Is Ashapura Minechem Ltd (ASHAPURMIN) 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 Ltd (ASHAPURMIN) 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 Ltd (ASHAPURMIN) share price return in the past 10 years?

Ashapura Minechem Ltd share price has appreciated 23.1% annually (CAGR) over the past ten years.

Is Ashapura Minechem Ltd (ASHAPURMIN) a good buy now?

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

What is the share price of Ashapura Minechem Ltd (ASHAPURMIN)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ashapura Minechem Ltd (ASHAPURMIN) on 17-Apr-2026 16:59:59 at 16:59 is 617.75.

What is the P/E ratio of Ashapura Minechem?

The latest standalone P/E ratio of Ashapura Minechem as of 17-Apr-2026 is 44.08.

What is the P/B ratio of Ashapura Minechem Ltd (ASHAPURMIN)?

The latest standalone P/B ratio of Ashapura Minechem Ltd (ASHAPURMIN) as of 17-Apr-2026 is 14.16.

What is the 52-week high and low of Ashapura Minechem Ltd (ASHAPURMIN)?

The 52-week high of Ashapura Minechem Ltd (ASHAPURMIN) is Rs. 924.70 and the 52-week low is Rs. 317.00.

Ashapura Minechem Ltd (ASHAPURMIN) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Ashapura Minechem Ltd (ASHAPURMIN)
Brand: Ashapura Minechem

Ashapura Minechem Ltd (ASHAPURMIN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ashapura Minechem Ltd (ASHAPURMIN)

BSE: 527001 NSE: ASHAPURMIN

Key Metrics

Market Cap

₹5,901 Cr.

P/E Ratio

44.08

Price to Book (P/B)

14.16

Price to Sales (P/S)

13.50

EV/EBITDA

44.21

Return on Capital Employed (ROCE)

24.93%

Current Price

₹617.8

Return on Equity (ROE)

33.63%

Return on Assets (ROA)

13.75%

Operating Profit Margin

19.7%

Net Profit Margin

22.76%

Gross Profit Margin

21.8%

Book Value per Share

₹43.6

Sales Growth (YoY)

11.52%

Sales Growth (3 Years)

-14.68%

Operating Profit Growth (1 Year)

-16.92%

Operating Profit Growth (3 Years)

109.95%

Net Profit Growth (1 Year)

-49.2%

52-Week Low / High

₹317 / 925

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.28%

Promoter Holding

47.88%

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

0.00%

Check Before You Invest

Q.1 Revenue growth of Ashapura Minechem Ltd?

Ashapura Minechem Ltd revenue growth is 11.5% for FY-2025 , which is below its 5 year CAGR of 12.5% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Ashapura Minechem Ltd?

Promoters hold 47.88% of the Ashapura Minechem Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Ashapura Minechem Ltd vs industry peers?

Ashapura Minechem Ltd revenue CAGR is 12.53% , compared to the industry median CAGR of 1.53% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Ashapura Minechem Ltd belong to?

Ashapura Minechem Ltd belongs to the Metals & Mining sector, operating specifically within the Mining & Minerals segment.

Q.1 Stock return of Ashapura Minechem Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 22.6% based on the current price.

DeciZen - make an informed investing decision on Ashapura Minechem

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Ashapura Minechem stock performance

Key Ratios

Is Ashapura Minechem Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0%	0%	0%	0%	0%	88.6%	12.3%	17.5%	99.3%	24.9%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	5.3	-0.1	0.3	6.1	0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	592	236	239	337	206	421	598	223	333	372	437
Sales YoY Gr.	-	-60.2%	1.5%	41.1%	-39%	104.8%	41.9%	-62.8%	49.6%	11.5%	-
Adj EPS ⓘ	6.2	-6.6	-6.3	-3.7	10	4.7	-2.1	-1.2	12.4	8.5	14
YoY Gr.	-	-207.3%	NA	NA	NA	-53.2%	-144.3%	NA	NA	-31.1%	-
BVPS (₹) ⓘ	-23.6	-29.8	-37.6	-46.2	-0.8	5.5	4	2.7	20.8	32.8	43.6
Adj Net Profit ⓘ	53.7	-57.6	-54.7	-32	86.7	40.6	-19	-11.1	113	81.6	134
Cash Flow from Ops. ⓘ	146	16.5	-45.6	16.9	-1	40.1	41.5	38.1	-12.9	-46.4	-
Debt/CF from Ops. ⓘ	0.5	4.1	-1.3	2.7	-94.8	2.1	1.7	1.4	-3.5	-1.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-5.1%	12.5%	-14.7%	11.5%
Adj EPS ⓘ	3.7%	-3.1%	NA	-31.1%
BVPSⓘ	NA	NA	101.6%	57.8%
Share Price	23.1%	40.6%	65.3%	60.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-22.6	24.8	18.7	8.8	-42.9	168.1	-42.9	-31.3	96.8	31.8	36.7
Op. Profit Mgn % ⓘ	12.4	-15.1	-9.8	3.5	-8.1	19.1	1.3	-2.5	26.4	19.7	25.1
Net Profit Mgn % ⓘ	9.1	-24.4	-22.9	-9.5	42.1	9.6	-3.2	-5	34	22	30.6
Debt to Equity ⓘ	-0.4	-0.3	-0.2	-0.1	-13.4	1.8	1.9	2.2	0.2	0.3	-
Working Cap Days ⓘ	305	705	591	379	598	343	274	676	409	423	215
Cash Conv. Cycle ⓘ	137	285	276	161	272	152	115	274	155	191	145

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	14	39.5
TTM Sales (₹ Cr.)	437	3,824
BVPS (₹) ⓘ	43.6	156.8
Reserves (₹ Cr.) ⓘ	398	1,479
P/BV ⓘ	14.16	3.94
PE ⓘ	44.08	15.65

From the Market
52 Week Low / High (₹)	317.00 / 924.70
All Time Low / High (₹)	1.00 / 924.70
Market Cap (₹ Cr.)	5,901
Equity (₹ Cr.)	19.1
Face Value (₹)	2
Industry PE ⓘ	15.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

30.72

30.68

14.79

0.00

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

Valuation of Ashapura Minechem - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	592	236	239	337	206	421	598	223	333	372
Operating Expenses ⓘ +	519	273	268	363	245	341	590	230	245	298
Manufacturing Costs	82	69	56	61	58	43	52	56	77	81
Material Costs	109	92	107	132	86	169	310	70	85	120
Employee Cost	38	36	31	30	24	21	25	28	30	30
Other Costs ⓘ	290	76	74	139	77	107	203	76	54	68
Operating Profit ⓘ	73	-38	-29	-25	-39	80	8	-8	88	73
Operating Profit Margin (%)	12.4%	-16.0%	-11.9%	-7.5%	-19.1%	19.0%	1.3%	-3.4%	26.4%	19.7%
Other Income ⓘ +	6	13	10	9	7	22	26	40	13	15
Exceptional Items ⓘ	15	0	-15	-26	461	19	0	0	75	0
Interest ⓘ	10	10	11	10	14	35	31	23	15	7
Depreciation ⓘ	20	24	24	23	21	20	20	15	10	9
Profit Before Tax ⓘ	65	-59	-69	-74	393	66	-16	-6	151	72
Tax ⓘ	0	0	0	0	0	10	0	1	-15	-13
Profit After Tax	65	-59	-69	-74	393	56	-16	-7	166	85
PAT Margin (%)	10.9%	-25.0%	-28.7%	-22.0%	191.1%	13.2%	-2.6%	-3.2%	50.0%	22.8%
Adjusted EPS (₹)	7.4	-6.8	-7.9	-8.5	45.2	6.4	-1.7	-0.8	18.2	8.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	8%	-29%	0%	0%	11%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	-205	-259	-327	-401	-7	48	37	25	190	313
Share Capital ⓘ	17	17	17	17	17	17	18	18	18	19
Reserves ⓘ	-223	-276	-344	-419	-24	31	18	7	172	294
Debt +	68	58	49	36	84	67	43	17	17	77
Long Term Debt	42	33	24	14	84	67	42	17	17	77
Short Term Debt	26	25	25	21	0	0	1	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	93	50	44	67	50	117	106	51	60	70
Others Liabilities ⓘ	836	850	870	894	460	450	461	493	279	223
Total Liabilities ⓘ	792	699	636	595	587	682	646	586	546	684
Fixed Assets
Net Fixed Assets ⓘ +	189	210	194	174	159	141	127	106	94	93
Gross Block	296	334	341	337	334	336	340	295	286	292
Accumulated Depreciation	107	125	147	164	175	195	213	190	192	199
CWIP ⓘ	49	2	5	7	3	1	3	2	6	7
Investments ⓘ	39	44	44	31	44	44	40	40	40	40
Inventories	121	88	140	132	107	118	115	104	92	90
Trade Receivables	185	138	72	71	111	213	154	117	131	245
Cash Equivalents	16	7	6	22	22	17	13	28	21	28
Others Assets ⓘ	193	211	175	159	142	148	195	190	162	181
Total Assets ⓘ	792	699	636	595	587	682	646	586	546	684

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	146	16	-46	17	-1	40	41	38	-13	-46
PBT ⓘ	49	-59	-69	-74	393	66	-16	-6	151	72
Adjustment ⓘ	42	22	26	27	67	41	33	13	-3	10
Changes in Working Capital ⓘ	42	55	-2	65	-460	-64	28	33	-158	-131
Tax Paid ⓘ	-2	-1	-1	-2	-1	-2	-4	-3	-3	4
Cash Flow From Investing Activity ⓘ +	-102	-14	-5	15	-15	4	-2	1	33	-2
Capex	-108	-24	-10	-2	-4	-1	-5	-4	27	-8
Net Investments	0	0	0	13	-13	0	-1	0	0	0
Others ⓘ	6	10	5	4	2	5	3	5	5	6
Cash Flow From Financing Activity ⓘ +	-48	-8	50	-20	15	-51	-41	-27	-27	54
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	11	0	0	0
Net Proceeds from Borrowing ⓘ	41	-9	-9	-9	70	-17	-25	-10	-10	33
Interest Paid ⓘ	-27	-6	-8	-7	-37	-35	-30	-22	-17	-8
Dividend Paid ⓘ	-0	0	0	0	0	0	-4	-5	-0	-0
Others ⓘ	-62	7	67	-4	-18	0	8	10	0	29
Net Cash Flow ⓘ	-3	-6	-0	12	-1	-7	-2	12	-7	5

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	270.37	-36.98	-22.81	154.93	33.63
ROCE (%)	N/A	N/A	N/A	N/A	N/A	88.63	12.26	17.5	99.28	24.93
Asset Turnover Ratio	0.79	0.32	0.36	0.55	0.35	0.66	0.9	0.36	0.59	0.6
PAT to CFO Conversion(x)	2.25	N/A	N/A	N/A	-0	0.71	N/A	N/A	-0.08	-0.54
Working Capital Days
Receivable Days	118	250	160	77	161	140	112	222	136	185
Inventory Days	70	161	173	147	211	97	71	180	108	89
Payable Days	240	285	160	153	249	180	131	407	238	198

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Ashapura Minechem Ltd FAQs

The current trading price of Ashapura Minechem on 17-Apr-2026 16:59 is ₹617.8.

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 16-Apr-2026 the market cap of Ashapura Minechem stood at ₹5,901.1 Cr

The latest P/E ratio of Ashapura Minechem as of 16-Apr-2026 is 44.08.

The latest P/B ratio of Ashapura Minechem as of 16-Apr-2026 is 14.16.

The 52-week high of Ashapura Minechem is ₹924.7 and the 52-week low is ₹317.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashapura Minechem is ₹437 ( 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.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Ashapura Minechem Ltd (ASHAPURMIN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ashapura Minechem Share Price