20 Microns Limited
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Opening remarks
About Us
» 20 Microns Ltd (20 Microns or the “Company”) is one of India's largest producer of Industrial minerals with 30+ years of experience offering innovative products in the field of Functional fillers, Extenders, and Specialty chemicals » Headquartered out of Vadodara, Gujarat, the company is catering to the various industries like paint and coatings, plastics, textiles, rubber, paper, ceramics and adhesive & sealants industry and others » Microns 20 9 manufacturing units. The Company also has 5 captive mines to source raw Venture and subsidiaries boasts Joint and has of 5 1 materials * 20 Microns Nano Ltd., subsidiary of 20 Microns, is engaged in the manufacturing of functional additives and chemically modified minerals. During FY23, the subsidiary contributed ~“13% to the total revenue » Additionally, the company has state-of-the-art R&D centre in Vadodara which comprises of ~50 team members including ~20 scientists
Our Strengths
The particles are grinded to different size as per clients requirements > > Developing products that work as import substitute and are cost efficient R&D team of ~20 scientists that brings a deep level of specialized knowledge and expertise to the organization > Longstanding relationship with companies like Asian Paints, Berger Paints, Finolex, Supreme, Plastiblends, and others > Innovating value-added products that replaces the traditional chemicals in various industries
Business Updates
> ICRA Rating assigned 20 Microns a long term rating of “ICRA A-” and short term rating of “ICRA A2+”
What next
Further and construction chemical (20 MCC) by using a cluster based go to market strategy to agrochemicals penetration (Minfert) products retail of > in ensure high customer retention and increased brand recall Prioritizing the development of products with higher profitability to improve the overall financial performance Developing superior quality product with raw materials procured from various domestic and international sources Strengthening and developing strategic capitalizing on other potential activities initiatives like JV with Dorfner and Focus on high growth export market across the globe for it's entire range of products
Key Performing Metrics
Revenue from Operations (X in Mn) EBITDA (xinMn) and Margins 26,1320 27,016.9 4 24,8353 1050.0 500.0 750.0 600.0 450.0 300.0 1500 0.0 4 27939 28574 16.0%) 15.0%) 14.0%| 13.0%) q 12.0% + 11.0%) FY21 FY22 FY23 PAT (zin Mn) and PAT Margins FY21 FY22 FY23 7.0% 6.0% 50% 20% 3.0% 20% 1.0% + 00% g igx x 0.42¢ 0.35x 0.28x 0.21x 0.14x 0.07x 0.00x Debt/Equity 0.47x 0.48x 0.35x + Fy21 . . FY22 . FY23 7500.0 6000.0 4500.0 3000.0 1500.0 00 500.0 400.0 300.0 200.0 1000 0.0 4 22.5% 20.0% 17.5% 15.0% 125% 10.0% 7.5% 5.0% + ROE and ROCE 20.9% 21.2% T5.2% 16.8% 5.5% 14.2% Fy21 FY22 Fy23 s ROE s ROCE
Financial Performance
Revenue from op. Other Income Total Revenue Total Expenses ex. Finance cost & D&A EBITDA (Excluding Other Income) EBITDA Margin (%) Finance Cost Depreciation PBT Share of net profit/(loss) of equity accounted investee PBT Total Tax PAT PAT Margin % Other Comprehensive Income Net PAT Diluted EPS 1,73284| 1,72413| 0.51%| 1547.4| | 7,01687| 613202 14.43% 4.70 1,737.54| 1,527.26| 205.58| 11.9%| 6.57 1,730.69| 1,503.77 220.36| 12.8% 0.40%| -6.71% 817 1,555.31| 1,377.55 169.59 11.0% 29.34 7,046.21| | 6,15951| 857.36| 12.2%| 21.68 6,153.71| 5338.16 793.86| 12.9% 14.50% 8.00% 41.34 37.02 131.92| (0.12) 131.80| 38.61 93.19| 5.4% (1.36) 9183| 2.64 42.21 3891 14580 (0.13) 14567 39.01 106.67 6.2% 36.51 14318 3.01 44.13 3327 100.36 074 10110 27.28 73.82 4.8% 038 74.20 2.09 177.63 13805| 571.02| 0.90 571.92| 152.31) 419.62| 6.0% (0.80) a18.82| 11.85 202.44 136.72 476.38 (0.13) 476.25 12897 347.28| 5.7% 35.43 38271 9.80 20.83%
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