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Earnings Call

Natural Capsules Earnings Call: Key Takeaways

Natural Capsules reports Q4FY26 revenue of ₹58.45 Cr (+30% Y-o-Y) while facing a PAT loss of ₹4.98 Cr. Strategy focuses on steroidal API scaling and HPMC capsule expansion.

Highlights
Revenue growth30% Y-o-Y for Q4FY26; 11% Y-o-Y for full year FY26.
MarginsEBITDA margin at 2.28%, impacted by low-margin initial API sales.
Demand visibilityStability expected in capsule business; API volumes to grow gradually.
Management confidenceHigh; confident in restoring growth and profitability in FY27.

Growth

Revenue grew 30% Y-o-Y to ₹58.45 Cr; FY26 revenue reached ₹187.20 Cr, up 11% Y-o-Y. Standalone capsule sales boosted by ₹6 Cr deferred revenue.

Outlook

Commissioned new HPMC line for US markets; API commercial production started March 2026. Expects ₹67 Cr PLI incentive over 6 years.

Risks

Y-o-Y EBITDA dropped 70%; PAT and EPS saw significant losses due to operational stabilization costs and API segment ramp-up.

Source

Earnings Call filed with BSE, NSE: NATCAPSUQ. Summary written with AI assistance from the document.

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Natural Capsules Ltd: key numbers

Share price
₹169.52
Market cap
₹176.5 Cr
Revenue (annual)
₹187.2 Cr
Net profit (annual)
₹-24.66 Cr
P/E (TTM)
-8.2×Sector 50.4×
Promoter holding
50.92%-0.12% QoQ
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:05 IST BSE
Annual General Meeting

Natural Capsules Annual General Meeting

Natural Capsules Ltd dispatched a corrigendum to its upcoming EGM notice, revising the issue price and quantity for the proposed preferential allotment of shares and warrants.

11:18 IST BSE
Fund Raise

Natural Capsules Fund Raise of ₹10.01 Cr

Natural Capsules Limited approved a revised preferential issue of 1,12,500 equity shares and 4,50,000 convertible warrants. The total aggregate fund raise is valued at Rs. 10.01 Crore.

Value
₹10.01 Cr