Astron Paper & Board Mill Ltd. (IN:ASTRON)
:ASTRON
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Astron Paper & Board Mill Ltd.
(ASTRON)
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Rating:47Neutral
Price Target:
₹3.50
▼(-42.62% Downside)
Action:ReiteratedDate:02/04/26
The score is primarily held back by weak financial performance (revenue declines, ongoing losses, and higher leverage) and strong negative technical trend signals (below major moving averages with negative MACD). Cash flow improvement provides partial support, but valuation remains challenged due to losses and no dividend yield data.
Positive Factors
Improving free cash flow
Reported improvement in free cash flow from 2024 to 2025 suggests better cash management and operating conversion. Durable cash-generation improvement can support working capital, targeted capex or restructuring, and provides a buffer while profitability is restored over the next 2–6 months.
Negative Factors
Severe revenue decline
Nearly 98% reported revenue decline is a fundamental red flag for scale and market demand. Such a collapse impairs fixed-cost absorption, pricing power, and long-term customer relationships; restoring sustainable top-line growth is essential for margin recovery and durable viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving free cash flow
Reported improvement in free cash flow from 2024 to 2025 suggests better cash management and operating conversion. Durable cash-generation improvement can support working capital, targeted capex or restructuring, and provides a buffer while profitability is restored over the next 2–6 months.
Read all positive factors
Astron Paper & Board Mill Ltd. (ASTRON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹157.17M
Dividend YieldN/A
Average Volume (3M)15.72K
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-98.56%
EPS Growth-96.41%
CountryIN
Employees411
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-1.09
Shares Outstanding46,500,000
10 Day Avg. Volume20,046
30 Day Avg. Volume15,720
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.56
Price to Sales (P/S)0.53
P/FCF Ratio12.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Astron Paper & Board Mill Ltd. Business Overview & Revenue Model
Company Description
Astron Paper & Board Mill Limited manufactures and sells a range of kraft papers from waste paper for packaging industry in India. The company offers high ring crust test papers, kraft liners, liners, and corrugated medium papers for use in the ma...
How the Company Makes Money
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Astron Paper & Board Mill Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.32M | 962.28M | 3.11B | 3.95B | 5.02B | 4.34B |
| Gross Profit | -121.94M | 7.46M | 891.35M | 81.47M | 463.00M | 662.00M |
| EBITDA | -182.27M | -332.60M | 28.87M | -167.66M | 267.86M | 318.97M |
| Net Income | -492.93M | -567.10M | -112.07M | -239.47M | 81.11M | 102.14M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.17B | 2.94B | 3.12B | 3.50B | 3.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60M | 2.79M | 103.39M | 102.30M | 89.31M | 4.91M |
| Total Debt | 766.52M | 779.87M | 828.53M | 844.37M | 764.63M | 577.17M |
| Total Liabilities | 1.26B | 1.26B | 1.46B | 1.53B | 1.67B | 1.47B |
| Stockholders Equity | 813.05M | 913.20M | 1.48B | 1.59B | 1.84B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | 64.46M | 39.63M | 99.46M | 5.42M | -136.01M | 235.31M |
| Operating Cash Flow | 64.46M | 39.71M | 118.97M | 111.49M | -99.07M | 348.52M |
| Investing Cash Flow | 13.00K | 15.99M | -10.71M | -96.35M | -30.77M | -50.04M |
| Financing Cash Flow | -65.67M | -156.29M | -107.17M | -2.16M | 112.59M | -242.70M |
Astron Paper & Board Mill Ltd. Technical Analysis
Negative
6.10
Price Trends
4.23
Negative
5.57
Negative
10.15
Negative
Market Momentum
-0.20
Positive
29.52
Positive
8.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASTRON, the sentiment is Negative. The current price of 6.1 is above the 20-day moving average (MA) of 3.91, above the 50-day MA of 4.23, and below the 200-day MA of 10.15, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 29.52 is Positive, neither overbought nor oversold. The STOCH value of 8.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASTRON.
Astron Paper & Board Mill Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹2.87B | 44.75 | ― | 4.14% | 2.56% | 36.81% | |
74 Outperform | ₹1.88B | 7.89 | ― | 2.15% | -5.21% | -32.96% | |
67 Neutral | ₹6.94B | 14.28 | ― | 0.41% | 36.98% | -64.34% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹3.43B | 7.78 | ― | 1.84% | -6.94% | -78.40% | |
49 Neutral | ₹4.30B | -11.89 | ― | ― | ― | ― | |
47 Neutral | ₹157.17M | -1.40 | ― | ― | -98.56% | -96.41% |
* Basic Materials Sector Average
IN:ASTRON
Astron Paper & Board Mill Ltd.
3.38
-7.64
-69.33%
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IN:RUCHIRA
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IN:STARPAPER
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-22.89%
Astron Paper & Board Mill Ltd. Corporate Events
Astron Paper & Board Mill to Close Trading Window Ahead of FY 2025-26 Results
Mar 25, 2026
Astron Paper Board Mill Ltd. has announced that its trading window for dealing in company securities will be closed for directors, promoter and promoter group, designated persons and their immediate relatives from April 1, 2026, until 48 hours af...
Astron Paper & Board Mill Fills Auditor Vacancy, Confirms New Independent Director at EGM
Mar 19, 2026
Astron Paper Board Mill Ltd. held its first Extraordinary General Meeting for FY 2025-26 on March 19, 2026, via video conferencing in compliance with MCA and SEBI regulations. The meeting was convened with the requisite quorum, following an e-vot...
Exchange Seeks Clarification From Astron Paper on Missing Review Reports
Mar 13, 2026
Astron Paper Board Mill Ltd. has been asked by the stock exchange to provide clarifications for the quarter ended 31 December 2025 regarding its compliance with financial reporting norms. The exchange noted that the company has not submitted its ...
Astron Paper & Board Mill Cleared of Fraud Classification by ICICI Bank
Jan 22, 2026
Astron Paper Board Mill Ltd. has announced that ICICI Bank, after reviewing the company’s submissions, has confirmed the company’s account will not be classified as fraud. The clarification removes a significant overhang of potential ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.