Astron Paper & Board Mill Ltd
Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper[1]
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
-
Board Meeting Outcome for Revised Outcome - In Reply Of Your Mail Dated On 26.06.2025
2h - Auditors issued disclaimer; company reports Rs.52.3 Cr loss, plant shutdowns, going concern doubts.
-
Closure of Trading Window
7h - Trading window closed from July 1, 2025, till 48 hours after Q1 June 30, 2025 results announcement.
-
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.
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