Capillary Technologies India Ltd
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]
- Market Cap ₹ 3,916 Cr.
- Current Price ₹ 493
- High / Low ₹ 799 / 463
- Stock P/E 890
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 1.88 %
- ROE 0.73 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Debtor days have improved from 133 to 93.2 days.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -15.6%
- The company has delivered a poor sales growth of 0.94% over past five years.
- Company has a low return on equity of -14.1% over last 3 years.
- Earnings include an other income of Rs.12.2 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 166 | 115 | 163 | 150 | 143 | 174 | |
| 159 | 101 | 162 | 213 | 162 | 141 | |
| Operating Profit | 7 | 14 | 1 | -63 | -19 | 33 |
| OPM % | 4% | 12% | 1% | -42% | -14% | 19% |
| 1 | 8 | -15 | 6 | 8 | 12 | |
| Interest | 3 | 2 | 5 | 9 | 16 | 7 |
| Depreciation | 5 | 4 | 3 | 24 | 25 | 35 |
| Profit before tax | 0 | 17 | -22 | -90 | -52 | 4 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% |
| 0 | 17 | -22 | -90 | -52 | 4 | |
| EPS in Rs | 0.90 | 71.57 | -4.43 | -17.03 | -7.15 | 0.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 2% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 75% |
| 3 Years: | 37% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -12% |
| 3 Years: | -14% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 10 | 11 | 15 | 15 |
| Reserves | 10 | 30 | 140 | 194 | 451 | 463 |
| 36 | 20 | 60 | 135 | 76 | 52 | |
| 38 | 29 | 57 | 115 | 51 | 63 | |
| Total Liabilities | 86 | 82 | 267 | 455 | 592 | 592 |
| 14 | 3 | 5 | 41 | 57 | 76 | |
| CWIP | 0 | 0 | 0 | 6 | 3 | 0 |
| Investments | 0 | 0 | 96 | 133 | 356 | 417 |
| 72 | 79 | 166 | 277 | 175 | 98 | |
| Total Assets | 86 | 82 | 267 | 455 | 592 | 592 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | 15 | -20 | -43 | 46 | 52 | |
| -1 | -3 | -102 | -69 | -261 | -70 | |
| -1 | -8 | 122 | 144 | 234 | -31 | |
| Net Cash Flow | -2 | 5 | 0 | 32 | 18 | -50 |
| Free Cash Flow | -0 | 15 | -22 | -70 | -24 | 4 |
| CFO/OP | 32% | 39% | -1,479% | 72% | -235% | 166% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 87 | 171 | 256 | 195 | 111 | 93 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 87 | 171 | 256 | 195 | 111 | 93 |
| Working Capital Days | -7 | 78 | 90 | -126 | -49 | -104 |
| ROCE % | 37% | -1% | -29% | -8% | 2% |
Insights
In beta| Dec 2024 | Dec 2025 | |
|---|---|---|
| Employee Headcount Number |
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| Net Revenue Retention (NRR) - Total % |
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| Annual Recurring Revenue INR Million |
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| Country Presence Number |
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| Fortune 500 Customers Number |
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| Global Offices Number |
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| Inorganic Net Revenue Retention % |
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| Number of Brands Number |
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| Number of Consumers on the Platform Billion+ |
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| Organic Net Revenue Retention % |
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| Product Uptime % |
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| Subscription Gross Margin % |
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Documents
Announcements
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Press/Media Release
15h - Capillary appoints Sumit Kumar as President, Middle East, Africa & India, effective April 2, 2026.
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Intimation Of Granting Of Stock Options Under Capillary Employees Stock Option Scheme - 2021 (ESOP Plan 2021).
1d - Grant of 6,563 ESOPs at INR 475 each, approved April 1, 2026; vesting over four years.
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Closure of Trading Window
26 Mar - Trading window closed from April 1, 2026; reopens 48 hours after audited FY2026 results announced.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Mar
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
13 Mar - Special resolution approved Mar 12, 2026: extend ESOP-2021 benefits to subsidiary employees in India and overseas.
Annual reports
No data available.
Concalls
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Feb 2026Transcript PPT
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Feb 2026TranscriptAI SummaryPPT REC
Business Profile[1]
Capillary is a global AI-driven, cloud-native SaaS loyalty and customer engagement solutions provider. It offers a comprehensive suite of products that help brands understand and engage their customers more effectively through data-driven insights.