Astron Paper & Board Mill Ltd
Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper[1]
- Market Cap ₹ 70.5 Cr.
- Current Price ₹ 15.1
- High / Low ₹ 25.5 / 10.1
- Stock P/E
- Book Value ₹ 21.5
- Dividend Yield 0.00 %
- ROCE -19.3 %
- ROE -41.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.71 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -23.2% over past five years.
- Promoter holding is low: 25.4%
- Company has a low return on equity of -18.0% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
106 | 152 | 157 | 182 | 251 | 373 | 358 | 435 | 512 | 395 | 311 | 96 | 39 | |
95 | 133 | 137 | 161 | 219 | 323 | 324 | 407 | 485 | 410 | 308 | 129 | 64 | |
Operating Profit | 11 | 19 | 20 | 22 | 32 | 50 | 34 | 28 | 27 | -15 | 3 | -33 | -25 |
OPM % | 10% | 13% | 12% | 12% | 13% | 13% | 10% | 6% | 5% | -4% | 1% | -35% | -63% |
0 | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 0 | 0 | |
Interest | 10 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 8 | 10 | 11 | 12 | 13 |
Depreciation | 3 | 3 | 3 | 3 | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 |
Profit before tax | -1 | 6 | 6 | 8 | 19 | 36 | 20 | 15 | 14 | -29 | -12 | -51 | -44 |
Tax % | 116% | 31% | 4% | -20% | -10% | 33% | 34% | 34% | 37% | -29% | -28% | 2% | |
-3 | 4 | 6 | 10 | 21 | 24 | 13 | 10 | 9 | -21 | -9 | -52 | -48 | |
EPS in Rs | -0.97 | 1.27 | 1.87 | 3.08 | 4.48 | 5.18 | 2.87 | 2.08 | 1.87 | -4.45 | -1.89 | -11.25 | -10.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | -23% |
3 Years: | -43% |
TTM: | -87% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -206% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -19% |
3 Years: | -25% |
1 Year: | -36% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | -8% |
3 Years: | -18% |
Last Year: | -42% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 32 | 32 | 32 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
Reserves | -7 | -3 | 3 | 13 | 80 | 104 | 117 | 127 | 135 | 114 | 106 | 53 |
72 | 72 | 78 | 89 | 75 | 57 | 61 | 45 | 66 | 76 | 80 | 76 | |
31 | 36 | 45 | 38 | 31 | 87 | 86 | 87 | 85 | 67 | 61 | 44 | |
Total Liabilities | 127 | 137 | 158 | 173 | 232 | 294 | 310 | 305 | 332 | 304 | 293 | 220 |
67 | 66 | 75 | 79 | 90 | 121 | 129 | 126 | 122 | 134 | 129 | 123 | |
CWIP | 0 | 1 | 0 | 1 | 13 | 2 | 0 | 7 | 8 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 6 | 6 | 5 | 5 | 5 |
59 | 70 | 84 | 92 | 128 | 167 | 177 | 166 | 197 | 165 | 158 | 93 | |
Total Assets | 127 | 137 | 158 | 173 | 232 | 294 | 310 | 305 | 332 | 304 | 293 | 220 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 16 | 16 | 5 | 37 | 19 | 33 | -14 | 7 | 5 | 3 | ||
-2 | -10 | -10 | -28 | -27 | -11 | -4 | -1 | -9 | -0 | 2 | ||
-8 | -3 | -7 | 38 | -26 | -3 | -24 | 14 | 4 | -5 | -14 | ||
Net Cash Flow | 1 | 2 | -1 | 15 | -15 | 4 | 6 | -2 | 1 | 0 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 98 | 69 | 86 | 70 | 86 | 82 | 95 | 66 | 69 | 59 | 62 | 78 |
Inventory Days | 121 | 129 | 129 | 132 | 75 | 94 | 86 | 59 | 47 | 53 | 66 | 56 |
Days Payable | 22 | 20 | 27 | 79 | 53 | 107 | 125 | 92 | 71 | 73 | 96 | 145 |
Cash Conversion Cycle | 197 | 178 | 188 | 123 | 108 | 68 | 55 | 33 | 45 | 39 | 33 | -11 |
Working Capital Days | 5 | 12 | 17 | 12 | 20 | 23 | 23 | 24 | 28 | 3 | -16 | -150 |
ROCE % | 17% | 16% | 16% | 17% | 22% | 14% | 11% | 10% | -8% | -1% | -19% |
Documents
Announcements
-
Intimation Of Default
8 Sep - Rs.81.85 crore default as of 30-Jun-2025; lenders include ICICI, Axis, Union, SBI Mauritius, Bank of Maharashtra.
- Reg. 34 (1) Annual Report. 8 Sep
-
Announcement Under Regulation 30 (LODR)- General Announcements
6 Sep - 06/09/2025: Company discloses financial stress; plant closed over eleven months; clarifies recent share-price surge.
- Notice Of The 15Th Annual General Meeting Of The Company 6 Sep
-
Announcement under Regulation 30 (LODR)-Credit Rating
1 Sep - Informerics downgraded Rs127 crore bank facilities to IVRD; debt-servicing delays (14 Nov 2024).
Business Overview:[1][2]
APBL is an ISO 9001:2015 and ISO 14001:2015 certified, and one of the largest manufacturers of recycled corrugated paper. It manufactures different varieties of kraft paper ranging from 80 to 350 Grams Per Square Meter (GSM) and Bursting Factor (BF) from 16 to 40