Pyramid Technoplast Limited
Start Date18-08-2023
Application Timing10am-5pm
Price Range₹151 - ₹166
Min Qty90
Min. Investment₹13590
Listing DateNA
Close Date22-08-2023

About Pyramid Technoplast Limited

Incorporated in 1998, Pyramid Technoplast is an industrial packaging company manufacturing polymer based molded products (Polymer Drums) used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. They are one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. They also make MS Drums (mild steel). Presently, they have six  manufacturing units.

Packaging is India's fifth largest industry and one of the fastest-growing businesses in the country. The sector is developing at a CAGR of 22% to 25%. The growth of polymer drums & HM-HDPE in India is owing to the rising demand for food & beverage products & ingredients, industrial packaging, chemical industry, pharmaceutical and others. India is home to several industrial facilities and warehouses that use industrial grade polymer drums. The India growth story will witness a trickle down effect on chemical and industrial packaging industry as well with emphasis on environment friendly materials in future.

Why To Invest in Pyramid Technoplast Limited

Leader in polymer and steel based industrial packaging materials, with six manufacturing plants in key locations. The proceeds will be used to repay outstanding debt and fund working capital requirements.

Strengths And Risks
Diverse Customer Base:: They cater to bulk packaging for diverse industries like chemicals, agrochemicals, pharmaceuticals, lubricants and edible oil, thus reducing sector risk.
Strategic Location: : Their manufacturing units are situated in the industrial belts of Bharuch, Gujarat and Silvassa, UT of Dadra and Nagar Haveli which are manufacturing hubs for various industries like chemicals, agrochemicals, pharmaceuticals, lubricants, edible oil.
Quality Certifications: : They have obtained UN certification for IBC and MS Drums to meet safety levels outlined by United Nations Recommendations on the Transport of Dangerous Goods to transport them safely (by road, rail, sea and air). The manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified.
Experienced Management Team: : Their Promoters, Bijaykumar Agarwal and Jaiprakash Agarwal have a cumulative experience of over 4 decades in the industry.
Location Constraints: : Their customers require their manufacturing plants in close proximity to their facilities, which requires capital expenditure and they may not be able to manage our manufacturing plants at various locations effectively.
Raw Material Supply: : Company has not entered into long-term agreements for the supply of raw materials with their suppliers. They are subject to risk of uncertainties in the supply of raw materials.
Cash Flow issues:: They have experienced negative net cash flow from operating in the past and may continue to experience such negative operating cash flows in the future.
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