20 Microns Ltd - Stock Valuation and Financial Performance

BSE: 533022 | NSE: 20MICRONS | Mining & Minerals | Small Cap

20 Microns Share Price

257.05 38.40 17.56%
as on 26-Jul'24 16:01

DeciZen - make an informed investing decision on 20 Microns

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

20 Microns stock performance -

mw4me loader
P/E Ratio (SA):
17.26
Market Cap:
907 Cr.
52-wk low:
105.4
52-wk high:
262.4

Is 20 Microns Ltd an attractive stock to invest in?

1. Is 20 Microns Ltd a good quality company?

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

2. Is 20 Microns Ltd undervalued or overvalued?

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

3. Is 20 Microns Ltd a good buy now?

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

10 Year X-Ray of 20 Microns:

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.6%11.1%11.7%12.3%13.9%14.3%13.8%13.8%13.3%15.5%-
Value Creation
Index
-0.6-0.2-0.2-0.10.00.00.00.0-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 313335359385436490432517598672711
Sales YoY Gr.-7.1%6.9%7.4%13.1%12.5%-11.8%19.6%15.6%12.5%-
Adj EPS -1.42.43.84.86.27.16.58.71014.414.9
YoY Gr.-NA54.9%27.5%27.6%15.1%-7.9%32.8%15.8%43.8%-
BVPS (₹) 20.623.833.337.643.149.156.466.276.491.691.6
Adj Net
Profit
-4.68.613.41721.7252330.535.450.953
Cash Flow from Ops. 24.518.45349.945.540.356.544.555.840.2-
Debt/CF from Ops. 6.38.42.72.52.52.81.62.31.52.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.9%9.1%15.9%12.5%
Adj EPS NA18.6%30.3%43.8%
BVPS18%16.3%17.5%19.9%
Share Price 22.9% 48.9% 59.8% 112%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-6.411.213.313.615.215.412.414.114.117.216.3
Op. Profit
Mgn %
7.412.413.613.614.21211.912.811.512.812.3
Net Profit
Mgn %
-1.52.63.74.455.15.35.95.97.67.4
Debt to
Equity
2.21.91.210.70.60.40.50.30.3-
Working Cap
Days
16316516315915314516915313913065
Cash Conv.
Cycle
5043525152525955556124

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.50%

Sales growth is growing at healthy rate in last 3 years 15.86%

Net Profit is growing at healthy rate in last 3 years 30.29%

Sales growth is good in last 4 quarters at 12.61%

No data to display

Latest Financials - 20 Microns Ltd.

Standalone Consolidated
TTM EPS (₹) 14.9 16.7
TTM Sales (₹ Cr.) 711 817
BVPS (₹.) 91.6 100
Reserves (₹ Cr.) 306 335
P/BV 2.81 2.57
PE 17.26 15.37
From the Market
52 Week Low / High (₹) 105.40 / 262.35
All Time Low / High (₹) 6.62 / 236.10
Market Cap (₹ Cr.) 907
Equity (₹ Cr.) 17.6
Face Value (₹) 5
Industry PE 18.6

Management X-Ray of 20 Microns:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of 20 Microns

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales313335359385436490432517598672
Operating Expenses 290294310333374431382451529587
Manufacturing Costs44464751524442506163
Material Costs158158167179208268228267311357
Employee Cost 27303235413929374449
Other Costs 6161646873808397113118
Operating Profit 23414952625950666986
Operating Profit Margin (%) 7.4%12.3%13.5%13.6%14.1%12.0%11.7%12.8%11.5%12.8%
Other Income 6424386678
Interest 25242321212024181513
Depreciation 999991112121212
Exceptional Items 000-200000-2
Profit Before Tax -5121924343521424968
Tax -13681210-2111218
Profit After Tax -491316222522313650
PAT Margin (%) -1.3%2.8%3.7%4.1%5.0%5.1%5.2%6.0%6.0%7.5%
Adjusted EPS (₹)-1.22.73.74.56.27.16.48.810.314.2
Dividend Payout Ratio (%)0%0%0%17%0%8%0%0%7%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 7084117133152173199234270323
Share Capital 17181818181818181818
Reserves 5366100115134156181216252306
Minority Interest0000000000
Debt1481411321151029774916883
Long Term Debt81716356443622271812
Short Term Debt67716958586152645071
Trade Payables66524958617479807159
Others Liabilities 37495667796462616475
Total Liabilities 321326355372395409414466473540

Fixed Assets

Gross Block210216238255274287293307323333
Accumulated Depreciation6776829199110114123133141
Net Fixed Assets143140156164175177180185190191
CWIP 72783825712
Investments 772022211922343543
Inventories63645963717675868488
Trade Receivables435553626781829590113
Cash Equivalents 17986557131439
Others Assets41495349544146475354
Total Assets 321326355372395409414466473540

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 24185350464056445640
PBT -5121924343521424968
Adjustment 30343328292835292623
Changes in Working Capital -0-2672-11-146-17-6-35
Tax Paid -1-1-6-4-7-9-6-10-13-16
Cash Flow From Investing Activity -41-20-11-12-10-9-32-14-19
Capex -1-1-16-13-12-13-9-25-15-20
Net Investments 0021-10-1000
Others -22-51130-701
Cash Flow From Financing Activity -14-25-32-41-34-29-48-4-39-1
Net Proceeds from Shares 0500000000
Net Proceeds from Borrowing 23-10-7-7-12-8-146-9-6
Interest Paid -25-24-23-21-21-20-24-18-15-13
Dividend Paid 000-2-1-2000-3
Others -124-2-1102-109-1521
Net Cash Flow 7-51-2-11-18321
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-5.6612.1613.0712.715.2415.3412.0514.2714.3716.92
ROCE (%)8.8515.7416.8617.432120.1615.4719.2218.4920.97
Asset Turnover Ratio1.021.081.091.071.141.221.061.181.271.33
PAT to CFO Conversion(x)N/A24.083.132.091.62.551.421.560.8
Working Capital Days
Receivable Days53515354545569635655
Inventory Days68676157565564575247
Payable Days131137110109104921231098966

20 Microns Ltd Stock News

20 Microns Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of 20 Microns on 26-Jul-2024 16:01 is ₹257.1.
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 26-Jul-2024 16:01 the market cap of 20 Microns stood at ₹907.0.
The latest P/E ratio of 20 Microns as of 26-Jul-2024 16:01 is 17.26.
The latest P/B ratio of 20 Microns as of 26-Jul-2024 16:01 is 2.81.
The 52-week high of 20 Microns is ₹262.4 and the 52-week low is ₹105.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 20 Microns is ₹711.4 ( Cr.) .

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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