Captain Polyplast Q4 net profit rises 84% to ₹9.61 Cr

Captain Polyplast reported a strong financial performance for the quarter and year ended March 31, 2026, driven by its micro-irrigation and solar EPC businesses. On a consolidated basis, the company’s net profit for Q4 FY26 rose 84% to ₹9.61 Cr, compared to ₹4.96 Cr in the corresponding period of the previous year. Total income for the quarter grew by 80% year-on-year to ₹142.22 Cr, supported by robust operational execution and new order wins in the solar segment.

For the full financial year FY26, the company reported a consolidated net profit of ₹27.26 Cr. Total income for the year increased to ₹419.75 Cr from ₹289.77 Cr in the previous year. The company’s EBITDA for the year stood at ₹46.32 Cr. The operationalisation of the new Ahmedabad facility is expected to support better efficiencies and strengthen the long-term growth outlook.

Business Highlights

The company operates through three primary segments: Micro Irrigation Systems, Solar EPC Services, and Polymer Marketing (IOCL). The solar segment secured an order from MSEDCL for 300 off-grid solar water pumping systems during the quarter. Management highlighted that growth in the Solar EPC vertical will help diversify the revenue base, while the company continues to expand its state empanelments for micro-irrigation projects.

Financial Performance

The consolidated financial results for the quarter and year ended March 31, 2026, are summarized below:

Particulars	Q4 FY26 (₹ Cr)	Q4 FY25 (₹ Cr)	FY26 (₹ Cr)	FY25 (₹ Cr)
Income
Revenue From Operations	141.47	78.45	417.27	286.84
Other Income	0.74	0.65	2.47	2.93
Total Income	142.22	79.10	419.75	289.77
Expenses
Total Expenditure	128.05	70.54	373.43	254.66
Profit/Loss
EBITDA	14.16	8.56	46.32	35.11
Net Profit	9.61	4.96	27.26	31.32

The company’s net worth stood at ₹191.43 Cr as of March 31, 2026. Captain Polyplast remains focused on improving execution efficiency and leveraging government schemes such as PM-KUSUM to drive adoption of its solar and irrigation solutions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.75%	-7.79%	-17.57%	-16.62%	-8.50%	+75.59%

Captain Polyplast Limited’s board has approved a proposal to list its equity shares on the National Stock Exchange of India (NSE), a move aimed at enhancing the company's market accessibility. The decision was taken during a board meeting held on May 25, 2026, and remains subject to receiving necessary regulatory approvals.

The board meeting, which commenced at 4:30 pm and concluded at 5:00 pm on Monday, considered the listing proposal as a key agenda item. The approval marks a significant step for the company, which currently lists its shares on the BSE.

Key Meeting Details

Agenda Item	Description
Proposal	Listing of equity shares on NSE
Status	Approved, subject to regulatory approvals
Meeting Date	May 25, 2026
Meeting Duration	4:30 pm to 5:00 pm

The intimation regarding this decision was submitted to the stock exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Rameshbhai D. Khichadia signed the disclosure on behalf of captain polyplast .

Following the board's approval, the company will now proceed to secure the required clearances from regulatory authorities to facilitate the listing process.