Ashapura Minechem Ltd - Stock Valuation and Financial Performance

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

Ashapura Minechem Share Price

346.10 -7.85 -2.22%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Ashapura Minechem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Ashapura Minechem stock performance -

mw4me loader
P/E Ratio (SA):
29.96
Market Cap:
3,166.3 Cr.
52-wk low:
116.4
52-wk high:
483.3

Is Ashapura Minechem Ltd an attractive stock to invest in?

1. Is Ashapura Minechem Ltd a good quality company?

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

2. Is Ashapura Minechem Ltd 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.

3. Is Ashapura Minechem Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ashapura Minechem Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1,199.9%-51.8%-39.7%31.7%20.4%8.1%-72.3%57.2%2%4.9%-
Value Creation
Index
84.7-4.7-3.8NANANA-6.23.1-0.9-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 664749592236239337206421598223301
Sales YoY Gr.-12.9%-20.9%-60.2%1.5%41.1%-39%104.8%41.9%-62.8%-
Adj EPS 12.14.36.2-6.6-6.3-3.7104.7-2.1-1.211.6
YoY Gr.--64.5%43.5%-207.3%NANANA-53.2%-144.3%NA-
BVPS (₹) -16.6-31.1-23.6-29.8-37.6-46.2-0.85.542.713.4
Adj Net
Profit
10537.453.7-57.6-54.7-3286.740.6-19-11.1106
Cash Flow from Ops. 15951.714616.5-45.616.9-140.141.541.7-
Debt/CF from Ops. 11.80.54.1-1.32.7-94.82.11.71.4-

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
BVPSNANANA-32%
Share Price 18.5% 65.3% 41.9% 158.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-47.8-18-22.624.818.78.8-42.9168.1-42.9-31.3143
Op. Profit
Mgn %
1716.612.4-15.1-9.83.5-8.119.11.3-2.527.5
Net Profit
Mgn %
15.959.1-24.4-22.9-9.542.19.6-3.2-535.1
Debt to
Equity
-1-0.3-0.4-0.3-0.2-0.1-13.41.81.92.4-
Working Cap
Days
267239305705591379598343274684324
Cash Conv.
Cycle
128117137285276161272152115275127

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 25.74 3.73
PE 29.96 12.25
From the Market
52 Week Low / High (₹) 116.40 / 483.25
All Time Low / High (₹) 1.00 / 483.25
Market Cap (₹ Cr.) 3,166
Equity (₹ Cr.) 18.3
Face Value (₹) 2
Industry PE 17.4

Management X-Ray of Ashapura Minechem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *55.7655.7655.7655.5655.4954.9754.8354.8330.7230.72
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ashapura Minechem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales664749592236239337206421598223
Operating Expenses 551625519273268363245341590230
Manufacturing Costs92888269566158435256
Material Costs114135109921071328616931070
Employee Cost 25263836313024212528
Other Costs 32037629076741397710720376
Operating Profit 11312473-38-29-25-39808-8
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 896131097222640
Interest 20101010111014353123
Depreciation 11162024242321202015
Exceptional Items 51-231150-15-264611900
Profit Before Tax 141-12465-59-69-7439366-16-6
Tax 00000001001
Profit After Tax 141-12465-59-69-7439356-16-7
PAT Margin (%) 21.3%-16.5%10.9%-25.0%-28.7%-22.0%191.1%13.2%-2.6%-3.1%
Adjusted EPS (₹)16.2-14.37.4-6.8-7.9-8.545.26.4-1.7-0.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%8%-29%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -144-270-205-259-327-401-7483725
Share Capital 17171717171717171818
Reserves -162-288-223-276-344-419-2431187
Minority Interest0000000000
Debt74666858493684674317
Long Term Debt104233241484674217
Short Term Debt7366262525210010
Trade Payables7251935044675011710651
Others Liabilities 705863836850870894460450461494
Total Liabilities 707710792699636595587682646587

Fixed Assets

Gross Block227232296334341337334336340295
Accumulated Depreciation7990107125147164175195213190
Net Fixed Assets148142189210194174159141127106
CWIP 119492573132
Investments 39393969685467444040
Inventories13910612188140132107118115104
Trade Receivables1992001851387271111213154118
Cash Equivalents 192816762222171328
Others Assets152186193186151135119148195190
Total Assets 707710792699636595587682646587

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1595214616-4617-1404142
PBT 9010749-59-69-7439366-16-6
Adjustment 25194222262767413313
Changes in Working Capital -251404255-265-460-642837
Tax Paid -1-2-2-1-1-2-1-2-4-3
Cash Flow From Investing Activity -10-20-102-14-515-154-21
Capex -17-28-108-24-10-2-4-1-5-4
Net Investments 0100013-130-10
Others 77610542535
Cash Flow From Financing Activity -144-29-48-850-2015-51-41-27
Net Proceeds from Shares 110000000110
Net Proceeds from Borrowing -45-14100070-17-17-10
Interest Paid -21-11-27-6-8-7-37-35-30-22
Dividend Paid 00000000-4-5
Others -89-17-62-258-13-180010
Net Cash Flow 53-3-6012-1-7-215
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A270.37-36.98-22.81
ROCE (%)N/AN/AN/AN/AN/AN/AN/A88.6312.2617.16
Asset Turnover Ratio0.951.060.790.320.360.550.350.660.90.36
PAT to CFO Conversion(x)1.13N/A2.25N/AN/AN/A-00.71N/AN/A
Working Capital Days
Receivable Days959711825016077161140112223
Inventory Days7960701611731472119771180
Payable Days203166240285160153249180131407

Ashapura Minechem Ltd Stock News

Ashapura Minechem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashapura Minechem on 12-Apr-2024 16:59 is ₹346.1.
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 12-Apr-2024 16:59 the market cap of Ashapura Minechem stood at ₹3,166.3.
The latest P/E ratio of Ashapura Minechem as of 12-Apr-2024 16:59 is 29.96.
The latest P/B ratio of Ashapura Minechem as of 12-Apr-2024 16:59 is 25.74.
The 52-week high of Ashapura Minechem is ₹483.2 and the 52-week low is ₹116.4.
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 company’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.

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