Pyramid Technoplast Ltd. – Company Report
1. Company Overview
Pyramid Technoplast Ltd., founded in 1997 and headquartered in Mumbai, is a leading Indian manufacturer of industrial polymer-based drums and containers for bulk packaging. The company serves critical industries such as chemicals, agrochemicals, specialty chemicals, pharmaceuticals, oil & gas, petrochemicals, food & beverage, lubricants, and distilleries. Pyramid is recognized as one of the few Indian companies with the expertise and technology to manufacture rigid Intermediate Bulk Containers (IBCs) up to 1,000 liters. Its operations span six manufacturing units—four in Bharuch, Gujarat, and two in Silvassa—with a total installed capacity exceeding 20,000+ MTPA for polymer drums, 12,800+ MTPA for IBCs, and 6,200+ MTPA for MS (mild steel) drums.
Key Highlights
- Incorporated: 1997
- Headquarters: Mumbai, Maharashtra, India
- Employees: 200–500
- Manufacturing Capacity: 6 plants (polymer drums, IBCs, MS drums) in Gujarat & Silvassa
- Certifications: UN certification for IBCs & MS drums (for hazardous goods)
- Listed: BSE/NSE
- Brand: “Pyramid”
- Technology: Blow moulding (for drums & IBCs), injection moulding (for closures, lids), mild steel fabrication
- Diverse Clients: Chemicals, agrochemicals, pharma, food, oil & gas, distillery, petrochemicals
- Promoters: Agarwal family
2. Products and Services
Pyramid Technoplast specializes in a wide portfolio of rigid industrial packaging products:
- Polymer Drums: Blow-moulded HDPE drums & barrels (ranging from 20L to 235L) for both hazardous and non-hazardous material packaging. Includes open top and narrow mouth variants.
- Intermediate Bulk Containers (IBC): UN-certified, industrial-grade IBCs (up to 1,000L) for efficient transport and storage of liquids/pastes.
- MS (Mild Steel) Drums: Fabricated steel drums and barrels (up to 235L), widely used in chemical and agrochemical industries.
- Closures & Fitments: Injection moulded caps, bungs, handles, and custom accessories for in-house and third-party applications.
- Custom Packaging Solutions: Tailor-made solutions with compliance to international handling, logistics, and safety standards.
Pyramid’s competitive advantage lies in its quality certifications, modern production technology, and ability to address diverse bulk packaging needs across industrial sectors.
3. Recent News and Financial Performance
Business Developments
Land Acquisition in Maharashtra (February 2024):
- Signed an MoU to acquire 10 acres in Wada, Palghar district, Maharashtra for ₹12 crore.
- New Manufacturing Unit (Planned) is to be developed in three phases over 4–5 years. Expected to enhance capacity for polymer drums, MS drums, and IBCs.
- Upon full ramp-up, the new unit is expected to generate annual revenue of ₹400 crore, contributing significantly to medium- and long-term growth.
Pyramid Technoplast Ltd announces commencement of its Recycling plant (October 2025):
- Pyramid Technoplast Limited has started operations at its new Unit IX recycling plant in Bharuch, Gujarat on October 4, 2025.
- The facility, built on 4,447.80 sq. m of land with a capex of 8-10 crores, has an annual recycling capacity of 5,000 metric tons of HDPE plastic packaging material and other plastic products.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹595 crore |
| Net Profit | ₹26.67 crore |
| Operating Profit Margin | 7% |
| Earnings Per Share (EPS) | ₹7.25 |
| Return on Equity (ROE) | 11% |
| Debt | Low |
| Dividend | Not declared (reinvestment focus) |