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 ₹ 6,000 Cr.
- Current Price ₹ 265
- High / Low ₹ 279 / 79.7
- Stock P/E 41.1
- Book Value ₹ 73.4
- Dividend Yield 0.47 %
- ROCE 8.75 %
- ROE 6.98 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 26.4%
Cons
- Stock is trading at 3.60 times its book value
- The company has delivered a poor sales growth of 4.41% over past five years.
- Company has a low return on equity of 5.74% 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.
Peer comparison
Sector: Plastic products Industry: Plastics Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
907 | 1,049 | 1,191 | 1,318 | 1,342 | 1,596 | 1,808 | 2,117 | 2,141 | 1,725 | 2,031 | 2,242 | 2,515 | |
735 | 855 | 1,008 | 1,116 | 1,131 | 1,348 | 1,517 | 1,796 | 1,849 | 1,509 | 1,751 | 1,934 | 2,152 | |
Operating Profit | 172 | 194 | 183 | 202 | 211 | 248 | 291 | 320 | 292 | 217 | 280 | 309 | 364 |
OPM % | 19% | 18% | 15% | 15% | 16% | 16% | 16% | 15% | 14% | 13% | 14% | 14% | 14% |
6 | 4 | 23 | 1 | 36 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 4 | |
Interest | 44 | 56 | 61 | 65 | 62 | 56 | 54 | 60 | 63 | 56 | 53 | 56 | 58 |
Depreciation | 36 | 40 | 44 | 44 | 55 | 66 | 85 | 90 | 95 | 93 | 97 | 106 | 112 |
Profit before tax | 98 | 102 | 101 | 94 | 130 | 127 | 154 | 173 | 135 | 69 | 133 | 149 | 197 |
Tax % | 25% | 26% | 21% | 25% | 24% | 25% | 26% | 27% | 28% | 26% | 26% | 26% | |
74 | 76 | 80 | 70 | 99 | 95 | 113 | 126 | 98 | 51 | 99 | 111 | 146 | |
EPS in Rs | 3.50 | 3.60 | 3.82 | 3.33 | 4.71 | 4.20 | 5.01 | 5.58 | 4.32 | 2.27 | 4.39 | 4.92 | 6.45 |
Dividend Payout % | 13% | 13% | 12% | 15% | 12% | 15% | 16% | 16% | 22% | 31% | 23% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 4% |
3 Years: | 2% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 0% |
3 Years: | 4% |
TTM: | 42% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 22% |
3 Years: | 53% |
1 Year: | 210% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 21 | 21 | 21 | 21 | 21 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 613 | 680 | 748 | 804 | 903 | 1,133 | 1,229 | 1,337 | 1,413 | 1,443 | 1,525 | 1,612 | 1,644 |
416 | 468 | 504 | 491 | 534 | 572 | 629 | 668 | 741 | 715 | 746 | 764 | 760 | |
185 | 217 | 233 | 245 | 277 | 292 | 360 | 393 | 364 | 318 | 473 | 454 | 454 | |
Total Liabilities | 1,235 | 1,386 | 1,506 | 1,561 | 1,736 | 2,020 | 2,241 | 2,421 | 2,540 | 2,498 | 2,766 | 2,853 | 2,881 |
440 | 483 | 580 | 607 | 654 | 754 | 872 | 960 | 1,028 | 976 | 1,013 | 1,080 | 1,078 | |
CWIP | 95 | 106 | 40 | 29 | 48 | 60 | 57 | 49 | 41 | 25 | 37 | 37 | 40 |
Investments | 161 | 145 | 150 | 150 | 135 | 151 | 160 | 160 | 160 | 165 | 165 | 165 | 166 |
539 | 652 | 736 | 775 | 898 | 1,056 | 1,152 | 1,252 | 1,312 | 1,332 | 1,552 | 1,571 | 1,596 | |
Total Assets | 1,235 | 1,386 | 1,506 | 1,561 | 1,736 | 2,020 | 2,241 | 2,421 | 2,540 | 2,498 | 2,766 | 2,853 | 2,881 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
116 | 94 | 99 | 144 | 100 | 72 | 235 | 210 | 162 | 160 | 171 | 227 | |
-113 | -74 | -57 | -61 | -72 | -191 | -207 | -167 | -116 | -67 | -132 | -166 | |
-5 | -16 | -37 | -89 | -31 | 115 | -14 | -42 | -45 | -104 | -38 | -61 | |
Net Cash Flow | -2 | 4 | 6 | -6 | -2 | -4 | 13 | 1 | 0 | -10 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 80 | 78 | 82 | 79 | 94 | 96 | 95 | 90 | 96 | 117 | 110 | 107 |
Inventory Days | 104 | 109 | 101 | 101 | 106 | 110 | 112 | 106 | 105 | 128 | 125 | 114 |
Days Payable | 67 | 68 | 67 | 61 | 70 | 62 | 72 | 63 | 52 | 55 | 80 | 66 |
Cash Conversion Cycle | 117 | 119 | 117 | 119 | 131 | 144 | 135 | 132 | 150 | 190 | 154 | 155 |
Working Capital Days | 118 | 124 | 128 | 126 | 148 | 163 | 147 | 138 | 158 | 222 | 196 | 186 |
ROCE % | 14% | 14% | 13% | 12% | 11% | 11% | 12% | 12% | 9% | 6% | 8% | 9% |
Documents
Announcements
- Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March, 2024 12 Apr
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Appointment Of Orient Capital As Investor Relations Agency
11 Apr - The Company has appointed ORIENT CAPITAL (A DIVISION OF LINK INTIME INDIA PVT LTD) as the Investor Relations Agency for providing Investor Relations Advisory Services …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2024 received from Link Intime India …
- Certificate from CEO/CFO 3 Apr
- Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Period Ended March 31, 2024 2 Apr
Annual reports
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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
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Market leadership
Company is the largest manufacturer of large size plastic drums with a market share of ~60% [1], second largest manufacturer of composite cylinders and third largest intermediate bulk container manufacturer. [2]
Product segments:
- Industrial packaging (75% of revenues) – domestic (66%), international (33%); Customers are majorly chemical and FMCG companies. Time follows a cost plus model for pricing
- Infra (15% revenues): pipes, prefabs, etc.
- Lifestyle (5% revenues): mats etc.
- Automotive components (5% revenues)