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Prices as of 8 Oct 2026 close · Not investment advice

Ashapura Minechem Limited

NSE: ASHAPURMINIndustrial Minerals

Share price

₹469.35

-3.82% close of 8 Oct 2026

Market cap ₹4,459 CrP/E 10.8

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

63

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4,459 Cr

P/E ratio

10.8

P/B ratio

2.7

ROCE

20.7%

ROE

28.1%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹902.4552-week low ₹459.50

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 62.6% over the past year, and 4.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 4.8% to 10.8% over the last four years.

Whether it grew faster than its sector

It grew 4.5% a year against a sector median of 10.6% — 6.0 percentage points slower.

Room to re-rate, or risk of de-rating

At 10.8× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 21.1×, across 5 companies. It is against its own five-year median of 15.3×, the 12th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 51%.

Profit growthPrice per ₹1 profitPer 1% growth
Ashapura Minechem Limited — this one51%/yr10.8×₹0.21
Lloyds Metals And Energy Limited60%/yr21.1×₹0.35
NMDC Limited17%/yr8.3×₹0.49
Gujarat Mineral Development Corporation Limited-38%/yr26.0×—
Gravita India Limited19%/yr28.4×₹1.5
MOIL Limited3%/yr15.3×₹5.1

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Industrial Minerals), it ranks 4 of 10 on returns, 7 of 8 on growth, 6 of 10 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 20.7% on capital, ahead of 60% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹1010 crore of cash from the business but spent ₹1198 crore on plant and equipment, ₹188 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹639 crore to ₹1444 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 91 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 35 days for its cash to waiting 25 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

4 of 9 checks clear · 44%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 19.2% year on year while net profit fell 5.0%.

Announced 7 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,616 Cr

Revenue vs last year

+19.2%

Revenue vs last quarter

-17.9%

Net profit

₹108 Cr

Profit vs last year

-5.0%

Profit vs last quarter

-10.5%

Net margin

6.7%

EPS

₹12.07

Earnings call transcript · 19 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹4,459 Cr
Prev close
₹469.35
52w High
₹925
52w Low
₹455
Enterprise value
₹5,592 Cr
Beta
1.3
Price CAGR 1y
-22.0%
Price CAGR 3y
18.0%
Price CAGR 5y
31.0%
Price CAGR 10y
23.0%

Ratios

Return on assets
8.9%
PEG ratio
0.2
P/E ratio
10.8
P/B ratio
2.7
EV / EBITDA
10.7
Industry P/E
15.4
ROCE
20.7%
ROCE 5y average
17.0%
ROE
28.1%
Debt / Equity
0.9
Interest coverage
4.8
Dividend yield
0.4%
ROE 3y average
27.0%
ROE last year
28.0%

Annual P&L

Annual revenue
₹5,237 Cr
Annual profit
₹416 Cr
Operating margin
11.0%
Net profit margin
7.9%
EBITDA margin
10.6%
Sales growth 3y
41.9%
Sales growth 5y
35.5%
Profit growth 3y
51.0%
Profit growth 5y
43.0%
EPS
₹42.0
Sales growth TTM
63.0%
Profit growth TTM
19.0%
Dividend payout
5.0%

Quarter P&L

Sales latest quarter
₹1,616 Cr
Profit latest quarter
₹108 Cr
YoY quarterly sales growth
19.2%
YoY quarterly profit growth
-5.3%
OPM latest quarter
11.2%

Balance Sheet

Book Value
₹174
Face Value
₹2.0
Total debt
₹1,444 Cr
Total cash
₹329 Cr
Borrowings
₹1,444 Cr
Reserves / Equity
85.8

Cash Flow

Operating cash flow
₹463 Cr
Free cash flow
₹184 Cr
FCF yield
1.5%
Net cash flow
₹206 Cr

Shareholding

Promoter holding
48.0%
FII holding
19.2%
DII holding
0.4%
Public holding
32.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Lloyds Metals1,844.5021.81,03,7400.051,733.9169.17,354.4208.627.3
NMDC72.808.664,0734.811,976.20.46,795.30.827.6
G M D C477.1026.615,1631.99163.4-0.2906.623.810.8
Gravita India1,496.0028.211,0430.42106.414.11,475.141.816.2
MOIL236.4015.84,8082.2587.670.1370.96.612.4
Ashapura Minech.488.0011.34,6550.41108.35.01,616.119.220.7
Orissa Minerals3,581.30645.72,1440.003.5223.728.747.99.6
Median444.5515.83,3990.4155.115.7343.621.515.2

Competes with: 20 Microns Limited, Goa Carbon Limited, Gravita India Limited, Gujarat Mineral Development Corporation Limited, Lloyds Metals And Energy Limited, MOIL Limited, NMDC Limited, Nile Limited, The Orissa Minerals Development Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0185547134407146048655551,3569539601,9691,616
Expenses9085246553926275407314711,1748228461,8411,435
Material Cost211258144279521512
Change in Inventories-17810749-64-46-152
Purchases of Stock-in-Trade372733503413
Employee Cost453433403736
Other Expenses3577485645411,2941,026
Operating Profit110305848876413584182131114128181
OPM %115.508.1011121116151314126.5011
Other Income3132395941020561212288814
Exceptional items (within Other Income)000-4.5600
Interest20122216171923303129243429
Depreciation18192021172012293232343537
Profit before tax1033154705736119821328185147130
Tax %61215138-2010714-30101817
Net Profit10258546760431087911410676121108
EPS in Rs116.496.167.496.514.64119.0512108.821212
Diluted EPS in Rs9.0812108.821212

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,7531,7758337946223341,1481,2781,8312,6542,7395,2375,498
Expenses1,4831,5357947906263801,0261,1761,6532,4012,3624,6824,943
Material Cost5831,202
Change in Inventories-15595
Purchases of Stock-in-Trade12095
Employee Cost159143
Other Expenses1,6623,147
Operating Profit270240394-4-45122102178252377555554
OPM %15144.700.60-0.70-141181010141110
Other Income-225242520-26548793112102211101140142
Exceptional items (within Other Income)0-4.56
Interest2022171920316058687696118116
Depreciation3544483933284558737978133138
Profit before tax-9198-1-33-32238211098139309304445443
Tax %315231,502362-0211221956
Net Profit-36162-19-45-3273838787110282289416411
EPS in Rs-4.1919-2.17-5.19-3845109.461331314243
Diluted EPS in Rs3142
Dividend Payout %000000550035

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
35%
3 years
42%
TTM
63%

Compounded profit growth

10 years
10%
5 years
43%
3 years
51%
TTM
19%

Stock price CAGR

10 years
23%
5 years
31%
3 years
18%
1 year
-22%

Return on equity

10 years
—
5 years
25%
3 years
27%
Last year
28%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital171717171717171818181919
Reserves-1622-20-65-3783294175036469121,2231,630
Borrowings1882041441852094416646397589841,1631,444
Other Liabilities1,0921,2071,1631,1481,2031,0331,1351,2641,6271,3971,5261,605
Minority Interest-20-4.46
Total Liabilities1,1361,4301,3051,2861,0511,8202,2332,4243,0503,3113,9314,698
Fixed Assets3333453363082545445275395845771,3491,499
CWIP291105219542042542625045551
Investments63146243267180274290268288321344371
Other Assets7118287216896089471,2121,3631,9151,9092,1812,778
Total Assets1,1361,4301,3051,2861,0511,8202,2332,4243,0503,3113,9314,698

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity18623172-18-21716-2011497148188463
Cash from Investing Activity-98-208-30-20160-156-168-63-130-274-392-271
Cash from Financing Activity-70-14-433668131182-608019117814
Net Cash Flow189-1-211-9-5-94765-25206
Free Cash Flow839336-45-221-3-196-2-36-125-209184

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days56611039561202928998377370
Inventory Days287269329285226532364453420390506153
Days Payable267258265187168328461387360415477245
Cash Conversion Cycle7672166193120406-515415812103-22
Working Capital Days-125-118-266-214-405-32353565213625
ROCE %211153100-42-14161216171921

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters454545454848484848484848
FIIs181817161616171618192019
DIIs0.190.180.480.450.130.140.380.260.350.380.330.40
Public363737383636353634323232
No. of Shareholders27,46631,09130,41529,92833,97430,70532,28933,26736,09639,75743,25547,193

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -30.2% (₹672.10 → ₹469.35)Brick size ₹20.19 (fixed)Bricks 79
₹600₹800₹469Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹469.35 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

EBITDA per tonne, Rs

6.30inr_per_t

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

23.50cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

5.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

3,32,71,919inr

2026-03-31

News

News and filings about Ashapura Minechem Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • bauxite ore / aluminous laterite
  • bentonite ore / clay
  • bleaching earth raw clay (attapulgite/bentonite)
  • kaolin / china clay
  • sulphuric acid

Depends on the price of

  • sulphuric_acid

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Metals & Mining
Industry
Industrial Minerals
Classification
Metals & Mining › Industrial Minerals
ISIN
INE348A01023

Plants

  • Ashapura bentonite processing facility (Bhuj)
  • Ashapura kaolin processing plant
  • Boffa bauxite port & washing plant (Guinea)

News impact

Big market events that reach Ashapura Minechem Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

22 Sep 2026unspecified₹2
17 Sep 2025unspecified₹1
21 Sep 2022unspecified₹0.5
18 Oct 2007bonus₹0

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
3 Sep 2026Himani Ankur Shah Family Trust · Promoter GroupBUY66,96,379—
3 Sep 2026Dina Chetan Shah · PromoterSELL66,96,379—
31 Aug 2026CHETAN NAVNITLAL SHAH · PromoterBUY25,0001.46
27 Aug 2026CHETAN NAVNITLAL SHAH · PromoterBUY25,0001.46

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.