Natco Pharma logo

Natco Pharma share price

NSE: NATCOPHARMBSE: 524816Pharmaceuticals & BiotechnologySmall Cap

Natco Pharma Limited · Face value ₹2 · Listed Apr 1995 on BSE, Dec 1995 on NSE
Last close ₹787.55down ₹5.45 (0.69%)BSE ₹787.75

Share price at the NSE close on 29 Oct 2026. Previous close ₹793.00.

29 Oct: open ₹793.00, high ₹799.45, low ₹785.90

52-week range of traded prices to 29 Oct 2026
₹773.60Low, 22 Oct 2026₹1,226.80High, 12 May 2026
Market cap
₹15,449 Cr380th largest listed
P/E
13.50
P/B
Shares changed
Dividend yield
0.57%
ROE
13.6%
ROCE
8.6%
Debt to equity
0.08
Volume, NSE
2,27,66353.4% delivered

Natco Pharma share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−4.9%over a year · Nifty MidSmall Healthcare +15.4% · Nifty 500 −8.4%

ResultsDividendSplit, bonus, rights or demerger20-session average 4,82,105 shares a day, 57.3% delivered

About Natco Pharma

Natco Pharma is a Hyderabad-based drug maker that develops, manufactures and sells finished medicines, active pharmaceutical ingredients (APIs, the chemical substances that make a medicine work) and crop protection products.1 It concentrates on niche and complex generic medicines in cancer, heart, diabetes and other specialty treatments.23 Its customers include distributors, hospitals, government agencies and other drug companies, and its largest markets are the US, India, Canada and Brazil.45

Natco reports 2 segments, pharmaceuticals and agrochemicals; pharmaceuticals bring in most of the revenue, led by export formulations (finished medicines sold abroad), then domestic formulations and APIs.67 In India it sells through 4 divisions: oncology, pharma specialty, cardiology and diabetology.7 Its brands include Veenat (imatinib) for leukaemia and Velpanat (sofosbuvir) for hepatitis C.85 Its crop business sells chlorantraniliprole insecticides and the fungicide Glanz.910 Abroad it works through subsidiaries in the US, Canada, Brazil, Singapore, Indonesia and the Philippines, and through Adcock Ingram, a South African drug maker it holds as an associate (a company it part-owns and influences but does not control).111213

Natco was incorporated in Hyderabad in 1981 and listed on NSE and BSE in 1992; in 2021 it acquired Dash Pharmaceuticals, now NATCO Pharma USA LLC.814 It has a team of more than 5,200 people.15 V.C. Nannapaneni is chairman and managing director, and Rajeev Nannapaneni is vice chairman and chief executive officer.16

Natco Pharma key points

Results

  • In the year to Mar 2026, consolidated total revenue was ₹43,759 million (₹47,840 million a year earlier), EBITDA (earnings before interest, tax, depreciation and amortisation) ₹17,341 million (₹25,505 million) and profit after tax, including its share of associate profit, ₹14,185 million (₹18,834 million).17
  • In the quarter to Jun 2026, consolidated total revenue fell to ₹794.4 crore from ₹1,390.6 crore a year earlier, mainly on lower lenalidomide (generic Revlimid) sales; EBITDA including other income was ₹245.7 crore.18
  • Consolidated profit after tax was ₹206.5 crore in the quarter to Jun 2026, including Natco's ₹84.3 crore share of Adcock Ingram's profit, against ₹269 crore in the quarter to Mar 2026, which included a one-time tax benefit of ₹115 crore.19

Market position

  • Natco ranks among the top 10 generic companies by sales in Canada (year to Dec 2025) and says it has the highest market share there in lenalidomide and oseltamivir.2021
  • In India, Natco says it is among the top 3 companies in its oncology segment and that more than 20 of its brands rank first in prescriptions for their use.2223
  • Natco says it is the first Indian generic maker to launch semaglutide injection for type 2 diabetes.24

Revenue mix

  • Sales by business2526
    Itemyear to Mar 2026year to Mar 2025
    Export formulations₹32,345 million–
    Domestic formulations₹4,409 million–
    Active pharmaceutical ingredients₹2,347 million–
    Crop Health Sciences₹1,382 million₹606 million
  • In the quarter to Jun 2026, domestic formulations revenue was ₹136 crore and Brazil revenue ₹178 crore, which the company called a growth of 180%.27

Plants and capacity

  • Natco has 9 plants in India: 5 for finished medicines (Kothur, Nagarjuna Sagar, Visakhapatnam, Dehradun, Guwahati), 2 for APIs (Mekaguda, Chennai) and 2 crop protection units at Athivaram.2829
  • Capacity added in the year to Mar 202630
    Itemyear to Mar 2026
    Nagarjuna Sagar, cancer injectables10 lakh freeze-dried and 39 lakh liquid vials a year
    Kothur, granulation line250 million tablets a year
    Visakhapatnam, liquid capsule line75 lakh capsules a year

Research and development

  • At the end of Mar 2026 Natco had 28 US Para IV filings (challenges to a branded drug's patents), over 20 of them first-to-file (first generic applicant), including sole filings against Kyprolis, Imbruvica, Lynparza, Ozempic and Wegovy.31
  • Its own cancer molecule NRC-2694-A is in a US FDA-approved phase 2 (mid-stage) trial for recurrent or metastatic head and neck cancer, enrolling patients in the US and India.32
  • On 25 Aug 2026 the company said it is investing US$14 million more in eGenesis, which develops genetically engineered pig organs for transplant, taking its total to US$22 million.33

Stake in Adcock Ingram

  • On 14 Jul 2026 Natco completed buying a further 13.25% of Adcock Ingram for about ZAR 1.81 billion (around ₹1,060 crore), raising its holding from 35.75% to 49%.34
  • Natco first reached 35.75% in November 2025, paying about ZAR 4.0 billion for 34.88% as Adcock Ingram delisted from the Johannesburg Stock Exchange.35
  • Natco says Adcock Ingram is South Africa's second-largest drug company by private market share, holding 10% of that market; its brands include Panado, Allergex and Citro-Soda.3637
  • Adcock Ingram reported revenue of US$592 million and profit after tax of US$57 million in its year to Jun 2026.38

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it expects double-digit earnings growth over the next 2 to 3 years.39
  • On its earnings call of 14 Aug 2026, the company said it expects domestic volumes to rise about 25% in the year to Mar 2027 and its crop health business to break even for the year.4041
  • On its earnings call of 14 Aug 2026, the company said its capital spending runs at about ₹250 crore to ₹300 crore a year and is weighing 2 acquisitions, for which it wants to raise funds.4243
  • On its earnings call of 14 Aug 2026, the company said it has 2 US launches in the year to Mar 2028 and intends to launch with exclusivity (sole generic seller for a period).44

Recent events

  • On 21 Sep 2026 Natco received in-principle approval from NSE and BSE for a rights issue (new shares offered to existing shareholders).45
  • The US FDA inspected the Visakhapatnam formulation plant from 17 to 21 Aug 2026 and issued a Form 483 (a list of inspectors' observations) with 4 observations.46
  • On 18 Jul 2026 the US FDA gave tentative approval (pending patent issues) to Natco's olaparib tablets, a generic of Lynparza; the Para IV patent case was then ongoing.47
  • On 24 Mar 2026 the board approved demerging (splitting off) the agrochemicals business into subsidiary Natco Crop Health Sciences Limited; at its annual report of 4 Sep 2026 the scheme still awaited shareholder, exchange, SEBI and National Company Law Tribunal approval.48

Last updated

All 48 sources, each with its page
  1. 1. Exchange filing, 18 Jul 2026, page 2
  2. 2. Annual report, 4 Sep 2026, page 60
  3. 3. Annual report, 4 Sep 2026, page 13
  4. 4. Annual report, 4 Sep 2026, page 107
  5. 5. Annual report, 4 Sep 2026, page 61
  6. 6. Annual report, 4 Sep 2026, page 65
  7. 7. Annual report, 4 Sep 2026, page 61
  8. 8. Annual report, 4 Sep 2026, page 8
  9. 9. Investor presentation, 19 Aug 2026, page 11
  10. 10. Investor presentation, 19 Aug 2026, page 20
  11. 11. Annual report, 4 Sep 2026, page 28
  12. 12. Annual report, 4 Sep 2026, page 9
  13. 13. Exchange filing, 14 Jul 2026, page 3
  14. 14. Investor presentation, 19 Aug 2026, page 7
  15. 15. Annual report, 4 Sep 2026, page 10
  16. 16. Annual report, 4 Sep 2026, page 11
  17. 17. Annual report, 4 Sep 2026, page 63
  18. 18. Earnings call, 14 Aug 2026, page 3
  19. 19. Earnings call, 14 Aug 2026, page 4
  20. 20. Investor presentation, 19 Aug 2026, page 6
  21. 21. Investor presentation, 19 Aug 2026, page 15
  22. 22. Investor presentation, 19 Aug 2026, page 14
  23. 23. Investor presentation, 19 Aug 2026, page 11
  24. 24. Annual report, 4 Sep 2026, page 61
  25. 25. Investor presentation, 19 Aug 2026, page 11
  26. 26. Annual report, 4 Sep 2026, page 10
  27. 27. Earnings call, 14 Aug 2026, page 4
  28. 28. Annual report, 4 Sep 2026, page 60
  29. 29. Investor presentation, 19 Aug 2026, page 17
  30. 30. Annual report, 4 Sep 2026, page 29
  31. 31. Investor presentation, 19 Aug 2026, page 13
  32. 32. Investor presentation, 19 Aug 2026, page 19
  33. 33. Exchange filing, 25 Aug 2026, page 2
  34. 34. Exchange filing, 14 Jul 2026, page 2
  35. 35. Annual report, 4 Sep 2026, page 6
  36. 36. Exchange filing, 14 Jul 2026, page 3
  37. 37. Annual report, 4 Sep 2026, page 6
  38. 38. Annual report, 4 Sep 2026, page 10
  39. 39. Annual report, 4 Sep 2026, page 11
  40. 40. Earnings call, 14 Aug 2026, page 5
  41. 41. Earnings call, 14 Aug 2026, page 7
  42. 42. Earnings call, 14 Aug 2026, page 11
  43. 43. Earnings call, 14 Aug 2026, page 14
  44. 44. Earnings call, 14 Aug 2026, page 15
  45. 45. Exchange filing, 21 Sep 2026, page 1
  46. 46. Exchange filing, 21 Aug 2026, page 2
  47. 47. Exchange filing, 18 Jul 2026, page 2
  48. 48. Annual report, 4 Sep 2026, page 79

Results

Consolidated; ₹ crore.Natco Pharma quarterly results

Revenue growth, 12 months
−20.7%
Net profit growth, 12 months
−32.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹735 Crdown 0.53%
Net profit
₹207 Crdown 23.23%
Net margin
28.1%

Revenue by quarter

₹1,371 CrSep 24₹475 CrDec 24₹1,221 CrMar 25₹1,329 CrJun 25₹1,363 CrSep 25₹647 CrDec 25₹739 CrMar 26₹735 CrJun 26
Peak revenue ₹1,371 Cr, quarter to Sep 2024; lowest ₹475 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹677 CrSep 24₹132 CrDec 24₹406 CrMar 25₹480 CrJun 25₹518 CrSep 25₹151 CrDec 25₹269 CrMar 26₹207 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,3714751,2211,3291,363647739735
Net profit677132406480518151269207
Net margin49.3%27.9%33.3%36.1%38.0%23.4%36.4%28.1%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Pharmaceuticals₹3,940 Crdown 9.81%96.6%
  • Agro chemicals₹138 Crup 128.05%3.4%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Not shown, P/B: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned.Natco Pharma PE ratio and valuation

Price to earnings

At or below today's level on 24% of 2,479 trading days over the last 10 years.

LowestHighest
Its median21.14Industry median28.38
Dividend yield

At or below today's level on 22% of 2,479 trading days over the last 10 years.

LowestHighest
Its median0.78%Industry median0.48%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+22.5%−24.8%+62.1%0.5%
3 years+20.8%+26.4%−5.1%0.8%
5 years+4.1%+26.8%−18.5%0.8%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Natco Pharma shareholding pattern

Shareholding by group

  • Promoters49.39%
  • Foreign institutions16.00%
  • Indian institutions6.16%
  • Individuals and others28.45%
Holder
V C NANNAPANENIPromoter15.66%
TIME CAP PHARMA LABS PRIVATE LIMITEDPromoter9.59%
VENKATA SATYA SWATHI KANTAMANIPromoter8.90%
NATSOFT INFORMATION SYSTEMS PVT LTDPromoter8.81%
BELGRAVE INVESTMENT FUNDForeign portfolio investors, category I2.31%
Vistra ITCL India Limited A/c Neelima Nannapaneni TrustPromoter2.28%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.03 pts, foreign institutions −0.99 pts, Indian institutions +0.54 pts, mutual funds +0.33 pts.

Mutual fund holdings

83 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 63 of the 66 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 83 funds holding Natco Pharma

Bought for the first time
2
Bought again
2
Added
26
Cut
40
Held unchanged
13
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Natco Pharma insider trading

Bought on the market Sold on the market
  • Promoters and promoter group1 purchase, 5 sales₹0.85 Cr₹17 CrNet−₹17 Cr1 pledge created · 16 off-market moves
  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Natco Pharma competitors and peers

Pharmaceuticals, 215 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Natco Pharma in market cap.Healthcare companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Alivus Life Sciences logoAlivus Life SciencesALIVUS17,15625.624.72+8.2%+26.3%20.2%23.1%0.36%
Eris Lifesciences logoEris LifesciencesERIS16,14422.813.90+11.1%+70.2%19.6%13.4%0.62%
AstraZeneca Pharma India logoAstraZeneca Pharma IndiaASTRAZEN15,74892.8418.04+31.1%−7.5%20.6%24.4%0.57%
Alembic Pharmaceuticals logoAlembic PharmaceuticalsAPLLTD15,62422.612.75+14.1%+14.6%12.7%11.8%1.51%
Jubilant Pharmova logoJubilant PharmovaJUBLPHARMA15,06842.792.12+16.3%−23.5%5.3%7.3%0.53%
Marksans Pharma logoMarksans PharmaMARKSANS14,29127.654.73––17.1%19.9%0.29%
CORONA Remedies logoCORONA RemediesCORONA13,56268.1418.16––26.6%30.9%0.45%
Concord Biotech logoConcord BiotechCONCORDBIO12,87445.586.20+4.0%−12.8%14.5%15.9%0.61%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Natco Pharma dividend history

Dividend per share, ₹, restated for later splits and bonuses

8.3Mar 186.3Mar 196.8Mar 205.3Mar 214.5Mar 225.5Mar 239.5Mar 246Mar 255Mar 261.5Mar 27so far
Highest ₹9.50 a share, year to Mar 2024.
Ex-dateTypePer share
20 Aug 2026Interim₹1.50
18 Feb 2026Interim₹1.50
20 Nov 2025Interim₹1.50
19 Aug 2025Interim₹2.00
18 Feb 2025Interim₹1.50
27 Nov 2024Interim₹1.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Natco Pharma announcements

Natco Pharma share price by year

Each calendar year to 2025.Natco Pharma share price history

YearClose at year endChangeHighest closeLowest close
2025903.05−34.9%1,397.30746.50
20241,387.30+71.0%1,592.85818.30
2023811.35+44.5%914.25523.90
2022561.65−37.9%927.75549.35
2021904.65−6.0%1,162.05790.40
2020961.95+62.1%971.40465.75
2019593.45−12.7%703.40502.65
2018680.05−29.3%1,035.70655.20
2017961.70+65.9%1,077.45583.30
2016579.65+0.1%688.90393.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026785.00802.00779.05793.00789.318,43,95557.8%
27 Oct 2026785.50798.85785.50794.55791.124,33,45962.5%
26 Oct 2026788.30796.05782.60790.20787.594,05,22661.9%
23 Oct 2026785.00797.45778.00791.85785.855,69,53550.8%
22 Oct 2026780.00789.00773.60785.15783.496,99,64963.9%
21 Oct 2026799.00800.65780.00784.45784.684,80,15251.2%
19 Oct 2026785.05809.80779.50800.85799.607,68,06526.9%
16 Oct 2026786.95788.50780.95785.05785.744,97,87173.4%
15 Oct 2026784.00787.60779.00784.95784.052,97,97665.1%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
1 Oct 2026Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
26 Nov 2015Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director
VENKAIAH CHOWDARY NANNAPANENI
At the end of the quarter to Sep 2026
Chief executive
RAJEEV NANNAPANENI
At the end of the quarter to Sep 2026
NSE symbol
NATCOPHARM
BSE code
524816
ISIN
INE987B01026
Industry
Pharmaceuticals & Biotechnology
CIN
L24230TG1981PLC003201
Corporate identity number, the registrar of companies' code for it
Incorporated
1981
Registered office
Natco House, Road No 2, Banjara Hills, Hyderabad 500033, Telangana
Share registrar
Venture Capital & Corporate Investments Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments