Ashapura Minechem Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 9, 2025, 8:23 pm

Market Cap	3,125 Cr.
Current Price	327
High / Low	572/200
Stock P/E	13.7
Book Value	111
Dividend Yield	0.00 %
ROCE	17.2 %
ROE	24.3 %
Face Value	2.00
PEG Ratio	0.57

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ashapura Minechem Ltd

Competitors of Ashapura Minechem Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Ganesha Ecoverse Ltd	82.8 Cr.	33.6	62.6/32.2	15.2	4.29	0.00 %	28.2 %	39.4 %	10.0
Foundry Fuel Products Ltd	4.25 Cr.	5.30	14.6/5.30		1.35	0.00 %	%	%	10.0
Deccan Gold Mines Ltd	1,555 Cr.	100	179/88.5		14.2	0.00 %	8.77 %	34.8 %	1.00
Asi Industries Ltd	300 Cr.	33.3	65.9/22.3	10.3	35.9	1.05 %	10.1 %	7.47 %	1.00
Anmol India Ltd	97.2 Cr.	17.1	53.0/15.0	10.4	18.4	0.00 %	14.9 %	23.6 %	10.0
Industry Average	40,340.77 Cr	586.64		64.28	74.50	1.80%	21.11%	21.07%	5.18

All Competitor Stocks of Ashapura Minechem Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	225	331	402	198	535	696	1,018	554	713	440	714	604	865
Expenses	253	303	351	193	477	637	908	524	655	392	627	540	731
Operating Profit	-28	28	51	5	58	59	110	30	58	48	87	64	135
OPM %	-12%	8%	13%	2%	11%	8%	11%	6%	8%	11%	12%	11%	16%
Other Income	34	13	16	28	20	22	31	32	39	59	4	1	14
Interest	8	15	13	12	20	19	20	12	22	16	17	19	23
Depreciation	14	14	17	19	18	19	18	19	20	21	17	20	12
Profit before tax	-16	12	38	1	40	42	103	31	54	70	57	27	113
Tax %	38%	7%	18%	5%	28%	27%	6%	12%	15%	13%	8%	-27%	11%
Net Profit	-20	12	35	6	29	40	102	58	54	67	60	43	108
EPS in Rs	-2.20	1.35	4.29	0.56	3.58	4.37	11.24	6.49	6.16	7.49	6.51	4.64	11.04

Last Updated: March 3, 2025, 5:31 pm

Below is a detailed analysis of the quarterly data for Ashapura Minechem Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹865.00 Cr.. The value appears strong and on an upward trend. It has increased from 604.00 Cr. (Sep 2024) to ₹865.00 Cr., marking an increase of ₹261.00 Cr..
For Expenses, as of Dec 2024, the value is ₹731.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 540.00 Cr. (Sep 2024) to ₹731.00 Cr., marking an increase of ₹191.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹135.00 Cr.. The value appears strong and on an upward trend. It has increased from 64.00 Cr. (Sep 2024) to ₹135.00 Cr., marking an increase of ₹71.00 Cr..
For OPM %, as of Dec 2024, the value is 16.00%. The value appears strong and on an upward trend. It has increased from 11.00% (Sep 2024) to 16.00%, marking an increase of 5.00%.
For Other Income, as of Dec 2024, the value is ₹14.00 Cr.. The value appears strong and on an upward trend. It has increased from 1.00 Cr. (Sep 2024) to ₹14.00 Cr., marking an increase of ₹13.00 Cr..
For Interest, as of Dec 2024, the value is ₹23.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19.00 Cr. (Sep 2024) to ₹23.00 Cr., marking an increase of ₹4.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹12.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 20.00 Cr. (Sep 2024) to ₹12.00 Cr., marking a decrease of 8.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹113.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Sep 2024) to ₹113.00 Cr., marking an increase of ₹86.00 Cr..
For Tax %, as of Dec 2024, the value is 11.00%. The value appears to be increasing, which may not be favorable. It has increased from -27.00% (Sep 2024) to 11.00%, marking an increase of 38.00%.
For Net Profit, as of Dec 2024, the value is ₹108.00 Cr.. The value appears strong and on an upward trend. It has increased from 43.00 Cr. (Sep 2024) to ₹108.00 Cr., marking an increase of ₹65.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 11.04. The value appears strong and on an upward trend. It has increased from ₹4.64 (Sep 2024) to 11.04, marking an increase of ₹6.40.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:13 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	772	1,083	1,753	1,775	833	794	622	334	1,148	1,278	1,831	2,654	2,624
Expenses	620	850	1,483	1,535	794	790	626	380	1,026	1,176	1,653	2,401	2,290
Operating Profit	152	234	270	240	39	4	-4	-45	122	102	178	252	334
OPM %	20%	22%	15%	14%	5%	1%	-1%	-14%	11%	8%	10%	10%	13%
Other Income	-21	6	-225	24	25	20	-265	487	93	112	102	211	78
Interest	55	30	20	22	17	19	20	31	60	58	68	76	75
Depreciation	26	26	35	44	48	39	33	28	45	58	73	79	70
Profit before tax	50	184	-9	198	-1	-33	-322	382	110	98	139	309	267
Tax %	11%	5%	315%	23%	1,502%	36%	2%	-0%	21%	12%	21%	9%
Net Profit	44	174	-36	162	-19	-45	-327	383	87	87	110	282	278
EPS in Rs	5.32	20.03	-4.19	18.66	-2.17	-5.19	-38.05	44.57	10.06	9.46	12.79	31.37	29.68
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	5%	5%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	295.45%	-120.69%	550.00%	-111.73%	-136.84%	-626.67%	217.13%	-77.28%	0.00%	26.44%	156.36%
Change in YoY Net Profit Growth (%)	0.00%	-416.14%	670.69%	-661.73%	-25.11%	-489.82%	843.79%	-294.41%	77.28%	26.44%	129.93%

Ashapura Minechem Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	34%
3 Years:	32%
TTM:	-12%

Compounded Profit Growth
10 Years:	1%
5 Years:	46%
3 Years:	42%
TTM:	4%

Stock Price CAGR
10 Years:	16%
5 Years:	60%
3 Years:	43%
1 Year:	-8%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	20%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:59 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	17	17	17	17	17	17	17	17	17	18	18	18	19
Reserves	-298	-117	-162	2	-20	-65	-378	329	417	503	646	912	1,041
Borrowings	412	285	188	204	144	185	209	441	664	639	758	984	1,167
Other Liabilities	749	788	1,092	1,207	1,163	1,148	1,203	1,033	1,135	1,264	1,609	1,397	1,584
Total Liabilities	880	973	1,136	1,430	1,305	1,286	1,051	1,820	2,233	2,424	3,032	3,311	3,811
Fixed Assets	270	282	333	345	336	308	254	544	527	539	584	577	610
CWIP	30	36	29	110	5	21	9	54	204	254	262	504	604
Investments	5	61	63	146	243	267	180	274	290	268	288	321	350
Other Assets	574	593	711	828	721	689	608	947	1,212	1,363	1,897	1,909	2,247
Total Assets	880	973	1,136	1,430	1,305	1,286	1,051	1,820	2,233	2,424	3,032	3,311	3,811

Below is a detailed analysis of the balance sheet data for Ashapura Minechem Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹19.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹18.00 Cr. (Mar 2024) to ₹19.00 Cr., marking an increase of 1.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,041.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹912.00 Cr. (Mar 2024) to ₹1,041.00 Cr., marking an increase of 129.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1,167.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹984.00 Cr. (Mar 2024) to ₹1,167.00 Cr., marking an increase of 183.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,584.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹1,397.00 Cr. (Mar 2024) to ₹1,584.00 Cr., marking an increase of 187.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,811.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹3,311.00 Cr. (Mar 2024) to ₹3,811.00 Cr., marking an increase of 500.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹610.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹577.00 Cr. (Mar 2024) to ₹610.00 Cr., marking an increase of 33.00 Cr..
For CWIP, as of Sep 2024, the value is ₹604.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹504.00 Cr. (Mar 2024) to ₹604.00 Cr., marking an increase of 100.00 Cr..
For Investments, as of Sep 2024, the value is ₹350.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹321.00 Cr. (Mar 2024) to ₹350.00 Cr., marking an increase of 29.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,247.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,909.00 Cr. (Mar 2024) to ₹2,247.00 Cr., marking an increase of 338.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,811.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,311.00 Cr. (Mar 2024) to ₹3,811.00 Cr., marking an increase of 500.00 Cr..

However, the Borrowings (1,167.00 Cr.) are higher than the Reserves (₹1,041.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	188	0	186	231	72	-18	-217	16	-20	114	94	148
Cash from Investing Activity +	-21	0	-98	-208	-30	-20	160	-156	-168	-63	-130	-274
Cash from Financing Activity +	-156	0	-70	-14	-43	36	68	131	182	-60	80	191
Net Cash Flow	12	0	18	9	-1	-2	11	-9	-5	-9	44	65

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-260.00	-51.00	82.00	36.00	-105.00	-181.00	-213.00	-486.00	-542.00	-537.00	-580.00	-732.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	88	73	56	61	103	95	61	202	92	89	98	37
Inventory Days	923	431	287	269	329	285	226	532	364	453	420	358
Days Payable	376	222	267	258	265	187	168	328	461	387	446	383
Cash Conversion Cycle	636	282	76	72	166	193	120	406	-5	154	72	13
Working Capital Days	-163	-112	-102	-101	-240	-183	-377	12	70	66	86	62
ROCE %	99%	136%	211%	153%	10%	0%	-42%	-14%	16%	12%	16%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	44.58%	44.74%	44.79%	45.22%	45.33%	45.33%	45.33%	45.33%	45.39%	45.39%	47.70%	47.70%
FIIs	20.60%	19.12%	16.32%	16.35%	16.99%	17.09%	18.03%	17.56%	17.24%	16.45%	15.72%	16.00%
DIIs	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.19%	0.18%	0.48%	0.45%	0.13%	0.14%
Public	34.68%	36.00%	38.75%	38.29%	37.53%	37.43%	36.44%	36.92%	36.89%	37.71%	36.44%	36.14%
No. of Shareholders	23,667	26,228	28,424	28,033	26,214	25,557	27,466	31,091	30,415	29,928	33,974	30,705

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	31.37	12.79	9.65	10.06	44.57
Diluted EPS (Rs.)	30.50	12.79	9.65	9.72	44.57
Cash EPS (Rs.)	33.85	18.00	14.02	13.77	46.29
Book Value[Excl.RevalReserv]/Share (Rs.)	100.26	71.84	56.95	49.91	39.79
Book Value[Incl.RevalReserv]/Share (Rs.)	100.26	71.84	56.95	49.91	39.79
Revenue From Operations / Share (Rs.)	290.08	200.12	139.68	131.99	38.43
PBDIT / Share (Rs.)	33.66	28.28	21.31	20.22	-4.76
PBIT / Share (Rs.)	25.07	20.34	14.96	15.05	-8.02
PBT / Share (Rs.)	28.21	13.31	8.90	11.21	42.91
Net Profit / Share (Rs.)	25.26	10.06	7.67	8.61	43.03
NP After MI And SOA / Share (Rs.)	31.37	12.79	9.46	10.06	44.57
PBDIT Margin (%)	11.60	14.12	15.25	15.31	-12.37
PBIT Margin (%)	8.64	10.16	10.70	11.40	-20.86
PBT Margin (%)	9.72	6.65	6.37	8.49	111.64
Net Profit Margin (%)	8.70	5.02	5.48	6.52	111.95
NP After MI And SOA Margin (%)	10.81	6.39	6.77	7.61	115.96
Return on Networth / Equity (%)	30.85	17.60	16.59	20.14	111.94
Return on Capital Employeed (%)	12.97	11.50	10.58	10.42	-6.52
Return On Assets (%)	8.66	3.83	3.56	3.91	21.30
Long Term Debt / Equity (X)	0.73	0.97	1.01	1.27	1.13
Total Debt / Equity (X)	1.06	1.14	1.22	1.48	1.24
Asset Turnover Ratio (%)	0.83	0.66	0.41	0.33	0.26
Current Ratio (X)	1.19	1.28	1.14	1.16	1.03
Quick Ratio (X)	0.85	0.91	0.77	0.86	0.72
Inventory Turnover Ratio (X)	0.71	0.94	0.24	0.32	0.61
Dividend Payout Ratio (NP) (%)	0.00	0.00	5.28	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.00	0.00	3.16	0.00	0.00
Earning Retention Ratio (%)	0.00	0.00	94.72	0.00	100.00
Cash Earning Retention Ratio (%)	0.00	0.00	96.84	0.00	100.00
Interest Coverage Ratio (X)	4.42	4.02	3.52	3.34	-1.34
Interest Coverage Ratio (Post Tax) (X)	2.90	2.43	2.27	2.05	-2.22
Enterprise Value (Cr.)	4259.26	1694.73	1766.35	1506.31	560.50
EV / Net Operating Revenue (X)	1.60	0.92	1.38	1.31	1.68
EV / EBITDA (X)	13.83	6.55	9.06	8.56	-13.54
MarketCap / Net Operating Revenue (X)	1.29	0.55	0.91	0.78	0.53
Retention Ratios (%)	0.00	0.00	94.71	0.00	99.99
Price / BV (X)	3.69	1.54	2.23	2.09	0.51
Price / Net Operating Revenue (X)	1.29	0.55	0.91	0.78	0.53
EarningsYield	0.08	0.11	0.07	0.09	2.18

After reviewing the key financial ratios for Ashapura Minechem Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 31.37. This value is within the healthy range. It has increased from 12.79 (Mar 23) to 31.37, marking an increase of 18.58.
For Diluted EPS (Rs.), as of Mar 24, the value is 30.50. This value is within the healthy range. It has increased from 12.79 (Mar 23) to 30.50, marking an increase of 17.71.
For Cash EPS (Rs.), as of Mar 24, the value is 33.85. This value is within the healthy range. It has increased from 18.00 (Mar 23) to 33.85, marking an increase of 15.85.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 100.26. It has increased from 71.84 (Mar 23) to 100.26, marking an increase of 28.42.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 100.26. It has increased from 71.84 (Mar 23) to 100.26, marking an increase of 28.42.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 290.08. It has increased from 200.12 (Mar 23) to 290.08, marking an increase of 89.96.
For PBDIT / Share (Rs.), as of Mar 24, the value is 33.66. This value is within the healthy range. It has increased from 28.28 (Mar 23) to 33.66, marking an increase of 5.38.
For PBIT / Share (Rs.), as of Mar 24, the value is 25.07. This value is within the healthy range. It has increased from 20.34 (Mar 23) to 25.07, marking an increase of 4.73.
For PBT / Share (Rs.), as of Mar 24, the value is 28.21. This value is within the healthy range. It has increased from 13.31 (Mar 23) to 28.21, marking an increase of 14.90.
For Net Profit / Share (Rs.), as of Mar 24, the value is 25.26. This value is within the healthy range. It has increased from 10.06 (Mar 23) to 25.26, marking an increase of 15.20.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 31.37. This value is within the healthy range. It has increased from 12.79 (Mar 23) to 31.37, marking an increase of 18.58.
For PBDIT Margin (%), as of Mar 24, the value is 11.60. This value is within the healthy range. It has decreased from 14.12 (Mar 23) to 11.60, marking a decrease of 2.52.
For PBIT Margin (%), as of Mar 24, the value is 8.64. This value is below the healthy minimum of 10. It has decreased from 10.16 (Mar 23) to 8.64, marking a decrease of 1.52.
For PBT Margin (%), as of Mar 24, the value is 9.72. This value is below the healthy minimum of 10. It has increased from 6.65 (Mar 23) to 9.72, marking an increase of 3.07.
For Net Profit Margin (%), as of Mar 24, the value is 8.70. This value is within the healthy range. It has increased from 5.02 (Mar 23) to 8.70, marking an increase of 3.68.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 10.81. This value is within the healthy range. It has increased from 6.39 (Mar 23) to 10.81, marking an increase of 4.42.
For Return on Networth / Equity (%), as of Mar 24, the value is 30.85. This value is within the healthy range. It has increased from 17.60 (Mar 23) to 30.85, marking an increase of 13.25.
For Return on Capital Employeed (%), as of Mar 24, the value is 12.97. This value is within the healthy range. It has increased from 11.50 (Mar 23) to 12.97, marking an increase of 1.47.
For Return On Assets (%), as of Mar 24, the value is 8.66. This value is within the healthy range. It has increased from 3.83 (Mar 23) to 8.66, marking an increase of 4.83.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.73. This value is within the healthy range. It has decreased from 0.97 (Mar 23) to 0.73, marking a decrease of 0.24.
For Total Debt / Equity (X), as of Mar 24, the value is 1.06. This value exceeds the healthy maximum of 1. It has decreased from 1.14 (Mar 23) to 1.06, marking a decrease of 0.08.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.83. It has increased from 0.66 (Mar 23) to 0.83, marking an increase of 0.17.
For Current Ratio (X), as of Mar 24, the value is 1.19. This value is below the healthy minimum of 1.5. It has decreased from 1.28 (Mar 23) to 1.19, marking a decrease of 0.09.
For Quick Ratio (X), as of Mar 24, the value is 0.85. This value is below the healthy minimum of 1. It has decreased from 0.91 (Mar 23) to 0.85, marking a decrease of 0.06.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.71. This value is below the healthy minimum of 4. It has decreased from 0.94 (Mar 23) to 0.71, marking a decrease of 0.23.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.42. This value is within the healthy range. It has increased from 4.02 (Mar 23) to 4.42, marking an increase of 0.40.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.90. This value is below the healthy minimum of 3. It has increased from 2.43 (Mar 23) to 2.90, marking an increase of 0.47.
For Enterprise Value (Cr.), as of Mar 24, the value is 4,259.26. It has increased from 1,694.73 (Mar 23) to 4,259.26, marking an increase of 2,564.53.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.60. This value is within the healthy range. It has increased from 0.92 (Mar 23) to 1.60, marking an increase of 0.68.
For EV / EBITDA (X), as of Mar 24, the value is 13.83. This value is within the healthy range. It has increased from 6.55 (Mar 23) to 13.83, marking an increase of 7.28.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.29. This value is within the healthy range. It has increased from 0.55 (Mar 23) to 1.29, marking an increase of 0.74.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Price / BV (X), as of Mar 24, the value is 3.69. This value exceeds the healthy maximum of 3. It has increased from 1.54 (Mar 23) to 3.69, marking an increase of 2.15.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.29. This value is within the healthy range. It has increased from 0.55 (Mar 23) to 1.29, marking an increase of 0.74.
For EarningsYield, as of Mar 24, the value is 0.08. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 23) to 0.08, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ashapura Minechem Ltd as of March 12, 2025 is: ₹301.54

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Ashapura Minechem Ltd is Overvalued by 7.79% compared to the current share price 327.00

Intrinsic Value of Ashapura Minechem Ltd as of March 12, 2025 is: 374.38

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Ashapura Minechem Ltd is Undervalued by 14.49% compared to the current share price 327.00

Last 5 Year EPS CAGR: 24.16%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 51.17%, which is a positive sign. The stock has a low average Working Capital Days of -81.83, which is a positive sign. The company has shown consistent growth in sales (258.85 cr) and profit (105.54 cr) over the years.	The stock has a high average Cash Conversion Cycle of 182.08, which may not be favorable. The company has higher borrowings (483.08) compared to reserves (216.15), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ashapura Minechem Ltd:
1. Net Profit Margin: 8.7%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 12.97% (Industry Average ROCE: 21.11%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 30.85% (Industry Average ROE: 21.07%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.9
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.85
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 13.7 (Industry average Stock P/E: 64.28)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.06
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ashapura Minechem Ltd. is a Public Limited Listed company incorporated on 19/02/1982 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L14108MH1982PLC026396 and registration number is 026396. Currently Company is involved in the business activities of Manufacture of non-metallic mineral products. Company's Total Operating Revenue is Rs. 333.14 Cr. and Equity Capital is Rs. 18.30 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Mining/Minerals	Jeevan Udyog Bldg, Mumbai Maharashtra 400001	cosec@ashapura.com http://www.ashapura.com

Management
Name	Position Held
Mr. Chetan Shah	Executive Chairman
Mr. Hemul Shah	Executive Director & CEO
Mr. Harish Motiwalla	Ind. Non-Executive Director
Mrs. Neeta Shah	Ind. Non-Executive Woman Director
Mr. Pundarik Sanyal	Ind. Non-Executive Director
Mrs. Himani Shah	Non Exe.Non Ind.Director

FAQ

What is the latest intrinsic value of Ashapura Minechem Ltd?

The latest intrinsic value of Ashapura Minechem Ltd as on 11 March 2025 is ₹301.54, which is 7.79% lower than the current market price of 327.00, indicating the stock is overvalued by 7.79%. The intrinsic value of Ashapura Minechem Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹3,125 Cr. and recorded a high/low of ₹572/200 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,041 Cr and total liabilities of ₹3,811 Cr.

What is the Market Cap of Ashapura Minechem Ltd?

The Market Cap of Ashapura Minechem Ltd is 3,125 Cr..

What is the current Stock Price of Ashapura Minechem Ltd as on 11 March 2025?

The current stock price of Ashapura Minechem Ltd as on 11 March 2025 is ₹327.

What is the High / Low of Ashapura Minechem Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ashapura Minechem Ltd stocks is ₹572/200.

What is the Stock P/E of Ashapura Minechem Ltd?

The Stock P/E of Ashapura Minechem Ltd is 13.7.

What is the Book Value of Ashapura Minechem Ltd?

The Book Value of Ashapura Minechem Ltd is 111.

What is the Dividend Yield of Ashapura Minechem Ltd?

The Dividend Yield of Ashapura Minechem Ltd is 0.00 %.

What is the ROCE of Ashapura Minechem Ltd?

The ROCE of Ashapura Minechem Ltd is 17.2 %.

What is the ROE of Ashapura Minechem Ltd?

The ROE of Ashapura Minechem Ltd is 24.3 %.

What is the Face Value of Ashapura Minechem Ltd?

The Face Value of Ashapura Minechem Ltd is 2.00.