Established in 1999.
Manufactures plumbing system and fittings for residential and industrial segments.
Speciality process LLC (USA) holds 14% stake in Astral : manufactures Advanced CPVC Plumbing system.
Sells products in India, Nepal, Bhutan, Bangladesh and SriLanka.
Licensee of Lubrizol of US : in May 2012 commenced trial production of Bendable Pipes: for the first time in the world.
In FY 2006 Debt equity ratio was 1.27
In FY 2012, Debt equity ratio is 0.42 times.
But capacity increased by 5 times.
Only listed CPVC company.
Excellent stock to invest in.
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