ICICI Securities research report on Astral Poly TechnikDespite a substantial volume loss witnessed in Mar’20 due to nationwide lockdown, Astral Poly Technik (ASTRA) is possibly witnessing a phase of meteoric rise in its margin trajectory. The all-time high Q4FY20 EBIDTA margin, which the management clarified was without any one-offs, is largely attributed to strong gross margin expansion in both the product segments – which were led by the company’s backward integration drive, decentralisation efforts and increasing share of VAPs.OutlookBesides the rising margin trajectory, the sustained focus on strengthening the balance sheet and likelihood of the company being one of the biggest beneficiaries of market share gains in the plumbing pipe segment, ASTRA’s recovery in earnings could be much earlier than anticipated. Upgrade to BUY.click hereDisclaimer: 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.Moneycontrol Ready ReckonerNow that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.Download a copy Get best insights into Options Trading. Join… Read full this story
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