Buy Astral, target price Rs 2244: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Astral with a target price of Rs 2244. The current market price of Astral Ltd. is Rs 1991.85.

Astral Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 53597.80 Crore) operating in Plastics sector.

Astral Ltd. key Products/Revenue Segments include Plastic Products and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1376.60 Crore, up .01 % from last quarter Total Income of Rs 1376.40 Crore and up 8.75 % from last year same quarter Total Income of Rs 1265.80 Crore. Company reported net profit after tax of Rs 113.30 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.1 per cent stake in the company as of 31-Dec-2023, while FIIs owned 19.79 per cent, DIIs 13.57 per cent.