20 Microns Ltd

The core focus of our organization is centered on reducing carbon emissions, conserving invaluable natural resources, promoting the use of renewable energy sources, and encouraging ethical business practices."

Dear Shareholders,

It is always a matter of pride and pleasure for me to pen down my thoughts at the conclusion of yet another exciting year at 20ML. 20ML's journey in FY24 was a case of hard work and dedication. It was, in many ways an exceptional year, in both a positive and a negative way. On the one hand, it was a year with very strong growth not just in terms of revenue but also in terms of our strategic goals such as reducing our carbon footprint and enhancing our social relevance. On the other hand, it was a year where we faced a difficult situation owing to the persistently high ocean freights and geopolitical instability in the EU and Middle-east regions.

Harnessing our strengths

During the year, we continued to adapt to the changing aspirations of the evolving needs of our esteemed clients, driven by our clear purpose and inherent strengths, as we persistently work towards shaping the future in a sustainable way. Throughout the course of FY24, we focused on realigning our working strategy towards exploring the opportunities in new product lines and the development of new value-added products and making them available at a reasonable price. We continued to develop new and value-added products through our subsidiaries, backed by our R&D capabilities, and developed nearly 75 value-added products over the last few years. Although majority of these products have not gained the expected market traction, but I am confident that in the years ahead they would drive the growth for 20 Micron Group of companies. The reason being these products would act as apt import substitute for our customers, help our customers replace synthetic products with green and sustainable products, and growing importance of the China plus one strategy amongst our customers.

Additionally, we concentrated our efforts on exploring opportunities in growing industries such as EV battery and petrochemicals, adopting automating initiatives and technological upgrades to stay competitive. Even when the markets were shaky, we stayed true to our strategy, ensuring that both our customers and shareholders felt the positive impact of our efforts.

Looking back on the year gone by

One of our primary areas of focus during the fiscal year was the expansion of our international presence. Aligning with our overarching strategy, we embarked on ventures in untapped regions, mostly in Middle East and South East Asia, and forged strategic partnerships to bolster our international reach. Moreover, we undertook a robust digital marketing campaign during the year to extend our reach and foster engagement with a wider audience. By implementing focused online strategies, we focused on successfully educating and informing our industry stakeholders about the potential of our products.

Coming to our financial performance, we have achieved consistent results, our total income stood at 680.55 crores for FY24; 12.60% increase on a year-on-year basis. Our PBT for FY24 stood at 69.74 crores, a 43.39% increase compared to the previous year. This was mainly owing to the positive growth we achieved in some of our key focused product categories, such as organic farming, speciality and construction chemicals, among others. We started exporting our mineral-based organic farming products to new countries such as Africa during the year. Backed by these positives, our net profit also witnessed an increase in FY24 and stood at 50.15 crores, after a growth of 38.73% from the previous year.

Embedding sustainability in everything we do

At 20 Microns Limited, we firmly recognize and value the significance of incorporating environmental, social, and governance (ESG) factors into our business practices as they play a crucial role in promoting sustainable development. The passage of time has witnessed our organization's remarkable accomplishments, particularly in the establishment of a strong governance system and the implementation of a comprehensive policy framework, both of which provide invaluable guidance for our ESG initiatives.

The core focus of our organization is centered on reducing carbon emissions, conserving invaluable natural resources, promoting the use of renewable energy sources, and encouraging ethical business practices. Our unwavering commitment lies in looking ahead and ensuring that we deliver sustainable advantages to all our stakeholders. Additionally, we are dedicated to making a positive impact on the environment, with the ultimate goal of creating a cleaner and healthier planet.

Our people focus

A company's true strength lies in its people, and I am humbled to acknowledge the exceptional contribution of our employees. Our dedicated employees are the heart and soul of our success story. Thus, it is our responsibility to ensure that our workforce is inclusive and representative of the communities we serve, and we are committed to taking the necessary steps to achieve this. To secure the recruitment and retention of top talent, it is imperative to establish a work environment that allows for the flourishing of a diverse community of individuals. We are pleased to inform that we have made significant advancements in establishing an organization that genuinely promotes inclusivity and cultivates a joyful work environment for our employees all year round.

As part of CSR focus, we continued to work on helping the underprivileged juvenile diabetic children's and economic upliftment of the villages near our manufacturing units.

Geared to seize the potential that lies ahead

We are looking to broaden our portfolio by exploring opportunities in the construction chemical and Minfert business. By utilizing our

At 20 Microns Limited, we firmly recognize and value the significance of incorporating environmental, social, and governance (ESG) factors into our business practices as they play a crucial role in promoting sustainable development." expertise and available resources, our goal is to develop innovative and environmentally-friendly solutions that fulfill the requirements of our clients and align with our dedication to ESG. By focusing on our sustainability principles, we aim to develop a comprehensive range of soft mineral and specialized chemical solutions that cater to diverse needs and bring value to our stakeholders. Our plans for the coming years involve expanding our presence in various markets and capitalizing on growth opportunities by diversifying our product offerings.

In response to the global shift towards adopting the ‘China plus one' strategy, it has become increasingly pivotal for success and growth. Numerous manufacturing companies today are actively exploring opportunities to reduce their dependency on China for their raw-material requirement. For our organization, this strategic approach will guide our direction over the next few years. By embracing this strategy and realigning our portfolio, we aim to forge new partnerships and position 20 Microns as a dynamic and reliable player on the global stage.

Considering the favourable macroeconomic conditions in India and the increasing focus on the part of the government to help the country emerge as the next manufacturing hub, we are confident that 20ML is strongly positioned to seize market opportunities. This provides us with an excellent chance to generate value, particularly as we focus on growing our international presence to expand and to capitalise on the growth prospects available within India.

On behalf of every member of the 20ML family, we thank our shareholders for the trust they have reposed on us. We are truly grateful for your sustained cooperation throughout our journey. Together, we will achieve a better and more sustainable future.