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Earnings Call Transcript

Captain Polyplast Earnings Call Transcript: Key Takeaways

Captain Polyplast reported strong Q1 FY27 results with 16.3% revenue growth and 12.07% EBITDA margins. Strategy focuses on diversifying into solar EPC and expanding non-subsidy micro-irrigation sales.

Highlights
Revenue growth16.3% YoY growth in Q1 FY27.
MarginsEBITDA margin improved by 99 bps YoY to 12.07%.
Order bookTotal order of 1500 solar pumps in first 4 months; 700 pending.
Demand visibilityStrong, specifically for solar pumps and replacement demand in micro-irrigation.
Management confidenceHigh, citing strong execution despite geopolitical headwinds.

Growth

Total income reached Rs. 81.66 crores (up 16.3% YoY). EBITDA rose 26.7% to Rs. 9.86 crores; PAT at Rs. 4.66 crores.

Outlook

Targets 50% revenue contribution from solar EPC within 3 years. Ahmedabad facility ramp-up expected to boost margins by 100-150 bps.

Risks

Geopolitical headwinds impacting raw material costs (LLDP/HDPE); high working capital intensity in micro-irrigation due to subsidy cycles.

Last quarter's promises, checked

Delivered

  • Ahmedabad plant operational → plant up and running (= BEAT)
  • Target 1,000 solar pumps execution → delivered 1,500 in 4 months (= BEAT)
  • Pass through raw material costs → margin improved to 12.07% (= BEAT)

Partly delivered

  • Improve margins by 100-150 bps via Ahmedabad → improved 99 bps YoY (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: CPL. Summary written with AI assistance from the document.

Read the document ↗

Captain Polyplast Ltd: key numbers

Share price
₹63.44
Market cap
₹380.2 Cr
Revenue (annual)
₹417.3 Cr
Net profit (annual)
₹27.78 Cr
P/E (TTM)
13.5×Sector 53.6×
Promoter holding
68.79%+0.00% QoQ
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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New Order Win

Captain Polyplast Bags ₹47 Cr Order from Maharashtra State Electricity Distribution Company Limited

Captain Polyplast received a ₹47 Crore MSEDCL order for 2,000 solar water pumps under PM KUSUM B. This is its largest solar EPC order to date.

Value
₹47.00 Cr
From
Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Execution
60 days from issuance of NTP/Work Order/JSR approval
solar water pumping systems
2000 SPWPS