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Ashapura Minechem Limited

Ashapura Minechem Limited

NSE: ASHAPURMIN
Other Industrial Metals & MiningBasic MaterialsSMALL CAPMCap ₹4.44k Cr
₹464.40₹-0.60 (-0.13%)

Market Closed • NSE

Market cap₹4.44k Cr
Enterprise value₹5.55k Cr
P/E TTM10.90
P/B2.69
EPS TTM₹42.59
ROCE20.70%
D/E0.88
Dividend yield0.00%
Face value₹2.00
52W high₹924.90
52W low₹455.10
Price chart(1Y)
1Y Return:-32.90% (₹227.65)
H: ₹751.95L: ₹461.25
1W-1.58%
1M-10.28%
3M-32.37%
6M-25.16%
1Y-30.25%
Today at a glance

Day range

₹461.25₹471.80

52 week range

₹455.10₹924.90
Volume187.4K0.62x 20D avg
Free float50.00%-38.20% volume

Ashapura Minechem Limited closed at INR464.40 (-0.13%) on volume 0.62x its 20-day average, trading 49.79% below its 52-week high.

Technical analysis
RSI (14)31.5Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹17.82High
SMA 20₹497.54BEARISH
SMA 50₹546.49BEARISH
SMA 100₹618.49BEARISH
SMA 200₹622.90BEARISH
CPR bottom₹476.35
Pivot₹472.57
CPR top₹468.78
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -10.7% QoQ

2026-09-22

DIVIDEND Announced

Dividend - Rs 2 Per Share

2025-09-17

DIVIDEND Announced

Dividend - Re 1 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.44k Cr₹4.44k Cr32.54%≤ 33%PASS
Non-halal income ratio–₹5.24k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹4.38k Cr₹4.70k Cr93.28%≥ 20%PASS
Receivables ratio–₹4.70k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E10.9021.90
Forward P/E——
P/B2.692.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield9.204.60
Growth & profitability
RevenuePAT
FY25PAT margin 10.60%
FY26PAT margin 7.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+24.10%
Revenue CAGR 5Y+13.80%
PAT CAGR 3Y+10.70%
PAT CAGR 5Y+6.80%
Operating margin9.42%
Net margin7.40%
Financial health & cash flow
Net debt₹1.13k CrModerate
Interest coverage3.60xEBIT / interest
CFO / PAT1.13x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹462.9 Cr
Capital expenditure–
Free cash flow₹183.5 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall78/100
Valuation75/100
Profitability80/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 20.7%

High Cash Flow Conversion: CFO/PAT averaged 1.13x over last 3 years

Attractive Valuation: P/E of 10.9x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Other Industrial Metals & Mining.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
19.83%Institutional holding
32.13%Public holding
5Periods available
0.00%Promoter pledged
43.26KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
22 Sept 2026Dividend₹2.00 / share—22 Sept 2026
17 Sept 2025Dividend₹1.00 / share—17 Sept 2025
—Annual General MeetingAnnual General Meeting—23 Sept 2024
—Annual General MeetingAnnual General Meeting—22 Sept 2023
—Dividend₹0.50 / share—21 Sept 2022
22 Sept 2021Dividend₹0.50 / share—21 Sept 2021
—Annual General MeetingAnnual General Meeting—21 Sept 2021
—Annual General MeetingAnnual General Meeting—22 Dec 2020
—Annual General MeetingAnnual General Meeting—19 Dec 2019
—Annual General MeetingAnnual General Meeting—19 Sept 2018
—Annual General MeetingAnnual General Meeting—11 Sept 2017
—Annual General MeetingAnnual General Meeting—19 Sept 2016
—Annual General MeetingAnnual General Meeting—15 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)45.92%+4.03% latest vs average
Highest delivery56.64%on 15 Oct
Average volume (20D)303.1KTrading-session average
Conviction trendStrengthening+4.03% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Ashapura Minechem Limited
Ashapura Minechem Limited

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]

IndiaBasic Materials

Questions investors ask
Is Ashapura Minechem Limited Shariah compliant?

Ashapura Minechem Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (32.54%) complies with AAOIFI threshold (≤ 33%).

What is Ashapura Minechem Limited's current valuation relative to peers?

Ashapura Minechem Limited trades at a P/E of 10.9x compared to the sector median of 21.9x, and a Price-to-Book of 2.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.88x. Interest coverage is 3.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 13.8% while net profit growth averaged 6.8%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.