20MICRONSCommodities

20 Microns Limited

Industrial Minerals · ISIN INE144J01027 · BSE 533022 · NSE EQ · FV ₹5
Last price
₹181
+3.57%today
What this company does

20 Microns Limited operates in Industrial Minerals, part of the Commodities sector. It booked ₹238 cr of revenue in its latest quarter (Q2 FY27) and kept 5.7% of sales as profit. It is the 8th largest of 9 Industrial Minerals companies we track, by market value.

68out of 100
Equitytale Health Score
Solid

Healthier than 68% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 42–176 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns56

How much profit it earns on the money it employs

Balance sheet50

How much it owes, and whether earnings cover the interest

Cash quality69

Whether reported profit actually arrives as cash

Growth & consistency84

Whether sales and profit have grown, and how steadily

Valuation73

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 45%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 5.7% net margin
! Profit down 21% vs last year

What if I invest in 20MICRONS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹181▲ +3.57%
latest close · 2026-11-04
1-year return
+187.6%
52-wk low ₹5452-wk high ₹234
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.7Low
LowAverageHigh
P/B ratio1.25Moderate
Below bookModerateHigh
EV / EBITDA6.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.7%Fair
WeakFairStrong ▸15%
Return on capital16.9%Strong
WeakFairStrong
Net margin5.7%Decent
ThinDecentStrong
EBITDA margin12.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.28Comfortable
LowModerateHigh ▸1
Interest cover5.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.88Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹639 cr
Book value
₹145
EPS
₹3.87
latest quarter
Net debt
₹119 cr
owes more than its cash
Enterprise value
₹758 cr
EBITDA
₹116 cr
annualised
EBIT
₹95 cr
annualised
Operating margin
9.9%
Return on assets
6.9%
Earnings yield
8.55%
P/S
0.67
Sales / share
₹270.0
Tax rate
28.6%
Face value
₹5
Shares
3.5 cr
Working capital
₹203 cr
Current assets
₹434 cr
Current liabilities
₹231 cr
Delivery %
42.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Slightly expensiveHigh confidence
Median of 3 models ₹156 vs market price ₹181 — price is 16% above it
Safety cushion-16.3%(target ≥ +20%)
Models span ₹119–₹235, midpoint ₹156
Model ₹156
Price ₹181
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹238 cr
Other Income₹1 cr
Total Income₹239 cr
Cost of Materials₹132 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-10 cr
Employee Benefit Expense₹23 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹63 cr
Total Expenses₹220 cr
Profit before Tax₹19 cr
Tax Expense₹6 cr
Share of JV / Associates₹-25.3 L
Net Profit₹14 cr
Net margin on total income5.7%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹124 cr52.0%
Employee benefit expense₹23 cr9.8%
Finance costs₹4 cr1.8%
Depreciation & amortisation₹5 cr2.3%
Other expenses₹63 cr26.2%
Tax expense₹6 cr2.3%
Profit for the period₹14 cr5.7%
Total income ₹239 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue261 cr245 cr238 cr
Total income263 cr246 cr239 cr
Expenses238 cr222 cr220 cr
Profit before tax25 cr24 cr19 cr
Tax7 cr6 cr6 cr
Net profit (owners' share)18 cr18 cr14 cr
Net margin (owners' share, on revenue)6.7%7.3%5.7%
EPS (₹)4.995.043.87
YoY (latest quarter): total income +3.1% · net profit -21.4%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹792 cr
Shareholder equity
₹511 cr
parent shareholders
Total debt
₹145 cr
Cash
₹26 cr
Cash flow · H1 FY27
Operating
₹25 cr
Investing
₹-57 cr
Financing
₹-15 cr
Peer comparison
Industrial Minerals · by market value
CompanyPriceMarket capP/E
Lloyds Metals And Energy Limited₹1,780₹1.00 L cr14.5
NMDC Limited₹68₹59,960 cr7.6
Gujarat Mineral Development Corporation Limited₹426₹13,534 cr19.8
Gravita India Limited₹1,400₹10,334 cr25.0
MOIL Limited₹203₹4,823 cr23.4
Ashapura Minechem Limited₹418₹3,990 cr8.6
The Orissa Minerals Development Company Limited₹3,175₹1,905 cr138.1
20 Microns Limitedthis company₹175₹617 cr11.3
Goa Carbon Limited₹407₹372 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.69%
trailing 12 months
Dividend / share (TTM)
₹1.25
Last dividend
₹1.25
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹1.25 / share17 Jul 2026
Dividend₹1.25 / share24 Jul 2025
Dividend₹1.25 / share12 Jul 2024
Dividend₹0.75 / share26 Jul 2023
Dividend₹0.6 / share19 Mar 2020
Dividend₹0.35 / share10 Sep 2018
Who owns it · 2026-09-30
No pledge
Promoter
45.0%
FII / Foreign
1.0%
DII / Domestic
0.1%
Retail / others
53.9%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtIONIX ADVANCED MATERIALS PRIVATE LIMITED · Promoter Group1,900 · ₹4.4 L26 Dec 24
BoughtIONIX ADVANCED MATERIALS PRIVATE LIMITED · Promoter Group5,000 · ₹11.4 L24 Dec 24
BoughtIONIX ADVANCED MATERIALS PRIVATE LIMITED · Promoter Group2,500 · ₹5.8 L23 Dec 24
Bulk / block deals
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE1.86 L @ ₹213.4823 Jun 26
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE1.86 L @ ₹213.5123 Jun 26
BoughtQE SECURITIES LLP · NSE2.61 L @ ₹209.0323 Jun 26
Stake changes
BoughtEriez Industries Private Limited · promoter→ 24.47% · 18,50020 Sep 23
BoughtEriez Industries Private Limited · promoter→ 24.41% · 23,00018 Sep 23
BothRAJESH C PARIKH · promoter→ 5.73%28 Nov 22
Promoter pledges
ReleasedSTATE BANK OF INDIA15.50 L · 4.39% held11 Mar 22
ReleasedSTATE BANK OF INDIA5.60 L · 1.58% held11 Mar 22
ReleasedSTATE BANK OF INDIA5.60 L · 1.58% held11 Mar 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Mar 2026
See the official result
1
Advancing loans, giving guarantees and/or providing securities to body corporate(s) in which Directors are interested pursuant to Section 185 of the Companies Act, 2013.
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 73% of shareholders other than promotersneeded 75%
20.59 L votes for, 7.55 L against · 100% of mutual funds and other big investors said no
2
Appointment of Ms. Vedika Parikh as Strategy & Transformation Associate (AI + Finance)
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
27.12 L votes for, 98,853 against · 100% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 45.0% between them · as of 2026-09-30
IONIX ADVANCED MATERIALS PRIVATE LIMITED24.56%
ILABEN CHANDRESH PARIKH9.02%
ATIL CHANDRESH PARIKH5.73%
RAJESH CHANDRESH PARIKH5.73%
VEDIKA RAJESH PARIKHno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹8 cr to companies in the promoter group last year — about 0.8% of its ₹954 cr revenue and received ₹0.42 L back from them.
RAJESH CHANDRESH PARIKH
Other payments to them · Short-term  employee  benefits, other  long-term  benefits, Purchase of Shares
also owns 5.73% of the company
₹4 cr
company paid
ATIL CHANDRESH PARIKH
Other payments to them · short-term  employee  benefits, other  long-term  benefits, Interest on Deposit, Purchase of Shares, Deposit Outstanding
also owns 5.73% of the company
₹4 cr
company paid
ATIL CHANDRESH PARIKH
Contribution made to them · short-term  employee  benefits, other  long-term  benefits, Interest on Deposit, Purchase of Shares, Deposit Outstanding
also owns 5.73% of the company
₹55.4 L
company paid
Ionix Advanced Materials Private Limited
Other income from them · RENT RECEIVED
also owns 24.56% of the company
₹0.42 L
company received
RAJESH CHANDRESH PARIKH
Contribution made to them · Short-term  employee  benefits, other  long-term  benefits, Purchase of Shares
also owns 5.73% of the company
₹0.25 L
company paid

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.