Pyramid Technoplast Ltd - Stock Valuation and Financial Performance

BSE: 543969 | NSE: PYRAMID | Packaging | Small Cap

Pyramid Technoplast Share Price

217.45 -0.35 -0.16%
as on 03-Dec'24 16:59

DeciZen - make an informed investing decision on Pyramid Technoplast

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Pyramid Technoplast stock performance -

mw4me loader
P/E Ratio (SA):
29.66
Market Cap:
801.2 Cr.
52-wk low:
135
52-wk high:
258.7

Is Pyramid Technoplast Ltd an attractive stock to invest in?

1. Is Pyramid Technoplast Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pyramid Technoplast Ltd is a average quality company.

2. Is Pyramid Technoplast Ltd undervalued or overvalued?

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.

3. Is Pyramid Technoplast Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Pyramid Technoplast Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Pyramid Technoplast:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pyramid Technoplast Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.1%31.5%33.3%31%21%-
Value Creation
Index
0.41.31.41.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 259314400480532529
Sales YoY Gr.-20.9%27.7%19.9%10.9%-
Adj EPS 1.85.18.3107.47.3
YoY Gr.-184%60.7%20.7%-25.5%-
BVPS (₹) 10.215.62434.360.464
Adj Net
Profit
5.716.125.831.227.327
Cash Flow from Ops. 12.48.4-639-3.8-
Debt/CF from Ops. 3.76.1-10.71.4-5.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA19.3%10.9%
Adj EPS NANA13.1%-25.5%
BVPSNANA57%76.2%
Share Price - - - 9.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
17.739.841.734.216.611.8
Op. Profit
Mgn %
6.99.510.610.48.37.9
Net Profit
Mgn %
2.25.16.56.55.15.1
Debt to
Equity
1.51.10.90.50.10
Working Cap
Days
09910210511162
Cash Conv.
Cycle
03753556136

Recent Performance Summary

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%

Latest Financials - Pyramid Technoplast Ltd.

Standalone Consolidated
TTM EPS (₹) 7.3 -
TTM Sales (₹ Cr.) 529 -
BVPS (₹.) 64 -
Reserves (₹ Cr.) 199 -
P/BV 3.40 -
PE 29.66 -
From the Market
52 Week Low / High (₹) 135.00 / 258.70
All Time Low / High (₹) 135.00 / 258.70
Market Cap (₹ Cr.) 801
Equity (₹ Cr.) 36.8
Face Value (₹) 10
Industry PE 26.6

Management X-Ray of Pyramid Technoplast:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Pyramid Technoplast

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Sales259314400480532
Operating Expenses 241284358430488
Manufacturing Costs3131364151
Material Costs191230299363403
Employee Cost 1215161821
Other Costs 888913
Operating Profit 1830425044
Operating Profit Margin (%) 6.9%9.5%10.5%10.4%8.3%
Other Income 13225
Interest 75542
Depreciation 44456
Exceptional Items 00000
Profit Before Tax 823354340
Tax 2691111
Profit After Tax 617263229
PAT Margin (%) 2.1%5.4%6.5%6.6%5.5%
Adjusted EPS (₹)1.85.48.410.28.0
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 324975107222
Share Capital 4443137
Reserves 28457176185
Minority Interest00000
Debt4147584918
Long Term Debt192211182
Short Term Debt2226473216
Trade Payables3642324945
Others Liabilities 1716192018
Total Liabilities 125153184226303

Fixed Assets

Gross Block69767895131
Accumulated Depreciation2024283339
Net Fixed Assets4951496292
CWIP 002714
Investments 00009
Inventories1422374559
Trade Receivables4964757799
Cash Equivalents 25366
Others Assets1112162823
Total Assets 125153184226303

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 128-639-4
PBT 823354340
Adjustment 98887
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 000-2-1
Others 00001
Cash Flow From Financing Activity -619-1349
Net Proceeds from Shares 000086
Net Proceeds from Borrowing -23-106-16
Interest Paid -6-4-4-3-2
Dividend Paid 00000
Others 2224-16-19
Net Cash Flow 02-121
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)17.3842.0742.1534.8217.81
ROCE (%)19.1131.533.3330.9820.97
Asset Turnover Ratio2.072.252.372.342.01
PAT to CFO Conversion(x)20.47-0.231.22-0.14
Working Capital Days
Receivable Days6966645860
Inventory Days2021273236
Payable Days6861454143

Pyramid Technoplast Ltd Stock News

Pyramid Technoplast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pyramid Technoplast on 03-Dec-2024 16:59 is ₹217.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of Pyramid Technoplast stood at ₹801.2.
The latest P/E ratio of Pyramid Technoplast as of 03-Dec-2024 16:59 is 29.66.
The latest P/B ratio of Pyramid Technoplast as of 03-Dec-2024 16:59 is 3.40.
The 52-week high of Pyramid Technoplast is ₹258.7 and the 52-week low is ₹135.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pyramid Technoplast is ₹528.7 ( Cr.) .

About Pyramid Technoplast Ltd

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

  • 1997: Incorporation of the company.
  • 1998: Commencement of production of Polymer Drums at Silvassa, UT of Dadra and Nagar Haveli.
  • 2003: Acquired majority of shareholding in the company by its Promoters and Promoter Group.
  • 2011: Expansion of production of Polymer Drums at Silvassa, UT of Dadra and Nagar Haveli.
  • 2013: Expansion of production of Polymer Drums at Bharuch, Gujarat.
  • 2014: Achieved Turnover of Rs 10,000 lakh.
  • 2016: Commencement of production of IBC at Bharuch, Gujarat.
  • 2016: Receipt of design registration for product, Intermediate Bulk Container (IBC) from the Controller General of Patents, Designs and Trade Marks.
  • 2018: Expansion of production of Polymer Drums at Bharuch, Gujarat.
  • 2019: Commencement of production of MS Drums at Bharuch, Gujarat.
  • 2019: Achieved Turnover of Rs 20,000 lakh.
  • 2021: Acquired land and started construction at GIDC Vilayat Industrial Estate for expansion of IBC manufacturing operations.
  • 2022: Achieved Turnover of Rs 40,000 lakh.
  • 2023: Conversion of the company from private limited to public limited.
  • 2023: Obtained provisional consent to establish from Gujarat pollution control Board for setting up of Unit VII.

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