Captain Polyplast (CPL) had a P/E of 13.1× on 6 Nov 2026, below the industry P/E of 20.4×, and the shares are 18% below their 52-week high. Sales and net profit grew 23% and 66% a year over 3 years, with ROCE of 22% and ROE of 15%. Debt is 0.58× equity. It is a small-cap company with a market cap of ₹371 Cr, ranked 16th of 24 Farm & Heavy Construction Machinery companies by market cap; the shares fell 13% over the past year.
- ₹62.00
- ₹62.50
- ₹60.01
- ₹61.06
- 15.7K
Health check
- ReturnsIn line
−12.9% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 13.1 vs industry 20.4.
- GrowthStrong
Sales +23.1%, profit +66.4% a year over 3 years.
- ProfitabilityStrong
ROCE 22.0% vs peer median 19.4%.
- Balance sheetFair
Debt 0.58× equity, interest covered 5.8×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹371 Cr
- Small cap
- P/E
- 13.1
- Industry 20.4
- Price to book
- 1.84
- Peers 6.87
- Dividend yield
- 0.00%
- ROE
- 15.3%
- Peers 17.7%
- ROCE
- 22.0%
- Peers 19.4%
- Debt to equity
- 0.58
- Debt ₹116 Cr
- EPS (TTM)
- ₹4.72
- Face value ₹2
- OPM (TTM)
- 10.7%
- Net margin 6.2%
- Sales growth
- +16.4%
- Latest quarter vs a year ago
- Profit growth
- +8.5%
- Latest quarter vs a year ago
- Price to sales
- 0.82
- EV/EBITDA 10.0
Strengths and risks
Strengths
- Return on capital employed of 22.0%.
- Quarterly sales up 16.4% on a year ago.
- P/E of 13.1 against an industry P/E of 20.4.
About Captain Polyplast
Captain Polyplast Limited manufactures, sells, exports, and trades in micro irrigation systems and allied products in India. The company provides irrigation equipment, such as drip irrigation systems, drippers and laterals, and sprinklers; irrigation accessories comprising compression fittings, control valves, irrigation filters, fertigation equipment, greenhouses, and mulch films; solar systems consisting of solar water pumps, solar fence energizers,…
- Headquarters
- Rajkot
- Employees
- 511
- Sector
- Industrials
- ISIN
- INE536P01021
- Website
- captainpolyplast.com
Price range
- Avg volume (3M)
- 72.5K
- 1-year return
- minus 12.9%
- From 52-week high
- minus 18.5%
Peers · Farm & Heavy Construction Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASHOKLEYAshok Leyland | 172.09 | plus 1.10% | 1,01,083 | 29.1 | 12.2 | 14.5% | 21.5% | 3.45 | 10.6% | plus 21.2% |
| ESCORTSEscorts Kubota | 2,443.40 | minus 0.67% | 26,888 | 20.4 | 13.5 | 14.4% | 11.5% | 0.01 | 11.3% | minus 35.6% |
| ACEAction Construction Equipment | 1,167.70 | plus 3.55% | 13,900 | 31.8 | 25.5 | 28.5% | 15.6% | 0.00 | 15.0% | plus 2.8% |
| OLECTRAOlectra Greentech | 1,026.35 | minus 2.21% | 8,424 | 47.5 | 26.6 | 19.4% | 13.8% | 0.31 | 28.4% | minus 30.9% |
| AJAXENGGAjax Engineering | 556.65 | minus 1.24% | 6,369 | 28.1 | 20.0 | 21.4% | 12.5% | 0.00 | 22.2% | minus 5.8% |
| SWARAJENGSwaraj Engines | 3,495.30 | minus 1.97% | 4,247 | 20.0 | 15.2 | 52.8% | 12.6% | 0.01 | 12.2% | minus 9.6% |
| VSTTILLERSV.S.T Tillers Tractors | 3,941.70 | minus 2.48% | 3,411 | 31.4 | 16.5 | 12.4% | 13.3% | 0.00 | 7.2% | minus 33.8% |
| CPLCaptain Polyplast | 61.75 | plus 1.13% | 372 | 13.1 | 9.0 | 22.0% | 10.7% | 0.58 | 23.1% | minus 12.9% |
| Median of 7 peers | – | −1.24% | 8,424 | 29.1 | 16.5 | 19.4% | 13.3% | 0.01 | 12.2% | −9.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 69.7 | 79.7 | 126 | 141 | 81.2 | |
| 62.4 | 71.8 | 111 | 128 | 71.8 | |
| 7.3 | 7.9 | 15.2 | 13.4 | 9.4 | |
| 10.5% | 9.9% | 12.1% | 9.5% | 11.5% | |
| 0.6 | 0.5 | 1 | 0.9 | 0.5 | |
| 1.8 | 1.8 | 2.9 | 0.7 | 2.2 | |
| 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | |
| 5.5 | 5.9 | 12.7 | 12.9 | 6.9 | |
| 22.0% | 27.9% | 25.2% | 24.5% | 32.7% | |
| 4.3 | 4.2 | 9.5 | 9.8 | 4.7 | |
| 0.73 | 0.71 | 1.59 | 1.64 | 0.78 |
Profit & loss
- Sales CAGR 3Y
- +23.1%
- Profit CAGR 3Y
- +66.4%
- EPS CAGR 3Y
- +57.1%
- ROE
- 15.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 223 | 292 | 285 | 415 | |
| – | +31.2% | minus 2.4% | +45.8% | |
| 204 | 254 | 252 | 364 | |
| 18.2 | 37.5 | 32.6 | 51.2 | |
| 8.2% | 12.8% | 11.4% | 12.3% | |
| 2.4 | 3.9 | 2.8 | 1.3 | |
| 8.4 | 10.3 | 9.2 | 7.7 | |
| 2.7 | 2.4 | 2.5 | 2.6 | |
| −1.4 | −5.7 | 15.6 | −5.2 | |
| 8.2 | 23 | 39.2 | 37 | |
| 26.4% | 22.6% | 20.2% | 24.9% | |
| 6 | 17.8 | 31.3 | 27.8 | |
| – | +194.8% | +76.1% | minus 11.3% | |
| 1.20 | 3.14 | 5.37 | 4.65 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.1 | 10.6 | 11.5 | 12 | |
| 62.3 | 84.9 | 138 | 179 | |
| 81.5 | 103 | 66.8 | 89.1 | |
| 74.1 | 68.9 | 62.1 | 67.1 | |
| 228 | 267 | 278 | 348 | |
| 13.7 | 15.2 | 17.5 | 23.4 | |
| – | 0 | 3.1 | 3.9 | |
| 0.2 | 0.2 | 4.9 | 5.4 | |
| 4.6 | 4.9 | 1.2 | 0.9 | |
| 210 | 247 | 251 | 314 | |
| 228 | 267 | 278 | 348 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.3 | −13.7 | 7.8 | −22.4 | |
| −0.6 | −1.6 | 14 | −7.2 | |
| −11.8 | 15.6 | −20.8 | 29.4 | |
| −0 | 0.3 | 1.1 | −0.3 | |
| −1.1 | −3.9 | −4.8 | −8.5 | |
| 11.2 | −17.6 | 3 | −30.9 |
Shareholding pattern
- Promoters68.79%
- Public31.21%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 68.79% | 31.21% | 0.00 | |
| 23 Jul 2026 | 68.79% | 31.21% | – |
Major shareholders
Filings & events
News
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