---
title: "Piramal Glass Pvt Ltd (PIRGLASS) — Share Price, Financials & Analysis"
symbol: "PIRGLASS"
company: "Piramal Glass Pvt Ltd"
canonical: "https://tapetide.com/stocks/PIRGLASS"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
generated_at: "2026-09-13T19:21:32.856Z"
---

# Piramal Glass Pvt Ltd (PIRGLASS)

Canonical page: https://tapetide.com/stocks/PIRGLASS

## Company

- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** piramalglass.com

## About

Piramal Glass Limited is an India-based glass bottle manufacturing company. The Companys produces  glass bottles for segements including: Cosmetics & Perfumery, Pharmaceuticals, Speciality food & beverages, Decoration. Cosmetics & Perfumery, produces glass bottles for perfumes ranging from 30ml to 100ml and colour cosmetics from 5ml to 10ml range. Pharmaceuticals, produces glass bottle for pharmaceutical syrup packaging, food and jar bottles, chemical bottles, injectables, and dropper series; Speciality food & beverages, produces spice jars, coffee jars, honey jars, jam jars and balm jars; Decoration, produces multi colored flint and lacquered bottles as well as hot foil stamping, ceramic printing, organic colour printing, glass etching and sleeving.

## Latest Price

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.67% over past five years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 67% | -7% | 28% |
| revenue growth | 11% | 4% | 6% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 269.69 | 266.76 | 296.39 | 278.36 | 278.47 | 302.47 | 306.54 | 305.23 |
| Expenses | 239.51 | 200.57 | 224.08 | 241.61 | 250.43 | 249.28 | 252.23 | 257.89 |
| Operating Profit | 30.18 | 66.19 | 72.31 | 36.75 | 28.04 | 53.19 | 54.31 | 47.34 |
| OPM % | 11.19 | 24.81 | 24.4 | 13.2 | 10.07 | 17.59 | 17.72 | 15.51 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 12.68 | 26.16 | 19.69 | 9.01 | 14.78 | 22.4 | 23.11 | 23.57 |
| Depreciation | 23.92 | 23.44 | 23.37 | 24.66 | 23.17 | 24.05 | 23.92 | 23.04 |
| Profit before tax | -6.42 | 16.59 | 29.25 | 3.08 | -9.91 | 6.74 | 7.28 | 0.73 |
| Tax % | -47.04 | 39 | 34.6 | 24.03 | -31.38 | 38.72 | -36.13 | -32.88 |
| Net Profit | -3.4 | 10.12 | 19.13 | 2.34 | -6.8 | 4.13 | 9.91 | 0.97 |
| EPS in Rs | -0.42 | 1.25 | 2.36 | 0.29 | -0.84 | 0.51 | 1.22 | 0.12 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 582 | 652 | 762 | 855 | 1015 | 1096 | 1192 | 1300 | 1305 | 1445 |
| Expenses | 524 | 523 | 560 | 627 | 862 | 912 | 1011 | 994 | 1065 | 1216 |
| Operating Profit | 58 | 129 | 202 | 228 | 154 | 184 | 181 | 306 | 239 | 229 |
| OPM % | 10 | 20 | 26 | 27 | 15 | 17 | 15 | 24 | 18 | 16 |
| Other Income | 21 | 27 | 11 | 17 | 22 | 22 | 9 | 10 | 24 | 38 |
| Interest | 86 | 63 | 47 | 80 | 76 | 72 | 90 | 75 | 38 | 31 |
| Depreciation | 66 | 72 | 74 | 58 | 93 | 95 | 94 | 92 | 149 | 107 |
| Profit before tax | -73 | 21 | 92 | 108 | 6 | 39 | 6 | 149 | 77 | 129 |
| Tax % | -26 | 25 | 26 | 28 | 23 | 36 | 20 | 30 | 33 | 35 |
| Net Profit | -54 | 16 | 69 | 78 | 5 | 25 | 5 | 105 | 51 | 83 |
| EPS in Rs | — | — | — | 9.67 | 0.6 | 3.06 | 0.63 | 12.93 | 6.34 | 10.31 |
| Dividend Payout % | 0 | 51 | 41 | 36 | 167 | 33 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 18 | 80 | 80 | 81 | 81 | 81 | 81 | 81 | 79 | 79 |
| Reserves | 191 | 321 | 357 | 403 | 399 | 414 | 405 | 509 | 570 | 653 |
| Borrowings | 912 | 571 | 578 | 740 | 829 | 894 | 870 | 756 | 613 | 1257 |
| Other Liabilities | 123 | 146 | 207 | 265 | 274 | 308 | 295 | 288 | 380 | 440 |
| Total Liabilities | 1244 | 1118 | 1222 | 1489 | 1583 | 1696 | 1650 | 1634 | 1641 | 2429 |
| Fixed Assets | 644 | 622 | 613 | 656 | 784 | 797 | 715 | 764 | 752 | 799 |
| CWIP | 12 | 14 | 39 | 151 | 10 | 3 | 20 | 4 | 43 | 87 |
| Investments | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 331 |
| Other Assets | 529 | 423 | 510 | 623 | 729 | 837 | 856 | 806 | 787 | 1212 |
| Total Assets | 1244 | 1118 | 1222 | 1489 | 1583 | 1696 | 1650 | 1634 | 1641 | 2429 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -59 | 226 | 130 | 155 | 90 | 96 | 152 | 310 | 198 | 338 |
| Cash from Investing Activity | -34 | -11 | -83 | -218 | -70 | -85 | -31 | -113 | -160 | -506 |
| Cash from Financing Activity | 94 | -215 | -47 | 74 | -18 | -10 | -120 | -192 | -38 | 613 |
| Net Cash Flow | 1 | 0 | 0 | 11 | 2 | 2 | 1 | 5 | -1 | 446 |
| Free Cash Flow | -94 | 213 | 39 | -79 | 10 | -5 | 98 | 177 | 32 | 108 |
| CFO/OP | -103 | 174 | 71 | 78 | 62 | 55 | 84 | 109 | 95 | 157 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 146 | 130 | 124 | 130 | 130 | 133 | 122 | 105 | 85 | 67 |
| Inventory Days | 557 | 368 | 412 | 518 | 674 | 627 | 345 | 456 | 287 | 300 |
| Days Payable | 0 | 0 | 232 | 289 | 304 | 293 | 146 | 163 | 219 | 259 |
| Cash Conversion Cycle | 703 | 498 | 304 | 359 | 499 | 468 | 321 | 398 | 153 | 108 |
| Working Capital Days | 259 | 160 | 116 | 132 | 158 | 174 | 166 | 147 | 127 | 95 |
| ROCE % | 1 | 8 | 14 | 17 | 6 | 8 | 8 | 17 | — | 10 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 8 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 41.04 | Sell |
| EMA (10) | 40.24 | Sell |
| SMA (20) | 42.66 | Sell |
| EMA (20) | 40.96 | Sell |
| SMA (50) | 41.12 | Sell |
| EMA (50) | 41.79 | Sell |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.82 | Neutral |
| MACD (12,26,9) | -0.6 | Sell |
| Stochastic (14,3,3) | 6.15 | Buy |
| ADX (14) | 22.4 | Neutral |
| Williams %R (14) | -95.23 | Buy |
| ATR (14) | 2.7 | High Volatility |
| ROC (12) | -7.87 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 30.76 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_189_PIRGLASS_2012_2013_01072013174734.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_PIRGLASS_2009_2010_18082010121500.zip) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/532949/5329490313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/532949/5329490312.PDF) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/532949/5329490311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/532949/5329490310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:21:32.856Z.