Astron Paper & Board Mill Ltd

₹ 34.8 -1.14%

02 Dec - close price

astronpaper.com BSE: 540824 NSE : ASTRON

About

Astron Paper and Board mill Ltd is a paper manufacturing company. It is engaged in the manufacturing of Kraft Paper from waste paper. ^[1]

Key Points

Product Portfolio
The product portfolio of the company consists of Fluting Medium Paper, Test Liners, VTL (Virgin Top Liner), Kraft Liner, H-RCT Kraft Liner, etc. ^[1]
The packaging paper of the company is used by the packaging industry for making corrugated boxes, sacks, liners, and composite containers. ^[2]

Website BSE NSE

Market Cap ₹ 162 Cr.
Current Price ₹ 34.8
High / Low ₹ 54.8 / 32.3
Stock P/E
Book Value ₹ 36.0
Dividend Yield 0.00 %
ROCE 9.74 %
ROE 5.07 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.96 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding is low: 27.1%
Company has a low return on equity of 6.40% over last 3 years.
Earnings include an other income of Rs.1.67 Cr.
Promoter holding has decreased over last 3 years: -16.7%

* 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.

Peer comparison

Sector: Paper Industry: Paper

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	85.19	90.75	100.36	67.27	99.69	124.35	143.87	112.48	115.55	141.52	143.29	115.86	97.51
	77.09	84.48	90.74	59.85	99.63	117.31	130.96	107.01	108.30	131.96	138.73	117.87	107.88
Operating Profit	8.10	6.27	9.62	7.42	0.06	7.04	12.91	5.47	7.25	9.56	4.56	-2.01	-10.37
OPM %	9.51%	6.91%	9.59%	11.03%	0.06%	5.66%	8.97%	4.86%	6.27%	6.76%	3.18%	-1.73%	-10.63%
	0.32	0.00	1.03	0.00	0.60	0.01	2.54	0.38	0.41	0.29	0.57	0.28	0.53
Interest	2.15	2.06	3.73	2.29	2.29	2.31	2.85	2.08	1.98	2.23	2.17	2.25	2.38
Depreciation	1.33	1.90	0.88	1.35	1.35	1.45	1.89	1.51	1.53	1.53	1.54	1.51	1.41
Profit before tax	4.94	2.31	6.04	3.78	-2.98	3.29	10.71	2.26	4.15	6.09	1.42	-5.49	-13.63
Tax %	42.91%	28.14%	42.22%	30.42%	31.88%	24.32%	37.82%	10.62%	47.23%	37.93%	41.55%	29.69%	29.27%
Net Profit	2.82	1.66	3.49	2.62	-2.03	2.50	6.65	2.02	2.19	3.78	0.83	-3.86	-9.64
EPS in Rs	0.61	0.36	0.75	0.56	-0.44	0.54	1.43	0.43	0.47	0.81	0.18	-0.83	-2.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	0	0	106	152	157	182	251	373	358	435	512	498
	0	0	95	133	137	161	219	323	324	407	485	496
Operating Profit	0	-0	11	19	20	22	32	50	34	28	27	2
OPM %			10%	13%	12%	12%	13%	13%	10%	6%	5%	0%
	0	0	0	0	0	1	1	1	1	3	1	2
Interest	0	0	10	11	11	11	10	10	10	10	8	9
Depreciation	0	0	3	3	3	3	4	5	5	6	6	6
Profit before tax	0	-0	-1	6	6	8	19	36	20	15	14	-12
Tax %		-19%	-116%	31%	4%	-20%	-10%	33%	34%	34%	37%
Net Profit	0	-0	-3	4	6	10	21	24	13	10	9	-9
EPS in Rs	0.00	-0.46	-0.97	1.27	1.87	3.08	4.48	5.18	2.87	2.08	1.90	-1.91
Dividend Payout %		0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	23%
3 Years:	11%
TTM:	0%

Compounded Profit Growth
10 Years:	47%
5 Years:	-2%
3 Years:	-28%
TTM:	-167%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	-3%
1 Year:	-29%

Return on Equity
10 Years:	%
5 Years:	11%
3 Years:	6%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	0	4	31	32	32	32	46	46	46	46	46	46
Reserves	0	8	-7	-3	3	13	80	104	117	127	135	121
	0	32	72	72	78	89	75	57	61	45	66	71
	5	6	31	36	45	38	31	87	86	87	84	70
Total Liabilities	5	50	127	137	158	173	232	294	310	305	332	309
	0	4	67	66	75	79	90	121	129	126	122	121
CWIP	1	36	0	1	0	1	13	2	0	7	8	9
Investments	0	0	0	0	0	0	0	4	4	6	6	6
	4	10	59	70	84	92	128	167	177	166	197	173
Total Assets	5	50	127	137	158	173	232	294	310	305	332	309

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	-1	11	16	16	5	37	19	33	-14
	-39	-2	-10	-10	-28	-27	-11	-4	-1
	40	-8	-3	-7	38	-26	-3	-24	14
Net Cash Flow	1	1	2	-1	15	-15	4	6	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days		98	69	86	70	86	82	95	66	69
Inventory Days		121	129	129	132	75	94	86	59	47
Days Payable		22	20	27	79	53	107	125	92	70
Cash Conversion Cycle		197	178	188	123	108	68	55	33	45
Working Capital Days		108	93	104	97	93	62	76	57	74
ROCE %	-1%		17%	16%	16%	17%	22%	14%	11%	10%

Shareholding Pattern

Numbers in percentages

Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
43.78	43.78	43.78	45.93	45.93	45.93	45.93	27.06	27.06	27.06	27.06	27.06
0.18	0.26	0.26	0.26	0.26	0.26	0.00	0.01	0.15	0.05	0.00	0.06
0.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
55.83	55.96	55.96	53.81	53.81	53.81	54.07	72.93	72.79	72.89	72.94	72.89

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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Jan 2019

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Jan 2018

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