Ashapura Minechem Ltd (IN:ASHAPURMIN)
:ASHAPURMIN
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Ashapura Minechem Ltd
(ASHAPURMIN)
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Rating:70Outperform
Price Target:
₹583.00
▼(-35.36% Downside)
Action:UpgradedDate:02/07/26
Overall score is driven primarily by strong financial performance (growth and improving profitability, with manageable leverage), partially offset by weak technical momentum (below key moving averages with negative MACD). Valuation is fair with a moderate P/E but limited support from a low dividend yield.
Positive Factors
Revenue and Margin Improvement
Ashapura has demonstrated multi-year revenue expansion with rising gross, EBIT and EBITDA margins. Sustained margin improvement reflects better cost management and product mix (more value-added grades). This durable profitability trend supports internal reinvestment and resilience over the next 2–6 months.
Negative Factors
Negative Free Cash Flow from High CapEx
Persistent negative free cash flow driven by heavy capital spending can erode liquidity and necessitate external funding. Even with positive operating cash flow, sustained negative FCF limits ability to pay down debt or return capital and raises execution risk if capex does not generate expected returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Improvement
Ashapura has demonstrated multi-year revenue expansion with rising gross, EBIT and EBITDA margins. Sustained margin improvement reflects better cost management and product mix (more value-added grades). This durable profitability trend supports internal reinvestment and resilience over the next 2–6 months.
Read all positive factors
Ashapura Minechem Ltd (ASHAPURMIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹50.62B
Dividend Yield0.12%
Average Volume (3M)70.83K
Price to Earnings (P/E)24.9
Beta (1Y)1.41
Revenue Growth50.87%
EPS Growth67.68%
CountryIN
Employees1,470
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)8.81
Shares Outstanding95,526,100
10 Day Avg. Volume60,580
30 Day Avg. Volume70,827
Financial Highlights & Ratios
PEG Ratio40.78
Price to Book (P/B)2.79
Price to Sales (P/S)1.26
P/FCF Ratio-14.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 pa...
How the Company Makes Money
Ashapura Minechem Ltd makes money primarily by selling industrial minerals and mineral-based products, with revenue generated from (1) domestic sales to Indian industrial customers and (2) exports to international customers. Its core monetisation ...
Ashapura Minechem Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.29B | 27.39B | 26.20B | 17.97B | 12.78B | 11.39B |
| Gross Profit | 27.04B | 19.54B | 18.73B | 10.96B | 9.06B | 5.55B |
| EBITDA | 6.09B | 4.45B | 4.06B | 2.59B | 1.97B | 2.02B |
| Net Income | 3.98B | 2.96B | 2.87B | 1.17B | 865.17M | 874.82M |
Balance Sheet | ||||||
| Total Assets | 41.52B | 39.31B | 33.11B | 30.32B | 24.24B | 22.33B |
| Cash, Cash Equivalents and Short-Term Investments | 5.43B | 1.12B | 1.45B | 696.60M | 329.71M | 442.88M |
| Total Debt | 12.28B | 11.63B | 9.84B | 7.58B | 6.39B | 6.64B |
| Total Liabilities | 27.32B | 27.08B | 23.93B | 23.75B | 19.03B | 17.99B |
| Stockholders Equity | 14.26B | 12.42B | 9.30B | 6.65B | 5.21B | 4.34B |
Cash Flow | ||||||
| Free Cash Flow | 1.48B | -2.32B | -1.84B | -366.86M | -339.42M | -2.03B |
| Operating Cash Flow | 2.22B | 1.69B | 1.48B | 973.02M | 1.14B | -199.82M |
| Investing Cash Flow | -756.40M | -4.02B | -2.74B | -1.30B | -629.40M | -1.68B |
| Financing Cash Flow | 423.70M | 2.08B | 1.91B | 795.89M | -604.10M | 1.82B |
Ashapura Minechem Ltd Technical Analysis
Negative
901.90
Price Trends
549.27
Negative
662.04
Negative
613.60
Negative
Market Momentum
-11.58
Negative
53.37
Neutral
88.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHAPURMIN, the sentiment is Negative. The current price of 901.9 is above the 20-day moving average (MA) of 499.66, above the 50-day MA of 549.27, and above the 200-day MA of 613.60, indicating a neutral trend. The MACD of -11.58 indicates Negative momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 88.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASHAPURMIN.
Ashapura Minechem Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹50.62B | 24.92 | ― | 0.12% | 50.87% | 67.68% | |
68 Neutral | ₹75.54B | 15.33 | ― | 1.05% | -6.18% | -23.70% | |
67 Neutral | ₹28.63B | 13.58 | ― | 1.36% | -0.46% | 4.85% | |
66 Neutral | ₹5.24B | 9.32 | ― | ― | 67.43% | ― | |
65 Neutral | ₹45.46B | -46.40 | ― | 3.11% | 10.35% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:ASHAPURMIN
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Khaitan Chemicals & Fertilizers Ltd.
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IN:KSL
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667.75
-85.78
-11.38%
Ashapura Minechem Ltd Corporate Events
Ashapura Minechem Launches Postal Ballot for Shareholder E-Voting
Mar 27, 2026
Ashapura Minechem Ltd has initiated a postal ballot process to seek shareholder approval on certain corporate resolutions, in line with the Companies Act, 2013, SEBI listing regulations and relevant MCA circulars. The company has appointed an inde...
Ashapura Minechem announces scheduled exit of independent director Pundarik Sanyal
Feb 8, 2026
Ashapura Minechem Ltd has announced that independent director Shri Pundarik Sanyal has ceased to be a member of its board with effect from the close of business on 8 February 2026, following the completion of his second term. The board has formall...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.