Captain Polyplast Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:15 am

Market Cap	435 Cr.
Current Price	78.6
High / Low	87.8/34.5
Stock P/E	28.9
Book Value	20.7
Dividend Yield	0.00 %
ROCE	18.9 %
ROE	20.4 %
Face Value	2.00
PEG Ratio	2.67

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

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Dutron Polymers Ltd	99.9 Cr.	167	233/141	40.6	47.1	0.90 %	13.2 %	9.55 %	10.0
Captain Polyplast Ltd	435 Cr.	78.6	87.8/34.5	28.9	20.7	0.00 %	18.9 %	20.4 %	2.00
Captain Pipes Ltd	234 Cr.	15.8	24.5/14.0	53.6	1.89	0.00 %	25.0 %	17.4 %	1.00
Caprihans India Ltd	204 Cr.	155	239/131		337	0.00 %	1.54 %	15.2 %	10.0
Ashish Polyplast Ltd	18.4 Cr.	54.2	95.4/19.0	16.9	20.9	0.00 %	5.18 %	3.47 %	10.0
Industry Average	7,803.56 Cr	279.32		40.81	87.85	0.21%	13.61%	13.44%	7.57

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	38.70	44.01	43.60	58.86	40.68	35.57	71.63	76.72	72.62	70.33	82.60	68.77	64.89
Expenses	34.40	40.66	40.32	54.34	38.22	34.54	68.59	66.37	65.28	63.34	73.77	60.14	58.85
Operating Profit	4.30	3.35	3.28	4.52	2.46	1.03	3.04	10.35	7.34	6.99	8.83	8.63	6.04
OPM %	11.11%	7.61%	7.52%	7.68%	6.05%	2.90%	4.24%	13.49%	10.11%	9.94%	10.69%	12.55%	9.31%
Other Income	0.06	0.77	0.40	0.77	0.82	1.90	2.90	-2.74	0.80	0.69	0.86	1.02	0.78
Interest	2.40	2.57	2.38	2.63	2.20	2.12	2.41	2.66	2.53	2.65	2.84	2.93	2.55
Depreciation	1.03	1.06	0.81	0.77	0.65	0.48	0.89	0.69	0.58	0.59	0.61	0.62	0.59
Profit before tax	0.93	0.49	0.49	1.89	0.43	0.33	2.64	4.26	5.03	4.44	6.24	6.10	3.68
Tax %	26.88%	30.61%	22.45%	28.57%	32.56%	72.73%	3.79%	39.44%	26.24%	20.72%	25.80%	22.13%	25.54%
Net Profit	0.68	0.34	0.38	1.35	0.30	0.09	2.54	2.58	3.70	3.52	4.63	4.75	2.74
EPS in Rs	0.13	0.07	0.08	0.27	0.06	0.02	0.50	0.51	0.73	0.70	0.92	0.90	0.49

Last Updated: October 7, 2024, 8:25 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	63	81	89	119	115	125	149	186	178	185	225	294	287
Expenses	55	73	77	105	99	110	131	158	152	170	208	263	256
Operating Profit	8	9	12	14	16	15	18	28	26	15	17	32	30
OPM %	13%	11%	14%	12%	14%	12%	12%	15%	14%	8%	8%	11%	11%
Other Income	0	1	0	1	0	2	1	3	1	2	3	3	3
Interest	4	5	6	7	6	6	7	10	10	10	9	11	11
Depreciation	1	2	3	3	2	2	2	4	4	4	3	2	2
Profit before tax	4	3	3	6	8	8	10	17	12	4	8	22	20
Tax %	33%	34%	34%	33%	35%	34%	27%	27%	27%	28%	28%	24%
Net Profit	3	2	2	4	5	6	7	13	9	3	6	17	16
EPS in Rs	1.73	0.42	0.45	0.76	0.98	1.09	1.43	2.50	1.80	0.55	1.09	3.14	3.01
Dividend Payout %	0%	0%	0%	10%	8%	4%	3%	2%	2%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-33.33%	0.00%	100.00%	25.00%	20.00%	16.67%	85.71%	-30.77%	-66.67%	100.00%	183.33%
Change in YoY Net Profit Growth (%)	0.00%	33.33%	100.00%	-75.00%	-5.00%	-3.33%	69.05%	-116.48%	-35.90%	166.67%	83.33%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	14%
5 Years:	15%
3 Years:	18%
TTM:	-7%

Compounded Profit Growth
10 Years:	23%
5 Years:	18%
3 Years:	22%
TTM:	22%

Stock Price CAGR
10 Years:	26%
5 Years:	19%
3 Years:	57%
1 Year:	122%

Return on Equity
10 Years:	15%
5 Years:	15%
3 Years:	12%
Last Year:	20%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:02 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	2	7	9	10	10	10	10	10	10	10	10	11	11
Reserves	9	11	12	14	19	24	31	43	52	55	60	82	104
Borrowings	17	25	22	25	24	34	63	74	86	85	82	103	83
Other Liabilities	24	29	36	47	49	41	75	84	62	60	74	69	69
Total Liabilities	52	73	79	96	101	110	179	212	211	210	226	264	267
Fixed Assets	6	12	14	12	11	11	11	19	18	15	14	15	15
CWIP	4	3	0	0	0	0	7	0	0	0	0	0	0
Investments	1	1	2	2	5	5	5	5	5	2	2	2	0
Other Assets	41	57	63	82	85	94	155	188	187	193	210	247	251
Total Assets	52	73	79	96	101	110	179	212	211	210	226	264	267

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	3	-0	11	6	10	-8	-6	-0	0	12	12	-14
Cash from Investing Activity +	-5	-7	-3	-0	-4	-1	-8	1	-1	4	2	-2
Cash from Financing Activity +	4	8	-8	-4	-8	6	15	0	0	-14	-13	16
Net Cash Flow	1	1	-1	1	-1	-3	0	2	-1	2	-0	0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-9.00	-16.00	-10.00	-11.00	-8.00	-19.00	-45.00	-46.00	-60.00	-70.00	-65.00	-71.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	170	174	160	158	163	152	221	186	230	214	190	219
Inventory Days	46	53	100	100	111	95	112	105	106	100	96	61
Days Payable	164	154	187	188	187	127	176	215	122	105	120	87
Cash Conversion Cycle	52	73	73	70	87	120	158	76	214	209	166	193
Working Capital Days	74	95	86	81	88	135	164	185	245	241	204	206
ROCE %	38%	22%	22%	26%	27%	24%	20%	24%	16%	9%	11%	19%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	66.79%	66.50%	66.50%	66.50%	66.50%	66.50%	66.50%	66.50%	66.50%	68.08%	69.52%	69.52%
Public	33.21%	33.50%	33.50%	33.50%	33.51%	33.50%	33.49%	33.50%	33.50%	31.92%	30.49%	30.48%
No. of Shareholders	21,604	24,747	23,963	23,157	22,207	21,082	20,235	19,388	18,374	18,270	17,929	22,031

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	3.36	1.12	0.87	1.81	2.51
Diluted EPS (Rs.)	3.36	1.12	0.87	1.81	2.51
Cash EPS (Rs.)	3.60	1.66	1.27	2.62	3.34
Book Value[Excl.RevalReserv]/Share (Rs.)	18.05	14.36	13.15	12.32	10.52
Book Value[Incl.RevalReserv]/Share (Rs.)	18.05	14.36	13.15	12.32	10.52
Revenue From Operations / Share (Rs.)	55.66	44.58	36.76	35.34	36.97
PBDIT / Share (Rs.)	6.65	3.92	3.46	5.30	6.26
PBIT / Share (Rs.)	6.19	3.38	2.74	4.47	5.42
PBT / Share (Rs.)	4.12	1.52	0.75	2.47	3.42
Net Profit / Share (Rs.)	3.14	1.12	0.54	1.80	2.50
NP After MI And SOA / Share (Rs.)	3.36	1.12	0.54	1.80	2.50
PBDIT Margin (%)	11.94	8.79	9.41	14.98	16.94
PBIT Margin (%)	11.12	7.58	7.44	12.64	14.67
PBT Margin (%)	7.40	3.41	2.05	6.98	9.25
Net Profit Margin (%)	5.64	2.51	1.48	5.08	6.76
NP After MI And SOA Margin (%)	6.04	2.51	1.48	5.08	6.76
Return on Networth / Equity (%)	18.62	7.79	4.16	14.57	23.76
Return on Capital Employeed (%)	28.22	17.96	14.82	27.06	42.78
Return On Assets (%)	6.65	2.46	1.30	4.29	5.96
Long Term Debt / Equity (X)	0.20	0.29	0.38	0.30	0.16
Total Debt / Equity (X)	1.07	1.11	1.26	1.32	1.34
Asset Turnover Ratio (%)	1.19	1.02	0.87	0.84	0.95
Current Ratio (X)	1.59	1.53	1.58	1.43	1.24
Quick Ratio (X)	1.36	1.20	1.26	1.17	1.02
Inventory Turnover Ratio (X)	5.16	4.16	3.97	3.50	3.74
Dividend Payout Ratio (NP) (%)	0.00	0.00	7.31	2.22	1.59
Dividend Payout Ratio (CP) (%)	0.00	0.00	3.14	1.52	1.19
Earning Retention Ratio (%)	0.00	0.00	92.69	97.78	98.41
Cash Earning Retention Ratio (%)	0.00	0.00	96.86	98.48	98.81
Interest Coverage Ratio (X)	3.21	2.11	1.75	2.65	3.12
Interest Coverage Ratio (Post Tax) (X)	2.52	1.60	1.28	1.90	2.25
Enterprise Value (Cr.)	382.53	164.72	169.95	289.19	193.88
EV / Net Operating Revenue (X)	1.30	0.73	0.91	1.62	1.04
EV / EBITDA (X)	10.88	8.34	9.74	10.84	6.15
MarketCap / Net Operating Revenue (X)	0.96	0.39	0.49	1.18	0.67
Retention Ratios (%)	0.00	0.00	92.68	97.77	98.40
Price / BV (X)	2.99	1.23	1.37	3.38	2.38
Price / Net Operating Revenue (X)	0.96	0.39	0.49	1.18	0.67
EarningsYield	0.06	0.06	0.03	0.04	0.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 124.48

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 58.37% compared to the current share price 78.60

Intrinsic Value of as of December 22, 2024 is: 137.96

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 75.52% compared to the current share price 78.60

Last 5 Year EPS CAGR: 10.83%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.50%, which is a positive sign. The company has shown consistent growth in sales (161.23 cr) and profit (9.62 cr) over the years.	The stock has a high average Working Capital Days of 150.33, which may not be favorable. The stock has a high average Cash Conversion Cycle of 124.25, which may not be favorable. The company has higher borrowings (55.62) compared to reserves (39.69), which may suggest financial risk.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 5.64%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 28.22% (Industry Average ROCE: 13.61%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 18.62% (Industry Average ROE: 11.52%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.52
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.36
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 28.9 (Industry average Stock P/E: 29.15)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.07
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 185.17 Cr. and Equity Capital is Rs. 10.08 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Plastics - Pipes & Fittings	UL25, Royal Complex, Rajkot Gujarat 360001	account@captainpolyplast.in http://www.captainpolyplast.com

Management
Name	Position Held
Mr. Ramesh D Khichadia	Chairman & Managing Director
Mr. Ritesh R Khichadia	Whole Time Director
Mr. Gopal D Khichadia	Non Executive Director
Mr. Lalibhai Vekariya	Independent Director
Mrs. Anjana P Paghadar	Independent Director
Mr. Prabhulal N Rabadia	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹124.48, which is 58.37% higher than the current market price of ₹78.60. The stock has a market capitalization of 435 Cr. and recorded a high/low of 87.8/34.5 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹104 Cr and total liabilities of ₹267 Cr.

What is the Market Cap of ?

The Market Cap of is 435 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 78.6.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 87.8/34.5.

What is the Stock P/E of ?

The Stock P/E of is 28.9.

What is the Book Value of ?

The Book Value of is 20.7.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 18.9 %.

What is the ROE of ?

The ROE of is 20.4 %.

What is the Face Value of ?

The Face Value of is 2.00.