Astral Poly Technik Q4 Review - Healthy Margins, Story Remains Intact: Dolat Capital

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Dolat Capital Report

Astral Poly Technik Ltd.'s Q4 FY21 numbers were above our estimates on revenue front and profitability front.

Volume growth of 25.8% YoY and 15.3% QoQ in pipe segment with opening up of metro cities, new product introduction and robust distribution network.

Pipes business showed a positive growth YoY from September 2020 onwards.

Adhesive segment from the month of July showed a positive growth and the growth story has continued with positive response.

Margins on a full year showed growth as structural changes of eliminating stockists was undertaken.

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