Is Ashapura Minechem the Best Stock in Its Sector? A Look at the Numbers
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Ashapura Minechem CMP Rs 537 (23 Sep 2026). Market cap Rs 5,138 Cr. ROE 24.34%. P/E 12.51x versus Industry P/E 10.24x.
Quick Answer
Ashapura Minechem is one of the names investors compare when screening the Mining sector, built on a 24.34% return on equity and a P/E of 12.51x against an Industry P/E of 10.24x. Whether Ashapura Minechem is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Mining sector peers, so you can judge that for yourself.
Is Ashapura Minechem the best stock in its sector? The stock trades on the NSE at Rs 537 as of 23 September 2026, within its 52-week range of Rs 455.10 to Rs 924.90. Ashapura Minechem Ltd mines and processes bentonite, bauxite and other industrial minerals for foundry, drilling and refractory customers.
Ashapura Minechem sits in the Mining sector, and its 24.34% ROE and 12.51x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Ashapura Minechem
Ashapura Minechem Ltd mines and processes bentonite, bauxite and other industrial minerals for foundry, drilling and refractory customers. It mines and processes bentonite, bauxite and other industrial minerals, supplying foundry, drilling and refractory customers across India and export markets. At a market capitalisation of Rs 5,138 Cr, it is tracked as part of the Mining sector on Univest.
Is Ashapura Minechem the Best Stock in Its Sector?
Ashapura Minechem makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 24.34% ROE with a 12.51x P/E against the sector’s 10.24x Industry P/E. Ashapura Minechem trades close to its 10.24x Industry P/E despite a 24.34% ROE well ahead of MOIL’s in this series, making it look inexpensive relative to its own quality among mining peers.
| Metric | Ashapura Minechem |
|---|---|
| CMP (NSE) | Rs 537.35 |
| 52-Week High / Low | Rs 924.90 / Rs 455.10 |
| Market Cap | Rs 5,138 Cr |
| P/E (TTM) vs Industry P/E | 12.51x vs 10.24x |
| P/B | 3.12 |
| ROE | 24.34% |
| EPS (TTM) | Rs 43.01 |
| Dividend Yield | 0.37% |
| Debt to Equity | 0.88 |
Compare Ashapura Minechem Against Other Mining Sector Stocks
How Ashapura Minechem Compares Against Its Mining Sector Peers
The table below sets Ashapura Minechem against 1 other Mining sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 1 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Ashapura Minechem | 5,138 | 12.51 | 24.34% | 0.88 |
| MOIL | 4,854 | 15.99 | 9.87% | 0.00 |
| Peer average (1 companies) | – | 15.99 | 9.87% | 0.00 |
Against this peer set, Ashapura Minechem’s 24.34% ROE is above the 9.87% peer average, and its P/E of 12.51x runs below the peer average of 15.99x. Ashapura Minechem trades close to its 10.24x Industry P/E despite a 24.34% ROE well ahead of MOIL’s in this series, making it look inexpensive relative to its own quality among mining peers.
What Makes Ashapura Minechem Worth Watching in Mining
- Strong ROE: A 24.34% ROE is well above most mining companies, reflecting efficient use of capital in industrial mineral processing.
- Close to Industry P/E: A 12.51x P/E versus a 10.24x Industry P/E shows the stock trading close to Mining sector norms despite its high ROE.
- Diversified industrial minerals portfolio: Mining and processing bentonite, bauxite and other minerals gives Ashapura Minechem exposure across multiple industrial customer segments.
Ashapura Minechem Valuation: Is It Justified?
Ashapura Minechem trades close to its 10.24x Industry P/E despite a 24.34% ROE well ahead of MOIL’s in this series, making it look inexpensive relative to its own quality among mining peers. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Ashapura Minechem and other Mining sector stocks.
How to Track Ashapura Minechem Before You Invest
Before deciding whether Ashapura Minechem deserves its label as the best stock in its sector for your own portfolio, compare it directly against Mining sector peers using the steps below.
- Open the Univest Screener and search for Ashapura Minechem to view live price, valuation ratios, and peer comparisons within the Mining sector.
- Compare its P/E, P/B, and ROE against other Mining sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Ashapura Minechem earns a place in the best stock in its sector conversation on the strength of a 24.34% ROE and a P/E of 12.51x against a 10.24x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Ashapura Minechem the best stock in its sector?
Ans. Ashapura Minechem has a 24.34% ROE and trades at 12.51x P/E against a 10.24x Industry P/E, and compares above the peer average ROE of 9.87% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Ashapura Minechem?
Ans. Ashapura Minechem was trading at Rs 537.35 on the NSE as of 23 September 2026, within its 52-week range of Rs 455.10 to Rs 924.90.
What sector does Ashapura Minechem belong to?
Ans. Ashapura Minechem is classified under the Mining sector on Univest.
How does Ashapura Minechem compare to its sector peers on P/E?
Ans. Ashapura Minechem’s P/E of 12.51x is below the 15.99x average of the 1 named peers compared in this article.
What is Ashapura Minechem’s return on equity?
Ans. Ashapura Minechem reported a return on equity of 24.34%, which is above the 9.87% average of its named peers in this comparison.
Should I invest in Ashapura Minechem based on its sector position?
Ans. Ashapura Minechem’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
