Captain Polyplast Ltd. · BSE:CPL
Captain Polyplast — Q2 FY25 Earnings Presentation
37 slides from Captain Polyplast's earnings presentation, Dec 9, 2024
Slide 1: BSE filing cover letter for Q2-FY25 investor presentation
Date: 09/12/2024 To, Department of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street Mumbai—400 001 Reg: Captain Polyplast Limited (Scrip Code: 536974/Scrip ID: CPL) Sub: INVESTOR PRESENTATION FOR Q2-FY25. Dear Sir/Madam, Pursuant to regulation 30 of the Security and Exchange Bo
Slide 2: Captain Polyplast Limited Q2 FY25 Investor Presentation
Captain Polyplast Limited Q2 FY25 Investor Presentation
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Captain Polyplast Limited (CPL, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Company Overview
Company Overview
Slide 5: Empowering Agriculture: Captain Polyplast Ltd.'s Micro Irrigation Solutions
Empowering Agriculture: Captain Polyplast Ltd.'s Micro Irrigation Solutions ❑ Established in 1997, CPL is a leading player in the micro irrigation industry with over 25 years of experience. ❑ Operates manufacturing facilities in Rajkot, Gujarat, and Kurnool, Andhra Pradesh. ❑ Specializes in manufact
Slide 6: Key Facts
Key Facts 25+ 2 170 Mn Mts 13000 MT Years Of Experience Manufacturing Units Dripline Other Products Installed Capacity Installed Capacity 750 16 States 325 Dealers Domestic Presence Team Members FY24 Consolidated Key Financial Highlights Revenue EBITDA PAT ₹ 294.32 Cr ₹ 35.16 Cr ₹ 17.78 Cr Y-O-Y of
Slide 7: Business Segments
Business Segments Micro Irrigation Systems Solar EPC Services Polymer Marketing (IOCL) Q1 FY25 Investor Presentation 6
Slide 8: Board Of Directors
Board Of Directors Mr. Ramesh Khichadia Mr. Gopal Khichadia Mr. Ritesh Khichadia (Chairman and Managing Director) ( Director) (Whole-Time Director) • Mr. Ramesh Khichadia, holds a B. Tech in • Mr. Gopal Khichadia has over 25 years of • Mr. Ritesh Khichadia, holds a BTech in Agriculture Engineering f
Slide 9: Company Journey
Company Journey 2024 2008 Initiation of 1997 2016 new factory Company Special 2013 construction Recognition Achieved a was Initial near Award revenue incorporated Public Ahmedabad conferred by Offering 2015 milestone the Government 2012 (IPO) and Received the of ₹ 1,000 as of 31st March 2024 of Indi
Slide 10: State Of The Art Manufacturing Facility
State Of The Art Manufacturing Facility No. of Units: 2 Shapar (Veraval), Kurnool, near Rajkot, Gujarat Andhra Pradesh Drip line Capacity: 170 Million meters / year Drip line, HDPE Pipes and PVC Pipes Capacity: 9,000 MT / year HDPE Pipes Capacity: 4,000 MT / year Utilizes 1MW of captive wind turbine
Slide 11: Industry & Business Overview
Industry & Business Overview
Slide 12: Micro Irrigation
Micro Irrigation Micro irrigation delivers water efficiently to plant root zones with reduced water volumes and lower pressure compared to traditional systems like sprinklers. It minimizes water loss through evaporation and runoff, utilizing methods such as drip irrigation and micro-sprinklers, bene
Slide 13: Indian Market - Micro Irrigation
Indian Market - Micro Irrigation The Department of Agriculture & Farmers Welfare launched the Per Drop More Crop (PDMC) scheme under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) from 2015-16 to 2021-22. It aims to boost water use efficiency at the farm level through Micro Irrigation like Drip
Slide 14: Evolution Of Micro Irrigation Scheme In India
Evolution Of Micro Irrigation Scheme In India Rural Infrastructure Rashtriya National Development Krishi Vikas Mission on Fund Yojna (RKVY) Sustainable Pradhan National National Agriculture Mantri Centrally Food Mission on Krishi Sponsored Integrated Security Micro irrigation Sinchayee Scheme on Sch
Slide 15: Micro Irrigation - Subsidy Model
Micro Irrigation - Subsidy Model Farmer Verification of design approaches Design layout and cost and cost and subsidy Farmer share Trial run and verification micro irrigation estimation given by estimation given by collection & signing by Government appointed Disbursal of company the company regulat
Slide 16: Types Of Micro Irrigation
Types Of Micro Irrigation Drip Irrigation Sprinkler Systems Drip irrigation is an efficient and precise watering system that delivers Sprinkler systems are irrigation systems designed to mimic natural rainfall water directly to the root zone of plants through a network of valves, pipes, by distribut
Slide 17: CPL's Drip Irrigation: Products & Applications
CPL's Drip Irrigation: Products & Applications Products under Drip Irrigation Emitting Pipe Inline Emitters Lateral Pipe Online Emitters Products under Sprinkler Irrigation Sprinkler Pipe Mini Sprinkler Sprinkler nozzles Q1 FY25 Investor Presentation 16
Slide 18: Solar EPC
Solar EPC Solar EPC (Engineering, Procurement, and Construction) is a comprehensive service that provides end-to-end solutions for solar power projects. This model encompasses the entire process of setting up a solar power plant, from initial planning and design to the final installation and commiss
Slide 19: Solar Indian Market
Solar Indian Market Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) Scheme: Component-A As of 31.12.2022, 88.45 MW capacity solar power plants were installed. Component-C Component-B 1174 pumps were Approximately 1.81 solarized under the lakh stand-alone individual pump solar p
Slide 20: CPL's solar EPC services
CPL's solar EPC services Products under Solar EPC Rooftop mounted solar system Solar water pump Applications Residential Commercial & Industrial Utility-Scale Installation of rooftop solar systems Solar power systems for businesses, Development of solar farms and for individual homes. offices, comme
Slide 21: Financial Overview
Financial Overview
Slide 22: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Total Comprehensive Income Total Comprehensive Income Margin 71.02 12.41 30.18 10.82 53.92 7.68 6.69 16.21 5.33 3.75 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 All Figures In ₹ Cr & Margin In % Q1 FY25 Investor Presentation 21
Slide 23: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Total Comprehensive Income 144.44 Total Comprehensive Income Margin 15.82 119.59 13.51 19.32 11.3 16.29 10.95 7.6 5.4 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 All Figures In ₹ Cr & Margin In % Q1 FY25 Investor Presentation 22
Slide 24: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Revenues 53.26 70.33 118.15 142.95 Other Income 0.66 0.69 1.44 1.50 Total Income 53.92 71.02 119.59 144.44 Raw Material Costs 35.57 51.30 83.36 102.92 Employee Costs 3.58 3.09 6.87 6.07 Other Expenses 8.08 8.96
Slide 25: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Total Comprehensive Income Total Comprehensive Income Margin 35.16 297.7 17.4 227.48 187.16 19.76 17.44 11.81 5.96 5.97 9.32 8.69 4.37 2.65 1.48 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Figures In ₹ Cr & Margin In % Q1 FY25
Slide 26: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY24 FY23 FY22 Revenues 294.32 224.60 185.17 Other Income 3.38 2.89 1.99 Total Income 297.70 227.48 187.16 Raw Material Costs 206.97 167.54 136.87 Employee Costs 12.62 10.44 9.30 Other Expenses 42.94 29.75 23.54 Total Expenditure 262.54 207.73
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 10.57 10.07 10.07 Non Current Assets Reserves 84.88 62.29 56.15 Fixed Assets 15.23 13.70 15.36 Non Controlling Interests 0.00 0.00 0.00 Non Current Investments 5.02 4.10 3.32 Net Worth 95.45 72.36 6
Slide 28: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement In ₹ Cr Particulars FY24 FY23 FY22 Cashflow from Operations -13.72 11.27 11.58 Cashflow from Investments -1.60 1.55 4.37 Cashflow from Financing 15.58 -12.85 -13.81 Q1 FY25 Investor Presentation 27
Slide 29: Consolidated Key Ratios
Consolidated Key Ratios (In %) (In %) ROE ROCE 18.63 16.53 11.04 8.34 9.20 4.25 FY22 FY23 FY24 FY22 FY23 FY24 (In Times) Debt to Equity Interest Coverage (In Times) 1.29 1.12 2.99 1.07 1.82 1.38 FY22 FY23 FY24 FY22 FY23 FY24 Q1 FY25 Investor Presentation 28
Slide 30: Consolidated Key Ratios
Consolidated Key Ratios (In Times) (In Times) Current Ratio Inventory Turnover Ratio 1.73 1.68 5.98 3.80 3.10 1.61 FY22 FY23 FY24 FY22 FY23 FY24 (In ₹) (In ₹ Cr) Earnings Per Share Net Worth 3.43 95.45 72.36 64.89 1.18 0.55 FY22 FY23 FY24 FY22 FY23 FY24 Q1 FY25 Investor Presentation 29
Slide 31: Stock Data
Stock Data As on 06-12-2024 As on 30-09-2024 BSE: CPL | 536974 | INE536P01021 Share Holding Pattern Share Price (₹) 67.37 30.48% Market Capitalization (₹ Cr) 373.08 Promoter & Promoter Group No. of Shares Outstanding 5,53,78,790 Public Face Value (₹) 2.00 69.52% 52 week High-Low (₹) 86.00 – 31.20 Sh
Slide 32: Why Captain Polyplast
Why Captain Polyplast
Slide 33: Key Strength
Key Strength Efficiently utilizing resources. Robust marketing and Diverse array distribution of products infrastructure IOCL's Delivering channel tailored partner for value-added polymer services products in Gujarat Strong and adaptable Experienced business leadership framework team Expanding geogr
Slide 34: Future Growth Strategy
Future Growth Strategy Growth in Solar EPC vertical will help diversify revenue base Expecting better utilization of the capacity, thereby improving the bottom line Network expansion within and outside the country Increase mix of commercial sales (non-subsidy MI sales, PVC pipes, exports) to reduce
Slide 35: New Factory Construction Near Ahmedabad
New Factory Construction Near Ahmedabad Land Acquisition Details: • Announced: 17th October 2023 • Location: Near Ahmedabad • Total Land Area: 3,30,000 Sq. Ft Construction Commencement: • Factory Size: 70,000 sq. ft. • Start Date: 31st March 2024 Project Timeline: • Expected Completion: First Quarte
Slide 36: Investment Rationale
Investment Rationale Strong Financial Performance The company has demonstrated strong growth, with a Total Income CAGR of 26.12%, an impressive EBITDA CAGR of 41.99%, and a Total Comprehensive Income CAGR of 99.54%, highlighting its operational efficiency and strong profitability potential. Diverse
Slide 37: Thank You
Thank You Captain Polyplast Limited Survey No. 267, Plot No. 10-A & 11,N.H. 27, Captain Gate, Shapar - Veraval.Dist: Rajkot - 360024. Gujarat – India E-mail: [email protected] Phone: +91 99090 35390 Website: www.captainpolyplast.in Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wag