Astron Paper & Board Mill Ltd

Astron Paper & Board Mill Ltd

₹ 13.6 -2.17%
24 Apr 1:12 p.m.
About

Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper[1]

Key Points

Business Overview:[1][2]
APBL is an ISO 9001:2015 and ISO 14001:2015 certified, and one of the largest manufacturers of recycled corrugated paper. It manufactures different varieties of kraft paper ranging from 80 to 350 Grams Per Square Meter (GSM) and Bursting Factor (BF) from 16 to 40

  • Market Cap 63.0 Cr.
  • Current Price 13.6
  • High / Low 29.9 / 10.1
  • Stock P/E
  • Book Value 28.1
  • Dividend Yield 0.00 %
  • ROCE -1.86 %
  • ROE -7.32 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.50 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.61% over past five years.
  • Promoter holding is low: 25.4%
  • Company has a low return on equity of -5.34% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
142 144 116 100 87 92 78 81 73 78 58 36 1
132 130 117 113 92 90 76 79 71 83 68 43 17
Operating Profit 9 14 -1 -13 -5 2 2 2 2 -4 -9 -7 -15
OPM % 7% 10% -1% -13% -5% 2% 3% 2% 3% -6% -16% -21% -1,107%
0 2 0 0 0 0 0 0 0 1 0 0 0
Interest 3 3 3 3 3 3 3 3 3 3 3 3 3
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 5 10 -5 -17 -9 -3 -2 -2 -2 -9 -13 -12 -20
Tax % 35% 35% -26% -30% -27% -54% -24% -30% -29% -29% -29% -34% 41%
3 7 -4 -12 -7 -1 -2 -2 -2 -6 -10 -8 -28
EPS in Rs 0.73 1.46 -0.84 -2.60 -1.42 -0.30 -0.41 -0.36 -0.33 -1.32 -2.05 -1.70 -6.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
251 373 358 434 512 395 311 174
219 320 322 403 484 412 309 210
Operating Profit 32 53 36 32 28 -18 2 -36
OPM % 13% 14% 10% 7% 5% -4% 1% -21%
1 1 1 2 1 1 1 1
Interest 10 11 11 11 10 11 11 12
Depreciation 4 5 6 7 7 7 7 7
Profit before tax 19 38 20 16 12 -35 -16 -54
Tax % -10% 28% 33% 34% 34% -31% -28%
21 28 13 10 8 -24 -11 -52
EPS in Rs 4.48 5.94 2.85 2.20 1.74 -5.15 -2.41 -11.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -4%
3 Years: -11%
TTM: -46%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -695%
Stock Price CAGR
10 Years: %
5 Years: -14%
3 Years: -35%
1 Year: -40%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: -5%
Last Year: -7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 46 46 46 46 46 46 46 46
Reserves 80 105 119 129 137 113 102 84
75 68 73 58 76 84 83 84
31 92 90 90 90 68 63 49
Total Liabilities 232 313 329 323 350 312 294 264
90 138 151 149 144 155 150 146
CWIP 13 2 0 7 8 0 0 0
Investments 0 1 1 2 2 1 1 1
128 172 176 166 197 155 143 117
Total Assets 232 313 329 323 350 312 294 264

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 46 28 35 -10 11 12
-28 -28 -18 -5 -3 -10 -1
38 -33 -4 -24 11 -0 -11
Net Cash Flow 15 -15 5 6 -2 1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 86 84 96 67 70 60 64
Inventory Days 75 95 88 61 50 58 72
Days Payable 53 110 127 92 75 76 100
Cash Conversion Cycle 108 69 57 36 45 42 35
Working Capital Days 93 61 77 62 77 71 76
ROCE % 23% 14% 11% 9% -9% -2%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 25.37% 25.37%
0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00% 0.00%
72.94% 72.89% 72.94% 72.94% 72.93% 72.93% 72.94% 72.94% 72.89% 72.94% 74.63% 74.63%
No. of Shareholders 20,78921,27921,68321,33620,82421,85321,07521,04920,96521,18721,83921,755

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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