Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Astron Paper & Board Mill's net current asset value per share for the quarter that ended in Mar. 2026 was ₹-14.64.
The historical rank and industry rank for Astron Paper & Board Mill's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Astron Paper & Board Mill was 70.45. The lowest was 6.93. And the median was 29.83.
NSE:ASTRON's Price-to-Net-Current-Asset-Value is not ranked *
in the Forest Products industry.
Industry Median: 3.045 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Astron Paper & Board Mill (NSE:ASTRON) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Astron Paper & Board Mill Net Current Asset Value Related Terms
Astron Paper & Board Mill Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Astron Paper & Board Mill's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Astron Paper & Board Mill Net Current Asset Value Chart
Astron Paper & Board Mill Net Current Asset Value Competitor Comparison
For the Paper & Paper Products subindustry, Astron Paper & Board Mill's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Astron Paper & Board Mill Price-to-Net-Current-Asset-Value vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Astron Paper & Board Mill's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Astron Paper & Board Mill's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of ₹-14.64 mean?
Astron Paper & Board Mill (NSE:ASTRON) has a Net Current Asset Value of ₹-14.64 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Astron Paper & Board Mill and its competitors. Over the past decade, Astron Paper & Board Mill's Net Current Asset Value has ranged from 6.93 to 70.45. According to the industry distribution chart, Astron Paper & Board Mill ranks #999999 out of 126 companies in the Forest Products industry.
Is Astron Paper & Board Mill's Net Current Asset Value too high?
Astron Paper & Board Mill's current Net Current Asset Value is ₹-14.64. Over the past 10 years, this metric has ranged from a low of 6.93 to a high of 70.45. Based on the distribution chart, Astron Paper & Board Mill ranks #999999 out of 126 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Astron Paper & Board Mill has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astron Paper & Board Mill's Net Current Asset Value compare to competitors?
According to the Forest Products industry distribution chart, Astron Paper & Board Mill ranks #999999 out of 126 companies for Net Current Asset Value. This places Astron Paper & Board Mill in the lower half of its industry. The industry median Net Current Asset Value is 3.05. Historically, Astron Paper & Board Mill's own Net Current Asset Value has ranged from 6.93 to 70.45 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Forest Products company?
The median Net Current Asset Value among Forest Products companies is 3.05, based on 126 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Astron Paper & Board Mill and its competitors. For the Forest Products industry, the median Net Current Asset Value is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astron Paper & Board Mill's current Net Current Asset Value is ₹-14.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astron Paper & Board Mill stock overvalued right now?
Based on GuruFocus' analysis, Astron Paper & Board Mill (NSE:ASTRON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.28, compared to a current price of ₹3.74 — trading 1235.7% above its estimated fair value. The current Net Current Asset Value is ₹-14.64. Astron Paper & Board Mill's overall GF Score™ is 33/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Astron Paper & Board Mill (NSE:ASTRON), the current Net Current Asset Value is ₹-14.64 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Astron Paper & Board Mill (NSE:ASTRON) Overvalued in 2026?
Based on GuruFocus' analysis, Astron Paper & Board Mill stock appears to be overvalued.
The current stock price of ₹3.74 is trading 1235.7% above its estimated GF Value™ of ₹0.28.
GuruFocus considers Astron Paper & Board Mill to be Significantly Overvalued.
Key valuation signals for NSE:ASTRON:
Net Current Asset Value: ₹-14.64
GF Value™: ₹0.28 vs. price of ₹3.74 (1235.7% above fair value)
No single metric tells the full story. See the NSE:ASTRON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astron Paper & Board Mill Ltd is a prominent Indian company specializing in the manufacturing of recycled corrugated paper and Kraft paper derived from waste paper. The company mainly focuses on producing a wide range of Kraft papers that serve various packaging needs. Its product portfolio includes varied products like VTL, High RCT, Kraft Liner, Test Liner, and Corrugated Medium Paper, ranging mainly from 80 GSM to 350 GSM and 16 to 40 BF. The company's dominant source of income is from the sale of Kraft paper.
33GF Score
Get the complete analysis for NSE:ASTRON
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:ASTRON has been successfully added to your 
