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Ashapura Minechem Ltd
(ASHAPURMIN)
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Rating:62Neutral
Price Target:
₹576.00
▼(-36.13% Downside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by strong financial growth but constrained by balance-sheet leverage and a historically volatile cash-flow profile (despite improvement in 2026). Technical indicators are mixed/soft with weak RSI and the stock trading below key short-term averages, while valuation is supportive with a moderate P/E but limited dividend yield.
Positive Factors
Strong Revenue Growth
The company has delivered strong multi-year revenue expansion, demonstrating growing demand for its industrial mineral products and increasing market reach. Continued top-line growth can support operating scale, strengthen customer relationships, and provide a durable base for further earnings development.
Negative Factors
Elevated Leverage
Debt remains close to equity despite recent improvement, leaving the company meaningfully reliant on borrowed funding. Elevated leverage can limit flexibility when industrial-material conditions weaken, increase financing pressure, and constrain the ability to fund growth or absorb operating setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The company has delivered strong multi-year revenue expansion, demonstrating growing demand for its industrial mineral products and increasing market reach. Continued top-line growth can support operating scale, strengthen customer relationships, and provide a durable base for further earnings development.
Read all positive factors
Ashapura Minechem Ltd (ASHAPURMIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.63B
Dividend Yield0.18%
Average Volume (3M)90.03K
Price to Earnings (P/E)12.7
Beta (1Y)1.46
Revenue Growth62.64%
EPS Growth17.34%
CountryIN
Employees1,574
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)42.59
Shares Outstanding95,526,100
10 Day Avg. Volume87,607
30 Day Avg. Volume90,034
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)2.66
Price to Sales (P/S)0.84
P/FCF Ratio29.20
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 operates as a global producer and distributor, specializing in bentonite and bauxite. The company provides a full suite of bentonite services, encompassing mining, processing, and logistics, catering to a wide array of se...
How the Company Makes Money
Ashapura Minechem Ltd makes money by extracting, processing, and selling industrial minerals and mineral-based products. Its revenue is generated mainly from (1) sales of processed minerals (including bentonite-based and other industrial mineral p...
Ashapura Minechem Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.98B | 52.37B | 27.39B | 26.20B | 17.97B | 12.78B |
| Gross Profit | 38.74B | 35.69B | 19.54B | 18.73B | 10.96B | 9.06B |
| EBITDA | 5.80B | 6.74B | 4.45B | 4.06B | 2.59B | 1.97B |
| Net Income | 4.07B | 4.01B | 2.96B | 2.87B | 1.17B | 865.17M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 46.98B | 39.31B | 33.11B | 30.32B | 24.24B |
| Cash, Cash Equivalents and Short-Term Investments | 3.29B | 3.29B | 1.12B | 1.45B | 696.60M | 329.71M |
| Total Debt | 0.00 | 14.44B | 11.63B | 9.84B | 7.58B | 6.39B |
| Total Liabilities | -16.45B | 30.53B | 27.08B | 23.93B | 23.75B | 19.03B |
| Stockholders Equity | 16.45B | 16.49B | 12.42B | 9.30B | 6.65B | 5.21B |
Cash Flow | ||||||
| Free Cash Flow | 1.48B | 1.50B | -2.32B | -1.84B | -366.86M | -339.42M |
| Operating Cash Flow | 2.22B | 4.30B | 1.69B | 1.48B | 973.02M | 1.14B |
| Investing Cash Flow | -756.40M | -2.65B | -4.02B | -2.74B | -1.30B | -629.40M |
| Financing Cash Flow | 423.70M | 422.30M | 2.08B | 1.91B | 795.89M | -604.10M |
Ashapura Minechem Ltd Technical Analysis
Negative
901.90
Price Trends
636.05
Negative
653.72
Negative
654.60
Negative
Market Momentum
-28.42
Negative
32.76
Neutral
24.96
Neutral
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 569.72, above the 50-day MA of 636.05, and above the 200-day MA of 654.60, indicating a bearish trend. The MACD of -28.42 indicates Negative momentum. The RSI at 32.76 is Neutral, neither overbought nor oversold. The STOCH value of 24.96 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹2.56T | 14.70 | ― | 1.85% | 38.83% | 66.64% | |
69 Neutral | ₹51.27B | 16.77 | ― | 2.77% | 5.78% | 8.12% | |
67 Neutral | ₹1.07T | 5.34 | ― | 4.75% | -27.72% | 34.66% | |
62 Neutral | ₹52.63B | 12.73 | ― | 0.18% | 62.64% | 17.34% | |
60 Neutral | ₹62.64B | 42.74 | ― | 0.32% | 2.00% | -65.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹70.22B | 13.16 | ― | 0.98% | 23.64% | 46.48% |
* General Sector Average
IN:ASHAPURMIN
Ashapura Minechem Ltd
542.60
-63.97
-10.55%
IN:HINDZINC
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576.05
121.31
26.68%
IN:IMFA
Indian Metals & Ferro Alloys Ltd.
1,243.40
220.73
21.58%
IN:JAIBALAJI
Jai Balaji Industries Limited
65.17
-35.03
-34.96%
IN:MOIL
Moil Limited
245.15
-102.23
-29.43%
IN:VEDL
Vedanta Limited
264.35
97.72
58.64%
Ashapura Minechem Ltd Corporate Events
Ashapura Minechem Publishes Q1 & FY2027 Earnings Call Transcript
Aug 24, 2026
Ashapura Minechem Ltd has released the official transcript of its Q1 and FY2027 earnings conference call held on 19 August 2026, complying with disclosure requirements under SEBI Listing Regulations. The transcript, which features remarks from key...
Ashapura Minechem publishes Q1 FY27 financial results extract in newspapers
Aug 9, 2026
Ashapura Minechem Ltd has notified the stock exchanges that it has published an extract of its financial results for the quarter ended 30 June 2026 in The Free Press Journal and Navshakti newspapers, in line with regulatory disclosure requirements...
Ashapura Minechem Files SEBI Demat Compliance Certificate for June 2026 Quarter
Jul 13, 2026
Ashapura Minechem Ltd has disclosed that it received a confirmation certificate from its registrar and share transfer agent, MUFG Intime India, for the quarter ended 30 June 2026, in line with Regulation 74(5) of SEBI’s Depositories and Part...
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.