Captain Polyplas Share Price Jumps After Strong Q3 FY26 Results | Stock Market Today

Market Performance

Captain Polyplas share price moved sharply higher in the stock market today after the company announced a strong set of Q3 FY26 numbers. The SME stock rose nearly 8% intraday, touching a high of ₹83.21.

Despite the rally, the stock is still about 23% below its 52-week high of ₹107.70, which was recorded in February 2025. On the downside, the 52-week low stands at ₹58.41, marked in September 2025.

While Captain Polyplas share price has declined 25% over the past one year, its long-term journey tells a very different story. Over the last 12 years, the stock has delivered a massive 1450% return, firmly placing it among long-term multibagger SME stocks.

Main News: Captain Polyplas Q3 FY26 Results

The December 2025 quarter turned out to be a landmark period for Captain Polyplas, both in terms of scale and profitability.

The company posted its highest-ever quarterly revenue and net profit, indicating a sharp improvement in business momentum during Q3 FY26.

Key Financial Highlights (Q3 FY26)

• Revenue from operations: ₹126.33 crore
  • Up 40.87% YoY from ₹90.25 crore
• Net profit: ₹12.66 crore
  • Up 40.07% YoY from ₹9.05 crore

On a quarter-on-quarter basis, the growth was even sharper, highlighting a strong rebound from the previous quarter.

Sequential Performance Snapshot

• Net profit:
  • Q2 FY26: ₹1.82 crore
  • Q3 FY26: ₹12.58 crore
  • Growth: 592.46% QoQ
• Revenue:
  • Q2 FY26: ₹79.73 crore
  • Q3 FY26: ₹126.33 crore
  • Growth: 58.46% QoQ

This sharp sequential improvement points to better execution, higher volumes, and improved operational flow during the quarter.

Operating Performance Overview

Operational metrics stayed firm despite rising costs.

• EBITDA (Q3 FY26): ₹16.13 crore
  • Growth: 35% YoY
• EBITDA (9M FY26): ₹32.15 crore
  • Growth: 26% YoY
• EBITDA Margin (Q3 FY26):
  • 12.68%, down 46 basis points YoY

The marginal dip in margin was largely due to higher operating costs, even as the company scaled up production and execution.

Company Details and Business Snapshot

Founded in 1997, Captain Polyplas has steadily built its presence in the irrigation and polymer space over the years.

The company operates manufacturing facilities in:

• Rajkot, Gujarat
• Kurnool, Andhra Pradesh

Its distribution network spans 16 Indian states, with export exposure across:

• Africa
• Latin America
• The Middle East

Beyond irrigation products, Captain Polyplas has also diversified into the solar EPC segment and has partnered with Indian Oil Corporation (IOCL) for polymer product marketing in Gujarat. This diversification has added new revenue streams and widened its business footprint.

What Drove the Q3 Performance?

During the quarter, the company secured solar pump orders totaling 1,300 units, valued at ₹35.86 crore. These orders played a key role in boosting execution volumes and overall revenue visibility in Q3 FY26.

In addition, government-led initiatives continued to support demand across core segments. Policies such as:

• Per Drop More Crop
• PM-KUSUM
• GST reduction from 12% to 5% on drip irrigation, sprinklers, and solar equipment

have helped improve affordability and market demand, supporting business momentum during the quarter.

Summary

Captain Polyplas delivered a standout Q3 FY26, marked by record revenue and profit numbers. While Captain Polyplas share price has seen volatility over the last year, the latest quarterly performance highlights a strong operational turnaround.

From a 1450% long-term rally to a sharp QoQ recovery in earnings, the December quarter clearly stood out. As the stock market today digests the Q3 FY26 numbers, Captain Polyplas remains firmly in focus within the SME space due to its scale-up, diversification, and execution-led growth trajectory.

Source: Livemint