SMALL CAP COMPANY INTO MINING

SMALL CAP COMPANY INTO MINING

Stock Trading at 115.50 /-. Market Capitalization 1004 Cr ,P/E 2.44. Book Value 42.80 .Stock P/E 82.90.Listed in B Group in Bse India .Promotors Increased stake Recently .Listed in Both NSE INDIA & BSE INDIA .engaged in the mining, manufacturing and trading of various minerals and its derivative products.

It provide a wide range of multi-mineral solutions that touch billions of lives every moment, every day.

  • 15% market share in global Bauxite exports.
  • Worlds 3rd largest producer of Bentonite.
  • India’s 2nd largest producer of Kaolin.

Company Milestones :

1960

Ashapura’s first foray into Bentonite.

1982

Corporatisation of business.

1993

IPO & Listing of Ashapura Minechem Ltd.

1996

Ashapura’s foray into Bauxite.

2001

Ashapura inaugurates its Bleaching Clay Processing Complex Founding of the Ashapura Centre for Knowledge & Innovation.

2002

Acquisition of Bombay Minerals Ltd., expanding interests in the value added Bauxite chain.

2004

Ashapura pioneers the Clay Catalyst segment in India.

2005

Geosyntheic Clay Liners (GCL) plant commissioned.

2006

New global ventures in Belgium and in Malaysia.

2007

Strategic investments in port infrastructure at Bedi.

2010

New Initiatives in Indonesia to explore value added Minerals.

2012

Oman mineral processing complex established in JV with OOSC.

2013

Ashapura acquires 18% stake in Orient Abrasives Ltd.

2014

Ashapura Perfoclay Ltd. completes its 4 phase of expansion making it the largest single location Bleaching Clay Processing Complex in the world.

2014

Ashapura acquires further 20% stake in Orient Abrasives Ltd. though an open offer.

2015

Silica Sand processing plant commissioned Enhancement of Bio-green granulation and Attapulgite based Bleaching Clay capacity.

2016

Commissioning of White Performance Mineral processing complex at Kutch (Specialty Kaolin and Ground Calcium Carbonate)

2016

Established India’s first Proppants manufacturing set-up at Kutch.

2016

Setting up of a state-of-the art Geosyntheic Clay Liners plant at Kutch Enhancement of Pet Litter processing capabilities.

  • Worlds 3rd largest producer of Bentonite.
  • Worlds 3rd largest Bleaching Clay producer.
  • India’s largest producer of refactory material.
  • India’s largest producer of proppants.

Ashapura’s journey began in the 1960s with Bentonite, after which we have continued to add several niche minerals to our value mix. We enjoy global leadership on account of our ability to understand industrial minerals and offer customised solutions to our customers.

Ashapura is the largest producer of Bentonite in India and third largest in the world. It is also one of the worlds largest Bauxite exporters. It is our endeavor to constantly add new minerals catering to a wider section of industries and applications.

Our vast and versatile resource base is capable of measuring up to even the most challenging specifications; our comprehensive range of solutions from mining, processing to logistics makes us a unique enterprise.

Standing

  • 15% market share in global Bauxite exports
  • Worlds 3rd largest producer of Bentonite
  • India’s 2nd largest producer of Kaolin

Applications

  • Aluminium
  • Foundry
  • Cosmetics
  • Metal Ore Pellatization
  • Construction
  • Paper

With a legacy of more than 60 years, Ashapura is a leading multi-mineral solutions provider with a global footprint, having a wide network of operations in several states within India and in 7 other countries.

Our captive mineral resources, state-of-the-art manufacturing base, cutting edge research capabilities, logistical prowess and 2,800 dynamic, progressive, result oriented employees accord us global leadership in several segments. Our consistent quality and our ability to customise mineral solutions make us a preferred supplier to multi-nationals in more than 70 countries across the continents.

Ashapura means “Fulfilling Aspirations”; we believe that sustainable growth occurs only when we fulfill aspirations of all our stakeholders such as customers, employees, shareholders, the environment and the society as a whole.

Management

  • Smt. Geetha NerurkarExecutive Director, Ashapura International Ltd.
  • Shri Chetan MehraExecutive Director, Ashapura Perfoclay Ltd.
  • Shri Avijit MukherjeePresident, Marketing
  • Shri Sachin PolkeVice President, Company Secretary
  • Smt. Surekha SatheVice President, IT & Systems
  • Shri Akhilesh Kumar SinhaChief Human Resources & Administration

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %-45%5%14%28%99%137%211%153%10%0%-15%
Debtor Days57737591887356611039561202
Inventory Turnover1.521.201.181.370.591.041.401.701.131.371.490.98

Shareholding Pattern

Numbers in percentages

Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021
Promoters +39.7839.7839.7839.7839.7839.7839.7839.7839.7840.3640.7941.42
FIIs +23.9223.9823.9823.9823.9823.9823.6423.7723.7723.4123.0122.93
DIIs +0.860.910.860.160.160.160.160.160.160.160.160.15
Public +35.4335.3335.3736.0736.0736.0736.4236.2936.2936.0736.0435.49

ashapura.com 

Company Name : ASHAPURA MINECHEM LTD

Cmp : 115.50 (25.04.2021)

52 WEEKS HIGH/LOW :143/24.50(25.04.2021)

Target : 126 – 150++

Stoploss : 93/-.

Time Frame : 2 Months To 1 Year .

Based on Technical Analysis .

My View : Ashapura mine chem Ltd is Expecting to Break out above 130 can give New Highs in Coming Months . Take Stoploss at 93.If we Talk About Technical Every Time its Coming All time Low and Touching 100% Up . It Can become Good Multibaggar in Future also Buy at Low Price If Market .

STUDY PURPOSES ONLY .

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