Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ashapura Minechem Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 535 | 696 | 1,018 | 554 | 713 | 440 | 714 | 604 | 865 | 555 | 1,356 | 952 | 960 |
| Expenses + | 477 | 637 | 908 | 524 | 655 | 392 | 627 | 540 | 731 | 471 | 1,174 | 822 | 846 |
| Operating Profit | 58 | 59 | 110 | 30 | 58 | 48 | 87 | 64 | 135 | 84 | 182 | 131 | 114 |
| OPM % | 11% | 8% | 11% | 6% | 8% | 11% | 12% | 11% | 16% | 15% | 13% | 14% | 12% |
| Other Income + | 20 | 22 | 31 | 32 | 39 | 59 | 4 | 10 | 20 | 56 | 12 | 12 | 28 |
| Interest | 20 | 19 | 20 | 12 | 22 | 16 | 17 | 19 | 23 | 30 | 31 | 29 | 24 |
| Depreciation | 18 | 19 | 18 | 19 | 20 | 21 | 17 | 20 | 12 | 29 | 32 | 32 | 34 |
| Profit before tax | 40 | 42 | 103 | 31 | 54 | 70 | 57 | 36 | 119 | 82 | 132 | 81 | 85 |
| Tax % | 28% | 27% | 6% | 12% | 15% | 13% | 8% | -20% | 10% | 7% | 14% | -30% | 10% |
| Net Profit + | 29 | 40 | 102 | 58 | 54 | 67 | 60 | 43 | 108 | 79 | 114 | 106 | 76 |
| EPS in Rs | 3.58 | 4.37 | 11.24 | 6.49 | 6.16 | 7.49 | 6.51 | 4.64 | 11.04 | 9.05 | 11.50 | 10.11 | 8.82 |
Financials of Ashapura Minechem Ltd
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,083 | 1,753 | 1,775 | 833 | 794 | 622 | 334 | 1,148 | 1,278 | 1,831 | 2,654 | 2,739 | 3,824 |
| Expenses + | 850 | 1,483 | 1,535 | 794 | 790 | 626 | 380 | 1,026 | 1,176 | 1,653 | 2,401 | 2,362 | 3,312 |
| Operating Profit | 234 | 270 | 240 | 39 | 4 | -4 | -45 | 122 | 102 | 178 | 252 | 377 | 511 |
| OPM % | 22% | 15% | 14% | 5% | 1% | -1% | -14% | 11% | 8% | 10% | 10% | 14% | 13% |
| Other Income + | 6 | -225 | 24 | 25 | 20 | -265 | 487 | 93 | 112 | 102 | 211 | 101 | 108 |
| Interest | 30 | 20 | 22 | 17 | 19 | 20 | 31 | 60 | 58 | 68 | 76 | 96 | 114 |
| Depreciation | 26 | 35 | 44 | 48 | 39 | 33 | 28 | 45 | 58 | 73 | 79 | 78 | 127 |
| Profit before tax | 184 | -9 | 198 | -1 | -33 | -322 | 382 | 110 | 98 | 139 | 309 | 304 | 379 |
| Tax % | 5% | 315% | 23% | 1,502% | 36% | 2% | -0% | 21% | 12% | 21% | 9% | 5% | |
| Net Profit + | 174 | -36 | 162 | -19 | -45 | -327 | 383 | 87 | 87 | 110 | 282 | 289 | 374 |
| EPS in Rs | 20.03 | -4.19 | 18.66 | -2.17 | -5.19 | -38.05 | 44.57 | 10.06 | 9.46 | 12.79 | 31.37 | 30.97 | 39.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 5% | 0% | 0% | 3% |
Financials of Ashapura Minechem Ltd
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 18 | 18 | 18 | 19 | 19 |
| Reserves | -117 | -162 | 2 | -20 | -65 | -378 | 329 | 417 | 503 | 646 | 912 | 1,223 | 1,407 |
| Borrowings + | 285 | 188 | 204 | 144 | 185 | 209 | 441 | 664 | 639 | 758 | 984 | 1,163 | 1,228 |
| Other Liabilities + | 788 | 1,092 | 1,207 | 1,163 | 1,148 | 1,203 | 1,033 | 1,135 | 1,264 | 1,609 | 1,397 | 1,526 | 1,498 |
| Total Liabilities | 973 | 1,136 | 1,430 | 1,305 | 1,286 | 1,051 | 1,820 | 2,233 | 2,424 | 3,032 | 3,311 | 3,931 | 4,152 |
| Fixed Assets + | 282 | 333 | 345 | 336 | 308 | 254 | 544 | 527 | 539 | 584 | 577 | 1,349 | 1,339 |
| CWIP | 36 | 29 | 110 | 5 | 21 | 9 | 54 | 204 | 254 | 262 | 504 | 55 | 72 |
| Investments | 61 | 63 | 146 | 243 | 267 | 180 | 274 | 290 | 268 | 288 | 321 | 344 | 363 |
| Other Assets + | 593 | 711 | 828 | 721 | 689 | 608 | 947 | 1,212 | 1,363 | 1,897 | 1,909 | 2,181 | 2,377 |
| Total Assets | 973 | 1,136 | 1,430 | 1,305 | 1,286 | 1,051 | 1,820 | 2,233 | 2,424 | 3,032 | 3,311 | 3,931 | 4,152 |
Financials of Ashapura Minechem Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 186 | 231 | 72 | -18 | -217 | 16 | -20 | 114 | 94 | 148 | 188 |
| Cash from Investing Activity + | 0 | -98 | -208 | -30 | -20 | 160 | -156 | -168 | -63 | -130 | -274 | -392 |
| Cash from Financing Activity + | 0 | -70 | -14 | -43 | 36 | 68 | 131 | 182 | -60 | 80 | 191 | 178 |
| Net Cash Flow | 0 | 18 | 9 | -1 | -2 | 11 | -9 | -5 | -9 | 44 | 65 | -25 |
| Free Cash Flow | 0 | 83 | 93 | 36 | -45 | -221 | -3 | -196 | -2 | -40 | -125 | -208 |
| CFO/OP | 0% | 78% | 108% | 282% | -97% | 4,688% | -39% | -5% | 127% | 63% | 76% | 61% |
Financials of Ashapura Minechem Ltd
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73 | 56 | 61 | 103 | 95 | 61 | 202 | 92 | 89 | 98 | 37 | 73 |
| Inventory Days | 431 | 287 | 269 | 329 | 285 | 226 | 532 | 364 | 453 | 447 | 390 | 506 |
| Days Payable | 222 | 267 | 258 | 265 | 187 | 168 | 328 | 461 | 387 | 475 | 415 | 477 |
| Cash Conversion Cycle | 282 | 76 | 72 | 166 | 193 | 120 | 406 | -5 | 154 | 70 | 12 | 103 |
| Working Capital Days | -163 | -125 | -118 | -266 | -214 | -405 | -32 | 35 | 35 | 56 | 21 | 36 |
| ROCE % | 135% | 211% | 153% | 10% | 0% | -42% | -14% | 16% | 12% | 16% | 17% | 19% |
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