Piramal Glass Pvt Ltd
About
PGP Glass, formerly known as Piramal Glass, is a leading global provider of glass packaging solutions. The company was originally established on February 6, 1998. Piramal Glass was acquired by Blackstone in 2021 and rebranded as PGP Glass. Headquartered in Mumbai, Maharashtra, PGP Glass is led by CEO and MD Vijay Glass.PGP Glass specializes in the design, production, and decoration of glass packaging for industries such as cosmetics and perfumery, food and speciality spirits, and pharmaceuticals. The company operates three manufacturing facilities—two in India (Kosamba and Jambusar) and one in Sri Lanka (Horana)—with a total production capacity of 1,600 tonnes per day, 11 furnaces, and 64 production lines. With a global presence spanning over 50 countries, PGP Glass has offices and warehousing facilities in France, Germany, Turkey, Spain, Brazil, India, UAE, UK, and Sri Lanka.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1348 138.4% | 565 27.7% | 443 -94.0% | 7407 368.5% | 1581 4.8% | 1509 13.0% | 1335 -1.6% | 1356 -37.3% | 2163 18.6% | 1825 -2.2% | 1865 10.3% | 1690 16.6% | 1450 15.0% | 1261 14.9% | 1098 0.9% | 1088 - |
| Net Operating Income (INR Cr) | 188 -60.68% | 478 40.21% | 341 -88.46% | 2952 0.00% | 1552 7.43% | 1445 10.74% | 1305 -1.72% | 1327 1.19% | 2116 10.81% | 1910 6.59% | 1792 9.10% | 1642 16.93% | 1404 13.45% | 1238 11.44% | 1111 9.35% | 1016 29.19% |
| Profit (INR Cr) | -2427 - | -302 - | -630 - | 3110 1365.3% | 212 154.5% | 83 62.6% | 51 -57.8% | 122 -26.8% | 166 - | -6 - | 38 73.4% | 22 -77.4% | 96 3.1% | 93 1999.8% | 4 - | -103 - |
| Assets (INR Cr) | 2600 -63.4% | 7104 -8.6% | 7770 8.9% | 7133 378.1% | 1492 -25.3% | 1996 57.3% | 1269 4.2% | 1217 -32.2% | 1795 0.0% | 1794 -3.4% | 1856 6.0% | 1752 12.5% | 1558 22.0% | 1277 1.3% | 1260 -12.8% | 1445 - |
| Net Worth (INR Cr) | -630 -136.9% | 1710 -24.9% | 2277 -20.0% | 2847 0.0% | 845 15.5% | 732 12.8% | 649 8.3% | 599 11.5% | 516 44.6% | 357 -5.1% | 376 7.3% | 350 3.3% | 339 18.4% | 287 27.3% | 225 753.0% | 26 -81.7% |
| Employee Cost (INR Cr) | 3 -10.3% | 3 -91.7% | 35 -88.1% | 295 59.0% | 186 7.3% | 173 21.3% | 143 0.9% | 141 -67.1% | 429 17.3% | 366 0.0% | 366 12.8% | 324 25.0% | 259 9.5% | 237 8.5% | 218 -7.1% | 235 - |
| Interest Cost (INR Cr) | 424 | 522 | 742 | 941 | 32 | 33 | 38 | 61 | 102 | 117 | 107 | 107 | 91 | 74 | 108 | 134 |
| Cash & Bank Balance (INR Cr) | 15 | 108 | 143 | 1051 | 16 | 462 | 15 | 6 | 60 | 40 | 52 | 50 | 31 | 13 | 7 | 12 |
| Total Debt (INR Cr) | 3228 | 5352 | 5447 | 4247 | 633 | 1257 | 613 | 610 | 1184 | 1356 | 1403 | 1313 | 1144 | 921 | 982 | 1357 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | 42.0% | 13.4% | 5.5% | 3.8% | 9.0% | 7.7% | - | 2.0% | 1.3% | 6.6% | 7.4% | 0.4% | - |
| Profit As % Of Assets | - | - | - | 43.6% | 14.2% | 4.2% | 4.0% | 10.0% | 9.3% | - | 2.0% | 1.2% | 6.2% | 7.3% | 0.4% | - |
| Profit As % Of Networth | - | - | - | 109.2% | 25.1% | 11.4% | 7.9% | 20.3% | 32.2% | - | 10.0% | 6.2% | 28.3% | 32.5% | 2.0% | - |
| Interest Cost to EBITDA % | - | 585.2% | 2130.9% | 119.4% | 9.7% | 15.0% | 16.0% | 20.2% | 21.7% | 44.1% | 38.5% | 39.0% | 27.4% | 24.4% | 58.2% | 175.3% |
| Debt to Equity Ratio | - | 3.13 | 2.39 | 1.49 | 0.75 | 1.72 | 0.94 | 1.02 | 2.29 | 3.80 | 3.73 | 3.75 | 3.37 | 3.21 | 4.36 | 51.40 |
| RONW | - | - | - | 0.3% | 26.9% | 12.1% | 7.9% | 21.4% | 39.6% | - | 8.1% | 7.9% | 24.6% | 24.4% | 1.3% | - |
| ROCE | 0.0% | 2.7% | 1.0% | 13.5% | 15.9% | 9.9% | 9.0% | 19.1% | 19.3% | 7.5% | 8.3% | 8.8% | 15.6% | 14.7% | 8.4% | 0.0% |