Astron Paper & Board Mill Ltd.
•₹ 3.151.61%
2026-08-21
PROS
- Working capital cycle has improved - days down from -6 to -128
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- Company has a low return on equity of -22.9% over last 3 years
- Company has a low return on capital employed of -10.5%
- Interest coverage is weak at -3.3x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.29x)
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JKPAPER | 378.80 | 21.18 | 6868.36 | 1.06 | 136.27 | 59.49 | 1887.17 | 12.72 | 7.80 | 15.39 |
| 2. | WSTCSTPAPR | 614.95 | 17.68 | 4061.68 | 0.49 | 141.84 | 135.37 | 1051.26 | 10.12 | 7.11 | 19.34 |
| 3. | SESHAPAPER | 226.55 | 14.43 | 1428.81 | 0.88 | 31.91 | 106.80 | 492.08 | 27.68 | 5.60 | 8.85 |
| 4. | ANDHRAPAP | 60.98 | 0.00 | 1212.59 | 0.82 | 303.16 | 1322.95 | 3937.71 | 900.89 | 1.99 | 12.39 |
| 5. | TNPL | 138.45 | 0.00 | 958.22 | 2.89 | 57.40 | 874.63 | 11466.40 | 903.98 | 5.85 | 10.02 |
| 6. | NRAIL | 501.20 | 0.00 | 853.00 | 0.40 | 34.98 | 111.33 | 646.96 | 43.09 | 8.25 | 11.48 |
| 7. | PDMJEPAPER | 87.44 | 0.00 | 830.24 | 0.69 | 33.72 | -6.95 | 202.92 | 3.29 | 20.10 | 17.53 |
| 8. | KUANTUM | 78.92 | 0.00 | 688.68 | 3.17 | 6.23 | -48.34 | 303.75 | 36.87 | 5.24 | 13.20 |
| 9. | SATIA | 58.03 | 0.00 | 580.30 | 0.69 | -171.20 | -641.72 | 3618.15 | 875.45 | 10.53 | 14.04 |
| 10. | BBTCL | 245.95 | 15.16 | 504.47 | 0.00 | 14.39 | 727.77 | 180.47 | 18.53 | 3.03 | 18.69 |
| 11. | RAMANEWS | 32.50 | 0.00 | 479.45 | 0.00 | -10.50 | -29.46 | 9.72 | 6.02 | 1.87 | -7.68 |
| 12. | ASTRON | 3.22 | 0.00 | 14.97 | 0.00 | -6.11 | 46.06 | 0.07 | -92.05 | -20.23 | -3185.71 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 92 | 78 | 81 | 73 | 78 | 58 | 36 | 1 | 1 | 1 | 0 | 1 | 0 | |
| 90 | 76 | 79 | 71 | 83 | 68 | 43 | 17 | 3 | 1 | 1 | 1 | 2 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 2 | 4 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| -3 | -2 | -2 | -2 | -9 | -13 | -12 | -20 | -7 | -5 | -5 | -5 | -6 | |
| Tax % | 54.15% | 24.50% | 30.25% | 28.84% | 28.72% | 29.24% | 34.44% | -40.74% | -55.63% | -0.00% | -0.00% | -0.00% | -0.00% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | -10 | -8 | -28 | -11 | -5 | -5 | -5 | -6 |
| -0 | -0 | -0 | -0 | -1 | -2 | -2 | -6 | -2 | -1 | -1 | -1 | -1 | |
| Equity Capital | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Mar 2023
- 92
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -3
- Tax %
- 54.15%
- Net Profit
- 0
- -0
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2023
- 78
- 76
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -2
- Tax %
- 24.50%
- Net Profit
- 0
- -0
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 81
- 79
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -2
- Tax %
- 30.25%
- Net Profit
- 0
- -0
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 73
- 71
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -2
- Tax %
- 28.84%
- Net Profit
- 0
- -0
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 78
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 2
- -9
- Tax %
- 28.72%
- Net Profit
- 0
- -1
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 58
- 68
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -13
- Tax %
- 29.24%
- Net Profit
- -10
- -2
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 36
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -12
- Tax %
- 34.44%
- Net Profit
- -8
- -2
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -20
- Tax %
- -40.74%
- Net Profit
- -28
- -6
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 2
- -7
- Tax %
- -55.63%
- Net Profit
- -11
- -2
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -5
- Tax %
- -0.00%
- Net Profit
- -5
- -1
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- -5
- Tax %
- -0.00%
- Net Profit
- -5
- -1
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 2
- -5
- Tax %
- -0.00%
- Net Profit
- -5
- -1
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 0
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- -6
- Tax %
- -0.00%
- Net Profit
- -6
- -1
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 46
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | |
|---|---|---|---|---|---|---|---|---|---|
| 253 | 374 | 359 | 435 | 513 | 395 | 311 | 96 | 3 | |
| 221 | 321 | 323 | 403 | 485 | 412 | 309 | 130 | 5 | |
| Operating Profit | 32 | 55 | 37 | 34 | 29 | -17 | 3 | -33 | — |
| OPM % | 13 | 15 | 10 | 8 | 6 | -4 | 1 | -35 | — |
| Other Income | 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 |
| 19 | 38 | 20 | 16 | 12 | -35 | -16 | -53 | -21 | |
| Tax % | -10 | 28 | 33 | 34 | 34 | 31 | 28 | -8 | 0 |
| Net Profit | 21 | 28 | 13 | 10 | 8 | -24 | -11 | -57 | -21 |
| EPS | 0 | 0 | 0 | 2 | 2 | -5 | -2 | -12 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 6 | 3 | 2 | 2 | -5 | -2 | -12 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 6 | 3 | 2 | 2 | -5 | -2 | -12 | — |
Mar 2018
- 253
- 221
- Operating Profit
- 32
- OPM %
- 13
- Other Income
- 1
- Interest
- 10
- Depreciation
- 4
- 19
- Tax %
- -10
- Net Profit
- 21
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2019
- 374
- 321
- Operating Profit
- 55
- OPM %
- 15
- Other Income
- 1
- Interest
- 11
- Depreciation
- 5
- 38
- Tax %
- 28
- Net Profit
- 28
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2020
- 359
- 323
- Operating Profit
- 37
- OPM %
- 10
- Other Income
- 1
- Interest
- 11
- Depreciation
- 6
- 20
- Tax %
- 33
- Net Profit
- 13
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2021
- 435
- 403
- Operating Profit
- 34
- OPM %
- 8
- Other Income
- 2
- Interest
- 11
- Depreciation
- 7
- 16
- Tax %
- 34
- Net Profit
- 10
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 513
- 485
- Operating Profit
- 29
- OPM %
- 6
- Other Income
- 1
- Interest
- 10
- Depreciation
- 7
- 12
- Tax %
- 34
- Net Profit
- 8
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 395
- 412
- Operating Profit
- -17
- OPM %
- -4
- Other Income
- 1
- Interest
- 11
- Depreciation
- 7
- -35
- Tax %
- 31
- Net Profit
- -24
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2024
- 311
- 309
- Operating Profit
- 3
- OPM %
- 1
- Other Income
- 1
- Interest
- 11
- Depreciation
- 7
- -16
- Tax %
- 28
- Net Profit
- -11
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2025
- 96
- 130
- Operating Profit
- -33
- OPM %
- -35
- Other Income
- 0
- Interest
- 12
- Depreciation
- 7
- -53
- Tax %
- -8
- Net Profit
- -57
- EPS
- -12
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -12
TTM
- 3
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 12
- Depreciation
- 7
- -21
- Tax %
- 0
- Net Profit
- -21
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- -23%
- 3 Years:
- -43%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -45%
- 3 Years:
- -53%
- 1 Year:
- -78%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- -12%
- 3 Years:
- -23%
- 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 | |
|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - |
| Equity Capital | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| 80 | 105 | 119 | 129 | 137 | 113 | 102 | 45 | |
| 50 | 42 | 54 | 36 | 63 | 76 | 80 | 60 | |
| Trade Payables | 23 | 68 | 72 | 70 | 75 | 62 | 61 | 41 |
| 33 | 52 | 38 | 41 | 31 | 15 | 2 | 25 | |
| Total Liabilities | 233 | 313 | 330 | 324 | 352 | 312 | 290 | 217 |
| ASSETS | - | - | - | - | - | - | - | - |
| 90 | 138 | 151 | 149 | 144 | 155 | 150 | 142 | |
| Capital Work in Progress | 13 | 2 | 0 | 7 | 8 | 0 | 0 | 0 |
| 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | |
| 33 | 59 | 50 | 47 | 50 | 47 | 43 | 18 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 55 | 22 | |
| Cash & Bank | 15 | 0 | 5 | 11 | 9 | 10 | 10 | 0 |
| 81 | 114 | 123 | 110 | 140 | 98 | 31 | 34 | |
| Total Assets | 233 | 313 | 330 | 324 | 352 | 312 | 290 | 217 |
| Total Debt | 75 | 68 | 73 | 58 | 76 | 84 | 83 | 78 |
| Net Working Capital | 29 | 21 | 27 | 40 | 48 | 5 | -5 | -34 |
| Contingent Liabilities | 3 | 4 | 4 | 5 | 5 | 5 | 61 | 134 |
| Book Value per Share | 27.11 | 32.68 | 35.60 | 37.78 | 39.51 | 34.24 | 31.84 | 19.64 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 75 | 68 | 73 | 58 | 76 | 84 | 83 | 78 |
| Net Working Capital | 29 | 21 | 27 | 40 | 48 | 5 | -5 | -34 |
| Contingent Liabilities | 3 | 4 | 4 | 5 | 5 | 5 | 61 | 134 |
| Book Value per Share | 27.11 | 32.68 | 35.60 | 37.78 | 39.51 | 34.24 | 31.84 | 19.64 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2018
- Equity Capital
- 46
- 80
- 50
- Trade Payables
- 23
- 33
- Total Liabilities
- 233
- 90
- Capital Work in Progress
- 13
- 0
- 33
- 0
- Cash & Bank
- 15
- 81
- Total Assets
- 233
- Total Debt
- 75
- Net Working Capital
- 29
- Contingent Liabilities
- 3
- Book Value per Share
- 27.11
- Face Value
- 10.00
- Total Debt
- 75
- Net Working Capital
- 29
- Contingent Liabilities
- 3
- Book Value per Share
- 27.11
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 46
- 105
- 42
- Trade Payables
- 68
- 52
- Total Liabilities
- 313
- 138
- Capital Work in Progress
- 2
- 1
- 59
- 0
- Cash & Bank
- 0
- 114
- Total Assets
- 313
- Total Debt
- 68
- Net Working Capital
- 21
- Contingent Liabilities
- 4
- Book Value per Share
- 32.68
- Face Value
- 10.00
- Total Debt
- 68
- Net Working Capital
- 21
- Contingent Liabilities
- 4
- Book Value per Share
- 32.68
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 46
- 119
- 54
- Trade Payables
- 72
- 38
- Total Liabilities
- 330
- 151
- Capital Work in Progress
- 0
- 1
- 50
- 0
- Cash & Bank
- 5
- 123
- Total Assets
- 330
- Total Debt
- 73
- Net Working Capital
- 27
- Contingent Liabilities
- 4
- Book Value per Share
- 35.60
- Face Value
- 10.00
- Total Debt
- 73
- Net Working Capital
- 27
- Contingent Liabilities
- 4
- Book Value per Share
- 35.60
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 46
- 129
- 36
- Trade Payables
- 70
- 41
- Total Liabilities
- 324
- 149
- Capital Work in Progress
- 7
- 2
- 47
- 0
- Cash & Bank
- 11
- 110
- Total Assets
- 324
- Total Debt
- 58
- Net Working Capital
- 40
- Contingent Liabilities
- 5
- Book Value per Share
- 37.78
- Face Value
- 10.00
- Total Debt
- 58
- Net Working Capital
- 40
- Contingent Liabilities
- 5
- Book Value per Share
- 37.78
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 46
- 137
- 63
- Trade Payables
- 75
- 31
- Total Liabilities
- 352
- 144
- Capital Work in Progress
- 8
- 2
- 50
- 0
- Cash & Bank
- 9
- 140
- Total Assets
- 352
- Total Debt
- 76
- Net Working Capital
- 48
- Contingent Liabilities
- 5
- Book Value per Share
- 39.51
- Face Value
- 10.00
- Total Debt
- 76
- Net Working Capital
- 48
- Contingent Liabilities
- 5
- Book Value per Share
- 39.51
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 46
- 113
- 76
- Trade Payables
- 62
- 15
- Total Liabilities
- 312
- 155
- Capital Work in Progress
- 0
- 1
- 47
- 0
- Cash & Bank
- 10
- 98
- Total Assets
- 312
- Total Debt
- 84
- Net Working Capital
- 5
- Contingent Liabilities
- 5
- Book Value per Share
- 34.24
- Face Value
- 10.00
- Total Debt
- 84
- Net Working Capital
- 5
- Contingent Liabilities
- 5
- Book Value per Share
- 34.24
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 46
- 102
- 80
- Trade Payables
- 61
- 2
- Total Liabilities
- 290
- 150
- Capital Work in Progress
- 0
- 1
- 43
- 55
- Cash & Bank
- 10
- 31
- Total Assets
- 290
- Total Debt
- 83
- Net Working Capital
- -5
- Contingent Liabilities
- 61
- Book Value per Share
- 31.84
- Face Value
- 10.00
- Total Debt
- 83
- Net Working Capital
- -5
- Contingent Liabilities
- 61
- Book Value per Share
- 31.84
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 46
- 45
- 60
- Trade Payables
- 41
- 25
- Total Liabilities
- 217
- 142
- Capital Work in Progress
- 0
- 1
- 18
- 22
- Cash & Bank
- 0
- 34
- Total Assets
- 217
- Total Debt
- 78
- Net Working Capital
- -34
- Contingent Liabilities
- 134
- Book Value per Share
- 19.64
- Face Value
- 10.00
- Total Debt
- 78
- Net Working Capital
- -34
- Contingent Liabilities
- 134
- Book Value per Share
- 19.64
- Face Value
- 10.00
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 | |
| Cash from Investing | -28 | -28 | -18 | -5 | -3 | -10 | -1 | 2 |
| Cash from Financing | 38 | -33 | -4 | -24 | 11 | -0 | -11 | -16 |
| 15 | -15 | 5 | 6 | -2 | 1 | 0 | -10 | |
| Free Cash Flow | 5 | 4 | 10 | 24 | -13 | 1 | 10 | 4 |
| OCF / Net Profit | 0.25 | 1.67 | 2.08 | 3.41 | -1.22 | -0.47 | -1.06 | -0.07 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 26 | 31 | 25 |
| OCF / Net Profit | 0.25 | 1.67 | 2.08 | 3.41 | -1.22 | -0.47 | -1.06 | -0.07 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 26 | 31 | 25 |
Mar 2018
- 5
- Cash from Investing
- -28
- Cash from Financing
- 38
- 15
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
Mar 2019
- 46
- Cash from Investing
- -28
- Cash from Financing
- -33
- -15
- Free Cash Flow
- 4
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- 0
Mar 2020
- 28
- Cash from Investing
- -18
- Cash from Financing
- -4
- 5
- Free Cash Flow
- 10
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 0
Mar 2021
- 35
- Cash from Investing
- -5
- Cash from Financing
- -24
- 6
- Free Cash Flow
- 24
- OCF / Net Profit
- 3.41
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.41
- Cumulative 5-Year FCF
- 0
Mar 2022
- -10
- Cash from Investing
- -3
- Cash from Financing
- 11
- -2
- Free Cash Flow
- -13
- OCF / Net Profit
- -1.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.22
- Cumulative 5-Year FCF
- 0
Mar 2023
- 11
- Cash from Investing
- -10
- Cash from Financing
- -0
- 1
- Free Cash Flow
- 1
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- 26
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- 26
Mar 2024
- 12
- Cash from Investing
- -1
- Cash from Financing
- -11
- 0
- Free Cash Flow
- 10
- OCF / Net Profit
- -1.06
- Cumulative 5-Year FCF
- 31
- OCF / Net Profit
- -1.06
- Cumulative 5-Year FCF
- 31
Mar 2025
- 4
- Cash from Investing
- 2
- Cash from Financing
- -16
- -10
- Free Cash Flow
- 4
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 25
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 25
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - |
| EPS (₹) | 4.48 | 5.94 | 2.85 | 2.20 | 1.74 | -5.15 | -2.41 | -12.20 |
| Book Value (₹) | 27.11 | 32.68 | 35.60 | 37.78 | 39.51 | 34.24 | 31.84 | 19.64 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 5.23 | 7.11 | 4.18 | 3.69 | 3.25 | -3.68 | -0.85 | -10.64 |
| PROFITABILITY | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.41% | 12.96% | 9.23% | 6.95% | 5.03% | -3.74% | 0.66% | -34.43% |
| Net Margin % | 7.36% | 6.56% | 3.29% | 2.11% | 1.41% | -5.34% | -3.54% | -57.88% |
| ROE % | 16.53% | 19.86% | 8.34% | 5.99% | 4.51% | -13.97% | -7.30% | -47.38% |
| ROCE % | 14.34% | 23.31% | 13.50% | 11.35% | 8.89% | -9.37% | -1.85% | -20.23% |
| 8.95% | 10.11% | 4.12% | 3.13% | 2.40% | -7.21% | -3.72% | -22.36% | |
| EFFICIENCY | - | - | - | - | - | - | - | - |
| Debtor Days | 76 | 63 | 82 | 66 | 57 | 66 | 69 | 143 |
| Inventory Days | 42 | 40 | 49 | 36 | 31 | 39 | 52 | 115 |
| Payable Days | 53 | 74 | 124 | 93 | 73 | 84 | 101 | 195 |
| 65 | 28 | 7 | 9 | 14 | 22 | 20 | 63 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.59x | 0.45x | 0.44x | 0.33x | 0.42x | 0.53x | 0.56x | 0.85x |
| Interest Coverage (x) | 2.91x | 4.51x | 2.73x | 2.38x | 2.27x | -2.15x | -0.39x | -3.32x |
| 1.33x | 1.15x | 1.19x | 1.32x | 1.33x | 1.03x | 0.96x | 0.68x | |
| GROWTH | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 47.86% | -4.03% | 21.24% | 17.85% | -23.03% | -21.27% | -69.04% |
| Operating Profit Growth % | 0.00% | 68.75% | -31.80% | -9.39% | -14.10% | -157.91% | 117.23% | -1251.88% |
| Net Profit Growth % | 0.00% | 32.49% | -52.05% | -22.82% | -20.60% | -395.26% | 53.20% | -406.01% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 53.20% | -406.01% | |
| VALUATION | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.60x | 0.53x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 56.02x | -3.80x |
Mar 2018
- EPS (₹)
- 4.48
- Book Value (₹)
- 27.11
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.23
- Operating Margin %
- 11.41%
- Net Margin %
- 7.36%
- ROE %
- 16.53%
- ROCE %
- 14.34%
- 8.95%
- Debtor Days
- 76
- Inventory Days
- 42
- Payable Days
- 53
- 65
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 2.91x
- 1.33x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 5.94
- Book Value (₹)
- 32.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.11
- Operating Margin %
- 12.96%
- Net Margin %
- 6.56%
- ROE %
- 19.86%
- ROCE %
- 23.31%
- 10.11%
- Debtor Days
- 63
- Inventory Days
- 40
- Payable Days
- 74
- 28
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 4.51x
- 1.15x
- Revenue Growth %
- 47.86%
- Operating Profit Growth %
- 68.75%
- Net Profit Growth %
- 32.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 2.85
- Book Value (₹)
- 35.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.18
- Operating Margin %
- 9.23%
- Net Margin %
- 3.29%
- ROE %
- 8.34%
- ROCE %
- 13.50%
- 4.12%
- Debtor Days
- 82
- Inventory Days
- 49
- Payable Days
- 124
- 7
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 2.73x
- 1.19x
- Revenue Growth %
- -4.03%
- Operating Profit Growth %
- -31.80%
- Net Profit Growth %
- -52.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 2.20
- Book Value (₹)
- 37.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.69
- Operating Margin %
- 6.95%
- Net Margin %
- 2.11%
- ROE %
- 5.99%
- ROCE %
- 11.35%
- 3.13%
- Debtor Days
- 66
- Inventory Days
- 36
- Payable Days
- 93
- 9
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 2.38x
- 1.32x
- Revenue Growth %
- 21.24%
- Operating Profit Growth %
- -9.39%
- Net Profit Growth %
- -22.82%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.74
- Book Value (₹)
- 39.51
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.25
- Operating Margin %
- 5.03%
- Net Margin %
- 1.41%
- ROE %
- 4.51%
- ROCE %
- 8.89%
- 2.40%
- Debtor Days
- 57
- Inventory Days
- 31
- Payable Days
- 73
- 14
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 2.27x
- 1.33x
- Revenue Growth %
- 17.85%
- Operating Profit Growth %
- -14.10%
- Net Profit Growth %
- -20.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -5.15
- Book Value (₹)
- 34.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.68
- Operating Margin %
- -3.74%
- Net Margin %
- -5.34%
- ROE %
- -13.97%
- ROCE %
- -9.37%
- -7.21%
- Debtor Days
- 66
- Inventory Days
- 39
- Payable Days
- 84
- 22
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- -2.15x
- 1.03x
- Revenue Growth %
- -23.03%
- Operating Profit Growth %
- -157.91%
- Net Profit Growth %
- -395.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -2.41
- Book Value (₹)
- 31.84
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.85
- Operating Margin %
- 0.66%
- Net Margin %
- -3.54%
- ROE %
- -7.30%
- ROCE %
- -1.85%
- -3.72%
- Debtor Days
- 69
- Inventory Days
- 52
- Payable Days
- 101
- 20
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- -0.39x
- 0.96x
- Revenue Growth %
- -21.27%
- Operating Profit Growth %
- 117.23%
- Net Profit Growth %
- 53.20%
- 53.20%
- P/E (x)
- 0.00x
- P/B (x)
- 0.60x
- Dividend Yield %
- 0.00%
- 56.02x
Mar 2025
- EPS (₹)
- -12.20
- Book Value (₹)
- 19.64
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -10.64
- Operating Margin %
- -34.43%
- Net Margin %
- -57.88%
- ROE %
- -47.38%
- ROCE %
- -20.23%
- -22.36%
- Debtor Days
- 143
- Inventory Days
- 115
- Payable Days
- 195
- 63
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- -3.32x
- 0.68x
- Revenue Growth %
- -69.04%
- Operating Profit Growth %
- -1251.88%
- Net Profit Growth %
- -406.01%
- -406.01%
- P/E (x)
- 0.00x
- P/B (x)
- 0.53x
- Dividend Yield %
- 0.00%
- -3.80x
Documents
Announcements
- Corporate Insolvency Resolution Process
2026-08-20 - Astron Paper & Board Mill Limited has informed the Exchange about Corporate Insolvency Resolution Process
- Corporate Insolvency Resolution Process
2026-07-28 - Astron Paper & Board Mill Limited has informed the Exchange about Corporate Insolvency Resolution Process
Annual Reports
Credit Ratings
Nothing filed yet.