Astral Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 26.86 Cr
- Company Age 28 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 170.00 Cr
- Satisfied Charges ₹ 352.77 Cr
- Revenue Growth 33.56%
- Profit Growth 10.65%
- Ebitda 18.28%
- Net Worth 33.54%
- Total Assets 30.08%
About Astral
Astral Limited (AL) is a leading Public Limited Indian Non-Government Company incorporated in India on 25 March 1996 and has a history of 28 years and 11 months. Its registered office is in Ahmedabad, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532830 and on the National Stock Exchange(NSE) under ASTRAL.
The Corporate was formerly known as Astral Poly Technik Limited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 26.86 Cr.
The company currently has active open charges totaling ₹170.00 Cr. The company has closed loans amounting to ₹352.77 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Astral Limited India are Hiranand Savlani as CFO and Mr Bhavsar as Company Secretary. Girish Joshi, Chikmagalur Gopal, Kaushal Nakrani, and Seven other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Manufacturing
What products or services does Astral Limited offer?
Astral Limited offers a wide range of products and services, including Clamps and Clamping Equipment, Clamps, Seals, Oil Seals & Industrial Seals, Seals, PVC, CPVC, HDPE Water Pipe Fittings, Plastic Elbow, PVC, FRP, HDPE & Other Plastic Pipes, CPVC Pipe, Metal Pipe & Plumbing Fittings, Pipe Bushings.
Who are the key members and board of directors at Astral?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hiranand Savlani  | CFO | 18-Jul-2014 | Current |
| Sandeep Engineer | Managing Director | 25-Mar-1996 | Current |
| Mr Bhavsar | Company Secretary | 01-Oct-2022 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Viral Jhaveri | Director | 24-Oct-2019 | Current |
| Girish Joshi | Whole-Time Director | 01-Jul-2021 | Current |
| Chikmagalur Gopal | Director | 11-Feb-2020 | Current |
| Kaushal Nakrani | Director | 29-Mar-2019 | Current |
| Kairav Engineer | Whole-Time Director | 01-Jul-2023 | Current |
| Chetas Desai | Director | 07-Feb-2023 | Current |
Financial Performance of Astral.
Astral Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 33.56% increase. The company also saw a substantial improvement in profitability, with a 10.65% increase in profit. The company's net worth Soared by an impressive increase of 33.54%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Astral?
In 2023, Astral had a promoter holding of 55.85% and a public holding of 44.15%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Jwr Logistics Private LimitedChetas Desai is a mutual person
Jwl Cold Store Private LimitedChetas Desai is a mutual person
Jwc Logistics Park Private LimitedChetas Desai is a mutual person
Kent R O Systems LimitedChetas Desai is a mutual person
Irm Energy LimitedChikmagalur Gopal is a mutual person
- Astral Foundation
Jagruti Engineer and Sandeep Engineer are mutual person
Charges (Loans)
Open Charges
₹170.00 Cr
Satisfied Charges
₹352.77 Cr
Charges Breakdown by Lending Institutions
- The Hongkong And Shanghai Banking Corporation Limited : 100.00 Cr
- Standard Chartered Bank : 30.00 Cr
- Others : 25.00 Cr
- Idbi Trusteeship Services Limited : 15.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jan 2015 | The Hongkong And Shanghai Banking Corporation Limited | ₹100.00 Cr | Open |
| 02 Jul 2013 | Others | ₹25.00 Cr | Open |
| 13 Sep 2011 | Idbi Trusteeship Services Limited | ₹15.00 Cr | Open |
| 03 Mar 2008 | Standard Chartered Bank | ₹30.00 Cr | Open |
| 30 May 2019 | Axis Bank Limited | ₹1.77 Cr | Satisfied |
How Many Employees Work at Astral?
Astral has a workforce of 2788 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Astral, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Astral's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Astral
Recent activity within the organization
- Annual General Meeting
Astral Limited last Annual general meeting of members was held on 11 Aug 2023 as per latest MCA records.
- Balance Sheet
Astral Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Director Appointment
Chetas Gulabbhai Desai was appointed as a Director was appointed as a Director on 07 Feb 2023 & has been associated with this company since 2 years 23 days .
- Director Appointment
Dhinal Ashvinbhai Shah was appointed as a Director was appointed as a Director on 07 Feb 2023 & has been associated with this company since 2 years 23 days .
- Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 100.00 Cr registered on 24 Jan 2015 with Charge ID 10549636 was modified on 12 Jan 2023.
- Charges
A charge with Others of Rs. 25.00 Cr registered on 02 Jul 2013 with Charge ID 10435959 was modified on 12 Jan 2023.
Recent News, Updates & Announcement
- Infrastructure Growth and Election Boost Drive 15% Growth for Astral Poly Technik, Despite Profit Drop and Falling Stock.
When you're a plastic pipe maker and the government's infrastructure spending is helping you grow by 15%, but you're hoping for even more thanks to the elections. Also, new products like industrial chemicals will boost your growth. But, your profits are down and your stock is falling. #InfrastructureGrowth #ElectionBoost #NewProducts #ProfitDrop #StockFall #AstralPolyTechnik.
Frequently asked questions
What is the Incorporation or founding date of Astral Limited?
Astral Limited was incorporated on 25 Mar 1996.
What is authorized share capital and paid-up capital of Astral Limited?
The authorized share capital of Astral Limited is ₹ 50.00 Cr and paid-up capital is ₹ 26.86 Cr.
Who are the current board members & directors of Astral Limited?
Currently 12 directors are associated with Astral Limited.
- Hiranand Asandas Savlani
- Girish Bhanubhai Joshi
- Chikmagalur Kalasheety Gopal
- Kaushal Dakshesh Nakrani
- Hiranand Asandas Savlani
- Kairav Sandeep Engineer
- Chetas Gulabbhai Desai
- Jagruti Sandeep Engineer
- Sandeep Pravinbhai Engineer
- Dhinal Ashvinbhai Shah
- Mr Manan Chandraprakash Bhavsar
- Viral Maheshbhai Jhaveri
What is the registered address of Astral Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Astral Limited is "Astral House" 207/1 B/H Rajpath Club, Off S.G.Highway, Ahmedabad, Gujarat, India, 380059.
What is the corporate identification number (CIN) and company number of Astral Limited?
The corporate identification number (CIN) of Astral Limited is L25200GJ1996PLC029134 and the company number is 029134 as per Ministry of Corporate Affairs (MCA).
Is Astral Limited registered with any stock exchange in India?
Yes, Astral Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): ASTRAL.
What is the official website of Astral Limited?
The Official website of Astral Limited is https://www.astralpipes.com
What has been the recent revenue trend for Astral Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Astral Limited has risen by 33.56%.
How many employees does Astral Limited currently have?
As Per 2023 financial reports, 2788 employees are currently employed by Astral Limited.
What change has been observed in the net worth of Astral Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Astral Limited has experienced an upsurge of 33.54%.
What are the total open charges for Astral Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Astral Limited amount to ₹ 170.00 Cr.
When was the last Balance Sheet of Astral Limited filed with the ROC?
The most recent Balance Sheet for Astral Limited was filed with the ROC on 31 Mar 2023.
People also Viewed
Kyle ThompsonDirectorAJ
Anilkumar JaniDirectorNK
Nirav KirankumarshahDirectorKS
Katapadi ShenoyDirectorPD
Pradip DesaiDirectorNB
Narasinh BalgiDirectorND
Nimish DalalDirector
Similar Companies Based on Pipe & Tubes
Jindal Industries Private Limited Hisar, Haryana, India
Finolex Industries Limited Pune, Maharashtra, India
Surya Roshni Limited Jhajjar, Haryana, India
Welspun Corp Limited Kachchh, Gujarat, India
Apollo Metalex Private Limited Delhi, India
Electrosteel Castings Ltd Sundergarh, Orissa, India
Ratnamani Metals And Tubes Limited Ahmedabad, Gujarat, India
Megha Engineering & Infrastructures Limited Hyderabad, Telangana, India