Astron Paper & Board Mill Ltd
NSE: ASTRON BSE: 540824
Astron Paper & Board Mill Ltd (ASTRON) is a Diversified company listed on NSE: ASTRON | BSE: 540824. With a market cap of ₹19.5 Cr and ROCE of 19.4%, ROE of 41.7%, it operates in the Indian Diversified sector.
₹4.19
52W: ₹3.26 — ₹21
PE 0 · Book ₹19.4 · -78% vs bookMarket Cap₹19.5 Cr
Stock P/E—Price to Earnings
ROCE19.4%Return on Capital
ROE41.7%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Stock is trading at 0.22 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -23.2% over past five years.
- −Promoter holding is low: 25.4%
- −Company has a low return on equity of -18.1% over last 3 years.
- −Contingent liabilities of Rs.143 Cr.
Shareholding Pattern
Promoters25.37%
FIIs0%
DIIs0%
Public74.64%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 27.06% | 27.06% | 25.37%▼1.7 | 25.37% | 25.37% | 25.37% | 25.37% | 25.37% |
| FIIs | 0.06% | 0%▼0.1 | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 72.89% | 72.94%▲0.0 | 74.63%▲1.7 | 74.63% | 74.62%▼0.0 | 74.63%▲0.0 | 74.63% | 74.64%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80.67 | 73.33 | 78.4 | 58.15 | 35.56 | 1.36 | 0.88 | 1.28 | 0 | 1.45 |
| Expenses | 78.35 | 70.72 | 82.55 | 67.12 | 42.85 | 16.5 | 2.94 | 1.45 | 0.84 | 0.42 |
| Operating Profit | 2.32 | 2.61 | -4.15 | -8.97 | -7.29 | -15.14 | -2.06 | -0.17 | -0.84 | 1.03 |
| OPM % | 2.88% | 3.56% | -5.29% | -15.43% | -20.5% | -1113.24% | -234.09% | -13.28% | 0% | 71.03% |
| Net Profit | -0.96 | -0.98 | -4.98 | -8.9 | -9.26 | -26.19 | -7.96 | -4.96 | -4.49 | -4.46 |
| EPS ₹ | -0.21 | -0.21 | -1.07 | -1.91 | -1.99 | -5.63 | -1.71 | -1.07 | -0.97 | -0.96 |
AI Insights
Revenue Trend
TTM revenue at ₹4Cr, down 95.8% YoY. OPM at -57%.
Debt Position
Borrowings at ₹75Cr. Debt-to-equity ratio: 1.70x. High leverage — monitor closely.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 25.37%.
Margin & Efficiency
ROCE declining from 0% (Mar 2014) to -19% (Mar 2025). Working capital days: -150.
Recent Announcements
- Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal 2d - NCLT admitted CIRP against Astron Paper on 11 May 2026; IRP appointed and board suspended.
- Intimation Of Admission Of Corporate Insolvency Resolution Process (CIRP) 2d - NCLT admitted CIRP against Astron Paper on 11 May 2026; IRP appointed and board suspended.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Apr - Certificate u/r 74(5) of SEBI DP Regulations, 2018 for 31st March, 2026
- Announcement under Regulation 30 (LODR)-Resignation of Director 31 Mar - Independent Director Sudhir Maheshwari resigned effective close of business 25-Mar-2026; Audit Committee chair role vacated.
- Closure of Trading Window 25 Mar
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse