Capillary Technologies India Ltd.

•

capillarytech.comBSE: 544614NSE: CAPILLARY

Market Cap₹ 3,660 Cr.

Current Price

High / Low₹ 799 / 438

Stock P/E1266.5

Book Value₹ 99

Price to Book4.88

Dividend Yield0.00 %

ROCE0.9 %

ROE0.5 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

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PROS

Company is almost debt free
Latest quarter profit grew 689.0% YoY, showing strong momentum
Operating margins have improved to 18.6% from -42.1%

CONS

A large part of profit comes from other income (366.0% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of -6.3% over last 3 years
Company has a low return on capital employed of -1.8%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.95x)
Interest coverage is weak at 1.8x - earnings barely cover interest

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

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	TCS	2209.00	16.05	799235.53	4.98	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1035.00	13.87	420027.06	4.64	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1226.55	19.10	332844.59	4.40	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1502.25	28.67	147240.59	3.39	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4403.10	24.97	130605.33	1.70	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11623.00	29.66	101216.72	3.44	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5390.00	44.21	85027.25	0.74	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1846.90	46.57	81813.62	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2311.65	23.10	44125.99	2.68	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3360.55	27.01	35647.89	1.73	357.10	12.97	2940.10	11.47	27.70	18.65
12.	CAPILLARY	459.90	69.87	3660.29	0.00	-95.52	-1070.53	2566.44	1587.54	6.52	15.70

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	42	49	42	58	65	64
	34	34	48	48	49	61
Operating Profit	9	15	-6	10	16	3
OPM %	20.36%	31.01%	-13.18%	17.23%	24.79%	4.82%
	2	4	0	3	6	5
Interest	1	1	1	1	1	1
Depreciation	9	11	11	11	11	11
Profit before Tax	0	7	-5	1	10	8
Tax %	0.00%	0.00%	-0.00%	0.00%	0.00%	0.00%
Net Profit	0	7	-5	1	10	8
	0.01	0.96	-0.70	0.14	1.25	0.98

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	173	166	115	163	150	143	174	212	230
	177	159	101	162	213	162	141	172	206
Operating Profit	-4	7	14	1	-63	-19	33	39	24
OPM %	-2.03%	4.17%	12.16%	0.68%	-42.07%	-13.50%	19.15%	18.60%	10.29%
	2	1	8	-15	6	8	12	11	14
Interest	4	3	2	5	9	16	7	4	3
Depreciation	6	5	4	3	24	25	35	43	44
Profit before Tax	-12	0	17	-22	-90	-52	4	3	14
Tax %	-0.00%	0.00%	0.00%	-0.00%	-0.00%	-0.00%	0.00%	0.00%	0.00%
Net Profit	-12	0	17	-22	-90	-52	4	3	14
EPS	-2.44	0.04	3.49	-4.53	-18.00	-7.15	0.48	0.36	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 13%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -30%
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: -24%
3 Years:: -6%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	10	11	15	15	16
	4	10	30	114	106	384	426	762
	18	24	20	50	130	77	53	45
Trade Payables	23	18	10	36	47	27	41	66
	24	32	19	56	162	90	57	76
Total Liabilities	71	86	82	267	455	592	592	965
	5	14	3	5	41	57	76	74
	0	0	0	96	133	356	417	421
	0	0	0	115	80	43	44	77
Cash & Bank	7	5	10	10	42	60	11	334
	59	68	69	41	160	75	43	59
Total Assets	71	86	82	267	455	592	592	965

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	2	6	-16	-46	46	52	38
Cash from Investing	-6	-1	-3	-102	-69	-261	-70	-354
Cash from Financing	-6	-1	-8	122	144	234	-41	325
	-18	-2	5	0	32	18	-59	9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Nov 2025	Dec 2025	Mar 2026	Jun 2026
	52.05	52.28	52.23	51.45
	22.30	3.93	3.43	3.34
	13.32	17.75	18.60	19.38
Government	0.00	0.00	0.00	0.00
	12.34	26.03	25.74	25.83

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

Change in Management

2026-09-01 - Capillary Technologies India Limited has informed the Exchange about change in Management

2026-08-31

Shareholders meeting

2026-08-31 - Capillary Technologies India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 28, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-28

Shareholders meeting

2026-08-28 - Capillary Technologies India Limited has informed the Exchange about Shareholders meeting

2026-08-25

Updates

2026-08-25 - Capillary Technologies India Limited has informed the Exchange regarding 'Clarification of transaction undertaken by Promoter Entity'.

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Capillary Technologies India Limited has informed the Exchange about Transcript

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Capillary Technologies India Limited has informed the Exchange about Transcript

2026-08-05

Copy of Newspaper Publication

2026-08-05 - Capillary Technologies India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-04 - Capillary Technologies India Limited has informed the Exchange about

2026-08-04

Monitoring Agency Report

2026-08-04 - Monitoring agency report for the quarter ended June 30, 2026.

News

Recent coverage and analyst commentary for CAPILLARY

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Capillary Technologies India Ltd.

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Name

TCS

2209.00

16.05

799235.53

4.98

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1035.00

13.87

420027.06

4.64

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1226.55

19.10

332844.59

4.40

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1502.25

28.67

147240.59

3.39

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4403.10

24.97

130605.33

1.70

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11623.00

29.66

101216.72

3.44

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5390.00

44.21

85027.25

0.74

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1846.90

46.57

81813.62

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2311.65

23.10

44125.99

2.68

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3360.55

27.01

35647.89

1.73

357.10

12.97

2940.10

11.47

27.70

18.65

CAPILLARY

459.90

69.87

3660.29

0.00

-95.52

-1070.53

2566.44

1587.54

6.52

15.70

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-6

OPM %

20.36%

31.01%

-13.18%

17.23%

24.79%

4.82%

Interest

Depreciation

Profit before Tax

-5

Tax %

0.00%

-0.00%

0.00%

Net Profit

-5

0.01

0.96

-0.70

0.14

1.25

0.98

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

173

166

115

163

150

143

174

212

230

177

159

101

162

213

162

141

172

206

Operating Profit

-4

-63

-19

OPM %

-2.03%

4.17%

12.16%

0.68%

-42.07%

-13.50%

19.15%

18.60%

10.29%

-15

Interest

Depreciation

Profit before Tax

-12

-22

-90

-52

Tax %

-0.00%

0.00%

-0.00%

0.00%

Net Profit

-12

-22

-90

-52

EPS

-2.44

0.04

3.49

-4.53

-18.00

-7.15

0.48

0.36

—

Dividend Payout %

0.00%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

114

106

384

426

762

130

Trade Payables

162

Total Liabilities

267

455

592

965

133

356

417

421

115

Cash & Bank

334

160

Total Assets

267

455

592

965

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-16

-46

Cash from Investing

-6

-1

-3

-102

-69

-261

-70

-354

Cash from Financing

-6

-1

-8

122

144

234

-41

325

-18

-2

-59

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Nov 2025

Dec 2025

Mar 2026

Jun 2026

52.05

52.28

52.23

51.45

22.30

3.93

3.43

3.34

13.32

17.75

18.60

19.38

Government

0.00

12.34

26.03

25.74

25.83

Capillary Technologies India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Capillary Technologies India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI