20 Microns Ltd Stock Analysis

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

BSE Share Price 09-Jun-2023 18:01
96.78 2.71 (2.88%)

DeciZen - Make an Informed Decision on 20 Microns

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

20 Microns Price Chart

P/E Ratio ( SA) :
9.18
Market Cap :
331.9 Cr.
52-wk low :
60
52-wk high :
118.9
Bole Toh?

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 Fair 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10%6.7%5.6%11.1%11.7%12.3%13.9%14.3%13.8%13.8%-
Value Creation Index -0.3-0.5-0.6-0.2-0.2-0.1-0.00.0-0.0-0.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 277290313335359385436490432517598
YoY Gr. Rt. %-4.8%7.9%7.1%6.9%7.4%13.1%12.5%-11.8%19.6%-
Adj EPS 3.20-1.42.43.84.86.27.16.58.710.3
YoY Gr. Rt. %--99.4%-6950%NA54.9%27.5%27.6%15.1%-7.9%32.8%-
BVPS (₹) 21.32220.623.833.337.643.149.156.466.276.4
Adj Net Profit 10.10.1-4.68.613.41721.7252330.536
Cash Flow from Ops. 40.623.124.518.45349.945.540.356.544.5-
Debt/CF from Ops. 3.776.38.42.72.52.52.81.62.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%7.6%5.9%19.6%
Adj EPS 11.7%18%12.1%32.8%
BVPS 13.514.815.417.3
Share Price 12.3% 19.3% 48.7% 23.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 16.20.1-6.411.213.313.615.215.412.414.114.4
Op. Profit Mgn % 12.48.17.412.413.613.614.21211.912.811.5
Net Profit Mgn % 3.60-1.52.63.74.455.15.35.96.1
Debt to Equity 2.22.22.21.91.210.70.60.40.50.1
Working Cap Days 158161163165163159153145169157128
Cash Conv. Cycle 7971504352515252595540

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.40%

Net Profit is growing at healthy rate in last 3 years 12.09%

Debt to equity has declined versus last 3 years average to 0.45

Sales growth is good in last 4 quarters at 18.27%

Sales growth has been subdued in last 3 years 5.88%

Latest Financials - 20 Microns Ltd.

Standalone Consolidated
TTM EPS (₹) 10.3 11.9
TTM Sales (₹ Cr.) 598 702
BVPS (₹.) 76.4 83.2
Reserves (₹ Cr.) 252 276
P/BV 1.23 1.15
PE 9.18 8.04
From the Market
52 Week Low / High (₹) 60.00 / 118.90
All Time Low / High (₹) 6.62 / 118.90
Market Cap (₹ Cr.) 332
Equity (₹ Cr.) 17.6
Face Value (₹) 5
Industry PE 8.4

Management X-Ray of 20 Microns :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.7453.7453.7453.7453.740.000.000.000.000.00
* 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 (%)

News

20 Microns Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of 20 Microns on 09-Jun-2023 18:01 is : 96.78.
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 09-Jun-2023 18:01 the market cap of 20 Microns stood at ₹ 331.9.
The latest PE ratio of 20 Microns as of 09-Jun-2023 18:01 is 9.18.
The latest PB ratio of 20 Microns as of 09-Jun-2023 18:01 is 1.23
The 52-week high of 20 Microns is ₹ 118.9 and the 52-week low is ₹ 60.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of 20 Microns is ₹ 597.8 ( 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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