Financials 20 Microns Limited

Equities

20MICRONS

INE144J01027

Specialty Chemicals

Delayed NSE India S.E. 05:29:27 04/06/2024 BST 5-day change 1st Jan Change
170.8 INR -3.18% Intraday chart for 20 Microns Limited +2.94% -3.49%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,733 1,348 901.6 1,240 2,606 2,622
Enterprise Value (EV) 1 3,017 2,517 2,084 2,239 3,708 3,497
P/E ratio 9.2 x 5.41 x 3.74 x 5.4 x 7.54 x 6.27 x
Yield 1.53% - 2.35% - - 1.01%
Capitalization / Revenue 0.41 x 0.28 x 0.17 x 0.26 x 0.42 x 0.37 x
EV / Revenue 0.71 x 0.52 x 0.39 x 0.46 x 0.6 x 0.5 x
EV / EBITDA 4.95 x 3.63 x 3.19 x 3.91 x 4.78 x 4.15 x
EV / FCF 29.4 x 47.1 x 35.3 x 15 x -31 x 13.1 x
FCF Yield 3.4% 2.13% 2.84% 6.66% -3.23% 7.61%
Price to Book 1.21 x 0.81 x 0.48 x 0.58 x 1.04 x 0.89 x
Nbr of stocks (in thousands) 35,287 35,287 35,287 35,287 35,287 35,287
Reference price 2 49.10 38.20 25.55 35.15 73.85 74.30
Announcement Date 25/08/18 18/07/19 02/09/20 03/09/21 27/06/22 17/07/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 4,271 4,797 5,293 4,836 6,132 7,017
EBITDA 1 609.6 694.3 653.4 572.7 776.3 842.2
EBIT 1 508.8 589.9 543.6 459.2 661.8 726.1
Operating Margin 11.91% 12.3% 10.27% 9.5% 10.79% 10.35%
Earnings before Tax (EBT) 1 280.4 384.6 345.5 217.6 476.2 571.9
Net income 1 188.4 249 241.2 229.7 345.9 418.2
Net margin 4.41% 5.19% 4.56% 4.75% 5.64% 5.96%
EPS 2 5.338 7.057 6.830 6.510 9.800 11.85
Free Cash Flow 1 102.5 53.49 59.11 149.2 -119.8 266
FCF margin 2.4% 1.12% 1.12% 3.09% -1.95% 3.79%
FCF Conversion (EBITDA) 16.82% 7.7% 9.05% 26.05% - 31.58%
FCF Conversion (Net income) 54.42% 21.48% 24.51% 64.95% - 63.61%
Dividend per Share 2 0.7500 - 0.6000 - - 0.7500
Announcement Date 25/08/18 18/07/19 02/09/20 03/09/21 27/06/22 17/07/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,285 1,169 1,183 999 1,102 875
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.108 x 1.684 x 1.81 x 1.745 x 1.42 x 1.039 x
Free Cash Flow 1 103 53.5 59.1 149 -120 266
ROE (net income / shareholders' equity) 14% 16% 13.6% 11.4% 14.9% 15.3%
ROA (Net income/ Total Assets) 8.61% 9.49% 8.01% 6.4% 8.55% 8.73%
Assets 1 2,187 2,625 3,011 3,590 4,045 4,789
Book Value Per Share 2 40.70 47.10 53.20 60.80 71.30 83.20
Cash Flow per Share 2 1.720 2.010 1.730 1.150 3.610 5.750
Capex 1 197 198 166 105 274 125
Capex / Sales 4.6% 4.12% 3.14% 2.16% 4.47% 1.78%
Announcement Date 25/08/18 18/07/19 02/09/20 03/09/21 27/06/22 17/07/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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