Captain Polyplast Ltd. – Company Report
1. Company Overview
Captain Polyplast Ltd., established in 1993 and headquartered in Ahmedabad, Gujarat, is a well-regarded Indian manufacturer specializing in micro-irrigation systems. The company provides advanced irrigation solutions including drip irrigation, sprinklers, and related accessories aimed at enhancing water efficiency and agricultural productivity. Known for its commitment to sustainable agriculture and water conservation, Captain Polyplast has developed a significant presence both domestically and internationally across agricultural and horticultural sectors.
The company operates modern manufacturing facilities with integrated production capabilities and a strong emphasis on research and development. Under the leadership of experienced management, Captain Polyplast also diversifies into renewable energy technologies, aligning with government initiatives in sustainability and clean energy.
- Incorporated: 1997
- Headquarters: Rajkot, Gujarat, India
- Core Business: Micro-irrigation solutions
- Export Markets: Middle East, Africa, and Asia
- Leadership: Ramesh Khichadia
2. Products and Services
Captain Polyplast Ltd. offers a comprehensive product range designed to support efficient and sustainable irrigation practices:
Micro-irrigation Products:
- Drip irrigation systems and components
- Sprinkler systems and accessories
- Pipe fittings, filters, valves, and control mechanisms
- Customizable irrigation solutions for agriculture, horticulture, and landscaping
Renewable Energy and EPC Services:
- Engineering, Procurement, and Construction (EPC) for solar power projects
- Residential rooftop solar installations
- End-to-end project execution for distributed renewable energy systems
- Integration of sustainable energy solutions complementing irrigation technologies
Other Services:
- Technical consultancy in irrigation design and water management
- After-sales support and maintenance services
- Training and capacity building for efficient water use and energy systems
Captain Polyplast’s product and service portfolio supports growers in improving water management, crop yields, and reducing resource inputs through technology-driven solutions.
3. Recent News and Financial Performance
Business Developments:
July 26, 2025: Captain Polyplast has received a Letter of Acceptance (LOA) from Dakshin Gujarat Vij Company for its empanelment as a vendor under Component-B of the PM-KUSUM scheme in Gujarat. The empanelment authorizes the company to supply off-grid standalone solar photovoltaic water pumping systems, reinforcing its position in the renewable energy-driven agricultural solutions segment. Component-B of the PM-KUSUM scheme focuses on deploying standalone solar pumps to reduce the dependence of farmers on grid power and diesel.
August 18, 2025: 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.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue | ₹287 crore |
| Net Profit | ₹18.9 crore |
| EBIT Margin | 11% |
| Net Profit Margin | 6.5% |
| EPS | ₹5.44 |