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Piramal Glass Ltd (PIRGLASS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532949 NSE: PIRGLASS Glass | Small Cap | Piramal Glass Share Price

BSE Share Price
Not Listed

Piramal Glass Ltd (PIRGLASS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532949 NSE: PIRGLASS Glass | Small Cap | Piramal Glass Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹1,122 Cr.
Current Price
₹0
52-Week Low / High
₹139 / 139
TTM EPS
₹10.3
TTM Sales
₹1,445 Cr.
Book Value per Share
₹61.7
P/E Ratio
13.45
Industry PE
65.4
Price to Book (P/B)
2.25
Price to Sales (P/S)
0.78
EV/EBITDA
7.12
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-8.37%
Return on Capital Employed (ROCE)
9.19%
Return on Assets (ROA)
-10.67%
Operating Profit Margin
-33.9%
Net Profit Margin
-59.19%
Gross Profit Margin
65.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.05%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
90.85%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹418 Cr.
Equity
₹80.9 Cr.
Face Value
₹10
All Time Low / High
₹13.26 / 210.25

Piramal Glass stock performance

Key Ratios
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.5%7%16.6%18.9%9.5%10%15.9%159.9%0.7%0.7%-
Value Creation
Index
-0.4-0.50.20.4-0.3-0.3NANANANA-

Growth Parameters

Sales 1,0961,1921,3001,3271,3051,4451,5521,65225.9271,445
Sales YoY Gr.-8.8%9.1%2.1%-1.7%10.7%7.4%6.4%-98.4%4.1%-
Adj EPS 1.80.111.7145.592660.9-2.4-0.410.3
YoY Gr.--92.3%8250%19.9%-60.6%63.1%188.7%133.8%-103.9%NA-
BVPS (₹) 61.1607375.882.192.6106.9554.4552.9554.861.7
Adj Net
Profit
14.71.194.611143.771.3206481-19-3.583
Cash Flow from Ops. 96.4152310349198338248567-70873-
Debt/CF from Ops. 9.35.72.41.73.13.72.60-0.20.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -33.8%-54%-74.1%4.1%
Adj EPS -185.4%-160.3%-125.7%NA
BVPS27.8%46.6%73.2%0.4%
Share Price - - - -

Key Financial Parameters

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
30.217.618.6710.326.118.4-0.4-0.13.4
Op. Profit
Mgn %
16.414.121.922.718.41622.425.3-63.9-33.916.8
Net Profit
Mgn %
1.30.17.38.43.44.913.329.1-73.2-135.8
Debt to
Equity
1.81.81.310.91.70.80000.5
Working Cap
Days
2352332102022161921761687,2793,130125
Cash Conv.
Cycle
14613612210093696133-12-14-10

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,300.151,327.471,304.591,444.761,552.081,651.7725.9226.97389.68274.92
Operating Expenses + 1,023.381,027.351,068.371,222.801,216.531,243.1742.4836.113,872.29317.36
Manufacturing Costs408.96417.90455.33513.70470.45461.970.580.220.150
Material Costs175.61192.98188.54190.12230.50193.1425.9226.96352.27263.38
Employee Cost 165.57141.29142.62173.01185.61193.730000
Other Costs 273.24275.17281.87345.97329.97394.3315.988.923,519.8753.98
Operating Profit 276.77300.12236.23221.96335.56408.60-16.56-9.14-3,482.61-42.44
Operating Profit Margin (%) 21.3%22.6%18.1%15.4%21.6%24.7%-63.9%-33.9%-893.0%-15.4%
Other Income + 38.9738.1129.8547.1943.9554.0149.0739.2491.10239.99
Exceptional Items 000004,344.010000
Interest 75.1061.8939.9833.3032.3765.1866.656.8641.9117.67
Depreciation 91.9097.24149.35106.90103.13119.270.490.490.570.49
Profit Before Tax 148.73179.1076.75128.95244.014,622.17-34.6322.75-3,434179.39
Tax 44.0757.5025.4645.5531.761,083.40-294.83-792.19342.12
Profit After Tax 104.66121.6051.2983.40212.263,538.77-5.6317.93-2,641.80-162.73
PAT Margin (%) 8.1%9.2%3.9%5.8%13.7%214.2%-21.7%66.5%-678.0%-59.2%
Adjusted EPS (₹)12.915.46.510.626.8447.6-0.72.3-334.0-20.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Piramal Glass - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 590.32599.19649.01731.95845.124,383.894,371.594,386.772,025.411,865.23
Share Capital 80.9279.0779.0779.0779.0779.0779.0779.0779.0779.37
Reserves 509.40520.12569.94652.88766.054,304.824,292.524,307.701,946.341,785.86
Debt +667.42508.89516.801,153.89580.790123.6120.57173.3260.55
Long Term Debt158.15132.91152.67162.28184.2400.300.30167.6951.78
Short Term Debt509.27375.98364.13991.61396.550123.3120.275.638.77
Minority Interest0000000000
Trade Payables79.03177.47184.16230.81168.2401.800.340.480
Others Liabilities 269.86344.10291.53312242.951,263.351722.55-726-348.56
Total Liabilities 1,606.631,629.651,641.492,428.661,837.095,647.254,514.014,430.221,473.201,577.22

Fixed Assets

Net Fixed Assets +764.45737.05752.47799.21774.564.4843.513.042.55
Gross Block1,642.95922.781,057.611,186.281,230.564.974.974.974.994.99
Accumulated Depreciation878.50185.74305.14387.084560.490.981.471.962.44
CWIP 4.3245.9642.7986.88186.4600000
Investments 59.2659.2959.29330.79111.074,100.124,186.664,198.761,132.011,389.09
Inventories193.61228.27241.51267.61260.3300000
Trade Receivables372.40332.97304.09263.82280.4700000
Cash Equivalents 22.6916.1915.36461.5016.2376944.1411.3511.568.48
Others Assets 189.91209.94225.98218.86207.98773.65279.22216.59326.59177.10
Total Assets 1,606.631,629.651,641.492,428.661,837.095,647.254,514.014,430.221,473.201,577.22

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 310.09349.38197.54337.92248.15566.92-708.1272.98-94.78158.46
PBT 148.73179.1076.75128.95244.014,622.17-34.6322.75-3,434179.39
Adjustment 159.87141.97176.77171.03119.06-4,154.0724.87-28.073,461.85-170.13
Changes in Working Capital 26.265.36-27.1759.79-58175.04343.1584.98-111.05149.56
Tax Paid -24.71-37.05-28.81-21.85-56.92-76.23-1,041.50-6.68-11.58-0.36
Cash Flow From Investing Activity + -113.23-98.03-160.09-505.7340.21828.07-16.6340.15-41.52-73.70
Capex -132.81-111.85-165.89-229.57-183.23-281.06-5.8003.252.12
Net Investments 000-280.39219.581,322.29-29.6738.56-56.01-76.16
Others 19.5813.825.804.243.86-213.1618.841.5911.230.34
Cash Flow From Financing Activity + -191.79-255.67-37.99613.44-734.59-685.1415.74-109.91139.35-87.85
Net Proceeds from Shares 0000000002.56
Net Proceeds from Borrowing 0000-28.56-236.5200169.52-74.27
Interest Paid -78.04-53.78-40.84-30.34-28.52-51.66-65.510-30.18-16.14
Dividend Paid -0.62-8.65-0.02-0.06-79.13-0.020000
Others -113.13-193.252.88643.84-598.38-396.9481.25-109.91-0-0
Net Cash Flow 5.07-4.32-0.54445.64-446.23709.84-709.013.223.05-3.09

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.4520.458.2212.0826.92135.35-0.130.41-82.4-8.37
ROCE (%)16.5718.869.459.9815.94159.920.720.67-101.729.19
Asset Turnover Ratio0.840.850.80.710.730.440.010.010.130.18
PAT to CFO Conversion(x)2.962.873.854.051.170.16N/A4.07N/AN/A
Working Capital Days
Receivable Days104.3093.308971.706400000
Inventory Days50.2055.8065.7064.3062.1000000
Payable Days180.30242.60350398.3031615912.7014.500.400.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Piramal Glass Ltd FAQs

The current trading price of Piramal Glass on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Piramal Glass stood at ₹1,121.5 Cr

The latest P/E ratio of Piramal Glass as of 31-Dec-1969 is 13.45.

The latest P/B ratio of Piramal Glass as of 31-Dec-1969 is 2.25.

The 52-week high of Piramal Glass is ₹138.8 and the 52-week low is ₹138.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Piramal Glass is ₹1,445 ( Cr.) .

Data is not available for this company.

No data found

No data found

About Piramal Glass Ltd

Piramal Glass incorporated in 1998, is engaged in the business of manufacturing packaging solutions for the perfumery and pharmaceuticals.

Company provides complete solutions including full bottle design capabilities, in-house mould design, CNC machines for mould manufacturing, high quality glass manufacturing and dedicated ancillaries for decoration and accessories like caps, cartons and brushes.

Under pharmaceuticals the company manufactures products such as moulded vials, injectables and bottles. In domestic market PGL enjoys about 40% market share. Further in cosmetics and perfumery segment the company manufactures glass containers for nail polish, perfumes, foundations, attars, etc.

The company is the one of the largest manufacturers of flacconage glass for two segments namely pharmaceutical and perfume. It has an installed capacity of 1,115 tonnes per day, and sales of more than $200 million worldwide. Further the company also manufactures glass bottles for specialty food and beverages.

Company’s manufacturing facilities is located at India and Sri Lanka which makes it a low cost glass manufactures giving it edge above its competitors.

Major customers of containers for pharmaceutical industry are Glaxo Smithkline, Pfizer, E-Merck, Alembic, Aventis, Dabur (India), Ranbaxy, Cipla, Himalaya drugs, Dr. Reddy's Laboratories, and Piramal Healthcare.

Major customers of containers for cosmetics and perfumery business are Dumak LLC, LOreal, Erkui Kozmetic, Compagnie De Diffussion, Niasi, Expak, Baralan International, S F Patel & Sons, Estico and Revolline.

Globally, the company has network of distributors spread across in countries namely Netherlands, Belgium, Thailand, Spain, Columbia, Denmark, Turkey, Indonesia, Mexico, Italy, Russia and Brazil.

The Company has ISO 9001, ISO 14001 certification and OHSAS (Occupational Health, Safety Analysis Series) i.e. ISO 18001 certification.Milestone1984-Piramal Group acquired Gujarat Glass.

1990-The company was merged with the group company Nicholas Piramal India leading to forming of business division of group.

1998- The glass division was demerged from the group leading formation of Piramal Glass which was incorporated in same year.

1999-Company acquired Ceylon Glass Company, Sri Lanka.

2003-Nicholas Piramal India demerged its 54 % holding to Kojam Fininvest.

2005- The company acquired a part of the Glass Group earlier known Wheaton Glass. This led the company to foray into the US market.

2008-Kojam was merged into Gujarat Glass, now known as Piramal Glass

Future Prospects

Piramal Glass plans to raise upto Rs 200 crore through rights issues for further expansion of its business.

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