Divya Agarwal
Rajkot (Gujarat) [India], August 10: Captain Polyplast Limited (CPL, BSE: 536974), one of the leading manufacturer and exporter of micro irrigation solutions, and has diversified its operations into the fast-paced solar EPC and polymer markets, has reported its Unaudited financials for Q1 FY27.
Key Consolidated Financial Highlights
Q1 FY27:
- Total Income of ₹81.66 Cr, YoY growth of 16.29%
- EBITDA of ₹9.86 Cr, YoY growth of 26.69%
- EBITDA Margin of 12.07%, YoY growth of 99 Bps
- Net Profit of ₹4.66 Cr, YoY growth of 8.46%
- Net Profit Margin of 5.71%
- EPS of ₹0.78, YoY growth of 6.85%
| Commenting on the performance Mr. Ritesh Khichadia, a Whole Time Director of Captain Polyplast Limited said, “Q1 FY27 was marked by several important operational milestones for Captain Polyplast. We commenced production at our new 70,000 sq. ft. manufacturing facility near Ahmedabad, Gujarat, strengthening our manufacturing capacity, enhancing backward integration and improving operational efficiencies. During the quarter, we also secured an order worth ₹11.8 crore from MSEDCL for 500 solar pumps under the PM-KUSUM Scheme, further strengthening our Solar EPC business and execution track record in large-scale solar pumping projects. In addition, the Company’s listing on the National Stock Exchange, effective 23 July 2026, enhances our market visibility, investor accessibility and liquidity.These operational developments were complemented by healthy financial performance during the quarter. Total Income registered a 16.29% YoY growth, while EBITDA increased 26.69% YoY, with EBITDA margin improving by 99 bps to 12.07%, reflecting better operating efficiencies and cost optimisation. Net Profit grew 8.46% YoY during the quarter.Going forward, we remain focused on ramping up our new manufacturing facility, expanding our Solar EPC presence and leveraging opportunities across the micro-irrigation and renewable energy segments to drive sustainable growth and create long-term value for our stakeholders.” |
Q1 FY27 Key Operational Highlights
| MSEDCL Solar Pump Order | Secured an order worth ₹11.8 Cr from MSEDCL for 500 solar pumps under the PM-KUSUM Scheme, reinforcing its Solar EPC businessStrengthens the Company’s execution track record in large-scale solar pumping projects while supporting growth in the renewable energy segment |
| New Manufacturing Facility | Commenced production at the new 70,000 sq. ft. manufacturing facility near Ahmedabad, Gujarat Enhances backward integration, improves cost efficiencies and strengthens manufacturing capacity |
| NSE Listing | Listed on the National Stock Exchange (NSE) effective 23 July, 2026, enhancing the Company’s market presence and investor accessibilityDual listing on BSE & NSE improves liquidity, price discovery, and broadens participation from retail and institutional investors |
About Captain Polyplast Limited (CPL)
Captain Polyplast Limited (CPL) is one of the leading players in the micro-irrigation industry, specializing in the manufacturing and export of equipment for a diverse range of agricultural applications. Established in 1997, the Company leverages over 25 years of expertise and operates manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh). It has built a strong distribution network spanning 16 states across India and exports to markets in Africa, Latin America, and the Middle East.
In recent years, CPL has diversified into the fast-growing solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions, supported by strong government initiatives such as the PM-KUSUM scheme. The Company has also partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat, further strengthening its business portfolio.
The recently operational Ahmedabad plant, spanning ~70,000 sq. ft., is expected to enhance manufacturing efficiency and profitability by enabling in-house production of critical components, thereby improving capacity utilization.
Looking ahead, CPL aims to increase the share of commercial sales, including non-subsidy micro-irrigation, PVC pipes, and exports, to optimize working capital. It also plans to expand its domestic and international footprint, while growth in the solar EPC vertical is expected to further diversify the revenue mix.
With a strong focus on strategic partnerships, operational excellence, and product quality, CPL is well-positioned to enhance its manufacturing capabilities and strengthen its leadership in the micro-irrigation and renewable energy sectors.
In FY26 (Consolidated), Captain Polyplast Limited reported Total Income of ₹ 419.75 Cr, EBITDA of ₹ 46.32 Cr, and a net profit of ₹ 27.78 Cr.
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