20 Microns' cash flow triples to ₹86 cr as profit growth stays flat
Full-year profit grew just 6.9%, but operating cash flow surged on better working capital. The dividend is unchanged.
— 2 earlier stories on 20 Microns Ltd. →What's new
- FY26 standalone net profit rose 6.9% to ₹60.23 cr; consolidated profit was ₹66.67 cr.
- Operating cash flow jumped to ₹85.90 cr from ₹26.45 cr, driven by better working capital.
- The board recommended a final dividend of ₹1.25 per share, unchanged from last year.
Why this matters
The growth is modest, but the cash-flow swing is real. A more-than-threefold jump in operating cash flow shows the company converted sales into actual cash far more efficiently. For a firm with steady but unspectacular revenue growth, that's the only surprise in these numbers.
What we're watching
- Whether the cash-flow improvement holds in FY27 or was a one-time working-capital swing.
- If the dividend is maintained or raised given the stronger cash position.
- How input cost volatility affects margins in the coming quarters.
The full read
20 Microns delivered steady, predictable growth for FY26. Standalone revenue rose 3.7% to ₹824.04 crore, and net profit climbed 6.9% to ₹60.23 crore. The fourth quarter was brighter, with revenue up 12% to ₹222.10 crore and profit surging 16.9%. Consolidated numbers followed the same script: ₹953.83 crore in revenue, ₹66.67 crore in profit. The standout figure is operating cash flow, which jumped to ₹85.90 crore from just ₹26.45 crore a year earlier. That improvement is driven by tighter working capital. The board stuck with the ₹1.25/share dividend, unchanged from last year. The auditor's report was clean. There were no surprises, no guidance changes, and no extraordinary items. For a specialty chemicals maker in a slow-growth phase, the cash flow swing is the only thing that separates this from a standard earnings release.
Questions answered
- How much did 20 Microns' full-year profit grow?
- Standalone net profit for FY26 rose 6.9% to ₹60.23 crore. On a consolidated basis, profit increased 6.7% to ₹66.67 crore.
- What drove the jump in operating cash flow?
- Operating cash flow improved to ₹85.90 crore from ₹26.45 crore. The rationale attributes this to better working capital management, though the filing provides no further detail.
- Did the auditor flag any issues?
- No. The auditor's report carried an unmodified opinion, meaning the financial statements were clean with no qualifications.
- What is the dividend per share?
- The board recommended a final dividend of ₹1.25 per share. This is consistent with the prior year's payout.
- How did the fourth quarter perform?
- Q4 standalone revenue grew 12% year-on-year to ₹222.10 crore, and net profit rose 16.9% to ₹17.21 crore. This was the strongest quarter of the fiscal year.
20 Microns Ltd.
Latest quarter · Mar 2026
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All notes on 20MICRONS →- 22 May 2026 · 4:38 PM IST 20 Microns' cash flow triples to ₹86 cr as profit growth stays flat
- 41d ago 20 Microns outlines ₹100 cr capex but yanks near-term profit guidance
- 45d ago 20 Microns' FY26 profit grows 6.9%. The filing says nothing else.