Captain Pipes Ltd. to Trade on BSE Mainboard Platform starting 12 June 2023
Revenue from Operations reported at Rs. 42.54 Cr in H2FY23 and Rs. 85.50 Cr in FY23
Company records 65% CAGR (4 years) on PAT
Captain Pipes Ltd. will be migrated & admitted to dealings on BSE Mainboard starting 12 June 2023
Rajkot, 09 June 2023: Captain Pipes Ltd. (BSE: 538817), one of the leading companies in the PVC Pipes industry, has announced that effective June 12, 2023, the equity shares of Captain Pipes Limited which are already listed under BSE SME Platform will now be migrated & admitted to dealings on the Mainboard Platform in the list of ‘B’ group.
The company is poised to leverage its modern plant for increasing its growth rate. Working along with the growing market demand, it is fully equipped with hi-tech machinery and tools, with extrusion and injection moulding machines of German and Japanese technology, that are must for quality production. The company is further looking to increase mix of high margin products in overall sales, and increase spending in marketing to improve brand strength.
Growth CAGR (4 Year):
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Revenue 4 Year CAGR: 23%
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PAT 4 Year CAGR: 65%
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EBITDA 4 Year CAGR: 15%
Standalone Financial Highlights Comparison – H2 FY23 vs H2 FY22
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Revenue from Operations grew to 42.54 Cr in H2FY23.
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EBITDA increased by 128% from Rs. 1.33 Cr in H2FY22 to Rs. 04 Cr in H2FY23
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EBITDA margins improved from 19% in H2FY22 to 7.14% in H2FY23 by 395 bps.
Standalone financial highlights for FY23 vs FY22:
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Revenue from operations recorded a growth of 36% to Rs. 85.50 Cr in FY23.
· The EBITDA increased by 48.14% to Rs. 4.00 Cr in FY23
· EBITDA margin rose by 134 bps to 4.68% in FY23.
Earlier in March, the company approved a bonus issue of equity shares – with 2 equity shares issued for every one existing share held as on record date.
About Captain Pipes Ltd. : Captain Pipes Limited (BSE: 538817) is a leading player in the PVC Pipes industry. Since its inception in 2010, Captain Pipes Limited (CPPL) is known for its high-quality products and extensive distribution network and the company has gained recognition as a leading brand in the industry and. CPPL offers a comprehensive range of PVC Pipes and Fittings designed for various applications in Agriculture and Plumbing. The company’s product portfolio includes agricultural solutions such as Column pipes, Pressure pipes, and Agri fittings, as well as Plumbing solutions encompassing uPVC Pipes, CPVC Pipes, and SWR Pipes and Fittings. At the helm of CPPL’s success is a dynamic management team led by Mr. Ramesh Khichadia and Mr. Gopal Khichadia, who bring over 30 years of industry experience. Their strategic vision and leadership have been instrumental in shaping the company’s growth and positioning in the market.
CPPL has developed a robust marketing and distribution network that spans multiple states across India, enabling widespread availability of its products. In addition, the company has successfully expanded its reach to international markets through exports to numerous countries. With a focus on delivering durable and reliable solutions, CPPL consistently emphasizes the quality of its products. The company adheres to stringent quality standards and employs advanced manufacturing processes to ensure that its PVC Pipes and Fittings meet the highest industry benchmarks. CPPL’s commitment to innovation, customer satisfaction, and sustainability sets it apart in the PVC Pipes industry. By continuously investing in research and development, the company strives to introduce innovative products and technologies that cater to evolving market demands.
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