NSEPress Release5d ago · 8 Aug 2026, 05:24 pm
Press Release
Captain Polyplast Limited · CPL
✦ AI Summary▲ PositiveResults
Captain Polyplast Limited has reported its unaudited financials for Q1 FY27, with a 16.3% YoY growth in total income and a 26.7% YoY surge in EBITDA. The company has also secured an order worth ₹11.8 crore from MSEDCL for 500 solar pumps under the PM-KUSUM Scheme and commenced production at its new 70,000 sq. ft. manufacturing facility near Ahmedabad, Gujarat.
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Full Announcement
Captain Polyplast Limited has informed the Exchange regarding a press release dated August 08, 2026, titled "PRESS RELESE FOR Q-1 F.Y. 2026-27".
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Date: 08.08.2026
To, To,
Department of Corporate Services The Manager
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers Dalal Street ‘Exchange plaza’, C – Block – G
Mumbai—400001 Bandrakurla Complex, Bandra (East)
Mumbai – 400051
BSE Script Code: - 536974 NSE Symbol: CPL
SUB: PRESS RELEASE FOR EARNING OF Q1 FY26-27.
Dear Sir/Madam,
Pursuant to regulation 30 of the Security and Exchange Board of India (LODR) Regulations 2015,
attached herewith Press Release for earning of Q1 FY26-27.
This is for your information and record.
FOR CAPTAIN POLYPLAST LIMITED,
Ritesh Rameshbhai Khichadia
Whole-time director
(DIN: 07617630)
Captain Polyplast Reports Strong Q1 FY27 Performance with 16% Growth
in Total Income & 26% Surge in EBITDA
Rajkot – 8th August, 2026: Captain Polyplast Limited (CPL, BSE: 536974), one of the leading manufacturer of micro
irrigation solutions, with diversified presence in the fast-paced solar EPC market, has reported its unaudited financials
for Q1 FY27.
Key Consolidated Financial Highlights
Particulars (₹ Cr) Q1 FY27 Q1 FY26 YoY
Total Income 81.66 70.22 16.3%
EBITDA 9.86 7.78 26.7%
EBITDA Margin (%) 12.07% 11.08% 99 Bps
Net Profit 4.66 4.30 8.5%
Net Profit Margin (%) 5.71% 6.12% (41) Bps
Diluted EPS (₹) 0.78 0.73 6.9%
Commenting on the performance Mr. Ritesh Khichadia, the Whole Time Director of Captain Polyplast Limited said,
“I am pleased to report healthy financial performance by the company during Q1 FY27. The topline increased by
16.3% YoY driven by disciplined execution in both Micro Irrigation and solar EPC business. The EBITDA margin
expanded by 99 BPS while the EBITDA grew by 26.7% YoY reflecting operating efficiencies and cost optimisation.
The quarter was marked by several important operational milestones. 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 enhances our market visibility, investor accessibility and liquidity.
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
Secured an order worth ₹11.8 Cr from MSEDCL for 500 solar pumps under the PM-
KUSUM Scheme, reinforcing its Solar EPC business
MSEDCL Solar Pump
Strengthens the Company's execution track record in large-scale solar pumping
Order
projects while supporting growth in the renewable energy segment
Commenced production at the new 70,000 sq. ft. manufacturing facility near
New Manufacturing Ahmedabad, Gujarat
Facility Enhances backward integration, improves cost efficiencies and strengthens
manufacturing capacity
Listed on the National Stock Exchange (NSE) effective 23 July, 2026, enhancing the
Company's market presence and investor accessibility
NSE Listing
Dual 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.
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking
statements are subject to certain risks and uncertainties like government actions, local, political or economic
developments, technological risks, and many other factors that could cause actual results to differ materially from those
contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any
action taken based on such statements and undertakes no obligation to publicly update these forward-looking
statements to reflect subsequent events or circumstances.
For Further Information Please Contact
Kirin Advisors Private Limited
Sunil Mudgal – Director
sunil@kirinadvisors.com
+91 98692 75849
www.kirinadvisors.com