Ashapura Minechem Ltd logo

Ashapura Minechem Ltd

ASHAPURMIN NSE

Key Fundamentals

MicrocapIndustrial MineralsMetals & Mining
Market Cap
₹5,860 Cr
Volatility
Moderate
P/E Ratio
14
EBITDA
₹550 Cr
Return on Equity
23.65%
Debt to Equity
0.88
Book Value
₹172.65
EPS
₹17.6
52W High
₹924.9
52W Low
₹455.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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35 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • 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%

Weaknesses

1
  • Tax rate seems low

Growth Rate

Revenue Growth
86.12% ↗
Net Income Growth
43.98% ↗
Cash Flow Change
27.25% ↗
ROE
-22.99% ↘
ROCE
-17.29% ↘
EBITDA Margin (Avg.)
-35.36% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Ashapura Minechem Ltd is a metals & mining company with a market cap of ₹6,646 Cr, trading at a PE of 16.2x with strong historical profit growth of 43% CAGR over 5 years and ROE averaging 27% over 3 years. The company has shown accelerating sales growth at 91% TTM, though limited disclosure on debt and certain financial ratios warrants closer scrutiny.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 43% CAGR demonstrates sustained earnings momentum in the mining sector
  • TTM sales growth of 91% indicates a sharp acceleration in revenue, suggesting strong demand or capacity expansion
  • Consistent ROE track record of 27% over 3 years and 28% last year reflects efficient capital deployment
  • PE ratio of 16.2x is reasonable relative to the high growth profile, with profit growing at 51% CAGR over 3 years
  • Stock CAGR of 58% over 3 years shows sustained market re-rating aligned with fundamental improvement
  • 5-year compounded sales growth of 35% demonstrates the company is not a one-cycle wonder but has structural growth
  • Company is expected to deliver a good upcoming quarter based on operational trends
  • 10-year stock CAGR of 26% indicates long-term wealth creation track record for patient investors
Bear Case 8
  • Key financial ratios like debt-to-equity, EPS, and ROCE are unavailable, limiting transparency on balance sheet health
  • 52-week high and low data showing 0 suggests potential liquidity or data reliability concerns for investors
  • Low tax rate flagged as a concern — could indicate unsustainable tax benefits or one-time adjustments inflating reported profits
  • Dividend yield of only 0.14% despite strong profitability suggests limited cash return to shareholders
  • Price-to-book ratio of 4.09x is elevated for a mining company, pricing in significant future growth expectations
  • 10-year compounded profit growth of only 10% versus 43% over 5 years suggests recent growth may be cyclical rather than structural
  • Metals & mining sector is inherently cyclical — the 91% TTM sales surge could reverse with commodity price corrections
  • 10-year sales CAGR of only 11% versus 35% over 5 years highlights that long-term growth has been uneven and cycle-dependent

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Neutral 3
  • Related-party deals seek approval Aug 1

    Ashapura Minechem seeks shareholder approval via postal ballot for related-party transactions between its UAE holding company and two subsidiaries. E-voting runs Aug 2–31, 2026, with results expected by Sep 2, 2026.

  • Q1 FY27 board meeting Aug 7 Aug 1

    Board meeting scheduled for August 7, 2026 to consider unaudited standalone and consolidated financial results for Q1 ended June 30, 2026.

  • Zero promoter share encumbrance FY26 Jul 7

    Promoter group holds no encumbered shares as of March 31, 2026, confirming full compliance with SEBI regulations for FY 2025-26.

TL;DR: Recent news flow for Ashapura Minechem is entirely procedural with no material positive or negative catalysts. The company maintains clean promoter holdings with zero encumbrance and is following standard regulatory timelines for Q1 results and related-party approvals. No operational or financial risks have surfaced, but the lack of growth-oriented updates means sentiment remains neutral heading into the Q1 earnings release on August 7.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,018
554
713
440
714
604
865
555
1,356
952
960
1,969
1,616
Expenses
908
524
655
392
627
540
731
471
1,174
822
846
1,841
1,435
Operating Profit
110
30
58
48
87
64
135
84
182
131
114
128
181
OPM %
11%
6%
8%
11%
12%
11%
16%
15%
13%
14%
12%
6%
11%
Other Income
31
32
39
59
4
10
20
56
12
12
28
88
14
Interest
20
12
22
16
17
19
23
30
31
29
24
34
29
Depreciation
18
19
20
21
17
20
12
29
32
32
34
35
37
PBT
103
31
54
70
57
36
119
82
132
81
85
147
130
Tax %
6%
12%
15%
13%
8%
-20%
10%
7%
14%
-30%
10%
18%
17%
Net Profit
102
58
54
67
60
43
108
79
114
106
76
121
108
EPS in Rs
11.24
6.49
6.16
7.49
6.51
4.64
11.04
9.05
11.5
10.11
8.82
11.59
12.07
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,753
1,775
833
794
622
334
1,148
1,278
1,831
2,654
2,739
5,237
5,498
Expenses
1,483
1,535
794
790
626
380
1,026
1,176
1,653
2,401
2,362
4,682
4,943
Operating Profit
270
240
39
4
-4
-45
122
102
178
252
377
555
554
OPM %
15%
14%
4.7%
0.6%
-0.7%
-14%
11%
8%
10%
10%
14%
11%
10%
Other Income
-225
24
25
20
-265
487
93
112
102
211
101
140
142
Interest
20
22
17
19
20
31
60
58
68
76
96
118
116
Depreciation
35
44
48
39
33
28
45
58
73
79
78
133
138
PBT
-9
198
-1
-33
-322
382
110
98
139
309
304
445
443
Tax %
315%
23%
1502%
36%
2%
0%
21%
12%
21%
9%
5%
6%
—
Net Profit
-36
162
-19
-45
-327
383
87
87
110
282
289
416
411
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
42.59
Div. Payout %
0%
0%
0%
0%
0%
0%
5%
5%
0%
0%
3%
5%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
188
204
144
185
209
441
664
639
758
984
1,163
1,444
Other Liabilities
1,092
1,207
1,163
1,148
1,203
1,033
1,135
1,264
1,627
1,397
1,526
1,605
Total Liabilities
1,136
1,430
1,305
1,286
1,051
1,820
2,233
2,424
3,050
3,311
3,931
4,698
Fixed Assets
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
Other Assets
711
828
721
689
608
947
1,212
1,363
1,915
1,909
2,181
2,778
Total Assets
1,136
1,430
1,305
1,286
1,051
1,820
2,233
2,424
3,050
3,311
3,931
4,698
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
186
231
72
-18
-217
16
-20
114
97
148
188
463
Investing
-98
-208
-30
-20
160
-156
-168
-63
-130
-274
-392
-271
Financing
-70
-14
-43
36
68
131
182
-60
80
191
178
14
Net Cash Flow
18
9
-1
-2
11
-9
-5
-9
47
65
-25
206
Free Cash Flow
83
93
36
-45
-221
-3
-196
-2
-36
-125
-208
184
CFO/OP
78
108
282
-97
4,688
-39
-5
127
65
76
61
88
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
420
390
506
153
Days Payable
267
258
265
187
168
328
461
387
360
415
477
245
Cash Conversion Cycle
76
72
166
193
120
406
-5
154
158
12
103
-22
Working Capital Days
-125
-118
-266
-214
-405
-32
35
35
65
21
36
25
ROCE %
211%
153%
10%
0%
-42%
-14%
16%
12%
16%
17%
19%
21%

Shareholding Pattern

As of Jun 2026
Promoters 48.03%
Public 24.82%
FIIs 19.22%
Others 7.53%
DIIs 0.40%
Total 100.00%
  Mar 2021Jun 2021Aug 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Aug 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
41.42%
41.71%
44.58%
44.58%
44.58%
44.58%
44.74%
44.79%
45.22%
45.33%
45.33%
45.33%
45.33%
45.39%
45.39%
47.70%
47.70%
47.70%
47.75%
47.75%
47.79%
47.88%
48.03%
48.03%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
18.03%
0.00%
17.24%
16.45%
15.64%
15.73%
16.00%
16.55%
16.42%
18.01%
19.25%
19.51%
19.22%
DIIs
0.16%
0.16%
0.14%
0.14%
0.14%
0.14%
0.14%
0.14%
0.14%
0.14%
0.14%
0.22%
0.14%
0.50%
0.45%
0.41%
0.13%
0.15%
0.38%
0.26%
0.35%
0.38%
0.33%
0.40%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
25.33%
25.68%
24.23%
24.27%
24.54%
23.65%
25.20%
28.99%
29.30%
28.88%
28.57%
26.32%
25.94%
26.71%
26.96%
25.75%
27.49%
26.40%
26.41%
26.62%
24.52%
23.89%
24.79%
24.82%
Others
33.08%
32.45%
31.06%
31.02%
30.75%
31.64%
29.92%
26.07%
25.34%
25.65%
25.96%
10.11%
28.59%
10.17%
10.75%
10.50%
8.95%
9.75%
8.90%
8.95%
9.32%
8.60%
7.35%
7.53%
No. of Shareholders
22,375
23,802
22,936
23,241
24,002
23,667
26,228
28,424
28,033
26,214
25,557
27,466
31,091
30,415
29,928
31,328
33,974
30,705
32,289
33,267
36,096
39,757
43,255
47,193

Documents

Frequently Asked Questions about Ashapura Minechem Ltd

What does Ashapura Minechem Ltd do?
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 ce...
Where is Ashapura Minechem Ltd (ASHAPURMIN) listed?
Ashapura Minechem Ltd is listed on the Indian stock exchanges. It is listed on NSE: ASHAPURMIN and BSE: 527001. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ashapura Minechem Ltd belong to?
Ashapura Minechem Ltd operates in the Metals & Mining sector within the Industrial Minerals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ashapura Minechem Ltd?
Ashapura Minechem Ltd has a market capitalisation of approximately ₹5860.05 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Ashapura Minechem Ltd?
The Price-to-Earnings (PE) ratio of Ashapura Minechem Ltd is 14.00. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ashapura Minechem Ltd?
Over the past 52 weeks, Ashapura Minechem Ltd has traded between a low of ₹455.1 and a high of ₹924.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Ashapura Minechem Ltd pay dividends?
Yes, Ashapura Minechem Ltd has a dividend yield of 0.16%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Ashapura Minechem Ltd?
Ashapura Minechem Ltd has a Return on Equity (ROE) of 23.65%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ashapura Minechem Ltd on Tapetide?
On Tapetide, you can view Ashapura Minechem Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website ashapura.com
CEO Mr. Hemul Ramesh Shah
Employees 1,560
Listed 1995-09-20
Face Value ₹ 2
Issued Size 9,55,26,098

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