Slide 1: BSE filing cover letter for Q3FY26 investor presentation
Date: 17/02/2026 To, Department of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street Mumbai—400 001 Reg: Captain Polyplast Limited (Scrip Code: 536974/Scrip ID: CPL) Sub: INVESTOR PRESENTATION FOR Q3FY26. Dear Sir/Madam, Pursuant to regulation 30 of the Security and Exchange Boa
Slide 2: Q3 & 9M FY26 Investor Presentation
Captain Polyplast Limited Q3 & 9M FY26 Investor Presentation
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Captain Polyplast Limited (CPL, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Company Overview
Company Overview
Slide 5: Customized Solutions For Diverse Agricultural Needs
Customized Solutions For Diverse Agricultural Needs ❑ Established in 1997, CPL is a leading player in the micro irrigation industry with over 27 years of experience. ❑ Operates manufacturing facilities in Rajkot (Gujarat), Kurnool (Andhra Pradesh) and Ahmedabad (Gujarat) ❑ Specializes in manufacturi
Slide 6: Key Facts: Core Metrics Of Performance
Key Facts: Core Metrics Of Performance 27+ 3 170 Mn Mts Dripline 13000 MT Years Of Experience Manufacturing Units Installed Capacity Other Products Installed Capacity 750 16 States 325 Dealers Domestic Presence Team Members Key Financial Metrics FY 25 Consolidated Q3 FY 26 Consolidated 9M FY 26 Cons
Slide 7: Business Segments
Business Segments Micro Irrigation Systems Solar EPC Services Q3 & 9M FY26 Investor Presentation 6
Slide 8: Leadership Driving Transformation And Growth
Leadership Driving Transformation And Growth Mr. Ramesh Khichadia Mr. Gopal Khichadia Mr. Ritesh Khichadia (Chairman and Managing Director) ( Director) (Whole-Time Director) • Mr. Ramesh Khichadia, holds a B. Tech in • Mr. Gopal Khichadia has over 25 years of • Mr. Ritesh Khichadia, holds a BTech in
Slide 9: The Journey Of Micro-irrigation In Sustainable Farming
The Journey Of Micro-irrigation In Sustainable Farming 2008 1997 Special Recognition Company was Award conferred by 2013 2016 2024 incorporated the Government of Initial Public Achieved a Initiation of new India for Offering (IPO) revenue factory Manufacturing and listing on milestone of constructio
Slide 10: State Of The Art Manufacturing Facility
State Of The Art Manufacturing Facility No. of Units: 3 Shapar (Veraval), Kurnool, Ahmedabad, near Rajkot, Gujarat Andhra Pradesh Gujarat (Upcoming) Drip line and HDPE Drip line, HDPE Pipes Irrigation accessories, Pipes and PVC Pipes HDPE Pipes and Drip line Utilizes combined capacity of 1,100 KW of
Slide 11: Industry & Business Overview
Industry & Business Overview
Slide 12: Micro-Irrigation: Efficient Water Management For Sustainable Growth
Micro-Irrigation: Efficient Water Management For Sustainable Growth Micro irrigation delivers water efficiently to plant root zones with reduced water volumes and lower pressure compared to traditional systems like sprinklers. It minimizes water loss through evaporation and runoff, utilizing methods
Slide 13: Micro-Irrigation - Empowering Agriculture Through Subsidies
Micro-Irrigation - Empowering Agriculture Through Subsidies Farmer Verification of design approaches Design layout and cost and cost and subsidy Farmer share Trial run and verification micro irrigation estimation given by estimation given by collection & signing by Government appointed Disbursal of
Slide 14: Types Of Micro Irrigation
Types Of Micro Irrigation Drip Irrigation Sprinkler Systems Drip irrigation is an efficient and precise watering system that delivers Sprinkler systems are irrigation systems designed to mimic natural rainfall water directly to the root zone of plants through a network of valves, pipes, by distribut
Slide 15: CPL's Drip Irrigation: Advanced Solutions For Agriculture
CPL's Drip Irrigation: Advanced Solutions For Agriculture Products under Drip Irrigation Emitting Pipe Inline Emitters Lateral Pipe Online Emitters Products under Sprinkler Irrigation Sprinkler Pipe Mini Sprinkler Sprinkler nozzles Q3 & 9M FY26 Investor Presentation 14
Slide 16: Comprehensive Solar EPC Services: From Design To Commissioning
Comprehensive Solar EPC Services: From Design To Commissioning Solar EPC (Engineering, Procurement, and Construction) is a comprehensive service that provides end-to-end solutions for solar power projects. This model encompasses the entire process of setting up a solar power plant, from initial plan
Slide 17: Accelerating Rooftop Adoption: Residential Solar on the Rise
Accelerating Rooftop Adoption: Residential Solar on the Rise PM Surya Ghar: Muft Bijli Yojana Milestone o 10.09 lakh installations completed by 10th March 2025. o Launched on 13th February 2024, targeting 1 Cr households with free rooftop solar electricity. o Contributes to climate change mitigation
Slide 18: PM Kusum Scheme - A Multibillion Dollar opportunity
PM Kusum Scheme - A Multibillion Dollar opportunity for Domestic Solar Pump Players PM Kusum Scheme Launched in 2019 the PM-KUSUM scheme is a flagship Government of India initiative aimed at de- dieselizing the agriculture sector, enhancing water security for farmers, and promoting the use of renewa
Slide 19: CPL's solar EPC services
CPL's solar EPC services Products under Solar EPC Rooftop mounted solar system Solar water pump Ground mounted solar system Applications Residential Commercial & Industrial Farming & Public Utilities Installation of rooftop solar systems Solar power systems for businesses, offices, commercial Solar
Slide 20: Q3 & 9M FY26 Financial Highlights
Q3 & 9M FY26 Financial Highlights
Slide 21: Q3 FY26 Consolidated Financial Highlights
Q3 FY26 Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 127 12 20 30 18 20 10 16 91 7 8 10 14 8 0 12 7 10 -10 7 8 -20 6 4 -30 4 -40 2 0 -50 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 All Figures In ₹ Cr & Margin In % Note: The Net Profit in 9M FY
Slide 22: 9M FY26 Consolidated Financial Highlights
9M FY26 Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 278 32 211 25 18 12 12 10 5 6 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 All Figures In ₹ Cr & Margin In % Note: The Net Profit in 9M FY25 included as exceptional gain of ₹15.61 Cr hence the
Slide 23: Q3 & 9M FY26 Consolidated Profit & Loss Statement
Q3 & 9M FY26 Consolidated Profit & Loss Statement In ₹ Cr Particulars Q3 FY25 Q3 FY26 YoY 9M FY25 9M FY26 YoY Revenue 126.33 90.25 275.80 208.39 Other Income 0.89 0.65 1.73 2.28 Total Income 127.22 90.90 39.95% 277.53 210.67 31.74% Raw Material Costs 94.85 63.26 203.00 146.62 Employee Costs 4.41 3.7
Slide 24: Management's Comment On Q3 & 9M FY26 Performance
Management's Comment On Q3 & 9M FY26 Performance “We are pleased to report that we achieved the highest ever quarterly revenue and profit in company’s history during Q3 FY26. Our total income increased by 40% YoY to INR 127 crores driven by healthy volume growth in both micro irrigation and solar EP
Slide 25: Financial Overview
Financial Overview
Slide 26: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Total Comprehensive Income Total Comprehensive Income Margin 35 35 31 298 290 227 20 17 12 12 11 9 6 6 3 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 All Figures In ₹ Cr & Margin In % Q3 & 9M FY26 Investor Presentation 25
Slide 27: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY25 FY24 FY23 Revenues 286.84 294.32 224.60 Other Income 2.93 3.38 2.89 Total Income 289.77 297.70 227.48 Raw Material Costs 200.60 206.97 167.54 Employee Costs 14.74 12.62 10.44 Other Expenses 39.32 42.94 29.75 Total Expenditure 254.66 262.5
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY25 FY24 FY23 Assets FY25 FY24 FY23 Equity 11.51 10.58 10.07 Non Current Assets Reserves 137.85 84.88 62.29 Fixed Assets 17.51 15.23 13.70 Non Controlling Interests 0.00 0.00 0.00 Other Non Current Financial Assets 3.07 5.02 4.10 Net Worth 1
Slide 29: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement In ₹ Cr Particulars FY25 FY24 FY23 Cashflow from Operations 8.95 -13.69 11.27 Cashflow from Investments 9.28 -1.60 1.55 Cashflow from Financing -21.89 15.58 -12.85 Q3 & 9M FY26 Investor Presentation 28
Slide 30: Consolidated Key Ratios
Consolidated Key Ratios (In %) (In %) ROE ROCE 20.34 17.39 16.53 15.09 11.04 7.60 FY23 FY24 FY25 FY23 FY24 FY25 (In Times) Debt to Equity Interest Coverage (In Times) 1.12 1.07 3.29 2.99 1.82 0.45 FY23 FY24 FY25 FY23 FY24 FY25 Q3 & 9M FY26 Investor Presentation 29
Slide 31: Consolidated Key Ratios
Consolidated Key Ratios (In Times) (In Times) Current Ratio Inventory Turnover Ratio 2.14 1.61 1.59 5.98 5.12 3.80 FY23 FY24 FY25 FY23 FY24 FY25 (In ₹) (In ₹ Cr) Earnings Per Share Net Worth 149.36 5.54 95.45 3.36 72.36 1.18 FY23 FY24 FY25 FY23 FY24 FY25 Q3 & 9M FY26 Investor Presentation 30
Slide 32: Stock Data
Stock Data As on 06-02-2026 As on 31-12-2025 BSE: CPL | 536974 | INE536P01021 Share Holding Pattern Share Price (₹) 77.21 31.21% Market Capitalization (₹ Cr) 462.71 Promoter & Promoter Group No. of Shares Outstanding 5,99,28,790 Public Face Value (₹) 2.00 68.79 52 Week High-Low (₹) 107.90 – 58.41 Sh
Slide 33: Why Captain Polyplast
Why Captain Polyplast
Slide 34: Core Strengths: Unlocking Potential Through Expertise
Core Strengths: Unlocking Potential Through Expertise Efficiently utilizing resources. Robust marketing and Diverse array distribution of products infrastructure IOCL's Delivering channel tailored partner for value-added polymer services products in Gujarat Strong and adaptable Experienced business
Slide 35: Future Growth Strategy: Paving the Way for Long-Term Success
Future Growth Strategy: Paving the Way for Long-Term Success Growth in Solar EPC vertical will help diversify revenue base Expecting better utilization of the capacity, thereby improving the bottom line Network expansion within and outside the country Increase mix of commercial sales (non-subsidy MI
Slide 36: New Factory Construction Near Ahmedabad
New Factory Construction Near Ahmedabad Land Acquisition Details: • Announced: 17th October 2023 • Location: Near Ahmedabad • Total Land Area: 3,30,000 Sq. Ft Construction Commencement: • Factory Size: 70,000 sq. ft. • Start Date: 31st March 2024 Project Timeline: • Expected Completion: Fourth Quart
Slide 37: Investment Rationale
Investment Rationale Strong Financial Performance The company has demonstrated strong growth, with a Total Income CAGR of 12.86%, an impressive EBITDA CAGR of 33.31%, and a Total Comprehensive Income CAGR of 129.35%, highlighting its operational efficiency and strong profitability potential. Diverse
Slide 38: Thank You
Thank You Captain Polyplast Limited Survey No. 267, Plot No. 10-A & 11,N.H. 27, Captain Gate, Shapar - Veraval.Dist: Rajkot - 360024. Gujarat – India E-mail: info@captainpolyplast.in Phone: +91 99090 35390 Website: www.captainpolyplast.in Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagl