20 Microns Ltd.

•

₹ 204.190.11%

2026-08-21

20microns.comBSE: 533022NSE: 20MICRONS

Market Cap₹ 691 Cr.

Current Price₹ 204

High / Low₹ 242 / 130

Stock P/E10.2

Book Value₹ 142

Price to Book0.98

Dividend Yield0.64 %

ROCE17.8 %

ROE14.6 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Minerals: 100.0%

PROS

Company has delivered good profit growth of 23.7% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.02x)
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.6
Company comfortably covers its interest (6.3x coverage)

CONS

Receivables are growing faster than sales - a possible quality concern
Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (6.6%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Metals & MiningMiningMining & Minerals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	COALINDIA	400.00	7.90	246509.13	6.62	8849.81	1.32	46254.80	45.09	35.43	26.61
2.	NMDC	83.24	9.81	73183.09	4.20	1976.23	0.43	6795.25	0.84	29.84	35.89
3.	KIOCL	376.95	0.00	22909.18	0.00	-15.48	59.04	158.01	73.79	-10.27	-16.83
4.	GMDCLTD	557.70	18.54	17734.86	1.70	163.43	-0.21	906.64	23.76	14.20	21.12
5.	SANDUMA	196.45	13.32	9549.53	0.25	2278.50	1263.64	13747.80	1110.85	23.78	24.91
6.	ASHAPURMIN	589.25	13.83	5628.88	0.34	108.31	-4.91	1616.12	19.22	18.58	11.63
7.	MOIL	252.75	69.44	5143.09	1.40	513.84	—	2677.04	—	19.12	28.40
8.	DECNGOLD	233.35	0.00	4636.70	0.00	-87.26	-210.25	6.03	1462.18	-20.83	-826.53
9.	ORISSAMINE	4632.55	0.00	2779.53	0.00	-7.61	75.80	28.99	330.83	-44.94	-32.24
10.	20MICRONS	195.95	10.21	691.44	0.64	17.74	5.22	244.72	-0.99	17.83	13.13
11.	ASOCSTONE	24.78	0.00	223.21	1.61	7.97	2887.41	44.18	-25.13	13.63	27.86
12.	OSWALMIN	28.90	0.00	22.40	0.00	—	—	—	—	5.85	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	191	200	175	212	231	240	215	227	247	231	215	261	245
	164	170	153	186	201	209	188	198	215	199	187	229	222
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1	2	0	1	2	1	1	0	1	2	2	2	1
Interest	4	4	4	5	4	4	5	5	5	4	4	4	4
Depreciation	3	3	4	4	4	5	5	5	5	5	5	5	5
	20	22	15	19	24	23	17	19	23	23	20	25	24
Tax %	24.72%	28.53%	25.31%	29.36%	26.16%	27.03%	23.45%	20.11%	25.99%	26.02%	25.22%	27.86%	26.60%
Net Profit	0	0	0	0	18	16	13	15	17	17	15	18	18
	4	5	3	4	5	5	4	4	5	5	4	5	1
Equity Capital	18	18	18	18	18	18	18	18	18	18	18	18	18
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	18	18	18	18	18	18	18	18	18	18	18	18	18
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 191
: 164
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 3
: 20
Tax %: 24.72%
Net Profit: 0
: 4
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 200
: 170
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 4
Depreciation: 3
: 22
Tax %: 28.53%
Net Profit: 0
: 5
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 175
: 153
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 4
: 15
Tax %: 25.31%
Net Profit: 0
: 3
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 212
: 186
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 4
: 19
Tax %: 29.36%
Net Profit: 0
: 4
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 231
: 201
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 4
Depreciation: 4
: 24
Tax %: 26.16%
Net Profit: 18
: 5
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 240
: 209
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 5
: 23
Tax %: 27.03%
Net Profit: 16
: 5
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 215
: 188
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 5
: 17
Tax %: 23.45%
Net Profit: 13
: 4
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 227
: 198
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 5
Depreciation: 5
: 19
Tax %: 20.11%
Net Profit: 15
: 4
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 247
: 215
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 5
: 23
Tax %: 25.99%
Net Profit: 17
: 5
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 231
: 199
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 4
Depreciation: 5
: 23
Tax %: 26.02%
Net Profit: 17
: 5
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 215
: 187
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 4
Depreciation: 5
: 20
Tax %: 25.22%
Net Profit: 15
: 4
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 261
: 229
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 4
Depreciation: 5
: 25
Tax %: 27.86%
Net Profit: 18
: 5
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 245
: 222
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 5
: 24
Tax %: 26.60%
Net Profit: 18
: 1
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 18
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	394	427	480	529	484	613	702	777	913	954	951
	339	367	411	463	425	534	616	672	795	831	837
Operating Profit	57	62	71	69	61	82	89	110	121	129	—
OPM %	15	15	15	13	13	13	13	14	13	14	—
Other Income	2	2	2	3	3	2	3	5	4	6	6
Interest	24	22	22	22	25	20	18	17	18	17	16
Depreciation	10	10	10	13	14	14	14	14	18	21	21
	23	28	38	35	22	48	57	77	83	91	92
Tax %	31	32	35	30	-6	27	27	27	24	26	26
Net Profit	16	19	25	24	23	35	42	56	62	67	68
EPS	0	0	0	7	7	10	12	16	18	19	—
Dividend Payout %	0	14	0	9	0	0	6	8	7	7	—
Minority Interest	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	-0
Share of Associates	0	0	0	0	0	0	0	0	0	0	-1
Adjusted EPS	4	5	7	7	7	10	12	16	18	19	—
Minority Interest	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	-0
Share of Associates	0	0	0	0	0	0	0	0	0	0	-1
Adjusted EPS	4	5	7	7	7	10	12	16	18	19	—

Mar 2017

: 394
: 339
Operating Profit: 57
OPM %: 15
Other Income: 2
Interest: 24
Depreciation: 10
: 23
Tax %: 31
Net Profit: 16
EPS: 0
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4

Mar 2018

: 427
: 367
Operating Profit: 62
OPM %: 15
Other Income: 2
Interest: 22
Depreciation: 10
: 28
Tax %: 32
Net Profit: 19
EPS: 0
Dividend Payout %: 14
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 5

Mar 2019

: 480
: 411
Operating Profit: 71
OPM %: 15
Other Income: 2
Interest: 22
Depreciation: 10
: 38
Tax %: 35
Net Profit: 25
EPS: 0
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7

Mar 2020

: 529
: 463
Operating Profit: 69
OPM %: 13
Other Income: 3
Interest: 22
Depreciation: 13
: 35
Tax %: 30
Net Profit: 24
EPS: 7
Dividend Payout %: 9
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7

Mar 2021

: 484
: 425
Operating Profit: 61
OPM %: 13
Other Income: 3
Interest: 25
Depreciation: 14
: 22
Tax %: -6
Net Profit: 23
EPS: 7
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7

Mar 2022

: 613
: 534
Operating Profit: 82
OPM %: 13
Other Income: 2
Interest: 20
Depreciation: 14
: 48
Tax %: 27
Net Profit: 35
EPS: 10
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 10

Mar 2023

: 702
: 616
Operating Profit: 89
OPM %: 13
Other Income: 3
Interest: 18
Depreciation: 14
: 57
Tax %: 27
Net Profit: 42
EPS: 12
Dividend Payout %: 6
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 12

Mar 2024

: 777
: 672
Operating Profit: 110
OPM %: 14
Other Income: 5
Interest: 17
Depreciation: 14
: 77
Tax %: 27
Net Profit: 56
EPS: 16
Dividend Payout %: 8
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 16

Mar 2025

: 913
: 795
Operating Profit: 121
OPM %: 13
Other Income: 4
Interest: 18
Depreciation: 18
: 83
Tax %: 24
Net Profit: 62
EPS: 18
Dividend Payout %: 7
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 18
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 18

Mar 2026

: 954
: 831
Operating Profit: 129
OPM %: 14
Other Income: 6
Interest: 17
Depreciation: 21
: 91
Tax %: 26
Net Profit: 67
EPS: 19
Dividend Payout %: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19

TTM

: 951
: 837
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 16
Depreciation: 21
: 92
Tax %: 26
Net Profit: 68
EPS: —
Dividend Payout %: —
Minority Interest: -0
Share of Associates: -1
Adjusted EPS: —
Minority Interest: -0
Share of Associates: -1
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 15%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 20%
5 Years:: 24%
3 Years:: 17%

STOCK PRICE CAGR

10 Years:: 18%
5 Years:: 31%
3 Years:: 23%
1 Year:: -14%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 16%
3 Years:: 16%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	18	18	18	18	18	18	18	18	18	18
	107	126	150	170	197	234	276	335	412	466
	85	73	73	74	67	80	70	86	118	92
Trade Payables	53	61	67	88	94	99	79	62	68	61
	115	120	128	105	93	94	92	119	147	141
Total Liabilities	378	398	435	455	468	524	535	621	762	778
ASSETS	-	-	-	-	-	-	-	-	-	-
	177	185	195	201	203	207	213	212	284	296
Capital Work in Progress	7	8	3	11	3	5	7	12	9	13
	2	3	4	2	6	9	9	17	25	19
	68	72	84	98	101	129	115	113	160	142
	0	0	0	0	0	0	0	126	143	177
Cash & Bank	10	9	11	8	10	17	30	60	38	82
	115	121	139	135	147	157	160	80	103	49
Total Assets	378	398	435	455	468	524	535	621	762	778
Total Debt	149	131	119	119	101	120	102	116	151	146
Net Working Capital	6	16	25	34	41	68	95	139	151	200
Contingent Liabilities	9	6	6	6	9	9	12	11	8	10
Book Value per Share	35.36	40.65	47.46	53.22	60.78	71.27	83.20	100.02	121.68	137.05
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Total Debt	149	131	119	119	101	120	102	116	151	146
Net Working Capital	6	16	25	34	41	68	95	139	151	200
Contingent Liabilities	9	6	6	6	9	9	12	11	8	10
Book Value per Share	35.36	40.65	47.46	53.22	60.78	71.27	83.20	100.02	121.68	137.05
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00

Mar 2017

Equity Capital: 18
: 107
: 85
Trade Payables: 53
: 115
Total Liabilities: 378
: 177
Capital Work in Progress: 7
: 2
: 68
: 0
Cash & Bank: 10
: 115
Total Assets: 378
Total Debt: 149
Net Working Capital: 6
Contingent Liabilities: 9
Book Value per Share: 35.36
Face Value: 5.00
Total Debt: 149
Net Working Capital: 6
Contingent Liabilities: 9
Book Value per Share: 35.36
Face Value: 5.00

Mar 2018

Equity Capital: 18
: 126
: 73
Trade Payables: 61
: 120
Total Liabilities: 398
: 185
Capital Work in Progress: 8
: 3
: 72
: 0
Cash & Bank: 9
: 121
Total Assets: 398
Total Debt: 131
Net Working Capital: 16
Contingent Liabilities: 6
Book Value per Share: 40.65
Face Value: 5.00
Total Debt: 131
Net Working Capital: 16
Contingent Liabilities: 6
Book Value per Share: 40.65
Face Value: 5.00

Mar 2019

Equity Capital: 18
: 150
: 73
Trade Payables: 67
: 128
Total Liabilities: 435
: 195
Capital Work in Progress: 3
: 4
: 84
: 0
Cash & Bank: 11
: 139
Total Assets: 435
Total Debt: 119
Net Working Capital: 25
Contingent Liabilities: 6
Book Value per Share: 47.46
Face Value: 5.00
Total Debt: 119
Net Working Capital: 25
Contingent Liabilities: 6
Book Value per Share: 47.46
Face Value: 5.00

Mar 2020

Equity Capital: 18
: 170
: 74
Trade Payables: 88
: 105
Total Liabilities: 455
: 201
Capital Work in Progress: 11
: 2
: 98
: 0
Cash & Bank: 8
: 135
Total Assets: 455
Total Debt: 119
Net Working Capital: 34
Contingent Liabilities: 6
Book Value per Share: 53.22
Face Value: 5.00
Total Debt: 119
Net Working Capital: 34
Contingent Liabilities: 6
Book Value per Share: 53.22
Face Value: 5.00

Mar 2021

Equity Capital: 18
: 197
: 67
Trade Payables: 94
: 93
Total Liabilities: 468
: 203
Capital Work in Progress: 3
: 6
: 101
: 0
Cash & Bank: 10
: 147
Total Assets: 468
Total Debt: 101
Net Working Capital: 41
Contingent Liabilities: 9
Book Value per Share: 60.78
Face Value: 5.00
Total Debt: 101
Net Working Capital: 41
Contingent Liabilities: 9
Book Value per Share: 60.78
Face Value: 5.00

Mar 2022

Equity Capital: 18
: 234
: 80
Trade Payables: 99
: 94
Total Liabilities: 524
: 207
Capital Work in Progress: 5
: 9
: 129
: 0
Cash & Bank: 17
: 157
Total Assets: 524
Total Debt: 120
Net Working Capital: 68
Contingent Liabilities: 9
Book Value per Share: 71.27
Face Value: 5.00
Total Debt: 120
Net Working Capital: 68
Contingent Liabilities: 9
Book Value per Share: 71.27
Face Value: 5.00

Mar 2023

Equity Capital: 18
: 276
: 70
Trade Payables: 79
: 92
Total Liabilities: 535
: 213
Capital Work in Progress: 7
: 9
: 115
: 0
Cash & Bank: 30
: 160
Total Assets: 535
Total Debt: 102
Net Working Capital: 95
Contingent Liabilities: 12
Book Value per Share: 83.20
Face Value: 5.00
Total Debt: 102
Net Working Capital: 95
Contingent Liabilities: 12
Book Value per Share: 83.20
Face Value: 5.00

Mar 2024

Equity Capital: 18
: 335
: 86
Trade Payables: 62
: 119
Total Liabilities: 621
: 212
Capital Work in Progress: 12
: 17
: 113
: 126
Cash & Bank: 60
: 80
Total Assets: 621
Total Debt: 116
Net Working Capital: 139
Contingent Liabilities: 11
Book Value per Share: 100.02
Face Value: 5.00
Total Debt: 116
Net Working Capital: 139
Contingent Liabilities: 11
Book Value per Share: 100.02
Face Value: 5.00

Mar 2025

Equity Capital: 18
: 412
: 118
Trade Payables: 68
: 147
Total Liabilities: 762
: 284
Capital Work in Progress: 9
: 25
: 160
: 143
Cash & Bank: 38
: 103
Total Assets: 762
Total Debt: 151
Net Working Capital: 151
Contingent Liabilities: 8
Book Value per Share: 121.68
Face Value: 5.00
Total Debt: 151
Net Working Capital: 151
Contingent Liabilities: 8
Book Value per Share: 121.68
Face Value: 5.00

Mar 2026

Equity Capital: 18
: 466
: 92
Trade Payables: 61
: 141
Total Liabilities: 778
: 296
Capital Work in Progress: 13
: 19
: 142
: 177
Cash & Bank: 82
: 49
Total Assets: 778
Total Debt: 146
Net Working Capital: 200
Contingent Liabilities: 10
Book Value per Share: 137.05
Face Value: 5.00
Total Debt: 146
Net Working Capital: 200
Contingent Liabilities: 10
Book Value per Share: 137.05
Face Value: 5.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	44	61	53	45	52	35	63	54	32	104
Cash from Investing	-9	-18	-19	-16	-9	-23	-18	-23	-59	-31
Cash from Financing	-34	-44	-33	-30	-45	-4	-38	-3	10	-30
	2	-1	2	-1	-2	9	8	28	-17	42
Free Cash Flow	8	42	39	19	52	18	44	41	-54	66
OCF / Net Profit	2.79	3.20	2.13	1.85	2.26	1.02	1.51	0.97	0.51	1.55
Cumulative 5-Year FCF	0	0	0	0	161	170	172	174	101	115
OCF / Net Profit	2.79	3.20	2.13	1.85	2.26	1.02	1.51	0.97	0.51	1.55
Cumulative 5-Year FCF	0	0	0	0	161	170	172	174	101	115

Mar 2017

: 44
Cash from Investing: -9
Cash from Financing: -34
: 2
Free Cash Flow: 8
OCF / Net Profit: 2.79
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.79
Cumulative 5-Year FCF: 0

Mar 2018

: 61
Cash from Investing: -18
Cash from Financing: -44
: -1
Free Cash Flow: 42
OCF / Net Profit: 3.20
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.20
Cumulative 5-Year FCF: 0

Mar 2019

: 53
Cash from Investing: -19
Cash from Financing: -33
: 2
Free Cash Flow: 39
OCF / Net Profit: 2.13
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.13
Cumulative 5-Year FCF: 0

Mar 2020

: 45
Cash from Investing: -16
Cash from Financing: -30
: -1
Free Cash Flow: 19
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 0

Mar 2021

: 52
Cash from Investing: -9
Cash from Financing: -45
: -2
Free Cash Flow: 52
OCF / Net Profit: 2.26
Cumulative 5-Year FCF: 161
OCF / Net Profit: 2.26
Cumulative 5-Year FCF: 161

Mar 2022

: 35
Cash from Investing: -23
Cash from Financing: -4
: 9
Free Cash Flow: 18
OCF / Net Profit: 1.02
Cumulative 5-Year FCF: 170
OCF / Net Profit: 1.02
Cumulative 5-Year FCF: 170

Mar 2023

: 63
Cash from Investing: -18
Cash from Financing: -38
: 8
Free Cash Flow: 44
OCF / Net Profit: 1.51
Cumulative 5-Year FCF: 172
OCF / Net Profit: 1.51
Cumulative 5-Year FCF: 172

Mar 2024

: 54
Cash from Investing: -23
Cash from Financing: -3
: 28
Free Cash Flow: 41
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: 174
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: 174

Mar 2025

: 32
Cash from Investing: -59
Cash from Financing: 10
: -17
Free Cash Flow: -54
OCF / Net Profit: 0.51
Cumulative 5-Year FCF: 101
OCF / Net Profit: 0.51
Cumulative 5-Year FCF: 101

Mar 2026

: 104
Cash from Investing: -31
Cash from Financing: -30
: 42
Free Cash Flow: 66
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: 115
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: 115

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	4.49	5.34	7.08	6.83	6.51	9.80	11.85	15.89	17.68	18.94
Book Value (₹)	35.36	40.65	47.46	53.22	60.78	71.27	83.20	100.02	121.68	137.05
Dividend per Share (₹)	0.00	0.75	0.00	0.60	0.00	0.00	0.75	1.25	1.25	1.25
Cash EPS (₹)	7.41	8.29	10.06	10.40	10.44	13.72	15.80	19.98	22.88	24.71
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	13.97%	14.43%	14.77%	12.92%	12.58%	13.29%	12.63%	13.50%	12.85%	12.90%
Net Margin %	3.89%	4.39%	5.22%	4.55%	4.74%	5.66%	5.98%	7.21%	6.84%	6.99%
ROE %	15.01%	14.11%	16.11%	13.61%	11.44%	14.91%	15.40%	17.37%	15.97%	14.60%
ROCE %	17.92%	18.39%	21.54%	18.91%	15.16%	19.75%	19.54%	21.72%	19.23%	17.83%
	4.40%	4.88%	6.02%	5.44%	4.98%	7.00%	7.93%	9.72%	9.04%	8.66%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	52	53	52	52	65	57	51	52	54	61
Inventory Days	61	59	59	62	75	68	63	53	54	58
Payable Days	107	105	102	101	130	110	89	62	49	47
	6	7	9	14	9	15	26	44	59	72
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	1.20x	0.91x	0.71x	0.63x	0.47x	0.48x	0.35x	0.33x	0.35x	0.30x
Interest Coverage (x)	1.97x	2.25x	2.76x	2.60x	1.86x	3.35x	4.22x	5.57x	5.55x	6.29x
	1.04x	1.10x	1.13x	1.18x	1.20x	1.32x	1.49x	1.63x	1.56x	1.83x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	9.60%	8.38%	12.31%	10.35%	-8.65%	26.82%	14.43%	10.80%	17.40%	4.50%
Operating Profit Growth %	14.59%	8.78%	13.77%	-3.15%	-11.04%	33.64%	8.72%	23.60%	10.54%	6.76%
Net Profit Growth %	43.95%	18.88%	32.29%	-3.45%	-4.82%	50.92%	20.83%	33.84%	11.26%	6.70%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	34.08%	11.25%	7.13%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.04x	10.83x	7.07x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.44x	1.57x	0.98x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.87%	0.65%	0.93%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.13x	6.51x	4.14x

Mar 2017

EPS (₹): 4.49
Book Value (₹): 35.36
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.41
Operating Margin %: 13.97%
Net Margin %: 3.89%
ROE %: 15.01%
ROCE %: 17.92%
: 4.40%
Debtor Days: 52
Inventory Days: 61
Payable Days: 107
: 6
Debt to Equity (x): 1.20x
Interest Coverage (x): 1.97x
: 1.04x
Revenue Growth %: 9.60%
Operating Profit Growth %: 14.59%
Net Profit Growth %: 43.95%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 5.34
Book Value (₹): 40.65
Dividend per Share (₹): 0.75
Cash EPS (₹): 8.29
Operating Margin %: 14.43%
Net Margin %: 4.39%
ROE %: 14.11%
ROCE %: 18.39%
: 4.88%
Debtor Days: 53
Inventory Days: 59
Payable Days: 105
: 7
Debt to Equity (x): 0.91x
Interest Coverage (x): 2.25x
: 1.10x
Revenue Growth %: 8.38%
Operating Profit Growth %: 8.78%
Net Profit Growth %: 18.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 7.08
Book Value (₹): 47.46
Dividend per Share (₹): 0.00
Cash EPS (₹): 10.06
Operating Margin %: 14.77%
Net Margin %: 5.22%
ROE %: 16.11%
ROCE %: 21.54%
: 6.02%
Debtor Days: 52
Inventory Days: 59
Payable Days: 102
: 9
Debt to Equity (x): 0.71x
Interest Coverage (x): 2.76x
: 1.13x
Revenue Growth %: 12.31%
Operating Profit Growth %: 13.77%
Net Profit Growth %: 32.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 6.83
Book Value (₹): 53.22
Dividend per Share (₹): 0.60
Cash EPS (₹): 10.40
Operating Margin %: 12.92%
Net Margin %: 4.55%
ROE %: 13.61%
ROCE %: 18.91%
: 5.44%
Debtor Days: 52
Inventory Days: 62
Payable Days: 101
: 14
Debt to Equity (x): 0.63x
Interest Coverage (x): 2.60x
: 1.18x
Revenue Growth %: 10.35%
Operating Profit Growth %: -3.15%
Net Profit Growth %: -3.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 6.51
Book Value (₹): 60.78
Dividend per Share (₹): 0.00
Cash EPS (₹): 10.44
Operating Margin %: 12.58%
Net Margin %: 4.74%
ROE %: 11.44%
ROCE %: 15.16%
: 4.98%
Debtor Days: 65
Inventory Days: 75
Payable Days: 130
: 9
Debt to Equity (x): 0.47x
Interest Coverage (x): 1.86x
: 1.20x
Revenue Growth %: -8.65%
Operating Profit Growth %: -11.04%
Net Profit Growth %: -4.82%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 9.80
Book Value (₹): 71.27
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.72
Operating Margin %: 13.29%
Net Margin %: 5.66%
ROE %: 14.91%
ROCE %: 19.75%
: 7.00%
Debtor Days: 57
Inventory Days: 68
Payable Days: 110
: 15
Debt to Equity (x): 0.48x
Interest Coverage (x): 3.35x
: 1.32x
Revenue Growth %: 26.82%
Operating Profit Growth %: 33.64%
Net Profit Growth %: 50.92%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 11.85
Book Value (₹): 83.20
Dividend per Share (₹): 0.75
Cash EPS (₹): 15.80
Operating Margin %: 12.63%
Net Margin %: 5.98%
ROE %: 15.40%
ROCE %: 19.54%
: 7.93%
Debtor Days: 51
Inventory Days: 63
Payable Days: 89
: 26
Debt to Equity (x): 0.35x
Interest Coverage (x): 4.22x
: 1.49x
Revenue Growth %: 14.43%
Operating Profit Growth %: 8.72%
Net Profit Growth %: 20.83%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 15.89
Book Value (₹): 100.02
Dividend per Share (₹): 1.25
Cash EPS (₹): 19.98
Operating Margin %: 13.50%
Net Margin %: 7.21%
ROE %: 17.37%
ROCE %: 21.72%
: 9.72%
Debtor Days: 52
Inventory Days: 53
Payable Days: 62
: 44
Debt to Equity (x): 0.33x
Interest Coverage (x): 5.57x
: 1.63x
Revenue Growth %: 10.80%
Operating Profit Growth %: 23.60%
Net Profit Growth %: 33.84%
: 34.08%
P/E (x): 9.04x
P/B (x): 1.44x
Dividend Yield %: 0.87%
: 5.13x

Mar 2025

EPS (₹): 17.68
Book Value (₹): 121.68
Dividend per Share (₹): 1.25
Cash EPS (₹): 22.88
Operating Margin %: 12.85%
Net Margin %: 6.84%
ROE %: 15.97%
ROCE %: 19.23%
: 9.04%
Debtor Days: 54
Inventory Days: 54
Payable Days: 49
: 59
Debt to Equity (x): 0.35x
Interest Coverage (x): 5.55x
: 1.56x
Revenue Growth %: 17.40%
Operating Profit Growth %: 10.54%
Net Profit Growth %: 11.26%
: 11.25%
P/E (x): 10.83x
P/B (x): 1.57x
Dividend Yield %: 0.65%
: 6.51x

Mar 2026

EPS (₹): 18.94
Book Value (₹): 137.05
Dividend per Share (₹): 1.25
Cash EPS (₹): 24.71
Operating Margin %: 12.90%
Net Margin %: 6.99%
ROE %: 14.60%
ROCE %: 17.83%
: 8.66%
Debtor Days: 61
Inventory Days: 58
Payable Days: 47
: 72
Debt to Equity (x): 0.30x
Interest Coverage (x): 6.29x
: 1.83x
Revenue Growth %: 4.50%
Operating Profit Growth %: 6.76%
Net Profit Growth %: 6.70%
: 7.13%
P/E (x): 7.07x
P/B (x): 0.98x
Dividend Yield %: 0.93%
: 4.14x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.95	44.99	45.04	45.04	45.04	45.04	45.04	45.04	45.04
	0.78	1.00	0.87	0.84	0.88	0.26	0.26	0.41	0.41
	0.06	0.02	0.02	0.15	0.15	0.17	0.07	0.10	0.07
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	54.21	53.98	54.07	53.96	53.93	54.52	54.63	54.44	54.48

Jun 2024

: 44.95
: 0.78
: 0.06
Government: 0.00
: 54.21

Sep 2024

: 44.99
: 1.00
: 0.02
Government: 0.00
: 53.98

Dec 2024

: 45.04
: 0.87
: 0.02
Government: 0.00
: 54.07

Mar 2025

: 45.04
: 0.84
: 0.15
Government: 0.00
: 53.96

Jun 2025

: 45.04
: 0.88
: 0.15
Government: 0.00
: 53.93

Sep 2025

: 45.04
: 0.26
: 0.17
Government: 0.00
: 54.52

Dec 2025

: 45.04
: 0.26
: 0.07
Government: 0.00
: 54.63

Mar 2026

: 45.04
: 0.41
: 0.10
Government: 0.00
: 54.44

Jun 2026

: 45.04
: 0.41
: 0.07
Government: 0.00
: 54.48

Documents

Announcements

General Updates
2026-08-14 - 20 Microns Limited has informed the Exchange about Acquisition of Partnership Interest in M/s Shree Shrest Minerals
Updates
2026-08-06 - 20 Microns Limited has informed the Exchange regarding 'Earning Presentation for the Quarter Ended June 30, 2026'.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
TranscriptPPTREC
May 2026
Transcript PPTREC
Jan 2026
TranscriptPPTREC