Astron Paper & Board Mill Ltd

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BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
50.24% Fall from 52W High
-4
TTM PE Ratio
Negative PE TTM
-8.4
Price to Book Ratio
Low in industry
0.6
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-0.2
RSI
RSI is mid-range
43.8
MFI
MFI is mid-range
64.2

Astron Paper & Board Mill Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Astron Paper & Board Mill Ltd shareholding Pattern

Promoter
27.1%
Public
72.9%
Promoter
27.1%
Public
72.9%
Promoter
27.1%
Public
72.9%
Promoter
27.1%
Public
72.9%
Promoter
27.1%
Public
72.9%
Promoter
27.1%
Public
72.9%
Foreign Institutions
0.1%
Foreign Institutions
0.2%
Mutual Funds
0.3%

Astron Paper & Board Mill Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
20.40
10Day EMA
20.50
12Day EMA
20.60
20Day EMA
20.80
26Day EMA
20.90
50Day EMA
21.90
100Day EMA
24.00
200Day EMA
26.30
5Day SMA
20.50
10Day SMA
20.50
20Day SMA
20.70
30Day SMA
21.00
50Day SMA
21.60
100Day SMA
24.80
150Day SMA
27.20
200Day SMA
28.30
Delivery & Volume
Resistance & Support
20.20
Pivot
Resistance
First Resistance
20.50
Second Resistance
20.66
Third Resistance
20.96
Support
First Support
20.04
Second support
19.74
Third Support
19.58
Relative Strength Index
43.82
Money Flow Index
64.24
MACD
-0.36
MACD Signal
-0.41
Average True Range
0.49
Average Directional Index
14.28
Rate of Change (21)
-6.44
Rate of Change (125)
-31.13
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Malu Paper Mills Ltd.
62.63
31.24
69.9
Shree Krishna Paper Mills & Industries Ltd.
-
-
-
Nath Industries Ltd.
-
-
-
Ganga Papers India Ltd.
-
-
-
Shalimar Wires Industries Ltd.
-
-
-
Shrenik Ltd.
-
-
-

Astron Paper & Board Mill Ltd Company background

Founded in: 2010
Managing director: Kirit G Patel
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 companys 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 STD40004 V2/1 Standard for COC Certification October 2011 and FSC STD40007 V20 Sourcing reclaimed materials April 2011 in respect of purchase of pre and postconsumer recycled carton boxes and manufacture of 100% FSC Recycled Kraft paper in rolls containing at 85% postconsumer 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, TaKadi, DistMehsana, 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 companys existing plant location at Halvad in Gujarat on 15 October 2018.
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Astron Paper & Board Mill Ltd FAQs

The past 1-year return of Astron Paper & Board Mill Ltd [ASTRON] share was -17.13. The Astron Paper & Board Mill Ltd [ASTRON] share hit a 1-year low of Rs. 19.05 and a 1-year high of Rs. 40.8.

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