NSE: ASTRAL· IndustrialsNot in Aug top-30Mid cap
Astral
CPVC leader after a destocking year
- Last close
- ₹1,375.00
- 29 Sept 2026 · reference
- 1D · 1M
- +0.3% · −10.3%
- price-only
- Weight
- 1.0%
- 31 Jul 2026 · Aug rank —
- Thesis review
- 8 Sep 2026
- Why We Own, p53
Where the price sits
52-week range, house target and street targets
52w low ₹1,31752w high ₹1,746
- Reference close₹1,375
- Antique Stock Broking Limited · BUY₹1,760
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹1,497
Price (2026-09-07)
68.4x / 49.9x
FY27E / FY28E P/E (Buoyant sheet)
14.4%
FY27E ROE (Buoyant sheet)
67.3x
Trailing P/E
9.9x
Price / book
26%
EPS CAGR FY26–28E
ICICI Sec: FY28E P/E of ~50x vs its historical average of ~80x (79.6x on FY26); stock still trades at 9.9x book (screener). EV/EBITDA n.m.; dividend yield 0.3%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 45.3x | 61.3x | 71.0x | 56.3x | 80.4x | 84.1x | 78.8x | 98.1x | 66.4x | 80.1x |
| Price to Book | 7.8x | 10.6x | 11.5x | 9.3x | 17.2x | 17.4x | 13.3x | 16.8x | 9.6x | 10.6x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Astral plus a reference price. Missing inputs are not substituted.