Pyramid Technoplast 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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Chairman: Disruption as Opportunity

Chairman Nitin Paranjpe stressed that disruptions now occur simultaneously across geopolitics, supply chains, and climate change. Quote: “The question is no longer whether disruption will come—it is whether these challenges can be turned into opportunities.” Global shocks impacting FMCG Iran–US war disrupted crude and LNG trade via the Strait of Hormuz, raising petroleum-linked input costs. HUL responded with 2–5% price hikes across products in Q4FY26. Climate volatility Heatwaves and erratic rainfall have affected agriculture and water systems, adding to supply chain stress. Strategic Initiatives Project Nakshatra (multi-year supply chain transformation) Local sourcing of raw materials. Multi-category, multi-format factories closer to demand centres. Nano factories: compact, tech-driven units enabling rapid changeovers. Nano DCs: channel-focused distribution centres with RFID/GPS tracking for real-time visibility, tailored for quick commerce. Affordability focus Accessible packs to protect rural demand. Portfolio designed to “straddle the price pyramid.” Financial & Market Performance (FY26) Turnover: ₹63,763 crore (+5% YoY). Volume growth: 4% overall; rural growth outpaced urban. Rural demand: Continued strong, reinforcing HUL’s role as a volume driver in FMCG. Outlook & Shareholder Engagement Management remains “very, very positive” about long-term prospects. Short-term challenges (input inflation, geopolitical shocks) are being navigated with agility. Shareholder queries covered growth outlook, acquired brand performance, and new launches.

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Q4FY26 & FY26 Result Announced for Ugro Capital Ltd.

Q4FY26 & FY26 Result Announced for Ugro Capital Ltd. -

Finance company Ugro Capital announced Q4FY26 & FY26 results Q4FY26 Financial Highlights: Company reported Q4FY26 PAT of Rs 51.1 crore, a 26% increase over Rs 40.5 crore in Q4'FY25. Net Total Income expanded 51% YoY to Rs 348 crore in the quarter. FY26 Financial Highlights: Net Total Income stood at Rs 1,067 crore (+31% YoY). Reported PAT of Rs 174.8 crore (+21% YoY). Emerging Market LAP vertical closed FY26 with AUM of Rs 3,581 crore, growing 12% QoQ. Embedded Finance platform crossed Rs 2,280 crore AUM (+27% QoQ) with approximately 2.5 lakh active merchant customers. Consolidated AUM stood at Rs 15,334 crore as at March 31, 2026. Shachindra Nath, Founder & Managing Director, UGRO Capital, said: “We are excited to pivot with our full force to serving Bharat extensively - to solve the problem of MSME credit at the bottom of the pyramid, which is where the real gap exists and where we have spent three years building the right capability. The branch network is now working for us. Every branch that matures adds earnings without adding cost. Mature branches are at Rs 0.68 crore/month disbursement and 156 sub-6-month branches are queued behind them as the next leg of annuity growth. UGRO will compound from its existing footprint. All five commitments we made in February are on track, and we will deliver on them.” All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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Tech Mahindra Ltd.

is a large IT services company with strong capabilities in telecom, manufacturing, and BFSI verticals. ​ It is repositioning towards digital, 5G, cloud, and AI‑led offerings to revive growth. ​ Margins historically trail top‑tier peers, but cost optimization and pyramid restructuring are focus areas. ​ Risks include telecom client weakness, high dependence on US/Europe tech spending, and execution of turnaround. ​

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’s Project Fortius Nears Endgame as CEO Accelerates Profitability Goals

CEO Mohit Joshi has advanced the company’s 15% operating margin target by a full year to March 2025, aiming to accelerate the turnaround of India’s fifth-largest IT services firm. The push comes as Tech Mahindra lags larger peers in revenue growth and enters the final phase of Project Fortius, its three-year margin improvement roadmap. Joshi’s strategy hinges on tighter cost control, higher billing rates, reduced bench time, and AI-driven productivity. Margin Goal Acceleration - Original target: 15% margin by March 2027; revised to March 2025. - Joshi urged 300+ senior executives in a December townhall to meet the new timeline. - Current operating margin: 12.1% as of Q2FY26, up from 11.2% YoY. Strategic Levers for Margin Expansion - Higher billing rates during project renewals to boost top-line. - Reduced bench time: now down to ~90 days, improving billable utilization. - AI training and delivery simplification to enhance operational efficiency. - Portfolio pruning and pyramid rationalization also underway. Revenue Growth Challenges - Growth has not exceeded 2% in any of the last six quarters. - Revenue contracted in two of the last six quarters and in FY25 overall. - Needs $3.1 billion in H2FY26 to match FY25 revenue of $6.26 billion. Project Fortius Nears Completion - Launched in April 2021, aimed at margin uplift through organic growth. - Focus on scaling top 80 accounts and exiting low-margin clients. - Final phase now underway with sharper execution targets. Analyst Views and Outlook - Kotak Institutional Equities sees Joshi’s strategy as viable, noting TechM’s unique margin headroom. - Phil Fersht (HFS Research) cautions that success depends on benign demand and disciplined execution. - Q3FY26 results due 16 January, will be key to validating progress.

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