Ashapura Minechem Ltd
Ashapura Minechem Ltd (ASHAPURMIN)

Ashapura Minechem Ltd (ASHAPURMIN)

₹900.72%

Key Stats

₹89.35
Day's Price Range
₹93
₹85.7
52-Week Price Range
₹175.25
1 Month Return-14.91 %
3 Month Return-10.97 %
1 Year Return-27.21 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 101
13.66
EPS
Rank 170
₹6.53
BVPS
Rank 193
₹56.97
Dividend Yield
Rank 129
0.48%
ROE
Rank 455
Price To Book Ratio
Rank 91
1.56
Debt To Asset
Rank 34
0.8

Company Information

Ashapura Minechem Ltd the flagship company of the Ashapura group and well known as Indias largest mine owner and exporter of bentonite. They are the worlds 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.Ashapura Minechem Ltd was incorporated in the year 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. 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 19992000 the company had set up a R D Centre near Mumbai. This R D facility was considered among the worlds 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 200708 the companys 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 Indias largest Kaolin processing facility with the capacity of 180000 tonnes.
OrganisationAshapura Minechem Ltd
HeadquartersMumbai
IndustryMining & Mineral products