Astron Paper & Board Mill Ltd

Astron Paper & Board Mill Ltd

₹ 18.4 -1.97%
13 Jun 4:01 p.m.
About

Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper[1]

Key Points

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

  • Market Cap 85.1 Cr.
  • Current Price 18.4
  • High / Low 29.9 / 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 0.86 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
143.29 115.86 97.51 89.82 91.54 78.38 80.67 73.33 78.40 58.15 35.56 1.36 0.88
138.73 117.87 107.88 94.25 89.64 76.10 78.35 70.72 82.55 67.12 42.85 16.50 2.94
Operating Profit 4.56 -2.01 -10.37 -4.43 1.90 2.28 2.32 2.61 -4.15 -8.97 -7.29 -15.14 -2.06
OPM % 3.18% -1.73% -10.63% -4.93% 2.08% 2.91% 2.88% 3.56% -5.29% -15.43% -20.50% -1,113.24% -234.09%
0.57 0.28 0.53 0.35 0.49 0.30 0.45 0.29 0.57 0.71 0.12 0.00 0.09
Interest 2.17 2.25 2.38 2.30 2.91 2.44 2.62 2.69 2.79 2.63 3.44 2.90 3.41
Depreciation 1.54 1.51 1.41 1.50 1.51 1.67 1.56 1.58 1.56 1.68 1.56 1.56 1.52
Profit before tax 1.42 -5.49 -13.63 -7.88 -2.03 -1.53 -1.41 -1.37 -7.93 -12.57 -12.17 -19.60 -6.90
Tax % 41.55% -29.69% -29.27% -27.79% -25.62% -22.88% -31.91% -28.47% -37.20% -29.28% -23.99% 33.62% 15.36%
0.83 -3.86 -9.64 -5.69 -1.52 -1.17 -0.96 -0.98 -4.98 -8.90 -9.26 -26.19 -7.96
EPS in Rs 0.18 -0.83 -2.07 -1.22 -0.33 -0.25 -0.21 -0.21 -1.07 -1.91 -1.99 -5.63 -1.71
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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
106 152 157 182 251 373 358 435 512 395 311 96
95 133 137 161 219 323 324 407 485 410 308 129
Operating Profit 11 19 20 22 32 50 34 28 27 -15 3 -33
OPM % 10% 13% 12% 12% 13% 13% 10% 6% 5% -4% 1% -35%
0 0 0 1 1 1 1 3 1 2 2 0
Interest 10 11 11 11 10 10 10 10 8 10 11 12
Depreciation 3 3 3 3 4 5 5 6 6 6 6 6
Profit before tax -1 6 6 8 19 36 20 15 14 -29 -12 -51
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
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
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: -69%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -494%
Stock Price CAGR
10 Years: %
5 Years: -11%
3 Years: -23%
1 Year: -14%
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 108 93 104 97 93 62 76 57 74 73 77 76
ROCE % 17% 16% 16% 17% 22% 14% 11% 10% -8% -1% -19%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 25.37% 25.37%
0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00% 0.00%
72.94% 72.89% 72.94% 72.94% 72.93% 72.93% 72.94% 72.94% 72.89% 72.94% 74.63% 74.63%
No. of Shareholders 20,78921,27921,68321,33620,82421,85321,07521,04920,96521,18721,83921,755

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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