Astron Paper & Board Mill Ltd

₹ 3.91 0.26%

15 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

Website BSE NSE - BE

Market Cap ₹ 18.2 Cr.
Current Price ₹ 3.91
High / Low ₹ 18.9 / 3.26
Stock P/E
Book Value ₹ 14.6
Dividend Yield 0.00 %
ROCE -6.12 %
ROE -26.6 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.27 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -63.6% over past five years.
Promoter holding is low: 25.4%
Company has a low return on equity of -25.3% over last 3 years.
Company has high debtors of 2,801 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	91.54	78.38	80.67	73.33	78.40	58.43	35.55	1.37	0.88	1.28	0.00	1.45	0.07
	89.89	76.37	78.65	70.86	82.81	67.51	42.91	16.53	3.00	1.48	0.86	0.64	2.31
Operating Profit	1.65	2.01	2.02	2.47	-4.41	-9.08	-7.36	-15.16	-2.12	-0.20	-0.86	0.81	-2.24
OPM %	1.80%	2.56%	2.50%	3.37%	-5.62%	-15.54%	-20.70%	-1,106.57%	-240.91%	-15.62%		55.86%	-3,200.00%
	0.30	0.04	0.19	0.03	0.53	0.25	0.11	0.00	0.11	0.00	0.00	0.00	0.00
Interest	3.22	2.65	2.80	2.85	2.93	2.70	3.05	2.91	3.53	3.18	2.13	4.10	2.15
Depreciation	1.74	1.89	1.79	1.80	1.78	1.91	1.79	1.79	1.74	1.89	1.77	1.77	1.73
Profit before tax	-3.01	-2.49	-2.38	-2.15	-8.59	-13.44	-12.09	-19.86	-7.28	-5.27	-4.76	-5.06	-6.12
Tax %	-54.15%	-24.50%	-30.25%	-28.84%	-28.75%	-29.24%	-34.41%	40.74%	55.63%	0.00%	0.00%	0.00%	0.00%
	-1.39	-1.89	-1.66	-1.54	-6.13	-9.51	-7.92	-27.95	-11.33	-5.26	-4.75	-5.06	-6.11
EPS in Rs	-0.30	-0.41	-0.36	-0.33	-1.32	-2.05	-1.70	-6.01	-2.44	-1.13	-1.02	-1.09	-1.31
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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	Mar 2026
	251	373	358	434	512	395	311	96	3
	219	320	322	403	484	412	309	130	5
Operating Profit	32	53	36	32	28	-18	2	-34	-2
OPM %	13%	14%	10%	7%	5%	-4%	1%	-35%	-89%
	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	-21
Tax %	-10%	28%	33%	34%	34%	-31%	-28%	8%	0%
	21	28	13	10	8	-24	-11	-57	-21
EPS in Rs	4.48	5.94	2.85	2.20	1.74	-5.15	-2.41	-12.20	-4.55
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	-64%
3 Years:	-81%
TTM:	-97%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	4%
TTM:	63%

Stock Price CAGR
10 Years:	%
5 Years:	-41%
3 Years:	-46%
1 Year:	-78%

Return on Equity
10 Years:	%
5 Years:	-15%
3 Years:	-25%
Last Year:	-27%

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	Mar 2026
Equity Capital	46	46	46	46	46	46	46	46	46
Reserves	80	105	119	129	137	113	102	45	22
	75	68	73	58	76	84	83	78	77
	31	92	90	90	90	68	63	48	58
Total Liabilities	232	313	329	323	350	312	294	217	203
	90	138	151	149	144	155	150	142	135
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	67
Total Assets	232	313	329	323	350	312	294	217	203

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	Mar 2026
	5	46	28	35	-10	11	12	4	14
	-28	-28	-18	-5	-3	-10	-1	2	0
	38	-33	-4	-24	11	-0	-11	-16	-14
Net Cash Flow	15	-15	5	6	-2	1	0	-10	-0
Free Cash Flow	-22	17	10	24	-13	1	10	5	14
CFO/OP	26%	94%	101%	122%	-22%	-74%	582%	-12%	-578%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	86	84	96	67	70	60	64	83	2,801
Inventory Days	75	95	88	61	50	58	72	69	2,451
Days Payable	53	110	127	92	75	76	100	156	5,388
Cash Conversion Cycle	108	69	57	36	45	42	35	-4	-136
Working Capital Days	20	21	22	25	28	-5	-18	-132	-6,273
ROCE %		23%	14%	11%	9%	-9%	-2%	-20%	-6%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Total Installed Capacity
MTPA

xx,xxx	xx,xxx	xx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx			x
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx				x.xx
		xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
			xxx		xxx	xxx	xxx	xxx	xxx	xx
			x	x	x	x	x

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Production Volume
MT ・Standalone data

Capacity Utilization
% ・Standalone data

Raw Material Mix - Imported Waste Paper
% ・Standalone data

Permanent Employee Count
Number ・Standalone data

Captive Power Plant Capacity
MW ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	27.06%	27.06%	27.06%	27.06%	27.06%	27.06%	25.37%	25.37%	25.37%	25.37%	25.37%	25.37%
	0.00%	0.00%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	72.93%	72.93%	72.94%	72.94%	72.89%	72.94%	74.63%	74.63%	74.62%	74.63%	74.63%	74.64%
No. of Shareholders	20,824	21,853	21,075	21,049	20,965	21,187	21,839	21,755	21,267	21,215	21,327	21,441

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	43.78%	43.78%	43.78%	45.93%	27.06%	27.06%	27.06%	25.37%	25.37%
	0.00%	0.20%	0.26%	0.26%	0.05%	0.00%	0.00%	0.00%	0.00%
	0.00%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	56.22%	54.34%	55.96%	53.81%	72.89%	72.94%	72.94%	74.63%	74.64%
No. of Shareholders	25,266	18,970	17,866	17,536	20,870	21,336	21,049	21,755	21,441

* 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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Astron Paper & Board Mill Ltd

Astron Paper & Board Mill Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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