Key Financial Figures (Consolidated, Q4 FY26)

Profit & Loss (₹ Million):

  • Revenue from Operations: ₹2,610.6 Mn (Q3FY26: ₹2,148.2 Mn; Q4FY25: ₹2,274.1 Mn)
  • Total Income: ₹2,631.5 Mn (Q3FY26: ₹2,163.7 Mn; Q4FY25: ₹2,276.4 Mn)
  • Operating Expenses: ₹2,293.0 Mn (Q3FY26: ₹1,871.0 Mn; Q4FY25: ₹1,984.2 Mn)
  • EBITDA (Excluding OI & EI): ₹317.7 Mn (Q3FY26: ₹277.2 Mn; Q4FY25: ₹289.8 Mn)
  • EBITDA Margin: 12.2% (Q3FY26: 12.9%; Q4FY25: 12.7%)
  • Finance Cost: ₹39.2 Mn (Q3FY26: ₹40.8 Mn; Q4FY25: ₹47.7 Mn)
  • Depreciation & Amortization: ₹51.8 Mn (Q3FY26: ₹49.0 Mn; Q4FY25: ₹49.6 Mn)
  • Profit Before Tax (PBT): ₹246.2 Mn (Q3FY26: ₹200.5 Mn; Q4FY25: ₹192.3 Mn)
  • Profit After Tax (PAT): ₹175.9 Mn (Q3FY26: ₹148.7 Mn; Q4FY25: ₹152.1 Mn)
  • Earnings Per Share (EPS): ₹4.99 (Q3FY26: ₹4.24; Q4FY25: ₹4.31)

Quarterly Changes:

  • Revenue QoQ Change: +21.5%; YoY Change: +14.8%
  • PAT QoQ Change: +18.3%; YoY Change: +15.6%
  • EPS QoQ Change: +17.7%; YoY Change: +15.8%

Full Year FY26 Performance:

  • Consolidated Revenue: ₹9,538.3 Mn (Growth: +4.5%)
  • PAT: Growth of +6.7% (absolute figure not provided in disclosure)

Management Commentary & Operational Context

Management cited a challenging operating environment for FY2025-26 due to subdued paint industry demand, prolonged monsoon impact on post-Diwali offtake, and geopolitical uncertainties from the West Asia conflict. Despite this, the company delivered a resilient performance focused on profitability over low-margin growth.

Over the last five years, the company has undergone significant transformation, doubling its revenues and nearly tripling its profits. It has scaled from annual revenues of just over ₹100 crore in FY2008 to approaching the ₹1,000 crore milestone in FY2026.

Business Segment Contribution:

The paints segment remained the largest revenue contributor at 46%. The plastics and rubber segments demonstrated encouraging traction, with the rubber segment delivering a particularly strong performance during the year.

Strategic Updates & Future Outlook

CAPEX Plan:

A ₹100 crore CAPEX program was announced, to be deployed over the next 24 months. The investment breakdown includes:

  • India Facilities (Existing & New)
  • Malaysian Operations
  • Sievert JV (Construction chemicals)
  • R&D/ESG initiatives

Funding: The plan will be funded through a balanced mix of internal accruals and selective debt.

Growth Targets & Guidance:

  • Revenue CAGR of 18% over the next 3 years.
  • EBITDA Margin Expansion of 200–250 bps through scale efficiencies.
  • ROCE Improvement to 18–20% driven by better capital productivity.
  • Sustained Double-Digit Growth backed by strategic investments.
  • Target of 20%+ market share in high-value products by FY2030.

Malaysia Operations: Targeting an annual production capacity of 1.08 lakh MT and quarrying capacity of 0.96 lakh MT by mid-FY2028.

Focus Segments: Paints & coatings, plastics & rubber, inks, and specialty products.

Recent Business Developments & JVs

  • Malaysia Acquisition: Entered into definitive agreements to acquire 100% equity interest in GTLQ SDN BHD and IQ Marbles SDN BHD, limestone extraction and processing businesses in Ipoh, Malaysia.
  • Construction Chemicals JV: A new joint venture company was incorporated as Sievert 20 Microns Building Materials Private Limited for construction chemicals and building-related products.
  • European Distribution: Inked a deal with Dorfner GmBH Germany as the exclusive distributor of Hydrous Kaolin across Europe.

Operational & Manufacturing Highlights

  • New manufacturing location at Vadadala with 18,000 TPA capacity.
  • New manufacturing location at Hosur (South India) with 15,000 TPA capacity; diversified into Kaolin and introduced a Pozzolanic material.
  • Established a state-of-the-art R&D Centre at Waghodia, Vadodara, recognized and approved by DSIR, Govt. of India.

Shareholder Information & Corporate Details

  • Face Value (₹): 1
  • 52 Week High: ₹284; 52 Week Low: ₹130
  • Market Cap (₹ Mn.): 6,250
  • Price to Earning Multiple (PE): 9.31
  • Equity Shares: 3,52,86,502
  • Free Float (%): 54.4%

One Year Share Price Return (as of presentation date):

  • 20 MICRONS LTD: -25.6%
  • Sensex: -7.9%

For further information, contact:

  • Mrs. Komal Pandey, Company Secretary & Compliance Officer: +91 94298 96036, co_secretary@20microns.com