Granules India Ltd. Share Price

Pyramid Technoplast gets green nod to scale recycling

Technoplast Limited (PTL) closed 1.56% higher at ₹159.40 on September 23 after receiving Gujarat Pollution Control Board approval to expand its industrial packaging waste recycling operations. The amended authorisation allows the company to handle and recycle up to 960 MT of third-party industrial packaging waste annually, including contaminated barrels, containers and liners. My view is that the approval adds a new revenue opportunity around waste management and recycled products. Pyramid can now accept packaging waste generated by other companies, process it and manufacture up to 9,000 cleaned barrels, drums and containers per month for industrial use or granules. The new capacity complements its existing 1,000 MT per month plastic reprocessed granules capacity. This could improve backward integration and increase the contribution of its recycling business over time. The key question is how quickly Pyramid converts this regulatory approval into commercial volumes. Investors should track third-party customer additions, waste-processing utilisation, recycled product sales and margin contribution. My stance: The approval is a positive business-expansion trigger, but the financial impact will depend on utilisation and customer conversion. Disclosure: I do not hold any position in Pyramid Technoplast Limited (PTL). This post is for informational purposes only and is not investment advice.

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Pyramid Technoplast Shares in Focus After Gujarat PCB nod

Pyramid Technoplast

are expected to remain in the spotlight on September 24 after the company secured key regulatory approval to expand its recycling operations. The packaging firm has received an amended Consolidated Consent and Authorisation (CCA) from the Gujarat Pollution Control Board (GPCB). The fresh nod allows Pyramid Technoplast to receive, collect, store, transport and recycle third-party industrial packaging waste. This includes empty barrels, containers and liners contaminated with hazardous chemicals or wastes. Under the amended authorisation, the company can handle and recycle up to 960 metric tonnes of such waste every year. It is also permitted to manufacture up to 9,000 cleaned barrels, drums and containers per month for industrial use or conversion into granules. This adds to its existing capacity of 1,000 metric tonnes per month for plastic re-processed granules.

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Ganesha Ecosphere: profit tripled, volumes did not

Ganesha Ecosphere Limited (NSE: GANECOS) grew Q1 FY27 profit 170% to ₹29 crore. Yet sales volume fell 11.2% from the previous quarter. What happened Consolidated revenue rose 25.7% to ₹423.7 crore. EBITDA jumped 64.7% to ₹59.8 crore, and margin widened to 14.1% from 10.8%. Production reached 42,826 tonnes. Revenue was flat against the March quarter, at ₹423.9 crore. So the gains came from price and mix, not from selling more. Why it matters The company turns used PET bottles into recycled fibres and granules for textile buyers. Rules that force brands to use recycled content are what create the demand. Warangal capacity is being raised by 22,500 tonnes at a cost of ₹125 crore, taking the total towards 100,000 tonnes by early 2027. The Odisha project has been deferred. My view Read the per tonne numbers, not the headline. EBITDA per tonne rose 28.3% to ₹14,908 in one quarter. That is the recycling business finally earning a premium instead of selling a commodity. The risk is the mirror image. Capacity is heading to 100,000 tonnes while volumes are slipping. If offtake stays soft, the new lines sit idle and margins give back the gains. On valuation, do not trust the 70 times trailing figure. It sits on a weak FY26 profit of ₹38 crore. If the June quarter run rate holds, the stock is nearer 24 times. That is the gap between fear and fact. What I am watching The FSSAI clearance for the new food grade line, since that unlocks bottle to bottle demand. Q2 FY27 volumes in November. On the chart, ₹900 is support and a close above ₹1,100 would confirm a turn. My stance: Accumulate on dips near ₹900. The margin story is real, the volume story is not yet. Disclosure: I do not hold a position in Ganesha Ecosphere Limited at the time of writing. This is not investment advice.

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Granules India receives ₹1,093 crore for warrant conversion

Granules India Limited (

) has received ₹1,093 crore from its promoter group as the final 75% subscription amount for 2.49 crore convertible warrants. The payment makes 2,49,14,530 warrants fully paid and eligible for conversion into equity shares. The company has also subsequently allotted approximately 2.50 crore equity shares following warrant conversion, raising approximately ₹1,461.5 crore. The company said the promoter funding leaves it in a consolidated net cash surplus position. Q1 FY27 revenue was ₹1,476.77 crore, up about 22% YoY. Your view This is primarily a balance-sheet story. The ₹1,093 crore inflow materially changes the company's funding position, but investors also need to account for the additional equity shares created through warrant conversion. The next numbers I would track are net cash, debt reduction, capital allocation and whether the fresh capital supports higher-margin complex products. Dilution from the new shares should also remain part of the analysis. Disclosure: I do not hold any position or have any interest in Granules India Limited as of the time of posting.

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Close crossing last Month High Strategy.

Close crossing last Month High Strategy.

ond is trading near its previous month high. • This strategy focuses on stocks that close above the previous month’s high, which often signals fresh momentum and strong buying interest. • A decisive close above this level indicates that the stock is breaking a key resistance zone,potentially starting a new upward trend. • Traders usually look for strong volume, market support, and the stock trading above important moving averages to confirm the breakout strength. • For risk management, many traders place a stop loss slightly below the breakout level while aiming to capture short to medium-term momentum moves. Disclaimer: Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. The above analysis is for educational and learning purpose. SEBI Registered Research Analyst: Vineet Ashwinikumar Chawla: INH000008190, BSE Enlistment No: 5433

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