Captain

Rajkot, India Founded: 2007 • Age: 19 yrs Listed
Pipes and irrigation equipment are manufactured and exported.

About Captain

Captain is a publicly listed company based in Rajkot (India) founded in 2007. Pipes and irrigation equipment are manufactured and exported. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 493 employees. Its Indian entity Captain Polyplast Limited reported revenue of β‚Ή431 Cr. Captain offers products and services including Drip Irrigation System, Sprinkler Irrigation System, Solar Water Pumps, and Water Soluble Fertilizer. Its focus areas include Agriculture, Irrigation and Micro Irrigation.

Company details

Captain, operated by Captain Polyplast Ltd., is engaged in the production of advanced micro irrigation systems in India. Drip and sprinkler irrigation technologies are manufactured using German and Israeli innovations. Operations span across agriculture with a focus on sustainable farming solutions. Manufacturing facilities are located in Rajkot and Kurnool, ensuring high-quality output. A wide distribution network covers 16 states in India through over 750 dealers. Solutions are designed to optimize water usage by up to 60, aiding farmers in increasing agricultural yields. Additional offerings include solar products and water-soluble fertilizers for enhanced farming efficiency.

  • Headquarters Rajkot, India
  • Employees 493
  • Stage Public
  • Sectors
    Chemicals & Materials
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website captainpolyplast.com
  • Social LinkedIn
  • Legal Name Captain Polyplast Ltd.
Key Metrics
  • Market Cap
    ₹350 Cr

    CPL · NSE

  • Share Price
    ₹57.59

    -1.07% today

  • Revenue
    ₹428 Cr

    FY 2025-26 · +46.4% YoY

  • EBITDA
    ₹45.85 Cr

    Margin 10.7%

  • Net Profit
    ₹27.79 Cr

    FY 2025-26 · +120.9% YoY

  • P/E (TTM)
    12.8x

    P/B 1.9x

  • ROE
    16.3%

    ROCE 18.6%

  • Debt / Equity
    0.46

    Interest cover 21.3x

  • Employee Count
    493

Products & Services of Captain

Captain offers a comprehensive portfolio of products and services, including Drip Irrigation System, Sprinkler Irrigation System, Solar Water Pumps, and Water Soluble Fertilizer.

Drip Irrigation System
Irrigation

Advanced drip irrigation systems are provided for agriculture.

Sprinkler Irrigation System
Irrigation

Efficient sprinkler systems are offered for farming needs.

Solar Water Pumps
Solar Products

Solar-powered water pumps are supplied for sustainable irrigation.

Water Soluble Fertilizer
Agricultural Inputs

Water-soluble fertilizers are provided for enhanced crop growth.

Board of directors of Captain Polyplast Limited (Captain)

Captain Polyplast Limited is the primary company behind Captain. The board of Captain Polyplast Limited currently have 6 directors; the longest-serving is Gopal Khichadia, appointed in 1997. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Gopal Khichadia
DIN 00127947
Director27 Mar 199729 yrs 6 moCaptain Polyplast Limited
Rameshbhai Devrajbhai Khichadia
DIN 00087859
Managing Director27 Mar 199729 yrs 6 moCaptain Polyplast Limited
Prabhulal Nathabhai Rabadia
DIN 08651064
Director26 Dec 20196 yrs 9 moCaptain Polyplast Limited
Ritesh Rameshbhai Khichadia
DIN 07617630
Whole-time director13 Jul 20206 yrs 3 moCaptain Polyplast Limited
Lalji Gordhanbhai Vekariya
DIN 00109410
Director04 Sep 20233 yrs 1 moCaptain Polyplast Limited
Mita Jayeshkumar Mardiya
DIN 11175540
Director24 Jun 20251 yr 4 moCaptain Polyplast Limited

IPO & Listings of Captain

Captain is a publicly listed company on the BSE with ticker symbol CPL in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date26 Nov 2013
  • Listed onHKG: CPL
  • Listed entityCaptain Polyplast Ltd.
  • Exchange sectorProducer manufacturing
  • ISININE536P01021
  • Share price₹79.81 (-0.81% on the day) · 2026-05-11
  • Market capitalisation₹484 Cr
  • Price to earnings20.4
  • EPS (diluted, trailing year)₹3.92
  • Volume (last session)98,263
  • Analyst consensusNo rating

Financials of Captain

Exchange-reported figures of Captain Polyplast Limited, the listed company behind Captain (NSE: CPL).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹428 Cr
+46.4% YoY
EBITDA
₹45.85 Cr
+40.9% YoY
Profit After Tax
₹27.79 Cr
+120.9% YoY
Net Worth
₹191 Cr
+28.2% YoY
Total Assets
₹281 Cr
+29.8% YoY
Total Debt
₹89.15 Cr
+33.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue428292301229185180192
Revenue growth+46.4%-2.8%+31.3%+23.6%+3.2%-6.5%-
EBITDA45.8532.5531.7816.8715.4525.6128.24
EBITDA margin+10.7%+11.1%+10.6%+7.4%+8.3%+14.3%+14.7%
Profit before tax37.0139.2622.978.193.8112.4517.23
Net profit27.7912.5817.776.032.769.0612.60
Net profit margin+6.5%+4.3%+5.9%+2.6%+1.5%+5.1%+6.6%
EPS (β‚Ή)4.625.443.361.200.551.802.50
Balance sheet
Total assets281217198154151151129
Net worth19114995.4672.3766.2362.0653.01
Total debt89.1566.7510381.5484.9286.1374.27
Cash & bank0.941.214.874.584.612.483.25
Net working capital242185171130127122101
Cash flow
Cash from operations(22.39)7.83(13.03)12.3311.580.13(0.06)
Cash from investing(7.23)14.05(2.52)(0.57)4.37(1.01)1.20
Cash from financing29.36(20.80)15.85(11.79)(13.81)0.110.39
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue81.1614112679.7369.7478.4590.2553.26
Revenue growth (YoY)+16.4%+80.3%+40.0%+49.7%+7.5%---
Other income0.510.900.980.480.630.800.8216.61
EBITDA9.3513.4215.247.897.307.9111.305.85
EBITDA margin+11.5%+9.5%+12.1%+9.9%+10.5%+10.1%+12.5%+11.0%
Depreciation0.760.670.680.660.590.650.650.62
Interest2.180.722.871.821.831.262.422.59
Profit before tax6.9212.9312.675.895.516.809.0519.25
Tax2.273.173.191.651.211.692.322.97
Net profit4.659.769.484.244.305.116.7316.28
EPS (β‚Ή)0.781.641.590.710.730.901.212.94
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue428292294229185180192
Revenue growth+46.4%-0.8%+28.6%+23.6%+3.2%-6.5%-
EBITDA45.8532.5531.7816.8715.4625.6128.24
EBITDA margin+10.7%+11.1%+10.8%+7.4%+8.4%+14.3%+14.7%
Profit before tax36.4938.3121.797.663.8212.4517.23
Net profit27.2711.5516.595.502.779.0612.60
Net profit margin+6.4%+4.0%+5.6%+2.4%+1.5%+5.1%+6.6%
EPS (β‚Ή)4.535.283.141.090.551.802.50
Balance sheet
Total assets278214195152150151130
Net worth18814792.4370.2564.9062.3253.38
Total debt89.1566.7510381.5484.9286.1374.27
Cash & bank0.941.214.874.584.612.483.25
Net working capital242185171130127122101
Cash flow
Cash from operations(22.39)7.83(14.21)11.8011.580.01(0.18)
Cash from investing(7.23)14.05(1.60)1.554.37(0.89)1.32
Cash from financing29.36(20.80)16.11(13.38)(13.81)0.110.39
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue81.1614112679.7369.7478.4590.2553.26
Revenue growth (YoY)+16.4%+80.3%+40.0%+49.7%+7.5%---
Other income0.500.740.890.360.480.650.6516.46
Total expenses71.8112811171.8462.4470.5478.9547.41
EBITDA9.3513.4215.247.897.307.9111.305.85
EBITDA margin+11.5%+9.5%+12.1%+9.9%+10.5%+10.1%+12.5%+11.0%
Depreciation0.760.670.680.660.590.650.650.62
Interest2.180.722.871.821.831.262.422.59
Profit before tax6.9112.7712.585.775.366.658.8819.10
Tax2.273.173.191.651.211.692.322.97

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue81.1614112679.7369.7478.4590.2553.26
Revenue growth (YoY)+16.4%+80.3%+40.0%+49.7%+7.5%---
Other income0.510.900.980.480.630.800.8216.61
EBITDA9.3513.4215.247.897.307.9111.305.85
EBITDA margin+11.5%+9.5%+12.1%+9.9%+10.5%+10.1%+12.5%+11.0%
Depreciation0.760.670.680.660.590.650.650.62
Interest2.180.722.871.821.831.262.422.59
Profit before tax6.9212.9312.675.895.516.809.0519.25
Tax2.273.173.191.651.211.692.322.97
Net profit4.659.769.484.244.305.116.7316.28
EPS (β‚Ή)0.781.641.590.710.730.901.212.94
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue428292301229185180192
Revenue growth+46.4%-2.8%+31.3%+23.6%+3.2%-6.5%-
Other income2.9919.484.563.421.991.083.31
Total expenses382260269212170154164
Employee cost16.8114.7412.6210.439.309.9110.90
EBITDA45.8532.5531.7816.8715.4525.6128.24
EBITDA margin+10.7%+11.1%+10.6%+7.4%+8.3%+14.3%+14.7%
Depreciation2.602.502.412.723.664.164.22
Interest9.2310.2710.969.389.9710.0810.10
Profit before tax37.0139.2622.978.193.8112.4517.23
Tax9.227.925.202.161.053.394.63
Net profit27.7912.5817.776.032.769.0612.60
Net profit margin+6.5%+4.3%+5.9%+2.6%+1.5%+5.1%+6.6%
EPS (β‚Ή)4.625.443.361.200.551.802.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.0411.5110.5810.0810.0810.0810.08
Reserves & surplus17913383.6962.2956.1551.9842.93
Shareholders' funds (net worth)19114995.4672.3766.2362.0653.01
Minority interest0.000.000.000.000.000.000.00
Secured loans81.6955.8194.1575.3071.9979.0166.64
Unsecured loans7.4610.948.516.2412.937.127.63
Total debt89.1566.7510381.5484.9286.1374.27
Total liabilities281217198154151151129
Assets
Gross block55.8548.0946.4042.5041.0739.1938.45
Net block19.5614.4015.2113.7015.0617.6618.60
Capital work in progress3.873.110.030.000.300.330.00
Investments3.593.075.024.103.335.204.84
Inventories40.9739.2034.6044.1037.5333.3632.62
Sundry debtors24118617711710811294.76
Cash & bank balances0.941.214.874.584.612.483.25
Loans & advances25.1819.9123.7438.8336.6334.1751.87
Total current assets308246240204187182182
Total current liabilities66.6061.6168.9174.1460.2360.0781.85
Net working capital242185171130127122101
Total assets281217198154151151129
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.210.134.584.612.483.251.71
Net cash from operating activities(22.39)7.83(13.03)12.3311.580.13(0.06)
Net cash from investing activities(7.23)14.05(2.52)(0.57)4.37(1.01)1.20
Net cash from financing activities29.36(20.80)15.85(11.79)(13.81)0.110.39
Net change in cash(0.27)1.070.29(0.03)2.14(0.77)1.53
Closing cash0.941.214.874.584.612.483.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+46.4%-2.8%+31.3%+23.6%+3.2%-6.5%-
EBITDA growth+40.9%+2.4%+88.4%+9.2%-39.7%-9.3%-
PBT growth-5.7%+70.9%+180.5%+115.0%-69.4%-27.7%+74.6%
Net income growth+120.9%-29.2%+194.7%+118.5%-69.5%-28.1%-
Revenue CAGR (3Y)+23.2%+16.4%+18.7%+6.0%+7.4%+12.3%+18.0%
EBITDA CAGR (3Y)+39.6%+28.2%+7.5%-15.8%-4.8%+20.3%+21.7%
Profitability & leverage
Net income margin+6.5%+10.7%+5.9%+2.6%+1.5%+5.1%+6.6%
Return on capital employed+18.6%+16.4%+19.3%+11.5%+9.1%+16.1%+23.5%
Return on net worth+16.3%+10.3%+21.2%+8.7%+4.3%+15.7%+26.9%
Debt / equity0.460.691.101.201.331.391.46
Long-term debt / equity0.070.130.260.360.360.240.17
Interest cover21.3434.1837.3266.2984.5646.9942.05
Efficiency & per share
Fixed asset turnover8.236.186.765.484.614.625.92
Inventory turnover10.677.927.645.615.225.446.23
Debtors turnover2.001.612.052.031.681.732.08
EPS (β‚Ή)4.625.443.361.200.551.802.50
Dividend per share (β‚Ή)0.000.000.000.000.040.040.04
Book value per share (β‚Ή)31.8125.1317.8314.3613.1512.3210.52
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue81.1614112679.7369.7478.4590.2553.26
Revenue growth (YoY)+16.4%+80.3%+40.0%+49.7%+7.5%---
Other income0.500.740.890.360.480.650.6516.46
Total expenses71.8112811171.8462.4470.5478.9547.41
EBITDA9.3513.4215.247.897.307.9111.305.85
EBITDA margin+11.5%+9.5%+12.1%+9.9%+10.5%+10.1%+12.5%+11.0%
Depreciation0.760.670.680.660.590.650.650.62
Interest2.180.722.871.821.831.262.422.59
Profit before tax6.9112.7712.585.775.366.658.8819.10
Tax2.273.173.191.651.211.692.322.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue428292294229185180192
Revenue growth+46.4%-0.8%+28.6%+23.6%+3.2%-6.5%-
Other income2.4718.533.382.891.991.083.31
Total expenses382260263212170154164
Employee cost16.8114.7412.6210.449.309.9110.90
EBITDA45.8532.5531.7816.8715.4625.6128.24
EBITDA margin+10.7%+11.1%+10.8%+7.4%+8.4%+14.3%+14.7%
Depreciation2.602.502.412.723.664.164.22
Interest9.2310.2710.969.389.9710.0810.10
Profit before tax36.4938.3121.797.663.8212.4517.23
Tax9.227.925.202.161.053.394.63
Net profit27.2711.5516.595.502.779.0612.60
Net profit margin+6.4%+4.0%+5.6%+2.4%+1.5%+5.1%+6.6%
EPS (β‚Ή)4.535.283.141.090.551.802.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.0411.5110.5810.0810.0810.0810.08
Reserves & surplus17613080.6660.1754.8252.2443.30
Shareholders' funds (net worth)18814792.4370.2564.9062.3253.38
Secured loans81.6955.8186.2875.3071.9979.0166.64
Unsecured loans7.4610.9416.386.2412.937.127.63
Total debt89.1566.7510381.5484.9286.1374.27
Total liabilities278214195152150151130
Assets
Gross block55.8548.0946.4042.5041.0739.1938.45
Net block19.5614.4015.2113.7015.0617.6618.60
Capital work in progress3.873.110.030.000.300.330.00
Investments0.450.461.981.982.005.455.22
Inventories40.9739.2034.6044.1037.5333.3632.62
Sundry debtors24118617711710811294.76
Cash & bank balances0.941.214.874.584.612.483.25
Loans & advances25.1819.9123.7438.8336.6334.1751.87
Total current assets308246240204187182182
Total current liabilities66.6061.6168.9174.1460.2360.0781.86
Net working capital242185171130127122101
Total assets278214195152150151130
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.210.134.584.612.483.251.71
Net cash from operating activities(22.39)7.83(14.21)11.8011.580.01(0.18)
Net cash from investing activities(7.23)14.05(1.60)1.554.37(0.89)1.32
Net cash from financing activities29.36(20.80)16.11(13.38)(13.81)0.110.39
Net change in cash(0.27)1.070.29(0.03)2.14(0.77)1.53
Closing cash0.941.214.874.584.612.483.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+46.4%-0.8%+28.6%+23.6%+3.2%-6.5%-
EBITDA growth+40.9%+2.4%+88.4%+9.1%-39.6%-9.3%-
PBT growth-4.8%+75.8%+184.5%+100.5%-69.3%-27.7%+74.6%
Net income growth+136.1%-30.4%+201.6%+98.6%-69.4%-28.1%-
Revenue CAGR (3Y)+23.2%+16.4%+17.9%+6.0%+7.4%+12.3%+18.0%
EBITDA CAGR (3Y)+39.6%+28.2%+7.5%-15.8%-4.7%+20.3%+21.7%
Profitability & leverage
Net income margin+6.4%+10.4%+5.6%+2.4%+1.5%+5.1%+6.6%
Return on capital employed+18.6%+16.1%+18.9%+11.3%+9.2%+16.1%+23.4%
Return on net worth+16.3%+9.7%+20.4%+8.1%+4.3%+15.6%+26.7%
Debt / equity0.470.711.131.231.341.391.45
Long-term debt / equity0.070.130.270.360.360.240.17
Interest cover21.3434.1837.3266.2984.4946.9942.05
Efficiency & per share
Fixed asset turnover8.236.186.625.484.614.625.92
Inventory turnover10.677.927.485.615.225.446.23
Debtors turnover2.001.612.012.031.681.732.08
EPS (β‚Ή)4.535.283.141.090.551.802.50
Dividend per share (β‚Ή)0.000.000.000.000.000.040.04
Book value per share (β‚Ή)31.2924.6817.2513.9412.8812.3710.60

Web traffic of Captain

The website of Captain (captainpolyplast.com) receives about 2.9K visits a month.

  • Monthly visits
    2.9K

    ▲ 42.1% vs previous month

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3 companies that operate in the same segment as Captain (Polymers & Plastics) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Thin PET films are manufactured for industrial applications worldwide.
1984Noida, Uttar Pradesh, IndiaUSD 754.18 M1,320
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Manufacturing of automotive components and white goods in India.
1989Pune, Maharashtra, India
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Frequently Asked Questions about Captain

Captain was founded in 2007.

Captain is headquartered in Rajkot, India. It is registered at Rajkot, Gujarat, India.

Captain has 493 employees.

The primary company behind Captain, Captain Polyplast Limited, reported revenue of β‚Ή431 Cr for FY 2026, up 46% year on year.

Captain, operated by Captain Polyplast Ltd., is engaged in the production of advanced micro irrigation systems in India. Drip and sprinkler irrigation technologies are manufactured using German and Israeli innovations. Operations span across agriculture with a focus on sustainable farming solutions. Manufacturing facilities are located in Rajkot and Kurnool, ensuring high-quality output. A wide distribution network covers 16 states in India through over 750 dealers. Solutions are designed to optimize water usage by up to 60, aiding farmers in increasing agricultural yields. Additional offerings include solar products and water-soluble fertilizers for enhanced farming efficiency.

Captain offers Drip Irrigation System, Sprinkler Irrigation System, Solar Water Pumps, and Water Soluble Fertilizer.

Yes, Captain is publicly traded on BSE under the ticker symbol CPL.

Captain operates through Captain Polyplast Limited.

The legal entities of Captain currently have 8 directors, including Gopal Khichadia, Khyati Sunil Mehta, Kaushikbhai Vashrambhai Mori and others.

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