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ASHAPURMIN (Ashapura) Stock Analysis
Buy, Hold or Sell?

Let's analyze Ashapura together

I guess you are interested in ASHAPURA MINECHEM LTD.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📊 Fundamental Analysis (FA) – Ashapura’s Financial Insights
  • 📈 Technical Analysis (TA) – Ashapura’s Price Targets

I'm going to help you getting a better view of ASHAPURA MINECHEM LTD.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Ashapura (30 sec.)










1.2. What can you expect buying and holding a share of Ashapura? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
85.7%

What is your share worth?

Current worth
INR127.98
Expected worth in 1 year
INR255.79
How sure are you?
85.7%

+ What do you gain per year?

Total Gains per Share
INR127.81
Return On Investment
28.8%

For what price can you sell your share?

Current Price per Share
INR443.20
Expected price per share
INR360.25 - INR571.00
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Ashapura (5 min.)




Live pricePrice per Share (EOD)
INR443.20
Intrinsic Value Per Share
INR-339.14 - INR-316.09
Total Value Per Share
INR-211.16 - INR-188.11

2.2. Growth of Ashapura (5 min.)




Is Ashapura growing?

Current yearPrevious yearGrowGrow %
How rich?$143m$107.3m$35.7m25.0%

How much money is Ashapura making?

Current yearPrevious yearGrowGrow %
Making money$34.6m$33.5m$1m3.0%
Net Profit Margin10.8%10.8%--

How much money comes from the company's main activities?

2.3. Financial Health of Ashapura (5 min.)




2.4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  


Richest
#148 / 810

Most Revenue
#73 / 810

Most Profit
#54 / 810
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Ashapura?

Welcome investor! Ashapura's management wants to use your money to grow the business. In return you get a share of Ashapura.

First you should know what it really means to hold a share of Ashapura. And how you can make/lose money.

Speculation

The Price per Share of Ashapura is INR443.20. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Ashapura.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ashapura, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR127.98. Based on the TTM, the Book Value Change Per Share is INR31.95 per quarter. Based on the YOY, the Book Value Change Per Share is INR27.22 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ashapura.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.360.1%0.360.1%0.350.1%0.290.1%0.210.0%0.160.0%
Usd Book Value Change Per Share0.370.1%0.370.1%0.320.1%0.290.1%0.210.0%0.210.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.370.1%0.370.1%0.320.1%0.290.1%0.220.0%0.220.0%
Usd Price Per Share4.20-4.20-4.39-3.30-2.52-1.88-
Price to Earnings Ratio11.60-11.60-12.50-11.08-11.73-8.34-
Price-to-Total Gains Ratio11.25-11.25-13.79-10.86-11.32-8.00-
Price to Book Ratio2.81-2.81-3.91-2.78-2.59-1.80-
Price-to-Total Gains Ratio11.25-11.25-13.79-10.86-11.32-8.00-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.18544
Number of shares192
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.370.21
Usd Total Gains Per Share0.370.22
Gains per Quarter (192 shares)71.7841.91
Gains per Year (192 shares)287.12167.66
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
102872773165158
205745646330326
308618518495494
401148113811660662
501436142514824830
601723171217989998
70201019991911541166
80229722862213191334
90258425732514841502
100287128602816491670

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.01.00.085.7%6.01.00.085.7%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.01.00.085.7%6.01.00.085.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.01.085.7%6.00.01.085.7%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.01.00.085.7%6.01.00.085.7%
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3.2. Key Performance Indicators

The key performance indicators of ASHAPURA MINECHEM LTD. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--31.95331.9530%27.222+17%24.478+31%18.349+74%18.282+75%
Book Value Per Share--127.976127.9760%96.023+33%97.600+31%78.558+63%56.819+125%
Current Ratio--1.2301.2300%1.194+3%1.2360%1.200+2%1.067+15%
Debt To Asset Ratio--0.6890.6890%0.723-5%0.732-6%0.757-9%0.843-18%
Debt To Equity Ratio--2.1802.1800%2.573-15%2.784-22%3.229-32%2.915-25%
Dividend Per Share--0.0000.0000%0.002-98%0.201-100%0.310-100%0.289-100%
Enterprise Value--7246861316.3007246861316.3000%11935859048.000-39%1984359603.833+265%-1794310975.780+125%-4566777044.071+163%
Eps--30.96730.9670%30.044+3%24.420+27%18.295+69%13.915+123%
Ev To Sales Ratio--0.2650.2650%0.450-41%-0.003+101%-0.253+196%-1.005+480%
Free Cash Flow Per Share---22.228-22.2280%-19.242-13%-15.103-32%-14.059-37%-13.486-39%
Free Cash Flow To Equity Per Share---22.228-22.2280%-19.242-13%-12.326-45%-9.837-56%-7.497-66%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---316.087----------
Intrinsic Value_10Y_min---339.137----------
Intrinsic Value_1Y_max---17.897----------
Intrinsic Value_1Y_min---20.067----------
Intrinsic Value_3Y_max---64.273----------
Intrinsic Value_3Y_min---72.705----------
Intrinsic Value_5Y_max---123.308----------
Intrinsic Value_5Y_min---138.540----------
Market Cap42337165747.200+19%34327303316.30034327303316.3000%35870049048.000-4%26963832937.167+27%20598292224.220+67%15376972241.643+123%
Net Profit Margin--0.1080.1080%0.1080%0.093+16%0.085+27%0.155-30%
Operating Margin----0%-0%0.023-100%0.044-100%0.007-100%
Operating Ratio--1.1221.1220%1.183-5%1.173-4%1.251-10%1.396-20%
Pb Ratio3.463+19%2.8082.8080%3.911-28%2.782+1%2.594+8%1.805+56%
Pe Ratio14.312+19%11.60411.6040%12.498-7%11.081+5%11.732-1%8.336+39%
Price Per Share443.200+19%359.350359.3500%375.500-4%282.267+27%215.630+67%160.971+123%
Price To Free Cash Flow Ratio-19.939-23%-16.167-16.1670%-19.515+21%-21.611+34%-20.774+28%-23.253+44%
Price To Total Gains Ratio13.870+19%11.24611.2460%13.793-18%10.858+4%11.323-1%8.002+41%
Quick Ratio--0.4280.4280%0.175+145%0.349+23%0.323+32%0.285+50%
Return On Assets--0.0750.0750%0.087-13%0.067+13%0.055+37%0.022+241%
Return On Equity--0.2380.2380%0.309-23%0.241-1%0.218+9%0.316-25%
Total Gains Per Share--31.95331.9530%27.224+17%24.679+29%18.659+71%18.571+72%
Usd Book Value--143033307.300143033307.3000%107320976.100+33%109083362.700+31%87800511.240+63%63504151.843+125%
Usd Book Value Change Per Share--0.3740.3740%0.319+17%0.286+31%0.215+74%0.214+75%
Usd Book Value Per Share--1.4971.4970%1.123+33%1.142+31%0.919+63%0.665+125%
Usd Dividend Per Share--0.0000.0000%0.000-98%0.002-100%0.004-100%0.003-100%
Usd Enterprise Value--84788277.40184788277.4010%139649550.862-39%23217007.365+265%-20993438.417+125%-53431291.416+163%
Usd Eps--0.3620.3620%0.352+3%0.286+27%0.214+69%0.163+123%
Usd Free Cash Flow---24843218.400-24843218.4000%-21505968.900-13%-16880479.200-32%-15713418.240-37%-15072705.514-39%
Usd Free Cash Flow Per Share---0.260-0.2600%-0.225-13%-0.177-32%-0.164-37%-0.158-39%
Usd Free Cash Flow To Equity Per Share---0.260-0.2600%-0.225-13%-0.144-45%-0.115-56%-0.088-66%
Usd Market Cap495344839.242+19%401629448.801401629448.8010%419679573.862-4%315476845.365+27%241000019.023+67%179910575.227+123%
Usd Price Per Share5.185+19%4.2044.2040%4.393-4%3.303+27%2.523+67%1.883+123%
Usd Profit--34610074.20034610074.2000%33579386.100+3%27293069.700+27%20447434.800+69%15552387.129+123%
Usd Revenue--320455289.700320455289.7000%310495325.400+3%281719959.300+14%224962566.660+42%175806600.171+82%
Usd Total Gains Per Share--0.3740.3740%0.319+17%0.289+29%0.218+71%0.217+72%
 EOD+5 -3MRQTTM+0 -0YOY+19 -183Y+24 -145Y+26 -1210Y+24 -14

3.3 Fundamental Score

Let's check the fundamental score of ASHAPURA MINECHEM LTD. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.312
Price to Book Ratio (EOD)Between0-13.463
Net Profit Margin (MRQ)Greater than00.108
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.428
Current Ratio (MRQ)Greater than11.230
Debt to Asset Ratio (MRQ)Less than10.689
Debt to Equity Ratio (MRQ)Less than12.180
Return on Equity (MRQ)Greater than0.150.238
Return on Assets (MRQ)Greater than0.050.075
Total6/10 (60.0%)

3.4 Technical Score

Let's check the technical score of ASHAPURA MINECHEM LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5069.025
Ma 20Greater thanMa 50407.720
Ma 50Greater thanMa 100386.687
Ma 100Greater thanMa 200383.119
OpenGreater thanClose429.100
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About ASHAPURA MINECHEM LTD.

Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally. The company offers bauxite, bentonite, kaolin, limestone, silica sand, and gypsum for application in aluminium, foundry, cosmetics, metal ore pellatization, construction, and paper sectors. It also offers fused alumina, alumina cement, castables, calcined bauxite, chamotte, mullite, and monolit for abrasives, refactories, foundries grinding, and road surfacing applications. In addition, the company provides ceramic and silica proppants, bentonite, barytes, and attapulgite for use in oil well drilling and hydraulic fracturing; acid activated bleaching clay, activated bauxite, clay catalysts, cat litter, and modified siliceous earth for application in bleaching edible oil, petroleum refining, water purification, pet care, and bleaching waste oils; ground calcium carbonate, calcined kaolin, white barytes, and talc for ceramics, glass, paper paints, plastics, and building products sectors; atta medigel, ashagel, and organoclay for use in sealants, plasters, polymers, aviation fuel enhancers, and pharmaceutical applications. Further, it offers ball clay, wall care, water proofing, adhesives, and admixture for application in ease of use/application, durability, and other aesthetics sectors. The company exports its products. Ashapura Minechem Limited was founded in 1960 and is based in Mumbai, India.

Fundamental data was last updated by Penke on 2025-06-21 17:01:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Ashapura earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Ashapura to the Other Industrial Metals & Mining industry mean.
  • A Net Profit Margin of 10.8% means that ₹0.11 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 10.8%. The company is making a huge profit. +2
  • The TTM is 10.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ10.8%TTM10.8%0.0%
TTM10.8%YOY10.8%0.0%
TTM10.8%5Y8.5%+2.3%
5Y8.5%10Y15.5%-7.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ10.8%-5.9%+16.7%
TTM10.8%-10.7%+21.5%
YOY10.8%-76.6%+87.4%
3Y9.3%-104.4%+113.7%
5Y8.5%-182.3%+190.8%
10Y15.5%-729.4%+744.9%
4.3.1.2. Return on Assets

Shows how efficient Ashapura is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ashapura to the Other Industrial Metals & Mining industry mean.
  • 7.5% Return on Assets means that Ashapura generated ₹0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 7.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 7.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.5%TTM7.5%0.0%
TTM7.5%YOY8.7%-1.1%
TTM7.5%5Y5.5%+2.0%
5Y5.5%10Y2.2%+3.3%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ7.5%-6.9%+14.4%
TTM7.5%-7.5%+15.0%
YOY8.7%-7.2%+15.9%
3Y6.7%-9.1%+15.8%
5Y5.5%-9.2%+14.7%
10Y2.2%-15.4%+17.6%
4.3.1.3. Return on Equity

Shows how efficient Ashapura is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ashapura to the Other Industrial Metals & Mining industry mean.
  • 23.8% Return on Equity means Ashapura generated ₹0.24 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 23.8%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 23.8%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ23.8%TTM23.8%0.0%
TTM23.8%YOY30.9%-7.0%
TTM23.8%5Y21.8%+2.0%
5Y21.8%10Y31.6%-9.8%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ23.8%-7.2%+31.0%
TTM23.8%-8.2%+32.0%
YOY30.9%-7.5%+38.4%
3Y24.1%-10.0%+34.1%
5Y21.8%-10.1%+31.9%
10Y31.6%-15.1%+46.7%
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4.3.2. Operating Efficiency of ASHAPURA MINECHEM LTD..

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Ashapura is operating .

  • Measures how much profit Ashapura makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Ashapura to the Other Industrial Metals & Mining industry mean.
  • An Operating Margin of 0.0% means the company generated ₹0.00  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y4.4%-4.4%
5Y4.4%10Y0.7%+3.7%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--286.5%+286.5%
TTM--153.4%+153.4%
YOY--84.5%+84.5%
3Y2.3%-159.6%+161.9%
5Y4.4%-190.4%+194.8%
10Y0.7%-673.9%+674.6%
4.3.2.2. Operating Ratio

Measures how efficient Ashapura is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • An Operation Ratio of 1.12 means that the operating costs are ₹1.12 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 1.122. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.122. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.122TTM1.1220.000
TTM1.122YOY1.183-0.061
TTM1.1225Y1.251-0.129
5Y1.25110Y1.396-0.145
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1221.873-0.751
TTM1.1221.868-0.746
YOY1.1832.015-0.832
3Y1.1732.556-1.383
5Y1.2513.872-2.621
10Y1.3968.907-7.511
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4.4.3. Liquidity of ASHAPURA MINECHEM LTD..

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Ashapura is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 1.23 means the company has ₹1.23 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 1.230. The company is just able to pay all its short-term debts.
  • The TTM is 1.230. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.230TTM1.2300.000
TTM1.230YOY1.194+0.036
TTM1.2305Y1.200+0.030
5Y1.20010Y1.067+0.133
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2301.792-0.562
TTM1.2301.921-0.691
YOY1.1942.514-1.320
3Y1.2363.121-1.885
5Y1.2003.937-2.737
10Y1.0674.516-3.449
4.4.3.2. Quick Ratio

Measures if Ashapura is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ashapura to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 0.43 means the company can pay off ₹0.43 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 0.428. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.428. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.428TTM0.4280.000
TTM0.428YOY0.175+0.254
TTM0.4285Y0.323+0.105
5Y0.32310Y0.285+0.038
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4280.735-0.307
TTM0.4280.775-0.347
YOY0.1751.602-1.427
3Y0.3491.866-1.517
5Y0.3232.387-2.064
10Y0.2853.252-2.967
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4.5.4. Solvency of ASHAPURA MINECHEM LTD..

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Ashapura assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ashapura to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.69 means that Ashapura assets are financed with 68.9% credit (debt) and the remaining percentage (100% - 68.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 0.689. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.689. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.689TTM0.6890.000
TTM0.689YOY0.723-0.034
TTM0.6895Y0.757-0.068
5Y0.75710Y0.843-0.085
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6890.205+0.484
TTM0.6890.207+0.482
YOY0.7230.183+0.540
3Y0.7320.199+0.533
5Y0.7570.227+0.530
10Y0.8430.263+0.580
4.5.4.2. Debt to Equity Ratio

Measures if Ashapura is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ashapura to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 218.0% means that company has ₹2.18 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ASHAPURA MINECHEM LTD.:

  • The MRQ is 2.180. The company is just not able to pay all its debts with equity.
  • The TTM is 2.180. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.180TTM2.1800.000
TTM2.180YOY2.573-0.393
TTM2.1805Y3.229-1.049
5Y3.22910Y2.915+0.315
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1800.189+1.991
TTM2.1800.194+1.986
YOY2.5730.195+2.378
3Y2.7840.208+2.576
5Y3.2290.218+3.011
10Y2.9150.279+2.636
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Ashapura generates.

  • Above 15 is considered overpriced but always compare Ashapura to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of 11.60 means the investor is paying ₹11.60 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ASHAPURA MINECHEM LTD.:

  • The EOD is 14.312. Based on the earnings, the company is underpriced. +1
  • The MRQ is 11.604. Based on the earnings, the company is underpriced. +1
  • The TTM is 11.604. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.312MRQ11.604+2.708
MRQ11.604TTM11.6040.000
TTM11.604YOY12.498-0.894
TTM11.6045Y11.732-0.127
5Y11.73210Y8.336+3.396
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD14.312-3.827+18.139
MRQ11.604-4.703+16.307
TTM11.604-4.840+16.444
YOY12.498-7.390+19.888
3Y11.081-8.148+19.229
5Y11.732-10.425+22.157
10Y8.336-11.598+19.934
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of ASHAPURA MINECHEM LTD.:

  • The EOD is -19.939. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -16.167. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -16.167. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-19.939MRQ-16.167-3.772
MRQ-16.167TTM-16.1670.000
TTM-16.167YOY-19.515+3.348
TTM-16.1675Y-20.774+4.607
5Y-20.77410Y-23.253+2.479
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-19.939-5.375-14.564
MRQ-16.167-5.722-10.445
TTM-16.167-5.731-10.436
YOY-19.515-6.905-12.610
3Y-21.611-8.600-13.011
5Y-20.774-11.862-8.912
10Y-23.253-14.598-8.655
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Ashapura is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of 2.81 means the investor is paying ₹2.81 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of ASHAPURA MINECHEM LTD.:

  • The EOD is 3.463. Based on the equity, the company is fair priced.
  • The MRQ is 2.808. Based on the equity, the company is underpriced. +1
  • The TTM is 2.808. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.463MRQ2.808+0.655
MRQ2.808TTM2.8080.000
TTM2.808YOY3.911-1.103
TTM2.8085Y2.594+0.214
5Y2.59410Y1.805+0.789
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD3.4631.224+2.239
MRQ2.8081.305+1.503
TTM2.8081.353+1.455
YOY3.9111.862+2.049
3Y2.7822.016+0.766
5Y2.5942.611-0.017
10Y1.8052.944-1.139
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets39,305,511
Total Liabilities27,080,442
Total Stockholder Equity12,420,207
 As reported
Total Liabilities 27,080,442
Total Stockholder Equity+ 12,420,207
Total Assets = 39,305,511

Assets

Total Assets39,305,511
Total Current Assets21,005,029
Long-term Assets18,300,482
Total Current Assets
Cash And Cash Equivalents 1,093,466
Short-term Investments 1,838,637
Net Receivables 5,474,547
Inventory 6,543,302
Other Current Assets 5,018,873
Total Current Assets  (as reported)21,005,029
Total Current Assets  (calculated)19,968,825
+/- 1,036,204
Long-term Assets
Property Plant Equipment 12,377,594
Goodwill 474,394
Intangible Assets 1,172,722
Long-term Assets Other 25,017
Long-term Assets  (as reported)18,300,482
Long-term Assets  (calculated)14,049,727
+/- 4,250,755

Liabilities & Shareholders' Equity

Total Current Liabilities17,076,127
Long-term Liabilities10,004,315
Total Stockholder Equity12,420,207
Total Current Liabilities
Short Long Term Debt 3,037,777
Accounts payable 6,160,232
Other Current Liabilities 4,304,715
Total Current Liabilities  (as reported)17,076,127
Total Current Liabilities  (calculated)13,502,724
+/- 3,573,403
Long-term Liabilities
Long term Debt 8,561,849
Capital Lease Obligations Min Short Term Debt29,433
Long-term Liabilities Other 1
Long-term Liabilities  (as reported)10,004,315
Long-term Liabilities  (calculated)8,591,283
+/- 1,413,032
Total Stockholder Equity
Total Stockholder Equity (as reported)12,420,207
Total Stockholder Equity (calculated)0
+/- 12,420,207
Other
Capital Stock191,052
Common Stock Shares Outstanding 95,526
Net Debt 10,506,160
Net Invested Capital 24,019,833
Net Working Capital 3,928,902
Property Plant and Equipment Gross 12,377,594



6.2. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
9,914,687
18,200,893
22,333,024
24,243,065
30,496,079
33,106,923
39,305,511
39,305,51133,106,92330,496,07924,243,06522,333,02418,200,8939,914,68700
   > Total Current Assets 
6,588,745
6,384,687
4,960,036
7,699,492
11,316,364
12,873,212
18,366,182
18,414,714
21,005,029
21,005,02918,414,71418,366,18212,873,21211,316,3647,699,4924,960,0366,384,6876,588,745
       Cash And Cash Equivalents 
0
0
496,253
407,011
354,389
234,273
735,539
1,346,215
1,093,466
1,093,4661,346,215735,539234,273354,389407,011496,25300
       Short-term Investments 
0
0
40,684
33,392
3,290
3,042
1,451,144
6,343
1,838,637
1,838,6376,3431,451,1443,0423,29033,39240,68400
       Net Receivables 
2,562,591
2,449,528
1,424,410
1,847,577
2,884,465
3,103,465
4,898,592
2,687,889
5,474,547
5,474,5472,687,8894,898,5923,103,4652,884,4651,847,5771,424,4102,449,5282,562,591
       Inventory 
2,537,587
2,450,361
1,605,480
2,240,296
2,890,986
4,135,745
5,315,604
5,203,819
6,543,302
6,543,3025,203,8195,315,6044,135,7452,890,9862,240,2961,605,4802,450,3612,537,587
       Other Current Assets 
1,068,312
1,036,545
1,379,805
771,357
3,019,821
2,826,617
3,911,210
5,243,929
5,018,873
5,018,8735,243,9293,911,2102,826,6173,019,821771,3571,379,8051,036,5451,068,312
   > Long-term Assets 
0
0
4,954,651
10,490,816
11,016,660
11,369,336
12,129,898
14,692,209
18,300,482
18,300,48214,692,20912,129,89811,369,33611,016,66010,490,8164,954,65100
       Property Plant Equipment 
3,257,302
3,149,177
2,290,158
5,548,396
6,876,463
6,914,408
7,258,299
10,309,768
12,377,594
12,377,59410,309,7687,258,2996,914,4086,876,4635,548,3962,290,1583,149,1773,257,302
       Goodwill 
0
0
102,330
406,940
406,940
391,434
392,009
474,394
474,394
474,394474,394392,009391,434406,940406,940102,33000
       Intangible Assets 
0
0
7,143
4,794
3,104
608,842
793,269
2,047
1,172,722
1,172,7222,047793,269608,8423,1044,7947,14300
       Long-term Assets Other 
0
0
1
1
295,766
3
5,826
3,782
25,017
25,0173,7825,8263295,7661100
> Total Liabilities 
0
0
12,903,373
14,739,856
17,991,877
19,032,719
23,923,788
23,934,190
27,080,442
27,080,44223,934,19023,923,78819,032,71917,991,87714,739,85612,903,37300
   > Total Current Liabilities 
12,212,120
10,619,872
11,203,738
7,520,810
9,775,666
11,317,301
14,314,733
15,426,183
17,076,127
17,076,12715,426,18314,314,73311,317,3019,775,6667,520,81011,203,73810,619,87212,212,120
       Short Long Term Debt 
0
0
469,720
499,156
1,110,252
1,070,780
1,051,547
2,942,621
3,037,777
3,037,7772,942,6211,051,5471,070,7801,110,252499,156469,72000
       Accounts payable 
2,048,346
1,604,545
1,170,833
1,380,029
3,662,270
3,536,991
4,549,875
5,556,459
6,160,232
6,160,2325,556,4594,549,8753,536,9913,662,2701,380,0291,170,8331,604,5452,048,346
       Other Current Liabilities 
8,879,306
7,740,671
9,013,389
5,286,099
4,480,566
5,674,047
7,119,309
1,451,210
4,304,715
4,304,7151,451,2107,119,3095,674,0474,480,5665,286,0999,013,3897,740,6718,879,306
   > Long-term Liabilities 
0
0
1,699,635
7,229,393
8,216,207
7,714,911
9,609,056
8,508,007
10,004,315
10,004,3158,508,0079,609,0567,714,9118,216,2077,229,3931,699,63500
       Capital Lease Obligations Min Short Term Debt
0
0
0
27,210
14,640
38,245
17,606
598,644
29,433
29,433598,64417,60638,24514,64027,210000
       Long-term Liabilities Other 
0
0
37,254
488
2,566,815
5,005
907
6
1
169075,0052,566,81548837,25400
> Total Stockholder Equity
0
0
-3,610,598
3,463,174
4,343,266
5,212,315
6,646,988
9,300,474
12,420,207
12,420,2079,300,4746,646,9885,212,3154,343,2663,463,174-3,610,59800
   Common Stock
173,972
173,972
173,972
173,972
173,972
182,972
182,972
0
0
00182,972182,972173,972173,972173,972173,972173,972
   Retained Earnings Total Equity000000000
   Accumulated Other Comprehensive Income 000000000
   Capital Surplus 000000000
   Treasury Stock000000000
   Other Stockholders Equity 
30,483
34,032
21,983
-5,922
-655
-94,812
226,981
0
0
00226,981-94,812-655-5,92221,98334,03230,483



6.3. Balance Sheets

Currency in INR. All numbers in thousands.




6.4. Cash Flows

Currency in INR. All numbers in thousands.




6.5. Income Statements

Currency in INR. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2025-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue27,389,341
Cost of Revenue-6,259,552
Gross Profit21,129,78921,129,789
 
Operating Income (+$)
Gross Profit21,129,789
Operating Expense-24,469,280
Operating Income2,920,061-3,339,491
 
Operating Expense (+$)
Research Development0
Selling General Administrative13,099,824
Selling And Marketing Expenses0
Operating Expense24,469,28013,099,824
 
Net Interest Income (+$)
Interest Income0
Interest Expense-889,231
Other Finance Cost-0
Net Interest Income-889,231
 
Pretax Income (+$)
Operating Income2,920,061
Net Interest Income-889,231
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,779,7232,920,061
EBIT - interestExpense = -889,231
2,958,126
3,847,357
Interest Expense889,231
Earnings Before Interest and Taxes (EBIT)03,668,954
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax2,779,723
Tax Provision-153,957
Net Income From Continuing Ops2,890,7282,625,766
Net Income2,958,126
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0889,231
 

Technical Analysis of Ashapura
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ashapura. The general trend of Ashapura is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ashapura's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Ashapura Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of ASHAPURA MINECHEM LTD..

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 451.00 < 529.15 < 571.00.

The bearish price targets are: 428.00 > 377.30 > 360.25.

Know someone who trades $ASHAPURMIN? Share this with them.👇

ASHAPURA MINECHEM LTD. Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of ASHAPURA MINECHEM LTD.. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

ASHAPURA MINECHEM LTD. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of ASHAPURA MINECHEM LTD.. The current macd is 12.53.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ashapura price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Ashapura. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Ashapura price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
ASHAPURA MINECHEM LTD. Daily Moving Average Convergence/Divergence (MACD) ChartASHAPURA MINECHEM LTD. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of ASHAPURA MINECHEM LTD.. The current adx is 23.23.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ashapura shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
ASHAPURA MINECHEM LTD. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of ASHAPURA MINECHEM LTD.. The current sar is 395.84.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
ASHAPURA MINECHEM LTD. Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of ASHAPURA MINECHEM LTD.. The current rsi is 69.02. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
ASHAPURA MINECHEM LTD. Daily Relative Strength Index (RSI) ChartASHAPURA MINECHEM LTD. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of ASHAPURA MINECHEM LTD.. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ashapura price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
ASHAPURA MINECHEM LTD. Daily Stochastic Oscillator ChartASHAPURA MINECHEM LTD. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of ASHAPURA MINECHEM LTD.. The current cci is 124.59.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
ASHAPURA MINECHEM LTD. Daily Commodity Channel Index (CCI) ChartASHAPURA MINECHEM LTD. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of ASHAPURA MINECHEM LTD.. The current cmo is 51.38.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
ASHAPURA MINECHEM LTD. Daily Chande Momentum Oscillator (CMO) ChartASHAPURA MINECHEM LTD. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of ASHAPURA MINECHEM LTD.. The current willr is -6.05844619.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
ASHAPURA MINECHEM LTD. Daily Williams %R ChartASHAPURA MINECHEM LTD. Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of ASHAPURA MINECHEM LTD..

ASHAPURA MINECHEM LTD. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of ASHAPURA MINECHEM LTD.. The current atr is 17.47.

ASHAPURA MINECHEM LTD. Daily Average True Range (ATR) ChartASHAPURA MINECHEM LTD. Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of ASHAPURA MINECHEM LTD.. The current obv is 5,965,732.

ASHAPURA MINECHEM LTD. Daily On-Balance Volume (OBV) ChartASHAPURA MINECHEM LTD. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of ASHAPURA MINECHEM LTD.. The current mfi is 76.55.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
ASHAPURA MINECHEM LTD. Daily Money Flow Index (MFI) ChartASHAPURA MINECHEM LTD. Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for ASHAPURA MINECHEM LTD..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-02-18STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-02-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-02-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-02-21STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-02-25MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-03-03STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-05MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-03-06MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-03-07MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-03-19CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-03-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-11STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-17STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-05-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-06STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-05-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-05-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-16CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-05-20MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-27STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-05-30MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-02STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-06-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-06-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-24STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-25STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-02STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

ASHAPURA MINECHEM LTD. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of ASHAPURA MINECHEM LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5069.025
Ma 20Greater thanMa 50407.720
Ma 50Greater thanMa 100386.687
Ma 100Greater thanMa 200383.119
OpenGreater thanClose429.100
Total4/5 (80.0%)
Penke
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