20 Microns Ltd.

Financial

	20 Microns	Aarti Drugs	Kronox Lab Sciences
Operational Metrics
Metals
Reserves - China Clay	81.79 Lakh Tons	n/a	n/a
Reserves - Dolomite Mine	36.83 Lakh Tons	n/a	n/a
Reserves - Calcite Mine	8.34 Lakh Tons	n/a	n/a
Reserves - Limestone Mines	10.3 Lakh Tons	n/a	n/a
Reserves - Bentonite Mines	32.37 Lakh Tons	n/a	n/a
Reserves - Diatomite Mines	1.0 Lakh Tons	n/a	n/a
Financials
5 yr Average ROE	13.49 %	20.52 %	35.75 %
5yr average Equity Multiplier	2.04	2.24	1.33
5yr Average Asset Turnover Ratio	1.19	1.14	1.64
5yr Avg Net Profit Margin	5.62 %	8.19 %	16.51 %
Price to Book	2.16	3.91	8.6
P/E	13.6	29.22	26.71
5yr Avg Cash Conversion Cycle	43.96 Days	83.04 Days	52.26 Days
Inventory Days	64.43 Days	64.18 Days	30.94 Days
Days Receivable	52.28 Days	108.5 Days	84.69 Days
Days Payable	98.4 Days	92.79 Days	67.8 Days
5yr Average Interest Coverage Ratio	3.54	8.87	107.66
5yr Avg ROCE	21.38 %	23.42 %	46.71 %
5yr Avg Operating Profit Margin	13.11 %	14.88 %	25.08 %
5 yr average Debt to Equity	0.45	0.58	0.01
5yr CAGR Net Profit	18.38 %	13.13 %	11.3 %
5yr Average Return on Assets	6.78 %	9.44 %	27.01 %
Shareholdings
Promoter Holding	44.95 %	57.13 %	n/a
Share Pledged by Promoters	0.0	0.0	n/a
Change in Promoter Holding (3 Yrs)	0.12 %	-3.07 %	n/a
Change in Mutual Fund Holding (3 Yrs)	0.0	3.49 %	n/a

Business

	20 Microns	Aarti Drugs	Kronox Lab Sciences
Product Wise Break-Up	Product Wise Break-Up Minerals 99.3 Specialty Chemicals 0 Talc 0 China Clay/ Kaolin 0 Calcium Carbonate 0 Intermediates 0 Speciality Chemicals 0 Formulation 0 API 0 Speciality Fine Chemicals 0 Others 0.7	Product Wise Break-Up Formulations 11.0 Intermediates 3.0 Specialty Chemicals 0 Active Pharmaceutical Ingredient (API) 81.0 Minerals 0 China Clay/ Kaolin 0 Talc 0 Speciality Chemical Intermediates 5.0 Speciality Fine Chemicals 0 Calcium Carbonate 0	Product Wise Break-Up Formulation 0 Intermediates 0 Specialty Chemicals 0 API 0 Minerals 0 China Clay/ Kaolin 0 Talc 0 Speciality Chemicals 0 Speciality Fine Chemicals 100.0 Calcium Carbonate 0
Location Wise Break-Up	Location Wise Break-Up India 86.86 Rest of the World 13.14 Europe 0 North America 0 Latin America 0 Africa 0 Asia 0 USA 0	Location Wise Break-Up Latin America 10.0 USA 0 Europe 14.0 India 0 North America 8.0 Asia Pacific 57.0 Africa 11.0 Rest of the World 0	Location Wise Break-Up Latin America 0 USA 20.81 Europe 0 India 74.93 North America 0 Asia 0 Africa 0 Rest of the World 4.26