Share the post "ASTRAL LIMITED Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
ASTRAL LIMITED has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 14.53 | 14.53 | 54.1 | 54.1 | 0 |
| Public | 12.33 | 12.33 | 12.45 | 11.83 | -0.62 % |
| DII | 3.67 | 3.45 | 13.66 | 12.85 | -0.81 % |
| FII | 5.32 | 5.70 | 19.79 | 21.22 | +1.43 % |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 54.1% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public decreased from 12.45% in December 2023 to 11.83% in March 2024.This reduction indicates that the public’s stake in the company diminished during this period.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 13.66% in December 2023 to 12.85% in March 2024 , indicating that domestic institutions reduced their -0.81 stake in the company.FIIs (Foreign Institutional Investors): There was a significant increase from 19.79% in December 2023 to 21.22% in March 2024. This suggests that foreign institutions grew their investments 1.43 in the company during the quarter. During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 2.360 | 2.217 | 8.79 | 8.25 | -0.54 % |
| Non Resident Indians (NRIs) | 0.173 | 0.166 | 0.64 | 0.62 | -0.02 % |
| Bodies Corporate | 0.178 | 0.168 | 0.66 | 0.62 | -0.04 % |
| Any Other (specify) | 0.105 | 0.098 | 0.39 | 0.36 | -0.03 % |
| Trusts | 0.006 | 0.002 | 0.02 | 0.01 | -0.01 % |
| HUF | 0.090 | 0.085 | 0.33 | 0.32 | -0.01 % |
| Clearing Members | 0.009 | 0.010 | 0.03 | 0.04 | + 0.01 % |
Observations indicate a sizeable -0.54 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.02 % variance in Non Resident Indians (NRIs)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.04 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.03 % variance in Any Other (specify)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.01 % variance in Trusts’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.01 % variance in HUF’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Clearing Members lifts the bar with a remarkable 0.01 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 2.252 | 2.131 | 8.38 | 7.93 | -0.45 % |
| UTI-UNIT LINKED INSURANCE PLAN | 0 | 0.530 | 0 | 1.97 | +1.97% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON POWER & INFRA FUND | 0 | 0.292 | 0 | 1.09 | +1.09% |
| AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND | 0 | 0.800 | 0 | 2.98 | +2.98% |
| Alternate Investment Funds | 0.199 | 0.182 | 0.74 | 0.68 | -0.06 % |
| Banks | 0.025 | 0.006 | 0.09 | 0.02 | -0.07 % |
| Insurance Companies | 0.899 | 0.825 | 3.35 | 3.07 | -0.28 % |
| Provident Funds/ Pension Funds | 0.296 | 0.308 | 1.1 | 1.15 | + 0.05 % |
| NPS TRUST-A/C SBI PENSION FUND SCHEME TAX SAVER-TIER 2 | 0.296 | 0.308 | 1.1 | 1.15 | + 0.05 % |
| UTI NIFTY MIDCAP 150 ETF | 0.514 | 0 | 1.91 | 0 | -1.91% |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS ARBITRAGE FUND | 0.912 | 0 | 3.4 | 0 | -3.4% |
Mutual Funds/ decreased their stake from 7.93% in the previous quarter to 8.38% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.45 %.Alternate Investment Funds decreased their stake from 0.68% in the previous quarter to 0.74% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.06 %.Banks decreased their stake from 0.02% in the previous quarter to 0.09% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.07 %.Insurance Companies decreased their stake from 3.07% in the previous quarter to 3.35% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.28 %.The latest quarter saw a considerable enhancement in profitability for Provident Funds/ Pension Funds, reflecting an uptick of 0.05 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for NPS TRUST-A/C SBI PENSION FUND SCHEME TAX SAVER-TIER 2, reflecting an uptick of 0.05 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.UTI-UNIT LINKED INSURANCE PLAN had no shares in the previous quarter but now holds 1.97% of shares in the current quarter.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON POWER & INFRA FUND had no shares in the previous quarter but now holds 1.09% of shares in the current quarter.AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND had no shares in the previous quarter but now holds 2.98% of shares in the current quarter.UTI NIFTY MIDCAP 150 ETF had 1.91% of shares in the previous quarter but exited in the current quarter.AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS ARBITRAGE FUND had 3.4% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 5.253 | 5.634 | 19.56 | 20.97 | + 1.41 % |
| STEADVIEW CAPITAL MAURITIUS LIMITED | 0.650 | 0.509 | 2.42 | 1.89 | -0.53 % |
| GOVERNMENT OF SINGAPORE | 0 | 0.376 | 0 | 1.4 | +1.4% |
| Foreign Portfolio Investors Category II | 0.062 | 0.068 | 0.23 | 0.25 | + 0.02 % |
During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category I, which experienced a significant increase of 1.41 % in net profit.Profitability dwindled by -0.53 % for STEADVIEW CAPITAL MAURITIUS LIMITED in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.02 % in net profit.GOVERNMENT OF SINGAPORE had no shares in the previous fiii quarter but now holds 1.4% of shares in the current quarter.
17
3-Year Profit
31
5-Year Profit
22
10-Year Profit
1,900
Current Price
51,026
Market Cap
For the company identified by BSE code 532830, the financial performance highlights a solid five-year profit of 31 percents. This figure escalates to 17 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 15 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 23 percents but has since plummeted to 0 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 27 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
The company currently holds a market cap of ₹51,026 crore, with its stock trading at ₹1,900. Historically, the stock has fluctuated between ₹2,454 / 1,739, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 93.6, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹119, which offers insight into the company's intrinsic worth, while its dividend yield of 0.20% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 23.2%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 18.0%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 0.04, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹79.9 crore raises concerns about its liquidity position. The Piotroski score of 6.00 reflects the company’s overall financial health, while the Graham Number of ₹233 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 16.0 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
