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38% Buy

Astral Share Price

ASTRAL

₹1,995.25-₹1.80 (-0.09%) Past Year
₹1,990.00₹2,014.70
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Company overview

About

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Market cap

Market Cap Switch₹55,134 Cr

Open

₹2,007.95

Close

₹1,997.05

Circuit range

₹2,196.75 - ₹1,797.35

Day range

₹1,990.00 - ₹2,014.70

Year range

₹1,383.55 - ₹2,143.80

Volume

1,80,200

Avg. traded

₹2,001.04

Revenue (12m)

₹5,523 Cr

Astral

Baroda Rayon Corporation Ltd is a diversified company with its business interests in textiles and real estate sectors. The company was initially engaged in manufacturing of viscose filament rayon yarn, sulfuric acid, carbon di-sulphide, anhydrous sodium sulphate and nylon yarn. Later it diversified into the real estate sector as well. The company, incorporated in May 1958, was founded by Sangramsinh Gaekwad, who belonged to the royal family of the erstwhile princely state of Baroda.

The Company acquired Gujarat Polyamides in 1973. Their nylon yarn plant along with a collaboration agreement with Snia Viscosa SPA of Italy came under the ownership of Baroda Rayon. Gujarat Polyamides was completely amalgamated from 1 Jan 1973. The company received a letter of intent from the Government to manufacture 1,700 tonnes of nylon tyre fabric per year in 1979. The Government approved Baroda Rayon’s application under Technical Development Fund for the recovery of Caprolactam from fresh water. To execute this project, the firm got into a partnership with Italviscosa Eastern Trading SPA Italy.

Baroda Rayon Corporation was listed on the stock exchanges in 1995. Baroda Rayon’s market capitalisation stood at ₹450 crore as of December 30, 2023. Baroda Rayon share price has gained nearly 38% in the last one year.

The company’s promoters own 67.53% stake, while the public and other financial institutions have 31.50% and 1% stake, respectively.

Baroda Rayon business operation

The company owns a manufacturing plant located in Udhna, Gujarat. However, the company is not engaged in any manufacturing and production activity. The entire operation of the company in the textile segment has stopped since 2008.

The company started looking for new sources of revenue. The management explored the possibilities of getting into the real estate segment to get a new revenue stream and thereby strengthen the finances of the company. In 2022-23, Baroda Rayon expanded its business into the real estate sector.

Currently, Baroda Rayon has been registered under BIFR (Board of Industrial and Financial restructuring). The process for financial restructuring was initiated as the company obtained a loan of ₹217.48 crore and did not make provision for interest on this loan in its books of accounts. This led to problems in terms of statutory compliance.

Financial highlights

  • The company reported a total income of ₹83.62 crore in FY2023, a growth of 104.05% compared to ₹40.98 crore in the previous financial year.
  • The company’s profit after tax (PAT) stood at ₹272.74 crore as against ₹374.58 crore in the preceding financial year.
  • The company made a capital expenditure of ₹542.82 crore in FY23.
  • Its earnings per share (EPS) for FY 2023 stood at ₹119.04 as against ₹163.49 in FY 2022

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Astral Key indicators

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52 week high

₹2,143.80

52 week low

₹1,383.55

P/E ratio

93.97

P/B ratio

17.78

ROE

18.04%

ROCE

25.38%

Dividend yield

0.18%

Debt/Equity ratio

EPS

16.65

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Investment checklist: (5/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

38%

Hold

38%

Sell

24%

This analysis is based on the reviews of 21 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

16.81%

Net profit margin

9.71%

ROE

18.04%

ROA

13.25%

ROCE

25.38%

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Astral Shareholder returns

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1 day

-0.09%

1 week

-3.04%

1 month

-5.00%

3 months

+10.18%

1 year

+42.09%

3 years

+66.62%

5 years

+271.71%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Astral Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹2,007.95
₹1,995.25
-0.64%
Tue, Apr 9 2024
₹2,042.90
₹1,997.05
-2.30%
Mon, Apr 8 2024
₹2,058.65
₹2,024.80
-1.67%
Fri, Apr 5 2024
₹2,062.50
₹2,042.30
-0.99%
Thu, Apr 4 2024
₹2,094.00
₹2,062.50
-1.53%
Wed, Apr 3 2024
₹2,051.70
₹2,057.75
+0.29%
Tue, Apr 2 2024
₹2,050.00
₹2,051.70
+0.08%
Mon, Apr 1 2024
₹1,998.20
₹2,029.70
+1.55%

Shareholding info

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Promoters (54.1%)

Mutual Funds (8.38%)

Retail and other (12.44%)

Foreign institutions-FII (19.79%)

Other domestic institutions (5.28%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.5/share

    Ex date 27 Oct 2023

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  • Dividend • ₹2.25/share

    Ex date 04 Aug 2023

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  • Bonus • 1:3

    Ex date 14 Mar 2023

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  • Dividend • ₹1.25/share

    Ex date 18 Nov 2022

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  • Dividend • ₹1.75/share

    Ex date 19 Aug 2022

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  • Dividend • ₹1.25/share

    Ex date 17 Nov 2021

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Frequently asked questions