Capillary Technologies India Ltd (CAPILLARY) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Capillary Technologies India Ltd ₹112, price ₹555, upside -79.8%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 1, 2026.
How to read this chart
10‑month range ₹448.95 – ₹732.15 · fair‑value band ₹84.05 – ₹140.08 · the ₹554.70 price screens above the ₹112.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 1, 2026.
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Capillary Technologies India Limited provides artificial intelligence (AI)-based cloud-native Software-as-a Service (SaaS) products and solutions primarily to enterprise customers.
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Capillary Technologies India Limited provides artificial intelligence (AI)-based cloud-native Software-as-a Service (SaaS) products and solutions primarily to enterprise customers. The company offers Loyalty+, an engagement-based experiential loyalty platform that provides online, in-store, and social media-based loyalty to engage customers; Customer Data Platform+, a consumer data platform that manages data collection, leverages data, and delivers hyper-personalization content across websites, mobile, social media, and email marketing using machine learning for engagement; Engage+, an artificial intelligence powered consumer engagement platform that empowers brands to connect with end-consumers; Insights+, a decision-making tool designed for businesses to deliver insights; and Rewards+, a solution that identifies, sources, and catalogs intelligence-based offers, such as cash back, card linked offers, vouchers, discounts, and experiences to ensure that every single reward will inspire loyalty for each individual customer. It serves retail, healthcare, Banking, Financial Services, Insurance, telecommunications, consumer packaged goods, travel, automobile, hospitality, energy retail, apparel, departmental stores, CPG/FMCG, luxury and lifestyle, conglomerates, airline companies, and food and beverages industries. The company operates in India, the United States, Mexico, Canada, South-East Asia, Japan, the Middle East, and European Union. The company was incorporated in 2012 and is headquartered in Bengaluru, India.
Stock analysis
Capillary Technologies India Ltd (CAPILLARY) currently trades at ₹554.70, while our model-based Fair Value estimate is ₹112.06, 79.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹265.63 per share, and 0 of the 14 models we run sit above the ₹554.70 price.
Bear case: the Economic Profit group reads lowest at ₹20.66, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹84.05 (bear) to ₹140.08 (bull), the price of ₹554.70 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Capillary Technologies India Ltd reported revenue of ₹7.3B in FY2026 versus ₹2.6B in FY2023, a compound +42.2%/yr. Reported net income was ₹524M in FY2026.
Key figures
Market cap ₹44.0B (≈ $460M) · P/E ratio 105.1 · P/S ratio 7.49 · EPS (TTM) ₹5.28 · Net margin 7.1% · Return on equity 6.6% · Return on assets (EBIT) −6.8% · Operating margin 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −80%, CAPILLARY screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹20.66 to ₹312.61). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹84.05Fair Value ₹112.06Bull ₹140.08
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.66 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+22.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+42.2%
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−40.0% (2023) → 2.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Compare Capillary Technologies India Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 700 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−79.8% · Bottom 25%
Profitability
Return on equity (TTM)6.6% · Above median
Return on assets1.9% · Above median
Net margin (TTM)5.2% · Above median
Operating margin (TTM)10.1% · Above median
Growth and dividend
Revenue growth42.7% · Top 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (TTM)105.1× · Priciest 25%
P/B4.30× · Pricier than median
P/S (TTM)5.43× · Priciest 25%
EV/EBITDA36.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)100· sector 39
PAST (return on equity)26· sector 16
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 32
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Capillary Technologies India Ltd Fair Value". https://www.fairvalue-calculator.com/stock/CAPILLARY
Frequently asked questions
Is Capillary Technologies India Ltd (CAPILLARY) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹112.06 versus a price of ₹554.70, about −80% upside (overvalued).
What is the fair value of CAPILLARY?
Our model-based fair value for Capillary Technologies India Ltd is ₹112.06 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹554.70.
What is the quality score of CAPILLARY?
Capillary Technologies India Ltd has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Capillary Technologies India Ltd (CAPILLARY)?
Our model-based price target is the fair value of ₹112.06 (as of Oct 1, 2026) from 14 valuation models. Cautious scenario ₹84.05, optimistic scenario ₹140.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Capillary Technologies India Ltd stock forecast for 2026?
Our models put fair value at ₹112.06, about −80% upside versus a price of ₹554.70 (overvalued). Cautious scenario ₹84.05, optimistic scenario ₹140.08. The calculation is refreshed regularly with new filings.
What is the revenue of Capillary Technologies India Ltd (CAPILLARY)?
Capillary Technologies India Ltd reported trailing-twelve-month revenue of about ₹8.1B (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Capillary Technologies India Ltd (CAPILLARY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Capillary Technologies India Ltd it is ₹112.06 per share (as of Oct 1, 2026), against a price of ₹554.70. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Capillary Technologies India Ltd stock overvalued or undervalued in 2026?
As of Oct 1, 2026, CAPILLARY trades above its calculated fair value: price ₹554.70, fair value ₹112.06, a gap of about −80% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CAPILLARY?
No. The price is what the market pays today (₹554.70); the fair value is what the company's own numbers justify (₹112.06). For Capillary Technologies India Ltd the two are ₹442.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Capillary Technologies India Ltd worth?
The market values Capillary Technologies India Ltd at about ₹44.0B (market capitalisation, as of Oct 1, 2026). Per share that is ₹554.70; our models calculate a fair value of ₹112.06 per share.
What do the bullish and bearish scenarios say about CAPILLARY?
Our models span a range for Capillary Technologies India Ltd: cautious scenario ₹84.05, base ₹112.06, optimistic ₹140.08 per share (as of Oct 1, 2026, price ₹554.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CAPILLARY?
Capillary Technologies India Ltd trades at a price-to-earnings ratio of 105.1 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹112.06 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 154.2 (reported for FY2026: 84.1). Other multiples: P/B 4.3, P/S 5.4, EV/EBITDA 36.2.
How solid is the balance sheet of Capillary Technologies India Ltd (CAPILLARY)?
Balance-sheet figures for Capillary Technologies India Ltd (as of Oct 1, 2026): return on equity 6.6%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
Which stocks are comparable to Capillary Technologies India Ltd?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Capillary Technologies India Ltd stock attractive at the current price?
The data as of Oct 1, 2026: price ₹554.70, calculated fair value ₹112.06 (−80%), Quality Score 46/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CAPILLARY calculated?
We run Capillary Technologies India Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹112.06, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Capillary Technologies India Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Capillary Technologies India Ltd (CAPILLARY)?
The closing price on Oct 1, 2026 was ₹554.70. Our model-based fair value is ₹112.06, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Capillary Technologies India Ltd right now?
The price sits above even our optimistic bull case (₹140.08). The favourable scenario is already priced in. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Capillary Technologies India Ltd
How large is the market capitalisation of Capillary Technologies India Ltd (CAPILLARY)?
The market capitalisation of Capillary Technologies India Ltd is ₹44.0B (≈ $460M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Capillary Technologies India Ltd (CAPILLARY)?
The price-to-sales ratio of Capillary Technologies India Ltd is 7.49 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Capillary Technologies India Ltd (CAPILLARY)?
Earnings per share at Capillary Technologies India Ltd are ₹5.28 (price ÷ EPS = P/E 105.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Capillary Technologies India Ltd (CAPILLARY)?
The net margin of Capillary Technologies India Ltd is 7.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Capillary Technologies India Ltd (CAPILLARY)?
The return on equity (ROE) of Capillary Technologies India Ltd is 6.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Capillary Technologies India Ltd (CAPILLARY)?
On an EBIT basis the return on assets of Capillary Technologies India Ltd is −6.8% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Capillary Technologies India Ltd (CAPILLARY)?
The operating margin of Capillary Technologies India Ltd is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Capillary Technologies India Ltd (CAPILLARY)?
Revenue at Capillary Technologies India Ltd is growing +42.7% versus a year earlier (3y avg +42.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Capillary Technologies India Ltd (CAPILLARY)?
Earnings per share at Capillary Technologies India Ltd are growing +306% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Capillary Technologies India Ltd (CAPILLARY) generate?
The free cash flow of Capillary Technologies India Ltd is −₹2.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Capillary Technologies India Ltd (CAPILLARY) carry?
The net debt of Capillary Technologies India Ltd is ₹89.1M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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