PVC pipes, paints and adhesives manufacturer Astral had a strong performance and confident guidance thus far in the 2023-24 financial year (FY24). A good agricultural season, coupled with rebound in
Astral's high growth prospects reflect well in its high valuation
After gaining 40% already in FY24, the stock is trading at a PE of over 100x
 "Astral-Poly")
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The high-profile stock is, however, very highly valued with a current PE ratio of over 100x
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Topics : Astral Poly Technik PVC pipe EBITDA
First Published: Jun 5 2023 | 8:56 PM IST
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