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 21.4
  • Book Value 67.1
  • Dividend Yield 0.69 %
  • ROCE 17.4 %
  • ROE 14.2 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 18.0% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -4.16%
  • The company has delivered a poor sales growth of 8.81% over past five years.
  • Company has a low return on equity of 12.4% 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,024 1,129 1,192 1,079 1,194 1,325 1,394 1,230 1,371 1,388 1,469 1,353 1,511
891 978 1,023 932 1,027 1,134 1,208 1,056 1,174 1,187 1,255 1,158 1,288
Operating Profit 133 151 169 147 167 191 186 174 196 201 214 195 223
OPM % 13% 13% 14% 14% 14% 14% 13% 14% 14% 14% 15% 14% 15%
0 2 1 1 0 2 11 1 1 2 2 1 1
Interest 24 26 33 26 25 25 25 24 23 22 22 22 22
Depreciation 42 43 45 45 46 42 40 41 42 43 44 45 46
Profit before tax 68 84 92 76 96 126 133 110 133 137 150 129 157
Tax % 26% 26% 29% 25% 25% 26% 29% 27% 25% 25% 25% 25% 25%
51 63 65 57 71 93 94 80 100 102 112 97 117
EPS in Rs 1.10 1.35 1.41 1.24 1.56 2.02 2.03 1.75 2.17 2.22 2.41 2.10 2.54
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,155 2,447 2,396 2,755 3,103 3,564 3,578 3,005 3,650 4,289 4,992 5,457 5,720
1,847 2,108 2,048 2,350 2,630 3,040 3,079 2,618 3,144 3,712 4,302 4,672 4,888
Operating Profit 308 339 348 404 473 524 499 387 506 577 691 785 832
OPM % 14% 14% 15% 15% 15% 15% 14% 13% 14% 13% 14% 14% 15%
6 4 22 2 2 3 2 4 3 4 14 5 6
Interest 99 104 96 90 88 99 108 98 92 105 101 92 88
Depreciation 87 87 99 116 137 146 156 151 157 171 173 170 177
Profit before tax 128 150 174 201 250 282 237 142 259 305 431 529 572
Tax % 23% 25% 19% 25% 26% 26% 26% 26% 26% 27% 27% 25%
99 113 142 151 185 209 175 106 192 224 316 394 428
EPS in Rs 2.27 2.61 3.29 3.25 3.99 4.48 3.74 2.29 4.16 4.84 6.84 8.55 9.27
Dividend Payout % 10% 10% 8% 10% 10% 10% 13% 15% 12% 13% 15% 15%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 14%
TTM: 8%
Compounded Profit Growth
10 Years: 13%
5 Years: 18%
3 Years: 27%
TTM: 16%
Stock Price CAGR
10 Years: 21%
5 Years: 49%
3 Years: 58%
1 Year: -18%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 12%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 908 1,016 1,147 1,304 1,461 1,647 1,792 1,880 2,050 2,247 2,530 2,869 2,998
861 804 746 722 777 840 890 863 906 900 829 732 684
460 493 505 523 632 691 659 538 626 660 732 775 789
Total Liabilities 2,250 2,334 2,420 2,571 2,892 3,200 3,364 3,304 3,604 3,829 4,114 4,399 4,516
1,145 1,154 1,147 1,100 1,200 1,279 1,349 1,281 1,314 1,383 1,368 1,373 1,419
CWIP 45 43 71 87 94 98 81 40 70 68 41 79 60
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 2 3 4
1,060 1,138 1,202 1,384 1,598 1,822 1,934 1,983 2,220 2,379 2,703 2,943 3,032
Total Assets 2,250 2,334 2,420 2,571 2,892 3,200 3,364 3,304 3,604 3,829 4,114 4,399 4,516

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
214 269 289 188 303 281 301 257 291 370 406 431
-124 -98 -120 -212 -244 -231 -138 -102 -179 -216 -187 -147
-74 -172 -167 19 -51 -58 -148 -151 -104 -154 -197 -249
Net Cash Flow 16 -0 1 -5 8 -7 16 4 8 1 22 35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 73 69 75 77 79 80 84 97 87 80 79 78
Inventory Days 104 102 104 104 109 107 110 132 129 117 107 108
Days Payable 71 67 70 66 74 69 65 56 55 48 45 42
Cash Conversion Cycle 106 104 110 115 113 118 130 173 161 150 141 143
Working Capital Days 17 19 26 53 61 65 81 111 98 96 93 106
ROCE % 13% 13% 14% 14% 15% 16% 13% 9% 12% 13% 16% 17%

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.

Click on the line-items to see the names of individual entities.

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