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Astron Paper & Board Mill
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Astron Paper & Board Mill Limited is engaged in manufacturing of Kraft paper. The company makes the full range of Kraft paper ranging from GSM 80 to 350 GSM with 22 -35 BF. Within a short span of time, the Company has developed a name for itself in kraft paper industry and it has been able to establish a brand associated with qualitative and comprehensive range of kraft papers.
The Company mainly caters to packaging industry and has been able to develop a loyal clientele network consisting of various packaging companies and MNCs. Currently the company is operating in domestic markets with their products being supplied on pan India basis. The company has 4 manufacturing units with overall capacity of 174600 MT at three locations in Gujarat. The Company is promoted by Kirit G Patel, Ramakant Patel, Karshanbhai Patel and Asian Granito (India) Limited.
Astron Paper & Board Mill Limited was incorporated as a public limited company on December 29, 2010 in Gujarat. The company obtained the certificate of commencement of business on 3 February 2011 from the Registrar of Companies, Gujarat at Ahmedabad.
In 2012, the company commenced commercial production. The company's turnover crossed Rs 100 crore mark during the financial year ended 31 March 2014.
In 2014, the company received ISO 9001: 2008 and ISO 14001: 2004 certification in respect of manufacture and dispatch of Kraft paper. During the year under review, the company received FSC- STD-40-004 V2/1 Standard for COC Certification - October 2011 and FSC- STD-40-007 V2-0 Sourcing reclaimed materials - April 2011 in respect of purchase of pre and post-consumer recycled carton boxes and manufacture of 100% FSC Recycled Kraft paper in rolls containing at 85% post-consumer material under percentage system.
In 2016, the company received Authorised Economic operator- T1 certificate.
In 2017, the company received permission for availing Direct Port Delivery facility.
On 21/06/2017 the company filed Draft Red Herring Prospectus and on 13/12/2017 filed Red Herring Prospectus with SEBI for raising Rs. 69.83 cr. The Issue dates were from 15/12/2017 to 20/12/2017 with Price Band of Rs. 45 to Rs. 50. The Issue got subscribed 241.14 times leading to its Issue Price being fixed at Rs. 50. The Shares got listed in BSE and NSE on 29/12/2017 at Rs. 114 which is 128% above Issue Price.
The company acquired a Kraft paper plant located at Bhuj, having capacity of 24000 MT/Year in an auction from Union Bank of India in December 2017 and commenced commercial production in February, 2018.
On 23 April 2018, Astron Paper & Board Mill Limited informed the stock exchanges that the company has entered in to MOU with the promoters of Balaram Papers Pvt. Ltd to take over the existing plant located at Ganeshpura, Ta-Kadi, Dist-Mehsana, Gujarat and the details of purchase consideration & modus operandi will be intimated as soon as it is finalised.
The Board of Directors of Astron Paper & Board Mill Limited at its meeting held on 23 July 2018 approved investment in equity shares of Balaram Papers Private Limited by way of acquiring 40.35 lakh equity shares. After such investment, Balaram Papers Private Limited becomes the wholly owned subsidiary company of Astron Paper & Board Mill Limited subject to share transfer process and all other legal formalities.
A new line PM2 with installed capacity of 33,000 MT per annum of Kraft paper commenced operations at the company's existing plant location at Halvad in Gujarat on 15 October 2018.
Astron Paper & Board Mill share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Astron Paper & Board Mill indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Astron Paper & Board Mill is valued compared to its competitors.
Astron Paper & Board Mill PE ratio helps investors understand what is the market value of each stock compared to Astron Paper & Board Mill 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Astron Paper & Board Mill evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Astron Paper & Board Mill generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Astron Paper & Board Mill in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Astron Paper & Board Mill shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Astron Paper & Board Mill compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Astron Paper & Board Mill over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Astron Paper & Board Mill helps investors get an insight into when they can enter or exit the stock. Key components of Astron Paper & Board Mill Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Astron Paper & Board Mill shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Astron Paper & Board Mill ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Astron Paper & Board Mill provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Astron Paper & Board Mill highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Astron Paper & Board Mill .
The balance sheet presents a snapshot of Astron Paper & Board Mill ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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