Astron Paper & Board Mill Ltd. (IN:ASTRON)
:ASTRON
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Astron Paper & Board Mill Ltd.
(ASTRON)
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Rating:41Neutral
Price Target:
₹4.00
▼(-34.43% Downside)
Action:Reiterated
Date:06/02/26
The score is held down primarily by deteriorating financial performance (sharp revenue decline, persistent losses, and shrinking equity) and a bearish technical setup with price below key moving averages. Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Core packaging product mix
Astron's portfolio of kraft paper and paperboard supplies essential inputs for packaging uses. Structural demand for packaging materials (industrial, e‑commerce, and goods transport) supports a baseline revenue stream and keeps production assets relevant across business cycles.
Negative Factors
Sharp revenue decline
Sales have collapsed over the past two years, undermining scale economics and driving margin compression. Lower volumes and revenue reduce fixed‑cost absorption, making recovery harder and leaving the company exposed to prolonged weak demand or price pressure over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Core packaging product mix
Astron's portfolio of kraft paper and paperboard supplies essential inputs for packaging uses. Structural demand for packaging materials (industrial, e‑commerce, and goods transport) supports a baseline revenue stream and keeps production assets relevant across business cycles.
Read all positive factors
Astron Paper & Board Mill Ltd. (ASTRON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹186.00M
Dividend YieldN/A
Average Volume (3M)15.72K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth-97.10%
EPS Growth62.68%
CountryIN
Employees411
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-10.60
Shares Outstanding46,500,000
10 Day Avg. Volume20,046
30 Day Avg. Volume15,720
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.23
Price to Sales (P/S)5.62
P/FCF Ratio5.83
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
Established in 2010 and headquartered in Ahmedabad, India, Astron Paper & Board Mill Limited specializes in the production and sale of various kraft papers. The company utilizes waste paper as its raw material to create products for India's packag...
How the Company Makes Money
ASTRON makes money by manufacturing and selling paper and paperboard products, with revenue primarily recognized from the sale of finished goods to customers (typically packaging converters, distributors, and industrial end users). Key revenue str...
Astron Paper & Board Mill Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
43
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.32M | 27.93M | 962.28M | 3.11B | 3.95B | 5.02B |
| Gross Profit | -121.94M | -77.97M | 7.46M | 891.35M | 81.47M | 463.00M |
| EBITDA | -182.27M | -24.77M | -332.60M | 28.87M | -167.66M | 267.86M |
| Net Income | -492.93M | -211.81M | -567.10M | -112.07M | -239.47M | 81.11M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.03B | 2.17B | 2.94B | 3.12B | 3.50B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60M | 1.10M | 2.79M | 103.39M | 102.30M | 89.31M |
| Total Debt | 766.52M | 769.91M | 779.87M | 828.53M | 844.37M | 764.63M |
| Total Liabilities | 1.26B | 1.35B | 1.26B | 1.46B | 1.53B | 1.67B |
| Stockholders Equity | 813.05M | 680.98M | 913.20M | 1.48B | 1.59B | 1.84B |
Cash Flow | ||||||
| Free Cash Flow | 64.46M | 26.92M | 39.63M | 99.46M | 5.42M | -136.01M |
| Operating Cash Flow | 64.46M | 27.16M | 39.71M | 118.97M | 111.49M | -99.07M |
| Investing Cash Flow | 13.00K | 0.00 | 15.99M | -10.71M | -96.35M | -30.77M |
| Financing Cash Flow | -65.67M | -28.85M | -156.29M | -107.17M | -2.16M | 112.59M |
Astron Paper & Board Mill Ltd. Technical Analysis
Negative
6.10
Price Trends
4.21
Negative
4.18
Negative
7.10
Negative
Market Momentum
-0.07
Negative
45.17
Neutral
58.76
Neutral
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 3.98, above the 50-day MA of 4.21, and below the 200-day MA of 7.10, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 45.17 is Neutral, neither overbought nor oversold. The STOCH value of 58.76 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹2.15B | 6.55 | ― | 2.15% | -6.05% | -20.40% | |
62 Neutral | ₹5.23B | 8.85 | ― | 1.84% | -1.08% | 131.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹3.31B | 7.50 | ― | 4.14% | -1.58% | -34.45% | |
52 Neutral | ₹7.64B | 17.25 | ― | 0.41% | 29.32% | 147.55% | |
41 Neutral | ₹186.00M | -0.87 | ― | ― | -97.10% | 62.68% | |
41 Neutral | ₹4.35B | -6.43 | ― | ― | -25.86% | 35.52% |
* Basic Materials Sector Average
IN:ASTRON
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Astron Paper & Board Mill Ltd. Corporate Events
Astron Paper & Board Mill Files FY26 Results Under Insolvency as Auditor Issues Disclaimer
Jun 1, 2026
Astron Paper Board Mill Ltd., currently under Corporate Insolvency Resolution Process with its board powers suspended and managed by an Insolvency Resolution Professional, has approved its audited financial results for the quarter and year ended ...
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 ...
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.