Ashapura Minechem Ltd (ASHAPURMIN) AI Stock Analysis

• Market Cap: ₹84.23B
• Dividend Yield: 0.12%
• Average Volume (3M): 70.83K
• Price to Earnings (P/E): 20.4
• Beta (1Y): 1.40
• Revenue Growth: 50.87%
• EPS Growth: 67.68%
• Country: IN
• Employees: 1,470
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 10.11
• Shares Outstanding: 95,526,100
• 10 Day Avg. Volume: 60,580
• 30 Day Avg. Volume: 70,827
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: ₹844.00 ▼(-6.42% Downside)

Ashapura Minechem Ltd's overall stock score is driven by its strong financial performance and positive technical indicators. The company's robust revenue growth and improving profitability are significant strengths. Technical analysis supports a bullish outlook, though valuation metrics suggest the stock is fairly valued. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and effective product demand, supporting long-term business sustainability.

Profitability

Consistent profitability improvements suggest effective cost management and operational efficiency, enhancing long-term financial health.

Balance Sheet Health

Better leverage management and strong equity growth indicate financial stability and reduced risk, supporting long-term resilience.

Negative Factors

Capital Expenditures

High capital expenditures leading to negative free cash flow could strain financial resources if not resulting in future returns.

Debt Reliance

Moderate debt reliance poses potential risks if economic conditions worsen, impacting financial flexibility and stability.

Dividend Yield

A low dividend yield may deter income-focused investors, limiting attractiveness to a broader investor base and impacting stock demand.

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 primarily through the sale of its mineral products, including bentonite, barites, and other specialized minerals. The company has established key revenue streams through contracts with various industries that utilize these minerals in their operations, such as oil drilling, construction materials, and agricultural additives. Additionally, Ashapura Minechem benefits from strategic partnerships with other companies in related sectors, enhancing its market reach and operational capabilities. The company also invests in research and development to innovate its product offerings, which helps in maintaining a competitive edge and driving sales growth.

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	5.42B	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: 901.90
• 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 901.9 is above the 20-day moving average (MA) of 851.88, above the 50-day MA of 753.03, and above the 200-day MA of 553.41, indicating a bullish trend. The MACD of 40.96 indicates Positive momentum. The RSI at 63.72 is Neutral, neither overbought nor oversold. The STOCH value of 28.51 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	77 Outperform	₹84.23B	20.44	―	0.12%	50.87%	67.68%
KSL	76 Outperform	₹30.24B	11.65	―	1.36%	-0.46%	4.85%
IMFA	68 Neutral	₹66.49B	20.03	―	1.05%	-6.18%	-23.70%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGCHEFER	61 Neutral	₹36.55B	22.64	―	0.49%	-7.43%	8.03%
GUJALKALI	59 Neutral	₹35.53B	23,644.61	―	3.11%	10.35%	―
KHAICHEM	58 Neutral	₹6.81B	10.41	―	―	67.43%	―

Ashapura Minechem Ltd Corporate Events

Ashapura Minechem Boosts Bauxite Exports with New Bridge in Guinea

Ashapura Minechem Ltd has successfully commissioned a critical bridge over the Konkoure river in Guinea, connecting its Boffa East mines to the logistics route leading to the Boffa port. This infrastructure project, a first for Ashapura, is expected to significantly boost the company’s bauxite export operations by providing access to approximately 80 million tonnes of high-grade bauxite reserves, thereby reinforcing its commitment to regional development and improving operational efficiency.

Ashapura Minechem Ltd Schedules Q2 FY2026 Earnings Conference Call

Ashapura Minechem Ltd announced an upcoming Earnings Conference Call scheduled for September 21, 2025, to discuss its operational and financial performance for the second quarter of FY2026. This call represents an opportunity for stakeholders to gain insights into the company’s recent performance and strategic direction, potentially impacting investor perceptions and market positioning.