Ashapura Minechem Ltd, established on 19th February 1982, is a prominent Indian company renowned for its expertise in multi-mineral solutions. Headquartered in Mumbai, India, the company has emerged as a global leader in the mining, manufacturing, and trading of a diverse range of minerals and their derivatives. Catering to industries ranging from soaps to steel, energy to edible oils, and cement to ceramics, Ashapura offers products such as bentonite, bauxite, kaolin, attapulgite, and bleaching clay. These minerals serve critical roles in applications like oil drilling, aluminum production, ceramics, and refining edible oils. With a vast operational network spanning India and seven other countries, including China, Indonesia, Malaysia, the UAE, and the US, Ashapura has significantly expanded its global footprint. The company is committed to sustainability, implementing eco-friendly mining practices, rehabilitating mined areas, and undertaking community development initiatives like rural healthcare and education. Guided by a vision to be a globally respected leader in the mineral solutions industry, Ashapura Minechem Ltd prioritizes innovation, customer satisfaction, and social responsibility while delivering high-quality products and services to diverse industries worldwide.
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
Promoters + | 45.33% | 45.39% | 45.39% | 47.70% | 47.70% |
FIIs + | 17.56% | 17.24% | 16.45% | 15.72% | 16.00% |
DIIs + | 0.18% | 0.48% | 0.45% | 0.13% | 0.14% |
Public + | 36.92% | 36.89% | 37.71% | 36.44% | 36.14% |
No. of Shareholders | 31,091 | 30,415 | 29,928 | 33,974 | 30,705 |
The shareholding pattern of Ashapura Minechem from December 2023 to December 2024 reveals significant trends in investor composition. Promoter holdings steadily increased from 45.33% in December 2023 to 47.70% by September 2024, reflecting strong confidence in the company. Foreign Institutional Investors (FIIs) saw a gradual decline from 17.56% in December 2023 to 15.72% in September 2024, with a slight recovery to 16.00% by December 2024. Meanwhile, Domestic Institutional Investors (DIIs), holding a minimal stake, fluctuated slightly, peaking at 0.48% in March 2024 and ending the year at 0.14%. Public shareholding varied, starting at 36.92% in December 2023, peaking at 37.71% in June 2024, and dropping to 36.14% by December 2024. The number of shareholders also showed movement, rising from 31,091 in December 2023 to 33,974 in September 2024, before settling at 30,705 by year-end. These shifts reflect evolving investor confidence and market dynamics surrounding Ashapura Minechem during this period.
Below are the trading platforms that you can use to purchase Ashapura Minechem shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
March 2025 | 483.99 | 372.30 |
April 2025 | 479.20 | 368.61 |
May 2025 | 465.24 | 357.88 |
June 2025 | 486.18 | 373.98 |
July 2025 | 476.64 | 366.65 |
August 2025 | 491.38 | 377.99 |
September 2025 | 497.28 | 382.52 |
October 2025 | 510.21 | 392.47 |
November 2025 | 522.97 | 402.28 |
December 2025 | 546.50 | 420.38 |
As we step into 2025, Ashapura Minechem’s share price is projected to reach a maximum of ₹483.99 and a minimum of ₹372.30 in March. Moving forward, the share price is expected to fluctuate, with highs of ₹546.50 and lows of ₹420.38 anticipated by December.
When | Maximum Price | Minimum Price |
January 2026 | 562.89 | 433.00 |
February 2026 | 548.82 | 422.17 |
March 2026 | 559.80 | 430.61 |
April 2026 | 571.22 | 439.40 |
May 2026 | 565.57 | 435.05 |
June 2026 | 579.71 | 445.93 |
July 2026 | 568.34 | 437.18 |
August 2026 | 585.92 | 450.71 |
September 2026 | 597.63 | 459.72 |
October 2026 | 613.17 | 471.67 |
November 2026 | 628.50 | 483.46 |
December 2026 | 644.22 | 495.55 |
As we move into 2026, Ashapura Minechem’s share price is expected to reach a maximum of ₹562.89 and a minimum of ₹433.00 in January. Progressing through the year, the share price is anticipated to exhibit upward momentum, with highs of ₹644.22 and lows of ₹495.55 projected by December.
When | Maximum Price | Minimum Price |
January 2027 | 650.66 | 500.51 |
February 2027 | 667.34 | 513.34 |
March 2027 | 693.37 | 533.36 |
April 2027 | 679.77 | 522.90 |
May 2027 | 659.97 | 507.67 |
June 2027 | 689.67 | 530.52 |
July 2027 | 676.15 | 520.11 |
August 2027 | 697.06 | 536.20 |
September 2027 | 721.46 | 554.97 |
October 2027 | 740.22 | 569.40 |
November 2027 | 758.72 | 583.63 |
December 2027 | 777.69 | 598.22 |
When | Maximum Price | Minimum Price |
January 2028 | 793.24 | 610.19 |
February 2028 | 813.58 | 625.83 |
March 2028 | 845.31 | 650.24 |
April 2028 | 828.74 | 637.49 |
May 2028 | 804.60 | 618.92 |
June 2028 | 840.81 | 646.77 |
July 2028 | 824.32 | 634.09 |
August 2028 | 849.81 | 653.70 |
September 2028 | 879.56 | 676.58 |
October 2028 | 902.43 | 694.17 |
November 2028 | 924.99 | 711.53 |
December 2028 | 948.11 | 729.32 |
When | Maximum Price | Minimum Price |
January 2029 | 967.07 | 743.90 |
February 2029 | 991.87 | 762.98 |
March 2029 | 1,030.55 | 792.73 |
April 2029 | 1,010.35 | 777.19 |
May 2029 | 980.92 | 754.55 |
June 2029 | 1,025.06 | 788.51 |
July 2029 | 1,004.96 | 773.05 |
August 2029 | 1,036.04 | 796.96 |
September 2029 | 1,072.30 | 824.85 |
October 2029 | 1,100.18 | 846.30 |
November 2029 | 1,127.69 | 867.45 |
December 2029 | 1,155.88 | 889.14 |
When | Maximum Price | Minimum Price |
January 2030 | 1,179.00 | 906.92 |
February 2030 | 1,209.23 | 930.18 |
March 2030 | 1,256.39 | 966.45 |
April 2030 | 1,231.75 | 947.50 |
May 2030 | 1,195.88 | 919.91 |
June 2030 | 1,249.69 | 961.30 |
July 2030 | 1,225.19 | 942.45 |
August 2030 | 1,263.08 | 971.60 |
September 2030 | 1,307.29 | 1,005.61 |
October 2030 | 1,341.28 | 1,031.75 |
November 2030 | 1,374.81 | 1,057.55 |
December 2030 | 1,409.18 | 1,083.98 |
As we progress into 2030, Ashapura Minechem’s share price is expected to attain a maximum of ₹1,179.00 and a minimum of ₹906.92 in January. Moving through the months, the share price is anticipated to show a consistent upward trend, culminating in a projected maximum of ₹1,409.18 and a minimum of ₹1,083.98 by December.
Financial Condition of Ashapura Minechem
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 334 | 1,148 | 1,278 | 1,831 | 2,654 | 2,624 |
Expenses + | 380 | 1,026 | 1,176 | 1,653 | 2,401 | 2,290 |
Operating Profit | -45 | 122 | 102 | 178 | 252 | 334 |
OPM % | -14% | 11% | 8% | 10% | 10% | 13% |
Other Income + | 487 | 93 | 112 | 102 | 211 | 78 |
Interest | 31 | 60 | 58 | 68 | 76 | 75 |
Depreciation | 28 | 45 | 58 | 73 | 79 | 70 |
Profit before tax | 382 | 110 | 98 | 139 | 309 | 267 |
Tax % | 0% | 21% | 12% | 21% | 9% | |
Net Profit + | 383 | 87 | 87 | 110 | 282 | 278 |
EPS in Rs | 44.57 | 10.06 | 9.46 | 12.79 | 31.37 | 29.68 |
Dividend Payout % | 0% | 5% | 5% | 0% | 0% |
The financial performance of Ashapura Minechem over the years reflects a trajectory of significant growth and operational improvements. From March 2020 to March 2024, the company’s sales have surged from ₹334 crore to ₹2,654 crore, showcasing strong revenue growth. Expenses have also increased, from ₹380 crore in March 2020 to ₹2,401 crore in March 2024, in line with the company’s expanding operations. Despite rising expenses, Ashapura Minechem has consistently improved its operating profit, which turned positive in March 2021 and reached ₹252 crore in March 2024, with the Operating Profit Margin (OPM) improving from -14% in March 2020 to 13% in the trailing twelve months (TTM).
The company’s profitability has also strengthened, with net profit increasing from ₹383 crore in March 2020 to ₹282 crore in March 2024. Earnings Per Share (EPS) reflect this trend, growing from ₹44.57 in March 2020 to ₹31.37 in March 2024, despite fluctuations. However, dividend payouts have remained minimal or absent, with the last recorded payout at 5% in March 2022. The improvement in operational efficiency and consistent profitability underscores Ashapura Minechem’s resilience and strategic focus in the minerals industry.
FAQs
What is the current market capitalization of Ashapura Minechem?
As of February 21st, 2025, the market cap is quite strong, standing at ₹3,757 Crores.
Ashapura Minechem shares are currently trading at ₹392 as of February 21st, 2025.
Looking ahead, the share price is expected to range between ₹357.88 to ₹546.50 by 2025.
The long-term outlook is optimistic, with a projected range of ₹1,083.98 to ₹1,409.18 by December 2030.
What is the current Price-to-Earnings (PE) ratio of Ashapura Minechem?
Currently, the stock’s PE ratio is at a reasonable 16.5.
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Conclusion
In conclusion, Ashapura Minechem Ltd has established itself as a global leader in multi-mineral solutions, demonstrating consistent growth and operational efficiency over the years. The company’s financial trajectory, with rising revenues and improved profitability, underscores its robust performance and strategic focus. Shareholding patterns reflect growing confidence from promoters, though fluctuations among FIIs and public holdings highlight market dynamics. With projections showing a steady upward trend in share prices from 2025 to 2030, Ashapura Minechem is well-positioned to maintain its leadership in the minerals industry, driven by innovation, sustainability, and global expansion.
What did we learn?
- 1 Shareholdings Patterns of Ashapura Minechem
- 2 How to Buy Ashapura Minechem Shares in India?
- 3 Ashapura Minechem Share Price Prediction: 2025 – 2030
- 4 Financial Condition of Ashapura Minechem
- 5 FAQs
- 5.1 What is the current market capitalization of Ashapura Minechem?
- 5.2 What is the current share price of Ashapura Minechem?
- 5.3 What is the share price target for Ashapura Minechem in 2025?
- 5.4 What is the share price target for Ashapura Minechem in 2030?
- 5.5 What is the current Price-to-Earnings (PE) ratio of Ashapura Minechem?
- 6 Conclusion