Natural Capsules Ltd.
•₹ 151.880.32%
2026-08-21
PROS
- Company has delivered good sales growth of 18.7% CAGR over last 5 years
- Working capital cycle has improved - days down from 64 to 8
CONS
- Company is loss-making at the operating / net level
- Company has a low return on equity of -2.4% over last 3 years
- Company has a low return on capital employed of 1.0%
- Promoter holding has decreased over last 2 years: -5.6pp
- Interest coverage is weak at -1.4x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.59x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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. | SUNPHARMA | 1898.00 | 37.65 | 455393.78 | 0.84 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| 2. | DIVISLAB | 8525.00 | 77.37 | 226311.96 | 0.35 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| 3. | TORNTPHARM | 5013.00 | 87.43 | 190678.41 | 0.76 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| 4. | CIPLA | 1416.00 | 33.94 | 114392.01 | 0.92 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| 5. | ZYDUSLIFE | 1105.00 | 24.42 | 110224.17 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| 6. | LUPIN | 2220.00 | 18.36 | 101506.15 | 0.81 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| 7. | MANKIND | 2391.00 | 48.34 | 98747.34 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| 8. | DRREDDY | 1171.00 | 30.33 | 97740.54 | 0.68 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| 9. | LAURUSLABS | 1807.00 | 89.30 | 97634.42 | 0.11 | 3620.70 | 2139.42 | 20263.10 | 1191.00 | 18.20 | 31.50 |
| 10. | AUROPHARMA | 1615.15 | 25.03 | 92932.16 | 0.25 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| 11. | BIOCON | 414.30 | 136.32 | 67518.23 | 0.12 | 136.80 | 53.36 | 4336.00 | 10.89 | 3.26 | 19.54 |
| 12. | NATCAPSUQ | 147.00 | 0.00 | 153.04 | 0.00 | -5.74 | -2.94 | 48.71 | 7.77 | -4.85 | 2.30 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38 | 38 | 40 | 40 | 39 | 41 | 44 | 45 | 45 | 46 | 38 | 58 | 49 | |
| 32 | 32 | 35 | 36 | 35 | 37 | 40 | 41 | 45 | 47 | 40 | 57 | 57 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 4 |
| 3 | 2 | 2 | 1 | 1 | 1 | 0 | 1 | -6 | -8 | -9 | -5 | -6 | |
| Tax % | 32.34% | 27.10% | 32.96% | 32.87% | 23.08% | 198.39% | 80.00% | 41.57% | 7.92% | 9.22% | 21.70% | 1.97% | 1.53% |
| Net Profit | 0 | 0 | 0 | 0 | 1 | -1 | 0 | 1 | -6 | -7 | -7 | -5 | -6 |
| 2 | 2 | 1 | 1 | 1 | -1 | 0 | 0 | -5 | -7 | -7 | -5 | -1 | |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 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 | 9 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 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
- 38
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 3
- Tax %
- 32.34%
- Net Profit
- 0
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 38
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 27.10%
- Net Profit
- 0
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 40
- 35
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 32.96%
- Net Profit
- 0
- 1
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 40
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 1
- Tax %
- 32.87%
- Net Profit
- 0
- 1
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 39
- 35
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 1
- Tax %
- 23.08%
- Net Profit
- 1
- 1
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 41
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- 1
- Tax %
- 198.39%
- Net Profit
- -1
- -1
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 44
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- 0
- Tax %
- 80.00%
- Net Profit
- 0
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 45
- 41
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- 1
- Tax %
- 41.57%
- Net Profit
- 1
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 45
- 45
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 4
- -6
- Tax %
- 7.92%
- Net Profit
- -6
- -5
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 46
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 4
- -8
- Tax %
- 9.22%
- Net Profit
- -7
- -7
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 38
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 4
- -9
- Tax %
- 21.70%
- Net Profit
- -7
- -7
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 58
- 57
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 4
- -5
- Tax %
- 1.97%
- Net Profit
- -5
- -5
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 49
- 57
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 4
- -6
- Tax %
- 1.53%
- Net Profit
- -6
- -1
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 60 | 62 | 80 | 135 | 172 | 155 | 169 | 187 | 191 | |
| 49 | 55 | 56 | 68 | 111 | 138 | 137 | 152 | 190 | 201 | |
| Operating Profit | 6 | 6 | 6 | 12 | 27 | 36 | 22 | 18 | 1 | — |
| OPM % | 12 | 10 | 10 | 15 | 20 | 21 | 14 | 11 | 0 | — |
| Other Income | 1 | 1 | 1 | 1 | 2 | 2 | 4 | 1 | 3 | 4 |
| Interest | 0 | 1 | 1 | 1 | 2 | 4 | 5 | 7 | 12 | 13 |
| Depreciation | 4 | 3 | 4 | 4 | 5 | 7 | 9 | 9 | 17 | 17 |
| 2 | 2 | 1 | 9 | 19 | 25 | 8 | 3 | -28 | -28 | |
| Tax % | 34 | 7 | 37 | 25 | 28 | 26 | 31 | 78 | 12 | 10 |
| Net Profit | 1 | 2 | 1 | 7 | 14 | 18 | 6 | 1 | -25 | -25 |
| EPS | 0 | 0 | 0 | 7 | 20 | 20 | 6 | 1 | -24 | — |
| Dividend Payout % | 56 | 32 | 44 | 9 | 5 | 5 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 3 | 1 | 9 | 20 | 20 | 6 | 1 | -24 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 3 | 1 | 9 | 20 | 20 | 6 | 1 | -24 | — |
Mar 2018
- 55
- 49
- Operating Profit
- 6
- OPM %
- 12
- Other Income
- 1
- Interest
- 0
- Depreciation
- 4
- 2
- Tax %
- 34
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 60
- 55
- Operating Profit
- 6
- OPM %
- 10
- Other Income
- 1
- Interest
- 1
- Depreciation
- 3
- 2
- Tax %
- 7
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2020
- 62
- 56
- Operating Profit
- 6
- OPM %
- 10
- Other Income
- 1
- Interest
- 1
- Depreciation
- 4
- 1
- Tax %
- 37
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2021
- 80
- 68
- Operating Profit
- 12
- OPM %
- 15
- Other Income
- 1
- Interest
- 1
- Depreciation
- 4
- 9
- Tax %
- 25
- Net Profit
- 7
- EPS
- 7
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2022
- 135
- 111
- Operating Profit
- 27
- OPM %
- 20
- Other Income
- 2
- Interest
- 2
- Depreciation
- 5
- 19
- Tax %
- 28
- Net Profit
- 14
- EPS
- 20
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2023
- 172
- 138
- Operating Profit
- 36
- OPM %
- 21
- Other Income
- 2
- Interest
- 4
- Depreciation
- 7
- 25
- Tax %
- 26
- Net Profit
- 18
- EPS
- 20
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2024
- 155
- 137
- Operating Profit
- 22
- OPM %
- 14
- Other Income
- 4
- Interest
- 5
- Depreciation
- 9
- 8
- Tax %
- 31
- Net Profit
- 6
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2025
- 169
- 152
- Operating Profit
- 18
- OPM %
- 11
- Other Income
- 1
- Interest
- 7
- Depreciation
- 9
- 3
- Tax %
- 78
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2026
- 187
- 190
- Operating Profit
- 1
- OPM %
- 0
- Other Income
- 3
- Interest
- 12
- Depreciation
- 17
- -28
- Tax %
- 12
- Net Profit
- -25
- EPS
- -24
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -24
TTM
- 191
- 201
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 13
- Depreciation
- 17
- -28
- Tax %
- 10
- Net Profit
- -25
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 19%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -24%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 6%
- 3 Years:
- -2%
- Last Year:
- -11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - |
| Equity Capital | 6 | 6 | 6 | 6 | 7 | 9 | 9 | 10 | 10 |
| 48 | 49 | 49 | 56 | 76 | 114 | 194 | 222 | 210 | |
| 0 | 5 | 6 | 10 | 16 | 22 | 30 | 37 | 45 | |
| Trade Payables | 12 | 8 | 7 | 16 | 16 | 27 | 30 | 39 | 55 |
| 5 | 4 | 6 | 9 | 49 | 116 | 112 | 111 | 101 | |
| Total Liabilities | 71 | 73 | 75 | 97 | 164 | 289 | 377 | 419 | 422 |
| ASSETS | - | - | - | - | - | - | - | - | - |
| 22 | 24 | 24 | 38 | 66 | 97 | 103 | 284 | 274 | |
| Capital Work in Progress | 1 | 2 | 2 | 7 | 20 | 88 | 144 | 0 | 4 |
| 5 | 5 | 6 | 0 | 0 | 0 | 3 | 3 | 3 | |
| 8 | 4 | 5 | 7 | 5 | 9 | 19 | 25 | 26 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 54 | 62 | 71 | |
| Cash & Bank | 1 | 1 | 1 | 2 | 5 | 7 | 13 | 5 | 5 |
| 34 | 36 | 37 | 44 | 68 | 89 | 40 | 40 | 38 | |
| Total Assets | 71 | 73 | 75 | 97 | 164 | 289 | 377 | 419 | 422 |
| Total Debt | 0 | 5 | 6 | 10 | 52 | 97 | 109 | 104 | 114 |
| Net Working Capital | 27 | 22 | 20 | 16 | 31 | 35 | 47 | 30 | 4 |
| Contingent Liabilities | 1 | 42 | 5 | 1 | 97 | 49 | 71 | 71 | 75 |
| Book Value per Share | 87.16 | 89.04 | 89.24 | 99.63 | 118.34 | 132.85 | 218.27 | 224.86 | 212.23 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 5 | 6 | 10 | 52 | 97 | 109 | 104 | 114 |
| Net Working Capital | 27 | 22 | 20 | 16 | 31 | 35 | 47 | 30 | 4 |
| Contingent Liabilities | 1 | 42 | 5 | 1 | 97 | 49 | 71 | 71 | 75 |
| Book Value per Share | 87.16 | 89.04 | 89.24 | 99.63 | 118.34 | 132.85 | 218.27 | 224.86 | 212.23 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2018
- Equity Capital
- 6
- 48
- 0
- Trade Payables
- 12
- 5
- Total Liabilities
- 71
- 22
- Capital Work in Progress
- 1
- 5
- 8
- 0
- Cash & Bank
- 1
- 34
- Total Assets
- 71
- Total Debt
- 0
- Net Working Capital
- 27
- Contingent Liabilities
- 1
- Book Value per Share
- 87.16
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 27
- Contingent Liabilities
- 1
- Book Value per Share
- 87.16
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 6
- 49
- 5
- Trade Payables
- 8
- 4
- Total Liabilities
- 73
- 24
- Capital Work in Progress
- 2
- 5
- 4
- 0
- Cash & Bank
- 1
- 36
- Total Assets
- 73
- Total Debt
- 5
- Net Working Capital
- 22
- Contingent Liabilities
- 42
- Book Value per Share
- 89.04
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 22
- Contingent Liabilities
- 42
- Book Value per Share
- 89.04
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 6
- 49
- 6
- Trade Payables
- 7
- 6
- Total Liabilities
- 75
- 24
- Capital Work in Progress
- 2
- 6
- 5
- 0
- Cash & Bank
- 1
- 37
- Total Assets
- 75
- Total Debt
- 6
- Net Working Capital
- 20
- Contingent Liabilities
- 5
- Book Value per Share
- 89.24
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 20
- Contingent Liabilities
- 5
- Book Value per Share
- 89.24
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 6
- 56
- 10
- Trade Payables
- 16
- 9
- Total Liabilities
- 97
- 38
- Capital Work in Progress
- 7
- 0
- 7
- 0
- Cash & Bank
- 2
- 44
- Total Assets
- 97
- Total Debt
- 10
- Net Working Capital
- 16
- Contingent Liabilities
- 1
- Book Value per Share
- 99.63
- Face Value
- 10.00
- Total Debt
- 10
- Net Working Capital
- 16
- Contingent Liabilities
- 1
- Book Value per Share
- 99.63
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 7
- 76
- 16
- Trade Payables
- 16
- 49
- Total Liabilities
- 164
- 66
- Capital Work in Progress
- 20
- 0
- 5
- 0
- Cash & Bank
- 5
- 68
- Total Assets
- 164
- Total Debt
- 52
- Net Working Capital
- 31
- Contingent Liabilities
- 97
- Book Value per Share
- 118.34
- Face Value
- 10.00
- Total Debt
- 52
- Net Working Capital
- 31
- Contingent Liabilities
- 97
- Book Value per Share
- 118.34
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 9
- 114
- 22
- Trade Payables
- 27
- 116
- Total Liabilities
- 289
- 97
- Capital Work in Progress
- 88
- 0
- 9
- 0
- Cash & Bank
- 7
- 89
- Total Assets
- 289
- Total Debt
- 97
- Net Working Capital
- 35
- Contingent Liabilities
- 49
- Book Value per Share
- 132.85
- Face Value
- 10.00
- Total Debt
- 97
- Net Working Capital
- 35
- Contingent Liabilities
- 49
- Book Value per Share
- 132.85
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 9
- 194
- 30
- Trade Payables
- 30
- 112
- Total Liabilities
- 377
- 103
- Capital Work in Progress
- 144
- 3
- 19
- 54
- Cash & Bank
- 13
- 40
- Total Assets
- 377
- Total Debt
- 109
- Net Working Capital
- 47
- Contingent Liabilities
- 71
- Book Value per Share
- 218.27
- Face Value
- 10.00
- Total Debt
- 109
- Net Working Capital
- 47
- Contingent Liabilities
- 71
- Book Value per Share
- 218.27
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 10
- 222
- 37
- Trade Payables
- 39
- 111
- Total Liabilities
- 419
- 284
- Capital Work in Progress
- 0
- 3
- 25
- 62
- Cash & Bank
- 5
- 40
- Total Assets
- 419
- Total Debt
- 104
- Net Working Capital
- 30
- Contingent Liabilities
- 71
- Book Value per Share
- 224.86
- Face Value
- 10.00
- Total Debt
- 104
- Net Working Capital
- 30
- Contingent Liabilities
- 71
- Book Value per Share
- 224.86
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 10
- 210
- 45
- Trade Payables
- 55
- 101
- Total Liabilities
- 422
- 274
- Capital Work in Progress
- 4
- 3
- 26
- 71
- Cash & Bank
- 5
- 38
- Total Assets
- 422
- Total Debt
- 114
- Net Working Capital
- 4
- Contingent Liabilities
- 75
- Book Value per Share
- 212.23
- Face Value
- 10.00
- Total Debt
- 114
- Net Working Capital
- 4
- Contingent Liabilities
- 75
- Book Value per Share
- 212.23
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 5 | 2 | 7 | 6 | -1 | 17 | -8 | 27 | 11 | |
| Cash from Investing | -1 | -7 | -6 | -9 | -46 | -105 | -73 | -44 | -11 |
| Cash from Financing | -4 | 4 | -1 | 3 | 48 | 87 | 82 | 16 | -1 |
| 0 | -1 | 0 | -0 | 1 | 0 | 1 | -2 | -0 | |
| Free Cash Flow | 5 | -4 | 4 | -16 | -39 | -88 | -79 | -19 | -1 |
| OCF / Net Profit | 4.81 | 1.09 | 8.40 | 0.84 | -0.04 | 0.93 | -1.50 | 43.33 | -0.44 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -143 | -218 | -241 | -226 |
| OCF / Net Profit | 4.81 | 1.09 | 8.40 | 0.84 | -0.04 | 0.93 | -1.50 | 43.33 | -0.44 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -143 | -218 | -241 | -226 |
Mar 2018
- 5
- Cash from Investing
- -1
- Cash from Financing
- -4
- 0
- Free Cash Flow
- 5
- OCF / Net Profit
- 4.81
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.81
- Cumulative 5-Year FCF
- 0
Mar 2019
- 2
- Cash from Investing
- -7
- Cash from Financing
- 4
- -1
- Free Cash Flow
- -4
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 0
Mar 2020
- 7
- Cash from Investing
- -6
- Cash from Financing
- -1
- 0
- Free Cash Flow
- 4
- OCF / Net Profit
- 8.40
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 8.40
- Cumulative 5-Year FCF
- 0
Mar 2021
- 6
- Cash from Investing
- -9
- Cash from Financing
- 3
- -0
- Free Cash Flow
- -16
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
Mar 2022
- -1
- Cash from Investing
- -46
- Cash from Financing
- 48
- 1
- Free Cash Flow
- -39
- OCF / Net Profit
- -0.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.04
- Cumulative 5-Year FCF
- 0
Mar 2023
- 17
- Cash from Investing
- -105
- Cash from Financing
- 87
- 0
- Free Cash Flow
- -88
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- -143
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- -143
Mar 2024
- -8
- Cash from Investing
- -73
- Cash from Financing
- 82
- 1
- Free Cash Flow
- -79
- OCF / Net Profit
- -1.50
- Cumulative 5-Year FCF
- -218
- OCF / Net Profit
- -1.50
- Cumulative 5-Year FCF
- -218
Mar 2025
- 27
- Cash from Investing
- -44
- Cash from Financing
- 16
- -2
- Free Cash Flow
- -19
- OCF / Net Profit
- 43.33
- Cumulative 5-Year FCF
- -241
- OCF / Net Profit
- 43.33
- Cumulative 5-Year FCF
- -241
Mar 2026
- 11
- Cash from Investing
- -11
- Cash from Financing
- -1
- -0
- Free Cash Flow
- -1
- OCF / Net Profit
- -0.44
- Cumulative 5-Year FCF
- -226
- OCF / Net Profit
- -0.44
- Cumulative 5-Year FCF
- -226
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.78 | 3.08 | 1.38 | 10.99 | 19.56 | 19.89 | 5.95 | 0.60 | -23.75 |
| Book Value (₹) | 87.16 | 89.04 | 89.24 | 99.63 | 118.34 | 132.85 | 218.27 | 224.86 | 212.23 |
| Dividend per Share (₹) | 1.00 | 1.00 | 0.60 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 7.16 | 6.73 | 6.55 | 14.76 | 27.03 | 27.66 | 15.24 | 9.41 | -7.24 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.60% | 10.35% | 10.40% | 14.88% | 19.63% | 20.84% | 11.86% | 10.42% | -1.38% |
| Net Margin % | 2.03% | 3.21% | 1.39% | 8.69% | 10.30% | 10.70% | 3.57% | 0.36% | -13.17% |
| ROE % | 2.05% | 3.50% | 1.54% | 11.74% | 19.18% | 17.89% | 3.40% | 0.28% | -10.89% |
| ROCE % | 3.71% | 4.51% | 3.71% | 14.52% | 20.75% | 16.18% | 5.00% | 2.87% | -4.85% |
| 1.56% | 2.66% | 1.16% | 8.05% | 10.65% | 8.14% | 1.67% | 0.16% | -5.87% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - |
| Debtor Days | 208 | 194 | 185 | 131 | 72 | 83 | 125 | 126 | 130 |
| Inventory Days | 51 | 37 | 28 | 27 | 15 | 14 | 33 | 48 | 50 |
| Payable Days | 185 | 140 | 99 | 112 | 98 | 101 | 134 | 148 | 167 |
| 75 | 91 | 115 | 46 | -11 | -3 | 24 | 26 | 13 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.10x | 0.11x | 0.16x | 0.63x | 0.78x | 0.54x | 0.45x | 0.52x |
| Interest Coverage (x) | 6.03x | 4.90x | 2.51x | 17.84x | 10.31x | 7.70x | 2.53x | 1.43x | -1.40x |
| 2.80x | 2.34x | 2.10x | 1.49x | 1.69x | 1.52x | 1.62x | 1.30x | 1.03x | |
| GROWTH | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 9.18% | 2.97% | 29.18% | 69.86% | 27.62% | -9.84% | 8.87% | 10.64% |
| Operating Profit Growth % | 0.00% | -2.52% | 3.39% | 84.85% | 124.10% | 35.54% | -38.80% | -16.12% | -95.41% |
| Net Profit Growth % | 0.00% | 72.84% | -55.35% | 706.04% | 101.29% | 32.57% | -69.89% | -88.88% | -4094.72% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -70.08% | -89.97% | -4077.60% | |
| VALUATION | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 51.33x | 308.54x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.40x | 0.82x | 0.68x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.31x | 15.67x | 306.59x |
Mar 2018
- EPS (₹)
- 1.78
- Book Value (₹)
- 87.16
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 7.16
- Operating Margin %
- 11.60%
- Net Margin %
- 2.03%
- ROE %
- 2.05%
- ROCE %
- 3.71%
- 1.56%
- Debtor Days
- 208
- Inventory Days
- 51
- Payable Days
- 185
- 75
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 6.03x
- 2.80x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 3.08
- Book Value (₹)
- 89.04
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 6.73
- Operating Margin %
- 10.35%
- Net Margin %
- 3.21%
- ROE %
- 3.50%
- ROCE %
- 4.51%
- 2.66%
- Debtor Days
- 194
- Inventory Days
- 37
- Payable Days
- 140
- 91
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 4.90x
- 2.34x
- Revenue Growth %
- 9.18%
- Operating Profit Growth %
- -2.52%
- Net Profit Growth %
- 72.84%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.38
- Book Value (₹)
- 89.24
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 6.55
- Operating Margin %
- 10.40%
- Net Margin %
- 1.39%
- ROE %
- 1.54%
- ROCE %
- 3.71%
- 1.16%
- Debtor Days
- 185
- Inventory Days
- 28
- Payable Days
- 99
- 115
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 2.51x
- 2.10x
- Revenue Growth %
- 2.97%
- Operating Profit Growth %
- 3.39%
- Net Profit Growth %
- -55.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 10.99
- Book Value (₹)
- 99.63
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 14.76
- Operating Margin %
- 14.88%
- Net Margin %
- 8.69%
- ROE %
- 11.74%
- ROCE %
- 14.52%
- 8.05%
- Debtor Days
- 131
- Inventory Days
- 27
- Payable Days
- 112
- 46
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 17.84x
- 1.49x
- Revenue Growth %
- 29.18%
- Operating Profit Growth %
- 84.85%
- Net Profit Growth %
- 706.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 19.56
- Book Value (₹)
- 118.34
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 27.03
- Operating Margin %
- 19.63%
- Net Margin %
- 10.30%
- ROE %
- 19.18%
- ROCE %
- 20.75%
- 10.65%
- Debtor Days
- 72
- Inventory Days
- 15
- Payable Days
- 98
- -11
- Debt to Equity (x)
- 0.63x
- Interest Coverage (x)
- 10.31x
- 1.69x
- Revenue Growth %
- 69.86%
- Operating Profit Growth %
- 124.10%
- Net Profit Growth %
- 101.29%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 19.89
- Book Value (₹)
- 132.85
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 27.66
- Operating Margin %
- 20.84%
- Net Margin %
- 10.70%
- ROE %
- 17.89%
- ROCE %
- 16.18%
- 8.14%
- Debtor Days
- 83
- Inventory Days
- 14
- Payable Days
- 101
- -3
- Debt to Equity (x)
- 0.78x
- Interest Coverage (x)
- 7.70x
- 1.52x
- Revenue Growth %
- 27.62%
- Operating Profit Growth %
- 35.54%
- Net Profit Growth %
- 32.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 5.95
- Book Value (₹)
- 218.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.24
- Operating Margin %
- 11.86%
- Net Margin %
- 3.57%
- ROE %
- 3.40%
- ROCE %
- 5.00%
- 1.67%
- Debtor Days
- 125
- Inventory Days
- 33
- Payable Days
- 134
- 24
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 2.53x
- 1.62x
- Revenue Growth %
- -9.84%
- Operating Profit Growth %
- -38.80%
- Net Profit Growth %
- -69.89%
- -70.08%
- P/E (x)
- 51.33x
- P/B (x)
- 1.40x
- Dividend Yield %
- 0.00%
- 17.31x
Mar 2025
- EPS (₹)
- 0.60
- Book Value (₹)
- 224.86
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.41
- Operating Margin %
- 10.42%
- Net Margin %
- 0.36%
- ROE %
- 0.28%
- ROCE %
- 2.87%
- 0.16%
- Debtor Days
- 126
- Inventory Days
- 48
- Payable Days
- 148
- 26
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 1.43x
- 1.30x
- Revenue Growth %
- 8.87%
- Operating Profit Growth %
- -16.12%
- Net Profit Growth %
- -88.88%
- -89.97%
- P/E (x)
- 308.54x
- P/B (x)
- 0.82x
- Dividend Yield %
- 0.00%
- 15.67x
Mar 2026
- EPS (₹)
- -23.75
- Book Value (₹)
- 212.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -7.24
- Operating Margin %
- -1.38%
- Net Margin %
- -13.17%
- ROE %
- -10.89%
- ROCE %
- -4.85%
- -5.87%
- Debtor Days
- 130
- Inventory Days
- 50
- Payable Days
- 167
- 13
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- -1.40x
- 1.03x
- Revenue Growth %
- 10.64%
- Operating Profit Growth %
- -95.41%
- Net Profit Growth %
- -4094.72%
- -4077.60%
- P/E (x)
- 0.00x
- P/B (x)
- 0.68x
- Dividend Yield %
- 0.00%
- 306.59x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-19 - Natural Capsules Limited has informed the Exchange about Copy of Newspaper Publication
- Copy of Newspaper Publication
2026-08-19 - Natural Capsules Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jun 2026
May 2026