# Ashapura Minechem share price today (Ashapura Minechem Ltd, NSE: ASHAPURMIN)

> Ashapura Minechem share price today: ₹417.55 at the NSE close on 3 November 2026, down 37.2% in a year. Ashapura Minechem (NSE: ASHAPURMIN) is worth ₹3,986 crore, trades at a P/E of 9.7 and has closed between ₹409.00 and ₹901.00 over the past 52 weeks. > Ashapura Minechem Ltd's P/E is near the low end of its own history, higher than only 20% of past readings, and its quarterly results are still getting worse. ASHAPURMIN · Mining/Minerals · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ashapura-minechem-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹417.55 (−37.2% in a year)
- P/E: 9.7× (lower than 80% of the last 11 years)
- Revenue (Jun 2026): ₹1,616 Cr (+19.2% on a year ago)
- Profit (Jun 2026): ₹108 Cr (−5.3% on a year ago)
- Operating margin: 11.0% (−2.0 points on a year ago)
- ROCE: 21%, FY26
- Profit that came in as cash: 81%, last 3 years

The main question: yearly earnings per share moved +35.7% while the share price moved −37.2%. ## What is the Ashapura Minechem share price today? Ashapura Minechem Ltd's share price was ₹417.55 at the close on 3 November 2026. It has been falling for 6 weeks. That is 28.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹409 and ₹901, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 19 weeks running. Over the last 11 years the share price moved +434% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Ashapura Minechem this quarter? Three changes stood out: revenue up on a year earlier for 8 quarters in a row, promoters raised their stake for 5 quarters in a row and number of shareholders up 30% in a year. 1. Revenue up on a year earlier for 8 quarters in a row In the June 2026 quarter revenue was ₹1,616 crore, +19.2% on a year earlier. Why: Revenue rose because the Guinea bauxite business shipped more ore than a year earlier. Next results: check Guinea bauxite shipments against the stated export range. From the earnings call on 19 Aug 2026. 2. Promoters raised their stake for 5 quarters in a row From 47.8% to 48.1% of the company by the September 2026 quarter. 3. Number of shareholders up 30% in a year 46,820 shareholders in the September 2026 quarter, against 36,096 a year earlier. ## What are Ashapura Minechem's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Ashapura Minechem reported revenue of ₹1,616 crore, up 19.2% from ₹1,356 crore a year earlier, and a profit of ₹108 crore, down 5.3% from ₹114 crore. ### Ashapura Minechem results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,616 crore | ₹1,356 crore | +19.2% |
| Profit | ₹108 crore | ₹114 crore | −5.3% |
| Earnings per share | ₹12.07 | ₹11.50 | +5.0% |
| Operating margin | 11.0% | 13.0% | −2.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Ashapura Minechem's management discussed these results on a call held on 19 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Ashapura Minechem share price history? Ashapura Minechem closed at ₹417.55 on 3 November 2026, down 37.2% from ₹664.50 a year earlier (31 October 2025) and up 274.3% over five years. Its highest weekly close since March 2016 was ₹901.00 on 2 January 2026. ### Ashapura Minechem share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹419.95 | −0.6% |
| 1 month ago · 1 Oct 2026 | ₹489.95 | −14.8% |
| 6 months ago · 30 Apr 2026 | ₹631.30 | −33.9% |
| 1 year ago · 31 Oct 2025 | ₹664.50 | −37.2% |
| 3 years ago · 3 Nov 2023 | ₹302.25 | +38.1% |
| 5 years ago · 4 Nov 2021 | ₹111.55 | +274.3% |
| 10 years ago · 4 Nov 2016 | ₹66.10 | +531.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹78.20 | +434.0% |
| Highest weekly close since March 2016, also the 52-week high · 2 Jan 2026 | ₹901.00 | −53.7% |
| Lowest weekly close since March 2016 · 28 Jun 2019 | ₹17.00 | +2,356.2% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹409.00 | +2.1% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Ashapura Minechem? 3 Nov 2026: Ashapura Minechem closed at ₹417.55, down 0.6% on the week and down 14.8% on the month. 22 Sep 2026: ex-date for a dividend of ₹2 a share. ### Earlier

- 19 Aug 2026: Ashapura Minechem held its results call for April to June 2026. Management guided: Guinea bauxite exports: FY27 goal 10-12 million tons with 10% variance, implying a 9-11 million-ton working range; FY28 goal 15 million tons, corresponding to almost $1 billion or nearly ₹10,000 crore sales. - Results for April to June 2026: Revenue up 19.2% and profit down 5.3% on a year earlier. ## What dividend does Ashapura Minechem pay? Ashapura Minechem paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.48% at the ₹417.55 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 22 September 2026. ### Ashapura Minechem dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 22 Sep 2026 | ₹2 | Dividend | same day |
| 17 Sep 2025 | ₹1 | Dividend | same day |
| 21 Sep 2022 | ₹0.50 | Dividend | n/a |
| 21 Sep 2021 | ₹0.50 | Dividend | 22 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Ashapura Minechem Ltd paid out 7% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Ashapura Minechem management say on the latest results call? On the call for April to June 2026, held on 19 August 2026, Ashapura Minechem's management guided: Guinea bauxite exports: FY27 goal 10-12 million tons with 10% variance, implying a 9-11 million-ton working range; FY28 goal 15 million tons, corresponding to almost $1 billion or nearly ₹10,000 crore sales. > “Freight rates remain highly volatile. Given the current geopolitical environment, we expect this volatility to continue throughout 2027.”
> Chetan Shah, on the call for April to June 2026

### What management guided

- GSM new jetty expected operational by January to March 2027, lifting second-port capacity from 6 million tons to 10 million tons per annum and combined port capacity to approximately 23 million tons. - Guinea bauxite quota expected before year-end, potentially tightening supply, improving prices and reducing freight. - Q2 bauxite sales seasonally weakest, weighted to Q3/Q4; operating profit per ton around $5.5-$6 for the next 1-2 quarters. - Bauxite operating profit per ton expected to improve significantly around the end of next calendar year and move closer to $10 over the medium term. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/3100/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 19 August 2026.)

## What to watch in Ashapura Minechem's next results? When Ashapura Minechem reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Guinea bauxite shipments against the stated export range; check whether Q2 weakness is seasonal or reflects sustained vessel and freight constraints. - What to check (from the call)
- Guinea bauxite shipments against the stated export range; check whether Q2 weakness is seasonal or reflects sustained vessel and freight constraints. - Bauxite operating profit per ton near the current benchmark until freight or quota conditions improve; check whether logistics relief begins to lift profitability. - Guinea quota implementation before year-end; verify formal policy, supply impact and early realization or freight response. - India value-added customer trials converting into commercial sales and margin contribution across Bentonite, kaolin and premium applications. ## Which stock lists is Ashapura Minechem on? Ashapura Minechem is on 2 of our India lists: 52 week high & low and Copper & metal stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Copper & metal stocks Group on the list: Iron ore and other metal ores](https://www.sectoralpha.in/copper-stocks-india)

## Is Ashapura Minechem profitable? Ashapura Minechem Ltd earned ₹108 Cr of net profit in the Jun 2026 quarter, −5.3% on the same quarter a year earlier. Full-year FY26 profit was ₹416 Cr. Over 10 years profit has grown 9.9% a year on average. That is 6.7% of the quarter's revenue. The same quarter a year earlier earned ₹114 Cr. For the full year, FY26 profit was ₹416 Cr (+43.9% on the year before). Why profit moved: revenue changed +19.2% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +41.2% and revenue +85.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Ashapura Minechem make, and is it growing? Ashapura Minechem Ltd reported ₹1,616 Cr of revenue in the Jun 2026 quarter, +19.2% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 11.4% a year on average. The last full year, FY26, came in at ₹5,237 Cr. The last four reported quarters add to ₹5,497 Cr. FY26 revenue was ₹5,237 Cr, +91.2% on the year before. Recent pace: the last four quarters grew +85.6% on average, against 11.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +62.6%, against +50.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +19.5%, against +31.1% a year (rolling over). ## How much of every ₹100 of sales does Ashapura Minechem keep? Ashapura Minechem Ltd's operating margin was 11.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −14.0% and 22.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −2.2 percentage points on the year while gross margin changed +5.8 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Ashapura Minechem's profit turning into cash? Over the last 3 years, 81% of Ashapura Minechem Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹463 Cr of operating cash against ₹416 Cr of profit. After ₹279 Cr of spending on assets, ₹184 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 81% of profit came in as cash: the cash cycle got 23 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 3.4× depreciation over three years. The next section checks what that spending is building. ## Where does Ashapura Minechem's cash go? Ashapura Minechem Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −28 days in FY26, down from −5 days in FY21. It spent ₹994 Cr on assets over the last 3 years. Customers take 70 days to pay, and stock sits for 163 days on average. At FY26 sales of ₹5,237 Cr, each day of that cycle ties up about ₹14.3 Cr, so roughly −₹402 Cr is tied up in the business at any time. FY26: customers took 70 days to pay and stock sat for 163 days, about 5.4 months of sales sitting as stock, for a full cycle of −28 days, shorter than FY21's −5. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 163 days. Customers pay about 70 days after that. Suppliers are paid at 261 days. Together that makes the −28-day cycle. Spending on assets: ₹994 Cr over the last 3 years, against ₹290 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹51.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Ashapura Minechem's P/E ratio, and how does it compare with its own history? Ashapura Minechem Ltd's P/E is 9.7×, near the low end of its own history: it has been lower only 20% of the time. Its usual P/E (the middle reading) is 14.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹42.59. Why the multiple is where it is: over the past year earnings per share moved +35.7% while the price moved −37.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +30.2% a year; about +28.6% a year came from earnings growth and about +1.6 percentage points from the multiple (the market paying more); over 10 years the price moved +20.2% a year; about +18.1% a year came from earnings growth and about +2.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 16% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Ashapura Minechem business getting better or worse? Ashapura Minechem Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +43.9% at its peak to +19.5%, but the business is still expanding, with ROCE rising at 21.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Ashapura Minechem earn on its capital? Ashapura Minechem Ltd earned a ROCE of 21% in FY26. That is up from a low of −42% in FY19. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 7.9% net margin and 1.11× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.9% net margin × 1.11× asset turnover × 2.85× leverage (assets divided by equity) ≈ 25.0% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 16% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Ashapura Minechem have too much debt? Ashapura Minechem Ltd had ₹1,444 Cr of borrowings against ₹1,649 Cr of equity in FY26, so its debt is 0.88× its equity. Its operating profit is 5 times its interest bill. Over 5 years borrowings went from ₹664 Cr to ₹1,444 Cr. Over the last 3 of those years it spent ₹994 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 16% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Ashapura Minechem shareholding pattern? Foreign institutions raised their stake in Ashapura Minechem Ltd by 3.5 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 19.2% of the company. Promoters moved +0.4 points over the same period, to 48.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +3.5 points over 8 quarters, to 19.2%; Promoters: +0.4 points over 8 quarters, to 48.1%; Domestic institutions: +0.2 points over 8 quarters, to 0.3%. Why the owners changed: foreign institutions drove it (+3.5 points). They raised their stake step by step. ## How far is Ashapura Minechem from balance-sheet trouble? For Ashapura Minechem Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Ashapura Minechem rank in its industry? 57.7 out of 100, rank 4 of 14 in Mining/Minerals, with 63% of the evidence available. Ashapura Minechem Ltd scores 57.7 out of 100 against the 14 companies it is compared with in Mining/Minerals, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19.5 + 17 + 13.7 + 7.5 = 57.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ashapura Minechem compared with? Ashapura Minechem ranks 4 of 14 Mining/Minerals companies on the 4-Factor Sector Score, with 57.7 out of 100. 1. [South West Pinnacle Exploration Ltd](https://www.sectoralpha.in/stocks/south-west-pinnacle-exploration-ltd) SOUTHWEST · quiet · Most evidence points up · 96% evidence 67.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 39.2% · Profit 100% · Operating margin change 9.8 points · 88% evidence Capital efficiency 18.4/25 · ROCE 20.1% · Operating margin 24.2% · 100% evidence Valuation 14.8/20 · P/E 14.3× · PEG 1.26 · 100% evidence Relative strength 5.8/20 · Lead over its industry -2.8% · Lead over NIFTY 500 -12.5% · 1 year 11.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.5 + 18.4 + 14.8 + 5.8 = 67.5 · What this means: Earnings are strong; relative strength in its sector is -2.8% and the one-year return is 11.2%. 2. [Vedanta Ltd](https://www.sectoralpha.in/stocks/vedanta-ltd) VEDL · quiet · Most evidence points up · 82% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 45.7% · Profit 76% · Operating margin change 9 points · 95% evidence Capital efficiency 15.2/25 · ROCE 16.1% · Operating margin 38% · 76% evidence Valuation 9.1/20 · P/E 7× · PEG n/a · 50% evidence Relative strength 16.5/20 · Lead over its industry 8.2% · Lead over NIFTY 500 -2.8% · 1 year 33% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.5 + 15.2 + 9.1 + 16.5 = 67.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Coal India Ltd](https://www.sectoralpha.in/stocks/coal-india-ltd) COALINDIA · breaking out · Evidence leans up · 82% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Revenue 11.5% · Profit 7.8% · Operating margin change 1 points · 95% evidence Capital efficiency 20.0/25 · ROCE 35% · Operating margin 19% · 76% evidence Valuation 10.8/20 · P/E 7.2× · PEG n/a · 50% evidence Relative strength 16.6/20 · Lead over its industry 6.2% · Lead over NIFTY 500 -4.1% · 1 year 0.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12 + 20 + 10.8 + 16.6 = 59.4 · What this means: Relative strength against the index is -4.1%, and revenue and profit growth are weak. 4. Ashapura Minechem Ltd this page ASHAPURMIN · quiet · Evidence leans up · 63% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue 62.6% · Profit 19.5% · Operating margin change -2 points · 83% evidence Capital efficiency 17.0/25 · ROCE 20.9% · Operating margin 11% · 76% evidence Valuation 13.7/20 · P/E 9.5× · PEG n/a · 50% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -31.5% · 1 year -38.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 17 + 13.7 + 7.5 = 57.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Indian Metals & Ferro Alloys Ltd](https://www.sectoralpha.in/stocks/indian-metals-ferro-alloys-ltd) IMFA · quiet · Evidence leans up · 96% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 23.6% · Profit 46.6% · Operating margin change 9 points · 88% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 29% · 100% evidence Valuation 8.9/20 · P/E 11.2× · PEG 1.4 · 100% evidence Relative strength 4.5/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -13.9% · 1 year -9.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.5 + 16.1 + 8.9 + 4.5 = 54 · What this means: Earnings are strong; relative strength in its sector is -4.7% and the one-year return is -9.3%. 6. [Orissa Minerals Development Company Ltd](https://www.sectoralpha.in/stocks/orissa-minerals-development-company-ltd) ORISSAMINE · quiet · Too little evidence to rank firmly · 56% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 47.5% · Profit 100% · Operating margin change 26.9 points · 65% evidence Capital efficiency 10.8/25 · ROCE 9.6% · Operating margin 31.5% · 100% evidence Valuation 8.7/20 · P/E 571× · PEG n/a · 15% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -20.3% · 1 year -40.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 24.7 + 10.8 + 8.7 + 8.5 = 52.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [MOIL Ltd](https://www.sectoralpha.in/stocks/moil-ltd) MOIL · quiet · Evidence leans up · 96% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 4.9% · Profit 7.8% · Operating margin change 14 points · 88% evidence Capital efficiency 13.0/25 · ROCE 12.4% · Operating margin 37% · 100% evidence Valuation 15.8/20 · P/E 14.3× · PEG 0.68 · 100% evidence Relative strength 7.0/20 · Lead over its industry -15.8% · Lead over NIFTY 500 -23.6% · 1 year -41.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 13 + 15.8 + 7 = 51.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [KIOCL Ltd](https://www.sectoralpha.in/stocks/kiocl-ltd) KIOCL · basing · Too little evidence to rank firmly · 56% evidence 44.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 27.5% · Profit 100% · Operating margin change 29 points · 65% evidence Capital efficiency 2.9/25 · ROCE 1.4% · Operating margin -17% · 100% evidence Valuation 9.0/20 · P/E 507× · PEG n/a · 15% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.1% · 1 year -24.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.9 + 2.9 + 9 + 9.8 = 44.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [20 Microns Ltd](https://www.sectoralpha.in/stocks/20-microns-ltd) 20MICRONS · quiet · Evidence leans down · 85% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue 4.2% · Profit 4.8% · Operating margin change -2 points · 100% evidence Capital efficiency 16.9/25 · ROCE 17.3% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 8.9× · PEG 1.48 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -21.9% · 25% evidence · 8 of 12 weeks ahead Exact sum: 7.8 + 16.9 + 10.3 + 9.5 = 44.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Midwest Energy Ltd](https://www.sectoralpha.in/stocks/midwest-gold-ltd) quiet · Too little evidence to rank firmly · 56% evidence 40.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/43.75 · Revenue 100% · Profit -80% · Operating margin change 573.9 points · 83% evidence Capital efficiency 5.5/31.25 · ROCE 1.6% · Operating margin 18.8% · 95% evidence Valuation 10.6/25 · P/E 631× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.9 + 5.5 + 10.6 = 40 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [Gujarat Mineral Development Corporation Ltd](https://www.sectoralpha.in/stocks/gujarat-mineral-development-corporation-ltd) GMDCLTD · quiet · Evidence leans down · 100% evidence 38.6 out of 100 Growth Capital Valuation Relative
12. [Caliber Mining and Logistics Ltd](https://www.sectoralpha.in/stocks/caliber-mining-and-logistics-ltd) CMLL · Too little evidence to rank firmly · 34% evidence 54.2 out of 100 Growth Capital Valuation Relative
13. [Deccan Gold Mines Ltd](https://www.sectoralpha.in/stocks/deccan-gold-mines-ltd) DECNGOLD · losing its lead · Too little evidence to rank firmly · 42% evidence 52.2 out of 100 Growth Capital Valuation Relative
14. [Bharat Coking Coal Ltd](https://www.sectoralpha.in/stocks/bharat-coking-coal-ltd) BHARATCOAL · quiet · Too little evidence to rank firmly · 47% evidence 33.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Mining/Minerals](https://www.sectoralpha.in/sectors/mining-minerals), all 14 compared on one page. ## Which companies are close to Ashapura Minechem in size? Ashapura Minechem is the 8th largest of 14 Mining/Minerals companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Gujarat Mineral Development Corporation, Indian Metals & Ferro Alloys and MOIL. Just below it: Midwest Energy, Caliber Mining and Logistics and Deccan Gold Mines. ### Mining/Minerals companies close in size

1. [Gujarat Mineral Development Corporation Ltd](https://www.sectoralpha.in/stocks/gujarat-mineral-development-corporation-ltd) ₹13,090 crore
2. [Indian Metals & Ferro Alloys Ltd](https://www.sectoralpha.in/stocks/indian-metals-ferro-alloys-ltd) ₹5,887 crore
3. [MOIL Ltd](https://www.sectoralpha.in/stocks/moil-ltd) ₹4,355 crore
4. Ashapura Minechem Ltd ₹3,904 crore
5. [Midwest Energy Ltd](https://www.sectoralpha.in/stocks/midwest-gold-ltd) ₹3,539 crore
6. [Caliber Mining and Logistics Ltd](https://www.sectoralpha.in/stocks/caliber-mining-and-logistics-ltd) ₹3,459 crore
7. [Deccan Gold Mines Ltd](https://www.sectoralpha.in/stocks/deccan-gold-mines-ltd) ₹3,217 crore

[All 14 Mining/Minerals companies, largest first](https://www.sectoralpha.in/sectors/mining-minerals#all-companies)

### Companies close in size in other industries

1. [Electrosteel Castings Ltd](https://www.sectoralpha.in/stocks/electrosteel-castings-ltd) ₹3,929 crore · DI Pipes/Saw Pipes
2. [Asset Reconstruction Company (India) Ltd](https://www.sectoralpha.in/stocks/asset-reconstruction-company-indialtd) ₹3,905 crore
3. Ashapura Minechem Ltd ₹3,904 crore
4. [Intelligent Supply Chain Infrastructure Trust](https://www.sectoralpha.in/stocks/intelligent-supply-chain-infrastructure-trust) ₹3,901 crore
5. [WPIL Ltd](https://www.sectoralpha.in/stocks/wpil-ltd) ₹3,892 crore · Pumps

## What else do people ask about Ashapura Minechem? ### What is Ashapura Minechem's share price today? Ashapura Minechem Ltd's share price is ₹417.55, −37.2% over the past year. The whole company is worth ₹3,986 Cr on the market. In the last 52 weeks it traded between ₹409 to ₹901; today it is 2% of the way up from the low, 28.5% below its 200-day average (as of 3 November 2026). ### What were Ashapura Minechem's latest quarterly results? Ashapura Minechem Ltd reported revenue of ₹1,616 Cr and net profit of ₹108 Cr for the Jun 2026 quarter. Revenue rose 19.2% and profit fell 5.3% compared with a year earlier. Earnings per share were ₹12.07. The operating margin was 11.0%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Ashapura Minechem's market cap? Ashapura Minechem Ltd's market capitalisation is ₹3,986 Cr at a share price of ₹417.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ashapura Minechem performing? Ashapura Minechem Ltd's share price has been falling for 6 weeks. In its latest quarter, revenue rose 19.2% and profit fell 5.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 19 weeks running (as of 3 November 2026). ### Will Ashapura Minechem's share price go up? This page does not forecast Ashapura Minechem Ltd's share price. What it shows instead: the share price is ₹417.55, and it has been falling for 6 weeks. Its P/E of 9.7× is higher than 20% of its own last 11 years (as of 3 November 2026). ### Who owns Ashapura Minechem? Promoters own 48.1% of Ashapura Minechem Ltd, foreign institutions 19.2%, domestic institutions 0.3% and the public 32.4% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 3.5 percentage points over 8 quarters (as of 3 November 2026). ### Where is Ashapura Minechem in its business cycle? Ashapura Minechem Ltd's FY26 operating margin was 11.0%, against a 13-year range of −14.0% to 22.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ashapura Minechem story? The main question: yearly earnings per share moved +35.7% while the share price moved −37.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ashapura Minechem a stock worth studying right now? What the numbers show: Ashapura Minechem Ltd's P/E is near the low end of its own history, higher than only 20% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Ashapura Minechem share price forecast for 2026? What management itself guided: Guinea bauxite exports: FY27 goal 10-12 million tons with 10% variance, implying a 9-11 million-ton working range; FY28 goal 15 million tons, corresponding to almost $1 billion or nearly ₹10,000 crore sales. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

This is research, not advice. We’re not SEBI-registered.