Annual Report Highlights No : 14
#AstralLtd FY 22 Annual Report Highlights
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#AstralLtd FY 22 Annual Report Highlights
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Astral is a leading manufacturer of Chlorinated Poly Vinyl Chloride (CPVC) and Poly Vinyl Chloride
(PVC) plumbing systems for residential and industrial use. It has also expanded into the adhesives
and sealants segment, infrastructure products, and water tanks.
(PVC) plumbing systems for residential and industrial use. It has also expanded into the adhesives
and sealants segment, infrastructure products, and water tanks.
Astral has a distribution network of 180000+ dealers and 2,535+ distributors gives them a strong
competitive advantage.
Astral has 8 manufacturing facilities for piping, 5 for water tanks and 5 for adhesives and sealants
competitive advantage.
Astral has 8 manufacturing facilities for piping, 5 for water tanks and 5 for adhesives and sealants
(including 1 each in UK and USA) with total capacity of 370802 MTPA.
The Company intends to make strong inroads into the paints, faucets and sanitaryware segments
this year, transforming itself into a comprehensive home building material player.
The Company intends to make strong inroads into the paints, faucets and sanitaryware segments
this year, transforming itself into a comprehensive home building material player.
FY 22 Highlights
Entering Paints Business
Board meeting held on April 29, 2022, approved to acquire 51% controlling equity stake in
the operating paint business of Gem Paints Private Limited.
Entering Paints Business
Board meeting held on April 29, 2022, approved to acquire 51% controlling equity stake in
the operating paint business of Gem Paints Private Limited.
Existing capacity of 36000 KL can accommodate threefold increase in volume without
additional capex.
Astral can leverage its existing distribution network to drive growth in this segment.
additional capex.
Astral can leverage its existing distribution network to drive growth in this segment.
Entering Faucets and Sanitary ware
Astral is taking significant strides to become a comprehensive home building materials
company.
Beginning from June 2022, Company also started marketing faucets and sanitary ware under
the brand name Astral.
Astral is taking significant strides to become a comprehensive home building materials
company.
Beginning from June 2022, Company also started marketing faucets and sanitary ware under
the brand name Astral.
Astral have acquired a ready facility on asset purchase basis at Jamnagar to manufacture
faucets.
The Company anticipate that these two new product categories along with other newly
launched products will add ₹ 1500 crores to top line over the next five years with no
faucets.
The Company anticipate that these two new product categories along with other newly
launched products will add ₹ 1500 crores to top line over the next five years with no
additional CAPEX.
Scheme of Amalgamation
Merger of Resinova Chemie limited and Astral Biochem Pvt Ltd with the company has been
approved by the board, creditors, shareholders and stock exchanges. The matter is pendig
with NCLT.
Scheme of Amalgamation
Merger of Resinova Chemie limited and Astral Biochem Pvt Ltd with the company has been
approved by the board, creditors, shareholders and stock exchanges. The matter is pendig
with NCLT.
Branding
Company announced its partnership with three teams in the Indian Premier League –
Chennai Super Kings, Gujarat Titans and Mumbai Indians.
Astral was official sponsor of Chennai Super Kings, and associate sponsor of Gujarat Titans
and Mumbai Indians.
Company announced its partnership with three teams in the Indian Premier League –
Chennai Super Kings, Gujarat Titans and Mumbai Indians.
Astral was official sponsor of Chennai Super Kings, and associate sponsor of Gujarat Titans
and Mumbai Indians.
Astral Pipes featured Ranveer Singh for its TV commercial.
Company also engaged with users on social media to enhance brand visibility.
Company also engaged with users on social media to enhance brand visibility.
Financials
Revenue: 4394 crores (38.3% YoY Growth)
Volume: 149,569 M.T. (136,593 M.T. in FY 21)
EBITDA: 788.3 crores (18.9% YoY Growth)
EBITDA Margin 17.94% (down from 20.86%)
Capital Expenditure: 306.1 Crore
Capital expenditure (India): 215.1 Crore
Revenue: 4394 crores (38.3% YoY Growth)
Volume: 149,569 M.T. (136,593 M.T. in FY 21)
EBITDA: 788.3 crores (18.9% YoY Growth)
EBITDA Margin 17.94% (down from 20.86%)
Capital Expenditure: 306.1 Crore
Capital expenditure (India): 215.1 Crore
Capacity Increase (India): 346686 M.T. (322294 M.T in FY 21)
Segment Revenue
Pipes Business
Revenue: 3365.8 Crores (39.15% YoY Growth)
EBITDA: 662.4 Crores
EBITDA Margin: 19.2%
Segment Revenue
Pipes Business
Revenue: 3365.8 Crores (39.15% YoY Growth)
EBITDA: 662.4 Crores
EBITDA Margin: 19.2%
Adhesives
Revenue: 1028.2 Crores (37.39% YoY Growth)
EBITDA: 128.7 Crores
EBITDA Margin: 12.8%
Revenue: 1028.2 Crores (37.39% YoY Growth)
EBITDA: 128.7 Crores
EBITDA Margin: 12.8%
Inflationary Pressure
Inflationary pressures began building up in FY21 and largely persisted through FY22. As a
result, prices of key inputs touched all-time highs while exhibiting significant volatility in the
interim.
Inflationary pressures began building up in FY21 and largely persisted through FY22. As a
result, prices of key inputs touched all-time highs while exhibiting significant volatility in the
interim.
Astral took a tactical call to face the inflation in specific categories to strengthen
competitiveness, and aggressively pursue market share.
This has resulted in decline of Operating Margin.
competitiveness, and aggressively pursue market share.
This has resulted in decline of Operating Margin.
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