Captain Pipes Ltd - Stock Valuation and Financial Performance

BSE: 538817 | NSE: | Rubber Products | Small Cap

Captain Pipes Share Price

14.94 -0.16 -1.06%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Captain Pipes

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Captain Pipes stock performance -

mw4me loader
P/E Ratio (SA):
121.64
Market Cap:
220.7 Cr.
52-wk low:
14.1
52-wk high:
35.8

Is Captain Pipes Ltd an attractive stock to invest in?

1. Is Captain Pipes Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Captain Pipes Ltd is a average quality company.

2. Is Captain Pipes Ltd undervalued or overvalued?

The key valuation ratios of Captain Pipes Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Captain Pipes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Captain Pipes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Captain Pipes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Captain Pipes Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.3%12%13.3%8.9%-0.3%8.9%10.4%9.9%14.4%13.2%-
Value Creation
Index
-0.5-0.2-0.1-0.4-1.0-0.4-0.3-0.30.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 40.134.753.753.543.654.645.540.582.785.586
Sales YoY Gr.--13.6%55.1%-0.5%-18.4%25.1%-16.7%-11%104.5%3.4%-
Adj EPS -0000-0.10000.10.20.1
YoY Gr.-NA0%-50%-700%NA0%0%550%23.1%-
BVPS (₹) 0.40.70.80.80.70.70.70.71.11.41.7
Adj Net
Profit
-0.10.60.50.3-1.50.20.30.31.62.22
Cash Flow from Ops. 0.12.742.34.33.23.61.4-4.72.6-
Debt/CF from Ops. 1183.52.44.32.11.60.92.9-0.81-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.8%14.4%23.4%3.4%
Adj EPS NANA100%23.1%
BVPS15.6%17.2%26.6%26.3%
Share Price - 71.7% 181.5% -25.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-2.59.85.83.2-16.62.63.43.112.512.27.7
Op. Profit
Mgn %
5.29.77.26.11.34.95.663.35.49
Net Profit
Mgn %
-0.21.610.6-3.40.40.60.71.92.62.1
Debt to
Equity
4.61.111.11.10.60.40.50.30.1-
Working Cap
Days
771321271411821381481599610342
Cash Conv.
Cycle
2339383244282621283921

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.42%

Net Profit is growing at healthy rate in last 3 years 100.00%

Return on Equity has declined versus last 3 years average to 7.70%

Sales growth is not so good in last 4 quarters at -6.84%

Latest Financials - Captain Pipes Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 85.5 -
BVPS (₹.) 1.7 -
Reserves (₹ Cr.) 10 -
P/BV 8.96 -
PE 121.64 -
From the Market
52 Week Low / High (₹) 14.10 / 35.79
All Time Low / High (₹) 0.57 / 35.79
Market Cap (₹ Cr.) 221
Equity (₹ Cr.) 14.8
Face Value (₹) 1
Industry PE 32.6

Management X-Ray of Captain Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Captain Pipes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales40355453445545408386
Operating Expenses 38315050435243388082
Manufacturing Costs0133222123
Material Costs35284444384738347574
Employee Cost 1111111111
Other Costs 2112122223
Operating Profit 2343133234
Operating Profit Margin (%) 5.2%9.7%7.2%6.1%1.2%4.9%5.6%6.0%3.3%4.7%
Other Income 0000000000
Interest 1232221111
Depreciation 1111111111
Exceptional Items 0100000050
Profit Before Tax 0200-200062
Tax 0100-100011
Profit After Tax 0110-200052
PAT Margin (%) -0.2%3.3%1.0%0.6%-3.4%0.5%0.8%0.7%6.2%2.1%
Adjusted EPS (₹)0.00.10.00.0-0.10.00.00.00.40.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3991088991420
Share Capital 14444444414
Reserves 25554455106
Minority Interest0000000000
Debt11888642332
Long Term Debt5333322332
Short Term Debt5555320000
Trade Payables49141415141311139
Others Liabilities 1245533343
Total Liabilities 19283536333027263533

Fixed Assets

Gross Block8131314141415151617
Accumulated Depreciation0223456789
Net Fixed Assets81111101099898
CWIP 0000000000
Investments 1111111100
Inventories56101514121191110
Trade Receivables3811866561110
Cash Equivalents 1011100003
Others Assets2222212343
Total Assets 19283536333027263533

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 03424341-53
PBT 0200-200062
Adjustment 22333222-32
Changes in Working Capital -2-10-1401-1-7-1
Tax Paid 000000000-1
Cash Flow From Investing Activity -3-400000-14-1
Capex -3-4-100-10000
Net Investments 0000000050
Others 0000000-1-1-1
Cash Flow From Financing Activity 31-3-2-4-3-3011
Net Proceeds from Shares 0500000000
Net Proceeds from Borrowing 2-2000-1010-1
Interest Paid -1-2-3-2-2-2-1-1-1-1
Dividend Paid 0000000000
Others 30-10-20-2012
Net Cash Flow 00100-10003
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-2.5219.925.843.41-16.873.394.453.144.0210.59
ROCE (%)11.5222.2317.6512.87-0.713.315.1214.6443.5215.86
Asset Turnover Ratio2.391.491.761.691.331.741.61.512.72.5
PAT to CFO Conversion(x)NAN34INFN/AINFINFINF-11.5
Working Capital Days
Receivable Days32586357564346503845
Inventory Days365752731148689874344
Payable Days4985921141341121301325954

Captain Pipes Ltd Stock News

Captain Pipes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Captain Pipes on 28-Mar-2024 16:01 is ₹14.94.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Captain Pipes stood at ₹220.7.
The latest P/E ratio of Captain Pipes as of 28-Mar-2024 16:01 is 121.6.
The latest P/B ratio of Captain Pipes as of 28-Mar-2024 16:01 is 8.96.
The 52-week high of Captain Pipes is ₹35.79 and the 52-week low is ₹14.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Captain Pipes is ₹85.50 ( Cr.) .

About Captain Pipes Ltd

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. 

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