Ashapura Minechem Limited, incorporated on February 19, 1982, is a leading player in the mining, manufacturing, and trading of various minerals and their derivative products. The company offers comprehensive multi-mineral solutions to a wide array of industries, including soaps, steel, energy, edible oils, metal, medicine, cement, and ceramics. With an extensive network of operations spanning across India and in seven other countries, Ashapura Minechem is a significant force in the global mineral sector.
As the flagship company of the Ashapura Group, it is renowned as India's largest mine owner and exporter of bentonite. Globally, it ranks as the sixth-largest producer of Bentonite and holds the position of the largest exporter of Bentonite and metallurgical-grade Bauxite from India. The company controls approximately 3,500 acres of Bentonite mines and 5,500 acres of Bauxite mines.
Ashapura Minechem operates as a complete multi-mineral solutions provider, offering a diverse range of products catering to numerous industrial applications. Its product portfolio includes Bentonite, Bauxite, Calcined China Clay, Ground Calcium Carbonate, and China Clay-Kaolin. These products find applications in industries such as aluminum metal manufacturing, cement production, iron ore pelletization, foundries, oil well drilling, paper, paints, edible oil purification, castable and hydraulic fracturing, and more.
The company's core activities involve mining, mineral processing, and logistics. The majority of its products are natural ores or additives that are integral components of end-products. Ashapura Minechem's comprehensive offerings encompass Industrial Functional Minerals, Advanced Refractory Materials, Hydrocarbon Exploration Solutions, Adsorbent Solutions, White Performance Minerals, Super Specialty Refined Mineral Products, and Building Materials and Chemicals.
Specifically, its bentonite products are utilized in drilling, metal casting, construction, and as pet litter. The company also provides activated bauxite for the purification of lubricant and transformer oils. Ashapura Minechem operates activation, milling, and processing plants at various locations across India.
Ashapura Minechem has cultivated a substantial international presence, extending its operations beyond India. The company holds interests in Antwerp, Azerbaijan, Brazil, Nigeria, and Malaysia. This global footprint allows it to serve diverse markets effectively and capitalize on international demand for industrial minerals.
The company's strategic standing as a major entity in the minerals industry is underpinned by its extensive mining assets and robust processing capabilities. Since its incorporation in 1984, its operations have consistently focused on the mining, processing, and exporting of industrial minerals and mineral-based products. Ashapura Minechem is recognized as one of India's largest exporters of bentonite, bauxite, and other minerals.
For the full financial year ending March 2025, Ashapura Minechem reported a net profit of ₹295.81 crore, marking a 3.07% increase from ₹287.00 crore in the previous year ended March 2024. Revenue for the same period rose by 3.21% to ₹2,738.93 crore, compared to ₹2,653.81 crore in the year ended March 2024.
In the quarter ended March 2025, Ashapura Minechem's net profit increased by 26.23% to ₹86.49 crore, up from ₹68.52 crore in the corresponding quarter of the previous year ended March 2024. Revenue for Q4 FY25 saw a significant rise of 26.17%, reaching ₹555.24 crore from ₹440.08 crore in Q4 FY24.
The company demonstrated strong growth in the quarter ended December 2024, with net profit surging by 87.08% to ₹105.42 crore, compared to ₹56.35 crore in the quarter ended December 2023. Sales for Q3 FY25 increased by 21.36% to ₹865.44 crore, from ₹713.10 crore in the same period last year.
* Revenue (FY25): ₹2,738.93 crores
* Net Profit (FY25): ₹295.81 crores
* Revenue (Q4 FY25): ₹555.24 crores
* Net Profit (Q4 FY25): ₹86.49 crores
As of July 2025, Ashapura Minechem Ltd has a market capitalization of ₹4,079.44 Crore. The stock's 52-week high stands at ₹571.55, while its 52-week low is ₹200.45. The company's P/E (price-to-earnings) ratio is 12.56, and its P/B (price-to-book) ratio is 4.05.
Ashapura Minechem Ltd (ASHAPURMIN) operates within the Materials sector, specifically in the Metals - Diversified sub-sector. The stock is traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the symbol ASHAPURMIN and BSE code 527001.
The Board of Directors of Ashapura Minechem announced on May 30, 2025, their recommendation for a final dividend of ₹1 per equity share (50%), subject to shareholder approval. This dividend declaration for FY 2024-25 underscores the company's commitment to enhancing shareholder value.
As of March 2025, company promoters held a significant 47.75% stake in Ashapura Minechem, with no shares pledged. This strong promoter holding reflects confidence in the company's long-term strategic direction and financial stability.
Over the past five years, Ashapura Minechem has exhibited exceptional revenue growth, with a yearly rate of 34.55%, significantly outperforming the industry average of 11.35%. This robust growth rate highlights the company's strong market position and operational efficiency.
The company has also seen a substantial increase in its market share, growing from 1.04% to 2.66% over the last five years. This more than doubling of market share demonstrates Ashapura Minechem's successful expansion and increased presence in the industrial minerals market.
Ashapura Minechem Ltd stands as a prominent player in India's mineral processing industry. Its diversified product portfolio, robust financial performance, and strategic global presence position it for continued growth and success in the expanding industrial minerals market.
