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Employees: 2,277
Size Ashapura Minechem (ASHAPURMIN.NS) is an India Materials company (Other Metals/Minerals) with a market value of $421M, the 919th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹416.30 on 6 Nov 2026.
Performance Over six months the shares fell 37.3%, against -38.6% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 62.6% over the last twelve months (peer median +20.6%); the operating margin is 7.6% (peer median 6.5%).
Valuation It trades at 0.7× enterprise value to sales against a peer median of 2.9× (2nd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +35%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (15.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹55.0B | ₹52.4B | ₹27.4B | ₹26.5B | ₹18.3B |
| Revenue growth | — | +91% | +3% | +45% | — |
| Gross profit | ₹38.4B | ₹34.7B | ₹17.2B | ₹17.1B | ₹9.54B |
| EBITDA | ₹5.54B | ₹5.59B | ₹3.73B | ₹2.49B | ₹1.76B |
| Net income | ₹4.07B | ₹4.01B | ₹2.96B | ₹2.87B | ₹1.17B |
| Free cash flow | n/a | ₹1.50B | -₹2.31B | -₹2.07B | -₹724M |
| Capital expenditure | n/a | ₹2.79B | ₹4.01B | ₹3.32B | ₹1.34B |
| Total debt | n/a | ₹14.4B | ₹11.6B | ₹9.84B | ₹7.58B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASHAPURMIN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.7% | -14.9% | 9th highest of 21 |
| 6-month return | -37.3% | -38.6% | 10th highest of 21 |
| Distance from 52-week high | -55.0% | -58.0% | 10th highest of 21 |
| Revenue growth (TTM) | +62.6% | +20.6% | 4th highest of 15 |
| Operating margin | 7.6% | 6.5% | 7th highest of 15 |
| EV / Sales | 0.7× | 2.9× | 2nd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 13.3% | 12.0% | 4th least demanding of 7 |
| Growth delivered (Del g) | +35.5% | +8.7% | 2nd highest of 6 |
| Hurdle (Req g minus delivered) | -22.1 pp | +1.3 pp | 2nd least demanding of 6 |
| ROIC minus cost of capital | +3.4 pp | -9.2 pp | 3rd highest of 20 |
| EV / EBITDA | 7.2× | 7.6× | 4th cheapest of 7 |
| Net debt / EBITDA | 2.0× | -0.5× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ashapura Minechem ASHAPURMIN.NS | India | $421M | -37% | +63% | 8% | 0.7× | 13.3% | +35.5% |
| United States Antimony UAMY | United States | $422M | -74% | +36% | -65% | 10.3× | n/a | n/a |
| NioCorp Developments NB | United States | $423M | -52% | n/a | n/a | n/a | n/a | n/a |
| Group 6 Metals G6M.AX | Australia | $424M | -9% | +508% | 50% | 4.5× | -9.7% | n/a |
| REalloys ALOY | United States | $427M | -38% | +21% | -4,460% | 107.6× | n/a | n/a |
| Magna Mining NICU.TO | Canada | $429M | -15% | +299% | -34% | 6.3× | n/a | n/a |
| Central Asia Metals CAML.L | United Kingdom | $430M | -17% | +23% | 39% | 1.2× | -9.5% | +6.9% |
| Chongqing Changjiang River Moulding Material (Group) 001296.SZ | China | $430M | -16% | -1% | 7% | 2.2× | 14.0% | +4.2% |
| PMET Resources PMET.TO | Canada | $431M | -56% | n/a | n/a | n/a | n/a | n/a |
| WA1 Resources WA1.AX | Australia | $410M | -51% | n/a | n/a | n/a | n/a | n/a |
| Shanghai Re.fine Environment Sci-tech 001396.SZ | China | $433M | -42% | +4% | 12% | 3.5× | 27.1% | +10.6% |
| Xiamen Zhongchuang Environmental Technology 300056.SZ | China | $434M | -32% | -12% | -41% | 7.9× | n/a | n/a |
| People & Technology 137400.KS | South Korea | $408M | -57% | -18% | 11% | 1.2× | n/a | n/a |
| Boss Energy BOE.AX | Australia | $403M | 0% | +100% | 8% | 3.5× | 18.7% | +99.8% |
| Regulus Resources REG.V | Canada | $402M | +15% | n/a | n/a | n/a | n/a | n/a |
| Aclara Resources ARA.TO | Canada | $402M | -50% | n/a | n/a | n/a | n/a | n/a |
| Intrepid Potash IPI | United States | $443M | -13% | +5% | 6% | 1.0× | 9.9% | +8.7% |
| Elevra Lithium ELV.AX | Australia | $445M | -74% | -8% | -34% | 1.8× | n/a | n/a |
| Anhui Zhongyuan New Materials 603527.SS | China | $396M | -36% | +59% | 0% | 0.3× | n/a | n/a |
| Trilogy Metals TMQ.TO | Canada | $391M | -50% | n/a | n/a | n/a | n/a | n/a |
| Xinjiang Xinxin Mining Industry 3833.HK | Hong Kong | $457M | -39% | +20% | 17% | 2.1× | n/a | n/a |