20 Microns Ltd

20 Microns Ltd. – Company Report


1. Company Overview


20 Microns Ltd., incorporated in 1987 and headquartered in Vadodara, Gujarat, is India’s leading producer of micronized and nano-sized industrial minerals and specialty chemicals. Through a network of nine manufacturing facilities and five captive mines, the company serves diverse industries including paints and coatings, plastics, rubber, ceramics, paper, construction, water treatment, textiles, and agriculture. 20 Microns is ISO 9001:2015 certified, exports to more than 65 countries, and is noted for its focus on product innovation, customer service, and global presence.

Key Highlights:

  • Incorporation: 1987
  • Headquarters: Vadodara, Gujarat, India
  • Installed Capacity: 450,000+ MT per year
  • Certifications: ISO 9001:2015
  • Major Segments: Paint and coatings, plastics, rubber, ceramics, paper, textiles, construction, agriculture, water treatment, and more
  • Global Market: Exports to 65+ countries across Europe, Africa, Australia, Middle East, and Asia Pacific
  • Listed: BSE and NSE

2. Products and Services


20 Microns Ltd. offers a comprehensive portfolio across industrial minerals and specialty chemicals:

Micronized Industrial Minerals

  • Calcium carbonate (GCC/PCC), talc, dolomite, barite, kaolin, mica, quartz, white clay, bentonite, and others

Functional Additives and Chemicals

  • Rheology modifiers, magnesium/zinc oxide, flame retardants, titanium dioxide, opacifiers, fumed/precipitated silica, waxes, desiccants, mineral-based semi-reinforcing fillers, and more

Construction Chemicals & Fertilizers

  • Ready-mix mortars, tile adhesives, mineral-based agri fertilizers and micronutrients

End-User Sectors

  • Paints, coatings, plastics, rubber, ceramics, tires, paper, ink, adhesives, agriculture, construction, textiles, water treatment

B2B and B2C

  • Broad client network among industrial customers and a growing retail (MinFert) presence via dealers/distributors

Continuous R&D and technical support ensure that 20 Microns remains a leading solution provider for varied industrial and manufacturing requirements.


3. Recent News & Financial Performance


Recent Developments

  • July 18, 2024: 20 Microns announced that its subsidiary, 20 Microns SDN BHD, Malaysia has signed the share purchase agreements for acquisition of 100% equity shares of Goh Teik Lim Quarry SDN BHD and IQ Marbles SDN BHD for approximately RM 15,100,000 or ₹27 crore.
  • October 3, 2024: 20 Microns Limited has acquired 545,454 shares in its Malaysian subsidiary, 20 Microns SDN BHD, for approximately RM 120 million or ₹24.37 crore. The acquisition, announced today, maintains the parent company’s 99.99 per cent stake in the subsidiary.
  • November 19, 2024: Board of Directors of 20 Microns Limited had approved entering into a JV agreement with Sievert Baustoffe Auslandsbeteiligungen GmbH to establish a Joint Venture firm in India, where Silvert will own a 60% stake and 20 Microns will own a 40% stake in the new JV and has now incorporated a Joint Venture company in India named Sievert 20 Microns Building Materials Private Limited.
  • Ace investor Dolly Khanna increased her stake to 1.99% as of June 2025.

4. Financial Performance (FY2025)


Metric Value
Revenue ₹915 crore
Net Profit ₹62 crore
Operating Profit Margin (OPM) 13%
Reserves and Surplus ₹363.5 crore (as of March 2025)
Earnings Per Share (EPS) ₹17.68
Dividend Proposed ₹1.25 per share (FY2025)

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales0.871.24
EV / EBITDA7.5911.59
Debt / Equity0.380.59
ROE %16.3420.13
ROCE %19.1622.33
P / B1.853.31
Div Yld %0.550.65
P/E12.4519.94
OPM %12.8110
Qtr Sales Growth YOY %7.135.87
Qtr Profit Growth YOY %12.968.94
ROA LAST 12M %9.8311.1
Prom. Hold. %45.0462.68
Sales 3Yrs CAGR %14.1827.5
Sales 5Yrs CAGR %11.5131.02
Profit 3Yrs CAGR %2349.93
Profit 5Yrs CAGR %21.4653.39

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