Astron Paper & Board Mill Ltd

Astron Paper Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Astron Paper & Board Mill Ltd

₹ 7.45 0.68%
28 Nov 9:19 a.m.
astronpaper.com BSE: 540824 NSE: ASTRON
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

Website BSE NSE
  • Market Cap ₹ 34.6 Cr.
  • Current Price ₹ 7.45
  • High / Low ₹ 24.1 / 6.68
  • Stock P/E
  • Book Value ₹ 17.5
  • Dividend Yield 0.00 %
  • ROCE -20.3 %
  • ROE -47.6 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.42 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.

Peer comparison

Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
100.13 87.20 91.54 78.38 80.67 73.33 78.40 58.43 35.55 1.37 0.88 1.28 0.00
113.42 91.99 89.89 76.37 78.65 70.86 82.81 67.51 42.91 16.53 3.00 1.48 0.86
Operating Profit -13.29 -4.79 1.65 2.01 2.02 2.47 -4.41 -9.08 -7.36 -15.16 -2.12 -0.20 -0.86
OPM % -13.27% -5.49% 1.80% 2.56% 2.50% 3.37% -5.62% -15.54% -20.70% -1,106.57% -240.91% -15.62%
0.29 0.12 0.30 0.04 0.19 0.03 0.53 0.25 0.11 0.00 0.11 0.00 0.00
Interest 2.66 2.57 3.22 2.65 2.80 2.85 2.93 2.70 3.05 2.91 3.53 3.18 2.13
Depreciation 1.64 1.73 1.74 1.89 1.79 1.80 1.78 1.91 1.79 1.79 1.74 1.89 1.77
Profit before tax -17.30 -8.97 -3.01 -2.49 -2.38 -2.15 -8.59 -13.44 -12.09 -19.86 -7.28 -5.27 -4.76
Tax % -30.17% -26.76% -54.15% -24.50% -30.25% -28.84% -28.75% -29.24% -34.41% 40.74% 55.63% 0.00% 0.00%
-12.07 -6.58 -1.39 -1.89 -1.66 -1.54 -6.13 -9.51 -7.92 -27.95 -11.33 -5.26 -4.75
EPS in Rs -2.60 -1.42 -0.30 -0.41 -0.36 -0.33 -1.32 -2.05 -1.70 -6.01 -2.44 -1.13 -1.02
Raw PDF

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 TTM
251 373 358 434 512 395 311 96 4
219 320 322 403 484 412 309 130 22
Operating Profit 32 53 36 32 28 -18 2 -34 -18
OPM % 13% 14% 10% 7% 5% -4% 1% -35% -520%
1 1 1 2 1 1 1 0 0
Interest 10 11 11 11 10 11 11 12 12
Depreciation 4 5 6 7 7 7 7 7 7
Profit before tax 19 38 20 16 12 -35 -16 -53 -37
Tax % -10% 28% 33% 34% 34% -31% -28% 8%
21 28 13 10 8 -24 -11 -57 -49
EPS in Rs 4.48 5.94 2.85 2.20 1.74 -5.15 -2.41 -12.20 -10.60
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -23%
3 Years: -43%
TTM: -99%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -96%
Stock Price CAGR
10 Years: %
5 Years: -30%
3 Years: -40%
1 Year: -58%
Return on Equity
10 Years: %
5 Years: -9%
3 Years: -21%
Last Year: -48%

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 Sep 2025
Equity Capital 46 46 46 46 46 46 46 46 46
Reserves 80 105 119 129 137 113 102 45 35
75 68 73 58 76 84 83 78 77
31 92 90 90 90 68 63 48 49
Total Liabilities 232 313 329 323 350 312 294 217 207
90 138 151 149 144 155 150 142 139
CWIP 13 2 0 7 8 0 0 0 0
Investments 0 1 1 2 2 1 1 1 1
128 172 176 166 197 155 143 74 68
Total Assets 232 313 329 323 350 312 294 217 207

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 20 21 22 25 28 -5 -18 -132
ROCE % 23% 14% 11% 9% -9% -2% -20%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 25.37% 25.37% 25.37% 25.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00%
72.94% 72.94% 72.93% 72.93% 72.94% 72.94% 72.89% 72.94% 74.63% 74.63% 74.62% 74.63%
No. of Shareholders 21,68321,33620,82421,85321,07521,04920,96521,18721,83921,75521,26721,215

* 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.

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Documents

Announcements

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DRHP

Credit ratings

Concalls

  • Jan 2019
    Transcript
    Notes
    PPT
  • Jan 2018
    Transcript
    Notes
    PPT