Ashapura Minechem Ltd

About [ edit ]

Ashapura Minechem is engaged in the mining, manufacturing and trading of various minerals and its derivative products.

  • Market Cap 1,002 Cr.
  • Current Price 116
  • High / Low 143 / 23.5
  • Stock P/E 82.8
  • Book Value 42.8
  • Dividend Yield 0.00 %
  • ROCE -15.4 %
  • ROE %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -28.21% over past five years.
  • Promoters have pledged 64.09% of their holding.
  • Earnings include an other income of Rs.440.15 Cr.
  • Company has high debtors of 201.72 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
224 205 169 88 160 115 68 49 103 286 192 350
242 225 183 71 150 110 97 65 118 259 189 312
Operating Profit -18 -20 -14 17 10 4 -29 -17 -15 27 3 37
OPM % -8% -10% -8% 20% 6% 4% -43% -35% -15% 10% 2% 11%
Other Income -4 2 -256 -25 4 4 3 84 398 27 5 10
Interest 6 6 4 3 6 4 5 11 10 11 18 8
Depreciation 10 9 9 8 7 7 7 7 8 8 9 9
Profit before tax -38 -32 -284 -18 0 -3 -38 50 365 35 -19 29
Tax % -5% -16% -1% -6% -964% 16% -2% -3% 0% 8% 11% 9%
Net Profit -34 -32 -282 -18 1 1 -35 55 368 36 -12 29
EPS in Rs -3.94 -3.69 -32.46 -2.06 0.15 0.08 -4.07 6.27 42.29 4.18 -1.37 3.36

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
961 713 636 659 772 1,083 1,753 1,775 833 794 622 334 931
1,340 662 554 604 648 850 1,484 1,536 794 791 628 656 879
Operating Profit -380 52 82 54 124 234 269 240 39 4 -6 -322 52
OPM % -40% 7% 13% 8% 16% 22% 15% 14% 5% 0% -1% -96% 6%
Other Income 13 79 -504 3 7 6 -224 24 25 21 -263 763 440
Interest 28 60 53 57 55 30 20 22 17 19 20 31 47
Depreciation 24 26 26 28 26 26 35 44 48 39 33 28 35
Profit before tax -419 46 -501 -28 50 184 -9 198 -1 -33 -322 382 411
Tax % 31% 32% -20% -20% 11% 5% -315% 23% -1,502% -36% -2% -0%
Net Profit -289 31 -602 -34 44 174 -36 162 -19 -45 -331 388 422
EPS in Rs -36.63 3.89 -76.22 -4.26 5.32 20.03 -4.19 18.66 -2.17 -5.19 -38.05 44.57 48.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-7%
5 Years:-28%
3 Years:-26%
TTM:138%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-8%
TTM:119%
Stock Price CAGR
10 Years:13%
5 Years:7%
3 Years:14%
1 Year:398%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
16 16 16 16 17 17 17 17 17 17 17 17 17
Reserves 254 283 -319 -364 -302 -117 -162 2 -20 -65 -378 325 351
Borrowings 601 479 427 448 412 285 188 204 144 185 209 441 589
343 147 725 751 753 788 1,092 1,207 1,163 1,148 1,203 1,037 1,016
Total Liabilities 1,215 925 848 851 880 973 1,136 1,430 1,305 1,286 1,051 1,820 1,973
253 305 304 303 270 282 333 345 336 308 254 544 542
CWIP 106 33 24 32 30 36 29 110 5 21 9 54 121
Investments 60 15 30 6 5 61 63 146 243 267 180 274 290
795 572 491 509 574 593 711 828 721 689 608 947 1,020
Total Assets 1,215 925 848 851 880 973 1,136 1,430 1,305 1,286 1,051 1,820 1,973

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-95 19 112 57 188 0 186 231 72 -18 -217 16
-86 43 -28 -41 -21 0 -98 -208 -30 -20 160 -156
266 -177 -85 -28 -156 0 -70 -14 -43 36 68 131
Net Cash Flow 86 -115 -1 -13 12 0 18 9 -1 -2 11 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -45% 5% 14% 28% 99% 137% 211% 153% 10% 0% -15%
Debtor Days 57 73 75 91 88 73 56 61 103 95 61 202
Inventory Turnover 1.52 1.20 1.18 1.37 0.59 1.04 1.40 1.70 1.13 1.37 1.49 0.98

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
39.78 39.78 39.78 39.78 39.78 39.78 39.78 39.78 39.78 39.78 40.36 40.79
23.92 23.92 23.98 23.98 23.98 23.98 23.98 23.64 23.77 23.77 23.41 23.01
0.76 0.86 0.91 0.86 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16
35.53 35.43 35.33 35.37 36.07 36.07 36.07 36.42 36.29 36.29 36.07 36.04

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