Astron Paper & Board Mill Ltd

Astron Paper Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Astron Paper & Board Mill Ltd

₹ 19.3 -4.08%
22 Nov - close price
astronpaper.com BSE: 540824 NSE: ASTRON
About

Astron Paper and Board mill Ltd is a paper manufacturing company. It is engaged in the manufacturing of Kraft Paper from waste paper. [1]

Key Points

Product Portfolio
The product portfolio of the company consists of Fluting Medium Paper, Test Liners, VTL (Virgin Top Liner), Kraft Liner, H-RCT Kraft Liner, etc. [1]
The packaging paper of the company is used by the packaging industry for making corrugated boxes, sacks, liners, and composite containers. [2]

Website BSE NSE
  • Market Cap ₹ 89.7 Cr.
  • Current Price ₹ 19.3
  • High / Low ₹ 40.9 / 18.2
  • Stock P/E
  • Book Value ₹ 28.1
  • Dividend Yield 0.00 %
  • ROCE -1.85 %
  • ROE -7.30 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.69 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.60% over past five years.
  • Promoter holding is low: 27.1%
  • 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
115.61 141.56 143.82 115.86 100.13 87.20 91.54 78.38 80.67 73.33 78.40 58.43 35.55
107.60 132.16 129.82 116.95 113.42 91.99 89.89 76.37 78.65 70.86 82.81 67.51 42.91
Operating Profit 8.01 9.40 14.00 -1.09 -13.29 -4.79 1.65 2.01 2.02 2.47 -4.41 -9.08 -7.36
OPM % 6.93% 6.64% 9.73% -0.94% -13.27% -5.49% 1.80% 2.56% 2.50% 3.37% -5.62% -15.54% -20.70%
0.30 0.16 1.72 0.05 0.29 0.12 0.30 0.04 0.19 0.03 0.53 0.25 0.11
Interest 2.28 2.54 3.26 2.51 2.66 2.57 3.22 2.65 2.80 2.85 2.93 2.70 3.05
Depreciation 1.75 1.75 2.03 1.74 1.64 1.73 1.74 1.89 1.79 1.80 1.78 1.91 1.79
Profit before tax 4.28 5.27 10.43 -5.29 -17.30 -8.97 -3.01 -2.49 -2.38 -2.15 -8.59 -13.44 -12.09
Tax % 37.62% 35.10% 34.80% -26.09% -30.17% -26.76% -54.15% -24.50% -30.25% -28.84% -28.75% -29.24% -34.41%
2.67 3.41 6.80 -3.91 -12.07 -6.58 -1.39 -1.89 -1.66 -1.54 -6.13 -9.51 -7.92
EPS in Rs 0.57 0.73 1.46 -0.84 -2.60 -1.42 -0.30 -0.41 -0.36 -0.33 -1.32 -2.05 -1.70
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
251 373 358 434 512 395 311 246
219 320 322 403 484 412 309 264
Operating Profit 32 53 36 32 28 -18 2 -18
OPM % 13% 14% 10% 7% 5% -4% 1% -7%
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 -36
Tax % -10% 28% 33% 34% 34% -31% -28%
21 28 13 10 8 -24 -11 -25
EPS in Rs 4.48 5.94 2.85 2.20 1.74 -5.15 -2.41 -5.40
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -4%
3 Years: -11%
TTM: -27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -118%
Stock Price CAGR
10 Years: %
5 Years: -13%
3 Years: -26%
1 Year: -34%
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

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06% 27.06%
0.15% 0.05% 0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00%
72.79% 72.89% 72.94% 72.89% 72.94% 72.94% 72.93% 72.93% 72.94% 72.94% 72.89% 72.94%
No. of Shareholders 20,56120,87020,78921,27921,68321,33620,82421,85321,07521,04920,96521,187

* 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Jan 2019
    Transcript
    Notes
    PPT
  • Jan 2018
    Transcript
    Notes
    PPT