Solar Stock Under Rs 100 Jump After Reporting Highest Quarterly Revenue & Net Profit Growth of 41% YoY
Kiran DSIJ / 09 Feb 2026 / Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 42.5 per cent from its 52-week low of Rs 58.41 per share and gave multibagger returns of 280 per cent in 3 years.
Captain Polyplast Limited (CPL) achieved a significant milestone in Q3 FY26, reporting its highest-ever quarterly revenue and net profit. Total income surged by 40 per cent year-on-year to Rs 127.22 crore, a growth trajectory fuelled by robust volumes in both its micro-irrigation and Solar EPC divisions. This financial performance was complemented by a 41 per cent increase in net profit, reaching Rs 9.47 crore. The company's strategic focus on operational efficiency and order execution has allowed it to maintain strong momentum, specifically within the solar pumps segment, where it recently secured two substantial orders totalling 1,300 pumps valued at approximately Rs 35.86 crore.
The company's growth is further bolstered by favourable macroeconomic shifts and sustained government backing. A key catalyst has been the reduction in GST from 12 per cent to 5 per cent on irrigation and solar equipment, which has enhanced product affordability for the end consumer. Furthermore, the continued budgetary support for initiatives like "Per Drop More Crop" and the PM-KUSUM scheme provides a stable tailwind for CPL’s diversified portfolio. As the company expands its capacity and diversifies its business reach, it remains positioned to capitalise on the rising demand for sustainable agricultural and energy solutions across India.
About the Company
Captain Polyplast Limited (CPL), established in 1997, is a prominent leader in the micro-irrigation industry with over 25 years of expertise. Operating from manufacturing hubs in Gujarat and Andhra Pradesh, the company serves a vast domestic network across 16 states and exports to Africa, Latin America and the Middle East. CPL is currently expanding its footprint with a new 70,000 sq. ft. facility in Ahmedabad, scheduled to open in Q1 FY26, which is designed to boost production capacity and manufacturing efficiency for critical irrigation components.
Beyond its core irrigation business, CPL has strategically diversified into the solar EPC market and partnered with IOCL for polymer marketing. The company’s forward-looking strategy focuses on optimising working capital by increasing commercial sales in non-subsidy segments, PVC pipes and international exports. By leveraging these diverse revenue streams and enhancing its manufacturing capabilities, CPL aims to solidify its industry leadership while maintaining a steadfast commitment to high-quality, durable agricultural solutions.
The company has a market cap of over Rs 400 crore. In FY25 (Consolidated), Captain Polyplast Limited reported Total Income of Rs 289.77 crore, EBITDA of Rs 35.11 crore and a net profit of Rs 31.32 crore. The stock is up by 42.5 per cent from its 52-week low of Rs 58.41 per share and gave multibagger returns of 280 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.