Synopsis:
Captain Polyplast jumped sharply after receiving an order worth Rs 6 crore for the supply, installation, and commissioning of 200 Off-Grid DC Solar Photovoltaic Water Pumping Systems. This project is awarded by the Maharashtra Electricity Division under the PM Kusum Scheme.
The shares of this solar pump manufacturer are in focus after bagging an award worth Rs 6 crore. In this article, we will dive more into the details of the order. With a market capitalization of Rs 425 crore, the shares of Captain Polyplast Ltd reached a day high of Rs 71.93 per share, up by 2 percent from its previous day closing price of Rs 70.55 per share. Over the past five years, the stock has delivered an impressive return of 115 percent.
About the order
Captain Polyplast, through a stock exchange filing, announced that they’ve won a Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited. The scope of the work includes supplying, installing, and commissioning 200 Off-Grid DC Solar Photovoltaic Water Pumping Systems, valued at around Rs 5.97 crore (GST included), as part of the PM Kusum B Scheme “Magel Tyala Saur Krushi Pump” Yojana.
The project will cater to farmers across Maharashtra with 3HP, 5HP, and 7.5HP pumps, and it comes with a five-year warranty, maintenance, and remote monitoring. The whole thing is set to wrap up within a year, with installations expected to be completed within 60 days of receiving the work order
Also Read: Realty stock jumps 5% after company announces strong Q1 results
Financial Highlights
The company’s revenue for Q1 FY26 came in at Rs 69.74 crore, registering a 7.5 percent growth from Rs 64.89 crore in the same quarter last year. However, on a sequential basis, revenue declined by 11 percent from Rs 78.45 crore in Q4 FY25.
Coming to its profitability, the company reported a net profit growth of 34 percent to Rs 4.30 crore in Q1 FY26 as compared to Rs 3.20 crore in Q1 FY25. However, on a QoQ basis, it declined by 16 percent from Rs 5.12 crore.
The stock delivered an ROE and ROCE of 15.41 percent and 16.20 percent respectively, and is currently trading at a P/E of 22.20x as compared to its industry average of 23.54x.
Captain Polyplast Limited is a company that’s all about agriculture. They design and sell drip and sprinkler irrigation systems, along with pipes, filters, and other handy accessories that help farmers conserve water and increase their crop yields. On top of that, they offer solar products like pumps, heaters, and streetlights, as well as water-soluble fertilizers.
The company also deals in polymers under the Propel brand, which are used in packaging, pipes, and films. Beyond just selling products, they install irrigation systems and provide farmers with advisory services to help them adopt better farming practices.
Written by Satyajeet Mukherjee
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Stock under ₹100 jumps after receiving ₹6 Cr order from the Govt of Maharashtra appeared first on Trade Brains.