Astral Ltd – Buy Recommendation by Mirae Asset Sharekhan
Brokerage: Mirae Asset Sharekhan
Recommendation: BUY
Target Price: ₹1,643
Key Highlights:
- DGTR recommends anti-dumping duty on PVC resin imports, expected to stabilize resin prices and support volume growth.
- Management expects FY26 margins of 16–18% for plumbing and 14–16% for adhesives, indicating steady profitability.
- Adhesives revenue projected to grow 15–16% YoY, reflecting strong demand and product diversification.
- Stable input costs and positive regulatory developments enhance medium-term growth visibility.
Analyst Insight: With PVC prices likely stabilizing and both plumbing and adhesives segments showing healthy margins, Astral Ltd presents a favorable risk-reward scenario for investors looking for steady growth in building materials and industrial adhesives.
Impact: Positive ↑ – Growth outlook, stable input costs, and strong management guidance support current valuation and target price.
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