Natco Pharma

NSE: NATCOPHARMBSE: 524816
Compare with peers
₹ 792.00▼ 2.55 (−0.32%)28 Oct, 03:29 pm IST
Market cap
₹ 14,189 Cr.
P/E
13.6x
P/B
1.54x
52-week range
773.6 – 1,226.8
ROE
17%
ROCE
17%
Dividend yield
0.6%
Debt / equity
0.08
Sector
Pharmaceuticals & Biotechnology
Industry
Pharmaceuticals
Listed on
NSE, BSE

About

Natco Pharma Limited is an India-based vertically integrated pharmaceutical company with a focus on research and development. It develops, manufactures and distributes generic and branded pharmaceuticals, specialty pharmaceuticals, active pharmaceutical ingredients and crop protection products. Its segments include Pharmaceuticals and Agro chemicals. The Pharmaceuticals segment is engaged in the manufacturing and selling of bulk drugs, finished dosage formulations. The Agro Chemicals segment focuses on the manufacturing and selling of agro chemicals. It is also engaged in developing, manufacturing and marketing finished dosage formulations (FDF), active pharmaceutical ingredients (APIs) and intermediates. Its product portfolio consists of two categories of agrochemicals - pesticides and bioproducts. The key focus area is to fill the gaps in the portfolio through crop phenology analysis. It has manufacturing facilities in India which cater to both domestic and international markets.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Pharmaceuticals: 221 companies →

Natco Pharma against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)13.6 against a typical 34: cheaper than most peers (1st = cheapest).34th of 220
  • Sales growth−44.7% against a typical +15.6% from a year earlier.185th of 197
  • Profit growth−57.1% against a typical +18.9% from a year earlier.137th of 160
  • Share price, 3 months−15.4% against a typical −0.5%.166th of 200
  • Size₹ 14,189.1 Cr. market value against a typical ₹ 507.7 Cr. (1st = largest).35th of 199

Latest announcements

Exchange filings and their impact on the company.

  • 23 Oct 2026Committee Meeting UpdatesHigh impactNeutralPrice −0.2% on 26 Oct
    Natco allotted 1.71cr rights shares at Rs750, raising Rs1,279cr and diluting EPS ~8.7%.

    Natco Pharma's Fund Raising Committee on Oct 23, 2026 allotted 1,70,58,082 equity shares at Rs750 per share under its rights issue, raising about Rs1,279.4 crore. Paid-up capital rose from 17.91 crore shares to 19.62 crore shares. The cash strengthens the balance sheet but dilutes EPS by about 9%.

    Filing
  • 22 Oct 2026General UpdatesHigh impactNeutralPrice +0.1% that day
    Natco's Rs 1,279cr rights issue at Rs 750 closed on Oct 22, adding ~9.5% new shares.

    Natco Pharma closed its rights issue on October 22, 2026, after opening on October 12. The issue offered equity shares of Rs 2 face value at Rs 750 each for up to Rs 12,794 million (about Rs 1,279 crore). The proceeds will increase equity and cash on allotment, with about 1.71 crore new shares implying ~9.5% dilution.

    Filing
  • 19 Oct 2026Press ReleaseLow impactPositivePrice +2% that day
    Natco launched generic Carboplatin in the US in a small $27.8m market, adding modest incremental sales.

    Natco Pharma launched Carboplatin Injection, a generic of Paraplatin for advanced ovarian cancer, in the US through its US subsidiary in manufacturing collaboration with Teyro Labs, Chennai. The product addresses a critical shortage in the US market. It had estimated US sales of USD 27.8 million for the 12 months ending June 2026, implying only a small incremental opportunity for Natco.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA by ICRA
AA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]AA /[ICRA]A1+Stable28 Nov 2025
Credit rating actions
RatingDetails
28 Nov 2025
Reaffirmed
[ICRA]AA /[ICRA]A1+—ICRA₹ 2,150 Cr.

Fund raises

QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates

Equity fund raises
StageDetails
23 Oct 2026Rights issueAllotted₹ 1,279.36 Cr.₹ 750+5.6%
22 Oct 2026Rights issueIssue closed₹ 1,279.4 Cr.₹ 750+5.6%

Board meetings

Results dates and other board meetings. Full calendar

Details
25 Sep 2026Fund Raisingto consider, discuss and decide various matters in connection with the Rights Issue, including the specific terms of the Rights Issue, such as the determination of the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue
9 Sep 2026Fund RaisingTo consider Fund Raising
14 Aug 2026Financial Results/DividendTo consider and approve the financial results for the period ended Jun 30, 2026 and declare interim dividend, if any for the FY 2026-27
29 May 2026Financial ResultsTo consider and approve the Audited financial results for the period ended March 31, 2026
24 Mar 2026Other business mattersTo consider Scheme of arrangement (demerger)
12 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and Interim dividend, if any for FY 2025-26

Share price

1Y change −4.01%
0 of 3 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0317591,0681,3631,3714751,2211,3291,363647739735
Expenses573490571558567436673758784489612549
Operating Profit45826849780580439548571579159128186
OPM %44%35%47%59%59%8%45%43%42%25%17%25%
Other Income29374248641766662100587859
Interest45654410313101113
Depreciation444456444647985852465047
Profit before tax440256478804818164506572614161144186
Tax %16%17%19%17%17%19%20%16%16%13%−62%34%
Net Profit369213386668676132406480518151269206
EPS in Rs20.611.8821.5737.3237.817.4322.726.8428.948.4614.9611.53

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
15%
5 Years
15%
3 Years
15%
TTM
−21%
Compounded Profit Growth
10 Years
25%
5 Years
28%
3 Years
26%
TTM
−33%
Stock Price CAGR
10 Years
3%
5 Years
−1%
3 Years
0%
TTM
—
Return on Equity
10 Years
19%
5 Years
19%
3 Years
23%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
49.41%
−0.15 pts in a year
FIIs
16.99%
+1.47 pts in a year
DIIs
5.63%
−0.18 pts in a year
Public
27.97%
−1.15 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 13.6xEPS (12 months) ₹ 58.32Median P/E 19.2x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Natco Pharma₹ 792.00₹ 14,189 Cr.13.6x1.5x17%—
Sun Pharmaceutical Industries₹ 1,743.00₹ 4,18,194 Cr.38.4x5.6x14.2%19.1%
Divi's Laboratories₹ 8,984.00₹ 2,38,497 Cr.73.3x11.5x16.2%24.3%
Torrent Pharmaceuticals₹ 4,482.00₹ 1,70,475 Cr.72.7x19.2x27.1%15.3%
Cipla₹ 1,337.00₹ 1,08,011 Cr.27.6x3.3x11.8%13.7%
Zydus Lifesciences₹ 1,127.85₹ 1,12,503 Cr.21.2x4.2x19.7%18.5%

Management

Venkaiah Chowdary Nannapaneni
Chairman of the Board, Managing Director, Executive Director
Rajeev Nannapaneni
Chief Executive Officer, Vice Chairman of the Board, Executive Director
Amit Parekh
Chief Financial Officer
Linga Rao Donthineni
President - Technical Affairs, Executive Director
Potluri Sivaramakrishna Prasad
Executive Vice President - Corporate Engineering Services, Executive Director
Rajesh Chebiyam
Executive Vice President - Crop Health Sciences
Kalakuntla Srinivas Rao
Executive Vice President - Pharma Division
N. Sadasiva Rao
Executive Vice President - Corporate Affairs, Legal & Secretarial, Estate Management

Prices are delayed and for information only. Nothing on this page is investment advice.