Is Ashapura Minechem a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ashapura Minechem Ltd is a average quality company .

Is Ashapura Minechem undervalued or overvalued?

The key valuation ratios of Ashapura Minechem Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Ashapura Minechem share price return in the past 10 years?

Ashapura Minechem Ltd share price has appreciated 18.7% annually (CAGR) over the past ten years.

Is Ashapura Minechem a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashapura Minechem Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Ashapura Minechem Ltd - Stock Valuation and Financial Performance

Name: Ashapura Minechem
Brand: Ashapura Minechem

BSE: 527001 | NSE: ASHAPURMIN | Mining & Minerals | Small Cap

Place order

Ashapura Minechem Share Price

₹337.50 2.35 0.70%
as on 18-Apr'24 14:09

10 Year X-Ray of Ashapura Minechem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	1,199.9%	-51.8%	-39.7%	31.7%	20.4%	8.1%	-72.3%	57.2%	2%	4.9%	-
Value Creation Index ⓘ	84.7	-4.7	-3.8	NA	NA	NA	-6.2	3.1	-0.9	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	664	749	592	236	239	337	206	421	598	223	301
Sales YoY Gr.	-	12.9%	-20.9%	-60.2%	1.5%	41.1%	-39%	104.8%	41.9%	-62.8%	-
Adj EPS ⓘ	12.1	4.3	6.2	-6.6	-6.3	-3.7	10	4.7	-2.1	-1.2	11.6
YoY Gr.	-	-64.5%	43.5%	-207.3%	NA	NA	NA	-53.2%	-144.3%	NA	-
BVPS (₹) ⓘ	-16.6	-31.1	-23.6	-29.8	-37.6	-46.2	-0.8	5.5	4	2.7	13.4
Adj Net Profit ⓘ	105	37.4	53.7	-57.6	-54.7	-32	86.7	40.6	-19	-11.1	106
Cash Flow from Ops. ⓘ	159	51.7	146	16.5	-45.6	16.9	-1	40.1	41.5	41.7	-
Debt/CF from Ops. ⓘ	1	1.8	0.5	4.1	-1.3	2.7	-94.8	2.1	1.7	1.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-11.4%	-1.4%	2.7%	-62.8%
Adj EPS ⓘ	-177.5%	NA	-149.7%	NA
BVPSⓘ	NA	NA	NA	-32%
Share Price	18.7%	64.5%	44.2%	146.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-47.8	-18	-22.6	24.8	18.7	8.8	-42.9	168.1	-42.9	-31.3	143
Op. Profit Mgn % ⓘ	17	16.6	12.4	-15.1	-9.8	3.5	-8.1	19.1	1.3	-2.5	27.5
Net Profit Mgn % ⓘ	15.9	5	9.1	-24.4	-22.9	-9.5	42.1	9.6	-3.2	-5	35.1
Debt to Equity ⓘ	-1	-0.3	-0.4	-0.3	-0.2	-0.1	-13.4	1.8	1.9	2.4	-
Working Cap Days ⓘ	267	239	305	705	591	379	598	343	274	684	324
Cash Conv. Cycle ⓘ	128	117	137	285	276	161	272	152	115	275	127

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 142.90%

Sales growth is good in last 4 quarters at 18.84%

Sales growth has been subdued in last 3 years 2.65%

Net Profit has been subdued in last 3 years -149.65%

Debt to equity has increased versus last 3 years average to 2.35

Latest Financials - Ashapura Minechem Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.6	28.3
TTM Sales (₹ Cr.)	301	2,981
BVPS (₹.) ⓘ	13.4	92.9
Reserves (₹ Cr.) ⓘ	105	831
P/BV ⓘ	24.93	3.61
PE ⓘ	29.01	11.86

From the Market
52 Week Low / High (₹)	116.40 / 483.25
All Time Low / High (₹)	1.00 / 483.25
Market Cap (₹ Cr.)	3,066
Equity (₹ Cr.)	18.3
Face Value (₹)	2
Industry PE ⓘ	17.2

Management X-Ray of Ashapura Minechem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

55.76

55.56

55.49

54.97

54.83

30.72

* Pledged shares as % of Promoter's holding (%)

Valuation of Ashapura Minechem

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Ashapura Minechem

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	664	749	592	236	239	337	206	421	598	223
Operating Expenses ⓘ	551	625	519	273	268	363	245	341	590	230
Manufacturing Costs	92	88	82	69	56	61	58	43	52	56
Material Costs	114	135	109	92	107	132	86	169	310	70
Employee Cost	25	26	38	36	31	30	24	21	25	28
Other Costs ⓘ	320	376	290	76	74	139	77	107	203	76
Operating Profit ⓘ	113	124	73	-38	-29	-25	-39	80	8	-8
Operating Profit Margin (%)	17.0%	16.6%	12.4%	-16.0%	-11.9%	-7.5%	-19.1%	19.0%	1.3%	-3.4%
Other Income ⓘ	8	9	6	13	10	9	7	22	26	40
Interest ⓘ	20	10	10	10	11	10	14	35	31	23
Depreciation ⓘ	11	16	20	24	24	23	21	20	20	15
Exceptional Items ⓘ	51	-231	15	0	-15	-26	461	19	0	0
Profit Before Tax ⓘ	141	-124	65	-59	-69	-74	393	66	-16	-6
Tax ⓘ	0	0	0	0	0	0	0	10	0	1
Profit After Tax	141	-124	65	-59	-69	-74	393	56	-16	-7
PAT Margin (%)	21.3%	-16.5%	10.9%	-25.0%	-28.7%	-22.0%	191.1%	13.2%	-2.6%	-3.1%
Adjusted EPS (₹)	16.2	-14.3	7.4	-6.8	-7.9	-8.5	45.2	6.4	-1.7	-0.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	8%	-29%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	-144	-270	-205	-259	-327	-401	-7	48	37	25
Share Capital ⓘ	17	17	17	17	17	17	17	17	18	18
Reserves ⓘ	-162	-288	-223	-276	-344	-419	-24	31	18	7
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	74	66	68	58	49	36	84	67	43	17
Long Term Debt	1	0	42	33	24	14	84	67	42	17
Short Term Debt	73	66	26	25	25	21	0	0	1	0
Trade Payables	72	51	93	50	44	67	50	117	106	51
Others Liabilities ⓘ	705	863	836	850	870	894	460	450	461	494
Total Liabilities ⓘ	707	710	792	699	636	595	587	682	646	587
Fixed Assets
Gross Block	227	232	296	334	341	337	334	336	340	295
Accumulated Depreciation	79	90	107	125	147	164	175	195	213	190
Net Fixed Assetsⓘ	148	142	189	210	194	174	159	141	127	106
CWIP ⓘ	11	9	49	2	5	7	3	1	3	2
Investmentsⓘ	39	39	39	69	68	54	67	44	40	40
Inventories	139	106	121	88	140	132	107	118	115	104
Trade Receivables	199	200	185	138	72	71	111	213	154	118
Cash Equivalents	19	28	16	7	6	22	22	17	13	28
Others Assetsⓘ	152	186	193	186	151	135	119	148	195	190
Total Assets ⓘ	707	710	792	699	636	595	587	682	646	587

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	159	52	146	16	-46	17	-1	40	41	42
PBT ⓘ	90	107	49	-59	-69	-74	393	66	-16	-6
Adjustment ⓘ	25	19	42	22	26	27	67	41	33	13
Changes in Working Capital ⓘ	-25	140	42	55	-2	65	-460	-64	28	37
Tax Paid ⓘ	-1	-2	-2	-1	-1	-2	-1	-2	-4	-3
Cash Flow From Investing Activity ⓘ	-10	-20	-102	-14	-5	15	-15	4	-2	1
Capex	-17	-28	-108	-24	-10	-2	-4	-1	-5	-4
Net Investments	0	1	0	0	0	13	-13	0	-1	0
Others ⓘ	7	7	6	10	5	4	2	5	3	5
Cash Flow From Financing Activityⓘ	-144	-29	-48	-8	50	-20	15	-51	-41	-27
Net Proceeds from Shares ⓘ	11	0	0	0	0	0	0	0	11	0
Net Proceeds from Borrowing ⓘ	-45	-1	41	0	0	0	70	-17	-17	-10
Interest Paid ⓘ	-21	-11	-27	-6	-8	-7	-37	-35	-30	-22
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	-4	-5
Others ⓘ	-89	-17	-62	-2	58	-13	-18	0	0	10
Net Cash Flow ⓘ	5	3	-3	-6	0	12	-1	-7	-2	15

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	270.37	-36.98	-22.81
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	88.63	12.26	17.16
Asset Turnover Ratio	0.95	1.06	0.79	0.32	0.36	0.55	0.35	0.66	0.9	0.36
PAT to CFO Conversion(x)	1.13	N/A	2.25	N/A	N/A	N/A	-0	0.71	N/A	N/A
Working Capital Days
Receivable Days	95	97	118	250	160	77	161	140	112	223
Inventory Days	79	60	70	161	173	147	211	97	71	180
Payable Days	203	166	240	285	160	153	249	180	131	407

Ashapura Minechem Ltd Stock News

Ashapura Minechem Ltd FAQs

What is the share price of Ashapura Minechem?

Company share prices are keep on changing according to the market conditions. The closing price of Ashapura Minechem on 18-Apr-2024 14:09 is ₹337.5.

What is the market cap of Ashapura Minechem?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Apr-2024 14:09 the market cap of Ashapura Minechem stood at ₹3,066.2.

What is the P/E ratio of Ashapura Minechem?

The latest P/E ratio of Ashapura Minechem as of 18-Apr-2024 14:09 is 29.01.

What is the P/B ratio of Ashapura Minechem?

The latest P/B ratio of Ashapura Minechem as of 18-Apr-2024 14:09 is 24.93.

What is the 52-week high and low of Ashapura Minechem?

The 52-week high of Ashapura Minechem is ₹483.2 and the 52-week low is ₹116.4.

What is the TTM revenue of Ashapura Minechem?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashapura Minechem is ₹301.2 ( Cr.) .

About Ashapura Minechem Ltd

Ashapura Minechem (AML) is mine owner and exporter of bentonite.

The Ashapura Group also has business interests in iron ore, bleaching clay, kaolin and barites. The group has mining and mineral processing units located at Belgium, Nigeria, Oman and Malaysia. In India it operates from Gujarat, Maharashtra, Karnataka, Kerala, Andhra Pradesh and Orissa.

AML is among the top six global producers of bentonite and owns 3500 acres of bentonite mines and 5500 acres of bauxite mines

The companyâ€™s mining and processing facilities are located at Kutch and Bhavnagar in Gujarat. AML has wholly-owned subsidiaries with offices located in UAE. The company has subsidiaries namely Bombay Minerals, Ashapura International, Ashapura Claytech, Ashapura Minechem (UAE) FZE

In 1998, the company diversified into bauxite and owns 100 million tones of reserves. The company commands 8% of share in global trading market.

In the year 1999 AMCOL International Corporation acquired 20 % of equity stake in AML. Due to this AML got access to AMCOL technology for various value added bentonite products. These products have applications in various industries such as oil and water well drilling, foundries, iron ore pelletization, civil engineering, etc.

Currently the company has interest in countries like Antwerp, Azerbaijan, Brazil, Nigeria, Malaysia.

In 2010 the company started new Initiatives in Indonesia to explore value added Minerals.