20 Microns Ltd

20 Microns Ltd

₹ 152 0.50%
18 Apr - close price
About

20 Microns Ltd, manufactures micronized minerals such as calcium carbonate, calcined clay and other specialty minerals. The Co. is also engaged in processing and selling of specialty chemicals such as calcite, wax, SCD.[1][2]

Key Points

Products Portfolio
Industrial Minerals - Ground Calcium Carbonate, Dolomite, Hydrous Kaolins, Calcined Kaolins, Talcs, Natural Barytes, Silica/Quartz, Muscovite Mica, Natural Red Oxide, etc.
Speciality Chemicals - White Pigment Opacifier, Synthetic Barium Sulphate, Matting Agents, Inorganic Thickeners, Flame Retardants, Decorative Coloured Quartz Sand, etc.[1]

  • Market Cap 536 Cr.
  • Current Price 152
  • High / Low 201 / 79.2
  • Stock P/E 11.1
  • Book Value 83.5
  • Dividend Yield 0.49 %
  • ROCE 18.4 %
  • ROE 14.4 %
  • Face Value 5.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 9.22% over past five years.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Dividend payout has been low at 2.44% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
134.48 126.75 100.00 137.31 135.40 144.64 154.15 159.21 133.92 150.52 161.83 172.14 151.55
114.22 111.87 86.73 121.54 116.70 126.33 134.27 140.79 120.59 133.51 139.75 147.24 133.52
Operating Profit 20.26 14.88 13.27 15.77 18.70 18.31 19.88 18.42 13.33 17.01 22.08 24.90 18.03
OPM % 15.07% 11.74% 13.27% 11.48% 13.81% 12.66% 12.90% 11.57% 9.95% 11.30% 13.64% 14.46% 11.90%
1.18 1.75 1.38 1.41 1.27 1.77 1.60 1.80 1.80 1.42 2.36 0.90 1.31
Interest 11.20 3.52 3.63 7.02 3.73 3.62 3.74 4.00 3.47 3.78 3.39 3.19 2.95
Depreciation 2.82 2.87 2.89 2.87 2.83 3.22 3.03 2.89 2.91 2.80 2.82 2.87 2.96
Profit before tax 7.42 10.24 8.13 7.29 13.41 13.24 14.71 13.33 8.75 11.85 18.23 19.74 13.43
Tax % 28.44% 22.46% 24.85% 30.45% 26.03% 26.21% 25.97% 26.03% 29.14% 22.36% 23.97% 28.27% 25.61%
5.31 7.94 6.11 5.07 9.92 9.77 10.89 9.86 6.20 9.20 13.86 14.15 9.98
EPS in Rs 1.50 2.25 1.73 1.44 2.81 2.77 3.09 2.79 1.76 2.61 3.93 4.01 2.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
262 275 288 311 333 357 385 436 490 432 517 598 636
231 242 265 288 291 308 332 374 431 382 451 529 554
Operating Profit 31 33 23 23 41 49 52 62 59 51 66 69 82
OPM % 12% 12% 8% 7% 12% 14% 14% 14% 12% 12% 13% 12% 13%
4 -4 8 6 4 2 2 2 8 5 6 7 6
Interest 14 16 22 25 24 23 21 21 20 24 18 15 13
Depreciation 6 7 10 9 9 9 9 9 11 12 12 12 11
Profit before tax 15 6 0 -5 12 19 24 34 35 21 42 49 63
Tax % 27% 42% -62% 12% 23% 32% 33% 36% 29% -8% 27% 26%
11 3 0 -4 9 13 16 22 25 22 31 36 47
EPS in Rs 3.76 1.02 0.04 -1.20 2.65 3.73 4.50 6.15 7.08 6.36 8.75 10.24 13.38
Dividend Payout % 24% 49% 0% 0% 0% 0% 17% 0% 8% 0% 0% 7%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 7%
TTM: 7%
Compounded Profit Growth
10 Years: 20%
5 Years: 16%
3 Years: 13%
TTM: 32%
Stock Price CAGR
10 Years: 17%
5 Years: 32%
3 Years: 62%
1 Year: 81%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 16 17 17 18 18 18 18 18 18 18 18 18
Reserves 38 51 58 53 66 100 115 134 156 181 216 252 277
145 148 162 153 155 145 129 117 111 90 106 83 85
48 51 71 90 76 76 90 98 117 113 117 108 123
Total Liabilities 245 267 307 312 315 339 351 367 402 402 457 460 502
74 139 147 143 140 156 164 175 177 180 185 190 194
CWIP 36 3 11 7 2 7 8 3 8 2 5 7 6
Investments 7 7 7 7 7 20 22 21 19 22 34 35 35
128 117 142 155 166 156 158 169 197 198 233 229 268
Total Assets 245 267 307 312 315 339 351 367 402 402 457 460 502

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12 41 23 24 18 53 50 46 40 56 44 56
-40 -36 -19 -4 1 -20 -11 -12 -10 -9 -32 -14
29 -7 -3 -14 -25 -32 -41 -34 -29 -48 -4 -39
Net Cash Flow 1 -2 1 7 -5 1 -2 -1 1 -1 8 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62 60 67 50 60 54 59 56 61 70 67 55
Inventory Days 126 118 148 146 148 129 128 124 104 120 118 98
Days Payable 57 72 120 154 120 107 118 107 101 127 110 83
Cash Conversion Cycle 131 106 94 42 88 76 68 74 63 63 76 70
Working Capital Days 75 54 45 49 72 60 54 58 62 68 78 71
ROCE % 18% 14% 10% 9% 15% 17% 18% 21% 20% 16% 19% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.83% 44.83% 44.83% 44.83% 44.83% 44.83% 44.83% 44.83% 44.83% 44.95% 44.95% 44.95%
0.03% 0.12% 0.46% 1.07% 0.70% 1.02% 0.73% 0.93% 0.72% 0.72% 0.72% 0.73%
0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00%
55.14% 55.05% 54.71% 54.10% 54.47% 54.03% 54.31% 54.23% 54.45% 54.33% 54.33% 54.32%
No. of Shareholders 16,38017,06018,25925,06423,75923,01122,44422,33622,33219,76820,54622,492

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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