Captain Polyplast Ltd
Captain Polyplast Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
Micro-irrigation business targets average growth of 20% to 25% over the next three years. Micro-irrigation business is targeting average growth of 20%-25% over the next three years.
From Captain Polyplast Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Micro-irrigation business targets average growth of 20% to 25% over the next three years.
- Solar EPC segment, especially solar pumps, is expected to grow faster, aiming to equal micro-irrigation revenue contribution within two years (moving from current ~15-20% to 50%).
- Increased solar EPC orders and expanding presence in states like Maharashtra and Gujarat support growth.
- Market penetration for micro-irrigation is currently around 17-18%, with over 80% headroom, indicating significant volume growth potential.
- Export revenue in micro-irrigation expected to grow from current 5% to double digits in five years, especially in African and Latin American markets.
- Ahmedabad manufacturing facility will improve margins and support scaling, enabling INR400 crore micro-irrigation revenue without additional capex in the near-term.
- Growth driven by market share gains, dealer expansion, and deeper penetration in existing markets.
Profitability & Margins
See what Captain Polyplast Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company has recently commissioned a new 70,000 sq. ft. facility in Ahmedabad, which is now operational and expected to improve EBITDA margins by 1% to 1.5% in the micro-irrigation segment due to internalization of high-margin components.
- Based on existing capacity at Rajkot, Kurnool, and Ahmedabad plants, Captain Polyplast can achieve micro-irrigation revenues up to INR 400 crores for the next couple of years without additional capex.
- Capex intensity for both micro-irrigation and solar EPC businesses is expected to remain low, with primary capital requirements being working capital.
- Working capital allocation between segments is flexible and will be adjusted as per growth opportunities.
- Future capex plans, if any, will focus on scaling the captive business first; third-party sales from Ahmedabad facility may be considered later.
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Captain Polyplast Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The current unexecuted solar pump order book is for 500 pumps, valued at approximately INR 11 crores.
- In the previous quarter, Captain Polyplast executed around 1,000 solar pumps.
- The company is targeting a similar quarterly execution run rate of at least 1,000 pumps for the current quarter.
- New orders are anticipated in the current month, which could increase the order book further.
- The solar pumps segment order pipeline primarily comes from Maharashtra, with expectations of empanelment and new orders in other states under PM-KUSUM scheme.
- The solar EPC (rooftop and pump) orders are not tender-based but are allocated based on L1 pricing and execution track record.
- There is no fixed bidding pipeline; orders depend on timely execution and matching L1 prices.
Captain Polyplast Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹141 Cr, net profit ₹10 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Captain Polyplast Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Captain Polyplast Ltd Q4 FY26 results?
Micro-irrigation business targets average growth of 20% to 25% over the next three years. Micro-irrigation business is targeting average growth of 20%-25% over the next three years.
What is Captain Polyplast Ltd share price analysis?
Captain Polyplast Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 15.8 with a market cap of ₹439 Cr. Investors should review the full earnings analysis for detailed insights.
Is Captain Polyplast Ltd planning capital expenditure?
The company has recently commissioned a new 70,000 sq.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.