Capillary Technologies India Limited (CAPILLARY)

About

Capillary Technologies is a software products company in India's IT sector with recent quarterly revenues of ₹57–₹256 Cr. Market cap stands at ₹4,277.5 Cr with promoter ownership of 51.45%, positioning it as a mid-scale enterprise software vendor.

Face value: ₹2

Market cap

₹4,410 Cr

P/E

84.2×

P/B

4.3×

Dividend yield

0%

ROE

5.1%

ROCE

3%

Debt / equity

0.04

OPM

12.6%

EPS (TTM)

₹6.6

Book value

₹128.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation premium with weak returns: PE of 81.65 against ROE of 5.12% suggests high price relative to capital efficiency

Profitability volatility: net profit swung from ₹43.36 Cr (Mar 2026) to ₹-9.55 Cr (Jun 2026) on revenues of ₹191 Cr and ₹256 Cr respectively; verify underlying cost drivers and project mix stability

Margin compression risk: OPM varies from 13.57% to 24.78% across recent quarters (average 12.64%); determine whether this reflects customer mix, contract type, or structural challenges

Customer concentration typical in software products; verify revenue diversification and contract terms to assess sustainability of profit levels

Generated analysis · source review pending

Growth drivers

Financial flexibility for expansion: D/E of 0.04 provides capacity to fund growth investments, acquisitions, or R&D without leverage constraints

Demonstrated profit capability: OPM of 24.78% (Mar 2026) shows profit generation potential that could fund organic growth

Revenue at scale: quarterly revenues reaching ₹256.64 Cr (Jun 2026) demonstrate operational capability to execute at meaningful customer scale

Generated analysis · source review pending

210 historical price candles were omitted because the exchange source has not been verified.

₹554.7-2.4%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 5.1% (3-yr avg)
−Expensive at 84.2× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

25/100

Business quality: 32
Valuation: 18

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Oracle Financial Services Software LimitedOFSSOFSS	₹90,758 Cr	₹90,758 Cr	₹8,945 Cr	₹4,508 Cr	45.3%	₹3,413 Cr	34.4%	42.1%	32.6%	56
Tanla Platforms LimitedTANLATANLA	₹6,468 Cr	₹6,468 Cr	₹4,603 Cr	₹761 Cr	16.4%	₹533 Cr	11.5%	26.3%	21.4%	15
C.e. Info Systems LimitedMAPMYINDIAMAPMYINDIA	₹4,635 Cr	₹4,635 Cr	₹492 Cr	₹176 Cr	37%	₹138 Cr	28.3%	22.9%	15.8%	-138
Capillary Technologies India LimitedCAPILLARYCAPILLARY	₹4,410 Cr	₹4,455 Cr	₹735 Cr	₹93 Cr	12.6%	₹52 Cr	7.1%	3%	5.1%	48
Technvision Ventures LimitedTECHNVISNTECHNVISN	₹2,371 Cr	—	₹228 Cr	₹4 Cr	1.7%	₹0 Cr	0.1%	—	—	—
Mobavenue AI Tech LtdMOBAVENUEMOBAVENUE	₹2,238 Cr	₹2,247 Cr	₹218 Cr	₹45 Cr	20.8%	₹29 Cr	13.4%	60.8%	55.5%	—
Ramco Systems LimitedRAMCOSYSRAMCOSYS	₹2,054 Cr	₹2,054 Cr	₹712 Cr	₹155 Cr	22.6%	₹42 Cr	6%	17.6%	12.6%	15
Nucleus Software Exports LimitedNUCLEUSNUCLEUS	₹1,701 Cr	₹1,701 Cr	₹869 Cr	₹100 Cr	14.3%	₹105 Cr	13.3%	18.7%	13.6%	42
Blue Cloud Softech Solutions LtdBLUECLOUDSBLUECLOUDS	₹1,497 Cr	₹1,587 Cr	₹797 Cr	₹70 Cr	8.8%	₹44 Cr	5.6%	48.8%	44.5%	52
Subex LimitedSUBEXLTDSUBEXLTD	₹1,087 Cr	₹1,087 Cr	₹292 Cr	₹39 Cr	9.2%	₹30 Cr	10.2%	11%	8.8%	86
Unicommerce Esolutions LimitedUNIECOMUNIECOM	₹928 Cr	₹928 Cr	₹211 Cr	₹32 Cr	17.3%	₹22 Cr	10%	20%	15.6%	-34
Quick Heal Technologies LimitedQUICKHEALQUICKHEAL	₹749 Cr	₹749 Cr	₹249 Cr	₹-37 Cr	-11.3%	₹-11 Cr	-4.2%	-4.6%	-2.5%	-3,095

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2026
Revenue	735
	642
	93
OPM %	12.6%
Depreciation	75
Interest	5
	39
Profit before tax	51
Tax	-1
Tax %	-2.5%
PAT	52
PAT margin %	7.1%
EPS (₹)	6.9
EPS adjusted (₹)	6.6
Annual report	Annual report for Mar 2026

₹ Cr	Mar 2026
Equity capital	16
Reserves	1,008
	45
	232
Total equity & liabilities	1,300
	452
CWIP	0
Investments	136
	712
Total assets	1,300

₹ Cr	Mar 2026
	150
	-614
	271
Net cash flow	-194
Free cash flow	111
CFO / Operating profit %	161.5%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2026
Margins
Gross margin %	—
EBITDA margin %	12.6%
EBIT margin %	2.4%
PAT margin %	7.1%
Working capital
Receivable days	90
Inventory days	0
Payable days	42
NWC days	48
Leverage
Current ratio	2.8
Debt to EBITDA	0.48
Debt to equity	0.04
Interest coverage	5.8
Asset turnover	0.56
Return ratios
Return on assets %	4%
Return on capital employed %	3%
Return on equity %	5.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.05%	52.28%	52.23%	51.45%
	22.3%	3.93%	3.43%	3.34%
	14.41%	17.76%	18.6%	19.38%
Government	0%	0%	0%	0%
	11.24%	26.03%	25.74%	25.83%
No. of shareholders	67,660	20,521	16,620	16,688

Promoter holding down 0.6 percentage points since Sep 2025.

127 deals · 21 Nov 2025 – 10 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Aug 2026	CAPILLARY TECHNOLOGIES INTERNATIONAL PTE LTD	Bulk	BSE	Sell	32,92,428	₹520.86	₹171.49 Cr
10 Aug 2026	IRAGE BROKING SERVICES LLP	Bulk	NSE	Sell	7,98,287	₹525.01	₹41.91 Cr
10 Aug 2026	IRAGE BROKING SERVICES LLP	Bulk	BSE	Buy	7,92,712	₹523.83	₹41.52 Cr
10 Aug 2026	SETU SECURITIES PVT LTD	Bulk	BSE	Buy	4,97,426	₹520.07	₹25.87 Cr
10 Aug 2026	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	4,83,870	₹525.16	₹25.41 Cr
10 Aug 2026	SWETABEN HARDIK SHAH	Bulk	BSE	Buy	4,60,460	₹520.11	₹23.95 Cr
10 Aug 2026	F3 ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	4,49,515	₹520.14	₹23.38 Cr
10 Aug 2026	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	4,42,605	₹524.92	₹23.23 Cr
10 Aug 2026	SWETABEN HARDIK SHAH	Bulk	NSE	Sell	4,18,833	₹525.81	₹22.02 Cr
10 Aug 2026	SETU SECURITIES PVT LTD	Bulk	BSE	Sell	1,17,426	₹524.13	₹6.15 Cr

1–10 of 127

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Ms. Neelam DhawanNon-Executive - Independent Director-Chairperson
Mr. Aneesh Reddy BodduExecutive Director-CEO-MD
Mr. Anant ChoubeyExecutive Director
Mr. Farid Lalji KazaniNon-Executive - Independent Director
Mr. Venkat Ramana TadankiNon-Executive - Independent Director
Mr. Peeyush RanjanNon-Executive - Independent Director
Gireddy Bhargavi ReddyCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

13

across 6 fund houses

Held by these funds

12.55%

of the company's equity

All mutual funds

14.82%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

13 schemes · 6 fund houses

		Shares
Innovation Fund	ICICI Prudential Mutual Fund	28.45 L	140.51	1.75%	3.579%	+1.13 L
Portfolio of Kotak Small Cap Fund	Kotak Mahindra Mutual Fund	22.94 L	113.28	0.58%	2.885%	+4.73 L
Portfolio of Kotak Pioneer Fund	Kotak Mahindra Mutual Fund	16.51 L	81.52	1.9%	2.076%	-0
Technology Opportunities Fund	SBI Mutual Fund	8 L	39.51	0.88%	1.006%	-0
Multicap Fund	Axis Mutual Fund	7.83 L	38.68	0.32%	0.985%	-0
Technology Fund	ICICI Prudential Mutual Fund	4.9 L	24.19	0.18%	0.616%	-0
Innovation Fund	Axis Mutual Fund	4.19 L	20.68	1.52%	0.527%	+70,067
Resurgent India Opportunities Scheme	SBI Mutual Fund	3.7 L	18.27	2.48%	0.465%	-0

1–8 of 13

1 / 2

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

1

Annual Report FY2026from bse Summary

Investor Presentation and earnings call

3

Aug 2026Transcript AI SummaryPPTREC
May 2026Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results4 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

30 Sept 2026, 5:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

28 Sept 2026, 7:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

22 Sept 2026, 11:18 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

22 Sept 2026, 11:12 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

16 Sept 2026, 4:40 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

16 Sept 2026, 3:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

1 Sept 2026, 1:40 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

31 Aug 2026, 4:33 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

Date	Category	Subject	Filing
30 Sept 2026, 5:54 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
28 Sept 2026, 7:05 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

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Capillary Technologies India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1