Earnings Call/Transcript
Pyramid Technoplast Q2 FY27 Earnings Call Transcript
Pyramid Technoplast Limited filed the transcript of its November 6, 2026 analyst and investor call discussing unaudited Q2 and H1 FY27 financial results.
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Industrial Products
Packaging
553 Cr
Low Risk
15.9
31.9
2.0
1.9
198.70
132.20
Sales CAGR
Profit CAGR
ROE
ROCE
Pyramid Technoplast Ltd (PYRAMID) is currently trading at 149.50 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Pyramid Technoplast Limited manufactures rigid industrial packaging, including polymer drums, intermediate bulk containers, and mild-steel drums, primarily for chemical, agrochemical, specialty chemical, pharmaceutical, and food-related customers. The company operates eight manufacturing units and is one of India’s leading rigid IBC manufacturers, with reported capacities of 27,203 MTPA polymer drums, 420,000 IBC units, and 10,800 MTPA MS drums. Q2 FY27 demonstrated volume-led recovery rather than merely price-driven growth. Revenue increased 48% year-on-year to approximately Rs. 238 crore, while volumes rose 21%; EBITDA grew 61% to Rs. 20.3 crore, and EBITDA per ton reached approximately Rs. 13,718, up 33% year-on-year, indicating improved economics despite higher freight and financing costs. The company is transitioning from a capacity-building phase toward utilization and returns. Wada is operating across IBCs, SDP drums, and MS drums, Kutch is planned for March 2027, and management expects utilization to reach 75–80%; this provides meaningful internal growth potential without immediately repeating the heavy FY26 capital-spending cycle. Energy and circularity initiatives are becoming financially material. The solar portfolio generated approximately Rs. 3.89 crore of H1 FY27 savings, with the full 14.25 MW expected to save nearly Rs. 15 crore annually, while the recycling plant generated Rs. 33 lakh of Q2 EBITDA and is expected to contribute approximately Rs. 2 crore in FY27. Customer concentration appears moderate, with more than 500 customers, the largest contributing approximately 6% of revenue, and the top ten contributing about 29%. However, the company remains exposed to chemical-industry activity, freight economics, working-capital requirements, and management execution as new facilities and product lines are progressively ramped.
Over the past 52 weeks, Pyramid Technoplast Ltd has traded between a low of ₹132.20 and a high of ₹198.70. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Pyramid Technoplast Ltd has a market capitalization of approximately 553.43. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Pyramid Technoplast Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 15.94 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 553.43 Cr, Pyramid Technoplast Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Pyramid Technoplast Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Pyramid Technoplast Ltd is 15.94. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Pyramid Technoplast said its total solar-project investment is Rs 60 crore. The programme covers 14.25 MW across Maharashtra and Bharuch, including a final 1 MW Bharuch phase that was in pre-charging during the November 2026 call.
Pyramid Technoplast expects to commission the Kutch facility by March 2027. Management gave the timeline during its November 6, 2026 Q2 FY27 earnings call and did not provide a more precise production-start date.
Pyramid Technoplast initially said it was targeting an FY27 EBITDA margin of 11% to 12%. During the November 6, 2026 call, management gave a more specific expectation of about 11%, comprising 9.5% from operations and 1.5 percentage points from subsidies.
Pyramid said debtors increased from Rs 23 crore to Rs 33 crore because sales increased. Management characterised the Rs 10 crore rise as cash invested in the business, but it did not disclose collection days or the customer mix behind the increase.
