ASHAPURMIN · Ashapura Minechem Ltd · Metal Mining
ASHAPURMIN · Ashapura Minechem Ltd · Metal Mining
As of 06 Nov close
52-week range
55.0% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹1,616 Cr
Revenue YoY
PAT YoY
+5.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
3.3
P/S (TTM)
0.9
Sector P/E
17.3
Dividend yield
+0.4%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ASHAPURMIN (this stock) | 15.5 | 3.3 | +7.4% | +24.7% | 0.88 | +0.4% |
| Hindustan Zinc | 13.2 | 10.5 | +36.5% | +75.4% | 0.39 | +1.9% |
| Hindalco Industries | 14.7 | 2.2 | +4.9% | +9.8% | 0.73 | +0.5% |
| Vedanta | 11.2 | 2 | +18.6% | +39.6% | 0.56 | +11.0% |
Promoter
stable
FII
falling 1q
MF
0.27% (-0.01pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 27 Aug 2026 | CHETAN NAVNITLAL SHAH | BUY | 25,000 | ₹1.46 Cr |
| 26 Aug 2026 | CHETAN NAVNITLAL SHAH | BUY | 25,000 | ₹1.46 Cr |
| 27 Mar 2026 | Chetan Navnitlal Shah | BUY | 80,000 | ₹3.89 Cr |
| 27 Mar 2026 | Ashapura Industrial Finance Limited | SELL | 80,000 | ₹3.89 Cr |
| 24 Feb 2026 | Manan Chetan Shah Family Trust | BUY | 16,71,707 | — |
| 24 Feb 2026 | Chaitali Nishit Salot Family Trust | BUY | 55,88,340 | — |
| 24 Feb 2026 | Chetan Navnitlal Shah | SELL | 72,60,047 | — |
| 20 Feb 2026 | Chetan Navnitlal Shah | BUY | 85,000 | ₹4.53 Cr |
| 18 Feb 2026 | Chetan Navnitlal Shah | BUY | 49,000 | ₹2.73 Cr |
| 23 Dec 2025 | Ashapura Industrial Finance Limited | BUY | 40,000 | ₹3.44 Cr |
| 22 Dec 2025 | Ashapura Industrial Finance Limited | BUY | 40,000 | ₹3.44 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Ashapura Minechem Limited's Q1 and FY27 earnings conference call on August 19, 2026, discussed operational and financial performance amid challenging conditions. In Guinea, bauxite volumes declined to 2.34 million tons, down from 3.16 million tons in Q4 and 2.05 million tons in the prior year's Q1, while EBITDA per ton improved slightly to INR6.3 from INR5.9. Management highlighted ongoing freight volatility, geopolitical risks, and potential export quotas in Guinea, which could stabilize prices and reduce freight costs. Infrastructure projects, including expanded port capacities (up to 23 million tons annually) and a bauxite washing plant (20,000 tons/day), aim to enhance operational efficiency and resource utilization. In India, the business faced margin pressures from higher fuel, freight, and input costs, though value-added products in bentonite, white minerals, and advanced ceramics showed resilience. Consolidated revenue grew 19.2% YoY to INR1,616 crores, with EBITDA stable at INR188.9 crores. Management guided toward a 10% variance in FY27 bauxite targets (10–12 million tons) and expressed confidence in long-term demand from new refineries. The India business emphasized product diversification and infrastructure investments (INR200 crores) to drive future growth. Freight costs and geopolitical factors remain key near-term risks, but management remains optimistic about EBITDA recovery and medium-term expansion.
The document acknowledges challenges like freight volatility and margin pressures but also highlights infrastructure progress and long-term demand optimism.
Sourced from an exchange-filed transcript, dated 24 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings conference call for Ashapura Minechem Limited on June 4, 2026, highlighted the company's strong performance in Q4 and FY2026, with a 105% increase in top line and a profit margin of 48%. Management reported that the financial year was the best in the company's history, driven by significant growth in bauxite exports from Guinea, which reached 8 million tons. Despite challenges such as increased fuel costs and geopolitical unrest, management expressed optimism about future performance, particularly with the anticipated implementation of a bauxite quota system by the Guinean government, which could benefit smaller players like Ashapura. The company also discussed ongoing expansions in port facilities and plans for iron ore beneficiation. Financial results showed consolidated revenue of INR 5,237 crores for FY2026, with a healthy EBITDA of INR 674 crores. Management set a goal of INR 150 crores in capex for product development in India, focusing on value-added products.
Management emphasized strong growth and future opportunities despite challenges.
Sourced from an exchange-filed transcript, dated 08 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedAshapura Minechem Limited's FY2025-2026 annual report highlights strategic leadership transitions, including the appointment of Shri Chetan Shah as Chief – Strategy & Planning and Key Managerial Personnel (KMP) following his decision not to seek reappointment as a director. The report emphasizes the company's commitment to corporate governance, sustainability, and operational resilience, with a focus on strengthening core values and strategic guidance. It also outlines the company's compliance with regulatory requirements and its efforts to maintain transparency and stakeholder engagement.
- Appointment of Shri Chetan Shah as Chief – Strategy & Planning and KMP to continue his strategic leadership and guidance.
- Commitment to corporate governance, transparency, and stakeholder engagement as emphasized in the report.
- Focus on strengthening core values and principles of the Ashapura Group through experienced leadership.
- Compliance with regulatory requirements and adherence to SEBI and Companies Act guidelines.
Key takeaway: The company's emphasis on strategic leadership continuity and corporate governance underscores its commitment to long-term resilience and stakeholder value.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (6 items); Default / Covenant Breach (2 items); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
6 occurrencesRecent (last 12 months)
The company paid penalties of Rs. 63,720 each to BSE and NSE, and Rs. 2,00,000 to SEBI for regulatory violations during the Financial Year 2024-2025.
Earlier (1-3 years ago)
The company was imposed a penalty by Bombay Stock Exchange for late submission of Annual Report under Regulation 34 for financial year ended 31st March, 2014 and for delayed submission of scrutinizers report under regulation 44(3) for postal ballot held in February, 2020.
The company paid SOP fines of Rs. 63,720 each to BSE and NSE on 25th November 2024, and Rs. 74,340 each to both exchanges on 25th March 2025 for non-compliance with SEBI regulations. Additionally, penalties were paid to Bombay Stock Exchange on 25th January 2023 for delayed submissions of Annual Report and scrutinizers report.
Older (3+ years ago)
The company was imposed a penalty by Bombay Stock Exchange for late submission of Annual Report under Regulation 34 for financial year ended 31st March, 2014 and for delayed submission of scrutinizers report under Regulation 44(3) for postal ballot held in February, 2020.
The National Stock Exchange of India Limited imposed a penalty of Rs. 2,41,000 on the company for not appointing a Women Independent Director for the quarter ended 31st December, 2020. The penalty was waived off by the exchange on 10th January, 2022.
The company was imposed a penalty by NSE for delaying the filing of the result of the Postal Ballot held during the Financial Year ended 31st March, 2020, and paid the penalty to NSE under protest during FY 2020-2021.
Default / Covenant Breach
2 occurrencesEarlier (1-3 years ago)
The Company entered into a One Time Settlement (OTS) with Global Value Investments Pte Ltd (GVI) in Dubai on 12th February, 2024, agreeing to pay Rs. 110 crores to settle a liability of Rs. 165.77 crores, resulting in an extraordinary gain of Rs. 56.72 crores.
Older (3+ years ago)
The Company has defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender except for ₹1,694.74 lacs related to the borrowing from financial institution.
Investigation or enforcement mention
1 occurrenceRecent (last 12 months)
The company initiated legal action against an employee for wrongful use of confidential data.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor highlights that the risk of not detecting a material misstatement resulting from fraud is higher than for errors, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or overriding internal controls.
Contingent Liability
6 occurrencesRecent (last 12 months)
The company is subject to a large number of ongoing legal and other related claims, as stated under note no. 35 – Contingent Liabilities.
Earlier (1-3 years ago)
The company is subject to a large number of ongoing legal and tax-related claims as stated under note no. 36 – Contingent Liabilities.
Ashapura Minechem Limited has contingent liabilities in the form of guarantees to banks and government authorities for credit facilities extended to subsidiaries, associates, and joint ventures as of 31st March 2024.
Older (3+ years ago)
The company has provided guarantees/security of Rs. 1,570.24 lacs to a subsidiary where interest and principal repayments are not regular.
The Company is involved in litigations and related contingent liabilities, which are key audit matters requiring assessment during the audit process.
The company has contingent liabilities including guarantees to banks for credit facilities extended to subsidiaries and associates, and other disputed tax and VAT matters as of 31st March 2021.
Related-Party Transaction
5 occurrencesRecent (last 12 months)
Ashapura Minechem Limited has disclosed transactions with related parties, including entities controlled by directors and key managerial personnel, as per Ind AS 24.
Earlier (1-3 years ago)
The company has disclosed transactions with related parties, including entities controlled by directors and key managerial personnel, as per Ind AS 24.
Older (3+ years ago)
The company proposes to enter into related party transactions that may cross materiality thresholds, requiring member approval. The transactions are expected to be in the ordinary course of business and on an arm’s length basis.
The company has related party transactions with M/S Ashapura Holdings UAE FZE, a Step Down Subsidiary, involving purchase/sale of goods, services, and leasing. These transactions are approved by the Audit Committee and require member approval under SEBI regulations.
The company has sought shareholder approval for related party transactions, including a contract with Ashapura Perfoclay Limited, a joint venture, with a value up to 20% of the company's previous financial year's consolidated turnover.
Statutory dues in dispute
2 occurrencesOlder (3+ years ago)
The company has outstanding statutory dues of ₹2,701.63 lacs under the Income Tax Act for the year 2018-19, with the dispute pending before the Commissioner of Income Tax (Appeals).
The company has statutory dues disputes pending, including Service Tax, with amounts in lacs, and the relevant year and forum where the dispute is pending.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Chetan Navnitlal Shah's appointment as a director of Ashapura Minechem Limited is under review by the Special CBI Court following an order dated 26th August 2022.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
9.21% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).