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Ashapura Minechem Share Price

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NSEBSE

345.30-9.80 (-2.76%)

12:00 AM,12th Apr 2024

346.10-7.85 (-2.22%)

12:00 AM,12th Apr 2024

BSE : 527001

NSE : ASHAPURMIN

Sector : Metals & Mining

ISIN Code : INE348A01023

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Last Updated: Apr 12 2024 | 12:00 AM IST

Market Cap (₹ Cr)

3159

Turnover (₹ Cr)

0.29

Volume (Shares)

85339

Face Value

2

52-WK High

483.20

52-WK High Date

08 Dec 2023

52-WK Low

116.50

52-WK Low Date

06 Jun 2023

All Time High

483.20

All Time High Date

08 Dec 2023

All Time Low

5.88

All Time Low Date

03 Apr 2001

Ashapura Minechem Ltd

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 663690 Equity Shares of Rs. 10/- each. Before this acquisition it was holding 186285 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.

Ashapura Minechem Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3159

EPS - TTM (₹) [S]

9.60

P/E Ratio (X) [S]

36.70

Face Value (₹) 2
Latest Dividend (%)25.00
Latest Dividend Date 21 Sep 2022
Dividend Yield (%) -
Book Value Share (₹) [S]9.41
P/B Ratio (₹) [S]36.70
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Quant Commodities Fund - Regular (G) 7.98 212228 3.21
Quant Commodities Fund - Regular (IDCW) 7.98 212228 3.21
Quant Commodities Fund - Direct (G) 7.98 212228 3.21
Quant Commodities Fund - Direct (IDCW) 7.98 212228 3.21

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

344.00

355.95

Week Low/High

336.70

361.00

Month Low/High

302.90

394.00

Year Low/High

116.50

483.00

All time Low/High

5.50

483.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.06%-1.10%0.000.03%
1 Month2.43%2.05%0.780.82%
3 Month-17.50%-17.66%2.312.85%
6 Month7.32%7.32%11.8013.77%
1 Year172.53%171.89%22.9426.43%
3 Year199.48%198.83%55.0557.36%

Company Info

Company Information

Executive Chairman : Chetan Shah

President & Company Secretary : Sachin Polke

Non-Exec. & Independent Dir. : Abhilash Munsif

Non-Exec. & Independent Dir. : Harish N Motiwalla

Non-Exec. & Independent Dir. : Pundarik Sanyal

Non Executive Director : Himani Ankur Shah

Executive Director & CEO : Hemul Shah

Independent Director : Neeta Shah

Registered Office: Jeevan Udyog Bldg 3rd Floor, 278 D N Road Fort,Mumbai,Maharashtra-400001 Ph: 91-22-66221700

Email:cosec@ashapura.com; info@ashapura.com

URL:http://www.ashapura.com