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Ashapura Minechem Ltd share Price Today

Company details

303.90
315.25
116.50
483.20
6M Return -1.73%
1Y Return 120.42%
Mkt Cap.(Cr) 2,858.48
Volume 1,07,378
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,07,378
NSE

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Mining company Ashapura Minechem announced Q3FY24 & 9MFY24 results:

Q3FY24 Financial Highlights

  • The company reported a total income of Rs 719 crore compared to Rs 555.06 crore in Q3FY23.
  • Profit before tax stood at Rs 54.02 crore.
  • The profit after tax increased by 86.67% to Rs 54.19 crore from Rs 29.03 crore in Q3FY23.

9MFY24 Financial Highlights

  • For 9MFY24, total income rose significantly by 95.59% to Rs 2,344.95 crore from Rs 1,198.89 crore during 9MFY23.
  • PBT increased to Rs 187.96 crore compared to Rs 79.50 crore in 9MFY23.
  • PAT for 9MFY24 saw a 206.41% surge to Rs 214.33 crore from Rs 69.94 crore in 9MFY23.

Business Updates

  • The company faced disruptions in bauxite exports due to countrywide fuel availability issues following an explosion in Guinea's main oil tanker terminal.
  • Apart from the bauxite export issues, other business verticals such as Bentonite, Bleaching Clay, Kolin, and Advanced Ceramic Materials performed well.
  • An extraordinary gain of Rs 55.77 crore will be recorded in Q4FY24 due to a One Time Settlement with Global Value Investments Pte Ltd. This stems from settling a liability of Rs 165.77 crore with a payment of Rs 110 crore.

 

Result PDF

View Other Company Results

Ashapura Minechem Ltd shares SWOT Analysis

Strengths (4)

  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (2)

  • Declining profits every quarter for the past 2 quarters
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (1)

  • RSI indicating price weakness
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Resistance and support

R1 317.2
R2 321.9
R3 328.5
Pivot

310.53

S1 305.8
S2 299.2
S3 294.5
EMA SMA
328.9
346.7
352.6
321.6
330.5
348.9
381.9
334.2
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NAKSHATRA GARMENTS PRIVATE LIMITED Bulk Purchase 2022-09-09 103.51 535577 NSE
ALBULA INVESTMENT FUND LTD Bulk Sell 2022-09-09 101.97 1450000 NSE
NAKSHATRA GARMENTS PRIVATE LIMITED Bulk Sell 2022-09-09 103.81 535577 NSE
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Name Category Shares
Chetan Navnitlal Shah PROMOTER 14.86%
Dina Chetan Shah PROMOTER 10.06%
Manan Chetan Shah PROMOTER 2.45%
Chaitali Nishit Salot PROMOTER 1.37%
Ashapura Industrial Finance Limited PROMOTER 16.21%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Ashapura Minechem Ltd Stocks COMPARISON

Financials( ₹ in Cr) Ashapura Minechem Ltd Coal India Ltd Vedanta Ltd NMDC Ltd Lloyds Metals & Energy Ltd
Price 312.45 449.40 410.70 255.40 682.30
% Change 0.79 1.33 4.07 0.95 2.79
Mcap ₹ Cr 2,858.48 2,76,953.00 1,52,665.65 74,847.68 34,473.48
Revenue TTM ₹ Cr 1,830.85 1,38,251.91 1,47,308.00 17,666.88 3,392.31
Net Profit TTM ₹ Cr 109.73 28,124.94 14,506.00 5,537.72 -288.54
PE TTM 12.75 7.40 47.71 12.98 27.70
1 Year Return 120.42 90.14 44.74 133.24 21.13
ROCE 0.00 29.53 19.89 28.47 0.00
ROE 0.00 56.03 22.74 22.69 0.00
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 655.01 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 40,292.52 -39,101.37
LAST 3M 97,195.39 -17,013.22
LAST 6M 1,60,138.47 60,752.59
LAST 12M 2,49,244.80 1,47,674.63

Ashapura Minechem Ltd Information

Stock PE (TTM)
12.75
Promoter Holding
45.39%
Book Value
87.8226
ROCE
0%
ROE
0%
Registered Address

Jeevan Udyog Bldg 3rd Floor, 278 D N Road Fort, Mumbai, Maharashtra, 400001

Tel : 91-22-66221700
Email : cosec:ashapura.com; info:ashapura.com
Website : http://www.ashapura.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 527001
NSE Code : ASHAPURMIN
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE348A01023

FAQ’s on Ashapura Minechem Ltd Shares

You can buy Ashapura Minechem Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ashapura Minechem Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 10, 2024 03:48 PM the closing price of Ashapura Minechem Ltd was Rs.312.45.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of May 10, 2024 03:48 PM, the market cap of Ashapura Minechem Ltd stood at Rs. 2,858.48.

The latest PE ratio of Ashapura Minechem Ltd as of May 10, 2024 03:48 PM is 12.75

The latest PB ratio of Ashapura Minechem Ltd as of May 10, 2024 03:48 PM is 0.28

The 52-week high of Ashapura Minechem Ltd share price is Rs. 483.20 while the 52-week low is Rs. 116.50

According to analyst recommendations, Ashapura Minechem Ltd Share has a "" rating for the long term.

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