Astron Paper & Board Mill Ltd

Astron Paper & Board Mill Ltd (ASTRON) is a micro-cap Forest Materials company valued at ₹14 crore operating in Paper & Paper Products on the NSE and BSE.

Recent price move

Astron Paper & Board Mill Ltd last traded at ₹2.91, modestly up 0.34% on the day.

Financial performance

The business is deteriorating, with annual revenue falling 96.9% and the latest quarter revenue at ₹0 crore, down 92.0% from the same quarter a year earlier. Net profit has narrowed from a ₹57 crore loss to a ₹19 crore loss annually, but the net profit margin has plunged to -633.3%, down 574.0 percentage points from the prior year. Return on equity and return on capital employed are both negative, indicating poor profitability.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 0.26 times book value.

Things to watch

The company has a low interest coverage ratio, indicating high debt risk. Promoter holding is 25.37%, which is low, and contingent liabilities of ₹143 crore could weigh on financial stability. The stock is 80.2% below its 52-week high, suggesting potential for further decline.

Where it stands

The DocStoX verdict of avoid follows from the company's severe revenue decline, negative returns, and high debt risk. The most critical factor is the low interest coverage ratio, which signals significant financial distress.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.