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Time Technoplast

TIMETECHNO NSE
₹171.42 +4.92 (+2.95%)
P/E
16.94
View as Markdown
MCP
Close 4 Nov 2026 ₹171.42 −37.72 −18.0% 1Y
Start ₹209.14

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
16.50%
Debt to Equity
0.18
EPS (TTM)
₹10.12
Book Value
₹82.82
Market Cap
—
P/E (TTM)
16.94
P/B
2.07
ROE
13.10%
Dividend Yield
0.90%
EBITDA
₹901 Cr
52W High
₹218.20
52W Low
₹153.60
Day Range
₹165.50 – ₹171.80
Volume
31,50,822

Peer Comparison

Industrials › Industrial Products › Plastic Products - Industrial

Time Technoplast peer comparison
Supreme Industries
₹3,353.5041.26₹42,083 Cr6.660.36%15.80%20.70%₹11,326 Cr₹1,033 Cr
Astral
₹1,423.7066.43₹37,224 Cr9.430.29%13.80%19.20%₹6,785 Cr₹576 Cr
Garware Hi-Tech Films
₹7,544.5045.19₹17,078 Cr6.030.16%13.50%18.10%₹2,258 Cr₹388 Cr
Kingfa Science & Technology
₹6,816.5040.93₹9,153 Cr6.600.30%17.40%23.20%₹2,222 Cr₹225 Cr
Finolex Industries
₹143.9514.51₹8,730 Cr1.181.99%8.57%11.80%₹3,954 Cr₹616 Cr
Time Technoplast (this company)
₹171.4216.94₹8,407 Cr2.070.90%13.10%16.50%₹6,445 Cr₹498 Cr
Prince Pipes & Fittings
₹297.7532.26₹3,136 Cr2.000.36%4.60%6.03%₹2,627 Cr₹103 Cr
Median 7 companies₹1,423.7040.93₹9,153 Cr6.030.36%13.50%18.10%₹3,954 Cr₹498 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

51 Average

Data confidence 100/100

Category scores

Quality
34
Poor
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
48
Average
Sales & profit trajectory 9% weight
Financial Health
53
Average
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
65
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 34.7% CAGR over last 5 years

Weaknesses

2
  • Company has a low return on equity of 13.3% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.21%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
50.20
Neutral
MACD (12,26,9)
−4.37
Bullish
SMA (50)
177.81
Bearish
SMA (200)
182.30
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.80%
5Y+15.23%
3Y+12.49%
1Y+11.87%
TTM+15.50%

Net profit

Net profit growth by window
10Y+12.88%
5Y+35.10%
3Y+28.65%
1Y+21.07%
TTM+21.17%

Operating cash flow

Operating cash flow growth by window
10Y−2.13%
5Y−1.94%
3Y−14.29%
1Y−45.94%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.09 pp
5Y+1.73 pp
3Y+1.16 pp
1Y+0.22 pp
TTM−0.14 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,755 Cr
Mar 2018₹3,103 Cr
Mar 2019₹3,564 Cr
Mar 2020₹3,578 Cr
Mar 2021₹3,005 Cr
Mar 2022₹3,650 Cr
Mar 2023₹4,289 Cr
Mar 2024₹4,992 Cr
Mar 2025₹5,457 Cr
Mar 2026₹6,105 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹151 Cr
Mar 2018₹185 Cr
Mar 2019₹209 Cr
Mar 2020₹175 Cr
Mar 2021₹106 Cr
Mar 2022₹192 Cr
Mar 2023₹224 Cr
Mar 2024₹316 Cr
Mar 2025₹394 Cr
Mar 2026₹477 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹1,028 Cr +14.0% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium

Time Technoplast Ltd is a ₹10,345 Cr market-cap industrial products company that has delivered 35% profit CAGR over five years and 12% TTM sales growth, while trading at a PE of 21.6x. However, return on equity remains modest at ~13% over three years, promoter holding has declined by 4.13%, and the stock has corrected 11% over the past year despite strong long-term compounding.

Bull Case 8
  • Strong 5-year profit CAGR of 35%, significantly outpacing the 15% revenue CAGR over the same period, indicating margin expansion
  • Consolidated revenue grew 9.3% YoY to ₹54,570 Mn in FY25 from ₹49,925 Mn in FY24, showing consistent top-line momentum
  • Value-added products segment (IBCs, composite cylinders, MOX films) grew 18% in FY26 vs 10% growth in established products, signalling a favourable mix shift
  • Composite cylinder capacity being doubled from 30,000 to 66,000 units per year, with an order book of ₹924 Mn as of late 2025, tapping the global LPG/CNG transition
  • 3-year stock CAGR of 44% and 10-year CAGR of 21% reflect sustained long-term wealth creation
  • TTM profit growth of 21% continues to outpace TTM sales growth of 12%, indicating operating leverage is intact
  • Debt-to-equity ratio of approximately 0.18x as per recent filings indicates a relatively conservative balance sheet
  • Operations across 11 countries with roughly 50-50 India/international revenue split provides geographic diversification
Bear Case 8
  • Return on equity of only 13% over the last 3 years is below the 15%+ threshold typically expected for quality compounders
  • Promoter holding has decreased by 4.13% over the last 3 years, which may signal reduced promoter confidence or dilution
  • Stock has declined 11% over the past 1 year despite continued earnings growth, suggesting possible de-rating or market concerns
  • PE of 21.6x for a company generating only 13% ROE implies the valuation already prices in significant future improvement
  • 10-year profit CAGR of only 13% versus the recent 5-year CAGR of 35% shows that historical long-term growth was much slower, raising sustainability questions
  • Net profit margin stood at approximately 7.8% in Q4 FY25, which is modest for a manufacturing business at this scale
  • Dividend yield of 1.2% is low, indicating limited near-term cash return to shareholders
  • 10-year sales CAGR of 10% suggests underlying volume growth is moderate and recent acceleration may partly reflect price pass-throughs

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Time Technoplast shows steady operational momentum with a ₹38.14 crore HPCL order reinforcing its composite LPG cylinder business tied to government distribution initiatives. No visible headwinds in recent news, and timely debt repayment signals healthy liquidity. The upcoming Q1FY27 earnings call on Aug 6 will be the next catalyst for re-rating or risk reassessment.

Positives 1
  • ₹38Cr HPCL composite cylinder order Jul 17

    Secured ₹38.14 crore order from HPCL via GeM for 1,40,000 Type IV Composite LPG Cylinders, to be executed within six months. Order supports HPCL's new quick-commerce distribution model.

Neutral 2
  • Q1FY27 earnings call Aug 6 Jul 30

    Management will host Q1FY27 earnings conference call on August 6, 2026 at 16:00 IST to discuss quarterly performance.

  • Commercial paper repaid on time Jul 23

    Time Technoplast certified timely repayment of its commercial paper maturity amount on July 23, 2026, indicating no debt servicing stress.

Quarterly Results

₹ Cr
TIMETECHNO quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,079
1,194
1,325
1,394
1,230
1,371
1,388
1,469
1,353
1,511
1,565
1,677
1,693
Expenses
932
1,027
1,134
1,208
1,056
1,174
1,187
1,255
1,158
1,288
1,331
1,436
1,468
Operating Profit
147
167
191
186
174
196
201
214
195
223
234
241
224
OPM %
14%
14%
14%
13%
14%
14%
14%
15%
14%
15%
15%
14%
13%
Other Income
1
0
2
11
1
1
2
2
1
1
2
5
1
Interest
26
25
25
25
24
23
22
22
22
22
19
18
17
Depreciation
45
46
42
40
41
42
43
44
45
46
46
47
51
PBT
76
96
126
133
110
133
137
150
129
157
171
181
158
Tax %
25%
25%
26%
29%
27%
25%
25%
25%
25%
25%
25%
26%
25%
Net Profit
57
71
93
94
80
100
102
112
97
117
129
134
118
EPS (₹)
1.24
1.56
2.02
2.03
1.75
2.17
2.22
2.41
2.1
2.54
2.56
2.67
2.35

Profit & Loss

₹ Cr
TIMETECHNO profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,447
2,396
2,755
3,103
3,564
3,578
3,005
3,650
4,289
4,992
5,457
6,105
6,445
Expenses
2,108
2,048
2,350
2,630
3,040
3,079
2,618
3,144
3,712
4,302
4,672
5,213
5,524
Operating Profit
339
348
404
473
524
499
387
506
577
691
785
892
922
OPM %
14%
15%
15%
15%
15%
14%
13%
14%
13%
14%
14%
15%
14%
Other Income
4
22
2
2
3
2
4
3
4
14
5
9
9
Interest
104
96
90
88
99
108
98
92
105
101
92
80
75
Depreciation
87
99
116
137
146
156
151
157
171
173
170
183
190
PBT
150
174
201
250
282
237
142
259
305
431
529
638
666
Tax %
25%
19%
25%
26%
26%
26%
26%
26%
27%
27%
25%
25%
—
Net Profit
113
142
151
185
209
175
106
192
224
316
394
477
498
EPS (₹)
2.61
3.29
3.25
3.99
4.48
3.74
2.29
4.16
4.84
6.84
8.55
9.5
10.12
Div. Payout %
10%
8%
10%
10%
10%
13%
15%
12%
13%
15%
15%
16%
—

Balance Sheet

₹ Cr
TIMETECHNO balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
21
21
23
23
23
23
23
23
23
23
23
49
Reserves
1,016
1,147
1,304
1,461
1,647
1,792
1,880
2,050
2,247
2,530
2,869
4,039
Borrowings
804
746
722
777
840
890
863
906
900
829
732
733
Other Liabilities
493
505
523
632
691
659
538
626
660
732
775
817
Total Liabilities
2,334
2,420
2,571
2,892
3,200
3,364
3,304
3,604
3,829
4,114
4,399
5,639
Fixed Assets
1,154
1,147
1,100
1,200
1,279
1,349
1,281
1,314
1,383
1,368
1,373
1,435
CWIP
43
71
87
94
98
81
40
70
68
41
79
230
Investments
0
0
0
0
0
0
0
0
0
2
3
6
Other Assets
1,138
1,202
1,384
1,598
1,822
1,934
1,983
2,220
2,379
2,703
2,943
3,968
Total Assets
2,334
2,420
2,571
2,892
3,200
3,364
3,304
3,604
3,829
4,114
4,399
5,639

Cash Flow

₹ Cr
TIMETECHNO cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
269
289
188
303
281
301
257
291
370
406
431
233
Investing
−98
−120
−212
−244
−231
−138
−105
−179
−216
−187
−147
−446
Financing
−172
−167
19
−51
−58
−148
−151
−104
−154
−197
−249
624
Net Cash Flow
0
1
−5
8
−7
16
1
8
1
22
35
411
Free Cash Flow
172
173
−24
59
51
164
155
104
147
251
235
−137
CFO/EBITDA
87
92
56
75
65
73
75
68
76
72
70
41

Ratios

TIMETECHNO financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
69
75
77
79
80
84
97
87
80
79
78
87
Inventory Days
102
104
104
109
107
110
132
129
117
107
108
111
Days Payable
67
70
66
74
69
65
56
55
48
45
42
37
Cash Conversion Cycle
104
110
115
113
118
130
173
161
150
141
143
161
Working Capital Days
19
26
53
61
65
81
111
98
96
93
106
127
ROCE %
13%
14%
14%
15%
16%
13%
9%
12%
13%
16%
17%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Time Technoplast insights

63 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 47.47%
  • Public 19.53%
  • DIIs 17.85%
  • FIIs 9.16%
  • Others 5.99%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Time Technoplast

What does Time Technoplast Ltd do?
Time Technoplast is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products.
Where is Time Technoplast Ltd (TIMETECHNO) listed?
Time Technoplast Ltd trades as TIMETECHNO on the NSE and under code 532856 on the BSE.
Which sector does Time Technoplast Ltd belong to?
Time Technoplast Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the PE ratio of Time Technoplast Ltd?
Time Technoplast Ltd trades at a PE ratio of 16.94 as of 4 Nov 2026, on earnings per share of ₹10.12, against a book value of ₹82.82 per share.
What is the 52-week high and low of Time Technoplast Ltd?
Over the last 52 weeks Time Technoplast Ltd has traded between ₹153.6 and ₹218.2 as of 4 Nov 2026.
Does Time Technoplast Ltd pay dividends?
Time Technoplast Ltd has a dividend yield of 0.90%.
What is the Return on Equity (ROE) of Time Technoplast Ltd?
Time Technoplast Ltd reported a return on equity of 13.10%. Its debt-to-equity ratio is 0.18.

Company Information

Time Technoplast is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products.

Website timetechnoplast.com
CEO Mr. Bharat Kumar Vageria
Employees 3,657
Listed 13 Jun 2007
Face Value ₹1

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