Reports On Company: Astral Ltd
Astral Ltd is superior in every respect; outlook strong. Buy for target price of Rs INR 1,983: Nuvama | |
Company: | Astral Ltd |
Brokerage: | Nuvama |
Date of report: | May 18, 2023 |
Type of Report: | Result Update |
Recommendation: | Buy |
Upside Potential: | 18% |
Summary: | We remain positive on ASTRA given its: i) market share gains in the core plastic piping business; ii) strong brand recall; iii) product launches (it recently forayed into faucets and sanitaryware, tanks, infrastructure pipes, DWV piping system, valves, and paints to increase its addressable market); iv) strong cash flow and net debt-free Balance Sheet, with an improvement in working capital; and v) robust growth in the adhesives business |
Full Report: | Click here to view full post with link to download pdf file |
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