_MINING to MICRONISING to SUBMICRON to NANOSIZING_
*20 Microns Ltd*
Stock is being recommended as 20Microns is engaged in Mining to Minerals and Chemicals
20Microns has _Calcite mines and Kaolin mines at SIX locations with reserves of 76000000 tonned_
Company is producing Ultrafine Calcium carbonate, Aluminium Silicates and Synthetic Barium Sulphates for Paint and Construction industry
20 Microns has *7 mfg locations with capacity of 125000 tons*
Financial Performance;
H1FY17 H1FY16
Sales. 200. 179
NP. 9.44. 3.76
Equity. 17.64
FV RS. 5
EPSRs. 2.70. 1.08
20MICRONS has reported bumper results for H1.
*Sales up only 12% but NP has spurted by 150% to 9.44 cr, despite more than 100% rise in income tax*
_H1 NP is more than NP of entire FY16_
20Microns is only listed co in this space
With diversified plant locations and mines also located at different locations, co has unique logistics advantage. With user industry growing at rapid pace, 20MICRONS has *bright future*
20MICRONS should report EPS of 6.50 for FY17 and Rs 8.50 for FY18
*TP Rs 125 in 18 months*
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