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    Astron Paper & Board Mill Limited

    Gujarat-based kraft paper manufacturer for the corrugated packaging industry, now with all plants shut and under insolvency proceedings.

    Forest Materials
    Commodities

    Overview

    Price

    Market Cap

    ₹19 Cr

    Sector

    Forest Materials

    Commodities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital4646464646464646
    Reserves119129137113102453522
    Borrowings7358768483787777
    Other Liabilities9090906863484958
    Total Liabilities329323350312294217207203
    AssetsFixed Assets151149144155150142139135
    CWIP07800000
    Investments12211111
    Other Assets176166197155143746867
    Total Assets329323350312294217207203

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating462835-101112414
    Cash from Investing-28-18-5-3-10-120
    Cash from Financing-33-4-24110-11-16-14
    SummaryCapital Expenditure
    Free Cash Flow171024-13110514
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    ASTRON · CAPITAL_INTENSIVE

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