Pyramid Technoplast Ltd
NSE:PYRAMID
Pyramid Technoplast Ltd
Pyramid Technoplast Ltd. operates as a packaging company. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-08-29. The firm is engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. The company is a manufacturer of rigid intermediate bulk containers (IBC) in India manufacturing approximately 1,000 liter capacity IBC. The firm is also a manufacturer of MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and specialty chemicals. Its products are marketed and sold under its brand name Pyramid. The firm manufactures various polymer-based products which are categorized into Polymer Drums and IBC. Its Polymer Drums include Full Open Top Drums, Narrow Mouthed Drums, Wide Mouthed Drums, and Jerry Cans and Polycans. The company also manufactures injection molded products such as caps, closures, bungs, lids, handles, lugs, and others.
Pyramid Technoplast Ltd. operates as a packaging company. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-08-29. The firm is engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. The company is a manufacturer of rigid intermediate bulk containers (IBC) in India manufacturing approximately 1,000 liter capacity IBC. The firm is also a manufacturer of MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and specialty chemicals. Its products are marketed and sold under its brand name Pyramid. The firm manufactures various polymer-based products which are categorized into Polymer Drums and IBC. Its Polymer Drums include Full Open Top Drums, Narrow Mouthed Drums, Wide Mouthed Drums, and Jerry Cans and Polycans. The company also manufactures injection molded products such as caps, closures, bungs, lids, handles, lugs, and others.
Revenue Growth: Q3 revenue rose 5% year-on-year to INR 162 crores, with 9-month revenue up 16% to INR 486 crores, driven by higher volumes across product categories.
Margins Under Pressure: EBITDA declined 2% to INR 12 crores and PAT fell 29% year-on-year to INR 4.8 crores, as higher fixed costs weighed on margins during the capacity ramp-up phase.
Capacity Expansion: Installed capacity increased to 75,856 metric tons per annum, with the new Wada plant fully operational and utilization expected to rise to 75% next year.
Cost-Saving Initiatives: Commissioned recycling and solar power plants expected to deliver annual power cost savings of INR 15 crores and reduce raw material costs by 10%.
Profitability Outlook: Management expects margin improvement from next quarter as operational leverage and cost benefits from recent projects kick in; targets 10–11% EBITDA margins.
CapEx Wind Down: Major CapEx cycle is largely complete, with only routine maintenance and small investments planned for FY '27.
Demand & Market Conditions: Demand remains strong across product lines, and management is optimistic about scaling utilization and capturing market growth.
