Ashapura Minechem Ltd

BSE: 527001 NSE: ASHAPURMIN
Ashapura Minechem Ltd - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L14108MH1982PLC026396 Incorporated 19 February 1982 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: ASHAPURMIN · BSE: 527001 Public Limited Company metals and minerals
Data last updated
Market Cap
₹4,089 Cr
ASHAPURMIN · NSE
Share Price
₹408.65
-4.54% today
Revenue
₹5,237 Cr
FY 2025-26 · +91.2% YoY
EBITDA
₹550 Cr
Margin 10.5%
Net Profit
₹406 Cr
FY 2025-26 · +37.6% YoY
P/E (TTM)
10.0x
P/B 2.5x
Authorised capital
₹90 Cr
Registered with MCA
Paid-up capital
₹19.11 Cr
Issued & subscribed

About Ashapura Minechem Ltd

Data last updated:

Ashapura Minechem Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 19 February 1982 and has been in existence for over 44 years.

Its director Chetan Navnitlal Shah and family are #1,028 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L14108MH1982PLC026396. Its GSTIN is 27AAACA0957F1ZY (Maharashtra). The company holds 8 GST registrations, of which 6 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 527001 and NSE: ASHAPURMIN.

The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹19.11 Cr. It was formerly known as Ashapura Minechem Pvt Ltd. It is led by directors including Hemul Ramesh Shah (Whole-Time Director) and Chetan Navnitlal Shah.

Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Jeevan Udyog Bldg. 3rd Floor 278 D. N. Rd Fort, Mumbai, Maharashtra, India – 400001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5,237.13 Cr, a growth of 91.2% compared to the previous year. For the same year it recorded a net profit of ₹405.69 Cr (net margin 7.7%) and EBITDA of ₹550.3 Cr (EBITDA margin 10.5%). The net worth stands at ₹1,649.3 Cr (up 32.8% YoY). Total assets are valued at ₹3,219.44 Cr (up 27.3% YoY).

The company has about 269 employees on its provident fund (EPFO) records. Its group structure includes 10 subsidiaries.

The company is associated with 1 brand: Ashapura. As per MCA filings, the company has open charges of ₹2,028.27 Cr and satisfied charges of ₹226.26 Cr on record. Court records list 458 cases involving the company, including 241 filed by the company and 217 filed against it; 50 cases are pending. The company has 27 deals on record (24 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹143.14 Cr; the latest was in February 2026. The company has 7 MSME Form 1 returns on record between 2016 and 2020, listing 66 overdue payments to 16 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashapura.com.

Company details

CIN L14108MH1982PLC026396
Registration Number 026396
Incorporation Date 19 February 1982
ROC Mumbai
Listing Status Listed - Listed on NSE (ASHAPURMIN); Listed on BSE (527001)
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Hemul Ramesh Shah Whole-Time Director Chetan Navnitlal Shah Director Himani Chetan Shah Director

Recognitions & Rankings of Ashapura Minechem

Contact details

Ashapura Minechem Ltd's registered office is in Mumbai, Maharashtra. Its website is ashapura.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ashapura.com
  • Social Media
  • Registered Address
    Jeevan Udyog Bldg. 3rd Floor 278 D. N. Rd Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Metals and Minerals, Other Metals & Minerals

To see the full contact details of Ashapura Minechem Ltd, buy the company report.

Comprehensive company report
Ashapura Minechem Ltd - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Ashapura Minechem operates one associated brand: Ashapura. Each brand links to its own profile.

BrandDescriptionWebsite
Ashapura
Multi-mineral solutions are provided to industrial sectors.ashapura.com

Business activity

The main business activities of Ashapura Minechem are trade, manufacturing and mining and quarrying. In detail, this covers wholesale trading, plastic products, non-metallic mineral products, rubber products, fabricated metal products and other mining & quarrying activities. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products
BMining and quarryingB4Other Mining & Quarrying Activities

To see the full business activity and turnover split of Ashapura Minechem Ltd, buy the company report.

Financials of Ashapura Minechem Ltd

FY 2025-26 filings available

Ashapura Minechem Ltd reported revenue of ₹5,237.13 Cr (up 91.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹5,237 Cr
+91.2% YoY
EBITDA
₹550 Cr
+45.9% YoY
Profit After Tax
₹406 Cr
+37.6% YoY
Net Worth
₹1,649 Cr
+32.8% YoY
Total Assets
₹3,219 Cr
+27.3% YoY
Total Debt
₹1,444 Cr
+24.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5,2372,7392,6541,8311,2781,148334
Revenue growth+91.2%+3.2%+45.0%+43.3%+11.3%+243.4%-
EBITDA550377249176102122(57.14)
EBITDA margin+10.5%+13.8%+9.4%+9.6%+8.0%+10.7%-17.1%
Profit before tax44530430913997.78110382
Net profit40629519911971.7067.72(73.36)
Net profit margin+7.8%+10.8%+7.5%+6.5%+5.6%+5.9%-21.9%
EPS (₹)42.0230.9731.3712.799.4610.0644.57
Balance sheet
Total assets3,2192,5282,0641,7241,4021,3681,118
Net worth1,6491,242930665521434346
Total debt1,4441,163984758639664441
Cash & bank32912214578.1932.9744.2946.56
Net working capital1,10963159451126526667.59
Cash flow
Cash from operations46318914897.30114(19.98)15.74
Cash from investing(271)(392)(274)(130)(62.94)(168)(156)
Cash from financing14.1817819179.59(60.41)182131
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,6161,9699609521,356555865604
Revenue growth (YoY)+19.2%+254.6%+11.0%+57.7%+89.8%---
Other income14.3287.9632.5711.9212.4456.0913.8110.20
EBITDA18112811013118284.4513564.07
EBITDA margin+11.2%+6.5%+11.4%+13.7%+13.4%+15.2%+15.5%+10.6%
Depreciation36.7235.4133.6532.1631.5029.3812.0719.68
Interest28.8733.8123.9529.2230.8929.6523.2819.02
Profit before tax13014784.7681.2213281.5111335.57
Tax21.7326.138.81(24.76)17.945.7811.87(7.05)
Net profit10812175.9510611475.7310142.62
EPS (₹)12.0711.598.8210.1111.509.0811.154.92
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue432372333223598421206
Revenue growth+16.3%+11.5%+49.6%-62.8%+41.9%+104.8%-
EBITDA13573.1285.98(7.61)7.9080.03(304)
EBITDA margin+31.2%+19.7%+25.8%-3.4%+1.3%+19.0%-147.7%
Profit before tax15271.68151(5.82)(15.65)65.88393
Net profit15684.5791.59(4.90)(15.99)36.52(64.59)
Net profit margin+36.2%+22.8%+27.5%-2.2%-2.7%+8.7%-31.4%
EPS (₹)16.198.8518.19(0.77)(1.71)6.4045.22
Balance sheet
Total assets629526401393339400404
Net worth45831320034.6036.5751.69(3.35)
Total debt55.8677.5044.7154.7868.4685.5893.18
Cash & bank57.7528.4421.3527.6212.9317.0421.72
Net working capital39929719417785.75161132
Cash flow
Cash from operations74.85(34.01)(12.88)38.1441.4940.13(0.98)
Cash from investing(4.80)(14.26)32.770.67(2.29)4.32(14.67)
Cash from financing(42.71)53.59(26.84)(27.17)(40.74)(51.35)14.88
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11111812187.0510612396.8574.32
Revenue growth (YoY)+4.4%-4.0%+25.2%+17.1%+36.5%---
Other income5.0216.215.2813.613.651.926.454.78
Total expenses77.4473.1094.7165.1364.5210577.5362.14
EBITDA33.1944.6926.5721.9241.5017.9019.3212.18
EBITDA margin+30.0%+37.9%+21.9%+25.2%+39.1%+14.6%+19.9%+16.4%
Depreciation2.422.452.442.542.452.252.172.16
Interest2.312.653.003.062.921.081.882.04
Profit before tax33.4855.8026.4129.9339.7816.4921.7212.76
Tax8.7014.697.22(34.62)9.98(3.84)(4.31)(1.44)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,6161,9699609521,356555865604
Revenue growth (YoY)+19.2%+254.6%+11.0%+57.7%+89.8%---
Other income14.3287.9632.5711.9212.4456.0913.8110.20
EBITDA18112811013118284.4513564.07
EBITDA margin+11.2%+6.5%+11.4%+13.7%+13.4%+15.2%+15.5%+10.6%
Depreciation36.7235.4133.6532.1631.5029.3812.0719.68
Interest28.8733.8123.9529.2230.8929.6523.2819.02
Profit before tax13014784.7681.2213281.5111335.57
Tax21.7326.138.81(24.76)17.945.7811.87(7.05)
Net profit10812175.9510611475.7310142.62
EPS (₹)12.0711.598.8210.1111.509.0811.154.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5,2372,7392,6541,8311,2781,148334
Revenue growth+91.2%+3.2%+45.0%+43.3%+11.3%+243.4%-
Other income14510121510411292.75499
Total expenses4,6872,3622,4051,6551,1761,026391
Employee cost0.0015712110395.6482.1738.42
EBITDA550377249176102122(57.14)
EBITDA margin+10.5%+13.8%+9.4%+9.6%+8.0%+10.7%-17.1%
Depreciation13377.9878.6372.5658.1344.9628.39
Interest11896.2375.9967.8757.8659.9631.14
Profit before tax44530430913997.78110382
Tax28.1115.3926.9729.7311.2622.66(1.03)
Net profit40629519911971.7067.72(73.36)
Net profit margin+7.8%+10.8%+7.5%+6.5%+5.6%+5.9%-21.9%
EPS (₹)42.0230.9731.3712.799.4610.0644.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.1119.1118.3018.3018.3017.4017.40
Reserves & surplus1,6301,223902637503413325
Shareholders' funds (net worth)1,6491,242930665521434346
Minority interest(4.46)(19.51)(12.77)(7.47)(0.20)(0.21)(0.21)
Secured loans905750830646570635135
Unsecured loans53941315411169.3529.13306
Total debt1,4441,163984758639664441
Total liabilities3,2192,5282,0641,7241,4021,3681,118
Assets
Gross block2,7032,2871,4391,3811,2671,2061,212
Net block1,4991,349577584539527544
Capital work in progress50.7755.4750426225420454.47
Investments371344321288268290274
Inventories585654520532414289224
Sundry debtors1,001547269490310288185
Cash & bank balances32912214578.1932.9744.2946.56
Loans & advances673629907737530510314
Total current assets2,5881,9521,8411,8371,2871,132770
Total current liabilities1,4791,3211,2471,3251,023866702
Net working capital1,10963159451126526667.59
Total assets3,2192,5282,0641,7241,4021,3681,118
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10913569.9926.3535.4440.7049.63
Net cash from operating activities46318914897.30114(19.98)15.74
Net cash from investing activities(271)(392)(274)(130)(62.94)(168)(156)
Net cash from financing activities14.1817819179.59(60.41)182131
Net change in cash206(25.27)64.6347.21(9.09)(5.26)(8.92)
Closing cash32912214578.1932.9744.2946.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+91.2%+3.2%+45.0%+43.3%+11.3%+243.4%-
EBITDA growth+45.9%+51.7%+41.2%+73.0%-16.8%+314.1%-
PBT growth+46.0%-1.4%+121.3%+42.6%-11.2%-71.2%+9998.0%
Net income growth+37.6%+48.0%+67.8%+65.6%+5.9%+192.3%-
Revenue CAGR (3Y)+42.0%+28.9%+32.2%+76.3%+27.2%+13.1%-26.2%
EBITDA CAGR (3Y)+46.2%+54.8%+26.7%----
Profitability & leverage
Net income margin+8.0%+10.6%+10.6%+6.0%+6.8%+7.6%+114.6%
Return on capital employed-+17.3%+14.9%+13.2%+10.0%+12.0%-9.9%
Return on net worth-+26.6%+24.3%+18.5%+15.0%+17.4%+1056.5%
Debt / equity-0.991.091.181.361.420.00
Long-term debt / equity-0.710.790.881.050.780.00
Interest cover28.2332.1544.6765.54132.5277.52-36.41
Efficiency & per share
Fixed asset turnover-1.471.881.381.030.950.39
Inventory turnover-4.665.053.873.644.471.74
Debtors turnover-6.717.004.584.274.852.31
EPS (₹)42.0230.9731.3712.799.4610.0644.57
Dividend per share (₹)2.002.000.000.000.500.500.00
Book value per share (₹)0.00130.02100.6071.6056.9749.5239.40
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11111812187.0510612396.8574.32
Revenue growth (YoY)+4.4%-4.0%+25.2%+17.1%+36.5%---
Other income5.0216.215.2813.613.651.926.454.78
Total expenses77.4473.1094.7165.1364.5210577.5362.14
EBITDA33.1944.6926.5721.9241.5017.9019.3212.18
EBITDA margin+30.0%+37.9%+21.9%+25.2%+39.1%+14.6%+19.9%+16.4%
Depreciation2.422.452.442.542.452.252.172.16
Interest2.312.653.003.062.921.081.882.04
Profit before tax33.4855.8026.4129.9339.7816.4921.7212.76
Tax8.7014.697.22(34.62)9.98(3.84)(4.31)(1.44)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue432372333223598421206
Revenue growth+16.3%+11.5%+49.6%-62.8%+41.9%+104.8%-
Other income38.7515.1689.9540.0126.4740.85732
Total expenses297298247230590341510
Employee cost0.0029.7529.9227.7725.1021.5024.31
EBITDA13573.1285.98(7.61)7.9080.03(304)
EBITDA margin+31.2%+19.7%+25.8%-3.4%+1.3%+19.0%-147.7%
Depreciation9.889.1710.2615.3819.5220.2320.92
Interest11.637.4314.6222.8430.5034.7713.88
Profit before tax15271.68151(5.82)(15.65)65.88393
Tax(2.73)(12.87)(15.41)1.190.0010.240.00
Net profit15684.5791.59(4.90)(15.99)36.52(64.59)
Net profit margin+36.2%+22.8%+27.5%-2.2%-2.7%+8.7%-31.4%
EPS (₹)16.198.8518.19(0.77)(1.71)6.4045.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.1119.1118.3018.3018.3017.4017.40
Reserves & surplus4392941726.6118.2730.70(24.34)
Shareholders' funds (net worth)45831320034.6036.5751.69(3.35)
Secured loans0.000.0027.4154.7868.4685.5893.18
Unsecured loans55.8677.5017.300.000.000.000.00
Total debt55.8677.5044.7154.7868.4685.5893.18
Total liabilities629526401393339400404
Assets
Gross block327323316326370367364
Net block111112114126148164181
Capital work in progress8.176.866.501.882.741.272.89
Investments39.5239.5239.5139.5139.5143.7744.10
Inventories87.4689.5592.21104115118107
Sundry debtors319246131117154214111
Cash & bank balances57.7528.4421.3527.6212.9317.0421.72
Loans & advances82.8111711012111194.6575.56
Total current assets547480354370393443315
Total current liabilities148183160193307282183
Net working capital39929719417785.75161132
Total assets629526401393339400404
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash19.1113.7920.759.1010.6417.5518.33
Net cash from operating activities74.85(34.01)(12.88)38.1441.4940.13(0.98)
Net cash from investing activities(4.80)(14.26)32.770.67(2.29)4.32(14.67)
Net cash from financing activities(42.71)53.59(26.84)(27.17)(40.74)(51.35)14.88
Net change in cash27.345.32(6.96)11.64(1.54)(6.90)(0.78)
Closing cash57.7528.4421.3527.6212.9317.0421.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+16.3%+11.5%+49.6%-62.8%+41.9%+104.8%-
EBITDA growth+84.2%-15.0%+1229.8%-196.3%-90.1%+126.3%-
PBT growth+111.9%-52.6%+9998.0%+62.8%--83.3%+9998.0%
Net income growth+85.0%-7.7%+1969.2%+69.4%-143.8%+156.5%-
Revenue CAGR (3Y)+24.7%-14.7%-7.5%+2.7%+21.0%+20.8%-4.4%
EBITDA CAGR (3Y)-+110.0%+2.4%-70.8%--+100.6%
Profitability & leverage
Net income margin+35.8%+22.8%+50.0%-3.2%-2.6%+13.2%+191.1%
Return on capital employed-+16.8%+22.4%0.0%0.0%+14.0%-38.5%
Return on net worth-+31.9%+72.9%0.0%0.0%+17.9%+65.4%
Debt / equity-0.240.421.731.753.700.00
Long-term debt / equity-0.000.070.831.243.130.00
Interest cover9.3211.6219.31-99.35-262.4858.14-4.27
Efficiency & per share
Fixed asset turnover-1.161.040.641.621.150.56
Inventory turnover-4.093.392.035.143.761.73
Debtors turnover-1.982.691.643.252.602.27
EPS (₹)16.198.8518.19(0.77)(1.71)6.4045.22
Dividend per share (₹)2.002.000.000.000.500.500.00
Book value per share (₹)0.0032.7520.762.724.005.53(0.80)

To see the full year-wise statements and ratios of Ashapura Minechem Ltd, buy the company report.

Board of directors of Ashapura Minechem Ltd

Ashapura Minechem has 7 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Chetan Navnitlal Shah
Also directs: Aseem Mineral LLP, Ashapura Infraport LLP, Minotech Resources LLP and 5 more
Director19 Feb 198244 Years 8 MonthsCurrent
Hemul Ramesh Shah
Also directs: Manico Resources Private Limited, Manico Minerals International Private Limited, Ashapura Industrial Finance Limited and 5 more
Whole-Time Director30 Dec 20205 Years 10 MonthsCurrent
Himani Chetan Shah
Also directs: Manico Minerals International Private Limited, Compound Growth Advisors LLP, Avighna Eco Solutions LLP
Director10 Feb 20206 Years 8 MonthsCurrent
Surekha Umesh SatheDirector30 May 20251 Years 5 MonthsCurrent
Dipak Kirchandbhai VoraDirector23 Jan 20251 Years 9 MonthsCurrent
Jagdish Bhoja Shetty
Also directs: Sna Corporate Solutions Private Limited
Director05 Feb 20260 Years 8 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Ashapura Minechem Ltd is audited by P A R K & CO. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
P A R K & CO.FY 2024116825W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 48.00%, foreign institutional investors hold 19.20%, domestic institutional investors hold 0.40% and retail and other public shareholders hold 32.40%.

Promoters: 48.00%DII (Domestic Institutional): 0.40%FII (Foreign Institutional): 19.20%Retail & Others: 32.40%
Sep 2026
QUARTER
48.00% Promoters
0.40% DII (Domestic Institutional)
19.20% FII (Foreign Institutional)
32.40% Retail & Others
Promoter holding - history
Now 48.00% · Sep 2026High 48.00% · Jun 2026Low 47.80% · Dec 2025
46%46.8%47.5%48.3%49%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 47.80%Mar 2026: 47.90%Jun 2026: 48.00%Sep 2026: 48.00%48.00%47.80%48.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters48.00%48.00%47.90%47.80%
Public52.00%52.00%52.10%52.20%

Charges & borrowings

Open charges
₹2,028.27 Cr
Satisfied charges
₹226.26 Cr
Breakdown by lending institutions
Bank of India & 10 Others₹1,600.00 Cr
Others₹214.18 Cr
Union Bank of India₹144.77 Cr
Edelweiss Asset Reconstruction Company Limited₹31.09 Cr
Hdfc Bank Limited₹25.00 Cr
Others₹13.23 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Nov 2022100660026Others₹5 CrOpen
28 Oct 2022100628487Others₹2.68 CrOpen
03 Jan 2018100151348Others₹206.5 CrOpen
08 Oct 201010252018Union Bank of India₹55.77 CrOpen
01 Sep 200910179789Hdfc Bank Limited₹25 CrOpen

To see the full charge records of Ashapura Minechem Ltd, buy the company report.

Total charge records: 31 View all charges

Deals & funding

Ashapura Minechem Ltd has 27 deals on record (24 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹143.14 Cr; the latest was in February 2026.

Total deals
27
Market trades
24
Funding round
1
Acquisition
1
Secondary share transfer
1
Disclosed funding
₹143.14 Cr

Deals on record (5 of 27)

WhenDealAmountParties
Nov 2025Market trade₹34.83 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Oct 2024Market trade₹23.37 CrBuyer: Srestha Finvest Limited
Seller: Srestha Finvest Limited , NVS Brokerage Private Limited
Apr 2023Acquisition₹21 CrBuyer: Orient Ceratech Limited
Seller: Ashapura Minechem Ltd
Dec 2020Secondary share transferUndisclosedBuyer: Ashapura Industrial Finance Limited
Nov 2017Market trade₹8.89 CrBuyer: Silver Stream Equities Private Limited
Seller: Silver Stream Equities Private Limited , an individual

To see the full deal history of Ashapura Minechem Ltd, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Ashapura Minechem Ltd has 7 MSME Form 1 returns on record between 2016 and 2020, listing 66 overdue payments to 16 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 16)

SupplierAmount dueDue sinceReported on
Jai Vardhman Khaniz Private Limited
an individual supplier
an individual supplier
Hawa Automation Enterprise
an individual supplier

To see the full MSME payment records of Ashapura Minechem Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Ashapura Minechem has 10 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

10
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Bombay Minerals LimitedU14100GJ1953PLC000699
Ashapura International LimitedU14108MH1989PLC054664
Ashapura Resources Private LimitedU14200MH2013PTC242002
Ashapura Claytech LimitedU26939MH1995PLC090484
Aeon Procare Private LimitedU26990MH2016PTC283627
Ashapura Aluminium LimitedU27203GJ2007PLC051421

To see the full group structure of Ashapura Minechem Ltd, buy the company report.

Employees & EPFO

Ashapura Minechem Ltd has a workforce of 269 employees on its EPFO records as of Apr 06, 2024, across 8 active EPFO establishments.

Employee count
269
Active EPFO establishments
8
Employee growth
-15.14%

GST

Ashapura Minechem has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
8
Active
6
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACA0957F1ZYMaharashtraActive01 Jul 2017
27AAACA0957F2ZXMaharashtraActive01 Sep 2017
24AAACA0957F1Z4GujaratActive01 Jul 2017
32AAACA0957F1Z7KeralaActive01 Jul 2017

To see the full GST registrations and return filing status of Ashapura Minechem Ltd, buy the company report.

Recent activity

Ashapura Minechem Ltd has 45 board changes on record since 1982: 27 appointments and 18 cessations. The latest: Jagdish Bhoja Shetty was appointed as Director on 05 Feb 2026.

Filing
Ashapura Minechem Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Jagdish Bhoja Shetty was appointed as Director.
Appointed
Wilson Mathais was appointed as Director.
AGM
Ashapura Minechem Ltd last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Ceased
Neeta Sunil Shah ceased to be Director.
Appointed
Surekha Umesh Sathe was appointed as Director.
Appointed
Dipak Kirchandbhai Vora was appointed as Director.
Charges
A charge registered on 08 Jan 2004 via Charge ID 101003852 with Export Import Bank Of India was fully satisfied on 20 Dec 2024.
Charges
A charge registered on 19 Jul 2003 via Charge ID 101004421 with Export Import Bank Of India was fully satisfied on 20 Dec 2024.
Charges
A charge registered on 17 Jul 2003 via Charge ID 101004277 with Export Import Bank Of India was fully satisfied on 20 Dec 2024.
Charges
A charge registered on 17 Mar 2003 via Charge ID 101001265 with Export-Import Bank Of India was fully satisfied on 20 Dec 2024.
Charges
A charge registered on 19 Nov 2002 via Charge ID 101003851 with Export Import Bank Of India was fully satisfied on 20 Dec 2024.

95 earlier events are in the company report.

News

Frequently asked questions

Ashapura Minechem is an active public limited company based in Mumbai, Maharashtra, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 19 February 1982 (44+ years old) and is registered under CIN L14108MH1982PLC026396. Listed on BSE: 527001 and NSE: ASHAPURMIN.

Ashapura Minechem reported revenue of ₹5,237.13 Cr for FY 2025-26 (up 91.2% YoY) based on consolidated financials.

Ashapura Minechem has 7 current directors:

The latest financial statements of Ashapura Minechem on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Ashapura Minechem is 27AAACA0957F1ZY, registered in Maharashtra. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACA0957F2ZX (Maharashtra), 24AAACA0957F1Z4 (Gujarat), 32AAACA0957F1Z7 (Kerala).

The CIN (Corporate Identification Number) of Ashapura Minechem is L14108MH1982PLC026396. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Ashapura Minechem is a listed company as per MCA records. Its shares are listed on both BSE (code: 527001) and NSE (symbol: ASHAPURMIN).

Ashapura Minechem has 458 court cases on record: 241 filed by the company and 217 filed against it. 50 are pending. Most are in the high courts.

Ashapura Minechem was incorporated on 19 February 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.

Ashapura Minechem has 27 deals on record (24 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹143.14 Cr; the latest was in February 2026.

Jagdish Bhoja Shetty was appointed as Director on 05 Feb 2026. Wilson Mathais was appointed as Director on 05 Feb 2026. Neeta Sunil Shah ceased to be Director on 12 Aug 2025. Ashapura Minechem has 45 board changes on record in total.