Ashapura Minechem LtdNSE:ASHAPURMIN
Current view Q4 2026
Sales nearly doubled as its West Africa bauxite mine ramped up. But profit per tonne halved when bauxite prices crashed - strong volumes, yet earnings swing wildly with commodity prices.
Latest exchange filings last 5 · 5 after Q4 2026
- 4 Sep ’26Newspaper Publication- Notice of Annual General Meeting ↗
- 3 Sep ’2645th AGM on 29 Sep 2026; annual report FY2025-26 link sent to unregistered email holders. ↗
- 3 Sep ’2645th AGM on 29 Sep 2026; Rs2 final dividend proposed; Chetan Shah to join as Chief–Strategy & Planning. ↗
- 3 Sep ’2645th AGM on 29 Sep 2026; 100% dividend proposed; Chetan Shah to be Chief–Strategy & Planning. ↗
- 3 Sep ’2645th AGM on 29 Sep 2026; Rs.2 final dividend proposed; Chetan Shah appointed Chief–Strategy & Planning from 1 Oct 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +254.8% | +105.1% | +42.0% | +35.5% |
| Operating profit | ▲ +52.4% | +12.3% | +35.4% | +26.4% |
| EPS | ▲ +28.1% | +31.4% | +48.7% | +33.1% |
| PAT | ▲ +53.2% | +59.2% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is PAT at +53.2%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Good70/100
⚠ Your own view on this company is Negative. Read the note above first — this score reads the figures, and it has not read the concall.
Cheap, and growing fast. Profit per share grew 49% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹503 → ₹1,005 needs the P/E at 7.3× — it is 12× today, and has ranged 11× to 112× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 11× — inside its 5-year range, under the 45× median.
At ₹622 the price-tag on its earnings reaches the 15× it is being projected toward — the point where being cheap against that yardstick is used up.
De-rating while below every EMA — value-trap risk, not a coiled spring.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹4,911 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 48.7% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 28%.
How it compares with its rivals Mining & Minerals · 6 of 12 listed
It earns 21% on its capital, third of 6, and it is the fifth most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Ashapura Minech. | ₹525 | 12.2× | ₹5,015 Cr | 20.7% | +5.0% | +19.2% |
| Lloyds Metals | ₹1,822 | 21.5× | ₹1.03 L Cr | 27.3% | +169.1% | +208.6% |
| NMDC | ₹81 | 9.5× | ₹70,906 Cr | 27.6% | +0.4% | +0.8% |
| G M D C | ₹554 | 30.9× | ₹17,616 Cr | 10.8% | −0.2% | +23.8% |
| Gravita India | ₹1,587 | 29.8× | ₹11,717 Cr | 17.0% | +14.1% | +41.8% |
| MOIL | ₹244 | 16.3× | ₹4,956 Cr | 12.4% | +70.1% | +6.6% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | broadly flat | operating margin 11% → 11% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it, with some tied up | 88% last year, 75% over three · free cash flow ₹184 cr, positive in 1 of 5 years |
| Is the growth borrowed? | borrowed about as much as it owns | ₹1,444 cr — 0.88× its own equity (was 0.94×) |
| Is it being collected? | collection is steady | 70 days to collect, down 3 in a year · cash cycle −22 days |
| Who has been buying? | the promoters have held steady | promoters 48.0% (+0.3 in a year), 45.3% → 48.0% over 2.8 years · FIIs 19.2% (+2.8) · DIIs 0.4% (+0.1) · shareholders 27,466 → 47,193 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 20.7% · ROE 28.0% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
- Company has delivered good profit growth of 43.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Against it
- Tax rate seems low
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.