25 XP 0   0   10  
0coffee
Main menu
3rd party ad coffee SUPPORTERis ad-free.

ASHAPURA MINECHEM LTD.
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.

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.

Get notifications about ASHAPURA MINECHEM LTD.

I send you an email if I find something interesting about ASHAPURA MINECHEM LTD..

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?
83.3%

What is your share worth?

Current worth
INR96.02
Expected worth in 1 year
INR204.91
How sure are you?
83.3%

+ What do you gain per year?

Total Gains per Share
INR108.90
Return On Investment
28.0%

For what price can you sell your share?

Current Price per Share
INR389.40
Expected price per share
INR328.65 - INR442.15
How sure are you?
50%
3rd party ad coffee SUPPORTERis ad-free.

2. Detailed Analysis

2.1. Valuation of Ashapura (5 min.)




Live pricePrice per Share (EOD)
INR389.40
Intrinsic Value Per Share
INR-46.40 - INR-35.79
Total Value Per Share
INR49.62 - INR60.24

2.2. Growth of Ashapura (5 min.)




Is Ashapura growing?

Current yearPrevious yearGrowGrow %
How rich?$108.2m$77.5m$30.6m28.3%

How much money is Ashapura making?

Current yearPrevious yearGrowGrow %
Making money$33.8m$13.8m$20m59.2%
Net Profit Margin10.8%6.4%--

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
#161 / 856

Most Revenue
#69 / 856

Most Profit
#49 / 856
3rd party ad coffee SUPPORTERis ad-free.

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 INR389.40. 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 INR96.02. Based on the TTM, the Book Value Change Per Share is INR27.22 per quarter. Based on the YOY, the Book Value Change Per Share is INR14.26 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?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.350.1%0.350.1%0.140.0%0.240.1%0.130.0%
Usd Book Value Change Per Share0.320.1%0.320.1%0.170.0%0.300.1%0.190.0%
Usd Dividend Per Share0.000.0%0.000.0%0.010.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.320.1%0.320.1%0.180.0%0.310.1%0.190.0%
Usd Price Per Share4.43-4.43-1.32-1.74-1.51-
Price to Earnings Ratio12.50-12.50-9.14-9.51-7.79-
Price-to-Total Gains Ratio13.79-13.79-7.53-9.13-7.46-
Price to Book Ratio3.91-3.91-1.63-2.15-1.64-
Price-to-Total Gains Ratio13.79-13.79-7.53-9.13-7.46-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.59492
Number of shares217
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.320.30
Usd Total Gains Per Share0.320.31
Gains per Quarter (217 shares)69.7166.23
Gains per Year (217 shares)278.84264.93
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
102792694261255
205585488522520
3083682712782785
40111511061710431050
50139413852113041315
60167316642515651580
70195219432918261845
80223122223320862110
90250925013723472375
100278827804126082640

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%5.01.00.083.3%5.01.00.083.3%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.01.00.083.3%5.01.00.083.3%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.01.083.3%5.00.01.083.3%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.01.00.083.3%5.01.00.083.3%
3rd party ad coffee SUPPORTERis ad-free.

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+/-5 Year+/-10 Year+/-
Book Value Change Per Share--27.22227.2220%14.257+91%25.462+7%16.004+70%
Book Value Per Share--96.02396.0230%68.801+40%60.209+59%44.960+114%
Current Ratio--1.1941.1940%1.283-7%1.159+3%1.040+15%
Debt To Asset Ratio--0.7230.7230%0.784-8%0.782-8%0.868-17%
Debt To Equity Ratio--2.5732.5730%3.599-28%3.645-29%3.037-15%
Dividend Per Share--0.0020.0020%0.602-100%0.404-99%0.337-99%
Enterprise Value--11935853048.00011935853048.0000%-13229641552.800+211%-5800953906.400+149%-6535717770.800+155%
Eps--30.04430.0440%12.249+145%20.218+49%11.073+171%
Ev To Ebitda Ratio--infinfnan%-5.114nan%infnan%infnan%
Ev To Sales Ratio--0.4500.4500%-0.723+261%-1.112+347%-1.216+370%
Free Cash Flow Per Share---19.242-19.2420%-3.840-80%-9.685-50%-12.029-37%
Free Cash Flow To Equity Per Share---19.242-19.2420%4.491-528%-2.721-86%-5.042-74%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---35.785--------
Intrinsic Value_10Y_min---46.402--------
Intrinsic Value_1Y_max---7.800--------
Intrinsic Value_1Y_min---8.501--------
Intrinsic Value_3Y_max---20.224--------
Intrinsic Value_3Y_min---22.359--------
Intrinsic Value_5Y_max---28.776--------
Intrinsic Value_5Y_min---32.619--------
Market Cap37197861782.400+4%35870049048.00035870049048.0000%10694146447.200+235%14123533293.600+154%12218583729.200+194%
Net Profit Margin--0.1080.1080%0.064+69%0.308-65%0.163-34%
Operating Margin----0%0.069-100%0.012-100%0.009-100%
Operating Ratio--1.1781.1780%1.215-3%1.407-16%1.441-18%
Pb Ratio4.055+4%3.9113.9110%1.627+140%2.145+82%1.637+139%
Pe Ratio12.961+4%12.49812.4980%9.140+37%9.512+31%7.791+60%
Price Per Share389.400+4%375.500375.5000%111.950+235%147.850+154%127.908+194%
Price To Free Cash Flow Ratio-20.237-4%-19.515-19.5150%-29.151+49%-29.083+49%-24.434+25%
Price To Total Gains Ratio14.303+4%13.79313.7930%7.534+83%9.134+51%7.462+85%
Quick Ratio--0.3370.3370%0.444-24%0.320+5%0.289+17%
Return On Assets--0.0870.0870%0.038+126%0.083+5%0.013+558%
Return On Equity--0.3090.3090%0.176+75%0.394-22%0.329-6%
Total Gains Per Share--27.22427.2240%14.860+83%25.866+5%16.341+67%
Usd Book Value--108238190.400108238190.4000%77553033.800+40%67867815.640+59%50678763.900+114%
Usd Book Value Change Per Share--0.3210.3210%0.168+91%0.300+7%0.189+70%
Usd Book Value Per Share--1.1331.1330%0.812+40%0.710+59%0.531+114%
Usd Dividend Per Share--0.0000.0000%0.007-100%0.005-99%0.004-99%
Usd Eps--0.3550.3550%0.145+145%0.239+49%0.131+171%
Usd Free Cash Flow---21689780.600-21689780.6000%-4328936.200-80%-10916491.520-50%-13559195.133-37%
Usd Free Cash Flow Per Share---0.227-0.2270%-0.045-80%-0.114-50%-0.142-37%
Usd Free Cash Flow To Equity Per Share---0.227-0.2270%0.053-528%-0.032-86%-0.059-74%
Usd Market Cap438934769.032+4%423266578.766423266578.7660%126190928.077+235%166657692.864+154%144179288.005+194%
Usd Price Per Share4.595+4%4.4314.4310%1.321+235%1.745+154%1.509+194%
Usd Profit--33866389.40033866389.4000%13806755.200+145%22790331.200+49%12481884.633+171%
Usd Revenue--313149131.600313149131.6000%216040111.200+45%169734360.040+84%152995053.500+105%
Usd Total Gains Per Share--0.3210.3210%0.175+83%0.305+5%0.193+67%
 EOD+5 -3MRQTTM+0 -0YOY+23 -145Y+23 -1410Y+23 -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)Between0-1512.961
Price to Book Ratio (EOD)Between0-14.055
Net Profit Margin (MRQ)Greater than00.108
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.337
Current Ratio (MRQ)Greater than11.194
Debt to Asset Ratio (MRQ)Less than10.723
Debt to Equity Ratio (MRQ)Less than12.573
Return on Equity (MRQ)Greater than0.150.309
Return on Assets (MRQ)Greater than0.050.087
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 than5077.344
Ma 20Greater thanMa 50281.993
Ma 50Greater thanMa 100286.555
Ma 100Greater thanMa 200312.984
OpenGreater thanClose369.950
Total1/5 (20.0%)

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 2024-11-17 03:51:05.

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 very 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 unable 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 fair priced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.
3rd party ad coffee SUPPORTERis ad-free.

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%YOY6.4%+4.4%
TTM10.8%5Y30.8%-20.0%
5Y30.8%10Y16.3%+14.5%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ10.8%-4.6%+15.4%
TTM10.8%-8.2%+19.0%
YOY6.4%-47.2%+53.6%
5Y30.8%-178.4%+209.2%
10Y16.3%-690.9%+707.2%
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.
  • 8.7% Return on Assets means that Ashapura generated ₹0.09 profit for each $1 in assets.

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

  • The MRQ is 8.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.7%TTM8.7%0.0%
TTM8.7%YOY3.8%+4.8%
TTM8.7%5Y8.3%+0.4%
5Y8.3%10Y1.3%+6.9%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ8.7%-6.4%+15.1%
TTM8.7%-6.9%+15.6%
YOY3.8%-6.6%+10.4%
5Y8.3%-9.2%+17.5%
10Y1.3%-14.2%+15.5%
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.
  • 30.9% Return on Equity means Ashapura generated ₹0.31 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 30.9%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 30.9%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ30.9%TTM30.9%0.0%
TTM30.9%YOY17.6%+13.3%
TTM30.9%5Y39.4%-8.6%
5Y39.4%10Y32.9%+6.6%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ30.9%-6.9%+37.8%
TTM30.9%-7.6%+38.5%
YOY17.6%-7.2%+24.8%
5Y39.4%-9.7%+49.1%
10Y32.9%-14.3%+47.2%
3rd party ad coffee SUPPORTERis ad-free.

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-YOY6.9%-6.9%
TTM-5Y1.2%-1.2%
5Y1.2%10Y0.9%+0.3%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--106.9%+106.9%
TTM--42.5%+42.5%
YOY6.9%-55.2%+62.1%
5Y1.2%-279.7%+280.9%
10Y0.9%-654.9%+655.8%
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 1.18 means that the operating costs are ₹1.18 for each ₹1 in net sales.

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

  • The MRQ is 1.178. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.178. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.178TTM1.1780.000
TTM1.178YOY1.215-0.037
TTM1.1785Y1.407-0.229
5Y1.40710Y1.441-0.034
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1781.727-0.549
TTM1.1781.718-0.540
YOY1.2151.956-0.741
5Y1.4073.581-2.174
10Y1.4418.504-7.063
3rd party ad coffee SUPPORTERis ad-free.

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 1.19 means the company has ₹1.19 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 1.194. The company is just able to pay all its short-term debts.
  • The TTM is 1.194. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.194TTM1.1940.000
TTM1.194YOY1.283-0.089
TTM1.1945Y1.159+0.035
5Y1.15910Y1.040+0.119
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1941.983-0.789
TTM1.1942.053-0.859
YOY1.2832.823-1.540
5Y1.1593.920-2.761
10Y1.0404.512-3.472
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 0.34 means the company can pay off ₹0.34 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 0.337. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.337. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.337TTM0.3370.000
TTM0.337YOY0.444-0.106
TTM0.3375Y0.320+0.017
5Y0.32010Y0.289+0.032
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3370.908-0.571
TTM0.3371.169-0.832
YOY0.4441.731-1.287
5Y0.3202.366-2.046
10Y0.2893.407-3.118
3rd party ad coffee SUPPORTERis ad-free.

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 0.72 means that Ashapura assets are financed with 72.3% credit (debt) and the remaining percentage (100% - 72.3%) 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 0.723. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.723. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.723TTM0.7230.000
TTM0.723YOY0.784-0.062
TTM0.7235Y0.782-0.059
5Y0.78210Y0.868-0.087
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7230.200+0.523
TTM0.7230.200+0.523
YOY0.7840.180+0.604
5Y0.7820.228+0.554
10Y0.8680.263+0.605
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 257.3% means that company has ₹2.57 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 2.573. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.573. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.573TTM2.5730.000
TTM2.573YOY3.599-1.026
TTM2.5735Y3.645-1.071
5Y3.64510Y3.037+0.607
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5730.182+2.391
TTM2.5730.188+2.385
YOY3.5990.187+3.412
5Y3.6450.238+3.407
10Y3.0370.291+2.746
3rd party ad coffee SUPPORTERis ad-free.

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 12.50 means the investor is paying ₹12.50 for every ₹1 in earnings.

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

  • The EOD is 12.961. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.498. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.498. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD12.961MRQ12.498+0.463
MRQ12.498TTM12.4980.000
TTM12.498YOY9.140+3.358
TTM12.4985Y9.512+2.986
5Y9.51210Y7.791+1.721
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD12.961-3.481+16.442
MRQ12.498-4.673+17.171
TTM12.498-5.066+17.564
YOY9.140-7.101+16.241
5Y9.512-10.544+20.056
10Y7.791-11.586+19.377
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 -20.237. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -19.515. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -19.515. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-20.237MRQ-19.515-0.722
MRQ-19.515TTM-19.5150.000
TTM-19.515YOY-29.151+9.636
TTM-19.5155Y-29.083+9.569
5Y-29.08310Y-24.434-4.649
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-20.237-4.853-15.384
MRQ-19.515-5.586-13.929
TTM-19.515-5.815-13.700
YOY-29.151-7.713-21.438
5Y-29.083-12.138-16.945
10Y-24.434-15.437-8.997
3rd party ad coffee SUPPORTERis ad-free.
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 3.91 means the investor is paying ₹3.91 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 4.055. Based on the equity, the company is fair priced.
  • The MRQ is 3.911. Based on the equity, the company is fair priced.
  • The TTM is 3.911. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD4.055MRQ3.911+0.145
MRQ3.911TTM3.9110.000
TTM3.911YOY1.627+2.283
TTM3.9115Y2.145+1.765
5Y2.14510Y1.637+0.508
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD4.0551.105+2.950
MRQ3.9111.245+2.666
TTM3.9111.381+2.530
YOY1.6271.834-0.207
5Y2.1452.540-0.395
10Y1.6373.099-1.462
4.6.2. Total Gains per Share
3rd party ad coffee SUPPORTERis ad-free.

6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets33,106,924
Total Liabilities23,934,196
Total Stockholder Equity9,300,475
 As reported
Total Liabilities 23,934,196
Total Stockholder Equity+ 9,300,475
Total Assets = 33,106,924

Assets

Total Assets33,106,924
Total Current Assets18,414,714
Long-term Assets14,692,210
Total Current Assets
Cash And Cash Equivalents 1,346,215
Short-term Investments 2,512,103
Net Receivables 2,687,890
Inventory 5,203,819
Other Current Assets 5,243,929
Total Current Assets  (as reported)18,414,714
Total Current Assets  (calculated)16,993,956
+/- 1,420,758
Long-term Assets
Property Plant Equipment 9,415,644
Goodwill 474,394
Intangible Assets 892,475
Long-term Assets Other 3,782
Long-term Assets  (as reported)14,692,210
Long-term Assets  (calculated)10,786,295
+/- 3,905,915

Liabilities & Shareholders' Equity

Total Current Liabilities15,426,184
Long-term Liabilities8,508,012
Total Stockholder Equity9,300,475
Total Current Liabilities
Short Long Term Debt 2,942,621
Accounts payable 5,556,459
Other Current Liabilities 3,592,772
Total Current Liabilities  (as reported)15,426,184
Total Current Liabilities  (calculated)12,091,852
+/- 3,334,332
Long-term Liabilities
Long term Debt 6,873,604
Capital Lease Obligations Min Short Term Debt19,537
Long-term Liabilities Other 6
Long-term Liabilities  (as reported)8,508,012
Long-term Liabilities  (calculated)6,893,147
+/- 1,614,865
Total Stockholder Equity
Total Stockholder Equity (as reported)9,300,475
Total Stockholder Equity (calculated)0
+/- 9,300,475
Other
Capital Stock182,972
Common Stock Shares Outstanding 91,486
Net Debt 8,470,010
Net Invested Capital 19,116,700
Net Working Capital 2,988,530
Property Plant and Equipment Gross 9,415,644



6.2. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
9,914,687
18,200,893
22,333,024
24,243,065
30,496,079
33,106,924
33,106,92430,496,07924,243,06522,333,02418,200,8939,914,68700
   > 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
18,414,71418,366,18212,873,21211,316,3647,699,4924,960,0366,384,6876,588,745
       Cash And Cash Equivalents 
0
0
496,253
407,011
354,389
234,273
735,539
1,346,215
1,346,215735,539234,273354,389407,011496,25300
       Short-term Investments 
0
0
40,684
33,392
3,290
3,042
1,451,144
2,512,103
2,512,1031,451,1443,0423,29033,39240,68400
       Net Receivables 
2,562,591
2,449,528
1,424,410
1,847,577
2,884,465
3,103,465
4,898,592
2,687,890
2,687,8904,898,5923,103,4652,884,4651,847,5771,424,4102,449,5282,562,591
       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
5,203,8195,315,6044,135,7452,890,9862,240,2961,605,4802,450,3612,537,587
       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
5,243,9293,911,2102,826,6173,019,821771,3571,379,8051,036,5451,068,312
   > Long-term Assets 
0
0
4,954,651
10,490,816
11,016,660
11,369,336
12,129,898
14,692,210
14,692,21012,129,89811,369,33611,016,66010,490,8164,954,65100
       Property Plant Equipment 
3,257,302
3,149,177
2,290,158
5,548,396
6,876,463
6,914,408
7,258,299
9,415,644
9,415,6447,258,2996,914,4086,876,4635,548,3962,290,1583,149,1773,257,302
       Goodwill 
0
0
102,330
406,940
406,940
391,434
392,009
474,394
474,394392,009391,434406,940406,940102,33000
       Intangible Assets 
0
0
7,143
4,794
3,104
608,842
793,269
892,475
892,475793,269608,8423,1044,7947,14300
       Long-term Assets Other 
0
0
1
1
295,766
3
5,826
3,782
3,7825,8263295,7661100
> Total Liabilities 
0
0
12,903,373
14,739,856
17,991,877
19,032,719
23,923,788
23,934,196
23,934,19623,923,78819,032,71917,991,87714,739,85612,903,37300
   > Total Current Liabilities 
12,212,120
10,619,872
11,203,738
7,520,810
9,775,666
11,317,301
14,314,733
15,426,184
15,426,18414,314,73311,317,3019,775,6667,520,81011,203,73810,619,87212,212,120
       Short Long Term Debt 
0
0
469,720
499,156
1,110,252
1,070,780
1,051,547
2,942,621
2,942,6211,051,5471,070,7801,110,252499,156469,72000
       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
5,556,4594,549,8753,536,9913,662,2701,380,0291,170,8331,604,5452,048,346
       Other Current Liabilities 
8,879,306
7,740,671
9,013,389
5,286,099
4,480,566
5,674,047
7,119,309
3,592,772
3,592,7727,119,3095,674,0474,480,5665,286,0999,013,3897,740,6718,879,306
   > Long-term Liabilities 
0
0
1,699,635
7,229,393
8,216,207
7,714,911
9,609,056
8,508,012
8,508,0129,609,0567,714,9118,216,2077,229,3931,699,63500
       Capital Lease Obligations Min Short Term Debt
0
0
0
27,210
14,640
38,245
17,606
19,537
19,53717,60638,24514,64027,210000
       Long-term Liabilities Other 
0
0
37,254
488
2,566,815
5,005
907
6
69075,0052,566,81548837,25400
> Total Stockholder Equity
0
0
-3,610,598
3,463,174
4,343,266
5,212,315
6,646,988
9,300,475
9,300,4756,646,9885,212,3154,343,2663,463,174-3,610,59800
   Common Stock
173,972
173,972
173,972
173,972
173,972
182,972
182,972
0
0182,972182,972173,972173,972173,972173,972173,972
   Retained Earnings Total Equity00000000
   Accumulated Other Comprehensive Income 00000000
   Capital Surplus 00000000
   Treasury Stock00000000
   Other Stockholders Equity 
30,483
34,032
21,983
-5,922
-655
-94,812
226,981
0
0226,981-94,812-655-5,92221,98334,03230,483



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), 2024-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue26,538,062
Cost of Revenue-6,401,244
Gross Profit20,136,81820,136,818
 
Operating Income (+$)
Gross Profit20,136,818
Operating Expense-24,862,728
Operating Income1,675,334-4,725,910
 
Operating Expense (+$)
Research Development0
Selling General Administrative14,207,895
Selling And Marketing Expenses0
Operating Expense24,862,72814,207,895
 
Net Interest Income (+$)
Interest Income0
Interest Expense-697,228
Other Finance Cost-0
Net Interest Income-697,228
 
Pretax Income (+$)
Operating Income1,675,334
Net Interest Income-697,228
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,580,6361,675,334
EBIT - interestExpense = -697,228
2,870,033
3,567,261
Interest Expense697,228
Earnings Before Interest and Taxes (EBIT)03,277,864
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax2,580,636
Tax Provision-269,753
Net Income From Continuing Ops2,816,9902,310,883
Net Income2,870,033
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 Net0697,228
 

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 NEUTRAL with 0.0% 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 (0.0%) Bearish trend (0.0%)
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. 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: 383.95 < 390.00 < 442.15.

The bearish price targets are: 369.85 > 339.55 > 328.65.

Tweet this
ASHAPURA MINECHEM LTD. Daily Support & Resistance Chart

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 7/14.
The longshort score for the Moving Averages is 0/(-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 lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower 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 lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower 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 lower 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 24.68.

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 31.74.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
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 253.88.

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
3rd party ad coffee SUPPORTERis ad-free.

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 77.34. The current phase is Overbought in neutral market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 1/(-13 +13).

  • Overbought in neutral market:
  • 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 neutral 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 173.96.

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 69.26.

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 -1.59151194.

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
3rd party ad coffee SUPPORTERis ad-free.

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 19.42.

ASHAPURA MINECHEM LTD. Daily Average True Range (ATR) ChartASHAPURA MINECHEM LTD. Daily Average True Range (ATR) Chart
3rd party ad coffee SUPPORTERis ad-free.

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 8,015,338.

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 93.48.

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

  • MFI > 50: +1
  • MFI > 80: +1
ASHAPURA MINECHEM LTD. Daily Money Flow Index (MFI) ChartASHAPURA MINECHEM LTD. Daily Money Flow Index (MFI) Chart
3rd party ad coffee SUPPORTERis ad-free.

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
2024-07-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-09MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-08-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-08-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-20MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-08-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-08-27MACD 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.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-08-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-08-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-30DMI 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
2024-09-02SAR 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
2024-09-03BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-09-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-09BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-09-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-09-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-10-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-03STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-07MACD 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-10-08STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-10-11MACD 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-10-21DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-24CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-29ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-30RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-11-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-11-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-11-26DMI 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.
CCI 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).
2024-11-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-11-29STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-12-02STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-12-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
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 than5077.344
Ma 20Greater thanMa 50281.993
Ma 50Greater thanMa 100286.555
Ma 100Greater thanMa 200312.984
OpenGreater thanClose369.950
Total1/5 (20.0%)
Penke
Good job! You gained 25 XP and 0   0   10 . What's next:
  • Share my analysis of Ashapura with someone you think should read this too:
  • Are you bullish or bearish on Ashapura? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Ashapura? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about ASHAPURA MINECHEM LTD.

I send you an email if I find something interesting about ASHAPURA MINECHEM LTD..


Comments

How you think about this?

Leave a comment

Stay informed about ASHAPURA MINECHEM LTD..

Receive notifications about ASHAPURA MINECHEM LTD. in your mailbox!

3rd party ad coffee SUPPORTERis ad-free.