IES's research report on Astral Poly TecAstral Poly Technik Ltd. (Astral) has established itself as one of the most innovative manufactures of CPVC and PVC pipes/plumbing systems in India and internationally. Over the years the company has been pursuing innovation led growth opportunities by expanding into bore-well, agricultural and electrical ducting pipes. Astral is also Lubrizol’s sole licensee for Blazemaster, Bendable and Corzan pipes. Over the years Astral has commanded huge valuation premium above peers and many investors have been debating the reasons for the same and have actually missed participating in the spectacular growth story of Astral. We were the lucky few who had high conviction in Astral growth story at the initial stages. Some of the recent developments at Astral give us confidence that the company is getting ready for the next big opportunity and hence we are re-initiating our coverage on Astral in order to present our perspective on the transformation that Astral is aiming to achieve and the opportunities it offers for equity investors.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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