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Revenue
₹261 Cr
verified against source
Revenue YoY
14.8%
reported change
EBITDA
₹123 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
20 Microns reported a strong Q4 FY26 with revenue growth of 14.8% YoY to ₹954 crore for the full year, driven by demand recovery in paints, polymers, and rubber. EBITDA margins remained stable at 12.9%, supported by pricing discipline and better product mix. PAT grew 15.6% YoY to ₹67 crore, aided by lower finance costs. The company announced a ₹100 crore capex plan focused on specialty products, Malaysian operations, and automation, targeting 18% revenue CAGR and 200-250 bps margin expansion over three years. However, management refrained from giving FY27 guidance due to geopolitical uncertainty and volatile demand. Key risks include fuel cost inflation, supply chain disruptions, and delayed benefits from new initiatives.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets 18% compound annual growth rate in revenue over the next three years, driven by specialty products and capacity expansion.
- EBITDA margin expected to expand by 200-250 basis points over the medium term, supported by better product mix and automation.
- Return on capital employed is expected to improve to 18-20% by FY30, contingent on timely project execution and stable geopolitical conditions.
- The Malaysian limestone processing plant is expected to be commissioned within 12 months, with operations starting early next financial year.
Risks flagged
- Management cited geopolitical developments and volatile demand as key risks, leading to withdrawal of FY27 guidance.
- Rising fuel and gas costs are impacting production costs; while partially passed through, full pass-through is delayed.
- Imports and exports are affected by supply chain disturbances, increasing freight and raw material costs.
- New product contributions are only 4-5% of revenue, and Malaysian operations will take 12+ months to contribute meaningfully.
Key quotes
- The financial year 26 was a year of resilience and strategic transition for the company.
- We expect that at least if things improve in the next month or two months then definitely in the second half we'll see the growth that we anticipate to cross the thousand crore benchmark and milestone hopefully in this financial year.
- We have a bundled effect... we discuss a case-by-case basis with our customers and in many cases we do pass it on to our customers but it doesn't happen immediately.
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