Ashapura Minechem Ltd

BSE: ASHAPURMIN527001ISIN INE348A01023

Commodities
Industrial Minerals
BSE Commodities

Share price

₹431.40+13.85 (+3.32%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹924.70
52W low: ₹406.00
Off 52W high: -53.35%
1M return: -12.22%
3M return: -41.51%
6M return: -34.68%
1Y return: -35.19%
20D avg volume: 46,253
50 DMA: ₹500.81
200 DMA: ₹600.92

Key ratios Consolidated

Market cap: ₹4,121 Cr
Current price: ₹431.40
52W high / low: ₹924.70 / ₹406.00
Face value: ₹2.00
P/E: 10.03
P/B: 2.50
EPS (TTM): ₹43.01
Book value / share: ₹172.61
ROE: —
ROCE: 19.20%
Operating margin: —
Net margin: —
Debt / equity: 0.88
Net debt: ₹1,128 Cr
Interest cover: 4.55
Dividend yield: 0.46%
Dividend / share (TTM): ₹2.00
Payout: 4.65%
Cash conversion cycle: 45.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,616	1,969	960.43	952.50	1,356	555.24	865.44	604.10	714.15	440.08	713.10	554.07
	7.60	82.66	28.70	1.44	5.95	56.09	13.81	1.16	3.83	2.00	5.90	21.71
	1,624	2,051	989.13	953.94	1,362	611.34	879.25	605.25	717.99	442.09	719.00	575.78
	1,500	1,910	903.66	883.20	1,236	529.83	766.27	578.72	661.03	428.70	697.63	554.88
	512.40	521.15	278.96	143.85	258.07	210.64	211.79	57.66	102.77	54.46	127.27	168.95
	12.73	34.19	49.53	32.72	27.08	36.81	29.43	20.93	33.05	30.44	4.01	4.15
	35.99	36.68	40.15	32.54	33.84	44.82	41.70	36.60	36.03	37.98	29.79	29.03
	28.87	33.81	23.95	29.22	30.89	29.65	23.28	19.02	16.98	16.01	22.25	11.95
	36.72	35.41	33.65	32.16	31.50	29.38	12.07	19.68	16.86	20.99	20.05	19.32
	1,026	1,294	541.17	563.78	747.83	356.61	99.74	68.72	75.16	81.78	84.58	—
	123.31	141.46	85.47	70.74	125.35	81.51	112.98	26.53	56.96	13.39	21.37	20.90
	0.00	0.00	-4.56	0.00	0.00	0.00	0.00	0.00	0.00	56.72	32.65	10.37
	123.31	141.46	80.91	70.74	125.35	81.51	112.98	26.53	56.96	70.11	54.02	31.27
	21.72	26.12	8.81	24.77	17.94	5.78	11.88	7.05	4.79	9.21	7.97	3.61
	108.31	120.64	75.95	105.98	113.90	78.55	107.59	42.62	60.31	67.37	54.19	58.16
	12.07	11.59	8.82	10.11	11.50	9.08	11.15	4.71	6.51	7.49	6.16	6.49
Key metrics
	188.90	210.68	138.51	132.12	187.74	140.54	148.33	65.23	90.80	107.11	96.32	62.54
	11.70%	10.70%	14.40%	13.90%	13.80%	25.30%	17.10%	10.80%	12.70%	24.30%	13.50%	11.30%
	6.70%	6.10%	7.90%	11.10%	8.40%	14.10%	12.40%	7.10%	8.40%	15.30%	7.60%	10.50%
	—	6.30%	—	4.10%	—	5.00%	—	—	—	—	—	—
	19.20%	254.60%	11.00%	57.70%	89.80%	26.20%	21.40%	9.00%	—	—	—	—
	-4.90%	53.60%	-29.40%	148.70%	88.90%	16.60%	98.50%	-26.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	5,498	5,237	2,739	2,654	1,831	1,278
	120.40	118.75	74.89	61.82	86.12	95.60
	5,618	5,356	2,814	2,716	1,917	1,373
	5,197	4,933	2,536	2,556	1,795	1,292
	1,456	1,202	582.86	418.79	472.24	324.93
	129.17	95.23	120.22	108.19	129.83	133.20
	145.36	143.19	159.15	124.66	106.18	98.39
	115.85	117.87	88.92	69.72	64.32	55.45
	137.94	132.72	77.98	78.63	72.56	58.13
	3,425	3,147	1,662	300.69	—	719.82
	420.98	423.02	277.97	159.63	121.81	81.41
	-4.56	-4.56	0.00	98.43	0.00	0.00
	416.42	418.46	277.97	258.06	121.81	81.41
	81.42	28.11	15.40	26.98	29.73	11.26
	410.88	416.47	289.07	281.70	109.73	86.53
	42.59	42.02	31.46	31.37	12.79	9.65
Key metrics
	670.21	669.05	444.87	406.41	258.69	194.99
	12.19%	12.80%	16.20%	15.30%	14.10%	15.30%
	7.47%	8.00%	10.60%	10.60%	6.00%	6.80%
	—	19.20%	16.50%	—	—	—
	62.64%	91.20%	3.20%	44.90%	43.30%	—
	19.91%	44.10%	2.60%	156.70%	26.80%	—
	—	183.52	-212.34	—	—	—
	—	1.11	0.65	—	—	—
	—	0.88	0.95	—	—	—
	—	1,128	1,054	—	—	—
	—	45.5	78.1	—	—	—
Balance sheet
	—	4,698	3,931	—	—	—
	—	2,588	2,100	—	—	—
	—	315.80	109.35	—	—	—
	—	1,001	547.45	—	—	—
	—	584.75	654.33	—	—	—
	—	366.07	501.89	—	—	—
	—	1,332	1,182	—	—	—
	—	934.14	616.02	—	—	—
	—	1,902	1,708	—	—	—
	—	1,444	1,163	—	—	—
	—	423.62	305.07	—	—	—
	—	1,020	857.84	—	—	—
	—	1,645	1,223	—	—	—
Cash flow
	—	462.86	188.40	—	—	—
	—	-270.57	-391.50	—	—	—
	—	14.17	177.83	—	—	—
	—	279.34	400.74	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	110.63	117.79	121.28	87.05	106.02	122.64	96.85	74.32	77.70	78.65	97.12	66.65
	5.02	16.21	5.28	13.61	3.65	1.92	6.45	4.78	2.02	1.46	3.92	4.83
	115.65	134.00	126.56	100.66	109.67	124.56	103.30	79.11	79.71	80.11	101.04	71.49
	82.17	78.21	98.38	70.73	69.89	108.07	81.59	66.33	59.01	74.04	73.37	64.09
	31.17	25.56	23.51	16.78	22.16	26.60	21.56	14.97	19.25	18.27	17.76	19.90
	1.26	5.13	27.19	3.57	5.13	34.21	20.22	4.91	8.07	6.90	13.06	4.11
	9.03	9.50	9.54	8.27	8.10	8.50	8.17	7.58	7.43	7.45	8.07	8.16
	2.31	2.65	3.00	3.06	2.92	1.08	1.88	2.04	2.06	3.09	3.28	3.37
	2.42	2.45	2.44	2.54	2.45	2.25	2.17	2.16	2.58	2.66	2.52	2.53
	35.37	29.03	34.21	30.25	31.25	31.64	18.65	17.75	17.89	19.99	17.84	—
	33.48	55.79	28.18	29.93	39.78	16.49	21.71	12.77	20.71	6.07	27.67	7.39
	0.00	0.00	-1.77	0.00	0.00	0.00	—	—	—	56.72	7.10	10.37
	33.48	55.79	26.41	29.93	39.78	16.49	21.71	12.77	20.71	62.79	34.76	17.76
	8.70	14.69	7.22	34.62	9.98	-3.84	4.32	1.44	3.28	5.55	2.12	1.21
	24.78	41.10	19.19	64.55	29.80	20.34	26.03	14.21	23.98	68.34	36.88	18.97
	2.59	4.30	2.01	6.76	3.12	2.13	2.74	1.50	2.62	7.47	4.03	2.07
Key metrics
	38.21	60.89	31.85	35.53	45.15	19.82	25.76	16.97	25.35	68.54	40.56	23.66
	34.50%	51.70%	26.30%	40.80%	42.60%	16.20%	26.60%	22.80%	32.60%	87.10%	41.80%	35.50%
	22.40%	34.90%	15.80%	74.20%	28.10%	16.60%	26.90%	19.10%	30.90%	86.90%	38.00%	28.50%
	—	9.30%	—	5.50%	—	3.30%	—	—	—	—	—	—
	4.30%	-4.00%	25.20%	17.10%	36.40%	55.90%	-0.30%	11.50%	—	—	—	—
	-16.80%	102.10%	-26.30%	354.30%	24.30%	-70.20%	-29.40%	-25.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	436.75	432.14	371.52	333.14	222.69	598.15
	40.12	38.75	15.16	13.38	40.01	26.47
	476.87	470.89	386.68	346.53	262.71	624.62
	329.49	317.20	315.00	270.03	268.53	640.28
	97.02	88.01	82.38	75.51	59.52	50.57
	37.15	41.02	67.41	29.62	17.00	265.73
	36.34	35.41	31.67	31.90	29.33	26.48
	11.02	11.63	7.06	14.19	22.39	30.11
	9.85	9.88	9.17	10.26	15.38	19.52
	128.86	124.74	114.72	69.54	—	245.61
	147.38	153.69	71.68	76.50	-5.82	-15.65
	-1.77	-1.77	0.00	74.55	—	—
	145.61	151.92	71.68	151.05	-5.82	-15.65
	65.23	2.73	12.87	15.41	1.19	—
	149.62	154.65	84.55	166.46	-7.01	-15.65
	15.66	16.19	8.99	18.20	-0.77	-1.75
Key metrics
	166.48	173.43	87.91	175.50	31.95	33.98
	38.12%	40.10%	23.70%	52.70%	14.30%	5.70%
	34.26%	35.80%	22.80%	50.00%	-3.10%	-2.60%
	—	26.00%	15.00%	—	—	—
	9.23%	16.30%	11.50%	49.60%	-62.80%	—
	65.55%	82.90%	-49.20%	2,474.60%	55.20%	—
	—	64.78	-54.69	—	—	—
	—	0.48	-0.55	—	—	—
	—	0.12	0.25	—	—	—
	—	9.41	58.39	—	—	—
	—	301.1	259.7	—	—	—
Balance sheet
	—	777.44	708.85	—	—	—
	—	546.87	479.70	—	—	—
	—	46.45	19.11	—	—	—
	—	318.85	245.16	—	—	—
	—	87.46	89.55	—	—	—
	—	70.18	104.61	—	—	—
	—	92.15	93.06	—	—	—
	—	49.81	70.41	—	—	—
	—	148.07	182.78	—	—	—
	—	55.86	77.50	—	—	—
	—	0.00	0.00	—	—	—
	—	55.86	77.50	—	—	—
	—	457.79	312.85	—	—	—
Cash flow
	—	74.85	-46.43	—	—	—
	—	-4.80	-1.84	—	—	—
	—	-42.71	53.59	—	—	—
	—	10.07	8.26	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +24.73%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +9.23%
Profit YoY (TTM): +65.55%

Consolidated

Sales CAGR 3Y: +41.95%
Sales CAGR 5Y: —
Profit CAGR 3Y: +55.99%
Profit CAGR 5Y: —
Sales YoY (TTM): +62.64%
Profit YoY (TTM): +19.91%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 48.08%

Quarter	September 2026	June 2026
Promoter %	48.08%	48.03%

Holder	Type	Holding	Previous	Change
Ashapura Industrial Finance Limited	Promoter Group	17.75%	17.75%	0.00%
ERISKA INVESTMENT FUND LTD	Public	7.66%	4.62%	+3.04%
Himani Ankur Shah Family Trust	Promoter Group	7.01%	0.00%	+7.01%
Chetan Navnitlal Shah	Promoter	6.99%	6.94%	+0.05%
Chaitali Nishit Salot Family Trust	Promoter Group	5.85%	5.85%	0.00%
Manan Chetan Shah	Promoter Group	4.35%	4.35%	0.00%
GRIFFIN GROWTH FUND VCC	Public	3.63%	3.63%	0.00%
Dina Chetan Shah	Promoter Group	2.62%	9.63%	-7.01%
Manan Chetan Shah Family Trust	Promoter Group	1.75%	1.75%	0.00%
Chaitali Nishit Salot	Promoter Group	1.34%	1.34%	0.00%
ALBULA INVESTMENT FUND LTD	Public	1.04%	4.08%	-3.04%
Himani Chetan Shah	Promoter Group	0.15%	0.15%	0.00%
Late Navnital Ratanji Shah	Promoter	0.14%	0.14%	0.00%
Ashapura Overseas Private Limited	Promoter Group	0.13%	0.13%	0.00%
Fizzah N Shah	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Lloyds Metals and Energy Limited	1,01,309	1,799.30	18.84	19.40%	+170.74% TTM	+198.69% TTM	+36.47%
NMDC Ltd S	61,437	69.88	8.23	28.60%	+27.24% TTM	+11.72% TTM	-5.94%
Gujarat Mineral Development Corpora	14,908	468.80	22.54	15.60%	+18.63% TTM	-34.09% TTM	-20.18%
GRAVITA INDIA LIMITED	10,876	1,473.55	27.35	18.10%	+23.93% TTM	+9.86% TTM	-16.63%
MOIL Limited	4,433	217.85	—	—	—	—	-40.11%
Ashapura Minechem Ltd	4,121	431.40	10.03	19.20%	+62.64% TTM	+19.91% TTM	-35.19%
Orissa Minerals Development Company Limited S	2,013	3,355.50	604.59	14.80%	+47.47% TTM	+108.11% TTM	-36.67%
20 Microns Limited	639	181.00	10.00	20.10%	+4.21% TTM	+2.41% TTM	-16.18%
Nile Ltd.	401	1,335.95	8.29	23.60%	+17.01% TTM	+12.07% TTM	-27.16%
Goa Carbon Ltd. S	366	400.10	-7.81	-11.10%	-2.94% TTM	-42.20% TTM	-7.78%
ASI INDUSTRIES LIMITED S	197	21.87	7.41	9.50%	+10.43% TTM	+2.66% TTM	-31.59%
Southern Magnesium And Chemicals Lt S	21	68.55	-74.51	4.80%	-48.36% TTM	-120.45% TTM	-43.95%
Kachchh Minerals Ltd. S	13	25.38	-12.88	-72.40%	—	-377.27% TTM	-22.03%
Raw Edge Industrial Solutions Limited S	13	13.27	22.12	4.00%	+5.45% TTM	+141.50% TTM	-47.28%

Filings & corporate actions

Recent announcements

Intimation of Board Meeting to be held on 5th November, 202630 Oct 2026 · Company Update / Newspaper Publication
Ashapura Minechem Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve to consider and to take on ....29 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed the certificate received from MUFG Intime India Private Limited, Registrar and Share Transfer Agent of the Company for the quarter ended 30th September, 202612 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Retire by Rotation of Mr. Chetan Shah29 Sep 2026 · Company Update / Change in Management
Appointment of Mr. Manan Shah as Whole Time Director-Business Development of the Company29 Sep 2026 · Company Update / Change in Management
Scrutinizers Report and Voting Results29 Sep 2026 · AGM/EGM / AGM
Proceedings of AGM held on 29th September, 202629 Sep 2026 · AGM/EGM / AGM
Intimation of Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Disclosure under Regulation 30 of SEBI LODR23 Sep 2026 · Company Update / Award of Order / Receipt of Order
The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....22 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011
Newspaper Advertisement pertaining to loss of share certificate22 Sep 2026 · Company Update / Newspaper Publication
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eriska Investment Fund Ltd19 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
TDS Communication to Shareholders19 Sep 2026 · Company Update / General
Newspaper Publication- Notice of Annual General Meeting4 Sep 2026 · Company Update / Newspaper Publication
Please Find Enclosed3 Sep 2026 · Company Update / General
BRSR FY2025-20263 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Record date for declaration of Dividend is 22nd September, 20263 Sep 2026 · Corp. Action / Record Date
Please find enclosed Annual Report 2025-20263 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed Notice of Annual General Meeting along with other Reports for FY 2025-263 Sep 2026 · AGM/EGM / AGM
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manan Chetan Shah Family Trusst3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dina Chetan Shah3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Himani Ankur Shah Family Trust3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dina Chetan Shah3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Scrutinizer''s Report and Voting Results of Postal Ballot31 Aug 2026 · AGM/EGM / Postal Ballot
Proceedings of Postal Ballot31 Aug 2026 · AGM/EGM / Postal Ballot
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetan Shah31 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetan Shah28 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Outcome of Board Meeting27 Aug 2026 · Others / Outcome without intimation
Notice to the Member - Regarding Registration of Email Address, Bank Account Details and TDS Documents.27 Aug 2026 · Company Update / Newspaper Publication
Transcript of Earnings Call24 Aug 2026 · Company Update / Earnings Call Transcript
Audio Recording for Investor Call Q1 202719 Aug 2026 · Company Update / Analyst / Investor Meet
Earnings Conference Call Q1 FY202712 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation regarding Dissolution of Ashapura Holdings Fareast Pte. Ltd, Singapore, a stepdown Subsidiary of the Company12 Aug 2026 · Company Update / General
Newspaper Publication of unaudited financial result for the quarter ended 30th June, 2026.9 Aug 2026 · Company Update / Newspaper Publication
Press Release7 Aug 2026 · Company Update / Press Release / Media Release
Financial Results7 Aug 2026 · Result / Financial Results
Outcome of Board Meeting7 Aug 2026 · Board Meeting / Outcome of Board Meeting
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Albula Investment Fund Ltd6 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Albula Investment Fund Ltd6 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eriska Investment Fund Ltd6 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	22 Sep 2026	22 Sep 2026	—
Final Dividend - Rs. - 1.0000	17 Sep 2025	17 Sep 2025	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results