Captain polyp last Ltd (Multi bagger Stock 2024)

About Captain Polyp last

Captain Polyp last specialize in producing, exporting, and trading top-tier HDPE Pipes and Irrigation Equipment. Our product range encompasses a wide variety of offerings, including Drip Irrigation Systems, Sprinkler Irrigation Systems, Disc Filters, Screen Filters, Hydro-Cyclone Filters, Sand (Gravel) Filters, Compression Fittings, Valves (Electric & Mechanical), Fertilizer Tanks, Digital Controllers, Pressure Gauges, and more.

To ensure the quality and diversity of our offerings, we import various irrigation components from the international market. Since the term 'irrigation systems' is a broad category, you can be confident that our product selection is extensive enough to meet a wide spectrum of your irrigation-related requirements.

Captain Polyplast Limited (CPL). CPL, incorporated in 1997, is a prominent player in the micro irrigation industry known for its high-quality products and an extensive distribution network. The company operates manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh), emphasizing its commitment to providing a comprehensive range of micro irrigation solutions.

Additionally, CPL has diversified its business activities by entering the fast-growing solar EPC (Engineering, Procurement, and Construction) market and engaging in polymer marketing. This diversification suggests a strategic approach to expanding its business beyond micro irrigation.

The company's strong presence is reflected in its marketing and distribution network, covering 16 states in India, which reportedly accounts for approximately 90% of the micro irrigation market in the country. Furthermore, CPL has expanded its reach globally by exporting its products to countries in Africa, Latin America, and the Middle East.

CPL provides insights into the company's manufacturing facilities and operational aspects:

Modern Plants Location: CPL has established modern manufacturing plants at two locations—National Highway 27 at Shapar (Veraval) near Rajkot, Gujarat, and Kurnool, Andhra Pradesh. This strategic placement likely enables efficient production and distribution capabilities.

Technologically Advanced Infrastructure: The company has invested in cutting-edge technology by incorporating hi-tech machinery and tools in its manufacturing process. The mention of Dripline machinery from Israel and the USA suggests a commitment to using top-notch equipment for quality production.

Client-Centric Approach: CPL positions itself as a client-centric organization, emphasizing its dedication to meeting the specific requirements of its clients. The ability to custom design products according to client specifications suggests flexibility and adaptability to diverse market demands.

Global Client Base: The company has successfully expanded its market reach globally and boasts a substantial client base in the international market. This achievement is attributed to the quality of their products and their capacity to fulfill bulk requirements, indicating a strong reputation and reliability in the global market.

Renewable Energy Utilization: CPL is environmentally conscious, as evidenced by the use of 1MW of captive wind turbine. This suggests a commitment to sustainable practices and reducing the environmental impact of its operations.

Strength of Polyplast

Optimal Utilization of Resources: The optimal utilization of resources suggests that CPL efficiently manages its inputs, ensuring cost-effectiveness and sustainability in its operations.

Experienced Management Team: The presence of an experienced management team is a crucial strength, as it indicates effective leadership, strategic decision-making, and the ability to navigate the complexities of the business environment.

Robust and Scalable Business Model: A robust and scalable business model implies that CPL has a well-defined plan for generating revenue and can adapt to growth opportunities without compromising its efficiency.

Strong Marketing and Distribution Network: CPL's strong marketing and distribution network, covering 16 states in India and global markets, is a significant strength. It indicates the company's ability to reach a wide customer base, ensuring market penetration and product visibility.

Diversified Product Portfolio: The diversification of CPL into the solar EPC market and polymer marketing broadens its product portfolio. Diversification can provide a hedge against market fluctuations and enhance overall business resilience.

Channel Partner of IOCL for Polymer Products in Gujarat: Being a channel partner of Indian Oil Corporation Limited (IOCL) for polymer products in Gujarat is a strategic advantage. This partnership likely provides CPL with access to a reliable source of raw materials, distribution channels, and market credibility.

List Of Products :

Drip Irrigation System
Drippers & Laterals
Sprinklers
Mini | Micro Sprinklers
Irrigation Accessories
Compression Fittings
Control Valves
Irrigation Filters
Fertigation equipment
Greenhouse
Mulch Films
Other Solar Products
Solar Water Pumps
Solar Fence Energizer
Solar Water Heater
Solar Street Light System
Water Soluble Fertilizer
Polymer
Pipes & Fittings

Rounding Bottom formation on chart

Revenue Breakup

CPL manufactures and trades high density polyethylene pipes and irrigation systems. It has manufacturing facilities in Rajkot and Kurnool. CPL is engaged in MIS (85%-90% of the total sales), solar plants designing and installation (5%-10%) and acts as a del-credere agent (2%-3%) for Indian Oil Corporation (‘IND AAA’/Stable) in Gujarat. The MIS sold by CPL are eligible for subsidy under the 'Per Drop More Crop' scheme under the Pradhan Mantri Krushi Sinchay Yojna sponsored by the Central government. CPL sells to farmers across 16 states in India through dealers.

Compounded Sales Growth

10 Years: 14%

5 Years: 13%

3 Years: 6%

TTM: 37%

Compounded Profit Growth

10 Years: 8%

5 Years: 0%

3 Years: -24%

TTM: 276%

Captain Poly plast Product

Captain Poly plast Limited (CPL) operates in a diverse range of business segments, showcasing its versatility and market presence. Here's an overview of the different business segments in which CPL is involved:

Drip Irrigation Systems:

Description: Drip irrigation involves the controlled delivery of water directly to the base of plants, minimizing water wastage and promoting efficient water usage.

Sprinkler Systems:

Description: Sprinkler systems are designed to distribute water over crops or landscaping in a manner similar to natural rainfall, providing uniform coverage.

Solar EPC Services:

Description: Solar Engineering, Procurement, and Construction (EPC) services involve the design, installation, and commissioning of solar power systems.

Polymer Products:

Description: This segment likely involves the manufacturing and distribution of various polymer-based products. Specific products could include pipes, fittings, and other items made from polymer materials.

Emitting Pipe | Lateral Pipe | Emitters Header | Assembly:

Description: These products are components of drip irrigation systems, including pipes and emitters used for controlled water distribution.

Brass Sprinklers | Mini Sprinkler | Sprinkler Pipe:

Description: These products are related to sprinkler systems and may include various types of sprinklers, pipes, and components.

Solar Pumps | Solar Power Projects | Solar Water Heater:

Description: CPL's involvement in solar pumps, solar power projects, and solar water heaters indicates a presence in the renewable energy sector, offering a range of solar-based solutions.

Polypropylene (PP Granules) | Polyethylene (PE Granules):

Description: This segment likely involves the production or distribution of polypropylene and polyethylene granules, which are raw materials used in the manufacturing of various plastic products.

Future Growth Riders

The outlined strategies for Captain Polyplast Limited (CPL) indicate a comprehensive approach to enhance its business operations, financial performance, and market presence. Let's delve into the key points:

Increase Mix of Commercial Sales (Non-subsidy MI Sales, PVC Pipes, Exports):

Objective: This strategy aims to diversify revenue sources by focusing on commercial sales in non-subsidy micro irrigation, PVC pipes, and exports.

Benefits: Diversifying product offerings and markets can lead to a more resilient business model, reducing dependence on specific segments or regions. It also aligns with the goal of minimizing working capital requirements.

Working Capital Reduction:

Objective: The expectation of better capacity utilization suggests a more efficient use of resources, potentially leading to a reduction in working capital needs.

Benefits: Improved capacity utilization can enhance operational efficiency, reduce idle resources, and contribute to a more favorable working capital position. This, in turn, supports better cash flow management.

Growth in Solar EPC Vertical:

Objective: Expanding the Solar EPC vertical is a strategic move to diversify the revenue base beyond the core micro irrigation business.

Benefits: Diversification into the solar sector can provide CPL with exposure to a rapidly growing market. Additionally, the renewable energy focus aligns with sustainability trends and can contribute to a more environmentally friendly corporate image.

Network Expansion Within and Outside the Country:

Objective: Expanding the network domestically and internationally suggests a focus on reaching new markets and customers.

Benefits: Network expansion enhances market reach, customer acquisition, and brand visibility. It positions CPL for future growth by tapping into new geographical regions and potentially untapped markets.

This is our multi bagger stock and can easily double from here our first target is 60

Captain polyp last Ltd (Multi bagger Stock 2024)