Street View- India's Astral gains share in weak pipes market despite margin pressure

Astral

13/08/2026 05:21

** India's Astral ASTL.NS posted a 48% y/y rise in first-quarter profit to 1.20 billion rupees ($12.58 million), while revenue rose ~16%
** Shares of co jump 8.31% to 1,587.30 rupees
     
MARKET-SHARE GAINS OFFSET MARGIN CONCERNS
** Motilal Oswal ("Buy", TP:1,697 rupees) says co delivered strong performance in pipes and gained market share despite weak sector demand, but margins in adhesives and paints remained under pressure
** BOB Capital Markets ("Buy", TP:1,690 rupees) says flat pipe volumes in the market that contracted about 9%-10% imply continued market-share gains, though it cut FY27/FY28 earnings estimates on near-term margin pressure
** AMSEC ("Buy", TP:1,800 rupees) says resilient pipe volumes and margin expansion helped the co, but expects raw-material inflation to weigh on profitability in the near term
** Ambit Capital ("Buy", TP:1,790 rupees) says market-share gains remain intact, but sees earnings growth dependent on execution of capacity additions 
     
($1 = 95.3550 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))