Astron Paper & Board Mill (NSE:ASTRON) ROCE %: -17.95% (As of Mar. 2026)


NSE:ASTRON Astron Paper & Board Mill Ltd NSE:ASTRON
33 GF Score
Price ₹3.90
GF Value ₹0.29
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Astron Paper & Board Mill ROCE %?

Astron Paper & Board Mill NSE:ASTRON -2.01% 33 ROCE % is -17.95% as of Mar. 2026. GuruFocus rates NSE:ASTRON with a GF Score™ of 33/100 and a GF Value™ of ₹0.29 (Significantly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Astron Paper & Board Mill's annualized ROCE % for the quarter that ended in Mar. 2026 was -17.95%.

Astron Paper & Board Mill  (NSE:ASTRON) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Astron Paper & Board Mill ROCE % Related Terms

Astron Paper & Board Mill ROCE % Historical Data

* Premium members only.

The historical data trend for Astron Paper & Board Mill's ROCE % 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 ROCE % Chart

Astron Paper & Board Mill Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.83 -14.40 -4.13 -31.05 -9.72

Astron Paper & Board Mill Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.68 -7.59 -10.43 -3.80 -17.95
NSE:ASTRON
33GF Score
Astron Paper & Board Mill Ltd NSE:ASTRON
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Astron Paper & Board Mill ROCE % Calculation

Astron Paper & Board Mill's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=-96.237/( ( (2170.381 - 1073.708) + (2033.451 - 1150.202) )/ 2 )
=-96.237/( (1096.673+883.249)/ 2 )
=-96.237/989.961
=-9.72 %

Astron Paper & Board Mill's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-158.572/( ( (0 - 0) + (2033.451 - 1150.202) )/ 1 )
=-158.572/( ( 0 + 883.249 )/ 1 )
=-158.572/883.249
=-17.95 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -17.95% mean?
Astron Paper & Board Mill (NSE:ASTRON) has a ROCE % of -17.95% as of Mar. 2026.
Is Astron Paper & Board Mill's ROCE % too high?
Astron Paper & Board Mill's current ROCE % is -17.95%. 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 ROCE % compare to competitors?
Astron Paper & Board Mill's ROCE % of -17.95% can be compared against companies in the Forest Products industry. The industry median ROCE % is 3.38. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Forest Products company?
The median ROCE % among Forest Products companies is 3.38, based on 280 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Forest Products industry, the median ROCE % is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astron Paper & Board Mill's current ROCE % is -17.95%. 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 ROCE % is -17.95%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Astron Paper & Board Mill (NSE:ASTRON), the current ROCE % is -17.95% 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:

  • ROCE %: -17.95%
  • GF Value™: ₹0.29 vs. price of ₹3.90 (1244.8% above fair value)
  • GF Score™: 33/100 with 7 warning signs

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 Business Description

Other Exchanges 540824:India
Address S G Highway, Ganesh Meridian, D-702, 7th Floor, Opposite High Court, Ahmedabad, GJ, IND, 380060
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

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹3.90
Price
₹0.29
GF Value