CAPILLARY
Capillary Announces Q4 Fy2026 Results With 26% Revenue Growth
Capillary Technologies India Limited reports 26% revenue growth for Q4 FY2026 and 23% for FY2026.
Capillary Technologies India Limited, a software product company, announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported strong revenue growth of 26% year-on-year for the quarter ended March 31, 2026 and 23% for the full year ended March 31, 2026. This growth was driven by expansion within the existing customer base, growth in new annual contract value contributions, and the focused integration of the Kognitiv business acquired in May 2025.
Quarterly Performance
For Q4 FY2026, compared to the same quarter last year, the company reported:
Operating Revenue of ₹ 1,913.5 Mn. vs. ₹ 1,520.8 Mn. (+26% YoY)
Adjusted EBITDA of ₹ 357.2 Mn. vs. ₹ 278.4 Mn. (+28% YoY)
PAT of ₹ 433.6 Mn. vs. ₹ 130.2 Mn. (233% YoY)
Full Year Performance
For FY2026, compared to the same period last year, the company reported:
Operating Revenue of ₹ 7,346.0 Mn. vs. ₹ 5,982.6 Mn. (+23% YoY)
Adjusted EBITDA of ₹ 1069.2 Mn. vs. ₹ 745.1 Mn. (+43% YoY)
PAT of ₹ 523.9 Mn. vs. ₹ 141.5 Mn. (+270% YoY)
Commenting on Q4 FY2026 results, Aneesh Reddy Boddu, Founder, MD & CEO, said, “We delivered a strong quarter, driven by Net Retention Rate (NRR) expansion, the continued addition of large enterprise clients globally, and early integration synergies from the Kognitiv acquisition. The successful closure of the SessionM acquisition from Mastercard further strengthens our market position, providing access to a prestigious portfolio of Fortune 500 brands. Our proprietary AI platform, aiRA, is gaining traction, and we are actively leveraging AI to streamline customer migrations, and drive enterprise-wide productivity within Capillary. Moving forward, we remain committed to sustainable organic growth and profitability while prioritizing the seamless integration of SessionM’s team and clientele”.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Capillary Technologies India Limited
Capillary Technologies India Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.
Capillary falls 11.4% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. Buyers show up with 2.4x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Revenue grows at 53.1% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Capillary Technologies India Limited.
CAPILLARY
Capillary Technologies India Limited (CAPILLARY) eases after clearing resistance, down 5% intraday
Capillary Technologies India Limited (NSE: CAPILLARY) shows pressure after breakout, moving down 5% intraday.
Capillary Technologies India Limited (CAPILLARY) pulls back from breakout highs, falling 5% to ₹530.4 on the NSE today. This retracement comes after the stock cleared a crucial 6-month resistance level at ₹512, marking a structural breakout. The pullback today is likely due to profit-taking following this breakout. Capillary Technologies operates in the technology sector, specifically in software infrastructure. Today’s move appears to be company-specific rather than a sector-wide trend, as it follows the breakout and subsequent profit-taking.
Technical setup — trendlines & DMA
The current 6-month trendline structure shows a breakout above the resistance level at ₹512, with the stock now trading 3.5% above this resistance. The 6-month support trendline is at ₹464.21, which is 12.48% below today’s price. The stock is currently trading 11% above the 50-day moving average (DMA) at ₹505.2, indicating an extended move. However, it is slightly below the 200-DMA at ₹560.7. The stock is in the lower third of its 52-week range, trading 20% above the 52-week low and 33.6% below the 52-week high, suggesting there is still room for further upside within the year.
Snapshot: ₹530.40 on 2026-08-10 (chart frozen at publication)
Fundamentals & business context
With a PE ratio of 81.7 and profit margins at 5.2%, Capillary Technologies is trading at a high valuation relative to its current earnings. The revenue CAGR of 34.0% indicates strong growth, but the thin profit margins suggest that the market may be pricing in future improvements or a potential turnaround. The 20.6% institutional ownership suggests that smart money has a moderate level of confidence in the company, though it is not overwhelmingly bullish. There is no NSE catalyst today, so the move is primarily technical.
Algorithmic scorecard
The overall algorithmic scorecard reflects a technically strong but fundamentally weak position for Capillary Technologies. The strongest signals include the revenue and profit CAGRs, which are excellent at 34.0% and 27.0%, respectively, indicating robust growth. Additionally, the very low debt level with a D/E ratio of 0.00 points to excellent financial health. On the weaker side, the low profit margin of 5.2% leaves little room for error, and the PEG ratio of 3.03 suggests the stock is overvalued relative to its growth rate. The negligible dividend yield also means there is little to no income generation from this investment.
Company outlook
Management expects EBITDA margins to remain sustainable, with a potential dip due to the SessionM acquisition. The core organic business is projected to reach a steady-state EBITDA margin of 25-30%. Revenues are anticipated to exceed INR 1,000-1,050 crores in FY27, driven by both the SessionM acquisition and organic growth. SessionM is expected to significantly contribute to revenue growth and EBITDA in the coming years. The company plans to maintain a 115% NRR on the organic business and target upgrades on the inorganic side to improve margins. An AI-led platform is in development to upgrade customers from acquired stacks to Capillary, aiming to accelerate margin improvements and integrations.
Get all details on CAPILLARY — P&L, peers, shareholding and more on TradeAlone.
CAPILLARY
Capillary Technologies India Limited (CAPILLARY) gains 10% intraday, breaks out
Capillary Technologies India Limited (CAPILLARY) stock gains 10% intraday, breaking out from its 6M resistance trendline.
Capillary Technologies India Limited (CAPILLARY) breaks out, gaining +10% to ₹589.4 on the NSE on 05 Aug 2026, backed by its Q1 FY2027 results showing a 43% revenue increase and a 132% surge in adjusted EBITDA. This move is company-specific, driven by strong financial performance rather than sector-wide momentum. Capillary Technologies, a player in the technology sector focusing on software infrastructure, has shown remarkable growth, distinguishing itself from broader market trends.
Technical setup — trendlines & DMA
From a technical standpoint, CAPILLARY has cleared its 6-month resistance trendline, currently standing at ₹511.86, marking a breakout. The stock is now trading 13.16% above this resistance level, indicating strong upward momentum. The 6-month support trendline is at ₹466.56, which is 20.84% below the current price, providing a solid floor. The 50-day moving average (DMA) at ₹504.1 is below the 200-DMA at ₹561.1, suggesting a bearish trend in the short term but a bullish trend in the long term. CAPILLARY is currently in the middle third of its 52-week range, which spans from ₹464.2 to ₹799.0, implying there is room for further upside.
Snapshot: ₹589.40 on 2026-08-05 (chart frozen at publication)
Fundamentals & business context
Fundamentally, CAPILLARY presents a mixed picture. With a PE ratio of 78.0 and profit margins at 7.1%, the valuation appears stretched relative to current earnings, especially given the thin profit margins. However, the revenue CAGR of 42.2% over the past five years indicates strong growth potential. Institutional ownership stands at 20.6%, suggesting that smart money has a moderate level of confidence in the company. The recent NSE filing highlights a robust quarter with significant revenue and EBITDA growth, reinforcing the positive sentiment around the stock.
Algorithmic scorecard
The algorithmic scorecard reflects a technically strong but fundamentally weaker profile for CAPILLARY. The breakout above resistance and the bullish sentiment over the last 30 days, with an 8.57x higher average volume on up days compared to down days, signal strong accumulation and positive market sentiment. However, the low profit margin of 7.1% and the negligible dividend yield of 0% represent significant risks. The company’s excellent revenue growth consistency and very low debt level are strong positives, but the declining profit CAGR and lack of dividend income could be concerns for income-focused investors.
Company outlook
Management’s forward guidance for Capillary Technologies is optimistic, with expectations for EBITDA margins to remain sustainable, despite a potential dip due to the SessionM acquisition. The company anticipates core organic business margins to reach a steady-state of 25-30% EBITDA margin. Revenues are projected to exceed INR 1,000-1,050 crores in FY27, driven by both organic growth and the SessionM acquisition. SessionM is expected to significantly contribute to revenue and EBITDA in the coming years. The company plans to maintain a 115% NRR on the organic business and target upgrades on the inorganic side to enhance margins. An AI-led platform is in development to upgrade customers from acquired stacks to Capillary, aiming to accelerate margin improvements and integrations.
Get all details on CAPILLARY — P&L, peers, shareholding and more on TradeAlone.
CAPILLARY
Capillary Technologies India Limited (CAPILLARY) breaks out, gains 7% intraday
Capillary Technologies India Limited (NSE: CAPILLARY) stock breaks out, gaining 7% intraday to ₹572.7, backed by strong Q1 FY2027 results.
Capillary Technologies India Limited (CAPILLARY) breaks out, gaining +7% to ₹572.7 on the NSE on 05 Aug 2026, backed by its Q1 FY2027 results showing a 43% revenue increase. This move is driven by the company’s strong financial performance, which has cleared its 6-month resistance trendline after a period of consolidation. Capillary Technologies, a player in the technology sector specializing in software infrastructure, has shown a company-specific surge rather than aligning with broader sector momentum.
Technical setup — trendlines & DMA
The current 6-month trendline structure shows a breakout above the resistance level of ₹511.86, with the stock now trading 10.62% above this point. The 6-month support floor is at ₹466.56, which is 18.53% below today’s price, indicating a strong upward move. The 50-day moving average (DMA) is at ₹504.1, while the 200-DMA is at ₹561.1, showing that the stock is trading above the 50-DMA but still below the 200-DMA. This suggests a mixed position in terms of moving averages. The stock is currently in the lower third of its 52-week range, indicating that there may be room for further upside as it has only recovered 32% from its 52-week low.
Snapshot: ₹572.70 on 2026-08-05 (chart frozen at publication)
Fundamentals & business context
With a PE ratio of 78.0, Capillary Technologies is trading at a high valuation relative to its profit margin of 7.1%, which suggests that the market may be pricing in future growth rather than current earnings. The company’s revenue CAGR of 42.2% over the past five years indicates strong growth, but the absence of profit CAGR suggests that this growth has not yet translated into consistent profitability. The 20.6% institutional ownership reflects a cautious yet interested stance from the smart money, possibly indicating a balance between growth potential and risk. Today’s move is directly linked to the strong Q1 FY2027 results, which served as a clear catalyst.
Algorithmic scorecard
The overall algorithmic scorecard reflects a technically strong but fundamentally weaker profile for Capillary Technologies. The strongest signals come from the breakout above resistance levels with momentum, indicating a positive technical setup, and the consistent revenue growth every year, which points to exceptional business stability. On the weaker side, the low profit margin of 7.1% leaves little room for error, and the negligible dividend yield offers little to no income for investors. These factors highlight the risk of thin profits and the lack of income generation through dividends.
Company outlook
Capillary Technologies has provided forward guidance indicating that revenues are expected to cross INR 1,000-1,050 crores in FY27, driven by the SessionM acquisition and organic growth. The company expects EBITDA margins to remain at sustainable levels, with a core organic business moving towards a steady-state EBITDA margin of 25-30%. SessionM is expected to deliver significant revenue growth and EBITDA contributions in the coming years. The company plans to maintain a focus on a 115% NRR on the organic business and target upgrades on the inorganic side to improve margins. Additionally, Capillary Technologies intends to develop an AI-led platform to upgrade customers from acquired stacks to Capillary, aiming to accelerate margin improvements and integrations.
Get all details on CAPILLARY — P&L, peers, shareholding and more on TradeAlone.
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