Polypyrrole(PPy) was composite with MWNT to attain cycle stable by chemical method. We have been considered PPy is the ideal material for high energy density electrochemical capacitor due to pseudo capacitor reaction. In this study we found that increase in cycle life due to composite MWNT. Also PPy/MWNT composite material have resulted larger capacitance and exhibits better electrochemical behavior. The structural feature was investigated by using SEM and TEM. The PPy/CNT composite is not only a promising ultracapacitor material for energy storages but also has a good possibility because of its great capacitive properties, simple preparation and low cost.