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'Buy' Astral Shares Maintains Motilal Oswal, Sees Upto 21% Upside — Check Target Price
With significant capex done recently, antidumping duty support and capacity doubling Astral's profitability is set to improve, adds Motilal Oswal.
30 Sep 2025, 11:18 AM IST 
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The anti-dumpping duty is expected to improve realizations for Astral, resulting in improved margins.
(Photo source: Company website)
Astral plans to start its CPVC resin plant in Sep’26, leveraging low-cost operational capacity in India, where supply is currently limited. This backward integration is expected to boost margins, create barriers to entry for new competitors, and support the doubling of CPVC volumes over the next five years.
