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Astron Paper & Board Mill

ASTRON NSE
₹2.71 up 0.04 (1.50%)
Market Cap
₹12.60 Cr

Astron Paper & Board Mill (ASTRON) share price was ₹2.67 at the 28 Oct 2026 close; market capitalisation ₹12.42 Cr; sector Forest Materials. The share price fell 74.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue fell 92.1% year on year to ₹0.07 Cr and net profit was −₹5.55 Cr, against −₹7.96 Cr a year earlier (compared with Mar 2025). Promoters held 25.37% of Astron Paper & Board Mill in Mar 2026, unchanged from Dec 2025. Its Tapetide Score is 40/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹2.67 −8.15 −75.32% 1Y

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials
Market Cap
₹12.60 Cr
EBITDA
−₹2.48 Cr
Return on Equity
-62.1%
Debt to Equity
0.94
Book Value
₹14.65
EPS (TTM)
−₹4.19
52W High
₹11.36
52W Low
₹2.52

Price-based figures as of 29 Oct 2026, 10:43 IST · EPS basis: Standalone · TTM

Peer Comparison

Commodities › Forest Materials › Paper & Paper Products

JK Paper
₹381.3521.306,915 Cr1.251.04%4.70%7.05%7,389 Cr328 Cr
West Coast Paper Mills
₹862.1024.795,694 Cr1.580.37%3.72%5.93%4,490 Cr238 Cr
Andhra Paper
₹67.8348.801,349 Cr0.700.76%0.96%1.99%1,780 Cr28 Cr
Seshasayee Paper & Boards
₹201.5012.831,271 Cr0.601.04%4.04%5.22%2,039 Cr99 Cr
N R Agarwal Industries
₹669.1018.331,139 Cr1.400.30%5.36%8.04%2,344 Cr62 Cr
Tamil Nadu Newsprint & Papers
₹129.703.44898 Cr0.393.10%10.70%6.76%4,727 Cr261 Cr
Pudumjee Paper Products
₹89.629.35851 Cr1.270.70%13.98%16.59%833 Cr92 Cr
Astron Paper & Board Mill (this company)
₹2.71—13 Cr0.180.00%-62.10%-36.91%3 Cr-19 Cr
Median 8 companies₹165.6018.331,205 Cr0.980.73%4.37%6.35%2,191 Cr96 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live 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 →

40 Weak
Overall score

Data confidence 91/100

Category scores

Quality Poor 34
Returns, margins, earnings quality 22% weight
Valuation Strong 77
Cheap vs sector & own history 24% weight
Growth Poor 1
Sales & profit trajectory 9% weight
Financial Health Poor 12
Solvency, leverage, coverage 9% weight
Momentum Poor 11
Trend strength, vol-adjusted 12% weight
Ownership Average 50
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

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-97.11% lower than 3Y

change over 1 year

Net Income Growth
-62.65% lower than 3Y

change over 1 year

Cash Flow Change
-66.64%

change over 1 year

EBITDA Margin Change
158%

change over 1 year Operating margin -2,714% · Mar 2026

Quarterly Results

Particulars Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
-1113.24%
-234.09%
-13.28%
—
71.03%
-2714.29%
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
-2.03
-1.53
-1.41
-1.37
-7.93
-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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Astron Paper & Board Mill insights

60 extracted metrics + investor summaries across FY14–FY26.

Shareholding Pattern

Public49.85%Others24.78%Promot.25.37%As ofMar 2026

Documents

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[1]
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 market capitalisation of Astron Paper & Board Mill Ltd?
Astron Paper & Board Mill Ltd has a market capitalisation of ₹12.6 Cr as of 29 Oct 2026, which places it in the Small Cap band.
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 ₹2.52 and ₹11.36 as of 29 Oct 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 -62.10%. Its debt-to-equity ratio is 0.94.

Company Information

Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper[1]

Website astronpaper.com
CEO Mr. Kiritbhai Ghanshyambhai Patel
Employees 32
Listed 2017-12-29
Face Value ₹ 10
Shares Outstanding 4,65,00,000

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