Astron Paper Bord MIL Ltd
NSE: ASTRON · Paper & Paper Products · sector
₹2.64NSE close 2026-10-26
Key numbers
Market cap₹9 cr
Price₹2.64
52w high / low₹11 / ₹3
P/E–Sector median 13.8x
P/B0.1xSector median 0.6x
Book value₹19.5
Dividend yield–Sector median 1.38%
ROE-31.5%Sector median 5.8%
ROCE-8.1%Sector median 5.9%
OPM-65.7%Sector median 8.2%
Debt / equity1.13xSector median 0.42x
EV/EBITDA–Sector median 8.0x
Interest cover-0.8x
Current ratio0.58x
Sales growth 3y-80.8%Sector median -4.5%
Profit growth 3y–Sector median -13.6%
PEG–
Last 12 months to Mar 2026, Consolidated. "Sector median" = middle value of 40 companies in Paper & Paper Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹0 cr vs borrowings ₹77 cr (FY26): borrowings are higher by ₹77 cr.
- Operating profit covered interest -0.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 8 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Debtor days went from 64 (FY24) to 2,798 (FY26).
- No dividend in the last 5 financial years.
- Price ₹2.64 on 2026-10-26: -76.8% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹23.19 · low ₹2.64
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 36 | 1 | 1 | 1 | 1 | 1 | 0 |
| EBITDA | -9 | -7 | -15 | -2 | -0 | -1 | 1 | -2 |
| OPM % | -15.5% | -20.7% | -1,107.3% | -234.1% | -15.6% | -82.0% | 55.9% | -3,200.0% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -10 | -8 | -28 | -8 | -5 | -10 | -5 | -6 |
| EPS (₹) | -2.05 | -1.70 | -6.01 | -3.46 | -2.26 | -2.15 | -2.18 | -1.31 |
| Revenue YoY | -97.8% | -96.4% | +5.8% | -92.0% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Mar 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 513 | 395 | 311 | 96 | 3 | 4 |
| EBITDA | 28 | -18 | 2 | -33 | -2 | -3 |
| Net profit | 8 | -24 | -11 | -52 | -21 | -26 |
| EPS (₹) | 1.77 | -5.14 | -2.41 | -22.50 | -4.56 | -7.90 |
| Revenue growth | -23.0% | -21.3% | -69.1% | -97.1% | -95.8% | |
| Profit growth | -390.3% | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -80.8% | -63.6% | -95.8% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -63.9% (2y) | -73.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 159 | 148 | 100 | 68 |
| Borrowings | – | 84 | 83 | 76 | 77 |
| Cash & equivalents | – | 10 | 10 | 0 | 0 |
| Total assets | – | 312 | 294 | 220 | 203 |
| Fixed assets | – | 155 | 150 | 122 | 135 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 1 | 1 | 5 | 1 |
| Receivables | – | 65 | 55 | 20 | 21 |
| Inventory | – | 47 | 43 | 15 | 16 |
| Payables | – | 62 | 61 | 38 | 35 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -10 | 11 | 12 | 3 | 14 |
| Cash from investing | -3 | -10 | -1 | 2 | 0 |
| Cash from financing | 11 | -0 | -11 | -14 | -14 |
| Capex | 4 | 11 | 2 | 0 | 0 |
| Free cash flow | -14 | 1 | 10 | 3 | 14 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -15.0% | -7.6% | -52.4% | -31.1% |
| ROCE % | – | -9.7% | -1.9% | -22.4% | -6.6% |
| Debtor days | – | 60 | 64 | 78 | 2,798 |
| Inventory days | – | 58 | 72 | 56 | 2,458 |
| Payable days | – | 76 | 100 | 145 | 5,401 |
| Cash conversion cycle (days) | – | 42 | 36 | -11 | -145 |
| Working capital days | – | 5 | -6 | -149 | -6,252 |
Shareholding
| Holder | % (2026-03-31) |
|---|---|
| Promoters | 25.37% |
| Public (non-institutions) | 74.63% |
| Quarter | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 27.06% | 27.06% | 25.37% | 25.37% | 25.37% | 25.37% | 25.37% | 25.37% |
| Promoter group | % |
|---|---|
| Kiritbhai Ghanshyambhai Patel | 15.21% |
| Karshanbhai Hirabhai Patel | 7.67% |
| Ramakant Kantibhai Patel | 2.22% |
| Shreerangam Packaging Private Limited | 0.27% |
| Haresh Ambalal Patel | 0.00% |
| Public holders above 1% | % |
|---|---|
| Dwarkesh Finance Limited | 11.29% |
| Betarstep Trading Pvt Ltd | 5.94% |
| Govind Maheshwari | 5.11% |
| Sanket D Shah | 1.40% |
| Prakashkumar Chaturbhai Patel | 1.32% |
| Manojkumar Ravjibhai Patel | 1.01% |
| Miteshkumar Rameshchandra Shah | 1.01% |
21,441 shareholders. Pledged: 0.00% of promoter shares.
Peers in Paper & Paper Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JKPAPER | ₹6,689 cr | 20.2x | 1.2x | 5.9% | 8.0% | 12.9% | +3.2% | 1.27% |
| WSTCSTPAPR | ₹5,203 cr | 22.6x | 1.4x | 6.5% | 9.4% | 11.5% | -4.5% | 0.74% |
| SESHAPAPER | ₹1,290 cr | 13.0x | 0.6x | 4.9% | 5.9% | 6.5% | -6.3% | 1.22% |
| ANDHRAPAP | ₹1,279 cr | 46.3x | 0.7x | 1.4% | 2.4% | 4.8% | -6.7% | 1.56% |
| NRAIL | ₹1,122 cr | 18.1x | 1.4x | 7.8% | 10.0% | 9.7% | +6.7% | 0.31% |
| TNPL | ₹899 cr | 3.4x | 0.4x | 11.8% | 6.6% | 10.6% | -3.6% | 2.31% |
| PDMJEPAPER | ₹807 cr | 8.8x | 1.2x | 14.5% | 18.3% | 15.4% | +2.1% | 0.71% |
| EMAMIPAP | ₹685 cr | 7.7x | 1.2x | 14.9% | 14.7% | 12.0% | -6.2% | 2.12% |
| SATIA | ₹625 cr | – | 0.6x | -0.7% | 3.6% | 7.8% | -8.3% | 0.32% |
| ASTRON | ₹9 cr | – | 0.1x | -31.5% | -8.1% | -65.7% | -80.8% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-09-18 | Other | Annual General Meeting |
| 2019-09-17 | Other | Annual General Meeting |
| 2018-09-12 | Other | Annual General Meeting |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Paper & Paper Products |
| Sub-industry | Paper & Paper Products |
| Symbol | ASTRON |
| BSE code | 540824 |
| ISIN | INE646X01014 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.