Tuesday, September, 29,2026

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Per Drop More Crop Expands Micro-Irrigation Coverage To 115 Lakh Hectares; Captain Polyplast Sees Significant Headroom For Growth

Rajkot : India’s continued push towards water-efficient agriculture is creating a significant opportunity for the micro-irrigation industry. Under the Government’s Per Drop More Crop (PDMC) scheme, more than 115 lakh hectares have been brought under micro-irrigation as of July 2026, covering around 8.11% of the country’s net sown area. While this reflects the steady adoption of efficient irrigation systems, the relatively low level of overall penetration also highlights the considerable headroom for further expansion. Captain Polyplast Limited

Captain Polyplast Limited, one of the leading manufacturer and exporter of micro-irrigation solutions, is well positioned to participate in this opportunity, with micro-irrigation continuing to remain at the core of its business. The company manufactures a comprehensive range of products including drip lines, sprinklers, micro-sprinklers, HDPE and PVC pipes, valves, connectors and other irrigation accessories, enabling it to address multiple components of a micro-irrigation system. Alongside this core business, the company has also expanded into solar EPC and polymer products, strengthening its presence across adjacent growth segments.

Government Support Is Expanding The Adoption Base

The PDMC scheme provides financial assistance of up to five hectares per beneficiary, with 55% assistance for small and marginal farmers and 45% for other farmers. The Government has released ₹8,123.24 crore under the scheme over the last three years, including ₹3,226.36 crore during FY2025-26. In FY2025-26 alone, 12.30 lakh farmers benefited from the programme, with women accounting for around 20% of beneficiaries.

Importantly, the Government has also introduced greater flexibility in the implementation of PDMC. States and Union Territories can now allocate funds beyond the earlier prescribed limits toward local water-storage and conservation measures such as farm ponds, diggis and water-harvesting systems. This is intended to improve the reliability of water availability and strengthen the effectiveness of micro-irrigation at the farm level.

The policy framework also allows farmers to receive assistance again for the same land after seven years, creating a potential replacement cycle as older irrigation systems reach the end of their operating life. Captain Polyplast Limited

A Large Opportunity For Captain Polyplast

Captain Polyplast has been operating in the micro-irrigation industry since 1997 and has established a presence across key agricultural markets. The company currently has manufacturing facilities at Shapar near Rajkot, Kurnool in Andhra Pradesh and Ahmedabad, supported by a distribution network of around 750 dealers across 16 states. Its presence includes several of the states identified by the Government as having the highest micro-irrigation coverage under PDMC, including Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Gujarat and Rajasthan.

The opportunity for the company extends beyond first-time installations. In states where micro-irrigation adoption is already relatively high, a growing installed base is creating a replacement opportunity, while lower-penetration regions offer scope for new system installations. The company has indicated that replacement demand in Maharashtra, Gujarat, Andhra Pradesh and Tamil Nadu is already in the range of 10–20% and could increase as the installed base expands.

This creates a two-layer growth opportunity for Captain Polyplast: new adoption driven by government-supported expansion and replacement demand from the existing installed base. Captain Polyplast Limited

Lower Taxation Further Improves Affordability

Demand conditions have also been supported by the reduction in GST on drip irrigation systems and sprinklers from 12% to 5% with effect from 22 September 2025. The lower tax rate reduces the cost burden on farmers and complements the subsidy support available under PDMC.

The Government’s own assessments point to the broader economic benefits of micro-irrigation, including 20–48% water savings, 20–38% improvement in crop yields and income gains of 10–69%, reinforcing the long-term case for adoption of efficient irrigation systems.

Mr. Ritesh Khichadia, Whole-time Director, Captain Polyplast Limited, said, “Per Drop More Crop has created a strong foundation for the expansion of micro-irrigation by making these systems more affordable and accessible to farmers. For a company like Captain Polyplast, this directly supports demand through our dealer network.

At the same time, the Government’s latest data shows that micro-irrigation currently covers only around 8% of India’s net sown area, which indicates that a significant opportunity remains ahead. We are expanding our dealer presence in northern and eastern markets, where penetration is still relatively low, while also seeing increasing replacement demand in established micro-irrigation markets.

With farmers becoming more aware of water efficiency and the policy environment continuing to support adoption, we believe the industry has a long runway for growth. Our focus remains on strengthening our distribution network, broadening our product offering and increasing our ability to serve both new installations and the replacement market.” Captain Polyplast Limited

Capacity And Business Readiness

Captain Polyplast’s manufacturing infrastructure has the capacity to support approximately ₹600 crore of micro-irrigation revenue, providing adequate headroom to cater to the expected expansion in industry demand. With capacity available to support higher volumes, the company’s focus is also shifting towards increasing the contribution of commercial and non-subsidy sales, creating an additional growth avenue beyond government-supported installations.

Micro-irrigation remains a key contributor to the company’s overall business, with consolidated total income of ₹419.75 crore in FY2026. For the quarter ended June 2026, consolidated total income stood at ₹81.66 crore, reflecting a 16.3% year-on-year growth. Captain Polyplast Limited

About Captain Polyplast Limited (CPL)

Captain Polyplast Limited (CPL) is one of the leading players in the micro-irrigation industry, specializing in the manufacturing and export of equipment for a diverse range of agricultural applications. Established in 1997, the Company leverages over 25 years of expertise and operates manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh). It has built a strong distribution network spanning 16 states across India and exports to markets in Africa, Latin America, and the Middle East.

In recent years, CPL has diversified into the fast-growing solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions, supported by strong government initiatives such as the PM-KUSUM scheme. The Company has also partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat, further strengthening its business portfolio.

The recently operational Ahmedabad plant, spanning ~70,000 sq. ft., is expected to enhance manufacturing efficiency and profitability by enabling in-house production of critical components, thereby improving capacity utilization.

Looking ahead, CPL aims to increase the share of commercial sales, including non-subsidy micro-irrigation, PVC pipes, and exports, to optimize working capital. It also plans to expand its domestic and international footprint, while growth in the solar EPC vertical is expected to further diversify the revenue mix.

With a strong focus on strategic partnerships, operational excellence, and product quality, CPL is well-positioned to enhance its manufacturing capabilities and strengthen its leadership in the micro-irrigation and renewable energy sectors.

In FY26 (Consolidated), Captain Polyplast Limited reported Total Income of ₹ 419.75 Cr, EBITDA of ₹ 46.32 Cr, and a net profit of ₹ 27.78 Cr. Captain Polyplast Limited

Sources:

  • Press Information Bureau (PIB) – Water-Smart Farming with Per Drop More Crop – 29 Aug 2026
    PIB Source

  • Press Information Bureau (PIB) – PMKSY: A Decade of Irrigation-Led Agricultural Transformation – 30 Jun 2026 PIB Source

  • Press Information Bureau / Ministry of Agriculture & Farmers Welfare – Crop Diversification and Micro Irrigation – 4 Aug 2026 PIB Source

  • Business Standard — Why monsoon-dependent India still struggles to scale micro irrigation – 25 Apr 2026 Business Standard Source

  • The Economic Times Why micro-irrigation needs more than subsidies – 9 Jul 2026 Economic Times Source

  • Mint — Per Drop More Crop Yojana: subsidy and micro-irrigation benefits – 26 Jun 2026 Mint Source Captain Polyplast Limited

Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Captain Polyplast Limited

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Daily Astro

29-09-2026

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Aries

Ganesha says it will be an important day for you, Aries. Your energy and confidence are ready to take you to new heights. Today you will be able to express your thoughts with clarity, which will increase your communication skills. New opportunities may arise in the working areas, which you have to be ready to take advantage of. In social life, you can make new meetings, which will prove beneficial for you in the future. This day will be good for solving family issues, and you will be able to establish better relations with your close ones. In the field of health, take care of your routine and resort to yoga or meditation to relieve mental stress. Controlling your expenses will be a smart move, as any sudden financial need may arise. Overall, this day is for you to stay positive, just use your insight and energy properly.

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Pisces

Ganesha says it is going to be a positive day for you. Your sensitivity and intuition will flourish today, allowing you to establish better connections between yourself and others. It is time to connect with someone or refresh old memories. Try to communicate with people close to you, as it will strengthen your relationships. In the field of work, your creativity will be cyclical today. If you are working on a project, your ideas will be new and full of innovation. Do not be afraid to share your ideas, it will give you positive feedback from your colleagues. In terms of financial condition, avoid any big investments. Small expenses will prove to be justified but think well before making any big decisions for the long term. In terms of health, focus on a balanced diet and regular exercise. For mental health, practicing meditation or yoga will help keep you stress-free.

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Aquarius

Ganesha says new opportunities are likely to open up for you. You will be in a position to take your creative abilities to new heights. This is the time to share your ideas and make new plans. Your friends and family will support your ideas, so it will be beneficial to take their advice into account. Positive changes are possible in business. This is the right time to work on an important project. You will get an opportunity to use your skills and knowledge properly. But, be careful; in some cases, you will need to control your emotions. In personal life, relationships will deepen. You will try to spend more time with your loved ones. This is a good time for love and companionship. Enjoy emotional moments that will make your relationships stronger. Be health conscious. Dedication to yoga and meditation will give you mental peace. These activities will keep not only your body but also your mind active. Overall, today will be full of possibilities for you. Stay committed to your dreams and work on them.

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Capricorn

Ganesha says your day is full of some new possibilities. You will experience grace and stability in your actions. This is the time to focus on your goals and work with determination to pursue your plans. You are likely to get success in your work, especially if you maintain your hard work and dedication. Positive changes can also be seen in your relationships. You will get a chance to spend time with family and listen to them, which will increase mutual understanding and depth. Focus on communication, as it will make your relationships stronger. However, it is also time to make monthly plans. Take care of your financial matters and try to save. This is the time when you can take concrete steps for your future. Your health condition is likely to remain normal but take some rest. Maintaining a mental balance will be important for you. Stay positive and keep faith in your actions!

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Sagittarius

Ganesha says today will be full of new possibilities and positive energy for you. You will feel a rise in your confidence, which will keep you open to new opportunities. This is the right time to make an important decision. Your spirituality and intuition will be strong, which will enable you to understand and face difficulties. Spending time with friends and family will awaken a sense of happiness and satisfaction in your mind. Relationships with colleagues at work can take a new direction. Cooperation and communication will help solve problems. If you face an obstacle or challenge, remember that you can overcome it. In terms of health, you may need to make a little improvement in your routine. Regular exercise and a balanced diet will give you freshness and energy. Strengthening social relationships and contacting new people will also be beneficial today. This is the time for self-growth and positive change for you, so recognize the energy within you and use it properly.

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Scorpio

Ganesha says today will be full of enthusiasm and energy. You will move towards achieving your goals, and your hard work will pay off. Social life will also be active; you will get a good chance to spend time with friends and family. In terms of health, take a little caution. Focusing on meditation and exercise will help reduce mental stress. This is also a good time to take up a new hobby, which can unleash your creativity. Take wise steps in terms of money. Make informed decisions while investing. For potential financial gains, take a look at past projects again. Your career is showing good signs of progress. Your ideas may be appreciated at the workplace, which will increase your confidence. Still, some issues may require restraint. Overall, today will prove to be positive and auspicious for you. Spend it with pride with your loved ones.

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Libra

Ganesha says today will be a very auspicious and positive day. You will get a chance to clarify your thoughts, which will bring stability to your personal and professional relationships. Your communication skills will increase, and this will open the doors of new possibilities for you. Your creativity and aesthetic sense will be especially strong today. If you are associated with any art or design, your work will be appreciated. This is the right time to express your feelings. If you are confused about a decision, trust your intuition; it will show you the right path. In terms of health, small changes can make your life better. Focus on regular exercise and a balanced diet. In love and relationships, a new understanding will develop, which will strengthen the mutual bond even more. Overall, this day is a sign of positive changes and new beginnings for you. Stay focused on your goals and recognize your inner strengths.

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Virgo

Ganesha says today is a suitable day to highlight your cognitive abilities and business skills. Today, you will be full of clarity and precision in your actions, which will increase your value among your colleagues and superiors. There is a possibility of bringing some changes to your routine, which will bring positive results for you. This is a good time to improve relations with family members. Try to resolve any old disputes, and keep communication open. In terms of health, meditation and yoga will bring mental peace. Also, take some time out of your routine for exercise. From a financial point of view, this is the right time to make a good plan for the right investment. Take a good look at the options available to you and make a wise decision. Overall, today will prove to be a day of new possibilities and positive changes for you. Be full of confidence and stay focused on your goals.

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Leo

Ganesha says today will be a day full of energy and inspiration. Your confidence will increase and your thoughts will come out with clarity. On this day, you will be able to see some new possibilities in your career, which will bring you hard work. Mutual understanding and harmony will increase your relationship, which will create a happy atmosphere among the family. This is a great time to express your thoughts clearly, so do not hesitate to communicate with your partner or friends. It is important to be health conscious, a little exercise and meditation will maintain your mental and physical health. Overall, this day will bring activity and positivity for you, so make the most of all the opportunities!

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Cancer

Ganesha says it will be a day of information and communication for you. Your mind will be full of ideas and you will be able to express your ideas well. There is a possibility of some new opportunities in professional life, which can prove beneficial for you. It is a good time to strengthen relationships with your colleagues, so work together at the workplace. Your emotional state will also be strong. Time spent with family will give you satisfaction. If you have any old problem going on, then the right time is coming to solve it. However, you need to keep your emotions under control, so that you do not get agitated over small things. In terms of health, try to practice yoga and meditation. It will empower you both mentally and physically. Take informed decisions in financial matters; do not rush into any investments. In summary, this day will be all about communication and cooperation, which will lead to positive changes for you.

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Gemini

Ganesha says there will be a new energy and freshness in your thoughts, which will make your personality even more attractive. Social contacts are likely to increase, which will expand your network. You will be inspired to spend blissful time with your friends and family. Some positive changes can also be seen in the business sector. The results of your hard work will gradually start coming, and this will motivate you to move forward. Keep in mind that while sharing your ideology, work with empathy, this will strengthen your relationship with colleagues. It is important to be health conscious. A little attention and relaxation will give you mental freshness. Practicing yoga or meditation will be beneficial for you. This day will be full of positivity and new possibilities for you. Express your mind openly and do not hesitate to adopt new ideas.

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Taurus

Ganesha says it will prove to be a positive day for you, Taurus. You will feel energetic and full of confidence. The time has come to reap the fruits of your hard work and efforts. The workload may stress you for a while, but you will face all the challenges recognizing your strengths. Sweetness will also remain in your relationships. Spending time with your family and friends will be a source of joy for you. Conversation with someone special can give you a new vision and promote mutual understanding. A special occasion may be organized among friends or family, which will bring happiness and harmony to you. Moments spent with loved ones will give you mental peace. It is important to be health conscious. A little exercise or yoga will give peace to your mind and energy to your body. Your day will be full of happiness and positivity, just keep your thoughts and emotions balanced.

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29-09-2026