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Ashapura Minechem Ltd share Price Today

Company details

402.85
418.00
117.40
483.20
6M Return -2.44%
1Y Return 224.38%
Mkt Cap.(Cr) 3,773.34
Volume 448,565
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 448,565

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Mining company Ashapura Minechem announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • As compared to Q4FY23, on a consolidated basis, the Profit After Tax for Q4FY24 increased by 69.31% to Rs 67.37 crore.

FY24 Financial Highlights:

  • As compared to FY23, on a consolidated basis, the Company’s revenues in FY24 increased by 41.66% whereas the Profit After Tax for FY24 increased by 156.72% to Rs 281.70 crore.
  • The Company has scaled up its Bauxite sales from Guinea in FY24 by overcoming several challenges faced by exporters from Guinea such as explosion in the country’s main tanker terminal and streamlining of new norms by the Government of Guinea for exports.
  • All other business segments of the Company including Bentonite, Kaolin and Bleaching Clay have performed well resulting in higher revenues and profits for FY24.
  •  The Company has completed the construction of its new port in Boffa in Guinea and expects to significantly enhance its Bauxite export volumes in FY25.
  • The accumulated reserves of Ashapura Minechem Ltd. on a stand-alone basis are unable to accommodate the declaration of dividend under the prevalent guidelines for FY24. However, the Company is mindful of its desire to reward its shareholders in the forthcoming quarters.

Result PDF

View Other Company Results

Ashapura Minechem Ltd shares SWOT Analysis

Strengths (12)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (0)

Data not found

Opportunity (4)

  • Positive Breakout First Resistance ( LTP > R1)
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 409.8
R2 416.1
R3 425.2
Pivot

400.67

S1 394.3
S2 385.2
S3 378.9
EMA SMA
357.8
352.9
353.7
328.5
357.4
344.8
365.6
353.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NAKSHATRA GARMENTS PRIVATE LIMITED Bulk Purchase 2022-09-09 103.51 535577 NSE
ALBULA INVESTMENT FUND LTD Bulk Sell 2022-09-09 101.97 1450000 NSE
NAKSHATRA GARMENTS PRIVATE LIMITED Bulk Sell 2022-09-09 103.81 535577 NSE
Name Category Shares
Chetan Navnitlal Shah PROMOTER 14.86%
Dina Chetan Shah PROMOTER 10.06%
Manan Chetan Shah PROMOTER 2.45%
Chaitali Nishit Salot PROMOTER 1.37%
Ashapura Industrial Finance Limited PROMOTER 16.21%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Ashapura Minechem Ltd Stocks COMPARISON

Financials( in Cr) Ashapura Minechem Ltd Coal India Ltd Vedanta Ltd NMDC Ltd Lloyds Metals & Energy Ltd
Price 412.45 487.90 439.80 265.35 720.60
% Change 2.23 -0.16 -1 0.86 -0.54
Mcap Cr 3,773.34 300,679.50 163,482.72 77,763.63 36,408.60
Revenue TTM Cr 1,830.85 138,251.91 147,308.00 17,666.88 3,392.31
Net Profit TTM Cr 109.73 28,124.94 14,506.00 5,537.72 -288.54
PE TTM 18.14 8.05 51.58 13.36 29.43
1 Year Return 224.38 113.06 58.29 145.69 27.92
ROCE 0.00 29.53 19.89 28.47 0.00
ROE 0.00 56.03 22.74 22.69 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 655.01 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,884.91 -9,332.45
LAST 3M 106,892.87 -46,178.73
LAST 6M 180,013.62 -16,713.35
LAST 12M 285,796.32 100,710.28

Ashapura Minechem Ltd Information

Stock PE (TTM)
18.14
Promoter Holding
45.39%
Book Value
100.6008
ROCE
0%
ROE
0%
Description
  • Ashapura Minechem Limited was incorporated as a Public Limited Company on 19th February, 1982 and was promoted by Navnitlal R. Shah. They explored Bentonite which finds application in various industries such as oil and water well drilling, foundries, iron ore pelletization, civil engineering, etc. The Company is engaged in the mining, manufacturing and trading of various minerals and its derivative products. Ashapura Minechem Ltd, the flagship company of the Ashapura Group is well known as India`s largest mine owner and exporter of bentonite. They are the world`s sixth largest producer of Bentonite and the largest exporter of Bentonite and metallurgical grade Bauxite from India having nearly 3500 acres of Bentonite mines and 5500 acres of Bauxite mines under their control. The company has activation, milling and processing plants in several different locations in India. They are located at Kutch and Jamnagar in Gujarat, Thiruvananthapuram in Kerala and Ranga Reddy in Andhra Pradesh. In the year 1991, the company made a Marketing Alliance with Mitsubishi Corporation, Japan. In the year 1997, Ashapura Volclay Ltd, a join venture between the company and Volclay International Corporation, USA started to manufacture value added Bentonite products. During the year 1999-2000, the company had set up a R & D Centre near Mumbai. This R & D facility was considered among the world`s best acquired from Shimadhu of Japan. The Bleaching Earth Project undertaken by Ashapura Volclay Ltd which is a joint venture company commenced their production from November 2001. The company acquired 51% stake in Bombay Minerals Ltd. In the next year, they acquired the remaining 49% stake in Bombay Minerals Ltd. Thus they become a wholly owned subsidiary company. The company also acquired Prashansha Ceramics Ltd, which is a subsidiary of Bombay Minerals Ltd. The company continue to pursue their strategy of geographic expansion and portfolio diversification. The company has diversified into business of other minerals such as Iron ore, Bleaching Clay, Kaolin, Barites in addition to their already existing mineral portfolio. In October 2007, the company through their wholly owned subsidiary Ashapura Miniechem (UAE) FZE, has entered Agreement with Alawi Enterprises LLC, Oman, primarily for mining, extracting, processing and sale of calcium carbonate and Gypsum. During the financial year 2007-08, the company`s step down subsidiary, Ashapure Holding (UAE) FZE established a wholly owned subsidiary, Ashapura Maritime FZE in July 2007 which is engaged in shipping activities. Also, Ashapura Maritime FZE has incorporated an entity, Asha Prestige Company on June 10, 2008. The company established Ashapura Aluminium Ltd, a wholly owned subsidiary for setting up the Alumina Refinery Project in collaboration with China Aluminium International Engineering Company Ltd has got the clearance form the Ministry of Environment and Forests and Ministry of Commerce and Industry. The company has established two Export Oriented Units in Jamnagar and Baraya for Bauxite and Bentonite respectively. The company has planned to commission their Kaolin project in Kerala by the end of the 2008. Then, the plant will be India`s largest Kaolin processing facility with the capacity of 180000 tonnes. In year 2009, the Company divested its entire shareholding from its 100% subsidiaries viz. Ashapura Industrial Finance Limited and Ashapura Logistics and Infrastructure Private Limited w.e.f. 24th March, 2009 and 4th May, 2009, respectively. It commenced operations of Kaolin Project in July, 2009. During the year 2017-18, the Company acquired the entire stake of Mineralco International Private Limited, now known as M/s. Ashapura Resources Private Limited thereby making as its wholly-owned subsidiary. The Company`s step-down subsidiary M/s. Ashapura Holdings (UAE) FZE, United Arab Emirates incorporated a wholly-owned subsidiary in Indonesia named PT Ashapura Bentoclay Fareast. The Company in venture with M/s. Dhofar Minerals LLC, Oman incorporated a Company in Oman named M/s. Ashapura Dhofar Resources LLC and owned 70% of the share capital of Ashapura Dhofar. During the year 2019-20, Ashapura Guinea Resources SARL - Guinea, Ashapura Minex Resources SAU - Guinea and Societe Guineenne des Mines de Fer - Guinea became wholly owned overseas step down subsidiaries and FAKO Resources SARL - Guinea became overseas step down subsidiary with 90% interest. Further, dated 28th February, 2020, Company regained the ownership and control of its two Wholly Owned Subsidiaries viz. Ashapura International Limited and Bombay Minerals Limited and one Joint Venture Company viz. Ashapura Perfoclay Limited, however, their shares continued to be under pledge with ASQ Connect Limited. Ashapura Maritime FZE - UAE ceased to be Subsidiary of the Company w.e.f. 15th March, 2020. In year 2020-21, the Company acquired Equity Shares of M/s. Shantilal Multiport Infrastructure Private Limited by way of subscription to 6,63,690 Equity Shares of Rs. 10/- each. Before this acquisition, it was holding 1,86,285 shares of M/s. Shantilal Multiport Infrastructure Private Limited and Post this acquisition the percentage shareholding/ control of the Company increased to 50%, thereby making it an Associate Company. During the year 2021-22, Ashapura Midgulf NV and Ashapura Fareast SDN BHD became an overseas step down subsidiary of the Company. Further, Orient Advanced Material Pvt Ltd and Shantilal Multiport Infrastructure Private Limited became associate of the Company through direct and/ or indirect acquisition/transfer of shares by the Company/its subsidiary/associate Company. Further, Sohar Ashapura Chemicals LLC company ceased to be an overseas joint venture company during the year 2022.

Registered Address

Jeevan Udyog Bldg 3rd Floor, 278 D N Road Fort, Mumbai, Maharashtra, 400001

Tel : 91-22-66221700
Email : cosec:ashapura.com; info:ashapura.com
Website : http://www.ashapura.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 527001
NSE Code : ASHAPURMIN
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE348A01023

FAQ’s on Ashapura Minechem Ltd Shares

You can buy Ashapura Minechem Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ashapura Minechem Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:58 PM the closing price of Ashapura Minechem Ltd was Rs.412.45.

The latest PE ratio of Ashapura Minechem Ltd as of Jun 13, 2024 03:58 PM is 18.14

The latest PB ratio of Ashapura Minechem Ltd as of Jun 13, 2024 03:58 PM is 0.25

The 52-week high of Ashapura Minechem Ltd share price is Rs. 483.20 while the 52-week low is Rs. 117.40

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 13, 2024 03:58 PM, the market cap of Ashapura Minechem Ltd stood at Rs. 3,773.34.

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