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 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -45% | 5% | 14% | 28% | 99% | 137% | 211% | 153% | 10% | 0% | -15% | |
| Debtor Days | 57 | 73 | 75 | 91 | 88 | 73 | 56 | 61 | 103 | 95 | 61 | 202 |
| Inventory Turnover | 1.52 | 1.20 | 1.18 | 1.37 | 0.59 | 1.04 | 1.40 | 1.70 | 1.13 | 1.37 | 1.49 | 0.98 |
Shareholding Pattern
Numbers in percentages
| Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 39.78 | 39.78 | 39.78 | 39.78 | 39.78 | 39.78 | 39.78 | 39.78 | 39.78 | 40.36 | 40.79 | 41.42 |
| FIIs + | 23.92 | 23.98 | 23.98 | 23.98 | 23.98 | 23.98 | 23.64 | 23.77 | 23.77 | 23.41 | 23.01 | 22.93 |
| DIIs + | 0.86 | 0.91 | 0.86 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 |
| Public + | 35.43 | 35.33 | 35.37 | 36.07 | 36.07 | 36.07 | 36.42 | 36.29 | 36.29 | 36.07 | 36.04 | 35.49 |
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 .
Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk.
He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.