Ashapura Minechem Ltd

Ashapura Minech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashapura Minechem Ltd

₹ 399 -2.95%
20 Dec - close price
ashapura.com BSE: 527001 NSE: ASHAPURMIN
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

Website BSE NSE
  • Market Cap ₹ 3,813 Cr.
  • Current Price ₹ 399
  • High / Low ₹ 472 / 200
  • Stock P/E 47.9
  • Book Value ₹ 27.9
  • Dividend Yield 0.00 %
  • ROCE 54.4 %
  • ROE 78.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.9%
  • Promoter holding has increased by 2.31% over last quarter.

Cons

  • Stock is trading at 14.3 times its book value
  • The company has delivered a poor sales growth of -0.26% over past five years.
  • Earnings include an other income of Rs.76.0 Cr.

* 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.

Peer comparison

Sector: Mining & Mineral products Industry: Mining / Minerals / Metals

Part of BSE SmallCap BSE Allcap BSE Commodities

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
144 51 115 68 47 60 47 91 67 97 79 78 74
150 68 109 72 55 63 41 52 58 68 68 54 62
Operating Profit -6 -17 6 -4 -7 -3 6 39 8 30 10 23 12
OPM % -4% -33% 5% -5% -16% -5% 12% 43% 13% 30% 13% 30% 16%
20 2 3 6 11 14 10 4 15 11 58 2 5
Interest 8 8 7 7 6 5 5 4 3 3 3 2 2
Depreciation 5 5 5 5 5 3 3 3 3 3 3 3 2
Profit before tax 1 -28 -3 -9 -7 2 9 36 18 35 63 21 13
Tax % -0% -0% -0% -0% -0% -0% 14% -18% -7% -6% -9% -16% -11%
1 -28 -3 -9 -7 2 8 42 19 37 68 24 14
EPS in Rs 0.12 -3.01 -0.30 -1.01 -0.81 0.22 0.83 4.62 2.07 4.03 7.47 2.62 1.49
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
478 664 749 592 236 239 337 206 421 598 223 333 328
396 551 626 520 272 268 630 242 341 590 228 245 252
Operating Profit 83 112 124 73 -37 -29 -292 -37 80 8 -6 88 75
OPM % 17% 17% 17% 12% -16% -12% -87% -18% 19% 1% -2% 26% 23%
7 59 -222 22 12 -5 250 465 41 26 38 88 76
Interest 46 19 10 9 10 11 10 14 35 30 23 15 10
Depreciation 11 11 16 20 24 24 23 21 20 20 15 10 10
Profit before tax 32 141 -124 65 -59 -69 -74 393 66 -16 -6 151 131
Tax % 0% -0% -0% -0% -0% -0% -0% -0% 16% -0% 20% -10%
32 141 -124 65 -59 -69 -74 393 56 -16 -7 166 143
EPS in Rs 3.90 16.24 -14.25 7.44 -6.78 -7.90 -8.54 45.22 6.40 -1.71 -0.77 18.19 15.61
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% 8% -29% -0% -0%
Compounded Sales Growth
10 Years: -7%
5 Years: 0%
3 Years: -8%
TTM: 24%
Compounded Profit Growth
10 Years: 0%
5 Years: 31%
3 Years: 36%
TTM: 32%
Stock Price CAGR
10 Years: 22%
5 Years: 73%
3 Years: 61%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: %
3 Years: 36%
Last Year: 78%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 17 17 17 17 17 18 18 18 19
Reserves -313 -162 -288 -223 -276 -344 -419 -21 34 18 16 181 247
310 151 92 78 67 58 45 93 86 68 55 45 44
672 700 888 920 891 904 951 497 545 541 496 317 332
Total Liabilities 686 707 710 792 699 636 595 587 682 646 586 561 642
149 148 142 189 234 218 197 181 164 148 126 114 112
CWIP 5 11 9 49 2 5 7 3 1 3 2 6 6
Investments 39 39 39 39 44 44 31 44 44 40 40 40 50
493 509 520 515 418 369 360 358 474 456 418 402 475
Total Assets 686 707 710 792 699 636 595 587 682 646 586 561 642

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
114 -0 52 146 16 -46 17 -1 40 41 38 -13
5 -0 -20 -102 -14 -5 15 -15 4 -2 1 33
-113 -0 -29 -48 -8 50 -20 15 -51 -41 -27 -27
Net Cash Flow 6 -0 3 -3 -6 -0 12 -1 -7 -2 12 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 111 109 97 114 214 109 77 196 185 94 192 143
Inventory Days 689 445 287 282 259 403 309 391 255 135 498 321
Days Payable 251 231 137 219 149 126 157 183 253 125 244 214
Cash Conversion Cycle 549 323 247 177 324 387 229 404 187 104 446 250
Working Capital Days -295 -198 -241 -329 -910 -677 -707 178 124 44 246 189
ROCE % 1,100% 72% 12% 20% 54%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.58% 44.58% 44.74% 44.79% 45.22% 45.33% 45.33% 45.33% 45.33% 45.39% 45.39% 47.70%
21.12% 20.60% 19.12% 16.32% 16.35% 16.99% 17.09% 18.03% 17.56% 17.24% 16.45% 15.72%
0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.19% 0.18% 0.48% 0.45% 0.13%
34.17% 34.68% 36.00% 38.75% 38.29% 37.53% 37.43% 36.44% 36.92% 36.89% 37.71% 36.44%
No. of Shareholders 24,00223,66726,22828,42428,03326,21425,55727,46631,09130,41529,92833,974

* 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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Documents

Announcements

Annual reports