Ashapura Minechem Ltd

₹ 111 -0.13%
12 Aug - close price
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

  • Market Cap 1,016 Cr.
  • Current Price 111
  • High / Low 175 / 88.4
  • Stock P/E
  • Book Value 3.90
  • Dividend Yield 0.45 %
  • ROCE 12.1 %
  • ROE -37.0 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 158 to 94.1 days.

Cons

  • Stock is trading at 28.5 times its book value
  • Company has low interest coverage ratio.
  • Promoters have pledged 55.6% of their holding.
  • Earnings include an other income of Rs.30.1 Cr.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
79.26 32.55 28.72 65.32 32.07 35.83 174.06 179.53 288.55 144.12 50.80 114.68 68.40
73.14 57.81 40.13 76.08 34.29 40.48 121.53 145.46 264.03 150.04 67.77 108.81 71.95
Operating Profit 6.12 -25.26 -11.41 -10.76 -2.22 -4.65 52.53 34.07 24.52 -5.92 -16.97 5.87 -3.55
OPM % 7.72% -77.60% -39.73% -16.47% -6.92% -12.98% 30.18% 18.98% 8.50% -4.11% -33.41% 5.12% -5.19%
1.92 2.03 65.45 399.78 22.32 3.03 2.08 13.42 1.94 19.88 1.82 2.84 5.52
Interest 1.57 1.53 6.81 3.73 5.82 11.94 8.86 7.87 8.03 7.83 7.50 6.75 6.52
Depreciation 5.31 5.25 5.22 5.14 5.05 5.10 5.09 4.98 4.93 5.00 4.86 4.74 4.66
Profit before tax 1.16 -30.01 42.01 380.15 9.23 -18.66 40.66 34.64 13.50 1.13 -27.51 -2.78 -9.21
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 29.56% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 1.15 -30.01 42.01 380.15 9.23 -18.66 40.66 24.40 13.51 1.13 -27.51 -2.78 -9.21
EPS in Rs 0.13 -3.45 4.83 43.70 1.06 -2.15 4.67 2.81 1.55 0.12 -3.01 -0.30 -1.01

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
451 428 478 664 749 592 236 239 337 206 421 598 378
398 372 396 551 626 520 272 268 630 242 341 591 399
Operating Profit 52 55 83 112 124 73 -37 -29 -292 -37 80 8 -21
OPM % 12% 13% 17% 17% 17% 12% -16% -12% -87% -18% 19% 1% -5%
-502 11 7 59 -222 22 12 -5 250 465 41 26 30
Interest 48 49 46 19 10 9 10 11 10 14 35 30 29
Depreciation 11 11 11 11 16 20 24 24 23 21 20 20 19
Profit before tax -508 7 32 141 -124 65 -59 -69 -74 393 66 -16 -38
Tax % -18% -1% 0% 0% 0% 0% 0% 0% 0% 0% 16% 0%
Net Profit -600 7 32 141 -124 65 -59 -69 -74 393 56 -16 -38
EPS in Rs -76.01 0.84 3.90 16.24 -14.25 7.44 -6.78 -7.90 -8.54 45.22 6.40 -1.71 -4.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 8% -28%
Compounded Sales Growth
10 Years: 3%
5 Years: 20%
3 Years: 21%
TTM: -44%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 19%
TTM: -164%
Stock Price CAGR
10 Years: 16%
5 Years: 18%
3 Years: 59%
1 Year: -24%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 16 17 17 17 17 17 17 17 17 17 18
Reserves -370 -363 -317 -162 -288 -223 -276 -344 -419 -24 31 18
313 315 310 151 92 78 67 58 45 93 86 68
689 699 676 700 888 920 891 904 951 501 549 541
Total Liabilities 648 666 686 707 710 792 699 636 595 587 682 646
157 154 149 148 142 189 234 218 197 181 164 148
CWIP 8 5 5 11 9 49 2 5 7 3 1 3
Investments 43 44 39 39 39 39 44 44 31 44 44 40
439 463 493 509 520 515 418 369 360 358 474 456
Total Assets 648 666 686 707 710 792 699 636 595 587 682 646

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
104 48 114 0 52 146 16 -46 17 -1 40 41
-2 1 5 0 -20 -102 -14 -5 15 -15 4 -2
-104 -52 -113 0 -29 -48 -8 50 -20 15 -51 -41
Net Cash Flow -2 -3 6 0 3 -3 -6 -0 12 -1 -7 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 76 117 111 109 97 114 214 109 77 196 185 94
Inventory Days 370 354 689 445 287 282 259 403 309 391 252 132
Days Payable 177 188 251 231 137 219 149 126 157 183 249 122
Cash Conversion Cycle 269 283 549 323 247 177 324 387 229 404 187 104
Working Capital Days -273 -303 -295 -198 -241 -329 -910 -677 -707 178 109 44
ROCE % 18% 1,350% 74% 12%

Shareholding Pattern

Numbers in percentages

3 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
39.78 39.78 39.78 39.78 40.36 40.79 41.42 41.71 44.58 44.58 44.58 44.74
23.98 23.64 23.77 23.77 23.41 23.01 22.93 22.15 21.07 21.12 20.60 19.12
0.16 0.16 0.16 0.16 0.16 0.16 0.15 0.16 0.14 0.14 0.14 0.14
36.07 36.42 36.29 36.29 36.07 36.04 35.49 35.98 34.21 34.17 34.68 36.00

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