Astral Poly

Astral Poly Technik, for Q1FY17 posted a good set of numbers. The company posted a relatively muted 13% (YoY) rise in consolidated net sales at Rs.532 crore but net profit was trailblazing at Rs.40 crore, up 82%. EBITDA was up 19% at Rs.65 crore. What really helped pump up the net profit was a lower tax outgo at Rs.3 crore v/s Rs.14 crore in previous Q1.

The company’s equity stands at Rs.11.98 crore and EPS came in at Rs.3.56 (FV of Re.1). Reserve was at Rs.768 crore.

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 today enjoys a strong brand presence. Promoter holding has come down to 59.35%, FIIs stake is at 14.51%.