Time Technoplast Ltd
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)
- Market Cap ₹ 8,335 Cr.
- Current Price ₹ 169
- High / Low ₹ 249 / 153
- Stock P/E 40.8
- Book Value ₹ 39.4
- Dividend Yield 0.74 %
- ROCE 11.5 %
- ROE 9.49 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 28.8%
Cons
- Stock is trading at 4.29 times its book value
- Promoter holding has decreased over last quarter: -4.11%
- The company has delivered a poor sales growth of 4.46% over past five years.
- Company has a low return on equity of 8.52% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,191 | 1,318 | 1,342 | 1,596 | 1,808 | 2,117 | 2,141 | 1,725 | 2,031 | 2,242 | 2,633 | 2,663 | 2,784 | |
| 1,008 | 1,116 | 1,131 | 1,348 | 1,517 | 1,796 | 1,849 | 1,509 | 1,751 | 1,934 | 2,266 | 2,275 | 2,368 | |
| Operating Profit | 183 | 202 | 211 | 248 | 291 | 320 | 292 | 217 | 280 | 309 | 367 | 388 | 416 |
| OPM % | 15% | 15% | 16% | 16% | 16% | 15% | 14% | 13% | 14% | 14% | 14% | 15% | 15% |
| 23 | 1 | 36 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 14 | 8 | 12 | |
| Interest | 61 | 65 | 62 | 56 | 54 | 60 | 63 | 56 | 53 | 56 | 58 | 56 | 54 |
| Depreciation | 44 | 44 | 55 | 66 | 85 | 90 | 95 | 93 | 97 | 106 | 108 | 106 | 104 |
| Profit before tax | 101 | 94 | 130 | 127 | 154 | 173 | 135 | 69 | 133 | 149 | 215 | 234 | 270 |
| Tax % | 21% | 25% | 24% | 25% | 26% | 27% | 28% | 26% | 26% | 26% | 26% | 25% | |
| 80 | 70 | 99 | 95 | 113 | 126 | 98 | 51 | 99 | 111 | 160 | 174 | 204 | |
| EPS in Rs | 1.91 | 1.67 | 2.36 | 2.10 | 2.50 | 2.79 | 2.16 | 1.13 | 2.19 | 2.46 | 3.51 | 3.84 | 4.40 |
| Dividend Payout % | 12% | 15% | 12% | 15% | 16% | 16% | 22% | 31% | 23% | 25% | 28% | 33% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 4% |
| 3 Years: | 9% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 21% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 41% |
| 3 Years: | 69% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 45 |
| Reserves | 748 | 804 | 903 | 1,133 | 1,229 | 1,337 | 1,413 | 1,443 | 1,525 | 1,612 | 1,746 | 1,874 | 1,898 |
| 504 | 491 | 534 | 572 | 629 | 668 | 741 | 715 | 746 | 767 | 722 | 624 | 602 | |
| 233 | 245 | 277 | 292 | 360 | 393 | 364 | 318 | 473 | 450 | 484 | 510 | 510 | |
| Total Liabilities | 1,506 | 1,561 | 1,736 | 2,020 | 2,241 | 2,421 | 2,540 | 2,498 | 2,766 | 2,853 | 2,974 | 3,030 | 3,055 |
| 580 | 607 | 654 | 754 | 872 | 960 | 1,028 | 976 | 1,013 | 1,080 | 1,027 | 1,022 | 1,028 | |
| CWIP | 40 | 29 | 48 | 60 | 57 | 49 | 41 | 25 | 37 | 37 | 39 | 54 | 54 |
| Investments | 150 | 150 | 135 | 151 | 160 | 160 | 160 | 165 | 165 | 165 | 166 | 168 | 173 |
| 736 | 775 | 898 | 1,056 | 1,152 | 1,252 | 1,312 | 1,332 | 1,552 | 1,571 | 1,743 | 1,787 | 1,800 | |
| Total Assets | 1,506 | 1,561 | 1,736 | 2,020 | 2,241 | 2,421 | 2,540 | 2,498 | 2,766 | 2,853 | 2,974 | 3,030 | 3,055 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99 | 144 | 100 | 72 | 235 | 210 | 162 | 160 | 171 | 227 | 242 | 275 | |
| -57 | -61 | -72 | -191 | -207 | -167 | -116 | -67 | -132 | -166 | -112 | -66 | |
| -37 | -89 | -31 | 115 | -14 | -42 | -45 | -104 | -38 | -61 | -128 | -207 | |
| Net Cash Flow | 6 | -6 | -2 | -4 | 13 | 1 | 0 | -10 | 0 | 0 | 2 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 79 | 94 | 96 | 95 | 90 | 96 | 117 | 110 | 107 | 98 | 101 |
| Inventory Days | 101 | 101 | 106 | 110 | 112 | 106 | 105 | 128 | 125 | 114 | 107 | 112 |
| Days Payable | 67 | 61 | 70 | 62 | 72 | 63 | 52 | 55 | 80 | 66 | 57 | 61 |
| Cash Conversion Cycle | 117 | 119 | 131 | 144 | 135 | 132 | 150 | 190 | 154 | 155 | 148 | 152 |
| Working Capital Days | 51 | 58 | 70 | 99 | 84 | 79 | 93 | 120 | 105 | 99 | 94 | 113 |
| ROCE % | 13% | 12% | 11% | 11% | 12% | 12% | 9% | 6% | 8% | 9% | 11% | 12% |
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 (P) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Global Manufacturing Locations Units |
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| Revenue Mix - India : Overseas Ratio |
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| Consolidated Volume - Composite LPG Cylinders (Nos) Numbers |
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| Consolidated Volume - Established Products (MT) Metric Tonnes |
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| Consolidated Volume - IBC (Nos) Numbers |
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| Manufacturing Capacity - CNG Cascades Cascades per annum |
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| Market Share - Domestic Industrial Packaging Percentage |
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| Order Book - CNG Cascades INR Million |
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Documents
Announcements
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Intimation of Repayment of Commercial Paper (CP)
11h - Commercial paper INE508G14HZ6 (Scrip 730317) repaid on 25-03-2026.
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Update On Green And Brownfield Projects Completed In Q4FY26 In India
16h - Q4 FY26 completions: 66,000-cylinder capacity, 12,000 MT recycling, 150,000 IBCs Phase I; trial production started.
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Power Build Batteries Private Limited, Subsidiary Of The Company Receives Central Power Research Institute (CPRI) Certification Of Successful Test Completion For Opzs Stationary Batteries.
2d - PowerBuild received CPRI IS 1651:2013 certification for 2V OPzS/TBS batteries (10/20/300Ah) on March 23, 2026.
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Intimation of Repayment of Commercial Paper (CP)
20 Mar - Repaid commercial paper INE508G141E9 matured 20-Mar-2026; repayment made 20-Mar-2026.
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Intimation of Repayment of Commercial Paper (CP)
17 Mar - Repaid commercial paper ISIN INE508G14HK8 (scrip 729185) matured 17-03-2026; repayment on 17-03-2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from bse
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020Transcript PPT
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Nov 2020TranscriptPPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018TranscriptAI SummaryPPT
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Aug 2018Transcript PPT
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May 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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May 2018Transcript PPT
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Feb 2018Transcript PPT
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Nov 2017Transcript PPT
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Aug 2017Transcript PPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017Transcript PPT
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Oct 2016TranscriptAI SummaryPPT
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]