BSE:536974

Stock Analysis Report

Executive Summary

Captain Polyplast Limited manufactures and sells micro irrigation systems and allied products in India.


Snowflake Analysis

Solid track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Captain Polyplast's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 536974's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.2%

536974

-1.5%

IN Machinery

-1.1%

IN Market


1 Year Return

0.8%

536974

-40.8%

IN Machinery

-31.7%

IN Market

Return vs Industry: 536974 exceeded the Indian Machinery industry which returned -39.8% over the past year.

Return vs Market: 536974 exceeded the Indian Market which returned -30.7% over the past year.


Shareholder returns

536974IndustryMarket
7 Day4.2%-1.5%-1.1%
30 Day-12.5%-29.2%-25.1%
90 Day-19.1%-34.0%-30.6%
1 Year0.9%0.8%-39.7%-40.8%-30.3%-31.7%
3 Year-6.0%-6.4%-38.9%-41.4%-20.1%-24.4%
5 Year239.2%234.9%-27.3%-31.8%-11.0%-15.7%

Price Volatility Vs. Market

How volatile is Captain Polyplast's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Captain Polyplast undervalued compared to its fair value and its price relative to the market?

10.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 536974 (₹26.2) is trading above our estimate of fair value (₹0.39)

Significantly Below Fair Value: 536974 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 536974 is poor value based on its PE Ratio (10.4x) compared to the Machinery industry average (9.9x).

PE vs Market: 536974 is poor value based on its PE Ratio (10.4x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 536974's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 536974 is overvalued based on its PB Ratio (2.9x) compared to the IN Machinery industry average (0.8x).


Next Steps

Future Growth

How is Captain Polyplast forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Captain Polyplast has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Captain Polyplast performed over the past 5 years?

27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 536974 has high quality earnings.

Growing Profit Margin: 536974's current net profit margins (6.7%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 536974's earnings have grown significantly by 27.3% per year over the past 5 years.

Accelerating Growth: 536974's earnings growth over the past year (133.9%) exceeds its 5-year average (27.3% per year).

Earnings vs Industry: 536974 earnings growth over the past year (133.9%) exceeded the Machinery industry -6.2%.


Return on Equity

High ROE: Whilst 536974's Return on Equity (28.17%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Captain Polyplast's financial position?


Financial Position Analysis

Short Term Liabilities: 536974's short term assets (₹1.7B) exceed its short term liabilities (₹1.5B).

Long Term Liabilities: 536974's short term assets (₹1.7B) exceed its long term liabilities (₹96.3M).


Debt to Equity History and Analysis

Debt Level: 536974's debt to equity ratio (170%) is considered high.

Reducing Debt: 536974's debt to equity ratio has increased from 104.7% to 170% over the past 5 years.

Debt Coverage: 536974's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 536974's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Captain Polyplast's current dividend yield, its reliability and sustainability?

0.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 536974's dividend (0.15%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.95%).

High Dividend: 536974's dividend (0.15%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: 536974 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 536974 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 536974 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 536974's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Rameshbhai Khichadia (53yo)

6.42s

Tenure

₹4,596,156

Compensation

Mr. Rameshbhai Devrajbhai Khichadia has been Managing Director of Captain Polyplast Limited since November 9, 2013 and has been its Chairman since March 27, 1997. Mr. Khichadia has over 25 years of experie ...


CEO Compensation Analysis

Compensation vs Market: Rameshbhai's total compensation ($USD60.30K) is about average for companies of similar size in the Indian market ($USD47.81K).

Compensation vs Earnings: Rameshbhai's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rameshbhai Khichadia
Chairman & MD6.42yrs₹4.60m31.26% 412.6m
Kaushik Mori
Chief Financial Officer4.17yrs₹1.02m0.054% 707.3k
Khyati Mehta
Company Secretary & Compliance Officerno data₹194.99k0.0025% 32.7k
Ashokbhai Patel
Whole Time Director23.08yrs₹346.07k0.034% 450.9k
Anil Kaushik
General Manager of Marketing6.67yrsno datano data

6.4yrs

Average Tenure

52yo

Average Age

Experienced Management: 536974's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rameshbhai Khichadia
Chairman & MD6.42yrs₹4.60m31.26% 412.6m
Ashokbhai Patel
Whole Time Director23.08yrs₹346.07k0.034% 450.9k
Gopalbhai Khichadia
Director23.08yrsno data16.05% 211.8m
Harshadray Patel
Independent Director6.42yrs₹14.00k0.054% 707.3k
Anjana Paghadar
Independent Director4.92yrs₹14.00kno data

23.1yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 536974's board of directors are seasoned and experienced ( 23.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

Captain Polyplast Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Captain Polyplast Limited
  • Ticker: 536974
  • Exchange: BSE
  • Founded: 1997
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: ₹1.320b
  • Shares outstanding: 50.38m
  • Website: https://www.captainpolyplast.com

Number of Employees


Location

  • Captain Polyplast Limited
  • Survey No. 267
  • Plot No. 10-A & 11
  • Rajkot
  • Gujarat
  • 360024
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
536974BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2013
536974BSE (Mumbai Stock Exchange)INR2 (POST SUB DIVISION)ININRSep 2018

Biography

Captain Polyplast Limited manufactures and sells micro irrigation systems and allied products in India. The company provides irrigation equipment, such as drip irrigation systems, irrigation laterals, compression fittings, valves, irrigation filters, venture injectors, sprinkler irrigation systems, and mulch films; solar systems, which include solar water pumping systems, solar fence energizers, solar water heaters, and solar street light systems; fertilizers; polymers; and pipe and fittings. It also offers HDPE pipes; disc, screen, hydro-cyclone, and sand (gravel) filters; fertilizer tanks; digital controllers; and pressure gauges, etc. In addition, the company installs micro irrigation systems; and offers agronomical services to farmers. Captain Polyplast Limited was incorporated in 1997 and is headquartered in Rajkot, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 14:47
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.