Ashapura Minechem Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
26.92% Fall from 52W High
-12.8
TTM PE Ratio
Below industry Median
12.5
Price to Book Ratio
Above industry Median
4.9
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.1
RSI
RSI is mid-range
57
MFI
MFI Overbought
76.2

Ashapura Minechem Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Ashapura Minechem Ltd shareholding Pattern

Promoter
45.4%
Foreign Institutions
17.2%
Mutual Funds
0.4%
Domestic Institutions
0.5%
Public
36.9%
Promoter
45.3%
Foreign Institutions
17.6%
Mutual Funds
0.1%
Domestic Institutions
0.2%
Public
36.9%
Promoter
45.3%
Foreign Institutions
18%
Mutual Funds
0.1%
Domestic Institutions
0.2%
Public
36.4%
Promoter
45.3%
Foreign Institutions
17.1%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
37.4%
Promoter
45.3%
Foreign Institutions
17%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
37.5%
Promoter
45.2%
Foreign Institutions
16.4%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
38.3%

Ashapura Minechem Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
12
Bearish Moving Averages
4
5Day EMA
354.10
10Day EMA
349.80
12Day EMA
348.20
20Day EMA
344.10
26Day EMA
343.40
50Day EMA
347.60
100Day EMA
351.80
200Day EMA
324.60
5Day SMA
357.00
10Day SMA
352.20
20Day SMA
336.30
30Day SMA
336.10
50Day SMA
340.50
100Day SMA
372.50
150Day SMA
370.10
200Day SMA
345.00
Delivery & Volume
Resistance & Support
354.05
Pivot
Resistance
First Resistance
357
Second Resistance
360.90
Third Resistance
363.85
Support
First Support
350.15
Second support
347.20
Third Support
343.30
Relative Strength Index
57.03
Money Flow Index
76.18
MACD
4.80
MACD Signal
1.39
Average True Range
13.72
Average Directional Index
18.71
Rate of Change (21)
5.67
Rate of Change (125)
2.47
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
20 Microns Ltd.
583.11
89.9
200
The Orissa Minerals Development Company Ltd.
3424.65
2650
8342.35
Sandur Manganese & Iron Ores Ltd.
-
-
-
Deccan Gold Mines Ltd.
-
-
-
South West Pinnacle Exploration Ltd.
296.88
98.35
191.95
Tega Industries Ltd.
9842.93
798
1795.7

Ashapura Minechem Ltd Company background

Founded in: 1982
Ashapura Minechem Limited was incorporated as a Public Limited Company on 19th February, 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. The Company is engaged in the mining, manufacturing and trading of various minerals and its derivative products. Ashapura Minechem Ltd, the flagship company of the Ashapura Group is 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.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.In year 2009, the Company divested its entire shareholding from its 100% subsidiaries viz. Ashapura Industrial Finance Limited and Ashapura Logistics and Infrastructure Private Limited w.e.f. 24th March, 2009 and 4th May, 2009, respectively. It commenced operations of Kaolin Project in July, 2009.During the year 201718, the Company acquired the entire stake of Mineralco International Private Limited, now known as M/s. Ashapura Resources Private Limited thereby making as its whollyowned subsidiary. The Companys stepdown subsidiary M/s. Ashapura Holdings (UAE) FZE, United Arab Emirates incorporated a whollyowned subsidiary in Indonesia named PT Ashapura Bentoclay Fareast. The Company in venture with M/s. Dhofar Minerals LLC, Oman incorporated a Company in Oman named M/s. Ashapura Dhofar Resources LLC and owned 70% of the share capital of Ashapura Dhofar.During the year 201920, Ashapura Guinea Resources SARL Guinea, Ashapura Minex Resources SAU Guinea and Societe Guineenne des Mines de Fer Guinea became wholly owned overseas step down subsidiaries and FAKO Resources SARL Guinea became overseas step down subsidiary with 90% interest. Further, dated 28th February, 2020, Company regained the ownership and control of its two Wholly Owned Subsidiaries viz. Ashapura International Limited and Bombay Minerals Limited and one Joint Venture Company viz. Ashapura Perfoclay Limited, however, their shares continued to be under pledge with ASQ Connect Limited. Ashapura Maritime FZE UAE ceased to be Subsidiary of the Company w.e.f. 15th March, 2020. In year 202021, the Company acquired Equity Shares of M/s. Shantilal Multiport Infrastructure Private Limited by way of subscription to 6,63,690 Equity Shares of Rs. 10/ each. Before this acquisition, it was holding 1,86,285 shares of M/s. Shantilal Multiport Infrastructure Private Limited and Post this acquisition the percentage shareholding/ control of the Company increased to 50%, thereby making it an Associate Company.During the year 202122, Ashapura Midgulf NV and Ashapura Fareast SDN BHD became an overseas step down subsidiary of the Company. Further, Orient Advanced Material Pvt Ltd and Shantilal Multiport Infrastructure Private Limited became associate of the Company through direct and/ or indirect acquisition/transfer of shares by the Company/its subsidiary/associate Company.Further, Sohar Ashapura Chemicals LLC company ceased to be an overseas joint venture company during the year 2022.
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Ashapura Minechem Ltd FAQs

The past 1-year return of Ashapura Minechem Ltd [ASHAPURMIN] share was 174.49. The Ashapura Minechem Ltd [ASHAPURMIN] share hit a 1-year low of Rs. 116.4 and a 1-year high of Rs. 483.25.

The Mutual Fund Shareholding was 0.36% at the end of .

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