Captain Polyplast Ltd Share Price – BSE

Plastic products, Small Cap

Captain Polyplast has received order from Maharashtra State Electricity Distribution Company for 1000 Off-Grid DC Solar Photovoltaic Water Pumping Systems ('SPWPS'). The total value of 1000 SPWPS is Rs. 27.69 crore (including GST).

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This empanelment, added to the earlier order for 500 solar pumps from MSEDCL, strengthens the company?s order book in the renewable energy and agri-infrastructure segment. The move underscores Captain Polyplast?s growing presence in government-backed solar irrigation programs and reflects sustained demand for solar pumping solutions amid policy support for clean energy adoption in agriculture.

Ritesh Khichadia, whole time director of Captain Polyplast, said, ?This additional empanelment under the PM KUSUM B scheme further strengthens our order book and improves revenue visibility for the coming periods. Along with the earlier orders for 500 solar pumps, it supports steady growth in our solar pump business and adds to a more balanced revenue mix.

Continued demand under government-supported solar irrigation programs reflects our execution capabilities, manufacturing strength, and experience across regions. Looking ahead, we see sustained opportunities from expanding solar irrigation initiatives and expect this segment to contribute meaningfully to our growth while supporting long-term value creation.?

Captain Polyplast is engaged in manufacturing and selling quality micro irrigation systems and allied products having its manufacturing facilities at Shapar (Veraval), Rajkot. Further, the company also undertakes installation of micro irrigation systems, providing of agronomical services to farmers and carrying out business activities.

The company?s consolidated net profit fell 73.9% to Rs 4.24 crore, even as net sales jumped 49.7% to Rs 79.73 crore in Q2 FY26 compared with Q2 FY25.

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Captain Polyplast has received order from Maharashtra State Electricity Distribution Company for 300 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The total value of 300 SPWPS is Rs. 8.17 crore (including GST).

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As per the company?s exchange filing, the contract includes the design, manufacture, supply, transport, installation, testing and commissioning of 300 SPWPS of 3 HP, 5 HP and 7.5 HP capacities at designated farmers? locations across Maharashtra. The project also covers a complete system warranty, repair and maintenance, and a Remote Monitoring System (RMS) for five years under the PM-KUSUM B Scheme, ?Magel Tyala Saur Krushi Pump? Yojana.

The total order value of Rs 8.17 crore and the installation will be completed within 60 days from the issuance of the NTP/Work Order/JSR approval.

The company further clarified that neither its promoters nor the promoter group has any interest in the awarding authority, confirming that the transaction does not qualify as a related-party deal under regulatory norms.

Captain Polyplast is engaged in manufacturing and selling quality micro irrigation systems and allied products having its manufacturing facilities at Shapar (Veraval), Rajkot. Further, the company also undertakes installation of micro irrigation systems, providing of agronomical services to farmers and carrying out business activities.

The company?s consolidated net profit fell 73.9% to Rs 4.24 crore, even as net sales jumped 49.7% to Rs 79.73 crore in Q2 FY26 compared with Q2 FY25.

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