Ashapura Minechem Ltd

Ashapura Minechem Ltd

₹ 706 -0.36%
16 Jun - 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 6,752 Cr.
  • Current Price 706
  • High / Low 925 / 377
  • Stock P/E 16.6
  • Book Value 173
  • Dividend Yield 0.14 %
  • ROCE 20.7 %
  • ROE 28.0 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 43.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%

Cons

  • Tax rate seems low

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
696 1,018 554 713 440 714 604 865 555 1,356 952 960 1,969
637 908 524 655 392 627 540 731 471 1,174 822 846 1,841
Operating Profit 59 110 30 58 48 87 64 135 84 182 131 114 128
OPM % 8% 11% 6% 8% 11% 12% 11% 16% 15% 13% 14% 12% 6%
22 31 32 39 59 4 10 20 56 12 12 28 88
Interest 19 20 12 22 16 17 19 23 30 31 29 24 34
Depreciation 19 18 19 20 21 17 20 12 29 32 32 34 35
Profit before tax 42 103 31 54 70 57 36 119 82 132 81 85 147
Tax % 27% 6% 12% 15% 13% 8% -20% 10% 7% 14% -30% 10% 18%
40 102 58 54 67 60 43 108 79 114 106 76 121
EPS in Rs 4.37 11.24 6.49 6.16 7.49 6.51 4.64 11.04 9.05 11.50 10.11 8.82 11.59
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,753 1,775 833 794 622 334 1,148 1,278 1,831 2,654 2,739 5,237
1,483 1,535 794 790 626 380 1,026 1,176 1,653 2,401 2,362 4,682
Operating Profit 270 240 39 4 -4 -45 122 102 178 252 377 555
OPM % 15% 14% 5% 1% -1% -14% 11% 8% 10% 10% 14% 11%
-225 24 25 20 -265 487 93 112 102 211 101 140
Interest 20 22 17 19 20 31 60 58 68 76 96 118
Depreciation 35 44 48 39 33 28 45 58 73 79 78 133
Profit before tax -9 198 -1 -33 -322 382 110 98 139 309 304 445
Tax % 315% 23% 1,502% 36% 2% -0% 21% 12% 21% 9% 5% 6%
-36 162 -19 -45 -327 383 87 87 110 282 289 416
EPS in Rs -4.19 18.66 -2.17 -5.19 -38.05 44.57 10.06 9.46 12.79 31.37 30.97 42.02
Dividend Payout % 0% 0% 0% 0% 0% 0% 5% 5% 0% 0% 3% 5%
Compounded Sales Growth
10 Years: 11%
5 Years: 35%
3 Years: 42%
TTM: 91%
Compounded Profit Growth
10 Years: 10%
5 Years: 43%
3 Years: 51%
TTM: 38%
Stock Price CAGR
10 Years: 27%
5 Years: 35%
3 Years: 75%
1 Year: 82%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 27%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 -162 2 -20 -65 -378 329 417 503 646 912 1,223 1,630
188 204 144 185 209 441 664 639 758 984 1,163 1,444
1,092 1,207 1,163 1,148 1,203 1,033 1,135 1,264 1,609 1,397 1,526 1,605
Total Liabilities 1,136 1,430 1,305 1,286 1,051 1,820 2,233 2,424 3,032 3,311 3,931 4,698
333 345 336 308 254 544 527 539 584 577 1,349 1,499
CWIP 29 110 5 21 9 54 204 254 262 504 55 51
Investments 63 146 243 267 180 274 290 268 288 321 344 371
711 828 721 689 608 947 1,212 1,363 1,897 1,909 2,181 2,778
Total Assets 1,136 1,430 1,305 1,286 1,051 1,820 2,233 2,424 3,032 3,311 3,931 4,698

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
186 231 72 -18 -217 16 -20 114 94 148 188 463
-98 -208 -30 -20 160 -156 -168 -63 -130 -274 -392 -271
-70 -14 -43 36 68 131 182 -60 80 191 178 14
Net Cash Flow 18 9 -1 -2 11 -9 -5 -9 44 65 -25 206
Free Cash Flow 83 93 36 -45 -221 -3 -196 -2 -40 -125 -208 184
CFO/OP 78% 108% 282% -97% 4,688% -39% -5% 127% 63% 76% 61% 88%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 56 61 103 95 61 202 92 89 98 37 73 70
Inventory Days 287 269 329 285 226 532 364 453 447 390 506 153
Days Payable 267 258 265 187 168 328 461 387 475 415 477 245
Cash Conversion Cycle 76 72 166 193 120 406 -5 154 70 12 103 -22
Working Capital Days -125 -118 -266 -214 -405 -32 35 35 56 21 36 25
ROCE % 211% 153% 10% 0% -42% -14% 16% 12% 16% 17% 19% 21%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Jun 2027 (P)
Bentonite Sales Value (as % of Turnover)
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Export Contribution to Total Turnover
% ・Includes some standalone data
Permanent Employees (Standalone)
Number ・Standalone data
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)
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Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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 25,55727,46631,09130,41529,92833,97430,70532,28933,26736,09639,75743,255

* 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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