Multibagger penny stock under Rs 20 & 2,400 per cent returns: This PVC-pipes manufacturing company commences production at Ahmedabad unit
The stock gave multibagger returns of 460 per cent in just 3 years and a whopping 2,400 per cent in 5 years.
On Tuesday, shares of Captain Pipes Ltd gained 2.12 per cent to Rs 15.44 per share from its previous closing of Rs 15.12 with an intraday high of Rs 15.50 and an intraday low of Rs 15.11. The stock’s 52-week high is Rs 21.01 and its 52-week low is Rs 12.99. The shares of the company saw a spurt in volume by more than 1.40 times on BSE.
Captain Pipes Limited (CPL, BSE: 538817), a prominent company in the PVC Pipes industry, announced the commencement of commercial production at its new unit in Ahmedabad on May 25, 2025. This expansion marks a significant step for the company as it continues to strengthen its manufacturing capabilities and market presence.
Commenting on the milestone, Mr. Gopal Khichadia, the Managing Director of Captain Pipes Limited, said, “We are very pleased to announce the start of commercial production at our new plant near Ahmedabad. This new plant witha capacity of 20,000 MT per annum will act as a significant milestone in the growth of our company. We remain committed to driving sustainable growth through product innovation, operational efficiency, and customer-centric solutions. With a solid foundation in place and strong industry tailwinds, Captain Pipes is well-positioned to create long-term value.”
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About the Company
Since its inception in 2010, Captain Pipes Limited (CPPL) has become a leading name in the PVC Pipes industry, recognized for its high-quality products and extensive distribution network. Led by the experienced management team of Mr. Ramesh Khichadia and Mr. Gopal Khichadia, CPPL offers a comprehensive range of PVC Pipes and Fittings for both agriculture and plumbing applications, including Column pipes, Pressure pipes, Agri fittings, uPVC Pipes, CPVC Pipes, and SWR Pipes and Fittings. The company boasts a robust marketing and distribution network across multiple Indian states and has expanded its reach internationally through exports, consistently emphasizing product quality, adhering to stringent standards, and investing in innovation and research and development to meet evolving market demands.
According to Quarterly Results, the company reported net sales of Rs 22.71 crore and net profit of Rs 5.24 crore in Q4FY25 and in its annual results, the company reported net sales of Rs 76.75 crore and net profit of Rs 8.76 crore in FY25. The company has a market cap of Rs 228 crore. The stock gave multibagger returns of 460 per cent in just 3 years and a whopping 2,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.