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Ashapura Minechem Overview

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 miner...Read More

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Ashapura Minechem Key Financials

Market Cap ₹6165 Cr.

Stock P/E 21.3

P/B 4.1

Current Price ₹645.4

Book Value ₹ 156.8

Face Value 2

52W High ₹924.7

Dividend Yield 0.16%

52W Low ₹ 317

Ashapura Minechem Share Price

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Volume
Price

Ashapura Minechem Quarterly Price

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Ashapura Minechem Peer Comparison

Ashapura Minechem Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 554 713 440 714 604 865 555 1356 953 960
Other Income 22 6 2 4 1 14 56 6 1 29
Total Income 576 719 442 718 605 879 611 1362 954 989
Total Expenditure 524 655 392 627 540 731 471 1174 822 846
Operating Profit 52 64 50 91 65 148 141 188 132 143
Interest 12 22 16 17 19 23 30 31 29 24
Depreciation 19 20 21 17 20 12 29 32 32 34
Exceptional Income / Expenses 10 33 57 0 0 0 0 0 0 -5
Profit Before Tax 31 54 70 57 27 113 82 125 71 81
Provision for Tax 4 8 9 5 -7 12 6 18 -25 9
Profit After Tax 28 46 61 52 34 101 76 107 96 72
Adjustments 32 10 8 7 11 4 11 2 1 12
Profit After Adjustments 59 56 69 60 44 105 86 110 97 84
Adjusted Earnings Per Share 6.5 6.2 7.5 6.5 4.6 11 9.1 11.5 10.1 8.8

Ashapura Minechem Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1753 1775 833 794 622 334 1148 1278 1831 2654 2739 3824
Other Income 8 9 11 7 17 16 61 96 86 62 75 92
Total Income 1761 1784 844 802 638 350 1209 1373 1917 2716 2814 3916
Total Expenditure 1483 1536 797 790 629 391 1026 1176 1655 2401 2362 3313
Operating Profit 277 249 47 12 10 -41 183 197 262 314 452 604
Interest 20 22 17 19 20 31 60 58 68 76 96 114
Depreciation 35 44 48 39 33 28 45 58 73 79 78 127
Exceptional Income / Expenses -231 15 0 -15 -291 474 19 0 0 98 0 -5
Profit Before Tax -9 198 -1 -33 -322 382 110 98 139 309 304 359
Provision for Tax 30 45 18 12 5 -1 23 11 30 27 15 8
Profit After Tax -39 153 -19 -45 -327 383 87 87 110 282 289 351
Adjustments 3 9 0 0 -4 4 -0 -0 7 5 7 26
Profit After Adjustments -36 162 -19 -45 -331 388 87 87 117 287 296 377
Adjusted Earnings Per Share -4.2 18.7 -2.2 -5.2 -38.1 44.6 10.1 9.5 12.8 31.4 31 39.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 29% 52% 5%
Operating Profit CAGR 44% 32% 0% 5%
PAT CAGR 2% 49% -5% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 84% 69% 32% 24%
ROE Average 27% 27% 24% -9%
ROCE Average 19% 19% 18% 36%

Ashapura Minechem Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -144 19 -2 -47 -361 346 434 521 665 930 1242
Minority's Interest 0 0 0 0 62 -0 -0 -0 -7 -13 -20
Borrowings 48 99 63 106 153 391 552 529 603 687 856
Other Non-Current Liabilities 19 18 17 155 6 317 258 228 296 136 104
Total Current Liabilities 1213 1291 1317 1062 1180 752 978 1132 1462 1543 1708
Total Liabilities 1136 1428 1394 1277 1041 1806 2222 2410 3018 3283 3890
Fixed Assets 344 356 333 305 231 542 525 537 582 575 1347
Other Non-Current Assets 120 285 307 333 254 494 566 586 617 867 443
Total Current Assets 672 787 755 638 556 770 1132 1287 1810 1841 2101
Total Assets 1136 1428 1394 1277 1041 1806 2222 2410 3018 3283 3890

Ashapura Minechem Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 25 43 41 41 39 50 41 35 26 70 135
Cash Flow from Operating Activities 186 231 72 -18 -217 16 -20 114 94 148 188
Cash Flow from Investing Activities -98 -208 -30 -20 160 -156 -168 -63 -130 -274 -392
Cash Flow from Financing Activities -70 -14 -43 36 68 131 182 -60 80 191 178
Net Cash Inflow / Outflow 18 9 -1 -2 11 -9 -5 -9 44 65 -25
Closing Cash & Cash Equivalent 43 52 41 39 50 41 35 26 70 135 109

Ashapura Minechem Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -4.19 18.66 -2.17 -5.19 -38.05 44.57 10.06 9.46 12.79 31.37 30.97
CEPS(Rs) -0.49 22.63 3.39 -0.77 -33.84 47.32 15.23 15.81 19.93 39.39 38.42
DPS(Rs) 0 0 0 0 0 0 0.5 0.5 0 0 1
Book NAV/Share(Rs) -16.58 2.21 -0.27 -5.42 -41.51 39.4 49.52 56.97 71.6 100.6 130.02
Core EBITDA Margin(%) 15.25 13.38 4.28 0.55 -1.12 -17.09 10.65 7.97 9.62 9.51 13.78
EBIT Margin(%) 0.63 12.29 1.88 -1.76 -48.51 123.62 14.82 12.18 11.32 14.49 14.63
Pre Tax Margin(%) -0.53 11.04 -0.14 -4.18 -51.75 114.31 9.59 7.65 7.62 11.63 11.12
PAT Margin (%) -2.21 8.54 -2.27 -5.69 -52.58 114.62 7.62 6.77 5.99 10.61 10.55
Cash Profit Margin (%) -0.24 10.98 3.54 -0.84 -47.35 123.11 11.54 11.32 9.96 13.58 13.4
ROA(%) -3.71 11.94 -1.34 -3.38 -28.21 26.92 4.34 3.74 4.04 8.94 8.06
ROE(%) 0 0 -223.37 0 0 0 22.62 18.18 18.66 35.76 26.74
ROCE(%) 9.67 165.05 8.58 -9.97 0 130.12 18.05 13.8 16.08 23.08 18.58
Receivable days 50.14 57.45 116.1 101.12 91.04 157.74 75.22 85.52 79.77 52.17 54.39
Inventory Days 43.64 50.27 118.1 114.59 119.07 209.93 81.57 100.35 94.21 72.34 78.27
Payable days 209.29 407.77 442.95 316.79 273.56 349.71 366.05 497.16 386.05 419.35 452.76
PER(x) 0 4.09 0 0 0 0.46 10.36 13.45 8.75 11.97 11.6
Price/Book(x) -4.44 34.44 -258.37 -12.24 -0.68 0.52 2.1 2.23 1.56 3.73 2.76
Dividend Yield(%) 0 0 0 0 0 0 0.48 0.39 0 0 0.28
EV/Net Sales(x) 0.44 0.45 0.84 0.91 0.63 1.71 1.33 1.38 0.93 1.61 1.63
EV/Core EBITDA(x) 2.78 3.21 15.04 61.15 41.13 -13.88 8.33 8.95 6.49 13.59 9.89
Net Sales Growth(%) 61.82 1.28 -53.09 -4.63 -21.74 -46.22 243.41 11.3 43.28 44.95 3.21
EBIT Growth(%) -94.82 1891.62 -92.89 -730.19 -2059.92 237.06 -58.84 -8.5 33.2 85.53 4.17
PAT Growth(%) -122.44 491.45 -112.35 -24.61 -623.77 217.22 -77.17 -1.09 26.81 156.71 2.62
EPS Growth(%) -120.93 545.12 -111.63 -139.17 -632.93 217.12 -77.43 -5.97 35.24 145.29 -1.29
Debt/Equity(x) -1.3 10.58 -61.8 -3.93 -0.58 1.29 1.54 1.22 1.15 1.07 0.93
Current Ratio(x) 0.55 0.61 0.57 0.6 0.47 1.02 1.16 1.14 1.24 1.19 1.23
Quick Ratio(x) 0.38 0.39 0.38 0.37 0.34 0.73 0.86 0.77 0.87 0.86 0.85
Interest Cover(x) 0.54 9.85 0.93 -0.73 -14.96 13.27 2.84 2.69 3.05 5.06 4.16
Total Debt/Mcap(x) 0.29 0.31 0.24 0.32 0.85 2.48 0.73 0.55 0.74 0.29 0.34

Ashapura Minechem Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 45.33 45.39 45.39 47.7 47.7 47.75 47.75 47.79 47.88 48.03
FII 17.57 17.2 16.35 15.6 15.87 16.39 16.25 17.83 19.04 19.32
DII 0.18 0.52 0.55 0.26 0.27 0.43 0.4 0.51 0.57 0.49
Public 36.93 36.89 37.71 36.45 36.15 35.43 35.6 33.87 32.52 32.16
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ashapura Minechem News

Ashapura Minechem Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%

Cons

  • Promoter holding is low: 48.03%.
  • Debtor days have increased from 419.35 to 452.76days.
  • Stock is trading at 4.1 times its book value.
  • The company has delivered a poor profit growth of -5% over past five years.
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