Ashapura Minechem Ltd.

NSE: ASHAPURMIN BSE: 527001 SECTOR: Mining & Minerals  20k   46   7

127.50
-1.20 (-0.93%)
NSE: 31 May 03:59 PM

Price Summary

Today's High

₹ 129.9

Today's Low

₹ 126.6

52 Week High

₹ 158

52 Week Low

₹ 70.8

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1166.45 Cr.

Enterprise Value

1221.98 Cr.

No. of Shares

9.15 Cr.

P/E

0

P/B

46.83

Face Value

₹ 2

Div. Yield

0.39 %

Book Value (TTM)

₹  2.72

CASH

12.93 Cr.

DEBT

68.46 Cr.

Promoter Holding

45.33 %

EPS (TTM)

₹  -0.77

Sales Growth

41.91%

ROE

-36.98 %

ROCE

12.26%

Profit Growth

-128.14 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year41.91%
3 Year21.02%
5 Year20.47%

Profit Growth

1 Year-128.14%
3 Year21.4%
5 Year11.65%

ROE%

1 Year-36.98%
3 Year77.8%
5 Year46.68%

ROCE %

1 Year12.26%
3 Year33.63%
5 Year20.18%

Debt/Equity

1.8719

Price to Cash Flow

28.11

Interest Cover Ratio

0.486823255585241

CFO/PAT (5 Yr. Avg.)

0.178651129858339

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 45.33 54.83
Dec 2022 45.22 54.97
Sep 2022 44.79 55.49
Jun 2022 44.74 55.56
Mar 2022 44.58 55.76
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 21.4037015914684% for the Past 3 years.
  • The company has shown a good revenue growth of 21.0191462017848% for the Past 3 years.
  • Company has been maintaining healthy ROCE of 33.6306842027063% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of 52.0364097640145 days.

 Limitations

  • Promoter pledging has increased from 45.33% to 54.83% in 1 quarter.
  • Company has low Interest coverage ratio of 0.486823255585241.
  • Company has contingent liabilities of 252.7262 Cr.
  • Tax rate is low at 0.
  • The company has a low EBITDA margin of -3.64447557671429% over the past 5 years.
  • The company is trading at a high EV/EBITDA of 38.1846.
  • Promoter pledging is high as 54.83%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 114.68 68.4 47.25 60.35 46.69
Total Expenditure 108.81 71.94 54.62 63.07 41.11
Operating Profit 5.87 -3.54 -7.37 -2.73 5.58
Other Income 2.84 5.52 10.62 13.64 10.24
Interest 6.75 6.52 5.98 5.37 4.52
Depreciation 4.74 4.66 4.69 3.49 2.54
Exceptional Items 0 0 0 0 0
Profit Before Tax -2.78 -9.21 -7.43 2.05 8.76
Tax 0 0 0 0 1.19
Profit After Tax -2.78 -9.21 -7.43 2.05 7.57
Adjusted EPS (Rs) -0.3 -1.01 -0.81 0.22 0.83

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 239.19 337.48 205.86 421.49 598.15
Total Expenditure 267.69 362.69 245.26 341.46 590.25
Operating Profit -28.51 -25.21 -39.41 80.03 7.9
Other Income 9.98 9.33 7 21.51 26.47
Interest 11.03 9.85 13.88 34.77 30.5
Depreciation 24.06 22.75 20.92 20.23 19.52
Exceptional Items -15.12 -25.84 460.52 19.33 0
Profit Before Tax -68.73 -74.31 393.31 65.87 -15.65
Tax 0 0 0 10.24 0
Net Profit -68.73 -74.31 393.31 55.63 -15.65
Adjusted EPS (Rs.) -7.9 -8.54 45.22 6.4 -1.71

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 17.4 17.4 17.4 17.4 18.3
Total Reserves -344.06 -418.88 -20.75 34.29 18.27
Borrowings 23.54 14.42 84.06 67.46 42.16
Other N/C liabilities 149.41 9.23 313.98 262.96 234.05
Current liabilities 789.27 972.63 192.14 300.36 333.68
Total Liabilities 635.56 594.79 586.84 682.47 646.46
Assets
Net Block 194.26 173.75 158.81 141.39 126.94
Capital WIP 4.8 7.33 2.89 1.27 2.74
Intangible WIP 0 0 0 0 0
Investments 67.81 49.88 66.48 43.77 39.51
Loans & Advances 38.85 36.88 39.96 28.6 60.13
Other N/C Assets 3.41 3.97 3.97 24.44 24.02
Current Assets 326.42 322.97 314.73 443 393.12
Total Assets 635.56 594.79 586.84 682.47 646.46
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -68.73 -74.31 393.31 65.87 -15.65
Adjustment 26.31 27.43 66.54 40.9 33.31
Changes in Assets & Liabilities -1.91 65.3 -459.56 -64.44 28.16
Tax Paid -1.3 -1.56 -1.27 -2.2 -4.33
Operating Cash Flow -45.64 16.86 -0.98 40.13 41.49
Investing Cash Flow -4.88 14.95 -14.67 4.32 -2.29
Financing Cash Flow 50.32 -19.84 14.88 -51.35 -40.74
Net Cash Flow -0.2 11.96 -0.78 -6.9 -1.54

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 44.58 44.74 44.79 45.22 45.33
ashapura industria... 9.30 9.30 15.48 15.48 15.48
chetan navnitlal s... 15.57 15.57 14.80 14.80 14.80
dina chetan shah 10.58 10.58 10.06 10.06 10.06
manan chetan shah 2.57 2.57 2.45 2.45 2.45
chaitali chetan sh... 1.44 1.44 1.37 - -
chaitali nishit sa... - - - 1.37 1.37
himani chetan shah 0.16 0.16 0.16 0.16 0.16
navnital ratanji s... 0.15 0.15 - - -
navnitlal ratanji ... - - 0.14 0.14 0.14
ashapura overseas ... - - 0.11 0.11 0.11
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 55.42 55.26 55.21 54.78 54.67
albula investment ... 9.03 9.03 7.93 7.93 7.93
lts investment fun... 4.71 4.71 4.48 4.48 4.48
eriska investment ... 4.32 4.32 4.11 4.11 4.11
lgof global opport... 3.45 3.45 3.28 3.28 2.73
nayana mahendra ra... 1.67 1.67 1.32 1.32 1.30
india max investme... - - - - -
kodai investment a... - - 1.06 1.09 1.15
mahendra jethalal ... 1.12 1.12 1.04 1.04 1.04
llp - - 0.05 0.04 0.05

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Ashapura Minechem - Quaterly Results25 May 2023, 8:18PM Ashapura Minechem - Quaterly Results25 May 2023, 8:18PM Ashapura Minechem informs about press release26 Apr 2023, 2:58PM Ashapura Minechem gets nod to sell Chamotte Plant to Orient Abrasives22 Apr 2023, 3:10PM Ashapura Minechem submits unaudited financial result9 Feb 2023, 5:14PM Ashapura Minechem - Quaterly Results9 Feb 2023, 4:38PM Ashapura Minechem - Quaterly Results9 Feb 2023, 4:38PM Ashapura Minechem - Quaterly Results9 Feb 2023, 4:38PM Ashapura Minechem informs about newspaper publication4 Jan 2023, 5:21PM Ashapura Minechem informs about disclosure21 Dec 2022, 12:23PM Ashapura Minechem informs about disclosure21 Dec 2022, 12:22PM Ashapura Minechem informs about disclosure 17 Dec 2022, 10:51AM Ashapura Minechem informs about disclosure 1 Dec 2022, 11:03AM Ashapura Minechem informs about RPT disclosure28 Nov 2022, 5:12PM Ashapura Minechem - Quaterly Results14 Nov 2022, 6:35PM Ashapura Minechem - Quaterly Results14 Nov 2022, 6:35PM Ashapura Minechem informs about disclosure13 Sep 2022, 4:46PM Ashapura Minechem - Quaterly Results10 Aug 2022, 5:50PM Ashapura Minechem - Quaterly Results10 Aug 2022, 5:50PM Ashapura Minechem board recommends final dividend 31 May 2022, 3:46PM Ashapura Minechem - Quaterly Results30 May 2022, 9:05PM Ashapura Minechem - Quaterly Results30 May 2022, 9:05PM Ashapura Minechem informs about secretarial compliance report21 May 2022, 12:01PM Ashapura Minechem informs about board meeting4 May 2022, 3:47PM Ashapura Minechem informs about certificate19 Apr 2022, 4:24PM Ashapura Minechem - Quaterly Results8 Feb 2022, 7:14PM Ashapura Minechem - Quaterly Results8 Feb 2022, 7:14PM Ashapura Minechem informs about notice of postal ballot13 Jul 2021, 12:51PM Ashapura Minechem gets nod to acquire additional stake in Shantilal Multiport Infrastructure23 Jun 2021, 4:17PM Ashapura Minechem informs about annual secretarial compliance report21 Apr 2021, 4:30PM

Ashapura Minechem Stock Price Analysis and Quick Research Report. Is Ashapura Minechem an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Ashapura Minechem has a PE ratio of -166.383922745661 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Ashapura Minechem has ROA of -2.35590259383759 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Ashapura Minechem has a Current ratio of 1.17814244562748 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Ashapura Minechem has a ROE of -36.9786290160654 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Ashapura Minechem has a D/E ratio of 1.8719 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Ashapura Minechem has an Inventory turnover ratio of 5.14125376202958 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Ashapura Minechem has reported revenue growth of 41.9145074462558 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Ashapura Minechem for the current financial year is 1.32046880454307 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Ashapura Minechem is Rs 0.5 and the yield is 0.3914 %.

Brief about Ashapura Minechem

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