Slide 1: Exchange filing cover letter
SEC: 45/2024-25 Date: November 13, 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: PYRA
Slide 2: Q2 FY25 Investor Presentation
PYRAMID TECHNOPLAST LTD. Q2 FY25 Investor Presentation November, 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 locations Solutions 62,050 MTPA 70 500+ Production Fleet of Trucks Workforce Capacity We Offer: o Polymer Drums 33% 20% 0.07x 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: Capex Update
Capex Update o Metal drum capacity to increase from 50k/month to 90k/month by Dec. Machine installation ongoing UNIT 6 o Margin to improve with economies of scale Bharuch o 1st IBC unit commissioned in Sep’23, reached 50% capacity util. 2nd IBC unit ordered, to be added in early UNIT 7 FY26. Bharuch
Slide 8: Strategic Roadmap: Revenue Growth
Strategic Roadmap: Revenue Growth As on H1FY25 FY26 HDPE Drums 26,050 MTPA 32,530 MTPA (+25%) 4,20,000 Units 5,40,000 Units Topline growth IBC (+29%) 15%-20% MS Drums 10,800 MTPA 16,720 MTPA (+55%) Note: All capacities mentioned above are provided as the total capacity for the full year 7
Slide 9: Strategic Roadmap: Margin Expansion
Strategic Roadmap: Margin Expansion As on FY24 Action Plan For FY25 & FY26 Expected Outcome Power Cost Green Energy 15.25 MW Improved cost (Rs.19.1 Cr i.e. 30% of Initiatives (Cost reduction- efficiency Other Exp) Rs. 10cr/yr. ) 10,000 tons recycled Raw Material Cost plastic for in-house EBITDA Marg
Slide 10: Key Highlights: Q2 FY25
Key Highlights: Q2 FY25 IBC HDPE Drums MS Drums IBC saw 7% YoY volume growth but HDPE drums saw 4% YoY volume growth MS Drums saw 44% YoY volume growth revenue grew by 1% YoY due to fall in with flat revenues. Company was and revenue grew 45%. This was driven by realization along with raw material p
Slide 11: Financial Highlights
Financial Highlights All amounts in Rs. Cr Revenue EBITDA and Margins (%) PAT and Margins (%) 13 13 13 133 130 135 135 134 11 8 8 10 7 6 6 9.6% 8.2% 9.4% 9.3% 7.8% 5.9% 5.0% 5.4% 5.6% 4.3% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Revenu
Slide 12: Operational Performance
Operational Performance Value Volume Particulars UoM FY21 FY22 FY23 FY24 H1FY25 UoM FY21 FY22 FY23 FY24 H1FY25 Turnover Regular Business: Polymer Drums Rs. Cr 179 214 249 254 125 MTPA 15,930 16,636 16,811 18,934 9,759 MS Drums Rs. Cr 27 45 42 47 30 MTPA 1,717 2,359 4,726 5,332 3,493 Sub Total Rs. Cr
Slide 13: Improving Product Mix
Improving Product Mix 5% 3% 5% 10% 7% 11% 7% 5% 8% 8% 10% 9% 9% 9% 11% 9% 8% 12% 9% 9% 11% 11% 27% 26% 30% 32% 35% 36% 33% 32% 33% 33% 33% 66% 57% 53% 48% 49% 49% 47% 52% 48% 47% 46% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 FY20 FY21 FY22 FY23 FY24 H1FY25 *Other Operating Income includes trading, sale of
Slide 14: H1 FY25 Revenue Bridge
H1 FY25 Revenue Bridge All amounts in Rs. Cr 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 13
Slide 15: Capex Trend and Outlook
Capex Trend and Outlook Capex* (Rs. Cr) Strategic Priorities 1. Organic Growth 90 Capex budget of Rs. 90 Cr for FY25 (including Rs50cr for Captive Solar Power). In 1HFY25, Rs34cr has been spent. For FY26 around Rs20-30cr for new unit at Maharashtra + expansion of Unit 6 & Unit 7. Expected Asset turn
Slide 16: Financial Overview
PYRAMID Technoplast Ltd. ‘Strong: Safe~ Superior 15
Slide 17: Quarterly Performance
Quarterly Performance All amounts in Rs. Cr Particulars Q2FY25 Q1FY25 Q2FY24 Revenue from Operations 133.1 133.6 131.9 Other Income 1.0 1.2 1.5 Total Income 134.1 134.9 133.5 Raw Material costs 100.2 100.9 98.6 Gross Profit 33.8 34.0 34.9 Gross Profit (%) 25.2% 25.2% 26.1% Employee Cost 5.2 5.3 5.7
Slide 18: Annual Performance
Annual Performance All amounts in Rs. Cr Particulars FY20 FY21 FY22 FY23 FY24 H1FY25 Revenue from Operations 259.3 313.5 400.4 480.0 532.4 266.8 Other Income 0.9 2.7 2.2 2.0 4.7 2.2 Total Income 260.1 316.2 402.6 482.0 537.2 268.9 Raw Material costs 190.9 229.8 298.7 362.9 402.8 201.1 Gross Profit 6
Slide 19: Balance Sheet
Balance Sheet All amounts in Rs. Cr Equity & Liabilities FY20 FY21 FY22 FY23 FY24 H1FY25 Assets FY20 FY21 FY22 FY23 FY24 H1FY25 Equity 3.9 3.9 3.9 31.3 36.8 36.8 Non-Current Assets Reserves 28.0 44.9 71.3 76.0 185.4 198.7 Fixed Assets 48.8 51.4 51.8 69.2 106.5 125.3 Net Worth 31.9 48.9 75.2 107.3 22
Slide 20: Key Ratios
Key Ratios Net Debt* to Equity (In Times) Interest Coverage (In Times) 18.1 1.0 0.8 14.8 11.7 0.5 8.2 5.3 0.1 0.0 FY21 FY22 FY23 FY24 Sep-24 FY21 FY22 FY23 FY24 H1FY25 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 Offering complete bulk industrial packaging solutions Quality standard Strategic locations of certification & quality tests Manufacturing units 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 Mr. Bijaykumar Agarwal Mr. Jaiprakash Agarwal Managing Director & Chairman Whole Time Director & CFO With over three decades of experience Master’s degree holder from ICFAI in the packaging industry, Mr. Agarwal University, Dehradun, Mr. Agarwal has oversees finance, raw
Slide 34: 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