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 ₹ 9,289 Cr.
- Current Price ₹ 188
- High / Low ₹ 249 / 153
- Stock P/E 45.5
- Book Value ₹ 39.4
- Dividend Yield 0.66 %
- 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 4.78 times its book value
- 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.
- 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.
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: | 23% |
| 5 Years: | 37% |
| 3 Years: | 67% |
| 1 Year: | 11% |
| 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 |
| Free Cash Flow | 25 | 82 | -21 | -105 | 34 | 41 | 44 | 98 | 26 | 53 | 116 | 165 |
| CFO/OP | 66% | 78% | 58% | 42% | 91% | 76% | 68% | 82% | 72% | 84% | 77% | 80% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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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Extracted by Screener AI
Documents
Announcements
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Hydrogen Cylinder Design Approved For Use In Buses, Trucks And Trailers
29 Apr - PESO approved 250-litre Type IV hydrogen cylinders for buses, trucks and trailers; validation in 90 days.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
24 Apr - Time Technoplast says it is not a Large Corporate; outstanding borrowing Rs.99.45 crore, rating AA-/Stable.
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Intimation of Repayment of Commercial Paper (CP)
16 Apr - Time Technoplast repaid Commercial Paper INR amount on 16 April 2026 as scheduled.
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Time Technoplast Limited Has Entered A Memorandum Of Understanding (Mou) With Promoters Of Systoverse Private Limited (SPL) For Acquisition Of 76% Stake In SPL
14 Apr - TTL signs MOU to acquire 76% of Systoverse Private Limited, subject to due diligence.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026 received from MUFG Intime India Pvt. …
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
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Financial Year 2012
from bse
Concalls
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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]