Astral Ltd.

NSE: ASTRAL · Capital Goods

₹1,253.60-9.68%06 Nov 2026

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Instant answers about Astral Ltd. — computed from its filings, no language model

Market cap₹33,722 cr

Current price₹1,253.60

High / Low₹1,746 / ₹1,254

P/E59.4

P/B7.95

Book value₹157.6

ROE13.4%

ROCE18.7%

Debt / equity0.05

Dividend yield0.30%

EPS (TTM)₹21.11

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,139	2,507	2,578	3,176	4,394	5,158	5,641	5,832	6,569
EBITDA	317	385	443	644	755	810	918	946	1,062
Operating margin	14.8%	15.4%	17.2%	20.3%	17.2%	15.7%	16.3%	16.2%	16.2%
Interest	22	32	39	13	13	40	29	41	64
Depreciation	57	81	108	116	127	178	198	243	292
Profit before tax	251	283	308	540	650	617	734	702	731
Tax	72	86	56	125	158	156	188	184	196
Net profit	175	196	248	404	484	457	546	524	537
EPS ₹	14.62	16.27	16.45	20.13	24.08	17.00	20.33	6.67	19.97
Operating cash flow	—	—	—	—	543	557	823	630	1,117
Capex	—	—	—	—	346	311	554	545	459
Dividend paid	—	—	—	—	45	60	101	101	101
Total assets	1,675	2,099	2,289	2,673	3,387	4,373	4,498	5,056	5,812
Equity	1,018	1,278	1,503	1,896	2,337	2,711	3,188	3,617	4,058

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	651	477	629	634	775	607	678	664	629	404	747	898	1,128	700	1,154	1,099	1,391	1,213	1,172	1,268	1,506	1,283	1,363	1,370	1,625	1,384	1,370	1,397	1,681	1,361	1,577	1,542	2,088	1,578	1,988
Operating profit	118	78	94	94	119	93	119	118	113	54	144	192	255	129	212	198	217	172	144	186	309	202	220	205	292	214	210	220	302	185	257	237	383	231	260
Operating margin	18.2%	16.3%	15.0%	14.8%	15.4%	15.3%	17.5%	17.8%	17.9%	13.4%	19.2%	21.4%	22.6%	18.5%	18.3%	18.0%	15.6%	14.2%	12.3%	14.7%	20.5%	15.7%	16.1%	15.0%	17.9%	15.5%	15.3%	15.7%	18.0%	13.6%	16.3%	15.4%	18.3%	14.7%	13.1%
Other income	2	4	5	3	4	7	3	2	0	4	5	6	5	4	8	6	16	11	14	-2	7	12	13	6	10	12	9	12	9	9	11	10	17	13	12
Interest	9	12	14	1	6	7	9	5	18	6	-1	2	1	5	1	2	5	14	14	9	3	6	8	8	8	8	10	14	10	12	16	13	24	6	12
Depreciation	15	16	19	20	22	24	27	27	29	28	29	30	29	31	31	32	33	43	45	46	44	46	49	50	52	56	60	63	65	72	72	73	74	75	79
Profit before tax	96	54	66	76	92	68	86	88	66	24	121	166	229	98	187	170	195	125	99	130	266	162	177	154	241	163	149	154	236	110	180	144	297	163	172
Tax	30	16	20	24	29	20	3	19	14	2	28	41	53	23	44	42	49	32	24	35	65	42	45	41	60	44	40	42	58	31	45	37	84	43	45
Net profit	65	37	45	53	62	47	82	0	51	20	87	123	175	74	141	127	141	89	70	93	206	120	132	114	182	120	110	114	179	81	135	108	213	120	127
EPS ₹	5.42	3.12	3.76	4.37	5.17	3.93	5.45	4.49	3.39	1.32	5.75	8.18	8.69	3.68	7.03	6.34	7.04	4.42	3.50	4.62	7.66	4.46	4.88	4.23	6.76	4.48	4.10	4.25	6.67	3.02	5.02	4.01	7.93	4.47	4.73
Revenue YoY	—	—	—	—	19.1%	27.2%	7.8%	4.8%	-18.8%	-33.4%	10.1%	35.1%	79.3%	73.3%	54.5%	22.4%	23.3%	73.2%	1.5%	15.4%	8.3%	5.8%	16.3%	8.1%	7.9%	7.8%	0.5%	2.0%	3.5%	-1.6%	15.1%	10.3%	24.2%	15.9%	26.0%
Profit YoY	—	—	—	—	-4.8%	26.1%	81.3%	-100.0%	-17.3%	-57.7%	5.6%	—	241.7%	271.4%	62.9%	3.3%	-19.0%	20.3%	-50.1%	-26.9%	45.5%	34.8%	87.1%	22.0%	-11.7%	0.5%	-16.5%	0.5%	-1.3%	-32.6%	22.5%	-5.6%	18.8%	48.0%	-5.6%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Astral Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	194	291	411	581	821	1,074	1,253	1,364	1,530
Operating profit	30	42	54	84	112	149	151	167	—
Operating margin	15.7%	14.6%	13.1%	14.4%	13.6%	13.9%	12.0%	12.3%	—
Other income	2	2	3	2	2	2	1	1	8
Interest	5	5	5	7	7	8	13	12	—
Depreciation	6	9	11	13	18	21	33	35	42
Profit before tax	16	34	42	50	78	101	97	103	—
Tax	2	6	9	11	18	24	28	31	—
Net profit	14	28	34	40	60	77	69	72	107

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	31	35	46	42	49	45	58	52	68	68	102	71	100	99	142	100	136	161	184	153	201	206	261	216	256	265	337	271	304	303	375	293	323	320	429	317	334	356	523	323	400	405
Operating profit	5	6	7	7	8	7	9	8	9	11	14	9	14	12	19	12	16	16	38	20	24	20	48	22	37	39	51	39	37	29	46	40	42	32	53	41	43	52	—	39	51	54
Operating margin	14.8%	15.9%	14.4%	15.7%	16.7%	15.1%	15.4%	15.6%	13.6%	16.2%	13.6%	12.8%	13.8%	11.9%	13.7%	12.4%	12.0%	10.2%	21.0%	13.0%	11.9%	9.5%	18.5%	10.1%	14.5%	14.9%	15.2%	14.4%	12.0%	9.6%	12.3%	13.5%	13.1%	10.0%	12.4%	12.8%	12.7%	14.5%	—	12.0%	12.7%	13.4%
Other income	1	2	1	1	-1	-2	3	0	0	0	1	0	0	3	-0	0	0	1	0	1	0	0	0	1	1	1	-0	0	0	1	0	0	0	0	0	1	2	1	4	3	2	5
Interest	1	1	1	1	1	2	2	2	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	5	4	3	3	3	4	7	3	5	—	4	—	—
Depreciation	1	1	1	1	1	2	2	2	2	2	2	2	3	3	3	3	3	3	4	4	4	5	4	5	5	5	6	8	9	9	7	8	9	9	9	10	10	11	11	11	12	12
Profit before tax	4	6	6	5	5	2	4	5	7	8	14	7	9	10	16	9	11	6	25	12	13	14	39	16	20	24	41	29	24	13	31	27	26	17	34	25	31	37	—	26	41	47
Tax	1	1	1	1	1	0	1	1	1	1	2	2	2	2	3	2	2	1	5	2	3	3	10	4	4	3	13	9	3	2	14	10	9	2	10	9	9	12	—	9	14	16
Net profit	4	5	5	5	4	1	4	4	6	6	12	5	7	8	13	7	9	5	19	10	10	11	29	12	16	21	28	20	21	11	17	17	17	15	24	16	22	25	44	17	27	31
EPS ₹	3.37	4.49	4.66	4.18	3.87	1.26	3.32	3.91	5.01	5.58	10.44	4.78	3.03	3.73	5.79	3.06	3.94	2.11	8.58	4.25	4.52	4.72	13.00	5.29	2.88	3.79	4.94	3.64	1.84	0.97	1.40	1.45	1.41	1.24	2.02	1.35	1.80	2.06	3.68	1.44	2.22	2.62
Revenue YoY	—	—	—	—	55.6%	29.5%	25.3%	23.6%	40.3%	49.8%	76.4%	36.9%	46.1%	45.2%	38.7%	41.0%	36.7%	63.2%	29.3%	52.1%	47.4%	28.3%	42.3%	41.5%	27.3%	28.4%	29.1%	25.3%	18.6%	14.4%	11.4%	8.3%	6.4%	5.4%	14.2%	8.2%	3.5%	11.3%	21.9%	1.8%	19.7%	13.9%
Profit YoY	—	—	—	—	14.8%	-71.9%	-28.5%	-6.4%	29.4%	341.5%	214.5%	22.0%	21.1%	33.7%	11.0%	28.1%	29.8%	-43.4%	48.1%	38.7%	14.7%	123.8%	51.5%	24.6%	59.7%	100.9%	-4.9%	72.0%	27.6%	-47.8%	-40.3%	-16.1%	-19.4%	31.9%	44.7%	-5.1%	29.0%	68.5%	83.9%	6.2%	23.6%	26.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	19.7%	15.5%	16.2%	19.1%	14.9%	12.0%	10.2%	10.5%	18.7%	21.3%	24.2%	27.1%	27.3%	20.7%	21.3%	17.6%	16.2%	16.9%	18.0%	19.0%	19.7%	17.1%	17.2%	15.6%	15.6%	14.5%	13.4%	13.5%	13.3%	13.2%	14.2%	13.4%
ROCE	32.0%	21.7%	22.4%	23.4%	24.5%	21.3%	18.5%	20.0%	24.6%	27.9%	31.7%	35.1%	35.3%	27.4%	28.9%	24.9%	23.6%	23.7%	24.7%	25.5%	26.3%	23.2%	23.3%	21.3%	21.5%	19.8%	18.5%	18.6%	18.3%	18.9%	20.0%	18.7%
Net margin	8.4%	7.9%	7.8%	9.1%	7.0%	7.0%	6.4%	6.5%	10.5%	12.7%	13.2%	13.2%	12.7%	11.1%	10.3%	8.8%	7.8%	8.9%	9.4%	10.2%	10.3%	9.7%	9.5%	9.1%	9.1%	9.0%	8.3%	8.5%	8.2%	8.2%	8.5%	7.9%
EBITDA margin	16.1%	15.3%	15.1%	15.8%	16.5%	17.2%	17.0%	17.5%	18.8%	20.3%	20.7%	20.3%	19.4%	17.4%	16.4%	15.0%	14.3%	15.7%	16.1%	16.9%	16.9%	16.3%	16.2%	16.0%	16.2%	16.2%	15.8%	16.0%	15.9%	16.2%	16.3%	15.5%
Debt / equity	0.01	0.15	0.15	0.15	0.15	0.08	0.08	0.08	0.08	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.05
Interest coverage	9.33	10.00	11.94	15.02	13.26	8.81	7.93	11.57	16.18	69.35	94.14	80.20	77.90	51.42	30.84	17.54	13.76	16.07	21.18	28.69	31.82	26.21	24.79	22.37	18.91	18.01	15.11	14.13	14.27	12.34	14.53	15.34
Asset turnover	1.43	1.20	1.26	1.28	1.30	1.13	1.04	1.07	1.17	1.19	1.30	1.45	1.53	1.28	1.43	1.23	1.27	1.18	1.20	1.25	1.28	1.25	1.28	1.22	1.23	1.15	1.15	1.16	1.19	1.13	1.17	1.22

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	11	12	12	12	12	12	15	20	20	20	27	27	27	27	27	27	27	27
Other equity / reserves	304	607	696	835	1,006	1,266	1,488	1,876	2,316	2,406	2,684	2,875	3,161	3,341	3,590	3,749	4,031	4,212
Total equity	315	619	708	847	1,018	1,278	1,503	1,896	2,337	2,426	2,711	2,902	3,188	3,368	3,617	3,776	4,058	4,239
Borrowings	98	139	0	40	6	194	127	67	85	85	77	77	96	107	144	155	153	198
Current liabilities	286	390	427	453	491	587	615	688	941	1,139	1,195	1,151	1,121	1,092	1,143	1,186	1,498	1,341
Non-current liabilities	93	142	155	150	152	220	155	68	82	89	80	84	108	176	220	236	256	290
Total assets	694	1,167	1,304	1,462	1,675	2,099	2,289	2,673	3,387	3,971	4,373	4,328	4,498	4,714	5,056	5,198	5,812	5,875
Property, plant & equipment	289	342	429	507	605	810	924	968	1,157	1,393	1,457	1,606	1,835	2,014	2,281	2,355	2,539	2,608
Capital work-in-progress	8	27	15	25	73	81	44	57	123	86	126	205	151	186	116	186	89	210
Investments	—	—	0	0	0	0	0	0	0	0	0	0	0	15	0	6	0	7
Inventories	195	266	277	272	357	397	540	472	733	881	875	974	913	1,129	1,011	1,076	1,117	1,426
Receivables	145	233	227	338	307	339	228	277	269	318	354	322	376	361	435	372	475	392
Cash & equivalents	1	12	50	18	43	89	14	71	641	357	530	533	609	357	608	549	890	405

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	67	117	226	114	282	342	405	664	543	557	823	630	1,117
Cash from investing	-91	-343	-203	-158	-185	-293	-318	-454	72	-480	-541	-513	-506
Cash from financing	13	237	16	12	-71	-5	-163	-153	-44	-189	-202	-118	-328
Capex	—	—	—	—	—	225	218	172	346	311	554	545	459
Free cash flow	—	—	—	—	—	117	187	492	197	246	270	85	658
Dividends paid	4	—	—	—	—	—	—	15	45	60	101	101	101

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹2,608 cr44%

CWIP

₹210 cr4%

Investments

₹7 cr0%

Inventories

₹1,426 cr24%

Receivables

₹392 cr7%

Cash & equivalents

₹405 cr7%

Other assets

₹825 cr14%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Astral Ltd.	33,722	1,253.60	59.4	7.95	13.4%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-12.2%

6 months-20.1%

1 year-14.4%

3Y CAGR-12.2%

5Y CAGR-5.9%

10Y CAGR+20.5%

50-day avg₹1,416.38

200-day avg₹1,497.79

RSI (14)28

Compare Astral Ltd. with

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FAQs

What is the share price of Astral Ltd.?

Astral Ltd. (ASTRAL) closed at ₹1,253.60 on NSE on 06 Nov 2026.

What is the market cap of Astral Ltd.?

₹33,722 crore at the latest close.

What is the P/E ratio of Astral Ltd.?

59.4, on trailing-twelve-month earnings from its filings.

How fast is Astral Ltd. growing?

Astral Ltd.: revenue has compounded at 8.4% a year over three years; net profit at 5.5% a year. Latest-quarter revenue is up 26.0% year on year, profit down 5.6%.

How profitable is Astral Ltd.?

On a trailing-twelve-month basis return on equity is 13.4%, return on capital employed 18.7%, operating margin 15.5%, net margin 7.9%.

How much debt does Astral Ltd. have?

Astral Ltd. is debt-free: debt to equity is 0.05 with borrowings of ₹198 cr against cash of ₹405 cr (balance sheet of 2026-09-30). Operating profit covers interest 15.3 times.

Financials parsed from Astral Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.