---
title: "Natural Capsules Ltd (NATCAPSUQ) — Share Price, Financials & Analysis"
symbol: "NATCAPSUQ"
company: "Natural Capsules Ltd"
canonical: "https://tapetide.com/stocks/NATCAPSUQ"
isin: "INE936B01015"
nse_symbol: "NATCAPSUQ"
bse_code: "524654"
sector: "Healthcare"
industry: "Pharmaceuticals"
market_cap_cr: 194.93
generated_at: "2026-09-13T18:59:15.336Z"
---

# Natural Capsules Ltd (NATCAPSUQ)

Canonical page: https://tapetide.com/stocks/NATCAPSUQ

## Company

- **NSE Symbol:** NATCAPSUQ
- **BSE Code:** 524654
- **ISIN:** INE936B01015
- **Sector:** Healthcare
- **Industry:** Pharmaceuticals
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2025-02-14
- **CEO:** Mr. Sunil Laxminarayana Kumar Mundra
- **Employees:** 619
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** naturalcapsules.com

## About

Incorporated in 1993, Natural Capsules manufactures Capsules and Steroidal APIs and their Intermediates and Derivatives[1]

## Latest Price

- **Price:** ₹189.39
- **Change:** -1.35 (-0.71%)
- **Open:** ₹192.6
- **Day High:** ₹192.6
- **Day Low:** ₹185
- **Previous Close:** ₹190.74
- **Volume:** 8916
- **As Of:** 2026-09-11T09:58:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:46.448263Z.

- **Market Cap:** ₹194.93 Cr
- **Classification:** Microcap
- **P/E (reported):** -8
- **EPS (TTM):** ₹-18.67
- **Book Value:** ₹168.08
- **Price to Book:** 1.14
- **Dividend Yield:** 0.52%
- **ROE:** -10.51%
- **ROCE:** -5.82%
- **Debt to Equity:** 0.93
- **Revenue (yearly):** ₹188.9 Cr
- **Net Income:** ₹-24.7 Cr
- **EBITDA:** ₹0.2 Cr
- **52-Week High:** ₹296
- **52-Week Low:** ₹136.36
- **RSI (14):** 53.64

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 14.56 | 9% |
| growth | 50 | 9% |
| momentum | 95.22 | 12% |
| ownership | 49.32 | 24% |
| quality | 52.11 | 22% |
| valuation | 44.65 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 1.12 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -2.06% over last 3 years.
- Contingent liabilities of Rs.75.2 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.72 Cr.
- Promoter holding has decreased over last 3 years: -5.65%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -59.18% | 230.78% | — |
| ebitda margin growth | 66.67% | -99.16% | -99.35% | -99.54% |
| net income growth | -14% | — | -541.07% | -277.7% |
| revenue growth | -13.68% | 11.18% | 3% | 19% |
| roce | -60.73% | -304.21% | -232.57% | 6.42% |
| roe | 15.26% | — | -2.61% | -162.67% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 37.52 | 39.98 | 40.22 | 39.18 | 41.22 | 43.83 | 44.97 | 45.2 | 45.8 | 37.75 | 58.45 | 48.71 |
| Expenses | 32.4 | 35.26 | 36.11 | 34.81 | 36.72 | 39.56 | 40.58 | 44.88 | 46.69 | 40.07 | 57.12 | 47.59 |
| Operating Profit | 5.12 | 4.72 | 4.11 | 4.37 | 4.5 | 4.27 | 4.39 | 0.32 | -0.89 | -2.32 | 1.33 | 1.12 |
| OPM % | 13.65 | 11.81 | 10.22 | 11.15 | 10.92 | 9.74 | 9.76 | 0.71 | -1.94 | -6.15 | 2.28 | 2.3 |
| Other Income | 0.35 | 0.5 | 0.92 | 0.18 | 0.11 | 0.11 | 0.3 | 0.36 | 0.16 | 0.45 | 0.76 | 2.35 |
| Interest | 1.16 | 1.24 | 1.4 | 1.49 | 1.65 | 1.54 | 1.64 | 2.53 | 2.68 | 2.85 | 2.89 | 4.97 |
| Depreciation | 2.17 | 2.19 | 2.2 | 2.28 | 2.35 | 2.33 | 2.16 | 4.21 | 4.29 | 4.36 | 4.28 | 4.33 |
| Profit before tax | 2.14 | 1.79 | 1.43 | 0.78 | 0.61 | 0.51 | 0.89 | -6.06 | -7.7 | -9.08 | -5.08 | -5.83 |
| Tax % | 27.1 | 32.96 | 32.17 | 21.79 | 201.64 | 78.43 | 41.57 | -8.09 | -9.09 | -21.7 | -1.97 | -1.54 |
| Net Profit | 1.56 | 1.21 | 0.97 | 0.6 | -0.61 | 0.11 | 0.52 | -5.58 | -6.99 | -7.12 | -4.98 | -5.75 |
| EPS in Rs | 1.68 | 1.3 | 1.04 | 0.64 | -0.6 | 0.11 | 0.35 | -5.4 | -6.76 | -4.77 | -3.32 | -3.82 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 55 | 60 | 62 | 80 | 135 | 170 | 155 | 169 | 187 | 191 |
| Expenses | 49 | 55 | 56 | 68 | 110 | 135 | 135 | 151 | 188 | 191 |
| Operating Profit | 6 | 5 | 5 | 11 | 26 | 35 | 20 | 18 | -1 | -1 |
| OPM % | 10 | 8 | 9 | 14 | 19 | 21 | 13 | 10 | -0.5 | -0.4 |
| Other Income | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | 2 | 4 |
| Interest | 0 | 1 | 1 | 1 | 2 | 4 | 5 | 7 | 12 | 13 |
| Depreciation | 4 | 3 | 4 | 4 | 5 | 7 | 9 | 9 | 17 | 17 |
| Profit before tax | 2 | 2 | 1 | 9 | 19 | 25 | 8 | 3 | -28 | -28 |
| Tax % | 34 | 7 | 38 | 24 | 28 | 26 | 31 | 78 | -12 | — |
| Net Profit | 1 | 2 | 1 | 7 | 14 | 18 | 6 | 1 | -25 | -25 |
| EPS in Rs | 1.19 | 2.06 | 0.92 | 7.43 | 14.96 | 20.02 | 5.95 | 0.42 | -16.44 | -18.67 |
| Dividend Payout % | 56 | 32 | 43 | 9 | 5 | 5 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6 | 6 | 6 | 6 | 7 | 9 | 9 | 10 | 10 |
| Reserves | 48 | 49 | 49 | 56 | 76 | 114 | 194 | 176 | 165 |
| Borrowings | 0 | 5 | 6 | 10 | 53 | 97 | 109 | 152 | 162 |
| Other Liabilities | 19 | 14 | 14 | 27 | 29 | 70 | 64 | 81 | 87 |
| Total Liabilities | 73 | 75 | 76 | 99 | 165 | 290 | 377 | 419 | 424 |
| Fixed Assets | 22 | 24 | 24 | 38 | 66 | 97 | 103 | 284 | 274 |
| CWIP | 1 | 2 | 2 | 7 | 20 | 88 | 144 | 0 | 4 |
| Investments | 5 | 5 | 6 | 0 | 0 | 0 | 3 | 3 | 3 |
| Other Assets | 45 | 43 | 45 | 54 | 79 | 105 | 127 | 133 | 143 |
| Total Assets | 73 | 75 | 76 | 99 | 165 | 290 | 377 | 419 | 424 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | 2 | 7 | 13 | -1 | 17 | -8 | 27 | 11 |
| Cash from Investing Activity | -1 | -7 | -6 | -16 | -46 | -105 | -73 | -44 | -11 |
| Cash from Financing Activity | -4 | 4 | -1 | 3 | 48 | 87 | 82 | 16 | -1 |
| Net Cash Flow | 0 | -1 | 0 | 0 | 1 | 0 | 1 | -2 | 0 |
| Free Cash Flow | 4 | -5 | 2 | -11 | -47 | -88 | -79 | -18 | -1 |
| CFO/OP | 97 | 57 | 144 | 134 | 17 | 64 | -32 | 162 | -1634 |

### Ratios

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 208 | 197 | 180 | 123 | 71 | 112 | 128 | 134 | 139 |
| Inventory Days | 149 | 87 | 89 | 82 | 34 | 45 | 88 | 109 | 94 |
| Days Payable | 185 | 114 | 91 | 159 | 98 | 127 | 141 | 166 | 197 |
| Cash Conversion Cycle | 172 | 170 | 179 | 45 | 7 | 30 | 75 | 78 | 36 |
| Working Capital Days | 186 | 143 | 121 | 35 | 73 | 61 | 80 | 53 | -1 |
| ROCE % | — | 5 | 4 | 11 | 21 | 15 | 5 | 3 | -5 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 56.56% | 56.56% | 56.56% | 56.56% | 51.6% | 51.14% | 51.21% | 51.26% | 51.26% | 51.26% | 51.04% | 50.92% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 1.31% | 0% | 1.31% | 0.18% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 35.17% | 35.13% | 34.72% | 35.1% | 32.26% | 32.86% | 33.09% | 33.04% | 32.94% | 32.95% | 33.06% | 33.23% |
| Others | 6.96% | 8.3% | 7.41% | 8.16% | 16.14% | 16.01% | 15.7% | 15.69% | 15.8% | 15.79% | 15.9% | 15.85% |
| No. of Shareholders | 11675 | 11399 | 10954 | 10514 | 9995 | 9661 | 9425 | 9311 | 9573 | 9075 | 8850 | 8756 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 204.98 | Sell |
| EMA (10) | 196.67 | Sell |
| SMA (20) | 186.46 | Buy |
| EMA (20) | 189.02 | Buy |
| SMA (50) | 163.53 | Buy |
| EMA (50) | 173.08 | Buy |
| SMA (100) | 160.05 | Buy |
| EMA (100) | 166.33 | Buy |
| SMA (200) | 163.55 | Buy |
| EMA (200) | 170.28 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.94 | Neutral |
| MACD (12,26,9) | 11.1 | Sell |
| Stochastic (14,3,3) | 45.12 | Neutral |
| ADX (14) | 38.72 | Buy |
| Williams %R (14) | -63.08 | Neutral |
| ATR (14) | 12.56 | High Volatility |
| ROC (12) | 5.05 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 41.81 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Shareholder Meeting / Postal Ballot-Outcome of EGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2e751f5-e9e0-404d-9c36-2dc95cbad2f8.pdf) |
| 2026-09-09 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4ba7a13-db24-4258-8d83-37eb67f0e81f.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc3aa33a-66c3-4d2a-869e-5357b39eb696.pdf) |
| 2026-09-02 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Wednesday September 02 2026 At Shorter Notice](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b2d4744-dc75-4161-b6c9-47d4d64f6f58.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17c7dec3-b8ee-49c4-9316-8897f5d71b85.pdf) |
| 2026-09-01 | [Board Meeting Intimation for Intimation Under Regulation 29 And Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Board Meeting Scheduled At Shorter Notice On September 02 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ea33dfd-e873-446c-9978-e377d4ea70f9.pdf) |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d8cb9a1-e51f-4093-b7fe-c78aec10ba82.pdf) |
| 2026-08-18 | [Notice Of The Extraordinary General Meeting (EGM) Of The Company Scheduled To Be Held On Wednesday September 09 2026 At 12:00 PM (IST)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95aaf15b-c24a-4fe4-bfe5-ebda20e0cf13.pdf) |
| 2026-08-18 | [Intimation Of Record Date For Extraordinary General Meeting (EGM) Is Fixed On September 2Nd 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da65b23f-f18a-4a75-af2a-f2c773abfdf7.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c627686-c214-4623-8dcb-534de6e489d9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-16 | [Results-Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0654ce5e-76d0-4a1e-8820-4c536ebde481.pdf) |
| 2026-05-27 | [Approved The Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0eeb41ac-0fc0-4ae4-a59d-d7b43ca9e545.pdf) |
| 2026-02-13 | [Unaudited Consolidated & Standalone Financial Results Of The Company For The Quarter Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=654af25b-863f-4157-a7aa-88853e44017d.pdf) |
| 2025-11-13 | [Results For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3e23c25-d620-4cc2-8ff7-8c269f431e7b.pdf) |
| 2025-08-04 | [Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3477a1b-0430-4543-bc0b-f41618a31cef.pdf) |
| 2025-05-29 | [Financial Results For The Quarter And Year Ended On 31St March2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fbea33f-bd39-4ab6-a776-8866f3b8aeb0.pdf) |
| 2025-02-12 | [Unaudited Standalone And Consolidated Financials Results For The Quarter Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9552f2a-2e31-4ee4-a531-6d4f93c53b7a.pdf) |
| 2024-11-12 | [Results-Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc1d8dbf-33d7-4cfb-b6be-90e3bc5d3495.pdf) |
| 2024-08-13 | [Unaudited Consolidated And Standalone Financial Results For The Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e41d7833-8970-4474-8ebb-629db0198086.pdf) |
| 2024-05-21 | [Results-Audited Consolidated And Standalone Financial Results For The Quarter And Financial Year Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84a749be-ee4c-4c81-907d-cc40ec24e51e.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8503966-d7d9-4c82-9aca-192899c74eff.pdf) |
| 2026-05-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb2b71a2-1f2a-4153-9073-5687fef1850a.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5cb0c9e5-183e-4ecf-9d07-77d9296a3aa9.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01b9f0b0-5c6c-4c17-b304-23ceb20143f3.pdf) |
| 2025-08-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbd4e547-ce46-43d1-bbff-2f33392afaea.pdf) |
| 2025-05-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f320790-c0d8-4d75-b67e-926630f0c593.pdf) |
| 2025-02-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4318d39d-549f-480c-a052-9da769d2ef19.pdf) |
| 2024-11-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7cdb2ef6-4acf-4c33-b380-a818fff0edb1.pdf) |
| 2024-05-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e2f2b63-0634-4e82-8852-b2851c90cf97.pdf) |
| 2024-02-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1ca1150-e2f7-41ca-96c9-1bf1720b177a.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a80ad0cb-965e-48fe-81b5-617b5dcfd733.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc0c6651-e999-4447-96e1-c2239a5441ef.pdf) |
| 2025-06-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0072baef-644a-45a2-b1b9-a05180bf629d.pdf) |
| 2024-05-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2dce3629-29dc-4937-bc54-bda2463fca9a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/139175c0-8b87-4a58-ae61-92c0ceea4d1e.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa8882af-d3ea-420c-81a6-9b9454b1b508.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42e75bb1-1d1e-4426-a3cd-376587266462.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a004f15a-d492-4064-82cc-681ca8f38dfa.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a004f15a-d492-4064-82cc-681ca8f38dfa.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69e4ac9c-220f-4d62-b93b-e71ffdbfb173.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb2b71a2-1f2a-4153-9073-5687fef1850a.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bb2b71a2-1f2a-4153-9073-5687fef1850a.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd2964b5-1669-4efc-82cd-880f86482618.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/354e73ed-a100-490f-84a2-12b17c5c90eb.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Newspaper publication regarding second 100 days campaign-" Saksham Niveshak" | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9h - Newspaper publication regarding second 100 days campaign-" Saksham Niveshak"](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d70e756e-c521-48c8-9e95-b0a94c5a91f0.pdf) |
| 8h - Pranjal Deshmukh resigned as Company Secretary and Compliance Officer, effective 25 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 8h - Pranjal Deshmukh resigned as Company Secretary and Compliance Officer, effective 25 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b640962-e425-4344-bb1d-3d85677e55aa.pdf) |
| 7 May - FY 2025-26 SEBI disclosure: Natural Capsules not a large corporate; incremental borrowing nil. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 7 May - FY 2025-26 SEBI disclosure: Natural Capsules not a large corporate; incremental borrowing nil.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/26619696-36b8-4694-9617-2617a367b5e6.pdf) |
| 30 Apr - Natural Capsules says it is not a Large Corporate; outstanding borrowing was 23.38 crore on March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Natural Capsules says it is not a Large Corporate; outstanding borrowing was 23.38 crore on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9021d4f3-13c1-432a-97c9-11a79d52f221.pdf) |
| 30 Apr - Natural Capsules says it is not a Large Corporate; outstanding borrowing was 23.38 crore on March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Natural Capsules says it is not a Large Corporate; outstanding borrowing was 23.38 crore on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9021d4f3-13c1-432a-97c9-11a79d52f221.pdf) |
| 25 Feb - Newspaper publication regarding Postal Ballot Notice and E-Voting information | [Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Feb - Newspaper publication regarding Postal Ballot Notice and E-Voting information](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f30d16ad-4c00-4985-a634-49b7eecde452.pdf) |
| 25 Apr - Pranjal Deshmukh resigned as Company Secretary and Compliance Officer, effective 25 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 25 Apr - Pranjal Deshmukh resigned as Company Secretary and Compliance Officer, effective 25 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9b640962-e425-4344-bb1d-3d85677e55aa.pdf) |
| 24 Feb - Postal ballot to raise Section 186 limits to Rs.250 Crore; e-voting Feb 26–Mar 27, 2026. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 24 Feb - Postal ballot to raise Section 186 limits to Rs.250 Crore; e-voting Feb 26–Mar 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1eff78d8-30f8-4d93-beae-90d41fbfd7aa.pdf) |
| 24 Feb - Postal Ballot notice web-link provided; shareholders asked to update KYC (dated Feb 24, 2026). | [Letter To Shareholders 24 Feb - Postal Ballot notice web-link provided; shareholders asked to update KYC (dated Feb 24, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37cbaca9-2ce9-4444-8a1e-fbb38cc3b562.pdf) |
| 24 Apr - Newspaper publication regarding second 100 days campaign-" Saksham Niveshak" | [Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Apr - Newspaper publication regarding second 100 days campaign-" Saksham Niveshak"](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d70e756e-c521-48c8-9e95-b0a94c5a91f0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b037f794-0605-4cf3-9442-8b40f659a1e3.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d431d3e-9b11-4d86-a035-c53a9e800fb6.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b80b9d9-c350-4e7f-9e1c-f13affb0e88e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be74e190-db43-4234-8dad-e595d43bee4d.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/524654/74778524654.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/524654/68605524654.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/524654/5246540320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/524654/5246540319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/524654/5246540318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/524654/5246540317.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2025-06-11 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=320c2a35-373d-4f6a-bb4b-b572941ec728.pdf) |
| 2024-11-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42e75bb1-1d1e-4426-a3cd-376587266462.pdf) |
| 2024-05-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd2964b5-1669-4efc-82cd-880f86482618.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:59:15.336Z.