Astral Ltd Stock Update: Buy Recommendation & Target Price

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.