About
Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally. The company provides bauxite, bentonite, kaolin, silica sand, limestone, and gypsum for aluminium, foundry, cosmetics, metal ore, pelletization, construction, and paper applications. It also offers fused alumina, high alumina cement, castables, calcined bauxite, chamotte, mullite, and monoliths for abrasives, refractories, foundries, grinding, and road surfacing. In addition, the company offers ceramic and silica proppants, bentonite, barytes, and attapulgite for use in oil well drilling and hydraulic fracturing; acid activated bleaching clay, activated bauxite, clay catalysts, cat litter, and siliceous earth for bleaching edible oil, petroleum refining, water purification, pet care, and bleaching waste oils; ground calcium carbonate, calcined kaolin, white barytes, and talc for ceramics, glass, paper, paints, plastics, and building products sectors; and atta medigel, ashagel, and organoclay for use in sealants, plasters, polymers, aviation fuel enhancers, and pharmaceutical applications. Further, it offers ball clay, wall care, water proofing, adhesives, and admixture. The company was founded in 1960 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap5,263 Cr
P/E12.80
Div Yield0.36 %
Book Value₹173.00
52w High₹925.00
52w Low₹455.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,616.00 | 1,969.00 | 960.00 | 952.00 | 1,356.00 | 555.00 | 865.00 | 604.00 | 714.00 | 440.00 | 713.00 | 554.00 | 1,018.00 |
| Expenses | 1,435.00 | 1,841.00 | 846.00 | 822.00 | 1,174.00 | 471.00 | 731.00 | 540.00 | 627.00 | 392.00 | 655.00 | 524.00 | 908.00 |
| Operating Profit | 181.00 | 128.00 | 114.00 | 131.00 | 182.00 | 84.00 | 135.00 | 64.00 | 87.00 | 48.00 | 58.00 | 30.00 | 110.00 |
| OPM % | 11.00 | 6.00 | 12.00 | 14.00 | 13.00 | 15.00 | 16.00 | 11.00 | 12.00 | 11.00 | 8.00 | 6.00 | 11.00 |
| Other Income | 14.00 | 88.00 | 28.00 | 12.00 | 12.00 | 56.00 | 20.00 | 10.00 | 4.00 | 59.00 | 39.00 | 32.00 | 31.00 |
| Depreciation | 37.00 | 35.00 | 34.00 | 32.00 | 32.00 | 29.00 | 12.00 | 20.00 | 17.00 | 21.00 | 20.00 | 19.00 | 18.00 |
| Interest | 29.00 | 34.00 | 24.00 | 29.00 | 31.00 | 30.00 | 23.00 | 19.00 | 17.00 | 16.00 | 22.00 | 12.00 | 20.00 |
| Profit before tax | 130.00 | 147.00 | 85.00 | 81.00 | 132.00 | 82.00 | 119.00 | 36.00 | 57.00 | 70.00 | 54.00 | 31.00 | 103.00 |
| Tax % | 17.00 | 18.00 | 10.00 | -30.00 | 14.00 | 7.00 | 10.00 | -20.00 | 8.00 | 13.00 | 15.00 | 12.00 | 6.00 |
| Net Profit | 108.00 | 121.00 | 76.00 | 106.00 | 114.00 | 79.00 | 108.00 | 43.00 | 60.00 | 67.00 | 54.00 | 58.00 | 102.00 |
| EPS in Rs | 12.07 | 11.59 | 8.82 | 10.11 | 11.50 | 9.05 | 11.04 | 4.64 | 6.51 | 7.49 | 6.16 | 6.49 | 11.24 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,237.00 | 2,739.00 | 2,654.00 | 1,831.00 | 1,278.00 | 1,148.00 | 334.00 | 622.00 | 794.00 | 833.00 | 1,775.00 | 1,753.00 |
| Expenses | 4,682.00 | 2,362.00 | 2,401.00 | 1,653.00 | 1,176.00 | 1,026.00 | 380.00 | 626.00 | 790.00 | 794.00 | 1,535.00 | 1,483.00 |
| Operating Profit | 555.00 | 377.00 | 252.00 | 178.00 | 102.00 | 122.00 | -45.00 | -4.00 | 4.00 | 39.00 | 240.00 | 270.00 |
| OPM % | 11.00 | 14.00 | 10.00 | 10.00 | 8.00 | 11.00 | -14.00 | -0.70 | 0.60 | 4.70 | 14.00 | 15.00 |
| Other Income | 140.00 | 101.00 | 211.00 | 102.00 | 112.00 | 93.00 | 487.00 | -265.00 | 20.00 | 25.00 | 24.00 | -225.00 |
| Interest | 118.00 | 96.00 | 76.00 | 68.00 | 58.00 | 60.00 | 31.00 | 20.00 | 19.00 | 17.00 | 22.00 | 20.00 |
| Depreciation | 133.00 | 78.00 | 79.00 | 73.00 | 58.00 | 45.00 | 28.00 | 33.00 | 39.00 | 48.00 | 44.00 | 35.00 |
| Profit before tax | 445.00 | 304.00 | 309.00 | 139.00 | 98.00 | 110.00 | 382.00 | -322.00 | -33.00 | -1.00 | 198.00 | -9.00 |
| Tax % | 6.00 | 5.00 | 9.00 | 21.00 | 12.00 | 21.00 | 0.00 | 2.00 | 36.00 | 1,502.00 | 23.00 | 315.00 |
| Net Profit | 416.00 | 289.00 | 282.00 | 110.00 | 87.00 | 87.00 | 383.00 | -327.00 | -45.00 | -19.00 | 162.00 | -36.00 |
| EPS in Rs | 42.02 | 30.97 | 31.37 | 12.79 | 9.46 | 10.06 | 44.57 | -38.05 | -5.19 | -2.17 | 18.66 | -4.19 |
| Dividend Payout % | 5.00 | 3.00 | 0.00 | 0.00 | 5.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 18.00 | 18.00 | 18.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 |
| Reserves | 1,630.00 | 1,223.00 | 912.00 | 646.00 | 503.00 | 417.00 | 329.00 | -378.00 | -65.00 | -20.00 | 2.00 | -162.00 |
| Borrowings | 1,444.00 | 1,163.00 | 984.00 | 758.00 | 639.00 | 664.00 | 441.00 | 209.00 | 185.00 | 144.00 | 204.00 | 188.00 |
| Other Liabilities | 1,605.00 | 1,526.00 | 1,397.00 | 1,627.00 | 1,264.00 | 1,135.00 | 1,033.00 | 1,203.00 | 1,148.00 | 1,163.00 | 1,207.00 | 1,092.00 |
| Total Liabilities | 4,698.00 | 3,931.00 | 3,311.00 | 3,050.00 | 2,424.00 | 2,233.00 | 1,820.00 | 1,051.00 | 1,286.00 | 1,305.00 | 1,430.00 | 1,136.00 |
| Fixed Assets | 1,499.00 | 1,349.00 | 577.00 | 584.00 | 539.00 | 527.00 | 544.00 | 254.00 | 308.00 | 336.00 | 345.00 | 333.00 |
| CWIP | 51.00 | 55.00 | 504.00 | 262.00 | 254.00 | 204.00 | 54.00 | 9.00 | 21.00 | 5.00 | 110.00 | 29.00 |
| Investments | 371.00 | 344.00 | 321.00 | 288.00 | 268.00 | 290.00 | 274.00 | 180.00 | 267.00 | 243.00 | 146.00 | 63.00 |
| Other Assets | 2,778.00 | 2,181.00 | 1,909.00 | 1,915.00 | 1,363.00 | 1,212.00 | 947.00 | 608.00 | 689.00 | 721.00 | 828.00 | 711.00 |
| Total Assets | 4,698.00 | 3,931.00 | 3,311.00 | 3,050.00 | 2,424.00 | 2,233.00 | 1,820.00 | 1,051.00 | 1,286.00 | 1,305.00 | 1,430.00 | 1,136.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 463.00 | 188.00 | 148.00 | 97.00 | 114.00 | -20.00 | 16.00 | -217.00 | -18.00 | 72.00 | 231.00 | 186.00 |
| Cash from Investing Activity | -271.00 | -392.00 | -274.00 | -130.00 | -63.00 | -168.00 | -156.00 | 160.00 | -20.00 | -30.00 | -208.00 | -98.00 |
| Cash from Financing Activity | 14.00 | 178.00 | 191.00 | 80.00 | -60.00 | 182.00 | 131.00 | 68.00 | 36.00 | -43.00 | -14.00 | -70.00 |
| Net Cash Flow | 206.00 | -25.00 | 65.00 | 47.00 | -9.00 | -5.00 | -9.00 | 11.00 | -2.00 | -1.00 | 9.00 | 18.00 |
| Free Cash Flow | 184.00 | -208.00 | -125.00 | -36.00 | -2.00 | -196.00 | -3.00 | -221.00 | -45.00 | 36.00 | 93.00 | 83.00 |
| CFO/OP % | 88.00 | 61.00 | 76.00 | 65.00 | 127.00 | -5.00 | -39.00 | 4,688.00 | -97.00 | 282.00 | 108.00 | 78.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70.00 | 73.00 | 37.00 | 98.00 | 89.00 | 92.00 | 202.00 | 61.00 | 95.00 | 103.00 | 61.00 | 56.00 |
| Inventory Days | 153.00 | 506.00 | 390.00 | 420.00 | 453.00 | 364.00 | 532.00 | 226.00 | 285.00 | 329.00 | 269.00 | 287.00 |
| Days Payable | 245.00 | 477.00 | 415.00 | 360.00 | 387.00 | 461.00 | 328.00 | 168.00 | 187.00 | 265.00 | 258.00 | 267.00 |
| Cash Conversion Cycle | -22.00 | 103.00 | 12.00 | 158.00 | 154.00 | -5.00 | 406.00 | 120.00 | 193.00 | 166.00 | 72.00 | 76.00 |
| Working Capital Days | 25.00 | 36.00 | 21.00 | 65.00 | 35.00 | 35.00 | -32.00 | -405.00 | -214.00 | -266.00 | -118.00 | -125.00 |
| ROCE % | 21.00 | 19.00 | 17.00 | 16.00 | 12.00 | 16.00 | -14.00 | -42.00 | 0.00 | 10.00 | 153.00 | 211.00 |
Corporate Actions
24 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Sep 2025 | 17 Sep 2025 | — | 1.00 | |
| Other | 23 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 21 Sep 2022 | — | — | 0.50 | |
| Dividend | 21 Sep 2021 | 22 Sep 2021 | — | 0.50 | |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 22 Dec 2020 | — | — | — | Annual General Meeting |
| Other | 19 Dec 2019 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 12 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 16 Sep 2011 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2010 | — | — | — | Annual Book Closure |
| Other | 15 Sep 2009 | — | — | — | Annual General Meeting |
| Dividend | 15 Sep 2008 | — | — | 1.60 | |
| Bonus | 18 Oct 2007 | 19 Oct 2007 | 1:1 | — | |
| Dividend | 07 Sep 2007 | — | — | 3.00 | |
| Dividend | 01 Aug 2006 | — | — | 1.50 | |
| Dividend | 31 Aug 2005 | — | — | 0.80 | |
| Dividend | 30 Aug 2001 | — | — | 2.50 |