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20 Microns Ltd (20MICRONS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533022 NSE: 20MICRONS Mining & Minerals | Small Cap | 20 Microns Share Price

₹189.20 0.35 (0.19%)

As on 04-Jun'26 16:59

20 Microns Ltd (20MICRONS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533022 NSE: 20MICRONS Mining & Minerals | Small Cap | 20 Microns Share Price

₹189.20 0.35 (0.19%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹668 Cr.
Current Price
₹189.2
52-Week Low / High
₹131 / 284
TTM EPS
₹17.1
TTM Sales
₹824 Cr.
Book Value per Share
₹122.4
P/E Ratio
11.08
In line with its 5-year historical median
Industry PE
15.9
Price to Book (P/B)
1.55
In line with its 5-year historical median
Price to Sales (P/S)
0.81
Higher than its 5-year historical median
EV/EBITDA
6.40
In line with its 5-year historical median
Dividend Yield
0.65%
Profitability Efficiency
Return on Equity (ROE)
16.00%
Outperforms industry median
Return on Capital Employed (ROCE)
19.46%
Outperforms industry median
Return on Assets (ROA)
9.30%
Operating Profit Margin
12.3%
Net Profit Margin
7.09%
Gross Profit Margin
11.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.21%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.58%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.38%
Asset Quality
Promoter Holding
45.04%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹414 Cr.
Equity
₹17.6 Cr.
Face Value
₹5
All Time Low / High
₹6.62 / 346.70

20 Microns stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is 20 Microns Ltd a good quality company?
20 Microns Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does 20 Microns Ltd performance compare with that of its Peers?
Q.1 Revenue growth of 20 Microns Ltd vs industry peers?
20 Microns Ltd revenue CAGR is 10.16%, compared to the industry median CAGR of 1.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of 20 Microns Ltd?
Promoters hold 45.04% of the 20 Microns Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of 20 Microns Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
20 Microns Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.7%16.9%17.4%21%20.2%15.5%19.2%18.5%21.1%19.5%-
Value Creation
Index
0.10.20.30.50.40.10.40.30.50.4-

Growth Parameters

Sales 335359385436490432517598672795824
Sales YoY Gr.-6.9%7.4%13.1%12.5%-11.8%19.6%15.6%12.5%18.2%-
Adj EPS 2.43.84.86.27.16.58.71014.416.317.1
YoY Gr.-54.9%27.5%27.6%15.1%-7.9%32.8%15.8%43.8%13.3%-
BVPS (₹) 23.833.337.643.149.156.466.276.491.6108122.4
Adj Net
Profit
8.613.41721.7252330.535.450.957.760
Cash Flow from Ops. 18.45349.945.540.356.544.555.840.226.5-
Debt/CF from Ops. 8.42.72.52.52.81.62.31.52.44.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.1%10.2%15.4%18.2%
Adj EPS 23.5%18.2%23.6%13.3%
BVPS18.3%17.1%17.7%17.9%
Share Price 20.8% 25.1% 26.7% -17.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.213.313.615.215.412.414.114.117.216.414.8
Op. Profit
Mgn %
12.413.613.614.21211.912.811.512.812.312.5
Net Profit
Mgn %
2.63.74.455.15.35.95.97.67.37.3
Debt to
Equity
1.91.210.70.60.40.50.30.30.30
Working Cap
Days
16516315915314516915213913413871
Cash Conv.
Cycle
4352515252595555617333

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales335359385436490432517598672795
Operating Expenses + 294310333374431382451529587698
Manufacturing Costs46475152444250616370
Material Costs158167179208268228267311356420
Employee Cost 30323541392937444958
Other Costs 61646873808397113118150
Operating Profit 41495262595066698697
Operating Profit Margin (%) 12.3%13.5%13.6%14.1%12.0%11.7%12.8%11.5%12.7%12.2%
Other Income + 4243866799
Exceptional Items 00-200000-2-2
Interest 24232121202418151316
Depreciation 9999111212121215
Profit Before Tax 12192434352142496874
Tax 3681210-211121817
Profit After Tax 9131622252231365056
PAT Margin (%) 2.8%3.7%4.1%5.0%5.1%5.2%6.0%6.1%7.5%7.1%
Adjusted EPS (₹)2.73.74.56.27.16.48.810.314.216.0
Dividend Payout Ratio (%)0%0%16.70%0%8.50%0%0%7.30%8.80%7.80%

Valuation of 20 Microns - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 84117133152173199234270323381
Share Capital 18181818181818181818
Reserves 66100115134156181216252306363
Debt +1411321151029774916883109
Long Term Debt71635644362227181217
Short Term Debt71695858615264507191
Minority Interest0000000000
Trade Payables52495861747980715960
Others Liabilities 495667796462616490108
Total Liabilities 326355372395409414466473555657

Fixed Assets

Net Fixed Assets +140156164175177180185190191217
Gross Block216238255274287293307323333372
Accumulated Depreciation76829199110114123133141155
CWIP 27838257126
Investments 7202221192234354373
Inventories645963717675868488130
Trade Receivables5553626781829590113125
Cash Equivalents 98655713143923
Others Assets 49534954414647536984
Total Assets 326355372395409414466473555657

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 18535046405644564026
PBT 12192434352142496874
Adjustment 34332829283529262328
Changes in Working Capital -2672-11-146-17-6-35-56
Tax Paid -1-6-4-7-9-6-10-13-16-19
Cash Flow From Investing Activity + 1-20-11-12-10-9-32-14-19-43
Capex -1-16-13-12-13-9-25-15-20-21
Net Investments -021-1-0-1-00-0-0
Others 2-51130-701-22
Cash Flow From Financing Activity + -25-32-41-34-29-48-4-39-11
Net Proceeds from Shares 5000000000
Net Proceeds from Borrowing -10-7-7-12-8-146-9-66
Interest Paid -24-23-21-21-20-24-18-15-13-16
Dividend Paid 00-2-1-2000-3-4
Others 4-2-11-02-109-152115
Net Cash Flow -51-2-11-18321-16

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.1613.0712.715.2415.3412.0514.2714.3716.9216
ROCE (%)15.7416.8617.432120.1615.4719.2218.4921.0719.46
Asset Turnover Ratio1.081.091.071.141.221.061.181.271.311.31
PAT to CFO Conversion(x)24.083.132.091.62.551.421.560.80.46
Working Capital Days
Receivable Days50.9052.7053.705455.3068.9062.7056.5054.8054.60
Inventory Days66.7060.6057.2055.8054.6063.605751.9046.6049.90
Payable Days136.60110.30109.50104.4092.20122.70108.9088.8066.3051.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

20 Microns Ltd FAQs

The current trading price of 20 Microns on 04-Jun-2026 16:59 is ₹189.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of 20 Microns stood at ₹667.6 Cr

The latest P/E ratio of 20 Microns as of 03-Jun-2026 is 11.08.

The latest P/B ratio of 20 Microns as of 03-Jun-2026 is 1.55.

The 52-week high of 20 Microns is ₹284.1 and the 52-week low is ₹130.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 20 Microns is ₹824 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that 20 Microns Ltd is a good quality company.

The key valuation ratios of 20 Microns Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of 20 Microns Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About 20 Microns Ltd

20 Microns Limited (20ML) is one of India’s leading and fastest-growing micronized industrial minerals and speciality chemical manufacturing companies offering a wide range of innovative products which finds application across different industries such as paints, polymers, paper, plastic, ceramics, rubber, oil well drilling, agrochemicals, and adhesives & sealants, among others.

Incorporated in 1987, the company is India’s largest producer of white minerals. Backed by several mines, state-of-the-art manufacturing facilities and R&D centres, the company’s white minerals help the company cater to a cross section of industry across the globe. With the best manufacturing practices and ultra-modern R&D centers the international business forms one-fourth of the company’s business with a firm presence in many countries across Europe, Africa, Australia, South America and Asia Pacific.

Business area of the company

The company is engaged in Business of Industrial Micronised Minerals and Speciality Chemicals.

Products of the company

Industrial minerals

  • Ground Calcium Carbonate
  • Dolomite
  • Hydrous Kaolin
  • Calcined Kaolin
  • Talc
  • Natural Barytes
  • Silica / Quartz
  • Muscovite Mica
  • Feldspar / Nepheline Syenite
  • Diatomaceous & Siliceous Earth
  • Bentonite & Attapulgite
  • Natural Red Oxide
  • Synthetic Red Oxide

Functional additives

  • White / Buff & Colored
  • Rutile TiO2
  • White Pigment Opacifier
  • Synthetic Barium Sulphate
  • Micronized Wax
  • Erueca Mide, Olea Mide & Processing Aid
  • Anti-blocking Additives
  • Matting Agents
  • Rheological Additives
  • Inorganic thickeners
  • Flame Retardants
  • Calcium Oxide Desiccant
  • Activators for Rubber
  • High Aspect Ratio Talc
  • Sub-Micron CaCO3
  •  Fumed, Precipitated & Amorphous Silica
  • Decorative Colored Quartz Sand

History and milestones

  • 1987: 20ML started its journey with the commencement of commercial production at its Waghodia facility.
  • 1990 - 1995: Strengthened its market position with the implementation of quality management systems.
  • 1990 - 1995: Boosted production capabilities by expanding production capacity
  • 1990 - 1995: Bolstered manufacturing capabilities with the commencement of second manufacturing unit at Vadadala.
  • 1996 - 2000: Bolstered manufacturing with the commencement of new facility at Hosur (South India).
  • 1996 - 2000: Enhanced its portfolio by diversifying into manufacturing of Kaolin at Bhuj.
  • 2001 - 2005: Further enhanced manufacturing capabilities by setting up two new manufacturing facilities at Alwar and Tirunelveli.
  • 2006 - 2010: Grew its international presence by establishing new territories and sales channels in some of the key markets such as the European, North American and Latin American continents.
  • 2006 - 2010: Marked its international manufacturing presence by setting up an operation in Malaysia for Calcium Carbonate.
  • 2011 - 2015: To strengthen its presence across industries and to further strengthen its product portfolio, it established its state-of-the-art R&D Centre at Waghodia, Vadodara. The company’s R&D facility is being recognized and approved by DSIR, Government of India.
  • 2016 - 2020: Enhanced portfolio by initiating the manufacture of functional additives.
  • 2016 - 2020: Expanded Malaysia operations for Calcium Carbonate.
  • 2016 - 2020: Boosted its manufacturing capabilities by forming a subsidiary 20Microns JSC in Vietnam focused towards the manufacturing of CaCO3.
  • 2016 - 2020: Inked a deal with Dorfner GmBH Germany as the exclusive distributor of Hydrous Kaolin across Europe.
  • 2021: Timely met the debt repayment obligations of its bankers despite a challenging business environment.
  • 2021: Enhanced its credit rating from “BBB-” to “BBB”.
  • 2021: Entered into JV agreement with Dorfner to further strengthen 20ML’s international presence.
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