Is 20 Microns a good quality company?

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

Is 20 Microns 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 Somewhat overvalued zone .

What is 20 Microns share price return in the past 10 years?

20 Microns Ltd share price has appreciated 16.3% annually (CAGR) over the past ten years.

Is 20 Microns a good buy now?

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

20 Microns Ltd - Stock Valuation and Financial Performance

Name: 20 Microns
Brand: 20 Microns

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

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20 Microns Share Price

₹162 5.00 3.18%
as on 26-Apr'24 15:15

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	6.7%	5.6%	11.1%	11.7%	12.3%	13.9%	14.3%	13.8%	13.8%	13.4%	-
Value Creation Index ⓘ	-0.5	-0.6	-0.2	-0.2	-0.1	0.0	0.0	0.0	0.0	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	290	313	335	359	385	436	490	432	517	598	636
Sales YoY Gr.	-	7.9%	7.1%	6.9%	7.4%	13.1%	12.5%	-11.8%	19.6%	15.6%	-
Adj EPS ⓘ	0	-1.4	2.4	3.8	4.8	6.2	7.1	6.5	8.7	10.1	13.4
YoY Gr.	-	-6950%	NA	54.9%	27.5%	27.6%	15.1%	-7.9%	32.8%	16.5%	-
BVPS (₹) ⓘ	22	20.6	23.8	33.3	37.6	43.1	49.1	56.4	66.2	76.4	86.4
Adj Net Profit ⓘ	0.1	-4.6	8.6	13.4	17	21.7	25	23	30.5	35.6	47
Cash Flow from Ops. ⓘ	23.1	24.5	18.4	53	49.9	45.5	40.3	56.5	44.5	55.8	-
Debt/CF from Ops. ⓘ	7	6.3	8.4	2.7	2.5	2.5	2.8	1.6	2.3	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.4%	9.2%	6.9%	15.6%
Adj EPS ⓘ	99.7%	15.9%	12.5%	16.5%
BVPSⓘ	14.8%	15.2%	15.9%	15.4%
Share Price	16.3%	33.8%	64.6%	101.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	0.1	-6.4	11.2	13.3	13.6	15.2	15.4	12.4	14.1	14.2	16.4
Op. Profit Mgn % ⓘ	8.1	7.4	12.4	13.6	13.6	14.2	12	11.9	12.8	11.5	12.9
Net Profit Mgn % ⓘ	0	-1.5	2.6	3.7	4.4	5	5.1	5.3	5.9	6	7.4
Debt to Equity ⓘ	2.2	2.2	1.9	1.2	1	0.7	0.6	0.4	0.5	0.3	-
Working Cap Days ⓘ	161	163	165	163	159	153	145	169	153	139	65
Cash Conv. Cycle ⓘ	71	50	43	52	51	52	52	59	55	55	21

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.40%

Net Profit is growing at healthy rate in last 3 years 12.53%

Sales growth has been subdued in last 3 years 6.85%

Sales growth is not so good in last 4 quarters at 7.58%

Latest Financials - 20 Microns Ltd.

	Standalone	Consolidated
TTM EPS (₹)	13.4	14.7
TTM Sales (₹ Cr.)	636	738
BVPS (₹.) ⓘ	86.4	94.4
Reserves (₹ Cr.) ⓘ	287	315
P/BV ⓘ	1.82	1.66
PE ⓘ	11.72	10.70

From the Market
52 Week Low / High (₹)	79.66 / 200.00
All Time Low / High (₹)	6.62 / 200.00
Market Cap (₹ Cr.)	553
Equity (₹ Cr.)	17.6
Face Value (₹)	5
Industry PE ⓘ	17.6

Management X-Ray of 20 Microns:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

53.74

0.00

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

Valuation of 20 Microns

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of 20 Microns

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	290	313	335	359	385	436	490	432	517	598
Operating Expenses ⓘ	267	290	294	310	333	374	431	382	451	529
Manufacturing Costs	43	44	46	47	51	52	44	42	50	61
Material Costs	142	158	158	167	179	208	268	228	267	311
Employee Cost	24	27	30	32	35	41	39	29	37	44
Other Costs ⓘ	57	61	61	64	68	73	80	83	97	113
Operating Profit ⓘ	23	23	41	49	52	62	59	50	66	69
Operating Profit Margin (%)	8.0%	7.4%	12.3%	13.5%	13.6%	14.1%	12.0%	11.7%	12.8%	11.5%
Other Income ⓘ	9	6	4	2	4	3	8	6	6	7
Interest ⓘ	22	25	24	23	21	21	20	24	18	15
Depreciation ⓘ	10	9	9	9	9	9	11	12	12	12
Exceptional Items ⓘ	0	0	0	0	-2	0	0	0	0	0
Profit Before Tax ⓘ	0	-5	12	19	24	34	35	21	42	49
Tax ⓘ	0	-1	3	6	8	12	10	-2	11	12
Profit After Tax	0	-4	9	13	16	22	25	22	31	36
PAT Margin (%)	0.0%	-1.3%	2.8%	3.7%	4.1%	5.0%	5.1%	5.2%	6.0%	6.0%
Adjusted EPS (₹)	0.0	-1.2	2.7	3.7	4.5	6.2	7.1	6.4	8.8	10.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	17%	0%	8%	0%	0%	7%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	74	70	84	117	133	152	173	199	234	270
Share Capital ⓘ	17	17	18	18	18	18	18	18	18	18
Reserves ⓘ	58	53	66	100	115	134	156	181	216	252
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	136	148	141	132	115	102	97	74	91	68
Long Term Debt	58	81	71	63	56	44	36	22	27	18
Short Term Debt	78	67	71	69	58	58	61	52	64	50
Trade Payables	47	66	52	49	58	61	74	79	80	71
Others Liabilities ⓘ	58	37	49	56	67	79	64	62	61	64
Total Liabilities ⓘ	315	321	326	355	372	395	409	414	466	473
Fixed Assets
Gross Block	204	210	216	238	255	274	287	293	307	323
Accumulated Depreciation	57	67	76	82	91	99	110	114	123	133
Net Fixed Assetsⓘ	147	143	140	156	164	175	177	180	185	190
CWIP ⓘ	11	7	2	7	8	3	8	2	5	7
Investmentsⓘ	7	7	7	20	22	21	19	22	34	35
Inventories	58	63	64	59	63	71	76	75	86	84
Trade Receivables	53	43	55	53	62	67	81	82	95	90
Cash Equivalents	7	17	9	8	6	5	5	7	13	14
Others Assetsⓘ	33	41	49	53	49	54	41	46	47	53
Total Assets ⓘ	315	321	326	355	372	395	409	414	466	473

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	23	24	18	53	50	46	40	56	44	56
PBT ⓘ	0	-5	12	19	24	34	35	21	42	49
Adjustment ⓘ	26	30	34	33	28	29	28	35	29	26
Changes in Working Capital ⓘ	-2	-0	-26	7	2	-11	-14	6	-17	-6
Tax Paid ⓘ	-1	-1	-1	-6	-4	-7	-9	-6	-10	-13
Cash Flow From Investing Activity ⓘ	-19	-4	1	-20	-11	-12	-10	-9	-32	-14
Capex	-25	-1	-1	-16	-13	-12	-13	-9	-25	-15
Net Investments	0	0	0	2	1	-1	0	-1	0	0
Others ⓘ	6	-2	2	-5	1	1	3	0	-7	0
Cash Flow From Financing Activityⓘ	-3	-14	-25	-32	-41	-34	-29	-48	-4	-39
Net Proceeds from Shares ⓘ	1	0	5	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	23	-10	-7	-7	-12	-8	-14	6	-9
Interest Paid ⓘ	-22	-25	-24	-23	-21	-21	-20	-24	-18	-15
Dividend Paid ⓘ	-2	0	0	0	-2	-1	-2	0	0	0
Others ⓘ	19	-12	4	-2	-11	0	2	-10	9	-15
Net Cash Flow ⓘ	1	7	-5	1	-2	-1	1	-1	8	3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	0.18	-5.66	12.16	13.07	12.7	15.24	15.34	12.05	14.27	14.37
ROCE (%)	9.63	8.85	15.74	16.86	17.43	21	20.16	15.47	19.22	18.49
Asset Turnover Ratio	1.02	1.02	1.08	1.09	1.07	1.14	1.22	1.06	1.18	1.27
PAT to CFO Conversion(x)	N/A	N/A	2	4.08	3.13	2.09	1.6	2.55	1.42	1.56
Working Capital Days
Receivable Days	59	53	51	53	54	54	55	69	63	56
Inventory Days	62	68	67	61	57	56	55	64	57	52
Payable Days	95	131	137	110	109	104	92	123	109	89

20 Microns Ltd Stock News

20 Microns Ltd FAQs

What is the share price of 20 Microns?

Company share prices are keep on changing according to the market conditions. The closing price of 20 Microns on 26-Apr-2024 15:15 is ₹162.0.

What is the market cap of 20 Microns?

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-Apr-2024 15:15 the market cap of 20 Microns stood at ₹553.3.

What is the P/E ratio of 20 Microns?

The latest P/E ratio of 20 Microns as of 26-Apr-2024 15:15 is 11.72.

What is the P/B ratio of 20 Microns?

The latest P/B ratio of 20 Microns as of 26-Apr-2024 15:15 is 1.82.

What is the 52-week high and low of 20 Microns?

The 52-week high of 20 Microns is ₹200.0 and the 52-week low is ₹79.66.

What is the TTM revenue of 20 Microns?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 20 Microns is ₹636.0 ( 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.