Pyramid Technoplast Ltd

TDS on final dividend FY2025-26

• Email notice on TDS for final dividend FY2025-26 sent to shareholders with registered emails.
• Details also available on the company's dividend FY2025-26 webpage.

Dividend details

• Final dividend of Rs 0.50 per equity share for FY 2025-2026.
• Record date fixed as 11 September 2026.
• Dividend payable on or after 3 October 2026.
• Dividend subject to Members' approval at the forthcoming AGM.
• Face value of equity shares is Rs 10.

Meeting Details

• Date: August 12, 2026.
• Time: Not disclosed.
• Type/Mode: Group earnings conference call; virtual.
• Event: Pyramid Technoplast Q1FY27 Earnings Call.

Participants

• Managing Director and Chairman participated.
• Whole-Time Director and CFO participated.

Purpose

• Discuss Q1 FY27 unaudited results and performance.
• Outline capex, subsidies, solar, recycling initiatives, and FY27 guidance.

Availability

• Transcript of the call uploaded on the company’s website.

Meeting Details

• Date: August 12, 2026.
• Type and mode: group earnings call, virtual audio/video.
• Event: earnings call with analysts/investors.

Participants

• Key company participants: CFO; Wholetime Director.

Purpose

• Purpose: discuss unaudited results for quarter ended June 30, 2026.

Additional Notes

• Recording: audio and video of the earnings call will be available via revised links.

Meeting Details

• Date: August 12, 2026
• Type/Mode: earnings call with analysts/investors; audio/video recording
• Organiser: Pyramid Technoplast Limited

Participants

• Company management: Wholetime Director & CFO

Purpose

• Purpose: discuss unaudited Q1 FY2026-27 results (quarter ended June 30, 2026)

Additional Notes

• Availability: audio and video recordings uploaded on the company website

Business Overview

• Pyramid Technoplast manufactures rigid IBCs, polymer drums, and MS drums for chemicals and pharma.
• Nine plants with polymer drums 33,909 MTPA, IBC 570,000 units, MS drums 16,176 MTPA; recycling unit commissioned Oct 3, 2025.
• Top customer contributes 6% and top 10 customers 29% of revenue, indicating a diversified base.
• Strategic focus on scale, efficiency, profitability, plus Kutch expansion and green energy initiatives.

Key Operational Highlights

• Kutch expansion: 10,000 IBCs per month capacity; ₹20–25 Cr capex; commissioning by March 2027.
• Wada subsidy ₹24.9 Cr (10 years) approved; sanction expected by March 2027.
• Bharuch subsidy ₹10.5 Cr approved; sanction filing pending.
• Wada plant in full swing; revenue ~₹43 Cr (~19% of total) with ~62% overall utilization.
• FY27 utilization expected to reach ~80% across HDPE, IBC, and MS drums.
• Solar program: 6 MW commissioned Oct 30, 2025; 5 MW added in Bharuch from Feb 2.
• Total solar capex about ₹60 Cr; payback ~4 years; FY27 savings ~₹15 Cr.
• Recycling plant commissioned Oct 3, 2025; ₹8–10 Cr capex; 5,000 MT annual capacity.
• Q1FY27: 155 MT recycled; EBITDA ₹0.25 Cr; FY27 EBITDA ~₹2 Cr.
• Maharashtra adds 2.25 MW capacity; Bharuch 1 MW planned in next phase.
• FY27 capex plan ₹20–25 Cr; funded by internal accruals; debt rises marginally due to solar.

Financial Performance

• Q1FY27 revenue from operations ₹223 Cr; total income ₹224 Cr; YoY growth 35.7%.
• Gross margin 23.0%; EBITDA ₹21 Cr; EBITDA margin 9.5%.
• PAT ₹11 Cr; net margin 4.7%.
• FY26 revenue ₹680.9 Cr; EBITDA ₹58.9 Cr; PAT ₹28.8 Cr; EBITDA margin 8.6%.
• FY26 gross margin 27.2%; total assets ~₹527 Cr.

Capital Structure & Liquidity

• Capex to be funded from internal accruals; debt increased marginally due to solar capex.
• Government subsidies reduce effective capex and improve ROCE/IRR; enhance cash flows.

Strategic Priorities & Outlook

• FY27 capex guidance: ₹20–25 Cr for Kutch expansion and efficiency upgrades.
• Aim to grow IBC share; automate MS drums; strengthen production at all sites.
• Target EBITDA margins: near-term 11–12%, long-term ~15%.
• Green energy initiatives expected to lower power costs by about ₹15 Cr annually.
• Recycling plant adds 5,000 MT capacity, supporting 10–12% of raw material needs.

Risks & Mitigation

• Near-term export volumes affected by war; mitigated by price pass-through and MS growth.
• Wada ramp is expected to offset some demand variability; continued diversification.

Governance & Leadership

• MD & Chairman: Bijaykumar Agarwal; WTDs: Madhu Agarwal and Jaiprakash Agarwal.
• Independent Directors: Vandana Agarwal, Sunil Yadav, Venugopal Kudipudi.

Kutch expansion

• Kutch facility investment of ₹20-25 crore to add 10,000 IBCs/month, commissioning March 2027.
• Strengthens presence in Western India; enables faster deliveries and improved service.
• Expected to lower freight costs and improve delivery timelines.

Subsidy benefits and economics

• Wada facility subsidy approx. ₹24.9 crore over 10 years; sanction expected by March 2027.
• Bharuch Unit 7 subsidy approx. ₹10.5 crore; sanction application yet to be filed.
• Total potential subsidy about ₹35.4 crore; reduces effective cost and improves ROCE/IRR and payback.
• Subsidies expected to strengthen long-term cash generation and project economics.

Financial highlights

• Q1 FY27 revenue from operations Rs 222.49 cr; total income Rs 223.51 cr.
• YoY growth: revenue +35.8%; total income +35.7% versus Q1 FY26.
• PBT Rs 13.96 cr; PAT Rs 10.45 cr; EPS Rs 2.85.
• Depreciation Rs 3.81 cr; Finance cost Rs 3.51 cr; Material cost Rs 171.86 cr.
• Full-year FY26 revenue Rs 680.84 cr; PAT Rs 28.82 cr; EPS Rs 7.93.

Corporate actions & notes

• Company operates in a single segment: Industrial Packaging.
• Results reviewed by statutory auditor; board meeting date 11 Aug 2026.
• AGM to be held via VC/OAVM.
• Board approved Desai Saksena & Associates as statutory auditors for five years, subject to shareholder approval.
• Auditor appointment term: from 28th AGM to 33rd AGM.

Meeting Details

• Date/time: Aug 12, 2026, 04:30 PM IST (rescheduled from Aug 11).
• Type and mode: group earnings conference call; virtual.
• Organiser: Go India Advisors.
• Purpose: discuss Q1 FY27 unaudited results for quarter ended June 30, 2026.

Participants

• Managing Director & Chairman to participate.
• Whole Time Director & CFO to participate.

Logistics

• Pre-registration required to receive login details.
• Access to call provided after registration.