Captain Polyplast Ltd (CPL)

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Captain Polyplast Ltd (CPL) · mywealthgrid

About

Industrial plastic products manufacturer, mkt cap ₹412.13 Cr, recent quarterly revenue ₹81.16 Cr. Promoter-led at 68.79%; operates with 11–15% operating margins.

Face value: ₹2

Market cap

₹376 Cr

P/E

12.0×

P/B

2.4×

Dividend yield

ROE

25.6%

ROCE

23.6%

Debt / equity

0.45

OPM

11.2%

EPS (TTM)

₹5.4

Book value

₹26.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin halved from 18.96% (Jun 2020) to 11.53% (Jun 2026); verify whether input costs or pricing pressure is temporary or structural
Zero institutional ownership (FII 0%, DII 0%) and thin public float (31.21%) limit liquidity and analyst coverage; stock down 9.83% YoY near 52w low
Promoter concentration at 68.79% with no institutional checks; verify capital allocation discipline, capex plans, and any promoter pledging
Plastic resin commodity exposed; verify customer contract terms—long-term vs spot, indexed vs fixed—and hedging practice

Generated analysis · source review pending

Growth drivers

Revenue up 64% from ₹49.39 Cr (Mar 2020) to ₹81.16 Cr (Jun 2026); verify whether from organic volume, market share, or customer additions
ROE 25.59% and net profit ₹4.65 Cr provide reinvestment base; D/E 0.45 leaves debt capacity
Operating margin stable 11.53% since Mar 2021; if feedstock costs remain flat, OPM could recover toward 15% historical range

Generated analysis · source review pending

1,979 historical price candles were omitted because the exchange source has not been verified.

₹62.5+0.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 18.5% (3-yr avg)
+High return on capital employed of 24.2%
+Profit CAGR of 124.7% over the last 3 years
+Revenue CAGR of 15.7% over the last 3 years
+High promoter holding of 68.8% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

72/100

Business quality: 52
Growth: 81
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	178	185	225	294	287
COGS	115	137	168	207	201
Gross profit	63	48	57	87	86
	37	33	40	56	54
Operating profit (EBITDA)	26	15	17	32	32
OPM %	14.4%	8.3%	7.5%	10.8%	11.2%
Depreciation	4	4	3	2	3
Interest	10	10	9	11	10
	1	2	3	3	19
Profit before tax	12	4	8	23	39
Tax	3	1	2	5	8
Tax %	27.3%	27.8%	26.4%	22.6%	20.2%
	9	3	6	18	31
PAT margin %	5.1%	1.5%	2.7%	6%	10.9%
EPS (₹)	1.8	0.9	—	—	—
EPS adjusted (₹)	1.8	0.6	1.2	3.4	5.4
	2.2%	0%	—	—	—
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	10,076	10,076	10	10	10	11	12
Reserves	23,492	30,510	52	56	62	85	138
	33,449	56,000	86	84	81	102	66
	42,147	81,480	62	62	75	69	62
Total equity & liabilities	1,09,164	1,78,065	211	211	228	267	278
	10,676	10,767	15	15	13	15	14
CWIP	8	7,192	0	0	0	0	3
Investments	3,723	3,806	5	3	4	5	8
	94,757	1,56,300	190	193	211	247	253
Total assets	1,09,164	1,78,065	211	211	228	267	278

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	35.3%	26.1%	25.4%	29.7%	30.1%
EBITDA margin %	14.4%	8.3%	7.5%	10.8%	11.2%
EBIT margin %	12%	6.4%	6.3%	10%	10.3%
PAT margin %	5.1%	1.5%	2.7%	6%	10.9%
Working capital
Receivable days	230	214	190	219	237
Inventory days	106	100	96	61	71
Payable days	122	105	120	87	84
NWC days	214	209	166	193	224
Leverage
Current ratio	1.43	1.58	1.54	1.59	2.14
Debt to EBITDA	3.36	5.41	4.78	3.21	2.07
Debt to equity	1.39	1.26	1.11	1.07	0.45
Interest coverage	2.2	1.4	1.8	3	3.3
Asset turnover	0.85	0.88	0.98	1.1	1.03
Return ratios
Return on assets %	4.3%	1.3%	2.6%	6.7%	11.3%
Return on capital employed %	27.1%	15.6%	18.1%	31%	23.6%
Return on equity %	14.6%	4.2%	8.3%	18.6%	21%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.5%	66.5%	68.08%	69.52%	69.52%	69.52%	68.64%	69.37%	69.08%	69.08%	68.79%	68.79%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	33.5%	33.5%	31.92%	30.48%	30.48%	30.48%	31.36%	30.63%	30.92%	30.92%	31.21%	31.21%
No. of shareholders	—	—	—	—	—	—	—	—	21,393	20,207	19,568	19,394

Promoter holding up 2.29 percentage points since Sep 2023.

6 deals · 14 Sept 2021 – 29 Dec 2021

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Dec 2021	CAPTAIN PIPES PRIVATE LIMITED	Bulk	BSE	Sell	3,75,000	₹19.94	₹0.75 Cr
28 Dec 2021	CAPTAIN PIPES PRIVATE LIMITED	Bulk	BSE	Sell	4,35,715	₹19.83	₹0.86 Cr
22 Sept 2021	CAPTAIN PLASTIC PRIVATE LIMITED	Bulk	BSE	Sell	3,32,847	₹25.93	₹0.86 Cr
17 Sept 2021	CAPTAIN PLASTIC PRIVATE LIMITED	Bulk	BSE	Sell	2,75,000	₹27.08	₹0.74 Cr
16 Sept 2021	CAPTAIN PLASTIC PRIVATE LIMITED	Bulk	BSE	Sell	4,50,000	₹27.79	₹1.25 Cr
14 Sept 2021	CAPTAIN PLASTIC PRIVATE LIMITED	Bulk	BSE	Sell	3,00,000	₹28.10	₹0.84 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Rameshbhai Devrajbhai KhichadiaExecutive Director-Chairperson-MD
Mr. Ritesh Rameshbhai KhichadiaExecutive Director
Kaushik MoriChief Financial Officer
Mr. PRABHULAL NATHABHAI RABADIANon-Executive - Independent Director
Mr. Gopal Devrajbhai KhichadiaNon-Executive - Non Independent Director
Mr. LALJI GORDHANBHAI VEKARIYANon-Executive - Independent Director
Ms. MITA JAYESHKUMAR MARDIYANon-Executive - Independent Director
Khyati MehtaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Captain Polyplast Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

7

Final dividend21 Sept 2021 · ex-date₹0.04
Dividend dividend30 Sept 2020 · ex-date₹0.04
Dividend dividend5 Sept 2019 · ex-date₹0.04
Final dividend14 Aug 2018 · ex-date₹0.2
Final dividend13 Sept 2017 · ex-date₹0.2
Interim dividend1 Dec 2016 · ex-date₹0.2
Interim dividend27 Nov 2015 · ex-date₹0.4

1

Board meeting to consider results8 Aug 2026

1

Face value ₹10 → ₹219 Sept 2018 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

30 Sept 2026, 5:19 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	35.3%	26.1%	25.4%	29.7%	30.1%
EBITDA margin %	14.4%	8.3%	7.5%	10.8%	11.2%
EBIT margin %	12%	6.4%	6.3%	10%	10.3%
PAT margin %	5.1%	1.5%	2.7%	6%	10.9%
Working capital
Receivable days	230	214	190	219	237
Inventory days	106	100	96	61	71
Payable days	122	105	120	87	84
NWC days	214	209	166	193	224
Leverage
Current ratio	1.43	1.58	1.54	1.59	2.14
Debt to EBITDA	3.36	5.41	4.78	3.21	2.07
Debt to equity	1.39	1.26	1.11	1.07	0.45
Interest coverage	2.2	1.4	1.8	3	3.3
Asset turnover	0.85	0.88	0.98	1.1	1.03
Return ratios
Return on assets %	4.3%	1.3%	2.6%	6.7%	11.3%
Return on capital employed %	27.1%	15.6%	18.1%	31%	23.6%
Return on equity %	14.6%	4.2%	8.3%	18.6%	21%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

Date	Category	Subject	Filing
30 Sept 2026, 5:19 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 6:19 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
17 Sept 2026, 3:42 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
1 Sept 2026, 6:24 pm	Company Update General	Letter Providing The Web-Link For Accessing Notice Of 29Th Annual General Meeting And Integrated Annual Report For The Financial Year 2025-26	PDF
1 Sept 2026, 6:21 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Aug 2026, 5:16 pm	AGM/EGM AGM	Notice Of 29Th AGM	PDF
28 Aug 2026, 5:14 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
24 Aug 2026, 9:53 pm	Corp. Action Book Closure	BOOK CLOSURE AND CUTOFF DATE FOR E-VOTING AT 29TH ANNUAL GENERAL MEETING TO BE HELD ON 26TH SEPTEMBER, 2026 THROUGH VC/OAVM AT 11:00 A.M	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	13	12	-14	9
	-1	3	-1	-2	9
	0	-14	-12	16	-22
Net cash flow	-1	2	-0	0	-4
Free cash flow	-2	12	11	-18	4
CFO / Operating profit %	0.5%	85.2%	73.1%	-43.1%	27.8%

Captain Polyplast Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

7

1

1

Announcements

7

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Captain Polyplast Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends7

Board meetings1

Stock splits1

Announcements

Dividends7

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

7

1

1

7

1

1