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 ₹ 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.
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 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
10 Aug - Re-appointment of Mr. Chetan Shah (DIN:-00018960 ) as an Executive Chairman for further period of 3 years commencing from 24 October 2022 till 23d October, …
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Aug
- Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 10 Aug
- Board Meeting Outcome for The Outcome Of The Board Meeting 10 Aug
- Board Meeting Intimation for To Consider And To Take On Record The Unaudited Financial Results For The First Quarter Ended 30Th June, 2022 29 Jul
Annual reports
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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
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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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