20 Microns Limited (IN:20MICRONS)
:20MICRONS
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20 Microns Limited
(20MICRONS)
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Rating:72Outperform
Price Target:
₹219.00
▲(10.36% Upside)
Action:Reiterated
Date:05/26/26
The score is driven by solid financials (improving balance sheet and generally steady profitability) and an attractive low P/E, supported by positive technical momentum. The main constraints are the post-2024 growth slowdown, gross margin volatility, and inconsistent free cash flow (notably the negative year in 2025).
Positive Factors
Steady Operating Margins
Recurring operating margins near 10–11% indicate durable core profitability from specialty mineral processing. Stable operating margins reflect pricing power and process efficiency, supporting consistent internal cash generation, reinvestment capacity, and resilience across industry cycles.
Negative Factors
Revenue Growth Slowdown
Revenue expanded sharply through 2024 but decelerated materially in 2025 and 2026 to low single digits. Sustained growth weakness limits operating leverage, constrains margin improvement and reduces capacity to scale specialty offerings without deliberate commercial or product investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Operating Margins
Recurring operating margins near 10–11% indicate durable core profitability from specialty mineral processing. Stable operating margins reflect pricing power and process efficiency, supporting consistent internal cash generation, reinvestment capacity, and resilience across industry cycles.
Read all positive factors
20 Microns Limited (20MICRONS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.27B
Dividend Yield0.63%
Average Volume (3M)9.40K
Price to Earnings (P/E)7.0
Beta (1Y)1.15
Revenue Growth4.50%
EPS Growth7.12%
CountryIN
Employees384
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)17.67
Shares Outstanding35,286,503
10 Day Avg. Volume7,176
30 Day Avg. Volume9,400
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)0.97
Price to Sales (P/S)0.49
P/FCF Ratio7.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
20 Microns Limited Business Overview & Revenue Model
Company Description
20 Microns Limited engages in the industrial micronized minerals and specialty chemicals businesses in India. The company offers industrial minerals, such as ground calcium carbonate, dolomite, hydrous and calcined kaolins, talcs, natural barytes,...
How the Company Makes Money
20 Microns primarily makes money by manufacturing and selling micronized and surface-treated mineral products to industrial customers (typically B2B). Its core revenue stream is product sales, where pricing and margins are influenced by factors su...
20 Microns Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.20B | 9.54B | 9.17B | 7.76B | 7.02B | 6.11B |
| Gross Profit | 3.98B | 3.41B | 4.31B | 2.77B | 3.24B | 2.20B |
| EBITDA | 1.22B | 1.03B | 1.21B | 994.95M | 886.70M | 815.54M |
| Net Income | 623.61M | 668.26M | 623.76M | 560.70M | 418.19M | 345.85M |
Balance Sheet | ||||||
| Total Assets | 7.42B | 7.56B | 7.15B | 5.90B | 4.60B | 5.15B |
| Cash, Cash Equivalents and Short-Term Investments | 583.46M | 818.89M | 393.96M | 606.82M | 299.41M | 168.49M |
| Total Debt | 1.63B | 1.39B | 1.66B | 1.22B | 1.08B | 1.23B |
| Total Liabilities | 2.83B | 2.69B | 2.80B | 2.36B | 1.91B | 2.63B |
| Stockholders Equity | 4.55B | 4.84B | 4.29B | 3.53B | 2.94B | 2.51B |
Cash Flow | ||||||
| Free Cash Flow | 367.06M | 616.98M | -448.94M | 345.62M | 507.09M | 79.27M |
| Operating Cash Flow | 524.39M | 880.57M | 317.86M | 544.43M | 631.97M | 353.20M |
| Investing Cash Flow | -193.56M | -325.39M | -632.56M | -204.69M | -176.74M | -231.72M |
| Financing Cash Flow | -150.13M | -132.33M | 140.21M | -55.10M | -379.73M | -36.04M |
20 Microns Limited Technical Analysis
Positive
198.45
Price Trends
167.50
Positive
176.45
Positive
195.07
Positive
Market Momentum
2.89
Negative
65.67
Neutral
63.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:20MICRONS, the sentiment is Positive. The current price of 198.45 is above the 20-day moving average (MA) of 178.39, above the 50-day MA of 167.50, and above the 200-day MA of 195.07, indicating a bullish trend. The MACD of 2.89 indicates Negative momentum. The RSI at 65.67 is Neutral, neither overbought nor oversold. The STOCH value of 63.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:20MICRONS.
20 Microns Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹10.35B | 13.42 | ― | 0.38% | 22.93% | 18.28% | |
72 Outperform | ₹6.27B | 7.03 | ― | 0.63% | 4.50% | 7.12% | |
65 Neutral | ₹11.25B | 13.90 | ― | 0.52% | 21.13% | 18.86% | |
64 Neutral | ₹9.35B | 5.02 | ― | ― | 15.32% | 158.73% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹5.39B | 7.33 | ― | ― | 58.83% | ― | |
54 Neutral | ₹4.06B | 51.21 | ― | 0.13% | 6.69% | -29.48% |
* Basic Materials Sector Average
IN:20MICRONS
20 Microns Limited
196.85
-35.60
-15.32%
IN:BODALCHEM
Bodal Chemicals Limited
75.99
-0.53
-0.69%
IN:INDOBORAX
Indo Borax & Chemicals Limited
333.85
152.86
84.46%
IN:KHAICHEM
Khaitan Chemicals & Fertilizers Ltd.
56.18
-21.66
-27.83%
IN:SHIVALIK
Shivalik Rasayan Ltd
262.80
-317.90
-54.74%
IN:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers Ltd.
347.90
54.01
18.38%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.