Time Technoplast Ltd

Time Technoplast Ltd

₹ 182 -3.44%
05 Dec - 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 8,987 Cr.
  • Current Price 182
  • High / Low 257 / 153
  • Stock P/E 47.0
  • Book Value 42.8
  • Dividend Yield 0.69 %
  • 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 4.25 times its book value
  • Promoter holding has decreased over last quarter: -4.16%
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
537 564 670 544 624 677 788 625 715 610 712 642 740
468 484 571 467 537 577 685 535 614 521 604 545 635
Operating Profit 69 80 99 77 87 100 103 91 101 89 108 98 105
OPM % 13% 14% 15% 14% 14% 15% 13% 14% 14% 15% 15% 15% 14%
2 0 0 0 4 0 10 0 5 2 0 0 11
Interest 13 14 16 14 14 15 15 15 14 14 14 14 13
Depreciation 26 27 29 29 29 25 25 25 26 27 28 25 26
Profit before tax 32 39 55 34 47 60 73 51 66 51 67 59 77
Tax % 25% 25% 26% 26% 26% 26% 26% 26% 26% 25% 25% 24% 25%
24 29 41 25 35 45 55 38 49 38 50 45 58
EPS in Rs 0.53 0.65 0.90 0.56 0.77 0.99 1.20 0.83 1.07 0.84 1.10 0.99 1.28
Raw PDF

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 2,704
1,008 1,116 1,131 1,348 1,517 1,796 1,849 1,509 1,751 1,934 2,266 2,275 2,305
Operating Profit 183 202 211 248 291 320 292 217 280 309 367 388 400
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 13
Interest 61 65 62 56 54 60 63 56 53 56 58 56 55
Depreciation 44 44 55 66 85 90 95 93 97 106 108 106 105
Profit before tax 101 94 130 127 154 173 135 69 133 149 215 234 254
Tax % 21% 25% 24% 25% 26% 27% 28% 26% 26% 26% 26% 25%
80 70 99 95 113 126 98 51 99 111 160 174 191
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 4.21
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: -4%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 21%
TTM: 3%
Stock Price CAGR
10 Years: 21%
5 Years: 49%
3 Years: 58%
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%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025
51.47% 51.69% 51.69% 51.51% 51.56% 51.56% 51.56% 51.56% 51.62% 51.62% 51.62% 47.46%
8.05% 6.88% 5.96% 5.70% 6.18% 6.78% 6.69% 7.65% 8.07% 8.29% 8.41% 11.05%
8.16% 6.21% 9.95% 10.42% 10.93% 10.97% 12.87% 13.20% 12.99% 12.92% 13.18% 16.62%
32.31% 35.22% 32.39% 32.37% 31.32% 30.67% 28.88% 27.60% 27.32% 27.16% 26.79% 24.87%
No. of Shareholders 86,65677,99873,77974,10978,6321,02,5311,10,9831,22,3331,27,6051,37,3451,44,3201,46,565

* 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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