Pyramid Technoplast Ltd. · NSE:PYRAMID
Pyramid Technoplast — Q1 FY25 Earnings Presentation
33 slides from Pyramid Technoplast's earnings presentation, Aug 10, 2024
Slide 1: Exchange filing cover letter for investor presentation
SEC: 24/2024-25 Date: August 10, 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: PYRAMI
Slide 2: Pyramid Technoplast Q1 FY25 Investor Presentation
PYRAMID TECHNOPLAST LTD. Q1 FY25 Investor Presentation August, 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 13 Annexure 20 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 60,620 MTPA 68 500+ Production Fleet of Trucks Workforce Capacity We Offer: o Polymer Drums 33% 20% 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: Strategic Updates
Strategic Updates 10% 19% Unit 6 Unit 7 o Land adjacent to Unit 6 in o 1st IBC unit commissioned in Bharuch acquired. Sep’23, reached 50% capacity 5% 25% o Metal drum capacity to be util. 2nd IBC unit to be added doubled to 70k units/month by end of FY25. Volume Growth by Sep’24. o Proposed Unit 8 l
Slide 8: Key Highlights: Q1 FY25
Key Highlights: Q1 FY25 Unit 9- Land adjacent to Unit 6 in Bharuch has been acquired for setting up Unit 9, for plastic and plastic products recycling. The company will invest INR 8-10 Crores (including land purchase), with commissioning expected by FY26. At full capacity, the project will offer cos
Slide 9: Financial Highlights
Financial Highlights All amounts in Rs. Cr Revenue EBITDA and Margins (%) PAT and Margins (%) 13 13 13 13 139 135 135 133 130 11 8 8 8 7 6 9.0% 9.6% 8.2% 9.4% 9.3% 5.6% 5.9% 5.0% 5.4% 5.6% Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Revenu
Slide 10: Operational Performance: Q1 FY25
Operational Performance: Q1 FY25 Value Volume Particulars UoM FY21 FY22 FY23 FY24 Q1FY25 UoM FY21 FY22 FY23 FY24 Q1FY25 Turnover Regular Business: Polymer Drums Rs. Cr 179 214 249 254 62 MTPA 15,930 16,636 16,811 18,934 4,836 MS Drums Rs. Cr 27 45 42 47 14 MTPA 1,717 2,359 4,726 5,332 1,631 Sub Tota
Slide 11: Improving Product Mix
Improving Product Mix 5% 3% 5% 10% 7% 11% 5% 8% 8% 10% 19% 9% 9% 11% 8% 9% 9% 11% 9% 8% 27% 26% 30% 32% 35% 36% 33% 32% 33% 29% 66% 57% 53% 48% 49% 49% 52% 48% 44% 46% Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 FY20 FY21 FY22 FY23 FY24 *Others includes trading, sale of raw material, scrap and accessories co
Slide 12: Q1 FY25 Revenue Bridge
Q1 FY25 Revenue Bridge All amounts in Rs. Cr 3. .5 . Raw material prices have stabilized in the range of Rs. 96-99/kg after experiencing a sharp and continuous decline from Rs. 112/kg in April 2023 11
Slide 13: 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 14: Financial Overview
PYR4:MID- Technoplast Ltd. ‘Strong: Safe Superior
Slide 15: Quarterly Performance
Quarterly Performance All amounts in Rs. Cr Particulars Q1FY25 Q4FY24 Q1FY24 Net Sales 133.6 133.7 138.5 Other Income 1.2 0.9 1.0 Total Income 134.9 134.5 139.5 Raw Material costs 100.9 99.3 109.2 Gross Profit 34.0 35.2 30.2 Gross Profit (%) 25.2% 26.2% 21.7% Employee Cost 5.3 5.3 4.7 Other Expenses
Slide 16: 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 17: 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 18: 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 17
Slide 19: 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 18
Slide 20: 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 19
Slide 21: Annexure
PYR4:MID- Technoplast Ltd. ‘Strong: Safe Superior 20
Slide 22: 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 23: 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 22
Slide 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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 30: Diverse and Superior Customer Base
Diverse and Superior Customer Base Over 500+ Customers 29
Slide 31: 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 32: 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 - 31
Slide 33: 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