Add Astral, target price Rs 2280: HDFC Securities

HDFC Securities has add call on Astral with a target price of Rs 2280. The current market price of Astral Ltd. is Rs 2116.65. Time period given by analyst is one year when Astral Ltd. price can reach defined target.

Astral Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 42532.79 Crore) operating in Plastics sector.

Astral Ltd. key Products/Revenue Segments include Plastic Products and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1105.10 Crore, down -4.90 % from last quarter Total Income of Rs 1162.10 Crore and up 22.30 % from last year same quarter Total Income of Rs 903.60 Crore. Company reported net profit after tax of Rs 127.90 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55.73 per cent stake in the company as of 31-Mar-2022, while FIIs owned 17.8 per cent, DIIs 12.68 per cent.