Disclosure Context

Financial Performance (Consolidated)

Q1 FY27 Key Metrics:

  • Total Income: ₹81.66 crore (vs. ₹70.22 crore in Q1 FY26, +16.3% YoY)
  • EBITDA: ₹9.86 crore (vs. ₹7.78 crore in Q1 FY26, +26.7% YoY)
  • EBITDA Margin: 12.07% (vs. 11.08% in Q1 FY26, +99 basis points)
  • Net Profit: ₹4.66 crore (vs. ₹4.30 crore in Q1 FY26, +8.5% YoY)
  • Net Profit Margin: 5.71% (vs. 6.12% in Q1 FY26, -41 basis points)
  • Diluted EPS: ₹0.78 (vs. ₹0.73 in Q1 FY26, +6.9% YoY)

Management Commentary

Mr. Ritesh Khichadia, Whole Time Director, commented on the performance:

  • Topline growth of 16.3% YoY driven by disciplined execution in both Micro Irrigation and solar EPC business
  • EBITDA margin expansion of 99 BPS and EBITDA growth of 26.7% YoY reflecting operating efficiencies and cost optimization
  • Focus on ramping up new manufacturing facility, expanding Solar EPC presence, and leveraging opportunities across micro-irrigation and renewable energy segments

Operational Highlights

New Manufacturing Facility:

  • Commenced production at new 70,000 sq. ft. manufacturing facility near Ahmedabad, Gujarat
  • Enhances backward integration, improves cost efficiencies, and strengthens manufacturing capacity

Order Win:

  • Secured order worth ₹11.8 crore from MSEDCL for 500 solar pumps under the PM-KUSUM Scheme
  • Strengthens Solar EPC business and execution track record in large-scale solar pumping projects

Listing Update:

  • Listed on National Stock Exchange (NSE) effective July 23, 2026
  • Dual listing on BSE & NSE improves liquidity, price discovery, and broadens participation from retail and institutional investors

Company Background

Captain Polyplast Limited is a leading manufacturer of micro irrigation solutions with diversified presence in solar EPC market. Established in 1997, the company has:

  • Manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh)
  • Distribution network spanning 16 states across India
  • Export markets in Africa, Latin America, and Middle East
  • Partnership with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat

FY26 Consolidated Performance:

  • Total Income: ₹419.75 crore
  • EBITDA: ₹46.32 crore
  • Net Profit: ₹27.78 crore

Forward Outlook

The company aims to:

  • Increase share of commercial sales including non-subsidy micro-irrigation, PVC pipes, and exports
  • Expand domestic and international footprint
  • Grow solar EPC vertical to further diversify revenue mix