Time Technoplast Ltd

Time Technoplast Ltd

₹ 172 0.19%
02 Jun - close price
About

Time Technoplast is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products.(Source : 202003-01 Annual Report Page No:74)

Key Points

Market Leadership
The company holds a market share of over 55% in the domestic industrial packaging segment. It is the largest manufacturer of large-size plastic drums, the 2nd largest manufacturer of composite cylinders, and the 3rd largest manufacturer of Intermediate Bulk Containers (IBCs) globally. Additionally, it is the 2nd largest manufacturer of MOX film in India and a market leader in 9 out of the 11 countries where it operates. [1]

  • Market Cap 8,502 Cr.
  • Current Price 172
  • High / Low 249 / 154
  • Stock P/E 18.1
  • Book Value 82.8
  • Dividend Yield 0.73 %
  • ROCE 16.7 %
  • ROE 13.4 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 35.3% CAGR over last 5 years

Cons

  • Company has a low return on equity of 13.4% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.90%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,192 1,079 1,194 1,325 1,394 1,230 1,371 1,388 1,469 1,353 1,511 1,565 1,677
1,023 932 1,027 1,134 1,208 1,056 1,174 1,187 1,255 1,158 1,288 1,331 1,436
Operating Profit 169 147 167 191 186 174 196 201 214 195 223 234 241
OPM % 14% 14% 14% 14% 13% 14% 14% 14% 15% 14% 15% 15% 14%
1 1 0 2 11 1 1 2 2 1 1 2 5
Interest 33 26 25 25 25 24 23 22 22 22 22 19 18
Depreciation 45 45 46 42 40 41 42 43 44 45 46 46 47
Profit before tax 92 76 96 126 133 110 133 137 150 129 157 171 181
Tax % 29% 25% 25% 26% 29% 27% 25% 25% 25% 25% 25% 25% 26%
65 57 71 93 94 80 100 102 112 97 117 129 134
EPS in Rs 1.41 1.24 1.56 2.02 2.03 1.75 2.17 2.22 2.41 2.10 2.54 2.56 2.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,447 2,396 2,755 3,103 3,564 3,578 3,005 3,650 4,289 4,992 5,457 6,105
2,108 2,048 2,350 2,630 3,040 3,079 2,618 3,144 3,712 4,302 4,672 5,213
Operating Profit 339 348 404 473 524 499 387 506 577 691 785 892
OPM % 14% 15% 15% 15% 15% 14% 13% 14% 13% 14% 14% 15%
4 22 2 2 3 2 4 3 4 14 5 9
Interest 104 96 90 88 99 108 98 92 105 101 92 80
Depreciation 87 99 116 137 146 156 151 157 171 173 170 183
Profit before tax 150 174 201 250 282 237 142 259 305 431 529 638
Tax % 25% 19% 25% 26% 26% 26% 26% 26% 27% 27% 25% 25%
113 142 151 185 209 175 106 192 224 316 394 477
EPS in Rs 2.61 3.29 3.25 3.99 4.48 3.74 2.29 4.16 4.84 6.84 8.55 9.50
Dividend Payout % 10% 8% 10% 10% 10% 13% 15% 12% 13% 15% 15% 16%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 12%
TTM: 12%
Compounded Profit Growth
10 Years: 13%
5 Years: 35%
3 Years: 29%
TTM: 21%
Stock Price CAGR
10 Years: 22%
5 Years: 32%
3 Years: 48%
1 Year: -10%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 13%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 21 21 23 23 23 23 23 23 23 23 23 49
Reserves 1,016 1,147 1,304 1,461 1,647 1,792 1,880 2,050 2,247 2,530 2,869 4,039
804 746 722 777 840 890 863 906 900 829 732 733
493 505 523 632 691 659 538 626 660 732 775 817
Total Liabilities 2,334 2,420 2,571 2,892 3,200 3,364 3,304 3,604 3,829 4,114 4,399 5,639
1,154 1,147 1,100 1,200 1,279 1,349 1,281 1,314 1,383 1,368 1,373 1,435
CWIP 43 71 87 94 98 81 40 70 68 41 79 230
Investments 0 0 0 0 0 0 0 0 0 2 3 6
1,138 1,202 1,384 1,598 1,822 1,934 1,983 2,220 2,379 2,703 2,943 3,968
Total Assets 2,334 2,420 2,571 2,892 3,200 3,364 3,304 3,604 3,829 4,114 4,399 5,639

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
269 289 188 303 281 301 257 291 370 406 431
-98 -120 -212 -244 -231 -138 -105 -179 -216 -187 -147
-172 -167 19 -51 -58 -148 -151 -104 -154 -197 -249
Net Cash Flow -0 1 -5 8 -7 16 1 8 1 22 35
Free Cash Flow 172 173 -24 59 51 164 155 104 147 251 275
CFO/OP 87% 92% 56% 75% 65% 73% 75% 68% 76% 72% 70%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 69 75 77 79 80 84 97 87 80 79 78 87
Inventory Days 102 104 104 109 107 110 132 129 117 107 108 111
Days Payable 67 70 66 74 69 65 56 55 48 45 42 37
Cash Conversion Cycle 104 110 115 113 118 130 173 161 150 141 143 161
Working Capital Days 19 26 53 61 65 81 111 104 96 93 106 127
ROCE % 13% 14% 14% 15% 16% 13% 9% 12% 13% 16% 17% 17%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Number of Global Manufacturing Locations
Units

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Revenue Mix - India : Overseas
Ratio
Consolidated Volume - Composite LPG Cylinders (Nos)
Numbers
Consolidated Volume - Established Products (MT)
Metric Tonnes
Consolidated Volume - IBC (Nos)
Numbers
Manufacturing Capacity - CNG Cascades
Cascades per annum
Market Share - Domestic Industrial Packaging
Percentage ・Standalone data
Order Book - CNG Cascades
INR Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.69% 51.69% 51.51% 51.56% 51.56% 51.56% 51.56% 51.62% 51.62% 51.62% 47.51% 47.57%
6.88% 5.96% 5.70% 6.18% 6.78% 6.69% 7.65% 8.07% 8.29% 8.41% 11.66% 10.88%
6.21% 9.95% 10.42% 10.93% 10.97% 12.87% 13.20% 12.99% 12.92% 13.18% 16.70% 17.37%
35.22% 32.39% 32.37% 31.32% 30.67% 28.88% 27.60% 27.32% 27.16% 26.79% 24.13% 24.18%
No. of Shareholders 77,99873,77974,10978,6321,02,5311,10,9831,22,3331,27,6051,37,3451,44,3201,49,6551,36,962

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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