Ashapura Minechem Ltd (ASHAPURMIN) AI Stock Analysis

• Market Cap: ₹64.01B
• Dividend Yield: 0.15%
• Average Volume (3M): 73.42K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 1.59
• Revenue Growth: 39.60%
• EPS Growth: 36.23%
• Country: IN
• Employees: 1,470
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 11.50
• Shares Outstanding: 95,526,100
• 10 Day Avg. Volume: 69,610
• 30 Day Avg. Volume: 73,424
• PEG Ratio: 40.78
• Price to Book (P/B): 2.79
• Price to Sales (P/S): 1.26
• P/FCF Ratio: -14.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹701.00
• Price Target Upside: 5.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 79 Outperform
• Price Target: ₹701.00 ▲(5.30% Upside)

Ashapura Minechem Ltd's strong financial performance and bullish technical indicators are the primary drivers of its high score. The company's robust revenue growth and improving profitability are complemented by positive market momentum. However, the valuation is moderate, and the absence of a dividend yield may limit its appeal to some investors.

Ashapura Minechem Ltd Business Overview & Revenue Model

Company Description

Ashapura Minechem Limited produces and sells bentonite and bauxite in India and internationally. The company offers bentonite mining, processing, and logistics services to aluminum, foundry, cosmetics, metal ore pellatization, construction, and paper industries; refractory materials for abrasives, refectories, foundries, grinding, and road surfacing applications; and hydrocarbon exploration solutions to oil well drilling and hydraulic fracturing industries. It also provides adsorbent solutions for use in various applications, including bleaching edible oils, refining of petroleum products, water purification, pet care, and bleaching waste oils; products for waterproofing, repair and restoration, admixtures, grouts, and floor hardeners. In addition, the company offers white mineral solutions for use in paper, paint, rubber, pesticide, cosmetic, pharmaceutical, ceramic, glass, plastic, and building products; and clay products for use in paints, sealants, plasters, polymers, coating and pharmaceutical applications, and aviation fuel enhancers. Ashapura Minechem Limited also exports its products. The company was founded in 1960 and is based in Mumbai, India.

How the Company Makes Money

Ashapura Minechem Ltd generates revenue through the extraction, processing, and sale of industrial minerals and chemicals. The company's key revenue streams include the sale of bauxite, bentonite, kaolin, and other minerals. These minerals are supplied to various industries such as oil and gas, where bentonite is used in drilling fluids, and construction, where bauxite is used in cement and refractory materials. Additionally, Ashapura exports its products to international markets, further contributing to its revenue. The company may also engage in strategic partnerships and joint ventures to enhance its market presence and expand its product offerings.

Ashapura Minechem Ltd Financial Statement Overview

Summary

Ashapura Minechem Ltd exhibits robust financial performance with strong revenue growth and improving profitability. The balance sheet reflects effective equity management despite moderate leverage. While operating cash flows are positive, attention is needed on capital expenditures to ensure future free cash flow improvements.

Income Statement

Ashapura Minechem Ltd has demonstrated strong revenue growth over the past years with a significant increase from 2020 to 2025. The gross profit margin has improved consistently, indicating efficient cost management. Net profit margins remain healthy, supported by rising EBIT and EBITDA margins, reflecting robust operational profitability.

Balance Sheet

The company's balance sheet shows a strong improvement in equity over the years, suggesting effective reinvestment of profits. The debt-to-equity ratio has improved, indicating better leverage management. However, the equity ratio suggests moderate reliance on debt, which could pose risks if not managed carefully.

Cash Flow

Operating cash flow has generally been positive, supporting the company's operational stability. However, free cash flow has remained negative due to high capital expenditures, which might be a concern if not resulting in future returns. The operating cash flow to net income ratio indicates reasonable cash generation relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.80B	27.39B	26.20B	17.97B	12.78B	11.39B
Gross Profit	24.78B	19.54B	18.73B	10.96B	9.06B	5.55B
EBITDA	5.17B	4.45B	4.06B	2.59B	1.97B	2.02B
Net Income	3.46B	2.96B	2.87B	1.17B	865.17M	874.82M
Balance Sheet
Total Assets	0.00	39.31B	33.11B	30.32B	24.24B	22.33B
Cash, Cash Equivalents and Short-Term Investments	1.22B	1.12B	1.45B	696.60M	329.71M	442.88M
Total Debt	0.00	11.63B	9.84B	7.58B	6.39B	6.64B
Total Liabilities	-12.23B	27.08B	23.93B	23.75B	19.03B	17.99B
Stockholders Equity	12.23B	12.42B	9.30B	6.65B	5.21B	4.34B
Cash Flow
Free Cash Flow	0.00	-2.32B	-1.84B	-366.86M	-339.42M	-2.03B
Operating Cash Flow	0.00	1.69B	1.48B	973.02M	1.14B	-199.82M
Investing Cash Flow	0.00	-4.02B	-2.74B	-1.30B	-629.40M	-1.68B
Financing Cash Flow	0.00	2.08B	1.91B	795.89M	-604.10M	1.82B

Ashapura Minechem Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 665.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHAPURMIN, the sentiment is Positive. The current price of 665.7 is above the 20-day moving average (MA) of 659.69, above the 50-day MA of 591.57, and above the 200-day MA of 461.57, indicating a bullish trend. The MACD of 22.04 indicates Positive momentum. The RSI at 55.64 is Neutral, neither overbought nor oversold. The STOCH value of 58.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASHAPURMIN.

Ashapura Minechem Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASHAPURMIN	79 Outperform	₹64.01B	18.46	―	0.15%	39.60%	36.23%
KSL	73 Outperform	₹36.18B	13.62	―	1.22%	2.03%	10.83%
KHAICHEM	69 Neutral	₹11.97B	30.30	―	0.41%	64.35%	―
IMFA	68 Neutral	₹58.99B	16.48	―	1.73%	-7.18%	-9.88%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGCHEFER	61 Neutral	₹37.72B	23.37	―	0.47%	-7.43%	8.03%
GUJALKALI	55 Neutral	₹40.18B	―	―	2.89%	8.51%	84.67%

Ashapura Minechem Ltd Corporate Events

Ashapura Minechem Ltd. Reports Decline in Quarterly Income and Profit

Ashapura Minechem Ltd. has released its unaudited financial results for the quarter ending June 30, 2025, showing a decrease in total income compared to the same period last year. The company’s net profit after tax also declined, indicating potential challenges in maintaining profitability amidst market conditions.