ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Astron Paper & Board Mill's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-244.45 Mil.
Astron Paper & Board Mill's average Total Assets over the quarter that ended in Mar. 2026 was ₹2,033.45 Mil. Therefore, Astron Paper & Board Mill's annualized ROA % for the quarter that ended in Mar. 2026 was -12.02%.
The historical rank and industry rank for Astron Paper & Board Mill's ROA % or its related term are showing as below:
NSE:ASTRON'
s ROA % Range Over the Past 10 Years
Min: -22.18 Med: 2.77 Max: 10.31
Current: -10.12
During the past 13 years, Astron Paper & Board Mill's highest ROA % was 10.31%. The lowest was -22.18%. And the median was 2.77%.
NSE:ASTRON's ROA % is ranked worse than 87.85% of 288
companies
in the Forest Products industry
Industry Median: 0.95
vs NSE:ASTRON: -10.12
Astron Paper & Board Mill (NSE:ASTRON) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA % Competitor Comparison
For the Paper & Paper Products subindustry, Astron Paper & Board Mill's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Astron Paper & Board Mill's ROA % distribution charts can be found below:
* The bar in red indicates where Astron Paper & Board Mill's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Astron Paper & Board Mill (NSE:ASTRON) has a ROA % of -12.02% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Astron Paper & Board Mill and its competitors. According to the industry distribution chart, Astron Paper & Board Mill ranks #253 out of 288 companies in the Forest Products industry, placing it in the top 87.8%.
Is Astron Paper & Board Mill's ROA % too high?
Astron Paper & Board Mill's current ROA % is -12.02%. Based on the distribution chart, Astron Paper & Board Mill ranks #253 out of 288 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 ROA % compare to competitors?
According to the Forest Products industry distribution chart, Astron Paper & Board Mill ranks #253 out of 288 companies for ROA %. This places Astron Paper & Board Mill in the lower half of its industry. The industry median ROA % is 0.95. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Forest Products company?
The median ROA % among Forest Products companies is 0.95, based on 288 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Astron Paper & Board Mill and its competitors. For the Forest Products industry, the median ROA % is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astron Paper & Board Mill's current ROA % is -12.02%. 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 ₹0.29, compared to a current price of ₹3.90 — trading 1244.8% above its estimated fair value. The current ROA % is -12.02%. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Astron Paper & Board Mill (NSE:ASTRON), the current ROA % is -12.02% 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 ₹3.90 is trading 1244.8% above its estimated GF Value™ of ₹0.29.
GuruFocus considers Astron Paper & Board Mill to be Significantly Overvalued.
Key valuation signals for NSE:ASTRON:
ROA %: -12.02%
GF Value™: ₹0.29 vs. price of ₹3.90 (1244.8% 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
ROA % 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 
