Astral stock raises its FY27 paint growth target to 30 percent
Published on 10/07/2026 at 02:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Astral stock, issued by Astral Limited (ISIN INE006I01046), raised its FY27 paint growth target to 30 percent. Sahi Markets reported the upgrade on September 29, 2026, alongside a paint price increase that began October 1, 2026.
Paint growth reaches 30 percent
The revised target lifts the paint division from its previous FY27 growth range of 20-25 percent. Q1 FY27 paint revenue rose 48.7 percent year on year to INR 745 million, and the division reached EBITDA breakeven, according to Sahi Markets.
The price increase gives Astral a direct lever against petrochemical cost volatility, but the paint business remains smaller than the plumbing operation. Execution in distribution, pricing and margins will determine whether the upgraded target translates into consolidated earnings.
Q1 revenue rose 15.9 percent
In Q1 FY27, Astral reported consolidated operating income of INR 15.78 billion, up 15.9 percent year on year, while EBITDA rose 25 percent to INR 2.312 billion. The EBITDA margin was 14.7 percent, based on the August 13, 2026 review from DSIJ.
Plumbing and bathware revenue increased 10.1 percent to INR 10.505 billion, while its EBITDA margin expanded to 17.3 percent. July pipe volume growth reached 40 percent year on year after demand recovered from weaker April conditions, according to DSIJ.
Consensus target stays above the stock
The analyst consensus is Buy, based on 29 analysts, with 24 Buy ratings, 3 Holds and 2 Sells. Investing.com lists an average 12-month target of INR 1,732.79, a high of INR 1,950 and a low of INR 1,450.
Against the October 6 NSE price of INR 1,402.30, the average target lies 23.6 percent above the price. The gap reflects the growth case, while valuation and raw-material volatility remain the main counterweights in the published research.
Stock gains 2.96 percent
Astral stock was last at INR 1,402.30 on the NSE on October 6, 2026, at 3:56 p.m. IST, up 2.96 percent from INR 1,362.10. The session volume was 359,782 shares, and the 52-week range was INR 1,311.60 to INR 1,768.70.
Astral stock facts
- Company: Astral Limited
- ISIN: INE006I01046
- Ticker: ASTRAL
- Trading venue: NSE
- Price (as of October 6, 2026, 3:56 p.m. IST): INR 1,402.30
- Market capitalization: INR 376.7 billion (as of October 6, 2026)
- 52-week range: INR 1,311.60-1,768.70 (as of October 6, 2026)
- Sector / Industry: Plastic Products / Plastics, Tubes, Pipes, Hoses and Fittings
