20 Microns Ltd, incorporated in 1987, is India's sole and largest manufacturer of micronized to nano-sized minerals, specializing in industrial micronized minerals and specialty chemicals. The company stands as India's largest producer of ultrafine industrial minerals and specialty chemicals, offering a diverse and innovative product range. Established in 1987, 20 Microns has grown to become a multi-product firm with presence in 47 countries across Europe, Africa, Australia and Asia Pacific.
20 Microns Limited pioneered the organized concept of micronization in India, tapping various different industrial micronized and sub-micronized minerals under its portfolio. The company has evolved from basic mining operations to sophisticated micronization processes, eventually advancing to nano-sizing technology, setting industry standards for quality and innovation.
Being a leader in mineral-based specialties and using sophisticated technical processes, 20 Microns transforms a large variety of minerals into high-value specialty products essential for its customers' products or manufacturing processes. The company offers products like calcium carbonate, talc, and bentonite, serving industries such as paints, plastics, and pharmaceuticals, providing high-quality mineral solutions for both domestic and global markets.
The product mix reveals strong diversification: 51% towards the paint industry, about 22% for the plastic industry, about 7-8% for the rubber industry, and the balance for other smaller industries. The company's white minerals are used in paint and powder coating, plastic, textiles, rubber, paper textiles and sealants industry.
The company is diversifying into semiconductors, EV development and batteries. While the development is still ongoing and will take few quarters to develop these niche products, the company is in the research and development phase and working with international laboratories to create the right product for the Indian and international market.
The company has consistently increased its production capacity to 85,500 MT of dry ground minerals, 33,500 MT of wet ground minerals, 7,500 MT of specialty chemicals and 4,350 MT of china clay after its amalgamation with four firms from 1998 to 2002. The company maintains a strong presence across the country with dedicated regional divisions for commercial distribution and technical assistance along with a vast network and infrastructure.
With the best manufacturing practices and ultra-modern R&D centers, the international business forms one-fourth of the company's business with a firm presence in many countries across Europe, Africa, Australia, South America and Asia Pacific. The company's operations are backwards integrated to some extent, procuring raw materials from mines it owns and also sources minerals from internationally owned mines and imports from sourcing centers like Turkey, Egypt and China to meet international demand for specialty chemicals.
The market capitalization of 20 Microns Ltd stands at ₹809.15 crore as of June 6, 2025. For the quarter ended March 2025, sales rose 7.10% to ₹227.41 crore against ₹212.34 crore in the previous quarter ended March 2024. For the full year, net profit rose 11.25% to ₹62.38 crore in the year ended March 2025 against ₹56.07 crore in the previous year ended March 2024.
The Board of Directors recommended a final dividend of ₹1.25 per equity share (25%) for the financial year 2025, subject to shareholder approval. Promoter holding stands at 45.04% as of March 2025.
* Revenue (FY25): ₹913 crore
* Net Profit (FY25): ₹62.38 crore
* Market Cap (June 2025): ₹809.15 crore
* P/E Ratio: 12.97
* ROE: 16.92%
* Dividend Yield: 0.55%
* 52-Week High/Low: ₹348/₹158
* Promoter Holding: 45.04% (as of March 2025)
The company established its state-of-the-art R&D Centre at Waghodia, Vadodara, which has been recognized and approved by DSIR, Government of India. With a devoted R&D and Product Application Centre, the company is committed to continuously innovate and offer a variety of products catering to numerous applications and formulations, enhancing product performances and delivering high-value added functional solutions to various industries.
The company's global reach through its wide customer and distributor network, with expanding global footprint through subsidiaries and focus into newer segments of Construction Chemicals, Herbal Medicines and Mineral Based Agriculture products, is helping diversify to contribute to available market opportunities.
The company management remains positive and optimistic for the forthcoming quarters, anticipating progress in demand from the domestic market and has projected increased growth guidance for Q3FY25. ICRA Limited has reaffirmed 20 Microns Limited's credit ratings with an improved outlook from Stable to Positive, reflecting the company's stable financial health and growth potential.
20 Microns Ltd continues to strengthen its position as India's leading industrial minerals manufacturer, leveraging its extensive experience, global presence, and commitment to innovation to serve diverse industries while exploring new growth avenues in emerging sectors.
