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Ashapura Minechem Limited's (NSE:ASHAPURMIN) market cap up ₹6.3b last week, benefiting both retail investors who own 34% as well as insiders

Simply Wall St · 2d ago

Key Insights

  • The considerable ownership by retail investors in Ashapura Minechem indicates that they collectively have a greater say in management and business strategy
  • The top 5 shareholders own 51% of the company
  • Insider ownership in Ashapura Minechem is 30%

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If you want to know who really controls Ashapura Minechem Limited (NSE:ASHAPURMIN), then you'll have to look at the makeup of its share registry. With 34% stake, retail investors possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

While retail investors were the group that benefitted the most from last week’s ₹6.3b market cap gain, insiders too had a 30% share in those profits.

In the chart below, we zoom in on the different ownership groups of Ashapura Minechem.

Check out our latest analysis for Ashapura Minechem

ownership-breakdown
NSEI:ASHAPURMIN Ownership Breakdown December 13th 2025

What Does The Institutional Ownership Tell Us About Ashapura Minechem?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors have a fair amount of stake in Ashapura Minechem. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Ashapura Minechem's historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
NSEI:ASHAPURMIN Earnings and Revenue Growth December 13th 2025

We note that hedge funds don't have a meaningful investment in Ashapura Minechem. Ashapura Industrial Finance Limited is currently the company's largest shareholder with 18% of shares outstanding. In comparison, the second and third largest shareholders hold about 14% and 9.6% of the stock.

On looking further, we found that 51% of the shares are owned by the top 5 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.

Insider Ownership Of Ashapura Minechem

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our most recent data indicates that insiders own a reasonable proportion of Ashapura Minechem Limited. Insiders have a ₹21b stake in this ₹71b business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.

General Public Ownership

The general public, who are usually individual investors, hold a 34% stake in Ashapura Minechem. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Private Company Ownership

Our data indicates that Private Companies hold 18%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Ashapura Minechem is showing 2 warning signs in our investment analysis , you should know about...

Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.