Natco Pharma Ltd

β‚Ή 892 2.31%
14 Jan
πŸ”— Website | BSE: 524816 | NSE: NATCOPHARM
16,019
892
1,341
10.6
462
0.67
31.8
27.5

ABOUT

NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas.[1]NATCO has established its presence in all three business segments viz. finished dosage formulations (β€œFDF”), active pharmaceutical ingredients (β€œAPIs”), Contract Manufacturing Business.[2]

Stock Analysis

### Description NATCO Pharma Limited is a vertically integrated, research and development-focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas. ### Key Growth Triggers Its international business focuses on Para IV and first-to-file molecules, with plans to expand into emerging markets like MENA, LATAM, and Southeast Asia. ### Order Book Currently no data available for Order Book. ### Key Red Flags Ongoing litigation proceedings are continuing with an outcome yet to be determined, which poses a potential risk to the company's financial performance. While the company states no material financial impact from the recent news article as of now, the uncertainty remains. ### Key Dates To Watch Currently no data available for Key Dates To Watch.

Peer Comparison

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Sun Pharma.Inds.1700.7035.33407795.420.943124.952.5614478.318.9320.2154964.0130.1211543.963117.955.2412.970.07
2.Divi's Lab.6355.5067.92168791.980.47689.0035.102715.0016.1220.4410029.0032.372485.00689.0010.9513.530.01
3.Torrent Pharma.4003.7062.56135529.200.80591.0032.493302.0014.3027.0512248.0032.602166.53600.1716.0413.260.33
4.Cipla1434.5021.31115930.820.911353.373.737589.447.6422.7228349.5725.405441.141351.173.5214.720.01
5.Lupin2195.9023.22100409.830.551484.8373.347047.5124.2321.3024750.6927.254324.631477.925.1112.410.32
6.Dr Reddy's Labs1186.5017.1799107.920.671336.807.288828.309.8322.6934310.0024.645772.201347.102.7512.950.16
7.Mankind Pharma2244.4053.0192685.550.04520.18-22.003697.1620.7715.9813545.6724.121748.55511.516.068.890.55
8.Natco Pharma891.9510.5516018.890.67500.90-24.231264.30-2.1931.804022.0041.841518.00500.901.9323.990.03

Quarterly Results

Figures in Cr.

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
3514137811,0489306259651,2371,2934081,1571,1931,264
YOY Sales Growth %
6.27%-22%51.95%30.11%165.02%51.4%23.5%17.99%38.91%-34.82%19.96%-3.57%-2.19%
Expenses
281346454545488387512474502378596653712
Material Cost %
23.27%28.5%26.27%16.88%19.44%17.7%10.98%11.77%12.05%17.25%19.15%15.4%12.22%
Employee Cost %
27.97%22.25%12.46%11.37%11.48%16.62%12.96%9.72%10.27%30.32%11.98%12.03%14.13%
Operating Profit
706832850444223845376379129561540552
OPM %
20%16%42%48%48%38%47%62%61%7%48%45%44%
Other Income
161918152530364051168626093
Exceptional items
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Other income normal
161918152530364051168626093
Interest
23133444339312
Depreciation
38383840404052404244945448
Profit before tax
4645306475424224432758797150521543586
Tax %
19%17%17%15%15%14%19%16%17%17%18%15%15%
Net Profit
3837254405360192349636661125428464501
EPS in Rs
2.072.0413.9222.6320.1110.7219.4935.5336.916.9723.925.9127.97

Profit & Loss

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
6227161,0591,9582,0911,9861,7901,6541,7682,3513,5694,0944,022
Sales Growth %
11.56%14.98%48.03%84.86%6.81%-5.02%-9.87%-7.64%6.91%32.99%51.8%14.73%β€”
Expenses
4364877781,2661,1631,1701,2121,2361,5551,5061,9291,9502,339
Material Cost %
24.22%23.86%24.2%29.25%18.58%17.07%22.18%30.24%30.24%22.53%16.1%14.49%β€”
Raw material cost
167179304590413365453547540495557582β€”
Change in inventory
-16-9-48-17-25-26-56-47-6351712β€”
Manufacturing Cost %
15.07%12.66%14.83%7.74%8.43%9.03%11.01%10.5%12.73%9.88%7.53%7.59%β€”
Employee Cost %
15.14%16.24%16.24%11.86%14.93%17.13%19.9%22.99%23.22%18.12%12.75%12.59%β€”
Other Cost %
15.58%15.3%18.23%15.8%13.67%15.66%14.63%11.01%21.76%13.54%17.68%12.95%β€”
Operating Profit
1872292816929288165784182138451,6402,1441,683
OPM %
30%32%26%35%44%41%32%25%12%36%46%52%42%
Other Income
16-21313391301241019586102321383
Exceptional items
1-1200101416324318-388β€”
Other income normal
1511131329116108695268105233β€”
Interest
3430221815192111139142026
Depreciation
27425054668098115138151172220239
Profit before tax
1411542226348888475833921567711,5552,2261,800
Tax %
22%1%20%22%21%21%19%21%11%17%16%17%β€”
Net Profit
1101531764956986674743101396371,3071,8501,518
Exceptional items AT
1-100081113243415-272β€”
Profit excl Excep
1091621764956906574622851056221,3091,778β€”
Profit for PE
1091621764956906574622851056221,3091,778β€”
Profit for EPS
1101531764956986674743101396371,3071,850β€”
EPS in Rs
6.669.210.1328.3937.8436.4826.0616.977.6234.972.95103.3184.75
Dividend Payout %
15%11%12%24%22%17%26%31%59%16%13%6%β€”

Balance Sheet

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
33333535373636363636363636
Reserves
7008461,3021,6653,0883,5273,8334,0554,1554,6665,5567,2988,235
Borrowings
237309110221173384314256400161366275256
Long term Borrowings
959600001000000
Short term Borrowings
9916996221173384313255389160363273253
Lease Liabilities
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Other Borrowings
444414000000000β€”
Other Liabilities
2062073964274384084634053875255966611,367
Trade Payables
99115270251245202234140141182183225456
Advance from Customers
1520241418190184958483β€”
Other liability items
9271102161174188229248241247329354911
Total Liabilities
1,1761,3951,8432,3473,7364,3564,6474,7524,9785,3886,5548,2709,894
Fixed Assets
5295737068291,0151,2151,5742,0062,1742,2342,2872,5172,515
Land
79100134172203235249248264286369526β€”
Building
1852162612993584376178899641,0501,0981,130β€”
Plant Machinery
3904275316227699241,1301,3881,5511,6251,6871,812β€”
Equipments
333344444554β€”
Furniture & fittings
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Vehicles
101114172022242427242733β€”
Intangible Assets
000000000000101
Other fixed assets
99111315195255898281183β€”
Gross Block
6917839761,1511,4001,6782,1342,6782,9783,1573,3603,784β€”
Accumulated Depreciation
1622102703223844635596728049231,0731,267β€”
CWIP
9310121233648063851822312963134225254
Investments
8913194951502441913375506587428551,060
Other Assets
4655908311,0872,0912,2592,3632,1862,1252,4343,3924,6736,065
Inventories
162198352337426508524769698616597642665
Trade receivables
1161892564696064925374005767931,0771,1781,574
Receivables under 6m
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Receivables over 6m
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Prow for Doubtful
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Cash Equivalents
874025172263542631014128651,8572,413
Loans & Advances
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Other Assets items
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Total Assets
1,1761,3951,8432,3473,7364,3564,6474,7524,9785,3886,5548,2709,894

Cash Flows

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
172125190330476699422184587841,1961,662
Profit from operations
1982173037349628606284512748561,7062,206
Receivables
11-72-76-237-149121-54129-222-204-292-103
Inventory
-34-37-14315-89-82-16-245728238-56
Payables
420151-19-6-4335-95241143
Loans Advances
12586-1-1-2-5-53000
Other WC items
1411-87-40-3621-6125-39158-5-83
Working capital changes
6-72-68-282-28114-101-190-18477-258-199
Direct taxes
-32-20-45-122-204-175-105-77-32-148-252-345
Cash from Investing Activity
-131-148-248-291-1,131-645-165-3-92-437-960-1,444
Fixed assets purchased
-96-107-153-277-424-452-355-243-235-147-337-508
Fixed assets sold
0210181822455430295
Investments purchased
-0000-48-111-64-58-18-60-149-255
Investments sold
23-401602012071215133157
Interest received
302810528968504148125
Redeemp Cnce of Shares
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Acquisition of companies
000-14-70000000
Other investing items
-1-0-62-21-674-12929256207-230-586-1,051
Cash from Financing Activity
-4123151-46652-52-261-18336-347-237-212
Redemption of debentures
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Proceeds from borrowings
31115012502120013402030
Repayment of borrowings
-130-43-130-14-480-80-570-2290-89
Interest paid fin
-32-29-26-15-15-18-20-11-14-8-14-14
Dividends paid
-19-20-26-141-181-111-154-114-82-100-171-108
Financial liabilities
000000-1-1-2-2-2-2
Other financing items
0000-0-135-600-7-2540
Net Cash Flow
0-193-6-31-4-311-16

Ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
689688871069010988119123110105
Inventory Days
392424501215400547482562476424379395
Days Payable
24024738516023121721510296126116138
Cash Conversion Cycle
220274205142275420376548499422373362
Working Capital Days
20208673222215310297268213153149
ROCE %
19%18%18%39%34%24%14%9%3%16%29%32%

Shareholding Pattern

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
48.82%48.84%49.76%49.71%49.71%49.71%49.71%49.62%49.62%49.56%49.56%49.48%
Bapanna Alapati
000000000000
Bapineedu Tummala
000000000000
Devendranth Alapati
0.010.010.010.010.010.010.010.010.010.010.010.01
Durga Devi Nannapaneni
1.941.941.981.981.981.981.981.981.981.981.981.98
Kantamani Ratna Kumar
0.050.050.060.060.060.060.060.030.030.030.030.03
Natco Aqua Limited
0.010.010.010.010.010.010.010.010.010.010.010.01
Natsoft Information Systems Pvt Ltd
8.658.658.818.818.818.818.818.818.818.818.818.81
Ndl Infratech Private Limited
0.050.050.050.050.050.050.050.050.050.050.050.05
Neelima Sita Nannapaneni
0.10.10.10.10.10.10.10.10.10.10.10.1
Rajeev Nannapaneni
0.620.620.630.630.630.630.630.630.630.60.60.6
Ramakrishna Rao Nannapaneni
0.410.410.420.420.420.420.420.420.42β€”β€”β€”
Sanjay Nannapaneni
β€”β€”β€”β€”β€”β€”β€”β€”β€”0.180.180.13
Satya Vani Nannapaneni
β€”β€”β€”β€”β€”β€”β€”β€”β€”0.230.230.21
Sau Family Trust
000000000000
T Ananda Babu
0.260.260.260.230.230.230.230.230.230.230.230.23
T Anila
0.350.350.350.330.330.330.330.320.320.320.320.32
Time Cap Pharma Labs Private Limited
9.419.419.599.599.599.599.599.599.599.599.599.59
Tummala Jansi
0.040.040.040.040.040.040.040.040.040.040.040.04
V C Nannapaneni
12.3812.3915.6615.6615.6615.6615.6615.6615.6615.6615.6615.66
Venkaiah Chowdary Nannapaneni Huf
2.982.980000000000
Venkata Satya Swathi Kantamani
8.768.768.928.928.928.928.928.928.928.98.98.9
Vidyadhari Tummala
0.240.240.250.250.250.250.250.210.210.210.210.21
Vistra ITCL India Limited ___
000000000000
FIIs
11.73%11.91%11.03%12.82%13.72%16.14%17.45%17.51%17.94%17.49%15.52%14.09%
Belgrave Investment Fund
β€”β€”β€”β€”1.881.921.921.921.922.312.312.31
Nomura Singapore Limited Odi
1.691.521.551.55β€”β€”β€”β€”β€”β€”β€”β€”
Plenty Private Equity Fii I Limited
1.731.74β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
DIIs
14.93%15.38%15.15%14.01%11.26%9.69%7.86%6.75%5.59%5.64%5.81%5.87%
Icici Prudential India Opportunities Fund
β€”β€”3.81β€”β€”β€”β€”β€”β€”β€”β€”β€”
Icici Prudential Multicap Fund
4.08β€”β€”1.73β€”β€”β€”β€”β€”β€”β€”β€”
Icici Prudential S&P Bse 500 Etf
β€”4.3β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
LIFE INSURANCE CORPORATION OF INDIA - P & GS Fund
β€”4.04β€”β€”β€”3.86β€”3.042.29β€”β€”β€”
Life Insurance Coporation Of India
4.04β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Life Insurance Corporation of India
β€”β€”4.114.114.11β€”3.69β€”β€”2.292.292.29
Mirae Asset Emerging Bluechip Fund
3.35β€”2.8β€”β€”β€”β€”β€”β€”β€”β€”β€”
Mirae Asset Healthcare Fund
β€”3.01β€”2.73β€”β€”β€”β€”β€”β€”β€”β€”
Mirae Asset Large & Midcap Fund
β€”β€”β€”β€”β€”2.19β€”β€”β€”β€”β€”β€”
Mirae Asset Midcap Fund
β€”β€”β€”β€”2.66β€”β€”β€”β€”β€”β€”β€”
Quant Mutual Fund - Quant Business Cycle Fund
β€”β€”β€”1.05β€”β€”β€”β€”β€”β€”β€”β€”
Quant Mutual Fund - Quant Small Cap Fund
β€”β€”1.01β€”β€”β€”β€”β€”β€”β€”β€”β€”
Tata Mutual Fund - Tata Small Cap Fund
β€”β€”β€”1β€”β€”β€”β€”β€”β€”β€”β€”
Tata Mutual Fund- Tata Equity P/E Fund
β€”β€”β€”β€”1β€”β€”β€”β€”β€”β€”β€”
Tata Mutual Fund- Tata Value Fund
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”1.2
Tata Nifty 500 Multicap India Manufacturing 50:30:___
β€”β€”β€”β€”β€”β€”β€”1.22β€”β€”β€”β€”
Tata Nifty Midsmall Healthcare Index Fund
β€”β€”β€”β€”β€”β€”1.19β€”β€”β€”β€”β€”
Government
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Public
24.53%23.87%24.08%23.48%25.32%24.46%24.99%26.13%26.88%27.3%29.12%30.56%
Others
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
No. of Shareholders
1,35,3971,53,6631,55,1811,63,7532,07,5712,28,4672,51,4853,02,9443,45,3324,05,2224,29,4344,19,699

News & Updates

Documents

Announcements

Clarification
7 Jan - NATCO Pharma clarifies Jan 7, 2026: litigation ongoing, outcome awaited; no undisclosed information or material financial impact.
Clarification sought from Natco Pharma Ltd
7 Jan - Exchange has sought clarification from Natco Pharma Ltd on January 7, 2026, with reference to news appeared in https://economictimes.indiatimes.com/ dated January 7, 2026 quoting "HC …
Sustainability Report For The Year 2024-25
5 Jan - Filed Sustainability Report 2024–25 on January 5, 2026; covers FY Apr 1, 2024–Mar 31, 2025.

Annual Reports

Credit Ratings

Rating update
28 Nov 2025 from icra
Rating update
1 Aug 2025 from icra
Rating update
29 Apr 2025 from icra
Rating update
30 Apr 2024 from icra
Rating update
28 Apr 2023 from icra
Rating update
28 Apr 2022 from icra

Concalls

Nov 2025
Aug 2025
Jul 2025
Jun 2025
Feb 2025
Jan 2025
Nov 2024
Aug 2024
Jun 2024
May 2024
PPT
Feb 2024
Nov 2023
Aug 2023
Jun 2023
Feb 2023
Nov 2022
Aug 2022
Jun 2022
Feb 2022
Nov 2021
Aug 2021
Jul 2021
Feb 2021
Nov 2020
Aug 2020
Jul 2020
Feb 2020
Nov 2019
Sep 2019
PPT
Aug 2019
Jun 2019
Feb 2019
Nov 2018
Aug 2018
May 2018
Feb 2018
Nov 2017
Aug 2017
May 2017
Feb 2017
Nov 2016
Sep 2016
PPT
Aug 2016
Jun 2016
PPT
Feb 2016
PPT