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NSE:ASTRON

ASTRON PAPER BORD MIL LTD

₹2.63
at close · 6 Nov 2026
▲ 0.11 (+4.37%)

Latest filings

  1. Creditors to hold seventh meeting on insolvency resolution · Regulatory & Legal
  2. 6th Committee of Creditors meeting scheduled for October 19, 2026 · Regulatory & Legal
  3. 5th CoC meeting - both Resolution Professional proposals rejected · Regulatory & Legal
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes recycled Kraft Paper with a stated manufacturing capacity of 500 tons per day. Operations have effectively collapsed: 9M FY26 revenue of Rs. 272.59 lakhs was roughly 97% lower than Rs. 9,506.28 lakhs in 9M FY25, with full-year FY26 revenue at Rs. 2.79 crore. The company posted a standalone loss of Rs. 445.64 lakhs in Q3 FY26, while finance costs of Rs. 393.83 lakhs in that quarter alone dwarfed revenue. Cost of materials accounted for 55.1% of revenue and depreciation for 256% of revenue in FY26, reflecting the mismatch between the fixed cost base and the shrunken top line. The business is under Corporate Insolvency Resolution Process, admitted by NCLT Ahmedabad on 11 May 2026 after a petition by Australian operational creditor Empire Sony PTY Limited claiming Rs. 1.78 crore of unpaid invoices. An Interim Resolution Professional has been appointed in place of the Board, a moratorium is in force, secured lenders have taken symbolic possession of certain assets under the SARFAESI Act, and resolution plans were due by 17 September 2026.

Operating scale
Kraft Paper capacity
500 tons per day
9M FY26 revenue
Rs. 272.59 lakhs9M FY26
9M FY25 revenue (prior period)
Rs. 9,506.28 lakhs9M FY25
CIRP admission date
11 May 2026 (NCLT Ahmedabad)
Operational creditor debt triggering CIRP
Rs. 1.78 crore
Resolution plans due
17 September 2026
Biggest cost
Materials (waste paper for recycling) at 55.1% of revenue, with depreciation at 256% of revenue indicating a heavy fixed-cost base
Kind of business
Cyclical, asset-heavy paper manufacturer currently in IBC insolvency proceedings
Where it sits
Single-product recycled Kraft Paper maker with 500 tons per day capacity, currently under CIRP since May 2026 with secured lenders having taken symbolic possession of assets
Market Cap
₹12 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
—
Growth
-63.6%▼
Revenue 5y CAGR
PAT — · EBITDA —
Quality
-10.9%·
ROCE (5y median)
ROE -15.0% (5y median) · margin -88.7%
Leverage
1.13·
Debt / Equity · moderate
Net debt ₹77 Cr
Revenue FY21→FY26
0.0×▼
Margin −760.8 pts
₹435 Cr → ₹3 Cr
Moves on a normal day
1.59%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves

Scorecard

Measured from the filed financials · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Revenue shrinking over 5 years (−64% a year)
Erratic profits — up in only 2 of the last 5 years
Negative returns on capital — −10.9% (5-year median)
down from 13.5% in FY21
Heavy working capital — 316 days of cash tied up
Customers are taking longer to pay — 67 → 2798 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

ASTRON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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Financials

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ASTRON PAPER BORD MIL LTD's filed financials and exchange disclosures

What does ASTRON PAPER BORD MIL LTD do?

ASTRON PAPER BORD MIL LTD is listed on NSE and BSE, trading under the symbol ASTRON.

Is ASTRON PAPER BORD MIL LTD profitable?

No. Over the trailing twelve months ASTRON PAPER BORD MIL LTD reported a net loss of ₹26 Cr on revenue of ₹4.07 Cr.

Does ASTRON PAPER BORD MIL LTD pay a dividend?

Not in the latest reported year — ASTRON PAPER BORD MIL LTD's dividend payout for FY26 was nil.

Is ASTRON PAPER BORD MIL LTD debt-free?

No. It reported borrowings of ₹77 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹77 Cr after cash. Debt stands at 1.13× equity.

How much does the ASTRON PAPER BORD MIL LTD share price move in a day?

On a typical session ASTRON PAPER BORD MIL LTD moves 1.59% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ASTRON PAPER BORD MIL LTD's announcements?

Every NSE and BSE filing by ASTRON PAPER BORD MIL LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.