Pyramid Technoplast Limited (PYRAMID.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-404.3%

-₹455.52

vs ₹149.69 price

Levered DCF

-₹669.96

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.9×	19.66×	18.35×	17.5×	21.25×	32.72×	100.37×	201.88×
P/B	1.76×	2.1×	2.42×	6.09×	8.69×	13.38×	23.28×	19.54×
P/S	0.72×	0.89×	1.01×	1.36×	1.63×	2.08×	2.14×	2.31×
EV / EBITDA	11.97×	12.42×	11.43×	13.69×	16.4×	22.26×	33.22×	47.73×
Gross margin	21.3%	24.0%	23.1%	24.4%	25.4%	15.2%	25.1%	20.0%
Operating margin	6.5%	5.9%	18.7%	9.5%	9.5%	8.1%	5.5%	15.7%
Net margin	4.2%	4.5%	5.5%	6.6%	6.5%	5.4%	2.1%	1.1%
Current ratio	1.73×	2.34×	2.59×	1.61×	1.41×	1.26×	1.07×	1.08×
Debt / equity	0.66×	0.22×	0.09×	0.52×	0.87×	1.07×	2.01×	1.86×
Interest coverage	5.86×	12.99×	42.63×	11.26×	8.96×	5.84×	2.02×	8.57×
Dividend yield	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	6.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.4%	10.7%	13.2%	29.6%	34.8%	34.8%	23.3%	9.6%
Return on invested capital	6.8%	8.2%	29.1%	20.0%	19.2%	17.7%	30.7%	36.9%
Return on assets	5.5%	7.2%	9.7%	14.1%	14.2%	11.1%	4.4%	2.3%
Free cash flow yield	-25.4%	-6.4%	-8.9%	2.5%	-1.7%	0.2%	0.8%	-1.4%
Earnings yield	5.9%	5.1%	5.5%	4.9%	4.0%	2.6%	1.0%	0.5%
Enterprise value	₹6.7B	₹5.8B	₹5.6B	₹7.1B	₹7.2B	₹7B	₹6B	₹5.9B
Net debt / EBITDA	3.28×	1.17×	0.4×	1.07×	1.49×	1.61×	2.62×	3.95×
Cash conversion cycle (days)	121	86	81	55	76	48	29	41