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    ASTRAL LTD.

    01 November 2024 | 12:00

    Industry >> Plastics - Pipes & Fittings

    Select Another Company

    ISIN No INE006I01046 BSE Code / NSE Code 532830 / ASTRAL Book Value (Rs.) 118.68 Face Value 1.00
    Bookclosure 15/11/2024 52Week High 2454 EPS 20.33 P/E 87.47
    Market Cap. 47768.60 Cr. 52Week Low 1733 P/BV / Div Yield (%) 14.98 / 0.21 Market Lot 1.00
    Security Type Other

    History of Company

    The company history sections lists out major chronological events that happened to the company.
    Our Company was incorporated on March 25, 1996 as ASTRAL POLY TECHNIK PRIVATE LIMITED, under the Companies Act, 1956, with the Registration Number 04-29134. The name of our Company was changed to ASTRAL POLY TECHNIK LIMITED vide fresh Certificate of Incorporation dated September 29, 2006 with Company Identification Number U25200GJ1996PLC029134.

    Our Registered Office is situated at 901, Parshwa Towers, Opp. Rajpath Club, Sarkhej-Gandhinagar Highway, Ahmedabad- 380 054.

    Business Overview

    We are a manufacturer and provider of CPVC piping and plumbing systems in India since 1999. We are the first licensee of Noveon, USA (formerly known as Specialty Chemical Divison of B.F Goodrich, USA) to manufacture and market CPVC piping and plumbing system in India. In order to strengthen our business plans, we entered into a techno-financial joint venture with Specialty Process LLC of USA, which provided us the required technical expertise for manufacturing our CPVC pipes and fittings for home and industrial application. Over the years, we have expanded and enhanced our product lines to provide continually improved services to our customers. As a manufacturer of CPVC pipes and fittings for hot and cold water, industrial and pressure systems application, we had introduced a new product range in lead free PVC pressure pipes and fittings in the year 2004. With a concept of providing a one-stop source for all the plastic piping systems, we also began trading in products such as CPVC and PVC fittings, flanges and valves from Spears (USA), solvent cements (adhesive solutions) for joining pipes and fittings from IPSC (USA), underground specialty fittings from Hunter (U.K) and CPVC and PVC plastic pipes of a larger diameter from Harvell Inc. (USA)

    Our Company has its production facilities at Gujarat and Himachal Pradesh to manufacture plumbing systems from «" to 8" diameter. Our products include CPVC pipes and fittings for hot and cold water plumbing systems, CPVC industrial piping system for transportation of hazardous and highly corrosive chemicals, lead free PVC systems for cold water application.

    Innovative product designs and improvements, new technologies, and a fully integrated manufacturing system are all a part of ASTRAL's ongoing commitment to quality, satisfaction and service.

    Our Company has received an ISO 9001:2000 certificate in respect of manufacture and supply of CPVC and PVC pipes and fittings for plumbing systems and industrial piping system. The raw material used by us for manufacturing CPVC products is certified by National Sanitary Foundation (NSF).

    Our business has grown at CAGR of 45.17% over a period of 5 years from 2002 to 2006 as reflected in the turnover for the year 2006 which was Rs.5165.38 Lacs as compared to Rs.801.42 Lacs in the year 2002. Our Company enjoys countrywide presence through its extensive distribution network comprising of more than 120 Distributors and 2000+ retail outlets. The products of our Company are very well accepted in all parts of the country though southern and Western India contributes to more than 75% of its business.

    Major events in the History of the Company: 

    Year     Event
    1996 Incorporation

    1995 Entered into a joint venture with Specialty Process LLC, by signing an agreement for equity and technical collaboration Entered into the Corzan Processor Agreement with B.F. Goodrich Co., USA 1998 Entered into the FlowGuard CPVC Processor Agreement with B.F. Goodrich Co., USA Launching CPVC in the Indian market Commenced production of FlowGuard CPVC products 1999 Entered into the Technology License Agreement in continuation of the CPVC Processor Agreement with B.F. Goodrich Co., USA 2001 Commenced manufacturing of CPVC fittings Expansion of manufacturing facilities at Santej, Gujarat 2002 Setting up of branch offices at Delhi and Mumbai and a sales depot at Bangalore 2003 Received ISO 9001: 2000 Certification Commenced manufacturing of lead free PVC piping systems in India 2004 Commenced export sales Revalued land and plant and machinery 2005 Setting up our second manufacturing facility at Baddi, Himachal Pradesh 2006 Received an award from Noveon for crossing the mark of 1,000 M.T. CPVC consumption Entered into the BlazeMaster Processor Agreement with Noveon Received an award from Noveon for being nominated as their first licensees for all their brands viz. FlowGuard, Corzan and BlazeMaster Conversion to a public limited company

    2008- Astral Poly Technik Ltd has entered into the Joint Venture Agreement with Kenya Based Group. The proposed new Company will be formed under the name of "Astral Technologies Ltd" in which Astral Poly Technik Ltd has the stake of 26%.

    2009 - Astral Poly Board declares Interim Dividend @ 10%

    2010 -Company has splits its Face value of Shares from Rs 10 to Rs 5

    2012 -Astral Poly Reappointed Mr. Sandeep Engineer as the Managing Director of the Company. -Astral Poly Technik receives Power Brands Rising Stars India 2012 Award.

    2013 - Induction of New Joint Venture Partner, Ramco Group, Kenya in M/s Astral Technologies Ltd, Kenya. -Astral Poly Technik was awarded Inc. India Innovative 100-for the year 2013 for smart innovation by Small & Mid-Sized Companies in India. -Astral awarded Business Standard Star SME of the year-2013. -Astral Poly Technik has splits its face value from Rs 5/- to 2/- 2014 -Astral Poly Technik Ltd acquired Controlling Stake (80%) in UK based Seal It Services Ltd. -Astral Poly Technik has received Grant of Licence by BIS for Companys Product Blaze Master CPVC Pipes for Fire Sprinkler System. -Astral Poly Technik Ltd has been awarded Trophy for being a Finalist in Top 15 out of 350 Nominees for the EY Entrepreneur of the year Award, 2013". -Astral has commenced commercial production and sale at its new manufacturing facility at Hosur, Tamilnadu having annual capacity of 7000 M.T. -Astral Poly Technik Ltd. Acquires 76% Stake in Resinova Chemie Ltd. -Astral Poly Technik has splits its face value from Rs 2/- to 1/-

    2016 -Astral Poly Technik "Updates on Purchase of Land in Rajasthan". -"Astral Poly Technik's Subsidiary Opens Business in U.S.". -"ASTRAL PIPES Launches New CPVC Plumbing Brand". -Astral Poly Technik has joined hands with Japan based Sekisui Chemical Company to source Chlorinated Poly Vinyl Chloride resin for hot and cold water plumbing system.

    2018

    -Astral Poly Technik Limited has informed that, Acquisition of 51% equity shares of Rex Polyextrusion Pvt Ltd. and its amalgamation with the Company.

    -Rex Polyextrustion, now an Astral Group

    2019

    -Astral Pipes Join Hands With Prabhas Starrer Saaho

    2021

    -The Company has informed that the Board of Directors, have considered and approved bonus at the ratio of 1 : 3, i.e 1 Equity Shares for every 3 Equity Shares held.

    -The Company has informed that the name has been changed from "Astral Poly Technik Limited" to "Astral Limited"

    -Long-term bank facilities is upgraded to `CRISIL AA/Stable' from `CRISIL AA-/Positive' Mumbai/Ahmedabad: Astral Limited (Astral; erstwhile Astral Poly Technik Ltd

    -Astral enters faucets and sanitaryware segment in India

    2022

    -Astral ropes in film star Allu Arjun to strengthen southern markets.

    2023 -The Company has issued Bonus Shares in the Ratio of 1:3. -The Company has started commercial production of Adhesives Division at Dahej Plant. -The Company has started commercial production of Plastic Water Storage Tank and PVC Pipes at Guwahati Plant.

    Way2Wealth Brokers Private Limited - CIN U67120KA2000PTC027628 Stock Broking: SEBI Regn No.: INZ000178638 | Exchange Membership ID: NSE: 11502, BSE: 3117, MSEI:51000, MCX: 56730 Depository Participant: SEBI Regn No. IN-DP-472-2020 | CDSL ID: 12062900 & 12031500, NSDL ID: IN303077 PMS: SEBI Regn No.INP000000829 | Register with AMFI ARN: 77558 (Date of Initial registration - 8th Dec 2009, Date of expiry - 24th Jan 2027) | PFRDA: POP226012019

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