Captain Polyplast Ltd will participate in the Arihant Bharat Connect Conference: Rising Stars - 2026, an investor conference scheduled for Tuesday, September 29, 2026, at 12:00 pm. The interaction will be conducted via a virtual meeting format.

The company filed this intimation with BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of material events, including participation in investor conferences, to ensure fair market access for all stakeholders.

Conference Details

Disclosure Compliance

Captain Polyplast stated that no unpublished price-sensitive information relating to the company will be disclosed during these interactions with analysts and institutional investors. This assurance aligns with standard corporate governance practices to prevent selective disclosure violations.

The company’s Managing Director, Rameshbhai D. Khichadia, signed the official communication dated September 22, 2026. Captain Polyplast is an ISO 9001:2008 certified manufacturer specializing in drip, sprinkler, and mini sprinkler irrigation systems.

Captain Polyplast has secured a confirmed work order valued at ₹47.0 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 2,000 off-grid solar water pumping systems under the PM Kusum B scheme.

ORDER IN FINANCIAL CONTEXT

The ₹47.0 crore order represents approximately 43.5% of the company's average quarterly revenue of ₹107.90 crore. This win significantly boosts the immediate order book. The total disclosed order book now sums to ₹82.40 crore across the three orders disclosed in the last three fiscal quarters. This provides an order book coverage of approximately 0.76 quarters of average quarterly revenue.

COMPANY ORDER TRACK RECORD

Order inflow has accelerated sharply in the current quarter compared to the prior two quarters. The ₹47.0 crore order is notably larger than the typical per-order size seen in recent history. All recent orders have been awarded by MSEDCL, indicating deep client concentration in state utility projects.

Note: The Q2FY27 inflow includes the newly disclosed ₹47.0 crore order plus the previously reported ₹23.60 crore order for that quarter.

EXECUTION AND REVENUE QUALITY

Revenue recognition has shown variability over the last three quarters. Q1FY27 revenue was ₹81.70 crore with an OPM of 11.52%, lower than Q4FY26's ₹142.40 crore but maintaining healthy margins. The company continues to generate positive net profits, though at a reduced rate in the most recent quarter.

REVENUE GROWTH - ORDER WINS TRANSLATING TO REVENUE

As Captain Polyplast has sustained order wins, particularly in the solar infrastructure segment, its annual revenue has grown from ₹289.80 crore in FY25 to ₹419.70 crore in FY26, representing a YoY growth of +44.8% based on the latest annual data. This historical growth trajectory supports the capacity to execute larger contracts like the current one.

WORKING CAPITAL AND EXECUTION CAPACITY

The balance sheet remains robust with a current ratio of 2.14x, indicating strong liquidity to fund working capital needs for this execution-intensive project. Total Liabilities/Equity stands at 0.82x, reflecting a conservative capital structure. However, operating cashflow was negative at -₹22.40 crore in FY26, suggesting that while profitable on paper, cash conversion cycles may be stretched due to receivables or inventory buildup typical in large infrastructure projects.