Buy Captain Polyplast; target of Rs 56: Khambatta Securities
Khambatta Securities’ research report on Captain Polyplast
Captain Polyplast Limited (CPL) is a micro-irrigation solutions provider and manufacturer/supplier of micro-irrigation systems (MIS). A key driver of the Rs 6,000 crore-worth micro-irrigation industry is favourable government policies including subsidies on MIS. The very low of penetration of MIS in India (5.5%) presents robust growth opportunities. With a projected life of 7 years for MIS, the penetrated section of the micro-irrigation…
