Astron Paper & Board Mill

What Astron Paper & Board Mill does

Astron Paper & Board Mill is an India-based, publicly listed (BSE: 540824) manufacturer of Kraft paper, paperboard, and cardboard, headquartered in Ahmedabad and founded in 2010. The company historically operated with a workforce of 501-1,000 employees and served industrial and commercial buyers of paper and paperboard products through direct hardware sales of its manufactured output. Its core activity is converting pulp/raw paper inputs into finished Kraft paper grades sold to downstream packaging and industrial customers; no proprietary technology, brand portfolio, or specialty product differentiation is disclosed in available sources, suggesting a commodity positioning within the Indian paper sector.

The company's reported FY2026 financial results indicate a severe operational disruption. Full-year sales collapsed 97.10% to Rs 2.79 crore from Rs 96.23 crore in the prior year, and Q4 FY2026 quarterly sales printed at only Rs 0.07 crore, implying near-total production cessation in the most recent reporting period. Despite the revenue collapse, the company remains an active filer of consolidated quarterly results: annual net loss narrowed 62.7% to Rs 21.18 crore (from Rs 56.71 crore), and Q4 net loss improved 46% year-over-year to Rs 6.11 crore, indicating aggressive cost rationalization and balance sheet preservation rather than a going-concern shutdown.

The combination of a public listing, ongoing regulatory reporting, and continued but heavily curtailed operations suggests the business is in a restructuring or asset-preservation phase rather than steady-state manufacturing. No customer logos, distribution channels, geographic markets, partnerships, certifications, or pricing details are disclosed in the input data, which materially limits visibility into the demand environment, customer base, and path to operational recovery.

Name

Astron Paper & Board Mill

Website

https://astronpaper.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Astron Paper & Board Mill is a publicly listed Indian manufacturer (BSE: 540824), founded in 2010 in Ahmedabad, producing Kraft paper, paperboard, and cardboard for industrial and commercial buyers. FY2026 sales collapsed 97% to Rs 2.79 crore, indicating severe operational contraction.

Ownership category

akta.pro rank

Product category

Kraft Paper and Paperboard Manufacturing

NAICS

Paperboard Mills (32213), Pulp, Paper, and Paperboard Mills (3221)

SIC

Paperboard Mills (2631), Paper Mills (2621)

akta.pro primary industry

Solid Unbleached Sulfate (SUS) Paperboard Manufacturing (IMAMAFAG)

akta.pro secondary industry

Paperboard Sheet & Roll Converting (Slitting/Sheeting/Rewinding) (IMAMAFAM)

Keywords

• Kraft paper manufacturing
• Paperboard production
• Industrial paperboard
• Cardboard manufacturing
• Packaging paper materials

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Paper and Board Products Sales: Revenue from manufacturing and selling paper and paperboard products. The company experienced severe sales contraction with full-year sales dropping 97.10% to Rs 2.79 crore from Rs 96.23 crore, indicating significant operational challenges.

Core offering

Astron Paper & Board Mill manufactures Kraft paper, also known as paperboard or cardboard. The company produces paper and paperboard products sold to industrial and commercial buyers, with operations based in Ahmedabad, India.

Differentiator

Problem solved

Functional benefit

Products and services

• Kraft Paper
• Paperboard / Cardboard

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Direct peers

• Century Pulp & Paper (Century Textiles): Indian manufacturer of writing/printing papers and packaging board under the Century brand. Directly comparable as a listed Indian paperboard mill serving overlapping commercial/industrial customers.
• Emami Paper Mills: Indian paper manufacturer producing newsprint, writing/printing paper, and packaging board. Directly comparable to Astron as a listed Indian kraft-based paper and paperboard producer.
• International Paper APPM: India-based subsidiary of International Paper producing writing/printing papers and paperboard. Comparable as an Indian kraft/paperboard manufacturer serving similar commercial channels.
• JK Paper: Leading Indian paper manufacturer with operations in paperboard, packaging board, and办公/printing papers. Closely comparable to Astron as a listed Indian paperboard producer of similar customer profile.
• West Coast Paper Mills: One of India's largest paper and paperboard manufacturers, producing writing, printing, and packaging paperboard. Directly comparable to Astron as a listed Indian kraft/paperboard mill serving industrial and commercial buyers.
• Seshasayee Paper and Boards: Indian manufacturer specializing in printing, writing, and packaging paperboard. A small/mid-cap listed Indian paperboard peer most directly comparable to Astron in scale and product mix.
• Tamil Nadu Newsprint and Papers (TNPL): Major Indian integrated paper and paperboard manufacturer producing printing/writing papers and packaging board. Comparable as a publicly listed Indian kraft and packaging paperboard peer.
• Ballarpur Industries (BILT): Historic Indian paper and paperboard manufacturer (currently under insolvency) producing writing/printing and packaging paperboard. Relevant peer given Astron's distressed operational profile.

Broad incumbents

• Mondi Group: Global integrated paper and packaging group with significant kraft paperboard operations. Comparable as a broad incumbent in the same kraft paperboard category Astron serves.
• Orient Paper & Industries: CK Birla-group company with paper, paperboard, and diversified operations. Comparable as an established Indian listed paperboard producer, though broader in scope than Astron.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Astron Paper & Board Mill