| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 735 | 1,329 | −44.7% |
| EBITDA | 187 | 571 | −67.3% |
| EBITDA margin | 25.4% | 43.0% | −17.6 pts |
| Profit before tax | 186 | 572 | −67.5% |
| Net profit | 207 | 480 | −57.0% |
| EPS | ₹11.53 | ₹26.84 | −57.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 14,195 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 777 | 777 | 441 | 514 | 437 | ||
| 0.0 | 0.0 | 5.3 | — | — | ||
| 706 | 706 | 273 | 363 | 165 | ||
| 14,124 | — | — | — | — | ||
| 3,485 | 4,078 | 4,430 | 3,999 | 2,707 | ||
| — | −7.9% | +10.8% | +47.7% | — | ||
| 1,052 | 1,437 | 2,196 | 1,751 | 936 | ||
| 30.2% | 35.2% | 49.6% | 43.8% | 34.6% | ||
| 856 | 1,230 | 1,961 | 1,565 | 772 | ||
| 1,145 | 1,419 | 1,883 | 1,388 | 715 | ||
| 32.9% | 34.8% | 42.5% | 34.7% | 26.4% | ||
| ₹63.93 | ₹79.25 | ₹105.33 | ₹77.56 | ₹39.96 | ||
| — | −24.8% | +35.8% | +94.1% | — | ||
| — | 1,768 | 1,697 | 1,212 | 849 | ||
| — | −391 | −512 | −359 | −206 | ||
| 1,377 | 1,377 | 1,185 | 853 | 644 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 14,194.7 | |
| - Cash, Equiv & ST Investments | 436.9 | 513.9 | 440.8 | 777.1 | 777.1 | |
| + Minority Interest | — | — | 5.3 | 0.0 | 0.0 | |
| + Total Debt | 165.0 | 363.2 | 273.1 | 706.4 | 706.4 | |
| Enterprise Value | — | — | — | — | 14,124.0 | |
| Revenue | 2,707.1 | 3,998.8 | 4,429.5 | 4,078.3 | 3,484.6 | |
| Growth %, YoY | — | +47.7 | +10.8 | -7.9 | — | |
| EBITDA | 935.6 | 1,751.4 | 2,196.0 | 1,436.5 | 1,052.0 | |
| Margin % | 34.56 | 43.80 | 49.58 | 35.22 | 30.19 | |
| EBIT | 771.8 | 1,564.6 | 1,960.8 | 1,229.9 | 855.9 | |
| Net Income | 715.3 | 1,388.3 | 1,883.4 | 1,418.5 | 1,144.7 | |
| Margin % | 26.42 | 34.72 | 42.52 | 34.78 | 32.85 | |
| EPS, Adj (current shares) | 39.96 | 77.56 | 105.33 | 79.25 | 63.93 | |
| Growth %, YoY | — | +94.1 | +35.8 | -24.8 | — | |
| Cash from Operations | 849.1 | 1,211.6 | 1,696.8 | 1,768.3 | — | |
| Capital Expenditures | -205.6 | -358.7 | -511.6 | -391.1 | — | |
| Free Cash Flow | 643.5 | 852.9 | 1,185.2 | 1,377.2 | 1,377.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
NATCO Pharma (NSE: NATCOPHARM) had a market capitalisation of ₹14,097 crore at the 29 October 2026 close (₹787.55 a share), a PE ratio of 12.3 on the last four quarters' profit and a price-to-book ratio of 1.53. In FY26 its consolidated net profit was ₹1,419 crore on revenue of ₹4,078 crore; in Q1 FY27 (April–June 2026) it was ₹207 crore, down 57.0% year on year. Its debt-to-equity ratio was 0.08 on 31 March 2026. Promoters held 49.39% of the shares on 30 September 2026.
NATCO Pharma's PE ratio is 12.3 at the 29 October 2026 close (₹787.55 a share): a market capitalisation of ₹14,097 crore divided by consolidated net profit of ₹1,144 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹1,419 crore) it is 9.9.
NATCO Pharma's net worth — shareholders' equity in its consolidated balance sheet — was ₹9,221 crore on 31 March 2026, up 21.2% from ₹7,607 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹14,097 crore at the 29 October 2026 close.
NATCO Pharma's book value per share was ₹515.15 on 31 March 2026: shareholders' equity of ₹9,221 crore divided by the 17.9 crore shares in issue, up 21.2% from ₹424.97 a year earlier. The share price at the 29 October 2026 close was ₹787.55.
NATCO Pharma's price-to-book (PB) ratio is 1.53 at the 29 October 2026 close: a market capitalisation of ₹14,097 crore divided by shareholders' equity (book value) of ₹9,221 crore on 31 March 2026. That is a book value of ₹515.15 per share against a share price of ₹787.55.
In FY26, NATCO Pharma's return on equity (ROE) was 16.9% and its return on capital employed (ROCE) was 14.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 28.0% and ROCE 28.8%.
NATCO Pharma's dividend yield is 0.57% at the 29 October 2026 close: dividends of ₹4.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹787.55. They were ₹1.50 on 20 August 2026 (interim), ₹1.50 on 18 February 2026 (interim) and ₹1.50 on 20 November 2025 (interim).
NATCO Pharma's market capitalisation was ₹14,097 crore at the 29 October 2026 close: 17.9 crore shares at ₹787.55 each.
No. NATCO Pharma had borrowings of ₹706 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.08. Its cash and current investments were ₹2,129 crore, so it held net cash of ₹1,423 crore.
NATCO Pharma's basic earnings per share (EPS) were ₹79.20 in FY26, against ₹105.26 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹63.89.
NATCO Pharma's debt-to-equity ratio was 0.08 on 31 March 2026: borrowings of ₹706 crore against total equity of ₹9,221 crore. A year earlier, on 31 March 2025, it was 0.04.
In 2026, NATCO Pharma has declared two dividends totalling ₹3 a share: ₹1.50 (interim) with record date 18 February 2026 and ₹1.50 (interim) with record date 20 August 2026.
Promoters held 49.39% of NATCO Pharma on 30 September 2026, down 0.03 percentage points from 49.42% the previous quarter and down 0.09 percentage points from 49.48% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, NATCO Pharma's shares were held by promoters 49.39%, foreign portfolio investors (FII/FPI) 16.00%, domestic institutions (DII) 6.16% (including mutual funds at 2.25%) and retail and other non-institutional investors 28.45%. Over the year, FII holding was up 1.91 percentage points from 14.09% and DII holding was up 0.29 percentage points from 5.87%.
NATCO Pharma's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹207 crore, down 57.0% from ₹481 crore in Q1 FY26; revenue from operations ₹735 crore, down 44.7% year on year.
At the 29 October 2026 closing prices, on FY26 net profit, NATCO Pharma's PE ratio is 9.9, the lowest of the four: Dr Reddy's 26.8, Zydus Lifesciences 23.5 and Sun Pharma 36.8, a peer average of 29.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, NATCO Pharma generated ₹1,768 crore of cash from operations and spent ₹391 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,377 crore. In FY25 it was ₹1,185 crore.
In FY26 (April 2025–March 2026), NATCO Pharma's consolidated net profit was ₹1,419 crore, down 24.8% from ₹1,885 crore in FY25, on revenue from operations of ₹4,078 crore (down 7.9%). Over three years, from FY23, net profit was up 98.3%.
NATCO Pharma will announce its Q2 FY27 results (July–September 2026) on Friday, 13 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Dr Reddy's, Zydus Lifesciences and Sun Pharma: NATCO Pharma's operating margin of 30.2% is the highest of the four (Dr Reddy's 13.0%, Zydus Lifesciences 26.0%, Sun Pharma 25.3%; peer average 21.5%); its return on equity of 16.9% is the second highest of the four (Dr Reddy's 11.8%, Zydus Lifesciences 19.7%, Sun Pharma 14.7%; peer average 15.4%); its revenue growth over three years of 14.6% a year is the second highest of the four (Dr Reddy's 11.0% a year, Zydus Lifesciences 16.4% a year, Sun Pharma 10.0% a year; peer average 12.4% a year).
In FY26, NATCO Pharma earned net profit of ₹1,419 crore on revenue of ₹4,078 crore, against ₹4,196 crore on ₹33,700 crore for Dr Reddy's. NATCO Pharma's operating margin was 30.2% (Dr Reddy's 13.0%) and its return on equity 16.9% (Dr Reddy's 11.8%). At the 29 October 2026 close, NATCO Pharma's market capitalisation was ₹14,097 crore against ₹1,12,308 crore for Dr Reddy's, and its PE ratio on FY26 profit 9.9 against 26.8.
From NATCO Pharma's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.