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ASTRON PAPER BOARD MILL LTD (ASTRON)

Process Industries · Pulp & Paper · figures to Nov '26

Share price

Closing priceAdjusted for splits and bonus issues.

₹14.2 latest close · +10.5% over the last 90 sessions

₹13₹15₹18₹20Apr 16May 14Jun 9Jul 2Jul 28Aug 22 ₹13₹15₹18₹20Apr 16Jun 20Aug 22

₹14.2 month-end · −43.2% over 12 months

₹10₹15₹20₹25Aug '24Oct '24Jan '25Mar '25Jun '25Aug '25 ₹10₹15₹20₹25Aug '24Feb '25Aug '25

₹14.2 month-end · −63.6% over 3 years

₹10₹20₹30₹40Aug '22Mar '23Oct '23Jun '24Jan '25Aug '25 ₹10₹20₹30₹40Aug '22Feb '24Aug '25

₹14.2 month-end · −88.2% since Jan '19

₹0₹50₹100Jan '19May '20Sep '21Dec '22Apr '24Aug '25 ₹0₹50₹100Jan '19May '22Aug '25

52-week range ₹10.11 to ₹25.20 · 1-year volatility 48.1%

How rough has the ride been?

Maximum drawdown-91.3%not yet recovered
1-year volatility48.1%annualised

Drawdown from peak

0%−25%−50%−75%202020212022202320242025−91.3% 0%−25%−50%−75%202020222024−91.3%
Largest drawdowns

-91.3% (2019-01 peak to 2025-03 low, not yet recovered)

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE1st▼ 8 pts vs a year ago
  • Op. margin0th▼ 9 pts vs a year ago
  • Revenue growth2nd▼ 12 pts vs a year ago
  • EPS growth2nd▼ 12 pts vs a year ago
  • Debt/equity ↓21st▼ 20 pts vs a year ago
  • Cash cycle ↓93rd▲ 11 pts vs a year ago
  • P/E ↓56thflat vs a year ago
  • 12M momentum15th▲ 5 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Process Industries sector page Watch it move against Process Industries in the Observatory

Key figures

52-week range

₹10.11₹25.20
27% of the way from its 52-week low to its high

Price risk

1Y volatility
48.1%
Beta vs sector
1-year daily
0.56

Are profits backed by cash?

2 of 2checks within rangeAll clear
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, promoters trimmed 1.7 pts.

Holdings, Mar '25

How each group changed

GroupJun '23Mar '25Change
Promoters27.1%25.4%-1.7 pts
FIIs0.0%0.0%0.0 pts
DIIs———
Public and others72.9%74.6%+1.7 pts

Number of shareholders

21,755shareholders+4% since Jun '23
21k21k22k22k Jun '23Dec '23Jun '24Sep '24Dec '24Mar '25
Jun '23: 20,824
Dec '23: 21,075
Jun '24: 20,965
Sep '24: 21,187
Dec '24: 21,839
Mar '25: 21,755
21k21k22k22k Jun '23Jun '24Dec '24Mar '25
Jun '23: 20,824
Dec '23: 21,075
Jun '24: 20,965
Sep '24: 21,187
Dec '24: 21,839
Mar '25: 21,755

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What changed?

10 events since Jun '20

  1. MarPriceFell 91% from the Jan 2019 peak to the Mar 2025 low.
  2. JunPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  3. JunResultsEPS (TTM) turned negative.
  4. JunResultsRevenue (TTM) reached a new high of ₹512 cr.
  5. JunPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the 3rd quartile).
  6. JunResultsRevenue (TTM) reached a new high of ₹434 cr.
  7. JunValuationP/E crossed above the 90th percentile of its own history to date (25.9x).
  8. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
Show 2 earlier events
  1. JunResultsYear-on-year EPS growth turned negative.
  2. JunPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11—————
2026-10—————
2026-09—————
2026-08—————
2026-07—————
2026-06—————
2026-05—————
2026-04—————
2026-03—————
2026-02—————
2026-01—————
2025-12—————
2025-11—————
2025-10—————
2025-09—————
2025-08—₹96 cr-62.3%-20.0%0.9x
2025-07—₹96 cr-62.3%-20.0%0.9x
2025-06—₹96 cr-62.3%-20.0%0.9x
2025-05—₹174 cr-34.8%-2.0%0.6x
2025-04—₹174 cr-34.8%-2.0%0.6x
2025-03—₹174 cr-34.8%-2.0%0.6x
2025-02—₹246 cr-17.0%-2.0%0.6x
2025-01—₹246 cr-17.0%-2.0%0.6x
2024-12—₹246 cr-17.0%-2.0%0.6x
2024-11—₹291 cr-12.7%-2.0%0.6x
2024-10—₹291 cr-12.7%-2.0%0.6x
2024-09—₹291 cr-12.7%-2.0%0.6x
2024-08—₹311 cr-7.6%-2.0%0.6x
2024-07—₹311 cr-7.6%-2.0%0.6x
2024-06—₹311 cr-7.6%-2.0%0.6x
2024-05—₹324 cr-4.1%-9.0%0.5x
2024-04—₹324 cr-4.1%-9.0%0.5x
2024-03—₹324 cr-4.1%-9.0%0.5x
2024-02—₹395 cr-15.1%-9.0%0.5x
2024-01—₹395 cr-15.1%-9.0%0.5x
2023-12—₹395 cr-15.1%-9.0%0.5x
2023-11—₹395 cr-15.1%-9.0%0.5x
2023-10—₹395 cr-15.1%-9.0%0.5x
2023-09—₹395 cr-15.1%-9.0%0.5x
2023-08—₹395 cr-15.1%-9.0%0.5x
2023-07—₹395 cr-15.1%-9.0%0.5x
2023-06—₹395 cr-15.1%-9.0%0.5x
2023-0513.7x₹512 cr4.4%9.0%0.4x
2023-0414.7x₹512 cr4.4%9.0%0.4x
2023-0311.6x₹512 cr4.4%9.0%0.4x
2023-0213.3x₹512 cr4.4%9.0%0.4x
2023-0118.5x₹512 cr4.4%9.0%0.4x
2022-1218.9x₹512 cr4.4%9.0%0.4x
2022-1119.6x₹512 cr4.4%9.0%0.4x
2022-1020.0x₹512 cr4.4%9.0%0.4x
2022-0919.7x₹512 cr4.4%9.0%0.4x
2022-0822.4x₹512 cr4.4%9.0%0.4x
2022-0721.6x₹512 cr4.4%9.0%0.4x
2022-0623.0x₹512 cr4.4%9.0%0.4x
2022-0519.4x₹434 cr5.7%11.0%0.3x
2022-0422.6x₹434 cr5.7%11.0%0.3x
2022-0319.6x₹434 cr5.7%11.0%0.3x
2022-0218.1x₹434 cr5.7%11.0%0.3x
2022-0121.4x₹434 cr5.7%11.0%0.3x
2021-1222.5x₹434 cr5.7%11.0%0.3x
2021-1121.1x₹434 cr5.7%11.0%0.3x
2021-1022.8x₹434 cr5.7%11.0%0.3x
2021-0926.3x₹434 cr5.7%11.0%0.3x
2021-0826.8x₹434 cr5.7%11.0%0.3x
2021-0728.5x₹434 cr5.7%11.0%0.3x
2021-0625.9x₹434 cr5.7%11.0%0.3x
2021-0516.5x₹358 cr7.9%14.0%0.4x
2021-0414.0x₹358 cr7.9%14.0%0.4x
2021-0314.5x₹358 cr7.9%14.0%0.4x
2021-0215.1x₹358 cr7.9%14.0%0.4x
2021-0114.7x₹358 cr7.9%14.0%0.4x
2020-1218.3x₹358 cr7.9%14.0%0.4x
2020-1115.9x₹358 cr7.9%14.0%0.4x
2020-1016.2x₹358 cr7.9%14.0%0.4x
2020-0916.7x₹358 cr7.9%14.0%0.4x
2020-0814.7x₹358 cr7.9%14.0%0.4x
2020-0713.7x₹358 cr7.9%14.0%0.4x
2020-0614.2x₹358 cr7.9%14.0%0.4x
2020-054.7x₹373 cr18.5%23.0%0.5x
2020-044.9x₹373 cr18.5%23.0%0.5x
2020-034.4x₹373 cr18.5%23.0%0.5x
2020-025.9x₹373 cr18.5%23.0%0.5x
2020-016.8x₹373 cr18.5%23.0%0.5x
2019-126.8x₹373 cr18.5%23.0%0.5x
2019-116.7x₹373 cr18.5%23.0%0.5x
2019-109.0x₹373 cr18.5%23.0%0.5x
2019-0918.3x₹373 cr18.5%23.0%0.5x
2019-0815.7x₹373 cr18.5%23.0%0.5x
2019-0713.5x₹373 cr18.5%23.0%0.5x
2019-0619.5x₹373 cr18.5%23.0%0.5x
2019-0523.7x₹251 cr16.7%—0.6x
2019-0421.7x₹251 cr16.7%—0.6x
2019-0322.6x₹251 cr16.7%—0.6x
2019-0221.2x₹251 cr16.7%—0.6x
2019-0126.8x₹251 cr16.7%—0.6x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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