Ashapura Minechem Ltd
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]
- Market Cap ₹ 3,833 Cr.
- Current Price ₹ 418
- High / Low ₹ 420 / 72.2
- Stock P/E 63.8
- Book Value ₹ 9.41
- Dividend Yield 0.00 %
- ROCE 20.3 %
- ROE -15.9 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 44.4 times its book value
- The company has delivered a poor sales growth of -1.42% over past five years.
- Promoters have pledged 30.7% of their holding.
- Earnings include an other income of Rs.42.6 Cr.
- Company has high debtors of 194 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 140 days to 252 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
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
428 | 478 | 664 | 749 | 592 | 236 | 239 | 337 | 206 | 421 | 598 | 223 | 264 | |
372 | 396 | 551 | 626 | 520 | 272 | 268 | 630 | 242 | 341 | 590 | 228 | 214 | |
Operating Profit | 55 | 83 | 112 | 124 | 73 | -37 | -29 | -292 | -37 | 80 | 8 | -6 | 51 |
OPM % | 13% | 17% | 17% | 17% | 12% | -16% | -12% | -87% | -18% | 19% | 1% | -2% | 19% |
11 | 7 | 59 | -222 | 22 | 12 | -5 | 250 | 465 | 41 | 26 | 38 | 43 | |
Interest | 49 | 46 | 19 | 10 | 9 | 10 | 11 | 10 | 14 | 35 | 30 | 23 | 18 |
Depreciation | 11 | 11 | 11 | 16 | 20 | 24 | 24 | 23 | 21 | 20 | 20 | 15 | 11 |
Profit before tax | 7 | 32 | 141 | -124 | 65 | -59 | -69 | -74 | 393 | 66 | -16 | -6 | 64 |
Tax % | -1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 16% | 0% | -20% | |
7 | 32 | 141 | -124 | 65 | -59 | -69 | -74 | 393 | 56 | -16 | -7 | 71 | |
EPS in Rs | 0.84 | 3.90 | 16.24 | -14.25 | 7.44 | -6.78 | -7.90 | -8.54 | 45.22 | 6.40 | -1.71 | -0.77 | 7.74 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | -29% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -7% |
5 Years: | -1% |
3 Years: | 3% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 24% |
TTM: | 228% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 72% |
3 Years: | 74% |
1 Year: | 359% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
Last Year: | -16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 18 | 18 | 18 |
Reserves | -363 | -317 | -162 | -288 | -223 | -276 | -344 | -419 | -24 | 31 | 18 | 7 | 68 |
315 | 310 | 151 | 92 | 78 | 67 | 58 | 45 | 93 | 86 | 68 | 59 | 42 | |
699 | 676 | 700 | 888 | 920 | 891 | 904 | 951 | 501 | 549 | 541 | 503 | 537 | |
Total Liabilities | 666 | 686 | 707 | 710 | 792 | 699 | 636 | 595 | 587 | 682 | 646 | 587 | 665 |
154 | 149 | 148 | 142 | 189 | 234 | 218 | 197 | 181 | 164 | 148 | 126 | 119 | |
CWIP | 5 | 5 | 11 | 9 | 49 | 2 | 5 | 7 | 3 | 1 | 3 | 2 | 4 |
Investments | 44 | 39 | 39 | 39 | 39 | 44 | 44 | 31 | 44 | 44 | 40 | 40 | 40 |
463 | 493 | 509 | 520 | 515 | 418 | 369 | 360 | 358 | 474 | 456 | 419 | 503 | |
Total Assets | 666 | 686 | 707 | 710 | 792 | 699 | 636 | 595 | 587 | 682 | 646 | 587 | 665 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 114 | 0 | 52 | 146 | 16 | -46 | 17 | -1 | 40 | 41 | 42 | |
1 | 5 | 0 | -20 | -102 | -14 | -5 | 15 | -15 | 4 | -2 | 1 | |
-52 | -113 | 0 | -29 | -48 | -8 | 50 | -20 | 15 | -51 | -41 | -27 | |
Net Cash Flow | -3 | 6 | 0 | 3 | -3 | -6 | -0 | 12 | -1 | -7 | -2 | 15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 117 | 111 | 109 | 97 | 114 | 214 | 109 | 77 | 196 | 185 | 94 | 194 |
Inventory Days | 354 | 689 | 445 | 287 | 282 | 259 | 403 | 309 | 391 | 255 | 135 | 498 |
Days Payable | 188 | 251 | 231 | 137 | 219 | 149 | 126 | 157 | 183 | 253 | 125 | 244 |
Cash Conversion Cycle | 283 | 549 | 323 | 247 | 177 | 324 | 387 | 229 | 404 | 187 | 104 | 448 |
Working Capital Days | -303 | -295 | -198 | -241 | -329 | -910 | -677 | -707 | 178 | 124 | 44 | 252 |
ROCE % | 1,350% | 74% | 12% | 20% |
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
23 Nov - Brief on the Order received from office of the Commissioner of CGST and CEX (Appeals - I), Mumbai
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Nov - Copy of Newspaper Advertisement of the extract of Financial Results for the period ended September 30, 2023, published in the Newspaper viz. Business Standard & …
- Statement Of Deviation And Variation For 30Th September, 2023 6 Nov
-
Announcement under Regulation 30 (LODR)-Acquisition
6 Nov - Of acquisition of Aeon Procare Pvt. Ltd. by Ashapura International Limited, Wholly owned Subsidiary of the Company.
- Approval Of The Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Second Quarter & Half Year Ended 30Th September, 2023. 6 Nov
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
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Financial Year 2011
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Financial Year 2011
from nse
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