CAPILLARYNSECapillary Technologies India LimitedMediumNeutral
Announced Thu, 14 May · 18:55 IST

Capillary Technologies India Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin ImprovementPromoter Disclosed Acquisition PlansAnalyst Day Multiyear TargetsInvestor Communications View source PDF

CAPILLARY · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹519.05
prior close
₹524.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+0.3+0.0+1.4+0.7-0.2-0.6-1.4-0.8-0.1-3.3-4.0-4.2
Up moveDown movePending
AI summary

Capillary Technologies hosted its Analyst & Investor Day on 14 May 2026, presenting a detailed transformation roadmap to become an AI-native company. The firm, a global leader in loyalty and engagement management serving 415+ brands across 49 countries, reported FY26 revenue of ₹7,346 Mn (up 23% YoY) and adjusted EBITDA of ₹1,069 Mn (up 43% YoY) with FCF of ₹1,106 Mn (15% margin). Its aiRA AI suite is live and showing 45x monthly usage growth. Management targets 20%+ organic annual growth with 35–40% adjusted EBITDA margins from new ACV, and inorganic revenue of ₹391 Cr in FY27 with 5% contribution margin — rising to ~45% FCF margins post-platform migration. Long-term steady-state EBITDA visibility is ₹370–410 Cr (organic ₹270–290 Cr + inorganic ₹100–120 Cr). The company has ₹5,070 Mn in cash and follows a disciplined M&A playbook targeting mid-market loyalty firms in North America and EMEA at 0.5–1.5x price/sales with 4–5 year payback and 20%+ ROIC.

Likely market impact

Shareholders should note the credible path to sustained margin expansion through NRR growth (organic NRR at 114%), operating leverage on non-CoGS costs, and the inorganic M&A turnaround playbook — all underpinned by a strong FCF conversion ratio of 103% and a clean balance sheet. The AI-native transition and long-term targets out to FY30 signal management's confidence in compounding earnings growth.