Latest news about Astral
Astral
1,533.30
+13.30(+0.87%)
Company Performance:
View Company Insights1D+0.87%
1M+9.83%
6M-6.31%
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5Y-1.29%
More news about Astral
30Jul 26
Astral withdraws chemical business demerger scheme on consultant advice
Astral Limited has withdrawn its proposed Composite Scheme of Arrangement for the demerger of its Chemical Business following advice from an Independent Consultant. The Board concluded that the Chemical Business currently lacks the necessary scale and financial strength to support organic and inorganic growth as a standalone entity. The decision was taken on July 29, 2026, after reviewing stakeholder feedback and the prevailing business environment. No further steps will be taken regarding the demerger at this stage.
08Jul 26
Astral board reviews Composite Scheme and appoints advisor
Astral Limited's board approved an independent review of the Composite Scheme of Arrangement involving Astral Chemie Limited and Al-Aziz Plastics Private Limited following stakeholder feedback. The board appointed a Big Four or equivalent firm as an independent external advisor to evaluate the scheme and submit recommendations within 30 days. The board will consider these findings before deciding on the continuation, modification, or deferment of the scheme.
02Jul 26
Astral Ltd uploads concall transcript of June 27 meeting
Astral Limited has uploaded the transcript of its June 27, 2026 conference call with analysts and institutional investors to its website. The meeting, hosted with Investec Capital Services, featured senior management including the Chairman and CFO. The company confirmed no price-sensitive information was disclosed.
29Jun 26
Astral Chemicals Demerger Sparks Divergent Brokerage Calls: CLSA Holds, JPMorgan Downgrades, Investec Buys
Astral's chemicals business demerger—covering adhesives and paints—has elicited contrasting brokerage responses. CLSA maintains a Hold with a target price of ₹1,475, citing improved focus but limited near-term impact. JPMorgan downgrades to Neutral, flagging demerger uncertainty, PVC price correction risks, and demand volatility, while remaining structurally positive on Astral over Supreme. Investec retains a Buy with a target price of ₹1,710, highlighting the creation of Astral Chemie as India's second-largest listed pure-play after Pidilite Industries, backed by strong adhesives and construction chemicals growth, healthy cash flow, and RoCE.
26Jun 26
Astral approves demerger of chemicals business and amalgamation of Al-Aziz
Astral Limited's board approved a composite scheme to demerge its chemicals business into Astral Chemie Limited and amalgamate Al-Aziz Plastics Private Limited. The scheme, sanctioned on June 25, 2026, involves a 1:1 share exchange ratio for shareholders and requires NCLT and SEBI approvals. Financials for the year ended March 31, 2026, show the chemicals business turnover at ₹12,663 million.
12Jun 26
Investec Maintains Buy on Astral Ltd, ₹1,710 Target on DSS Acquisition
Investec has maintained a Buy rating on Astral Ltd with a target price of ₹1,710, viewing the acquisition of a 60% stake in DSS for ₹39.11 crore as a strategic move to deepen backward integration in specialty chemicals, drive cost efficiencies, and build a scalable new growth vertical, while noting that revenue ramp-up visibility from DSS remains awaited.
04Jun 26
Astral Limited to meet investors at ICICI Securities conference 2026
Astral Limited management will engage with institutional investors on June 8, 2026, in Mumbai as part of the ICICI Securities India Investor Conference 2026. The company will conduct one-on-one and group meetings with 38 entities, including SBI Life Insurance Co Ltd and ICICI Prudential Life Insurance Co Ltd, to discuss business performance and strategy. The interaction is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
26May 26
Astral uploads analyst meet transcript
Astral Limited has uploaded the transcript for its Analyst Meet held on May 20, 2026, to the investor relations section of its website. The disclosure was submitted to BSE Limited and the National Stock Exchange of India under Regulation 30. The filing was digitally signed by Chintankumar Patel, Company Secretary.
20May 26
Astral Q4 Net Profit Rises 19.6%; Revenue Grows 24.2%
Astral Limited's audited Q4 FY26 results show a 19.6% YoY increase in consolidated net profit to ₹2,130 million, supported by a 24.2% revenue growth to ₹20,885 million and EBITDA margin expansion to 19.2%. For the full year, the company achieved a revenue of ₹65,686 million and a net profit of ₹5,347 million, with the Plumbing segment driving growth through strong volume performance.
08May 26
Astral Limited Schedules Analyst Meet on May 20, 2026 for FY26 Results
Astral Limited has announced an Analyst Meet on May 20, 2026, in Mumbai, to discuss its audited financial results for the financial year ended March 31, 2026, and growth strategies. The disclosure, made on May 7, 2026, was filed under Regulation 30 of SEBI (LODR) 2015 and signed by Company Secretary Chintankumar Patel.
07May 26
Astral Limited Schedules Board Meeting on May 18, 2026 to Approve FY26 Financial Results and Dividend
Astral Limited has scheduled a Board of Directors meeting on May 18, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also deliberate on recommending a final dividend on equity share capital for FY2025-26. The company's Trading Window for designated persons has been closed since April 1, 2026, and will remain closed until 48 hours after the financial results are declared. The notice was filed pursuant to Regulation 29 of SEBI (LODR) 2015.
08Apr 26
Astral Limited Submits SEBI Regulatory Certificate for Q4 FY26
Astral Limited submitted its quarterly certificate under SEBI Regulation 74(5) for Q4 FY26 ended March 31, 2026, confirming no dematerialization activity during the period. The certificate was filed with BSE and NSE on April 8, 2026, through registrar Bigshare Services Private Limited, maintaining the company's regulatory compliance obligations.
23Mar 26
Astral Limited Subsidiary Al-Aziz Plastics Granted Patent for Multiport Water Outlet Technology
Astral Limited's wholly owned subsidiary Al-Aziz Plastics Private Limited has been granted Patent No. 583449 by the Patent Office Government of India for "Multiport Water Outlet" technology. The 20-year patent, effective from November 01, 2021, covers an innovative water distribution solution that enables multiple household connections from a single tapping point with flexible configurations and equal distribution. The technology offers engineering advantages including faster installation, reduced excavation, minimal disruption, and cost-efficiency while ensuring longer main-pipe life and shorter project timelines.
16Mar 26
Astral Limited Invests Up to ₹9 Crores in Vena Energy for Renewable Power Captive Requirements
Astral Limited has entered into a Share Subscription Agreement with Vena Energy Sustainable Power Private Limited on 16th March 2026, investing up to ₹9 crores for up to 19% equity stake. The investment targets captive renewable energy requirements in Gujarat through hybrid solar and wind power plants. The transaction, expected to complete by 30th April 2026, will provide significant financial benefits through captive power offtake arrangements.
06Mar 26
Astral Limited Management to Participate in Investec Conference with 79 Institutional Investors on March 11, 2026
Astral Limited management will participate in the Investec India Promoter & Founder Conference 2026 on March 11, 2026, in Mumbai, meeting with 79 institutional investors including major mutual funds, insurance companies, and asset management firms. The announcement was made under SEBI Regulation 30, with the company confirming that no unpublished price sensitive information will be shared during the interactions. The comprehensive list of participants includes prominent names like HDFC MF, Tata Mutual Fund, ICICI Prudential Life Insurance, and various other institutional investors, demonstrating significant market interest in the company.
02Mar 26
Astral Limited Receives GST Order for Rs 26.80 Lakhs Tax Demand Over ITC Discrepancy
Astral Limited received a GST order from Joint Commissioner Salem for ITC discrepancy during July 2017 to March 2021, involving Rs 26.80 lakhs tax demand plus Rs 2.68 lakhs penalty. The company will challenge the order based on strong merits and states no impact on financial or operational activities.
27Feb 26
Astral Positioned for MSCI February Index Exclusion Worth USD 161 Million
Astral faces borderline exclusion from the MSCI February index rejigging, announced today at 3pm. The exclusion carries a financial impact of USD 161 million (Rs 14.7 billion). This development could influence institutional investment flows and represents a significant change in the company's index positioning.
05Feb 26
Astral Limited Announces Q3FY26 Results Under Regulation 33 with Board Approval
Astral Limited formally announced its Q3FY26 financial results under SEBI Regulation 33 following Board of Directors approval on February 5, 2026. The company reported standalone revenue of ₹13,816 million with net profit of ₹1,268 million, while consolidated revenue reached ₹15,415 million. The results included exceptional items of ₹165 million related to new labour code implementation and reflected the company's strategic acquisitions including Al-Aziz Plastics and increased stakes in subsidiary companies.
28Jan 26
Astral Limited Schedules Board Meeting for February 5, 2026 to Approve Q3 FY26 Financial Results
Astral Limited has scheduled a Board of Directors meeting for February 5, 2026, to approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company has notified BSE and NSE in compliance with SEBI regulations, while maintaining trading window restrictions for designated persons from January 1, 2026, until 48 hours after results declaration.
01Jan 26
Astral Co-Promoter Group Acquires 36,000 Shares Through Open Market Transaction
Astral Limited's co-promoter group purchased 36,000 shares through open market transactions on December 30. The acquisition represents continued insider confidence in the plastic products company and adds to the promoter group's existing stake through direct market purchases.
06Nov 25
Astral Limited Completes 80% Acquisition of Nexelon Chem Private Limited
Astral Limited has completed the acquisition of an 80% stake in Nexelon Chem Private Limited on November 5, 2025. This acquisition, initially announced on August 11, 2025, was executed through a Share Purchase Agreement with Nexelon's existing promoters and shareholders. As a result, Nexelon has become a subsidiary of Astral Limited. The acquisition aligns with Astral's recent financial performance, which shows year-on-year growth in revenue, EBITDA, and net profit.
05Nov 25
Astral Limited Reports Strong Q2 Performance with Rs. 1.50 Interim Dividend Declaration
Astral Limited reported robust Q2 FY 2025-26 results with consolidated net profit of Rs. 1,348.00 million and revenue of Rs. 15,774.00 million. The company announced an interim dividend of Rs. 1.50 per share. Strategic acquisitions include Al-Aziz Plastics, increased stakes in Seal IT Services and Astral Coatings. The company's performance indicates resilient growth across key financial metrics in the plumbing and paints industry.
06Oct 25
Astral Limited Expands Manufacturing Footprint with New Kanpur Plant
Astral Limited has started commercial production at its new manufacturing plant in Kanpur, Uttar Pradesh, on October 6, 2025. This expansion is part of the company's strategy to strengthen its manufacturing footprint and increase production capacity. The new facility is expected to cater to growing demand in Northern India and potentially impact Astral's market share and supply chain efficiency.
10Sept 25
Astral Limited Acquires Full Ownership of Astral Coatings for Rs. 75 Crore
Astral Limited has announced the acquisition of the remaining 20% stake in its subsidiary, Astral Coatings Private Limited, for Rs. 75 crore. This move transforms Astral Coatings into a wholly-owned subsidiary of Astral Limited. The transaction, approved by the Board of Directors on September 10, 2025, is expected to be completed by October 31, 2025. Astral Coatings, formerly known as Gem Paints Private Limited, operates in the paints and coatings industry. The acquisition aims to improve operational efficiency and decision-making processes.
05Sept 25
Astral Limited Launches Commercial Production at New Hyderabad Plant
Astral Limited has commenced commercial production at its new plant in Hyderabad on September 2, 2024. The company officially announced this development to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This strategic expansion is expected to enhance Astral's production capabilities and strengthen its market presence in southern India. While specific details about the plant's capacity and products were not disclosed, the launch signals the company's execution of its growth plans and potential for increased production volumes and market reach.
04Sept 25
Astral Limited Acquires Full Ownership of UK Subsidiary Seal IT Services
Astral Limited will purchase the remaining 5% equity shares of Seal IT Services for GBP 400,000, increasing its ownership to 100%. The acquisition, approved on September 4, 2025, is expected to be completed by September 30, 2025. Seal IT Services, a UK-based manufacturer of adhesives and sealants, reported a consolidated turnover of GBP 33.44 million in 2025. Astral anticipates benefits including improved operational efficiency and faster decision-making.
22Aug 25
DGTR Recommends Anti-Dumping Duty on PVC Resin Imports, Potential Impact on Astral
The Directorate General of Trade Remedies (DGTR) has proposed imposing anti-dumping duties on PVC resin imports for five years. This recommendation could protect domestic manufacturers like Astral Limited from underpriced imports, potentially affecting pricing dynamics and supply chains in the PVC and pipe manufacturing sector. The proposal aims to shield Indian producers from unfair competition, but the final decision rests with the government.
11Aug 25
Astral Limited Acquires 80% Stake in NEXELON, Enters CPVC Resin Manufacturing
Astral Limited is acquiring an 80% stake in NEXELON CHEM PRIVATE LIMITED for Rs. 80,000, with plans to invest up to Rs. 120 crores. This strategic move marks Astral's entry into CPVC resin production, a key raw material for its pipe manufacturing business. The acquisition aims to optimize costs, improve margins, and ensure quality control. The facility will have an annual production capacity of 40,000 M.T. of CPVC Resin, with commercial production expected to start by Q2 FY-27. This vertical integration comes amid challenges in the polymer industry, including weak demand and price volatility.
11Aug 25
Astral Reports Decline in Q1 FY2026 Profitability and Margins
Astral Limited announced its Q1 FY2026 results, reporting a net profit of ₹811 million, down 32.42% from ₹1,200 million in Q1 FY2025. The company's EBITDA decreased by 13.55% to ₹1,850 million, with the EBITDA margin contracting to 13.58% from 15.50%. Revenue slightly declined by 1.74% to ₹13,600 million. The board meeting to approve these results was held on August 11, 2025, from 14:30 to 15:40.
21May 25
Astral Ltd: Q4 Profit Dips But Beats Estimates, Declares Dividend
Astral Limited's Q4 results show a 3.5% increase in consolidated revenue to ₹1,681.00 crore. Net profit slightly decreased by 1.3% to ₹179.00 crore, but beat analyst estimates. EBITDA rose to ₹302.00 crore with a marginal improvement in EBITDA margin. The company declared a final dividend of ₹2.25 per equity share.
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3,603.70
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1,533.30
(+0.87%)
7,024.50
(-1.08%)
3,355.40
(-0.54%)
158.98
(+0.40%)
190.95
(+2.84%)
5,780.50
(-3.25%)
284.45
(-1.83%)
572.00
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28.08
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