Captain Polyplast Limited
NSE: CPLPlastic Products - Industrial
Share price
₹60.06
-1.70% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
66
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹360 Cr
P/E ratio
12.8
P/B ratio
1.9
ROCE
18.6%
ROE
16.4%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 47.0% over the past year, and 13.2% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 7.2% to 10.7% over the last four years.
Whether it grew faster than its sector
It grew 13.2% a year against a sector median of 10.6% — 2.6 percentage points faster.
Room to re-rate, or risk of de-rating
At 12.8× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 26.9×, across 5 companies. It is against its own five-year median of 24.9×, the 2nd percentile of its own range.
Whether growth justifies the valuation
Priced at 0.2 times its growth rate, on earnings growth of 66%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Captain Polyplast Limited — this one | 66%/yr | 12.8× | ₹0.19 |
| Garware Hi-Tech Films Limited | 27%/yr | 41.1× | ₹1.5 |
| Finolex Industries Limited | 33%/yr | 15.1× | ₹0.46 |
| Kingfa Science & Technology (India) Limited | 32%/yr | 42.3× | ₹1.3 |
| Time Technoplast Limited | 28%/yr | 18.0× | ₹0.64 |
| Prince Pipes And Fittings Limited | -15%/yr | 26.9× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Plastic Products - Industrial), it ranks 8 of 24 on returns, 5 of 22 on growth, 16 of 24 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 18.6% on capital, ahead of 67% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹3 crore of cash before any plant spend. But only about 9 of every 100 rupees of profit it reported over 12 years arrived as cash — the rest is tied up. Its cash comes back more slowly than it used to: it went from being waiting 126 days for its cash to waiting 142 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
6 of 8 checks clear · 75%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 8 Aug 2026 · Consolidated · Unaudited
Revenue
₹81 Cr
Revenue vs last year
+16.4%
Revenue vs last quarter
-42.6%
Net profit
₹5 Cr
Profit vs last year
+8.4%
Profit vs last quarter
-52.2%
Net margin
5.7%
EPS
₹0.78
Earnings call transcript · 11 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹360 Cr
- Prev close
- ₹60.06
- 52w High
- ₹87.8
- 52w Low
- ₹52.7
- Enterprise value
- ₹450 Cr
- Beta
- 0.9
- Price CAGR 1y
- -13.0%
- Price CAGR 3y
- 33.0%
- Price CAGR 5y
- 18.0%
- Price CAGR 10y
- 8.0%
Ratios
- Return on assets
- 8.0%
- PEG ratio
- 0.2
- P/E ratio
- 12.8
- P/B ratio
- 1.9
- EV / EBITDA
- 9.8
- Industry P/E
- 23.1
- ROCE
- 18.6%
- ROCE 5y average
- 15.0%
- ROE
- 16.4%
- Debt / Equity
- 0.5
- Interest coverage
- 5.1
- Dividend yield
- 0.0%
- ROE 3y average
- 15.0%
- ROE last year
- 16.0%
Annual P&L
- Annual revenue
- ₹417 Cr
- Annual profit
- ₹28 Cr
- Operating margin
- 11.0%
- Net profit margin
- 6.7%
- EBITDA margin
- 11.0%
- Sales growth 3y
- 22.8%
- Sales growth 5y
- 18.6%
- Profit growth 3y
- 66.0%
- Profit growth 5y
- 25.0%
- EPS
- ₹4.6
- Sales growth TTM
- 47.0%
- Profit growth TTM
- 46.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹81 Cr
- Profit latest quarter
- ₹5 Cr
- YoY quarterly sales growth
- 16.4%
- YoY quarterly profit growth
- 8.4%
- OPM latest quarter
- 11.5%
Balance Sheet
- Book Value
- ₹31.8
- Face Value
- ₹2.0
- Total debt
- ₹89 Cr
- Total cash
- ₹1 Cr
- Borrowings
- ₹89 Cr
- Reserves / Equity
- 14.9
Cash Flow
- Operating cash flow
- -₹22 Cr
- Free cash flow
- -₹31 Cr
- FCF yield
- -11.1%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 68.8%
- FII holding
- —
- DII holding
- —
- Public holding
- 31.2%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Supreme Inds. | 3,550.00 | 43.7 | 45,095 | 1.01 | 280.7 | 38.8 | 2,717.7 | 4.2 | 20.7 |
| Astral | 1,427.70 | 64.8 | 38,355 | 0.28 | 120.2 | 48.2 | 1,578.0 | 15.9 | 19.2 |
| Garware Hi Tech | 6,903.50 | 41.4 | 16,038 | 0.17 | 132.7 | 59.8 | 633.1 | 27.9 | 18.1 |
| Finolex Inds. | 153.91 | 15.5 | 9,550 | 1.30 | 114.5 | 16.7 | 883.6 | -15.3 | 11.8 |
| Kingfa Science | 6,932.50 | 41.6 | 9,394 | 0.29 | 80.2 | 101.6 | 688.6 | 49.1 | 23.2 |
| Time Technoplast | 183.62 | 18.5 | 9,064 | 0.82 | 117.9 | 22.2 | 1,692.7 | 25.1 | 16.5 |
| Prince Pipes | 256.65 | 27.2 | 2,838 | 0.39 | 33.8 | 600.2 | 609.4 | 5.0 | 6.0 |
| Captain Polyplas | 61.10 | 13.1 | 368 | 0.00 | 4.7 | 8.4 | 81.2 | 16.4 | 18.6 |
| Median | 183.62 | 22.3 | 311 | 0.00 | 5.3 | 22.2 | 101.1 | 16.3 | 14.9 |
Competes with: Astral Limited, Finolex Industries Limited, Garware Hi-Tech Films Limited, Kingfa Science & Technology (India) Limited, Prince Pipes And Fittings Limited, Supreme Industries Limited, Time Technoplast Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 73 | 70 | 83 | 69 | 65 | 53 | 90 | 78 | 70 | 80 | 126 | 141 | 81 |
| Expenses | 65 | 63 | 74 | 60 | 59 | 47 | 79 | 71 | 62 | 72 | 111 | 128 | 72 |
| Material Cost | 63 | ||||||||||||
| Change in Inventories | -6.12 | ||||||||||||
| Purchases of Stock-in-Trade | 0 | ||||||||||||
| Employee Cost | 4.11 | ||||||||||||
| Other Expenses | 11 | ||||||||||||
| Operating Profit | 7.34 | 6.99 | 8.83 | 8.62 | 6.04 | 5.84 | 11 | 7.92 | 7.30 | 7.89 | 15 | 13 | 9.36 |
| OPM % | 10 | 9.94 | 11 | 13 | 9.31 | 11 | 13 | 10 | 10 | 9.90 | 12 | 9.49 | 12 |
| Other Income | 1.11 | 0.96 | 1.20 | 1.29 | 1.25 | 17 | 0.82 | 0.80 | 0.63 | 0.48 | 0.98 | 0.90 | 0.51 |
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 2.53 | 2.65 | 2.84 | 2.93 | 2.55 | 2.59 | 2.42 | 1.26 | 1.83 | 1.82 | 2.87 | 0.72 | 2.18 |
| Depreciation | 0.58 | 0.59 | 0.61 | 0.62 | 0.59 | 0.62 | 0.65 | 0.65 | 0.59 | 0.66 | 0.68 | 0.67 | 0.76 |
| Profit before tax | 5.34 | 4.71 | 6.58 | 6.36 | 4.15 | 19 | 9.05 | 6.81 | 5.51 | 5.89 | 13 | 13 | 6.93 |
| Tax % | 25 | 20 | 24 | 21 | 23 | 15 | 26 | 25 | 22 | 28 | 25 | 25 | 33 |
| Net Profit | 4.01 | 3.79 | 4.97 | 5.02 | 3.20 | 16 | 6.73 | 5.12 | 4.30 | 4.24 | 9.48 | 9.76 | 4.66 |
| EPS in Rs | 0.80 | 0.75 | 0.99 | 0.95 | 0.58 | 2.94 | 1.22 | 0.89 | 0.72 | 0.71 | 1.58 | 1.62 | 0.77 |
| Diluted EPS in Rs | 0.78 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 99 | 135 | 115 | 125 | 149 | 186 | 178 | 185 | 225 | 294 | 287 | 417 | 429 |
| Expenses | 86 | 119 | 99 | 110 | 131 | 158 | 152 | 170 | 208 | 263 | 254 | 371 | 383 |
| Operating Profit | 13 | 16 | 16 | 15 | 18 | 28 | 26 | 15 | 17 | 32 | 33 | 46 | 46 |
| OPM % | 13 | 12 | 14 | 12 | 12 | 15 | 14 | 8 | 8 | 11 | 11 | 11 | 11 |
| Other Income | 1 | 1 | 0 | 2 | 1 | 3 | 1 | 2 | 3 | 5 | 19 | 3 | 3 |
| Interest | 7 | 7 | 6 | 6 | 7 | 10 | 10 | 10 | 9 | 11 | 10 | 9 | 8 |
| Depreciation | 3 | 3 | 2 | 2 | 2 | 4 | 4 | 4 | 3 | 2 | 2 | 3 | 3 |
| Profit before tax | 4 | 6 | 8 | 8 | 10 | 17 | 12 | 4 | 8 | 23 | 39 | 37 | 38 |
| Tax % | 36 | 33 | 35 | 34 | 27 | 27 | 27 | 28 | 26 | 23 | 20 | 25 | |
| Net Profit | 2 | 4 | 5 | 6 | 7 | 13 | 9 | 3 | 6 | 18 | 31 | 28 | 28 |
| EPS in Rs | 0.46 | 0.75 | 0.98 | 1.09 | 1.43 | 2.50 | 1.80 | 0.55 | 1.20 | 3.36 | 5.44 | 4.62 | 4.68 |
| Dividend Payout % | 0 | 11 | 8 | 4 | 3 | 2 | 2 | 7 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 12%
- 5 years
- 19%
- 3 years
- 23%
- TTM
- 47%
Compounded profit growth
- 10 years
- 22%
- 5 years
- 25%
- 3 years
- 66%
- TTM
- 46%
Stock price CAGR
- 10 years
- 8%
- 5 years
- 18%
- 3 years
- 33%
- 1 year
- -13%
Return on equity
- 10 years
- 15%
- 5 years
- 13%
- 3 years
- 15%
- Last year
- 16%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 12 | 12 |
| Reserves | 12 | 14 | 19 | 23 | 31 | 43 | 52 | 56 | 62 | 85 | 138 | 179 |
| Borrowings | 22 | 25 | 24 | 34 | 63 | 74 | 86 | 85 | 82 | 103 | 67 | 89 |
| Other Liabilities | 36 | 47 | 49 | 41 | 75 | 84 | 62 | 60 | 74 | 69 | 62 | 67 |
| Total Liabilities | 79 | 96 | 101 | 109 | 178 | 211 | 211 | 211 | 228 | 267 | 278 | 348 |
| Fixed Assets | 14 | 12 | 11 | 11 | 11 | 19 | 18 | 15 | 14 | 15 | 14 | 20 |
| CWIP | 0 | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 3 | 4 |
| Investments | 2 | 2 | 5 | 5 | 5 | 5 | 5 | 3 | 4 | 5 | 3 | 4 |
| Other Assets | 63 | 82 | 85 | 94 | 155 | 188 | 187 | 193 | 210 | 247 | 258 | 321 |
| Total Assets | 79 | 96 | 101 | 109 | 178 | 211 | 211 | 211 | 228 | 267 | 278 | 348 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 12 | 7 | 10 | -8 | -6 | -0 | 0 | 12 | 12 | -13 | 8 | -22 |
| Cash from Investing Activity | -3 | -0 | -3 | -0 | -8 | 1 | -1 | 4 | -1 | -3 | 14 | -7 |
| Cash from Financing Activity | -9 | -5 | -8 | 6 | 15 | 0 | 0 | -14 | -12 | 16 | -21 | 29 |
| Net Cash Flow | -1 | 1 | -1 | -3 | 0 | 2 | -1 | 2 | -0 | 0 | 1 | -0 |
| Free Cash Flow | 9 | 6 | 9 | -10 | -15 | -2 | -2 | 11 | 11 | -17 | 3.22 | -31 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 143 | 139 | 163 | 152 | 221 | 186 | 230 | 214 | 190 | 219 | 237 | 211 |
| Inventory Days | 88 | 86 | 111 | 96 | 112 | 105 | 106 | 100 | 96 | 61 | 71 | 49 |
| Days Payable | 165 | 161 | 187 | 128 | 176 | 215 | 122 | 105 | 120 | 87 | 84 | 59 |
| Cash Conversion Cycle | 67 | 65 | 87 | 119 | 158 | 76 | 214 | 209 | 166 | 193 | 224 | 200 |
| Working Capital Days | 35 | 27 | 30 | 45 | 44 | 63 | 107 | 126 | 108 | 104 | 163 | 142 |
| ROCE % | 28 | 27 | 24 | 20 | 24 | 16 | 9 | 12 | 19 | 16 | 19 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
News
News and filings about Captain Polyplast Limited. Open one to see why it matters.
17 Sept, 18:05 IST · Company event · medium impact
Captain Polyplast Limited has won a new order or contract
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- plastic polymer granules
Sells products of
Sells to
- Capital Polyplast (Guj) Pvt Ltd · Micro-irrigation products
- Captain Pipes Limited · Micro-irrigation components and allied products sold to the associate company (BSE: CAPPIP…
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Plastic Products - Industrial
- Classification
- Capital Goods › Plastic Products - Industrial
- ISIN
- INE536P01021
Plants
- Captain Polyplast Bhamasara Plant, Bavla
- Captain Polyplast Captain Gate Plant I, Shapar
- Captain Polyplast Captain Gate Plant II, Shapar
- Captain Polyplast Kurnool Plant
News impact
Big market events that reach Captain Polyplast Limited, and how the effect spreads.
17 Sept, 21:29 IST · Market event · high impact
Captain Polyplast bags MSEDCL order to install solar water pumping systems
Captain Polyplast won a Maharashtra power-company order to supply and install solar water pumps for farmers, which should bring it new revenue, while rival pipe makers miss out on this order for now.
Who it hits first
- Captain Polyplast (CPL) won an MSEDCL order to design, make, supply, install, test and commission off-grid solar water pumps for Maharashtra farmers — fresh order backlog, though no value, quantity or timeline was disclosed.
- MSEDCL, the Maharashtra state power distributor (unlisted), is the buyer, so there is no listed-company impact on the buyer side.
Who may gain
- Captain Polyplast alone gains assured business from this tender; pipe peers Astral, Supreme Industries, Time Technoplast and Garware Hi-Tech Films missed this order but the size is too small to hurt their far larger sales.
Along the supply chain
Downstream
Maharashtra farmers receive solar pumps that cut diesel and grid-power pumping costs; no listed downstream company is affected.
Upstream
CPL will buy more solar panels, pump sets, pipes and fittings to execute the order — a small demand lift for its component suppliers.
Where demand moves
Business
MSEDCL's solar-pump demand flows to Captain Polyplast instead of rival bidders; component demand (panels, pumps, pipes) rises mildly for CPL's unnamed suppliers.
Capital
Small speculative buying may lift micro-cap CPL on the news; far too small to pull money out of large pipe peers, so no sector rotation.
How it spreads across sectors
Capital Goods
Negligible at sector level — a single small order for a micro-cap does not move the sector.
Power
Off-grid solar pumps marginally slow farm power-demand growth for distributors over time, but this order's scale is tiny; mildly positive for the distributed-solar theme with no thermal displacement.
Commodity angle
Cc skip reason
no_commodity_link
A pattern seen before
Cascade chain
- MSEDCL orders off-grid DC solar pumps from Captain Polyplast for Maharashtra farmers
- Distributed-solar demand signal mildly positive for solar EPC and pump makers; order scale undisclosed so read-through is limited
- No thermal-power displacement at this scale — incremental off-grid capacity for farm use
Pattern name
Energy Transition Cascade
Sectors queried
- Capital Goods
- Power
When it plays out
Immediate
CPL likely opens firm on the order news within 1-7 days; thin trading (~Rs 76 lakh/day) can exaggerate the move both ways; peers flat.
Medium term
Over 1-6 months installation progress, order margins and any repeat MSEDCL tenders decide whether gains hold.
Short term
Over 1-4 weeks follow-through depends on the company disclosing the order value — without numbers the early pop typically fades, as past contract wins show.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
No dividends, splits or big trades on record.
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2628 Aug 2026
- Earnings call11 Aug 2026
- Results presentation30 Jun 2026
- Earnings call25 May 2026
- Earnings call10 Feb 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.