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Live Chart Being Loaded With Signals

Commentary (9 May 2024 @ 05:59):

Stats
Today's Volume	133 758
Average Volume	169 616
Market Cap	28.36B
EPS	INR0 ( 2024-02-14 )
Next earnings date	( INR0 ) 2024-05-27
Last Dividend	INR0.500 ( 2022-09-21 )
Next Dividend	INR0 ( N/A )
P/E	11.24
ATR14	INR0.791 (0.26%)

Volume Correlation

Long: -0.22 (neutral)

Short: -0.74 (moderate negative)

Signal:(46.187) Neutral

Ashapura Minechem Limited Correlation

10 Most Positive Correlations
MOGSEC.NS	0.933
JBMA.NS	0.924
IDBIGOLD.NS	0.919
CYIENT.NS	0.919
SETF10GILT.NS	0.911
FOCUS.NS	0.91
TEMBO.NS	0.908
BSLGOLDETF.NS	0.907
MUKANDENGG.NS	0.901
GOLDSHARE.NS	0.897

10 Most Negative Correlations
GENESYS.NS	-0.921
SUNCLAYLTD.NS	-0.921
DPSCLTD.NS	-0.92
BCG.NS	-0.914
JPINFRATEC.NS	-0.908
TCIFINANCE.NS	-0.907
TMB.NS	-0.905
CLNINDIA.NS	-0.902
ROLTA.NS	-0.901
TATVA.NS	-0.901

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Ashapura Minechem Limited Correlation - Currency/Commodity

-0.03
( neutral )

-0.01
( neutral )

-0.05
( neutral )

0.48
( neutral )

-0.83
( strong negative )

0.03
( neutral )

Ashapura Minechem Limited Financials

Annual	2022
Revenue:	INR18.31B
Gross Profit:	INR13.37B (73.04 %)
EPS:	INR12.79

FY	2022
Revenue:	INR18.31B
Gross Profit:	INR13.37B (73.04 %)
EPS:	INR12.79

FY	2022
Revenue:	INR12.52B
Gross Profit:	INR7.01B (56.00 %)
EPS:	INR9.65

FY	2021
Revenue:	INR11.48B
Gross Profit:	INR8.35B (72.73 %)
EPS:	INR10.06

Financial Reports:

No articles found.

Ashapura Minechem Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0.500 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Ashapura Minechem Limited Dividend Information - Ex Dividend Junior

Dividend Sustainability Score: 2.56 - low (50.00%) | Divividend Growth Potential Score: 3.38 - No dividend growth expected in the near future

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.200	1996-08-05
Last Dividend	INR0.500	2022-09-21
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	15	--
Total Paid Out	INR7.43	--
Avg. Dividend % Per Year	0.16%	--
Score	1.31	--
Div. Sustainability Score	2.56
Div.Growth Potential Score	3.38
Div. Directional Score	2.97	--

Next Divdend (Est)
(2025-02-17)

INR0 Estimate 0.00 %

Dividend Stability

0.03 Very Bad

Dividend Score

1.31

Pay Frequency

Sporadic

Yearly Payout

Year	Amount	Yield
1996	INR0	0.00%
1997	INR0	0.00%
1998	INR0	0.00%
1999	INR0	0.00%
2000	INR0	0.00%
2001	INR0	0.00%
2002	INR0	0.00%
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0	0.00%
2019	INR0	0.00%
2020	INR0	0.00%
2021	INR0.500	0.44%
2022	INR0.500	0.51%
2023	INR0	0.00%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
ROHLTD.NS	Dividend Junior	2023-09-15	Sporadic	19	0.20%
LAMBODHARA.NS	Dividend Junior	2023-09-14	Annually	10	0.87%
FORCEMOT.NS	Dividend Junior	2023-09-21	Annually	6	0.45%
APLAPOLLO.NS	Ex Dividend Junior	2023-09-01	Sporadic	13	0.07%
TCI.NS	Dividend Junior	2023-07-25	Semi-Annually	23	0.70%
NUCLEUS.NS	Dividend Junior	2023-07-07	Annually	22	1.41%
INDUSINDBK.NS	Dividend Junior	2023-06-02	Annually	23	0.56%
COLPAL.NS	Dividend Knight	2023-05-19	Semi-Annually	18	1.38%
SCI.NS	Dividend Junior	2023-09-01	Sporadic	22	0.25%
MAHSEAMLES.NS	Dividend Junior	2023-08-14	Annually	21	0.80%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0867	1.500	8.27	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.352	1.500	7.20	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	3.06	1.000	9.98	9.98	[3 - 30]
operatingCashFlowPerShareTTM	16.84	2.00	4.39	8.78	[0 - 30]
freeCashFlowPerShareTTM	16.84	2.00	1.582	3.16	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.714	1.000	1.440	1.440	[0.2 - 0.8]
operatingProfitMarginTTM	0.0749	1.000	-0.501	-0.501	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				2.56

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	11.25	1.000	8.96	0	[1 - 100]
returnOnEquityTTM	0.352	2.50	8.20	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	16.84	2.00	4.39	3.16	[0 - 30]
dividendYielPercentageTTM	0	1.500	0	0	[0 - 0.4]
operatingCashFlowPerShareTTM	16.84	2.00	4.39	8.78	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.346	1.500	-1.028	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0517	1.000	-1.208	0	[0.1 - 0.5]
Total Score				3.38

Ashapura Minechem Limited

Ashapura Minechem Limited produces and sells bentonite and bauxite in India and internationally. The company offers bentonite mining, processing, and logistics services to aluminum, foundry, cosmetics, metal ore pellatization, construction, and paper industries; refractory materials for abrasives, refectories, foundries, grinding, and road surfacing applications; and hydrocarbon exploration solutions to oil well drilling and hydraulic fracturing industries. It also provides adsorbent solutions for use in various applications, including bleaching edible oils, refining of petroleum products, water purification, pet care, and bleaching waste oils; products for waterproofing, repair and restoration, admixtures, grouts, and floor hardeners. In addition, the company offers white mineral solutions for use in paper, paint, rubber, pesticide, cosmetic, pharmaceutical, ceramic, glass, plastic, and building products; and clay products for use in paints, sealants, plasters, polymers, coating and pharmaceutical applications, and aviation fuel enhancers. Ashapura Minechem Limited also exports its products. The company was founded in 1960 and is based in Mumbai, India.