20MICRONS

20 Microns financials

Market cap
₹733 Cr
Sector
Metals & Mining
Calls analysed
3
Latest concall · Q4 FY26 · call held 26 May 2026

20 Microns Q4 FY26

FY26 Revenue ₹953 cr FY26 EBITDA ₹123 cr FY26 EBITDA Margin 12.9% FY26 PAT ₹67 cr

What went well

  • Full year FY26 revenue crossed ₹953 crores despite slow quarters.
  • Q4 FY26 revenue grew 14.8% YoY, driven by recovery in paint and polymer rubber demands.
  • Full year FY26 EBITDA reached ₹123 crores, demonstrating a 12-13% CAGR over five years.

What to watch

  • Restrained demand conditions in key user industries like paints and coatings.
  • Impact of prolonged monsoon and geopolitical uncertainties on performance.
Read the full call →

Guidance record · Q4 FY26

what the last two calls moved 12 tracked 4 delivered 2 missed 6 open
  • Annual Revenue Growth delivered, diluted said Q4 FY25 Promised: 15% to 18% growth year on year for FY26 Q4 FY26: FY26 revenue was ₹953 crores. Based on an approximate FY25 revenue of ₹835 crores, this represents ~14.1% YoY growth, exceeding the revised guidance of 13% but missing the original 15-18% target.
  • Malaysian subsidiary acquisition cost disclosure went quiet said Q4 FY25 Promised: Disclose cost of remaining shares when finalized Q4 FY26: The cost for acquiring the remaining minority shares in the Malaysian subsidiary was not disclosed or mentioned again.
  • Guidance on margin savings from Malaysian mine delayed said Q4 FY25 Promised: Provide guidance on margin impact after operations begin Q4 FY26: Guidance on margin impact is further delayed. Management now states plant construction will take a minimum of 12 months, with operations expected to 'show some light' in early FY28.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 0.8%, net profit up 5.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue240 215 227 247 231 −4%215 +0%261 +15%245 −1%
EBITDA31 26 29 32 32 +3%28 +8%32 +10%32 +0%
Net profit16 13 15 17 17 +6%15 +15%18 +20%18 +6%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −8.3% 1Y

₹140₹160₹180₹200₹220Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q4 FY26 — 26 May 2026

1Y: ₹226.66 on 10 Sept 2025 → ₹207.86. High ₹230.51 (19 Sept 2025), low ₹133.14 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
−3.7%
26 May
Q2 FY26
−2.8%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 10.8% a year over 3 years, FY23 to FY26. Operating margin widened to 13.0%.

Year endingFY23FY24FY25FY26
Revenue₹702 Cr₹778 Cr₹913 Cr₹954 Cr
Operating profit₹86 Cr₹105 Cr₹116 Cr₹124 Cr
Operating margin12.3%13.5%12.7%13.0%
Interest₹17 Cr₹17 Cr₹18 Cr₹17 Cr
Depreciation₹13 Cr₹14 Cr₹19 Cr₹20 Cr
Net profit₹41 Cr₹57 Cr₹62 Cr₹67 Cr
Net margin5.8%7.3%6.8%7.0%
Cash from operations₹63 Cr₹54 Cr₹32 Cr₹104 Cr
Free cash flow₹52 Cr₹35 Cr₹-44 Cr₹78 Cr
ROCE19.0%22.0%19.0%17.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹18 Cr₹18 Cr₹18 Cr₹18 Cr₹18 Cr₹18 Cr
Reserves₹197 Cr₹234 Cr₹276 Cr₹335 Cr₹437 Cr₹466 Cr
Borrowings₹104 Cr₹123 Cr₹108 Cr₹121 Cr₹163 Cr₹156 Cr
Other liabilities₹133 Cr₹140 Cr₹121 Cr₹114 Cr₹123 Cr₹115 Cr
Total liabilities₹452 Cr₹514 Cr₹523 Cr₹588 Cr₹742 Cr₹755 Cr
Fixed assets₹203 Cr₹207 Cr₹213 Cr₹212 Cr₹283 Cr₹296 Cr
Capital work in progress₹3 Cr₹5 Cr₹8 Cr₹12 Cr₹21 Cr₹13 Cr
Investments₹6 Cr₹9 Cr₹9 Cr₹17 Cr₹25 Cr₹19 Cr
Other assets₹240 Cr₹293 Cr₹293 Cr₹347 Cr₹414 Cr₹427 Cr
Total assets₹452 Cr₹514 Cr₹523 Cr₹588 Cr₹742 Cr₹755 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +0.56 pp while FIIs trimmed −0.47 pp. The shareholder count grew 7% to 39,233.

Promoters
45.0%
FIIs
0.4%
DIIs
0.1%
Public
54.5%

Since Jun 2025

  • Public +0.56 pp
  • FIIs −0.47 pp
  • DIIs −0.08 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 45.0%, FIIs 0.7%, Public 54.3%.Dec '23: Promoters 45.0%, FIIs 0.7%, Public 54.3%.Mar '24: Promoters 45.0%, FIIs 0.7%, Public 54.3%.Jun '24: Promoters 45.0%, FIIs 0.8%, DIIs 0.1%, Public 54.2%.Sep '24: Promoters 45.0%, FIIs 1.0%, DIIs 0.0%, Public 54.0%.Dec '24: Promoters 45.0%, FIIs 0.9%, DIIs 0.0%, Public 54.1%.Mar '25: Promoters 45.0%, FIIs 0.8%, DIIs 0.1%, Public 54.0%.Jun '25: Promoters 45.0%, FIIs 0.9%, DIIs 0.1%, Public 53.9%.Sep '25: Promoters 45.0%, FIIs 0.3%, DIIs 0.2%, Public 54.5%.Dec '25: Promoters 45.0%, FIIs 0.3%, DIIs 0.1%, Public 54.6%.Mar '26: Promoters 45.0%, FIIs 0.4%, DIIs 0.1%, Public 54.4%.Jun '26: Promoters 45.0%, FIIs 0.4%, DIIs 0.1%, Public 54.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of 20 Microns above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ionix Advanced Materials Private Limited 24.56%unchanged
Ilaben Chandresh Parikh 9.02%unchanged
Rajesh Chandresh Parikh 5.73%unchanged
Atil Chandresh Parikh 5.73%unchanged
Viking Industries Private Limited 4.19%unchanged
Rameshbhai Baldevbhai Patel 2.10%unchanged
Basava Sankararao Kolli 1.76%unchanged
Marfatia Stock Broking Pvt Ltd 1.70%unchanged
Rishabh Pant 1.08%+0.08 pp
Shruti Lodha 1.02%unchanged
Vedika Rajesh Parikh 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (3)

Read the Q4 FY26 call →

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