Solar pumps penny stock under Rs 70: Company receives order worth Rs 5.97 crore from Maharashtra State Electricity Distribution Company Limited

DSIJ Intelligence-1 / 15 Aug 2025/ Categories: Multibaggers, Penny Stocks, Trending

The stock is up by 23.3 per cent from its 52-week low of Rs 59.05 per share and gave multibagger returns of over 300 per cent in 3 years.

Captain Polyplast Limited (CPL), a prominent manufacturer of micro irrigation solutions and a diversified solar EPC player, has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This order, under the PM Kusum B Scheme – "Magel Tyala Saur Krushi Pump" Yojana, is for the supply of 200 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), collectively valued at Rs 5.97 crore (including GST). The installation of these pumps is to be completed within 60 days from the date of issuance of the NTP/work order.

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Captain Polyplast Limited (CPL), a leader in the micro irrigation industry, manufactures and exports equipment for diverse agricultural applications. Established in 1997, CPL leverages over 25 years of expertise with manufacturing facilities in Rajkot, Gujarat and Kurnool, Andhra Pradesh and boasts a strong distribution network across 16 Indian states, along with exports to Africa, Latin America and the Middle East. The company recently diversified into the solar EPC market and partnered with IOCL for polymer product marketing in Gujarat. In FY2025, CPL reported a Total Income of Rs 289.7 crore, EBITDA of Rs 35.1 crore and a net profit of Rs 31.32 crore on a consolidated basis.

CPL's upcoming Ahmedabad plant, spanning 70,000 sq. ft. and scheduled for Q1 FY26 operations, will enhance manufacturing efficiency and profitability by specialising in critical micro irrigation components, boosting production capacity. Looking ahead, CPL aims to increase commercial sales, including non-subsidy micro irrigation sales, PVC pipes and exports, to optimise working capital. The company plans to expand its domestic and international network, expecting improved capacity utilisation and profitability, with growth in the Solar EPC vertical further diversifying its revenue base.

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The company has a market cap of over Rs 400 crore. The stock is up by 23.3 per cent from its 52-week low of Rs 59.05 per share and gave multibagger returns of over 300 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.