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Last Updated: April 2, 2026, 4:18 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 536974 | NSE: CPL

Captain Polyplast Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹59.29Fairly Valued by 8.92%vs CMP ₹65.10

P/E (17.3) × ROE (15.0%) × BV (₹28.00) × DY (2.00%)

Defaults: ROE=15%

₹56.84Overvalued by 12.69%vs CMP ₹65.10
MoS: -14.5% (Negative)Confidence: 53/100 (Moderate)Models: 3 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹87.3619%Under (+34.2%)
Graham NumberEarnings₹49.0617%Over (-24.6%)
Earnings PowerEarnings₹10.3712%Over (-84.1%)
DCFCash Flow₹80.0912%Under (+23%)
Net Asset ValueAssets₹27.908%Over (-57.1%)
EV/EBITDAEnterprise₹44.5110%Over (-31.6%)
Earnings YieldEarnings₹38.208%Over (-41.3%)
ROCE CapitalReturns₹93.6210%Under (+43.8%)
Revenue MultipleRevenue₹47.666%Over (-26.8%)
Consensus (9 models)₹56.84100%Overvalued
Key Drivers: EPS CAGR 47.3% lifts DCF — verify sustainability. | Wide model spread (₹10–₹94) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 47.3% · Defaults: ROE=15%

*Investments are subject to market risks

Investment Snapshot

63
Captain Polyplast Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 16.1% GoodROE 15.0% GoodD/E 1.32 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 68.8% Stable
Earnings Quality55/100 · Moderate
OPM expanding (8% → 11%) ImprovingWorking capital: 168 days Capital intensive
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +28% YoY AcceleratingProfit (4Q): -25% YoY Declining
Industry Rank90/100 · Strong
P/E 17.3 vs industry 54.0 Cheaper than peersROCE 16.1% vs industry 10.4% Above peersROE 15.0% vs industry 10.6% Above peers3Y sales CAGR: 16% Moderate

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 Polyplast 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 17.3 vs Ind 54.0 | ROCE 16.1% | ROE 15.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.32x | IntCov 0.0x | Current 1.43x | Borrow/Reserve 0.53x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹30 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom -0.30 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +58.4% | Q NP +127.9% | Q OPM +2.2 pp
Derived FieldValueHow it is derived
Valuation Gap %-12.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.53xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change-0.30 ppLatest promoter% minus previous promoter%
Shareholder Count Change-286Latest shareholder count minus previous count
Quarterly Sales Change+58.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+127.9%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+2.2 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

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

Market Cap 392 Cr.
Current Price 65.1
Intrinsic Value₹56.84
High / Low 96.0/52.7
Stock P/E17.3
Book Value 28.0
Dividend Yield0.00 %
ROCE16.1 %
ROE15.0 %
Face Value 2.00
PEG Ratio0.37

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

View Share Price Target for Captain Polyplast Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
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
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
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 Polyplast Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 71.6376.7272.6270.3382.6068.7764.8953.2690.2578.4569.7479.73126.33
Expenses 68.5966.3765.2863.3473.7760.1458.8547.4278.9569.4562.4471.84111.09
Operating Profit 3.0410.357.346.998.838.636.045.8411.309.007.307.8915.24
OPM % 4.24%13.49%10.11%9.94%10.69%12.55%9.31%10.97%12.52%11.47%10.47%9.90%12.06%
Other Income 2.90-2.740.800.690.861.020.7816.460.650.650.480.360.89
Interest 2.412.662.532.652.842.932.552.592.422.351.831.822.87
Depreciation 0.890.690.580.590.610.620.590.620.650.650.590.660.68
Profit before tax 2.644.265.034.446.246.103.6819.098.886.655.365.7712.58
Tax % 3.79%39.44%26.24%20.72%25.80%22.13%25.54%15.56%26.13%25.41%22.57%28.60%25.36%
Net Profit 2.542.583.703.524.634.752.7416.126.564.964.154.129.39
EPS in Rs 0.500.510.730.700.920.900.492.911.180.860.700.691.57

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 8189119115125149186178185225294287354
Expenses 737710599110131158152170208263254315
Operating Profit 9121416151828261517323339
OPM % 11%14%12%14%12%12%15%14%8%8%11%11%11%
Other Income 10102131233192
Interest 567667101010911109
Depreciation 2332224443223
Profit before tax 3368810171248223830
Tax % 34%34%33%35%34%27%27%27%28%28%24%21%
Net Profit 22456713936173023
EPS in Rs 0.420.450.760.981.091.432.501.800.551.093.145.283.82
Dividend Payout % 0%0%10%8%4%3%2%2%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%100.00%25.00%20.00%16.67%85.71%-30.77%-66.67%100.00%183.33%76.47%
Change in YoY Net Profit Growth (%)0.00%100.00%-75.00%-5.00%-3.33%69.05%-116.48%-35.90%166.67%83.33%-106.86%

Captain Polyplast 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:12%
5 Years:9%
3 Years:16%
TTM:2%
Compounded Profit Growth
10 Years:23%
5 Years:7%
3 Years:87%
TTM:19%
Stock Price CAGR
10 Years:24%
5 Years:17%
3 Years:61%
1 Year:-13%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:15%
Last Year:15%

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 791010101010101010111212
Reserves 1112141924314352556082135156
Borrowings 252225243463748685821036782
Other Liabilities 29364749417584626074696263
Total Liabilities 737996101110179212211210226264276313
Fixed Assets 12141211111119181514151418
CWIP 3000070000032
Investments 1225555522250
Other Assets 5763828594155188187193210247253293
Total Assets 737996101110179212211210226264276313

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -011610-8-6-001212-149
Cash from Investing Activity + -7-3-0-4-1-81-142-29
Cash from Financing Activity + 8-8-4-861500-14-1316-22
Net Cash Flow 1-11-1-302-12-00-4
Free Cash Flow -7959-10-15-2-21411-184
CFO/OP 10%98%46%82%-36%-16%14%16%91%64%-27%57%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-16.00-10.00-11.00-8.00-19.00-45.00-46.00-60.00-70.00-65.00-71.00-34.00

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 174160158163152221186230214190219237
Inventory Days 5310010011195112105106100966171
Days Payable 1541871881871271762151221051208784
Cash Conversion Cycle 7373708712015876214209166193224
Working Capital Days 36393030454463107126108104168
ROCE %22%22%26%27%24%20%24%16%9%11%19%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jan 2026
Promoters 66.50%66.50%66.50%68.08%69.52%69.52%69.52%68.64%69.37%69.09%69.09%68.79%
Public 33.49%33.50%33.50%31.92%30.49%30.48%30.47%31.36%30.62%30.93%30.91%31.20%
No. of Shareholders 20,23519,38818,37418,27017,92922,03122,61122,81622,08421,39320,20719,921

Shareholding Pattern Chart

No. of Shareholders

Captain Polyplast 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 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 5.443.361.120.871.81
Diluted EPS (Rs.) 5.443.361.120.871.81
Cash EPS (Rs.) 5.713.601.661.272.62
Book Value[Excl.RevalReserv]/Share (Rs.) 25.1318.0514.3613.1512.32
Book Value[Incl.RevalReserv]/Share (Rs.) 25.1318.0514.3613.1512.32
Revenue From Operations / Share (Rs.) 49.8455.6644.5836.7635.34
PBDIT / Share (Rs.) 6.106.653.923.465.30
PBIT / Share (Rs.) 5.676.193.382.744.47
PBT / Share (Rs.) 6.664.121.520.752.47
Net Profit / Share (Rs.) 5.283.141.120.541.80
NP After MI And SOA / Share (Rs.) 5.443.361.120.541.80
PBDIT Margin (%) 12.2411.948.799.4114.98
PBIT Margin (%) 11.3611.127.587.4412.64
PBT Margin (%) 13.357.403.412.056.98
Net Profit Margin (%) 10.595.642.511.485.08
NP After MI And SOA Margin (%) 10.916.042.511.485.08
Return on Networth / Equity (%) 21.6518.627.794.1614.57
Return on Capital Employeed (%) 20.2728.2217.9614.8227.06
Return On Assets (%) 11.256.652.461.304.29
Long Term Debt / Equity (X) 0.070.200.290.380.30
Total Debt / Equity (X) 0.451.071.111.261.32
Asset Turnover Ratio (%) 1.051.191.020.870.84
Current Ratio (X) 2.141.591.531.581.43
Quick Ratio (X) 1.801.361.201.261.17
Inventory Turnover Ratio (X) 7.775.164.163.973.50
Dividend Payout Ratio (NP) (%) 0.000.000.007.312.22
Dividend Payout Ratio (CP) (%) 0.000.000.003.141.52
Earning Retention Ratio (%) 0.000.000.0092.6997.78
Cash Earning Retention Ratio (%) 0.000.000.0096.8698.48
Interest Coverage Ratio (X) 3.543.212.111.752.65
Interest Coverage Ratio (Post Tax) (X) 2.492.521.601.281.90
Enterprise Value (Cr.) 523.66382.53164.72169.95289.19
EV / Net Operating Revenue (X) 1.831.300.730.911.62
EV / EBITDA (X) 14.9110.888.349.7410.84
MarketCap / Net Operating Revenue (X) 1.600.960.390.491.18
Retention Ratios (%) 0.000.000.0092.6897.77
Price / BV (X) 3.172.991.231.373.38
Price / Net Operating Revenue (X) 1.600.960.390.491.18
EarningsYield 0.060.060.060.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Captain Polyplast Ltd. is a Public Limited Listed company incorporated on 27/03/1997 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L25209GJ1997PLC031985 and registration number is 031985. Currently company belongs to the Industry of Plastics - Pipes & Fittings. Company's Total Operating Revenue is Rs. 286.84 Cr. and Equity Capital is Rs. 11.51 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & FittingsUL25, Royal Complex, Rajkot Gujarat 360001Contact not found
Management
NamePosition Held
Mr. Ramesh D KhichadiaChairman & Managing Director
Mr. Ritesh R KhichadiaWhole Time Director
Mr. Gopal D KhichadiaNon Executive Director
Mr. Laljibhai VekariyaIndependent Director
Mr. Prabhulal N RabadiaIndependent Director
Mrs. Mita MardiyaIndependent Director

FAQ

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

As of 05 April 2026, Captain Polyplast Ltd's intrinsic value is ₹56.84, which is 12.69% lower than the current market price of ₹65.10, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.0 %), book value (₹28.0), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Captain Polyplast Ltd is trading at ₹65.10 as of 05 April 2026, with a FY2026-2027 high of ₹96.0 and low of ₹52.7. The stock is currently in the middle of its 52-week range. Market cap stands at ₹392 Cr..

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

Captain Polyplast Ltd has a P/E ratio of 17.3, which is below the industry average of 54.01. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Captain Polyplast Ltd financially healthy?

Key indicators for Captain Polyplast Ltd: ROCE of 16.1 % indicates efficient capital utilization. Dividend yield is 0.00 %.

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

Captain Polyplast Ltd reported a net profit of ₹30 Cr in Mar 2025 on revenue of ₹287 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Captain Polyplast Ltd pay dividends?

Captain Polyplast Ltd has a dividend yield of 0.00 % at the current price of ₹65.10. 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 Polyplast 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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