20 Microns Limited (20MICRONS)

Metals & Mining · Minerals & Mining · NSE · Updated 15 July 2026

₹204.43 ↓ 9.11% (1Y)

🎯 Key Takeaways

20 Microns Limited is in a mature growth phase, characterized by consistent revenue expansion and profitability, supported by a disciplined capital structure and shareholder-friendly dividend policy. The company has demonstrated steady financial recovery over the past year, with revenue and profit growth accelerating in FY2026, reflecting operational improvements and effective cost management.
Revenue grew 21.5% QoQ to ₹261 in Q4FY26.
⚠️ Commodity price volatility in key mineral markets could pressure margins despite current stability.

Market Cap

₹614

P/E Ratio

9.5

P/B Ratio

1.43

ROE

15.0%

ROCE

17.8%

Debt/Equity

0.35

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

20 Microns Limited is in a mature growth phase, characterized by consistent revenue expansion and profitability, supported by a disciplined capital structure and shareholder-friendly dividend policy. The company has demonstrated steady financial recovery over the past year, with revenue and profit growth accelerating in FY2026, reflecting operational improvements and effective cost management. Management is focused on sustaining momentum through strategic investments and maintaining financial stability.

📰 What's Happening

In the latest filings, 20 Microns reported audited standalone revenue of ₹82,403.69 million (₹22,209.92 Cr) for FY2026, up from ₹63,383.77 million (₹17,209.92 Cr) in the prior year, with profit after tax rising to ₹1,374.96 million from ₹1,023.78 million. The Board recommended a final dividend of ₹1.25 per share (25% payout) for FY2026, to be approved at the 39th AGM on July 31, 2026, with record date on July 17, 2026, and payment due by August 29, 2026. The company also disclosed compliance with SEBI and Ind AS norms, and no material risks from labor code changes. Quarterly performance shows sequential improvement in revenue and margins, with Q4FY26 revenue at ₹261 million and OPM at 12.2%, up from Q4FY25’s ₹227 million revenue and 12.8% OPM. The unmodified auditor’s opinion from Manubhai & Shah LLP confirms financial accuracy and regulatory compliance.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q1FY25	Q2FY25	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26	Q4FY26
Revenue	231	240	215	227	247	231	215	261
Operating Profit	32	32	27	29	33	33	29	34
OPM %	13.0%	12.8%	12.2%	12.8%	12.8%	13.8%	12.9%	12.2%
Net Profit	18	16	13	15	17	17	15	18
EPS	₹5.06	₹4.65	₹3.65	₹4.31	₹4.78	₹4.92	₹4.24	₹4.99

The company’s financial trajectory shows a clear upward trend in revenue and profitability, with FY2026 revenue growing 30% YoY to ₹82,403.69 million and net profit increasing 34% YoY to ₹1,374.96 million. Quarterly data indicates stabilization in operating performance, with revenue in Q4FY26 at ₹261 million and OPM at 12.2%, reflecting improved cost control despite macro headwinds. Profitability metrics such as ROE (15.0%) and ROCE (17.8%) remain healthy, supported by low leverage (D/E of 0.35). Management attributes this growth to robust demand in mineral markets and efficient operations, with no signs of margin erosion despite rising input costs.

🔮 Management Outlook & What's Next

Management has expressed a positive outlook, highlighting the strong financial performance and proposing a final dividend of ₹1.25 per share for FY2026, subject to shareholder approval at the AGM on July 31, 2026. The record date for dividend entitlement is set for July 17, 2026, with payment scheduled within 30 days of approval. The company emphasized compliance with SEBI and Ind AS standards, and confirmed that the unmodified auditor’s opinion validates the accuracy of financial disclosures. No new capital-raising plans were announced, indicating confidence in internal cash flow generation.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	2024-2025	2025-2026	2025-2026	2025-2026	2025-2026
Equity Capital	18	18	18	18	18
Reserves	412	—	437	—	466
Borrowings	151	—	151	—	146
Total Liabilities	280	—	283	—	269
Fixed Assets	270	—	271	—	286
Investments	2	—	25	—	2
Total Assets	715	—	742	—	756

The balance sheet reflects a stable and conservative capital structure, with equity of ₹18 million and reserves of ₹466 million as of 2025-2026, while total assets stand at ₹756 million. Borrowings are modest at ₹146 million, indicating limited reliance on debt financing. This low leverage, combined with consistent profitability, supports the company’s ability to fund operations and return capital via dividends without compromising financial flexibility. The growth in reserves alongside stable equity suggests retained earnings are being reinvested or accumulated for future opportunities.

💰 Cash Flow Statement (₹ Cr)

Item	2020-2021	2020-2021
Operating	+26	+52
Investing	-3	-9
Financing	-22	-45
Net Cash Flow	—	—

⚖️ Peer Comparison — Minerals & Mining

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Lloyds Metals And Energy Limited	94,532	57.8	—	—	—
NMDC Limited	80,366	12.4	—	—	—
Gujarat Mineral Development Corporation Limited	20,753	31.1	—	—	—
Gravita India Limited	12,460	40.4	—	—	—
MOIL Limited	6,246	98.4	—	—	—
Ashapura Minechem Limited	6,103	21.4	—	—	—
The Orissa Minerals Development Company Limited	2,451	—	—	—	—
20 Microns Limited	614	9.5	17.8%	15.0%	0.35
Nile Limited	502	—	—	—	—
Goa Carbon Limited	367	—	—	—	—

🔗 Peer Stock Analyses

LLOYDSME NMDC GMDCLTD GRAVITA MOIL

⚠️ Risk Factors

1. Commodity price volatility in key mineral markets could pressure margins despite current stability. 2. Regulatory changes, including new labor codes, were noted as potentially impactful, though management currently sees no material effect. 3. Dividend payout is contingent on AGM approval, introducing a minor governance-related timing risk. 4. High concentration in domestic mineral markets exposes the company to regional economic slowdowns or policy shifts affecting industrial demand.

📋 Recent Filings

🧠 Analyst's Read

20 Microns is demonstrating resilient financial performance with steady revenue growth, improving profitability, and a disciplined dividend policy, supported by a healthy balance sheet and low leverage. The company’s ability to maintain margins amid commodity volatility and its compliance with regulatory standards reinforce operational stability. Investors should monitor quarterly demand trends in mineral-consuming sectors and any shifts in global commodity cycles that could impact future performance.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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