Piramal Glass Pvt Ltd

Fortune 500 2016
+ 4 More
+ 4 More
OVERVIEW
FINANCIALS

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.

Incorporation Year: 1998
Headquarters: Mumbai
Top Management: CEO and MD Vijay Glass
Industry: Glass & Glass Products

Featured In Fortune India Ranking

Fortune 500 India
#434(2016)
#474(2015)
#470(2014)
#495(2013)
#479(2010)
#434(2016)#474(2015)#470(2014)#495(2013)#479(2010)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
1,348
(INR Cr)
Net Operating Income
188
(INR Cr)
Assets
2,600
(INR Cr)
Profit
-2,427
(INR Cr)
Net Worth
-630
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
424522742941323338611021171071079174108134
Cash & Bank Balance
(INR Cr)
15108143105116462156604052503113712
Total Debt
(INR Cr)
32285352544742476331257613610118413561403131311449219821357

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 -3.132.391.490.751.720.941.022.293.803.733.753.373.214.3651.40
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%