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Natco Pharma Overview

Natco Pharma Ltd is a pharmaceutical company. The Company is engaged in developing, production and advertising finished dosage formulations (FDF) and active pharmaceutical elements (APIs). The Company's segments include energetic prescription drugs factor, finished dosage formulations, job works, pharmacy and others. The Company's product categories consist of Domestic Formulations, International Formulations, API's and Blockbusters. The Company's merchandise include Thioplan, Anastronat, Capnat, Fulvenat, Kabanat, Natdox-LP, Alphalan, Bandrone...Read More

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Natco Pharma Key Financials

Market Cap ₹16213 Cr.

Stock P/E 8.6

P/B 1.9

Current Price ₹905.2

Book Value ₹ 482.9

Face Value 2

52W High ₹1490

Dividend Yield 0.66%

52W Low ₹ 660.1

Natco Pharma Share Price

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Volume
Price

Natco Pharma Quarterly Price

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Natco Pharma Peer Comparison

Natco Pharma Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 1141 1031 759 1068 1363 1371 475 1221 1329 1363
Other Income 20 29 37 42 48 64 176 66 62 100
Total Income 1160 1061 796 1110 1411 1435 651 1287 1391 1463
Total Expenditure 613 573 491 571 558 567 436 673 758 784
Operating Profit 548 487 305 539 853 868 215 614 633 679
Interest 4 4 5 6 5 4 4 10 3 13
Depreciation 44 44 44 56 44 46 47 98 58 52
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 500 440 256 478 804 818 164 506 572 614
Provision for Tax 80 71 44 91 135 142 31 100 92 96
Profit After Tax 420 369 213 386 669 677 132 406 480 518
Adjustments 0 0 0 0 0 1 1 1 0 1
Profit After Adjustments 420 369 213 386 669 677 133 407 481 518
Adjusted Earnings Per Share 23.5 20.6 11.9 21.6 37.3 37.8 7.4 22.7 26.9 29

Natco Pharma Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 730 1042 2020 2185 2095 1915 2052 1945 2707 3999 4430 4388
Other Income 14 10 14 40 130 107 106 99 129 128 357 404
Total Income 745 1052 2034 2225 2225 2022 2158 2044 2836 4127 4786 4792
Total Expenditure 524 777 1337 1256 1300 1332 1448 1681 1795 2247 2236 2651
Operating Profit 220 275 697 969 925 690 710 363 1040 1880 2551 2141
Interest 32 23 19 15 19 22 13 18 15 19 24 30
Depreciation 47 51 54 66 81 100 117 143 164 187 235 255
Exceptional Income / Expenses -15 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 126 202 624 887 825 569 580 202 862 1674 2291 1856
Provision for Tax 2 48 140 192 182 111 137 32 147 285 408 319
Profit After Tax 125 154 485 695 642 458 442 170 715 1388 1883 1536
Adjustments 10 4 1 1 2 3 -2 0 0 0 2 3
Profit After Adjustments 135 157 486 696 644 461 441 170 715 1388 1885 1539
Adjusted Earnings Per Share 8.1 9 27.9 37.7 35.3 25.3 24.2 9.3 39.2 77.6 105.3 86

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 32% 18% 20%
Operating Profit CAGR 36% 92% 30% 28%
PAT CAGR 36% 123% 33% 31%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -36% 17% -1% 5%
ROE Average 28% 23% 17% 19%
ROCE Average 33% 27% 20% 22%

Natco Pharma Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 846 1296 1649 3072 3489 3774 4122 4264 4874 5853 7607
Minority's Interest 5 5 4 4 2 11 2 0 0 0 5
Borrowings 97 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 22 28 38 47 83 118 143 135 101 61 25
Total Current Liabilities 414 493 627 592 729 685 526 710 683 973 944
Total Liabilities 1384 1822 2318 3715 4303 4588 4792 5109 5657 6887 8581
Fixed Assets 710 710 833 1019 1227 1584 2023 2312 2427 2491 2698
Other Non-Current Assets 191 275 397 566 729 678 424 311 230 373 613
Total Current Assets 483 837 1087 2131 2347 2326 2345 2487 3000 4024 5270
Total Assets 1384 1822 2318 3715 4303 4588 4792 5109 5657 6887 8581

Natco Pharma Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 10 -164 24 24 22 28 20 26 111 132 70
Cash Flow from Operating Activities 93 112 346 464 669 417 299 47 849 1212 1697
Cash Flow from Investing Activities -115 -176 -299 -1116 -612 -167 -103 -5 -477 -1033 -1415
Cash Flow from Financing Activities 29 154 -48 651 -51 -251 -186 35 -363 -247 -211
Net Cash Inflow / Outflow 7 91 -1 -1 6 -1 10 76 9 -68 72
Closing Cash & Cash Equivalent 12 -74 24 22 28 20 26 111 132 70 120

Natco Pharma Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.1 9.03 27.85 37.73 35.31 25.32 24.16 9.32 39.19 77.56 105.33
CEPS(Rs) 10.35 11.75 30.91 41.27 39.64 30.65 30.65 17.13 48.17 87.99 118.36
DPS(Rs) 1 1.25 6.75 8.25 6.25 6.75 5.25 4.5 5.5 9.5 6
Book NAV/Share(Rs) 50.91 73.91 93.63 165.22 189.49 206.04 224.88 233.44 267.06 326.99 424.97
Core EBITDA Margin(%) 27.72 24.59 33.09 42.16 34.79 28.31 28.97 11.89 31.64 40.43 46.05
EBIT Margin(%) 21.27 20.78 31.13 40.99 36.94 28.68 28.45 9.92 30.42 39.08 48.6
Pre Tax Margin(%) 17.01 18.66 30.24 40.29 36.1 27.63 27.81 9.12 29.91 38.63 48.1
PAT Margin (%) 16.81 14.22 23.48 31.57 28.12 22.26 21.23 7.67 24.83 32.05 39.54
Cash Profit Margin (%) 23.14 18.92 26.12 34.58 31.66 27.11 26.84 14.1 30.51 36.36 44.47
ROA(%) 9.69 9.58 23.43 23.05 16.02 10.3 9.43 3.43 13.29 22.13 24.35
ROE(%) 15.9 14.41 33.21 29.7 19.75 12.71 11.27 4.06 15.66 25.88 27.98
ROCE(%) 14.89 17.49 39.21 35.28 23.71 14.82 13.99 4.86 18.06 30.08 32.85
Receivable days 76.4 76.72 65.12 92.22 91.36 93.77 84.44 85.1 93.53 86.16 93.3
Inventory Days 98.47 97.54 62.41 65.25 77.28 96.38 118.77 128.47 95.32 60.81 56.17
Payable days 252.46 270.38 163.98 236.08 266.65 243.26 151.52 106.38 133.18 136.43 145.2
PER(x) 52.09 45.64 30.41 19.99 16.19 19.99 34.16 81.3 14.38 12.27 7.57
Price/Book(x) 8.29 5.58 9.05 4.57 3.02 2.46 3.67 3.24 2.11 2.91 1.88
Dividend Yield(%) 0.24 0.3 0.8 1.09 1.09 1.33 0.64 0.59 0.98 1 0.75
EV/Net Sales(x) 10.01 6.94 7.41 6.36 5.03 4.94 7.33 7.21 3.66 4.11 2.79
EV/Core EBITDA(x) 33.18 26.3 21.46 14.35 11.39 13.71 21.19 38.67 9.52 8.75 4.85
Net Sales Growth(%) -1.14 42.69 93.82 8.15 -4.13 -8.57 7.16 -5.23 39.2 47.72 10.77
EBIT Growth(%) -4.51 41.91 186.5 40.4 -6.49 -30.07 0.46 -62.91 298.54 93.14 36.78
PAT Growth(%) 27.35 22.94 215.69 43.37 -7.59 -28.69 -3.43 -61.57 320.76 94.09 35.66
EPS Growth(%) 30.39 11.45 208.47 35.49 -6.43 -28.3 -4.58 -61.44 320.76 97.88 35.81
Debt/Equity(x) 0.37 0.09 0.14 0.06 0.11 0.08 0.06 0.09 0.03 0.06 0.04
Current Ratio(x) 1.17 1.7 1.74 3.6 3.22 3.39 4.46 3.5 4.39 4.14 5.59
Quick Ratio(x) 0.65 0.97 1.18 2.86 2.5 2.63 3.04 2.49 3.35 3.47 4.77
Interest Cover(x) 4.99 9.8 34.75 58.61 43.73 27.45 44.58 12.42 60.44 88.16 96.87
Total Debt/Mcap(x) 0.04 0.02 0.02 0.01 0.04 0.03 0.02 0.03 0.02 0.02 0.02

Natco Pharma Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 49.76 49.71 49.71 49.71 49.71 49.62 49.62 49.56 49.56 49.48
FII 11.02 12.82 13.72 16.14 17.45 17.51 17.94 17.49 15.51 14.09
DII 15.15 14.01 11.25 9.7 7.86 6.75 5.57 5.48 5.64 5.87
Public 24.07 23.46 25.32 24.46 24.97 26.12 26.88 27.46 29.28 30.56
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Natco Pharma News

Natco Pharma Pros & Cons

Pros

  • Company has delivered good profit growth of 32% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.48%.
  • Debtor days have increased from 136.43 to 145.2days.
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