Ashapura Minechem Ltd

₹ 706 -0.36%

16 Jun - close price

ashapura.com BSE: 527001 NSE: ASHAPURMIN

About

Incorporated on 19th February 1982, Ashapura Minechem Ltd. is engaged in the mining, manufacturing and trading of various minerals and its derivative products. The company offers multi-mineral solutions across several industries from soaps to steel, energy to edible oils, metal to medicine and cement to ceramics. The company has its network of operations pan-India and in 7 other countries.^[1]^[2]

Key Points

Product Portfolio:^[1]
The Company is principally involved in mining, mineral processing, and logistics. Nearly all of the company’s products are natural ores or additives that form a part of the end-product, viz.^[2]
a. Industrial Functional Minerals:
b. Advanced Refractory Materials
c. Hydrocarbon Exploration Solutions
d. Adsorbent Solutions
e. White Performance Minerals
f. Super Specialty Refined Mineral Products
g. Building Materials and Chemicals

Website BSE NSE

Market Cap ₹ 6,752 Cr.
Current Price ₹ 706
High / Low ₹ 925 / 377
Stock P/E 43.2
Book Value ₹ 47.9
Dividend Yield 0.14 %
ROCE 36.6 %
ROE 40.6 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company has delivered good profit growth of 33.8% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 43.8%

Cons

Stock is trading at 14.7 times its book value
Tax rate seems low
Company has high debtors of 269 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Metals & Mining Minerals & Mining Industrial Minerals

Part of Nifty Microcap 250 Nifty Total Market Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	47	91	67	97	79	78	74	97	123	106	87	121	118
	41	52	58	68	68	54	62	78	105	65	65	93	73
Operating Profit	6	39	8	30	10	23	12	19	18	42	22	28	45
OPM %	12%	43%	13%	30%	13%	30%	16%	20%	15%	39%	25%	23%	38%
	10	4	15	11	58	2	5	6	2	4	14	4	16
Interest	5	4	3	3	3	2	2	2	1	3	3	3	3
Depreciation	3	3	3	3	3	3	2	2	2	2	3	2	2
Profit before tax	9	36	18	35	63	21	13	22	16	40	30	26	56
Tax %	14%	-18%	-7%	-6%	-9%	-16%	-11%	-20%	-23%	25%	-116%	27%	26%
	8	42	19	37	68	24	14	26	20	30	65	19	41
EPS in Rs	0.83	4.62	2.07	4.03	7.47	2.62	1.49	2.73	2.13	3.12	6.76	2.01	4.30
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	749	592	236	239	337	206	421	598	223	333	372	432
	626	520	272	268	630	242	341	590	228	245	298	296
Operating Profit	124	73	-37	-29	-292	-37	80	8	-6	88	73	136
OPM %	17%	12%	-16%	-12%	-87%	-18%	19%	1%	-2%	26%	20%	32%
	-222	22	12	-5	250	465	41	26	38	88	15	37
Interest	10	9	10	11	10	14	35	30	23	15	7	12
Depreciation	16	20	24	24	23	21	20	20	15	10	9	10
Profit before tax	-124	65	-59	-69	-74	393	66	-16	-6	151	72	152
Tax %	-0%	-0%	-0%	-0%	-0%	-0%	16%	-0%	20%	-10%	-18%	-2%
	-124	65	-59	-69	-74	393	56	-16	-7	166	85	155
EPS in Rs	-14.25	7.44	-6.78	-7.90	-8.54	45.22	6.40	-1.71	-0.77	18.19	8.85	16.19
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%	8%	-29%	-0%	-0%	11%	12%

Compounded Sales Growth
10 Years:	-3%
5 Years:	1%
3 Years:	25%
TTM:	16%

Compounded Profit Growth
10 Years:	12%
5 Years:	34%
3 Years:	224%
TTM:	85%

Stock Price CAGR
10 Years:	27%
5 Years:	35%
3 Years:	75%
1 Year:	82%

Return on Equity
10 Years:	%
5 Years:	37%
3 Years:	44%
Last Year:	41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	17	17	17	17	17	17	18	18	18	19	19
Reserves	-288	-223	-276	-344	-419	-21	34	18	16	181	294	439
	92	78	67	58	45	93	86	68	55	45	78	56
	888	920	891	904	951	497	545	541	496	317	318	264
Total Liabilities	710	792	699	636	595	587	682	646	586	561	709	777
	142	189	234	218	197	181	164	148	126	114	112	111
CWIP	9	49	2	5	7	3	1	3	2	6	7	8
Investments	39	39	44	44	31	44	44	40	40	40	40	40
	520	515	418	369	360	358	474	456	418	402	550	619
Total Assets	710	792	699	636	595	587	682	646	586	561	709	777

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	52	146	16	-46	17	-1	40	41	38	-13	-46	75
	-20	-102	-14	-5	15	-15	4	-2	1	33	-2	-5
	-29	-48	-8	50	-20	15	-51	-41	-27	-27	54	-43
Net Cash Flow	3	-3	-6	-0	12	-1	-7	-2	12	-7	5	27
Free Cash Flow	24	39	-7	-56	15	-5	39	37	34	14	-54	65
CFO/OP	43%	204%	-49%	156%	-6%	-1%	53%	580%	-739%	-11%	-68%	54%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	97	114	214	109	77	196	185	94	192	143	241	269
Inventory Days	287	282	259	403	309	391	255	135	542	396	273	236
Days Payable	137	219	149	126	157	183	253	125	265	264	215	134
Cash Conversion Cycle	247	177	324	387	229	404	187	104	468	275	299	371
Working Capital Days	-273	-346	-950	-716	-730	178	109	28	183	159	264	288
ROCE %							72%	12%	20%	54%	25%	37%

Insights

In beta

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Jun 2027 (P)

Bentonite Sales Value (as % of Turnover)
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Export Contribution to Total Turnover
%

Permanent Employees (Standalone)
Number

Bleaching Earth Sales Value (as % of Turnover)
%

Bauxite Export/Production Volume
Million Metric Tons

Guinea Port Handling Capacity
Million Metric Tons

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	45.33%	45.33%	45.33%	45.39%	45.39%	47.70%	47.70%	47.76%	47.76%	47.79%	47.88%	48.03%
	17.09%	18.03%	17.56%	17.24%	16.45%	15.72%	16.00%	16.56%	16.42%	18.02%	19.25%	19.50%
	0.14%	0.19%	0.18%	0.48%	0.45%	0.13%	0.14%	0.38%	0.26%	0.35%	0.38%	0.33%
	37.43%	36.44%	36.92%	36.89%	37.71%	36.44%	36.14%	35.31%	35.57%	33.83%	32.49%	32.13%
No. of Shareholders	25,557	27,466	31,091	30,415	29,928	33,974	30,705	32,289	33,267	36,096	39,757	43,255

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48.43%	39.78%	39.78%	39.78%	41.42%	44.58%	45.33%	45.39%	47.76%	48.03%
	23.26%	23.92%	23.98%	23.77%	22.93%	20.60%	16.99%	17.24%	16.56%	19.50%
	0.25%	0.76%	0.16%	0.16%	0.15%	0.14%	0.14%	0.48%	0.38%	0.33%
	28.06%	35.53%	36.07%	36.29%	35.49%	34.68%	37.53%	36.89%	35.31%	32.13%
No. of Shareholders	19,086	24,342	24,159	21,654	22,375	23,667	26,214	30,415	32,289	43,255

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Ashapura Minechem Ltd

Ashapura Minechem Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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