āagman

Not investment advice. Data and computed figures, for information only.

Ashapura Minechem Ltd

NSE: ASHAPURMIN
₹464.40
−₹0.60 (−0.13%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,497 Cr
CMP
₹464.40
52-wk High / Low
₹925 / 455
P/E
10.9
P/B
2.7
Book Value
₹173.0
Div Yield
0.42%
ROCE
21.0%
ROE
28.0%
Face Value
₹2
D/E
0.88

Price−30.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹404
√(22.5 × EPS × book value per share)
ROIC
12.9%
vs 10.6% sector median
Cash flow to profit
1.11
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−222
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
26.7%
ROE × earnings retention ratio
ROE stability
5.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.01FII −0.28DII +0.07
Latest quarter vs the previous one
Cash-accrual divergence
−1.1%
of assets
Low = accruals track cash flow
Strengths
+Promoter holding rose by 2.7pp over the last year
+FII holding rose by 2.2pp over the last year
+PE of 10.9x is below the sector median of 19.8x
Watch-outs
−Borrowings are up 607.8% since FY2016 (204 to 1444)
−Price trades below its 200-day moving average (0.7x)
−Price is 49.8% below its 52-week high
−Annualised volatility of 53.5% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0185547134407146048655551,3569529601,9691,616
Expenses9085246553926275407314711,1748228461,8411,435
Operating Profit110305848876413584182131114128181
OPM %10.8%5.4%8.1%10.9%12.2%10.6%15.6%15.1%13.4%13.8%11.9%6.5%11.2%
Other Income3132395941020561212288814
Interest20122216171923303129243429
Depreciation18192021172012293232343537
Profit before tax1033154705736119821328185147130
Net Profit10258546760431087911410676121108
EPS (₹)11.246.496.167.496.514.6411.049.0511.5010.118.8211.5912.07

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,7531,7758337946223341,1481,2781,8312,6542,7395,2375,498
Expenses1,4831,5357947906263801,0261,1761,6532,4012,3624,6774,943
Operating Profit270240394−4−45122102178252377560554
OPM %15.4%13.5%4.7%0.5%−0.6%−13.5%10.6%8.0%9.7%9.5%13.8%10.7%10.1%
Other Income−225242520−26548793112102211101140142
Interest2022171920316058687696122116
Depreciation3544483933284558737978133138
Profit before tax−9198−1−33−32238211098139309304445443
Net Profit−36162−19−45−3273838787110282289416411
EPS (₹)−4.1918.66−2.17−5.19−38.0544.5710.069.4612.7931.3730.9742.0242.59

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital171717171717171818181919—
Reserves−1622−20−65−3783294175036469121,2231,630—
Borrowings1882041441852094416646397589841,1631,444—
Other Liabilities1,0921,2071,1631,1481,2031,0331,1351,2641,6271,3971,4441,605—
Total Liabilities1,1361,4301,3051,2861,0511,8202,2332,4243,0503,3113,8494,698—
Fixed Assets3333453363082545445275395845771,3491,499—
CWIP291105219542042542625045551—
Investments63146243267180274290268288321344371—
Other Assets7118287216896089471,2121,3631,9151,9092,1002,778—
Total Assets1,1361,4301,3051,2861,0511,8202,2332,4243,0503,3113,8494,698—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity18623172−18−21716−2011497148189463
Cash from Investing Activity−98−208−30−20160−156−168−63−130−274−392−271
Cash from Financing Activity−70−14−433668131182−608019117814
Net Cash Flow189−1−211−9−5−94765−25206

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %211.0153.010.00.0−42.0−14.016.012.016.017.019.021.0
ROE %———————————28.0
EPS (₹)−4.1918.66−2.17−5.19−38.0544.5710.069.4612.7931.3730.9742.02
Book Value (₹)———————————173.0
Face Value (₹)———————————2
P/E———————————10.9
Div Yield %———————————0.42
NPM %−2.49.0−2.2−5.5−91.646.77.06.35.79.810.27.7
OPM %15.014.04.70.6−0.7−14.011.08.010.010.014.011.0
D/E—10.74———1.271.531.231.141.060.940.88
P/B———————————2.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+35.0%
3 years+42.0%
TTM+63.0%
Compounded profit growth
10 years+10.0%
5 years+43.0%
3 years+51.0%
TTM+19.0%
Stock price CAGR
10 years+23.0%
5 years+30.0%
3 years+14.0%
Last year−32.0%
Return on equity
5 years25.0%
3 years27.0%
Last year28.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.43%48.43%39.78%39.78%39.78%41.42%44.58%45.33%45.39%47.76%48.03%48.04%
FIIs23.26%23.26%23.92%23.98%23.77%22.93%20.60%16.99%17.24%16.56%19.50%19.22%
DIIs0.25%0.25%0.76%0.16%0.16%0.15%0.14%0.14%0.48%0.38%0.33%0.40%
Government————————————
Public28.06%28.06%35.53%36.07%36.29%35.49%34.68%37.53%36.89%35.31%32.13%32.34%
No. of shareholders19,08619,08624,34224,15921,65422,37523,66726,21430,41532,28943,25547,193
Change since Jun 2023 (pp)
Promoters −0.39FIIs −4.04DIIs +0.15Public +4.28

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Change in ManagementAnnouncement under Regulation 30 (LODR)-Change in ManagementShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMClosure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Aug 2026TranscriptAug 2026RecordingJun 2026TranscriptJun 2026RecordingFeb 2026TranscriptFeb 2026RecordingNov 2025TranscriptNov 2025RecordingSep 2025TranscriptSep 2025Recording

Corporate actions

As of 22 Sep 2026
22 Sep 2026DIVIDENDDividend - Rs 2 Per Share—
17 Sep 2025DIVIDENDDividend - Re 1 Per Share—
21 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 0.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman