CPL

CAPTAIN POLYPLAST financials

Market cap
₹411 Cr
Sector
Capital Goods
Calls analysed
1
Latest concall · Q1 FY27 · call held 11 Aug 2026

CAPTAIN POLYPLAST LIMITED Q1 FY27

EBITDA ₹9.86 cr +27%EBITDA Margin 12.07% Net Profit ₹4.66 cr Total Income ₹81.66 cr +16%

What went well

  • Total income grew 16.3% YoY to ₹81.66 crores, demonstrating strong top-line performance despite challenges.
  • EBITDA increased by 26.7% to ₹9.86 crores, with EBITDA margin improving by 99 basis points to 12.07%, reflecting effective cost optimization.
  • Secured significant orders for 1500 solar pumps in the first four months of FY27, strengthening the order book.

What to watch

  • Q1 FY27 was particularly impacted by several challenges primarily due to the geopolitical situation.
  • Raw material prices (LLDP and HDPE) increased by 50% at the end of March due to geopolitical situation, stabilizing at 30-35% higher than Jan/Feb levels.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 8 tracked 0 delivered 0 missed 8 open
  • Solar EPC segment contribution to overall business open said Q1 FY27 Promised: reach 50% over next 3 years Q1 FY27: Expecting that the overall contribution for solar EPC segment would reach 50% over next 3 years.

All 8 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 16.4%, net profit up 8.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue53 90 78 70 80 +50%126 +40%141 +80%81 +16%
EBITDA6 11 8 7 8 +35%15 +35%13 +69%9 +28%
Net profit16 7 5 4 4 −74%9 +41%10 +91%5 +8%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −4.3% 1Y

₹60.0₹70.0₹80.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q1 FY27 — 11 Aug 2026

1Y: ₹67.73 on 10 Sept 2025 → ₹64.79. High ₹87.29 (4 May 2026), low ₹54.25 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+0.3%
11 Aug

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 19.1% a year over 2 years, FY24 to FY26. Operating margin held at 10.5%.

Year endingFY24FY25FY26
Revenue₹294 Cr₹287 Cr₹417 Cr
Operating profit₹32 Cr₹31 Cr₹44 Cr
Operating margin10.8%10.8%10.5%
Interest₹11 Cr₹9 Cr₹7 Cr
Depreciation₹2 Cr₹3 Cr₹3 Cr
Net profit₹18 Cr₹31 Cr₹28 Cr
Net margin6.0%10.9%6.7%
Cash from operations₹-13 Cr₹9 Cr₹-22 Cr
Free cash flow₹-17 Cr₹4 Cr₹-31 Cr
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹11 Cr₹12 Cr₹12 Cr
Reserves₹52 Cr₹56 Cr₹62 Cr₹85 Cr₹159 Cr₹179 Cr
Borrowings₹86 Cr₹85 Cr₹82 Cr₹103 Cr₹82 Cr₹89 Cr
Other liabilities₹62 Cr₹60 Cr₹74 Cr₹69 Cr₹63 Cr₹67 Cr
Total liabilities₹211 Cr₹211 Cr₹228 Cr₹267 Cr₹316 Cr₹348 Cr
Fixed assets₹18 Cr₹15 Cr₹14 Cr₹15 Cr₹18 Cr₹20 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹4 Cr
Investments₹5 Cr₹3 Cr₹4 Cr₹5 Cr₹3 Cr₹4 Cr
Other assets₹187 Cr₹193 Cr₹210 Cr₹247 Cr₹293 Cr₹321 Cr
Total assets₹211 Cr₹211 Cr₹228 Cr₹267 Cr₹316 Cr₹348 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jul 2026

Since Jun 2025, the public added +0.59 pp while promoters trimmed −0.58 pp. The shareholder count shrank 13% to 19,247.

Promoters
68.8%
Public
31.2%

Since Jun 2025

  • Public +0.59 pp
  • Promoters −0.58 pp

How it drifted, 12 quarters

Over this window promoters went from 66.5% to 68.8% — +2.3 pp.

Dec '23Mar '25Jul '26

Ownership split by quarter, oldest first. Dec '23: Promoters 66.5%, Public 33.5%.Mar '24: Promoters 68.1%, Public 31.9%.Jun '24: Promoters 69.5%, Public 30.5%.Sep '24: Promoters 69.5%, Public 30.5%.Dec '24: Promoters 69.5%, Public 30.5%.Mar '25: Promoters 68.6%, Public 31.4%.Jun '25: Promoters 69.4%, Public 30.6%.Sep '25: Promoters 69.1%, Public 30.9%.Dec '25: Promoters 69.1%, Public 30.9%.Mar '26: Promoters 68.8%, Public 31.2%.Jun '26: Promoters 68.8%, Public 31.2%.Jul '26: Promoters 68.8%, Public 31.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jul 2026 filing

Every holder of CAPTAIN POLYPLAST LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.

HolderStakeChange
Rameshbhai Devrajbhai Khichadia 15.42%unchanged
Captain Pipes Limited 14.82%unchanged
Gopal Devrajbhai Khichadia 12.84%unchanged
Sangeetaben Rameshbhai Khichadia 5.06%unchanged
Pansuria Kanji Mohanbhai 4.20%unchanged
Ritesh R. Khichadia 3.39%unchanged
Kantilal Manilal Gediya 2.65%unchanged
Captain Technocast Ltd 2.49%unchanged
Ramesh D Khichadia 2.32%unchanged
Polymer Impex Private Ltd 1.55%unchanged
Ratilal M Pansuriya 0.86%unchanged
Lilavantiben K. Gediya 0.84%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.

What the price assumes

Attractive

To justify its price of ₹65, this stock must grow earnings at 6% every year for 7 years. Our analysis caps realistic growth at ~25%. At that growth it is worth ₹174 — upside of 169%.

Growth the price implies
6.1% a year
for 7 years, fading to 4%
It has actually compounded at
25.0% a year
net profit, FY24–FY26
The gap
-0.2 pp
169% downside if it only repeats history
Price today ₹64.79 Value at the reference growth ₹173.99

Change the assumptions yourself →

Learn to analyse CAPTAIN POLYPLAST LIMITED

Guides on how to read this kind of business and the numbers that matter.