The BSE listed Captain Polyplast Limited (CPL) has an operating revenue of Rs 64.3 crore. Apart from this, there has been a jump of 3 percent in the EBITDA of the company. EBITDA on an annual basis stood at Rs 7.4 crore.
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Company’s profit jumped 12.5 percent
Apart from this, if we talk about the profit of the company, then it has seen a jump of about 12.5 percent. According to the report, apart from the core business, CPL also expects good growth from its complementary products. The core business of the company is of micro irrigation products. Due to this the company gets 95 percent revenue. The revenue sharing of complementary products is also expected to increase. These include products like Sole Equipments, Water Soluble Fertilizers.
What did the MD of the company say?
Ramesh Khichdia, Chairman and Managing Director of the company said, “At the Solar EPC segment, our focus is on sustainable products and technology. This will help us participate in the government’s drive to increase India’s renewable energy capacity to 175 GW by 2022. ” He further said, “By focusing on renewable energy and drip irrigation, we can see good growth in the coming years.” The report said that looking at the past performance, the top-line of CPL grew at a CAGR of 8.4 per cent in FY 20216-21, indicating steady progress.
There will be good development in the coming 5 years
The company believes that there is a good scope in the micro irrigation business. The company can do good development in the coming 5 years. Apart from this, it can also benefit from the government’s agricultural irrigation scheme. The government has made a plan to invest 50 thousand crore rupees in the coming 5 years under this scheme.
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What is the business of the company?
CPL is a holding company engaged in the business of manufacturing and selling of Micro Irrigation Systems and Allied Products. The company manufactures, exports and trades high density polyethylene (HDPE) pipes and irrigation equipment including drip irrigation systems, sprinkler irrigation systems, disc filters, screen filters, hydro-cyclone filters, sand (gravel) filters, compression fittings.
The company has also added ancillary products like solar pumps, rooftop solar, water soluble fertilizers etc., sold through the existing distribution network. CPL is a channel partner of IOCL for marketing its polymer products in Gujarat. The company’s plant is located at Shapar (Veraval), Rajkot, India.
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