NSE: PYRAMID · BSE: 543969 · ISIN INE0MIS01010
Pyramid Technoplast Limited stock analysis
Pyramid Technoplast Limited ranks #3439 in the TickerSutra evidence-ranked universe with a score of 40/100 and 89% data confidence. The latest captured fundamentals show ROCE of 12.3%, quarterly sales growth of 35.8% and quarterly profit growth of 32.1%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹400cr | ₹42cr | ₹26cr | 11.0% |
| 2023 | ₹480cr | ₹50cr | ₹32cr | 10.0% |
| 2024 | ₹532cr | ₹44cr | ₹29cr | 8.0% |
| 2025 | ₹591cr | ₹43cr | ₹27cr | 7.0% |
| 2026 | ₹681cr | ₹56cr | ₹29cr | 8.0% |
| TTM | ₹740cr | ₹63cr | ₹31cr | 9.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Pyramid Technoplast Limited has informed the Exchange regarding the trading window closure pursuant to SEBI(Prohibition of Insider Trading)Regulations, 2015.
RoutinePyramid Technoplast Ltd - 543969 - Announcement under Regulation 30 (LODR)-Credit RatingBSE · 25 Sept 2026Pyramid Technoplast Limited has informed the Exchange about Credit Rating.
RoutinePyramid Technoplast Ltd - 543969 - Change In AuditorsNSE · 22 Sept 2026Pyramid Technoplast Limited has informed the Exchange regarding Appointment of M/S Desai Saksena and Associates as Statutory Auditors of the Company.
RoutinePyramid Technoplast Ltd - 543969 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 22 Sept 2026Summary Proceedings of 28th AGM of Pyramid Technoplast Limited held on 22nd September, 2026 through Video Conferencing.
RoutineShareholders meetingNSE · 22 Sept 2026Pyramid Technoplast Limited has informed the Exchange regarding Proceedings of 28th Annual General Meeting held on September 22, 2026 through Video Conferencing.
MANAGEMENT COMMENTARY
Signals from filed documents
The path to the protected per unit profitability. EBITDA grew 50% year-on-year basis with margins at 10%, reflecting the operating leverage kicking in as the total expenses rose only modestly despite new plant commissioning. PAT grew by 32% year-on-basis to 10.5 crore with margins at 5% despite a sharp rise in financial cost by 179% and depreciation by 61% year -on-year basis tied to capacity Pyramid Technoplast Limi
The path to the protected per unit profitability. EBITDA grew 50% year-on-year basis with margins at 10%, reflecting the operating leverage kicking in as the total expenses rose only modestly despite new plant commissioning. PAT grew by 32% year-on-basis to 10.5 crore with margins at 5% despite a sharp rise in financial cost by 179% and depreciation by 61% year -on-year basis tied to capacity Pyramid Technoplast Limi
We expect this to be supported by higher utilization, volume recovery, greater contribution from value - added products, and solar savings and recycling benefits. We have also maintained a disciplined approach to capital allocation with FY27 Capex planned at approximately 20 to 25 crore, primarily towards K utch expansion and deployed in line with actual. To summarize, the last phase was about building capacity.
Kumar Saurabh Congratulations on a good set of numbers, sir. We gave a margin guidance of 11-12% and 15% of sales growth. And now we have done a margin of 9.5%.
This was partly offset by strong MS drums growth. Gross profit rose 19% year -on-basis, but gross margin compressed a little to 23% as raw material costs rose in step with price increase. Importantly, gross margin in rupees terms for HDPE remained stable.
They will send it to their customer. It’s a 2 -3 months process, until we get approval from there, we can’t do anything. Saket Kapoor Sir, you are saying that solar has saved Rs.
How will this number keep on shaping up? And how long is our cash conversion cycle? How many days do we generate cash from debtors?
Our financial front revenue grew by 36% year on year to 222 crores. Growth has driven primarily by price increase as sharp increases in raw m aterial costs were passed to customers. HDPE polymer drum tonnage was down 4% year on year and I BC volumes were little hit as export demand suffered due to the war.
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“Kumar Saurabh Congratulations on a good set of numbers, sir. We gave a margin guidance of 11-12% and 15% of sales growth. And now we have done a margin of 9.5%.”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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