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 ₹ 4,178 Cr.
- Current Price ₹ 525
- High / Low ₹ 799 / 463
- Stock P/E 141
- Book Value ₹ 129
- Dividend Yield 0.00 %
- ROCE 3.62 %
- ROE 3.72 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 26.9% CAGR over last 5 years
Cons
- Stock is trading at 4.07 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of -1.44% over last 3 years.
- Earnings include an other income of Rs.38.7 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 171 | 223 | 323 | 525 | 598 | 735 | |
| 184 | 274 | 387 | 537 | 533 | 642 | |
| Operating Profit | -13 | -51 | -64 | -12 | 65 | 93 |
| OPM % | -7% | -23% | -20% | -2% | 11% | 13% |
| 10 | -15 | 22 | 22 | 13 | 39 | |
| Interest | 2 | 9 | 11 | 18 | 8 | 5 |
| Depreciation | 18 | 29 | 40 | 56 | 60 | 75 |
| Profit before tax | -23 | -103 | -93 | -64 | 10 | 51 |
| Tax % | 1% | -2% | -5% | -11% | -35% | -2% |
| -23 | -101 | -88 | -57 | 13 | 52 | |
| EPS in Rs | -97.84 | -20.16 | -16.58 | -7.78 | 1.81 | 6.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 32% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 32% |
| TTM: | 109% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -11% |
| 3 Years: | -1% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 10 | 11 | 15 | 15 | 16 |
| Reserves | 10 | 106 | 156 | 524 | 554 | 1,008 |
| 20 | 83 | 149 | 77 | 100 | 54 | |
| 108 | 149 | 130 | 254 | 170 | 223 | |
| Total Liabilities | 140 | 347 | 446 | 870 | 838 | 1,300 |
| 27 | 215 | 203 | 298 | 295 | 460 | |
| CWIP | 0 | 0 | 6 | 3 | 0 | 0 |
| Investments | 0 | 0 | 0 | 70 | 0 | 136 |
| 113 | 132 | 237 | 499 | 543 | 704 | |
| Total Assets | 140 | 347 | 446 | 870 | 838 | 1,300 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1 | 7 | -20 | 97 | -46 | 150 | |
| -14 | -113 | -100 | -180 | 66 | -614 | |
| 28 | 96 | 137 | 218 | 13 | 270 | |
| Net Cash Flow | 15 | -9 | 17 | 134 | 33 | -194 |
| Free Cash Flow | -11 | -10 | -48 | 60 | -94 | 111 |
| CFO/OP | 67% | -20% | 35% | -827% | -65% | 168% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 117 | 93 | 91 | 101 | 98 | 90 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 117 | 93 | 91 | 101 | 98 | 90 |
| Working Capital Days | -106 | -184 | -136 | -66 | -28 | 52 |
| ROCE % | -68% | -36% | -12% | 3% | 4% |
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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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Capillary released Q4/FY26 earnings call transcript; FY26 revenue INR734 crore, SessionM closed May 1, FY27 revenue guidance INR1,000–1,050 crore.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 May
- Announcement under Regulation 30 (LODR)-Newspaper Publication 7 May
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
6 May - May 6, 2026 CRISIL report on Q4 FY26 IPO proceeds: Rs 188.43 million utilized, no deviation.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 May - Audio recording of Q4 FY26 earnings conference call posted on May 06, 2026.
Annual reports
No data available.
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Feb 2026TranscriptPPT 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.