Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 213 | −2.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 16.0 | +6.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 14.98 | −1.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 8.27 | +13.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 2.48 | −13.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
4 of 6 judged targets kept · 6 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Annual Revenue Growth | 15% to 18% growth year on year for FY26 | Q4 FY25 | 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. | Achieved* |
| Malaysian subsidiary acquisition cost disclosure | Disclose cost of remaining shares when finalized | Q4 FY25 | The cost for acquiring the remaining minority shares in the Malaysian subsidiary was not disclosed or mentioned again. | Ghosted |
| Guidance on margin savings from Malaysian mine | Provide guidance on margin impact after operations begin | Q4 FY25 | 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. | Delayed |
2 of 20 Microns's 12 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 9 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹210.51 on 24 Oct 2025 → ₹188.69. High ₹224.8 (7 Sept 2026), low ₹133.14 (30 Mar 2026).
Overview
close before → close after
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.
Guidance
4 of 6 judged targets kept · 6 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Annual Revenue Growth | 15% to 18% growth year on year for FY26 | Q4 FY25 | 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. | Achieved* |
| Malaysian subsidiary acquisition cost disclosure | Disclose cost of remaining shares when finalized | Q4 FY25 | The cost for acquiring the remaining minority shares in the Malaysian subsidiary was not disclosed or mentioned again. | Ghosted |
| Guidance on margin savings from Malaysian mine | Provide guidance on margin impact after operations begin | Q4 FY25 | 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. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 12 tracked commitments, with each call’s wording and source.
Call summaries
20 Microns Q4 FY26
20 Microns reported a resilient FY26, with full-year revenue crossing ₹953 crores and PAT nearly tripling over five years. Q4 FY26 saw strong revenue recovery (14.8% YoY) and PAT growth (16.6% YoY), supported by operational efficiencies and lower finance costs. The company is strategically transitioning towards specialty materials, backed by a ₹100 crore CapEx plan, while navigating demand softness and cost pressures.
Read the full call20 Microns Q2 FY26
Despite a challenging demand environment marked by macro factors, extended monsoons, and pricing pressure, 20 Microns reported resilient Q2 FY26 results. The company achieved revenue of ₹230.78 crores, though experiencing a 3.9% YoY decline. Strong cost control and efficient sourcing led to a significant EBITDA margin expansion to 13.8%, a 100 basis point improvement year-on-year. PAT grew by 5.5% YoY to ₹17.35 crores, demonstrating effective operational discipline amidst headwinds.
Read the full call20 Microns Q4 FY25
20 Microns delivered a robust performance in Q4 and full year FY25, achieving ₹912.7 crores in annual revenue, marking a 17.4% YoY growth. The company demonstrated improved profitability with Q4 EBITDA margins at 12.7% and maintained FY25 EBITDA margins at 12.8% amidst market and geopolitical challenges. Strategic initiatives included a Malaysian acquisition, significant CapEx in the Nano subsidiary, and a continued focus on value-added products, while managing increased working capital requirements driven by strategic inventory build-up for imported raw materials.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +7% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 210 | 186 | 198 | 218 | 198 | 187 | 222 | 213 |
| Expenses | 184 | 164 | 174 | 191 | 172 | 163 | 194 | 186 |
| Operating profit | 26 | 22 | 25 | 27 | 25 | 23 | 28 | 27 |
| Operating margin | 12.0% | 12.0% | 13.0% | 12.0% | 13.0% | 12.0% | 13.0% | 13.0% |
| Other income | 2 | 0 | 2 | 2 | 2 | 2 | 3 | 2 |
| Interest | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 20 | 14 | 18 | 20 | 19 | 18 | 23 | 22 |
| Tax rate | 25.0% | 26.0% | 20.0% | 26.0% | 26.0% | 25.0% | 27.0% | 26.0% |
| Net profit | 15 | 10 | 15 | 15 | 14 | 14 | 17 | 16 |
| EPS (₹ per share) | 4.34 | 2.85 | 4.17 | 4.32 | 3.98 | 3.90 | 4.88 | 4.58 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 702 | 673 | 795 | 825 |
| Expenses | 616 | 587 | 699 | 720 |
| Operating profit | 86 | 86 | 97 | 103 |
| Other income | 3 | 6 | 8 | 9 |
| Interest | 17 | 12 | 15 | 14 |
| Depreciation | 13 | 12 | 15 | 16 |
| Profit before tax | 57 | 68 | 73 | 80 |
| Net profit | 41 | 50 | 56 | 60 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 216 | 252 | 306 | 363 | 437 | 414 |
| Borrowings | 106 | 83 | 98 | 130 | 163 | 121 |
| Other liabilities | 117 | 108 | 103 | 100 | 123 | 101 |
| Total liabilities | 457 | 460 | 525 | 611 | 742 | 654 |
| Fixed assets | 185 | 190 | 191 | 217 | 283 | 221 |
| Capital work in progress | 5 | 7 | 12 | 6 | 21 | 5 |
| Investments | 34 | 35 | 43 | 73 | 25 | 73 |
| Other assets | 233 | 229 | 279 | 315 | 414 | 356 |
| Total assets | 457 | 460 | 525 | 611 | 742 | 654 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 56 | 44 | 56 | 40 | 26 | 86 |
| Cash from investing | -9 | -32 | -14 | -19 | -43 | -16 |
| Cash from financing | -48 | -4 | -39 | -1 | 1 | -27 |
| Net cash flow | -1 | 8 | 3 | 21 | -16 | 43 |
| Free cash flow | 47 | 19 | 41 | 21 | 5 | 75 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 70 | 67 | 55 | 61 | 58 | 70 |
| Inventory days | 120 | 118 | 98 | 90 | 113 | 94 |
| Days payable | 127 | 110 | 83 | 60 | 52 | 48 |
| Cash conversion cycle | 63 | 76 | 70 | 91 | 118 | 117 |
| Working capital days | 23 | 23 | 32 | 36 | 48 | 46 |
| Return on capital employed | 16.0% | 19.0% | 18.0% | 21.0% | 20.0% | 18.0% |
| Dividend payout | 0.0% | 0.0% | 7.0% | 9.0% | 8.0% | 7.0% |
Ownership
Public hold 53.87% as of Sept 2026; institutions added 0.62 pts since Jun 2026.
since Jun 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.
Named in the Sep 2026 filing
Every holder of 20 Microns above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 24.56% | unchanged | |
| 9.02% | unchanged | |
| 5.73% | unchanged | |
| 5.73% | unchanged | |
| 4.19% | unchanged | |
| 2.09% | unchanged | |
| 1.81% | +0.05 pp | |
| 1.70% | unchanged | |
| 1.18% | +0.10 pp | |
| 1.02% | 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.
Your own record
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Write why you follow 20 Microns and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
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