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 ₹ 4,190 Cr.
- Current Price ₹ 185
- High / Low ₹ 189 / 69.4
- Stock P/E 16.7
- Book Value ₹ 105
- Dividend Yield 0.68 %
- ROCE 13.1 %
- ROE 10.0 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 6.69% over past five years.
- Company has a low return on equity of 8.46% over last 3 years.
- Dividend payout has been low at 13.4% of profits 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,510 | 1,776 | 2,155 | 2,447 | 2,396 | 2,755 | 3,103 | 3,564 | 3,578 | 3,005 | 3,650 | 4,289 | 4,595 | |
1,267 | 1,485 | 1,847 | 2,108 | 2,048 | 2,350 | 2,630 | 3,040 | 3,079 | 2,618 | 3,144 | 3,712 | 3,960 | |
Operating Profit | 243 | 292 | 308 | 339 | 348 | 404 | 473 | 524 | 499 | 387 | 506 | 577 | 634 |
OPM % | 16% | 16% | 14% | 14% | 15% | 15% | 15% | 15% | 14% | 13% | 14% | 13% | 14% |
4 | 5 | 6 | 4 | 22 | 2 | 2 | 3 | 2 | 4 | 3 | 4 | 4 | |
Interest | 68 | 89 | 99 | 104 | 96 | 90 | 88 | 99 | 108 | 98 | 92 | 105 | 110 |
Depreciation | 56 | 68 | 87 | 87 | 99 | 116 | 137 | 146 | 156 | 151 | 157 | 171 | 180 |
Profit before tax | 123 | 141 | 128 | 150 | 174 | 201 | 250 | 282 | 237 | 142 | 259 | 305 | 348 |
Tax % | 25% | 24% | 23% | 25% | 19% | 25% | 26% | 26% | 26% | 26% | 26% | 27% | |
92 | 107 | 99 | 113 | 142 | 151 | 185 | 209 | 175 | 106 | 192 | 224 | 256 | |
EPS in Rs | 4.27 | 4.92 | 4.54 | 5.22 | 6.57 | 6.50 | 7.98 | 8.96 | 7.48 | 4.57 | 8.31 | 9.69 | 11.11 |
Dividend Payout % | 11% | 9% | 10% | 10% | 8% | 10% | 10% | 10% | 13% | 15% | 12% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 6% |
TTM: | 16% |
Compounded Profit Growth | |
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10 Years: | 8% |
5 Years: | 4% |
3 Years: | 9% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 13% |
3 Years: | 55% |
1 Year: | 99% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 8% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 740 | 809 | 908 | 1,016 | 1,147 | 1,304 | 1,461 | 1,647 | 1,792 | 1,880 | 2,050 | 2,247 | 2,343 |
769 | 825 | 861 | 804 | 746 | 722 | 777 | 840 | 890 | 863 | 906 | 891 | 865 | |
382 | 432 | 460 | 493 | 505 | 523 | 632 | 691 | 659 | 538 | 626 | 669 | 682 | |
Total Liabilities | 1,911 | 2,086 | 2,250 | 2,334 | 2,420 | 2,571 | 2,892 | 3,200 | 3,364 | 3,304 | 3,604 | 3,829 | 3,914 |
919 | 1,010 | 1,145 | 1,154 | 1,147 | 1,100 | 1,200 | 1,279 | 1,349 | 1,281 | 1,314 | 1,383 | 1,389 | |
CWIP | 135 | 148 | 45 | 43 | 71 | 87 | 94 | 98 | 81 | 40 | 70 | 68 | 69 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
858 | 929 | 1,060 | 1,138 | 1,202 | 1,384 | 1,598 | 1,822 | 1,934 | 1,983 | 2,220 | 2,379 | 2,454 | |
Total Assets | 1,911 | 2,086 | 2,250 | 2,334 | 2,420 | 2,571 | 2,892 | 3,200 | 3,364 | 3,304 | 3,604 | 3,829 | 3,914 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
161 | 221 | 214 | 269 | 289 | 188 | 303 | 281 | 301 | 257 | 291 | 370 | |
-247 | -190 | -124 | -98 | -120 | -212 | -244 | -231 | -138 | -105 | -179 | -216 | |
99 | -44 | -74 | -172 | -167 | 19 | -51 | -58 | -148 | -151 | -104 | -154 | |
Net Cash Flow | 13 | -13 | 16 | -0 | 1 | -5 | 8 | -7 | 16 | 1 | 8 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 78 | 75 | 73 | 69 | 75 | 77 | 79 | 80 | 84 | 97 | 87 | 80 |
Inventory Days | 111 | 112 | 104 | 102 | 104 | 104 | 109 | 107 | 110 | 132 | 129 | 117 |
Days Payable | 84 | 83 | 71 | 67 | 70 | 66 | 74 | 69 | 65 | 56 | 55 | 48 |
Cash Conversion Cycle | 105 | 104 | 106 | 104 | 110 | 115 | 113 | 118 | 130 | 173 | 161 | 150 |
Working Capital Days | 89 | 73 | 79 | 77 | 88 | 102 | 103 | 108 | 125 | 177 | 155 | 144 |
ROCE % | 13% | 14% | 13% | 13% | 14% | 14% | 15% | 16% | 13% | 9% | 12% | 13% |
Documents
Announcements
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Non-Core Assets Held For Sale In India
1d - The Company has signed an MOU for selling the land & building located in Southern India for a total consideration of Rs. 26.5 Crores. The …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Dec - The Company through its representatives will participate in the Nuvama Emerging Ideas Conference 2023 organized by Nuvama Professional Clients Group on 5th December, 2023 at …
- Intimation of Repayment of Commercial Paper (CP) 24 Nov
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
22 Nov - The Compensation Committee has today, 22nd November, 2023 allotted 7,82,316 Equity Shares of the Company at Rs. 93.58/- per share to the grantees/allottees on exercise …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 Nov - Transcript of the Conference Call held on November 16, 2023 to discuss Q2FY24 Results.
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 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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Nov 2023Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2018Transcript PPT
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Nov 2017Transcript PPT
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Aug 2017Transcript PPT
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May 2017TranscriptNotesPPT
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Feb 2017Transcript PPT
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Oct 2016TranscriptNotesPPT
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)