Astron Paper & Board Mill Ltd
Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper[1]
- 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.
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
10 Jun - Revised Annual Secretarial Compliance Report with minor filing delays for FY ended March 31, 2025.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
9 Jun - Company Secretary Anita Kumawat resigns effective 09/06/2025; replacement to be appointed soon.
-
Announcement under Regulation 30 (LODR)-Cessation
9 Jun - Resignation of Company Secretary Anita Kumawat effective 09/06/2025; new appointment pending.
-
General Updates
6 Jun - Astron Paper paid Rs 4720 fine for delayed SEBI compliance; Board noted delay was unintentional.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Submission of copies of Newspaper Advertisement pursuant to Regulation 47 and 52(8) of SEBI (LODR), 2015
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