Astron Paper & Board Mill
Forest Materials
ASTRON NSE
₹2.53 No trade today
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹2.53 −7.17 −73.9% 1Y
Start ₹9.70
Key Fundamentals
MicrocapPaper, Forest & Jute ProductsForest MaterialsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- −4.91%
- Debt to Equity
- 0.94
- EPS (TTM)
- −₹4.19
- Book Value
- ₹14.65
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.17
- ROE
- −21.60%
- Dividend Yield
- 0.00%
- EBITDA
- −₹2.48 Cr
- 52W High
- ₹10.38
- 52W Low
- ₹2.48
- Volume
- 0
Peer Comparison
Commodities › Forest Materials › Paper & Paper Products
| ₹368.30 | 20.58 | ₹6,706 Cr | 1.18 | 1.09% | 4.77% | 7.39% | ₹7,319 Cr | ₹328 Cr | |
| ₹829.70 | 23.86 | ₹5,327 Cr | 1.52 | 0.37% | 4.25% | 6.17% | ₹4,375 Cr | ₹238 Cr | |
| ₹217.99 | 13.88 | ₹1,302 Cr | 0.65 | 0.97% | 4.10% | 5.60% | ₹1,817 Cr | ₹99 Cr | |
| ₹64.11 | 46.12 | ₹1,267 Cr | 0.65 | 0.79% | −1.66% | 0.04% | ₹1,702 Cr | ₹28 Cr | |
| ₹669.40 | 18.33 | ₹1,174 Cr | 1.40 | 0.28% | 6.04% | 8.49% | ₹2,340 Cr | ₹62 Cr | |
| ₹139.90 | 3.71 | ₹929 Cr | 0.42 | 2.97% | 11.20% | 6.41% | ₹4,649 Cr | ₹261 Cr | |
| ₹87.64 | 9.14 | ₹830 Cr | 1.15 | 0.69% | 12.80% | 18.10% | ₹814 Cr | ₹92 Cr | |
| Astron Paper & Board Mill (this company) | ₹2.53 | — | ₹12 Cr | 0.17 | 0.00% | −21.60% | −4.91% | ₹3 Cr | −₹19 Cr |
| Median 8 companies | ₹178.95 | 18.33 | ₹1,221 Cr | 0.90 | 0.74% | 4.51% | 6.29% | ₹2,079 Cr | ₹96 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
40 Weak
Data confidence 91/100
Category scores
- Quality
- 34
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 77
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 1
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 12
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 10
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.17 times its book value
Weaknesses
6- 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 -21.7% over last 3 years.
- Contingent liabilities of Rs.143 Cr.
- Company has high debtors of 2,605 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 3 | 4 |
| Oscillators | Bullish | 2 | 3 | 4 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
2
Neutral
3
Bullish
4
Overall
Strong Bearish
Bearish
12
Neutral
3
Bullish
4
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 30.67
- Neutral
- MACD (12,26,9)
- −0.10
- Bearish
- SMA (50)
- 2.87
- Bearish
- SMA (200)
- 3.77
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 10Y | −32.68% |
|---|---|
| 5Y | −63.04% |
| 3Y | −80.34% |
| 1Y | −96.88% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Loss narrowed by ₹2 Cr |
| 1Y | Loss narrowed by ₹33 Cr |
Operating cash flow
| 10Y | −2.84% |
|---|---|
| 5Y | −18.32% |
| 3Y | +19.68% |
| 1Y | +300.00% |
Operating margin· change in pp
| 10Y | −79.41 pp |
|---|---|
| 5Y | −73.11 pp |
| 3Y | −62.87 pp |
| 1Y | −32.29 pp |
Trailing twelve months: The last four quarters end with the latest fiscal year, which the 1Y column covers.
Revenue by year
| Mar 2017 | ₹182 Cr |
|---|---|
| Mar 2018 | ₹251 Cr |
| Mar 2019 | ₹373 Cr |
| Mar 2020 | ₹358 Cr |
| Mar 2021 | ₹435 Cr |
| Mar 2022 | ₹512 Cr |
| Mar 2023 | ₹395 Cr |
| Mar 2024 | ₹311 Cr |
| Mar 2025 | ₹96.00 Cr |
| Mar 2026 | ₹3.00 Cr |
Net profit by year
| Mar 2017 | ₹10.00 Cr |
|---|---|
| Mar 2018 | ₹21.00 Cr |
| Mar 2019 | ₹24.00 Cr |
| Mar 2020 | ₹13.00 Cr |
| Mar 2021 | ₹10.00 Cr |
| Mar 2022 | ₹9.00 Cr |
| Mar 2023 | −₹21.00 Cr |
| Mar 2024 | −₹9.00 Cr |
| Mar 2025 | −₹52.00 Cr |
| Mar 2026 | −₹19.00 Cr |
Quarterly Results
₹ CrResults for the period ended Jun 2026 were due by 14 Aug 2026 and are not in this table yet.
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 91.54 | 78.38 | 80.67 | 73.33 | 78.4 | 58.15 | 35.56 | 1.36 | 0.88 | 1.28 | 0 | 1.45 | 0.07 |
| Expenses | 89.64 | 76.1 | 78.35 | 70.72 | 82.55 | 67.12 | 42.85 | 16.5 | 2.94 | 1.45 | 0.84 | 0.42 | 1.97 |
| Operating Profit | 1.9 | 2.28 | 2.32 | 2.61 | −4.15 | −8.97 | −7.29 | −15.14 | −2.06 | −0.17 | −0.84 | 1.03 | −1.9 |
| OPM % | 2.08% | 2.91% | 2.88% | 3.56% | −5.29% | −15.43% | −20.5% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −234.09% | −13.28% | — | 71.03% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. |
| Other Income | 0.49 | 0.3 | 0.45 | 0.29 | 0.57 | 0.71 | 0.12 | 0 | 0.09 | 0 | 0 | 0 | 0 |
| Interest | 2.91 | 2.44 | 2.62 | 2.69 | 2.79 | 2.63 | 3.44 | 2.9 | 3.41 | 3.13 | 2.1 | 3.94 | 2.15 |
| Depreciation | 1.51 | 1.67 | 1.56 | 1.58 | 1.56 | 1.68 | 1.56 | 1.56 | 1.52 | 1.66 | 1.54 | 1.54 | 1.5 |
| PBT | −2.04 | −1.53 | −1.41 | −1.37 | −7.92 | −12.57 | −12.17 | −19.6 | −6.9 | −4.96 | −4.48 | −4.45 | −5.55 |
| Tax % | −25.62% | −22.88% | −31.91% | −28.47% | −37.2% | −29.28% | −23.99% | 33.62% | 15.36% | 0% | 0% | 0% | 0% |
| Net Profit | −1.52 | −1.17 | −0.96 | −0.98 | −4.98 | −8.9 | −9.26 | −26.19 | −7.96 | −4.96 | −4.49 | −4.46 | −5.55 |
| EPS (₹) | −0.33 | −0.25 | −0.21 | −0.21 | −1.07 | −1.91 | −1.99 | −5.63 | −1.71 | −1.07 | −0.97 | −0.96 | −1.19 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 152 | 157 | 182 | 251 | 373 | 358 | 435 | 512 | 395 | 311 | 96 | 3 |
| Expenses | 133 | 137 | 161 | 219 | 323 | 324 | 407 | 485 | 410 | 308 | 129 | 5 |
| Operating Profit | 19 | 20 | 22 | 32 | 50 | 34 | 28 | 27 | −15 | 3 | −33 | −2 |
| OPM % | 13% | 12% | 12% | 13% | 13% | 10% | 6% | 5% | −3.8% | 1% | −35% | −68% |
| Other Income | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 0 | 0 |
| Interest | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 8 | 10 | 11 | 12 | 11 |
| Depreciation | 3 | 3 | 3 | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 |
| PBT | 6 | 6 | 8 | 19 | 36 | 20 | 15 | 14 | −29 | −12 | −51 | −19 |
| Tax % | 31% | 4% | −20% | −10% | 33% | 34% | 34% | 37% | −29% | −28% | 2% | 0% |
| Net Profit | 4 | 6 | 10 | 21 | 24 | 13 | 10 | 9 | −21 | −9 | −52 | −19 |
| EPS (₹) | 1.27 | 1.87 | 3.08 | 4.48 | 5.18 | 2.87 | 2.08 | 1.87 | −4.45 | −1.89 | −11.25 | −4.18 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32 | 32 | 32 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | −3 | 3 | 13 | 80 | 104 | 117 | 127 | 135 | 114 | 106 | 53 | 34 |
| Borrowings | 72 | 78 | 89 | 75 | 57 | 61 | 45 | 66 | 76 | 80 | 76 | 75 |
| Other Liabilities | 36 | 45 | 38 | 31 | 87 | 86 | 87 | 85 | 67 | 61 | 44 | 52 |
| Total Liabilities | 137 | 158 | 173 | 232 | 294 | 310 | 305 | 332 | 304 | 293 | 220 | 207 |
| Fixed Assets | 66 | 75 | 79 | 90 | 121 | 129 | 126 | 122 | 134 | 129 | 123 | 116 |
| CWIP | 1 | 0 | 1 | 13 | 2 | 0 | 7 | 8 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 4 | 4 | 6 | 6 | 5 | 5 | 5 | 5 |
| Other Assets | 70 | 84 | 92 | 128 | 167 | 177 | 166 | 197 | 165 | 158 | 93 | 86 |
| Total Assets | 137 | 158 | 173 | 232 | 294 | 310 | 305 | 332 | 304 | 293 | 220 | 207 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 11 | 16 | 16 | 5 | 37 | 19 | 33 | −14 | 7 | 5 | 3 | 12 |
| Investing | −2 | −10 | −10 | −28 | −27 | −11 | −4 | −1 | −9 | 0 | 2 | 0 |
| Financing | −8 | −3 | −7 | 38 | −26 | −3 | −24 | 14 | 4 | −5 | −14 | −12 |
| Net Cash Flow | 1 | 2 | −1 | 15 | −15 | 4 | 6 | −2 | 1 | 0 | −10 | 0 |
| Free Cash Flow | 9 | 5 | 7 | −22 | 13 | 8 | 22 | −17 | −4 | 3 | 3 | 12 |
| CFO/EBITDA | 56 | 86 | 80 | 26 | 81 | 80 | 133 | −41 | −59 | 173 | −9 | −631 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 69 | 86 | 70 | 86 | 82 | 95 | 66 | 69 | 59 | 62 | 78 | 2,605 |
| Inventory Days | 129 | 129 | 132 | 75 | 94 | 86 | 59 | 47 | 53 | 66 | 56 | 1,921 |
| Days Payable | 20 | 27 | 79 | 53 | 107 | 125 | 92 | 71 | 73 | 96 | 145 | 5,030 |
| Cash Conversion Cycle | 178 | 188 | 123 | 108 | 68 | 55 | 33 | 45 | 39 | 33 | −11 | −504 |
| Working Capital Days | 12 | 17 | 12 | 20 | 23 | 23 | 24 | 28 | 3 | −16 | −150 | −6,766 |
| ROCE % | 17% | 16% | 16% | 17% | 22% | 14% | 11% | 10% | −8% | −1% | −19% | −5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Astron Paper & Board Mill insights
60 extracted metrics across FY14–FY26.
Documents
- 29 May 2025
- 21 Jan 2026
- 14 Jan 2026
- 14 Nov 2024
- 12 Nov 2024
- 5 Apr 2024
- General announcements 15 Oct 2026
- General announcements 22 Sep 2026
- General announcements 19 Sep 2026
- General announcements 17 Sep 2026
Frequently Asked Questions about Astron Paper & Board Mill
What does Astron Paper & Board Mill Ltd do?
Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper
Where is Astron Paper & Board Mill Ltd (ASTRON) listed?
Astron Paper & Board Mill Ltd trades as ASTRON on the NSE and under code 540824 on the BSE.
Which sector does Astron Paper & Board Mill Ltd belong to?
Astron Paper & Board Mill Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the 52-week high and low of Astron Paper & Board Mill Ltd?
Over the last 52 weeks Astron Paper & Board Mill Ltd has traded between ₹2.48 and ₹10.38 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Astron Paper & Board Mill Ltd?
Astron Paper & Board Mill Ltd reported a return on equity of -21.60%. Its debt-to-equity ratio is 0.94.
Company Information
Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper
Website astronpaper.com
CEO Mr. Kiritbhai Ghanshyambhai Patel
Employees 32
Listed 29 Dec 2017
Face Value ₹10
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