Astron Paper & Board Mill Ltd. share price target

Ongoing Pandemic surrounding all around has impacted demand for paper and paper boards which is likely to witness a 10-15 % Y-o-Y decline in 2020-21. In addition to this, the industry is also grappling with shortage of raw material and limited availability of labor, which are affecting capacity utilization. Besides, exports have also fallen to some extent. Though, expects a demand recovery in the second quarter with resumption of education and corporate sectors, driving demand for writing and printing paper and a gradual normalization of manufacturing and logistics, pushing packaging demand. If we take growth triggers into consideration, company...

Setting up of additional facility for manufacturing of Kraft Paper with lower GSM ranging from 80 to 180 GSM and lower B.F ranging from 12 B.F to 20 B.F (Rs. 23.0 cr.); Part repayment of unsecured loan availed by the Company (Rs. 8.1 cr.);...

Incorporated in 2010, Astron Paper & Board Mill Ltd is Ahmadabad based manufacturer of Kraft paper, also known as paperboard or cardboard. The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers. It has manufacturing facility in Halvad, Gujarat. Company uses waste paper as raw material. It has Triple Wire Machine with a daily capacity of 350 MT along with daily pulp mill capacity of 400 MT. It is ISO 9001-2008,...

Incorporated in 2010, Astron Paper & Board Mill Ltd is Ahmadabad based manufacturer of Kraft paper, also known as paperboard or cardboard. The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers. It has manufacturing facility in Halvad, Gujarat. Company uses waste paper as raw material. It has Triple Wire Machine with a daily capacity of 350 MT along with daily pulp mill capacity of 400 MT. It is ISO 9001-2008,...