ASTRONCommodities

Astron Paper & Board Mill Limited

Paper & Paper Products · ISIN INE646X01014 · BSE 540824 · NSE BZ · FV ₹10
Last price
₹3
+1.02%today
What this company does

Astron Paper & Board Mill Limited operates in Paper & Paper Products, part of the Commodities sector. It booked ₹6.7 L of revenue in its latest quarter (Q4 FY26).

In the report:
33out of 100
Equitytale Health Score
Strained

Healthier than 33% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 121–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns1

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet6

How much it owes, and whether earnings cover the interest

Cash quality38

Whether reported profit actually arrives as cash

Growth & consistency17

Whether sales and profit have grown, and how steadily

Valuation99

What today's price implies, against our models or its peers · highest in its sector on what we could measure

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
No promoter shares pledged
Watch-outs
! Currently loss-making
! Sales down 100% vs last year
! Low -35.9% return on equity
! Carries high debt (D/E 1.1)
! Operating cash flow is negative

What if I invest in ASTRON?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3 +1.02%
latest close · 2026-09-17
1-year return
-95.0%
52-wk low ₹352-wk high ₹63
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.20Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-35.9%Loss
WeakFairStrong ▸15%
Return on capital-18.0%Loss
WeakFairStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.13High
LowModerateHigh ▸1
Interest cover-1.8×Risky
RiskyOkayStrong ▸5×
Current ratio0.58Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹14 cr
Book value
₹15
EPS
₹-1.31
latest quarter
Net debt
₹77 cr
owes more than its cash
Enterprise value
₹91 cr
EBITDA
₹-9 cr
annualised
EBIT
₹-16 cr
annualised
Operating margin
Return on assets
-12.0%
Earnings yield
P/S
51.61
Sales / share
₹0.1
Tax rate
Face value
₹10
Shares
4.7 cr
Working capital
₹-48 cr
Current assets
₹67 cr
Current liabilities
₹115 cr
Delivery %
51.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹25₹25, midpoint ₹25

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY26 (consolidated)
Revenue from Operations₹6.7 L
Other Income₹0.25 L
Total Income₹6.9 L
Cost of Materials₹2 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-8.1 L
Employee Benefit Expense₹23.2 L
Finance Costs₹2 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹61.8 L
Total Expenses₹6 cr
Profit before Tax₹-6 cr
Tax Expense₹0 cr
Net Profit₹-6 cr
Where the money goes · Q4 FY26
% of total spend
Materials + stock-in-trade₹1 cr23.6%
Employee benefit expense₹23.2 L3.8%
Finance costs₹2 cr34.7%
Depreciation & amortisation₹2 cr27.9%
Other expenses₹61.8 L10.0%
Total income ₹6.9 L

The company made a net loss of ₹6 cr this quarter — income covered only 1 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ1 FY26Q3 FY26Q4 FY26
Revenue1 cr1 cr6.7 L
Total income1 cr1 cr6.9 L
Expenses7 cr7 cr6 cr
Profit before tax-5 cr-5 cr-6 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-5 cr-5 cr-6 cr
Net margin (owners' share, on revenue)-411.4%-349.3%
EPS (₹)-1.13-1.09-1.31
YoY (latest quarter): total income -99.8% · net profit
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹203 cr
Shareholder equity
₹68 cr
parent shareholders
Total debt
₹77 cr
Cash
₹11 L
Cash flow · H1 FY25
Operating
₹-76.1 L
Investing
₹1 cr
Financing
₹-3 cr
Peer comparison
Paper & Paper Products · by market value
CompanyPriceMarket capP/E
JK Paper Limited₹418₹7,580 cr14.6
West Coast Paper Mills Limited₹716₹4,732 cr8.9
Seshasayee Paper and Boards Limited₹248₹1,492 cr11.7
ANDHRA PAPER LIMITED₹72₹1,429 cr11.8
N R Agarwal Industries Limited₹629₹1,070 cr7.6
Tamil Nadu Newsprint & Papers Limited₹145₹1,001 cr43.6
Pudumjee Paper Products Limited₹102₹973 cr7.2
Emami Paper Mills Limited₹112₹677 cr4.5
Satia Industries Limited₹68₹676 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-03-31
No pledge
Promoter
25.4%
Public
74.6%
Promoter stake down 1.7% over the last 12 quarters.
Smart-money activity
Insider trades
SoldMr. Haresh Ambalal Patel · Promoter Group1,00018 Nov 24
SoldKIRITBHAI GHANSHYAMBHAI PATEL · Promoters3.00 L · ₹70.5 L13 Nov 24
SoldKarshanbhai Hirabhai Patel · Promoter Group10,000 · ₹2.3 L13 Nov 24
Bulk / block deals
SoldVISHNU JAJOO HUF · NSE2.50 L @ ₹11.628 Aug 25
SoldRENUKADAS MUKUND DHOND · NSE4.82 L @ ₹19.7819 Nov 24
BoughtRENUKADAS MUKUND DHOND · NSE19,325 @ ₹20.7119 Nov 24
Stake changes
BoughtDwarkesh Finance Limited→ 16.10% · 20.87 L9 Nov 23
SoldSamiksha Bangur alongwith PAC→ 5.16% · 21.40 L9 Nov 23
SoldVyanktesh Corrugators Pvt Limited→ 0.00% · 27.60 L17 Mar 23
Promoter pledges
ReleasedMonarch Networth Finserve Pvt Ltd21.00 L · 4.52% held15 Feb 21
ReleasedAditya Birla Finane Ltd10.00 L · 2.15% held19 Nov 20
PledgedMonarch Networth Finserve Pvt Ltd21.00 L · 0.00% held21 Aug 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 19 Mar 2026
See the official result
1
Appointment of Statutory Auditors to fill casual vacancy
This filing does not break the votes down by shareholder group.
2
Regularization of Ms. Jankiben Patel as an Independent Director
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 25.4% between them · as of 2026-03-31
Kiritbhai Ghanshyambhai Patel15.21%
Karshanbhai Hirabhai Patel7.67%
Ramakant Kantibhai Patel2.22%
Shreerangam Packaging Private Limited0.27%
Haresh Ambalal Patelno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.