Time Technoplast Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Polymer Products: 62.6% • Composite Products: 37.4%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has delivered good profit growth of 35.1% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 15.2% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.90x)
- Company comfortably covers its interest (9.0x coverage)
- Institutional investors have been accumulating - FII+DII up 4.9pp
CONS
- Promoter holding has decreased over last 2 years: -4.0pp
- Working capital days have increased from 118 to 162 days
- Valuation is stretched - P/E of 18.2 is well above its own 5-year median (10.7)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUPREMEIND | 3367.00 | 41.43 | 42769.95 | 1.07 | 280.72 | 38.76 | 2717.66 | 4.16 | 21.49 | 17.33 |
| ASTRAL | 1410.10 | 65.83 | 37882.36 | 0.28 | 120.20 | 51.77 | 1578.00 | 15.93 | 19.95 | 14.65 |
| GRWRHITECH | 6928.55 | 41.50 | 16096.68 | 0.17 | 132.65 | 59.78 | 633.08 | 27.90 | 18.08 | 27.17 |
| SHAILY | 3279.80 | 85.33 | 15085.52 | 0.09 | 48.01 | 16.75 | 280.67 | 13.77 | 29.46 | 29.59 |
| FINPIPE | 153.55 | 15.48 | 9527.42 | 1.79 | 114.52 | 16.67 | 883.58 | -15.30 | 12.73 | 12.09 |
| TIMETECHNO | 180.90 | 18.23 | 8929.86 | 0.83 | 1178.60 | 1120.71 | 16927.10 | 1151.40 | 17.37 | 13.25 |
| KINGFA | 6197.25 | 37.21 | 8398.13 | 0.00 | 80.21 | 101.58 | 688.57 | 49.06 | 30.70 | 16.12 |
| RESPONIND | 173.35 | 45.62 | 4621.66 | 0.06 | 2.74 | -94.51 | 192.87 | -43.06 | 10.76 | 12.09 |
| POLYPLEX | 1135.00 | 22.94 | 3563.04 | 0.26 | 171.07 | 386.02 | 2253.62 | 29.62 | 1.51 | 13.15 |
| NILKAMAL | 2054.70 | 24.60 | 3066.13 | 0.97 | 24.40 | 59.20 | 819.73 | -7.18 | 10.76 | 9.44 |
| XPROINDIA | 1294.90 | 93.05 | 3039.18 | 0.15 | 7.63 | 239.10 | 174.42 | 20.37 | 4.00 | 9.08 |
| PRINCEPIPE | 266.40 | 28.84 | 2945.35 | 0.38 | 337.49 | 6900.41 | 6094.18 | 949.97 | 6.20 | 12.66 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,079 | 1,194 | 1,325 | 1,394 | 1,230 | 1,371 | 1,388 | 1,469 | 1,353 | 1,511 | 1,565 | 1,677 | 16,927 | |
| 932 | 1,027 | 1,134 | 1,208 | 1,056 | 1,174 | 1,187 | 1,255 | 1,158 | 1,288 | 1,331 | 1,436 | 15,362 | |
| Operating Profit | 147 | 167 | 191 | 186 | 174 | 196 | 201 | 214 | 195 | 223 | 234 | 241 | 1,565 |
| OPM % | 13.64% | 13.97% | 14.39% | 13.35% | 14.18% | 14.32% | 14.46% | 14.55% | 14.41% | 14.74% | 14.92% | 14.37% | 9.24% |
| 1 | 0 | 2 | 11 | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 5 | 11 | |
| Interest | 26 | 25 | 25 | 25 | 24 | 23 | 22 | 22 | 22 | 22 | 19 | 18 | 169 |
| Depreciation | 45 | 46 | 42 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 46 | 47 | 510 |
| Profit before Tax | 76 | 96 | 126 | 133 | 110 | 133 | 137 | 150 | 129 | 157 | 171 | 181 | 1,576 |
| Tax % | 25.19% | 25.48% | 26.00% | 29.11% | 26.84% | 24.72% | 25.16% | 25.30% | 25.35% | 25.15% | 24.84% | 25.91% | 25.20% |
| Net Profit | 0 | 0 | 0 | 0 | 80 | 100 | 102 | 112 | 97 | 117 | 129 | 134 | 1,179 |
| 2.48 | 3.11 | 4.05 | 4.08 | 3.49 | 2.17 | 2.22 | 2.41 | 4.19 | 2.54 | 2.75 | 2.67 | 2.35 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,755 | 3,103 | 3,564 | 3,578 | 3,005 | 3,650 | 4,289 | 4,993 | 5,457 | 6,105 | 6,445 | |
| 2,350 | 2,630 | 3,040 | 3,079 | 2,618 | 3,144 | 3,712 | 4,302 | 4,672 | 5,213 | 5,592 | |
| Operating Profit | 404 | 473 | 524 | 499 | 387 | 506 | 577 | 691 | 785 | 892 | 854 |
| OPM % | 14.67% | 15.25% | 14.69% | 13.94% | 12.88% | 13.86% | 13.45% | 13.84% | 14.38% | 14.61% | 13.25% |
| 2 | 2 | 3 | 2 | 4 | 3 | 4 | 14 | 5 | 9 | 9 | |
| Interest | 90 | 88 | 99 | 108 | 98 | 92 | 105 | 101 | 92 | 80 | 75 |
| Depreciation | 115 | 137 | 146 | 156 | 151 | 157 | 171 | 173 | 170 | 183 | 190 |
| Profit before Tax | 201 | 250 | 282 | 237 | 142 | 259 | 305 | 431 | 529 | 638 | 666 |
| Tax % | 24.60% | 26.02% | 26.04% | 26.08% | 25.58% | 25.89% | 26.58% | 26.70% | 25.44% | 25.32% | 25.29% |
| Net Profit | 151 | 185 | 209 | 175 | 106 | 192 | 224 | 316 | 394 | 477 | 498 |
| EPS | 6.90 | 7.98 | 8.96 | 7.46 | 4.56 | 8.29 | 9.69 | 13.68 | 17.10 | 9.50 | — |
| Dividend Payout % | 9.99% | 10.03% | 10.04% | 12.70% | 15.31% | 12.03% | 12.91% | 14.62% | 14.62% | 15.80% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 15%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 35%
- 3 Years:
- 29%
STOCK PRICE CAGR
- 10 Years:
- 16%
- 5 Years:
- 38%
- 3 Years:
- 37%
- 1 Year:
- -24%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 12%
- 3 Years:
- 14%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 49 |
| Minority Interest | 38 | 40 | 46 | 52 | 48 | 53 | 58 | 64 | 70 | 78 |
| 1,304 | 1,461 | 1,643 | 1,787 | 1,875 | 2,045 | 2,243 | 2,530 | 2,869 | 4,039 | |
| 722 | 685 | 741 | 820 | 731 | 777 | 811 | 732 | 670 | 657 | |
| Trade Payables | 346 | 437 | 475 | 444 | 324 | 385 | 406 | 444 | 451 | 446 |
| 139 | 246 | 271 | 239 | 303 | 321 | 288 | 322 | 315 | 369 | |
| Total Liabilities | 2,571 | 2,892 | 3,200 | 3,364 | 3,304 | 3,604 | 3,829 | 4,114 | 4,399 | 5,639 |
| 1,100 | 1,200 | 1,279 | 1,349 | 1,281 | 1,314 | 1,383 | 1,368 | 1,373 | 1,435 | |
| Capital Work in Progress | 87 | 94 | 98 | 81 | 40 | 70 | 68 | 41 | 79 | 230 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 6 | |
| 547 | 641 | 737 | 758 | 760 | 908 | 995 | 1,050 | 1,148 | 1,328 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 943 | 1,082 | 1,162 | 1,452 | |
| Cash & Bank | 66 | 74 | 67 | 82 | 87 | 94 | 101 | 153 | 178 | 580 |
| 771 | 883 | 1,018 | 1,094 | 1,136 | 1,219 | 339 | 417 | 455 | 607 | |
| Total Assets | 2,571 | 2,892 | 3,200 | 3,364 | 3,304 | 3,604 | 3,829 | 4,114 | 4,399 | 5,639 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 228 | 353 | 343 | 364 | 291 | 345 | 370 | 406 | 431 | 233 | |
| Cash from Investing | -212 | -244 | -231 | -138 | -105 | -179 | -216 | -187 | -147 | -446 |
| Cash from Financing | 19 | -51 | -58 | -148 | -151 | -104 | -154 | -197 | -249 | 624 |
| -5 | 8 | -7 | 16 | 1 | 8 | 1 | 22 | 35 | 411 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Time Technoplast Limited has informed the Exchange that Record date for the purpose of Dividend is 15-Sep-2026.
2026-09-01 - Newspaper Advertisement regarding dispatch of Notice of 36th Annual General Meeting and other matters
2026-08-31 - Time Technoplast Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026
2026-08-31 - Time Technoplast Limited has informed the Exchange about securing order of Rs. 87.53 Crores for supply of Type IV Composite CNG Cylinders - Mobile Storage Cascades for CNG and CGD Network from Well-Established Public Sector Undertaking (PSU)
2026-08-28 - Time Technoplast Limited has informed the Exchange about Newspaper Advertisement for the attention of the shareholders of the Company with respect to the 36th Annual General Meeting to be held on September 22, 2026 at 04:00 p.m. (IST) through VC/OAVM.
2026-08-26 - The Board of Directors at its meeting held today, inter-alia, approved an investment of upto Rs. 50 Crores, in one or more tranches towards subscription to Equity Shares of Time Intercontinental Limited.
2026-08-26 - In-principle Approval for Merger of TPL Plastech Limited (Subsidiary Company) with Time Technoplast Limited (Holding Company), Subject to Further Approvals
2026-08-26 - The Board of Directors of Time Technoplast Limited ( TTL ) at its meeting held today i.e. on August 26, 2026, inter-alia, transacted and approved the following businesses: 1. In-principle Approval for Merger of TPL Plastech Limited (Subsidiary Company) with Time Technoplast Limited (Holding Company), Subject to Further Approvals, 2. Board Decides Not to Proceed with Acquisition of Ebullient Packaging Private Limited ('EPPL'), 3. Approved Investment in Equity Shares of Time Intercontinental Limited (TICL)
2026-08-18 - Time Technoplast Limited has informed the Exchange about Schedule of meet
News
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Time Technoplast Ltd.
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