Astron Paper & Board Mill (ASTRON) — Financial Results

Investor Takeaways

Revenue declined to ₹1.37 Cr in Q3FY25 from [amount not verified] in Q4FY24, with net loss widening to [amount context mismatch] Cr and OPM reaching -1106.57%.

Market Cap stands at [amount context mismatch] Cr with a negative P/E ratio of -0.42, indicating no profitability.

⚠️ No specific risks identified in this filing beyond ongoing legal proceedings under IBC and audit delays.

Overall Tone: Cautious based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹1.37 Cr	N/A
Net Profit	₹-27.95 Cr	N/A
EBITDA	N/A	N/A
EPS	₹-6.01	N/A
OPM	-1106.57%	N/A

What Changed

The company's financial performance has deteriorated significantly over the past four quarters. Revenue fell by 82.5% from [amount not verified] in Q4FY24 to ₹1.37 Cr in Q3FY25, while net loss expanded from ₹6.13 Cr to ₹27.95 Cr. Operating margin turned deeply negative at -1106.57% in Q3FY25, reflecting severe operational distress. The negative P/E ratio of -0.42 confirms the absence of earnings. The inability to finalize quarterly results due to audit delays and management non-cooperation, coupled with ongoing IBC proceedings, signals significant governance and compliance risks. Peer comparisons reveal a stark contrast in scale, with competitors like JK Paper holding market caps exceeding ₹6,900 Cr, while Astron's ₹21.53 Cr valuation reflects severe market skepticism.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Astron Paper & Board Mill Limited	-0.42	N/A	N/A	21.53
JK Paper Limited	10.61	N/A	N/A	6920.03
West Coast Paper Mills Limited	7.97	N/A	N/A	3085.14
Seshasayee Paper and Boards Limited	10.05	N/A	N/A	1461.6

Astron's valuation and financial metrics are materially weaker than its peers, with a market cap approximately 320 times smaller than JK Paper and a negative P/E ratio versus positive ratios for competitors.

Risks & Concerns

No specific risks identified in this filing beyond ongoing legal proceedings under the Insolvency and Bankruptcy Code and audit delays.

The company's financial distress is evident from sustained losses, negative operating margins, and inability to finalize results.

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY25	1.37	-27.95	-1106.57

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About Astron Paper & Board Mill Limited (ASTRON)

Forest Materials · Paper · Listed on NSE

Market Cap: ₹14.18 Cr ROE: -23.2% ROCE: -5.7%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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