Transcript of Earning call for the Quarter and Year Ended March 31,2026
20MICRONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
20 Microns Ltd reported Q4 FY26 revenue growth of 14.8% YoY with EBITDA margin stable at 12%, driven by recovery in paint and polymer/rubber demand. Full year revenue crossed Rs 953 crore with EBITDA margins at 12.9%. The company announced a Rs 100 crore CapEx plan (40% for Malaysian operations), targeting 18% revenue CAGR and 200 bps margin expansion over the next 3 years, with full completion expected by FY30. Management guided for ROCE improvement to 18-20% and mentioned the stock has corrected 26% in the last year despite 3-year returns exceeding 100%. The company is transitioning from industrial minerals to specialty materials, with paints contributing over 46% of revenue and exports at 14%. New product launches contribute about 4-5% of revenue annually.
The earnings call reveals strong execution with improving margins and cash flows, though the stock trades at a reasonable 9.3X PE. The ambitious CapEx plan and multi-year targets signal management confidence, but near-term guidance was withheld due to geopolitical uncertainty. Shareholders can expect improved profitability if the CapEx delivers as planned by FY30.