20 Microns Limited submitted its earnings presentation for the fourth quarter and full year ended March 31, 2026 (FY 2025-26) to BSE Ltd. and National Stock Exchange of India Ltd. The document was signed by Komal Pandey, Company Secretary & Compliance Officer, on May 25, 2026.

Q4 FY26 Consolidated Financial Results

The company reported consolidated financial results for Q4 FY26:

  • Revenue from Operations: ₹2,610.6 million, representing a 21.5% quarter-on-quarter (QoQ) increase and a 14.8% year-on-year (YoY) increase.
  • Total Income: ₹2,631.5 million (QoQ +21.6%, YoY +15.6%).
  • Operating Expenses: ₹2,293.0 million (QoQ +22.6%, YoY +15.6%).
  • EBITDA (Excluding OI & EI): ₹317.7 million (QoQ +14.6%, YoY +9.6%).
  • EBITDA Margin: 12.2%, a decrease of 73 basis points QoQ and 57 basis points YoY.
  • Finance Cost: ₹39.2 million (QoQ -3.9%, YoY -17.8%).
  • Depreciation & Amortization: ₹51.8 million (QoQ +5.8%, YoY +4.4%).
  • Profit Before Tax (PBT): ₹246.2 million (QoQ +22.8%, YoY +28.0%).
  • Profit After Tax (PAT): ₹175.9 million (QoQ +18.3%, YoY +15.6%).
  • Earnings Per Share (EPS): ₹4.99 (QoQ +17.7%, YoY +15.8%).

For the full year FY26, consolidated revenues were ₹9,538.3 million, a growth of 4.5%, while PAT grew by 6.7%.

Management Commentary

The management cited a resilient performance despite a challenging environment marked by subdued paint industry demand, prolonged monsoon impact on post-Diwali offtake, and geopolitical uncertainties from the West Asia conflict. EBITDA margins remained stable at 12.9% for the year, driven by a favorable product mix and cost management.

The company has undergone significant transformation over five years, doubling revenues and nearly tripling profits. It is now focused on its next growth phase through capacity expansion, value-added products, operational efficiencies, and deeper market penetration.

Business Segments & Strategy

The paints segment remained the largest revenue contributor at 46%. The plastics and rubber segments showed encouraging traction, with rubber performing strongly. The strategy is to increase the share of high-value and specialty products across plastics, rubber, construction chemicals, ceramics, and performance minerals to enhance margins.

Capital Expenditure (CAPEX) & Future Outlook

A ₹100 crore CAPEX program was announced for deployment over the next 24 months. The breakdown includes:

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

The funding will be through a balanced mix of internal accruals and selective debt. The Malaysia capacity expansion targets an annual production capacity of 1.08 lakh MT and quarrying capacity of 0.96 lakh MT by mid-FY2028.

Financial targets include an 18% Revenue CAGR over the next 3 years, a 200–250 bps EBITDA margin expansion, and ROCE improvement to 18–20%. The company aims for a 20%+ market share in high-value products by FY2030.

Global Expansion & Joint Ventures

The gradual ramp-up of the Malaysia facility and progress in the construction chemicals joint venture with Sievert SE are noted. The company expanded its global presence through:

  • The establishment of 20Microns JSC in Vietnam for Calcium Carbonate manufacturing.
  • An exclusive distribution deal with Dorfner GmBH Germany for Hydrous Kaolin across Europe.
  • The acquisition of 100% equity interest in GTLQ SDN BHD and IQ Marbles SDN BHD in Malaysia.
  • The incorporation of a new JV company, Sievert 20 Microns Building Materials Private Limited.

Operational Highlights & Exhibitions

The company participated in key industry exhibitions:

  • PaintIndia 2026 (Feb 19-21, Mumbai): Showcased advanced mineral-based functional additives for paints & coatings.
  • PlastIndia 2026 (Feb 5-10, New Delhi): Exhibited Functional Fillers & Specialty Additives for Polymers.

New manufacturing capacities were added:

  • Vadadala: 18,000 TPA capacity.
  • Hosur: 15,000 TPA capacity, diversified into Kaolin and introduced a Pozzolanic material.
  • Alwar: 6,000 TPA capacity.
  • Tirunelveli: 6,000 TPA capacity.

The company's state-of-the-art R&D Centre at Waghodia, Vadodara is recognized and approved by DSIR, Govt. of India.

Shareholder Information & Corporate Details

  • Face Value: ₹5
  • 52 Week High/Low: ₹284 / ₹130
  • Market Cap: ₹6250 million
  • P/E Multiple: 9.31
  • Total Equity Shares: 3,52,86,502
  • Free Float: 54.4%

One-year share price return for 20 Microns was -25.6% compared to -7.9% for the Sensex.

Key Personnel

  • Mr. Rajesh C. Parikh: Chairman & Managing Director
  • Mr. Atil C. Parikh: CEO & Managing Director
  • Mrs. Komal Pandey: Company Secretary & Compliance Officer

Investor Contacts

  • Mrs. Komal Pandey: +91 94298 96036, co_secretary@20microns.com
  • Muthukumar K: +91 98671 91576, muthukumar@wisdomsmith.com
  • Siddharth Raj Nair: +91 96996 63366, siddharth@wisdomsmith.com