Astron Paper and Board Mill

Ahmedabad, India Founded: 2010 • Age: 16 yrs Listed
Corrugated paper boxes are designed and manufactured in India.

About Astron Paper and Board Mill

Astron Paper and Board Mill is a publicly listed company based in Ahmedabad (India) founded in 2010 by Ramakant Patel, Kirit Patel, Karshanbhai Patel, and Kanubhai B Patel. Corrugated paper boxes are designed and manufactured in India. The company has 47 employees. Its Indian entity Astron Paper & Board Mill Limited reported revenue of β‚Ή2.79 Cr. Astron Paper and Board Mill offers products and services including Kraft Paper and Fluting Medium. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.

Company details

Astron Paper and Board Mill designs and manufactures corrugated paper boxes through industrial goods and manufacturing, and manufacturing services. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.

  • Headquarters Ahmedabad, India
  • Employees 47
  • Founders Ramakant Patel, Kirit Patel, Karshanbhai Patel, Kanubhai B Patel
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website astronpaper.com
  • Social LinkedIn Facebook Instagram
  • Legal Name Astron Paper & Board Mill Ltd.
Key Metrics
  • Market Cap
    ₹12.00 Cr

    ASTRON · NSE

  • Share Price
    ₹2.63

    +1.94% today

  • Revenue
    ₹2.79 Cr

    FY 2025-26 · -97.1% YoY

  • EBITDA
    −₹2.48 Cr

    Margin -88.9%

  • Net Profit
    −₹21.19 Cr

    FY 2025-26 · +62.8% YoY

  • Employee Count
    47

Products & Services of Astron Paper and Board Mill

Astron Paper and Board Mill offers a comprehensive portfolio of products and services, including Kraft Paper and Fluting Medium.

Kraft Paper
Packaging Materials

Recycled corrugated paper is manufactured for packaging applications, with a focus on sustainability and compliance with regulations.

Fluting Medium
Packaging Materials

Chemical Fluting Media ranging from 80 GSM to 180 GSM is planned to be produced to expand product offerings.

Board of directors of Astron Paper & Board Mill Limited (Astron Paper and Board Mill)

Astron Paper & Board Mill Limited is the primary company behind Astron Paper and Board Mill. The board of Astron Paper & Board Mill Limited currently have 4 directors; the longest-serving is Karshanbhai Hirabhai Patel, appointed in 2010. 18 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Karshanbhai Hirabhai Patel
DIN 00048167
Director29 Dec 201015 yrs 10 moAstron Paper & Board Mill Limited
Ramakant Kantibhai Patel
DIN 00233423
Director29 Dec 201015 yrs 10 moAstron Paper & Board Mill Limited
Kiritbhai Ghanshyambhai Patel
DIN 03353684
Managing Director29 Dec 201015 yrs 10 moAstron Paper & Board Mill Limited
Jankiben Vimalkumar Patel
DIN 09183490
Director23 Dec 202510 moAstron Paper & Board Mill Limited

People of Astron Paper and Board Mill

4 people are tracked at Astron Paper and Board Mill (4 in leadership); the tracked headcount is 47.

NameRoleGroup
FounderLeadership
Kirit Patel
Founder & Managing DirectorLeadership
FounderLeadership
Kanubhai B Patel
FounderLeadership
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Complete people profiles for Astron Paper and Board Mill

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  • Team structure
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IPO & Listings of Astron Paper and Board Mill

Astron Paper and Board Mill is a publicly listed company on the NSE with ticker symbol ASTRON in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Dec 2017
  • Listed onNSE: ASTRON
  • Listed entityAstron Paper & Board Mill Ltd.
  • Exchange sectorProcess industries
  • ISININE646X01014
  • Share price₹2.91 (+2.46% on the day) · 2026-10-14
  • Market capitalisation₹13.0 Cr
  • EPS (diluted, trailing year)₹-4.55
  • Volume (last session)38,498

Financials of Astron Paper and Board Mill

Exchange-reported figures of Astron Paper & Board Mill Limited, the listed company behind Astron Paper and Board Mill (NSE: ASTRON).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹2.79 Cr
-97.1% YoY
EBITDA
−₹2.48 Cr
+92.6% YoY
Profit After Tax
−₹21.19 Cr
+62.8% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2.7996.23311395513435359
Revenue growth-97.1%-69.0%-21.3%-23.0%+17.9%+21.2%-
EBITDA(2.48)(33.73)2.09(17.53)27.7831.7735.81
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)12.2915.5119.61
Net profit(21.19)(56.92)(11.19)(23.95)8.2310.3113.27
Net profit margin-759.5%-59.2%-3.6%-6.1%+1.6%+2.4%+3.7%
EPS (β‚Ή)(4.56)(12.20)(2.41)(5.15)1.742.202.85
Balance sheet
Total assets-170231244261234239
Net worth-91.32148159184176166
Total debt-77.9982.8684.4476.4757.7272.96
Cash & bank-0.2810.3410.238.9310.665.08
Net working capital-25.7475.2286.6111784.2484.70
Cash flow
Cash from operations-3.9711.9011.15(9.91)34.8527.51
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)
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue0.071.450.001.280.881.3735.5558.43
Revenue growth (YoY)-92.1%+5.8%-100.0%-97.8%-98.9%---
Other income0.000.000.000.000.110.000.110.25
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%
Depreciation1.731.771.771.891.741.791.791.91
Interest2.154.102.133.183.532.913.052.70
Profit before tax(6.12)(5.05)(4.75)(5.27)(7.28)(19.87)(12.09)(13.44)
Tax0.000.000.000.004.058.09(4.16)(3.93)
Net profit(6.12)(5.05)(4.75)(5.27)(11.33)(27.96)(7.93)(9.51)
EPS (β‚Ή)(1.31)(1.09)(1.02)(1.13)(2.45)(6.01)(1.70)(2.05)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2.7995.95311395513435359
Revenue growth-97.1%-69.1%-21.3%-23.0%+17.9%+21.2%-
EBITDA(1.90)(33.44)3.06(14.91)26.7027.3734.03
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)13.8014.7420.22
Net profit(19.46)(52.50)(8.80)(20.72)8.809.7713.38
Net profit margin-697.5%-54.7%-2.8%-5.3%+1.7%+2.3%+3.7%
EPS (β‚Ή)(4.18)(11.25)(1.89)(4.45)1.872.082.87
Balance sheet
Total assets-176233238248219225
Net worth-99.84152161182173163
Total debt-76.0780.0076.2665.5545.1061.10
Cash & bank-0.2110.019.948.6310.324.54
Net working capital-20.1775.8088.9811278.1381.82
Cash flow
Cash from operations-3.064.876.52(14.38)33.0719.20
Cash from investing-1.58(0.09)(8.74)(1.45)(3.62)(11.28)
Cash from financing-(14.44)(4.71)3.5314.15(23.66)(3.44)
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue0.071.450.001.280.881.3635.5658.15
Revenue growth (YoY)-92.1%+6.6%-100.0%-97.8%-98.9%---
Other income0.000.000.000.000.090.000.120.71
Total expenses1.970.420.851.452.9416.4942.8467.12
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%
Depreciation1.501.541.541.661.521.561.561.68
Interest2.153.942.103.133.412.903.442.63
Profit before tax(5.55)(4.45)(4.49)(4.96)(6.90)(19.59)(12.16)(12.57)
Tax0.000.000.000.001.066.59(2.92)(3.68)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue0.071.450.001.280.881.3735.5558.43
Revenue growth (YoY)-92.1%+5.8%-100.0%-97.8%-98.9%---
Other income0.000.000.000.000.110.000.110.25
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%
Depreciation1.731.771.771.891.741.791.791.91
Interest2.154.102.133.183.532.913.052.70
Profit before tax(6.12)(5.05)(4.75)(5.27)(7.28)(19.87)(12.09)(13.44)
Tax0.000.000.000.004.058.09(4.16)(3.93)
Net profit(6.12)(5.05)(4.75)(5.27)(11.33)(27.96)(7.93)(9.51)
EPS (β‚Ή)(1.31)(1.09)(1.02)(1.13)(2.45)(6.01)(1.70)(2.05)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2.7996.23311395513435359
Revenue growth-97.1%-69.0%-21.3%-23.0%+17.9%+21.2%-
Other income0.000.470.800.761.171.931.37
Total expenses5.27130309412485403323
Employee cost0.006.8114.7516.4318.9119.3518.37
EBITDA(2.48)(33.73)2.09(17.53)27.7831.7735.81
EBITDA margin-88.9%-35.1%+0.7%-4.4%+5.4%+7.3%+10.0%
Depreciation7.157.227.276.847.006.926.22
Interest11.5612.1811.2310.969.6611.2711.35
Profit before tax(21.19)(52.66)(15.61)(34.57)12.2915.5119.61
Tax0.004.05(4.41)(10.62)4.185.296.38
Net profit(21.19)(56.92)(11.19)(23.95)8.2310.3113.27
Net profit margin-759.5%-59.2%-3.6%-6.1%+1.6%+2.4%+3.7%
EPS (β‚Ή)(4.56)(12.20)(2.41)(5.15)1.742.202.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-46.5046.5046.5046.5046.5046.50
Reserves & surplus-44.82102113137129119
Shareholders' funds (net worth)-91.32148159184176166
Minority interest-0.000.000.000.000.000.00
Secured loans-77.7582.6284.2076.2357.4862.87
Unsecured loans-0.240.240.240.240.2410.09
Total debt-77.9982.8684.4476.4757.7272.96
Total liabilities-170231244261234239
Assets
Gross block-206206205187184180
Net block-142150155144149151
Capital work in progress-0.280.280.277.526.790.14
Investments-0.511.141.371.811.620.96
Inventories-18.0743.4546.9049.8346.6149.51
Sundry debtors-21.9054.6364.8198.5380.1594.60
Cash & bank balances-0.2810.3410.238.9310.665.08
Loans & advances-32.6629.5732.1238.1526.7318.20
Total current assets-72.91138154195164167
Total current liabilities-47.1762.7767.4578.6779.9182.69
Net working capital-25.7475.2286.6111784.2484.70
Total assets-170231244261234239
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-10.3410.238.9310.665.080.40
Net cash from operating activities-3.9711.9011.15(9.91)34.8527.51
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)0.111.30(1.72)5.584.68
Closing cash-0.2810.3410.238.9310.665.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-0.670.540.470.370.380.44
Long-term debt / equity-0.080.020.030.060.080.10
Interest cover-120.04-29.74-216.80-44.9746.4945.3538.36
Efficiency & per share
Fixed asset turnover-0.471.512.013.072.632.33
Inventory turnover-3.136.888.1611.809.967.34
Debtors turnover-2.515.204.836.375.484.40
EPS (β‚Ή)(4.56)(12.20)(2.41)(5.15)1.742.202.85
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.0019.6431.8434.2439.5137.7835.60
ParticularsMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue0.071.450.001.280.881.3635.5658.15
Revenue growth (YoY)-92.1%+6.6%-100.0%-97.8%-98.9%---
Other income0.000.000.000.000.090.000.120.71
Total expenses1.970.420.851.452.9416.4942.8467.12
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%
Depreciation1.501.541.541.661.521.561.561.68
Interest2.153.942.103.133.412.903.442.63
Profit before tax(5.55)(4.45)(4.49)(4.96)(6.90)(19.59)(12.16)(12.57)
Tax0.000.000.000.001.066.59(2.92)(3.68)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2.7995.95311395513435359
Revenue growth-97.1%-69.1%-21.3%-23.0%+17.9%+21.2%-
Other income0.000.461.611.651.653.151.51
Total expenses4.69129308410486408325
Employee cost0.006.7314.4514.2515.7216.5215.63
EBITDA(1.90)(33.44)3.06(14.91)26.7027.3734.03
EBITDA margin-68.1%-34.9%+1.0%-3.8%+5.2%+6.3%+9.5%
Depreciation6.256.326.365.946.106.045.40
Interest11.3111.9310.549.848.459.749.92
Profit before tax(19.46)(51.23)(12.23)(29.04)13.8014.7420.22
Tax0.001.06(3.45)(8.32)5.115.056.88
Net profit(19.46)(52.50)(8.80)(20.72)8.809.7713.38
Net profit margin-697.5%-54.7%-2.8%-5.3%+1.7%+2.3%+3.7%
EPS (β‚Ή)(4.18)(11.25)(1.89)(4.45)1.872.082.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-46.5046.5046.5046.5046.5046.50
Reserves & surplus-53.34106114135127117
Shareholders' funds (net worth)-99.84152161182173163
Secured loans-76.0780.0076.2665.5545.109.41
Unsecured loans-0.000.000.000.000.0051.69
Total debt-76.0780.0076.2665.5545.1061.10
Total liabilities-176233238248219225
Assets
Gross block-180180180161159155
Net block-123129134122126129
Capital work in progress-0.280.280.277.526.790.14
Investments-4.545.175.415.855.664.24
Inventories-14.6440.0243.3345.9344.4547.49
Sundry debtors-20.3853.1863.3597.0778.6992.96
Cash & bank balances-0.2110.019.948.6310.324.54
Loans & advances-28.6532.7736.5833.7222.2815.11
Total current assets-63.88136153185156160
Total current liabilities-43.7160.1864.2273.2177.6178.28
Net working capital-20.1775.8088.9811278.1381.82
Total assets-176233238248219225
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-10.019.948.6310.324.540.05
Net cash from operating activities-3.064.876.52(14.38)33.0719.20
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)3.5314.15(23.66)(3.44)
Net change in cash-(9.80)0.071.31(1.69)5.784.49
Closing cash-0.2110.019.948.6310.324.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-0.620.500.410.310.320.38
Long-term debt / equity-0.070.000.010.020.040.05
Interest cover-138.77-30.01-319.39-47.1941.0245.6634.65
Efficiency & per share
Fixed asset turnover-0.531.732.323.563.042.66
Inventory turnover-3.517.468.8412.5910.417.61
Debtors turnover-2.615.334.926.475.584.48
EPS (β‚Ή)(4.18)(11.25)(1.89)(4.45)1.872.082.87
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.0021.4732.7234.6039.0737.2235.15

Web traffic of Astron Paper and Board Mill

The website of Astron Paper and Board Mill (astronpaper.com) receives about 1.7K visits a month.

  • Monthly visits
    1.7K

    ▲ 27.6% vs previous month

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Frequently Asked Questions about Astron Paper and Board Mill

Astron Paper and Board Mill was founded in 2010.

Astron Paper and Board Mill is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Astron Paper and Board Mill has 47 employees.

The primary company behind Astron Paper and Board Mill, Astron Paper & Board Mill Limited, reported revenue of β‚Ή2.79 Cr for FY 2026, down 97% year on year.

Astron Paper and Board Mill designs and manufactures corrugated paper boxes through industrial goods and manufacturing, and manufacturing services. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.

Astron Paper and Board Mill offers Kraft Paper and Fluting Medium.

Yes, Astron Paper and Board Mill is publicly traded on NSE under the ticker symbol ASTRON.

Astron Paper and Board Mill operates through Astron Paper & Board Mill Limited.

The legal entities of Astron Paper and Board Mill currently have 5 directors, including Karshanbhai Hirabhai Patel, Ramakant Kantibhai Patel, Kiritbhai Ghanshyambhai Patel and others.

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