About Astron Paper & Board Mill Limited
Data last updated:
Astron Paper & Board Mill Limited is a public limited company based in Ahmedabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the wood and wood products segment of the wood and timber products sector. It was incorporated on 29 December 2010.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L21090GJ2010PLC063428. Its GSTIN is 24AAJCA0517E1Z9 (Gujarat). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 540824 and NSE: ASTRON.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹46.5 Cr. It is led by directors including Kiritbhai Ghanshyambhai Patel (Managing Director) and Karshanbhai Hirabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2.79 Cr, a decline of 97.1% compared to the previous year. For the same year it recorded a net loss of ₹21.19 Cr and EBITDA of -₹2.48 Cr (EBITDA margin -88.9%).
The company has about 225 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Astron Paper and Board Mill. As per MCA filings, the company has open charges of ₹271.53 Cr and satisfied charges of ₹101.97 Cr on record. Court records list 33 cases involving the company, including 5 filed by the company and 28 filed against it; 16 cases are pending. The company has 65 deals on record (45 market trades, 17 secondary share transfers, 2 funding rounds), with disclosed funding of ₹18.38 Cr; the latest was in August 2025. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,971 overdue payments to 189 micro and small suppliers.
The last known website on record is astronpaper.com.
Company details
CIN history
Astron Paper & Board Mill has one previous CIN (Corporate Identification Number): U21090GJ2010PLC063428. The current CIN is L21090GJ2010PLC063428, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L21090GJ2010PLC063428 | Current |
| U21090GJ2010PLC063428 | Previous |
Contact details
Astron Paper & Board Mill Limited's registered office is in Ahmedabad, Gujarat. Its website is astronpaper.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address407 Satyamev Eminence, B/S. Saptak Bungalows Science, Ahmedabad, Gujarat, India – 380060
- IndustryWood, Wood & Wood Products, Furniture, Paper & Paper Products
To see the full contact details of Astron Paper & Board Mill Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Astron Paper & Board Mill operates one associated brand: Astron Paper and Board Mill. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Corrugated paper boxes are designed and manufactured in India. | astronpaper.com |
Business activity
The main business activity of Astron Paper & Board Mill is manufacturing. In detail, this covers manufacture of paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 17 | Manufacture of paper and paper products |
To see the full business activity and turnover split of Astron Paper & Board Mill Limited, buy the company report.
Financials of Astron Paper & Board Mill Limited
FY 2025-26 filings availableAstron Paper & Board Mill Limited reported revenue of ₹2.79 Cr (down 97.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2.79 | 96.23 | 311 | 395 | 513 | 435 | 359 |
| Revenue growth | -97.1% | -69.0% | -21.3% | -23.0% | +17.9% | +21.2% | - |
| EBITDA | (2.48) | (33.73) | 2.09 | (17.53) | 27.78 | 31.77 | 35.81 |
| EBITDA margin | -88.9% | -35.1% | +0.7% | -4.4% | +5.4% | +7.3% | +10.0% |
| Profit before tax | (21.19) | (52.66) | (15.61) | (34.57) | 12.29 | 15.51 | 19.61 |
| Net profit | (21.19) | (56.92) | (11.19) | (23.95) | 8.23 | 10.31 | 13.27 |
| Net profit margin | -759.5% | -59.2% | -3.6% | -6.1% | +1.6% | +2.4% | +3.7% |
| EPS (₹) | (4.56) | (12.20) | (2.41) | (5.15) | 1.74 | 2.20 | 2.85 |
| Balance sheet | |||||||
| Total assets | - | 170 | 231 | 244 | 261 | 234 | 239 |
| Net worth | - | 91.32 | 148 | 159 | 184 | 176 | 166 |
| Total debt | - | 77.99 | 82.86 | 84.44 | 76.47 | 57.72 | 72.96 |
| Cash & bank | - | 0.28 | 10.34 | 10.23 | 8.93 | 10.66 | 5.08 |
| Net working capital | - | 25.74 | 75.22 | 86.61 | 117 | 84.24 | 84.70 |
| Cash flow | |||||||
| Cash from operations | - | 3.97 | 11.90 | 11.15 | (9.91) | 34.85 | 27.51 |
| Cash from investing | - | 1.60 | (1.07) | (9.63) | (3.08) | (5.00) | (18.34) |
| Cash from financing | - | (15.63) | (10.72) | (0.22) | 11.26 | (24.27) | (4.48) |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.07 | 1.45 | 0.00 | 1.28 | 0.88 | 1.37 | 35.55 | 58.43 |
| Revenue growth (YoY) | -92.1% | +5.8% | -100.0% | -97.8% | -98.9% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.11 | 0.25 |
| EBITDA | (2.24) | 0.82 | (0.85) | (0.20) | (2.12) | (15.17) | (7.36) | (9.08) |
| EBITDA margin | -3200.0% | +56.6% | - | -15.6% | -240.9% | -1107.3% | -20.7% | -15.5% |
| Depreciation | 1.73 | 1.77 | 1.77 | 1.89 | 1.74 | 1.79 | 1.79 | 1.91 |
| Interest | 2.15 | 4.10 | 2.13 | 3.18 | 3.53 | 2.91 | 3.05 | 2.70 |
| Profit before tax | (6.12) | (5.05) | (4.75) | (5.27) | (7.28) | (19.87) | (12.09) | (13.44) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 4.05 | 8.09 | (4.16) | (3.93) |
| Net profit | (6.12) | (5.05) | (4.75) | (5.27) | (11.33) | (27.96) | (7.93) | (9.51) |
| EPS (₹) | (1.31) | (1.09) | (1.02) | (1.13) | (2.45) | (6.01) | (1.70) | (2.05) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2.79 | 95.95 | 311 | 395 | 513 | 435 | 359 |
| Revenue growth | -97.1% | -69.1% | -21.3% | -23.0% | +17.9% | +21.2% | - |
| EBITDA | (1.90) | (33.44) | 3.06 | (14.91) | 26.70 | 27.37 | 34.03 |
| EBITDA margin | -68.1% | -34.9% | +1.0% | -3.8% | +5.2% | +6.3% | +9.5% |
| Profit before tax | (19.46) | (51.23) | (12.23) | (29.04) | 13.80 | 14.74 | 20.22 |
| Net profit | (19.46) | (52.50) | (8.80) | (20.72) | 8.80 | 9.77 | 13.38 |
| Net profit margin | -697.5% | -54.7% | -2.8% | -5.3% | +1.7% | +2.3% | +3.7% |
| EPS (₹) | (4.18) | (11.25) | (1.89) | (4.45) | 1.87 | 2.08 | 2.87 |
| Balance sheet | |||||||
| Total assets | - | 176 | 233 | 238 | 248 | 219 | 225 |
| Net worth | - | 99.84 | 152 | 161 | 182 | 173 | 163 |
| Total debt | - | 76.07 | 80.00 | 76.26 | 65.55 | 45.10 | 61.10 |
| Cash & bank | - | 0.21 | 10.01 | 9.94 | 8.63 | 10.32 | 4.54 |
| Net working capital | - | 20.17 | 75.80 | 88.98 | 112 | 78.13 | 81.82 |
| Cash flow | |||||||
| Cash from operations | - | 3.06 | 4.87 | 6.52 | (14.38) | 33.07 | 19.20 |
| Cash from investing | - | 1.58 | (0.09) | (8.74) | (1.45) | (3.62) | (11.28) |
| Cash from financing | - | (14.44) | (4.71) | 3.53 | 14.15 | (23.66) | (3.44) |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.07 | 1.45 | 0.00 | 1.28 | 0.88 | 1.36 | 35.56 | 58.15 |
| Revenue growth (YoY) | -92.1% | +6.6% | -100.0% | -97.8% | -98.9% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.12 | 0.71 |
| Total expenses | 1.97 | 0.42 | 0.85 | 1.45 | 2.94 | 16.49 | 42.84 | 67.12 |
| EBITDA | (1.90) | 1.03 | (0.85) | (0.17) | (2.06) | (15.13) | (7.28) | (8.97) |
| EBITDA margin | -2714.3% | +71.0% | - | -13.3% | -234.1% | -1112.5% | -20.5% | -15.4% |
| Depreciation | 1.50 | 1.54 | 1.54 | 1.66 | 1.52 | 1.56 | 1.56 | 1.68 |
| Interest | 2.15 | 3.94 | 2.10 | 3.13 | 3.41 | 2.90 | 3.44 | 2.63 |
| Profit before tax | (5.55) | (4.45) | (4.49) | (4.96) | (6.90) | (19.59) | (12.16) | (12.57) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 1.06 | 6.59 | (2.92) | (3.68) |
Financial Statements
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.07 | 1.45 | 0.00 | 1.28 | 0.88 | 1.37 | 35.55 | 58.43 |
| Revenue growth (YoY) | -92.1% | +5.8% | -100.0% | -97.8% | -98.9% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.11 | 0.25 |
| EBITDA | (2.24) | 0.82 | (0.85) | (0.20) | (2.12) | (15.17) | (7.36) | (9.08) |
| EBITDA margin | -3200.0% | +56.6% | - | -15.6% | -240.9% | -1107.3% | -20.7% | -15.5% |
| Depreciation | 1.73 | 1.77 | 1.77 | 1.89 | 1.74 | 1.79 | 1.79 | 1.91 |
| Interest | 2.15 | 4.10 | 2.13 | 3.18 | 3.53 | 2.91 | 3.05 | 2.70 |
| Profit before tax | (6.12) | (5.05) | (4.75) | (5.27) | (7.28) | (19.87) | (12.09) | (13.44) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 4.05 | 8.09 | (4.16) | (3.93) |
| Net profit | (6.12) | (5.05) | (4.75) | (5.27) | (11.33) | (27.96) | (7.93) | (9.51) |
| EPS (₹) | (1.31) | (1.09) | (1.02) | (1.13) | (2.45) | (6.01) | (1.70) | (2.05) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.79 | 96.23 | 311 | 395 | 513 | 435 | 359 |
| Revenue growth | -97.1% | -69.0% | -21.3% | -23.0% | +17.9% | +21.2% | - |
| Other income | 0.00 | 0.47 | 0.80 | 0.76 | 1.17 | 1.93 | 1.37 |
| Total expenses | 5.27 | 130 | 309 | 412 | 485 | 403 | 323 |
| Employee cost | 0.00 | 6.81 | 14.75 | 16.43 | 18.91 | 19.35 | 18.37 |
| EBITDA | (2.48) | (33.73) | 2.09 | (17.53) | 27.78 | 31.77 | 35.81 |
| EBITDA margin | -88.9% | -35.1% | +0.7% | -4.4% | +5.4% | +7.3% | +10.0% |
| Depreciation | 7.15 | 7.22 | 7.27 | 6.84 | 7.00 | 6.92 | 6.22 |
| Interest | 11.56 | 12.18 | 11.23 | 10.96 | 9.66 | 11.27 | 11.35 |
| Profit before tax | (21.19) | (52.66) | (15.61) | (34.57) | 12.29 | 15.51 | 19.61 |
| Tax | 0.00 | 4.05 | (4.41) | (10.62) | 4.18 | 5.29 | 6.38 |
| Net profit | (21.19) | (56.92) | (11.19) | (23.95) | 8.23 | 10.31 | 13.27 |
| Net profit margin | -759.5% | -59.2% | -3.6% | -6.1% | +1.6% | +2.4% | +3.7% |
| EPS (₹) | (4.56) | (12.20) | (2.41) | (5.15) | 1.74 | 2.20 | 2.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 46.50 | 46.50 | 46.50 | 46.50 | 46.50 | 46.50 |
| Reserves & surplus | - | 44.82 | 102 | 113 | 137 | 129 | 119 |
| Shareholders' funds (net worth) | - | 91.32 | 148 | 159 | 184 | 176 | 166 |
| Minority interest | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | - | 77.75 | 82.62 | 84.20 | 76.23 | 57.48 | 62.87 |
| Unsecured loans | - | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 10.09 |
| Total debt | - | 77.99 | 82.86 | 84.44 | 76.47 | 57.72 | 72.96 |
| Total liabilities | - | 170 | 231 | 244 | 261 | 234 | 239 |
| Assets | |||||||
| Gross block | - | 206 | 206 | 205 | 187 | 184 | 180 |
| Net block | - | 142 | 150 | 155 | 144 | 149 | 151 |
| Capital work in progress | - | 0.28 | 0.28 | 0.27 | 7.52 | 6.79 | 0.14 |
| Investments | - | 0.51 | 1.14 | 1.37 | 1.81 | 1.62 | 0.96 |
| Inventories | - | 18.07 | 43.45 | 46.90 | 49.83 | 46.61 | 49.51 |
| Sundry debtors | - | 21.90 | 54.63 | 64.81 | 98.53 | 80.15 | 94.60 |
| Cash & bank balances | - | 0.28 | 10.34 | 10.23 | 8.93 | 10.66 | 5.08 |
| Loans & advances | - | 32.66 | 29.57 | 32.12 | 38.15 | 26.73 | 18.20 |
| Total current assets | - | 72.91 | 138 | 154 | 195 | 164 | 167 |
| Total current liabilities | - | 47.17 | 62.77 | 67.45 | 78.67 | 79.91 | 82.69 |
| Net working capital | - | 25.74 | 75.22 | 86.61 | 117 | 84.24 | 84.70 |
| Total assets | - | 170 | 231 | 244 | 261 | 234 | 239 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 10.34 | 10.23 | 8.93 | 10.66 | 5.08 | 0.40 |
| Net cash from operating activities | - | 3.97 | 11.90 | 11.15 | (9.91) | 34.85 | 27.51 |
| Net cash from investing activities | - | 1.60 | (1.07) | (9.63) | (3.08) | (5.00) | (18.34) |
| Net cash from financing activities | - | (15.63) | (10.72) | (0.22) | 11.26 | (24.27) | (4.48) |
| Net change in cash | - | (10.06) | 0.11 | 1.30 | (1.72) | 5.58 | 4.68 |
| Closing cash | - | 0.28 | 10.34 | 10.23 | 8.93 | 10.66 | 5.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -97.1% | -69.0% | -21.3% | -23.0% | +17.9% | +21.2% | - |
| EBITDA growth | +92.7% | -1713.9% | +111.9% | -163.1% | -12.6% | -11.3% | - |
| PBT growth | +59.8% | -237.4% | +54.9% | - | -20.8% | -20.9% | -48.6% |
| Net income growth | +62.8% | -408.7% | +53.3% | -391.0% | -20.2% | -22.3% | - |
| Revenue CAGR (3Y) | -80.8% | -42.8% | -10.6% | +3.2% | +11.1% | +19.8% | - |
| EBITDA CAGR (3Y) | -47.9% | - | -59.6% | - | -19.4% | +0.2% | - |
| Profitability & leverage | |||||||
| Net income margin | -759.5% | -58.9% | -3.6% | -6.1% | +1.6% | +2.4% | +3.7% |
| Return on capital employed | - | 0.0% | -1.9% | -9.4% | +8.9% | +11.3% | +13.5% |
| Return on net worth | - | 0.0% | -7.3% | -14.0% | +4.5% | +6.0% | +8.3% |
| Debt / equity | - | 0.67 | 0.54 | 0.47 | 0.37 | 0.38 | 0.44 |
| Long-term debt / equity | - | 0.08 | 0.02 | 0.03 | 0.06 | 0.08 | 0.10 |
| Interest cover | -120.04 | -29.74 | -216.80 | -44.97 | 46.49 | 45.35 | 38.36 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.47 | 1.51 | 2.01 | 3.07 | 2.63 | 2.33 |
| Inventory turnover | - | 3.13 | 6.88 | 8.16 | 11.80 | 9.96 | 7.34 |
| Debtors turnover | - | 2.51 | 5.20 | 4.83 | 6.37 | 5.48 | 4.40 |
| EPS (₹) | (4.56) | (12.20) | (2.41) | (5.15) | 1.74 | 2.20 | 2.85 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 19.64 | 31.84 | 34.24 | 39.51 | 37.78 | 35.60 |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.07 | 1.45 | 0.00 | 1.28 | 0.88 | 1.36 | 35.56 | 58.15 |
| Revenue growth (YoY) | -92.1% | +6.6% | -100.0% | -97.8% | -98.9% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.12 | 0.71 |
| Total expenses | 1.97 | 0.42 | 0.85 | 1.45 | 2.94 | 16.49 | 42.84 | 67.12 |
| EBITDA | (1.90) | 1.03 | (0.85) | (0.17) | (2.06) | (15.13) | (7.28) | (8.97) |
| EBITDA margin | -2714.3% | +71.0% | - | -13.3% | -234.1% | -1112.5% | -20.5% | -15.4% |
| Depreciation | 1.50 | 1.54 | 1.54 | 1.66 | 1.52 | 1.56 | 1.56 | 1.68 |
| Interest | 2.15 | 3.94 | 2.10 | 3.13 | 3.41 | 2.90 | 3.44 | 2.63 |
| Profit before tax | (5.55) | (4.45) | (4.49) | (4.96) | (6.90) | (19.59) | (12.16) | (12.57) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 1.06 | 6.59 | (2.92) | (3.68) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.79 | 95.95 | 311 | 395 | 513 | 435 | 359 |
| Revenue growth | -97.1% | -69.1% | -21.3% | -23.0% | +17.9% | +21.2% | - |
| Other income | 0.00 | 0.46 | 1.61 | 1.65 | 1.65 | 3.15 | 1.51 |
| Total expenses | 4.69 | 129 | 308 | 410 | 486 | 408 | 325 |
| Employee cost | 0.00 | 6.73 | 14.45 | 14.25 | 15.72 | 16.52 | 15.63 |
| EBITDA | (1.90) | (33.44) | 3.06 | (14.91) | 26.70 | 27.37 | 34.03 |
| EBITDA margin | -68.1% | -34.9% | +1.0% | -3.8% | +5.2% | +6.3% | +9.5% |
| Depreciation | 6.25 | 6.32 | 6.36 | 5.94 | 6.10 | 6.04 | 5.40 |
| Interest | 11.31 | 11.93 | 10.54 | 9.84 | 8.45 | 9.74 | 9.92 |
| Profit before tax | (19.46) | (51.23) | (12.23) | (29.04) | 13.80 | 14.74 | 20.22 |
| Tax | 0.00 | 1.06 | (3.45) | (8.32) | 5.11 | 5.05 | 6.88 |
| Net profit | (19.46) | (52.50) | (8.80) | (20.72) | 8.80 | 9.77 | 13.38 |
| Net profit margin | -697.5% | -54.7% | -2.8% | -5.3% | +1.7% | +2.3% | +3.7% |
| EPS (₹) | (4.18) | (11.25) | (1.89) | (4.45) | 1.87 | 2.08 | 2.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 46.50 | 46.50 | 46.50 | 46.50 | 46.50 | 46.50 |
| Reserves & surplus | - | 53.34 | 106 | 114 | 135 | 127 | 117 |
| Shareholders' funds (net worth) | - | 99.84 | 152 | 161 | 182 | 173 | 163 |
| Secured loans | - | 76.07 | 80.00 | 76.26 | 65.55 | 45.10 | 9.41 |
| Unsecured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 51.69 |
| Total debt | - | 76.07 | 80.00 | 76.26 | 65.55 | 45.10 | 61.10 |
| Total liabilities | - | 176 | 233 | 238 | 248 | 219 | 225 |
| Assets | |||||||
| Gross block | - | 180 | 180 | 180 | 161 | 159 | 155 |
| Net block | - | 123 | 129 | 134 | 122 | 126 | 129 |
| Capital work in progress | - | 0.28 | 0.28 | 0.27 | 7.52 | 6.79 | 0.14 |
| Investments | - | 4.54 | 5.17 | 5.41 | 5.85 | 5.66 | 4.24 |
| Inventories | - | 14.64 | 40.02 | 43.33 | 45.93 | 44.45 | 47.49 |
| Sundry debtors | - | 20.38 | 53.18 | 63.35 | 97.07 | 78.69 | 92.96 |
| Cash & bank balances | - | 0.21 | 10.01 | 9.94 | 8.63 | 10.32 | 4.54 |
| Loans & advances | - | 28.65 | 32.77 | 36.58 | 33.72 | 22.28 | 15.11 |
| Total current assets | - | 63.88 | 136 | 153 | 185 | 156 | 160 |
| Total current liabilities | - | 43.71 | 60.18 | 64.22 | 73.21 | 77.61 | 78.28 |
| Net working capital | - | 20.17 | 75.80 | 88.98 | 112 | 78.13 | 81.82 |
| Total assets | - | 176 | 233 | 238 | 248 | 219 | 225 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 10.01 | 9.94 | 8.63 | 10.32 | 4.54 | 0.05 |
| Net cash from operating activities | - | 3.06 | 4.87 | 6.52 | (14.38) | 33.07 | 19.20 |
| Net cash from investing activities | - | 1.58 | (0.09) | (8.74) | (1.45) | (3.62) | (11.28) |
| Net cash from financing activities | - | (14.44) | (4.71) | 3.53 | 14.15 | (23.66) | (3.44) |
| Net change in cash | - | (9.80) | 0.07 | 1.31 | (1.69) | 5.78 | 4.49 |
| Closing cash | - | 0.21 | 10.01 | 9.94 | 8.63 | 10.32 | 4.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -97.1% | -69.1% | -21.3% | -23.0% | +17.9% | +21.2% | - |
| EBITDA growth | +94.3% | -1192.8% | +120.5% | -155.8% | -2.5% | -19.6% | - |
| PBT growth | +62.0% | -318.9% | +57.9% | - | -6.4% | -27.1% | -43.7% |
| Net income growth | +62.9% | -496.6% | +57.5% | -335.5% | -9.9% | -27.0% | - |
| Revenue CAGR (3Y) | -80.8% | -42.8% | -10.6% | +3.2% | +11.1% | +19.8% | +25.1% |
| EBITDA CAGR (3Y) | -49.7% | - | -51.8% | - | -18.9% | -4.6% | +16.3% |
| Profitability & leverage | |||||||
| Net income margin | -697.5% | -54.5% | -2.8% | -5.3% | +1.7% | +2.2% | +3.7% |
| Return on capital employed | - | -19.2% | -0.7% | -7.9% | +9.5% | +11.0% | +14.0% |
| Return on net worth | - | -41.5% | -5.6% | -12.1% | +4.9% | +5.8% | +8.5% |
| Debt / equity | - | 0.62 | 0.50 | 0.41 | 0.31 | 0.32 | 0.38 |
| Long-term debt / equity | - | 0.07 | 0.00 | 0.01 | 0.02 | 0.04 | 0.05 |
| Interest cover | -138.77 | -30.01 | -319.39 | -47.19 | 41.02 | 45.66 | 34.65 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.53 | 1.73 | 2.32 | 3.56 | 3.04 | 2.66 |
| Inventory turnover | - | 3.51 | 7.46 | 8.84 | 12.59 | 10.41 | 7.61 |
| Debtors turnover | - | 2.61 | 5.33 | 4.92 | 6.47 | 5.58 | 4.48 |
| EPS (₹) | (4.18) | (11.25) | (1.89) | (4.45) | 1.87 | 2.08 | 2.87 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 21.47 | 32.72 | 34.60 | 39.07 | 37.22 | 35.15 |
To see the full year-wise statements and ratios of Astron Paper & Board Mill Limited, buy the company report.
Board of directors of Astron Paper & Board Mill Limited
Astron Paper & Board Mill has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karshanbhai Hirabhai Patel Also directs: Pokar Agrotech Private Limited, Balaram Papers Private Limited | Director | 29 Dec 2010 | 15 Years 10 Months | As last reported |
| Ramakant Kantibhai Patel Also directs: Balaram Papers Private Limited | Director | 29 Dec 2010 | 15 Years 10 Months | As last reported |
| Kiritbhai Ghanshyambhai Patel Also directs: Balaram Papers Private Limited | Managing Director | 29 Dec 2010 | 15 Years 10 Months | As last reported |
| Jankiben Vimalkumar Patel Also directs: Aasthaa Debts Management Private Limited | Director | 23 Dec 2025 | 0 Years 10 Months | As last reported |
Auditor
Astron Paper & Board Mill Limited is audited by SNDK & ASSOCIATES LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNDK & ASSOCIATES LLP | FY 2025 | W100060 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 25.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 74.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 25.40% | 25.40% | 25.40% | 25.40% |
| Public | 74.60% | 74.60% | 74.60% | 74.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2023 | 100788926 | Others | ₹30 Lakh | Open | |
| 06 Sep 2023 | 100776766 | Others | ₹14.8 Lakh | Open | |
| 31 Aug 2023 | 100776769 | Others | ₹12.95 Lakh | Open | |
| 04 May 2022 | 100577617 | Others | ₹41.89 Cr | Open | |
| 19 Mar 2022 | 100557882 | Others | ₹15 Cr | Open |
To see the full charge records of Astron Paper & Board Mill Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Astron Paper & Board Mill Limited has 65 deals on record (45 market trades, 17 secondary share transfers, 2 funding rounds), with disclosed funding of ₹18.38 Cr; the latest was in August 2025.
Deals on record (5 of 65)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Market trade | ₹46 Lakh | Seller: Nakshatra Asset Ventures Limited |
| Mar 2024 | Market trade | ₹1.04 Cr | Seller: Dwarkesh Finance Limited |
| Nov 2023 | Market trade | ₹6.02 Cr | Buyer: Dwarkesh Finance Limited Seller: an individual |
| Mar 2023 | Market trade | ₹6.67 Cr | Buyer: Betarstep Trading Private Limited Seller: Vyanktesh Corrugators Private Limited |
| Dec 2022 | Market trade | ₹95 Lakh | Seller: Mitul Tradelink Private Limited |
To see the full deal history of Astron Paper & Board Mill Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Astron Paper & Board Mill Limited has 33 court cases on record: 5 filed by Astron Paper & Board Mill, 28 filed against it. 16 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 25 | 14 |
| High courts | 4 | 3 | 2 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Filed against the company by M/S Pearl Shiptrans Pvt Ltd Through Pawanjeet Singh Kalra S/O Capt. Jagveersingh Kalra | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S Santosh Starch Products Limited | Pending |
| District court, kachchh at Bhuj, Gujarat | Court case (CR EN) | Filed against the company by M/S Pearl Shiptrans Pvt Ltd Through Pawanjeet Singh Kalra S/O Capt. Jagveersingh Kalra | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Union Bank of India Through Its Authorised Officer Vinay Prasad | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Ashapura Logistics Ltd Through Its Authorised Signatory Mr. Sanjay Lodaya | Pending |
To see the full case history of Astron Paper & Board Mill Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Astron Paper & Board Mill Limited was last rated by Care on 03 Mar 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 Mar 2023 |
To see the full credit ratings and regulatory alerts of Astron Paper & Board Mill Limited, buy the company report.
MSME payment delays
Astron Paper & Board Mill Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,971 overdue payments to 189 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 189)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Garuda Pumps Private Limited | |||
| Jyoti Industries - Talod | |||
| an individual supplier | |||
| Kraft Paper Products - Joravarnagar | |||
| an individual supplier |
To see the full MSME payment records of Astron Paper & Board Mill Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Astron Paper & Board Mill has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Balaram Papers Private Limited | U21022GJ2015PTC084286 |
To see the full group structure of Astron Paper & Board Mill Limited, buy the company report.
Employees & EPFO
Astron Paper & Board Mill Limited has a workforce of 225 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
GST
Astron Paper & Board Mill has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA0517E1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Astron Paper & Board Mill Limited, buy the company report.
Recent activity
Astron Paper & Board Mill Limited has 16 board changes on record since 2010: 4 appointments and 12 cessations. The latest: Jankiben Vimalkumar Patel was appointed as Director on 23 Dec 2025.
33 earlier events are in the company report.
News
Frequently asked questions
Astron Paper & Board Mill is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Astron Paper & Board Mill is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in wood and wood products, within the wood industry. It was incorporated on 29 December 2010 and is registered under CIN L21090GJ2010PLC063428. Listed on BSE: 540824 and NSE: ASTRON. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Astron Paper & Board Mill reported revenue of ₹2.79 Cr for FY 2025-26 (down 97.1% YoY) based on consolidated financials.
Astron Paper & Board Mill has 4 current directors:
- Kiritbhai Ghanshyambhai Patel - Managing Director
- Karshanbhai Hirabhai Patel - Director
- Ramakant Kantibhai Patel - Director
- Jankiben Vimalkumar Patel - Director
The latest financial statements of Astron Paper & Board Mill on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Astron Paper & Board Mill is L21090GJ2010PLC063428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Astron Paper & Board Mill is a listed company as per MCA records. Its shares are listed on both BSE (code: 540824) and NSE (symbol: ASTRON).
Astron Paper & Board Mill has open charges of ₹271.53 Cr and satisfied charges of ₹101.97 Cr as per latest MCA filings.
Astron Paper & Board Mill has 33 court cases on record: 5 filed by the company and 28 filed against it. 16 are pending. Most are in the district courts.
Astron Paper & Board Mill was incorporated on 29 December 2010. It is registered with the Registrar of Companies, Ahmedabad.
Astron Paper & Board Mill has 65 deals on record (45 market trades, 17 secondary share transfers, 2 funding rounds), with disclosed funding of ₹18.38 Cr; the latest was in August 2025.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
