Saturday, November 23, 2019
Wednesday, November 20, 2019
Astral Poly
Technik share turned Rs 1 lakh into Rs 13 crore in 10 years
Rs 1,00,000 invested in Astral Poly Technik stock on July 10,
2009 would have grown to Rs 13.27 crore on July 11, 2019.
The Astral Poly Technik share has delivered strong returns for
investors during the last ten years. Rs 1,00,000 invested in the stock on July
10, 2009 would have grown to Rs 13.27 crore on July 11, 2019. Astral Poly
Technik share price has zoomed from Rs 0.99 on July 10, 2009 to Rs 1,314 on
BSE. Astral Poly Technik stock has delivered 1,32,627% returns to its investors
in the last 10 years.
Seven of 17 brokerages rate the stock "buy" or
'outperform', five "hold", three "underperform" and two
"sell", according to analysts' recommendations tracked by Reuters.
Astral Poly Technik share price has risen 21.93% during the last
one year and gained 15.03% since the beginning of this year. In comparison, the
benchmark Sensex rose 7.58% since the beginning of this year and gained 6.17%
during the last one year. The midcap stock closed at 1,314 level on Thursday.
It was trading 0.87% lower at 1,302 level on BSE today.
Financial performance
Astral Poly Technik reported a fall of 4.36% in net profit to Rs
62.47 crore in the quarter ended March 2019 compared with Rs 65.32 crore during
the quarter ended March 2018.
Sales rose 21.27% to Rs 774.70 crore in the quarter ended March
2019 compared with Rs 638.82 crore during the previous quarter ended March
2018.
The firm has constantly improved its financial performance
during the last 10 years.
For fiscal ended March 2019, the firm logged Rs 2,507 crore in
net sales compared to Rs 291.17 crore in sales for fiscal ended March
2010.
The debt to equity ratio for this plastic products manufacturer
during year ended March 2019 stood at 0.13.
For fiscal ended March 2019, the firm logged Rs 200.91 crore in
net profit compared to Rs 27.71 crore for fiscal ended March 2010. Price to
book value ratio for year ended March 2019 stood at 10.86 compared to 1.86 for
the fiscal ended March 2009.
Asset turnover ratio for the year ended March 2019 improved to
119.43% compared to 110.54% for the fiscal ended March 2009. Return on capital
employed for the year ended March 2019 stood at 21.09% compared to 17.74% for
the fiscal ended March 2009.
What brokerages said
Dolat Capital in a report on May 24 this year gave a buy call to
Astral stock with a target price of Rs 1,447. The current market price at
the time of issuing this report was Rs 1,200.
The brokerage said "Astra has been a
multi-year compounding story and we expect
the trend to continue. The additions in the product portfolio in
both segments -pipe and adhesive-will
augment growth, with an expanding margin
profile. Astra's management strategy is to pursue
profitable volumes, which is likely to ensure
margin protection and keep the balance sheet strong.
Despite very high valuations, we believe that Astra stock
performance will continue to be driven by profitability growth. We rollover our
valuations to FY21E earnings, and reiterate Buy with a target price of Rs
1,447."
After the firm announced its Q4 earnings in last fiscal, IDBI
Capital upgraded the stock from Sell to Hold.
IDBI Capital on May 23, 2019 said, "Astral Poly Technik's
(Astral) Q4FY19 result was largely in-line to our forecast. Revenue grew by 19%
YoY to Rs 770 crore. While EBITDA remained flattish on a YoY basis at Rs 120
crore owing to higher other expenses,
Adjusted profit after tax declined 13% YoY to
Rs 61.1 crore. Plastic segment (Inclusive of Rex) witnessed volume growth of
23% YoY to 38,877mt whereas EBITDA just grew by 9.7% YoY to Rs 977 mn owing to
higher expenses.
Further, Adhesive business revenue increased by 19% YoY to
Rs 180 crore while EBITDA declined by 22% YoY to Rs 25 crore
due to higher branding expenses. We
largely keep our estimates unchanged
and introduce FY21 financials and expect its
revenue/EBITDA/PAT to see a compounded annual growth rate of
19%/21%/29% during FY19-21. We raise our target price to Rs 1,255 (PER of 45
times FY21 Estimated) from Rs 945 as we roll over our valuation to FY21E. We
upgrade the stock to HOLD from SELL."
ICICI Direct Research in a report on February 13, 2019 said,
"Near-term earnings to be impacted by corrective actions taken in Q3FY19;
medium-long term earnings visibility remains strong: Factoring in the Q3FY19
numbers and corrective actions, we revise our revenue and profit after tax
(PAT) estimates downward by 6.4%/9.4% and 10.7%/12.9% respectively for
FY19/FY20. We expect the company to report revenue and PAT compounded annual
growth rates of 21% and 30% respectively, over FY18-FY21. Rolling forward to
FY21E, we maintain REDUCE on ASTRA with a revised target price of Rs 1,020 (vs
Rs 916 earlier), valuing it at 32 times FY21 estimated earnings."
Astral Poly Technik is engaged in the production of plastic
products. The company and its subsidiaries are engaged in the business of
manufacturing and trading of pipes, fittings and adhesive solutions.
Its product range
includes pipe category for plumbing, industrial, drainage, fire protection,
agriculture, electrical conduit and ancillary, and adhesive category for
construction, maintenance, wood care and automotive. The company has its
manufacturing facilities in India and abroad, and sells across the globe.
Tuesday, November 19, 2019
“2019 MSME Achiever’s Award” for International Achievement in the field of Wealth Management
Hyderabad, Nov 14 2019
“2019 MSME Achiever’s Award” Ceremony took place on 14th Nov 2019, National Institute for Micro, Small and Medium Enterprises (NIMSME), Hyderabad, Telangana.
Awards under ten different categories were given by the honorable Union Minister of State for Micro Small and Medium Enterprises (MSME) Mr. Pratap Chandra Sarangi.
Congratulating all the award winners for contributing in their respective fields and helping in increasing country’s GDP, Mr. Sarangi said the award winners were recognized for their innovation further providing solutions to significant challenges and breaking down barriers.
Maneesh Nath, a global stock market investor who hails from Lucknow, India received the prestigious “2019 MSME Achiever’s Award” for International Achievement in the field of Wealth Management. In the past, Maneesh Nath has won several awards including SumZero’s one of the Top 20 best fund management industry professional award in New York, USA.
2019 MSME Award ceremony organised by VMR9 Events was graced by the presence of Mr. Surabhi Bhoom Rao, Mr. Firoz Bhakt Ahmed and Ms. Dalbir Kaur. Event was attended by several distinguished professionals from different industries like Wealth Management, Media, Innovation and Technology, Healthcare, E-commerce, Social, Sports, Art and Craftsman, Agriculture and Tourism.
Speaking at the presentation of the Achievers Award 2019 at the National Institute for MSME here on Thursday, the Minister said the MSME sector is the largest employment generator after agriculture in the country.
Minister lauded the MSME sector and said it will play a crucial role in achieving the Centre's target of making India a $5 trillion economy.
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