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Ashapura Minechem ASHAPURMIN.NS · INR

Materials · NSE · 🇮🇳 India

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408.85

-1.79%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹52.37bn

FY2017FY2026

Net income

₹4.01bn

FY2017FY2026

Free cash flow

₹1.50bn

FY2017FY2026

Shareholders' equity

₹16.49bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹52.37bn₹27.39bn₹26.20bn₹17.97bn₹12.78bn₹11.39bn₹3.17bn₹5.87bn₹7.81bn₹8.12bn
Research and development——₹62.9m₹62.1m₹53.4m₹52.1m₹42.1m₹50.1m₹50.1m₹32.6m
Operating income₹5.44bn₹3.84bn₹2.57bn₹1.92bn₹1.39bn₹1.25bn₹4.02bn−₹55.5m−₹340.6m₹120.5m
Net income₹4.01bn₹2.96bn₹2.87bn₹1.17bn₹865.2m₹874.8m₹3.88bn−₹3.31bn−₹451.6m−₹188.8m
Diluted earnings per share42.0230.9730.3612.119.4610.4043.36-38.07-5.19-2.18

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹46.98bn₹39.31bn₹33.11bn₹30.32bn₹24.24bn₹22.33bn₹18.20bn₹10.51bn₹12.86bn₹13.05bn
Cash and short-term investments₹3.29bn₹1.12bn₹1.45bn₹696.6m₹329.7m₹442.9m₹422.3m₹539.5m₹423.5m₹407.6m
Total liabilities₹30.53bn₹27.08bn₹23.93bn₹23.75bn₹19.03bn₹17.99bn₹14.74bn₹13.50bn₹13.33bn₹13.07bn
Debt₹14.44bn₹11.63bn₹9.84bn₹7.58bn₹6.39bn₹6.64bn₹4.43bn₹2.09bn₹1.85bn₹1.44bn
Shareholders' equity₹16.49bn₹12.42bn₹9.30bn₹6.65bn₹5.21bn₹4.34bn₹3.46bn−₹3.61bn−₹471.6m−₹23.4m
Shares outstanding96m96m95m97m91m84m89m87m87m87m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹4.30bn₹1.69bn₹1.48bn₹973.0m₹1.13bn−₹199.8m₹157.4m−₹2.17bn−₹179.2m₹722.5m
Capital spending−₹2.79bn−₹4.01bn−₹3.32bn−₹1.34bn−₹1.48bn−₹1.83bn−₹191.2m−₹94.9m−₹346.5m−₹489.2m
Free cash flow₹1.50bn−₹2.32bn−₹1.84bn−₹366.9m−₹355.8m−₹2.03bn−₹33.8m−₹2.27bn−₹525.7m₹233.3m
Dividends paid−₹94.3m−₹3,000−₹194,000−₹57.5m−₹45.1m−₹45.1m−₹44.6m−₹44.6m——

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹16.16bn₹19.69bn₹9.60bn₹9.53bn₹13.56bn₹5.55bn₹8.65bn₹6.04bn
Operating income₹1.45bn₹926.1m₹1.05bn₹985.4m₹1.50bn₹1.11bn₹1.22bn₹444.0m
Net income₹1.15bn₹1.11bn₹842.2m₹966.1m₹1.10bn₹864.9m₹1.05bn₹443.3m
Diluted earnings per share12.0811.598.8210.1111.509.0511.154.69
Cash from operations———₹2.22bn—₹1.88bn—−₹170.0m
Capital spending———−₹741.0m—−₹4.01bn—−₹1.70bn
Free cash flow———₹1.48bn—−₹2.12bn—−₹1.87bn
Total assets—₹46.98bn—₹41.52bn—₹39.31bn—₹38.11bn
Cash and short-term investments₹3.29bn₹3.29bn₹3.26bn₹5.43bn₹1.22bn₹1.22bn₹1.59bn₹1.59bn
Debt—₹14.44bn—₹12.26bn—₹11.64bn—₹11.67bn
Shareholders' equity₹16.45bn₹16.49bn₹14.20bn₹14.26bn₹12.23bn₹12.42bn₹10.46bn₹10.60bn

Financial ratios

Data as of 17 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin10.3%14.0%9.8%10.7%10.9%11.0%——
Net margin7.7%10.8%11.0%6.5%6.8%7.7%——
Return on equity24.3%23.8%30.9%17.6%16.6%20.1%——
Return on assets8.5%7.5%8.7%3.9%3.6%3.9%——
Free cash flow yield14.3%11.5%9.8%4.6%5.5%3.8%——
Revenue growth91.2%4.5%45.8%40.6%12.2%258.9%——
Earnings growth35.7%3.1%145.3%35.2%-1.1%-77.4%——
Current ratio1.36x1.23x1.19x1.26x1.14x1.16x——
Debt to equity0.88x0.94x1.06x1.21x1.22x1.53x——
Equity ratio35.1%31.6%28.1%21.9%21.5%19.4%——
Interest coverage4.59x4.32x3.69x2.99x2.41x2.09x——
R&D as a share of sales——0.2%0.3%0.4%0.5%1.3%0.9%
Buybacks as a share of market value0.0%-1.0%2.2%-5.7%-8.7%5.9%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue42.8%35.7%11.4%
Operating income41.5%34.1%10.6%
Net income50.8%35.6%9.5%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin11.6%11.1%11.1%11.6%
Net margin8.7%8.9%8.6%7.5%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings10.328.412.834.810.19.52.5-0.7-6.1-43.3
Price to sales0.83.11.42.30.70.73.10.40.31.0

Dividends and splits

Per share, in the currency the company pays

Paid for 1 years. Last went ex-dividend on 17 Sept 2025.

FY2026FY2023FY2022FY2009FY2008FY2007FY2006FY2005
Paid in the year1.000.500.501.601.500.750.400.30
  • 2-for-1 split · 18 Oct 2007
  • 10-for-2 split · 23 Mar 2006
  • 2-for-1 split · 1 Nov 1995

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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