Natural capsules is a small company with market cap of only 67 crore. But, with promoters holding around 48% of total shares with small equity capital base with reserves moving up, it is a good space in small cap company in pharma sector. It is a totally debt free company with CRR and DPR in the ratio of 91 : 09. In other words, one can say that management is retaining good %age of profit with growth plans. Respectable price to earning of 13 against the industry, it is dividend paying company with average ROE of around 18 while book value stands at 81. One should invest in this growing company with conviction for the target of around 100 for med to long term.