Astral bonus history
Astral pipes limited are leading manufacturers and provider of CPVC piping and plumbing system in India. Astral pipe has eight manufacturing unit across the country have automated material handling and feeding system.
Product of Astral pipes
01 Pumping pipes and fittings
a) CPVC PRO b) Multiplex c) ECO PRO
02 Sewerage Drainage pipes and fitting.
03 Agriculture pipes and fitting
04 Water Tanks
05 Industrial pipes and fitting.
06 Cable protection
07 Fire sprinklers pipes and fitting
08 Urban infrastructure
09 Ancillary products
10 Solvent cement
11 Insulation Tube
12 Speciality Fitting
Eight manufacturing Unit of astral pipes
01 Santej (Gujarat)
02 Dttolka (Gujarat)
03 Hosur (Tamil Nadu)
04 Sitarganj (Uttrakhand)
05 Ghiloth (Rajasthan)
06 Sangli (Maharashtra)
07 Aurangabad (Maharashtra)
08 Cuttack ( odhisa)
Astral pipes is India’s leading manufacturers of plastic pipes and adhesive business
Astral pipes business vertical
01 Astral adhesives
02 Bond It (USA and UK)
03 ASTRAL BATHWARE
04 gem PAINTS
ASTRAL PIPE Interesting fact
01 Spread business – 25+ countries
02 manufacturing facilities – 14
03 Depots – 17+
04 Distributors – 1150+
05 Dealers – 36500+
06 Employees – 8.2k+
Fundamentals/valuation about Astral pipes
It is a mid cap company
01 Market cap. – Rs 51,967 crore
02 CMP (current market price) – Rs 2010
03 P/E – 92.16
04 Dividend yield – 0.18%
05 Debt – Rs 2 crore
06 Cash – Rs 444 crore
Astral pipes IPO came in 2007 at Rs 115
If someone Invested Rs 100,000 in astral pipes in 2007 he got 869 shares. Let’s find out the present value of 869 shares.
Astral bonus history
01 Stock split (2010) – face value 10.to 5 – 1738 shares
02 Stock split (2013) – face value 5 to 2 – 4345 shares
03 stock split (2014) – face value 2 to 1 – 8690 shares
04 Bonus (2019) – 1:4 – 10,862 shares
05 Bonus (2021) – 1:3 – 14,482 shares
06 Bonus (2023) – 1:3 – 19,309 shares
Means 869 shares convert 19309 shares
In 2024 value of one share of astral pipes is Rs 2010
Value of 19309 shares is Rs 38,811,090
Means Rs 1 lakh convert into Rs 3.8 crore
Time period – 16 years
Note – compounding is the 8th wonder of this world
So, Astral pipes has huge growth opportunities in future and it will keep growing like this and it will keep rewarding it’s shareholders.
Dividend of astral pipe is very good