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Shareholders of Astral will receive one equity share of Astral Chemie with a face value of Re 1 for every one equity share of Astral held.
The company said the restructuring will enable the plumbing and chemicals businesses to operate independently allowing their respective management teams to pursue focused growth strategies, capacity expansion, product development, market expansion, acquisitions and strategic collaborations.
Further, the board also approved the amalgamation of Al-Aziz Plastics, a wholly owned subsidiary engaged in the manufacture of electrofusion fittings, compression fittings, saddles, electrical fittings and allied products, with Astral.
The amalgamation will enable the integration of its manufacturing facilities and capabilities, products, and customer relationships with the Plumbing Business, while also reducing legal and regulatory compliances burden and related administrative costs.
Sandeep Engineer, managing director of Astral said, “Today marks an important milestone in Astral’s journey. Over the years, we have built strong and scalable platforms across plumbing, adhesives, sealants, construction chemicals, paints and coatings, each with its own operating model, capital requirements, market opportunities and strategic priorities. We believe these businesses have now reached a stage where dedicated leadership, greater accountability, sharper strategic focus and independent capital allocation can meaningfully accelerate their next phase of growth.
The proposed demerger will bring Astral’s adhesives, sealants and construction chemicals together with paints and coating businesses under Astral Chemie, creating a focused chemicals platform with significant opportunities to leverage common strengths in research and development, manufacturing, procurement, branding and distribution. At the same time, Astral will be able to deepen its focus on the core Plumbing Business, while the amalgamation of AlAziz Plastics will further integrate complementary products and capabilities, thereby strengthening Astral’s product portfolio, manufacturing capabilities and ability to offer more comprehensive solutions to our customers.”
Astral is one of India's leading building materials companies, with a diversified presence across essential construction and infrastructure product categories. Starting with a focused offering in pipes and fittings, the company has, over the years, systematically expanded its portfolio to include adhesives, sealants, water storage solutions, bathware, valves, paints, construction chemicals, and infrastructure products.
The company reported an 18.79% year-on-year increase in consolidated net profit to Rs 213 crore for Q4 FY26, compared with Rs 179.3 crore in Q4 FY25. Revenue from operations jumped 24.21% YoY to Rs 2,088.5 crore in Q4 FY26.
Persistent Systems Ltd, Astral Ltd, Supreme Industries Ltd and Alkyl Amines Chemicals Ltd are among the other losers in the BSE's 'A' group today, 29 June 2026.
Netweb Technologies India Ltd tumbled 10.66% to Rs 4417 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.36 lakh shares were traded on the counter so far as against the average daily volumes of 1.88 lakh shares in the past one month.
Persistent Systems Ltd crashed 10.16% to Rs 4348.75. The stock was the second biggest loser in 'A' group.On the BSE, 3.33 lakh shares were traded on the counter so far as against the average daily volumes of 52057 shares in the past one month.
Astral Ltd lost 8.23% to Rs 1364. The stock was the third biggest loser in 'A' group.On the BSE, 1.46 lakh shares were traded on the counter so far as against the average daily volumes of 29362 shares in the past one month.
Supreme Industries Ltd plummeted 6.80% to Rs 3191. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.41 lakh shares were traded on the counter so far as against the average daily volumes of 25216 shares in the past one month.
Alkyl Amines Chemicals Ltd slipped 6.51% to Rs 1672.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 3880 shares were traded on the counter so far as against the average daily volumes of 12576 shares in the past one month.
EBITDA stood at Rs 400.2 crore during the quarter, registering a growth of 28.8% compared with the year-ago period. EBITDA margin improved to 19.2% in Q4 FY26 from 18.5% in Q4 FY25.
Profit before exceptional items and tax increased 28.04% YoY to Rs 302.7 crore, while the company reported exceptional items of Rs 6.1 crore during the quarter.
In the paints and adhesives business, revenue from operations rose 21.9% YoY to Rs 554.3 crore. However, segment EBITDA declined 20% YoY to Rs 48.3 crore, with margins narrowing to 8.7% from 13.3% in Q4 FY25.
The plumbing business reported revenue of Rs 1,534.2 crore, up 25.1% YoY. Segment EBITDA surged 40.5% YoY to Rs 351.9 crore, while the margin improved to 22.9% from 20.4% in the corresponding quarter last year. Sales volume increased 24.2% YoY to 84,041 metric tonnes.
Astral said consolidated cash and bank balances stood at Rs 943.3 crore as of 31 March 2026. During FY26, the company incurred capex of Rs 328.4 crore on a standalone basis and Rs 372.9 crore on a consolidated basis.
Meanwhile, the board recommended a final dividend of Rs 2.50 per equity share of face value Re 1 each for FY26, subject to shareholders’ approval at the ensuing Annual General Meeting (AGM). The company said details regarding the AGM and dividend payment date will be announced in due course.
The board also approved the re-appointment of Sandeep Engineer as managing director for a further term of five years from 1 April 2027 to 31 March 2032, subject to shareholders’ approval at the upcoming AGM.
The counter dropped 5.38% to Rs 1,462.80 on the BSE.
TD Power Systems Ltd, KRN Heat Exchanger and Refrigeration Ltd, Jai Balaji Industries Ltd and KEC International Ltd are among the other losers in the BSE's 'A' group today, 19 May 2026.
Astral Ltd crashed 6.10% to Rs 1451.55 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 27992 shares in the past one month.
TD Power Systems Ltd tumbled 6.04% to Rs 1246.4. The stock was the second biggest loser in 'A' group.On the BSE, 2.64 lakh shares were traded on the counter so far as against the average daily volumes of 2.14 lakh shares in the past one month.
KRN Heat Exchanger and Refrigeration Ltd lost 5.00% to Rs 1041.05. The stock was the third biggest loser in 'A' group.On the BSE, 9933 shares were traded on the counter so far as against the average daily volumes of 56751 shares in the past one month.
Jai Balaji Industries Ltd shed 4.62% to Rs 77.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 48751 shares were traded on the counter so far as against the average daily volumes of 3.25 lakh shares in the past one month.
KEC International Ltd fell 4.12% to Rs 467.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.64 lakh shares were traded on the counter so far as against the average daily volumes of 1.79 lakh shares in the past one month.
For the full year,net profit rose 2.08% to Rs 534.70 crore in the year ended March 2026 as against Rs 523.80 crore during the previous year ended March 2025. Sales rose 12.62% to Rs 6568.60 crore in the year ended March 2026 as against Rs 5832.40 crore during the previous year ended March 2025.
The counter shed 0.32% to end at Rs 1,545.90 on the BSE.