As of 6 Nov 2026, Astron Paper & Board Mill is loss-making on a trailing 12-month basis, with a net loss of ₹21 Cr, so it has no P/E ratio. The share price is ₹2.63, 73% below its 52-week high. Sales fell 81% a year over 3 years. Debt is 1.13× equity. It is a small-cap company with a market cap of ₹12 Cr, ranked 38th of 43 Paper & Paper Products companies by market cap; the shares fell 74% over the past year.
- ₹2.55
- ₹2.64
- ₹2.52
- ₹2.58
- 10.6K
Health check
- ReturnsBehind
−74.3% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −80.8% a year over 3 years.
- ProfitabilityNegative
ROCE -10.9% vs peer median 6.0%.
- Balance sheetStretched
Debt 1.13× equity, operating profit doesn’t cover interest, Piotroski 5 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹12 Cr
- Small cap
- P/E
- n/a
- Industry 14.0
- Price to book
- 0.18
- Peers 1.16
- Dividend yield
- 0.00%
- ROE
- −26.6%
- Peers 5.8%
- ROCE
- −10.9%
- Peers 6.0%
- Debt to equity
- 1.13
- Debt ₹77 Cr
- EPS (TTM)
- −₹4.56
- Face value ₹10
- OPM (TTM)
- −5929.4%
- Net margin 0.0%
- Sales growth
- −92.4%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 4.45
- EV/EBITDA −36.0
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −26.6%.
- Quarterly sales down 92.4% on a year ago.
- 73% below its 52-week high.
- Interest coverage of only −0.2×.
About Astron Paper & Board Mill
Astron Paper & Board Mill Limited manufactures and sells a range of kraft papers from wastepaper for the packaging industry in India. The company offers fluting medium, test liner, kraft liner, virgin top liner, H-RCT kraft liner, and liner products, as well as high ring crust test and corrugated medium papers. The company also exports its products. Astron Paper & Board Mill Limited was incorporated in 2010 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Sector
- Basic Materials
- ISIN
- INE646X01014
- Website
- astronpaper.com
Price range
- Avg volume (3M)
- 22.5K
- 1-year return
- minus 74.3%
- From 52-week high
- minus 72.7%
Peers · Paper & Paper Products
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JKPAPERJK Paper | 368.00 | minus 0.90% | 6,673 | 18.9 | 9.2 | 6.2% | 10.1% | 0.43 | 2.8% | minus 3.9% |
| WSTCSTPAPRWest Coast Paper Mills | 738.15 | minus 11.24% | 4,875 | 21.2 | 9.7 | 5.9% | 11.5% | 0.08 | −4.5% | plus 84.7% |
| SESHAPAPERSeshasayee Paper and Boards | 216.45 | minus 0.48% | 1,365 | 11.0 | 8.5 | 4.4% | 7.0% | – | −6.3% | minus 15.5% |
| ANDHRAPAPANDHRA PAPER | 61.52 | minus 1.96% | 1,223 | 23.4 | 10.7 | 1.9% | 4.8% | 0.15 | −6.7% | minus 19.1% |
| NRAILN R Agarwal Industries | 673.00 | minus 0.25% | 1,145 | 18.4 | 10.8 | 7.7% | 9.9% | 1.01 | 6.9% | plus 43.2% |
| TNPLTamil Nadu Newsprint & Papers | 136.26 | minus 2.23% | 943 | 3.6 | 4.9 | 6.3% | 10.2% | 0.70 | −3.6% | minus 8.9% |
| PDMJEPAPERPudumjee Paper Products | 87.80 | minus 0.93% | 834 | 9.2 | 5.4 | – | 14.3% | 0.05 | 2.1% | minus 24.4% |
| ASTRONAstron Paper & Board Mill | 2.63 | plus 1.94% | 12 | – | – | −10.9% | −5929.4% | 1.13 | −80.8% | minus 74.3% |
| Median of 7 peers | – | −0.93% | 1,223 | 18.4 | 9.2 | 6.0% | 10.1% | 0.29 | −3.6% | −8.9% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 |
|---|---|---|---|---|---|
| 0.9 | 1.3 | – | 1.4 | 0.1 | |
| 3 | 1.5 | – | 0.6 | 2.3 | |
| −2.1 | −0.2 | −0.9 | 0.8 | −2.2 | |
| −240.0% | −15.4% | – | 56.3% | −3349.2% | |
| 0.1 | 0 | 0 | −0 | 0 | |
| 3.5 | 3.2 | 2.1 | 4.1 | 2.1 | |
| 1.7 | 1.9 | 1.8 | 1.8 | 1.7 | |
| −7.3 | −5.3 | −4.8 | −5.1 | −6.1 | |
| −55.6% | – | – | – | – | |
| −11.3 | −5.3 | −4.8 | −5.1 | −6.1 | |
| -2.45 | -1.13 | -1.02 | -1.09 | -1.31 |
Profit & loss
- Sales CAGR 3Y
- −80.8%
- ROE
- −26.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 395 | 311 | 96.2 | 2.8 | |
| – | minus 21.2% | minus 69.0% | minus 97.1% | |
| 410 | 310 | 130 | 5.3 | |
| −15.1 | 0.8 | −33.7 | −2.5 | |
| −3.8% | 0.3% | −35.1% | −88.7% | |
| −4.6 | −0 | 0.5 | 0 | |
| 8.2 | 9.1 | 12.2 | 11.6 | |
| 6.8 | 7.3 | 7.2 | 7.2 | |
| 0.1 | 0 | – | – | |
| −34.6 | −15.6 | −52.7 | −21.2 | |
| 30.7% | 28.2% | −7.7% | – | |
| −23.9 | −11.2 | −56.7 | −21.2 | |
| -5.15 | -2.41 | -12.20 | -4.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 46.5 | 46.5 | 46.5 | 46.5 | |
| 113 | 102 | 44.8 | 21.6 | |
| 84.4 | 82.9 | 78 | 77 | |
| 68.3 | 63.3 | 47.7 | 58.3 | |
| 312 | 294 | 217 | 203 | |
| 155 | 151 | 143 | 135 | |
| 0.3 | 1 | 0.8 | 0.3 | |
| 1.4 | 1.1 | 0.5 | 0.7 | |
| 0.3 | 0.3 | 0.1 | 0.1 | |
| 155 | 141 | 72.6 | 66.9 | |
| 312 | 294 | 217 | 203 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.1 | 11.9 | 4 | 14.3 | |
| −9.6 | −1.1 | 1.6 | 0 | |
| −0.2 | −10.7 | −15.6 | −14.4 | |
| 1.3 | 0.1 | −10.1 | −0.2 | |
| −10.6 | −2 | −0 | −0 | |
| 0.5 | 9.9 | 4 | 14.2 |
Shareholding pattern
- Promoters25.37%
- Public74.63%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 31 Mar 2026 | 25.37% | 74.63% | 0.00 | |
| 31 Dec 2025 | 25.37% | 74.63% | 0.00 | |
| 30 Sep 2025 | 25.37% | 74.63% | 0.00 | |
| 30 Jun 2025 | 25.37% | 74.63% | 0.00 | |
| 31 Mar 2025 | 25.37% | 74.63% | – |
Major shareholders
Filings & events
News
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