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← CockpitCompetitor Analysis › CAPILLARY.NS Capillary Technologies India Ltd.Open in the cockpit ↗

Capillary Technologies India Ltd.CAPILLARY.NSCompetitor analysis, valuation and peers

India · INR·IT›Packaged Software
Momentum weak 29
Mkt cap
$427M
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$2.03M
20-day average traded
Fwd P/E
46.9×
forward earnings
ROIC−WACC
-7.3 pp
WACC 10.5%
Hurdle
+16 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · INR₹507.80
1D+0.3%
1W+1.0%
1M-12.2%
3M-12.5%
6M-8.3%
YTD-24.6%
1Yn/a
ATR %6.0%
Beta0.52
52w lowhigh36.4% off high

What Capillary Technologies India does

No business profile yet.

Capillary Technologies India at a glance

Size Capillary Technologies India (CAPILLARY.NS) is an India Information Technology company (Packaged Software) with a market value of $427M, the 912th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹507.80 on 6 Nov 2026.

Performance Over six months the shares fell 8.3%, against -11.2% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 20 in its peer set.

Growth Revenue grew 22.8% over the last twelve months (peer median +7.9%); the operating margin is 3.1% (peer median 5.3%).

Valuation It trades at 46.9× forward earnings against a peer median of 22.1× (most expensive of 13).

Price implies For today's price to make sense, revenue must grow about 50% a year for seven years (Req g). Recent delivered growth is +34%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 7.3 points below its cost of capital (10.5% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 92CAPILLARY.NS 89
Six months, rebased to 100: Capillary Technologies India against the median of its 20 peers (local-currency closes).

Capillary Technologies India financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/a₹7.35B₹5.98B₹5.25B₹3.23B
Revenue growth—+23%+14%+63%—
Gross profitn/a₹689M₹510M-₹255M-₹401M
EBITDAn/a₹979M₹658M-₹89.2M-₹642M
Net incomen/a₹524M₹133M-₹594M-₹877M
Free cash flown/a₹1.14B-₹962M₹446M-₹556M
Capital expendituren/a₹394M₹475M₹369M₹282M
Total debt₹536M₹536M₹1.06B₹803M₹1.49B

Quarterly statements and history in the cockpit →

Capillary Technologies India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-40%-20%0%033790PLW0799MTLSOCLDTOL63MOONS30094130007868865778036643300826300845BRAIAPI3962CAPILLARY.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Capillary Technologies India is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×PLW0799MTLSUGSOCLCOFFEE-BDTOL68865778036643API688579CAPILLARY.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Capillary Technologies India is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%25%50%033790PLWMTLSOCLCOFFEE-BDTOL68865778033008263962688579CAPILLARY.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Capillary Technologies India is the large dot.

Capillary Technologies India competitors and peer comparison

How Capillary Technologies India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Capillary Technologies India against its 20 peers (data as of 6 Nov 2026)
MeasureCAPILLARY.NSPeer medianRank in peer set
1-month return-12.2%-2.6%6th lowest of 21
6-month return-8.3%-11.2%10th highest of 20
Distance from 52-week high-36.4%-30.6%9th lowest of 21
Revenue growth (TTM)+22.8%+7.9%5th highest of 20
Operating margin3.1%5.3%9th lowest of 20
Forward P/E46.9×22.1×most expensive of 13
Growth the price implies (Req g, 7 yrs)49.7%8.1%most demanding of 12
Growth delivered (Del g)+33.9%+10.2%3rd highest of 12
Hurdle (Req g minus delivered)+15.8 pp+3.0 pp6th most demanding of 12
ROIC minus cost of capital-7.3 pp-3.3 pp7th lowest of 19
EV / EBITDA35.9×10.4×most expensive of 11
Net debt / EBITDA-5.3×-2.5×5th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Capillary Technologies India CAPILLARY.NSIndia$427M-8%+23%3%46.9×49.7%+33.9%
Fino 033790.KSSouth Korea$428M-53%+195%5%n/a6.6%+60.2%
PlayWay Spolka Akcyjna PLW.WAPoland$425M+5%+8%45%11.0×-3.4%+12.7%
IGG 0799.HKHong Kong$431M-11%-1%12%6.0×n/an/a
Materialise NV Sponsored ADR MTLSUnited States$432M+25%+10%2%42.6×26.0%+9.2%
UltraGreen.ai UGS.SISingapore$433Mn/a+25%57%6.2×n/an/a
Objective OCL.AXAustralia$434M-39%+7%32%23.4×8.1%+6.8%
Coffee Stain COFFEE-B.STSweden$435M-11%-12%10%15.8×5.6%-11.8%
D2L DTOL.TOCanada$436M+19%+3%5%20.8×15.4%+12.4%
63 Moons Technologies 63MOONS.NSIndia$437M+21%+238%-104%n/an/an/a
Chase Science 300941.SZChina$437M-20%+29%1%n/an/an/a
Hangzhou Century 300078.SZChina$438M-33%-46%-2%n/an/an/a
Gstarsoft 688657.SSChina$415M-19%+17%8%37.4×28.1%+12.1%
Bushiroad 7803.TJapan$441M+102%+3%8%15.3×-3.9%+10.2%
M31 Technology 6643.TWOTaiwan$443M-46%+19%-8%32.0×n/an/a
NanJing Institute of Surveying Mapping and Geotechnical Investigation 300826.SZChina$444M-1%+8%1%n/a45.8%+8.8%
Zhengzhou Jiean Hi-tech 300845.SZChina$444M+5%+6%7%n/an/an/a
Braiin BRAIUnited States$447M-70%n/an/an/an/an/a
Agora, Inc. Sponsored ADR APIUnited States$408M-2%+14%-5%29.5×n/an/a
CHANGE Holdings,Inc 3962.TJapan$407M-3%+12%20%n/a-13.0%+38.0%
Dareway Intelligent Technology 688579.SSChina$450M-26%-21%-2%44.1×18.9%+0.9%

Questions

Which companies are Capillary Technologies India's closest peers?
The cockpit's peer set: Fino (033790.KS), PlayWay Spolka Akcyjna (PLW.WA), IGG (0799.HK), Materialise NV Sponsored ADR (MTLS), UltraGreen.ai (UGS.SI), Objective (OCL.AX), Coffee Stain (COFFEE-B.ST), D2L (DTOL.TO).
Is Capillary Technologies India expensive compared with its peers?
On forward p/e it trades at 46.9× against a peer median of 22.1×, most expensive of 13 in its peer set. For today's price to make sense, revenue must grow about 50% a year for seven years (Req g). Recent delivered growth is +34%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Capillary Technologies India stock performed?
Over six months to 6 Nov 2026 the shares returned -8.3% against -11.2% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.