Pyramid Technoplast Ltd. · NSE:PYRAMID
Pyramid Technoplast — Q4 FY24 Earnings Presentation
35 slides from Pyramid Technoplast's earnings presentation, May 23, 2024
Slide 1: Exchange covering letter for investor presentation
SEC: 11/2024-25 Date: May 23, 2024 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Bldg., P. J. Towers, Bandra- Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 051 Mumbai 400 001 Symbol: PYRAMID S
Slide 2: Q4 & FY24 Investor Presentation
PYRAMID TECHNOPLAST LTD. Q4 & FY24 Investor Presentation May, 2024 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Pyramid Technoplast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Index
Index Business Overview & Strategic Update 04 Financial Overview 15 Annexure 22 3
Slide 5: Pyramid Technoplast: At a glance
Pyramid Technoplast: At a glance 26 Years of 7 Pan-India 500+ Excellence in bulk Manufacturing Presence Satisfied customer Industrial Packaging facilities at Strategic Solutions locations 51,489 MTPA 62 500+ Production Fleet of Trucks Workforce Capacity We Offer: o Polymer Drums 33% 19% 0.02x o IBCs
Slide 6: Company Overview
Company Overview Founded in 1997, Pyramid is a prominent industrial packaging company known for our polymer-based molded products. Specialize in rigid Intermediate Bulk Containers (IBCs), Polymer Drums and Mild Steel Drums used by the chemical, agrochemical, specialty chemical, and pharmaceutical in
Slide 7: FY24 Scorecard
FY24 Scorecard 10% 10% 50% 19% 9.1% 90 % 5% 25% 8% 12% 25% 100 % Volume Growth EBITDA Margin Planned Capacity Expansion EBITDA Margin reduced by 170bps due to raw Delivered on volume growth and gained market Unit 7, line 1 got commissioned well in time. material price weakness and increase in expens
Slide 8: Key Highlights: Q4 & FY24
Key Highlights: Q4 & FY24 Unit 7 – Line 1 of IBC has reached 50% capacity utilization. Line 2 of IBC to be ordered soon. Proposed Unit 8 land merged into Unit 7 for better efficiency, allowing expansion of both IBC and HDPE polymer drums. Unit 6 – metal drum capacity was increased from 30k/month to
Slide 9: Financial Highlights
Financial Highlights All amounts in Rs. Cr Revenue EBITDA and Margins (%) PAT and Margins (%) 537 52 32 482 49 29 50 44 26 403 316 40 33 17 260 30 19 20 6 10 7.2% 10.3% 11.0% 10.8% 9.1% 2.1% 5.4% 6.5% 6.6% 5.5% 0 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Revenue EBIT
Slide 10: Operational Performance: FY24
Operational Performance: FY24 Value Volume Particulars UoM FY21 FY22 FY23 FY24 UoM FY21 FY22 FY23 FY24 Turnover Regular Business: Polymer Drums Rs. Cr 179 214 248 254 MTPA 15,930 16,636 16,811 18,950 MS Drums Rs. Cr 27 45 42 47 MTPA 1,717 2,359 4,726 5,332 Sub Total Rs. Cr 206 259 290 301 MTPA 17,64
Slide 11: Improving Product Mix
Improving Product Mix 3% 5% 10% 7% 5% 5% 8% 8% 10% 19% 9% 9% 11% 9% 8% 9% 9% 8% 27% 26% 30% 32% 35% 36% 33% 33% 29% 66% 57% 53% 48% 49% 49% 52% 48% 44% Q1FY24 Q2FY24 Q3FY24 Q4FY24 FY20 FY21 FY22 FY23 FY24 Polymer Drums IBC MS Drums Others* *Others includes trading, sale of raw material, scrap and ac
Slide 12: Q4 FY24 Revenue Bridge
Q4 FY24 Revenue Bridge All amounts in Rs. Cr Revenue up 9% YoY 11
Slide 13: FY24 Revenue Bridge
FY24 Revenue Bridge All amounts in Rs. Cr Revenue up 11% YoY 12
Slide 14: Project Update
Project Update Unit 6 Unit 7 Unit 8 Mah Unit Land adjacent to Unit 1st IBC unit was Unit 8 Land has been Land acquired; Phase 6 acquired. Metal commissioned in merged with Unit 7. 1 construction drum capacity to be Sep’23, has now All IBC and Polymer commenced. doubled to 70k reached 50% capacity dr
Slide 15: Capex Trend and Outlook
Capex Trend and Outlook Capex* (Rs. Cr) Strategic Priorities 01. Organic Growth 45-55 45-55 Capex budget of Rs. 45-55 Cr per year for FY25 and 37 FY26 for new unit at Maharashtra + expansion of Unit 6 & Unit 7. Expected Asset turnover - 5x. 02. Balance Sheet Strength To fund capex from internal accr
Slide 16: Financial Overview
PYRAMID Technoplast Ltd. ‘Strong; Safe: Superior
Slide 17: Quarterly Performance
Quarterly Performance All amounts in Rs. Cr Particulars Q4FY24 Q3FY24 QoQ Q4FY23 Net Sales 133.7 128.3 4% 123.1 Other Income 0.9 1.4 -38% 1.3 Total Income 134.5 129.7 4% 124.4 Raw Material costs 99.3 95.7 4% 92.9 Gross Profit 35.2 34.0 4% 31.6 Gross Profit (%) 26.2% 26.2% - 25.4% Employee Cost 5.3 5
Slide 18: Annual Performance
Annual Performance All amounts in Rs. Cr Particulars FY20 FY21 FY22 FY23 FY24 Net Sales 259.3 313.5 400.4 480.0 532.4 Other Income 0.9 2.7 2.2 2.0 4.7 Total Income 260.1 316.2 402.6 482.0 537.2 Raw Material costs 190.9 229.8 298.7 362.9 402.8 Gross Profit 69.2 86.4 103.9 119.1 134.3 Gross Profit (%)
Slide 19: Balance Sheet
Balance Sheet All amounts in Rs. Cr Equities & Liabilities FY20 FY21 FY22 FY23 FY24 Assets FY20 FY21 FY22 FY23 FY24 Equity 3.9 3.9 3.9 31.3 36.8 Non-Current Assets Reserves 28.0 44.9 71.3 76.0 185.4 Fixed Assets 48.8 51.4 51.8 69.2 106.5 Net Worth 31.9 48.9 75.2 107.3 222.2 Non-Current Investment 1.
Slide 20: Key Ratios
Key Ratios Net Debt* to Equity (In Times) Interest Coverage (In Times) 18.1 1.0 0.8 11.7 0.5 8.2 5.3 0.0 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Note: *Cash and cash equivalents consists of cash, bank and current investments 19
Slide 21: Key Ratios
Key Ratios Current Ratio (In Times) Fixed Asset Turnover Ratio (In Times) 2.6 7.6 7.7 6.2 5.8 1.6 1.4 1.3 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Fixed Asset Turnover Ratio= Revenue from Operations/ Average Total Fixed Assets 20
Slide 22: Key Ratios
Key Ratios Working Capital Cycle (In days) Earnings Per Share (In ₹) 75 68 68 66 10.24 59 53 8.43 8.49 50 46 46 41 39 34 5.41 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Creditors Day Inventory Days Debtors Day 21
Slide 23: Annexure
PYRAMID Technoplast Ltd. ‘Strong; Safe: Superior 22
Slide 24: Our Journey
Our Journey 1997 1998 2003 Incorporation of Commenced production of Acquired majority shareholding Company Polymer Drums at Silvassa. in Company by Promoters and Promoter Group. 2016 2014 2013 2011 Commence production of IBC at Bharuch Achieved Turnover of Expansion of Expansion of Receipt design re
Slide 25: Our Key Strengths
Our Key Strengths… Comprehensive Product portfolio Diverse Customer Base Quality standard Strategic locations of Offering complete bulk industrial packaging solutions certification and quality Manufacturing units tests 24
Slide 26: IBC Containers
IBC Containers Streamlining Logistics and Enhancing Efficiency • Pyramid Technoplast is a leading manufacturer of rigid Intermediate Bulk Containers (IBCs), specializing in the production of 1000- liter capacity IBCs. • With a strong focus on organization, mobility, and integration capabilities, our
Slide 27: Plastic Barrels
Plastic Barrels Versatile Solutions For Industrial Packaging • Pyramid Technoplast is engaged in the manufacturing of all types of plastic barrels, containers, and HDPE drums that are widely used for industrial and commercial applications. Their plastic drums and containers are supplied to chemical,
Slide 28: MS Drums
MS Drums Meeting Diverse Packaging Needs • Pyramid Technoplast serves as a one-stop shop for all your packaging needs, offering a wide range of drum options such as General- Purpose Metal drums, Epoxy Coated/Lacquered drums, Composite drums, Galvanized drums, and Open top drums. • The Company's IBCs
Slide 29: State Of The Art Manufacturing Facilities
State Of The Art Manufacturing Facilities Powering Innovation & Production Excellence Unit 1 Unit 2 Unit 3 Located in Silvassa. Located in Silvassa. Located in Vilayat Vagra GIDC Bharuch. Installed capacity 5,180 MTPA. Installed capacity 3,282 MTPA. Installed capacity 6,694. MTPA. Area 4,018 Sq. M.
Slide 30: Precision, Quality, Innovation
Precision, Quality, Innovation Empowering Manufacturing Excellence with Advanced Technologies Fully automated machines with advanced blow molding technologies are utilized in the manufacturing process. National and international standard molds and dyes are used to ensure high-quality production. Air
Slide 31: Certifications
Certifications Recognitions Of Quality & Global Compliance Quality Certification Approved International TUV International TUV Certification Pyramid Technoplast IBC – Pyramid Technoplast IBC – and certified by IIP Govt of India Certification of IBC From of IBC From TUV Singapore Collection Service in
Slide 32: Diverse and Superior Customer Base
Diverse and Superior Customer Base Over 500+ Customers 31
Slide 33: Experienced Leadership Team
Experienced Leadership Team Experience in packaging B.com Graduate from Mumbai industry of over 3 decades. University and Masters from ICFAI University, Dehradun. Looks after Finance, raw material Procurement, More than 19 years of experience in Customer Servicing and the packaging Industry. Busines
Slide 34: Utilization of Net Issue Proceeds
Utilization of Net Issue Proceeds Utilization of Net Issue Proceeds (Rs. Cr) 5 Repayment/ Prepayment of Certain Outstanding Borrowing 47 % Funding Working Capital Requirements 47 % 40 General Corporate Purpose 6% 40 Unutilized as on Mar’24 - 33
Slide 35: Thank You
Pyramid Technoplast Limited Office No. 2, Second Floor, Shah Trade Center, Rani Sati Marg, Near W.E. Highway, Malad (East), Mumbai - 400 097, Maharashtra, India. Phone: +91 22 42761500 Email: info@pyramidtechnoplast.com Website: www.pyramidtechnoplast.com Investor Relations Go India Advisors Name: M