20 Microns Ltd

About [ edit ]

20 Microns is engaged in Business of Industrial Micronised Minerals and Speciality Chemicals.(Source : 201903 Annual Report Page No: 75)

  • Market Cap 166 Cr.
  • Current Price 47.0
  • High / Low 50.0 / 24.1
  • Stock P/E 9.23
  • Book Value 55.9
  • Dividend Yield 1.28 %
  • ROCE 18.8 %
  • ROE 13.6 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.84 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.26% over past five years.
  • Promoters have pledged 53.74% of their holding.
  • Dividend payout has been low at 7.61% of profits over last 3 years
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
117.72 121.25 111.00 130.21 137.84 136.09 127.13 128.26 64.21 128.64 149.75
99.98 103.33 95.67 112.61 118.09 118.36 110.68 116.26 65.23 109.16 127.16
Operating Profit 17.74 17.92 15.33 17.60 19.75 17.73 16.45 12.00 -1.02 19.48 22.59
OPM % 15.07% 14.78% 13.81% 13.52% 14.33% 13.03% 12.94% 9.36% -1.59% 15.14% 15.09%
Other Income 1.34 0.92 -0.07 0.56 0.47 0.61 0.01 1.57 0.39 0.71 0.49
Interest 5.38 5.32 5.67 5.53 5.15 5.37 5.10 5.91 4.21 5.41 11.77
Depreciation 2.62 2.57 2.77 2.68 2.75 3.31 3.26 3.19 3.34 3.63 3.44
Profit before tax 11.08 10.95 6.82 9.95 12.32 9.66 8.10 4.47 -8.18 11.15 7.87
Tax % 32.49% 36.16% 35.48% 35.38% 31.25% 27.02% 34.20% 25.50% 108.80% 24.13% 27.95%
Net Profit 7.46 6.96 4.38 6.43 8.49 7.09 5.41 3.13 0.73 8.46 5.65
EPS in Rs 2.11 1.97 1.24 1.82 2.41 2.01 1.53 0.89 0.21 2.40 1.60

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
137 179 253 300 312 327 356 357 392 427 480 529 471
120 158 227 264 273 297 326 310 337 367 411 463 418
Operating Profit 16 20 26 36 39 31 30 46 56 60 69 66 53
OPM % 12% 11% 10% 12% 12% 9% 8% 13% 14% 14% 14% 12% 11%
Other Income -2 2 2 2 -5 2 4 4 2 1 2 3 3
Interest 8 8 11 16 18 24 27 25 24 22 22 22 27
Depreciation 4 5 6 7 8 11 11 10 10 10 10 13 14
Profit before tax 2 9 11 16 8 -2 -3 14 23 28 38 35 15
Tax % 50% 34% 40% 29% 37% -19% 16% 24% 31% 32% 35% 30%
Net Profit 1 6 6 11 5 -2 -2 11 16 19 25 24 18
EPS in Rs 0.38 2.09 2.26 3.85 1.51 -0.68 -0.74 3.11 4.49 5.34 7.08 6.84 5.10
Dividend Payout % 0% 24% 33% 23% 33% 0% 0% 0% 0% 14% 0% 9%
Compounded Sales Growth
10 Years:11%
5 Years:8%
3 Years:11%
TTM:-11%
Compounded Profit Growth
10 Years:15%
5 Years:63%
3 Years:15%
TTM:-34%
Stock Price CAGR
10 Years:8%
5 Years:8%
3 Years:3%
1 Year:80%
Return on Equity
10 Years:12%
5 Years:15%
3 Years:15%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
14 14 14 14 16 17 17 18 18 18 18 18 18
Reserves 21 26 30 38 53 57 54 70 107 126 150 170 179
Borrowings 59 87 120 159 165 177 165 163 152 134 124 119 90
24 33 48 57 60 77 98 83 86 98 112 137 133
Total Liabilities 118 161 213 268 294 328 333 334 363 376 404 444 421
52 65 78 84 152 158 151 151 177 185 195 201 198
CWIP 5 6 5 37 4 9 7 4 7 8 4 11 8
Investments 1 1 1 1 1 1 1 1 2 3 4 2 2
62 89 129 146 137 160 174 178 177 179 201 230 214
Total Assets 118 161 213 268 294 328 333 334 363 376 404 444 421

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 2 0 13 45 37 30 25 44 61 53 43
-9 -18 -17 -44 -39 -21 -4 -6 -9 -18 -19 -14
11 18 20 30 -7 -14 -21 -26 -34 -44 -33 -30
Net Cash Flow 2 2 4 -2 -1 1 6 -6 2 -1 2 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 15% 17% 15% 10% 9% 16% 18% 19% 21% 19%
Debtor Days 62 63 66 64 62 65 51 57 56 57 53 57
Inventory Turnover 3.90 3.93 3.76 3.65 3.72 3.53 3.03 3.25 3.43 3.47 3.49

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
43.36 43.85 43.89 44.03 44.03 44.03 44.03 44.83 44.83 44.83 44.83 44.83
0.09 0.33 0.26 0.11 0.05 0.00 0.02 0.00 0.00 0.00 0.00 0.00
56.55 55.83 55.85 55.86 55.93 55.97 55.95 55.17 55.17 55.17 55.17 55.17

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