### **Company Overview** Pyramid Technoplast Limited, founded in 1997, is a leading Indian manufacturer of industrial bulk packaging solutions. The company specializes in **rigid Intermediate Bulk Containers (IBCs)**, **Polymer Drums (HDPE/HM-HDPE)**, and **Mild Steel (MS) Drums**, serving key industries such as **chemicals, agrochemicals, specialty chemicals, pharmaceuticals, food & beverage, and oil & gas**. With a 27-year legacy and a strong focus on technology, sustainability, and operational efficiency, Pyramid Technoplast has emerged as a market leader in IBCs in India, holding approximately **40% market share** in the segment. The company went public in FY24 and is listed on both the **NSE and BSE**, marking a significant milestone in its growth journey. --- ### **Manufacturing & Capacity (Nov 2025 Update)** Pyramid Technoplast operates **nine manufacturing units** across Gujarat, Maharashtra, and Silvassa: - **Units 1 & 2**: Silvassa - **Units 3–7**: Bharuch, Gujarat (GIDC) - **Unit 8**: Wada, Palghar, Maharashtra - **Unit 9**: Bharuch, Gujarat (dedicated recycling plant) **Total Annual Production Capacity (as of Nov 2025):** - **Polymer Drums**: 33,026 MTPA - **Intermediate Bulk Containers (IBCs)**: 600,000 units - **MS Drums**: 10,800 MTPA This represents a **significant expansion** from earlier figures, driven by: - Commissioning of **Phase 1 of Unit 8 (Wada plant)** in June 2025 - Ramp-up of **new HDPE drum and IBC lines** at Unit 7, Bharuch - Full operationalization of **Unit 6’s MS drum capacity**, expanded to **90,000 units/month** --- ### **Key Expansion Milestones (2025)** #### 1. **Commissioning of Wada Plant (Unit 8), Maharashtra** - Located on **~10 acres**, developed in **three phases** over 3–4 years - **Phase 1 Capex**: ₹40–45 crore; commercial operations began **June 2025** - **Current Output**: - 1 IBC line - 2 HDPE drum lines (50L & 200L) - 30,000 MS drums/month - **Revenue Potential**: ₹400+ crore at full capacity; **₹200 crore in Phase 1** - Significantly enhances **regional reach** in Western and Central India #### 2. **Unit 9 – HDPE Recycling Plant (Bharuch, Gujarat)** - Commissioned: **October 3, 2025** - Investment: **₹10 crore** - Area: **4,400 sq. m.** - Capacity: **5,000 metric tons/year** of recycled HDPE - Strategic Impact: - Meets **10–12% of raw material needs** - Reduces dependence on imported polymers (current exposure: ~90%) - Lowers input costs; payback period: **2–3 years** - Reinforces commitment to **circular economy and sustainability** #### 3. **15.25 MW Captive Solar Power Project** - First phase: 6 MW at Gujarat unit completed in Nov 2025 - Total project: 15 MW across Gujarat and Maharashtra; **₹60 crore investment** - Annual power cost savings: **~₹10 crore** - Payback period: **~4 years** - Supports **energy cost stability** and ESG goals --- ### **Operational & Financial Metrics** - **Revenue (FY2024–25)**: - Polymer Drums: ₹258 crore (44% of total) - IBCs: ₹198 crore (34%) - MS Drums: ₹63 crore (11%) - Other (including raw material trading): ₹60+ crore - **Total Revenue (FY24–25)**: ~₹579 crore - **EBITDA Margin Target**: Stabilization at **~10%** long-term - **ROE/ROCE (FY23)**: 29.6% / 28.8% (high profitability) - **Fixed Asset Turnover**: **>5.3x**, indicating efficient asset utilization - **Customer Base**: **600+ global customers**; top 10 contribute only **27%** of revenue - **Geographic Reach**: Strong in Gujarat and Maharashtra; minor exports (~2–3%) --- ### **Technology & Sustainability Initiatives** - **Automation**: **90% automation** across all units; deployment of **Udyog ERP** and advanced **blow molding technologies** - **Backward Integration**: In-house manufacturing of **caps, closures, and handles** to reduce costs and improve supply chain control - **Sustainability Focus**: - HDPE recycling (Unit 9) - 15.25 MW captive solar - Waste minimization and reuse of in-house scrap - **Certifications**: **UN-certified** for IBC and MS Drum transport of hazardous goods; compliant with IMDG Code --- ### **Product Portfolio** #### **1. Intermediate Bulk Containers (IBCs)** - Capacity: Up to **1,000 liters** - Variants: Steel, Composite, Wooden, and **Plastic Pallet IBCs** - Applications: Chemicals, pharmaceuticals, agrochemicals - FY2024–25: **255,502 units sold** (21% volume growth), ₹198.17 crore revenue - Segment performance: **55% revenue growth (Q1 FY26)** #### **2. HDPE/HM-HDPE Polymer Drums** - Sizes: 25–250 liters - Features: Leak-proof, tamper-proof, durable, chemical-resistant - Industries: Chemicals, agrochemicals, food, oil & gas - FY2024–25: 6% volume growth (constrained by capacity); expansion to address demand #### **3. Mild Steel (MS) Drums** - Sizes: 210-liter standard; variants: GP, Epoxy, Galvanized, Open Top, Composite - Gauge: 18–20; durable, leak-proof, corrosion-resistant - Used for hazardous and non-hazardous materials - Capacity expanded from **50,000 to 90,000 units/month** via automation at Unit 6 - 34.4% YoY revenue growth in FY24–25 --- ### **Logistics & Supply Chain** - **In-house fleet**: **84–88 trucks** for timely and cost-efficient deliveries - **Strategic locations**: Proximity to industrial clusters in Gujarat and Mumbai reduces freight costs - **Vendor base**: 200+ domestic and international suppliers; **multi-vendor sourcing** to mitigate supply risks - **Distributor Network**: Extensive presence across India and select international markets