Pyramid Technoplast Limited, incorporated in 1997, has emerged as a leading manufacturer of industrial packaging solutions in India. The company operates as an industrial packaging company, engaging in the manufacturing of polymer-based molded products mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements.
The company is a leader and pioneer in manufacturing and supplying HM-HDPE (High Molecular High Density Polyethylene) and intermediate bulk containers in India. PTL specializes in rigid Intermediate Bulk Containers (IBCs), Polymer Drums, and Mild Steel Drums used by the chemical, agrochemical, specialty chemical, and pharmaceutical industries. The company is a manufacturer of rigid intermediate bulk containers (IBC) in India, manufacturing approximately 1,000 liter capacity IBCs.
The company has 6 manufacturing units, of which 4 are situated at Bharuch GIDC and 2 units are situated at Silvassa. These units are strategically located in the industrial belts of Bharuch and Silvassa, which are manufacturing hubs for various industries like chemicals, agrochemicals, pharmaceuticals, lubricants, edible oil, etc.
The company primarily uses blow molding technology to manufacture Polymer Drums and IBCs. The company started commercial production of Polymer Drums at Silvassa Unit I in 1998. It expanded production lines for Polymer Drums at Silvassa in 2011 and Bharuch in 2013, commenced production of IBCs at Bharuch in 2016, further expanded Polymer Drum production in 2018, and commenced production of Mild Steel Drums at Bharuch in 2019.
The company manufactures various polymer-based products, which are categorized into Polymer Drums and IBCs. Its Polymer Drums include Full Open Top Drums, Narrow Mouthed Drums, Wide Mouthed Drums, and Jerry Cans and Polycans. The company is also a manufacturer of MS Drums made of mild steel (MS), used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals.
Its products are marketed and sold under its brand name "Pyramid." The company offers customization options to tailor products to specific requirements, ensuring a perfect fit for different business needs. As a front runner manufacturer of barrels, IBC containers, and cans, the company has been enjoying substantial trust from clients across the country.
The company currently has a market capitalization of ₹688 crore (as of 2025), though other sources indicate the market cap has varied between ₹597 crore and ₹721 crore. The company has an operating revenue of ₹591.34 crore on a trailing 12-month basis, with an annual revenue growth of 11%.
Recent quarterly results show mixed performance: Sales rose 19.51% to ₹153.35 crore in Q3 FY25 (December 2024) against ₹128.32 crore in Q3 FY24, with net profit rising 5.43% to ₹6.79 crore in Q3 FY25 against ₹6.44 crore in Q3 FY24. However, sales declined 3.54% to ₹133.62 crore in Q1 FY25 (June 2024) against ₹138.52 crore in Q1 FY24.
• Market Capitalization: ₹688 crore (as of 2025)
• Operating Revenue (TTM): ₹591.34 crore
• Annual Revenue Growth: 11%
• Pre-tax Margin: 6%
• Return on Equity (ROE): 10%
• Debt to Equity Ratio: 11%
• Promoter Holding: 74.9% (stable as of March 2025)
• Q3 FY25 Performance: Sales of ₹153.35 crore (up 19.51%), Net Profit of ₹6.79 crore (up 5.43%)
The shares of Pyramid Technoplast Ltd got listed on BSE and NSE on August 29, 2023, following the company's Initial Public Offering (IPO). The IPO was a book-building issue of ₹153.05 crores, comprising a fresh issue of 0.55 crore shares aggregating to ₹91.30 crores and an offer for sale of 0.37 crore shares aggregating to ₹61.75 crores.
The company is committed to minimizing its environmental impact and actively promoting recycling and sustainable practices in operations. Pyramid Technoplast has proposed to undertake a 2.25 MWdc Solar PV project in Maharashtra and a 13 MWdc Solar PV project in Gujarat. The total estimated cost of these two projects is ₹51.45 crore, underscoring the company's focus on eco-friendly packaging solutions.
With years of experience in the packaging industry, Pyramid Technoplast has developed extensive knowledge and expertise to provide reliable and innovative solutions. The company boasts a team of skilled professionals who work closely with clients to meet their specific needs. Moreover, the company values timely delivery and strives to deliver products within agreed timelines, with efficient production and supply chain management enabling consistent delivery expectations, fostering substantial trust from clients across the country.
