Promoter holding
64.27%
CP
Captain Polyplast Limited - Due diligence report
A 360° intelligence report on Captain: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
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Captain — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Captain is assessed as Moderate with a Trust Score of 72/100. Captain is an active public limited indian non-government company incorporated in 1997, operating in the Machinery and Equipment sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Captain Polyplast Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 70/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 5 open (163.88 cr) · 6 satisfied (17.12 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Union Bank Of India | 1 | 48.0 cr |
| Hdfc Bank Limited | 3 | 48.0 cr |
| Yes Bank Limited | 2 | 48.0 cr |
Compliance Score: 38/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 2 court forum(s).
- 2 auditor resignation(s) filed - latest: SVK & ASSOCIATES on 2022-08-13.
- Delayed payments to MSME suppliers disclosed (111 disclosure(s)).
- 17 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GOPAL DEVRAJBHAI KHICHADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRABHULAL NATHABHAI RABADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESHBHAI DEVRAJBHAI KHICHADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LALJI GORDHANBHAI VEKARIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAUSHIKBHAI VASHRAMBHAI MORI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KHYATI SUNIL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RITESH KHICHADIA RAMESHBHAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mita Jayeshkumar Mardiya | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
1
Capital events
7 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Captain Pipes Limited | Associate Company | 74.00% |
Key managerial personnel: RAMESHBHAI DEVRAJBHAI KHICHADIA (Managing Director) · KAUSHIKBHAI VASHRAMBHAI MORI (CFO) · RITESH KHICHADIA RAMESHBHAI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (38/100).
5 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 3.22 cr.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence59/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 163.88 cr already registered.
- Compliance gaps should be priced into terms.
Investor view84/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
24 Jun 2025
Director appointed
Mita Jayeshkumar Mardiya (Additional Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Mar 2024
Charge created
Yes Bank Limited - 68.00 Lakh
09 Sep 2023
Director ceased
HARSHADRAY LALCHAND PATEL
04 Sep 2023
Director appointed
LALJI GORDHANBHAI VEKARIYA (Director)
06 Mar 2023
Charge created
Yes Bank Limited - 18.88 Lakh
17 Dec 2022
Charge satisfied
Hdfc Bank Limited
03 Dec 2020
Charge satisfied
Others
27 Oct 2020
Charge created
Hdfc Bank Limited - 76.00 Lakh
09 Oct 2020
Director ceased
PRABHULAL NATHABHAI RABADIA
13 Jul 2020
Director appointed
RITESH KHICHADIA RAMESHBHAI (Whole-time director)
Director ceased
ASHOKBHAI KANJIBHAI PATEL
26 Dec 2019
Director appointed
PRABHULAL NATHABHAI RABADIA (Director)
09 Dec 2019
Charge created
Hdfc Bank Limited - 57.46 Lakh
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
17 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Additivemasterbatches | U25199MH2010PTC199649 | Mumbai, Maharashtra, India |
| Pashupatigrp | U17299WB2017PTC223901 | Kolkata, West Bengal, India |
| Kisangroup | L17120MH1989PLC054305 | Mumbai, Maharashtra, India |
| Amd | L28122DL1983PLC017141 | Na, Delhi, India |
| Blow Packaging (India) Private Limited | U35999TN1992PTC023546 | Chennai, Tamil Nadu, India |
| Samaro Global Industries Private Limited | U25209MH2019PTC331589 | Mumbai, Maharashtra, India |
| Kanodia Cem Private Limited | U26999UP2019PTC122527 | Amethi, Uttar Pradesh, India |
| National Plastics Group | L25209TN1989PLC017413 | Madras-8., Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Captain before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Captain: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Captain - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Captain pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Captain - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Captain an active company?
Captain has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Captain financially healthy?
Captain has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Captain?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Captain?
Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Captain have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.
Is Captain up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 38/100 (Caution Indicated).
Is it risky to lend to Captain?
Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
