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20 Microns Limited
(20MICRONS)
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Rating:71Outperform
Price Target:
₹228.00
▲(11.46% Upside)
Action:Reiterated
Date:06/24/26
The score is driven primarily by solid financial performance (steady profitability and improving leverage), supported by an attractive valuation (low P/E). Technicals add moderate support as the price is above key moving averages, but mixed momentum and the company’s slower post-2024 growth, margin variability, and uneven free-cash-flow history cap the overall score.
Positive Factors
Diversified industrial applications
Serving multiple downstream industries diversifies the company’s demand base and reduces reliance on one end market. Its micronized minerals and tailored fillers also support recurring B2B use where consistent specifications and application performance can encourage repeat orders.
Negative Factors
Growth has decelerated
The sharp slowdown from strong 2022–2024 expansion to near-flat and low-single-digit growth raises concern that recent market or volume momentum has weakened. Slower top-line expansion can limit operating leverage, reduce reinvestment capacity, and make future earnings growth more dependent on mix or efficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified industrial applications
Serving multiple downstream industries diversifies the company’s demand base and reduces reliance on one end market. Its micronized minerals and tailored fillers also support recurring B2B use where consistent specifications and application performance can encourage repeat orders.
Read all positive factors
20 Microns Limited (20MICRONS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.36B
Dividend Yield0.6%
Average Volume (3M)14.33K
Price to Earnings (P/E)10.8
Beta (1Y)1.16
Revenue Growth2.37%
EPS Growth10.38%
CountryIN
Employees413
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)19.20
Shares Outstanding35,286,503
10 Day Avg. Volume11,822
30 Day Avg. Volume14,330
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
Founded in 1987 and based in Vadodara, India, 20 Microns Limited operates as a leading Indian producer and exporter of micronized industrial minerals and specialized chemical additives. The company offers an extensive portfolio of industrial miner...
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 | 9.51B | 9.54B | 9.17B | 7.76B | 7.02B | 6.11B |
| Gross Profit | 3.41B | 3.41B | 4.31B | 2.77B | 3.24B | 2.20B |
| EBITDA | 1.27B | 1.28B | 1.21B | 994.95M | 886.70M | 815.54M |
| Net Income | 677.47M | 668.26M | 623.76M | 560.70M | 418.19M | 345.85M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 7.56B | 7.15B | 5.90B | 4.60B | 5.15B |
| Cash, Cash Equivalents and Short-Term Investments | 735.84M | 818.89M | 393.96M | 606.82M | 299.41M | 168.49M |
| Total Debt | 0.00 | 1.56B | 1.66B | 1.22B | 1.08B | 1.23B |
| Total Liabilities | -4.87B | 2.69B | 2.80B | 2.36B | 1.91B | 2.63B |
| Stockholders Equity | 4.87B | 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
Neutral
204.55
Price Trends
203.52
Positive
193.76
Positive
186.02
Positive
Market Momentum
4.36
Positive
48.86
Neutral
21.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:20MICRONS, the sentiment is Neutral. The current price of 204.55 is below the 20-day moving average (MA) of 212.46, above the 50-day MA of 203.52, and above the 200-day MA of 186.02, indicating a neutral trend. The MACD of 4.36 indicates Positive momentum. The RSI at 48.86 is Neutral, neither overbought nor oversold. The STOCH value of 21.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:20MICRONS.
20 Microns Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹51.83B | 12.75 | ― | 0.18% | 62.64% | 17.34% | |
78 Outperform | ₹14.61B | 8.11 | ― | 0.59% | 19.19% | 487.80% | |
71 Outperform | ₹7.36B | 10.83 | ― | 0.60% | 2.37% | 10.38% | |
65 Neutral | ₹5.03B | 11.73 | ― | 1.55% | 5.48% | 35.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹21.66B | 31.64 | ― | 0.13% | 27.57% | 135.05% |
* General Sector Average
IN:20MICRONS
20 Microns Limited
208.50
-15.52
-6.93%
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0.90%
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.