Captain Polyplast Ltd

Captain Polyplast Ltd

₹ 54.7 1.99%
16 Jul 11:43 a.m.
About

Incorporated in 1997, Captain Polyplast Ltd
does manufacturing of forged and machined bearing rings and automotive components[1]

Key Points

Business Overview:[1]
CPL does manufacturing of advanced
micro irrigation technologies which include
drip irrigation systems and sprinkler irrigation systems that are produced in German
and Israel technology. It has a marketing
and distribution network across
** 16 states of India with 750+ dealers**

  • Market Cap 303 Cr.
  • Current Price 54.7
  • High / Low 69.8 / 19.7
  • Stock P/E 17.0
  • Book Value 18.0
  • Dividend Yield 0.00 %
  • ROCE 19.3 %
  • ROE 21.2 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.8% CAGR over last 5 years
  • Promoter holding has increased by 3.03% over last quarter.

Cons

  • Stock is trading at 2.97 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.0% over last 3 years.
  • Company has high debtors of 219 days.
  • Promoter holding has decreased over last 3 years: -5.40%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
64.34 38.70 44.01 43.60 58.86 40.68 35.57 71.63 76.72 72.62 70.33 82.60 68.77
56.92 34.40 40.66 40.32 54.34 38.22 34.54 68.59 66.37 65.28 63.34 73.77 60.15
Operating Profit 7.42 4.30 3.35 3.28 4.52 2.46 1.03 3.04 10.35 7.34 6.99 8.83 8.62
OPM % 11.53% 11.11% 7.61% 7.52% 7.68% 6.05% 2.90% 4.24% 13.49% 10.11% 9.94% 10.69% 12.53%
0.48 0.06 0.77 0.40 0.77 0.82 1.90 2.90 -2.42 0.80 0.69 1.20 1.29
Interest 2.96 2.40 2.57 2.38 2.63 2.20 2.12 2.41 2.66 2.53 2.65 2.84 2.93
Depreciation 1.18 1.03 1.06 0.81 0.77 0.65 0.48 0.89 0.69 0.58 0.59 0.61 0.62
Profit before tax 3.76 0.93 0.49 0.49 1.89 0.43 0.33 2.64 4.58 5.03 4.44 6.58 6.36
Tax % 31.12% 26.88% 30.61% 22.45% 28.57% 32.56% 72.73% 3.79% 36.68% 24.65% 22.52% 24.47% 21.23%
2.59 0.68 0.34 0.38 1.35 0.30 0.09 2.54 2.90 3.78 3.44 4.97 5.02
EPS in Rs 0.51 0.13 0.07 0.08 0.27 0.06 0.02 0.50 0.58 0.75 0.68 0.99 0.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
99 135 115 125 149 186 178 185 225 294
86 119 99 110 131 158 152 170 208 263
Operating Profit 13 16 16 15 18 28 26 15 17 32
OPM % 13% 12% 14% 12% 12% 15% 14% 8% 8% 11%
1 1 0 2 1 3 1 2 3 5
Interest 7 7 6 6 7 10 10 10 9 11
Depreciation 3 3 2 2 2 4 4 4 3 2
Profit before tax 4 6 8 8 10 17 12 4 8 23
Tax % 36% 33% 35% 34% 27% 27% 27% 28% 26% 23%
2 4 5 6 7 13 9 3 6 18
EPS in Rs 0.46 0.75 0.98 1.09 1.43 2.50 1.80 0.55 1.12 3.36
Dividend Payout % 0% 11% 8% 4% 3% 2% 2% 7% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 18%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 25%
TTM: 215%
Stock Price CAGR
10 Years: 18%
5 Years: 16%
3 Years: 15%
1 Year: 164%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 12%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 10 10 10 10 10 10 10 10 11
Reserves 12 14 19 23 31 43 52 56 62 85
22 25 24 34 63 74 86 85 82 103
36 47 49 41 75 84 62 60 75 69
Total Liabilities 79 96 101 109 178 211 211 211 229 267
14 12 11 11 11 19 18 15 14 15
CWIP 0 0 0 0 7 0 0 0 0 0
Investments 2 2 5 5 5 5 5 3 4 5
63 82 85 94 155 188 187 193 211 247
Total Assets 79 96 101 109 178 211 211 211 229 267

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 7 10 -8 -6 -0 0 12 11 -14
-3 -0 -3 -0 -8 1 -1 4 2 -2
-9 -5 -8 6 15 0 0 -14 -13 16
Net Cash Flow -1 1 -1 -3 0 2 -1 2 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 143 139 163 152 221 186 230 214 192 219
Inventory Days 88 86 111 96 112 105 106 100 96 61
Days Payable 165 161 187 128 176 215 122 105 122 87
Cash Conversion Cycle 67 65 87 119 158 76 214 209 166 193
Working Capital Days 77 71 88 135 164 185 245 241 204 206
ROCE % 28% 27% 24% 20% 24% 16% 9% 11% 19%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
71.55% 66.79% 66.50% 66.50% 66.50% 66.50% 66.50% 66.50% 66.50% 66.50% 68.08% 69.52%
28.45% 33.21% 33.50% 33.50% 33.50% 33.51% 33.50% 33.49% 33.50% 33.50% 31.92% 30.47%
No. of Shareholders 21,38321,60424,74723,96323,15722,20721,08220,23519,38818,37418,27018,270

Documents

Concalls