Astron Paper & Board Mill Limited (ASTRON)

Small Cap

Astron Paper & Board Mill Limited operates in Paper, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹2.87

-0.06 · -2.05%

Market cap ₹13.1 Cr

ThemesManufacturing Paper & Packaging

Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am IST

Details

Quote21 Oct, 04:45 am IST

Base fundamentals06 Oct 2026 · screener

Latest result01 Jun, 03:31 pm IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags02 May 2026

Coverage13/14 · 93%

Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)

Technical timing lens

Trend score and candlestick chart

36Bearish

full bear SMA stack · SMA20 -4.8% / mo · MACD + · near 52W low

Stock trend: 26

Sector RS: 50

Sector 3M: -6.3% vs Nifty 500 -5.6%

Industrials FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

ASTROND candles · FIT view-36.1%

Latest close ₹2.87 on 2026-10-19

Bar

-5.0%

RSI

MACD hist

0.02

52W pos

2026-10-19O ₹3.02H ₹3.02L ₹2.80C ₹2.87Vol 28,051 sh

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

ASTRONNifty India ManufacturingNifty 500

ASTRON: -23.3%
Nifty 500: -5.6%
Nifty India Manufacturing: -5.8%
Vs Nifty 500: -17.7 pp

Chart stats

19 Oct 2026

From 52W high: -75.3%
52W range position: 2%
ATR (14): 5.3%
Volume vs 20D: 1.56x
Avg traded value: ₹0 Cr
20D price channel: ₹2.7 - ₹3.1

Quarter ended 31 Mar 2026

Bad · 0

Rev -92% YoY · margin compression

Revenue: ₹0.1 Cr; YoY -92.0%
PAT: ₹-6.1 Cr; YoY NDF
Operating margin: -3200.0%; QoQ NDF
PAT margin: -8728.6%; QoQ NDF

Filed 01 Jun 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 4 Downtrend

Current trend context ranked against all active NSE stocks. It describes the chart; it is not a buy or sell signal.

RS percentile: 3; +1 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 4 Downtrend
Sector rotation: #2; leading · 600 stocks
Industry rotation: #42; weakening · 22 stocks

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Weak momentum

MACD

Above signal

Histogram +0.02

Volume participation

1.6x average

Versus 20-session average

20-session position

47% of range

₹2.71 low · ₹3.05 high

Relative performance

vs Nifty 500

1M: +0.5 pp; stock -3.0%
3M: -17.7 pp; stock -23.3%
6M: -33.2 pp; stock -36.8%
1Y: -64.8 pp; stock -71.9%

From 52W high

-74.7%

High ₹11.36

52W range position

₹2.71 - ₹11.36

ATR (14)

5.3%

₹0.15

Avg traded value

₹0 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step

Check latest quarters

Result consistency is weak; verify whether the thesis is improving or deteriorating.

U-Score

Legacy · OVERVALUED

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 31 Mar 2026

Bad · 0/100

Rev -92% YoY · margin compression

Filed 01 Jun 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹0.1 Cr	-92.0%	-95.2%
EBITDA	₹-2.2 Cr	-5.7%	-160.5%
Operating margin	-3200.0%	-295909 bps	NDF
PAT	₹-6.1 Cr	NDF	NDF
PAT margin	-8728.6%	-744107 bps	NDF

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: —
P/B: 0.19
EV/EBITDA: 18.02
Market Cap: 13.10Cr

Profitability

ROE: -26.60%
ROCE: -6.12%
ROA: -10.34%
Dividend Y: —

Growth (CAGR)

Revenue 5Y: -64.00%
EPS 5Y: -46.00%
Revenue 3Y: -81.00%
EPS 3Y: 4.00%

Balance Sheet

Debt/Equity: 1.13
Interest Coverage: -0.17×
Altman Z: 0.31
Book Value: 14.60

Cash Flow

FCF Yield: 106.87%
FCF Positive Y: 7/5
OCF: 14.00 Cr
EPS TTM: -4.55

Shareholding

Promoter Hold: 25.37%
Promoter Pledge: 0.00%
Momentum 52W: 1%

Financial History

Updated 19/10/2026

Revenue

₹ Cr

Latest: 0.1-95.2% vs prev

Net Profit

₹ Cr

Latest: -6.1-20.8% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 45. Wait for confirmation.

Price < SMA20 < SMA50 < SMA200 — full bearish stack.
SMA20 falling (~5.0% over last month) — short-term momentum negative.
RSI(14) at 45 — rising, no extreme reading.
MACD above signal, histogram expanding — bullish momentum building.
75% off 52W high · 6% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 4 Downtrend

1M return

-3.0%

3M return

-23.3%

6M return

-36.8%

1Y return

-72.9%

RS 1D

RS 20D

Sector rank

Industry rank

#42

Stage evidence

Price is 22.4% below the 30-week proxy.
The 50-DMA is below the 30-week proxy and its slope is falling -4.0%.
Both 3-month and 6-month returns are negative.

50-DMA

price below

200-DMA

price below

Sector

leading

Industry

weakening

Relative-strength line vs Nifty 500 (base 100)

261 observations

19 Oct 2026Value 22.45-1.01%

RS vs Nifty 50022

Valuation & peers

U-Score 13 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies

Distress Watch

Fundamental score breakdown

U band · OVERVALUED

Valuation5/30

Growth3/25

Quality0/20

Balance Sheet1/15

Cash Flow10/10

Piotroski

3/9 (+1)

Penalties

-7

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

13/100 · legacy band OVERVALUED

Positive drivers

FCF yield is supportive at 106.9%.
Cash flow contributes 10/10 to the score.
Valuation contributes 5/30 to the score.

Main drags

Altman Z is 0.3, in distress territory.
Penalty bucket subtracts 7 points.
Quality is weaker at 0/20; verify the latest quarterly trend.

Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized

Primary lens

Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.

Secondary checks

Current margin versus 5-year average, balance sheet strength, commodity cycle.

Main risk check

A low trailing PE may mean peak-cycle earnings, not true cheapness.

—

0.2

EV/EBITDA

18.0

ROE

-26.6%

ROCE

-6.1%

FCF Yield

106.9%

Debt/Equity

1.1

MoS

—

Cyclical/value-trap warning

This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Debt/equity is 1.1, so downturn resilience matters.

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 13

Legacy U-Score band

OVERVALUED

Previous: OVERVALUED

Margin of safety

—

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

MALUPAPER

Small

Malu Paper Mills Limited

Star Paper Mills Limited

Balkrishna Paper Mills Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Astron Paper & Board Mill Limited operates in Paper, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score

54Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 13th percentile of the scored universe and 10th percentile within Industrials. Main check: financial discipline is weak at 22/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026

management-trust-v1

5 docs text-extracted · 0 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

13th percentile

overall median 67 · Industrials: 10th pctile, median 68 · Small: 15th pctile, median 66

Evidence depth

Financial-only

5 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

weak · leverage and solvency

Discipline

weak · capital discipline

Results

weak · quarterly consistency

Trust positives

▸Promoter pledge is zero.
▸FCF yield is 98.6%.
▸7 years of positive FCF.

Trust risks

▸Altman Z is 0.32.
▸Debt/equity is 1.13.
▸ROCE is low at -6.1%.
▸ROE is low at -26.6%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Industrials stocks Browse Indian stocks starting with A Explore fundamental stock screeners Browse Indian investment themes

Related companies

Malu Paper Mills Limited (MALUPAPER)Modi Rubber Limited (MODIRUBBER)ANDHRA PAPER LIMITED (ANDHRAPAP)Star Paper Mills Limited (STARPAPER)Balkrishna Paper Mills Limited (BALKRISHNA)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Astron Paper & Board Mill Limited (ASTRON)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 31 Mar 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Cyclical valuation: normalized earnings, not just trailing PE

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Issuer presentation review pending

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Astron Paper & Board Mill Limited

Important announcements & filings

Corporate Insolvency Resolution Process (CIRP)-Public Announcement 8 Oct - CoC e-voting rejected appointment of Navin Khandelwal and Arul Sheth as Resolution Professional.

Sep 2026 · Corporate Insolvency Resolution Process (CIRP)-Public Announcement 22 Sep - CoC e-voting on Sept 21, 2026 approved IA filing, Rs 23,10,852 CIRP expenses, and record-related procurement.

Sep 2026 · Corporate Insolvency Resolution Process (CIRP)-Public Announcement 19 Sep - 5th CoC meeting of Astron Paper scheduled for September 18, 2026 at 3:00 PM.

Sep 2026 · Corporate Insolvency Resolution Process (CIRP)-Public Announcement 16 Sep - Astron Paper filed contempt application over Rs2 lakh non-payment, before NCLT Ahmedabad on 10 Sep 2026.

Sep 2026 · Corporate Insolvency Resolution Process (CIRP)-Public Announcement 16 Sep - E-voting began for 4th CoC meeting matters in Astron Paper’s CIRP, open till 15 September 2026.

Corporate Insolvency Resolution Process (CIRP)-Public Announcement 16 Sep - AGM delayed as annual records remain pending under CIRP; company to convene after NCLT directions.

Jun 2026 · Corporate Insolvency Resolution Process (CIRP)-Public Announcement 17 Sep - RP clarifies Regulation 33 defaults are pre-CIRP; June 30, 2026 results pending, Section 19 application filed.

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

Mar 2025 · Annual Report 2025