Group Members:-

Names: Sap ID
Aman Pandey 74022119855
Rachit Agarwal 74022119318
Shreshth Sahoo 74022119832
Vidushee Sharma 74022120795
Himanshu Sachdeva 74022120083
Om Kotak 74022119729
 Group Members:-
Work Done
Economic Analysis, Cash Flow Statement and Ratios, DDM, Beta Calculation
Industry Analysis, Balance Sheet, FCFF and FCFE
Industry Analysis, Balance Sheet, Relative Valuation
Company Analysis, Income Statement, Scenario Manager and Data Table
Economic Analysis, Cash Flow Statement and Ratios, DDM, Beta Calculation
Company Analysis, Income Statement, FCFF and FCFE
 Category
No. Indicator Source Url/Link
(E/I/C)

1 E India's GDP Growth Forbes India https://www.forbesindia.com/blog/markets/in

Global Outlook for

2 E Bonafide Research https://www.bonafideresearch.com/press/231
Infrastraucture

3 E Union Budget 2024 NDTV Profit https://www.ndtvprofit.com/budget/budget-2

4 E Employment Linkdin https://www.linkedin.com/pulse/india-plastic

5 E Inflation The Economic Times https://economictimes.indiatimes.com/small-

6 E Exports The Times Of India https://timesofindia.indiatimes.com/business/

7 I Growth Drivers Investment Shastra https://www.moneyworks4me.com/investmen

8 I CAGR Investment Shastra https://www.moneyworks4me.com/investmen

9 I Government Initiatives Linkedin https://www.linkedin.com/pulse/india-plastic

 CNBC TV 18
10 I Threat of competition https://www.cnbctv18.com/business/compani

11 I Demand vision Mint https://www.livemint.com/news/india/pvc-pip

Increasing investment
12 I in the Plastic Linkedin https://www.linkedin.com/pulse/india-plastic
Manufacturing Plants

Product portfolio Forbes &Annual

13 C https://www.forbesindia.com/article/take-one
expansion Report

14 C Market share CNBC TV https://www.cnbctv18.com/business/compani

15 C Growth & Strategy Trade Brains https://tradebrains.in/fundamental-analysis-of

16 C Growth & Strategy The Hindu https://www.thehindubusinessline.com/comp

17 C Strengths - Operational Annual Report

18 C Strengths - Financial Annual Report

Weakness : Operational
19 C Annual Report
Risks

Weakness - Weaker
20 C perfomance than Annual Report
previous year

21 C Strengths- Marketing Annual Report

Page No. (if
applicable)

-
-

-
 -

Pg 06-07

-
 -

21

13,23

26

41

24
 Information

India's GDP growth of more than 7% in the FY23 is a statement as to India's future
dominance in the world as one of the major economies in the world. At around $1.5
trillion, the infrastructure spending spree and smart city investments lay the foundation for
a booming economy. The Ministry of Commerce and Industry envisions a substantial surge
in India's merchandise and services exports, anticipating a climb to over $2 trillion by 2030
from the existing $765 billion.

The plastic pipes industry stands at the forefront of modern infrastructure and engineering,
playing a pivotal role in the construction and maintenance of vital systems. The global
plastic pipes market is expected to cross USD 100 billion by 2028, increasing from USD
75 billion in 2022, growing by a CAGR of 5.69% CAGR by 2023 to 2028.

The interim Union budget 2024 will have a strong focus on capital expenditure to develop
public infrastructure, according to brokerages.
Axis Securities Ltd. expects capex to increase by 10–15% in the next financial year from
the Rs 10-lakh-crore target in the current fiscal.
A healthy increment is expected in the next fiscal to achieve the target set under the
National Infrastructure Pipeline and the Gati Shakti Master Plan, the financial services firm
said.

The establishment of new plastic manufacturing plants is set to augment the supply of
plastic pipes in the country. This surge in supply will effectively cater to the escalating
demand, driven by the rapid infrastructure and construction activities, urbanization trends,
and increasing disposable income.
This increase in the manufacturing plant will result in reduced prices for the pvc pipes and
moreover, generate new employment opportunities in the Economy.
Astral Poly Technik is setting up a new plastic manufacturing plant in Dahej, Gujarat. This
plant will have a capacity of 25,000 tons per annum.
 According to the Labor Department’s latest report on producer prices, the cost of plastic
pipes was more than 16% higher in February than a year earlier.
Even before the freeze, the industry was struggling to rebound from back-to-back
hurricanes last year, meaning the supply shortfalls will have knock-on effects both
domestically and around the world, not least in a housebuilding sector already under
pressure from skyrocketing lumber prices.

Plastic pipes and fittings, and miscellaneous products witnessed a decline in the shipment.
"Despite some product segments encountering declines, there is strong optimism that
numbers will rebound in the coming months." Dasmohapatra added.

The Indian plastic pipes industry has historically outpaced GDP growth due to several
driving factors, including real estate development, irrigation projects, urban infrastructure
initiatives, and sanitation programs. Additionally, increased awareness, adoption, and the
replacement of metal pipes with plastic ones have further fueled this growth. Looking
ahead, the pipe industry is poised for continued growth, thanks to various tailwinds. These
include robust expansion in the real estate sector, increased government expenditure on
irrigation, water supply, and urban infrastructure, the advantages of industry consolidation,
and the shift from an unorganized market to an organized one due to the geographical
expansion of major players.

The domestic pipe industry is expected to achieve a higher Compound Annual Growth
Rate (CAGR) compared to the past. In the period from FY09 to FY21, the industry
experienced a growth rate of 10%-12% CAGR, and demand is anticipated to expand at a
rate of 12%-14% CAGR between FY21-25.

The Indian government has undertaken significant investments in water supply

infrastructure, including dams, canals, and pipelines. Plastic pipes are extensively used in
various water supply applications such as water mains, distribution pipes, and household
connections. The rapid urbanization in India has created a heightened need for modern and
efficient plumbing and water management systems, driving the demand for plastic pipes.
There exists a large number of competitors in the plastic pipe industry including companies
such as Finloex Industries, Apollo pipes, Supreme Industries and Ashirvad Pipes pvt. ltd.
The conmapnies adopt strategies such as mergers & acquisitions and product launches to
gain a competitive advantage.

An example of threat of competition can be the expansion plan of one of the major players,
Supreme Industries Ltd. to increase its production capacity by 1lakh tonnes by March,
2024.

Considering the plastic pipe industry, its major demand comes from agriculture, water
supply and irrigation.

The major drivers for the growth in demand will be higher capital allocation in the Union
Budget for irrigation and promotion of the Jal Jeevan mission to provide safe drinking
water to households, which will as a result increase the demand for pipes.

Reliance Industries is setting up a new plastic manufacturing plant in Jamnagar, Gujarat.

The plant is expected to be commissioned in 2024 and will have a capacity of 1 million
tons per annum.
Additionally, Bhansali Engineering Polymers is setting up a new plastic manufacturing
plant in Surat, Gujarat. The plant is expected to be commissioned in 2023 and will have a
capacity of 100,000 tons per annum.
Astral Poly Technik is setting up a new plastic manufacturing plant in Dahej, Gujarat. The
plant is expected to be authorized in 2023 and will have a capacity of 25,000 tons per
annum.

Astral Pipes is currently growing into a full-stack construction materials firm in addition to
continuing to manufacture pipes. Astral Pipes is encouraged to enter the complete stack
construction materials vertical, where the industry's CAGR is expected to reach 35.5%.
Currently, the pipes manufacturing sector has a CAGR of 10.3%.

In the pipe industry, astral pipe demand has increased dramatically, which is assisting the
company in obtaining market dominance. Since practically every home has Astral pipes
thanks to its cutting-edge technology, the need for pipes has grown.

In the next years, Astral Pipes hopes to increase its revenue by Rs 1,500 crore thanks to the
introduction of its sanitary product lines and faucets.
Astral Limited entered into a definitive agreement with Gem Paints to acquire 51 per cent
equity stake in its operating paint business

Astral Pipes has succesfully introduced more SKUs and made a lot more plants functional
for pipe production (Orissa,Sangli,Aurangabad,Hosur)
Astral Pipes have made CAPEX Investments of over Rs.1000 cr in the last 5 years. Despite
this, they have a Debt - Equity Ratio of 0.02 which shows very low levels of debt as
compared to equity. Astral Pipes also show a healthy amount of cash and bank balances of
Rs.682 crores. Receivable,Inventory days are below industry average.

Astral Pipes have many risks associated with their line of work which include exchange
rate risks, supply chain risks, competitive risks and others.

Astral Pipes have recorded lower Net Profit Margins and return on net worth. However this
is only temporary due to high interest rates and amortisation of assets due to acquisition of
Gem Paints.
Celebrities serving as brand ambassadors, such as Ranveer Singh and Allu Arjun,
contribute to the credibility of marketing initiatives.
The marketing campaigns are created in a way that appeals to the requirements and wants
of the target audience.
Which Financial Indicator
Range of Impact
is affected?

Sales Growth Rate Increase

Revenue Growth Rate Increase

Revenue Growth Rate Increase

cost of sales Increase

cost of sales, selling price Increase

Sales Growth Rate Increase

Revenue Growth rate Increase

Revenue Growth rate Increase

Revenue Growth Rate Increase

 Increase
Capital expenditure and
marketing expenses

Sales Growth rate Increase

Cash outflow, Intangible

Increase
assets

Revenue growth Increase

Market shares growth Increase

Revenue growth Increase

 Revenue growth Increase

Cost of Sales -
Cost of Sales, Sales Decrease, Sales -
Increase

Fixed assets Increase

Cost of Production, Sales,

Decrease
Revenue

Profit Profit - Decrease

Revenue Growth Increase

 ITEMS

Non-current assets
(a) Property, plant and equipment
CAPEX
(b) Capital work-in-progress
(c) Goodwill
(d) Other Intangible assets
(e) Right of use assets
(f) Financial assets
(i) Investments
(ii) Loans
(iii) Other financial assets
(g) Other non-current assets
Total non-current assets

Current assets

(a) Inventories

(b) Financial assets

(i) Trade receivables

(ii) Cash and cash equivalents

(iii) Other balances with Bank

(iv) Loans

(v) Other financial assets

(c) Current tax assets (net)

(d) Other current assets

Total current assets

Total assets
EQUITY AND LIABILITIES
Equity
(a) Equity share capital
(b) Other equity
Total equity
Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings
(ii) Lease liabilties
(b) Provisions
(c) Deferred tax liabilities (Net)
Total non-current liabilities
Current liabilities
(a) Financial liabilities
(i) Borrowings (SCHEDULE)
Secured term loans from banks
less: maturity of long term loans
Buyer's credit
less: maturity of buyer's credit
Vehicle loans
less: maturity of vehicle loans
Unsecured buyer's credit
less: maturity of long term buyer's credit
(ii) Lease liabilities
(iii) Trade payables
a) total outstanding dues of micro enterprises and small enterprises
b) total outstanding dues of creditors other than micro enterprises
and small enterprises
(iv) Other financial liabilities
(b) Other current liabilities
(c) Provisions
(d) Current tax liabilities (Net)

ITEMS
Particulars
Income

Revenue from operations

Other income
Total

Expenses
Cost of materials consumed
Purchase of Traded goods
Changes in inventories of finished goods, traded goods and work-in-progress
Employee benefits expense
Finance costs
Depreciation and amortization expense
Other expenses
Total
Profit before exceptional items and tax
Exceptional Items

Profit before tax

Tax expense
Current tax
Deferred tax
Total tax expense

Profit for the year

Earnings per equity share (Face value of Rs 1/- each)

Basic (in Rs.)
Diluted (in Rs.)
 BALANCE SHEET
ASSUMPTION

PPE+Capital Expenditure-Depreciation
Aggressive of historical investment in CAPEX
Linear Forecast of historical values
To be constant as the last year
Historical Decline % average
Average of historical % of capital in progress

Linear forecast of decline % of historical years.

Constant as that of last year
Constant as that of last year
Historical average of % of PPE

Historical average of inventory days

Forecasted on basis of average of receivables days.

From Cash Flow's Net Cash Inflow/Outflow

Constant as that of last year

12 million paid each year towards employee loans and advances.

Constant as that of last year

Kept Constant

Exponential growth in forecasted years

Bonus of 1:3 alternate years, ESOPs will decline by 30% each year. Face Value of issued
shares will be 1
Op. Bal.+Net Income+Premium of issued shares+Premium on ESOPs issued-Dividend Paid
Kept Constant
Average of % of the right of use assets
Kept Constant
Kept Constant

Assumed to be 0
Assumed to be 0
Average of historical buyer's credit
Average value being repiad every year
Increasing by 10%
10% of loans repaid every year.
Kept constant.

Kept constant

Kept constant
On basis of historical average of payable days.
Historical average of % of capital goods.
On basis of historical average of % of total current liabilties.
Kept constant
Kept constant

INCOME STATEMENT
ASSUMPTION

Growth rates calculated after considering all the other factors+increase in

revenue(expected acc to news articles)+Increase due to acquisition
Growth at the rates calculated

Average % of sales
Average % of COGS
Closing Inventory - Opening Inventory
Linear grwoth
Linear growth
As a % of PPE,Intangible assets, rights of use of assets respectively
Average of % of COGS
Acquisition (only for 2024)

To be taken constant at 25.168%

Constant at latest year values
ET
REASON

As written in the EIC, demand in the future will be increasing, so more investment in capital will be requied.
The projects in progress will grow as there is high investments by government and major players like reliance etc.
The goodwill of the comapny was same for past 4 years and shot up by approximatey 10x in previous year so is alrea
Declining at almost a fixed decline rate for each of the past 5 years.
As the projects and supply will increase in upcoming future the company would require more land and property on le

Declining at an unusually variable rate for he past years with the decline rate inncreasing.
The company provides loan towards Employee Benefit with a negligible proportion and as they have greater growth r
projects forecasted the company will avoid increasing their non current assets for helping the working capital.
It has increased by 196% in year 2023 so the company has already covered the risk of upcoming increase of PPE
This comprises capital advances and as the PPE is increasing in upcoming years so will this particular also alongwith

Inventory depends on COGS. And since COGS is increasing over the forecasted period, inventory will also increase.

Receivables is dependent on sales. Increase in sales will also mean that there is more credit given to customers and th
receivable.
The cash input from cashflow would comprise of all i.e the operating, financing and investing activities.
As the values of the previous years are highly fluctuating we cannot forecast on basis of these therefore assume 503 to
median value for current asset which will help in flexible inflow of funds during high operating years.
The company paid a loan to a business last year which is payable @ 7% within an year so the value of 200 million wi
and has paid approximately 12 million each year towards employee loans and advances which will be continued.
The item has had a constant value of 70 million for the past 2 years and has no major information on its major change
upcoming years.

Prepaid Expenses, Balances with government authorities and Advances to suppliers will increase as the operations are
increase in upcoming years to more advances to suppliers, more prepaid expenses and with the involvement of govern
investment more balances with the government.

The company has given bonus shares at nearly 1:3 alternatively in the past 5 years. The issue of ESOPs has declined a
aggressive rate of approximately 45% therefore we take 30% to keep with the trend but smoothen the aggressive appr
vidend Paid
 Right-of-use assets comprise lease property so this will be directly to that particular.

We can see from the historical years that the company has significantly reduced its long term loans from banks.
Since, there is no term loan, there isn't any maturity of loans as well.

As CAGR of pipe industry is incresing by 10% year on year, we are assuming vehicle loans to increase by 10%.
We are assuming 10% of the amount repaid every year.
Since there is not much unsecured buyer's credit. it is assumed to be constant.

Since the company does not provide much loans to SMSE'S, we are assuming it to be constant.
We are assuming payable to be dependent on COGS .
Since major part of the other financial liabilities is a part of capital expenditure.
Other current liabilties forming a part of total current liabilities.
Cannot be forecasted.
Cannot be forecasted since it is based on unforeseen events in the future.

ENT
REASON

The company generates revenue from pipes (75%) and Adhesives (25%) approximately. The revenue is expected to in
1500 crores in the following years (growth of 3% from that) and also considering increase in revenue due to the acqui
gem paints.
The rates ahve been constant for the last 4 years hence we will take it as constant.
y at a high end.
 31/3/2019
(a) CAPEX
(b) Capital work-in-progress
(c) Goodwill
(d) Other Intangible assets
(e) Right of use assets 0.00%
(f) Financial assets
(i) Investments
(ii) Loans
(iii) Other financial assets
(g) Other non-current assets 4.13%
Total non-current assets
Current assets
(a) Inventories 88.82
(b) Financial assets
(i) Trade receivables 42.55
(ii) Cash and cash equivalents
(iii) Other balances with Bank
(iv) Loans
(v) Other financial assets
(c) Current tax assets (net)
(d) Other current assets
Total current assets
Total assets
EQUITY AND LIABILITIES
Equity
(a) Equity share capital (No. of shares)
(b) Other equity
Total equity
Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings (SCHEDULE)
Secured term loans from banks
less: maturity of long term loans
Buyer's credit
less: maturity of buyer's credit
Vehicle loans
less: maturity of vehicle loans
Unsecured buyer's credit
less: maturity of long term buyer's credit
Total
(ii) Lease liabilties
(b) Provisions
(c) Deferred tax liabilities (Net)
Total non-current liabilities
Current liabilities
(a) Financial liabilities
(i) Borrowings
(ii) Lease liabilities
(iii) Trade payables
a) total outstanding dues of micro enterprises and
small enterprises
b) total outstanding dues of creditors other than
micro enterprises and small enterprises 1395.26
(iv) Other financial liabilities
(b) Other current liabilities 5.75%
(c) Provisions
(d) Current tax liabilities (Net)
31/3/2020 31/3/2021 31/3/2022 31/3/2023 Forecasting factor
₹ 1,995.63 ₹ 1,489.00 ₹ 3,014.00 ₹ 4,206.00 ₹ 4,206.00
-45.07% 22.54% 96.55% 22.90% 24.23%
Constant at 2023 value
-15.83% -16.91% -20.69% -1.30% -13.68%
32.46% 31.01% 27.53% 25.48% 23.29%

-0.32% -1.56% 0.00% -13.82%

Constant at 2023 value
Constant at 2023 value
1.82% 3.01% 1.29% 1.04% 2.26%

119.43 90.52 70.97 93.71 92.69

24.85 26.41 13.78 18.62 25.24

Constant at 2023 value

12
Constant at 2023 value
Constant at 2023 value
Exponential Growth

5998 ESOPs Calculation

268,611,572 Bonus Shares Calculation

Assumed to be 0

130.44
-54
10%
10%
Constant

3.904% 1.279% 8.372% 9.553% 5.777%

 Constant
Constant

Constatnt
Constant

1155.18 1269.55 1800.64 1574.72 1439.07

24.40% 35.33% 15.99% 13.69% 22.35%
4.24% 8.81% 5.88% 6.96% 6.33%
Constant
31/3/2024 31/3/2025 31/3/2026 31/3/2027 31/3/2028

-13.67% -23.53% -29.65% -31.55% -46.28%

4198.6 2939.02 2057.314 1440.1198 1008.08386

0 89,539,569.87 0 119384879.76904 0
Particulars 31/3/2019 31/3/2020
ASSETS
Non-current assets
(a) Property, plant and equipment ₹ 6,252.37 ₹ 7,349.00
(b) Capital work-in-progress ₹ 775.58 ₹ 426.00
(c) Goodwill ₹ 192.20 ₹ 192.00
(d) Other Intangible assets ₹ 414.64 ₹ 349.00
(e) Right of use assets ₹ 0.00 ₹ 333.00
(f) Financial assets
(i) Investments ₹ 3,398.80 ₹ 3,388.00
(ii) Loans ₹ 328.50 ₹ 388.00
(iii) Other financial assets ₹ 58.85 ₹ 40.00
(g) Other non-current assets ₹ 258.46 ₹ 134.00
Total non-current assets 11,686.61 ₹ 12,599.00
Current assets
(a) Inventories ₹ 2,995.63 ₹ 4,221.00
(b) Financial assets
(i) Trade receivables ₹ 2,233.46 ₹ 1,391.00
(ii) Cash and cash equivalents ₹ 531.32 ₹ 109.00
(iii) Other balances with Bank ₹ 87.96 ₹ 601.00
(iv) Loans ₹ 12.54 ₹ 12.00
(v) Other financial assets ₹ 59.66 ₹ 46.00
(c) Current tax assets (net) ₹ 9.91 ₹ 128.00
(d) Other current assets ₹ 232.81 ₹ 310.00
Total current assets ₹ 6,163.28 ₹ 6,818.00
Total assets ₹ 17,849.89 ₹ 19,417.00
EQUITY AND LIABILITIES
Equity
(a) Equity share capital ₹ 119.81 ₹ 151.00
(b) Other equity ₹ 11,419.89 ₹ 13,166.00
Total equity ₹ 11,539.69 ₹ 13,317.00
Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings ₹ 1,212.82 ₹ 891.00
(ii) Lease liabilties ₹ 13.00
(b) Provisions ₹ 15.46 ₹ 12.00
(c) Deferred tax liabilities (Net) ₹ 465.56 ₹ 372.00
Total non-current liabilities ₹ 1,693.84 ₹ 1,288.00
Current liabilities
(a) Financial liabilities
(i) Borrowings ₹ 250.00 ₹0.00
(ii) Lease liabilities ₹ 20.00
(iii) Trade payables
a) total outstanding dues of micro enterprises and small enterprises -
b) total outstanding dues of creditors other than micro enterprises and
₹ 3,220.56 ₹ 4,076.00
small enterprises
(iv) Other financial liabilities ₹ 824.54 ₹ 487.00
(b) Other current liabilities ₹ 265.46 ₹ 204.00
(c) Provisions ₹ 17.45 ₹ 25.00
(d) Current tax liabilities (Net) ₹ 38.35 -
Total current liabilities ₹ 4,616.35 ₹ 4,812.00
Total liabilities ₹ 6,310.19 ₹ 6,100.00
Total equity and liabilities ₹ 1,784.99 ₹ 19,417.00

Schedule
Non-current liabilties (Borrowings)
Secured term loans from banks 1549.21 833
less: maturity of long term loans -476.55 -250
Buyer's credit 55.76 99
less: maturity of buyer's credit -37
Vehicle loans 34.83 18
less: maturity of vehicle loans -13.58 -5
Unsecured buyer's credit 73.93 233
less: maturity of long term buyer's credit -10.78
Total 1212.82 891
 (₹ In Million)
31/3/2021 31/3/2022 31/3/2023 31/3/2024 31/3/2025 31/3/2026
FORECASTED

₹ 7,876.00 ₹ 9,727.00 ₹ 12,559.00 ₹15,866.00 ₹19,110.00 ₹22,153.00

₹ 522.00 ₹ 1,026.00 ₹ 1,261.00 ₹1,561.82 ₹1,931.28 ₹2,198.78
₹ 192.00 ₹ 192.00 ₹ 2,036.00 ₹2,036.00 ₹2,036.00 ₹2,036.00
₹ 290.00 ₹ 230.00 ₹ 227.00 ₹195.94 ₹169.13 ₹145.99
₹ 391.00 ₹ 430.00 ₹ 492.00 ₹363.81 ₹448.56 ₹553.05

₹ 3,335.00 ₹ 3,335.00 ₹ 2,874.00 ₹2,480.98 ₹1,897.11 ₹1,334.56

₹ 284.00 ₹ 280.00 ₹ 288.00 ₹288.00 ₹288.00 ₹288.00
₹ 64.00 ₹ 75.00 ₹ 222.00 ₹222.00 ₹222.00 ₹222.00
₹ 237.00 ₹ 125.00 ₹ 130.00 ₹358.15 ₹431.37 ₹500.06
₹ 13,191.00 ₹ 15,420.00 ₹ 20,089.00 ₹23,372.71 ₹26,533.45 ₹29,431.43

₹ 3,604.00 ₹ 5,475.00 ₹ 7,697.00 ₹10,090.52 ₹13,424.04 ₹17,826.06

₹ 1,799.00 ₹ 1,533.00 ₹ 2,352.00 ₹4,319.30 ₹5,746.23 ₹7,630.54

₹ 586.00 ₹ 4,378.00 ₹ 3,943.00 ₹ 161,547.31 ₹ 215,328.63 ₹ 287,099.70
₹ 2,651.00 ₹ 3.00 ₹ 503.00 ₹503.00 ₹503.00 ₹503.00
₹ 12.00 ₹ 13.00 ₹ 205.00 ₹12.00 ₹12.00 ₹12.00
₹ 52.00 ₹ 70.00 ₹ 70.00 ₹70.00 ₹70.00 ₹70.00
₹ 118.00 ₹ 255.00 ₹ 174.00 ₹174.00 ₹174.00 ₹174.00
₹ 208.00 ₹ 433.00 ₹ 843.00 ₹844.76 ₹1,268.54 ₹2,188.12
₹ 9,030.00 ₹ 12,160.00 ₹ 15,787.00 ₹177,560.89 ₹236,526.44 ₹315,503.41
₹ 22,221.00 ₹ 27,580.00 ₹ 35,876.00 ₹200,933.60 ₹263,059.89 ₹344,934.85

₹ 201.00 ₹ 201.00 ₹ 269.00 ₹269.00 ₹358.55 ₹358.55

₹ 16,250.00 ₹ 19,863.00 ₹ 26,524.00 ₹29,389.74 ₹33,610.63 ₹39,486.79
₹ 16,451.00 ₹ 20,064.00 ₹ 26,793.00 ₹29,658.75 ₹33,969.18 ₹39,845.34

₹ 89.00 ₹ 232.00 ₹ 21.00 ₹ 149.47 ₹ 154.67 ₹ 160.40

₹ 5.00 ₹ 36.00 ₹ 47.00 ₹21.02 ₹25.91 ₹31.95
₹ 13.00 ₹ 9.00 ₹ 29.00 ₹29.00 ₹29.00 ₹29.00
₹ 373.00 ₹ 389.00 ₹ 394.00 ₹394.00 ₹394.00 ₹394.00
₹ 480.00 ₹ 666.00 ₹ 491.00 ₹593.49 ₹603.59 ₹615.35

₹ 54.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00

₹ 11.00 ₹ 20.00 ₹ 29.00 ₹29.00 ₹29.00 ₹29.00

- ₹ 168.00 ₹ 362.00 ₹362.00 ₹362.00 ₹362.00

₹ 4,178.00 ₹ 5,708.00 ₹ 6,949.00
₹156,662.93 ₹208,418.43 ₹276,763.06
₹ 526.00 ₹ 482.00 ₹ 576.00 ₹940.21 ₹940.21 ₹940.21
₹ 466.00 ₹ 403.00 ₹ 598.00 ₹10,679.30 ₹14,175.88 ₹18,793.22
₹ 25.00 ₹ 15.00 ₹ 17.00 ₹17.00 ₹17.00 ₹17.00
₹ 84.00 - ₹ 61.00
₹61.00 ₹61.00 ₹61.00
₹ 5,290.00 ₹ 6,850.00 ₹ 8,592.00 ₹168,751.44 ₹224,003.52 ₹296,965.49
₹ 5,770.00 ₹ 7,516.00 ₹ 9,083.00 ₹169,344.93 ₹224,607.11 ₹297,580.84
₹ 22,221.00 ₹ 27,580.00 ₹ 35,876.00 ₹199,003.68 ₹258,576.29 ₹337,426.18

0 0 0
0 0 0
124 243 130.44 130.44 130.44
-97 -28 -54 -54 -54
12 43 47.3 52.03 57.233
-3 -26 4.73 5.203 5.7233
140 21 21 21 21
-87
89 232 21 149.47 154.673 160.3963
 31/3/2027 31/3/2028
ASTED

₹24,985.00 ₹27,443.16
₹2,533.48 ₹2,852.83
₹2,036.00 ₹2,036.00
₹126.02 ₹108.77
₹681.88 ₹840.71

₹913.44 ₹490.73
₹288.00 ₹288.00
₹222.00 ₹222.00
₹563.99 ₹619.48
₹32,349.80 ₹34,901.68

₹23,603.54 ₹31,365.39

₹10,103.62 ₹13,426.12
₹ 382,504.97 ₹ 510,583.77
₹503.00 ₹503.00
₹12.00 ₹12.00
₹70.00 ₹70.00
₹174.00 ₹174.00
₹2,894.73 ₹3,955.16
₹419,865.86 ₹560,089.43
₹452,215.66 ₹594,991.11

₹477.94 ₹477.94
₹47,354.51 ₹57,423.40
₹47,832.45 ₹57,901.33

₹ 166.69 ₹ 173.62
₹39.39 ₹48.57
₹29.00 ₹29.00
₹394.00 ₹394.00

₹629.08 ₹645.18

₹ 0.00 ₹ 0.00
₹29.00 ₹29.00

₹362.00 ₹362.00

₹366,462.92 ₹486,971.44
₹940.21 ₹940.21
₹24,853.31 ₹32,994.83
₹17.00 ₹17.00

₹61.00 ₹61.00
₹392,725.44 ₹521,375.47
₹393,354.52 ₹522,020.66
₹441,186.97 ₹579,921.99

0 0
0 0
 130.44 130.44
-54 -54
62.9563 69.25193
6.29563 6.925193
21 21

166.69193 173.617123
Income Statement Input
I. Revenue from Operations

Historical
Particulars 2019 2020
Revenue From Operations ₹19,157.00 ₹20,428.00
Pipes ₹14,367.75 ₹15,321.00
Adhesives ₹4,789.25 ₹5,107.00
Astral Pipes has major revenue from 2 segments, Pipes and Adhesives
With approximate split between the same being around 75% & 25% respectively.

Pipes
Historical
Particulars 2019 2020
Pipes ₹14,367.75 ₹15,321.00
Growth Rate 0.00% 6.63%

Forecasting Factor For each ye

Particulars 2024 2025
Average Growth Rate 26.31% 26.31%
Inflation 2.80% 1.13%
Marketing Initiatives 0.60% 0.70%
New SKUs 1% 2%
Demand 8% 7%
Total Growth Rate 38.71% 37.14%
Proportion in total revenue 75%

Adhesives
Historical
Particulars 2019 2020
Pipes ₹4,789.25 ₹5,107.00
Growth Rate 0.00% 6.63%

Forecasted
Particulars 2024 2025
Growth Rate 7.24% 7.24%
Inflation 2.80% 1.13%
Marketing Initiatives 0.60% 0.70%
New SKUs 1% 1%
Total 11.64% 10.07%
Proportion in total revenue 25%

Historical
2024 2025
Cost of materials consumed ₹12,311.00 ₹12,900.00
% of sales 63.88% 62.81%

Sanitary Line and Paints

2024 2025
Expected increase in revenue 1500 *expected to start growing from 202
Growth rate 3%
Increase in revenue 1500 1545
Astral has expanded its product portfolio by adding a new range sanitary pipes and has acquired gem paints f
Revenue generated by gem paints in 2022-23 215
Expected increase in revenue due to the acquisition 109.65
Growth rate 8%
Increase due to acquisition 109.65 118.422

II. Expenses
Cost of raw materials and components consumed
Historical
Particulars 2019 2020
Cost of raw materials and components consumed ₹12,311.00 ₹12,900.00
Cost of Raw materials and components consumed is Opening Inventories + Purchases - Cl Stock of Inventories as me

Purchase of stock-in-trade Historical

Particulars 2019 2020
% of COGS ₹791.00 ₹671.00
6.43% 5.20%

Changes in inventories of finished goods, stock-in-trade Historical

Particulars 2019 2020
Closing Inventory - Opening Inventory -₹284.00 -₹594.00

Employee benefits expense

Historical
Particulars 2019 2020
Linear Growth ₹754.00 ₹977.00
Growth rate 29.58%

Finance Cost Historical

Particulars 2019 2020
Finance cost ₹281.00 ₹337.00
16.26% 30.78%

Depreciation and Ammortisation Costs Historical

Particulars 2019 2020
Dep on PPE 618 798
% of PPE 9.88% 10.86%
Amortization on Intangible Assets 53 72
% of Intangible assets 12.78% 20.63%
Amortization on Right of use assets - 29
% of rights of use of asset 8.71%
TOTAL

Other Expenses Historical

2019 2020
Other expenses ₹2,546.00 ₹2,777.00
% of COGS 20.68% 21.53%

Tax rate 25.17%

 (In Rs. crores)
Historical
2021 2022 2023 Forecasting Factor
₹24,863.00 ₹40,613.00 ₹46,116.00
₹18,647.25 ₹30,459.75 ₹34,587.00
₹6,215.75 ₹10,153.25 ₹11,529.00

pes
Historical
2021 2022 2023 Average
₹18,647.25 ₹30,459.75 ₹34,587.00
21.71% 63.35% 13.55% 26.31%

Forecasting Factor For each year

2026 2027 2028
26.31% 26.31% 26.31% Minimum Average growth based on growth of the last 5 years.
1.38% 1.40% 1.40% Inflation is expected to slow down from 2024; 2023 sales increased as
0.80% 0.90% 1.00%
3% 4% 5% Introduction of new SKUs.
6% 5% 5% Increase in Revenue predicted to be 5-8% due to higher demand due t
37.49% 37.61% 38.71%

esives
Historical
2021 2022 2023 Average
₹6,215.75 ₹10,153.25 ₹11,529.00
21.71% 63.35% 13.55% 26.31%

Forecasted
2026 2027 2028
7.24% 7.24% 7.24%
1.38% 1.40% 1.40% Growth rate to be much higher than the average in the past 5 years
0.80% 0.90% 1.00% Growth in GDP of India to influence demand
1% 1% 1% Inflation is expected to slow down from 2024; 2023 sales increased as
10.42% 10.54% 10.64%

Historical Forecasted
2026 2027 2028 Average 2024 2025
₹14,532.00 ₹28,159.00 ₹29,980.00 39735.44 52862.52
 57.97% 68.77% 64.67% 63.62%

2026 2027 2028

pected to start growing from 2025

1591.35 1591.35 1591.35

s and has acquired gem paints further adding even more revenue.

127.89576 138.1274208 149.177614464

Historical Average
2021 2022 2023
₹14,532.00 ₹28,159.00 ₹29,980.00
ses - Cl Stock of Inventories as mentioned in Annual Report

Historical Forecasted
2021 2022 2023 2024 2025 2026
₹623.00 ₹314.00 ₹604.00 1,513.41 2,013.38 2,673.61
4.29% 1.12% 2.01% 3.81%

Historical Forecasted
2021 2022 2023 2024 2025 2026
₹391.00 -₹1,185.00 ₹64.00 ₹2,393.52 ₹3,333.53 ₹4,402.02

Historical Forecasted
2021 2022 2023 2024 2025 2026
₹1,043.00 ₹1,944.00 ₹2,466.00 ₹2,947.54 ₹3,733.75 ₹4,996.47
6.76% 86.39% 26.85% 19.53% 26.67% 33.82%

Historical Forecasted
2021 2022 2023 2024 2025 2026
₹76.00 ₹95.00 ₹333.00 ₹2,778.95 ₹3,677.61 ₹4,864.01
13.69% 13.79% 53.80% 25.66%

Historical Forecasted
 2021 2022 2023 Average 2024 2025
870 1065 1255 ₹1,673.25 ₹2,015.37
11.05% 10.95% 9.99% 10.55%
68 72 79 ₹48.19 ₹41.60
23.45% 31.30% 34.80% 24.59%
24 26 40 ₹26.40 ₹32.55
6.14% 6.05% 8.13% 7.26%
TAL ₹1,747.84 ₹2,089.51

Historical Forecasted
2021 2022 2023 Average 2024 2025
₹2,929.00 ₹4,294.00 ₹5,491.00 7623.4825118 10141.992522
20.16% 15.25% 18.32% 19.19%
of the last 5 years.
; 2023 sales increased as prices were low

e to higher demand due to budget allocation to irrigation

age in the past 5 years

; 2023 sales increased as prices were low

Forecasted
2026 2027 2028
70197.21 92948.37 123513.73
ted
2027 2028
3,540.14 4,704.28

ted
2027 2028
₹5,777.49 ₹7,761.84

(In Rs. crores)

sted
2027 2028
₹7,043.28 ₹10,431.86
40.97% 48.11%

sted
2027 2028
₹6,420.81 ₹8,511.91

Forecasted
 2026 2027 2028
₹2,336.29 ₹2,634.96 ₹2,894.20

₹35.90 ₹30.99 ₹26.75

₹40.13 ₹49.48 ₹61.00

₹2,412.32 ₹2,715.43 ₹2,981.95

Forecasted
2026 2027 2028
13467.757481 17832.703487 23696.851428
Particulars 31st March, 2019
Income
Revenue from operations ₹19,157.00
Other income ₹115.00
Total ₹19,272.00

Expenses
Cost of materials consumed ₹12,311.00
Purchase of Traded goods ₹791.00
Changes in inventories of finished goods, traded goods and work-in-progress -₹284.00
Employee benefits expense ₹754.00
Finance costs ₹281.00
Depreciation and amortization expense ₹671.00
Other expenses ₹2,546.00
Total ₹17,070.00

Profit before exceptional items and tax ₹2,202.00

Exceptional Items ₹20.00

Profit before tax ₹2,182.00

Tax expense
Current tax ₹677.00
Deferred tax ₹91.00
Total tax expense ₹768.00

Profit for the year ₹1,414.00

Earnings per equity share (Face value of Rs 1/- each)
Basic (in Rs.) ₹9.40
31st March, 2020 31st March, 2021 31st March, 2022 31st March, 2023 31st March, 2024

₹20,428.00 ₹24,863.00 ₹40,613.00 ₹46,116.00 62,456.43

₹109.00 ₹207.00 ₹333.00 ₹239.00 ₹315.34
₹20,537.00 ₹25,070.00 ₹40,946.00 ₹46,355.00 ₹62,771.77

₹12,900.00 ₹14,532.00 ₹28,159.00 ₹29,980.00 39735.44

₹671.00 ₹623.00 ₹314.00 ₹604.00 1513.40850432578
-₹594.00 ₹391.00 -₹1,185.00 ₹64.00 ₹2,393.52
₹977.00 ₹1,043.00 ₹1,944.00 ₹2,466.00 ₹2,947.54
₹337.00 ₹76.00 ₹95.00 ₹333.00 ₹2,778.95
₹899.00 ₹962.00 ₹1,163.00 ₹1,374.00 ₹1,747.84
₹2,777.00 ₹2,929.00 ₹4,294.00 ₹5,491.00 7623.48251183797
₹17,967.00 ₹20,556.00 ₹34,784.00 ₹40,312.00 ₹58,740.18

₹2,570.00 ₹4,514.00 ₹6,162.00 ₹6,043.00 ₹4,031.59

₹25.00 ₹123.00 ₹19.00 ₹33.00 194

₹2,545.00 ₹4,391.00 ₹6,143.00 ₹6,010.00 ₹3,837.59

₹631.00 ₹1,121.00 ₹1,516.00 ₹1,525.00 ₹965.84

-₹94.00 ₹1.00 ₹10.00 ₹6.00 6.00
₹537.00 ₹1,122.00 ₹1,526.00 ₹1,531.00 ₹971.84

₹2,008.00 ₹3,269.00 ₹4,617.00 ₹4,479.00 ₹2,865.74

₹13.33 ₹16.27 ₹17.19 ₹16.67 10.65

31st March, 2025 31st March, 2026 31st March, 2027 31st March, 2028

83089.6694508917 110336.456558248 146096.87740731 194139.716419808

₹411.12 ₹537.43 ₹703.19 ₹926.05
₹83,500.79 ₹110,873.89 ₹146,800.07 ₹195,065.77

52862.52 70197.21 92948.37 123513.73

2013.38137918978 2673.60995113185 3540.1360298286 4704.28264529138
₹3,333.53 ₹4,402.02 ₹5,777.49 ₹7,761.84
₹3,733.75 ₹4,996.47 ₹7,043.28 ₹10,431.86
₹3,677.61 ₹4,864.01 ₹6,420.81 ₹8,511.91
₹2,089.51 ₹2,412.32 ₹2,715.43 ₹2,981.95
10141.992522205 13467.7574809915 17832.703487383 23696.8514281599
₹77,852.29 ₹103,013.40 ₹136,278.20 ₹181,602.43

₹5,648.50 ₹7,860.49 ₹10,521.87 ₹13,463.34

₹5,648.50 ₹7,860.49 ₹10,521.87 ₹13,463.34

₹1,421.62 ₹1,978.33 ₹2,648.14 ₹3,388.45

6.00 6.00 6.00 6.00
₹1,427.62 ₹1,984.33 ₹2,654.14 ₹3,394.45

₹4,220.89 ₹5,876.16 ₹7,867.72 ₹10,068.88

11.77 16.39 16.46 21.07

Particulars 2024
A. Cash flows from operating activites
Profit before tax: ₹3,837.59
Adjustments for:
Depreciation and amortization expenses ₹1,747.84
Finance cost ₹2,778.95
Other Income ₹315.34
Operating profit before working capital changes ₹8,679.73
Changes in working capital:
Inventories -₹2,393.52
Trade receivables -₹1,967.30
Other financial assets ₹0.00
Other current assets -₹1.76

Trade payables:
(a) total outstanding dues of micro enterprises and small enterprises ₹0.00
(b) total outstanding dues of creditors other than micro enterprises and small enterpris ₹149,713.93
Other current liabilities ₹10,081.30
Other financial liabilities ₹364.21
Provisions ₹0.00

Cash generated from operations ₹164,476.59

Income taxes paid (net of refunds) ₹971.84
Net cash generated from operating activities (A) ₹163,504.75

B. Cash flows from investing activities

Short term Loans ₹193.00
Property, plant and equipment (net of Purchase and sale) -₹3,307.00
Investments ₹393.02
Long term Loans given ₹0.00
Other non-current assets -₹228.15
Capital work-in-progress -₹300.82

Net cash flow used in investing activites (B) -₹3,249.95

C. Cash flow from financing activities

Short Term Borrowings ₹ 0.00
Proceeds from issue of Equity Shares ₹0.00
Finance cost paid -₹2,778.95
Long Term Borrowings (net of proceeds and Repayments) ₹ 128.47

Net cash used in financing activities ( C) -₹ 2,650.48

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+ ₹ 157,604.31
Cash and cash equivalents at the beginning of the year ₹ 3,943.00
Cash and cash equivalents at the end of the year ₹ 161,547.31
 2025 2026 2027 2028

₹5,648.50 ₹7,860.49 ₹10,521.87 ₹13,463.34

₹2,089.51 ₹2,412.32 ₹2,715.43 ₹2,981.95

₹3,677.61 ₹4,864.01 ₹6,420.81 ₹8,511.91
₹411.12 ₹537.43 ₹703.19 ₹926.05
₹11,826.74 ₹15,674.25 ₹20,361.29 ₹25,883.25

-₹3,333.53 -₹4,402.02 -₹5,777.49 -₹7,761.84

-₹1,426.93 -₹1,884.31 -₹2,473.08 -₹3,322.50
₹0.00 ₹0.00 ₹0.00 ₹0.00
-₹423.78 -₹919.58 -₹706.60 -₹1,060.43

₹0.00 ₹0.00 ₹0.00 ₹0.00

₹51,755.50 ₹68,344.63 ₹89,699.85 ₹120,508.52
₹3,496.58 ₹4,617.34 ₹6,060.09 ₹8,141.51
₹0.00 ₹0.00 ₹0.00 ₹0.00
₹0.00 ₹0.00 ₹0.00 ₹0.00

₹61,894.59 ₹81,430.31 ₹107,164.06 ₹142,388.52

₹1,427.62 ₹1,984.33 ₹2,654.14 ₹3,394.45
₹60,466.98 ₹79,445.99 ₹104,509.91 ₹138,994.07

₹0.00 ₹0.00 ₹0.00 ₹0.00

-₹3,244.00 -₹3,043.00 -₹2,832.00 -₹2,458.16
₹583.88 ₹562.55 ₹421.12 ₹422.71
₹0.00 ₹0.00 ₹0.00 ₹0.00
-₹73.23 -₹68.69 -₹63.93 -₹55.49
-₹369.45 -₹267.50 -₹334.70 -₹319.35

-₹3,102.80 -₹2,816.64 -₹2,809.51 -₹2,410.29

₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00

₹89.54 ₹0.00 ₹119.39 ₹0.00
-₹3,677.61 -₹4,864.01 -₹6,420.81 -₹8,511.91
₹ 5.20 ₹ 5.72 ₹ 6.30 ₹ 6.93

-₹ 3,582.86 -₹ 4,858.28 -₹ 6,295.12 -₹ 8,504.99

₹ 53,781.31 ₹ 71,771.07 ₹ 95,405.28 ₹ 128,078.79
₹ 161,547.31 ₹ 215,328.63 ₹ 287,099.70 ₹ 382,504.97
₹ 215,328.63 ₹ 287,099.70 ₹ 382,504.97 ₹ 510,583.77
 Key financial ratios
2019 2020 2021 2022
Debtors turnover (in days) 43 25 26 22
Inventory turnover (in days) 57 75 53 61
Interest coverage ratio 10.96 15.97 58.78 107.31
Current ratio 1.34 1.42 1.71 1.85
Long term debt equity ratio 0.15 0.09 0.02 0.02
EBITDA Margin 16.46% 18.63% 22.33% 17.94%
PAT Margin 7.38% 9.83% 13.15% 11.16%
Return on net worth 13.46% 16.17% 21.98% 22.92%
nancial ratios
2023 2024 2025 2026 2027 2028
25 25.24 25.24 25.24 25.24 25.24
62 92.7 92.7 92.7 92.7 92.7
36.98 2.5 2.5 2.6 2.6 2.6
1.72 1.05 1.06 1.06 1.07 1.07
0.02 0.0007 0.0008 0.0008 0.0008 0.0008
16.19% 13.70% 13.74% 13.72% 13.46% 12.86%
8.91% 4.59% 5.08% 5.33% 5.39% 5.19%
17.27% 9.66% 12.43% 14.75% 16.45% 17.39%
Scenario Summary
Current Values: Original Scenario 1 Scenario 2
Changing Cells:
D_P_Ratio 13.65% 13.65% 25.00% 5.00%
Result Cells:
value_per_Sha 1480.65 1480.65 2712.73 542.55
Notes: Current Values column represents values of changing cells at
time Scenario Summary Report was created. Changing cells for each
scenario are highlighted in gray.
 Nifty 50 (22-23 Data)
Date Adj Close Returns
01-04-2022 17670.40
04-04-2022 18053.40 2.17%
05-04-2022 17957.40 -0.53%
06-04-2022 17807.70 -0.83%
07-04-2022 17639.60 -0.94%
08-04-2022 17784.30 0.82%
11-04-2022 17674.90 -0.62%
12-04-2022 17530.30 -0.82%
13-04-2022 17475.70 -0.31%
18-04-2022 17173.70 -1.73%
19-04-2022 16958.70 -1.25%
20-04-2022 17136.60 1.05%
21-04-2022 17392.60 1.49%
22-04-2022 17171.90 -1.27%
25-04-2022 16953.90 -1.27%
26-04-2022 17200.80 1.46%
27-04-2022 17038.40 -0.94%
28-04-2022 17245.10 1.21%
29-04-2022 17102.60 -0.83%
02-05-2022 17069.10 -0.20%
04-05-2022 16677.60 -2.29%
05-05-2022 16682.70 0.03%
06-05-2022 16411.30 -1.63%
09-05-2022 16301.80 -0.67%
10-05-2022 16240.00 -0.38%
11-05-2022 16167.10 -0.45%
12-05-2022 15808.00 -2.22%
13-05-2022 15782.20 -0.16%
16-05-2022 15842.30 0.38%
17-05-2022 16259.30 2.63%
18-05-2022 16240.30 -0.12%
19-05-2022 15809.40 -2.65%
20-05-2022 16266.20 2.89%
23-05-2022 16214.70 -0.32%
24-05-2022 16125.20 -0.55%
25-05-2022 16025.80 -0.62%
26-05-2022 16170.20 0.90%
27-05-2022 16352.50 1.13%
30-05-2022 16661.40 1.89%
31-05-2022 16584.60 -0.46%
01-06-2022 16522.80 -0.37%
02-06-2022 16628.00 0.64%
03-06-2022 16584.30 -0.26%
06-06-2022 16569.60 -0.09%
07-06-2022 16416.30 -0.93%
08-06-2022 16356.30 -0.37%
09-06-2022 16478.10 0.74%
10-06-2022 16201.80 -1.68%
13-06-2022 15774.40 -2.64%
14-06-2022 15732.10 -0.27%
15-06-2022 15692.20 -0.25%
16-06-2022 15360.60 -2.11%
17-06-2022 15293.50 -0.44%
20-06-2022 15350.20 0.37%
21-06-2022 15638.80 1.88%
22-06-2022 15413.30 -1.44%
23-06-2022 15556.70 0.93%
24-06-2022 15699.30 0.92%
27-06-2022 15832.00 0.85%
28-06-2022 15850.20 0.11%
29-06-2022 15799.10 -0.32%
30-06-2022 15780.30 -0.12%
01-07-2022 15752.00 -0.18%
04-07-2022 15835.30 0.53%
05-07-2022 15810.80 -0.15%
06-07-2022 15989.80 1.13%
07-07-2022 16132.90 0.89%
08-07-2022 16220.60 0.54%
11-07-2022 16216.00 -0.03%
12-07-2022 16058.30 -0.97%
13-07-2022 15966.70 -0.57%
14-07-2022 15938.70 -0.18%
15-07-2022 16049.20 0.69%
18-07-2022 16278.50 1.43%
19-07-2022 16340.50 0.38%
20-07-2022 16520.80 1.10%
21-07-2022 16605.30 0.51%
22-07-2022 16719.40 0.69%
25-07-2022 16631.00 -0.53%
26-07-2022 16483.80 -0.89%
27-07-2022 16641.80 0.96%
28-07-2022 16929.60 1.73%
29-07-2022 17158.30 1.35%
01-08-2022 17340.10 1.06%
02-08-2022 17345.40 0.03%
03-08-2022 17388.20 0.25%
04-08-2022 17382.00 -0.04%
05-08-2022 17397.50 0.09%
08-08-2022 17525.10 0.73%
10-08-2022 17534.80 0.06%
11-08-2022 17659.00 0.71%
12-08-2022 17698.20 0.22%
16-08-2022 17825.30 0.72%
17-08-2022 17944.30 0.67%
18-08-2022 17956.50 0.07%
19-08-2022 17758.40 -1.10%
22-08-2022 17490.70 -1.51%
23-08-2022 17577.50 0.50%
24-08-2022 17604.90 0.16%
25-08-2022 17522.40 -0.47%
26-08-2022 17558.90 0.21%
29-08-2022 17312.90 -1.40%
30-08-2022 17759.30 2.58%
01-09-2022 17542.80 -1.22%
02-09-2022 17539.40 -0.02%
05-09-2022 17665.80 0.72%
06-09-2022 17655.60 -0.06%
07-09-2022 17624.40 -0.18%
08-09-2022 17798.80 0.99%
09-09-2022 17833.30 0.19%
12-09-2022 17936.30 0.58%
13-09-2022 18070.10 0.75%
14-09-2022 18003.80 -0.37%
15-09-2022 17877.40 -0.70%
16-09-2022 17530.80 -1.94%
19-09-2022 17622.30 0.52%
20-09-2022 17816.30 1.10%
21-09-2022 17718.30 -0.55%
22-09-2022 17629.80 -0.50%
23-09-2022 17327.30 -1.72%
26-09-2022 17016.30 -1.79%
27-09-2022 17007.40 -0.05%
28-09-2022 16858.60 -0.87%
29-09-2022 16818.10 -0.24%
30-09-2022 17094.30 1.64%
03-10-2022 16887.30 -1.21%
04-10-2022 17274.30 2.29%
06-10-2022 17331.80 0.33%
07-10-2022 17314.70 -0.10%
10-10-2022 17241.00 -0.43%
11-10-2022 16983.60 -1.49%
12-10-2022 17123.60 0.82%
13-10-2022 17014.30 -0.64%
14-10-2022 17185.70 1.01%
17-10-2022 17311.80 0.73%
18-10-2022 17486.90 1.01%
19-10-2022 17512.30 0.15%
20-10-2022 17563.90 0.29%
21-10-2022 17576.30 0.07%
24-10-2022 17730.80 0.88%
25-10-2022 17656.30 -0.42%
27-10-2022 17736.90 0.46%
28-10-2022 17786.80 0.28%
31-10-2022 18012.20 1.27%
1-11-2022 18145.40 0.74%
2-11-2022 18082.80 -0.34%
3-11-2022 18052.70 -0.17%
4-11-2022 18117.20 0.36%
7-11-2022 18202.80 0.47%
09-11-2022 18157.00 -0.25%
10-11-2022 18028.20 -0.71%
11-11-2022 18349.70 1.78%
14-11-2022 18329.20 -0.11%
15-11-2022 18403.40 0.40%
16-11-2022 18409.70 0.03%
17-11-2022 18343.90 -0.36%
18-11-2022 18307.70 -0.20%
21-11-2022 18159.90 -0.81%
22-11-2022 18244.20 0.46%
23-11-2022 18267.30 0.13%
24-11-2022 18484.10 1.19%
25-11-2022 18512.80 0.16%
28-11-2022 18562.80 0.27%
29-11-2022 18618.10 0.30%
30-11-2022 18758.30 0.75%
1-12-2022 18812.50 0.29%
2-12-2022 18696.10 -0.62%
5-12-2022 18701.10 0.03%
6-12-2022 18642.80 -0.31%
07-12-2022 18560.50 -0.44%
08-12-2022 18609.30 0.26%
09-12-2022 18496.60 -0.61%
12-12-2022 18497.20 0.00%
13-12-2022 18608.00 0.60%
14-12-2022 18660.30 0.28%
15-12-2022 18414.90 -1.32%
16-12-2022 18269.00 -0.79%
19-12-2022 18420.40 0.83%
20-12-2022 18385.30 -0.19%
21-12-2022 18199.10 -1.01%
22-12-2022 18127.30 -0.39%
23-12-2022 17806.80 -1.77%
26-12-2022 18014.60 1.17%
27-12-2022 18132.30 0.65%
28-12-2022 18122.50 -0.05%
29-12-2022 18191.00 0.38%
30-12-2022 18105.30 -0.47%
2-1-2023 18197.40 0.51%
 3-1-2023 18232.60 0.19%
04-01-2023 18042.90 -1.04%
05-01-2023 17992.20 -0.28%
06-01-2023 17859.40 -0.74%
09-01-2023 18101.20 1.35%
10-01-2023 17914.20 -1.03%
11-01-2023 17895.70 -0.10%
12-01-2023 17858.20 -0.21%
13-01-2023 17956.60 0.55%
16-01-2023 17894.80 -0.34%
17-01-2023 18053.30 0.89%
18-01-2023 18165.30 0.62%
19-01-2023 18107.80 -0.32%
20-01-2023 18027.70 -0.44%
23-01-2023 18118.60 0.50%
24-01-2023 18118.30 0.00%
25-01-2023 17891.90 -1.25%
27-01-2023 17604.30 -1.61%
30-01-2023 17648.90 0.25%
31-01-2023 17662.20 0.08%
01-02-2023 17616.30 -0.26%
02-02-2023 17610.40 -0.03%
03-02-2023 17854.10 1.38%
06-02-2023 17764.60 -0.50%
07-02-2023 17721.50 -0.24%
08-02-2023 17871.70 0.85%
09-02-2023 17893.40 0.12%
10-02-2023 17856.50 -0.21%
13-02-2023 17770.90 -0.48%
14-02-2023 17929.80 0.89%
15-02-2023 18015.80 0.48%
16-02-2023 18035.80 0.11%
17-02-2023 17944.20 -0.51%
20-02-2023 17844.60 -0.56%
21-02-2023 17826.70 -0.10%
22-02-2023 17554.30 -1.53%
23-02-2023 17511.30 -0.24%
24-02-2023 17465.80 -0.26%
27-02-2023 17392.70 -0.42%
28-02-2023 17303.90 -0.51%
01-03-2023 17450.90 0.85%
02-03-2023 17321.90 -0.74%
03-03-2023 17594.30 1.57%
06-03-2023 17711.40 0.67%
08-03-2023 17754.40 0.24%
09-03-2023 17589.60 -0.93%
10-03-2023 17412.90 -1.00%
13-03-2023 17154.30 -1.49%
 14-03-2023 17043.30 -0.65%
15-03-2023 16972.20 -0.42%
16-03-2023 16985.60 0.08%
17-03-2023 17100.10 0.67%
20-03-2023 16988.40 -0.65%
21-03-2023 17107.50 0.70%
22-03-2023 17151.90 0.26%
23-03-2023 17076.90 -0.44%
24-03-2023 16945.10 -0.77%
27-03-2023 16985.70 0.24%
28-03-2023 16951.7 -0.20%
29-03-2023 17080.7 0.76%

PARTICULARS HIGH GROWTH PHASE

2022-23 2023-24 2024-25 2025-26
Dividend Paid ₹391.04 ₹575.96 ₹801.82
Terminal Value
Total ₹391.04 ₹575.96 ₹801.82
Ke 6.94% 6.94% 6.94%
PVIF 0.9351 0.8744 0.8177
Value of Equity 398,294.93
value per Share 1480.65

Profit After Tax ₹2,865.74 ₹4,220.89 ₹5,876.16

Profit Growth Rate
Profit Growth Factor 3.66%

We Will sell the share as the share is overvalued

PARTICULARS HIGH GROWTH PHASE

2022-23 2023-24 2024-25 2025-26
PAT ₹2,865.74 ₹4,220.89 ₹5,876.16
Add: Int (1-t) ₹699.41 ₹925.58 ₹1,224.17
Add: NCC (Dep) ₹1,747.84 ₹2,089.51 ₹2,412.32
Working Capital ₹ 2,544.00 -₹153,252.86 -₹203,320.71 -₹269,076.78
Less: Net inv in WC -₹155,796.86 -₹50,067.85 -₹65,756.06
Less: Inv in FC (Capex) ₹3,307.00 ₹3,244.00 ₹3,043.00
FCFF ₹157,802.86 ₹54,059.83 ₹72,225.72
FCFF growth rate
FCFF growth rate factor 4.73%
Terminal Value
WACC 6.81% 6.80% 6.78%
 PVIF 0.936 0.877 0.821
Total ₹157,802.86 ₹54,059.83 ₹72,225.72
Value of firm ₹ 3,943,579.53
Less: Debt 597.00
Value of equity 3,942,982.53
Value per share 14,657.93

Rf 6% 6% 6%
Rm 7.18% 7.18% 7.18%
Rm factor -0.11%
Rp 1.18% 1.18% 1.18%
Beta 0.796 0.796 0.796
Beta Factor 0.008
Ke 6.94% 6.94% 6.94%
Kd post tax 6.46% 6.46% 6.46%
Wd 26.73% 29.65% 32.22%
We 73.27% 70.35% 67.78%
WACC 6.81% 6.80% 6.78%
We Will buy the share as the share is undervalued.

Company Name: ASTRAL Ltd.

Industry: Plastics - Tubes/Pipes/Hoses & Fittings
Comparable Companies: Finolex Ind Prince Pipes Jain Irrigation
Date of Valuation: 31-03-2023

PRICE BASED VALUATION

ASTRAL Ltd. :
Particulars Rs. (in Cr.) Multiple Market value of Equity

Total Earnings = 447.9 66.59 29826.92

Sales (Total Turnover) = 4,611.60 2.19 10089.94
Book Vaue = 99.63 94.86 9451.12
Market based Value of Equity= 16456
we will buy the share as it is undervalued

Comparable Companies:
Particulars Finolex Ind Prince Pipes Jain Irrigation Average

Market Cap. (P) 14618.44 6222.38 3410.76

Total Earnings (E) 236.59 121.42 39.32
Total Turnover (S) 4397.05 2710.87 3613.49
Book Value (BV) 78.03 123.37 72.87
P/E 61.79 51.25 86.74 66.59
P/S 3.32 2.3 0.94 2.19
P/BV 187.34 50.44 46.81 94.86
 EV BASED VALUATION

ASTRAL Ltd. :
Particulars Rs. (in Cr.) Multiple EV

Sales 4,611.60 2.461 11350.443

EBITDA 770.7 23.836 18370.021
Total Assets 2681.4 2.659 7129.936
Debt 2.1
Pref. Share Capital 0
Cash and Cash Eq. 446.6
EV= 12283.467
Market based Value of Equity= 12727.967
We will buy the share as it is undervalued.

Comparable Companies:
Particulars Finolex Ind Prince Pipes Jain Irrigation Average

Total Turnover (S) 4397.05 2710.87 3613.49

EBITDA 413.66 258.24 542.68
Total Assets 5,351.31 1422.11 7329.32
Market Value of Equity 14618.44 6222.38 3410.76
Debt 526.41 58.13 2737.06
Pref. Share Capital 0 0 0
Cash and Cash Eq. 60.6 124.41 68.45
EV 15084.25 6156.1 6079.37
EV/S 3.43 2.27 1.68 2.461
EV/EBITDA 36.47 23.84 11.2 23.836
EV/Total Assets 2.82 4.33 0.83 2.659

Source: https://www.moneycontrol.com/competition/astrallimited/comparison/APT02

Beta Calculation:-
Nifty 50(5 year data)
Date Adj Close Returns
02-04-2018 10211.80
03-04-2018 10245.00 0.325%
04-04-2018 10128.40 -1.138%
05-04-2018 10325.20 1.943%
06-04-2018 10331.60 0.062%
09-04-2018 10379.30 0.462%
10-04-2018 10402.30 0.222%
11-04-2018 10417.20 0.143%
12-04-2018 10458.70 0.398%
13-04-2018 10480.60 0.209%
16-04-2018 10528.30 0.455%
17-04-2018 10548.70 0.194%
18-04-2018 10526.20 -0.213%
19-04-2018 10565.30 0.371%
20-04-2018 10564.00 -0.012%
23-04-2018 10584.70 0.196%
24-04-2018 10614.30 0.280%
25-04-2018 10570.50 -0.413%
26-04-2018 10617.80 0.447%
27-04-2018 10692.30 0.702%
30-04-2018 10739.30 0.440%
02-05-2018 10718.00 -0.198%
03-05-2018 10679.70 -0.357%
04-05-2018 10618.30 -0.575%
07-05-2018 10715.50 0.915%
08-05-2018 10717.80 0.021%
09-05-2018 10741.70 0.223%
10-05-2018 10716.50 -0.235%
11-05-2018 10806.50 0.840%
14-05-2018 10806.60 0.001%
15-05-2018 10801.80 -0.044%
16-05-2018 10741.10 -0.562%
17-05-2018 10682.70 -0.544%
18-05-2018 10596.40 -0.808%
21-05-2018 10516.70 -0.752%
22-05-2018 10536.70 0.190%
23-05-2018 10430.30 -1.010%
24-05-2018 10513.80 0.801%
25-05-2018 10605.20 0.869%
28-05-2018 10688.70 0.787%
29-05-2018 10633.30 -0.518%
30-05-2018 10614.30 -0.179%
31-05-2018 10736.20 1.148%
01-06-2018 10696.20 -0.373%
04-06-2018 10628.50 -0.633%
05-06-2018 10593.20 -0.332%
06-06-2018 10684.70 0.864%
07-06-2018 10768.30 0.782%
08-06-2018 10767.70 -0.006%
11-06-2018 10787.00 0.179%
12-06-2018 10842.80 0.517%
13-06-2018 10856.70 0.128%
14-06-2018 10808.00 -0.449%
15-06-2018 10817.70 0.090%
18-06-2018 10799.80 -0.165%
19-06-2018 10710.50 -0.827%
20-06-2018 10772.00 0.574%
21-06-2018 10741.10 -0.287%
22-06-2018 10821.80 0.751%
25-06-2018 10762.50 -0.548%
26-06-2018 10769.20 0.062%
27-06-2018 10671.40 -0.908%
28-06-2018 10589.10 -0.771%
29-06-2018 10714.30 1.182%
02-07-2018 10657.30 -0.532%
03-07-2018 10699.90 0.400%
04-07-2018 10769.90 0.654%
05-07-2018 10749.80 -0.187%
06-07-2018 10772.70 0.213%
09-07-2018 10852.90 0.744%
10-07-2018 10947.30 0.870%
11-07-2018 10948.30 0.009%
12-07-2018 11023.20 0.684%
13-07-2018 11018.90 -0.039%
16-07-2018 10936.80 -0.745%
17-07-2018 11008.00 0.651%
18-07-2018 10980.50 -0.250%
19-07-2018 10957.10 -0.213%
20-07-2018 11010.20 0.485%
23-07-2018 11084.80 0.678%
24-07-2018 11134.30 0.447%
25-07-2018 11132.00 -0.021%
26-07-2018 11167.30 0.317%
27-07-2018 11278.30 0.994%
30-07-2018 11319.50 0.365%
31-07-2018 11356.50 0.327%
01-08-2018 11346.20 -0.091%
02-08-2018 11244.70 -0.895%
03-08-2018 11360.80 1.032%
06-08-2018 11387.10 0.231%
07-08-2018 11389.50 0.021%
08-08-2018 11450.00 0.531%
09-08-2018 11470.70 0.181%
10-08-2018 11429.50 -0.359%
13-08-2018 11355.80 -0.645%
14-08-2018 11435.10 0.698%
16-08-2018 11385.00 -0.438%
17-08-2018 11470.80 0.754%
20-08-2018 11551.80 0.706%
21-08-2018 11570.90 0.165%
23-08-2018 11582.80 0.103%
24-08-2018 11557.10 -0.222%
27-08-2018 11692.00 1.167%
28-08-2018 11738.50 0.398%
29-08-2018 11691.90 -0.397%
30-08-2018 11676.80 -0.129%
31-08-2018 11680.50 0.032%
03-09-2018 11582.30 -0.841%
04-09-2018 11520.30 -0.535%
05-09-2018 11477.00 -0.376%
06-09-2018 11536.90 0.522%
07-09-2018 11589.10 0.452%
10-09-2018 11438.10 -1.303%
11-09-2018 11287.50 -1.317%
12-09-2018 11369.90 0.730%
14-09-2018 11515.20 1.278%
17-09-2018 11377.80 -1.193%
18-09-2018 11278.90 -0.869%
19-09-2018 11234.30 -0.395%
21-09-2018 11143.10 -0.812%
24-09-2018 10967.40 -1.577%
25-09-2018 11067.50 0.913%
26-09-2018 11053.80 -0.124%
27-09-2018 10977.50 -0.690%
28-09-2018 10930.50 -0.428%
01-10-2018 11008.30 0.712%
03-10-2018 10858.30 -1.363%
04-10-2018 10599.30 -2.385%
05-10-2018 10316.50 -2.668%
08-10-2018 10348.00 0.305%
09-10-2018 10301.00 -0.454%
10-10-2018 10460.10 1.545%
11-10-2018 10234.70 -2.155%
12-10-2018 10472.50 2.323%
15-10-2018 10512.50 0.382%
16-10-2018 10584.80 0.688%
17-10-2018 10453.00 -1.245%
19-10-2018 10303.50 -1.430%
22-10-2018 10245.30 -0.565%
23-10-2018 10146.80 -0.961%
24-10-2018 10224.80 0.769%
25-10-2018 10124.90 -0.977%
26-10-2018 10030.00 -0.937%
29-10-2018 10250.80 2.201%
30-10-2018 10198.40 -0.511%
31-10-2018 10386.60 1.845%
01-11-2018 10380.50 -0.059%
02-11-2018 10553.00 1.662%
05-11-2018 10524.00 -0.275%
06-11-2018 10530.00 0.057%
07-11-2018 10598.40 0.650%
9-11-2018 10585.20 -0.125%
12-11-2018 10482.20 -0.973%
13-11-2018 10582.50 0.957%
14-11-2018 10576.30 -0.059%
15-11-2018 10616.70 0.382%
16-11-2018 10682.20 0.617%
19-11-2018 10763.40 0.760%
20-11-2018 10656.20 -0.996%
21-11-2018 10600.00 -0.527%
22-11-2018 10526.80 -0.691%
26-11-2018 10628.60 0.967%
27-11-2018 10685.60 0.536%
28-11-2018 10728.80 0.404%
29-11-2018 10858.70 1.211%
30-11-2018 10876.80 0.167%
03-12-2018 10883.80 0.064%
04-12-2018 10869.50 -0.131%
05-12-2018 10782.90 -0.797%
06-12-2018 10601.20 -1.685%
07-12-2018 10693.70 0.873%
10-12-2018 10488.50 -1.919%
11-12-2018 10549.20 0.579%
12-12-2018 10737.60 1.786%
13-12-2018 10791.50 0.502%
14-12-2018 10805.50 0.130%
17-12-2018 10888.30 0.766%
18-12-2018 10908.70 0.187%
19-12-2018 10967.30 0.537%
20-12-2018 10951.70 -0.142%
21-12-2018 10754.00 -1.805%
24-12-2018 10663.50 -0.842%
26-12-2018 10729.80 0.622%
27-12-2018 10779.80 0.466%
28-12-2018 10859.90 0.743%
31-12-2018 10862.50 0.024%
02-01-2019 10792.50 -0.644%
03-01-2019 10672.30 -1.114%
04-01-2019 10727.30 0.515%
07-01-2019 10771.80 0.415%
08-01-2019 10802.20 0.282%
09-01-2019 10855.20 0.491%
10-01-2019 10821.60 -0.310%
11-01-2019 10795.00 -0.246%
14-01-2019 10737.60 -0.532%
15-01-2019 10886.80 1.390%
16-01-2019 10890.30 0.032%
17-01-2019 10905.20 0.137%
18-01-2019 10907.00 0.017%
21-01-2019 10961.80 0.502%
22-01-2019 10922.80 -0.356%
23-01-2019 10831.50 -0.836%
24-01-2019 10849.80 0.169%
25-01-2019 10780.50 -0.639%
28-01-2019 10661.50 -1.104%
29-01-2019 10652.20 -0.087%
30-01-2019 10651.80 -0.004%
31-01-2019 10831.00 1.682%
01-02-2019 10893.70 0.579%
04-02-2019 10912.30 0.171%
05-02-2019 10934.30 0.202%
06-02-2019 11062.50 1.172%
07-02-2019 11069.40 0.062%
08-02-2019 10943.60 -1.136%
11-02-2019 10888.80 -0.501%
12-02-2019 10831.40 -0.527%
14-02-2019 10746.00 -0.788%
15-02-2019 10724.40 -0.201%
18-02-2019 10641.00 -0.778%
19-02-2019 10604.30 -0.345%
20-02-2019 10735.50 1.237%
21-02-2019 10789.80 0.506%
22-02-2019 10791.70 0.018%
25-02-2019 10880.10 0.819%
26-02-2019 10835.30 -0.412%
27-02-2019 10806.70 -0.264%
28-02-2019 10792.50 -0.131%
01-03-2019 10863.50 0.658%
05-03-2019 10987.50 1.141%
06-03-2019 11053.00 0.596%
07-03-2019 11058.20 0.047%
08-03-2019 11035.40 -0.206%
11-03-2019 11168.00 1.202%
12-03-2019 11301.20 1.193%
13-03-2019 11341.70 0.358%
14-03-2019 11343.30 0.014%
15-03-2019 11426.80 0.736%
18-03-2019 11462.20 0.310%
19-03-2019 11532.40 0.612%
20-03-2019 11521.00 -0.099%
22-03-2019 11456.90 -0.556%
25-03-2019 11354.30 -0.896%
26-03-2019 11483.30 1.136%
27-03-2019 11445.00 -0.334%
28-03-2019 11570.00 1.092%
01-04-2019 11669.20 0.857%
02-04-2019 11713.20 0.377%
03-04-2019 11644.00 -0.591%
04-04-2019 11598.00 -0.395%
05-04-2019 11666.00 0.586%
08-04-2019 11604.50 -0.527%
09-04-2019 11672.00 0.582%
10-04-2019 11584.30 -0.751%
11-04-2019 11596.70 0.107%
12-04-2019 11643.50 0.404%
15-04-2019 11690.30 0.402%
16-04-2019 11787.20 0.829%
18-04-2019 11752.80 -0.292%
22-04-2019 11594.50 -1.347%
23-04-2019 11576.00 -0.160%
24-04-2019 11726.20 1.298%
25-04-2019 11641.80 -0.720%
26-04-2019 11754.70 0.970%
30-04-2019 11748.20 -0.055%
02-05-2019 11724.80 -0.199%
03-05-2019 11712.30 -0.107%
06-05-2019 11598.30 -0.973%
07-05-2019 11497.90 -0.866%
08-05-2019 11359.50 -1.204%
09-05-2019 11301.80 -0.508%
10-05-2019 11278.90 -0.203%
13-05-2019 11148.20 -1.159%
14-05-2019 11222.00 0.662%
15-05-2019 11157.00 -0.579%
16-05-2019 11257.10 0.897%
17-05-2019 11407.20 1.333%
20-05-2019 11828.30 3.692%
21-05-2019 11709.10 -1.008%
22-05-2019 11737.90 0.246%
23-05-2019 11657.00 -0.689%
24-05-2019 11844.10 1.605%
27-05-2019 11924.80 0.681%
28-05-2019 11928.80 0.034%
29-05-2019 11861.10 -0.568%
30-05-2019 11945.90 0.715%
31-05-2019 11922.80 -0.193%
03-06-2019 12088.50 1.390%
04-06-2019 12021.70 -0.553%
06-06-2019 11843.80 -1.480%
07-06-2019 11870.70 0.227%
10-06-2019 11922.70 0.438%
11-06-2019 11965.60 0.360%
12-06-2019 11906.20 -0.496%
13-06-2019 11914.00 0.066%
14-06-2019 11823.30 -0.761%
17-06-2019 11672.20 -1.278%
18-06-2019 11691.50 0.165%
19-06-2019 11691.50 0.000%
20-06-2019 11831.80 1.200%
21-06-2019 11724.10 -0.910%
24-06-2019 11699.70 -0.208%
25-06-2019 11796.50 0.827%
26-06-2019 11847.50 0.432%
27-06-2019 11841.50 -0.051%
28-06-2019 11788.80 -0.445%
01-07-2019 11865.60 0.651%
02-07-2019 11910.30 0.377%
03-07-2019 11916.80 0.055%
04-07-2019 11946.80 0.252%
05-07-2019 11811.20 -1.135%
08-07-2019 11558.60 -2.139%
09-07-2019 11555.90 -0.023%
10-07-2019 11498.90 -0.493%
11-07-2019 11582.90 0.731%
12-07-2019 11552.50 -0.262%
15-07-2019 11588.30 0.310%
16-07-2019 11662.60 0.641%
17-07-2019 11687.50 0.214%
18-07-2019 11596.90 -0.775%
19-07-2019 11419.30 -1.531%
22-07-2019 11346.20 -0.640%
23-07-2019 11331.00 -0.134%
24-07-2019 11271.30 -0.527%
25-07-2019 11252.20 -0.169%
26-07-2019 11284.30 0.285%
29-07-2019 11189.20 -0.843%
30-07-2019 11085.40 -0.928%
31-07-2019 11118.00 0.294%
01-08-2019 10980.00 -1.241%
02-08-2019 10997.30 0.158%
05-08-2019 10862.60 -1.225%
06-08-2019 10948.30 0.789%
07-08-2019 10855.50 -0.848%
08-08-2019 11032.50 1.631%
09-08-2019 11109.70 0.700%
13-08-2019 10925.80 -1.655%
14-08-2019 11029.40 0.948%
16-08-2019 11047.80 0.167%
19-08-2019 11053.90 0.055%
20-08-2019 11017.00 -0.334%
21-08-2019 10918.70 -0.892%
22-08-2019 10741.30 -1.625%
23-08-2019 10829.30 0.819%
26-08-2019 11057.80 2.110%
27-08-2019 11105.30 0.430%
28-08-2019 11046.10 -0.533%
29-08-2019 10948.30 -0.885%
30-08-2019 11023.30 0.685%
03-09-2019 10797.90 -2.045%
04-09-2019 10844.70 0.433%
05-09-2019 10847.90 0.030%
06-09-2019 10946.20 0.906%
09-09-2019 11003.00 0.519%
11-09-2019 11035.70 0.297%
12-09-2019 10982.80 -0.479%
13-09-2019 11075.90 0.848%
16-09-2019 11003.50 -0.654%
17-09-2019 10817.60 -1.689%
18-09-2019 10840.70 0.214%
19-09-2019 10704.80 -1.254%
20-09-2019 11274.20 5.319%
23-09-2019 11600.20 2.892%
24-09-2019 11588.20 -0.103%
25-09-2019 11440.20 -1.277%
26-09-2019 11571.20 1.145%
27-09-2019 11512.40 -0.508%
30-09-2019 11474.50 -0.329%
01-10-2019 11359.90 -0.999%
03-10-2019 11314.00 -0.404%
04-10-2019 11174.80 -1.230%
07-10-2019 11126.40 -0.433%
09-10-2019 11313.30 1.680%
10-10-2019 11234.50 -0.697%
11-10-2019 11305.00 0.628%
14-10-2019 11341.20 0.320%
15-10-2019 11428.30 0.768%
16-10-2019 11464.00 0.312%
17-10-2019 11586.30 1.067%
18-10-2019 11661.80 0.652%
22-10-2019 11588.30 -0.630%
23-10-2019 11604.10 0.136%
24-10-2019 11582.60 -0.185%
25-10-2019 11583.90 0.011%
29-10-2019 11786.80 1.752%
30-10-2019 11844.10 0.486%
31-10-2019 11877.50 0.282%
1-11-2019 11890.60 0.110%
4-11-2019 11941.30 0.426%
5-11-2019 11917.20 -0.202%
6-11-2019 11966.00 0.409%
7-11-2019 12012.00 0.384%
8-11-2019 11908.20 -0.864%
11-11-2019 11913.50 0.045%
13-11-2019 11840.50 -0.613%
14-11-2019 11872.10 0.267%
15-11-2019 11895.50 0.197%
18-11-2019 11884.50 -0.092%
19-11-2019 11940.10 0.468%
20-11-2019 11999.10 0.494%
21-11-2019 11968.40 -0.256%
22-11-2019 11914.40 -0.451%
25-11-2019 12073.80 1.338%
26-11-2019 12037.70 -0.299%
27-11-2019 12100.70 0.523%
28-11-2019 12151.20 0.417%
29-11-2019 12056.00 -0.783%
2-12-2019 12048.20 -0.065%
3-12-2019 11994.20 -0.448%
4-12-2019 12043.20 0.409%
5-12-2019 12018.40 -0.206%
6-12-2019 11921.50 -0.806%
9-12-2019 11937.50 0.134%
10-12-2019 11856.80 -0.676%
11-12-2019 11910.20 0.450%
12-12-2019 11971.80 0.517%
13-12-2019 12086.70 0.960%
16-12-2019 12054.00 -0.271%
17-12-2019 12165.00 0.921%
18-12-2019 12221.70 0.466%
19-12-2019 12259.70 0.311%
20-12-2019 12271.80 0.099%
23-12-2019 12262.80 -0.073%
24-12-2019 12214.50 -0.394%
26-12-2019 12126.50 -0.720%
27-12-2019 12245.80 0.984%
30-12-2019 12255.80 0.082%
31-12-2019 12168.50 -0.712%
1-1-2020 12182.50 0.115%
2-1-2020 12282.20 0.818%
3-1-2020 12226.70 -0.452%
6-1-2020 11993.00 -1.911%
7-1-2020 12053.00 0.500%
8-1-2020 12025.30 -0.230%
9-1-2020 12215.90 1.585%
10-01-2020 12256.80 0.335%
13-01-2020 12329.50 0.593%
14-01-2020 12362.30 0.266%
15-01-2020 12343.30 -0.154%
16-01-2020 12355.50 0.099%
17-01-2020 12352.30 -0.026%
20-01-2020 12224.50 -1.035%
21-01-2020 12169.80 -0.447%
22-01-2020 12106.90 -0.517%
23-01-2020 12180.30 0.606%
24-01-2020 12248.30 0.558%
27-01-2020 12119.00 -1.056%
28-01-2020 12055.80 -0.521%
29-01-2020 12129.50 0.611%
30-01-2020 12035.80 -0.772%
31-01-2020 11962.10 -0.612%
03-02-2020 11707.90 -2.125%
04-02-2020 11979.70 2.322%
05-02-2020 12089.20 0.914%
06-02-2020 12138.00 0.404%
07-02-2020 12098.30 -0.327%
10-02-2020 12031.50 -0.552%
11-02-2020 12107.90 0.635%
12-02-2020 12201.20 0.771%
13-02-2020 12174.70 -0.217%
14-02-2020 12113.50 -0.503%
17-02-2020 12045.80 -0.559%
18-02-2020 11992.50 -0.442%
19-02-2020 12125.90 1.112%
20-02-2020 12080.80 -0.372%
24-02-2020 11829.40 -2.081%
25-02-2020 11797.90 -0.266%
26-02-2020 11678.50 -1.012%
27-02-2020 11633.30 -0.387%
28-02-2020 11201.80 -3.709%
02-03-2020 11132.80 -0.616%
03-03-2020 11303.30 1.532%
04-03-2020 11251.00 -0.463%
05-03-2020 11269.00 0.160%
06-03-2020 10989.50 -2.480%
09-03-2020 10451.50 -4.896%
11-03-2020 10458.40 0.066%
12-03-2020 9590.15 -8.302%
13-03-2020 9955.20 3.807%
16-03-2020 9197.40 -7.612%
17-03-2020 8967.05 -2.505%
18-03-2020 8468.80 -5.556%
19-03-2020 8263.45 -2.425%
20-03-2020 8745.45 5.833%
23-03-2020 7610.25 -12.980%
24-03-2020 7801.05 2.507%
25-03-2020 8317.85 6.625%
26-03-2020 8641.45 3.890%
27-03-2020 8660.25 0.218%
30-03-2020 8281.10 -4.378%
31-03-2020 8597.75 3.824%
01-04-2020 8253.80 -4.000%
03-04-2020 8083.80 -2.060%
07-04-2020 8792.20 8.763%
08-04-2020 8748.75 -0.494%
09-04-2020 9111.90 4.151%
13-04-2020 8993.85 -1.296%
15-04-2020 8925.30 -0.762%
16-04-2020 8992.80 0.756%
17-04-2020 9266.75 3.046%
20-04-2020 9261.85 -0.053%
21-04-2020 8981.45 -3.027%
22-04-2020 9187.30 2.292%
23-04-2020 9313.90 1.378%
24-04-2020 9154.40 -1.712%
27-04-2020 9282.30 1.397%
28-04-2020 9380.90 1.062%
29-04-2020 9553.35 1.838%
30-04-2020 9859.90 3.209%
04-05-2020 9293.50 -5.744%
05-05-2020 9205.60 -0.946%
06-05-2020 9270.90 0.709%
07-05-2020 9199.05 -0.775%
08-05-2020 9251.50 0.570%
11-05-2020 9239.20 -0.133%
12-05-2020 9196.55 -0.462%
13-05-2020 9383.55 2.033%
14-05-2020 9142.75 -2.566%
15-05-2020 9136.85 -0.065%
18-05-2020 8823.25 -3.432%
19-05-2020 8879.10 0.633%
20-05-2020 9066.55 2.111%
21-05-2020 9106.25 0.438%
22-05-2020 9039.25 -0.736%
26-05-2020 9029.05 -0.113%
27-05-2020 9314.95 3.166%
28-05-2020 9490.10 1.880%
29-05-2020 9580.30 0.950%
01-06-2020 9826.15 2.566%
02-06-2020 9979.10 1.557%
03-06-2020 10061.50 0.826%
04-06-2020 10029.10 -0.322%
05-06-2020 10142.20 1.128%
08-06-2020 10167.50 0.249%
09-06-2020 10046.70 -1.188%
10-06-2020 10116.20 0.692%
11-06-2020 9902.00 -2.117%
12-06-2020 9972.90 0.716%
15-06-2020 9813.70 -1.596%
16-06-2020 9914.00 1.022%
17-06-2020 9881.15 -0.331%
18-06-2020 10091.70 2.131%
19-06-2020 10244.40 1.513%
22-06-2020 10311.20 0.652%
23-06-2020 10471.00 1.550%
24-06-2020 10305.30 -1.582%
25-06-2020 10288.90 -0.159%
26-06-2020 10383.00 0.915%
29-06-2020 10312.40 -0.680%
30-06-2020 10302.10 -0.100%
01-07-2020 10430.00 1.241%
02-07-2020 10551.70 1.167%
03-07-2020 10607.30 0.527%
06-07-2020 10763.70 1.474%
07-07-2020 10799.70 0.334%
08-07-2020 10705.80 -0.869%
09-07-2020 10813.50 1.006%
10-07-2020 10768.00 -0.421%
13-07-2020 10802.70 0.322%
14-07-2020 10607.30 -1.809%
15-07-2020 10618.20 0.103%
16-07-2020 10740.00 1.147%
17-07-2020 10901.70 1.506%
20-07-2020 11022.20 1.105%
21-07-2020 11162.30 1.271%
22-07-2020 11132.60 -0.266%
23-07-2020 11215.50 0.745%
24-07-2020 11194.20 -0.190%
27-07-2020 11131.80 -0.557%
28-07-2020 11300.50 1.515%
29-07-2020 11202.80 -0.865%
30-07-2020 11102.20 -0.898%
31-07-2020 11073.50 -0.259%
03-08-2020 10891.60 -1.643%
04-08-2020 11095.30 1.870%
05-08-2020 11101.70 0.058%
06-08-2020 11200.20 0.887%
07-08-2020 11214.00 0.123%
10-08-2020 11270.20 0.501%
11-08-2020 11322.50 0.464%
12-08-2020 11308.40 -0.125%
13-08-2020 11300.50 -0.070%
14-08-2020 11178.40 -1.080%
17-08-2020 11247.10 0.615%
18-08-2020 11385.30 1.229%
19-08-2020 11408.40 0.203%
20-08-2020 11312.20 -0.843%
21-08-2020 11371.60 0.525%
24-08-2020 11466.50 0.835%
25-08-2020 11472.30 0.051%
26-08-2020 11549.60 0.674%
27-08-2020 11559.30 0.084%
28-08-2020 11647.60 0.764%
31-08-2020 11387.50 -2.233%
01-09-2020 11470.30 0.727%
02-09-2020 11535.00 0.564%
03-09-2020 11527.50 -0.065%
04-09-2020 11333.80 -1.680%
07-09-2020 11355.00 0.187%
08-09-2020 11317.30 -0.332%
09-09-2020 11278.00 -0.347%
10-09-2020 11449.30 1.519%
11-09-2020 11464.50 0.133%
14-09-2020 11440.00 -0.214%
15-09-2020 11521.80 0.715%
16-09-2020 11604.50 0.718%
17-09-2020 11516.10 -0.762%
18-09-2020 11505.00 -0.096%
21-09-2020 11250.50 -2.212%
22-09-2020 11153.70 -0.860%
23-09-2020 11131.80 -0.196%
24-09-2020 10805.50 -2.931%
25-09-2020 11050.30 2.266%
28-09-2020 11227.50 1.604%
29-09-2020 11222.40 -0.045%
30-09-2020 11247.50 0.224%
01-10-2020 11417.00 1.507%
05-10-2020 11503.30 0.756%
06-10-2020 11662.40 1.383%
07-10-2020 11738.80 0.655%
08-10-2020 11834.60 0.816%
09-10-2020 11914.20 0.673%
12-10-2020 11931.00 0.141%
13-10-2020 11934.50 0.029%
14-10-2020 11971.00 0.306%
15-10-2020 11680.30 -2.428%
16-10-2020 11762.50 0.704%
19-10-2020 11873.00 0.939%
20-10-2020 11896.80 0.200%
21-10-2020 11937.70 0.344%
22-10-2020 11896.50 -0.345%
23-10-2020 11930.30 0.284%
26-10-2020 11767.80 -1.362%
27-10-2020 11889.40 1.033%
28-10-2020 11729.60 -1.344%
29-10-2020 11670.80 -0.501%
30-10-2020 11642.40 -0.243%
2-11-2020 11669.20 0.230%
3-11-2020 11813.50 1.237%
4-11-2020 11908.50 0.804%
05-11-2020 12120.30 1.779%
06-11-2020 12263.50 1.181%
09-11-2020 12461.00 1.610%
10-11-2020 12631.10 1.365%
11-11-2020 12749.20 0.935%
12-11-2020 12690.80 -0.458%
13-11-2020 12720.00 0.230%
17-11-2020 12874.20 1.212%
18-11-2020 12938.30 0.498%
19-11-2020 12771.70 -1.288%
20-11-2020 12859.00 0.684%
23-11-2020 12926.50 0.525%
24-11-2020 13055.20 0.996%
25-11-2020 12858.40 -1.507%
26-11-2020 12987.00 1.000%
27-11-2020 12969.00 -0.139%
1-12-2020 13109.00 1.079%
2-12-2020 13113.80 0.037%
3-12-2020 13133.90 0.153%
04-12-2020 13258.50 0.949%
07-12-2020 13355.80 0.734%
08-12-2020 13393.00 0.279%
09-12-2020 13529.10 1.016%
10-12-2020 13478.30 -0.375%
11-12-2020 13513.80 0.263%
14-12-2020 13558.20 0.329%
15-12-2020 13567.80 0.071%
16-12-2020 13682.70 0.847%
17-12-2020 13740.70 0.424%
18-12-2020 13760.50 0.144%
21-12-2020 13328.40 -3.140%
22-12-2020 13466.30 1.035%
23-12-2020 13601.10 1.001%
24-12-2020 13749.30 1.090%
28-12-2020 13873.20 0.901%
29-12-2020 13932.60 0.428%
30-12-2020 13982.00 0.355%
31-12-2020 13981.80 -0.001%
1-1-2021 14018.50 0.262%
4-1-2021 14132.90 0.816%
5-1-2021 14199.50 0.471%
6-1-2021 14146.30 -0.375%
07-01-2021 14137.30 -0.064%
08-01-2021 14347.30 1.485%
11-01-2021 14484.80 0.958%
12-01-2021 14563.50 0.543%
13-01-2021 14564.80 0.009%
14-01-2021 14595.60 0.211%
15-01-2021 14433.70 -1.109%
18-01-2021 14281.30 -1.056%
19-01-2021 14521.20 1.680%
20-01-2021 14644.70 0.850%
21-01-2021 14590.30 -0.371%
22-01-2021 14371.90 -1.497%
25-01-2021 14238.90 -0.925%
27-01-2021 13967.50 -1.906%
28-01-2021 13817.50 -1.074%
29-01-2021 13634.60 -1.324%
01-02-2021 14281.20 4.742%
02-02-2021 14647.80 2.567%
03-02-2021 14790.00 0.971%
04-02-2021 14895.70 0.715%
05-02-2021 14924.30 0.192%
08-02-2021 15115.80 1.283%
09-02-2021 15109.30 -0.043%
10-02-2021 15106.50 -0.019%
11-02-2021 15173.30 0.442%
12-02-2021 15163.30 -0.066%
15-02-2021 15314.70 0.998%
16-02-2021 15313.50 -0.008%
17-02-2021 15208.90 -0.683%
18-02-2021 15119.00 -0.591%
19-02-2021 14981.80 -0.907%
22-02-2021 14675.70 -2.043%
23-02-2021 14707.80 0.219%
24-02-2021 14982.00 1.864%
25-02-2021 15097.30 0.770%
26-02-2021 14529.20 -3.763%
01-03-2021 14761.50 1.599%
02-03-2021 14919.10 1.068%
03-03-2021 15245.60 2.188%
04-03-2021 15080.80 -1.081%
05-03-2021 14938.10 -0.946%
08-03-2021 14956.20 0.121%
09-03-2021 15098.40 0.951%
10-03-2021 15174.80 0.506%
12-03-2021 15031.00 -0.948%
15-03-2021 14929.50 -0.675%
16-03-2021 14910.50 -0.127%
17-03-2021 14721.30 -1.269%
18-03-2021 14557.80 -1.111%
19-03-2021 14744.00 1.279%
22-03-2021 14736.40 -0.052%
23-03-2021 14814.80 0.532%
24-03-2021 14549.40 -1.791%
25-03-2021 14324.90 -1.543%
26-03-2021 14507.30 1.273%
30-03-2021 14845.10 2.328%
31-03-2021 14690.70 -1.040%
01-04-2021 14867.30 1.202%
05-04-2021 14637.80 -1.544%
06-04-2021 14683.50 0.312%
07-04-2021 14819.00 0.923%
08-04-2021 14873.80 0.370%
09-04-2021 14834.80 -0.262%
12-04-2021 14310.80 -3.532%
13-04-2021 14504.80 1.356%
15-04-2021 14581.50 0.529%
16-04-2021 14617.80 0.249%
19-04-2021 14359.50 -1.767%
20-04-2021 14296.40 -0.439%
22-04-2021 14406.20 0.768%
23-04-2021 14341.30 -0.451%
26-04-2021 14485.00 1.002%
27-04-2021 14653.00 1.160%
28-04-2021 14864.50 1.443%
29-04-2021 14894.90 0.205%
30-04-2021 14631.10 -1.771%
03-05-2021 14634.20 0.021%
04-05-2021 14496.50 -0.941%
05-05-2021 14617.80 0.837%
06-05-2021 14724.80 0.732%
07-05-2021 14823.20 0.668%
10-05-2021 14942.30 0.803%
11-05-2021 14850.80 -0.612%
12-05-2021 14696.50 -1.039%
14-05-2021 14677.80 -0.127%
17-05-2021 14923.20 1.672%
18-05-2021 15108.10 1.239%
19-05-2021 15030.20 -0.516%
20-05-2021 14906.00 -0.826%
21-05-2021 15175.30 1.807%
24-05-2021 15197.70 0.148%
25-05-2021 15208.50 0.071%
26-05-2021 15301.50 0.612%
27-05-2021 15337.80 0.237%
28-05-2021 15435.70 0.638%
31-05-2021 15582.80 0.953%
01-06-2021 15574.80 -0.051%
02-06-2021 15576.20 0.009%
03-06-2021 15690.30 0.733%
04-06-2021 15670.30 -0.127%
07-06-2021 15751.70 0.519%
08-06-2021 15740.10 -0.074%
09-06-2021 15635.30 -0.666%
10-06-2021 15737.80 0.656%
11-06-2021 15799.30 0.391%
14-06-2021 15811.80 0.079%
15-06-2021 15869.30 0.364%
16-06-2021 15767.50 -0.641%
17-06-2021 15691.40 -0.483%
18-06-2021 15683.30 -0.052%
21-06-2021 15746.50 0.403%
22-06-2021 15772.80 0.167%
23-06-2021 15687.00 -0.544%
24-06-2021 15790.50 0.660%
25-06-2021 15860.30 0.442%
28-06-2021 15814.70 -0.288%
29-06-2021 15748.50 -0.419%
30-06-2021 15721.50 -0.171%
01-07-2021 15680.00 -0.264%
02-07-2021 15722.20 0.269%
05-07-2021 15834.30 0.713%
06-07-2021 15818.30 -0.101%
07-07-2021 15879.70 0.388%
08-07-2021 15727.90 -0.956%
09-07-2021 15689.80 -0.242%
12-07-2021 15692.60 0.018%
13-07-2021 15812.30 0.763%
14-07-2021 15854.00 0.264%
15-07-2021 15924.20 0.443%
16-07-2021 15923.40 -0.005%
19-07-2021 15752.40 -1.074%
20-07-2021 15632.10 -0.764%
22-07-2021 15824.00 1.228%
23-07-2021 15856.00 0.202%
26-07-2021 15824.50 -0.199%
27-07-2021 15746.50 -0.493%
28-07-2021 15709.40 -0.236%
29-07-2021 15778.50 0.440%
30-07-2021 15763.00 -0.098%
02-08-2021 15885.20 0.775%
03-08-2021 16130.80 1.546%
04-08-2021 16258.80 0.794%
05-08-2021 16294.60 0.220%
06-08-2021 16238.20 -0.346%
09-08-2021 16258.30 0.124%
10-08-2021 16280.10 0.134%
11-08-2021 16282.30 0.014%
12-08-2021 16364.40 0.504%
13-08-2021 16529.10 1.006%
16-08-2021 16563.10 0.206%
17-08-2021 16614.60 0.311%
18-08-2021 16568.80 -0.276%
20-08-2021 16450.50 -0.714%
23-08-2021 16496.40 0.279%
24-08-2021 16624.60 0.777%
25-08-2021 16634.70 0.061%
26-08-2021 16636.90 0.013%
27-08-2021 16705.20 0.411%
30-08-2021 16931.10 1.352%
31-08-2021 17132.20 1.188%
01-09-2021 17076.30 -0.326%
02-09-2021 17234.20 0.925%
03-09-2021 17323.60 0.519%
06-09-2021 17377.80 0.313%
07-09-2021 17362.10 -0.090%
08-09-2021 17353.50 -0.050%
09-09-2021 17369.30 0.091%
13-09-2021 17355.30 -0.081%
14-09-2021 17380.00 0.142%
15-09-2021 17519.40 0.802%
16-09-2021 17629.50 0.628%
17-09-2021 17585.20 -0.251%
20-09-2021 17396.90 -1.071%
21-09-2021 17562.00 0.949%
22-09-2021 17546.70 -0.087%
23-09-2021 17822.90 1.574%
24-09-2021 17853.20 0.170%
27-09-2021 17855.10 0.011%
28-09-2021 17748.60 -0.596%
29-09-2021 17711.30 -0.210%
30-09-2021 17618.20 -0.526%
01-10-2021 17532.10 -0.489%
04-10-2021 17691.30 0.908%
05-10-2021 17822.30 0.740%
06-10-2021 17646.00 -0.989%
07-10-2021 17790.30 0.818%
08-10-2021 17895.20 0.590%
11-10-2021 17945.90 0.283%
12-10-2021 17991.90 0.256%
13-10-2021 18161.80 0.944%
14-10-2021 18338.60 0.973%
18-10-2021 18477.10 0.755%
19-10-2021 18418.80 -0.316%
20-10-2021 18266.60 -0.826%
21-10-2021 18178.10 -0.484%
22-10-2021 18114.90 -0.348%
25-10-2021 18125.40 0.058%
26-10-2021 18268.40 0.789%
27-10-2021 18210.90 -0.315%
28-10-2021 17857.30 -1.942%
29-10-2021 17671.70 -1.039%
1-11-2021 17929.70 1.460%
2-11-2021 17888.90 -0.228%
3-11-2021 17829.20 -0.334%
4-11-2021 17916.80 0.491%
08-11-2021 18068.60 0.847%
09-11-2021 18044.30 -0.134%
10-11-2021 18017.20 -0.150%
11-11-2021 17873.60 -0.797%
12-11-2021 18102.80 1.282%
15-11-2021 18109.40 0.036%
16-11-2021 17999.20 -0.609%
17-11-2021 17898.70 -0.558%
18-11-2021 17764.80 -0.748%
22-11-2021 17416.60 -1.960%
23-11-2021 17503.30 0.498%
24-11-2021 17415.10 -0.504%
25-11-2021 17536.30 0.696%
26-11-2021 17026.40 -2.908%
29-11-2021 17053.90 0.162%
30-11-2021 16983.20 -0.415%
1-12-2021 17166.90 1.082%
2-12-2021 17401.70 1.368%
3-12-2021 17196.70 -1.178%
6-12-2021 16912.30 -1.654%
7-12-2021 17176.70 1.563%
08-12-2021 17469.80 1.706%
09-12-2021 17516.80 0.269%
10-12-2021 17511.30 -0.031%
13-12-2021 17368.30 -0.817%
14-12-2021 17324.90 -0.250%
15-12-2021 17221.40 -0.597%
16-12-2021 17248.40 0.157%
17-12-2021 16985.20 -1.526%
20-12-2021 16614.20 -2.184%
21-12-2021 16770.80 0.943%
22-12-2021 16955.40 1.101%
23-12-2021 17072.60 0.691%
24-12-2021 17003.80 -0.403%
27-12-2021 17086.30 0.485%
28-12-2021 17233.30 0.860%
29-12-2021 17213.60 -0.114%
30-12-2021 17203.90 -0.056%
31-12-2021 17354.10 0.873%
3-1-2022 17625.70 1.565%
4-1-2022 17805.30 1.019%
5-1-2022 17925.30 0.674%
6-1-2022 17745.90 -1.001%
07-01-2022 17812.70 0.376%
10-01-2022 18003.30 1.070%
11-01-2022 18055.80 0.292%
12-01-2022 18212.30 0.867%
13-01-2022 18257.80 0.250%
14-01-2022 18255.80 -0.011%
17-01-2022 18308.10 0.286%
18-01-2022 18113.10 -1.065%
19-01-2022 17938.40 -0.964%
20-01-2022 17757.00 -1.011%
21-01-2022 17617.20 -0.787%
24-01-2022 17149.10 -2.657%
25-01-2022 17277.90 0.751%
27-01-2022 17110.20 -0.971%
28-01-2022 17101.90 -0.049%
31-01-2022 17339.80 1.391%
01-02-2022 17576.80 1.367%
02-02-2022 17780.00 1.156%
03-02-2022 17560.20 -1.236%
04-02-2022 17516.30 -0.250%
07-02-2022 17213.60 -1.728%
08-02-2022 17266.80 0.309%
09-02-2022 17463.80 1.141%
10-02-2022 17605.80 0.813%
11-02-2022 17374.80 -1.312%
14-02-2022 16842.80 -3.062%
15-02-2022 17352.40 3.026%
16-02-2022 17322.20 -0.174%
17-02-2022 17304.60 -0.102%
18-02-2022 17276.30 -0.164%
21-02-2022 17206.70 -0.403%
22-02-2022 17092.20 -0.665%
23-02-2022 17063.30 -0.169%
24-02-2022 16248.00 -4.778%
25-02-2022 16658.40 2.526%
28-02-2022 16793.90 0.813%
02-03-2022 16605.90 -1.119%
03-03-2022 16498.10 -0.649%
04-03-2022 16245.30 -1.532%
07-03-2022 15863.20 -2.352%
08-03-2022 16013.50 0.947%
09-03-2022 16345.30 2.072%
10-03-2022 16594.90 1.527%
11-03-2022 16630.40 0.214%
14-03-2022 16871.30 1.449%
15-03-2022 16663.00 -1.235%
16-03-2022 16975.30 1.874%
17-03-2022 17287.10 1.837%
21-03-2022 17117.60 -0.980%
22-03-2022 17315.50 1.156%
23-03-2022 17245.70 -0.403%
24-03-2022 17222.80 -0.133%
25-03-2022 17153.00 -0.405%
28-03-2022 17222.00 0.402%
29-03-2022 17325.30 0.600%
30-03-2022 17498.30 0.999%
31-03-2022 17464.80 -0.191%
01-04-2022 17670.40 1.177%
04-04-2022 18053.40 2.167%
05-04-2022 17957.40 -0.532%
06-04-2022 17807.70 -0.834%
07-04-2022 17639.60 -0.944%
08-04-2022 17784.30 0.820%
11-04-2022 17674.90 -0.615%
12-04-2022 17530.30 -0.818%
13-04-2022 17475.70 -0.311%
18-04-2022 17173.70 -1.728%
19-04-2022 16958.70 -1.252%
20-04-2022 17136.60 1.049%
21-04-2022 17392.60 1.494%
22-04-2022 17171.90 -1.269%
25-04-2022 16953.90 -1.270%
26-04-2022 17200.80 1.456%
27-04-2022 17038.40 -0.944%
28-04-2022 17245.10 1.213%
29-04-2022 17102.60 -0.826%
02-05-2022 17069.10 -0.196%
04-05-2022 16677.60 -2.294%
05-05-2022 16682.70 0.031%
06-05-2022 16411.30 -1.627%
09-05-2022 16301.80 -0.667%
10-05-2022 16240.00 -0.379%
11-05-2022 16167.10 -0.449%
12-05-2022 15808.00 -2.221%
13-05-2022 15782.20 -0.163%
16-05-2022 15842.30 0.381%
17-05-2022 16259.30 2.632%
18-05-2022 16240.30 -0.117%
19-05-2022 15809.40 -2.653%
20-05-2022 16266.20 2.889%
23-05-2022 16214.70 -0.317%
24-05-2022 16125.20 -0.552%
25-05-2022 16025.80 -0.616%
26-05-2022 16170.20 0.901%
27-05-2022 16352.50 1.127%
30-05-2022 16661.40 1.889%
31-05-2022 16584.60 -0.461%
01-06-2022 16522.80 -0.373%
02-06-2022 16628.00 0.637%
03-06-2022 16584.30 -0.263%
06-06-2022 16569.60 -0.089%
07-06-2022 16416.30 -0.925%
08-06-2022 16356.30 -0.365%
09-06-2022 16478.10 0.745%
10-06-2022 16201.80 -1.677%
13-06-2022 15774.40 -2.638%
14-06-2022 15732.10 -0.268%
15-06-2022 15692.20 -0.254%
16-06-2022 15360.60 -2.113%
17-06-2022 15293.50 -0.437%
20-06-2022 15350.20 0.371%
21-06-2022 15638.80 1.880%
22-06-2022 15413.30 -1.442%
23-06-2022 15556.70 0.930%
24-06-2022 15699.30 0.917%
27-06-2022 15832.00 0.845%
28-06-2022 15850.20 0.115%
29-06-2022 15799.10 -0.322%
30-06-2022 15780.30 -0.119%
01-07-2022 15752.00 -0.179%
04-07-2022 15835.30 0.529%
05-07-2022 15810.80 -0.155%
06-07-2022 15989.80 1.132%
07-07-2022 16132.90 0.895%
08-07-2022 16220.60 0.544%
11-07-2022 16216.00 -0.028%
12-07-2022 16058.30 -0.972%
13-07-2022 15966.70 -0.570%
14-07-2022 15938.70 -0.175%
15-07-2022 16049.20 0.693%
18-07-2022 16278.50 1.429%
19-07-2022 16340.50 0.381%
20-07-2022 16520.80 1.103%
21-07-2022 16605.30 0.511%
22-07-2022 16719.40 0.687%
25-07-2022 16631.00 -0.529%
26-07-2022 16483.80 -0.885%
27-07-2022 16641.80 0.959%
28-07-2022 16929.60 1.729%
29-07-2022 17158.30 1.351%
01-08-2022 17340.10 1.060%
02-08-2022 17345.40 0.031%
03-08-2022 17388.20 0.247%
04-08-2022 17382.00 -0.036%
05-08-2022 17397.50 0.089%
08-08-2022 17525.10 0.733%
10-08-2022 17534.80 0.055%
11-08-2022 17659.00 0.708%
12-08-2022 17698.20 0.222%
16-08-2022 17825.30 0.718%
17-08-2022 17944.30 0.668%
18-08-2022 17956.50 0.068%
19-08-2022 17758.40 -1.103%
22-08-2022 17490.70 -1.507%
23-08-2022 17577.50 0.496%
24-08-2022 17604.90 0.156%
25-08-2022 17522.40 -0.469%
26-08-2022 17558.90 0.208%
29-08-2022 17312.90 -1.401%
30-08-2022 17759.30 2.578%
01-09-2022 17542.80 -1.219%
02-09-2022 17539.40 -0.019%
05-09-2022 17665.80 0.721%
06-09-2022 17655.60 -0.058%
07-09-2022 17624.40 -0.177%
08-09-2022 17798.80 0.990%
09-09-2022 17833.30 0.194%
12-09-2022 17936.30 0.578%
13-09-2022 18070.10 0.746%
14-09-2022 18003.80 -0.367%
15-09-2022 17877.40 -0.702%
16-09-2022 17530.80 -1.939%
19-09-2022 17622.30 0.522%
20-09-2022 17816.30 1.101%
21-09-2022 17718.30 -0.550%
22-09-2022 17629.80 -0.499%
23-09-2022 17327.30 -1.716%
26-09-2022 17016.30 -1.795%
27-09-2022 17007.40 -0.052%
28-09-2022 16858.60 -0.875%
29-09-2022 16818.10 -0.240%
30-09-2022 17094.30 1.642%
03-10-2022 16887.30 -1.211%
04-10-2022 17274.30 2.292%
06-10-2022 17331.80 0.333%
07-10-2022 17314.70 -0.099%
10-10-2022 17241.00 -0.426%
11-10-2022 16983.60 -1.493%
12-10-2022 17123.60 0.824%
13-10-2022 17014.30 -0.638%
14-10-2022 17185.70 1.007%
17-10-2022 17311.80 0.734%
18-10-2022 17486.90 1.011%
19-10-2022 17512.30 0.145%
20-10-2022 17563.90 0.295%
21-10-2022 17576.30 0.071%
24-10-2022 17730.80 0.879%
25-10-2022 17656.30 -0.420%
27-10-2022 17736.90 0.456%
28-10-2022 17786.80 0.281%
31-10-2022 18012.20 1.267%
1-11-2022 18145.40 0.739%
2-11-2022 18082.80 -0.345%
3-11-2022 18052.70 -0.166%
4-11-2022 18117.20 0.357%
07-11-2022 18202.80 0.472%
09-11-2022 18157.00 -0.252%
10-11-2022 18028.20 -0.709%
11-11-2022 18349.70 1.783%
14-11-2022 18329.20 -0.112%
15-11-2022 18403.40 0.405%
16-11-2022 18409.70 0.034%
17-11-2022 18343.90 -0.357%
18-11-2022 18307.70 -0.197%
21-11-2022 18159.90 -0.807%
22-11-2022 18244.20 0.464%
23-11-2022 18267.30 0.127%
24-11-2022 18484.10 1.187%
25-11-2022 18512.80 0.155%
28-11-2022 18562.80 0.270%
29-11-2022 18618.10 0.298%
30-11-2022 18758.30 0.753%
1-12-2022 18812.50 0.289%
2-12-2022 18696.10 -0.619%
5-12-2022 18701.10 0.027%
06-12-2022 18642.80 -0.312%
07-12-2022 18560.50 -0.441%
08-12-2022 18609.30 0.263%
09-12-2022 18496.60 -0.606%
12-12-2022 18497.20 0.003%
13-12-2022 18608.00 0.599%
14-12-2022 18660.30 0.281%
15-12-2022 18414.90 -1.315%
16-12-2022 18269.00 -0.792%
19-12-2022 18420.40 0.829%
20-12-2022 18385.30 -0.191%
21-12-2022 18199.10 -1.013%
22-12-2022 18127.30 -0.395%
23-12-2022 17806.80 -1.768%
26-12-2022 18014.60 1.167%
27-12-2022 18132.30 0.653%
28-12-2022 18122.50 -0.054%
29-12-2022 18191.00 0.378%
30-12-2022 18105.30 -0.471%
2-1-2023 18197.40 0.509%
03-01-2023 18232.60 0.193%
04-01-2023 18042.90 -1.040%
05-01-2023 17992.20 -0.281%
06-01-2023 17859.40 -0.738%
09-01-2023 18101.20 1.354%
10-01-2023 17914.20 -1.033%
11-01-2023 17895.70 -0.103%
12-01-2023 17858.20 -0.210%
13-01-2023 17956.60 0.551%
16-01-2023 17894.80 -0.344%
17-01-2023 18053.30 0.886%
18-01-2023 18165.30 0.620%
19-01-2023 18107.80 -0.317%
20-01-2023 18027.70 -0.442%
23-01-2023 18118.60 0.504%
24-01-2023 18118.30 -0.002%
25-01-2023 17891.90 -1.250%
27-01-2023 17604.30 -1.607%
30-01-2023 17648.90 0.253%
31-01-2023 17662.20 0.075%
01-02-2023 17616.30 -0.260%
02-02-2023 17610.40 -0.033%
03-02-2023 17854.10 1.384%
06-02-2023 17764.60 -0.501%
07-02-2023 17721.50 -0.243%
08-02-2023 17871.70 0.848%
09-02-2023 17893.40 0.121%
10-02-2023 17856.50 -0.206%
13-02-2023 17770.90 -0.479%
14-02-2023 17929.80 0.894%
15-02-2023 18015.80 0.480%
16-02-2023 18035.80 0.111%
17-02-2023 17944.20 -0.508%
20-02-2023 17844.60 -0.555%
21-02-2023 17826.70 -0.100%
22-02-2023 17554.30 -1.528%
23-02-2023 17511.30 -0.245%
24-02-2023 17465.80 -0.260%
27-02-2023 17392.70 -0.419%
28-02-2023 17303.90 -0.511%
01-03-2023 17450.90 0.850%
02-03-2023 17321.90 -0.739%
03-03-2023 17594.30 1.573%
06-03-2023 17711.40 0.666%
08-03-2023 17754.40 0.243%
09-03-2023 17589.60 -0.928%
10-03-2023 17412.90 -1.005%
13-03-2023 17154.30 -1.485%
14-03-2023 17043.30 -0.647%
15-03-2023 16972.20 -0.417%
16-03-2023 16985.60 0.079%
17-03-2023 17100.10 0.674%
20-03-2023 16988.40 -0.653%
21-03-2023 17107.50 0.701%
22-03-2023 17151.90 0.260%
23-03-2023 17076.90 -0.437%
24-03-2023 16945.10 -0.772%
27-03-2023 16985.7 0.240%
28-03-2023 16951.7 -0.200%
29-03-2023 17080.7 0.761%
 Beta Calculation

Nifty 50 (21-22 Data) Astral Pipes

Date Adj Close Returns Date
01-04-2021 14867.30 01-04-2022
05-04-2021 14637.80 -1.54% 04-04-2022
06-04-2021 14683.50 0.31% 05-04-2022
07-04-2021 14819.00 0.92% 06-04-2022
08-04-2021 14873.80 0.37% 07-04-2022
09-04-2021 14834.80 -0.26% 08-04-2022
12-04-2021 14310.80 -3.53% 11-04-2022
13-04-2021 14504.80 1.36% 12-04-2022
15-04-2021 14581.50 0.53% 13-04-2022
16-04-2021 14617.80 0.25% 18-04-2022
19-04-2021 14359.50 -1.77% 19-04-2022
20-04-2021 14296.40 -0.44% 20-04-2022
22-04-2021 14406.20 0.77% 21-04-2022
23-04-2021 14341.30 -0.45% 22-04-2022
26-04-2021 14485.00 1.00% 25-04-2022
27-04-2021 14653.00 1.16% 26-04-2022
28-04-2021 14864.50 1.44% 27-04-2022
29-04-2021 14894.90 0.20% 28-04-2022
30-04-2021 14631.10 -1.77% 29-04-2022
03-05-2021 14634.20 0.02% 02-05-2022
04-05-2021 14496.50 -0.94% 04-05-2022
05-05-2021 14617.80 0.84% 05-05-2022
06-05-2021 14724.80 0.73% 06-05-2022
07-05-2021 14823.20 0.67% 09-05-2022
10-05-2021 14942.30 0.80% 10-05-2022
11-05-2021 14850.80 -0.61% 11-05-2022
12-05-2021 14696.50 -1.04% 12-05-2022
14-05-2021 14677.80 -0.13% 13-05-2022
17-05-2021 14923.20 1.67% 16-05-2022
18-05-2021 15108.10 1.24% 17-05-2022
19-05-2021 15030.20 -0.52% 18-05-2022
20-05-2021 14906.00 -0.83% 19-05-2022
21-05-2021 15175.30 1.81% 20-05-2022
24-05-2021 15197.70 0.15% 23-05-2022
25-05-2021 15208.50 0.07% 24-05-2022
26-05-2021 15301.50 0.61% 25-05-2022
27-05-2021 15337.80 0.24% 26-05-2022
28-05-2021 15435.70 0.64% 27-05-2022
31-05-2021 15582.80 0.95% 30-05-2022
01-06-2021 15574.80 -0.05% 31-05-2022
02-06-2021 15576.20 0.01% 01-06-2022
03-06-2021 15690.30 0.73% 02-06-2022
04-06-2021 15670.30 -0.13% 03-06-2022
07-06-2021 15751.70 0.52% 06-06-2022
08-06-2021 15740.10 -0.07% 07-06-2022
09-06-2021 15635.30 -0.67% 08-06-2022
10-06-2021 15737.80 0.66% 09-06-2022
11-06-2021 15799.30 0.39% 10-06-2022
14-06-2021 15811.80 0.08% 13-06-2022
15-06-2021 15869.30 0.36% 14-06-2022
16-06-2021 15767.50 -0.64% 15-06-2022
17-06-2021 15691.40 -0.48% 16-06-2022
18-06-2021 15683.30 -0.05% 17-06-2022
21-06-2021 15746.50 0.40% 20-06-2022
22-06-2021 15772.80 0.17% 21-06-2022
23-06-2021 15687.00 -0.54% 22-06-2022
24-06-2021 15790.50 0.66% 23-06-2022
25-06-2021 15860.30 0.44% 24-06-2022
28-06-2021 15814.70 -0.29% 27-06-2022
29-06-2021 15748.50 -0.42% 28-06-2022
30-06-2021 15721.50 -0.17% 29-06-2022
01-07-2021 15680.00 -0.26% 30-06-2022
02-07-2021 15722.20 0.27% 01-07-2022
05-07-2021 15834.30 0.71% 04-07-2022
06-07-2021 15818.30 -0.10% 05-07-2022
07-07-2021 15879.70 0.39% 06-07-2022
08-07-2021 15727.90 -0.96% 07-07-2022
09-07-2021 15689.80 -0.24% 08-07-2022
12-07-2021 15692.60 0.02% 11-07-2022
13-07-2021 15812.30 0.76% 12-07-2022
14-07-2021 15854.00 0.26% 13-07-2022
15-07-2021 15924.20 0.44% 14-07-2022
16-07-2021 15923.40 -0.01% 15-07-2022
19-07-2021 15752.40 -1.07% 18-07-2022
20-07-2021 15632.10 -0.76% 19-07-2022
22-07-2021 15824.00 1.23% 20-07-2022
23-07-2021 15856.00 0.20% 21-07-2022
26-07-2021 15824.50 -0.20% 22-07-2022
27-07-2021 15746.50 -0.49% 25-07-2022
28-07-2021 15709.40 -0.24% 26-07-2022
29-07-2021 15778.50 0.44% 27-07-2022
30-07-2021 15763.00 -0.10% 28-07-2022
02-08-2021 15885.20 0.78% 29-07-2022
03-08-2021 16130.80 1.55% 01-08-2022
04-08-2021 16258.80 0.79% 02-08-2022
05-08-2021 16294.60 0.22% 03-08-2022
06-08-2021 16238.20 -0.35% 04-08-2022
09-08-2021 16258.30 0.12% 05-08-2022
10-08-2021 16280.10 0.13% 08-08-2022
11-08-2021 16282.30 0.01% 10-08-2022
12-08-2021 16364.40 0.50% 11-08-2022
13-08-2021 16529.10 1.01% 12-08-2022
16-08-2021 16563.10 0.21% 16-08-2022
17-08-2021 16614.60 0.31% 17-08-2022
18-08-2021 16568.80 -0.28% 18-08-2022
20-08-2021 16450.50 -0.71% 19-08-2022
23-08-2021 16496.40 0.28% 22-08-2022
24-08-2021 16624.60 0.78% 23-08-2022
25-08-2021 16634.70 0.06% 24-08-2022
26-08-2021 16636.90 0.01% 25-08-2022
27-08-2021 16705.20 0.41% 26-08-2022
30-08-2021 16931.10 1.35% 29-08-2022
31-08-2021 17132.20 1.19% 30-08-2022
01-09-2021 17076.30 -0.33% 01-09-2022
02-09-2021 17234.20 0.92% 02-09-2022
03-09-2021 17323.60 0.52% 05-09-2022
06-09-2021 17377.80 0.31% 06-09-2022
07-09-2021 17362.10 -0.09% 07-09-2022
08-09-2021 17353.50 -0.05% 08-09-2022
09-09-2021 17369.30 0.09% 09-09-2022
13-09-2021 17355.30 -0.08% 12-09-2022
14-09-2021 17380.00 0.14% 13-09-2022
15-09-2021 17519.40 0.80% 14-09-2022
16-09-2021 17629.50 0.63% 15-09-2022
17-09-2021 17585.20 -0.25% 16-09-2022
20-09-2021 17396.90 -1.07% 19-09-2022
21-09-2021 17562.00 0.95% 20-09-2022
22-09-2021 17546.70 -0.09% 21-09-2022
23-09-2021 17822.90 1.57% 22-09-2022
24-09-2021 17853.20 0.17% 23-09-2022
27-09-2021 17855.10 0.01% 26-09-2022
28-09-2021 17748.60 -0.60% 27-09-2022
29-09-2021 17711.30 -0.21% 28-09-2022
30-09-2021 17618.20 -0.53% 29-09-2022
01-10-2021 17532.10 -0.49% 30-09-2022
04-10-2021 17691.30 0.91% 03-10-2022
05-10-2021 17822.30 0.74% 04-10-2022
06-10-2021 17646.00 -0.99% 06-10-2022
07-10-2021 17790.30 0.82% 07-10-2022
08-10-2021 17895.20 0.59% 10-10-2022
11-10-2021 17945.90 0.28% 11-10-2022
12-10-2021 17991.90 0.26% 12-10-2022
13-10-2021 18161.80 0.94% 13-10-2022
14-10-2021 18338.60 0.97% 14-10-2022
18-10-2021 18477.10 0.76% 17-10-2022
19-10-2021 18418.80 -0.32% 18-10-2022
20-10-2021 18266.60 -0.83% 19-10-2022
21-10-2021 18178.10 -0.48% 20-10-2022
22-10-2021 18114.90 -0.35% 21-10-2022
25-10-2021 18125.40 0.06% 24-10-2022
26-10-2021 18268.40 0.79% 25-10-2022
27-10-2021 18210.90 -0.31% 27-10-2022
28-10-2021 17857.30 -1.94% 28-10-2022
29-10-2021 17671.70 -1.04% 31-10-2022
1-11-2021 17929.70 1.46% 01-11-2022
2-11-2021 17888.90 -0.23% 02-11-2022
3-11-2021 17829.20 -0.33% 03-11-2022
4-11-2021 17916.80 0.49% 04-11-2022
8-11-2021 18068.60 0.85% 07-11-2022
09-11-2021 18044.30 -0.13% 09-11-2022
10-11-2021 18017.20 -0.15% 10-11-2022
11-11-2021 17873.60 -0.80% 11-11-2022
12-11-2021 18102.80 1.28% 14-11-2022
15-11-2021 18109.40 0.04% 15-11-2022
16-11-2021 17999.20 -0.61% 16-11-2022
17-11-2021 17898.70 -0.56% 17-11-2022
18-11-2021 17764.80 -0.75% 18-11-2022
22-11-2021 17416.60 -1.96% 21-11-2022
23-11-2021 17503.30 0.50% 22-11-2022
24-11-2021 17415.10 -0.50% 23-11-2022
25-11-2021 17536.30 0.70% 24-11-2022
26-11-2021 17026.40 -2.91% 25-11-2022
29-11-2021 17053.90 0.16% 28-11-2022
30-11-2021 16983.20 -0.41% 29-11-2022
1-12-2021 17166.90 1.08% 30-11-2022
2-12-2021 17401.70 1.37% 01-12-2022
3-12-2021 17196.70 -1.18% 02-12-2022
6-12-2021 16912.30 -1.65% 05-12-2022
7-12-2021 17176.70 1.56% 06-12-2022
08-12-2021 17469.80 1.71% 07-12-2022
09-12-2021 17516.80 0.27% 08-12-2022
10-12-2021 17511.30 -0.03% 09-12-2022
13-12-2021 17368.30 -0.82% 12-12-2022
14-12-2021 17324.90 -0.25% 13-12-2022
15-12-2021 17221.40 -0.60% 14-12-2022
16-12-2021 17248.40 0.16% 15-12-2022
17-12-2021 16985.20 -1.53% 16-12-2022
20-12-2021 16614.20 -2.18% 19-12-2022
21-12-2021 16770.80 0.94% 20-12-2022
22-12-2021 16955.40 1.10% 21-12-2022
23-12-2021 17072.60 0.69% 22-12-2022
24-12-2021 17003.80 -0.40% 23-12-2022
27-12-2021 17086.30 0.49% 26-12-2022
28-12-2021 17233.30 0.86% 27-12-2022
29-12-2021 17213.60 -0.11% 28-12-2022
30-12-2021 17203.90 -0.06% 29-12-2022
31-12-2021 17354.10 0.87% 30-12-2022
3-1-2022 17625.70 1.57% 02-01-2023
 4-1-2022 17805.30 1.02% 03-01-2023
05-01-2022 17925.30 0.67% 04-01-2023
06-01-2022 17745.90 -1.00% 05-01-2023
07-01-2022 17812.70 0.38% 06-01-2023
10-01-2022 18003.30 1.07% 09-01-2023
11-01-2022 18055.80 0.29% 10-01-2023
12-01-2022 18212.30 0.87% 11-01-2023
13-01-2022 18257.80 0.25% 12-01-2023
14-01-2022 18255.80 -0.01% 13-01-2023
17-01-2022 18308.10 0.29% 16-01-2023
18-01-2022 18113.10 -1.07% 17-01-2023
19-01-2022 17938.40 -0.96% 18-01-2023
20-01-2022 17757.00 -1.01% 19-01-2023
21-01-2022 17617.20 -0.79% 20-01-2023
24-01-2022 17149.10 -2.66% 23-01-2023
25-01-2022 17277.90 0.75% 24-01-2023
27-01-2022 17110.20 -0.97% 25-01-2023
28-01-2022 17101.90 -0.05% 27-01-2023
31-01-2022 17339.80 1.39% 30-01-2023
01-02-2022 17576.80 1.37% 31-01-2023
02-02-2022 17780.00 1.16% 01-02-2023
03-02-2022 17560.20 -1.24% 02-02-2023
04-02-2022 17516.30 -0.25% 03-02-2023
07-02-2022 17213.60 -1.73% 06-02-2023
08-02-2022 17266.80 0.31% 07-02-2023
09-02-2022 17463.80 1.14% 08-02-2023
10-02-2022 17605.80 0.81% 09-02-2023
11-02-2022 17374.80 -1.31% 10-02-2023
14-02-2022 16842.80 -3.06% 13-02-2023
15-02-2022 17352.40 3.03% 14-02-2023
16-02-2022 17322.20 -0.17% 15-02-2023
17-02-2022 17304.60 -0.10% 16-02-2023
18-02-2022 17276.30 -0.16% 17-02-2023
21-02-2022 17206.70 -0.40% 20-02-2023
22-02-2022 17092.20 -0.67% 21-02-2023
23-02-2022 17063.30 -0.17% 22-02-2023
24-02-2022 16248.00 -4.78% 23-02-2023
25-02-2022 16658.40 2.53% 24-02-2023
28-02-2022 16793.90 0.81% 27-02-2023
02-03-2022 16605.90 -1.12% 28-02-2023
03-03-2022 16498.10 -0.65% 01-03-2023
04-03-2022 16245.30 -1.53% 02-03-2023
07-03-2022 15863.20 -2.35% 03-03-2023
08-03-2022 16013.50 0.95% 06-03-2023
09-03-2022 16345.30 2.07% 08-03-2023
10-03-2022 16594.90 1.53% 09-03-2023
11-03-2022 16630.40 0.21% 10-03-2023
14-03-2022 16871.30 1.45% 13-03-2023
 15-03-2022 16663.00 -1.23% 14-03-2023
16-03-2022 16975.30 1.87% 15-03-2023
17-03-2022 17287.10 1.84% 16-03-2023
21-03-2022 17117.60 -0.98% 17-03-2023
22-03-2022 17315.50 1.16% 20-03-2023
23-03-2022 17245.70 -0.40% 21-03-2023
24-03-2022 17222.80 -0.13% 22-03-2023
25-03-2022 17153.00 -0.41% 23-03-2023
28-03-2022 17222.00 0.40% 24-03-2023
29-03-2022 17325.30 0.60% 27-03-2023
30-03-2022 17498.3 1.00% 28-03-2023
29-03-2023

DDM based Valuation

WTH PHASE TRANSITION PHASE

2026-27 2027-28 2028-29 2029-30 2030-31 2031-32
₹1,073.58 ₹1,373.94 ₹1,708.00 ₹2,060.73 ₹2,410.81 ₹2,732.07

₹1,073.58 ₹1,373.94 ₹1,708.00 ₹2,060.73 ₹2,410.81 ₹2,732.07

6.94% 6.94% 6.86% 6.77% 6.69% 6.60%
0.7646 0.7150 0.6691 0.6267 0.5874 0.5510

₹7,867.72 ₹10,068.88 ₹12,517.06 ₹15,102.01 ₹17,667.62 ₹20,021.96

27.98% 24.31% 20.65% 16.99% 13.33%

FCFF based Valuation

WTH PHASE TRANSITION PHASE

2026-27 2027-28 2028-29 2029-30 2030-31 2031-32
₹7,867.72 ₹10,068.88
₹1,615.99 ₹2,142.28
₹2,715.43 ₹2,981.95
-₹355,879.54 -₹472,384.81
-₹86,802.77 -₹116,505.26
₹2,832.00 ₹2,458.16
₹96,169.91 ₹129,240.22 ₹167,567.90 ₹209,334.07 ₹251,606.35 ₹290,510.88
34.39% 29.66% 24.92% 20.19% 15.46%

6.77% 6.76% 6.71% 6.66% 6.61% 6.55%

 0.769 0.720 0.675 0.633 0.594 0.557
₹96,169.91 ₹129,240.22 ₹167,567.90 ₹209,334.07 ₹251,606.35 ₹290,510.88

6% 6% 6% 6% 6% 6%
7.18% 7.18% 7.07% 6.95% 6.84% 6.73%

1.18% 1.18% 1.07% 0.95% 0.84% 0.73%

0.796 0.796 0.805 0.813 0.821 0.830

6.94% 6.94% 6.86% 6.77% 6.69% 6.60%

6.46% 6.46% 6.46% 6.46% 6.46% 6.46%
34.33% 36.41% 36.41% 36.41% 36.41% 36.41%
65.67% 63.59% 63.59% 63.59% 63.59% 63.59%
6.77% 6.76% 6.71% 6.66% 6.61% 6.55%

Relative Valuation
 Calculation for Stable Growth Period Variables

Astral Pipes(5 year data)

Date Adj Close Returns
02-04-2018 412.15
03-04-2018 403.04 -2.212% Beta for Astral Pipes for 5 years
04-04-2018 404.27 0.305%
05-04-2018 408.31 1.000%
06-04-2018 411.62 0.810%
09-04-2018 415.10 0.847%
10-04-2018 420.04 1.189%
11-04-2018 424.22 0.995%
12-04-2018 419.08 -1.211%
13-04-2018 425.07 1.429%
16-04-2018 423.82 -0.294%
17-04-2018 420.24 -0.843%
18-04-2018 412.36 -1.877%
19-04-2018 414.92 0.623%
20-04-2018 412.38 -0.614%
23-04-2018 416.26 0.943%
24-04-2018 409.29 -1.674%
25-04-2018 398.59 -2.615%
26-04-2018 404.65 1.519%
27-04-2018 403.69 -0.237%
30-04-2018 424.55 5.169%
02-05-2018 418.61 -1.400%
03-05-2018 421.81 0.763%
04-05-2018 424.42 0.620%
07-05-2018 428.93 1.063%
08-05-2018 434.03 1.188%
09-05-2018 430.45 -0.824%
10-05-2018 429.07 -0.322%
11-05-2018 429.02 -0.010%
14-05-2018 430.25 0.286%
15-05-2018 431.21 0.223%
16-05-2018 430.50 -0.166%
17-05-2018 425.45 -1.173%
18-05-2018 416.56 -2.090%
21-05-2018 410.64 -1.421%
22-05-2018 414.41 0.919%
23-05-2018 403.89 -2.539%
24-05-2018 428.64 6.129%
25-05-2018 427.97 -0.156%
28-05-2018 431.30 0.778%
29-05-2018 428.98 -0.539%
30-05-2018 452.59 5.505%
31-05-2018 462.49 2.187%
01-06-2018 448.14 -3.101%
04-06-2018 444.55 -0.803%
05-06-2018 430.90 -3.071%
06-06-2018 458.76 6.465%
07-06-2018 450.07 -1.894%
08-06-2018 452.12 0.457%
11-06-2018 447.34 -1.057%
12-06-2018 449.28 0.434%
13-06-2018 450.38 0.244%
14-06-2018 449.71 -0.149%
15-06-2018 448.03 -0.373%
18-06-2018 453.04 1.117%
19-06-2018 446.89 -1.356%
20-06-2018 444.10 -0.625%
21-06-2018 453.71 2.163%
22-06-2018 453.84 0.030%
25-06-2018 445.42 -1.856%
26-06-2018 458.82 3.009%
27-06-2018 451.50 -1.597%
28-06-2018 444.73 -1.499%
29-06-2018 450.27 1.246%
02-07-2018 441.35 -1.980%
03-07-2018 438.18 -0.719%
04-07-2018 438.20 0.005%
05-07-2018 434.20 -0.913%
06-07-2018 442.89 2.001%
09-07-2018 447.68 1.079%
10-07-2018 462.71 3.358%
11-07-2018 461.53 -0.256%
12-07-2018 477.81 3.529%
13-07-2018 468.90 -1.866%
16-07-2018 463.45 -1.163%
17-07-2018 476.65 2.849%
18-07-2018 475.96 -0.145%
19-07-2018 468.74 -1.516%
20-07-2018 466.98 -0.376%
23-07-2018 480.81 2.961%
24-07-2018 488.76 1.654%
25-07-2018 488.31 -0.091%
26-07-2018 494.54 1.276%
27-07-2018 499.75 1.053%
30-07-2018 496.64 -0.622%
31-07-2018 498.68 0.409%
01-08-2018 490.19 -1.702%
02-08-2018 486.57 -0.738%
03-08-2018 476.63 -2.043%
06-08-2018 476.58 -0.009%
07-08-2018 469.75 -1.434%
08-08-2018 485.79 3.415%
09-08-2018 492.13 1.306%
10-08-2018 492.87 0.150%
13-08-2018 499.73 1.391%
14-08-2018 511.64 2.384%
16-08-2018 503.46 -1.599%
17-08-2018 503.71 0.049%
20-08-2018 499.84 -0.768%
21-08-2018 500.40 0.112%
23-08-2018 501.56 0.232%
24-08-2018 502.63 0.214%
27-08-2018 502.61 -0.005%
28-08-2018 503.24 0.125%
29-08-2018 497.67 -1.106%
30-08-2018 503.66 1.203%
31-08-2018 494.50 -1.819%
03-09-2018 506.30 2.386%
04-09-2018 511.64 1.055%
05-09-2018 503.10 -1.668%
06-09-2018 494.68 -1.675%
07-09-2018 496.84 0.438%
10-09-2018 491.41 -1.093%
11-09-2018 477.87 -2.756%
12-09-2018 492.20 2.997%
14-09-2018 489.60 -0.527%
17-09-2018 492.64 0.621%
18-09-2018 488.73 -0.794%
19-09-2018 479.77 -1.834%
21-09-2018 479.30 -0.098%
24-09-2018 452.35 -5.623%
25-09-2018 450.74 -0.356%
26-09-2018 442.30 -1.874%
27-09-2018 428.73 -3.067%
28-09-2018 440.06 2.643%
01-10-2018 426.70 -3.037%
03-10-2018 411.39 -3.588%
04-10-2018 392.28 -4.645%
05-10-2018 376.42 -4.045%
08-10-2018 370.20 -1.651%
09-10-2018 379.63 2.548%
10-10-2018 399.57 5.251%
11-10-2018 387.79 -2.947%
12-10-2018 396.89 2.346%
15-10-2018 422.27 6.396%
16-10-2018 424.89 0.619%
17-10-2018 429.71 1.136%
19-10-2018 406.72 -5.351%
22-10-2018 398.07 -2.126%
23-10-2018 388.98 -2.285%
24-10-2018 392.84 0.994%
25-10-2018 393.31 0.119%
26-10-2018 389.18 -1.051%
29-10-2018 388.82 -0.092%
30-10-2018 406.36 4.512%
31-10-2018 438.61 7.936%
01-11-2018 448.62 2.282%
02-11-2018 454.16 1.235%
05-11-2018 427.52 -5.865%
06-11-2018 432.22 1.098%
07-11-2018 433.54 0.305%
9-11-2018 433.22 -0.072%
12-11-2018 426.32 -1.594%
13-11-2018 429.29 0.697%
14-11-2018 457.22 6.507%
15-11-2018 469.25 2.630%
16-11-2018 465.78 -0.738%
19-11-2018 460.15 -1.209%
20-11-2018 467.82 1.666%
21-11-2018 464.51 -0.707%
22-11-2018 471.17 1.434%
26-11-2018 472.67 0.318%
27-11-2018 486.77 2.984%
28-11-2018 478.84 -1.630%
29-11-2018 476.92 -0.401%
30-11-2018 464.22 -2.662%
03-12-2018 464.82 0.130%
04-12-2018 467.57 0.592%
05-12-2018 470.10 0.540%
06-12-2018 468.78 -0.281%
07-12-2018 472.27 0.744%
10-12-2018 469.32 -0.625%
11-12-2018 461.22 -1.724%
12-12-2018 476.80 3.378%
13-12-2018 472.56 -0.891%
14-12-2018 478.12 1.178%
17-12-2018 474.12 -0.837%
18-12-2018 477.23 0.656%
19-12-2018 482.62 1.129%
20-12-2018 484.00 0.287%
21-12-2018 485.97 0.406%
24-12-2018 480.22 -1.182%
26-12-2018 482.66 0.507%
27-12-2018 499.90 3.571%
28-12-2018 519.39 3.899%
31-12-2018 504.08 -2.948%
02-01-2019 510.13 1.202%
03-01-2019 511.83 0.333%
04-01-2019 527.06 2.974%
07-01-2019 509.51 -3.329%
08-01-2019 513.15 0.715%
09-01-2019 524.57 2.226%
10-01-2019 529.76 0.989%
11-01-2019 525.02 -0.895%
14-01-2019 504.84 -3.845%
15-01-2019 508.52 0.731%
16-01-2019 506.83 -0.334%
17-01-2019 497.10 -1.919%
18-01-2019 491.38 -1.151%
21-01-2019 482.75 -1.756%
22-01-2019 467.08 -3.246%
23-01-2019 473.12 1.292%
24-01-2019 471.82 -0.274%
25-01-2019 460.55 -2.388%
28-01-2019 484.81 5.266%
29-01-2019 486.46 0.341%
30-01-2019 503.56 3.515%
31-01-2019 505.73 0.431%
01-02-2019 494.87 -2.148%
04-02-2019 505.31 2.109%
05-02-2019 510.00 0.929%
06-02-2019 523.75 2.696%
07-02-2019 518.02 -1.093%
08-02-2019 495.40 -4.367%
11-02-2019 510.76 3.100%
12-02-2019 514.14 0.661%
14-02-2019 504.59 -1.857%
15-02-2019 510.00 1.072%
18-02-2019 492.23 -3.485%
19-02-2019 501.64 1.912%
20-02-2019 491.07 -2.108%
21-02-2019 480.05 -2.244%
22-02-2019 494.11 2.929%
25-02-2019 491.74 -0.480%
26-02-2019 491.89 0.032%
27-02-2019 486.75 -1.045%
28-02-2019 483.11 -0.748%
01-03-2019 484.85 0.361%
05-03-2019 494.98 2.089%
06-03-2019 521.20 5.297%
07-03-2019 536.27 2.891%
08-03-2019 536.47 0.037%
11-03-2019 541.72 0.979%
12-03-2019 557.57 2.926%
13-03-2019 540.89 -2.991%
14-03-2019 517.00 -4.418%
15-03-2019 516.17 -0.160%
18-03-2019 507.90 -1.602%
19-03-2019 501.04 -1.351%
20-03-2019 496.99 -0.808%
22-03-2019 512.35 3.090%
25-03-2019 491.87 -3.997%
26-03-2019 496.48 0.936%
27-03-2019 508.99 2.521%
28-03-2019 513.15 0.817%
01-04-2019 535.82 4.417%
02-04-2019 534.28 -0.288%
03-04-2019 521.82 -2.330%
04-04-2019 521.78 -0.008%
05-04-2019 522.09 0.060%
08-04-2019 532.82 2.055%
09-04-2019 536.11 0.617%
10-04-2019 533.29 -0.525%
11-04-2019 536.35 0.574%
12-04-2019 544.02 1.430%
15-04-2019 536.22 -1.434%
16-04-2019 550.75 2.710%
18-04-2019 557.26 1.181%
22-04-2019 543.66 -2.439%
23-04-2019 547.69 0.740%
24-04-2019 551.73 0.739%
25-04-2019 542.17 -1.734%
26-04-2019 545.05 0.532%
30-04-2019 551.04 1.099%
02-05-2019 543.37 -1.392%
03-05-2019 530.41 -2.386%
06-05-2019 526.81 -0.679%
07-05-2019 525.36 -0.276%
08-05-2019 522.32 -0.579%
09-05-2019 518.43 -0.745%
10-05-2019 519.43 0.194%
13-05-2019 524.64 1.003%
14-05-2019 518.43 -1.184%
15-05-2019 518.85 0.082%
16-05-2019 520.84 0.384%
17-05-2019 523.95 0.597%
20-05-2019 566.06 8.038%
21-05-2019 525.09 -7.238%
22-05-2019 533.61 1.622%
23-05-2019 553.54 3.737%
24-05-2019 551.69 -0.335%
27-05-2019 572.19 3.715%
28-05-2019 579.81 1.332%
29-05-2019 578.56 -0.216%
30-05-2019 564.27 -2.469%
31-05-2019 592.48 4.999%
03-06-2019 597.80 0.898%
04-06-2019 589.11 -1.454%
06-06-2019 570.27 -3.199%
07-06-2019 595.17 4.367%
10-06-2019 599.62 0.747%
11-06-2019 613.47 2.311%
12-06-2019 597.72 -2.569%
13-06-2019 586.36 -1.900%
14-06-2019 602.37 2.730%
17-06-2019 575.41 -4.476%
18-06-2019 582.29 1.197%
19-06-2019 572.77 -1.635%
20-06-2019 570.27 -0.437%
21-06-2019 580.39 1.776%
24-06-2019 590.94 1.818%
25-06-2019 596.84 0.999%
26-06-2019 591.66 -0.869%
27-06-2019 590.56 -0.185%
28-06-2019 592.78 0.375%
01-07-2019 595.03 0.381%
02-07-2019 601.61 1.104%
03-07-2019 593.29 -1.382%
04-07-2019 591.43 -0.313%
05-07-2019 585.47 -1.009%
08-07-2019 576.73 -1.493%
09-07-2019 577.78 0.182%
10-07-2019 589.98 2.112%
11-07-2019 587.46 -0.428%
12-07-2019 570.51 -2.884%
15-07-2019 574.33 0.670%
16-07-2019 583.45 1.588%
17-07-2019 578.25 -0.893%
18-07-2019 580.62 0.410%
19-07-2019 571.43 -1.582%
22-07-2019 554.57 -2.950%
23-07-2019 550.21 -0.786%
24-07-2019 533.61 -3.018%
25-07-2019 538.82 0.976%
26-07-2019 542.71 0.722%
29-07-2019 555.59 2.373%
30-07-2019 555.38 -0.036%
31-07-2019 556.79 0.254%
01-08-2019 551.76 -0.904%
02-08-2019 545.34 -1.163%
05-08-2019 544.56 -0.143%
06-08-2019 548.21 0.669%
07-08-2019 541.41 -1.240%
08-08-2019 547.56 1.136%
09-08-2019 547.20 -0.065%
13-08-2019 539.13 -1.475%
14-08-2019 540.67 0.286%
16-08-2019 541.25 0.107%
19-08-2019 547.00 1.062%
20-08-2019 555.59 1.570%
21-08-2019 559.28 0.664%
22-08-2019 554.24 -0.900%
23-08-2019 552.88 -0.246%
26-08-2019 555.65 0.502%
27-08-2019 574.64 3.417%
28-08-2019 583.00 1.455%
29-08-2019 576.94 -1.039%
30-08-2019 588.93 2.077%
03-09-2019 581.44 -1.272%
04-09-2019 583.22 0.308%
05-09-2019 588.03 0.824%
06-09-2019 582.98 -0.859%
09-09-2019 577.72 -0.901%
11-09-2019 577.03 -0.120%
12-09-2019 595.95 3.279%
13-09-2019 602.30 1.066%
16-09-2019 625.58 3.866%
17-09-2019 634.58 1.439%
18-09-2019 650.35 2.484%
19-09-2019 643.67 -1.027%
20-09-2019 676.01 5.024%
23-09-2019 690.63 2.163%
24-09-2019 656.55 -4.934%
25-09-2019 660.58 0.613%
26-09-2019 647.24 -2.018%
27-09-2019 648.61 0.212%
30-09-2019 641.68 -1.069%
01-10-2019 640.82 -0.135%
03-10-2019 645.34 0.707%
04-10-2019 656.78 1.772%
07-10-2019 665.19 1.281%
09-10-2019 665.52 0.050%
10-10-2019 650.38 -2.276%
11-10-2019 657.17 1.044%
14-10-2019 650.99 -0.940%
15-10-2019 653.81 0.434%
16-10-2019 647.92 -0.902%
17-10-2019 655.57 1.182%
18-10-2019 651.33 -0.648%
22-10-2019 637.49 -2.124%
23-10-2019 634.81 -0.421%
24-10-2019 634.16 -0.101%
25-10-2019 628.24 -0.934%
29-10-2019 627.82 -0.067%
30-10-2019 622.51 -0.846%
31-10-2019 624.63 0.341%
1-11-2019 624.44 -0.031%
4-11-2019 609.28 -2.427%
5-11-2019 592.76 -2.712%
6-11-2019 587.16 -0.943%
7-11-2019 609.81 3.857%
8-11-2019 617.36 1.238%
11-11-2019 617.87 0.082%
13-11-2019 605.12 -2.064%
14-11-2019 607.07 0.323%
15-11-2019 608.16 0.180%
18-11-2019 600.00 -1.343%
19-11-2019 598.96 -0.172%
20-11-2019 606.37 1.237%
21-11-2019 594.49 -1.960%
22-11-2019 606.57 2.032%
25-11-2019 614.62 1.328%
26-11-2019 606.71 -1.287%
27-11-2019 609.59 0.475%
28-11-2019 634.70 4.119%
29-11-2019 634.14 -0.088%
2-12-2019 619.46 -2.315%
3-12-2019 631.71 1.977%
4-12-2019 654.24 3.567%
5-12-2019 669.65 2.355%
6-12-2019 644.09 -3.816%
9-12-2019 647.31 0.499%
10-12-2019 647.45 0.022%
11-12-2019 659.78 1.905%
12-12-2019 651.92 -1.191%
13-12-2019 653.63 0.262%
16-12-2019 638.59 -2.301%
17-12-2019 640.49 0.298%
18-12-2019 632.41 -1.262%
19-12-2019 638.56 0.973%
20-12-2019 635.20 -0.525%
23-12-2019 635.06 -0.022%
24-12-2019 638.31 0.511%
26-12-2019 643.00 0.736%
27-12-2019 651.14 1.265%
30-12-2019 654.24 0.477%
31-12-2019 658.16 0.598%
1-1-2020 652.54 -0.854%
2-1-2020 647.84 -0.720%
3-1-2020 642.61 -0.807%
6-1-2020 640.46 -0.335%
7-1-2020 641.38 0.144%
8-1-2020 637.36 -0.628%
9-1-2020 631.06 -0.987%
10-01-2020 630.34 -0.115%
13-01-2020 626.93 -0.541%
14-01-2020 630.00 0.491%
15-01-2020 634.22 0.670%
16-01-2020 631.43 -0.441%
17-01-2020 625.95 -0.868%
20-01-2020 616.44 -1.519%
21-01-2020 611.97 -0.726%
22-01-2020 608.44 -0.576%
23-01-2020 614.82 1.048%
24-01-2020 618.26 0.559%
27-01-2020 642.22 3.876%
28-01-2020 687.49 7.049%
29-01-2020 664.28 -3.376%
30-01-2020 672.70 1.267%
31-01-2020 684.13 1.700%
03-02-2020 652.40 -4.639%
04-02-2020 663.11 1.641%
05-02-2020 668.03 0.742%
06-02-2020 669.68 0.247%
07-02-2020 670.96 0.192%
10-02-2020 670.10 -0.129%
11-02-2020 681.09 1.640%
12-02-2020 677.06 -0.591%
13-02-2020 670.18 -1.016%
14-02-2020 669.76 -0.063%
17-02-2020 670.41 0.096%
18-02-2020 660.14 -1.532%
19-02-2020 668.98 1.339%
20-02-2020 668.53 -0.067%
24-02-2020 670.41 0.280%
25-02-2020 662.10 -1.239%
26-02-2020 657.59 -0.680%
27-02-2020 653.68 -0.596%
28-02-2020 640.30 -2.046%
02-03-2020 643.49 0.498%
03-03-2020 641.98 -0.235%
04-03-2020 629.09 -2.009%
05-03-2020 626.32 -0.440%
06-03-2020 626.99 0.107%
09-03-2020 626.90 -0.013%
11-03-2020 643.13 2.588%
12-03-2020 575.15 -10.570%
13-03-2020 612.50 6.493%
16-03-2020 585.30 -4.440%
17-03-2020 558.14 -4.641%
18-03-2020 557.44 -0.125%
19-03-2020 520.60 -6.609%
20-03-2020 521.49 0.172%
23-03-2020 421.73 -19.130%
24-03-2020 448.64 6.382%
25-03-2020 465.65 3.791%
26-03-2020 533.44 14.557%
27-03-2020 508.32 -4.709%
30-03-2020 491.81 -3.247%
31-03-2020 524.18 6.581%
01-04-2020 532.43 1.574%
03-04-2020 545.75 2.501%
07-04-2020 544.88 -0.159%
08-04-2020 534.58 -1.889%
09-04-2020 542.92 1.560%
13-04-2020 515.09 -5.127%
15-04-2020 508.68 -1.244%
16-04-2020 501.94 -1.325%
17-04-2020 503.76 0.362%
20-04-2020 502.50 -0.250%
21-04-2020 481.74 -4.131%
22-04-2020 484.51 0.575%
23-04-2020 504.57 4.140%
24-04-2020 501.91 -0.527%
27-04-2020 527.70 5.139%
28-04-2020 525.74 -0.371%
29-04-2020 530.00 0.809%
30-04-2020 526.00 -0.755%
04-05-2020 520.43 -1.058%
05-05-2020 507.14 -2.553%
06-05-2020 515.25 1.600%
07-05-2020 514.61 -0.125%
08-05-2020 511.98 -0.511%
11-05-2020 492.65 -3.776%
12-05-2020 489.15 -0.710%
13-05-2020 500.34 2.288%
14-05-2020 495.67 -0.934%
15-05-2020 483.61 -2.432%
18-05-2020 457.96 -5.305%
19-05-2020 454.94 -0.660%
20-05-2020 457.43 0.547%
21-05-2020 476.90 4.257%
22-05-2020 470.41 -1.361%
26-05-2020 454.43 -3.396%
27-05-2020 454.94 0.111%
28-05-2020 471.78 3.702%
29-05-2020 491.03 4.080%
01-06-2020 520.18 5.937%
02-06-2020 529.30 1.753%
03-06-2020 536.29 1.321%
04-06-2020 519.39 -3.151%
05-06-2020 511.53 -1.513%
08-06-2020 505.13 -1.253%
09-06-2020 495.25 -1.955%
10-06-2020 502.61 1.486%
11-06-2020 491.31 -2.249%
12-06-2020 487.95 -0.683%
15-06-2020 476.51 -2.345%
16-06-2020 489.26 2.677%
17-06-2020 494.27 1.024%
18-06-2020 499.92 1.143%
19-06-2020 506.83 1.382%
22-06-2020 501.43 -1.065%
23-06-2020 503.00 0.313%
24-06-2020 522.98 3.971%
25-06-2020 538.73 3.012%
26-06-2020 538.95 0.042%
29-06-2020 534.53 -0.820%
30-06-2020 534.08 -0.084%
01-07-2020 534.53 0.084%
02-07-2020 548.74 2.659%
03-07-2020 549.19 0.082%
06-07-2020 545.52 -0.667%
07-07-2020 545.58 0.010%
08-07-2020 539.51 -1.113%
09-07-2020 536.38 -0.581%
10-07-2020 515.51 -3.891%
13-07-2020 521.88 1.237%
14-07-2020 511.64 -1.962%
15-07-2020 519.87 1.608%
16-07-2020 528.60 1.679%
17-07-2020 542.31 2.593%
20-07-2020 541.66 -0.119%
21-07-2020 540.10 -0.289%
22-07-2020 525.86 -2.637%
23-07-2020 517.80 -1.532%
24-07-2020 518.33 0.103%
27-07-2020 513.24 -0.982%
28-07-2020 514.92 0.327%
29-07-2020 522.56 1.483%
30-07-2020 526.84 0.819%
31-07-2020 539.65 2.432%
03-08-2020 527.56 -2.239%
04-08-2020 528.07 0.095%
05-08-2020 531.65 0.678%
06-08-2020 604.89 13.776%
07-08-2020 586.90 -2.974%
10-08-2020 585.11 -0.305%
11-08-2020 609.81 4.222%
12-08-2020 598.93 -1.785%
13-08-2020 598.87 -0.009%
14-08-2020 585.75 -2.191%
17-08-2020 592.05 1.075%
18-08-2020 618.01 4.385%
19-08-2020 630.26 1.983%
20-08-2020 635.97 0.905%
21-08-2020 693.12 8.987%
24-08-2020 662.18 -4.464%
25-08-2020 653.42 -1.322%
26-08-2020 661.76 1.276%
27-08-2020 647.35 -2.177%
28-08-2020 658.26 1.685%
31-08-2020 627.80 -4.628%
01-09-2020 622.46 -0.851%
02-09-2020 652.28 4.791%
03-09-2020 702.69 7.729%
04-09-2020 681.68 -2.990%
07-09-2020 693.26 1.699%
08-09-2020 708.20 2.155%
09-09-2020 668.22 -5.645%
10-09-2020 672.34 0.615%
11-09-2020 663.83 -1.265%
14-09-2020 680.14 2.457%
15-09-2020 672.56 -1.115%
16-09-2020 663.22 -1.389%
17-09-2020 648.61 -2.202%
18-09-2020 630.21 -2.838%
21-09-2020 616.69 -2.144%
22-09-2020 599.54 -2.781%
23-09-2020 615.15 2.604%
24-09-2020 608.75 -1.041%
25-09-2020 615.55 1.117%
28-09-2020 634.82 3.131%
29-09-2020 646.54 1.846%
30-09-2020 685.29 5.993%
01-10-2020 675.89 -1.372%
05-10-2020 668.64 -1.072%
06-10-2020 665.65 -0.448%
07-10-2020 650.43 -2.286%
08-10-2020 637.73 -1.953%
09-10-2020 626.90 -1.698%
12-10-2020 659.24 5.159%
13-10-2020 652.84 -0.972%
14-10-2020 643.94 -1.363%
15-10-2020 642.46 -0.230%
16-10-2020 642.71 0.039%
19-10-2020 630.76 -1.859%
20-10-2020 646.60 2.510%
21-10-2020 643.55 -0.472%
22-10-2020 645.28 0.270%
23-10-2020 641.06 -0.655%
26-10-2020 642.12 0.166%
27-10-2020 644.81 0.418%
28-10-2020 627.07 -2.751%
29-10-2020 631.04 0.634%
30-10-2020 628.81 -0.355%
2-11-2020 623.99 -0.765%
3-11-2020 627.04 0.489%
4-11-2020 631.38 0.691%
05-11-2020 642.54 1.768%
06-11-2020 652.39 1.533%
09-11-2020 671.66 2.955%
10-11-2020 710.66 5.806%
11-11-2020 684.70 -3.653%
12-11-2020 720.65 5.250%
13-11-2020 716.34 -0.598%
17-11-2020 826.96 15.443%
18-11-2020 780.34 -5.637%
19-11-2020 812.01 4.058%
20-11-2020 789.05 -2.827%
23-11-2020 784.18 -0.617%
24-11-2020 787.65 0.443%
25-11-2020 813.27 3.253%
26-11-2020 838.05 3.047%
27-11-2020 822.85 -1.814%
1-12-2020 799.61 -2.824%
2-12-2020 819.01 2.427%
3-12-2020 822.99 0.485%
04-12-2020 848.55 3.106%
07-12-2020 813.27 -4.157%
08-12-2020 797.06 -1.993%
09-12-2020 793.95 -0.390%
10-12-2020 812.37 2.320%
11-12-2020 822.26 1.217%
14-12-2020 826.51 0.518%
15-12-2020 824.25 -0.274%
16-12-2020 837.38 1.593%
17-12-2020 818.62 -2.240%
18-12-2020 842.75 2.948%
21-12-2020 835.53 -0.857%
22-12-2020 856.44 2.503%
23-12-2020 890.43 3.969%
24-12-2020 888.33 -0.236%
28-12-2020 901.49 1.481%
29-12-2020 897.49 -0.444%
30-12-2020 961.49 7.131%
31-12-2020 998.34 3.832%
1-1-2021 977.90 -2.047%
4-1-2021 1005.31 2.803%
5-1-2021 994.22 -1.103%
6-1-2021 966.79 -2.760%
07-01-2021 964.46 -0.240%
08-01-2021 987.06 2.343%
11-01-2021 1001.39 1.452%
12-01-2021 968.21 -3.313%
13-01-2021 964.21 -0.414%
14-01-2021 951.78 -1.289%
15-01-2021 948.89 -0.303%
18-01-2021 903.20 -4.815%
19-01-2021 922.46 2.133%
20-01-2021 949.73 2.956%
21-01-2021 950.74 0.106%
22-01-2021 930.11 -2.170%
25-01-2021 927.56 -0.274%
27-01-2021 928.40 0.091%
28-01-2021 948.14 2.126%
29-01-2021 961.35 1.394%
01-02-2021 964.91 0.370%
02-02-2021 1007.77 4.442%
03-02-2021 1088.97 8.057%
04-02-2021 1154.71 6.037%
05-02-2021 1120.94 -2.925%
08-02-2021 1158.38 3.340%
09-02-2021 1136.68 -1.873%
10-02-2021 1136.23 -0.040%
11-02-2021 1139.48 0.286%
12-02-2021 1130.35 -0.801%
15-02-2021 1133.46 0.275%
16-02-2021 1127.72 -0.506%
17-02-2021 1152.72 2.217%
18-02-2021 1158.94 0.540%
19-02-2021 1137.32 -1.865%
22-02-2021 1161.12 2.093%
23-02-2021 1157.45 -0.316%
24-02-2021 1175.74 1.580%
25-02-2021 1185.31 0.814%
26-02-2021 1191.44 0.517%
01-03-2021 1230.19 3.252%
02-03-2021 1229.35 -0.068%
03-03-2021 1234.90 0.451%
04-03-2021 1240.53 0.456%
05-03-2021 1239.91 -0.050%
08-03-2021 1295.74 4.503%
09-03-2021 1315.11 1.495%
10-03-2021 1400.82 6.517%
12-03-2021 1401.74 0.066%
15-03-2021 1423.05 1.520%
16-03-2021 1384.97 -2.676%
17-03-2021 1375.00 -0.720%
18-03-2021 1281.36 -6.810%
19-03-2021 1247.80 -2.619%
22-03-2021 1273.33 2.046%
23-03-2021 1245.03 -2.223%
24-03-2021 1176.19 -5.529%
25-03-2021 1132.18 -3.742%
26-03-2021 1203.48 6.298%
30-03-2021 1188.36 -1.256%
31-03-2021 1207.18 1.584%
01-04-2021 1258.32 4.236%
05-04-2021 1221.93 -2.892%
06-04-2021 1162.19 -4.889%
07-04-2021 1180.71 1.594%
08-04-2021 1190.64 0.841%
09-04-2021 1192.13 0.125%
12-04-2021 1131.06 -5.123%
13-04-2021 1075.77 -4.888%
15-04-2021 1139.09 5.886%
16-04-2021 1252.87 9.989%
19-04-2021 1254.52 0.132%
20-04-2021 1245.70 -0.703%
22-04-2021 1237.72 -0.641%
23-04-2021 1264.11 2.132%
26-04-2021 1252.05 -0.954%
27-04-2021 1254.89 0.227%
28-04-2021 1237.87 -1.356%
29-04-2021 1218.45 -1.569%
30-04-2021 1179.03 -3.235%
03-05-2021 1189.22 0.864%
04-05-2021 1174.78 -1.214%
05-05-2021 1173.24 -0.131%
06-05-2021 1182.39 0.780%
07-05-2021 1178.62 -0.319%
10-05-2021 1167.79 -0.919%
11-05-2021 1231.26 5.435%
12-05-2021 1242.91 0.946%
14-05-2021 1254.74 0.952%
17-05-2021 1317.46 4.999%
18-05-2021 1342.77 1.921%
19-05-2021 1355.76 0.967%
20-05-2021 1322.94 -2.421%
21-05-2021 1308.83 -1.067%
24-05-2021 1337.02 2.154%
25-05-2021 1355.61 1.390%
26-05-2021 1381.52 1.911%
27-05-2021 1416.76 2.551%
28-05-2021 1406.04 -0.757%
31-05-2021 1400.07 -0.425%
01-06-2021 1388.16 -0.851%
02-06-2021 1409.81 1.560%
03-06-2021 1412.61 0.199%
04-06-2021 1416.94 0.307%
07-06-2021 1421.95 0.354%
08-06-2021 1440.09 1.276%
09-06-2021 1451.21 0.772%
10-06-2021 1474.62 1.613%
11-06-2021 1444.61 -2.035%
14-06-2021 1454.83 0.707%
15-06-2021 1456.44 0.111%
16-06-2021 1463.20 0.464%
17-06-2021 1473.84 0.727%
18-06-2021 1478.65 0.326%
21-06-2021 1483.39 0.321%
22-06-2021 1489.93 0.441%
23-06-2021 1477.83 -0.812%
24-06-2021 1440.39 -2.533%
25-06-2021 1433.56 -0.474%
28-06-2021 1452.97 1.354%
29-06-2021 1438.30 -1.010%
30-06-2021 1485.45 3.278%
01-07-2021 1511.32 1.742%
02-07-2021 1523.71 0.820%
05-07-2021 1526.17 0.161%
06-07-2021 1544.77 1.219%
07-07-2021 1516.39 -1.837%
08-07-2021 1516.84 0.030%
09-07-2021 1518.37 0.101%
12-07-2021 1516.84 -0.101%
13-07-2021 1527.59 0.709%
14-07-2021 1566.38 2.539%
15-07-2021 1569.29 0.186%
16-07-2021 1556.49 -0.816%
19-07-2021 1535.47 -1.350%
20-07-2021 1516.99 -1.204%
22-07-2021 1529.46 0.822%
23-07-2021 1502.54 -1.760%
26-07-2021 1531.77 1.945%
27-07-2021 1515.50 -1.062%
28-07-2021 1516.80 0.086%
29-07-2021 1547.38 2.016%
30-07-2021 1554.28 0.446%
02-08-2021 1627.42 4.706%
03-08-2021 1658.21 1.892%
04-08-2021 1672.14 0.840%
05-08-2021 1635.18 -2.210%
06-08-2021 1676.36 2.518%
09-08-2021 1605.50 -4.227%
10-08-2021 1542.26 -3.939%
11-08-2021 1468.05 -4.812%
12-08-2021 1486.49 1.256%
13-08-2021 1520.01 2.255%
16-08-2021 1523.52 0.231%
17-08-2021 1534.01 0.689%
18-08-2021 1546.37 0.806%
20-08-2021 1539.13 -0.468%
23-08-2021 1508.09 -2.017%
24-08-2021 1473.51 -2.293%
25-08-2021 1479.41 0.400%
26-08-2021 1472.68 -0.455%
27-08-2021 1480.56 0.535%
30-08-2021 1498.45 1.208%
31-08-2021 1524.67 1.750%
01-09-2021 1576.37 3.391%
02-09-2021 1574.72 -0.105%
03-09-2021 1568.90 -0.370%
06-09-2021 1581.44 0.799%
07-09-2021 1551.90 -1.868%
08-09-2021 1548.99 -0.188%
09-09-2021 1530.95 -1.165%
13-09-2021 1595.26 4.201%
14-09-2021 1573.94 -1.336%
15-09-2021 1586.67 0.809%
16-09-2021 1589.21 0.160%
17-09-2021 1584.17 -0.317%
20-09-2021 1541.78 -2.676%
21-09-2021 1549.10 0.475%
22-09-2021 1591.08 2.710%
23-09-2021 1575.95 -0.951%
24-09-2021 1587.08 0.706%
27-09-2021 1572.22 -0.936%
28-09-2021 1571.70 -0.033%
29-09-2021 1601.05 1.867%
30-09-2021 1613.79 0.796%
01-10-2021 1643.22 1.824%
04-10-2021 1758.41 7.010%
05-10-2021 1766.88 0.482%
06-10-2021 1677.77 -5.043%
07-10-2021 1671.64 -0.365%
08-10-2021 1680.23 0.514%
11-10-2021 1696.14 0.947%
12-10-2021 1701.34 0.307%
13-10-2021 1731.85 1.793%
14-10-2021 1746.68 0.856%
18-10-2021 1779.88 1.901%
19-10-2021 1680.05 -5.609%
20-10-2021 1634.37 -2.719%
21-10-2021 1618.76 -0.955%
22-10-2021 1637.80 1.176%
25-10-2021 1596.65 -2.513%
26-10-2021 1589.96 -0.419%
27-10-2021 1612.26 1.403%
28-10-2021 1635.64 1.450%
29-10-2021 1631.90 -0.229%
1-11-2021 1669.66 2.314%
2-11-2021 1663.28 -0.382%
3-11-2021 1681.69 1.107%
4-11-2021 1686.66 0.296%
08-11-2021 1692.67 0.356%
09-11-2021 1717.43 1.463%
10-11-2021 1718.22 0.046%
11-11-2021 1662.49 -3.243%
12-11-2021 1714.52 3.130%
15-11-2021 1725.02 0.612%
16-11-2021 1744.44 1.126%
17-11-2021 1712.90 -1.808%
18-11-2021 1722.61 0.567%
22-11-2021 1665.21 -3.332%
23-11-2021 1664.58 -0.038%
24-11-2021 1632.52 -1.926%
25-11-2021 1643.17 0.652%
26-11-2021 1600.45 -2.600%
29-11-2021 1581.36 -1.193%
30-11-2021 1642.53 3.868%
1-12-2021 1654.79 0.746%
2-12-2021 1669.18 0.870%
3-12-2021 1666.30 -0.173%
6-12-2021 1645.78 -1.231%
7-12-2021 1649.00 0.196%
08-12-2021 1666.52 1.062%
09-12-2021 1662.19 -0.260%
10-12-2021 1701.65 2.374%
13-12-2021 1669.47 -1.891%
14-12-2021 1680.35 0.652%
15-12-2021 1693.24 0.767%
16-12-2021 1701.65 0.497%
17-12-2021 1674.97 -1.568%
20-12-2021 1567.27 -6.430%
21-12-2021 1573.25 0.382%
22-12-2021 1606.25 2.098%
23-12-2021 1615.40 0.570%
24-12-2021 1583.38 -1.982%
27-12-2021 1596.08 0.802%
28-12-2021 1671.08 4.699%
29-12-2021 1701.09 1.796%
30-12-2021 1697.58 -0.206%
31-12-2021 1705.39 0.460%
3-1-2022 1743.02 2.207%
4-1-2022 1791.22 2.765%
5-1-2022 1808.15 0.945%
6-1-2022 1805.76 -0.132%
07-01-2022 1821.01 0.845%
10-01-2022 1834.01 0.714%
11-01-2022 1833.08 -0.051%
12-01-2022 1857.70 1.343%
13-01-2022 1856.10 -0.086%
14-01-2022 1844.47 -0.627%
17-01-2022 1842.38 -0.113%
18-01-2022 1817.01 -1.377%
19-01-2022 1787.26 -1.637%
20-01-2022 1826.50 2.196%
21-01-2022 1776.50 -2.737%
24-01-2022 1623.55 -8.610%
25-01-2022 1578.63 -2.767%
27-01-2022 1549.89 -1.821%
28-01-2022 1569.74 1.281%
31-01-2022 1613.94 2.816%
01-02-2022 1630.72 1.040%
02-02-2022 1659.27 1.751%
03-02-2022 1632.48 -1.615%
04-02-2022 1629.75 -0.167%
07-02-2022 1576.99 -3.237%
08-02-2022 1584.57 0.481%
09-02-2022 1595.26 0.675%
10-02-2022 1586.66 -0.539%
11-02-2022 1549.97 -2.312%
14-02-2022 1477.02 -4.707%
15-02-2022 1450.45 -1.799%
16-02-2022 1424.14 -1.814%
17-02-2022 1402.55 -1.516%
18-02-2022 1355.95 -3.323%
21-02-2022 1361.25 0.391%
22-02-2022 1378.93 1.299%
23-02-2022 1430.87 3.767%
24-02-2022 1332.74 -6.858%
25-02-2022 1427.96 7.145%
28-02-2022 1451.24 1.630%
02-03-2022 1424.48 -1.844%
03-03-2022 1396.83 -1.941%
04-03-2022 1381.77 -1.078%
07-03-2022 1366.26 -1.122%
08-03-2022 1369.40 0.230%
09-03-2022 1379.53 0.740%
10-03-2022 1447.16 4.902%
11-03-2022 1461.66 1.002%
14-03-2022 1474.93 0.908%
15-03-2022 1472.20 -0.185%
16-03-2022 1524.11 3.526%
17-03-2022 1517.16 -0.456%
21-03-2022 1509.31 -0.517%
22-03-2022 1509.46 0.010%
23-03-2022 1497.24 -0.810%
24-03-2022 1521.87 1.645%
25-03-2022 1462.71 -3.887%
28-03-2022 1495.07 2.212%
29-03-2022 1499.56 0.300%
30-03-2022 1503.52 0.264%
31-03-2022 1511.93 0.559%
01-04-2022 1480.35 -2.089%
04-04-2022 1480.16 -0.013%
05-04-2022 1528.85 3.290%
06-04-2022 1535.32 0.423%
07-04-2022 1555.39 1.307%
08-04-2022 1539.92 -0.995%
11-04-2022 1559.46 1.269%
12-04-2022 1591.52 2.056%
13-04-2022 1594.70 0.200%
18-04-2022 1570.15 -1.539%
19-04-2022 1561.25 -0.567%
20-04-2022 1610.09 3.128%
21-04-2022 1584.42 -1.594%
22-04-2022 1614.28 1.885%
25-04-2022 1631.47 1.065%
26-04-2022 1603.14 -1.736%
27-04-2022 1602.58 -0.035%
28-04-2022 1617.79 0.949%
29-04-2022 1609.42 -0.517%
02-05-2022 1544.06 -4.061%
04-05-2022 1509.16 -2.260%
05-05-2022 1514.54 0.356%
06-05-2022 1439.24 -4.972%
09-05-2022 1400.42 -2.697%
10-05-2022 1382.52 -1.278%
11-05-2022 1369.47 -0.944%
12-05-2022 1333.30 -2.641%
13-05-2022 1292.19 -3.083%
16-05-2022 1280.09 -0.936%
17-05-2022 1309.98 2.335%
18-05-2022 1306.92 -0.234%
19-05-2022 1244.88 -4.747%
20-05-2022 1258.37 1.084%
23-05-2022 1271.23 1.022%
24-05-2022 1252.10 -1.505%
25-05-2022 1229.60 -1.797%
26-05-2022 1242.42 1.043%
27-05-2022 1262.56 1.621%
30-05-2022 1269.62 0.559%
31-05-2022 1292.94 1.837%
01-06-2022 1352.99 4.644%
02-06-2022 1319.77 -2.455%
03-06-2022 1304.97 -1.121%
06-06-2022 1280.05 -1.910%
07-06-2022 1245.97 -2.662%
08-06-2022 1257.81 0.950%
09-06-2022 1256.13 -0.134%
10-06-2022 1231.66 -1.948%
13-06-2022 1222.65 -0.732%
14-06-2022 1221.49 -0.095%
15-06-2022 1242.83 1.747%
16-06-2022 1221.38 -1.726%
17-06-2022 1220.11 -0.104%
20-06-2022 1201.54 -1.522%
21-06-2022 1259.50 4.824%
22-06-2022 1239.62 -1.578%
23-06-2022 1241.18 0.126%
24-06-2022 1246.64 0.440%
27-06-2022 1267.83 1.700%
28-06-2022 1220.15 -3.761%
29-06-2022 1246.90 2.192%
30-06-2022 1237.30 -0.770%
01-07-2022 1238.91 0.130%
04-07-2022 1292.94 4.361%
05-07-2022 1267.94 -1.934%
06-07-2022 1271.53 0.283%
07-07-2022 1271.12 -0.032%
08-07-2022 1271.08 -0.003%
11-07-2022 1281.73 0.838%
12-07-2022 1284.53 0.218%
13-07-2022 1325.27 3.172%
14-07-2022 1318.61 -0.503%
15-07-2022 1335.99 1.318%
18-07-2022 1327.21 -0.657%
19-07-2022 1329.86 0.200%
20-07-2022 1317.53 -0.927%
21-07-2022 1311.36 -0.468%
22-07-2022 1309.94 -0.108%
25-07-2022 1315.21 0.402%
26-07-2022 1307.93 -0.554%
27-07-2022 1340.66 2.502%
28-07-2022 1339.09 -0.117%
29-07-2022 1356.88 1.329%
01-08-2022 1409.72 3.894%
02-08-2022 1413.01 0.233%
03-08-2022 1408.52 -0.318%
04-08-2022 1467.27 4.171%
05-08-2022 1490.44 1.579%
08-08-2022 1474.41 -1.076%
10-08-2022 1452.32 -1.498%
11-08-2022 1478.97 1.835%
12-08-2022 1483.97 0.338%
16-08-2022 1494.77 0.728%
17-08-2022 1505.42 0.712%
18-08-2022 1525.27 1.319%
19-08-2022 1536.30 0.723%
22-08-2022 1522.12 -0.923%
23-08-2022 1543.29 1.391%
24-08-2022 1575.61 2.094%
25-08-2022 1567.60 -0.508%
26-08-2022 1577.37 0.623%
29-08-2022 1544.23 -2.101%
30-08-2022 1565.17 1.356%
01-09-2022 1631.37 4.230%
02-09-2022 1731.27 6.124%
05-09-2022 1724.28 -0.404%
06-09-2022 1750.01 1.492%
07-09-2022 1824.74 4.270%
08-09-2022 1848.68 1.312%
09-09-2022 1940.50 4.967%
12-09-2022 1909.12 -1.617%
13-09-2022 1829.53 -4.169%
14-09-2022 1804.36 -1.376%
15-09-2022 1874.15 3.868%
16-09-2022 1749.49 -6.652%
19-09-2022 1776.27 1.531%
20-09-2022 1808.69 1.825%
21-09-2022 1762.02 -2.580%
22-09-2022 1752.44 -0.544%
23-09-2022 1732.40 -1.144%
26-09-2022 1652.13 -4.633%
27-09-2022 1616.86 -2.135%
28-09-2022 1634.63 1.099%
29-09-2022 1612.49 -1.354%
30-09-2022 1669.93 3.562%
03-10-2022 1646.07 -1.429%
04-10-2022 1677.86 1.931%
06-10-2022 1682.99 0.306%
07-10-2022 1695.03 0.715%
10-10-2022 1645.59 -2.917%
11-10-2022 1626.96 -1.132%
12-10-2022 1643.87 1.039%
13-10-2022 1609.98 -2.062%
14-10-2022 1608.26 -0.107%
17-10-2022 1607.03 -0.076%
18-10-2022 1623.78 1.042%
19-10-2022 1539.03 -5.219%
20-10-2022 1526.09 -0.841%
21-10-2022 1498.30 -1.821%
24-10-2022 1508.47 0.679%
25-10-2022 1486.07 -1.485%
27-10-2022 1465.54 -1.381%
28-10-2022 1459.81 -0.391%
31-10-2022 1519.36 4.079%
1-11-2022 1546.21 1.767%
2-11-2022 1548.46 0.146%
3-11-2022 1552.57 0.265%
4-11-2022 1561.36 0.566%
07-11-2022 1568.65 0.467%
09-11-2022 1565.25 -0.217%
10-11-2022 1544.27 -1.340%
11-11-2022 1542.40 -0.121%
14-11-2022 1482.82 -3.863%
15-11-2022 1448.97 -2.283%
16-11-2022 1438.20 -0.743%
17-11-2022 1410.14 -1.951%
18-11-2022 1408.72 -0.101%
21-11-2022 1414.26 0.393%
22-11-2022 1420.59 0.448%
23-11-2022 1419.46 -0.080%
24-11-2022 1402.62 -1.186%
25-11-2022 1417.70 1.075%
28-11-2022 1419.13 0.101%
29-11-2022 1408.76 -0.731%
30-11-2022 1410.71 0.138%
1-12-2022 1440.31 2.098%
2-12-2022 1510.78 4.893%
5-12-2022 1527.51 1.107%
06-12-2022 1523.10 -0.289%
07-12-2022 1498.21 -1.634%
08-12-2022 1546.11 3.197%
09-12-2022 1543.94 -0.140%
12-12-2022 1530.10 -0.896%
13-12-2022 1571.53 2.708%
14-12-2022 1598.25 1.700%
15-12-2022 1562.36 -2.246%
16-12-2022 1535.52 -1.718%
19-12-2022 1518.12 -1.133%
20-12-2022 1502.70 -1.016%
21-12-2022 1468.90 -2.249%
22-12-2022 1471.71 0.191%
23-12-2022 1417.93 -3.654%
26-12-2022 1467.22 3.476%
27-12-2022 1476.84 0.656%
28-12-2022 1477.51 0.045%
29-12-2022 1471.00 -0.441%
30-12-2022 1470.03 -0.066%
2-1-2023 1469.43 -0.041%
03-01-2023 1502.70 2.264%
04-01-2023 1508.35 0.376%
05-01-2023 1504.57 -0.251%
06-01-2023 1542.15 2.498%
09-01-2023 1566.47 1.577%
10-01-2023 1562.36 -0.262%
11-01-2023 1545.37 -1.087%
12-01-2023 1544.77 -0.039%
13-01-2023 1532.60 -0.788%
16-01-2023 1478.90 -3.504%
17-01-2023 1488.74 0.665%
18-01-2023 1520.07 2.104%
19-01-2023 1503.15 -1.113%
20-01-2023 1493.38 -0.650%
23-01-2023 1514.00 1.381%
24-01-2023 1504.38 -0.635%
25-01-2023 1480.84 -1.565%
27-01-2023 1469.58 -0.760%
30-01-2023 1475.08 0.374%
31-01-2023 1536.50 4.164%
01-02-2023 1499.86 -2.385%
02-02-2023 1524.33 1.631%
03-02-2023 1537.32 0.852%
06-02-2023 1566.03 1.868%
07-02-2023 1552.85 -0.842%
08-02-2023 1522.54 -1.952%
09-02-2023 1519.69 -0.187%
10-02-2023 1453.37 -4.364%
13-02-2023 1424.14 -2.011%
14-02-2023 1430.32 0.434%
15-02-2023 1423.47 -0.479%
16-02-2023 1443.01 1.373%
17-02-2023 1432.30 -0.742%
20-02-2023 1422.23 -0.703%
21-02-2023 1455.47 2.337%
22-02-2023 1389.93 -4.503%
23-02-2023 1404.98 1.083%
24-02-2023 1397.38 -0.541%
27-02-2023 1402.17 0.343%
28-02-2023 1413.59 0.814%
01-03-2023 1424.48 0.770%
02-03-2023 1427.29 0.197%
03-03-2023 1438.06 0.755%
06-03-2023 1439.75 0.118%
08-03-2023 1450.08 0.717%
09-03-2023 1438.81 -0.777%
10-03-2023 1425.90 -0.897%
13-03-2023 1410.00 -1.115%
14-03-2023 1387.46 -1.599%
15-03-2023 1347.14 -2.906%
16-03-2023 1331.38 -1.170%
17-03-2023 1334.87 0.262%
20-03-2023 1315.71 -1.435%
21-03-2023 1331.87 1.228%
22-03-2023 1344.85 0.975%
23-03-2023 1333.72 -0.828%
24-03-2023 1330.93 -0.209%
27-03-2023 1319.7 -0.844%
28-03-2023 1298.74 -1.588%
29-03-2023 1340.06 3.182%
 Astral Pipes (22-23 Data)
Adj Close Returns
1480.35 Beta for Astral Pipes
1480.16 -0.01%
1528.85 3.29% Rf
1535.32 0.42%
1555.39 1.31% Rm (22-23)
1539.92 -0.99% Rm (21-22)
1559.46 1.27%
1591.52 2.06% Average Rm
1594.7 0.20%
1570.15 -1.54% RM calculation to find stable gro
1561.25 -0.57% 2019
1610.09 3.13% 13.30%
1584.42 -1.59%
1614.28 1.88%
1631.47 1.06% 2029
1603.14 -1.74% 25.91%
1602.58 -0.03%
1617.79 0.95% according to linear forecasting te
1609.42 -0.52%
1544.06 -4.06%
1509.16 -2.26%
1514.54 0.36%
1439.24 -4.97%
1400.42 -2.70%
1382.52 -1.28%
1369.47 -0.94%
1333.3 -2.64%
1292.19 -3.08%
1280.09 -0.94%
1309.98 2.33%
1306.92 -0.23%
1244.88 -4.75%
1258.37 1.08%
1271.23 1.02%
1252.1 -1.50%
1229.6 -1.80%
1242.42 1.04%
1262.56 1.62%
1269.62 0.56%
1292.94 1.84%
1352.99 4.64%
1319.77 -2.46%
1304.97 -1.12%
1280.05 -1.91%
1245.97 -2.66%
1257.81 0.95%
1256.13 -0.13%
1231.66 -1.95%
1222.65 -0.73%
1221.49 -0.09%
1242.83 1.75%
1221.38 -1.73%
1220.11 -0.10%
1201.54 -1.52%
1259.5 4.82%
1239.61 -1.58%
1241.18 0.13%
1246.64 0.44%
1267.83 1.70%
1220.15 -3.76%
1246.9 2.19%
1237.3 -0.77%
1238.91 0.13%
1292.94 4.36%
1267.94 -1.93%
1271.53 0.28%
1271.12 -0.03%
1271.08 0.00%
1281.73 0.84%
1284.53 0.22%
1325.27 3.17%
1318.61 -0.50%
1335.99 1.32%
1327.21 -0.66%
1329.86 0.20%
1317.53 -0.93%
1311.36 -0.47%
1309.94 -0.11%
1315.21 0.40%
1307.93 -0.55%
1340.66 2.50%
1339.09 -0.12%
1356.88 1.33%
1409.72 3.89%
1413.01 0.23%
1408.52 -0.32%
1467.27 4.17%
1490.44 1.58%
1474.41 -1.08%
1452.32 -1.50%
1478.97 1.83%
1483.97 0.34%
1494.77 0.73%
1505.42 0.71%
1525.27 1.32%
1536.3 0.72%
1522.12 -0.92%
1543.29 1.39%
1575.61 2.09%
1567.6 -0.51%
1577.37 0.62%
1544.23 -2.10%
1565.17 1.36%
1631.37 4.23%
1731.27 6.12%
1724.28 -0.40%
1750.01 1.49%
1824.74 4.27%
1848.68 1.31%
1940.5 4.97%
1909.12 -1.62%
1829.53 -4.17%
1804.36 -1.38%
1874.15 3.87%
1749.49 -6.65%
1776.27 1.53%
1808.69 1.83%
1762.02 -2.58%
1752.44 -0.54%
1732.4 -1.14%
1652.13 -4.63%
1616.86 -2.13%
1634.63 1.10%
1612.49 -1.35%
1669.93 3.56%
1646.07 -1.43%
1677.86 1.93%
1682.99 0.31%
1695.03 0.72%
1645.59 -2.92%
1626.96 -1.13%
1643.87 1.04%
1609.98 -2.06%
1608.26 -0.11%
1607.03 -0.08%
1623.78 1.04%
1539.03 -5.22%
1526.09 -0.84%
1498.3 -1.82%
1508.47 0.68%
1486.07 -1.48%
1465.54 -1.38%
1459.81 -0.39%
1519.36 4.08%
1546.21 1.77%
1548.46 0.15%
1552.57 0.27%
1561.36 0.57%
1568.65 0.47%
1565.25 -0.22%
1544.27 -1.34%
1542.4 -0.12%
1482.82 -3.86%
1448.97 -2.28%
1438.2 -0.74%
1410.14 -1.95%
1408.72 -0.10%
1414.26 0.39%
1420.59 0.45%
1419.46 -0.08%
1402.62 -1.19%
1417.7 1.08%
1419.13 0.10%
1408.76 -0.73%
1410.71 0.14%
1440.31 2.10%
1510.78 4.89%
1527.51 1.11%
1523.1 -0.29%
1498.21 -1.63%
1546.11 3.20%
1543.94 -0.14%
1530.1 -0.90%
1571.53 2.71%
1598.25 1.70%
1562.36 -2.25%
1535.52 -1.72%
1518.12 -1.13%
1502.7 -1.02%
1468.9 -2.25%
1471.71 0.19%
1417.93 -3.65%
1467.22 3.48%
1476.84 0.66%
1477.51 0.05%
1471 -0.44%
1470.03 -0.07%
1469.43 -0.04%
 1502.7 2.26%
1508.35 0.38%
1504.57 -0.25%
1542.15 2.50%
1566.47 1.58%
1562.36 -0.26%
1545.37 -1.09%
1544.77 -0.04%
1532.6 -0.79%
1478.9 -3.50%
1488.74 0.67%
1520.07 2.10%
1503.15 -1.11%
1493.38 -0.65%
1514 1.38%
1504.38 -0.64%
1480.84 -1.56%
1469.58 -0.76%
1475.08 0.37%
1536.5 4.16%
1499.86 -2.38%
1524.33 1.63%
1537.32 0.85%
1566.03 1.87%
1552.85 -0.84%
1522.54 -1.95%
1519.69 -0.19%
1453.37 -4.36%
1424.14 -2.01%
1430.32 0.43%
1423.47 -0.48%
1443.01 1.37%
1432.3 -0.74%
1422.23 -0.70%
1455.47 2.34%
1389.93 -4.50%
1404.98 1.08%
1397.38 -0.54%
1402.17 0.34%
1413.59 0.81%
1424.48 0.77%
1427.29 0.20%
1438.06 0.75%
1439.75 0.12%
1450.08 0.72%
1438.81 -0.78%
1425.9 -0.90%
1410 -1.12%
 1387.46 -1.60%
1347.14 -2.91%
1331.38 -1.17%
1334.87 0.26%
1315.71 -1.44%
1331.87 1.23%
1344.85 0.97%
1333.72 -0.83%
1330.93 -0.21%
1319.7 -0.84%
1298.74 -1.59%
1340.06 3.18%

STABLE GROWTH (Rf: 6%)

2032-33 2033-34
₹2,996.07 ₹3,175.83
₹750,170.49
₹753,166.55
6.51% 6%
0.5173

₹21,956.65 ₹23,274.05
9.66% 6.00%

STABLE GROWTH (Rf: 6%)

2032-33 2033-34 Rm in stable growth 6.50%

Data Table for Chang

7%
3,942,982.53 3810913.78079694

₹321,686.27 ₹340,987.45 Beta change 0.8467

10.73% 6%
Data Table for C
₹5,347,773.97 0.75
6.49% 6.44% 3,942,982.53 3942982.5312123
 0.523
₹5,669,460.25

6% 6%
6.61% 6.50%

0.61% 0.50%
0.838 0.8467

6.51% 6%
6.46% 6.46%
36.41% 36.41%
63.59% 63.59%
6.49% 6.44%
0.8467
 0.796 Assumption: This beta will be used for High Growth Period

6.0%

-3.34%
17.70%

7.18% (Since market return for FY 23 is negative we have taken the average

ation to find stable growth data

2020 2021 2021 2022 2023
-26.32% 77.99% 12.89% -3.34% 17.70%
we have taken 3 yearly CAGR to eliminate COVID drop and post Co

2030 2031 2032 2033 2034

28.32% 30.72% 33.13% 35.53% 37.94%

to linear forecasting techniques, RM is estimated to be grow at around 37.94%

 31st March, 31st March, 31st March, 31st March,
Particulars 2019 2020 2021 2022

final dividend paid per share 0.4 0 1 1.75

interim dividend paid per share 0.4 1.6 1.25 1.25
Dividend per share 0.8 1.6 2.25 3
Dividend Payout 6.78% 12.03% 13.83% 13.06%
Earnings per share ₹11.80 ₹13.30 ₹16.26 ₹22.97

D/P Ratio 13.65%

Scenario 1 : Company decides to reward their shareholders due to exceptional profit.

Scenario 2 : Company decides to cut down on dividend to use the money for acquisitions and expansions.

Data Table for Changing Market Return

7.50% 8% 8.50%
3689086.92072191 3576350.8109 3471720.6282

Data Table for Changing Beta

0.8 0.9 0.95
3942982.5312123 3942982.5312 3942982.5312
d for High Growth Period

negative we have taken the average return for Fy23 and Fy22)

2024 2025 2026 2027 2028

13.89% 16.30% 18.70% 21.10% 23.51%
eliminate COVID drop and post Covid Recovery
 31st March,
2023 Forcasting Factor

2.25
1.5
3.75
22.52% 13.65% D/P ratio
₹16.65

sitions and expansions.