Past 10 year's financial track record analysis by Moneyworks4me indicates that Pyramid Technoplast Ltd is a average quality company.
The key valuation ratios of Pyramid Technoplast Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pyramid Technoplast Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.1% | 31.5% | 33.3% | 31% | 21% | - |
| Value Creation Index ⓘ | 0.4 | 1.3 | 1.4 | 1.2 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 259 | 314 | 400 | 480 | 532 | 529 |
| Sales YoY Gr. | - | 20.9% | 27.7% | 19.9% | 10.9% | - |
| Adj EPS ⓘ | 1.8 | 5.1 | 8.3 | 10 | 7.4 | 7.3 |
| YoY Gr. | - | 184% | 60.7% | 20.7% | -25.5% | - |
| BVPS (₹) ⓘ | 10.2 | 15.6 | 24 | 34.3 | 60.4 | 64 |
| Adj Net Profit ⓘ | 5.7 | 16.1 | 25.8 | 31.2 | 27.3 | 27 |
| Cash Flow from Ops. ⓘ | 12.4 | 8.4 | -6 | 39 | -3.8 | - |
| Debt/CF from Ops. ⓘ | 3.7 | 6.1 | -10.7 | 1.4 | -5.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 19.3% | 10.9% | ||||
| Adj EPS ⓘ | NA | NA | 13.1% | -25.5% | ||||
| BVPSⓘ | NA | NA | 57% | 76.2% | ||||
| Share Price | - | - | - | -6.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.7 | 39.8 | 41.7 | 34.2 | 16.6 | 11.8 |
| Op. Profit Mgn % ⓘ | 6.9 | 9.5 | 10.6 | 10.4 | 8.3 | 7.9 |
| Net Profit Mgn % ⓘ | 2.2 | 5.1 | 6.5 | 6.5 | 5.1 | 5.1 |
| Debt to Equity ⓘ | 1.5 | 1.1 | 0.9 | 0.5 | 0.1 | 0 |
| Working Cap Days ⓘ | 0 | 99 | 102 | 105 | 111 | 62 |
| Cash Conv. Cycle ⓘ | 0 | 37 | 53 | 55 | 61 | 36 |
Sales growth is growing at healthy rate in last 3 years 19.31%
Net Profit is growing at healthy rate in last 3 years 13.07%
Return on Equity has declined versus last 3 years average to 11.80%
Sales growth is not so good in last 4 quarters at 3.07%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.3 | - |
| TTM Sales (₹ Cr.) | 529 | - |
| BVPS (₹.) ⓘ | 64 | - |
| Reserves (₹ Cr.) ⓘ | 199 | - |
| P/BV ⓘ | 3.03 | - |
| PE ⓘ | 26.41 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 135.00 / 258.70 |
| All Time Low / High (₹) | 135.00 / 258.70 |
| Market Cap (₹ Cr.) | 713 |
| Equity (₹ Cr.) | 36.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 25 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 259 | 314 | 400 | 480 | 532 |
| Operating Expenses ⓘ | 241 | 284 | 358 | 430 | 488 |
| Manufacturing Costs | 31 | 31 | 36 | 41 | 51 |
| Material Costs | 191 | 230 | 299 | 363 | 403 |
| Employee Cost | 12 | 15 | 16 | 18 | 21 |
| Other Costs ⓘ | 8 | 8 | 8 | 9 | 13 |
| Operating Profit ⓘ | 18 | 30 | 42 | 50 | 44 |
| Operating Profit Margin (%) | 6.9% | 9.5% | 10.5% | 10.4% | 8.3% |
| Other Income ⓘ | 1 | 3 | 2 | 2 | 5 |
| Interest ⓘ | 7 | 5 | 5 | 4 | 2 |
| Depreciation ⓘ | 4 | 4 | 4 | 5 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | 23 | 35 | 43 | 40 |
| Tax ⓘ | 2 | 6 | 9 | 11 | 11 |
| Profit After Tax | 6 | 17 | 26 | 32 | 29 |
| PAT Margin (%) | 2.1% | 5.4% | 6.5% | 6.6% | 5.5% |
| Adjusted EPS (₹) | 1.8 | 5.4 | 8.4 | 10.2 | 8.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 32 | 49 | 75 | 107 | 222 | |||||
| Share Capital ⓘ | 4 | 4 | 4 | 31 | 37 | |||||
| Reserves ⓘ | 28 | 45 | 71 | 76 | 185 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 41 | 47 | 58 | 49 | 18 | |||||
| Long Term Debt | 19 | 22 | 11 | 18 | 2 | |||||
| Short Term Debt | 22 | 26 | 47 | 32 | 16 | |||||
| Trade Payables | 36 | 42 | 32 | 49 | 45 | |||||
| Others Liabilities ⓘ | 17 | 16 | 19 | 20 | 18 | |||||
| Total Liabilities ⓘ | 125 | 153 | 184 | 226 | 303 | |||||
Fixed Assets | ||||||||||
| Gross Block | 69 | 76 | 78 | 95 | 131 | |||||
| Accumulated Depreciation | 20 | 24 | 28 | 33 | 39 | |||||
| Net Fixed Assetsⓘ | 49 | 51 | 49 | 62 | 92 | |||||
| CWIP ⓘ | 0 | 0 | 2 | 7 | 14 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 9 | |||||
| Inventories | 14 | 22 | 37 | 45 | 59 | |||||
| Trade Receivables | 49 | 64 | 75 | 77 | 99 | |||||
| Cash Equivalents | 2 | 5 | 3 | 6 | 6 | |||||
| Others Assetsⓘ | 11 | 12 | 16 | 28 | 23 | |||||
| Total Assets ⓘ | 125 | 153 | 184 | 226 | 303 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12 | 8 | -6 | 39 | -4 |
| PBT ⓘ | 8 | 23 | 35 | 43 | 40 |
| Adjustment ⓘ | 9 | 8 | 8 | 8 | 7 |
| Changes in Working Capital ⓘ | -2 | -17 | -40 | -4 | -39 |
| Tax Paid ⓘ | -2 | -6 | -9 | -9 | -12 |
| Cash Flow From Investing Activity ⓘ | -7 | -7 | -4 | -24 | -44 |
| Capex | -7 | -7 | -5 | -22 | -44 |
| Net Investments | 0 | 0 | 0 | -2 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | -6 | 1 | 9 | -13 | 49 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 86 |
| Net Proceeds from Borrowing ⓘ | -2 | 3 | -10 | 6 | -16 |
| Interest Paid ⓘ | -6 | -4 | -4 | -3 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 2 | 24 | -16 | -19 |
| Net Cash Flow ⓘ | 0 | 2 | -1 | 2 | 1 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.38 | 42.07 | 42.15 | 34.82 | 17.81 | |||||
| ROCE (%) | 19.11 | 31.5 | 33.33 | 30.98 | 20.97 | |||||
| Asset Turnover Ratio | 2.07 | 2.25 | 2.37 | 2.34 | 2.01 | |||||
| PAT to CFO Conversion(x) | 2 | 0.47 | -0.23 | 1.22 | -0.14 | Working Capital Days | ||||
| Receivable Days | 69 | 66 | 64 | 58 | 60 | |||||
| Inventory Days | 20 | 21 | 27 | 32 | 36 | |||||
| Payable Days | 68 | 61 | 45 | 41 | 43 | |||||
The company was originally incorporated as ‘Pyramid Technoplast Private Limited’ a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated December 30, 1997, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Subsequently, the name of the company was changed to ‘Pyramid Technoplast Limited’ upon conversion into public company, pursuant to shareholders resolution dated February 10, 2023 and a fresh certificate of incorporation consequent to conversion was issued on March 29, 2023 by the Registrar of Companies, Mumbai.
The company is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. Rigid IBCs are manufactured across a volume range which is in between that of standard shipping drums and intermodal tank containers, hence the title intermediate bulk container. It also manufacture MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and speciality chemicals.
The company use blow molding technology to manufacture Polymer Drums and IBCs. Injection molding technology is used for manufacturing caps, closures, bungs, lids, handles, lugs, etc. for in-house use. Its products are marketed and sold under its brand name ‘Pyramid’. It started commercial production in the year 1998 in Unit I. Presently, it has six strategically situated manufacturing units out of which four are in Bharuch, GIDC, Gujarat and two are situated at Silvassa, UT of Dadra and Nagar Haveli. The seventh manufacturing unit is under construction at the Bharuch, GIDC, Gujarat adjacent to the existing six units.
The company has obtained UN certification for IBC and MS Drums to meet safety levels outlined by United Nations Recommendations on the Transport of Dangerous Goods, in order to transport them safely (by road, rail, sea and air). Its manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health and safety management systems for the manufacture of Polymer Drums, carboys, jerry cans, IBC & MS Drums and accessories connected thereto. Further, its MS Drums meet quality standards as per IS 1783:2014 laid down by Bureau of Indian Standards.
Business area of the company
The company is a one of the leader in making and selling a wide range of HM-HDPE packaging products. Its portfolio includes many different types of packaging and storage containers that are both affordable and of the highest quality. It has established itself as a trusted intermediate bulk container manufacturer in India, delivering high-quality packaging solutions to a diverse range of industries.
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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