Income Statement 20 Microns Limited

Equities

20MICRONS

INE144J01027

Specialty Chemicals

Market Closed - NSE India S.E. Other stock markets 07:40:49 2024-09-20 EDT			5-day change	1st Jan Change
301.65 ^INR	-0.79%		-0.89%	+71.20%

08-12	20 Microns Limited Announces Cessation of Ramkisan Devidayal and Atul Patel as Independent Directors	CI
07-26	20 Microns' Consolidated Profit Climbs in Fiscal Q1; Shares Soar 18%	MT

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Published financial data: 20 MICRONS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	5.29B	4.84B	6.13B	7.02B	7.77B
Other Revenues, Total	-	247K	184K	227K	432K
Total Revenues	5.29B	4.84B	6.13B	7.02B	7.78B
Cost of Goods Sold, Total	2.8B	2.55B	3.19B	3.64B	4.16B
Gross Profit	2.5B	2.29B	2.94B	3.37B	3.62B
Selling General & Admin Expenses, Total	510M	391M	526M	642M	696M
Provision for Bad Debts	293K	1.15M	1.18M	447K	5K
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	121M	134M	132M	133M	139M
Other Operating Expenses	1.32B	1.3B	1.62B	1.87B	1.86B
Other Operating Expenses, Total	1.95B	1.83B	2.28B	2.65B	2.7B
Operating Income	544M	459M	662M	726M	918M
Interest Expense, Total	-172M	-148M	-133M	-154M	-81.6M
Interest And Investment Income	7.63M	8.2M	6.23M	7.75M	10.49M
Net Interest Expenses	-165M	-139M	-127M	-147M	-71.11M
Income (Loss) On Equity Invest.	-	-	-133K	902K	1.53M
Currency Exchange Gains (Loss)	2.48M	-3.36M	515K	10.25M	5.81M
Other Non Operating Income (Expenses)	-38.51M	-103M	-66.52M	-19.11M	-78.15M
EBT, Excl. Unusual Items	343M	214M	469M	571M	776M
Gain (Loss) On Sale Of Assets	-732K	-3.53M	3.42M	-468K	-3.06M
Asset Writedown	-	-	-	-11K	-33K
Insurance Settlements	-	-	-	-	8.75M
Legal Settlements	-	-	-	-	-
Other Unusual Items	3.48M	7.28M	3.63M	993K	-11.44M
EBT, Incl. Unusual Items	346M	218M	476M	572M	770M
Income Tax Expense	104M	-12.51M	129M	152M	208M
Earnings From Continuing Operations	242M	230M	347M	420M	562M
Net Income to Company	242M	230M	347M	420M	562M
Minority Interest	-590K	-384K	-1.43M	-1.43M	-905K
Net Income - (IS)	241M	230M	346M	418M	561M
Net Income to Common Incl Extra Items	241M	230M	346M	418M	561M
Net Income to Common Excl. Extra Items	241M	230M	346M	418M	561M
Per Share Items
Net EPS - Basic	6.83	6.51	9.8	11.85	15.89
Basic EPS - Continuing Operations	6.83	6.51	9.8	11.85	15.89
Basic Weighted Average Shares Outstanding	35.29M	35.29M	35.29M	35.29M	35.29M
Net EPS - Diluted	6.83	6.51	9.8	11.85	15.89
Diluted EPS - Continuing Operations	6.83	6.51	9.8	11.85	15.89
Diluted Weighted Average Shares Outstanding	35.29M	35.29M	35.29M	35.29M	35.29M
Normalized Basic EPS	6.05	3.78	8.27	10.08	13.71
Normalized Diluted EPS	6.05	3.78	8.27	10.08	13.71
Dividend Per Share	0.6	-	-	0.75	1.25
Payout Ratio	8.78	-	-	-	4.72
Supplemental Items
EBITDA	653M	573M	776M	842M	1.04B
EBITA	546M	461M	662M	726M	918M
EBIT	544M	459M	662M	726M	918M
EBITDAR	677M	593M	809M	894M	1.1B
Total Revenues (As Reported)	5.32B	4.86B	6.15B	7.05B	7.82B
Effective Tax Rate - (Ratio)	30.03	-5.75	27.08	26.63	27.05
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	103M	62.35M	123M	158M	201M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	1.22M	-74.87M	6.26M	-6.15M	7M
Normalized Net Income	214M	133M	292M	356M	484M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	52.58M	34.06M	19.5M	16.01M	12.77M
Non-Cash Pension Expense	235K	784K	139K	-749K	1.28M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	27.16M	33.11M	18.7M	43.84M	30M
Net Rental Expense, Total	23.31M	20.72M	32.72M	51.32M	60.04M
Imputed Operating Lease Interest Expense	25.84M	21.41M	30.58M	54.95M	34.13M
Imputed Operating Lease Depreciation	-2.52M	-691K	2.14M	-3.63M	25.91M
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	61.06M	40.62M	127M	203M	487M
Short Term Investments	210K	3.14M	-	-	-
Total Cash And Short Term Investments	61.27M	43.76M	127M	203M	487M
Accounts Receivable, Total	821M	901M	1B	975M	1.26B
Other Receivables	-	43.86M	88.78M	56.85M	59.8M
Notes Receivable	42.43M	14.89M	11.25M	3.66M	32.13M
Total Receivables	863M	960M	1.1B	1.04B	1.35B
Inventory	977M	1.01B	1.29B	1.15B	1.13B
Prepaid Expenses	-	10.94M	19.66M	18.9M	19.33M
Other Current Assets, Total	262M	275M	199M	334M	338M
Total Current Assets	2.16B	2.3B	2.74B	2.74B	3.32B
Gross Property Plant And Equipment	3.23B	3.26B	3.43B	3.62B	3.76B
Accumulated Depreciation	-1.12B	-1.22B	-1.32B	-1.43B	-1.53B
Net Property Plant And Equipment	2.1B	2.04B	2.1B	2.19B	2.23B
Long-term Investments	18.29M	59.49M	88.55M	90.15M	174M
Goodwill	216K	216K	216K	216K	-
Other Intangibles, Total	16.92M	10.69M	16.14M	19.07M	15M
Loans Receivable Long-Term	37.06M	31.21M	-	-	-
Deferred Tax Assets Long-Term	7.31M	7.05M	12.72M	13.93M	13.64M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	100M	76.98M	194M	182M	146M
Total Assets	4.45B	4.52B	5.15B	5.24B	5.9B
Liabilities
Accounts Payable, Total	880M	938M	987M	788M	620M
Accrued Expenses, Total	47.96M	105M	96.92M	129M	168M
Short-term Borrowings	658M	624M	745M	673M	870M
Current Portion of Long-Term Debt	149M	153M	172M	161M	167M
Current Portion of Leases	9.59M	17.25M	17.62M	16.72M	20.22M
Current Income Taxes Payable	797K	47K	7.87M	4.64M	16.98M
Other Current Liabilities	76.53M	34.43M	28.61M	25.5M	33.06M
Total Current Liabilities	1.82B	1.87B	2.05B	1.8B	1.9B
Long-Term Debt	389M	237M	285M	186M	124M
Long-Term Leases	38.49M	12.12M	10.4M	42.38M	37.27M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	311M	248M	268M	263M	289M
Other Non Current Liabilities	900K	2.65M	11.02M	4.22M	11.52M
Total Liabilities	2.56B	2.37B	2.63B	2.29B	2.36B
Common Stock, Total	176M	176M	176M	176M	176M
Additional Paid In Capital	397M	397M	395M	395M	395M
Retained Earnings	1.29B	1.53B	1.88B	2.29B	2.83B
Comprehensive Income and Other	11.17M	42.42M	67.51M	72.31M	132M
Total Common Equity	1.88B	2.14B	2.51B	2.94B	3.53B
Minority Interest	7.5M	7.68M	9.1M	10.52M	11.44M
Total Equity	1.89B	2.15B	2.52B	2.95B	3.54B
Total Liabilities And Equity	4.45B	4.52B	5.15B	5.24B	5.9B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	35.29M	35.29M	35.29M	35.29M	35.29M
ECS Total Common Shares Outstanding	35.29M	35.29M	35.29M	35.29M	35.29M
Book Value / Share	53.22	60.78	71.27	83.2	100.03
Tangible Book Value	1.86B	2.13B	2.5B	2.92B	3.51B
Tangible Book Value Per Share	52.74	60.47	70.81	82.66	99.6
Total Debt	1.24B	1.04B	1.23B	1.08B	1.22B
Net Debt	1.18B	999M	1.1B	875M	731M
Debt Equivalent of Unfunded Proj. Benefit Obligation	15.35M	5.23M	-7.56M	1.85M	6.58M
Debt Equivalent Oper. Leases	187M	166M	262M	411M	480M
Minority Interest, Total (Incl. Fin. Div)	7.5M	7.68M	9.1M	10.52M	11.44M
Equity Method Investments, Total	-	-	2.12M	3.02M	4.55M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	654M	672M	962M	837M	794M
Inventories - Finished Goods, Total	238M	241M	247M	239M	248M
Inventories - Others	85.36M	92.14M	81.02M	77.32M	86.81M
Land - (BS)	389M	380M	380M	393M	368M
Buildings, Total	552M	622M	638M	663M	700M
Machinery, Total	2.12B	2.18B	2.28B	2.37B	2.43B
Full Time Employees	403	329	320	346	384
Accumulated Allowance for Doubtful Accounts (Supple)	21.09M	20.47M	18.56M	18.1M	15.86M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	241M	230M	346M	418M	561M
Depreciation & Amortization - CF	122M	132M	135M	135M	140M
Amortization of Goodwill and Intangible Assets - (CF)	2.38M	2.23M	4K	-	703K
Depreciation & Amortization, Total	124M	134M	135M	135M	141M
Amortization of Deferred Charges, Total - (CF)	1.11M	1.75M	1.67M	3.4M	2.46M
(Gain) Loss From Sale Of Asset	732K	8.21M	655K	468K	3.06M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-514K	-585K
Provision and Write-off of Bad Debts	-840K	5.73M	1.18M	458K	39K
Other Operating Activities, Total	204M	154M	214M	151M	175M
Change In Accounts Receivable	-120M	-86.9M	-101M	26.43M	-282M
Change In Inventories	-141M	-28.51M	-284M	137M	24.1M
Change In Accounts Payable	221M	59.3M	62.82M	-207M	-168M
Change in Other Net Operating Assets	-102M	43.62M	-23.45M	-32.11M	87.74M
Cash from Operations	428M	520M	353M	632M	544M
Capital Expenditure	-166M	-105M	-274M	-125M	-199M
Sale of Property, Plant, and Equipment	4.61M	16.17M	39.41M	10.32M	2.61M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	529K	-	561K	60K	-
Other Investing Activities, Total	20.69M	-2.82M	2.24M	-62.24M	-8.47M
Cash from Investing	-140M	-91.26M	-232M	-177M	-205M
Short Term Debt Issued, Total	15.18M	-	141M	-	199M
Long-Term Debt Issued, Total	-	-	48.11M	-	-
Total Debt Issued	15.18M	-	189M	-	199M
Short Term Debt Repaid, Total	-	-31.26M	-	-83.2M	-
Long-Term Debt Repaid, Total	-80.76M	-167M	-21.44M	-119M	-62.6M
Total Debt Repaid	-80.76M	-198M	-21.44M	-202M	-62.6M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-21.17M	-	-	-	-26.46M
Common & Preferred Stock Dividends Paid	-21.17M	-	-	-	-26.46M
Other Financing Activities, Total	-215M	-255M	-204M	-178M	-165M
Cash from Financing	-302M	-453M	-36.04M	-380M	-55.1M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-2K
Net Change in Cash	-13.97M	-23.43M	85.45M	75.5M	285M
Supplemental Items
Cash Interest Paid	172M	148M	133M	154M	81.6M
Cash Income Tax Paid (Refund)	99.69M	69.32M	115M	160M	179M
Levered Free Cash Flow	59.11M	149M	-120M	266M	66.4M
Unlevered Free Cash Flow	167M	242M	-36.81M	363M	117M
Change In Net Working Capital	132M	76.59M	313M	104M	401M
Net Debt Issued / Repaid	-65.58M	-198M	168M	-202M	136M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.01	6.4	8.55	8.73	10.3
Return on Total Capital	11.22	9.08	11.91	11.67	13.06
Return On Equity %	13.55	11.4	14.85	15.34	17.31
Return on Common Equity	13.58	11.42	14.84	15.34	17.34
Margin Analysis
Gross Profit Margin %	47.16	47.34	48.02	48.08	46.51
SG&A Margin	9.63	8.1	8.57	9.14	8.95
EBITDA Margin %	12.34	11.84	12.66	12	13.32
EBITA Margin %	10.31	9.54	10.79	10.35	11.81
EBIT Margin %	10.27	9.5	10.79	10.35	11.8
Income From Continuing Operations Margin %	4.57	4.76	5.66	5.98	7.22
Net Income Margin %	4.56	4.75	5.64	5.96	7.21
Net Avail. For Common Margin %	4.56	4.75	5.64	5.96	7.21
Normalized Net Income Margin	4.04	2.76	4.76	5.07	6.22
Levered Free Cash Flow Margin	1.12	3.09	-1.95	3.79	0.85
Unlevered Free Cash Flow Margin