Astron Paper & Board Mill Ltd

₹ 39.9 0.25%
01 Jul - close price
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]

  • Market Cap 186 Cr.
  • Current Price 39.9
  • High / Low 74.5 / 32.3
  • Stock P/E 21.0
  • Book Value 39.1
  • Dividend Yield 0.00 %
  • ROCE 9.61 %
  • ROE 4.97 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.02 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 27.06%
  • Company has a low return on equity of 6.37% for last 3 years.
  • Promoter holding has decreased over last 3 years: -16.72%

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
82.71 85.19 90.75 100.36 67.27 99.69 124.35 143.87 112.48 115.55 141.52 143.29
72.66 77.09 84.48 90.74 59.85 99.63 117.31 130.96 107.01 108.30 131.96 138.73
Operating Profit 10.05 8.10 6.27 9.62 7.42 0.06 7.04 12.91 5.47 7.25 9.56 4.56
OPM % 12.15% 9.51% 6.91% 9.59% 11.03% 0.06% 5.66% 8.97% 4.86% 6.27% 6.76% 3.18%
0.15 0.32 0.00 1.03 0.00 0.60 0.01 2.54 0.38 0.41 0.29 0.57
Interest 1.98 2.15 2.06 3.73 2.29 2.29 2.31 2.85 2.08 1.98 2.23 2.17
Depreciation 1.30 1.33 1.90 0.88 1.35 1.35 1.45 1.89 1.51 1.53 1.53 1.54
Profit before tax 6.92 4.94 2.31 6.04 3.78 -2.98 3.29 10.71 2.26 4.15 6.09 1.42
Tax % 22.54% 42.91% 28.14% 42.22% 30.42% 31.88% 24.32% 37.82% 10.62% 47.23% 37.93% 41.55%
Net Profit 5.36 2.82 1.66 3.49 2.62 -2.03 2.50 6.65 2.02 2.19 3.78 0.83
EPS in Rs 1.15 0.61 0.36 0.75 0.56 -0.44 0.54 1.43 0.43 0.47 0.81 0.18

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
0 0 106 152 157 182 251 373 358 435 513
0 0 95 133 137 161 219 323 324 407 486
Operating Profit 0 -0 11 19 20 22 32 50 34 28 27
OPM % 10% 13% 12% 12% 13% 13% 10% 6% 5%
0 0 0 0 0 1 1 1 1 3 2
Interest 0 0 10 11 11 11 10 10 10 10 8
Depreciation 0 0 3 3 3 3 4 5 5 6 6
Profit before tax 0 -0 -1 6 6 8 19 36 20 15 14
Tax % -19% -116% 31% 4% -20% -10% 33% 34% 34% 37%
Net Profit 0 -0 -3 4 6 10 21 24 13 10 9
EPS in Rs 0.00 -0.46 -0.97 1.27 1.87 3.08 4.48 5.18 2.87 2.10 1.90
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 11%
TTM: 18%
Compounded Profit Growth
10 Years: 47%
5 Years: -3%
3 Years: -28%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -29%
1 Year: -27%
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
0 4 31 32 32 32 46 46 46 46 46
Reserves 0 8 -7 -3 3 13 80 104 117 127 135
0 32 72 72 78 89 75 57 61 45 66
5 6 31 36 45 38 31 87 86 87 84
Total Liabilities 5 50 127 137 158 173 232 294 310 305 332
0 4 67 66 75 79 90 121 129 126 122
CWIP 1 36 0 1 0 1 13 2 0 7 8
Investments 0 0 0 0 0 0 0 4 4 6 6
4 10 59 70 84 92 128 167 177 166 197
Total Assets 5 50 127 137 158 173 232 294 310 305 332

Cash Flows

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
0 -1 11 16 16 5 37 19 33 -14
0 -39 -2 -10 -10 -28 -27 -11 -4 -1
0 40 -8 -3 -7 38 -26 -3 -24 14
Net Cash Flow 0 1 1 2 -1 15 -15 4 6 -2

Ratios

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
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 53 74
ROCE % -1% 17% 16% 16% 17% 22% 14% 11% 10%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
43.78 43.78 43.78 43.78 43.78 45.93 45.93 45.93 45.93 27.06 27.06 27.06
0.20 0.18 0.18 0.26 0.26 0.26 0.26 0.26 0.00 0.01 0.15 0.05
1.82 0.59 0.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
54.20 55.45 55.83 55.96 55.96 53.81 53.81 53.81 54.07 72.93 72.79 72.89

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