| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,616 | 1,356 | +19.2% |
| EBITDA | 181 | 182 | −0.3% |
| EBITDA margin | 11.2% | 13.4% | −2.2 pts |
| Profit before tax | 123 | 125 | −1.6% |
| Net profit | 108 | 114 | −4.9% |
| EPS | ₹12.07 | ₹11.50 | +5.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,090 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 316 | 316 | 109 | 135 | 73.6 | ||
| −4.5 | −4.5 | −19.5 | −12.8 | −7.5 | ||
| 1,444 | 1,444 | 1,163 | 984 | 756 | ||
| 5,214 | — | — | — | — | ||
| 5,498 | 5,237 | 2,739 | 2,654 | 1,831 | ||
| — | +91.2% | +3.2% | +44.9% | — | ||
| 554 | 555 | 370 | 246 | 173 | ||
| 10.1% | 10.6% | 13.5% | 9.3% | 9.4% | ||
| 416 | 422 | 292 | 168 | 100 | ||
| 411 | 416 | 289 | 282 | 110 | ||
| 7.5% | 8.0% | 10.6% | 10.6% | 6.0% | ||
| ₹41.72 | ₹42.01 | ₹30.96 | ₹30.04 | ₹12.25 | ||
| — | +35.7% | +3.1% | +145.3% | — | ||
| — | 463 | 188 | 148 | 97.3 | ||
| — | −279 | −401 | −332 | −134 | ||
| 184 | 184 | −212 | −184 | −36.7 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,090.5 | |
| - Cash, Equiv & ST Investments | 73.6 | 134.6 | 109.3 | 315.8 | 315.8 | |
| + Minority Interest | -7.5 | -12.8 | -19.5 | -4.5 | -4.5 | |
| + Total Debt | 756.2 | 983.6 | 1,162.9 | 1,443.7 | 1,443.7 | |
| Enterprise Value | — | — | — | — | 5,214.0 | |
| Revenue | 1,830.8 | 2,653.8 | 2,738.9 | 5,237.1 | 5,497.7 | |
| Growth %, YoY | — | +44.9 | +3.2 | +91.2 | — | |
| EBITDA | 172.6 | 246.2 | 370.0 | 554.9 | 554.4 | |
| Margin % | 9.43 | 9.28 | 13.51 | 10.59 | 10.08 | |
| EBIT | 100.0 | 167.5 | 292.0 | 422.1 | 416.4 | |
| Net Income | 109.7 | 281.7 | 289.1 | 416.5 | 410.9 | |
| Margin % | 5.99 | 10.61 | 10.55 | 7.95 | 7.47 | |
| EPS, Adj (current shares) | 12.25 | 30.04 | 30.96 | 42.01 | 41.72 | |
| Growth %, YoY | — | +145.3 | +3.1 | +35.7 | — | |
| Cash from Operations | 97.3 | 148.1 | 188.4 | 462.9 | — | |
| Capital Expenditures | -134.0 | -331.9 | -400.7 | -279.3 | — | |
| Free Cash Flow | -36.7 | -183.8 | -212.3 | 183.5 | 183.5 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Ashapura Minechem (NSE: ASHAPURMIN) had a market capitalisation of ₹3,905 crore at the 30 October 2026 close (₹408.65 a share), a PE ratio of 9.8 on the last four quarters' profit and a price-to-book ratio of 2.37. In FY26 its consolidated net profit attributable to shareholders was ₹401 crore on revenue of ₹5,237 crore; in Q1 FY27 (April–June 2026) it was ₹115 crore, up 5.0% year on year. Its debt-to-equity ratio was 0.88 on 31 March 2026. Promoters held 48.09% of the shares on 30 September 2026.
Ashapura Minechem's PE ratio is 9.8 at the 30 October 2026 close (₹408.65 a share): a market capitalisation of ₹3,905 crore divided by consolidated net profit attributable to shareholders of ₹399 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹401 crore) it is 9.7.
Ashapura Minechem's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,649 crore on 31 March 2026, up 32.8% from ₹1,242 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,905 crore at the 30 October 2026 close.
Ashapura Minechem's book value per share was ₹172.61 on 31 March 2026: shareholders' equity of ₹1,649 crore divided by the 9.56 crore shares in issue, up 32.8% from ₹130.02 a year earlier. The share price at the 30 October 2026 close was ₹408.65.
Ashapura Minechem's price-to-book (PB) ratio is 2.37 at the 30 October 2026 close: a market capitalisation of ₹3,905 crore divided by shareholders' equity (book value) of ₹1,649 crore on 31 March 2026. That is a book value of ₹172.61 per share against a share price of ₹408.65.
In FY26, Ashapura Minechem's return on equity (ROE) was 27.8% and its return on capital employed (ROCE) was 16.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 27.2% and ROCE 14.6%.
Promoters held 48.09% of Ashapura Minechem on 30 September 2026, up 0.06 percentage points from 48.03% the previous quarter and up 0.30 percentage points from 47.79% a year earlier, according to the shareholding pattern filed with NSE.
Ashapura Minechem's market capitalisation was ₹3,905 crore at the 30 October 2026 close: 9.56 crore shares at ₹408.65 each.
No. Ashapura Minechem had borrowings of ₹1,444 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.88. Its cash and current investments were ₹329 crore, so its net debt was ₹1,114 crore.
In 2026, Ashapura Minechem has declared one dividend: ₹2 with record date 22 September 2026.
Ashapura Minechem's debt-to-equity ratio was 0.88 on 31 March 2026: borrowings of ₹1,444 crore against total equity of ₹1,645 crore. A year earlier, on 31 March 2025, it was 0.95.
Ashapura Minechem's dividend yield is 0.49% at the 30 October 2026 close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹408.65. They were ₹2 on 22 September 2026.
In FY26, Ashapura Minechem generated ₹463 crore of cash from operations and spent ₹279 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹184 crore. In FY25 it was −₹212 crore.
Ashapura Minechem's basic earnings per share (EPS) were ₹42.02 in FY26, against ₹31.46 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹42.59.
Ashapura Minechem's latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit attributable to shareholders ₹115 crore, up 5.0% from ₹110 crore in Q1 FY26; revenue from operations ₹1,616 crore, up 19.2% year on year.
Ashapura Minechem will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, Ashapura Minechem's shares were held by promoters 48.09%, foreign portfolio investors (FII/FPI) 19.19%, domestic institutions (DII) 0.30% (including mutual funds at 0.27%) and retail and other non-institutional investors 32.42%. Over the year, FII holding was up 1.18 percentage points from 18.01% and DII holding was down 0.05 percentage points from 0.35%.
In FY26 (April 2025–March 2026), Ashapura Minechem's consolidated net profit attributable to shareholders was ₹401 crore, up 35.7% from ₹296 crore in FY25, on revenue from operations of ₹5,237 crore (up 91.2%). Over three years, from FY23, net profit was up 243.1%.
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, Ashapura Minechem's PE ratio is 9.7, the lowest of the three: Indian Metals & Ferro Alloys 13.9 and Lloyds Enterprises 32.8, a peer average of 23.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Indian Metals & Ferro Alloys and Lloyds Enterprises: Ashapura Minechem's operating margin of 8.1% is the second highest of the three (Indian Metals & Ferro Alloys 18.6%, Lloyds Enterprises 5.3%; peer average 11.9%); its return on equity of 27.8% is the highest of the three (Indian Metals & Ferro Alloys 16.8%, Lloyds Enterprises 8.6%; peer average 12.7%); its revenue growth over three years of 42.0% a year is the second highest of the three (Indian Metals & Ferro Alloys 1.8% a year, Lloyds Enterprises 66.5% a year; peer average 34.2% a year).
In FY26, Ashapura Minechem earned net profit attributable to shareholders of ₹401 crore on revenue of ₹5,237 crore, against ₹424 crore on ₹2,826 crore for Indian Metals & Ferro Alloys. Ashapura Minechem's operating margin was 8.1% (Indian Metals & Ferro Alloys 18.6%) and its return on equity 27.8% (Indian Metals & Ferro Alloys 16.8%). At the 30 October 2026 close, Ashapura Minechem's market capitalisation was ₹3,905 crore against ₹5,888 crore for Indian Metals & Ferro Alloys, and its PE ratio on FY26 profit 9.7 against 13.9.
From Ashapura Minechem's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.