we are going to suggest you Pyramid technoplast share price target 2024-2025-2030 based on fundamental and technical analysis of a company . we will share everything after detailed analysis and targets, history , business models and is in pyramid technoplast lower circuit possible or not .
What is Pyramid technoplast share? business analysis
Founded in 1997 as Pyramid Technoplast Private Limited and subsequently transformed into Pyramid Technoplast Limited in 2023, this Mumbai-based company specializes in the manufacturing of polymer-based molded products, with a primary focus on Polymer Drums tailored to meet the packaging requirements of chemical, agrochemical, specialty chemical, and pharmaceutical industries. Operating across six manufacturing units, with four strategically located in Bharuch, GIDC, and two in Silvassa, Pyramid Technoplast strategically positions itself within industrial hubs that serve a wide array of sectors, including chemicals, agrochemicals, pharmaceuticals, lubricants, and edible oils. The company’s diverse product range also encompasses its leadership in India’s rigid Intermediate Bulk Containers (IBC) production, particularly in the 1,000-liter capacity segment, as well as the manufacturing of Mild Steel Drums (MS Drums) designed for the secure transport of chemicals and specialty chemicals. Pyramid Technoplast employs cutting-edge blow molding technology in its production processes, commencing its journey with Polymer Drum commercial production at Silvassa Unit I in 1998 and subsequently expanding its Polymer Drum lines in Silvassa in 2011 and Bharuch in 2013. In 2016, the company further diversified by venturing into IBC production in Bharuch. Their commitment to adaptability became evident in 2018 when they expanded their Polymer Drum production yet again. Finally, in 2019, Pyramid Technoplast added another feather to its cap by initiating Mild Steel Drum production at its Bharuch facility, cementing its reputation as a reliable and versatile packaging solutions provider for the chemical and allied industries.
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Pyramid Technoplast Overview
The financial performance of the company for the fiscal years 2021 (FY21), 2022 (FY22), and 2023 (FY23) in terms of revenue, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), and PAT (Profit After Tax) in crore rupees:
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 480.02 | 400.41 | 313.50 |
| EBITDA | 439.17 | 367.48 | 293.29 |
| PAT | 31.76 | 26.14 | 16.99 |
The shareholding patterns for March 2023 and september 2023:
| Shareholding | Mar 2023 | Sep 2023 |
|---|---|---|
| Promoter | 100% | 74.94% |
| FII (Foreign Institutional Investors) | 0% | 3.8% |
| Government | 0% | 0% |
This table illustrates the changes in shareholding percentages for each category between March 2023 and September 2023, indicating a reduction in the promoter’s stake from 100% to 74.94% and an increase in FII ownership from 0% to 3.8%. The government’s shareholding remained unchanged at 0% during this period.
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Information about Pyramid Technoplast Limited:
| Information | Details |
|---|---|
| Parent Organisation | Indian Private |
| Founded | 1997 |
| Managing Director | BIJAYKUMAR AGARWAL |
| NSE Symbol | PYRAMID |
Pyramid technoplast share price target 2024-2025-2030
Pyramid Technoplast Share Price Targets:
2023: The company has set its IPO price range between ₹151 to ₹166. All IPOs that came in July and August were listed above their price bands. Speaking about this small-sized company, it’s essential to note that no significant investors have invested in it. Experts suggest that this company may be suitable for traders, but investors should exercise caution. The share price target for 2023 is ₹155, although there could be some initial price volatility after listing.
2024: Pyramid Technoplast is involved in various packaging products and also secures storage for other companies. It is a relatively small company, which poses risks for both short-term and long-term investors. However, traders might find opportunities in this stock. In 2022, the company reported a profit of ₹320 million. The share price target for 2024 is ₹175.
2025: While the company is currently profitable, it may have significant growth potential in the future, especially if it secures orders from large companies. Pyramid Technoplast provides packaging services to prominent companies like Asian Paints, Patanjali, Adani Wilmar, and JSW. Market experts have suggested that the marketing of this company is strong. The share price target for 2025 is between ₹180 and ₹190.
2026: Experts believe that there is no significant risk in the company’s future as it often hires other companies for its packing needs. If the company secures substantial orders, it could experience significant growth. The share price target for 2026 ranges from ₹195 to ₹230.
2030: If you are considering investing in Pyramid Technoplast for both the short and long term until 2030, it’s essential to be aware that the company’s growth potential depends on its ability to secure significant orders and expand its customer base. In 2030, the share price target ranges from ₹360 to ₹378.
Please note that these are projections and involve some level of risk, especially for a relatively small company like Pyramid Technoplast. Investors and traders should conduct thorough research and consider their risk tolerance before making investment decisions.
pyramid technoplast lower circuit and risk?
An expert has stated that there will be risks involved in both short-term and long-term investments in Pyramid Technoplast company. They emphasized that if traders choose to hold the company’s stock for an extended period, they will always have to bear the risk because the company is relatively small, and anything can happen in a small company. Also, Pyramid Technoplast’s share price experienced a lower circuit soon after its debut on Indian stock exchanges after IPO. Avinash Gorakshkar, Head of Research at Profitmart Securities, commented on this development, stating that Pyramid Technoplast shares were initially offered at a slightly higher price than the stock’s fair value. Nevertheless, the shift in the market sentiment on Dalal Street and the bullish atmosphere in the primary market allowed it to debut with a double-digit premium. However, as the stock began trading, fundamental factors started influencing its performance, and the ongoing profit booking should be understood within this context. This highlights the importance of considering fundamental aspects when assessing the behavior of a newly listed stock in the market.
FAQ on Pyramid technoplast share price target 2024-2025-2030
Q1: What is Pyramid Technoplast Limited’s primary business focus?
A1: Pyramid Technoplast Limited specializes in manufacturing polymer-based molded products, particularly Polymer Drums, to cater to the packaging needs of chemical, agrochemical, specialty chemical, and pharmaceutical industries. They also produce rigid Intermediate Bulk Containers (IBC) and Mild Steel Drums (MS Drums) for various applications.
Q2: How many manufacturing units does Pyramid Technoplast have, and where are they located?
A2: The company operates six manufacturing units, with four situated in Bharuch, GIDC, and two in Silvassa. These strategically located units serve industries such as chemicals, agrochemicals, pharmaceuticals, lubricants, and edible oils.
Q3: What is Pyramid Technoplast’s financial performance in recent years?
A3: Here’s a summary of the company’s financial performance in crore rupees for fiscal years 2021 (FY21), 2022 (FY22), and 2023 (FY23):
- Revenue: FY23: ₹480.02 Cr, FY22: ₹400.41 Cr, FY21: ₹313.50 Cr
- EBITDA: FY23: ₹439.17 Cr, FY22: ₹367.48 Cr, FY21: ₹293.29 Cr
- PAT (Profit After Tax): FY23: ₹31.76 Cr, FY22: ₹26.14 Cr, FY21: ₹16.99 Cr
Q4: What are the changes in shareholding patterns for Pyramid Technoplast between March 2023 and September 2023?
A4: Between March 2023 and September 2023, there was a decrease in the promoter’s stake from 100% to 74.94%. Foreign Institutional Investors (FIIs) increased their ownership from 0% to 3.8%, while the government’s shareholding remained unchanged at 0%.
Q5: Who is the Managing Director of Pyramid Technoplast, and when was the company founded?
A5: The Managing Director of Pyramid Technoplast is BIJAYKUMAR AGARWAL, and the company was founded in 1997.
Q6: What are the share price targets for Pyramid Technoplast in the coming years?
A6: The share price targets for Pyramid Technoplast are as follows:
- 2023: ₹155
- 2024: ₹175
- 2025: ₹180 – ₹190
- 2026: ₹195 – ₹230
- 2030: ₹360 – ₹378