Astral Poly

Fundamentally, this company has literally risen like a phoenix from the ashes. From being almost on the verge of bankruptcy in 2003, re-building brick-by-brick, the company has today risen to become India’s largest plumbing and drainage pipe maker. The company, which today enjoys a strong brand presence has posted a good set of numbers for Q4Fy16. Its consolidated net profit came in at Rs.40 crore, almost doubling from Rs.22 crore in Q4FY15. This was on a 13% jump in total income at Rs.532 crore. EBITDA for the quarter came in at Rs.65 crore, up 19% and margins improved to 12.2% from 11.6%. The company had a forex loss of Rs.6.79 core during the quarter.

The company ended FY16 with a 33% rise in consolidated net profit at Rs.101 crore on a 20% jump in net sales at Rs.1718 crore. Its equity stands at Rs.11.98 crore and and reserves stood at Rs.768 crore. EPS for the year was at Rs.8 (FV of Re.1/share). Promoter holding in the company is at 59.35%.