Capillary Technologies India Ltd

NSE: CAPILLARY BSE: 544614IT / Software

Incorporated in 2012, Capillary Technologies India Ltd is a leading Indian software-as-a-service (SaaS) company that specializes in customer loyalty and engagement solutions.[1]

₹516

52W: ₹463 — ₹799

PE 1418 · Book ₹104 · +396% vs book

Market Cap₹4,097 Cr

Stock P/E1418Price to Earnings

ROCE0.93%Return on Capital

ROE0.44%Return on Equity

Div. Yield0%Face Value ₹2

Strengths

+Company is almost debt free.

Weaknesses

−Stock is trading at 5.06 times its book value
−Though the company is reporting repeated profits, it is not paying out dividend
−Company has low interest coverage ratio.
−Tax rate seems low
−Company has a low return on equity of -3.16% over last 3 years.

Shareholding Pattern

Promoters52.23%

FIIs3.43%

DIIs18.6%

Public25.75%

Category	Dec 2025	Mar 2026
Promoters	52.29%	52.23%▼0.1
FIIs	3.93%	3.43%▼0.5
DIIs	17.75%	18.6%▲0.9
Public	26.03%	25.75%▼0.3

Financial Statements

Metric	Dec 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026
Sales	42.29	49.47	46.56	57.98	65.02
Expenses	33.67	34.12	38.9	47.98	48.9
Operating Profit	8.62	15.35	7.66	10	16.12
OPM %	20.38%	31.03%	16.45%	17.25%	24.79%
Net Profit	0.1	7.06	-2.94	1.05	9.9
EPS ₹	0.01	0.96	-0.4	0.13	1.25

AI Insights

Revenue Trend

Mar 2026 revenue at ₹212Cr, up 21.8% YoY. OPM at 19%.

Debt Position

Borrowings at ₹48Cr. Debt-to-equity ratio: 0.06x. Healthy balance sheet.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 1% (Mar 2026). Working capital days: -55.

Valuation

PE 1418x with 0.93% ROCE. Price is 396% above book value of ₹104. Dividend yield: 0%.