Ashapura Minechem Limited expects its bauxite export volumes to reach between 10 and 12 million tons in FY27, scaling up to a target of 15 million tons by FY28. This guidance was provided by the management during the Q4 and FY26 earnings conference call held on June 4, 2026. The company anticipates that a proposed bauxite quota system by the Guinea government will curb exports from larger players and positively impact smaller companies like Ashapura by potentially improving prices and reducing freight costs.

For the financial year ended March 31, 2026, the company reported a 91.2% year-on-year increase in consolidated revenue from operations to ₹5,237.13 crore. Net profit rose 44% to ₹416.47 crore. The Guinea business was the primary growth driver, generating a turnover of approximately ₹4,200 crore during the year. However, Q4 EBITDA margins contracted to 6.54% from 15.23% year-on-year, impacted by rising fuel costs and ocean freight due to geopolitical unrest.

Operational Outlook

Management highlighted that the Guinea government plans to implement a bauxite quota system, which is expected to be announced soon. This system is likely to reduce the overall export volume from Guinea, thereby easing freight costs and improving net realizations for existing players. The company is expanding its port facilities, with capacity expected to increase from 15 million tons to 20 million tons by the end of the year. Additionally, Ashapura is exploring the iron ore business, with plans to set up beneficiation plants to enhance the quality of low-grade ore for export.

Financial Guidance and Capex

The Board has recommended a final dividend of 100%, or ₹2 per equity share, for FY26, subject to shareholder approval. For the India business, the company plans a capital expenditure of approximately ₹150 crore over the next year to upgrade plant facilities and add new products. Management stated that the company currently enjoys a tax holiday in Guinea until it recovers its investment, which is expected to last for at least the next one to two years.

The table below summarises the key consolidated annual financial metrics:

Ashapura Minechem Limited has announced that its Board of Directors will meet on Thursday, May 28, 2026. The meeting has been convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice regarding this meeting was published in newspapers on May 21, 2026.

Agenda for the Meeting

The primary agenda for the board meeting is to consider and take on record the Audited Standalone and Consolidated Financial Results of the company for the quarter and year ended March 31, 2026. The board will also discuss matters incidental to the financial results.

Furthermore, the board may consider the recommendation of a dividend, if any, at the ensuing meeting. This decision will be subject to the outcome of the board's deliberations.

Key Details