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Last Updated: April 2, 2026, 4:18 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 538817 | NSE: CAPPIPES

Captain Pipes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹13.19Undervalued by 54.45%vs CMP ₹8.54

P/E (44.5) × ROE (13.5%) × BV (₹2.69) × DY (2.00%)

₹6.11Overvalued by 28.45%vs CMP ₹8.54
MoS: -39.8% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹11.4230%Under (+33.7%)
Graham NumberEarnings₹3.4822%Over (-59.3%)
Net Asset ValueAssets₹2.6910%Over (-68.5%)
EV/EBITDAEnterprise₹4.8312%Over (-43.4%)
Earnings YieldEarnings₹2.0010%Over (-76.6%)
ROCE CapitalReturns₹5.4510%Over (-36.2%)
Revenue MultipleRevenue₹4.947%Over (-42.2%)
Consensus (7 models)₹6.11100%Overvalued
Key Drivers: Wide model spread (₹2–₹11) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -13.4%

*Investments are subject to market risks

Investment Snapshot

61
Captain Pipes Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 17.0% GoodROE 13.5% GoodD/E 0.35 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 64.4% Stable
Earnings Quality65/100 · Strong
OPM expanding (4% → 10%) Improving
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +9% YoY GrowingProfit (4Q): -33% YoY Declining
Industry Rank65/100 · Strong
P/E 44.5 vs industry 54.0 In-lineROCE 17.0% vs industry 10.4% Above peersROE 13.5% vs industry 10.6% Above peers3Y sales CAGR: -3% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Captain Pipes Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 44.5 vs Ind 54.0 | ROCE 17.0% | ROE 13.5% | CFO/NP N/A
Balance Sheet Stress
40/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.35x | IntCov 0.0x | Current 2.31x | Borrow/Reserve 1.29x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹4 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII N/A | Prom 0.00 pp
Business Momentum
-34
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +16.4% | Q NP -32.4% | Q OPM -2.9 pp
Derived FieldValueHow it is derived
Valuation Gap %-28.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves1.29xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,829Latest shareholder count minus previous count
Quarterly Sales Change+16.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-32.4%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-2.9 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:18 am

Market Cap 131 Cr.
Current Price 8.54
Intrinsic Value₹6.11
High / Low 17.4/7.05
Stock P/E44.5
Book Value 2.69
Dividend Yield0.00 %
ROCE17.0 %
ROE13.5 %
Face Value 1.00
PEG Ratio-3.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Captain Pipes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Captain Pipes Ltd 131 Cr. 8.54 17.4/7.0544.5 2.690.00 %17.0 %13.5 % 1.00
Texmo Pipes & Products Ltd 110 Cr. 37.8 69.8/33.05.99 76.60.00 %8.92 %9.38 % 10.0
Captain Polyplast Ltd 392 Cr. 65.1 96.0/52.717.3 28.00.00 %16.1 %15.0 % 2.00
Prakash Pipes Ltd 432 Cr. 181 480/16310.8 1911.33 %26.8 %20.5 % 10.0
Apollo Pipes Ltd 1,885 Cr. 428 495/252102 1910.16 %6.78 %4.30 % 10.0
Industry Average6,800.71 Cr210.0254.0187.370.26%10.40%10.62%8.00

All Competitor Stocks of Captain Pipes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 21.3221.2319.1216.7220.2520.2620.7712.6120.6622.7120.9417.2820.12
Expenses 20.0019.4817.3215.0318.1218.2018.1710.8418.6621.0419.0115.1618.23
Operating Profit 1.321.751.801.692.132.062.601.772.001.671.932.121.89
OPM % 6.19%8.24%9.41%10.11%10.52%10.17%12.52%14.04%9.68%7.35%9.22%12.27%9.39%
Other Income 0.090.060.040.030.000.050.060.060.060.070.030.030.08
Interest 0.210.240.240.250.340.410.330.440.370.310.420.670.77
Depreciation 0.230.250.250.260.260.270.230.230.230.230.380.530.58
Profit before tax 0.971.321.351.211.531.432.101.161.461.201.160.950.62
Tax % -12.37%27.27%24.44%13.22%32.68%36.36%25.24%26.72%25.34%26.67%25.00%25.26%22.58%
Net Profit 1.090.961.021.041.020.911.580.851.090.890.870.710.48
EPS in Rs 0.080.070.070.070.070.060.110.060.070.060.060.050.03

Last Updated: March 3, 2026, 11:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:10 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 40.1034.6553.7453.4843.6154.5745.4840.2482.5784.6675.8075.7181.05
Expenses 38.0531.2949.8650.2343.0351.8842.9337.8279.8180.6868.1267.6773.44
Operating Profit 2.053.363.883.250.582.692.552.422.763.987.688.047.61
OPM % 5.11%9.70%7.22%6.08%1.33%4.93%5.61%6.01%3.34%4.70%10.13%10.62%9.39%
Other Income 0.230.900.110.100.160.210.260.295.310.340.120.260.21
Interest 1.432.012.792.022.021.631.471.391.140.871.251.462.17
Depreciation 0.710.600.710.860.860.880.890.880.910.981.050.911.72
Profit before tax 0.141.650.490.47-2.140.390.450.446.022.475.505.933.93
Tax % -35.71%30.91%-6.12%29.79%-29.91%28.21%15.56%38.64%14.62%27.53%27.64%25.80%
Net Profit 0.191.140.530.32-1.500.280.380.285.131.803.984.412.95
EPS in Rs 0.060.090.040.03-0.120.020.030.020.410.130.270.290.20
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)500.00%-53.51%-39.62%-568.75%118.67%35.71%-26.32%1732.14%-64.91%121.11%10.80%
Change in YoY Net Profit Growth (%)0.00%-553.51%13.89%-529.13%687.42%-82.95%-62.03%1758.46%-1797.06%186.02%-110.31%

Captain Pipes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:-2%
TTM:-1%
Compounded Profit Growth
10 Years:23%
5 Years:63%
3 Years:135%
TTM:-19%
Stock Price CAGR
10 Years:28%
5 Years:78%
3 Years:19%
1 Year:-14%
Return on Equity
10 Years:8%
5 Years:11%
3 Years:14%
Last Year:14%

Last Updated: September 5, 2025, 2:51 pm

Balance Sheet

Last Updated: December 10, 2025, 4:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1.134.164.164.164.164.164.164.164.1613.9514.7715.3615.36
Reserves 1.134.645.175.493.994.274.664.9311.746.2310.7424.3425.91
Borrowings 12.029.499.6010.138.905.013.064.113.752.565.8215.7733.34
Other Liabilities 4.799.3516.0516.0916.2016.2215.2613.1715.3110.3711.897.839.13
Total Liabilities 19.0727.6434.9835.8733.2529.6627.1426.3734.9633.1143.2263.3083.74
Fixed Assets 8.0811.0511.0410.389.589.338.627.988.508.2611.1510.8936.48
CWIP 0.000.000.000.000.000.000.000.000.000.000.2310.190.27
Investments 0.810.810.810.810.810.810.810.810.430.436.3711.7317.13
Other Assets 10.1815.7823.1324.6822.8619.5217.7117.5826.0324.4225.4730.4929.86
Total Assets 19.0727.6434.9835.8733.2529.6627.1426.3734.9633.1143.2263.3083.74

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.682.723.992.344.283.183.591.43-4.662.794.07-2.38
Cash from Investing Activity + -2.76-3.57-0.20-0.240.03-0.40-0.26-1.154.02-0.60-10.06-15.92
Cash from Financing Activity + 2.100.88-3.28-1.90-4.28-3.41-3.44-0.350.630.403.4018.30
Net Cash Flow 0.020.030.520.200.02-0.63-0.12-0.07-0.012.59-2.600.00
Free Cash Flow -2.08-0.853.292.144.222.553.411.19-6.102.06-0.09-13.00
CFO/OP 33%81%108%85%745%121%144%63%-164%87%60%0%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-9.97-6.13-5.72-6.88-8.32-2.32-0.51-1.69-0.991.421.86-7.73

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 30.2281.1176.8251.5353.5742.2742.2152.5250.7941.0057.0652.98
Inventory Days 48.7880.7579.98121.25133.6790.59100.7195.1353.5848.1470.7878.41
Days Payable 47.41111.80113.66113.57138.44110.43124.79121.0963.8143.0752.6237.02
Cash Conversion Cycle 31.5950.0643.1459.2148.8022.4318.1426.5640.5646.0775.2294.37
Working Capital Days -17.29-3.371.836.55-4.35-2.548.4318.4139.7042.9448.2579.42
ROCE %11.41%17.38%17.62%12.86%-0.65%13.25%15.17%14.59%12.85%15.76%24.97%17.00%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.23%72.23%73.78%73.78%73.78%73.78%66.99%66.99%64.39%64.39%64.39%64.39%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.06%0.06%0.06%0.06%
Public 27.76%27.76%26.22%26.22%26.23%26.21%33.03%32.94%35.55%35.54%35.55%35.54%
No. of Shareholders 1689099,99119,83035,82760,18466,47365,87263,89561,73060,09758,268

Shareholding Pattern Chart

No. of Shareholders

Captain Pipes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25
FaceValue 1.00
Basic EPS (Rs.) 0.57
Diluted EPS (Rs.) 0.57
Cash EPS (Rs.) 0.34
Book Value[Excl.RevalReserv]/Share (Rs.) 2.87
Book Value[Incl.RevalReserv]/Share (Rs.) 2.87
Revenue From Operations / Share (Rs.) 5.00
PBDIT / Share (Rs.) 0.53
PBIT / Share (Rs.) 0.48
PBT / Share (Rs.) 0.38
Net Profit / Share (Rs.) 0.28
NP After MI And SOA / Share (Rs.) 0.56
PBDIT Margin (%) 10.80
PBIT Margin (%) 9.61
PBT Margin (%) 7.72
Net Profit Margin (%) 5.74
NP After MI And SOA Margin (%) 11.41
Return on Networth / Equity (%) 19.87
Return on Capital Employeed (%) 13.44
Return On Assets (%) 12.94
Long Term Debt / Equity (X) 0.23
Total Debt / Equity (X) 0.35
Current Ratio (X) 2.31
Quick Ratio (X) 1.30
Interest Coverage Ratio (X) 5.73
Interest Coverage Ratio (Post Tax) (X) 4.05
Enterprise Value (Cr.) 236.85
EV / Net Operating Revenue (X) 3.09
EV / EBITDA (X) 28.57
MarketCap / Net Operating Revenue (X) 2.88
Price / BV (X) 5.02
Price / Net Operating Revenue (X) 2.88
EarningsYield 0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Captain Pipes Ltd. is a Public Limited Listed company incorporated on 05/01/2010 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L25191GJ2010PLC059094 and registration number is 059094. Currently company belongs to the Industry of Plastics - Pipes & Fittings. Company's Total Operating Revenue is Rs. 76.75 Cr. and Equity Capital is Rs. 15.36 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & FittingsSurvey No.257, Rajkot Dist. Gujarat 360002Contact not found
Management
NamePosition Held
Mr. Gopal D KhichadiaManaging Director
Mr. Kantilal M GediaWhole Time Director
Mr. Ramesh D KhichadiaNon Executive Director
Mrs. Darshana PatelIndependent Director
Mr. Vinodbhai HirparaIndependent Director
Mr. Vijaybahi TankIndependent Director

FAQ

What is the intrinsic value of Captain Pipes Ltd and is it undervalued?

As of 05 April 2026, Captain Pipes Ltd's intrinsic value is ₹6.11, which is 28.45% lower than the current market price of ₹8.54, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.5 %), book value (₹2.69), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Captain Pipes Ltd?

Captain Pipes Ltd is trading at ₹8.54 as of 05 April 2026, with a FY2026-2027 high of ₹17.4 and low of ₹7.05. The stock is currently near its 52-week low. Market cap stands at ₹131 Cr..

How does Captain Pipes Ltd's P/E ratio compare to its industry?

Captain Pipes Ltd has a P/E ratio of 44.5, which is below the industry average of 54.01. This is broadly in line with or below the industry average.

Is Captain Pipes Ltd financially healthy?

Key indicators for Captain Pipes Ltd: ROCE of 17.0 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Captain Pipes Ltd profitable and how is the profit trend?

Captain Pipes Ltd reported a net profit of ₹4 Cr in Mar 2025 on revenue of ₹76 Cr. Compared to ₹5 Cr in Mar 2022, the net profit shows a declining trend.

Does Captain Pipes Ltd pay dividends?

Captain Pipes Ltd has a dividend yield of 0.00 % at the current price of ₹8.54. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Captain Pipes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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