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class="vector-toc-numb">5</span> <span>Marketing</span> </div> </a> <ul id="toc-Marketing-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Controversies" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Controversies"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Controversies</span> </div> </a> <ul id="toc-Controversies-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon 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.hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">For the defunct Canadian conglomerate, see <a href="/wiki/Astral_Media" title="Astral Media">Astral Media</a>.</div> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Astral Limited</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Astral_(company)_Logo.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/4/4e/Astral_%28company%29_Logo.png/220px-Astral_%28company%29_Logo.png" decoding="async" width="220" height="42" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/4/4e/Astral_%28company%29_Logo.png 1.5x" data-file-width="250" data-file-height="48" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public" title="Public">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a>: <a rel="nofollow" class="external text" href="https://www.bseindia.com/stock-share-price/x/y/532830/">532830</a><br /><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a>: <a rel="nofollow" class="external text" href="https://www.nseindia.com/get-quotes/equity?symbol=ASTRAL">ASTRAL</a></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/International_Securities_Identification_Number" title="International Securities Identification Number">ISIN</a></th><td class="infobox-data"><span class="plainlinks"><a class="external text" href="https://isin.toolforge.org/?language=en&isin=INE006I01046">INE006I01046</a></span></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Building_materials" class="mw-redirect" title="Building materials">Building materials</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">1996</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data adr"><div class="ib-company-locality locality"><a href="/wiki/Ahmedabad" title="Ahmedabad">Ahmedabad</a></div>, <div class="ib-company-country country-name">India</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Sandeep Engineer (managing director)<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data">Adhesives, bathware, CPVC pipes, paints, PVC pipes</td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>5,641 crore</span> (US$680 million) (FY24)<sup id="cite_ref-fy24_2-0" class="reference"><a href="#cite_note-fy24-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>545 crore</span> (US$65 million) (FY24)<sup id="cite_ref-fy24_2-1" class="reference"><a href="#cite_note-fy24-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>2,758 crore</span> (US$330 million) (2022)<sup id="cite_ref-AR2021_3-0" class="reference"><a href="#cite_note-AR2021-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Equity_(finance)" title="Equity (finance)">Total equity</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>2,006 crore</span> (US$240 million) (2022)<sup id="cite_ref-AR2021_3-1" class="reference"><a href="#cite_note-AR2021-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiaries</a></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"> <ul><li>Astral Adhesives</li> <li>Astral Bathware</li> <li>Astral Pipes</li> <li>Gem Paints</li> <li>Resinova Chemie</li> <li>Rex Polyextrusion</li> <li>Seal It Services</li></ul> </div></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://astralltd.com/">astralltd<wbr />.com</a></span> <span class="mw-valign-text-top noprint" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q116784682#P856" title="Edit this at Wikidata"><img alt="Edit this at Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png 2x" data-file-width="20" data-file-height="20" /></a></span></td></tr><tr><td colspan="2" class="infobox-below"><b>Footnotes / references</b><br /><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup></td></tr></tbody></table> <p><b>Astral Limited</b> (formerly <b>Astral Poly Technik Limited</b>) is an Indian <a href="/wiki/Building_material" title="Building material">building materials</a> and equipment company based in <a href="/wiki/Ahmedabad" title="Ahmedabad">Ahmedabad</a> which makes <a href="/wiki/Chlorinated_polyvinyl_chloride" title="Chlorinated polyvinyl chloride">chlorinated polyvinyl chloride</a> and <a href="/wiki/Polyvinyl_chloride" title="Polyvinyl chloride">polyvinyl chloride</a> pipes.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 1996, Astral Poly Technik Limited was founded by Sandeep Engineer and later became known as Astral Pipes.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> At first, the company introduced industrial <a href="/wiki/Chlorinated_polyvinyl_chloride" title="Chlorinated polyvinyl chloride">CPVC</a> pipes in India by licensing the CPVC Resin procurement technology from <a href="/wiki/Lubrizol" title="Lubrizol">Lubrizol</a>.<sup id="cite_ref-:0_9-0" class="reference"><a href="#cite_note-:0-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> However, after three years, they shifted to the plumbing sector, where CPVC pipes became more popular than <a href="/wiki/Galvanized_Iron" class="mw-redirect" title="Galvanized Iron">galvanized Iron</a> (GI) pipes.<sup id="cite_ref-:0_9-1" class="reference"><a href="#cite_note-:0-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> In 2004, the company started offering lead-free <a href="/wiki/Polyvinyl_chloride" title="Polyvinyl chloride">polyvinyl chloride</a> pressure pipes. Following that, in the next few years, they diversified into other areas such as <a href="/wiki/Fire_sprinkler_system" title="Fire sprinkler system">fire sprinkler system</a>, Soil, Waste and Rainwater (SWR) pipes, underground pipes, and other related sectors.<sup id="cite_ref-:0_9-2" class="reference"><a href="#cite_note-:0-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p>In 2007, the company went public and had its shares listed on the <a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">National Stock Exchange of India</a> and <a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">Bombay Stock Exchange</a>.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p><p>The introduction of PVC pipe in 2013 marked the beginning of the business's expansion into the agricultural market.<sup id="cite_ref-:0_9-3" class="reference"><a href="#cite_note-:0-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> In 2016, it brought an end to its partnership with Lubrizol regarding the production of CPVC pipes<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> and began operations at its own CPVC compounding facility at Santej (<a href="/wiki/Gujarat" title="Gujarat">Gujarat</a>) in collaboration with <a href="/wiki/Sekisui_Chemical" title="Sekisui Chemical">Sekisui Chemical</a>.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Operations">Operations</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=2" title="Edit section: Operations"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>As of 31 March 2022, Astral had a total manufacturing capacity of 282,338 MTPA for both pipes and water tanks. It has factories which are located in Gujarat, <a href="/wiki/Tamil_Nadu" title="Tamil Nadu">Tamil Nadu</a>, Rajasthan, <a href="/wiki/Maharashtra" title="Maharashtra">Maharashtra</a>, Uttarakhand, and <a href="/wiki/Odisha" title="Odisha">Odisha</a>. In addition, Astral had a combined adhesive manufacturing capacity of 95,980 MTPA, with factories in Santej (Gujarat), Unnao, and Rania (Uttar Pradesh), as well as in the United States and United Kingdom.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p><p>The company has a distribution network of over 800 distributors in the plastic segment and over 1,800 distributors in the adhesive segment.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Financials">Financials</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=3" title="Edit section: Financials"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>According to the <a href="/wiki/DuPont_analysis" title="DuPont analysis">DuPont analysis</a> conducted in 2020, the company's <a href="/wiki/Current_ratio" title="Current ratio">current ratio</a> declined from 1.45% in 2015 to 1.27% in 2019.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> However, as of March 2022, it recovered and increased to 1.78%.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Mergers_and_acquisitions">Mergers and acquisitions</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=4" title="Edit section: Mergers and acquisitions"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Since 2014, Astral has acquired companies in India, the UK, and the US.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> </p> <ul><li>In 2014, the company acquired a <a href="/wiki/Kanpur" title="Kanpur">Kanpur</a>-based adhesive company Resinova Chemie for <span class="nowrap"><span style="white-space: nowrap">₹</span>2.13 billion</span> (US$26 million).<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup></li> <li>In 2018, Astral entered the infrastructure market with the acquisition of Rex Polyextrusion, which has its headquarters in Sangli, Maharashtra, and is a manufacturer of double-wall corrugated pipes.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup></li> <li>In 2022, the company acquired a majority 51 percent stake in Gem Paints for <span class="nowrap"><span style="white-space: nowrap">₹</span>1.94 billion</span> (US$23 million).<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> In the same year, the company implemented a capacity expansion project in Karnataka, resulting in the rise of annual capacity by 36,000 kiloliters.<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup></li> <li>In October 2022, Astral acquired 80% of UK-based adhesive and sealants maker Seal It Services Ltd for <span class="nowrap"><span style="white-space: nowrap">₹</span>440 million</span> (US$5.3 million).<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="Marketing">Marketing</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=5" title="Edit section: Marketing"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2017, as part of the <a href="/wiki/Swachh_Bharat_Mission" title="Swachh Bharat Mission">Swachh Bharat Mission</a>, a direct-to-digital advertisement was released by the company which garnered global attention by creating awareness about <a href="/wiki/Open_defecation" title="Open defecation">open defecation</a> and linking it with the issues of women's safety and <a href="/wiki/Gender-based_violence_in_India" class="mw-redirect" title="Gender-based violence in India">gender-based violence in India</a>.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Controversies">Controversies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=6" title="Edit section: Controversies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>In November 2021, the <a href="/wiki/Income_Tax_Department" title="Income Tax Department">Income Tax Department</a> conducted searches at approximately 40 locations across India belonging to Astral Limited and Ratnamani Metals and Tubes.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup></li> <li>In March 2023, a former employee and his son were involved in stealing data from the company's system and using it to conduct business separately with the company's clients, resulting in a loss of <span class="nowrap"><span style="white-space: nowrap">₹</span>50 million</span> (US$600,000) for the company.<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=7" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1">"How Astral Pipes' Sandeep Engineer became a mint-new billionaire"</a>. <i><a href="/wiki/Forbes_India" title="Forbes India">Forbes India</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421144432/https://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Forbes+India&rft.atitle=How+Astral+Pipes%27+Sandeep+Engineer+became+a+mint-new+billionaire&rft_id=https%3A%2F%2Fwww.forbesindia.com%2Farticle%2Freal-issue%2Fhow-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire%2F52953%2F1&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-fy24-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-fy24_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-fy24_2-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.business-standard.com/markets/news/astral-shares-crack-5-on-sluggish-q4-show-pat-margins-take-beating-124051800265_1.html">"Astral shares crack 5% on sluggish Q4 show; PAT, margins take beating"</a>. <i>Business Standard</i><span class="reference-accessdate">. Retrieved <span class="nowrap">20 May</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Business+Standard&rft.atitle=Astral+shares+crack+5%25+on+sluggish+Q4+show%3B+PAT%2C+margins+take+beating&rft_id=https%3A%2F%2Fwww.business-standard.com%2Fmarkets%2Fnews%2Fastral-shares-crack-5-on-sluggish-q4-show-pat-margins-take-beating-124051800265_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-AR2021-3"><span class="mw-cite-backlink">^ <a href="#cite_ref-AR2021_3-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-AR2021_3-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.moneycontrol.com/financials/astrallimited/balance-sheetVI/apt02">"Astral Limited Financial Statements"</a>. <a href="/wiki/Moneycontrol" class="mw-redirect" title="Moneycontrol">Moneycontrol</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230420100007/https://www.moneycontrol.com/financials/astrallimited/balance-sheetVI/apt02">Archived</a> from the original on 20 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Astral+Limited+Financial+Statements&rft.pub=Moneycontrol&rft_id=https%3A%2F%2Fwww.moneycontrol.com%2Ffinancials%2Fastrallimited%2Fbalance-sheetVI%2Fapt02&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.forbes.com/companies/astral/">"Astral | Company Overview & News"</a>. <i>Forbes</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230527095516/https://www.forbes.com/companies/astral/">Archived</a> from the original on 27 May 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">24 May</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Forbes&rft.atitle=Astral+%7C+Company+Overview+%26+News&rft_id=https%3A%2F%2Fwww.forbes.com%2Fcompanies%2Fastral%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGutgutia2023" class="citation book cs1">Gutgutia, Aaditya (10 January 2023). <a rel="nofollow" class="external text" href="https://books.google.com/books?id=RmumEAAAQBAJ&dq=%22Astral+Poly+Technik%22&pg=PT112"><i>The Polycycle Investor</i></a>. Manjul Publishing. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-93-90924-96-7" title="Special:BookSources/978-93-90924-96-7"><bdi>978-93-90924-96-7</bdi></a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230720165335/https://books.google.com/books?id=RmumEAAAQBAJ&dq=%22Astral+Poly+Technik%22&pg=PT112">Archived</a> from the original on 20 July 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">20 July</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+Polycycle+Investor&rft.pub=Manjul+Publishing&rft.date=2023-01-10&rft.isbn=978-93-90924-96-7&rft.aulast=Gutgutia&rft.aufirst=Aaditya&rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DRmumEAAAQBAJ%26dq%3D%2522Astral%2BPoly%2BTechnik%2522%26pg%3DPT112&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFManyalTaunk2022" class="citation web cs1">Manyal, Sanjay; Taunk, Hitesh (16 August 2022). <a rel="nofollow" class="external text" href="https://www.icicidirect.com/research/equity/astral-ltd/11581">"Astral Ltd 11581 - Research and Analysis Report - ICICIdirect"</a>. <i><a href="/wiki/ICICIdirect" class="mw-redirect" title="ICICIdirect">ICICI Direct</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421151114/https://www.icicidirect.com/research/equity/astral-ltd/11581">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=ICICI+Direct&rft.atitle=Astral+Ltd+11581+-+Research+and+Analysis+Report+-+ICICIdirect&rft.date=2022-08-16&rft.aulast=Manyal&rft.aufirst=Sanjay&rft.au=Taunk%2C+Hitesh&rft_id=https%3A%2F%2Fwww.icicidirect.com%2Fresearch%2Fequity%2Fastral-ltd%2F11581&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBelagali2019" class="citation web cs1">Belagali, Rayagond (1 March 2019). <a rel="nofollow" class="external text" href="http://lrc.acharyainstitutes.in:8080/jspui/bitstream/123456789/3401/1/A%20Study%20on%20Factors%20Influencing%20DealerG%c3%87%c3%96s%20Buying%20Behaviour%20Towards%20Sadanand%20PVC%20Pvt.%20Ltd.pdf">"Factors Influencing Dealer's Buying Behaviour Towards Sadanand PVC"</a> <span class="cs1-format">(PDF)</span>. <i><a href="/wiki/Acharya_Institute_of_Technology" class="mw-redirect" title="Acharya Institute of Technology">DSpace @ Acharya Institute of Technology</a></i>. p. 18. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421151712/http://lrc.acharyainstitutes.in:8080/jspui/bitstream/123456789/3401/1/A%20Study%20on%20Factors%20Influencing%20DealerG%C3%87%C3%96s%20Buying%20Behaviour%20Towards%20Sadanand%20PVC%20Pvt.%20Ltd.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=DSpace+%40+Acharya+Institute+of+Technology&rft.atitle=Factors+Influencing+Dealer%27s+Buying+Behaviour+Towards+Sadanand+PVC&rft.pages=18&rft.date=2019-03-01&rft.aulast=Belagali&rft.aufirst=Rayagond&rft_id=http%3A%2F%2Flrc.acharyainstitutes.in%3A8080%2Fjspui%2Fbitstream%2F123456789%2F3401%2F1%2FA%2520Study%2520on%2520Factors%2520Influencing%2520DealerG%25c3%2587%25c3%2596s%2520Buying%2520Behaviour%2520Towards%2520Sadanand%2520PVC%2520Pvt.%2520Ltd.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBobade2020" class="citation web cs1">Bobade, Pankaj (22 June 2020). <a rel="nofollow" class="external text" href="https://simplehai.axisdirect.in/app/index.php/insights/reports/downloadReport/file/Astral+Poly+Technik+Ltd+-++Initiating+Coverage+-+22062020_22-06-2020_08.pdf/type/fundamental">"Astral Poly Technik, Financial Analysis"</a>. <i><a href="/wiki/Axis_Direct" title="Axis Direct">Axis Securities Limited</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421145057/https://simplehai.axisdirect.in/app/index.php/insights/reports/downloadReport/file/Astral+Poly+Technik+Ltd+-++Initiating+Coverage+-+22062020_22-06-2020_08.pdf/type/fundamental">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Axis+Securities+Limited&rft.atitle=Astral+Poly+Technik%2C+Financial+Analysis&rft.date=2020-06-22&rft.aulast=Bobade&rft.aufirst=Pankaj&rft_id=https%3A%2F%2Fsimplehai.axisdirect.in%2Fapp%2Findex.php%2Finsights%2Freports%2FdownloadReport%2Ffile%2FAstral%2BPoly%2BTechnik%2BLtd%2B-%2B%2BInitiating%2BCoverage%2B-%2B22062020_22-06-2020_08.pdf%2Ftype%2Ffundamental&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-:0-9"><span class="mw-cite-backlink">^ <a href="#cite_ref-:0_9-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-:0_9-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-:0_9-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-:0_9-3"><sup><i><b>d</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMukherjea2016" class="citation book cs1">Mukherjea, Saurabh (17 August 2016). <a rel="nofollow" class="external text" href="https://books.google.com/books?id=UL3BDAAAQBAJ&dq=Astral+Sandeep+Engineer&pg=PA127">"Chapter 8: Astral Poly: To the Brink and Back"</a>. <i>The Unusual Billionaires</i>. India: <a href="/wiki/Penguin_Books" title="Penguin Books">Penguin UK</a>. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-93-86057-67-9" title="Special:BookSources/978-93-86057-67-9"><bdi>978-93-86057-67-9</bdi></a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230720165347/https://books.google.com/books?id=UL3BDAAAQBAJ&dq=Astral+Sandeep+Engineer&pg=PA127">Archived</a> from the original on 20 July 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">20 July</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=bookitem&rft.atitle=Chapter+8%3A+Astral+Poly%3A+To+the+Brink+and+Back&rft.btitle=The+Unusual+Billionaires&rft.place=India&rft.pub=Penguin+UK&rft.date=2016-08-17&rft.isbn=978-93-86057-67-9&rft.aulast=Mukherjea&rft.aufirst=Saurabh&rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DUL3BDAAAQBAJ%26dq%3DAstral%2BSandeep%2BEngineer%26pg%3DPA127&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFElearnmarkets" class="citation web cs1">Elearnmarkets. <a rel="nofollow" class="external text" href="https://www.elearnmarkets.com/school/units/the-unusual-billionaires/astral-poly">"Case Study: Astral Poly"</a>. <i>Elearnmarkets by StockEdge</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421142050/https://www.elearnmarkets.com/school/units/the-unusual-billionaires/astral-poly">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. 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Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.chittorgarh.com&rft.atitle=Astral+IPO+Details+%E2%80%93+IPO+Date%2C+Price%2C+GMP%2C+Analysis+%26+Review&rft_id=https%3A%2F%2Fwww.chittorgarh.com%2Fipo%2Fastral_ipo%2F62%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-12"><span class="mw-cite-backlink"><b><a href="#cite_ref-12">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.thehindubusinessline.com/companies/lubrizol-terminates-process-agreements-with-astral-poly/article64317074.ece">"Lubrizol terminates process agreements with Astral Poly"</a>. <i><a href="/wiki/Hindu_Business_Line" class="mw-redirect" title="Hindu Business Line">Hindu Business Line</a></i>. 16 August 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421140819/https://www.thehindubusinessline.com/companies/lubrizol-terminates-process-agreements-with-astral-poly/article64317074.ece">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Hindu+Business+Line&rft.atitle=Lubrizol+terminates+process+agreements+with+Astral+Poly&rft.date=2016-08-16&rft_id=https%3A%2F%2Fwww.thehindubusinessline.com%2Fcompanies%2Flubrizol-terminates-process-agreements-with-astral-poly%2Farticle64317074.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-13"><span class="mw-cite-backlink"><b><a href="#cite_ref-13">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDas2019" class="citation web cs1">Das, Abhijit Kumar (10 January 2019). <a rel="nofollow" class="external text" href="https://i.marketsmojo.com/pdf/research-report/201901/Astral.Poly_Geojit_070119.pdf">"Retail Equity Research: Astral Poly Technik Limited"</a> <span class="cs1-format">(PDF)</span>. <a href="/wiki/Geojit_Financial_Services" title="Geojit Financial Services">Geojit Financial Services</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421154526/https://i.marketsmojo.com/pdf/research-report/201901/Astral.Poly_Geojit_070119.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Retail+Equity+Research%3A+Astral+Poly+Technik+Limited&rft.pub=Geojit+Financial+Services&rft.date=2019-01-10&rft.aulast=Das&rft.aufirst=Abhijit+Kumar&rft_id=https%3A%2F%2Fi.marketsmojo.com%2Fpdf%2Fresearch-report%2F201901%2FAstral.Poly_Geojit_070119.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-14"><span class="mw-cite-backlink"><b><a href="#cite_ref-14">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFModi2022" class="citation web cs1">Modi, Krunal Pankajkumar (20 September 2022). <a rel="nofollow" class="external text" href="https://www.careratings.com/upload/CompanyFiles/PR/20092022062110_Astral_Limited.pdf">"CARE Ratings: Astral Limited"</a> <span class="cs1-format">(PDF)</span>. <i>CARE Ratings</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230610203546/https://www.careratings.com/upload/CompanyFiles/PR/20092022062110_Astral_Limited.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 10 June 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=CARE+Ratings&rft.atitle=CARE+Ratings%3A+Astral+Limited&rft.date=2022-09-20&rft.aulast=Modi&rft.aufirst=Krunal+Pankajkumar&rft_id=https%3A%2F%2Fwww.careratings.com%2Fupload%2FCompanyFiles%2FPR%2F20092022062110_Astral_Limited.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-15"><span class="mw-cite-backlink"><b><a href="#cite_ref-15">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFJohn_Meledan2022" class="citation web cs1">John Meledan, Joby (30 May 2022). <a rel="nofollow" class="external text" href="https://www.sharekhan.com/MediaGalary/StockIdea/Astral-3R-May30_2022.pdf">"Astral Poly Technik Limited: Focus on capacity utilization & new products scale up"</a> <span class="cs1-format">(PDF)</span>. <i><a href="/wiki/Sharekhan" title="Sharekhan">Sharekhan</a> by <a href="/wiki/BNP_Paribas" title="BNP Paribas">BNP Paribas</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230515075505/https://www.sharekhan.com/MediaGalary/StockIdea/Astral-3R-May30_2022.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 15 May 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">15 May</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Sharekhan+by+BNP+Paribas&rft.atitle=Astral+Poly+Technik+Limited%3A+Focus+on+capacity+utilization+%26+new+products+scale+up&rft.date=2022-05-30&rft.aulast=John+Meledan&rft.aufirst=Joby&rft_id=https%3A%2F%2Fwww.sharekhan.com%2FMediaGalary%2FStockIdea%2FAstral-3R-May30_2022.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-16"><span class="mw-cite-backlink"><b><a href="#cite_ref-16">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMohanasundariSundharesalingamNaveen_RajaSivaprakash2020" class="citation journal cs1">Mohanasundari, M; Sundharesalingam, P; Naveen Raja, S.; Sivaprakash, V.S. (2020). <a rel="nofollow" class="external text" href="https://lemma-tijdschriften.com/gallery/goj-1915.pdf">"USING DUPONT ANALYSIS TO ASSESS THE FINANCIAL PERFORMANCE OF THE SELECTED COMPANIES IN THE PLASTIC INDUSTRY IN INDIA"</a> <span class="cs1-format">(PDF)</span>. <i>Gedrag & Organisatie Review</i>. <b>33</b> (2): 2592–2600. <a href="/wiki/EISSN_(identifier)" class="mw-redirect" title="EISSN (identifier)">eISSN</a> <a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/1875-7235">1875-7235</a>. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a> <a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0921-5077">0921-5077</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230515074641/https://lemma-tijdschriften.com/gallery/goj-1915.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 15 May 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">20 July</span> 2023</span> – via <a href="/wiki/Amsterdam_University_Press" title="Amsterdam University Press">Amsterdam University Press</a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Gedrag+%26+Organisatie+Review&rft.atitle=USING+DUPONT+ANALYSIS+TO+ASSESS+THE+FINANCIAL+PERFORMANCE+OF+THE+SELECTED+COMPANIES+IN+THE+PLASTIC+INDUSTRY+IN+INDIA&rft.volume=33&rft.issue=2&rft.pages=2592-2600&rft.date=2020&rft.eissn=1875-7235&rft.issn=0921-5077&rft.aulast=Mohanasundari&rft.aufirst=M&rft.au=Sundharesalingam%2C+P&rft.au=Naveen+Raja%2C+S.&rft.au=Sivaprakash%2C+V.S.&rft_id=https%3A%2F%2Flemma-tijdschriften.com%2Fgallery%2Fgoj-1915.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-17"><span class="mw-cite-backlink"><b><a href="#cite_ref-17">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.moneycontrol.com/financials/astrallimited/ratiosVI/apt02">"Astral Limited Key Financial Ratios, Astral Limited Financial Statement & Accounts"</a>. <i>www.moneycontrol.com</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230517213119/https://www.moneycontrol.com/financials/astrallimited/ratiosVI/apt02">Archived</a> from the original on 17 May 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">15 May</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.moneycontrol.com&rft.atitle=Astral+Limited+Key+Financial+Ratios%2C+Astral+Limited+Financial+Statement+%26+Accounts&rft_id=https%3A%2F%2Fwww.moneycontrol.com%2Ffinancials%2Fastrallimited%2FratiosVI%2Fapt02&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-18"><span class="mw-cite-backlink"><b><a href="#cite_ref-18">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRavi2021" class="citation web cs1">Ravi, Rajesh (22 February 2021). <a rel="nofollow" class="external text" href="https://www.hdfcsec.com/hsl.docs/Astral%20-%20IC%20-%20HSIE-202102212208108672097.pdf">"Astral Poly Technik: An 'astr'onomical growth story"</a> <span class="cs1-format">(PDF)</span>. <i><a href="/wiki/HDFC_securities" title="HDFC securities">HDFC securities</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421142714/https://www.hdfcsec.com/hsl.docs/Astral%20-%20IC%20-%20HSIE-202102212208108672097.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=HDFC+securities&rft.atitle=Astral+Poly+Technik%3A+An+%27astr%27onomical+growth+story&rft.date=2021-02-22&rft.aulast=Ravi&rft.aufirst=Rajesh&rft_id=https%3A%2F%2Fwww.hdfcsec.com%2Fhsl.docs%2FAstral%2520-%2520IC%2520-%2520HSIE-202102212208108672097.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-19"><span class="mw-cite-backlink"><b><a href="#cite_ref-19">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.business-standard.com/article/companies/astral-poly-technik-acquires-76-stake-in-resinova-for-rs-213-crore-114112100801_1.html">"Astral Poly Technik acquires 76% stake in Resinova for Rs 213 cr"</a>. <i><a href="/wiki/Business_Standard" title="Business Standard">Business Standard</a></i>. 21 November 2021. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421143723/https://www.business-standard.com/article/companies/astral-poly-technik-acquires-76-stake-in-resinova-for-rs-213-crore-114112100801_1.html">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Business+Standard&rft.atitle=Astral+Poly+Technik+acquires+76%25+stake+in+Resinova+for+Rs+213+cr&rft.date=2021-11-21&rft_id=https%3A%2F%2Fwww.business-standard.com%2Farticle%2Fcompanies%2Fastral-poly-technik-acquires-76-stake-in-resinova-for-rs-213-crore-114112100801_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-20"><span class="mw-cite-backlink"><b><a href="#cite_ref-20">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSunkara2018" class="citation web cs1">Sunkara, Keshav (10 July 2018). <a rel="nofollow" class="external text" href="https://www.vccircle.com/pipe-maker-astral-poly-technik-to-acquire-rex-polyextrusion">"Pipe maker Astral Poly Technik to acquire Rex Polyextrusion"</a>. <i><a href="/wiki/VCCircle" title="VCCircle">VCCircle</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421143723/https://www.vccircle.com/pipe-maker-astral-poly-technik-to-acquire-rex-polyextrusion">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=VCCircle&rft.atitle=Pipe+maker+Astral+Poly+Technik+to+acquire+Rex+Polyextrusion&rft.date=2018-07-10&rft.aulast=Sunkara&rft.aufirst=Keshav&rft_id=https%3A%2F%2Fwww.vccircle.com%2Fpipe-maker-astral-poly-technik-to-acquire-rex-polyextrusion&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-21"><span class="mw-cite-backlink"><b><a href="#cite_ref-21">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/industry/cons-products/paints/astral-to-acquire-51-pc-stake-in-gem-paints-for-rs-194-cr/articleshow/91204545.cms">"Astral to acquire 51 pc stake in Gem Paints for Rs 194 cr"</a>. <i><a href="/wiki/The_Economic_Times" title="The Economic Times">The Economic Times</a></i>. 30 April 2022. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a> <a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0013-0389">0013-0389</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421143723/https://economictimes.indiatimes.com/industry/cons-products/paints/astral-to-acquire-51-pc-stake-in-gem-paints-for-rs-194-cr/articleshow/91204545.cms">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Astral+to+acquire+51+pc+stake+in+Gem+Paints+for+Rs+194+cr&rft.date=2022-04-30&rft.issn=0013-0389&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Findustry%2Fcons-products%2Fpaints%2Fastral-to-acquire-51-pc-stake-in-gem-paints-for-rs-194-cr%2Farticleshow%2F91204545.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-22"><span class="mw-cite-backlink"><b><a href="#cite_ref-22">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGudeAmonkar2023" class="citation web cs1">Gude, Archana; Amonkar, Jyoti (February 2023). <a rel="nofollow" class="external text" href="https://www.idbidirect.in/IDBIAdmin/Pdf/ASTRA-RR-30052022_Retail-31-May-2022-1259009124.pdf">"Astral Q4FY22 Result Review"</a> <span class="cs1-format">(PDF)</span>. <i><a href="/wiki/IDBI_Capital" class="mw-redirect" title="IDBI Capital">IDBI Capital</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230515071938/https://www.idbidirect.in/IDBIAdmin/Pdf/ASTRA-RR-30052022_Retail-31-May-2022-1259009124.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 15 May 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">15 May</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=IDBI+Capital&rft.atitle=Astral+Q4FY22+Result+Review&rft.date=2023-02&rft.aulast=Gude&rft.aufirst=Archana&rft.au=Amonkar%2C+Jyoti&rft_id=https%3A%2F%2Fwww.idbidirect.in%2FIDBIAdmin%2FPdf%2FASTRA-RR-30052022_Retail-31-May-2022-1259009124.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-23"><span class="mw-cite-backlink"><b><a href="#cite_ref-23">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDutta2014" class="citation news cs1">Dutta, Vishal (26 August 2014). <a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/industry/cons-products/durables/astral-poly-technik-acquires-british-company-seal-it-services-for-rs-44-crore/articleshow/40934796.cms?from=mdr">"Astral Poly Technik acquires British company Seal It Services for Rs 44 crore"</a>. <i>The Economic Times</i>. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a> <a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0013-0389">0013-0389</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421143724/https://economictimes.indiatimes.com/industry/cons-products/durables/astral-poly-technik-acquires-british-company-seal-it-services-for-rs-44-crore/articleshow/40934796.cms?from=mdr">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Astral+Poly+Technik+acquires+British+company+Seal+It+Services+for+Rs+44+crore&rft.date=2014-08-26&rft.issn=0013-0389&rft.aulast=Dutta&rft.aufirst=Vishal&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Findustry%2Fcons-products%2Fdurables%2Fastral-poly-technik-acquires-british-company-seal-it-services-for-rs-44-crore%2Farticleshow%2F40934796.cms%3Ffrom%3Dmdr&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-24"><span class="mw-cite-backlink"><b><a href="#cite_ref-24">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.thehindubusinessline.com/markets/stock-markets/astral-poly-acquires-controlling-stake-in-uk-based-seal-it-for-rs-44-cr/article20851947.ece1">"Astral Poly Techniq acquires controlling stake in UK-based Seal It for Rs 44 cr"</a>. <i><a href="/wiki/Hindu_Business_Line" class="mw-redirect" title="Hindu Business Line">Hindu Business Line</a></i>. 26 August 2014. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421143725/https://www.thehindubusinessline.com/markets/stock-markets/astral-poly-acquires-controlling-stake-in-uk-based-seal-it-for-rs-44-cr/article20851947.ece1">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Hindu+Business+Line&rft.atitle=Astral+Poly+Techniq+acquires+controlling+stake+in+UK-based+Seal+It+for+Rs+44+cr&rft.date=2014-08-26&rft_id=https%3A%2F%2Fwww.thehindubusinessline.com%2Fmarkets%2Fstock-markets%2Fastral-poly-acquires-controlling-stake-in-uk-based-seal-it-for-rs-44-cr%2Farticle20851947.ece1&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-25"><span class="mw-cite-backlink"><b><a href="#cite_ref-25">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSachdev2017" class="citation news cs1">Sachdev, Chhavi (29 May 2017). <a rel="nofollow" class="external text" href="https://www.npr.org/sections/goatsandsoda/2017/05/29/530244262/watch-women-shame-men-who-pee-in-public">"Watch Women Shame Men Who Pee In Public"</a>. <i><a href="/wiki/NPR" title="NPR">NPR</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230527032705/https://www.npr.org/sections/goatsandsoda/2017/05/29/530244262/watch-women-shame-men-who-pee-in-public">Archived</a> from the original on 27 May 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">27 May</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=NPR&rft.atitle=Watch+Women+Shame+Men+Who+Pee+In+Public&rft.date=2017-05-29&rft.aulast=Sachdev&rft.aufirst=Chhavi&rft_id=https%3A%2F%2Fwww.npr.org%2Fsections%2Fgoatsandsoda%2F2017%2F05%2F29%2F530244262%2Fwatch-women-shame-men-who-pee-in-public&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-26"><span class="mw-cite-backlink"><b><a href="#cite_ref-26">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKrishnan2020" class="citation book cs1">Krishnan, Kavita (7 February 2020). <a rel="nofollow" class="external text" href="https://books.google.com/books?id=dbzLDwAAQBAJ&dq=Astral+Pipes+Fearless+Freedom&pg=PT70"><i>Fearless Freedom</i></a>. Penguin Random House India Private Limited. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-93-5305-732-9" title="Special:BookSources/978-93-5305-732-9"><bdi>978-93-5305-732-9</bdi></a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230720165335/https://books.google.com/books?id=dbzLDwAAQBAJ&dq=Astral+Pipes+Fearless+Freedom&pg=PT70">Archived</a> from the original on 20 July 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">20 July</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Fearless+Freedom&rft.pub=Penguin+Random+House+India+Private+Limited&rft.date=2020-02-07&rft.isbn=978-93-5305-732-9&rft.aulast=Krishnan&rft.aufirst=Kavita&rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DdbzLDwAAQBAJ%26dq%3DAstral%2BPipes%2BFearless%2BFreedom%26pg%3DPT70&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-27"><span class="mw-cite-backlink"><b><a href="#cite_ref-27">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://indianexpress.com/article/cities/ahmedabad/gujarat-i-t-dept-searches-40-premises-of-2-firms-7638162/">"Gujarat: I-T dept searches 40 premises of 2 firms"</a>. <i><a href="/wiki/The_Indian_Express" title="The Indian Express">The Indian Express</a></i>. 24 November 2021. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421161511/https://indianexpress.com/article/cities/ahmedabad/gujarat-i-t-dept-searches-40-premises-of-2-firms-7638162/">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+Indian+Express&rft.atitle=Gujarat%3A+I-T+dept+searches+40+premises+of+2+firms&rft.date=2021-11-24&rft_id=https%3A%2F%2Findianexpress.com%2Farticle%2Fcities%2Fahmedabad%2Fgujarat-i-t-dept-searches-40-premises-of-2-firms-7638162%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> <li id="cite_note-28"><span class="mw-cite-backlink"><b><a href="#cite_ref-28">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://timesofindia.indiatimes.com/city/ahmedabad/employee-steals-pipe-makers-data/articleshow/98645961.cms">"Employee steals pipe maker's data"</a>. <i><a href="/wiki/The_Times_of_India" title="The Times of India">The Times of India</a></i>. 15 March 2023. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a> <a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0971-8257">0971-8257</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230430215508/https://timesofindia.indiatimes.com/city/ahmedabad/employee-steals-pipe-makers-data/articleshow/98645961.cms">Archived</a> from the original on 30 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">21 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Times+of+India&rft.atitle=Employee+steals+pipe+maker%27s+data&rft.date=2023-03-15&rft.issn=0971-8257&rft_id=https%3A%2F%2Ftimesofindia.indiatimes.com%2Fcity%2Fahmedabad%2Femployee-steals-pipe-makers-data%2Farticleshow%2F98645961.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AAstral+%28company%29" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Astral_(company)&action=edit&section=8" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><span class="official-website"><span class="url"><a rel="nofollow" class="external text" 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navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Nifty_200_companies" title="Template:Nifty 200 companies"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Nifty_200_companies" title="Template talk:Nifty 200 companies"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Nifty_200_companies" title="Special:EditPage/Template:Nifty 200 companies"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="23x15px&#124;border_&#124;alt=India&#124;link=India_NIFTY_200_companies" style="font-size:114%;margin:0 4em"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/India" title="India"><img alt="India" src="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/23px-Flag_of_India.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/35px-Flag_of_India.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/45px-Flag_of_India.svg.png 2x" data-file-width="900" data-file-height="600" /></a></span></span> NIFTY 200 companies</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">NIFTY <br /> 200</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="NIFTY_100" scope="row" class="navbox-group" style="width:1%">NIFTY <br /> 100</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/NIFTY_50" title="NIFTY 50">NIFTY <br />50</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Adani_Enterprises" title="Adani Enterprises">Adani Enterprises</a></li> <li><a href="/wiki/Adani_Ports_%26_SEZ" title="Adani Ports & SEZ">Adani Ports</a></li> <li><a href="/wiki/Apollo_Hospitals" title="Apollo Hospitals">Apollo Hospitals</a></li> <li><a href="/wiki/Asian_Paints" title="Asian Paints">Asian Paints</a></li> <li><a href="/wiki/Axis_Bank" title="Axis Bank">Axis Bank</a></li> <li><a href="/wiki/Bajaj_Auto" title="Bajaj Auto">Bajaj Auto</a></li> <li><a href="/wiki/Bajaj_Finance" title="Bajaj Finance">Bajaj Finance</a></li> <li><a href="/wiki/Bajaj_Finserv" title="Bajaj Finserv">Bajaj Finserv</a></li> <li><a href="/wiki/Bharat_Electronics" title="Bharat Electronics">BEL</a></li> <li><a href="/wiki/Bharat_Petroleum" title="Bharat Petroleum">Bharat Petroleum</a></li> <li><a href="/wiki/Bharti_Airtel" title="Bharti Airtel">Bharti Airtel</a></li> <li><a href="/wiki/Britannia_Industries" title="Britannia Industries">Britannia</a></li> <li><a href="/wiki/Cipla" title="Cipla">Cipla</a></li> <li><a href="/wiki/Coal_India" title="Coal India">Coal India</a></li> <li><a href="/wiki/Dr._Reddy%27s_Laboratories" title="Dr. Reddy's Laboratories">Dr. Reddy's Labs</a></li> <li><a href="/wiki/Eicher_Motors" title="Eicher Motors">Eicher</a></li> <li><a href="/wiki/Grasim_Industries" title="Grasim Industries">Grasim</a></li> <li><a href="/wiki/HCLTech" title="HCLTech">HCLTech</a></li> <li><a href="/wiki/HDFC_Bank" title="HDFC Bank">HDFC Bank</a></li> <li><a href="/wiki/HDFC_Life" title="HDFC Life">HDFC Life</a></li> <li><a href="/wiki/Hero_MotoCorp" title="Hero MotoCorp">Hero MotoCorp</a></li> <li><a href="/wiki/Hindalco_Industries" title="Hindalco Industries">Hindalco</a></li> <li><a href="/wiki/Hindustan_Unilever" title="Hindustan Unilever">HUL</a></li> <li><a href="/wiki/ICICI_Bank" title="ICICI Bank">ICICI Bank</a></li> <li><a href="/wiki/IndusInd_Bank" title="IndusInd Bank">IndusInd Bank</a></li> <li><a href="/wiki/Infosys" title="Infosys">Infosys</a></li> <li><a href="/wiki/ITC_Limited" title="ITC Limited">ITC</a></li> <li><a href="/wiki/JSW_Steel" title="JSW Steel">JSW Steel</a></li> <li><a href="/wiki/Kotak_Mahindra_Bank" title="Kotak Mahindra Bank">Kotak Mahindra</a></li> <li><a href="/wiki/Larsen_%26_Toubro" title="Larsen & Toubro">L&T</a></li> <li><a href="/wiki/Mahindra_%26_Mahindra" title="Mahindra & Mahindra">M&M</a></li> <li><a href="/wiki/Maruti_Suzuki" title="Maruti Suzuki">Maruti Suzuki</a></li> <li><a href="/wiki/NTPC_Limited" title="NTPC Limited">NTPC</a></li> <li><a href="/wiki/Nestl%C3%A9_India" title="Nestlé India">Nestlé</a></li> <li><a href="/wiki/Oil_and_Natural_Gas_Corporation" title="Oil and Natural Gas Corporation">ONGC</a></li> <li><a href="/wiki/Power_Grid_Corporation_of_India" title="Power Grid Corporation of India">Power Grid</a></li> <li><a href="/wiki/Reliance_Industries" title="Reliance Industries">Reliance</a></li> <li><a href="/wiki/SBI_Life_Insurance_Company" title="SBI Life Insurance Company">SBI Life</a></li> <li><a href="/wiki/State_Bank_of_India" title="State Bank of India">SBI</a></li> <li><a href="/wiki/Shriram_Group" title="Shriram Group">Shriram Finance</a></li> <li><a href="/wiki/Sun_Pharma" title="Sun Pharma">Sun Pharma</a></li> <li><a href="/wiki/Tata_Consultancy_Services" title="Tata Consultancy Services">Tata Consultancy Services</a></li> <li><a href="/wiki/Tata_Consumer_Products" title="Tata Consumer Products">Tata Consumer Products</a></li> <li><a href="/wiki/Tata_Motors" title="Tata Motors">Tata Motors</a></li> <li><a href="/wiki/Tata_Steel" title="Tata Steel">Tata Steel</a></li> <li><a href="/wiki/Tech_Mahindra" title="Tech Mahindra">Tech Mahindra</a></li> <li><a href="/wiki/Titan_Company" title="Titan Company">Titan</a></li> <li><a href="/wiki/Trent_Limited" title="Trent Limited">Trent</a></li> <li><a href="/wiki/UltraTech_Cement" title="UltraTech Cement">UltraTech</a></li> <li><a href="/wiki/Wipro" title="Wipro">Wipro</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/NIFTY_Next_50" title="NIFTY Next 50">NIFTY <br />Next 50</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ABB" title="ABB">ABB India</a></li> <li><a href="/wiki/Adani_Energy_Solutions" title="Adani Energy Solutions">Adani Energy Solutions</a></li> <li><a href="/wiki/Adani_Green_Energy" title="Adani Green Energy">Adani Green Energy</a></li> <li><a href="/wiki/Adani_Power" title="Adani Power">Adani Power</a></li> <li><a href="/wiki/Ambuja_Cements" title="Ambuja Cements">Ambuja Cements</a></li> <li><a href="/wiki/Bank_of_Baroda" title="Bank of Baroda">Bank of Baroda</a></li> <li><a href="/wiki/Bharat_Heavy_Electricals_Limited" title="Bharat Heavy Electricals Limited">BHEL</a></li> <li><a href="/wiki/Robert_Bosch_GmbH#Indian_operations" class="mw-redirect" title="Robert Bosch GmbH">Bosch</a></li> <li><a href="/wiki/Canara_Bank" title="Canara Bank">Canara Bank</a></li> <li><a href="/wiki/Cholamandalam_Investment_and_Finance_Company" title="Cholamandalam Investment and Finance Company">Cholamandalam</a></li> <li><a href="/wiki/Dabur" title="Dabur">Dabur</a></li> <li><a href="/wiki/Divi%27s_Laboratories" title="Divi's Laboratories">Divi's Labs</a></li> <li><a href="/wiki/DLF_(company)" title="DLF (company)">DLF</a></li> <li><a href="/wiki/DMart" title="DMart">DMart</a></li> <li><a href="/wiki/GAIL" title="GAIL">GAIL</a></li> <li><a href="/wiki/Godrej_Consumer_Products" title="Godrej Consumer Products">Godrej Consumer Products</a></li> <li><a href="/wiki/Havells" title="Havells">Havells</a></li> <li><a href="/wiki/Hindustan_Aeronautics_Limited" title="Hindustan Aeronautics Limited">HAL</a></li> <li><a href="/wiki/ICICI_Lombard" title="ICICI Lombard">ICICI Lombard</a></li> <li><a href="/wiki/ICICI_Prudential_Life_Insurance" title="ICICI Prudential Life Insurance">ICICI Prudential</a></li> <li><a href="/wiki/Indian_Oil_Corporation" title="Indian Oil Corporation">Indian Oil</a></li> <li><a href="/wiki/IndiGo" title="IndiGo">IndiGo</a></li> <li><a href="/wiki/Info_Edge" title="Info Edge">Info Edge</a></li> <li><a href="/wiki/Indian_Railway_Catering_and_Tourism_Corporation" title="Indian Railway Catering and Tourism Corporation">IRCTC</a></li> <li><a href="/wiki/Indian_Railway_Finance_Corporation" title="Indian Railway Finance Corporation">IRFC</a></li> <li><a href="/wiki/Jindal_Steel_and_Power" title="Jindal Steel and Power">Jindal Steel</a></li> <li><a href="/wiki/Jio_Financial_Services" title="Jio Financial Services">Jio Financial Services</a></li> <li><a href="/wiki/JSW_Energy" title="JSW Energy">JSW Energy</a></li> <li><a href="/wiki/Life_Insurance_Corporation" title="Life Insurance Corporation">LIC</a></li> <li><a href="/wiki/Lodha_Group" title="Lodha Group">Lodha</a></li> <li><a href="/wiki/LTIMindtree" title="LTIMindtree">LTIMindtree</a></li> <li><a href="/wiki/NHPC" title="NHPC">NHPC</a></li> <li><a href="/wiki/Pidilite_Industries" title="Pidilite Industries">Pidilite</a></li> <li><a href="/wiki/Power_Finance_Corporation" title="Power Finance Corporation">Power Finance</a></li> <li><a href="/wiki/Punjab_National_Bank" title="Punjab National Bank">PNB</a></li> <li><a href="/wiki/REC_Limited" title="REC Limited">REC</a></li> <li><a href="/wiki/Samvardhana_Motherson" title="Samvardhana Motherson">Samvardhana Motherson</a></li> <li><a href="/wiki/Shree_Cement" title="Shree Cement">Shree Cement</a></li> <li><a href="/wiki/Siemens" title="Siemens">Siemens India</a></li> <li><a href="/wiki/Tata_Power" title="Tata Power">Tata Power</a></li> <li><a href="/wiki/Torrent_Pharmaceuticals" title="Torrent Pharmaceuticals">Torrent Pharma</a></li> <li><a href="/wiki/TVS_Motor_Company" title="TVS Motor Company">TVS Motors</a></li> <li><a href="/wiki/Union_Bank_of_India" title="Union Bank of India">Union Bank</a></li> <li><a href="/wiki/United_Spirits" title="United Spirits">United Spirits</a></li> <li><a href="/wiki/Varun_Beverages" title="Varun Beverages">Varun Beverages</a></li> <li><a href="/wiki/Vedanta_Limited" title="Vedanta Limited">Vedanta</a></li> <li><a href="/wiki/Zomato" title="Zomato">Zomato</a></li> <li><a href="/wiki/Zydus_Lifesciences" title="Zydus Lifesciences">Zydus Lifesciences</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div> <ul><li><a href="/wiki/ACC_(company)" title="ACC (company)">ACC</a></li> <li><a href="/wiki/Aditya_Birla_Fashion_and_Retail" title="Aditya Birla Fashion and Retail">Aditya Birla Fashion</a></li> <li><a href="/wiki/Alkem_Laboratories" title="Alkem Laboratories">Alkem Labs</a></li> <li><a href="/wiki/Apollo_Tyres" title="Apollo Tyres">Apollo Tyres</a></li> <li><a href="/wiki/Ashok_Leyland" title="Ashok 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