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Earnings Call

Ashapura Minechem Earnings Call: Key Takeaways

Ashapura Minechem reported record FY26 results with 91% YoY revenue growth to ₹5,237 crores and EBITDA of ₹674 crores. Strategy focuses on expanding Guinea bauxite exports and value-added Indian mineral products.

Why this was an Alfa AlertNot a filter event. While growth was strong (91%), management did not state results beat their own prior guidance by 10% or more.
Highlights
Revenue growth91% YoY in FY26; 105% YoY in Q4 FY26.
MarginsTemporary Q4 margin compression due to freight/fuel; recovery expected post-Q1.
Demand visibilityStrong despite geopolitical unrest; secured good customers.
Management confidenceHigh; described FY26 as the 'best year' in company history.

Growth

FY26 consolidated revenue jumped 91% YoY; EBITDA rose from ₹445cr to ₹674cr; PBT grew from ₹305cr to ₹450cr.

Outlook

Targeting 10-12MT bauxite exports in FY27, aiming for 15-20MT medium-term; ₹150cr Indian capex for value-added products.

Risks

Geopolitical unrest impacting fuel and freight costs; Guinean bauxite export quotas; potential price corrections in bauxite markets.

Last quarter's promises, checked

Delivered

  • Guided 1.39MT Q3 volume → delivered 8MT FY26 (= BEAT)
  • Guided EBITDA margin improvement → delivered 14.9% Q3 vs 13.9% Q2 (= BEAT)
  • Guided Guinea revenue contribution ~76% → delivered 80% FY26 (= BEAT)

Partly delivered

  • Guided 15MT long-term volume target → delivered 8MT FY26 (= PARTIAL)

Missed

  • Guided Q3 volume expectations → delivered 'slightly below' due to monsoon (= MISS)
Source

Earnings Call filed with NSE, NSE: ASHAPURMIN. Summary written with AI assistance from the document.

Read the document ↗

Ashapura Minechem Ltd: key numbers

Share price
₹506.50
Market cap
₹4,838 Cr
Revenue (annual)
₹5,237 Cr
Net profit (annual)
₹401.4 Cr
P/E (TTM)
11.9×Sector 19.0×
Promoter holding
48.03%+0.00% QoQ
FII holding
19.22%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Ashapura Minechem Ltd

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18:27 IST NSE
Legal & Regulatory

Ashapura Minechem Legal & Regulatory

Ashapura Minechem received a penalty order of Rs. 0.06 Crore from the Geology and Mining Department for alleged violation of state mining transport rules.

Value
₹0.06 Cr
From
Geology and Mining Department
17:20 IST BSE
Promoter Buying (Off-Market)

Ashapura Minechem Promoter Buying (Off-Market)

Ashapura Minechem's promoter family trusts acquired shares via gift for succession planning. This off-market transfer is a family arrangement with no monetary consideration involved.

15:12 IST BSE
Capital Structure Change

Ashapura Minechem Capital Structure Change

Eriska Investment Fund Ltd increased its stake in Ashapura Minechem Ltd to 7.29% through market purchases. This disclosure confirms a substantial acquisition of equity shares.

18:57 IST NSE
Other Announcement

Ashapura Minechem Other Announcement

Ashapura Minechem Limited sent a letter to shareholders with unregistered email addresses, providing a web-link to access the Annual Report for FY 2025-26.

15:31 IST BSE
Promoter Buying (Off-Market)

Ashapura Minechem Promoter Buying (Off-Market)

Himani Ankur Shah Family Trust, a promoter group entity, acquired 66,96,379 shares of Ashapura Minechem via an off-market transaction for succession planning.

Promoter stake change
+7.01%
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Promoter Selling (Off-Market)

Ashapura Minechem Promoter Selling (Off-Market)

Dina Chetan Shah, a promoter of Ashapura Minechem Limited, disposed of 66,96,379 shares (7.01% stake) via an off-market transfer for succession planning.