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Astron Paper & Board Mill Ltd.
(ASTRON)
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Rating:41Neutral
Price Target:
₹3.00
▼(-50.82% 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
Positive Recent Cash Generation
Positive operating and free cash flow provides some internal funding and shows the business still converts activity into cash. However, the sharp decline since 2024 means this support is meaningful but not yet clearly sustainable.
Negative Factors
Severe Revenue Contraction
The scale and persistence of the revenue decline indicate substantial loss of business volume or market competitiveness. Lower throughput can also reduce fixed-cost absorption, making recovery harder unless demand, customers, or product economics improve materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Recent Cash Generation
Positive operating and free cash flow provides some internal funding and shows the business still converts activity into cash. However, the sharp decline since 2024 means this support is meaningful but not yet clearly sustainable.
Read all positive factors
Astron Paper & Board Mill Ltd. (ASTRON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹143.68M
Dividend YieldN/A
Average Volume (3M)6.73K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth-97.10%
EPS Growth62.68%
CountryIN
Employees32
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)-4.55
Shares Outstanding46,500,000
10 Day Avg. Volume7,091
30 Day Avg. Volume6,731
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
Astron Paper & Board Mill Limited manufactures and sells a range of kraft papers from wastepaper for the packaging industry in India. The company offers fluting medium, test liner, kraft liner, virgin top liner, H-RCT kraft liner, and liner produc...
How the Company Makes Money
ASTRON makes money primarily by manufacturing and selling paper-based packaging materials—most notably kraft paper—and related paper/paperboard products. Revenue is generated through (1) sales of finished paper rolls/sheets to business customers s...
Astron Paper & Board Mill Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
43
Neutral
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.93M | 962.28M | 3.11B | 3.95B | 5.02B |
| Gross Profit | -77.97M | 7.46M | 891.35M | 81.47M | 463.00M |
| EBITDA | -24.73M | -332.60M | 28.87M | -167.66M | 267.86M |
| Net Income | -211.81M | -567.10M | -112.07M | -239.47M | 81.11M |
Balance Sheet | |||||
| Total Assets | 2.03B | 2.17B | 2.94B | 3.12B | 3.50B |
| Cash, Cash Equivalents and Short-Term Investments | 1.10M | 2.79M | 103.39M | 102.30M | 89.31M |
| Total Debt | 769.91M | 779.87M | 828.53M | 844.37M | 764.63M |
| Total Liabilities | 1.35B | 1.26B | 1.46B | 1.53B | 1.67B |
| Stockholders Equity | 680.98M | 913.20M | 1.48B | 1.59B | 1.84B |
Cash Flow | |||||
| Free Cash Flow | 26.92M | 39.63M | 99.46M | 5.42M | -136.01M |
| Operating Cash Flow | 27.16M | 39.71M | 118.97M | 111.49M | -99.07M |
| Investing Cash Flow | 0.00 | 15.99M | -10.71M | -96.35M | -30.77M |
| Financing Cash Flow | -28.85M | -156.29M | -107.17M | -2.16M | 112.59M |
Astron Paper & Board Mill Ltd. Technical Analysis
Negative
6.10
Price Trends
3.61
Negative
3.90
Negative
4.54
Negative
Market Momentum
-0.20
Negative
37.61
Neutral
42.42
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 3.23, above the 50-day MA of 3.61, and above the 200-day MA of 4.54, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 42.42 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹48.23B | 13.14 | ― | 0.95% | 4.26% | 4.06% | |
72 Outperform | ₹35.94B | 32.24 | ― | 1.00% | 4.98% | -13.56% | |
67 Neutral | ₹19.51B | 14.11 | ― | 0.64% | -1.92% | 33.51% | |
66 Neutral | ₹23.26B | 30.87 | ― | 0.61% | 14.71% | 14.50% | |
56 Neutral | ₹4.66B | 7.80 | ― | 0.53% | 19.86% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₹143.68M | -0.66 | ― | ― | -97.10% | 62.68% |
* General Sector Average
IN:ASTRON
Astron Paper & Board Mill Ltd.
2.98
-15.15
-83.56%
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IN:BBTCL
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IN:HUHTAMAKI
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IN:MOLDTKPAC
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IN:TCPLPACK
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4,088.60
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21.70%
Astron Paper & Board Mill Ltd. Corporate Events
Astron Paper & Board Mill Delays Q1 FY27 Results Amid Insolvency Process and Audit Issues
Aug 20, 2026
Astron Paper Board Mill Ltd., currently undergoing corporate insolvency resolution, has announced that it was unable to finalize its financial results for the quarter ended June 30, 2026 within the prescribed regulatory timeline. The delay stems ...
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 ...
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.