MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-20-0018022
Market Cap
₹114 Cr
CAPPIPES · BSE
Share Price
₹7.21
-2.96% today
Revenue
₹77.73 Cr
FY 2025-26 · +1.3% YoY
EBITDA
₹8.39 Cr
Margin 10.8%
Net Profit
₹6.98 Cr
FY 2025-26 · -20.3% YoY
P/E (TTM)
18.7x
P/B 2.3x
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹15.36 Cr
Issued & subscribed
About Captain Pipes Limited
Data last updated:
Captain Pipes Limited is a public limited company based in Rajkot, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 05 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25191GJ2010PLC059094. Its GSTIN is 24AADCC8337J1ZK (Gujarat). The company holds 6 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 538817.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.36 Cr. It was formerly known as Captain Pipes Private Limited. It is led by directors including Gopal Khichadia (Managing Director) and Kantilal Manilal Gedia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No – 257 Plot No. 23 To 28 N.H. No. 8 – B Shapar (Veraval) Rajkot, Gujarat, India – 360002.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹77.73 Cr, a growth of 1.3% compared to the previous year. For the same year it recorded a net profit of ₹6.98 Cr (net margin 9%) and EBITDA of ₹8.39 Cr (EBITDA margin 10.8%). The net worth stands at ₹51.06 Cr (up 15.9% YoY). Total assets are valued at ₹82.32 Cr (up 37.4% YoY).
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Captain Pipes. As per MCA filings, the company has open charges of ₹39.75 Cr and satisfied charges of ₹15.67 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 25 deals on record (23 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹6.7 Cr; the latest was in August 2024. Its 5 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 4 smaller; the largest is Konark Polytubes Private Limited with revenue of ₹79.14 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 753 overdue payments to 29 micro and small suppliers.
Captain Pipes Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0018022). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website captainpipes.com.
Company details
CIN L25191GJ2010PLC059094
Registration Number 059094
Incorporation Date 05 January 2010
ROC Ahmedabad
Listing Status Listed - Listed on BSE (538817)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-20-0018022
CIN history
Captain Pipes has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L25191GJ2010PLC059094, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25191GJ2010PLC059094 | Current |
| U25191GJ2010PLC059094 | Previous |
| U25191GJ2010PTC059094 | Previous |
Key People
Gopal Khichadia Managing Director Kantilal Manilal Gedia Whole-Time Director Rameshbhai Devrajbhai Khichadia Director Recognitions & Rankings of Captain Pipes
Contact details
Captain Pipes Limited's registered office is in Rajkot, Gujarat. Its website is captainpipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No – 257 Plot No. 23 To 28 N.H. No. 8 – B Shapar (Veraval) Rajkot, Gujarat, India – 360002
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Captain Pipes Limited, buy the company report.
Comprehensive company report
Captain Pipes Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Captain Pipes operates one associated brand: Captain Pipes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of uPVC and CPVC pipes and fittings for plumbing and irrigation | captainpipes.com |
Business activity
The main business activity of Captain Pipes is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Captain Pipes Limited, buy the company report.
Financials of Captain Pipes Limited
FY 2025-26 filings availableCaptain Pipes Limited reported revenue of ₹77.73 Cr (up 1.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹77.73 Cr
+1.3% YoY
EBITDA
₹8.39 Cr
+4.2% YoY
Profit After Tax
₹6.98 Cr
-20.3% YoY
Net Worth
₹51.06 Cr
+15.9% YoY
Total Assets
₹82.32 Cr
+37.4% YoY
Total Debt
₹31.22 Cr
+98.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 77.73 | 76.76 |
| Revenue growth | +1.3% | - |
| EBITDA | 8.39 | 8.05 |
| EBITDA margin | +10.8% | +10.5% |
| Profit before tax | 8.01 | 10.29 |
| Net profit | 6.98 | 8.76 |
| Net profit margin | +9.0% | +11.4% |
| EPS (₹) | 0.45 | 0.57 |
| Balance sheet | ||
| Total assets | 82.32 | 59.90 |
| Net worth | 51.06 | 44.05 |
| Total debt | 31.22 | 15.76 |
| Cash & bank | 0.14 | 0.01 |
| Net working capital | 20.28 | 22.22 |
| Cash flow | ||
| Cash from operations | 10.16 | (2.38) |
| Cash from investing | (22.95) | (15.92) |
| Cash from financing | 12.91 | 18.30 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.68 | 19.39 | 20.12 | 17.28 | 20.94 | 22.71 | 20.66 | 12.61 |
| Revenue growth (YoY) | +13.1% | -14.6% | -2.6% | +37.0% | +0.8% | - | - | - |
| Other income | 0.83 | 1.50 | 1.48 | 0.65 | 0.65 | 4.42 | 0.06 | 0.06 |
| EBITDA | 1.34 | 2.45 | 1.89 | 2.12 | 1.92 | 1.67 | 2.00 | 1.76 |
| EBITDA margin | +5.7% | +12.6% | +9.4% | +12.3% | +9.2% | +7.4% | +9.7% | +14.0% |
| Depreciation | 0.60 | 0.62 | 0.58 | 0.53 | 0.38 | 0.23 | 0.23 | 0.23 |
| Interest | 0.69 | 0.68 | 0.77 | 0.67 | 0.42 | 0.31 | 0.37 | 0.44 |
| Profit before tax | 0.88 | 2.65 | 2.02 | 1.57 | 1.77 | 5.55 | 1.46 | 1.15 |
| Tax | 0.13 | 0.36 | 0.14 | 0.24 | 0.29 | 0.32 | 0.37 | 0.31 |
| Net profit | 0.75 | 2.29 | 1.88 | 1.33 | 1.48 | 5.23 | 1.09 | 0.84 |
| EPS (₹) | 0.05 | 0.15 | 0.12 | 0.09 | 0.10 | 0.35 | 0.07 | 0.06 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 77.73 | 76.76 | 76.36 | 85.50 | 82.72 | 40.46 | 45.48 |
| Revenue growth | +1.3% | +0.5% | -10.7% | +3.4% | +104.5% | -11.0% | - |
| EBITDA | 8.39 | 8.05 | 7.68 | 3.98 | 2.75 | 2.42 | 2.55 |
| EBITDA margin | +10.8% | +10.5% | +10.1% | +4.7% | +3.3% | +6.0% | +5.6% |
| Profit before tax | 3.97 | 5.94 | 5.50 | 2.47 | 6.01 | 0.44 | 0.45 |
| Net profit | 2.94 | 4.41 | 3.98 | 1.79 | 0.34 | 0.27 | 0.38 |
| Net profit margin | +3.8% | +5.8% | +5.2% | +2.1% | +0.4% | +0.7% | +0.8% |
| EPS (₹) | 0.19 | 0.29 | 0.27 | 0.13 | 12.34 | 0.67 | 0.92 |
| Balance sheet | |||||||
| Total assets | 73.91 | 55.55 | 31.47 | 22.88 | 19.82 | 13.36 | 12.05 |
| Net worth | 42.66 | 39.70 | 25.51 | 20.18 | 15.90 | 9.09 | 8.82 |
| Total debt | 31.22 | 15.76 | 5.82 | 2.56 | 3.75 | 4.11 | 3.06 |
| Cash & bank | 0.14 | 0.01 | 0.01 | 2.61 | 0.02 | 0.03 | 0.09 |
| Net working capital | 20.28 | 22.22 | 13.26 | 13.26 | 9.89 | 3.33 | 2.19 |
| Cash flow | |||||||
| Cash from operations | 10.16 | (2.38) | 4.07 | 2.79 | (4.66) | 1.43 | 3.59 |
| Cash from investing | (22.95) | (15.92) | (10.06) | (0.60) | 4.02 | (1.15) | (0.26) |
| Cash from financing | 12.91 | 18.30 | 3.40 | 0.40 | 0.63 | (0.35) | (3.44) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.68 | 19.39 | 20.12 | 17.28 | 20.94 | 22.71 | 20.66 | 12.61 |
| Revenue growth (YoY) | +13.1% | -14.6% | -2.6% | +37.0% | +0.8% | - | - | - |
| Other income | 0.14 | 0.09 | 0.08 | 0.03 | 0.03 | 0.07 | 0.06 | 0.06 |
| Total expenses | 22.34 | 16.94 | 18.23 | 15.16 | 19.02 | 21.04 | 18.66 | 10.85 |
| EBITDA | 1.34 | 2.45 | 1.89 | 2.12 | 1.92 | 1.67 | 2.00 | 1.76 |
| EBITDA margin | +5.7% | +12.6% | +9.4% | +12.3% | +9.2% | +7.4% | +9.7% | +14.0% |
| Depreciation | 0.60 | 0.62 | 0.58 | 0.53 | 0.38 | 0.23 | 0.23 | 0.23 |
| Interest | 0.69 | 0.68 | 0.77 | 0.67 | 0.42 | 0.31 | 0.37 | 0.44 |
| Profit before tax | 0.19 | 1.24 | 0.62 | 0.95 | 1.15 | 1.20 | 1.46 | 1.15 |
| Tax | 0.13 | 0.36 | 0.14 | 0.24 | 0.29 | 0.32 | 0.37 | 0.31 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.68 | 19.39 | 20.12 | 17.28 | 20.94 | 22.71 | 20.66 | 12.61 |
| Revenue growth (YoY) | +13.1% | -14.6% | -2.6% | +37.0% | +0.8% | - | - | - |
| Other income | 0.83 | 1.50 | 1.48 | 0.65 | 0.65 | 4.42 | 0.06 | 0.06 |
| EBITDA | 1.34 | 2.45 | 1.89 | 2.12 | 1.92 | 1.67 | 2.00 | 1.76 |
| EBITDA margin | +5.7% | +12.6% | +9.4% | +12.3% | +9.2% | +7.4% | +9.7% | +14.0% |
| Depreciation | 0.60 | 0.62 | 0.58 | 0.53 | 0.38 | 0.23 | 0.23 | 0.23 |
| Interest | 0.69 | 0.68 | 0.77 | 0.67 | 0.42 | 0.31 | 0.37 | 0.44 |
| Profit before tax | 0.88 | 2.65 | 2.02 | 1.57 | 1.77 | 5.55 | 1.46 | 1.15 |
| Tax | 0.13 | 0.36 | 0.14 | 0.24 | 0.29 | 0.32 | 0.37 | 0.31 |
| Net profit | 0.75 | 2.29 | 1.88 | 1.33 | 1.48 | 5.23 | 1.09 | 0.84 |
| EPS (₹) | 0.05 | 0.15 | 0.12 | 0.09 | 0.10 | 0.35 | 0.07 | 0.06 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 77.73 | 76.76 |
| Revenue growth | +1.3% | - |
| Other income | 4.27 | 4.61 |
| Total expenses | 69.34 | 68.71 |
| Employee cost | 0.00 | 1.70 |
| EBITDA | 8.39 | 8.05 |
| EBITDA margin | +10.8% | +10.5% |
| Depreciation | 2.11 | 0.91 |
| Interest | 2.54 | 1.46 |
| Profit before tax | 8.01 | 10.29 |
| Tax | 1.03 | 1.53 |
| Net profit | 6.98 | 8.76 |
| Net profit margin | +9.0% | +11.4% |
| EPS (₹) | 0.45 | 0.57 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 15.36 | 15.36 |
| Reserves & surplus | 35.70 | 28.69 |
| Shareholders' funds (net worth) | 51.06 | 44.05 |
| Minority interest | 0.00 | 0.00 |
| Secured loans | 30.41 | 15.02 |
| Unsecured loans | 0.81 | 0.74 |
| Total debt | 31.22 | 15.76 |
| Total liabilities | 82.32 | 59.90 |
| Assets | ||
| Gross block | 48.96 | 21.50 |
| Net block | 36.24 | 10.88 |
| Capital work in progress | 0.35 | 10.19 |
| Investments | 25.54 | 16.08 |
| Inventories | 18.37 | 12.90 |
| Sundry debtors | 9.04 | 11.14 |
| Cash & bank balances | 0.14 | 0.01 |
| Loans & advances | 2.63 | 5.47 |
| Total current assets | 30.18 | 29.52 |
| Total current liabilities | 9.90 | 7.30 |
| Net working capital | 20.28 | 22.22 |
| Total assets | 82.32 | 59.90 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 0.01 | 0.01 |
| Net cash from operating activities | 10.16 | (2.38) |
| Net cash from investing activities | (22.95) | (15.92) |
| Net cash from financing activities | 12.91 | 18.30 |
| Net change in cash | 0.12 | 0.00 |
| Closing cash | 0.14 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | +1.3% | - |
| EBITDA growth | +4.2% | - |
| PBT growth | -22.2% | +9997.0% |
| Net income growth | -20.3% | - |
| Profitability & leverage | ||
| Net income margin | +9.0% | +11.4% |
| Return on capital employed | - | +19.6% |
| Return on net worth | - | +19.9% |
| Debt / equity | - | 0.36 |
| Long-term debt / equity | - | 0.23 |
| Interest cover | 40.45 | 20.45 |
| Efficiency & per share | ||
| Fixed asset turnover | - | 3.57 |
| Inventory turnover | - | 5.95 |
| Debtors turnover | - | 6.89 |
| EPS (₹) | 0.45 | 0.57 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 2.87 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.68 | 19.39 | 20.12 | 17.28 | 20.94 | 22.71 | 20.66 | 12.61 |
| Revenue growth (YoY) | +13.1% | -14.6% | -2.6% | +37.0% | +0.8% | - | - | - |
| Other income | 0.14 | 0.09 | 0.08 | 0.03 | 0.03 | 0.07 | 0.06 | 0.06 |
| Total expenses | 22.34 | 16.94 | 18.23 | 15.16 | 19.02 | 21.04 | 18.66 | 10.85 |
| EBITDA | 1.34 | 2.45 | 1.89 | 2.12 | 1.92 | 1.67 | 2.00 | 1.76 |
| EBITDA margin | +5.7% | +12.6% | +9.4% | +12.3% | +9.2% | +7.4% | +9.7% | +14.0% |
| Depreciation | 0.60 | 0.62 | 0.58 | 0.53 | 0.38 | 0.23 | 0.23 | 0.23 |
| Interest | 0.69 | 0.68 | 0.77 | 0.67 | 0.42 | 0.31 | 0.37 | 0.44 |
| Profit before tax | 0.19 | 1.24 | 0.62 | 0.95 | 1.15 | 1.20 | 1.46 | 1.15 |
| Tax | 0.13 | 0.36 | 0.14 | 0.24 | 0.29 | 0.32 | 0.37 | 0.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 77.73 | 76.76 | 76.36 | 85.50 | 82.72 | 40.46 | 45.48 |
| Revenue growth | +1.3% | +0.5% | -10.7% | +3.4% | +104.5% | -11.0% | - |
| Other income | 0.23 | 0.26 | 0.12 | 0.34 | 5.31 | 0.29 | 0.26 |
| Total expenses | 69.34 | 68.71 | 68.68 | 81.52 | 79.97 | 38.04 | 42.93 |
| Employee cost | 0.00 | 1.70 | 1.40 | 1.12 | 0.86 | 1.20 | 1.29 |
| EBITDA | 8.39 | 8.05 | 7.68 | 3.98 | 2.75 | 2.42 | 2.55 |
| EBITDA margin | +10.8% | +10.5% | +10.1% | +4.7% | +3.3% | +6.0% | +5.6% |
| Depreciation | 2.11 | 0.91 | 1.05 | 0.98 | 0.91 | 0.88 | 0.89 |
| Interest | 2.54 | 1.46 | 1.25 | 0.87 | 1.14 | 1.39 | 1.47 |
| Profit before tax | 3.97 | 5.94 | 5.50 | 2.47 | 6.01 | 0.44 | 0.45 |
| Tax | 1.03 | 1.53 | 1.52 | 0.68 | 0.88 | 0.17 | 0.07 |
| Net profit | 2.94 | 4.41 | 3.98 | 1.79 | 0.34 | 0.27 | 0.38 |
| Net profit margin | +3.8% | +5.8% | +5.2% | +2.1% | +0.4% | +0.7% | +0.8% |
| EPS (₹) | 0.19 | 0.29 | 0.27 | 0.13 | 12.34 | 0.67 | 0.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.36 | 15.36 | 14.77 | 13.95 | 4.16 | 4.16 | 4.16 |
| Reserves & surplus | 27.30 | 24.34 | 10.74 | 6.10 | 10.07 | 4.93 | 4.66 |
| Shareholders' funds (net worth) | 42.66 | 39.70 | 25.51 | 20.18 | 15.90 | 9.09 | 8.82 |
| Secured loans | 30.41 | 15.02 | 4.66 | 1.58 | 0.29 | 0.98 | 0.92 |
| Unsecured loans | 0.81 | 0.74 | 1.16 | 0.98 | 3.46 | 3.13 | 2.14 |
| Total debt | 31.22 | 15.76 | 5.82 | 2.56 | 3.75 | 4.11 | 3.06 |
| Total liabilities | 73.91 | 55.55 | 31.47 | 22.88 | 19.82 | 13.36 | 12.05 |
| Assets | |||||||
| Gross block | 48.96 | 21.50 | 20.85 | 16.91 | 16.18 | 14.74 | 14.51 |
| Net block | 36.24 | 10.88 | 11.15 | 8.25 | 8.50 | 7.97 | 8.62 |
| Capital work in progress | 0.35 | 10.19 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 17.13 | 11.73 | 6.37 | 0.43 | 0.43 | 0.81 | 0.81 |
| Inventories | 18.37 | 12.90 | 11.85 | 9.78 | 10.94 | 8.76 | 10.54 |
| Sundry debtors | 9.04 | 11.14 | 11.85 | 9.51 | 11.49 | 5.79 | 5.26 |
| Cash & bank balances | 0.14 | 0.01 | 0.01 | 2.61 | 0.02 | 0.03 | 0.09 |
| Loans & advances | 2.63 | 5.47 | 0.82 | 1.08 | 2.04 | 1.48 | 1.29 |
| Total current assets | 30.18 | 29.52 | 24.53 | 22.98 | 24.49 | 16.06 | 17.18 |
| Total current liabilities | 9.90 | 7.30 | 11.27 | 9.72 | 14.60 | 12.73 | 14.99 |
| Net working capital | 20.28 | 22.22 | 13.26 | 13.26 | 9.89 | 3.33 | 2.19 |
| Total assets | 73.91 | 55.55 | 31.47 | 22.88 | 19.82 | 13.36 | 12.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.01 | 0.01 | 2.61 | 0.02 | 0.03 | 0.09 | 0.21 |
| Net cash from operating activities | 10.16 | (2.38) | 4.07 | 2.79 | (4.66) | 1.43 | 3.59 |
| Net cash from investing activities | (22.95) | (15.92) | (10.06) | (0.60) | 4.02 | (1.15) | (0.26) |
| Net cash from financing activities | 12.91 | 18.30 | 3.40 | 0.40 | 0.63 | (0.35) | (3.44) |
| Net change in cash | 0.12 | 0.00 | (2.60) | 2.59 | (0.01) | (0.07) | (0.12) |
| Closing cash | 0.14 | 0.01 | 0.01 | 2.61 | 0.02 | 0.03 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.3% | +0.5% | -10.7% | +3.4% | +104.5% | -11.0% | - |
| EBITDA growth | +4.2% | +4.8% | +93.0% | +44.7% | +13.6% | -5.1% | - |
| PBT growth | -33.2% | +8.0% | +122.7% | -58.9% | +1265.9% | -2.2% | +15.4% |
| Net income growth | -33.3% | +10.8% | +122.4% | +426.5% | +25.9% | -29.0% | - |
| Revenue CAGR (3Y) | -3.1% | -2.5% | +23.6% | +23.4% | +14.9% | -2.5% | -5.3% |
| EBITDA CAGR (3Y) | +28.2% | +43.1% | +47.0% | +16.0% | +0.7% | +61.9% | -7.8% |
| Profitability & leverage | |||||||
| Net income margin | +3.8% | +5.8% | +5.2% | +2.1% | +6.2% | +0.7% | +0.8% |
| Return on capital employed | - | +17.0% | +24.8% | +15.6% | +12.6% | +14.2% | +14.3% |
| Return on net worth | - | +13.5% | +17.4% | +10.0% | +2.7% | +3.0% | +4.1% |
| Debt / equity | - | 0.33 | 0.18 | 0.18 | 0.31 | 0.40 | 0.47 |
| Long-term debt / equity | - | 0.20 | 0.10 | 0.13 | 0.23 | 0.27 | 0.22 |
| Interest cover | 40.45 | 20.45 | 18.85 | 29.00 | 61.96 | 90.26 | 88.55 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 3.63 | 4.04 | 5.17 | 5.35 | 2.77 | 3.15 |
| Inventory turnover | - | 6.20 | 7.06 | 8.25 | 8.40 | 4.19 | 4.09 |
| Debtors turnover | - | 6.68 | 7.15 | 8.14 | 9.57 | 7.32 | 7.85 |
| EPS (₹) | 0.19 | 0.29 | 0.27 | 0.13 | 12.34 | 0.67 | 0.92 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 2.58 | 1.73 | 1.44 | 34.20 | 21.86 | 21.20 |
To see the full year-wise statements and ratios of Captain Pipes Limited, buy the company report.
Board of directors of Captain Pipes Limited
Captain Pipes has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rameshbhai Devrajbhai Khichadia | Director | 05 Jan 2010 | 16 Years 9 Months | Current |
| Gopal Khichadia Also directs: Captain Polyplast Limited, Captain Technocast Limited, Captain Castech Limited and 1 more | Managing Director | 05 Jan 2010 | 16 Years 9 Months | Current |
| Kantilal Manilal Gedia | Whole-Time Director | 05 Jan 2010 | 16 Years 9 Months | Current |
| Darshana Harshadrai Patel Also directs: Hibisco Realty Private Limited | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
| Vinodbhai Narshibhai Hirpara | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
| Vijaybhai Pranlal Tank | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Captain Pipes Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Konark Polytubes Private Limited | ₹79.14 Cr (FY 2025) | -1.0% | Aligarh, Uttar Pradesh, India | |||
| Captain Pipes Limitedthis company | ₹77.73 Cr (FY 2026) | ₹6.98 Cr | 9% | 1.3% | 20 | Rajkot, Gujarat, India |
| Idol Plasto Private Limited | ₹76.72 Cr (FY 2025) | 8.0% | Rajkot, Gujarat, India | |||
| Euroaqua Plumtek Private Limited | ₹76.36 Cr (FY 2024) | 8.0% | Sankagiri, Tamil Nadu, India | |||
| Kataria Pipes Private Limited | ₹75.96 Cr (FY 2025) | 175.0% | Ratlam, Madhya Pradesh, India | |||
| Kitec Industries (India) Private Limited | ₹75.56 Cr (FY 2025) | 16.0% | Silvassa, Dadra and Nagar Haveli, India |
To see the full peer comparison of Captain Pipes Limited, buy the company report.
Auditor
Captain Pipes Limited is audited by J C Ranpura & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J C Ranpura & Co | FY 2025 | 108647W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 64.40%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 35.50%.
Mar 2026
QUARTER
64.40% Promoters
0.10% FII (Foreign Institutional)
35.50% Retail & Others
Promoter holding - history
Now 64.40% · Mar 2026High 64.40% · Jun 2025Low 64.40% · Jun 2025
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 64.40% | 64.40% | 64.40% | 64.40% |
| Public | 35.60% | 35.60% | 35.60% | 35.60% |
Charges & borrowings
Open charges
₹39.75 Cr
Satisfied charges
₹15.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2026 | 101334417 | Hdfc Bank Limited | ₹1.5 Cr | Open | |
| 25 Jun 2026 | 101346174 | Others | ₹92.2 Lakh | Open | |
| 18 Jun 2025 | 101112323 | Hdfc Bank Limited | ₹48 Lakh | Open | |
| 27 Jun 2024 | 100946809 | Others | ₹20 Cr | Open | |
| 27 Jun 2024 | 100946818 | Others | ₹5 Cr | Open |
To see the full charge records of Captain Pipes Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Captain Pipes Limited has 25 deals on record (23 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹6.7 Cr; the latest was in August 2024.
Total deals
25
Market trades
23
Funding round
1
IPO
1
Disclosed funding
₹6.7 Cr
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹2.01 Cr | Seller: Captain Polyplast Limited |
| Aug 2024 | Market trade | ₹1.66 Cr | Seller: Captain Polyplast Limited |
| Jul 2024 | Market trade | ₹2.42 Cr | Seller: Captain Polyplast Limited |
| Apr 2024 | Market trade | ₹4.84 Cr | Buyer: NK Securities Research Private Limited , Sahastraa Advisors Private Limited Seller: NK Securities Research Private Limited , Sahastraa Advisors Private Limited |
| Apr 2024 | Market trade | ₹3.79 Cr | Buyer: Sahastraa Advisors Private Limited , NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
To see the full deal history of Captain Pipes Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Captain Pipes Limited has 1 court case on record: 1 filed by Captain Pipes. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Captain Pipes Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Captain Pipes Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 753 overdue payments to 29 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Bharat Carbonates Private Limited | |||
| Mark Polypack | |||
| Altair Pharmaceuticals Private Limited | |||
| Meet Marketing (India) Private Limited |
To see the full MSME payment records of Captain Pipes Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Captain Pipes Limited has a workforce of 20 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
25%
GST
Captain Pipes has 6 GST registrations: 2 active and 4 cancelled or inactive.
Total GSTINs
6
Active
2
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCC8337J1ZK | Gujarat | Active | 01 Jul 2017 |
| 24AADCC8337J2ZJ | Gujarat | Active | 05 Mar 2024 |
To see the full GST registrations and return filing status of Captain Pipes Limited, buy the company report.
Recent activity
Captain Pipes Limited has 15 board changes on record since 2010: 11 appointments and 4 cessations. The latest: Arvindbhai Bavanjibhai Ranpariya ceased to be Director on 25 Sep 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 1.50 Cr registered on 07 Jul 2026 with Charge ID 101334417 was modified on 04 Aug 2026.
Charges
A charge with Others of Rs. 0.92 Cr registered on 25 Jun 2026 with Charge ID 101346174 was modified on 20 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.50 Cr with Charge ID 101334417 was registered on 07 Jul 2026.
Charges
A charge with Others amounted to Rs. 0.92 Cr with Charge ID 101346174 was registered on 25 Jun 2026.
Filing
Captain Pipes Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Captain Pipes Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.48 Cr with Charge ID 101112323 was registered on 18 Jun 2025.
Ceased
Arvindbhai Bavanjibhai Ranpariya ceased to be Director.
Ceased
Ratilal Veljibhai Baldha ceased to be Director.
Appointed
Darshana Harshadrai Patel was appointed as Director.
Appointed
Vijaybhai Pranlal Tank was appointed as Director.
Appointed
Vinodbhai Narshibhai Hirpara was appointed as Director.
27 earlier events are in the company report.
News
Frequently asked questions
Captain Pipes is an active public limited company based in Rajkot, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 05 January 2010 (16+ years old) and is registered under CIN L25191GJ2010PLC059094. Listed on BSE: 538817.
Captain Pipes reported revenue of ₹77.73 Cr for FY 2025-26 (up 1.3% YoY) based on consolidated financials.
Captain Pipes has 6 current directors:
- Gopal Khichadia - Managing Director
- Kantilal Manilal Gedia - Whole-Time Director
- Rameshbhai Devrajbhai Khichadia - Director
- Darshana Harshadrai Patel - Director
- Vinodbhai Narshibhai Hirpara - Director
- Vijaybhai Pranlal Tank - Director
The latest financial statements of Captain Pipes on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Captain Pipes is 24AADCC8337J1ZK, registered in Gujarat. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 24AADCC8337J2ZJ (Gujarat).
The CIN (Corporate Identification Number) of Captain Pipes is L25191GJ2010PLC059094. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Captain Pipes is a listed company as per MCA records. Its shares are listed on BSE (code: 538817).
Captain Pipes has 1 court case on record: 1 filed by the company.
Captain Pipes was incorporated on 05 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Captain Pipes has 25 deals on record (23 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹6.7 Cr; the latest was in August 2024.
The peers of Captain Pipes by revenue are Konark Polytubes Private Limited, Idol Plasto Private Limited, Euroaqua Plumtek Private Limited, Kataria Pipes Private Limited, Kitec Industries (India) Private Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Arvindbhai Bavanjibhai Ranpariya ceased to be Director on 25 Sep 2024. Ratilal Veljibhai Baldha ceased to be Director on 25 Sep 2024. Darshana Harshadrai Patel was appointed as Director on 04 Sep 2024. Captain Pipes has 15 board changes on record in total.