NATCOPHARMHealthcare

Natco Pharma Limited

Pharmaceuticals · ISIN INE987B01026 · BSE 524816 · NSE EQ · FV ₹2
Last price
₹818
+0.61%today
What this company does

Natco Pharma Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹735 cr of revenue in its latest quarter (Q1 FY27) and kept 28.1% of sales as profit.

Performance etched Anchored in chemistry skills since Sound inception and investments in financial management technologies over time to enable in excellence growth in its pharma business, the company has grown its business in We maintain sound financial health through prudent many global markets. With pioneering capital allocation and efficient cost management launches, growing international practices.
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 13–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns45

How much profit it earns on the money it employs

Balance sheet66

How much it owes, and whether earnings cover the interest

Cash quality63

Whether reported profit actually arrives as cash

Growth & consistency78

Whether sales and profit have grown, and how steadily

Valuation100

What today's price implies, against our models or its peers · highest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 28% net margin
Promoters hold 49%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Sales down 45% vs last year
! Profit down 57% vs last year

What if I invest in NATCOPHARM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹818 +0.61%
latest close · 2026-09-17
1-year return
-12.9%
52-wk low ₹60852-wk high ₹994
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.7Average
LowAverageHigh
P/B ratio1.59Moderate
Below bookModerateHigh
EV / EBITDA15.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.0%Fair
WeakFairStrong ▸15%
Return on capital8.5%Fair
WeakFairStrong
Net margin28.1%Strong
ThinDecentStrong
EBITDA margin33.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.08Comfortable
LowModerateHigh ▸1
Interest cover15.3×Strong
RiskyOkayStrong ▸5×
Current ratio3.01Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹14,647 cr
Book value
₹515
EPS
₹11.53
latest quarter
Net debt
₹508 cr
owes more than its cash
Enterprise value
₹15,154 cr
EBITDA
₹983 cr
annualised
EBIT
₹794 cr
annualised
Operating margin
27.0%
Return on assets
7.5%
Earnings yield
5.64%
P/S
4.98
Sales / share
₹164.3
Tax rate
34.2%
Face value
₹2
Shares
17.9 cr
Working capital
₹3,371 cr
Current assets
₹5,052 cr
Current liabilities
₹1,681 cr
Delivery %
53.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks underpricedHigh confidence
Median of 3 models ₹1,329 vs market price ₹818 — price is 38% below it
Safety cushion+38.4%(target ≥ +20%)
Models span ₹1,114₹1,573, midpoint ₹1,329
Model ₹1,329
Price ₹818
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹735 cr
Other Income₹59 cr
Total Income₹794 cr
Cost of Materials₹158 cr
Purchases of Stock-in-Trade₹28 cr
Inventory Change (±)₹-38 cr
Employee Benefit Expense₹179 cr
Finance Costs₹13 cr
Depreciation & Amortisation₹47 cr
Other Expenses₹222 cr
Total Expenses₹609 cr
Profit before Tax₹186 cr
Tax Expense₹63 cr
Share of JV / Associates₹84 cr
Net Profit₹207 cr
Net margin on total income26.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹148 cr16.8%
Employee benefit expense₹179 cr20.4%
Finance costs₹13 cr1.5%
Depreciation & amortisation₹47 cr5.4%
Other expenses₹222 cr25.3%
Tax expense₹63 cr7.2%
Profit for the period₹207 cr23.5%
Total income ₹794 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue647 cr739 cr735 cr
Total income705 cr817 cr794 cr
Expenses544 cr673 cr609 cr
Profit before tax161 cr144 cr186 cr
Tax21 cr-89 cr63 cr
Net profit (owners' share)152 cr268 cr207 cr
Net margin (owners' share, on revenue)23.4%36.2%28.1%
EPS (₹)8.4614.9611.53
YoY (latest quarter): total income -42.9% · net profit -57.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹11,074 cr
Shareholder equity
₹9,221 cr
parent shareholders
Total debt
₹706 cr
Cash
₹199 cr
Cash flow · H1 FY26
Operating
₹1,191 cr
Investing
₹-1,189 cr
Financing
₹-77 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.55%
trailing 12 months
Dividend / share (TTM)
₹4.5
Last dividend
₹1.5
ex 20 Aug 2026
ActionDetailEx-date
Dividend₹1.5 / share20 Aug 2026
Dividend₹1.5 / share18 Feb 2026
Dividend₹1.5 / share20 Nov 2025
Dividend₹2 / share19 Aug 2025
Dividend₹1.5 / share18 Feb 2025
Dividend₹1.5 / share27 Nov 2024
Who owns it · 2026-06-30
No pledge
Promoter
49.4%
FII / Foreign
17.0%
DII / Domestic
5.6%
Retail / others
28.0%
Promoter stake down 0.3% over the last 12 quarters.
Smart-money activity
Insider trades
SoldDURGA DEVI NANNAPANENI · Promoter50,00024 Aug 26
SoldSANJAY NANNAPANENI · Promoter Group70,000 · ₹7.1 cr9 Mar 26
SoldSATYA VANI NANNAPANENI · Promoter Group45,000 · ₹4.5 cr9 Mar 26
Bulk / block deals
short · NSE4226 Aug 26
short · NSE10029 May 26
short · NSE1001 Apr 26
Stake changes
SoldDurga Devi Nannapaneni · promoter→ 1.95% · 50,00024 Aug 26
SoldSanjay Nannapaneni · promoter→ 0.09% · 70,00010 Mar 26
SoldSatya Vani Nannapaneni · promoter→ 0.19% · 45,0009 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 24 Mar 2026
See the official result
1
To reappoint Sri V.C. Nannapaneni (DIN: 00183315) as Chairman & Managing Director of the Company
Promoters had a personal stake in this
Backed by 94% of shareholders other than promotersneeded 75%
2.32 cr votes for, 14.07 L against · 6% of mutual funds and other big investors said no
2
To reappoint Sri Rajeev Nannapaneni (DIN: 00183872) as Vice Chairman and Chief Executive Officer of the Company
Promoters had a personal stake in this
Backed by 97% of shareholders other than promotersneeded 75%
2.38 cr votes for, 7.97 L against · 3% of mutual funds and other big investors said no
3
To reappoint Sri P.S.R.K Prasad (DIN: 07011140) as Director and Executive Vice President (Corporate Engineering Services) of the Company
Backed by 97% of shareholders other than promotersneeded 75%
2.40 cr votes for, 6.71 L against · 3% of mutual funds and other big investors said no
4
To reappoint Dr. D. Linga Rao (DIN: 07088404) as Director and President (Tech. Affairs) of the Company
Backed by 97% of shareholders other than promotersneeded 75%
2.40 cr votes for, 6.71 L against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 24 named members
owning 49.4% between them · as of 2026-06-30
V C NANNAPANENI15.66%
TIME CAP PHARMA LABS PRIVATE LIMITED9.59%
VENKATA SATYA SWATHI KANTAMANI8.90%
NATSOFT INFORMATION SYSTEMS PVT LTD8.81%
Vistra ITCL India Limited A/c Neelima Nannapaneni Trust2.28%
DURGA DEVI NANNAPANENI1.98%
RAJEEV NANNAPANENI0.60%
Vistra ITCL India Limited A/c Durgadevi Family Trust0.33%
Business done with them
FY2025 · 3 of the group
The company paid ₹21 cr to companies in the promoter group last year — about 0.5% of its ₹4,430 cr revenue.
V C Nannapaneni
Other payments to them · Manager ial remuneration, Leave encashment paid, Gratuity expense Compensated absences expense ,Rental expense, Commission
also owns 15.66% of the company
₹10 cr
company paid
Rajeev Nannapaneni
Other payments to them · Managerial remuneration, Leave encashment paid, Gratuity expense Compensated absences expense ,Rental expense, Commission
also owns 0.60% of the company
₹10 cr
company paid
TIME CAP PHARMA LABS PRIVATE LIMITED
Other payments to them · Rental expense
also owns 9.59% of the company
₹70 L
company paid

The company also transacted with 6 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.