Ashapura Minechem Ltd

₹ 334 -0.55%

25 Apr - 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 ₹ 3,052 Cr.
Current Price ₹ 334
High / Low ₹ 483 / 116
Stock P/E 13.9
Book Value ₹ 87.8
Dividend Yield 0.00 %
ROCE 16.3 %
ROE 19.0 %
Face Value ₹ 2.00

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 37.6% CAGR over last 5 years

Cons

Stock is trading at 3.80 times its book value
Promoters have pledged 30.7% of their holding.
Earnings include an other income of Rs.123 Cr.

* 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	350	320	452	270	225	331	402	198	535	696	1,018	554	713
	312	272	381	242	253	303	351	193	477	637	908	524	655
Operating Profit	37	47	71	29	-28	28	51	5	58	59	110	30	58
OPM %	11%	15%	16%	11%	-12%	8%	13%	2%	11%	8%	11%	6%	8%
	10	38	20	28	34	13	16	28	20	22	31	32	39
Interest	8	16	18	14	8	15	13	12	20	19	20	12	22
Depreciation	9	18	14	15	14	14	17	19	18	19	18	19	20
Profit before tax	29	51	58	27	-16	12	38	1	40	42	103	31	54
Tax %	9%	38%	6%	3%	-38%	7%	18%	5%	28%	27%	6%	12%	15%
	29	34	60	34	-20	12	35	6	29	40	102	58	54
EPS in Rs	3.36	3.88	6.94	3.71	-2.20	1.35	4.29	0.56	3.58	4.37	11.24	6.49	6.16
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	659	772	1,083	1,753	1,775	833	794	622	334	1,148	1,278	1,831	2,981
	604	620	850	1,483	1,535	794	790	626	380	1,026	1,176	1,653	2,724
Operating Profit	54	152	234	270	240	39	4	-4	-45	122	102	178	257
OPM %	8%	20%	22%	15%	14%	5%	1%	-1%	-14%	11%	8%	10%	9%
	3	-21	6	-225	24	25	20	-265	487	93	112	102	123
Interest	57	55	30	20	22	17	19	20	31	60	58	68	73
Depreciation	28	26	26	35	44	48	39	33	28	45	58	73	77
Profit before tax	-28	50	184	-9	198	-1	-33	-322	382	110	98	139	230
Tax %	-20%	11%	5%	-315%	23%	-1,502%	-36%	-2%	-0%	21%	12%	21%
	-34	44	174	-36	162	-19	-45	-327	383	87	87	110	254
EPS in Rs	-4.26	5.32	20.03	-4.19	18.66	-2.17	-5.19	-38.05	44.57	10.06	9.46	12.79	28.26
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	5%	5%	0%

Compounded Sales Growth
10 Years:	9%
5 Years:	18%
3 Years:	76%
TTM:	103%

Compounded Profit Growth
10 Years:	8%
5 Years:	38%
3 Years:	51%
TTM:	170%

Stock Price CAGR
10 Years:	19%
5 Years:	66%
3 Years:	40%
1 Year:	139%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	17%
Last Year:	19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	-364	-302	-117	-162	2	-20	-65	-378	325	413	503	637	785
	448	412	285	188	204	144	185	209	441	664	639	758	786
	751	753	788	1,092	1,207	1,163	1,148	1,203	1,037	1,138	1,264	1,637	1,477
Total Liabilities	851	880	973	1,136	1,430	1,305	1,286	1,051	1,820	2,233	2,424	3,050	3,066
	303	270	282	333	345	336	308	254	544	527	539	584	587
CWIP	32	30	36	29	110	5	21	9	54	204	254	262	310
Investments	6	5	61	63	146	243	267	180	274	290	268	288	310
	509	574	593	711	828	721	689	608	947	1,212	1,363	1,915	1,860
Total Assets	851	880	973	1,136	1,430	1,305	1,286	1,051	1,820	2,233	2,424	3,050	3,066

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	57	188	186	231	72	-18	-217	16	-20	114	97
	-41	-21	-98	-208	-30	-20	160	-156	-168	-63	-130
	-28	-156	-70	-14	-43	36	68	131	182	-60	80
Net Cash Flow	-13	12	18	9	-1	-2	11	-9	-5	-9	47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	91	88	73	56	61	103	95	61	202	92	89	98
Inventory Days	315	923	431	287	269	329	285	226	532	364	453	420
Days Payable	157	376	222	267	258	265	187	168	328	461	387	360
Cash Conversion Cycle	249	636	282	76	72	166	193	120	406	-5	154	158
Working Capital Days	-173	-163	-112	-102	-101	-240	-183	-377	12	70	66	86
ROCE %	28%	99%	136%	211%	153%	10%	0%	-42%	-14%	16%	12%	16%

Shareholding Pattern

Numbers in percentages

19 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	41.71%	44.58%	44.58%	44.58%	44.74%	44.79%	45.22%	45.33%	45.33%	45.33%	45.33%	45.39%
	22.15%	21.07%	21.12%	20.60%	19.12%	16.32%	16.35%	16.99%	17.09%	18.03%	17.56%	17.24%
	0.16%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.19%	0.18%	0.48%
	35.98%	34.21%	34.17%	34.68%	36.00%	38.75%	38.29%	37.53%	37.43%	36.44%	36.92%	36.89%
No. of Shareholders	23,802	23,241	24,002	23,667	26,228	28,424	28,033	26,214	25,557	27,466	31,091	30,415

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

* 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

Shareholding Pattern

Documents

Announcements

Annual reports