StockWatch
·
Filing
Q4

Captain Polyplast Ltd

CPLFY2623 May 2026
Revenue+12.0%
Net Profit+3.0%
OPM9.49%

P&L

Quarterly Consolidated

Revenue
+12.0%141.47
Expenditure
+12.9%129.44
Net Profit
+3.0%9.76
NPM 6.87%-7.8%EPS ₹1.64+3.1%

vs Q3 FY26

Captain Polyplast Q4 FY26: Net Profit Surges 91%

23 May 2026 · 23 May, 5:22 pm

Summary

Captain Polyplast Limited demonstrated a strong financial performance in Q4 FY26, with Total Income increasing by 80% year-over-year to ₹142.22 Cr and Net Profit surging by 91% to ₹9.76 Cr. For the full fiscal year FY26, Total Income grew by 45% to ₹419.75 Cr. Mr. Ritesh Khichadia highlighted strong execution, strategic progress in micro-irrigation and solar EPC, and the positive impact of government policies. The company strengthened its order book with a significant MSEDCL order for solar water pumps and expects enhanced margins from its newly operational Ahmedabad facility, positioning it for sustained growth. Note that the Net Profit for FY26 is not directly comparable year-over-year due to an exceptional gain in FY25.

Key Highlights

  1. 1

    Captain Polyplast Limited reported a strong Q4 FY26 performance with Total Income growing by 80% year-over-year to ₹142.22 Cr.

  2. 2

    The company's Net Profit for Q4 FY26 surged by 91% year-over-year, reaching ₹9.76 Cr.

  3. 3

    For the full fiscal year FY26, Total Income increased by 45% to ₹419.75 Cr.

  4. 4

    Q4 FY26 EBITDA saw a 66% year-over-year increase, totaling ₹14.16 Cr, while the EBITDA Margin stood at 9.96%.

  5. 5

    During Q4 FY26, Captain Polyplast strengthened its order book by receiving an order from MSEDCL for the supply and installation of 300 off-grid solar water pumps, valued at ₹8.17 Cr.

  6. 6

    The newly operational Ahmedabad facility is anticipated to enhance margins through backward integration, improving manufacturing efficiency and profitability.

Management Comments

M

Mr. Ritesh Khichadia

This has been a year of strong execution and strategic progress for the Company. We strengthened our core micro- irrigation business while scaling our solar EPC presence, supported by favourable government policies. In Q4 FY26, we delivered a robust financial performance, with Total Income growing by 80% YoY to ₹142.22 Cr, while EBITDA increased by 66% YoY to ₹14.16 Cr. Net Profit rose sharply by 91% YoY to ₹9.76 Cr, reflecting improved scale and operating leverage, with margins remaining stable despite a high-growth environment. In the solar segment, we secured multiple orders under the PM-KUSUM scheme and accelerated execution, making it an emerging growth driver for the Company. During the quarter, we also received an order from MSEDCL for the supply and installation of 300 off-grid solar water pumps, further strengthening our order book and execution visibility. Our expanding empanelment across states positions us well to capture this large opportunity. Our micro-irrigation business continues to be the backbone of the Company, supported by an improving product mix and a growing contribution from non-subsidy and export segments. The GST reduction from 12% to 5% has further improved affordability and is expected to drive wider adoption across key markets. With our Ahmedabad facility now operational, we expect enhanced margins through backward integration. Coupled with a strong distribution network and a supportive policy environment, we are well-positioned to sustain growth momentum and deliver long-term value for all stakeholders.

Informational and educational content only. Not investment advice.