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    Natco Pharma Limited

    Hyderabad pharma maker of complex generics, oncology drugs and APIs, plus a Crop Health Sciences agrochem arm.

    Healthcare
    Healthcare
    View NATCOPHARM earnings calls
    ₹945
    -5.56% from avg

    Overview

    Price

    ₹945

    Market Cap

    ₹16.6k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital3636363636363636
    Reserves3.7k4.1k4.2k4.8k5.8k7.6k8.6k9.2k
    Borrowings316268416167371279261714
    Other Liabilities4984034306176827441.5k1.1k
    Total Liabilities4.6k4.8k5.1k5.7k6.9k8.6k10.4k11.1k
    AssetsFixed Assets1.6k2.0k2.3k2.4k2.5k2.7k2.7k2.8k
    CWIP51822313064137225255294
    Investments1123043083925394747743.1k
    Other Assets2.4k2.2k2.4k2.8k3.7k5.2k6.7k4.8k
    Total Assets4.6k4.8k5.1k5.7k6.9k8.6k10.4k11.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating669417299468491.2k1.7k1.8k
    Cash from Investing-611-175-1074-465-1.0k-1.4k-2.1k
    Cash from Financing-51-251-18635-363-247-211298
    SummaryCapital Expenditure
    Free Cash Flow2258192-1426748551.3k1.4k
    FCF Margin

    Valuation

    Assumptions

    Current — NATCOPHARM
    Price
    ₹945
    EPS (TTM)
    ₹79.20
    PE (TTM)
    11.9
    Profit growth
    25.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (12.3×) and current (11.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹945
    vs
    Fair value · 15% return
    ₹1,371
    45%Undervalued

    At 25.6% growth and a 12× exit, ₹945 only delivers your return if you pay ₹1,371. The price is currently baking in 17% growth.

    EPS grows 25.6%/yr for 5 years, then fades to 6% over 2, exits at 12×.

    YearGrowthEPS (₹)
    FY2725.6%99.48
    FY2825.6%124.94
    FY2925.6%156.93
    FY3025.6%197.10
    FY3125.6%247.56
    FY3215.8% ·fade286.67
    FY336.0% ·fade303.87

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Natco Pharma Limited

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