Debut Plus

703.55

+3.22 +0.46%

17 Jul 2026

NSE Listed

Ashapura Minechem Ltd. (ASHAPURMIN)

Volume: 2,82,093Avg Vol 1W: 5,93,646.8Avg Vol 1M: 3,75,511.4552W Range:455.1924.9
Market Cap₹6,721 Cr
Current Price₹703.55
Previous Close₹700.33
High / Low (52w)₹924.9 / ₹455.1
Volume2,82,093
Avg Vol (1W)5,93,646.8
Avg Vol (1M)3,75,511.45
Stock P/E60.7
Book Value₹172.65
Dividend Yield28%
ROE24.34%
ROA8.86%
Revenue (TTM)₹2,814 Cr
Revenue Growth3.2%
Profit Margin7.66%
Total Debt₹729 Cr
Shares Outstanding10 Cr
Face Value₹2
EPS (TTM)₹42.47
P/B4.07
Debt / Equity0.99
50 DMA₹676.03
200 DMA₹662.13
Day change+0.46%
Price Chart
703.55 29.36% · 1Y
90246078.2L
2025-07-17
2026-07-16

20-day avg volume: 3.8L shares

Pros
  • Healthy return on equity of 24.3%.
  • Pays a dividend yield of 28.0%.
  • Company is almost debt-free.
  • Revenue grew 26% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 61.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹714 Cr₹604 Cr₹865 Cr₹555 Cr₹1,356 Cr₹953 Cr₹960 Cr₹1,969 Cr
EBITDA₹74 Cr₹46 Cr₹136 Cr₹111 Cr₹156 Cr₹100 Cr₹109 Cr₹175 Cr
Net Profit₹60 Cr₹44 Cr₹105 Cr₹86 Cr₹110 Cr₹97 Cr₹84 Cr₹111 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹802 Cr₹638 Cr₹350 Cr₹1,209 Cr₹1,373 Cr₹1,917 Cr₹2,716 Cr₹2,814 Cr
EBITDA₹-28 Cr₹-24 Cr₹-70 Cr₹131 Cr₹137 Cr₹186 Cr₹229 Cr₹367 Cr
Net Profit₹-45 Cr₹-331 Cr₹388 Cr₹87 Cr₹87 Cr₹117 Cr₹287 Cr₹296 Cr
EPS-5.19-38.0544.579.729.6512.7930.531.46
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1,286 Cr₹1,051 Cr₹1,820 Cr₹2,233 Cr₹2,424 Cr₹3,050 Cr₹3,311 Cr₹3,931 Cr
Total Liabilities₹1,333 Cr₹1,350 Cr₹1,474 Cr₹1,799 Cr₹1,903 Cr₹2,392 Cr₹2,393 Cr₹2,708 Cr
Equity₹-47 Cr₹-299 Cr₹346 Cr₹434 Cr₹521 Cr₹657 Cr₹917 Cr₹1,223 Cr
Total Debt
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-4 Cr₹-195 Cr₹18 Cr₹-6 Cr₹129 Cr₹116 Cr₹192 Cr₹228 Cr
Investing₹-20 Cr₹160 Cr₹-156 Cr₹-168 Cr₹-63 Cr₹-130 Cr₹-274 Cr₹-392 Cr
Financing₹36 Cr₹68 Cr₹131 Cr₹182 Cr₹-60 Cr₹80 Cr₹191 Cr₹178 Cr
Free Cash Flow₹-4 Cr₹-195 Cr₹18 Cr₹-6 Cr₹129 Cr₹116 Cr₹192 Cr₹228 Cr
Shareholding
Promoter 48.03% Institutions 19.84% Public 32.13%
Efficiency & Working Capital
ROCE17.6%
Interest Coverage4.2
Dividend Payout
Debtor Days73 d
Inventory Days87 d
Payable Days82 d
Cash Conversion Cycle78 d
Working Capital Days160 d
Shareholding Details

As of 2026-03-31

Promoter48%
FII19.5%
DII0.3%
Institutions19.8%
Public32.1%
Promoter Pledge0%
No. of Shareholders43,255
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Aug 2024Aug 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters45.3%45.4%45.4%47.7%47.7%47.7%47.7%47.8%47.8%47.8%47.9%48%
FIIs17.6%17.2%16.5%15.5%15.6%15.7%16%16.6%16.4%18%19.2%19.5%
DIIs0.1%0.5%0.4%0.4%0.4%0.1%0.1%0.4%0.3%0.4%0.4%0.3%
Public37%36.9%37.7%36.4%36.3%36.4%36.2%35.3%35.6%33.8%32.5%32.1%
Promoter Pledge30.7%30.7%30.7%28%28%14.8%14.8%0%0%0%0%0%
No. of Shareholders31,09130,41529,92831,32831,32833,97430,70532,28933,26736,09639,75743,255
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Ashapura Industrial Finance LimitedShareholding of Promoter and Promoter Group17.8%1.70 Cr
Dina Chetan ShahShareholding of Promoter and Promoter Group9.6%92,02,360
Chetan Navnitlal ShahShareholding of Promoter and Promoter Group6.9%66,27,767
Chaitali Nishit Salot Family TrustShareholding of Promoter and Promoter Group5.9%55,88,340
Eriska Investment Fund LtdPublic Shareholding4.6%44,17,345
Manan Chetan ShahShareholding of Promoter and Promoter Group4.4%41,57,135
Albula Investment Fund LtdPublic Shareholding4.1%38,94,934
Griffin Growth Fund VccPublic Shareholding3.6%34,67,750
Manan Chetan Shah Family TrustShareholding of Promoter and Promoter Group1.8%16,71,707
Chaitali Nishit SalotShareholding of Promoter and Promoter Group1.3%12,73,126
Himani Chetan ShahShareholding of Promoter and Promoter Group0.2%1,42,980
Late Navnital Ratanji ShahShareholding of Promoter and Promoter Group0.1%1,29,460
Ashapura Overseas Private LimitedShareholding of Promoter and Promoter Group0.1%1,25,000
Gurbarga Trading Co Pvt LtdShareholding of Promoter and Promoter Group0%2,520
Hemprabha Trading Co Pvt LtdShareholding of Promoter and Promoter Group0%2,520
Arana Designs Solutions LlpShareholding of Promoter and Promoter Group0%0
Avighna Eco Solutions LlpShareholding of Promoter and Promoter Group0%0
Indiamco Infrastructure And Real Estate Private LimitedShareholding of Promoter and Promoter Group0%0
Ahapura Infraport LlpShareholding of Promoter and Promoter Group0%0
Aseem Minerals LlpShareholding of Promoter and Promoter Group0%0
Minoraj Logistics LlpShareholding of Promoter and Promoter Group0%0
Saswan Minerals And Chemicals Pvt.ltd.Shareholding of Promoter and Promoter Group0%0
Manico Minerals International Private LimitedShareholding of Promoter and Promoter Group0%0
Mahagujarat Chamunda Cements Company Private LimitedShareholding of Promoter and Promoter Group0%0
Aeonx Digital Technology LtdShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Chetan Navnitlal Shah00%2026-03-31
Dina Chetan Shah00%2026-03-31
Manan Chetan Shah00%2026-03-31
Chaitali Nishit Salot00%2026-03-31
Himani Chetan Shah00%2026-03-31
Late Navnital Ratanji Shah00%2026-03-31
Fizzah N Shah00%2026-03-31
Ankur Hitendra Shah00%2026-03-31
Nishit Pradip Salot00%2026-03-31
Natasha Anil Doshi00%2026-03-31
Chaitali Nishit Salot Family Trust00%2026-03-31
Manan Chetan Shah Family Trust00%2026-03-31
Board of Directors
NameDesignationYear
Chetan ShahChairman & Exec. Director2025
Hemul ShahExecutive Director / Whole Time Director / CEO2025
Pundarik SanyalIndependent Non Exe. Director2025
Dipak VoraIndependent Non Exe. Director2025
Himani Ankur ShahNon-Exec & Non-Independent Dir2025
Surekha SatheIndependent Non Exe. Director2025
Sachin PolkeCS / CO / VP2025
Jagdish ShettyIndependent Director2025
Wilson MathaisIndependent Director2025
Segments — Product
SegmentRevenueShare
Minerals and its derivative product₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2601919
Corporate Actions
TypeDateValueRemark
dividend2025-09-17₹1 (50%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20255014142418670
2025170560073
2025000000
Insider / Designated-Person Trades

30 recent disclosure(s)

Ashapura Industrial Finance LimitedDisposal · 80,000
CHETAN NAVNITLAL SHAHAcquisition · 80,000
CHETAN NAVNITLAL SHAHDisposal · 72,60,047
Chaitali Nishit Salot Family TrustAcquisition · 55,88,340
Manan Chetan Shah Family TrustAcquisition · 16,71,707
CHETAN NAVNITLAL SHAHAcquisition · 85,000
Substantial Acquisitions (SAST)

25 disclosure(s)

Market27/03/2026 · 80,000
Market27/03/2026 · 80,000
Off Market24/02/2026 · 16,71,707
Off Market24/02/2026 · 72,60,047
Off Market24/02/2026 · 55,88,340
Market20/02/2026 · 85,000
Company Information
Incorporated1982
ChairmanChetan Shah
AuditorP A R K & Company
🌐 www.ashapura.com

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

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