Captain

What Captain does

Captain Pipes Ltd. (BSE: CAPTAINP), previously known as Captain Polyplast, is a Rajkot, India-based manufacturer and exporter of PVC piping solutions serving agricultural irrigation, plumbing, and drainage applications. The company operates an integrated 62,000 sq. ft. manufacturing facility at Shapar-Veraval, Gujarat, equipped with German extrusion lines and Japanese injection molding machines, delivering an annual production capacity of 17,700 metric tons. Its product range centers on uPVC column pipes - differentiated by a patented in-built automatic locking mechanism, CNC-machined square threads, and a bi-axial orientation process for higher impact strength - and extends across uPVC pressure pipes, uPVC/CPVC plumbing systems, SWR drainage pipes, uPVC casing pipes, HDPE pipes, solvent cements, garden and suction hoses, and irrigation equipment offered via a companion site.

Revenue is generated almost exclusively through hardware sales to a B2B dealer and distributor network that spans India and exports directly to customers in 12+ countries across Africa, Europe, Asia, North America and Latin America. The customer base is diversified across farmers and agricultural cooperatives (borewell, drip, and sprinkler irrigation), residential/commercial/industrial builders (plumbing and SWR), and government water-supply schemes (Jal Shakti and related programs). Pricing is quote-based with no published list price, and the company supports its channel with trade-show participation, farmer awareness programs, and ISO 9001:2015 quality certification. Headcount is 11-50 employees, the founders are the Khichadia family, and the firm has been BSE-listed since December 11, 2013.

For the fiscal year ended March 2026, Captain reported Rs 77.73 crore in revenue (up only 1.28% year-over-year) and Rs 6.98 crore in net profit (down 20.32% year-over-year); the final quarter was notably weaker, with revenue down 14.62% and net profit down 56.11% year-over-year, indicating margin and demand pressure heading into FY27. The company competes in the same segment as substantially larger organized players such as Supreme, Finolex, and Astral, but differentiates through its patented column-pipe locking system and a focused horizontal product portfolio.

Name

Captain

Legal name

Captain Pipes Ltd.

Website

https://captainpipes.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Captain Pipes Ltd. is a Rajkot, India-based manufacturer and exporter of uPVC, CPVC, and HDPE piping systems serving agricultural irrigation, plumbing, drainage, and government water-scheme customers through a pan-India dealer network and direct exports across five continents.

Ownership category

akta.pro rank

Product category

PVC and Plastic Pipes Manufacturing

NAICS

Plastics Pipe and Pipe Fitting Manufacturing (326122), Rubber and Plastics Hoses and Belting Manufacturing (326220)

SIC

Gaskets, Packg & Sealg Devices & Rubber & Plastics Hose (3050)

akta.pro primary industry

Pipes & Tubing (Metal, Plastic & Composite) (IMADALAC)

akta.pro secondary industry

Pipe Fittings, Couplings & Connectors (IMADALAD)

Keywords

• PVC pipe manufacturing
• UPVC column pipes
• CPVC plumbing pipes
• Agricultural irrigation pipes
• HDPE piping systems

Headquarters

HQ city

Rajkot

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. PVC/CPVC Pipe Sales: Manufacturing and selling uPVC Column Pipes, uPVC Pressure Pipes, uPVC Plumbing Pipes, CPVC Plumbing Pipes, SWR Pipes, Casing Pipes, HDPE Pipes, Garden Pipes, Suction Pipes and related fittings for agriculture, plumbing and drainage applications. Revenue from direct product sales to dealers, distributors, and end customers in domestic and export markets.
2. Solvent Cement Sales: Sale of uPVC, PVC, and CPVC solvent cement products used for joining pipes in agricultural and plumbing applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Captain Pipes manufactures and exports uPVC column pipes, uPVC and CPVC plumbing pipes and fittings, uPVC pressure pipes, SWR drainage pipes, uPVC casing pipes, HDPE pipes, garden and suction hose pipes, and solvent cement. The flagship uPVC column pipes feature a patented in-built locking mechanism and are designed for borewell and submersible pump applications up to 1,500 feet depth, serving agriculture, plumbing, and drainage markets.

Product overview

Captain Pipes Ltd. is a manufacturer and exporter of PVC piping solutions offering a complete product portfolio for agriculture, plumbing, and drainage applications. The product line centers on uPVC Column Pipes (the company's flagship product with patented locking mechanism for borewell applications), supported by a comprehensive range including uPVC and CPVC Plumbing Pipes & Fittings, uPVC Pressure Pipes, SWR Drainage Pipes, uPVC Casing Pipes, HDPE Pipes, solvent cements, and specialized hose pipes. The company operates a state-of-the-art manufacturing facility with German extrusion lines and Japanese injection molding technology, producing approximately 17,700 metric tons annually across its 62,000 sq. ft. plant. Products are sold under the CAPTAIN brand and distributed through a pan-India network with global presence in Africa, Europe, Asia, North America, and Latin America.

Differentiator

Problem solved

Functional benefit

Products and services

• uPVC Column Pipes uPVC column pipes (also known as borehole pipes, riser pipes, or drop pipes) designed for submersible pumps in borewell applications. Features patented in-built locking mechanism, square threads, and bi-axial orientation technology. Suitable for bores with depths up to 1,500 feet. Targeted at farmers, agricultural cooperatives, and irrigation project operators.
• uPVC Pressure Pipes ISI PVC pressure pipes manufactured as per IS 4985 standard, available in diameters from 20mm to 315mm. Used for potable water supply, lift irrigation, and agricultural applications.
• uPVC Pressure Pipes Fittings uPVC pressure pipe fittings manufactured as per IS 7834 standard, available in sizes from 32mm to 160mm. Used in conjunction with uPVC pressure pipes for potable water supply and agricultural applications.
• uPVC Plumbing Pipes & Fittings uPVC plumbing pipes and fittings manufactured as per ASTM D1785 standard. Includes Type-1 (ASTM-D-1785) and Type-2 (ISI) variants for cold water supply, industrial processes, and building construction. Light weight, seamless, strong, flexible, and resilient.
• CPVC Plumbing Pipes & Fittings Chlorinated Poly Vinyl Chloride plumbing systems ideal for hot and cold water applications, safe for drinking water, with corrosion resistance and temperature tolerance up to 93°C. Suitable for residential, commercial, and industrial hot water plumbing, industrial process lines, swimming pools, and salt water lines.
• SWR Pipes & Fittings Soil, waste, and rain water drainage and sewage piping systems with UV resistance and chemical resistance for residential, commercial, and industrial applications. Extra strong, long lasting, free from chemical and corrosion, lightweight, and resistant to UV degradation.
• uPVC Casing Pipes uPVC casing pipes for borewell applications available in CM and CS grades, suitable for shallow-depth (up to 80m) and medium-depth (up to 250m) installations. Light weight, durable, and maintenance free; can be installed vertical or inclined.
• Garden Hose Pipes PVC garden hose pipes and garden flexible pipes for gardening, organic farming, car and bike cleaning applications.
• Suction Hose Pipes PVC heavy duty suction hose pipes in various sizes from 3/4 inch to 6 inch diameter for irrigation and fluid transfer applications.
• HDPE Pipes High Density Polyethylene pipes manufactured from 100% virgin PE granules, suitable for sewage, potable water supply, irrigation, gas transmission, and industrial applications.
• uPVC / PVC / CPVC Solvent Cement Solvent cements for uPVC, PVC, and CPVC pipe jointing, including heavy duty clear variants meeting ASTM-D 2564 standard. Used for joining pipes in agricultural and plumbing applications.
• Irrigation Equipments Irrigation equipment products including drip irrigation systems, sprinkler irrigation systems, and mini and micro irrigation systems available through the companion site captainpolyplast.com.

Quantifiable outcome

• 25% higher discharge rate compared to G.I. Pipes
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Astral Limited: Astral is a leading Indian manufacturer of CPVC, uPVC, and HDPE plumbing and drainage pipes with strong plumbing-channel and export presence — a direct competitor to Captain's CPVC/uPVC plumbing and pressure pipe lines, with overlapping dealer networks.
• Jain Irrigation Systems: Jain Irrigation is a major Indian manufacturer of irrigation systems and PVC/HDPE piping for agriculture and water management — directly comparable to Captain's irrigation and column-pipe business, with greater vertical integration into drip/sprinkler systems.
• Prince Pipes and Fittings: Prince Pipes manufactures CPVC, uPVC, PPR, and HDPE plumbing and agriculture pipes for residential, commercial, and infrastructure markets — directly overlapping with Captain's plumbing, pressure, and column pipe SKUs and competing on similar dealer/contractor customers.
• Finolex Industries: Finolex is one of India's largest PVC pipe and fittings producers serving agriculture, plumbing, and infrastructure — overlapping with Captain across uPVC pressure, plumbing, and column/irrigation pipe categories with similar IS-standard positioning.
• Kisan Mouldings: Kisan Mouldings is a smaller Indian PVC pipe manufacturer focused on agricultural irrigation, column, and plumbing pipes — a close size- and product-comparable peer to Captain serving similar dealer networks and farm/borewell customers.
• Ashirvad Pipes: Ashirvad (part of the Aliaxis Group) manufactures uPVC, CPVC, and PPR plumbing pipe systems and column pipes for borewell applications — overlapping Captain's borewell column pipe and plumbing categories with comparable product specifications and dealer distribution.

Broad incumbents

• Supreme Industries: Supreme Industries is India's largest plastic-pipe and fittings manufacturer with an extensive uPVC/CPVC/HDPE portfolio spanning plumbing, agriculture, and infrastructure — directly comparable to Captain Pipes across product categories, while operating at vastly greater scale and distribution breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Captain