Time Technoplast Ltd

About [ edit ]

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 [ edit ]
  • Market Cap 1,871 Cr.
  • Current Price 82.8
  • High / Low 84.3 / 27.4
  • Stock P/E 20.9
  • Book Value 79.8
  • Dividend Yield 1.15 %
  • ROCE 13.2 %
  • ROE 9.71 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.04 times its book value

Cons

  • The company has delivered a poor sales growth of 7.90% over past five years.
  • Company has a low return on equity of 11.68% for last 3 years.
  • Dividend payout has been low at 10.92% of profits over last 3 years
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
943 781 827 873 1,082 868 871 923 916 475 744 835
797 661 720 747 912 742 750 790 798 421 652 723
Operating Profit 146 120 108 126 170 126 121 134 118 54 92 112
OPM % 15% 15% 13% 14% 16% 15% 14% 14% 13% 11% 12% 13%
Other Income 1 0 0 0 2 0 0 1 1 0 1 1
Interest 25 23 24 25 27 28 28 27 26 25 25 24
Depreciation 39 39 40 29 38 39 40 40 37 38 37 38
Profit before tax 84 59 44 73 106 60 54 67 56 -9 30 51
Tax % 32% 25% 25% 23% 29% 25% 25% 26% 28% -35% 15% 22%
Net Profit 55 43 32 54 74 44 39 48 38 -12 24 38
EPS in Rs 2.45 1.91 1.40 2.39 3.26 1.94 1.70 2.14 1.69 -0.52 1.08 1.70

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
782 1,001 1,259 1,510 1,776 2,155 2,447 2,396 2,755 3,103 3,564 3,578 2,970
626 806 1,023 1,267 1,485 1,847 2,108 2,048 2,350 2,630 3,040 3,079 2,594
Operating Profit 156 195 236 243 292 308 339 348 404 473 524 499 376
OPM % 20% 19% 19% 16% 16% 14% 14% 15% 15% 15% 15% 14% 13%
Other Income 0 2 6 4 5 6 4 22 2 2 3 2 3
Interest 27 33 45 68 89 99 104 96 90 88 99 108 100
Depreciation 26 36 44 56 68 87 87 99 116 137 146 156 150
Profit before tax 103 128 152 123 141 128 150 174 201 250 282 237 129
Tax % 26% 23% 23% 25% 24% 23% 25% 19% 25% 26% 26% 26%
Net Profit 69 91 111 90 103 95 110 138 147 180 203 169 90
EPS in Rs 3.30 4.34 5.30 4.27 4.92 4.54 5.22 6.57 6.50 7.98 8.96 7.48 3.95
Dividend Payout % 14% 12% 11% 11% 9% 10% 10% 8% 10% 10% 10% 13%
Compounded Sales Growth
10 Years:14%
5 Years:8%
3 Years:9%
TTM:-21%
Compounded Profit Growth
10 Years:7%
5 Years:9%
3 Years:5%
TTM:-56%
Stock Price CAGR
10 Years:3%
5 Years:11%
3 Years:-18%
1 Year:173%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:12%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
21 21 21 21 21 21 21 21 23 23 23 23 23
Reserves 474 554 649 740 809 908 1,016 1,147 1,304 1,461 1,647 1,792 1,783
Borrowings 320 440 589 769 825 861 804 746 722 777 840 890 776
153 215 303 382 432 460 493 505 523 632 691 659 703
Total Liabilities 968 1,230 1,561 1,911 2,086 2,250 2,334 2,420 2,571 2,892 3,200 3,364 3,285
504 627 744 919 1,010 1,145 1,154 1,147 1,100 1,200 1,279 1,349 1,314
CWIP 28 61 119 135 148 45 43 71 87 94 98 81 77
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
436 543 698 858 929 1,060 1,138 1,202 1,384 1,598 1,822 1,934 1,894
Total Assets 968 1,230 1,561 1,911 2,086 2,250 2,334 2,420 2,571 2,892 3,200 3,364 3,285

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
117 117 140 161 221 214 269 289 188 303 281 301
-168 -199 -221 -247 -190 -124 -98 -120 -212 -244 -231 -138
74 76 92 99 -44 -74 -172 -167 19 -51 -58 -148
Net Cash Flow 23 -6 11 13 -13 16 -0 1 -5 8 -7 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 17% 17% 14% 14% 13% 14% 14% 15% 16% 16% 13%
Debtor Days 84 76 73 78 75 73 69 75 77 79 80 84
Inventory Turnover 3.94 3.89 3.76 3.76 3.73 3.99 4.01 3.70 3.92 3.83 3.84 3.54

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
52.42 51.18 51.18 51.18 51.18 51.18 51.19 51.32 51.33 51.33 51.33 51.33
19.28 21.16 21.84 21.83 20.28 19.77 18.29 17.83 17.12 15.56 15.05 15.18
9.01 9.01 9.03 9.14 11.02 11.55 11.61 11.57 10.48 10.44 11.00 11.27
19.29 18.65 17.95 17.85 17.52 17.50 18.91 19.28 21.07 22.67 22.61 22.22

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