Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 222 | +35.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 9.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 10.0 | +25.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 11.76 | −0.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -17.18 | −11.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 19.00 | +4.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
3 of 6 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Solar Plant Operations | Commissioning scheduled in phases starting July 2025 | Q4 FY25 | Full 14.25 MW plant now commissioned, completing the project a year after the original target. | Achieved* |
| Recycling Plant License | We are currently awaiting the final license approval from the Pollution Control Board government agency, which is expected by June, July 2026. | Q4 FY26 | No confirmation of license receipt by the June/July 2026 deadline. Management only mentioned delays due to EPR portal closure. | Ghosted |
| Annual Power Cost Savings | Reduce annual power costs by around 10% | Q4 FY25 | FY27 annual savings target revised back up to ₹15 Cr from ₹10 Cr. Q1 savings were ₹2 Cr. | Revised Up |
3 of Pyramid Technoplast Limited's 19 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 16 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹160.09 on 24 Oct 2025 → ₹148.52. High ₹195.96 (27 Jul 2026), low ₹134.46 (30 Mar 2026).
Overview
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
3 of 6 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Solar Plant Operations | Commissioning scheduled in phases starting July 2025 | Q4 FY25 | Full 14.25 MW plant now commissioned, completing the project a year after the original target. | Achieved* |
| Recycling Plant License | We are currently awaiting the final license approval from the Pollution Control Board government agency, which is expected by June, July 2026. | Q4 FY26 | No confirmation of license receipt by the June/July 2026 deadline. Management only mentioned delays due to EPR portal closure. | Ghosted |
| Annual Power Cost Savings | Reduce annual power costs by around 10% | Q4 FY25 | FY27 annual savings target revised back up to ₹15 Cr from ₹10 Cr. Q1 savings were ₹2 Cr. | Revised Up |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 19 tracked commitments, with each call’s wording and source.
Call summaries
Pyramid Technoplast Limited Q1 FY27
Pyramid Technoplast reported a strong Q1 FY27 with significant revenue and profit growth, driven by price increases and operating efficiency. The company announced expansion in Kutch and highlighted benefits from green energy initiatives. However, volumes and capacity utilization were impacted by export slowdowns and rising freight costs, leading to some margin compression.
Read the full callPyramid Technopl Q4 FY26
Pyramid Technoplast delivered strong Q4 FY26 and full-year FY26 results, marked by significant capacity expansion and improved profitability. Revenue for FY26 grew 15% to ₹684 crore, with EBITDA margins expanding to 8.6%. The company is focused on ramping up utilization to 80% in FY27, completing its solar power projects, and securing the final license for its recycling plant to further enhance operational efficiency and cost savings.
Read the full callPyramid Technopl Q3 FY26
Pyramid Technoplast reported a mixed Q3 FY26, with revenue growing 5% YoY to ₹162 crores, driven by strong performance in IBC and HDPE Drums. However, profitability was impacted, with EBITDA declining 2% to ₹12 crores and PAT falling 29% to ₹4.8 crores, primarily due to higher operating costs, interest burden, and one-time expenses. The company commissioned its recycling and solar power plants, which are expected to drive significant cost savings and margin improvement in the coming quarters, with management targeting 10-12% EBITDA margins by the June quarter.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +25% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 133 | 153 | 171 | 164 | 161 | 161 | 195 | 222 |
| Expenses | 124 | 143 | 160 | 150 | 149 | 150 | 175 | 202 |
| Operating profit | 9 | 11 | 11 | 13 | 12 | 11 | 20 | 20 |
| Operating margin | 7.0% | 7.0% | 7.0% | 8.0% | 7.0% | 7.0% | 10.0% | 9.0% |
| Other income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 4 |
| Profit before tax | 8 | 9 | 9 | 11 | 8 | 6 | 14 | 14 |
| Tax rate | 26.0% | 25.0% | 29.0% | 25.0% | 25.0% | 25.0% | 30.0% | 25.0% |
| Net profit | 6 | 7 | 7 | 8 | 6 | 5 | 10 | 10 |
| EPS (₹ per share) | 1.55 | 1.85 | 1.80 | 2.15 | 1.67 | 1.29 | 2.72 | 2.84 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 480 | 533 | 591 | 681 |
| Expenses | 430 | 489 | 549 | 624 |
| Operating profit | 49 | 44 | 42 | 56 |
| Other income | 2 | 5 | 4 | 4 |
| Interest | 4 | 2 | 4 | 7 |
| Depreciation | 5 | 6 | 8 | 12 |
| Profit before tax | 43 | 40 | 36 | 39 |
| Net profit | 32 | 29 | 28 | 29 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4 | 31 | 37 | 37 | 37 | 37 |
| Reserves | 71 | 76 | 185 | 213 | 225 | 240 |
| Borrowings | 66 | 56 | 20 | 55 | 140 | 184 |
| Other liabilities | 43 | 63 | 61 | 64 | 86 | 67 |
| Total liabilities | 184 | 226 | 303 | 369 | 488 | 527 |
| Fixed assets | 50 | 65 | 96 | 115 | 171 | 234 |
| Capital work in progress | 2 | 7 | 14 | 45 | 60 | 3 |
| Investments | 0 | 0 | 9 | 0 | 0 | 0 |
| Other assets | 131 | 154 | 184 | 208 | 256 | 289 |
| Total assets | 184 | 226 | 303 | 369 | 488 | 527 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 8 | -6 | 39 | -4 | 35 | -41 |
| Cash from investing | -7 | -4 | -24 | -44 | -68 | -79 |
| Cash from financing | 0 | 9 | -13 | 48 | 32 | 120 |
| Net cash flow | 2 | -1 | 2 | 1 | -1 | 0 |
| Free cash flow | 1 | -11 | 17 | -47 | -34 | -118 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 75 | 68 | 59 | 68 | 71 | 77 |
| Inventory days | 34 | 46 | 46 | 53 | 49 | 79 |
| Days payable | 66 | 39 | 50 | 41 | 35 | 31 |
| Cash conversion cycle | 43 | 76 | 55 | 81 | 86 | 124 |
| Working capital days | 18 | 31 | 39 | 67 | 64 | 60 |
| Return on capital employed | 31.0% | 33.0% | 31.0% | 21.0% | 14.0% | 12.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 7.0% | 6.0% |
To justify its price of ₹149, this stock must grow earnings at 11% every year for 7 years. Our analysis caps realistic growth at ~-3%. At that growth it is worth ₹70 — downside of 53%.
Ownership
Promoters hold 74.96% as of Sept 2026; institutions cut 0.61 pts since Jun 2026.
Named in the Sep 2026 filing
Every holder of Pyramid Technoplast Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 27.57% | unchanged | |
| 11.54% | unchanged | |
| 9.50% | unchanged | |
| 8.91% | unchanged | |
| 7.05% | unchanged | |
| 6.91% | unchanged | |
| 3.48% | unchanged | |
| AIF | 2.68% | unchanged |
| 1.21% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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