In the vibrant landscape of India’s manufacturing prowess, the story of Astral Limited unravels – a tale of pipes, innovation and business acumen. Let us take a look back, circa 1996, when Sandeep Engineer, a visionary entrepreneur founded Astral in Ahmedabad.
As Astral expanded its product portfolio, the year 2011 marked a significant milestone. The acquisition of Seat It Services Limited solidified Astral’s position in the adhesives and construction chemicals sector.
The years that followed saw the company spread its wings globally.
However, the corporate journey is seldom without challenges. The economic shifts and the global pandemic posed hurdles for Astral.
In order to sail through this, the company exercised resilience, adapted to the changing circumstances and reinforced their commitment to product excellence.
Today, Astral is a Billion dollar conglomerate, with Sandeep Engineer at the helm of the company.
Astral Limited’s revenue is consistently on an upward trajectory.
The subsidiaries of Astral Limited are as follows:
- Astral Adhesives
- Astral Bathware
- Astral Pipes
- Gem Paints
- Resinova Chemie
- Rex Polyextrusion
- Seal It Services
The product line encompasses varieties of adhesives, bathware, CPVC pipes, paints and PVC pipes.
Its factories are located in Gujarat, Tamil Nadu, Rajasthan, Maharashtra, Uttarakhand and Odisha.
As at 31st March 2023, Astral Limited had the capacity to manufacture 4,27,611 MTPA (Million Tonnes Per Annum) for both water tanks and pipes. The dealer network of Astral is 1.93 lakhs, while the company has 383 Bathware showrooms and display centres.
In addition, Astral had a combined adhesive manufacturing capacity of 95,980 MTPA factories that are local as well as in the United States and United Kingdom.
Astral Share Price History
Year | Share Price | Gain / Loss |
---|---|---|
2007 | ₹ 9.60 | |
2008 | ₹ 3.00 | - 68.8% |
2009 | ₹ 8.10 | + 170.0% |
2010 | ₹ 14.60 | + 80.2% |
2011 | ₹ 11.60 | - 20.5% |
2012 | ₹ 31.80 | + 174.1% |
2013 | ₹ 74.30 | + 133.6% |
2014 | ₹ 176.80 | + 138.0% |
2015 | ₹ 197.30 | + 11.6% |
2016 | ₹ 176.80 | - 10.4% |
2017 | ₹ 377.80 | + 113.7% |
2018 | ₹ 509.60 | + 34.9% |
2019 | ₹ 661.70 | + 29.8% |
2020 | ₹ 1,005.30 | + 51.9% |
2021 | ₹ 1,713.40 | + 70.4% |
2022 | ₹ 1,466.90 | - 14.4% |
2023 | ₹ 1,911.00 | + 30.3% |
2024 | ₹ 1,768.50 | - 7.5% |
Astral Share Price Chart
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- During 2007, the share price of Astral was ₹ 9.6.
- If you had bought shares worth ₹ 2500 in 2007, you would have 2604 shares today.
- At the end of 2024, the current value of your shares would be ₹ 4605469.
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