From ₹0.65 to ₹19: Multibagger penny stock Captain Pipes surges over 2,800% in 4 years
Live MintMultibagger Stock: Captain Pipes, one of the leading companies in the PVC pipes industry, has witnessed a remarkable surge in its share price on Dalal Street, growing exponentially in a short span of time and establishing itself as one of the significant wealth creators in recent history. Its product portfolio includes agricultural solutions such as column pipes, pressure pipes, and agri fittings, as well as plumbing solutions encompassing uPVC pipes, CPVC pipes, and SWR pipes and fittings. Revenue declines in Q2 amid weak demand During Q2 FY25, the company’s revenue from operations declined by 24.6% year-on-year, reaching ₹12.61 crore compared to ₹16.72 crore in the same period last year. Despite the revenue decline, the company's EBITDA increased by 4.7% year-on-year, rising from ₹1.69 crore in Q2 FY24 to ₹1.77 crore in Q2 FY25, driven by a 392-basis point improvement in margins.