Natural Capsules Ltd.
•₹ 151.880.32%
2026-08-21
PROS
- Latest quarter profit grew 60.2% YoY, showing strong momentum
- Company has delivered good sales growth of 16.9% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.32x)
- Working capital cycle has improved - days down from 46 to 2
- Stock looks reasonably valued - P/E of 13.4 is below its historical median
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (66.3% of PBT)
- Company has a low return on equity of 5.7% over last 3 years
- Promoter holding has decreased over last 2 years: -5.6pp
- Company has a low return on capital employed of 8.4%
- Operating margins have contracted to 11.2% from 21.3%
* 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 | 1901.00 | 37.71 | 456113.58 | 0.84 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| 2. | DIVISLAB | 8587.00 | 77.93 | 227957.87 | 0.35 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| 3. | TORNTPHARM | 4994.90 | 87.11 | 189989.94 | 0.76 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| 4. | CIPLA | 1437.65 | 34.46 | 116141.01 | 0.90 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| 5. | ZYDUSLIFE | 1108.80 | 24.51 | 110603.22 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| 6. | LUPIN | 2203.10 | 18.22 | 100733.42 | 0.82 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| 7. | DRREDDY | 1181.35 | 30.60 | 98604.43 | 0.68 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| 8. | MANKIND | 2385.00 | 48.22 | 98499.54 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| 9. | LAURUSLABS | 1823.00 | 90.09 | 98498.92 | 0.11 | 3620.70 | 2139.42 | 20263.10 | 1191.00 | 18.20 | 31.50 |
| 10. | AUROPHARMA | 1606.40 | 24.90 | 92428.71 | 0.25 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| 11. | BIOCON | 412.10 | 135.59 | 67159.70 | 0.12 | 136.80 | 53.36 | 4336.00 | 10.89 | 3.26 | 19.54 |
| 12. | NATCAPSUQ | 151.60 | 0.00 | 157.83 | 0.00 | -5.74 | -2.94 | 48.71 | 7.77 | -4.85 | 2.30 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 38 | 40 | 39 | 41 | 43 | 44 | 44 | 45 | 34 | 51 | 43 | |
| 32 | 32 | 33 | 36 | 34 | 36 | 39 | 39 | 39 | 39 | 32 | 42 | 40 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 0 | 7 | 6 | |
| Tax % | 25.90% | 22.44% | 25.76% | 24.89% | 24.74% | 53.96% | 23.08% | 16.29% | 27.59% | 24.05% | 21.74% | 25.71% | 28.72% |
| Net Profit | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 3 | 3 | 3 | 0 | 6 | 4 |
| 3 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 0 | 5 | 0 | |
| 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
- 1
- Interest
- 1
- Depreciation
- 2
- 3
- Tax %
- 25.90%
- Net Profit
- 2
- 3
- 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
- 1
- Interest
- 1
- Depreciation
- 2
- 3
- Tax %
- 22.44%
- Net Profit
- 2
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 38
- 33
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 25.76%
- Net Profit
- 2
- 2
- 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
- 2
- Tax %
- 24.89%
- Net Profit
- 2
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 39
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 24.74%
- Net Profit
- 1
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 41
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 2
- 2
- Tax %
- 53.96%
- Net Profit
- 1
- 1
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 43
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 23.08%
- Net Profit
- 2
- 2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 44
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 2
- 3
- Tax %
- 16.29%
- Net Profit
- 3
- 2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 44
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 3
- Tax %
- 27.59%
- Net Profit
- 3
- 2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 45
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 4
- Tax %
- 24.05%
- Net Profit
- 3
- 3
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 34
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 0
- Tax %
- 21.74%
- Net Profit
- 0
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 51
- 42
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 7
- Tax %
- 25.71%
- Net Profit
- 6
- 5
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 43
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 28.72%
- Net Profit
- 4
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 54 | 55 | 60 | 62 | 80 | 135 | 173 | 154 | 168 | 174 | 173 | |
| 49 | 49 | 55 | 56 | 68 | 111 | 138 | 135 | 149 | 154 | 153 | |
| Operating Profit | 6 | 6 | 6 | 6 | 12 | 27 | 37 | 24 | 24 | 29 | — |
| OPM % | 11 | 12 | 10 | 10 | 15 | 20 | 21 | 16 | 14 | 17 | — |
| Other Income | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 4 | 10 | 8 |
| Interest | 1 | 0 | 1 | 1 | 1 | 2 | 4 | 5 | 6 | 6 | 6 |
| Depreciation | 4 | 4 | 3 | 4 | 4 | 5 | 7 | 9 | 8 | 8 | 8 |
| 0 | 2 | 2 | 1 | 9 | 19 | 26 | 10 | 9 | 15 | 17 | |
| Tax % | -99 | 34 | 7 | 37 | 24 | 28 | 25 | 25 | 28 | 26 | 26 |
| Net Profit | 1 | 1 | 2 | 1 | 7 | 14 | 19 | 8 | 7 | 11 | 13 |
| EPS | 0 | 0 | 0 | 0 | 7 | 20 | 21 | 8 | 6 | 11 | — |
| Dividend Payout % | 99 | 56 | 32 | 44 | 9 | 5 | 5 | 0 | 0 | 0 | — |
| 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 | 0 |
| Adjusted EPS | 1 | 1 | 3 | 1 | 9 | 20 | 21 | 8 | 6 | 11 | — |
| 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 | 0 |
| Adjusted EPS | 1 | 1 | 3 | 1 | 9 | 20 | 21 | 8 | 6 | 11 | — |
Mar 2017
- 54
- 49
- Operating Profit
- 6
- OPM %
- 11
- Other Income
- 1
- Interest
- 1
- Depreciation
- 4
- 0
- Tax %
- -99
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 99
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
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 %
- 24
- 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
- 173
- 138
- Operating Profit
- 37
- OPM %
- 21
- Other Income
- 2
- Interest
- 4
- Depreciation
- 7
- 26
- Tax %
- 25
- Net Profit
- 19
- EPS
- 21
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2024
- 154
- 135
- Operating Profit
- 24
- OPM %
- 16
- Other Income
- 5
- Interest
- 5
- Depreciation
- 9
- 10
- Tax %
- 25
- Net Profit
- 8
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 168
- 149
- Operating Profit
- 24
- OPM %
- 14
- Other Income
- 4
- Interest
- 6
- Depreciation
- 8
- 9
- Tax %
- 28
- Net Profit
- 7
- 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 2026
- 174
- 154
- Operating Profit
- 29
- OPM %
- 17
- Other Income
- 10
- Interest
- 6
- Depreciation
- 8
- 15
- Tax %
- 26
- Net Profit
- 11
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
TTM
- 173
- 153
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 6
- Depreciation
- 8
- 17
- Tax %
- 26
- Net Profit
- 13
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 17%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- 10%
- 3 Years:
- -16%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -22%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 11%
- 3 Years:
- 6%
- Last Year:
- 7%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | 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 | 6 | 7 | 9 | 9 | 10 | 10 |
| 48 | 48 | 49 | 49 | 56 | 76 | 115 | 122 | 156 | 168 | |
| 3 | 0 | 5 | 6 | 10 | 16 | 22 | 29 | 30 | 33 | |
| Trade Payables | 11 | 12 | 8 | 7 | 16 | 16 | 27 | 30 | 37 | 42 |
| 4 | 5 | 4 | 6 | 9 | 28 | 37 | 41 | 37 | 42 | |
| Total Liabilities | 71 | 71 | 73 | 75 | 97 | 143 | 210 | 231 | 270 | 296 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 26 | 22 | 24 | 24 | 35 | 63 | 93 | 91 | 88 | 88 | |
| Capital Work in Progress | 0 | 1 | 2 | 2 | 3 | 1 | 0 | 2 | 0 | 2 |
| 5 | 5 | 5 | 6 | 0 | 0 | 20 | 23 | 23 | 23 | |
| 8 | 8 | 4 | 5 | 7 | 5 | 8 | 18 | 21 | 20 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54 | 63 | 61 | |
| Cash & Bank | 0 | 1 | 0 | 1 | 0 | 3 | 2 | 9 | 3 | 2 |
| 32 | 34 | 36 | 37 | 52 | 72 | 87 | 36 | 72 | 100 | |
| Total Assets | 71 | 71 | 73 | 75 | 97 | 143 | 210 | 231 | 270 | 296 |
| Total Debt | 3 | 0 | 5 | 6 | 10 | 33 | 49 | 62 | 55 | 58 |
| Net Working Capital | 23 | 27 | 22 | 20 | 23 | 14 | 14 | 22 | 21 | 1 |
| Contingent Liabilities | 0 | 1 | 42 | 5 | 1 | 97 | 49 | 71 | 71 | 75 |
| Book Value per Share | 86.58 | 87.16 | 89.04 | 89.24 | 99.68 | 118.45 | 133.74 | 141.19 | 160.44 | 171.86 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 3 | 0 | 5 | 6 | 10 | 33 | 49 | 62 | 55 | 58 |
| Net Working Capital | 23 | 27 | 22 | 20 | 23 | 14 | 14 | 22 | 21 | 1 |
| Contingent Liabilities | 0 | 1 | 42 | 5 | 1 | 97 | 49 | 71 | 71 | 75 |
| Book Value per Share | 86.58 | 87.16 | 89.04 | 89.24 | 99.68 | 118.45 | 133.74 | 141.19 | 160.44 | 171.86 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 6
- 48
- 3
- Trade Payables
- 11
- 4
- Total Liabilities
- 71
- 26
- Capital Work in Progress
- 0
- 5
- 8
- 0
- Cash & Bank
- 0
- 32
- Total Assets
- 71
- Total Debt
- 3
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 86.58
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 86.58
- Face Value
- 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
- 0
- 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
- 35
- Capital Work in Progress
- 3
- 0
- 7
- 0
- Cash & Bank
- 0
- 52
- Total Assets
- 97
- Total Debt
- 10
- Net Working Capital
- 23
- Contingent Liabilities
- 1
- Book Value per Share
- 99.68
- Face Value
- 10.00
- Total Debt
- 10
- Net Working Capital
- 23
- Contingent Liabilities
- 1
- Book Value per Share
- 99.68
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 7
- 76
- 16
- Trade Payables
- 16
- 28
- Total Liabilities
- 143
- 63
- Capital Work in Progress
- 1
- 0
- 5
- 0
- Cash & Bank
- 3
- 72
- Total Assets
- 143
- Total Debt
- 33
- Net Working Capital
- 14
- Contingent Liabilities
- 97
- Book Value per Share
- 118.45
- Face Value
- 10.00
- Total Debt
- 33
- Net Working Capital
- 14
- Contingent Liabilities
- 97
- Book Value per Share
- 118.45
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 9
- 115
- 22
- Trade Payables
- 27
- 37
- Total Liabilities
- 210
- 93
- Capital Work in Progress
- 0
- 20
- 8
- 0
- Cash & Bank
- 2
- 87
- Total Assets
- 210
- Total Debt
- 49
- Net Working Capital
- 14
- Contingent Liabilities
- 49
- Book Value per Share
- 133.74
- Face Value
- 10.00
- Total Debt
- 49
- Net Working Capital
- 14
- Contingent Liabilities
- 49
- Book Value per Share
- 133.74
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 9
- 122
- 29
- Trade Payables
- 30
- 41
- Total Liabilities
- 231
- 91
- Capital Work in Progress
- 2
- 23
- 18
- 54
- Cash & Bank
- 9
- 36
- Total Assets
- 231
- Total Debt
- 62
- Net Working Capital
- 22
- Contingent Liabilities
- 71
- Book Value per Share
- 141.19
- Face Value
- 10.00
- Total Debt
- 62
- Net Working Capital
- 22
- Contingent Liabilities
- 71
- Book Value per Share
- 141.19
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 10
- 156
- 30
- Trade Payables
- 37
- 37
- Total Liabilities
- 270
- 88
- Capital Work in Progress
- 0
- 23
- 21
- 63
- Cash & Bank
- 3
- 72
- Total Assets
- 270
- Total Debt
- 55
- Net Working Capital
- 21
- Contingent Liabilities
- 71
- Book Value per Share
- 160.44
- Face Value
- 10.00
- Total Debt
- 55
- Net Working Capital
- 21
- Contingent Liabilities
- 71
- Book Value per Share
- 160.44
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 10
- 168
- 33
- Trade Payables
- 42
- 42
- Total Liabilities
- 296
- 88
- Capital Work in Progress
- 2
- 23
- 20
- 61
- Cash & Bank
- 2
- 100
- Total Assets
- 296
- Total Debt
- 58
- Net Working Capital
- 1
- Contingent Liabilities
- 75
- Book Value per Share
- 171.86
- Face Value
- 10.00
- Total Debt
- 58
- Net Working Capital
- 1
- Contingent Liabilities
- 75
- Book Value per Share
- 171.86
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 5 | 2 | 7 | 6 | 5 | 20 | 5 | 18 | 36 | |
| Cash from Investing | -0 | -1 | -7 | -6 | -9 | -30 | -55 | -11 | -34 | -34 |
| Cash from Financing | -2 | -4 | 4 | -1 | 3 | 27 | 34 | 7 | 15 | -3 |
| 0 | 0 | -1 | 0 | -0 | 1 | -1 | 2 | -2 | -0 | |
| Free Cash Flow | 2 | 4 | -4 | 4 | -9 | -17 | -16 | -3 | 14 | 26 |
| OCF / Net Profit | 3.05 | 4.81 | 1.09 | 8.40 | 0.83 | 0.36 | 1.05 | 0.69 | 2.69 | 3.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -3 | -22 | -43 | -42 | -31 | 4 |
| OCF / Net Profit | 3.05 | 4.81 | 1.09 | 8.40 | 0.83 | 0.36 | 1.05 | 0.69 | 2.69 | 3.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -3 | -22 | -43 | -42 | -31 | 4 |
Mar 2017
- 2
- Cash from Investing
- -0
- Cash from Financing
- -2
- 0
- Free Cash Flow
- 2
- OCF / Net Profit
- 3.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.05
- Cumulative 5-Year FCF
- 0
Mar 2018
- 5
- Cash from Investing
- -1
- Cash from Financing
- -4
- 0
- Free Cash Flow
- 4
- 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
- -9
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- -3
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- -3
Mar 2022
- 5
- Cash from Investing
- -30
- Cash from Financing
- 27
- 1
- Free Cash Flow
- -17
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- -22
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- -22
Mar 2023
- 20
- Cash from Investing
- -55
- Cash from Financing
- 34
- -1
- Free Cash Flow
- -16
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- -43
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- -43
Mar 2024
- 5
- Cash from Investing
- -11
- Cash from Financing
- 7
- 2
- Free Cash Flow
- -3
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- -42
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- -42
Mar 2025
- 18
- Cash from Investing
- -34
- Cash from Financing
- 15
- -2
- Free Cash Flow
- 14
- OCF / Net Profit
- 2.69
- Cumulative 5-Year FCF
- -31
- OCF / Net Profit
- 2.69
- Cumulative 5-Year FCF
- -31
Mar 2026
- 36
- Cash from Investing
- -34
- Cash from Financing
- -3
- -0
- Free Cash Flow
- 26
- OCF / Net Profit
- 3.22
- Cumulative 5-Year FCF
- 4
- OCF / Net Profit
- 3.22
- Cumulative 5-Year FCF
- 4
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.01 | 1.78 | 3.08 | 1.38 | 11.15 | 19.90 | 20.70 | 8.36 | 6.49 | 10.80 |
| Book Value (₹) | 86.58 | 87.16 | 89.04 | 89.24 | 99.68 | 118.45 | 133.74 | 141.19 | 160.44 | 171.86 |
| Dividend per Share (₹) | 1.00 | 1.00 | 1.00 | 0.60 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 6.51 | 7.16 | 6.73 | 6.55 | 14.81 | 27.09 | 28.46 | 17.55 | 14.54 | 18.66 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.09% | 11.60% | 10.35% | 10.40% | 14.92% | 19.65% | 21.30% | 12.54% | 11.50% | 11.20% |
| Net Margin % | 1.17% | 2.03% | 3.21% | 1.39% | 8.74% | 10.33% | 11.11% | 5.07% | 4.00% | 6.45% |
| ROE % | 1.17% | 2.05% | 3.50% | 1.54% | 11.80% | 19.22% | 18.54% | 6.10% | 4.51% | 6.51% |
| ROCE % | 1.77% | 3.63% | 4.51% | 3.71% | 14.57% | 22.93% | 20.50% | 8.44% | 7.41% | 9.28% |
| 0.84% | 1.56% | 2.66% | 1.16% | 8.11% | 11.62% | 10.85% | 3.53% | 2.68% | 3.96% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 192 | 198 | 194 | 185 | 131 | 72 | 83 | 125 | 127 | 131 |
| Inventory Days | 61 | 52 | 37 | 28 | 27 | 15 | 14 | 31 | 42 | 43 |
| Payable Days | 155 | 173 | 140 | 99 | 112 | 98 | 100 | 135 | 146 | 167 |
| 98 | 77 | 91 | 115 | 46 | -11 | -4 | 21 | 23 | 7 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.05x | 0.00x | 0.10x | 0.11x | 0.15x | 0.39x | 0.40x | 0.47x | 0.33x | 0.33x |
| Interest Coverage (x) | 1.43x | 6.03x | 4.90x | 2.51x | 17.91x | 10.33x | 7.64x | 3.04x | 2.53x | 3.42x |
| 2.53x | 2.80x | 2.34x | 2.10x | 1.71x | 1.32x | 1.24x | 1.31x | 1.28x | 1.01x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -13.55% | 2.07% | 9.18% | 2.97% | 29.18% | 69.86% | 27.99% | -11.03% | 9.19% | 3.47% |
| Operating Profit Growth % | -45.66% | 6.71% | -2.52% | 3.39% | 85.40% | 123.76% | 38.69% | -34.67% | -1.40% | 24.22% |
| Net Profit Growth % | -85.53% | 76.96% | 72.84% | -55.35% | 710.11% | 100.86% | 37.58% | -59.35% | -14.02% | 67.09% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -59.59% | -22.41% | 66.37% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 36.53x | 28.38x | 13.37x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.16x | 1.15x | 0.84x |
| Dividend Yield % | 0.00% | 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 | 0.00x | 14.04x | 10.24x | 6.99x |
Mar 2017
- EPS (₹)
- 1.01
- Book Value (₹)
- 86.58
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 6.51
- Operating Margin %
- 11.09%
- Net Margin %
- 1.17%
- ROE %
- 1.17%
- ROCE %
- 1.77%
- 0.84%
- Debtor Days
- 192
- Inventory Days
- 61
- Payable Days
- 155
- 98
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 1.43x
- 2.53x
- Revenue Growth %
- -13.55%
- Operating Profit Growth %
- -45.66%
- Net Profit Growth %
- -85.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
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 %
- 3.63%
- 1.56%
- Debtor Days
- 198
- Inventory Days
- 52
- Payable Days
- 173
- 77
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 6.03x
- 2.80x
- Revenue Growth %
- 2.07%
- Operating Profit Growth %
- 6.71%
- Net Profit Growth %
- 76.96%
- 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 (₹)
- 11.15
- Book Value (₹)
- 99.68
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 14.81
- Operating Margin %
- 14.92%
- Net Margin %
- 8.74%
- ROE %
- 11.80%
- ROCE %
- 14.57%
- 8.11%
- Debtor Days
- 131
- Inventory Days
- 27
- Payable Days
- 112
- 46
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 17.91x
- 1.71x
- Revenue Growth %
- 29.18%
- Operating Profit Growth %
- 85.40%
- Net Profit Growth %
- 710.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 19.90
- Book Value (₹)
- 118.45
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 27.09
- Operating Margin %
- 19.65%
- Net Margin %
- 10.33%
- ROE %
- 19.22%
- ROCE %
- 22.93%
- 11.62%
- Debtor Days
- 72
- Inventory Days
- 15
- Payable Days
- 98
- -11
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 10.33x
- 1.32x
- Revenue Growth %
- 69.86%
- Operating Profit Growth %
- 123.76%
- Net Profit Growth %
- 100.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 20.70
- Book Value (₹)
- 133.74
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 28.46
- Operating Margin %
- 21.30%
- Net Margin %
- 11.11%
- ROE %
- 18.54%
- ROCE %
- 20.50%
- 10.85%
- Debtor Days
- 83
- Inventory Days
- 14
- Payable Days
- 100
- -4
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 7.64x
- 1.24x
- Revenue Growth %
- 27.99%
- Operating Profit Growth %
- 38.69%
- Net Profit Growth %
- 37.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 8.36
- Book Value (₹)
- 141.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 17.55
- Operating Margin %
- 12.54%
- Net Margin %
- 5.07%
- ROE %
- 6.10%
- ROCE %
- 8.44%
- 3.53%
- Debtor Days
- 125
- Inventory Days
- 31
- Payable Days
- 135
- 21
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 3.04x
- 1.31x
- Revenue Growth %
- -11.03%
- Operating Profit Growth %
- -34.67%
- Net Profit Growth %
- -59.35%
- -59.59%
- P/E (x)
- 36.53x
- P/B (x)
- 2.16x
- Dividend Yield %
- 0.00%
- 14.04x
Mar 2025
- EPS (₹)
- 6.49
- Book Value (₹)
- 160.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.54
- Operating Margin %
- 11.50%
- Net Margin %
- 4.00%
- ROE %
- 4.51%
- ROCE %
- 7.41%
- 2.68%
- Debtor Days
- 127
- Inventory Days
- 42
- Payable Days
- 146
- 23
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 2.53x
- 1.28x
- Revenue Growth %
- 9.19%
- Operating Profit Growth %
- -1.40%
- Net Profit Growth %
- -14.02%
- -22.41%
- P/E (x)
- 28.38x
- P/B (x)
- 1.15x
- Dividend Yield %
- 0.00%
- 10.24x
Mar 2026
- EPS (₹)
- 10.80
- Book Value (₹)
- 171.86
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 18.66
- Operating Margin %
- 11.20%
- Net Margin %
- 6.45%
- ROE %
- 6.51%
- ROCE %
- 9.28%
- 3.96%
- Debtor Days
- 131
- Inventory Days
- 43
- Payable Days
- 167
- 7
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 3.42x
- 1.01x
- Revenue Growth %
- 3.47%
- Operating Profit Growth %
- 24.22%
- Net Profit Growth %
- 67.09%
- 66.37%
- P/E (x)
- 13.37x
- P/B (x)
- 0.84x
- Dividend Yield %
- 0.00%
- 6.99x
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