Captain Pipes share price & results
- Jun 2026
- Jun 2026
Gujarat-based manufacturer of PVC pipes and fittings (Captain brand) for agriculture, plumbing and drainage, sold via a pan-India distribution network and exports.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 23.7 | +13.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 5.7 | −3.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.75 | −49.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 13.14 | −5.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -9.80 | +7.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 4.62 | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −42.0% 1Y
1Y: ₹12.89 on 24 Oct 2025 → ₹7.47. High ₹13.53 (22 Apr 2026), low ₹7.12 (30 Mar 2026).
- Previous close
- ₹7.33
- Market cap
- ₹162 Cr
- 52-week range
- ₹7.12 – ₹13.53
- One year
- −40.81%
- Price to earnings (TTM to Jun 2026)
- 25.92×
- Return on equity (TTM to Jun 2026)
- 13.14%
Overview
- Symbol
- NSE:CAPPIPES
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Captain Pipes Limited does
Based on the company's own presentations, annual report and earnings calls.
Captain Pipes Limited manufactures PVC pipes and fittings under the "Captain" brand for agriculture, plumbing and drainage applications. Its agriculture range covers pressure pipes, column pipes and agri fittings, while its plumbing range covers UPVC, CPVC and SWR pipes and fittings. Products are made at its Shapar (Veraval), Rajkot plant using German extrusion and Japanese injection-moulding machinery, and sold through distributors and hardware retailers across multiple Indian states as well as exported to several countries.
Segments
- Agriculture Solutions
- Plumbing Solutions
- Installed manufacturing capacity
- 18,000 MT/yr (existing Shapar/Veraval, Rajkot plant)
- Upcoming greenfield plant capacity
- 20,000 MT/yr (Ahmedabad, first phase)
- Manufacturing plants
- Shapar (Veraval), Rajkot, Gujarat; greenfield plant under construction in Ahmedabad
- Extrusion lines
- 10 (German technology)
- Injection moulding machines
- 6 (Japanese technology)
- Product SKUs
- 1,500+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2025 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −50% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 13 | 21 | 23 | 21 | 17 | 20 | 19 | 24 |
| Expenses | 11 | 19 | 21 | 19 | 15 | 18 | 17 | 22 |
| Operating profit | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Operating margin | 14.0% | 9.7% | 7.3% | 9.2% | 12.2% | 9.3% | 12.7% | 5.7% |
| Other income | 0 | 0 | 4 | 1 | 1 | 1 | 2 | 1 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 6 | 2 | 2 | 2 | 3 | 1 |
| Tax rate | 26.7% | 25.3% | 5.8% | 16.3% | 15.4% | 7.0% | 13.5% | 14.8% |
| Net profit | 1 | 1 | 5 | 1 | 1 | 2 | 2 | 1 |
| EPS (₹ per share) | 0.06 | 0.07 | 0.34 | 0.10 | 0.09 | 0.12 | 0.15 | 0.05 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 76 | 77 | 78 |
| Expenses | 69 | 69 | 69 |
| Operating profit | 8 | 8 | 8 |
| Other income | 0 | 5 | 4 |
| Interest | 1 | 1 | 3 |
| Depreciation | 1 | 1 | 2 |
| Profit before tax | 6 | 10 | 8 |
| Net profit | 4 | 9 | 7 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4 | 14 | 15 | 15 | 15 | 15 |
| Reserves | 12 | 6 | 11 | 29 | 31 | 36 |
| Borrowings | 4 | 3 | 6 | 16 | 33 | 31 |
| Other liabilities | 15 | 10 | 12 | 8 | 9 | 11 |
| Total liabilities | 35 | 33 | 43 | 68 | 89 | 93 |
| Fixed assets | 9 | 8 | 11 | 11 | 36 | 36 |
| Capital work in progress | 0 | 0 | 0 | 10 | 0 | 0 |
| Investments | 0 | 0 | 6 | 16 | 23 | 26 |
| Other assets | 26 | 24 | 25 | 30 | 30 | 31 |
| Total assets | 35 | 33 | 43 | 68 | 89 | 93 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Cash from operations | -2 | 10 |
| Cash from investing | -16 | -23 |
| Cash from financing | 18 | 13 |
| Net cash flow | 0 | 0 |
| Free cash flow | -13 | -7 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 53 | 51 | 41 | 57 | 54 | 43 |
| Inventory days | 95 | 54 | 48 | 71 | 78 | 117 |
| Days payable | 121 | 64 | 43 | 53 | 37 | 50 |
| Cash conversion cycle | 27 | 41 | 46 | 75 | 95 | 110 |
| Working capital days | 18 | 40 | 43 | 48 | 81 | 27 |
| Return on capital employed | 14.6% | 12.8% | 15.8% | 25.0% | — | 14.9% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
Growth trapTo justify its price of ₹7, this stock must grow earnings at 34% every year for 7 years. Our analysis caps realistic growth at ~-15%. At that growth it is worth ₹1 — downside of 92%.
- Growth the price implies
- 33.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -14.0% a year
- net profit, FY24–FY26 · EPS -14.9%
- The gap
- 0.5 pp
- -92% downside if it only repeats history
Ownership
Who owns it
Promoters hold 64.39% as of Jun 2026; institutions added 0.07 pts since Mar 2026.
- Promoters 64.39%
- Foreign institutions 0.13%
- Public 35.47%
Who is on the register
Named in the Jun 2026 filing
Every holder of Captain Pipes Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 17.50% | unchanged | |
| 12.16% | unchanged | |
| 6.79% | unchanged | |
| 4.59% | unchanged | |
| 4.20% | unchanged | |
| 3.24% | unchanged | |
| 3.09% | unchanged | |
| 2.73% | unchanged | |
| 2.56% | unchanged | |
| 2.46% | unchanged | |
| 1.94% | unchanged | |
| 1.64% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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