Natco Pharma
- 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.
- 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%.
- 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.
- 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.
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- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA /[ICRA]A1+ | Stable | 28 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 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
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 23 Oct 2026 | Rights issue | Allotted | ₹ 1,279.36 Cr. | ₹ 750 | +5.6% | |
| 22 Oct 2026 | Rights issue | Issue closed | ₹ 1,279.4 Cr. | ₹ 750 | +5.6% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 25 Sep 2026 | Fund Raising | to 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 2026 | Fund Raising | To consider Fund Raising |
| 14 Aug 2026 | Financial Results/Dividend | To 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 2026 | Financial Results | To consider and approve the Audited financial results for the period ended March 31, 2026 |
| 24 Mar 2026 | Other business matters | To consider Scheme of arrangement (demerger) |
| 12 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and Interim dividend, if any for FY 2025-26 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 1,031 | 759 | 1,068 | 1,363 | 1,371 | 475 | 1,221 | 1,329 | 1,363 | 647 | 739 | 735 |
| Expenses | 573 | 490 | 571 | 558 | 567 | 436 | 673 | 758 | 784 | 489 | 612 | 549 |
| Operating Profit | 458 | 268 | 497 | 805 | 804 | 39 | 548 | 571 | 579 | 159 | 128 | 186 |
| OPM % | 44% | 35% | 47% | 59% | 59% | 8% | 45% | 43% | 42% | 25% | 17% | 25% |
| Other Income | 29 | 37 | 42 | 48 | 64 | 176 | 66 | 62 | 100 | 58 | 78 | 59 |
| Interest | 4 | 5 | 6 | 5 | 4 | 4 | 10 | 3 | 13 | 10 | 11 | 13 |
| Depreciation | 44 | 44 | 56 | 44 | 46 | 47 | 98 | 58 | 52 | 46 | 50 | 47 |
| Profit before tax | 440 | 256 | 478 | 804 | 818 | 164 | 506 | 572 | 614 | 161 | 144 | 186 |
| Tax % | 16% | 17% | 19% | 17% | 17% | 19% | 20% | 16% | 16% | 13% | −62% | 34% |
| Net Profit | 369 | 213 | 386 | 668 | 676 | 132 | 406 | 480 | 518 | 151 | 269 | 206 |
| EPS in Rs | 20.6 | 11.88 | 21.57 | 37.32 | 37.81 | 7.43 | 22.7 | 26.84 | 28.94 | 8.46 | 14.96 | 11.53 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 15%
- 5 Years
- 15%
- 3 Years
- 15%
- TTM
- −21%
- 10 Years
- 25%
- 5 Years
- 28%
- 3 Years
- 26%
- TTM
- −33%
- 10 Years
- 3%
- 5 Years
- −1%
- 3 Years
- 0%
- TTM
- —
- 10 Years
- 19%
- 5 Years
- 19%
- 3 Years
- 23%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Natco Pharma | ₹ 792.00 | ₹ 14,189 Cr. | 13.6x | 1.5x | 17% | — |
| Sun Pharmaceutical Industries | ₹ 1,743.00 | ₹ 4,18,194 Cr. | 38.4x | 5.6x | 14.2% | 19.1% |
| Divi's Laboratories | ₹ 8,984.00 | ₹ 2,38,497 Cr. | 73.3x | 11.5x | 16.2% | 24.3% |
| Torrent Pharmaceuticals | ₹ 4,482.00 | ₹ 1,70,475 Cr. | 72.7x | 19.2x | 27.1% | 15.3% |
| Cipla | ₹ 1,337.00 | ₹ 1,08,011 Cr. | 27.6x | 3.3x | 11.8% | 13.7% |
| Zydus Lifesciences | ₹ 1,127.85 | ₹ 1,12,503 Cr. | 21.2x | 4.2x | 19.7% | 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.