X

Captain Pipes Ltd Stock Analysis

Small Cap
Evaluated by 32 users | BSE: 538817 | NSE: |
Rubber Products
The company was originally incorporated on January 05, 2010 as a private limited company under the name and style of 'Captain Pipes Private Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Havelli. Subsequently, the company...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -2.4%-4.26%7.3%7.3%11.95%13.33%8.89%-0.34%8.93%10.41%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 210.530.240.134.753.753.543.654.645.5
Y-o-Y Gr. Rt.-423.4%187.1%32.8%-13.6%55.1%-0.5%-18.4%25.1%-16.7%
Adjusted EPS (Rs.) -2.61-9.460.16-0.31.341.270.73-3.540.520.7
Y-o-Y Gr. Rt.-NANA-287.5%NA-5.2%-42.5%-584.9%NA34.6%
Book Value per Share (Rs.) 20.9811.5112.1711.6721.1622.4323.2119.620.2721.2
Adjusted Net Profit -0.2-0.90-0.10.60.50.3-1.50.20.3
Net Op. Cash Flow (Rs. Cr.) -0.6-1.10.90.12.742.34.33.23.4
Debt to Cash Flow from Ops -6.43-5.898.02118.013.482.44.322.081.580.89
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Captain Pipes Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 41.4%5.6%-5.3%-16.7%
Adjusted EPS NA-12.2%-1.4%34.6%
Book Value per Share 0.10-34.6
Share Price - -10.7% -29.1% -16%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -16.53-58.251.9-2.529.785.843.2-16.562.623.39
Operating Profit Margin (%) 2.20.394.355.239.77.216.081.334.935.59
Net Profit Margin (%) -11.69-8.090.12-0.171.610.980.57-3.380.40.64
Debt to Equity 2.126.372.734.561.081.031.051.090.590.35
Working Capital Days 2721267477132127141182138148
Cash Conversion Cycle 58391823393832442826
Entity Percentage Holding
Promoters 74.97%
Non-Institutions 25.03%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Captain Pipes Ltd's performance infers:

Captain Pipes Ltd earnings have declined by -12.2%, whereas share price has depreciated -10.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

The company was originally incorporated on January 05, 2010 as a private limited company under the name and style of 'Captain Pipes Private Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Havelli. Subsequently, the company was converted into a public limited company on September 23, 2014 and the name of the company was changed to 'Captain Pipes Limited'.

The company started its

The company was originally incorporated on January 05, 2010 as a private limited company under the name and style of 'Captain Pipes Private Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Havelli. Subsequently, the company was converted into a public limited company on September 23, 2014 and the name of the company was changed to 'Captain Pipes Limited'.

The company started its manufacturing in the year 2010-11 by manufacturing uPVC pipes and subsequently diversified its manufacturing line by introducing uPVC Plumbing Fittings and uPVC Agri Fittings to its products line in February, 2014. The company’s products are supplied to entities generally engaged in the agriculture and construction sector.

The company has its manufacturing facility located at Shapar (Veraval), Rajkot-Gujarat in a total area of around 62,000 sq. ft with an annual capacity of 17,700MT per annum. The company sells its varied range of products under the brand name of 'CAPTAIN' which is registered in the name of its Corporate Promoter i.e. Captain Polyplast Limited and the company uses the said brand name by virtue of an MOU dated December 16, 2010. The company also manufactures uPVC pipes for other companies under their brand name like Netafim Irrigation India Private Limited supplied to them. Some of its renowned customers include Netafim Irrigation India Private Limited, Sabar Export (I) Private Limited, Shakti Pumps etc.

The company has six fully automatic extrusion lines of latest German technology for manufacturing uPVC threaded Column Pipes, uPVC Plumbing Pipes, uPVC Pressure Pipes, uPVC Casing Pipes, five fully automatic machines of latest Japanese technology and approx 140 moulds of 2316 German material for manufacturing uPVC Plumbing Fittings and uPVC Agri Fittings and also has three fully automatic centralized mixer & two semi automatic mixer in order to mix up raw material in appropriate ratio to increase the quality of its products. The company also has its own laboratory and R&D departments with well equipped instruments and experienced technical persons in order to test its products to meet its quality assurance. The company follows Indian as well as International quality standards for its products and has two of the products ISI certified.

The company’s Promoter Directors, Ramesh D. Khichadia and Gopal D. Khichadia have about two decades of experience in field of marketing and manufacturing pipes & its related products and have in-depth knowledge of the products and industry in which it operates. One of its Founder Promoter, Ramesh D Khichadia has been awarded Udyog Patra for self made industrialist in the year 2008 by Institute of Trade and Industrial Development and Indira Gandhi Priyadarshini Award in the year 2008 by All India National Unity Conference-New Delhi.

The company has entered into arrangements / understanding with over 30 dealers/ distributors located across 9 states to market and sell its products viz. Gujarat, Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Andhra Pradesh (now in Telangana), Chhattisgarh, Karnataka and Maharashtra.

Business area of the company

The company is an ISO 9001:2008 certified company which manufactures a wide range of high tensile and high impact uPVC threaded Column Pipes, uPVC Plumbing Pipes, uPVC Pressure Pipes, uPVC Casing Pipes, uPVC Plumbing Fittings and uPVC Agri Fittings. The company is also a supplier of HDPE Pipes (being procured from Captain Polyplast Limited, the company’s Promoter Company which manufactures the same for it on job work basis) and uPVC Column Pipes Fittings being procured from identified manufacturer as per the company’s specifications. The company further assembles the procured uPVC Column Pipes with accessories and supplies the assembled products to its uPVC threaded Column Pipes customers. 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback