BSE: 527001 | NSE: ASHAPURMIN | Mining & Minerals | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ashapura Minechem Ltd is a average quality company.
The key valuation ratios of Ashapura Minechem Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashapura Minechem Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 0% | 88.6% | 12.3% | 17.5% | 99.3% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | 5.3 | -0.1 | 0.3 | 6.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 749 | 592 | 236 | 239 | 337 | 206 | 421 | 598 | 223 | 333 | 328 |
| Sales YoY Gr. | - | -20.9% | -60.2% | 1.5% | 41.1% | -39% | 104.8% | 41.9% | -62.8% | 49.6% | - |
| Adj EPS ⓘ | 4.3 | 6.2 | -6.6 | -6.3 | -3.7 | 10 | 4.7 | -2.1 | -1.2 | 12.4 | 15 |
| YoY Gr. | - | 43.5% | -207.3% | NA | NA | NA | -53.2% | -144.3% | NA | NA | - |
| BVPS (₹) ⓘ | -31.1 | -23.6 | -29.8 | -37.6 | -46.2 | -0.8 | 5.5 | 4 | 2.7 | 20.8 | 27.9 |
| Adj Net Profit ⓘ | 37.4 | 53.7 | -57.6 | -54.7 | -32 | 86.7 | 40.6 | -19 | -11.1 | 113 | 143 |
| Cash Flow from Ops. ⓘ | 51.7 | 146 | 16.5 | -45.6 | 16.9 | -1 | 40.1 | 41.5 | 38.1 | -12.9 | - |
| Debt/CF from Ops. ⓘ | 1.8 | 0.5 | 4.1 | -1.3 | 2.7 | -94.8 | 2.1 | 1.7 | 1.4 | -3.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -8.6% | -0.3% | -7.5% | 49.6% | ||||
| Adj EPS ⓘ | 12.5% | NA | 38.4% | NA | ||||
| BVPSⓘ | NA | NA | 55.4% | 663.2% | ||||
| Share Price | 14% | 57.3% | 35% | -20% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -18 | -22.6 | 24.8 | 18.7 | 8.8 | -42.9 | 168.1 | -42.9 | -31.3 | 96.8 | 61.7 |
| Op. Profit Mgn % ⓘ | 16.6 | 12.4 | -15.1 | -9.8 | 3.5 | -8.1 | 19.1 | 1.3 | -2.5 | 26.4 | 23 |
| Net Profit Mgn % ⓘ | 5 | 9.1 | -24.4 | -22.9 | -9.5 | 42.1 | 9.6 | -3.2 | -5 | 34 | 43.8 |
| Debt to Equity ⓘ | -0.3 | -0.4 | -0.3 | -0.2 | -0.1 | -13.4 | 1.8 | 1.9 | 2.2 | 0.2 | 0.1 |
| Working Cap Days ⓘ | 239 | 305 | 705 | 591 | 379 | 598 | 343 | 274 | 676 | 409 | 232 |
| Cash Conv. Cycle ⓘ | 117 | 137 | 285 | 276 | 161 | 272 | 152 | 115 | 274 | 155 | 117 |
Return on Equity has increased versus last 3 years average to 61.70%
Net Profit is growing at healthy rate in last 3 years 38.44%
Debt to equity has declined versus last 3 years average to 0.24
Sales growth is good in last 4 quarters at 31.63%
Sales growth has been subdued in last 3 years -7.54%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15 | 24 |
| TTM Sales (₹ Cr.) | 328 | 2,471 |
| BVPS (₹.) ⓘ | 27.9 | 111 |
| Reserves (₹ Cr.) ⓘ | 247 | 1,041 |
| P/BV ⓘ | 9.11 | 2.29 |
| PE ⓘ | 16.92 | 10.60 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 199.95 / 483.25 |
| All Time Low / High (₹) | 1.00 / 483.25 |
| Market Cap (₹ Cr.) | 2,426 |
| Equity (₹ Cr.) | 19.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 14.3 |
| Pledged * | 55.56 | 55.49 | 54.97 | 54.83 | 54.83 | 30.72 | 30.72 | 30.68 | 30.68 | 14.79 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 749 | 592 | 236 | 239 | 337 | 206 | 421 | 598 | 223 | 333 |
| Operating Expenses ⓘ | 625 | 519 | 273 | 268 | 363 | 245 | 341 | 590 | 230 | 245 |
| Manufacturing Costs | 88 | 82 | 69 | 56 | 61 | 58 | 43 | 52 | 56 | 77 |
| Material Costs | 135 | 109 | 92 | 107 | 132 | 86 | 169 | 310 | 70 | 85 |
| Employee Cost | 26 | 38 | 36 | 31 | 30 | 24 | 21 | 25 | 28 | 30 |
| Other Costs ⓘ | 376 | 290 | 76 | 74 | 139 | 77 | 107 | 203 | 76 | 54 |
| Operating Profit ⓘ | 124 | 73 | -38 | -29 | -25 | -39 | 80 | 8 | -8 | 88 |
| Operating Profit Margin (%) | 16.6% | 12.4% | -16.0% | -11.9% | -7.5% | -19.1% | 19.0% | 1.3% | -3.4% | 26.4% |
| Other Income ⓘ | 9 | 6 | 13 | 10 | 9 | 7 | 22 | 26 | 40 | 13 |
| Interest ⓘ | 10 | 10 | 10 | 11 | 10 | 14 | 35 | 31 | 23 | 15 |
| Depreciation ⓘ | 16 | 20 | 24 | 24 | 23 | 21 | 20 | 20 | 15 | 10 |
| Exceptional Items ⓘ | -231 | 15 | 0 | -15 | -26 | 461 | 19 | 0 | 0 | 75 |
| Profit Before Tax ⓘ | -124 | 65 | -59 | -69 | -74 | 393 | 66 | -16 | -6 | 151 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 0 | 1 | -15 |
| Profit After Tax | -124 | 65 | -59 | -69 | -74 | 393 | 56 | -16 | -7 | 166 |
| PAT Margin (%) | -16.5% | 10.9% | -25.0% | -28.7% | -22.0% | 191.1% | 13.2% | -2.6% | -3.1% | 50.0% |
| Adjusted EPS (₹) | -14.3 | 7.4 | -6.8 | -7.9 | -8.5 | 45.2 | 6.4 | -1.7 | -0.8 | 18.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 8% | -29% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -270 | -205 | -259 | -327 | -401 | -7 | 48 | 37 | 25 | 190 |
| Share Capital ⓘ | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 18 | 18 | 18 |
| Reserves ⓘ | -288 | -223 | -276 | -344 | -419 | -24 | 31 | 18 | 7 | 172 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 66 | 68 | 58 | 49 | 36 | 84 | 67 | 43 | 17 | 17 |
| Long Term Debt | 0 | 42 | 33 | 24 | 14 | 84 | 67 | 42 | 17 | 17 |
| Short Term Debt | 66 | 26 | 25 | 25 | 21 | 0 | 0 | 1 | 0 | 0 |
| Trade Payables | 51 | 93 | 50 | 44 | 67 | 50 | 117 | 106 | 51 | 61 |
| Others Liabilities ⓘ | 863 | 836 | 850 | 870 | 894 | 460 | 450 | 461 | 493 | 277 |
| Total Liabilities ⓘ | 710 | 792 | 699 | 636 | 595 | 587 | 682 | 646 | 586 | 546 |
Fixed Assets | ||||||||||
| Gross Block | 232 | 296 | 334 | 341 | 337 | 334 | 336 | 340 | 295 | 286 |
| Accumulated Depreciation | 90 | 107 | 125 | 147 | 164 | 175 | 195 | 213 | 190 | 192 |
| Net Fixed Assetsⓘ | 142 | 189 | 210 | 194 | 174 | 159 | 141 | 127 | 106 | 94 |
| CWIP ⓘ | 9 | 49 | 2 | 5 | 7 | 3 | 1 | 3 | 2 | 6 |
| Investmentsⓘ | 39 | 39 | 69 | 68 | 54 | 67 | 44 | 40 | 40 | 40 |
| Inventories | 106 | 121 | 88 | 140 | 132 | 107 | 118 | 115 | 104 | 92 |
| Trade Receivables | 200 | 185 | 138 | 72 | 71 | 111 | 213 | 154 | 117 | 131 |
| Cash Equivalents | 28 | 16 | 7 | 6 | 22 | 22 | 17 | 13 | 28 | 21 |
| Others Assetsⓘ | 186 | 193 | 186 | 151 | 135 | 119 | 148 | 195 | 190 | 162 |
| Total Assets ⓘ | 710 | 792 | 699 | 636 | 595 | 587 | 682 | 646 | 586 | 546 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 52 | 146 | 16 | -46 | 17 | -1 | 40 | 41 | 38 | -13 |
| PBT ⓘ | 107 | 49 | -59 | -69 | -74 | 393 | 66 | -16 | -6 | 151 |
| Adjustment ⓘ | 19 | 42 | 22 | 26 | 27 | 67 | 41 | 33 | 13 | -3 |
| Changes in Working Capital ⓘ | 140 | 42 | 55 | -2 | 65 | -460 | -64 | 28 | 33 | -158 |
| Tax Paid ⓘ | -2 | -2 | -1 | -1 | -2 | -1 | -2 | -4 | -3 | -3 |
| Cash Flow From Investing Activity ⓘ | -20 | -102 | -14 | -5 | 15 | -15 | 4 | -2 | 1 | 33 |
| Capex | -28 | -108 | -24 | -10 | -2 | -4 | -1 | -5 | -4 | 27 |
| Net Investments | 1 | 0 | 0 | 0 | 13 | -13 | 0 | -1 | 0 | 0 |
| Others ⓘ | 7 | 6 | 10 | 5 | 4 | 2 | 5 | 3 | 5 | 5 |
| Cash Flow From Financing Activityⓘ | -29 | -48 | -8 | 50 | -20 | 15 | -51 | -41 | -27 | -27 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | 41 | 0 | 0 | 0 | 70 | -17 | -17 | -10 | -10 |
| Interest Paid ⓘ | -11 | -27 | -6 | -8 | -7 | -37 | -35 | -30 | -22 | -17 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4 | -5 | 0 |
| Others ⓘ | -17 | -62 | -2 | 58 | -13 | -18 | 0 | 0 | 10 | 0 |
| Net Cash Flow ⓘ | 3 | -3 | -6 | 0 | 12 | -1 | -7 | -2 | 12 | -7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | 270.37 | -36.98 | -22.81 | 154.93 |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | 88.63 | 12.26 | 17.5 | 99.28 |
| Asset Turnover Ratio | 1.06 | 0.79 | 0.32 | 0.36 | 0.55 | 0.35 | 0.66 | 0.9 | 0.36 | 0.59 |
| PAT to CFO Conversion(x) | N/A | 2.25 | N/A | N/A | N/A | -0 | 0.71 | N/A | N/A | -0.08 | Working Capital Days |
| Receivable Days | 97 | 118 | 250 | 160 | 77 | 161 | 140 | 112 | 222 | 136 |
| Inventory Days | 60 | 70 | 161 | 173 | 147 | 211 | 97 | 71 | 180 | 108 |
| Payable Days | 166 | 240 | 285 | 160 | 153 | 249 | 180 | 131 | 407 | 242 |
Ashapura Minechem (AML) is mine owner and exporter of bentonite.
The Ashapura Group also has business interests in iron ore, bleaching clay, kaolin and barites. The group has mining and mineral processing units located at
AML is among the top six global producers of bentonite and owns 3500 acres of bentonite mines and 5500 acres of bauxite mines
The company’s mining and processing facilities are located at Kutch and
In 1998, the company diversified into bauxite and owns 100 million tones of reserves. The company commands 8% of share in global trading market.
In the year 1999 AMCOL International Corporation acquired 20 % of equity stake in AML. Due to this AML got access to AMCOL technology for various value added bentonite products. These products have applications in various industries such as oil and water well drilling, foundries, iron ore pelletization, civil engineering, etc.
Currently the company has interest in countries like
In 2010 the company started new Initiatives in Indonesia to explore value added Minerals.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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