Ashapura Minechem

₹314.8 4.1 | 1.3%

WEBSITE BSE:527001 NSE : ASHAPURA LTD 10 May, 16:01

Market Cap ₹2880 Cr.

Stock P/E 11.1

P/B 3.4

Current Price ₹314.8

Book Value ₹ 92.9

Face Value 2

52W High ₹483.3

Dividend Yield 0%

52W Low ₹ 116.4

Edit Ratio

Ashapura Minechem Research see more...

Overview Inc. Year: 1982Industry: Mining & Minerals

Ashapura Minechem Ltd is a mine proprietor and exporter of bentonite. The number one merchandise of the Company consist of bentonite, bauxite, kaolin, different minerals, value added merchandise and iron ore. It operates through the phase of bulk minerals for commercial consumption and its derivatives, and different activities. The Company's bentonite merchandise are used within the regions of drilling, metallic casting, construction and pet litter. It gives activated bauxite for purification of lubricant oil and transformer oil. It gives minerals, along with barites, kaolin and attapulgite. Its merchandise additionally encompass bleaching clay, clay catalysts, geosynthetic clay liners (GCL) and calcined bauxite. It has approximately 45 million tons of calcium bentonite and sodium reserves across the country. The Company has activation, milling and processing plants in diverse locations in India. The Company has pursuits in Antwerp, Azerbaijan, Brazil, Nigeria and Malaysia.

Ashapura Minechem Share Price

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Ashapura Minechem Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	270	225	331	402	198	535	696	1018	554	713
Other Income	28	34	13	16	28	20	22	32	22	6
Total Income	298	259	344	418	226	555	718	1050	576	719
Total Expenditure	242	253	303	351	193	477	637	908	524	655
Operating Profit	56	6	41	67	32	78	81	142	52	64
Interest	14	8	15	13	12	20	19	20	12	22
Depreciation	15	14	14	17	19	18	19	18	19	20
Exceptional Income / Expenses	0	0	0	0	0	0	0	-1	10	33
Profit Before Tax	27	-16	12	38	1	40	42	103	31	54
Provision for Tax	1	6	1	7	0	11	12	6	4	8
Profit After Tax	26	-22	11	31	1	29	31	96	28	46
Adjustments	8	2	1	8	4	4	9	6	32	10
Profit After Adjustments	34	-20	12	39	5	33	40	103	59	56
Adjusted Earnings Per Share	3.7	-2.2	1.3	4.3	0.6	3.6	4.4	11.2	6.5	6.2

Ashapura Minechem Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	772	1083	1753	1775	833	794	622	334	1148	1278	1831	2981
Other Income	14	6	7	9	11	7	17	16	61	96	86	82
Total Income	786	1089	1760	1784	844	802	638	350	1209	1373	1917	3063
Total Expenditure	649	904	1483	1536	797	790	629	391	1026	1176	1655	2724
Operating Profit	138	185	277	249	47	12	10	-41	183	197	262	339
Interest	55	30	20	22	17	19	20	31	60	58	68	73
Depreciation	26	26	35	44	48	39	33	28	45	58	73	76
Exceptional Income / Expenses	-7	55	-231	15	0	-15	-291	474	19	0	0	42
Profit Before Tax	50	184	-9	198	-19	-61	-334	373	110	98	139	230
Provision for Tax	6	10	30	45	18	12	5	-1	23	11	30	30
Profit After Tax	44	174	-39	153	-36	-73	-339	374	87	87	110	201
Adjustments	0	0	3	9	17	28	8	13	-0	-0	7	57
Profit After Adjustments	44	174	-36	162	-19	-45	-331	388	87	87	117	258
Adjusted Earnings Per Share	5.3	20	-4.2	18.7	-2.2	-5.2	-38.1	44.6	10.1	9.5	12.8	28.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	43%	76%	18%	9%
Operating Profit CAGR	33%	0%	85%	7%
PAT CAGR	26%	-33%	0%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	113%	23%	72%	18%
ROE Average	19%	20%	12%	-34%
ROCE Average	16%	16%	35%	50%

Ashapura Minechem Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	-281	-100	-144	19	-2	-47	-361	346	434	521	665
Minority's Interest	0	0	0	0	0	0	62	-0	-0	-0	-7
Borrowings	97	51	48	99	63	106	153	391	552	529	651
Other Non-Current Liabilities	11	17	19	18	17	155	6	317	258	228	296
Total Current Liabilities	1054	1004	1213	1291	1317	1062	1180	752	978	1132	1431
Total Liabilities	880	973	1136	1428	1394	1277	1041	1806	2222	2410	3036
Fixed Assets	270	292	344	356	333	305	231	542	525	537	582
Other Non-Current Assets	73	126	120	285	307	333	254	494	566	586	617
Total Current Assets	537	554	672	787	755	638	556	770	1132	1287	1837
Total Assets	880	973	1136	1428	1394	1277	1041	1806	2222	2410	3036

Ashapura Minechem Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	12	23	25	43	41	41	39	50	41	35	26
Cash Flow from Operating Activities	188	210	186	231	72	-18	-217	16	-20	114	97
Cash Flow from Investing Activities	-21	-91	-98	-208	-30	-20	160	-156	-168	-63	-130
Cash Flow from Financing Activities	-156	-117	-70	-14	-43	36	68	131	182	-60	80
Net Cash Inflow / Outflow	12	2	18	9	-1	-2	11	-9	-5	-9	47
Closing Cash & Cash Equivalent	23	25	43	52	41	39	50	41	35	26	74

Ashapura Minechem Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.32	20.03	-4.19	18.66	-2.17	-5.19	-38.05	44.57	10.06	9.46	12.79
CEPS(Rs)	8.4	22.98	-0.49	22.63	1.4	-3.97	-35.24	46.29	15.23	15.81	19.93
DPS(Rs)	0	0	0	0	0	0	0	0	0.5	0.5	0
Book NAV/Share(Rs)	-34.34	-11.49	-16.58	2.21	-0.27	-5.42	-41.51	39.4	49.52	56.97	71.6
Core EBITDA Margin(%)	15.8	16.35	15.25	13.38	4.28	0.55	-1.12	-17.09	10.65	7.97	9.62
EBIT Margin(%)	13.41	19.5	0.59	12.29	-0.2	-5.27	-50.46	120.96	14.82	12.18	11.32
Pre Tax Margin(%)	6.35	16.8	-0.53	11.04	-2.22	-7.69	-53.7	111.64	9.59	7.65	7.62
PAT Margin (%)	5.62	15.89	-2.21	8.54	-4.35	-9.2	-54.54	111.95	7.62	6.77	5.99
Cash Profit Margin (%)	8.93	18.24	-0.24	10.98	1.46	-4.35	-49.31	120.44	11.54	11.32	9.96
ROA(%)	5.07	18.8	-3.71	11.94	-2.57	-5.47	-29.26	26.3	4.34	3.74	4.03
ROE(%)	0	0	0	0	-428.35	0	0	0	22.62	18.18	18.66
ROCE(%)	90.84	135.14	9.15	165.05	-0.92	-29.87	0	127.32	18.05	13.8	16.08
Receivable days	82.24	67.22	50.14	57.45	116.1	101.12	91.04	157.74	75.22	85.52	79.76
Inventory Days	94.14	71.33	43.64	50.27	118.1	114.59	119.07	209.93	81.57	100.35	94.21
Payable days	390.31	198.94	209.29	407.77	442.95	316.79	273.56	349.71	366.05	497.16	340.07
PER(x)	5.64	2.86	0	4.09	0	0	0	0.46	10.36	13.45	8.75
Price/Book(x)	-0.87	-4.98	-4.44	34.44	-258.37	-12.24	-0.68	0.52	2.1	2.23	1.56
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.48	0.39	0
EV/Net Sales(x)	0.82	0.69	0.44	0.45	0.84	0.91	0.63	1.71	1.33	1.38	0.93
EV/Core EBITDA(x)	4.59	4.05	2.78	3.21	15.04	61.15	41.13	-13.88	8.33	8.95	6.49
Net Sales Growth(%)	18.28	40.33	61.82	1.28	-53.09	-4.63	-21.74	-46.22	243.41	11.3	43.28
EBIT Growth(%)	259.15	104.02	-95.1	2002.61	-100.76	-2388.21	-649.67	228.91	-57.93	-8.5	33.2
PAT Growth(%)	230.31	296.64	-122.44	491.45	-123.69	-101.53	-364.12	210.4	-76.63	-1.09	26.81
EPS Growth(%)	224.88	276.5	-120.93	545.12	-111.63	-139.17	-632.93	217.12	-77.43	-5.97	35.24
Debt/Equity(x)	-1.45	-2.85	-1.3	10.58	-61.8	-3.93	-0.58	1.29	1.54	1.22	1.15
Current Ratio(x)	0.51	0.55	0.55	0.61	0.57	0.6	0.47	1.02	1.16	1.14	1.28
Quick Ratio(x)	0.31	0.34	0.38	0.39	0.38	0.37	0.33	0.73	0.86	0.77	0.91
Interest Cover(x)	1.9	7.22	0.53	9.85	-0.1	-2.18	-15.56	12.98	2.84	2.69	3.05
Total Debt/Mcap(x)	1.66	0.57	0.29	0.31	0.24	0.32	0.85	2.48	0.73	0.55	0.74

Ashapura Minechem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	44.58	44.58	44.74	44.79	45.22	45.33	45.33	45.33	45.33	45.39
FII	21.12	20.6	19.12	16.32	16.35	16.99	17.1	18.03	17.57	17.2
DII	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.18	0.18	0.52
Public	34.17	34.68	36	38.75	38.29	37.54	37.43	36.45	36.93	36.89
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.08	4.08	4.09	4.1	4.14	4.15	4.15	4.15	4.15	4.15
FII	1.93	1.88	1.75	1.49	1.5	1.55	1.56	1.65	1.61	1.57
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.05
Public	3.13	3.17	3.29	3.55	3.5	3.43	3.42	3.34	3.38	3.38
Others	0	0	0	0	0	0	0	0	0	0
Total	9.15	9.15	9.15	9.15	9.15	9.15	9.15	9.15	9.15	9.15

Pros

Debtor days have improved from 497.16 to 340.07days.

Cons

Promoter holding is low: 45.39%.
Stock is trading at 3.4 times its book value.

* 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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Ashapura Minechem

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Ashapura Minechem Research see more...

Overview Inc. Year: 1982Industry: Mining & Minerals

Ashapura Minechem Share Price

Alert Data

Quarterly Price

Peer Comparison

Ashapura Minechem Quarterly Results

Ashapura Minechem Profit & Loss

Growth Rates

Ashapura Minechem Balance Sheet

Ashapura Minechem Cash Flow

Ashapura Minechem Ratios

Ashapura Minechem Shareholding Pattern

Ashapura Minechem News

Top Unlisted Companies & InstaBuy Companies

Assam Carbon Products

IPO

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