Astral Ltd. ( ASTRAL: NSE ) Important Days For Trading & Investment 13-14 July 2022
Astral Ltd. engages in the development, manufacturing, and marketing of architectural building products for both residential and commercial applications. The company operates through two segments, the Plastic Products segment, and the Adhesives segment.
The Plastic Products segment offers metallic made clay pipes; plastic demister blocks for low energy central systems; sanitary wares comprising floormounted basins and bathtubs; toilet seats; and floor covering materials.
The Adhesives segment manufactures adhesives including wood acrylic-bonded primer (WB); vinyl acrylic-bonded sealer (VAS); alkyd cured coating primers such as flat paint sealer (FP).
It serves customers in residential applications market through distributors. Astral Ltd is headquartered in Ahmedabad, Gujarat, India.
Good News :
Astral has obtained the approval to own 51% controlling equity in Gem’s paint business in a deal worth Rs 194 crore.
ASTRAL is looking good due to following :
- Rising Net Cash Flow and Cash from Operating activity
- Company with Low Debt
- Strong cash generating ability from core business – Improving Cash Flow from operation for last 2 years
- Annual Net Profits improving for last 2 years
- Company with Zero Promoter Pledge