NSE:ASTRAL Ltd's -Abki bar breakout ke liye Tayar ð???
āļāļĩāđāļāļąāļāđāļāļ:
ASTRAL Astral Poly Technik Ltd: Pioneering the Indian Plumbing and Adhesive Industry
Established in 1996, Astral Poly Technik Ltd set out with a vision to manufacture pro-India plumbing and drainage systems. Over the years, it has expanded into the adhesive business, marking its territory across multiple domains.
Historical Milestones
Astral has emerged as a frontrunner in the CPVC pipes and fittings sector in India. It pioneered the introduction of lead-free PVC pipes in 2004 and brought lead-free uPVC column pipes to the market in 2012. The company's strategic move into the adhesives space occurred in 2014, with the acquisitions of Seal IT Services Limited (UK) and Resinova Chemie Limited (RCL).
Diverse Product Range
Astral's portfolio extends beyond pipes to include water tanks, faucets, sanitary ware, and paints. It boasts approximately 37 variants in its pipe and tank segment and about 23 in adhesives.
Revenue Breakdown
A) Piping Division: Contributing 73% to the companyâs revenues, Astral offers an array of products for various systems, including fire sprinklers and industrial applications. The acquisition of Rex Polyextrusion added specialties like corrugated pipes and telecom line protection systems to its arsenal.
B) Adhesives Division: Accounting for 27% of revenues, this division offers products ranging from epoxy adhesives and sealants to construction chemicals and tapes.
Inorganic Growth and International Presence
Astral has spread its wings internationally, with manufacturing in 3 countries and exports to over 25. It generates around 8% of its revenue from international sales.
Manufacturing Excellence
The company's manufacturing footprint includes eight piping and water tank facilities in India and five adhesives plants globally. To optimize logistics costs, Astral strategically positions its facilities to serve different regions within India and has recently expanded to Bhubaneswar, Odisha.
Future Expansion
Astral plans to augment the capacity of its Bhubaneswar plant and is establishing new facilities in Guwahati, Hyderabad, and Kanpur. These are set to become operational between FY24 and FY25, with a planned annual capex of âđ300-350 crore funded through internal accruals.
Extensive Distribution Network
The company's robust distribution network features over 2,750 distributors and more than 1,93,000 dealers. With a strong foothold in West and South India, the piping business is expected to grow in the North and East with new facilities.
Strategic Raw Material Sourcing
The company predominantly imports CPVC resin from Sekisui Chemical and relies on domestic giants like Reliance Industries for PVC resins.
New Ventures
In the pursuit of diversification, Astral ventured into faucets and sanitary ware in October 2021, eyeing a market potential of âđ15,000 Cr. This division is led by Mr. Atul Sanghvi, the former CEO of CERA, who has since resigned effective from 30.10.23. In the paints category, Astral acquired a majority stake in Gem Paints Pvt Ltd, with further investments to consolidate its position.
Brand Visibility
Astral leverages brand endorsement through Bollywood icons and sports associations. It has partnered with celebrities like Ranveer Singh and Allu Arjun to enhance its market visibility, allocating 2-3% of its net sales for promotional endeavors.
Subsidiaries and Growth
The company oversees 9 subsidiaries as of FY23, with a footprint extending beyond Indian borders.
As Astral Poly Technik Ltd continues to build on its strengths and explore new markets, it stands as a testament to the potential of Indian manufacturing and the importance of strategic growth.
Source: Screener.in
Disc: Invested for long time , adding in anticipation of breakout this time - Abki bar breakout ke liye tayar
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Market environment will derail price action for some time ...disc: still invested
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
tested the patience for few weeks before making all time grounds ...look at trend line respect beautifully througout the period , added
That's why sometimes its not what you study in books ð
one have to work through the conviction + patience + act not on FOMO + keep investing
added more in different levels
now enjoying gains
disc: investing , SEBI certified RA , no recommendation to buy or sell
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
great going !!!āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
good closing , hope this not false breakout manage to close above key resistance
buyers have the firepower???
disc: invested , add more and no recommendation
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
I am hopefully this time will super normal profits / wealth creation disc: Invested , add more , do you own research I have been wrong in the past.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Solid start of the week ððdisc: Invested , do you own research I have been wrong in the past.
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļąāļāļāļēāļāļāļļāļ
Closing the trade based on technical structure
fundamentally strong company
holding for in PWI LAB
closing PWI LAB portion
disc: still holding capital free shares for long term
Join me on Twitter @bhatiashivendra to stay updated on my thoughts and insights on stocks, financial assets, and markets. I focus on research-based analysis and avoid hype. As an experienced investor in a diverse range of assets, I invite you to conduct
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