? SANDEEP ENGINEER MANAGING DIRECTOR
What sets us apart is the incessant focus on quality and our commitment to serve ourcustomers with the products that match international standards. We strive to provideproducts that meet various piping requirement in different building construction segments.As the building construction category is set to witness unprecedented growth both pipingand adhesive businesses are expected to rapidly grow. The new GST regime also will helpstreamline taxation and simplify commercial transactions.
Adding new production capacities and expanding existing capacities are priorityobjectives not only in India but in UK and USA too. Given the new opportunities andchallenges we remain optimistic and lay down a marker for brighter better future.
? $1 Billion Market Cap Journey
Message from Hiranand Savlani CFO
The success story behind the Billion $ journey which we have achieved in last decade ismainly because of the constant focus on right way of allocation of capital. Focus on thenew products and businesses which have high assets turn and better ROC and should generatethe free cash flow for its growth. Even in future also our strategy will be to focus onnew products & businesses which will generate free cash flows for company and highreturns for our shareholders. We are very positive about our new segment of Sealant andAdhesives and will be the next growth driverforthe company and will generate wealth forthestakeholders in the coming decade as we did for the pipes in the last decade.
? Message from
Kairav Engineer & Saumya Engineer
We congratulate and thank everyone associated with Astral. It has been a tremendousjourney so far and we are ready for the next big leap. Lot of exciting things have beenhappening at Astral and we are sure that we can live up to the shareholder expectations.Both the businesses are witnessing tremendous growth and change and are shaping up underthe able guidance of the seniors. With new facilities coming up the existing ones underexpansion new products in the pipe line backward integrations we are really excitedforthe coming decade. India has revolutionized its tax structure with GST and theconstruction industry with measures such as RERA and affordable housing. We are committedto working hard and ensuring that Astral becomes a name to reckon with in the buildingmaterials industry.
Along with investors and customers we at Astral also realize our responsibilitytowards the country. Therefore 'Make in India' initiative holds lot of importance for us.In the year 2016 Astral Pipes initiated the process of compounding its own raw materialfor CPVC Products. This backward integration helps Astral to make world class CPVC pipesand fittings in India. With this made in India compound. Astral manufactures three worldclass CPVC products used for different piping requirements:
1. Astral CPVC Pro: For Hot and Cold Water Plumbing Systems.
2. Astral Chem Pro: For Industrial Piping.
3. Astral Fire Pro: For Automatic Fire Sprinkler Systems.
Astral Pipes also launched Silencio a world class low noise drainage systemcontributing to Make in India. Astral Silencio's low noise properties and other uniquefeatures are second to none across the piping industry. In addition Astral Pipes iscommitted to address the demand of agriculture related products with our best in categorypipes like Astral Bore-Well Astral Aquasafe and Astral Case-Well.