BSE:540824

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Astron Paper & Board Mill

Executive Summary

Astron Paper & Board Mill Limited manufactures and sells a range of kraft papers from waste paper for packaging industry in India.


Snowflake Analysis

Adequate balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Astron Paper & Board Mill's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540824's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.3%

540824

2.7%

IN Forestry

1.1%

IN Market


1 Year Return

-61.9%

540824

-40.7%

IN Forestry

-6.0%

IN Market

Return vs Industry: 540824 underperformed the Indian Forestry industry which returned -40.7% over the past year.

Return vs Market: 540824 underperformed the Indian Market which returned -6% over the past year.


Shareholder returns

540824IndustryMarket
7 Day-2.3%2.7%1.1%
30 Day19.4%8.5%6.2%
90 Day29.1%10.2%18.2%
1 Year-61.9%-61.9%-24.7%-40.7%-4.1%-6.0%
3 Yearn/a-38.6%-53.5%0.2%-4.5%
5 Yearn/a5.5%-23.5%24.5%14.9%

Price Volatility Vs. Market

How volatile is Astron Paper & Board Mill's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Astron Paper & Board Mill undervalued compared to its fair value and its price relative to the market?

13.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 540824's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 540824's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 540824 is poor value based on its PE Ratio (13.4x) compared to the IN Forestry industry average (7.8x).

PE vs Market: 540824 is poor value based on its PE Ratio (13.4x) compared to the Indian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540824's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540824 is overvalued based on its PB Ratio (1.1x) compared to the IN Forestry industry average (0.7x).


Next Steps

Future Growth

How is Astron Paper & Board Mill forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Astron Paper & Board Mill has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Astron Paper & Board Mill performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540824 has high quality earnings.

Growing Profit Margin: 540824's current net profit margins (3.7%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: 540824's earnings have grown significantly by 20.3% per year over the past 5 years.

Accelerating Growth: 540824's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 540824 had negative earnings growth (-52.8%) over the past year, making it difficult to compare to the Forestry industry average (-10.5%).


Return on Equity

High ROE: 540824's Return on Equity (8.1%) is considered low.


Next Steps

Financial Health

How is Astron Paper & Board Mill's financial position?


Financial Position Analysis

Short Term Liabilities: 540824's short term assets (₹1.7B) exceed its short term liabilities (₹1.4B).

Long Term Liabilities: 540824's short term assets (₹1.7B) exceed its long term liabilities (₹227.2M).


Debt to Equity History and Analysis

Debt Level: 540824's debt to equity ratio (44%) is considered high.

Reducing Debt: 540824's debt to equity ratio has reduced from 246.8% to 44% over the past 5 years.

Debt Coverage: 540824's debt is well covered by operating cash flow (37.7%).

Interest Coverage: 540824's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Astron Paper & Board Mill current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540824's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 540824's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540824's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540824's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 540824's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Kirit Patel (47yo)

4.25yrs

Tenure

₹1,202,000

Compensation

Mr. Kirit Ghanshyambhai Patel is the Promoter of Astron Paper & Board Mill Limited and has been its Managing Director since April 1, 2016 and also serves as its Chairman. He holds a Bachelor’s degree in Co ...


CEO Compensation Analysis

Compensation vs Market: Kirit's total compensation ($USD15.99K) is below average for companies of similar size in the Indian market ($USD48.72K).

Compensation vs Earnings: Kirit's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kirit Patel
Executive Chairman & MD4.25yrs₹1.20m16.56% 298.7m
Parth Patel
Chief Financial Officer3.17yrs₹852.00k0.013% 240.5k
Uttambhai Patel
Compliance Officer & Company Secretary4.5yrs₹420.00k0.020% 356.1k
Ramakant Patel
Whole Time Director9.58yrs₹600.00k2.54% 45.9m
Bipinkumar Patel
Vice President of Finance & Accounts3.17yrsno data0.58% 10.5m
Shakti Bhargava
Vice President of Marketing4.25yrs₹781.19kno data
Karshanbhai Patel
Executive Director9.58yrsno data7.69% 138.7m
Kanubhai Patel
Executive Director3.25yrsno datano data
Dharmendra Singh
Vice President of Production4.58yrs₹1.72mno data

4.3yrs

Average Tenure

47yo

Average Age

Experienced Management: 540824's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kirit Patel
Executive Chairman & MD4.25yrs₹1.20m16.56% 298.7m
Ramakant Patel
Whole Time Director9.58yrs₹600.00k2.54% 45.9m
Karshanbhai Patel
Executive Director9.58yrsno data7.69% 138.7m
Kanubhai Patel
Executive Director3.25yrsno datano data
Chaitali Parikh
Independent Non-Executive Director5.17yrs₹25.00kno data
Sudhir Maheshwari
Independent Non-Executive Director3.17yrs₹125.00kno data
Dhiren Parikh
Additional Non-Executive Independent Director0.92yrno datano data
Yogesh Patel
Additional Non-Executive Independent Director0.92yrno datano data

3.3yrs

Average Tenure

48yo

Average Age

Experienced Board: 540824's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Astron Paper & Board Mill Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Astron Paper & Board Mill Limited
  • Ticker: 540824
  • Exchange: BSE
  • Founded: 2010
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: ₹1.804b
  • Shares outstanding: 46.50m
  • Website: https://www.astronpaper.com

Number of Employees


Location

  • Astron Paper & Board Mill Limited
  • Ganesh Meridian
  • D-702, 7th Floor
  • Ahmedabad
  • Gujarat
  • 380060
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540824BSE (Mumbai Stock Exchange)YesEquity ShareININRDec 2017
ASTRONNSEI (National Stock Exchange of India)YesEquity ShareININRDec 2017

Biography

Astron Paper & Board Mill Limited manufactures and sells a range of kraft papers from waste paper for packaging industry in India. The company offers high RCT papers, kraft liners, liners, and corrugated medium papers for use in the manufacture of corrugated boxes and liners, corrugated sacks, and composite containers. It also exports its products. The company was founded in 2010 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 12:40
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.