20 Microns Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹593 Cr
- P/E
- 8.73
- ROE
- 14.54%
- PEG
- 0.52
- Price to sales
- 0.63
- Debt to equity
- 0.32
- 52W high / low
- ₹225 / ₹133
- Sales growth (5Y)
- 14.55%
- EBITDA margin
- 12.94%
- Net profit margin
- 6.94%
- Promoter holding
- 45.04%
- Sales (last year)
- ₹951 Cr
Guidance scorecard · Q2 FY27 call
What 20 Microns's management guided
RevenueQ4 FY26 call
10–20%Ask what 20 Microns said on revenue →
Full Q4 FY26 analysisMarginsQ4 FY26 call
Up 0–2%Ask what 20 Microns said on margins →
Full Q4 FY26 analysisCapexQ4 FY26 call
PlannedAsk what 20 Microns said on capex →
Full Q4 FY26 analysisFundraisingQ4 FY26 call
PlannedAsk what 20 Microns said on fundraising →
Full Q4 FY26 analysisOrder bookQ4 FY26 call
Ask what 20 Microns said on the order book →
Full Q4 FY26 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of 20 Microns
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
20 Microns
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 44.95% | 44.95% | 44.95% | 44.99% | 45.04% | 45.04% | 45.04% | 45.04% | 45.04% | 45.04% | 45.04% | 45.04% |
| FIIs + | 0.72% | 0.73% | 0.78% | 1.00% | 0.87% | 0.84% | 0.88% | 0.26% | 0.26% | 0.41% | 0.41% | 1.03% |
| DIIs + | 0.00% | 0.00% | 0.06% | 0.02% | 0.02% | 0.15% | 0.15% | 0.17% | 0.07% | 0.10% | 0.07% | 0.07% |
| Public + | 54.33% | 54.32% | 54.21% | 53.99% | 54.08% | 53.97% | 53.93% | 54.52% | 54.63% | 54.44% | 54.49% | 53.87% |
| No. of Shareholders | 20,546 | 22,492 | 26,057 | 31,992 | 35,584 | 36,457 | 36,781 | 38,301 | 38,916 | 38,301 | 39,233 | 37,891 |
Financials of 20 Microns
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 200 | 175 | 212 | 231 | 240 | 215 | 227 | 247 | 231 | 215 | 261 | 245 | 238 |
| Expenses + | 170 | 153 | 186 | 201 | 209 | 188 | 199 | 216 | 199 | 187 | 229 | 213 | 211 |
| Operating Profit | 30 | 22 | 27 | 30 | 31 | 26 | 29 | 32 | 32 | 28 | 32 | 32 | 27 |
| OPM % | 15% | 13% | 12% | 13% | 13% | 12% | 13% | 13% | 14% | 13% | 12% | 13% | 12% |
| Other Income + | 0 | 0 | 1 | 2 | 1 | 1 | -0 | 1 | 2 | 1 | 2 | 1 | 1 |
| Interest | 4 | 4 | 5 | 4 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 22 | 15 | 19 | 24 | 23 | 17 | 19 | 23 | 23 | 20 | 24 | 24 | 19 |
| Tax % | 28% | 25% | 29% | 26% | 27% | 23% | 20% | 26% | 26% | 25% | 28% | 27% | 29% |
| Net Profit + | 16 | 12 | 14 | 18 | 16 | 13 | 15 | 17 | 17 | 15 | 18 | 18 | 14 |
| EPS in Rs | 4.54 | 3.25 | 3.87 | 5.06 | 4.65 | 3.65 | 4.31 | 4.78 | 4.93 | 4.24 | 4.99 | 5.04 | 3.87 |
Financials of 20 Microns
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 356 | 357 | 392 | 427 | 480 | 529 | 484 | 613 | 702 | 777 | 913 | 954 | 959 |
| Expenses + | 326 | 310 | 337 | 367 | 411 | 463 | 425 | 534 | 616 | 672 | 795 | 831 | 840 |
| Operating Profit | 30 | 46 | 56 | 60 | 69 | 66 | 59 | 79 | 86 | 106 | 117 | 123 | 119 |
| OPM % | 8% | 13% | 14% | 14% | 14% | 12% | 12% | 13% | 12% | 14% | 13% | 13% | 12% |
| Other Income + | 4 | 4 | 2 | 1 | 2 | 3 | 2 | 2 | 3 | 2 | 2 | 6 | 6 |
| Interest | 27 | 25 | 24 | 22 | 22 | 22 | 25 | 20 | 18 | 16 | 18 | 17 | 16 |
| Depreciation | 11 | 10 | 10 | 10 | 10 | 13 | 14 | 14 | 14 | 14 | 18 | 21 | 21 |
| Profit before tax | -3 | 14 | 23 | 28 | 38 | 35 | 22 | 48 | 57 | 77 | 83 | 91 | 88 |
| Tax % | -16% | 24% | 31% | 32% | 35% | 30% | -6% | 27% | 27% | 27% | 24% | 26% | |
| Net Profit + | -2 | 11 | 16 | 19 | 25 | 24 | 23 | 35 | 42 | 56 | 62 | 67 | 64 |
| EPS in Rs | -0.74 | 3.11 | 4.49 | 5.34 | 7.08 | 6.84 | 6.51 | 9.80 | 11.85 | 15.89 | 17.68 | 18.94 | 18.14 |
| Dividend Payout % | 0% | 0% | 0% | 14% | 0% | 9% | 0% | 0% | 6% | 8% | 7% | 7% |
Financials of 20 Microns
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 54 | 70 | 107 | 126 | 150 | 170 | 197 | 234 | 276 | 335 | 412 | 466 | 494 |
| Borrowings + | 165 | 163 | 152 | 134 | 124 | 119 | 104 | 123 | 108 | 121 | 165 | 156 | 154 |
| Other Liabilities + | 98 | 83 | 86 | 98 | 112 | 137 | 133 | 140 | 121 | 114 | 119 | 115 | 127 |
| Total Liabilities | 333 | 334 | 363 | 376 | 404 | 444 | 452 | 514 | 523 | 588 | 713 | 755 | 792 |
| Fixed Assets + | 151 | 151 | 177 | 185 | 195 | 201 | 203 | 207 | 213 | 212 | 284 | 296 | 303 |
| CWIP | 7 | 4 | 7 | 8 | 4 | 11 | 3 | 5 | 8 | 12 | 9 | 13 | 13 |
| Investments | 1 | 1 | 2 | 3 | 4 | 2 | 6 | 9 | 9 | 17 | 25 | 19 | 18 |
| Other Assets + | 174 | 178 | 177 | 179 | 201 | 230 | 240 | 293 | 293 | 347 | 395 | 427 | 457 |
| Total Assets | 333 | 334 | 363 | 376 | 404 | 444 | 452 | 514 | 523 | 588 | 713 | 755 | 792 |
Financials of 20 Microns
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 30 | 25 | 44 | 61 | 53 | 45 | 52 | 35 | 63 | 54 | 32 | 104 |
| Cash from Investing Activity + | -4 | -6 | -9 | -18 | -19 | -16 | -9 | -23 | -18 | -23 | -59 | -31 |
| Cash from Financing Activity + | -21 | -26 | -34 | -44 | -33 | -30 | -45 | -4 | -38 | -3 | 10 | -30 |
| Net Cash Flow | 6 | -6 | 2 | -1 | 2 | -1 | -2 | 9 | 8 | 28 | -17 | 42 |
| Free Cash Flow | 26 | 20 | 33 | 41 | 35 | 29 | 42 | 12 | 52 | 35 | -44 | 78 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 105% | 58% | 91% | 110% | 89% | 83% | 100% | 59% | 92% | 68% | 45% | 104% |
Financials of 20 Microns
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 57 | 56 | 57 | 53 | 57 | 68 | 60 | 51 | 59 | 57 | 68 |
| Inventory Days | 126 | 150 | 133 | 132 | 134 | 128 | 144 | 148 | 115 | 99 | 120 | 102 |
| Days Payable | 138 | 118 | 105 | 113 | 106 | 115 | 134 | 113 | 79 | 54 | 51 | 44 |
| Cash Conversion Cycle | 39 | 90 | 84 | 77 | 80 | 69 | 78 | 94 | 87 | 104 | 126 | 126 |
| Working Capital Days | -27 | -6 | -4 | 6 | 11 | 18 | 24 | 31 | 34 | 39 | 46 | 45 |
| ROCE % | 9% | 16% | 18% | 19% | 21% | 19% | 15% | 19% | 19% | 22% | 19% | 17% |
Guidance history
How 20 Microns's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY25 call → | 10–20% | Flat | Planned | Planned | — |
| Q2 FY25 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
19 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −19.2% | 37% |
| Last 6 months | −5.0% | 46% |
| Last 3 months | −16.0% | 26% |
The price is 50.4% below its all-time high of ₹339 (23 Aug 2024). Stocks more than 20% below their peak have their score halved, so 38 became 19.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For 20 Microns: 0.4 × 37 + 0.4 × 46 + 0.2 × 26 = 38, halved to 19 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
