Astron Paper & Board Mill Ltd

Astron Paper & Board Mill Ltd

₹ 16.5 4.95%
26 Jun - close price
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 76.6 Cr.
  • Current Price 16.5
  • High / Low 29.9 / 10.1
  • Stock P/E
  • Book Value 19.6
  • Dividend Yield 0.00 %
  • ROCE -20.2 %
  • ROE -47.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.84 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.1% over past five years.
  • Promoter holding is low: 25.4%
  • Company has a low return on equity of -20.7% over last 3 years.
  • Debtor days have increased from 69.1 to 83.1 days.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
144 116 100 87 92 78 81 73 78 58 36 1 1
130 117 113 92 90 76 79 71 83 68 43 17 3
Operating Profit 14 -1 -13 -5 2 2 2 2 -4 -9 -7 -15 -2
OPM % 10% -1% -13% -5% 2% 3% 2% 3% -6% -16% -21% -1,107% -241%
2 0 0 0 0 0 0 0 1 0 0 0 0
Interest 3 3 3 3 3 3 3 3 3 3 3 3 4
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 10 -5 -17 -9 -3 -2 -2 -2 -9 -13 -12 -20 -7
Tax % 35% -26% -30% -27% -54% -24% -30% -29% -29% -29% -34% 41% 56%
7 -4 -12 -7 -1 -2 -2 -2 -6 -10 -8 -28 -11
EPS in Rs 1.46 -0.84 -2.60 -1.42 -0.30 -0.41 -0.36 -0.33 -1.32 -2.05 -1.70 -6.01 -2.44
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
251 373 358 434 512 395 311 96
219 320 322 403 484 412 309 130
Operating Profit 32 53 36 32 28 -18 2 -34
OPM % 13% 14% 10% 7% 5% -4% 1% -35%
1 1 1 2 1 1 1 0
Interest 10 11 11 11 10 11 11 12
Depreciation 4 5 6 7 7 7 7 7
Profit before tax 19 38 20 16 12 -35 -16 -53
Tax % -10% 28% 33% 34% 34% -31% -28% 8%
21 28 13 10 8 -24 -11 -57
EPS in Rs 4.48 5.94 2.85 2.20 1.74 -5.15 -2.41 -12.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -23%
3 Years: -43%
TTM: -69%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -405%
Stock Price CAGR
10 Years: %
5 Years: -16%
3 Years: -24%
1 Year: -23%
Return on Equity
10 Years: %
5 Years: -9%
3 Years: -21%
Last Year: -47%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 46 46 46 46 46 46 46 46
Reserves 80 105 119 129 137 113 102 45
75 68 73 58 76 84 83 78
31 92 90 90 90 68 63 48
Total Liabilities 232 313 329 323 350 312 294 217
90 138 151 149 144 155 150 142
CWIP 13 2 0 7 8 0 0 0
Investments 0 1 1 2 2 1 1 1
128 172 176 166 197 155 143 74
Total Assets 232 313 329 323 350 312 294 217

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5 46 28 35 -10 11 12 4
-28 -28 -18 -5 -3 -10 -1 2
38 -33 -4 -24 11 -0 -11 -16
Net Cash Flow 15 -15 5 6 -2 1 0 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 86 84 96 67 70 60 64 83
Inventory Days 75 95 88 61 50 58 72 69
Days Payable 53 110 127 92 75 76 100 156
Cash Conversion Cycle 108 69 57 36 45 42 35 -4
Working Capital Days 93 61 77 62 77 71 76 97
ROCE % 23% 14% 11% 9% -9% -2% -20%

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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