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Time Technoplast Ltd share Price Today

Company details

271.30
292.20
84.70
300.00
6M Return 60.40%
1Y Return 223.89%
Mkt Cap.(Cr) 6,306.36
Volume 1,166,671
Div Yield 0.43%
OI
-
OI Chg %
-
Volume 1,166,671

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Plastic Products firm Time Technoplast announced Q1FY23 Result :

  • Total Debt reduced by Rs 263 Mn in Q1FY23 from year ended FY22
  • Net cash from Operating Activities in Q1FY23 is Rs 804 Mn
  • Value added products grew by 36% in Q1FY23 as compared to Q1FY22, while established products grew by 23%. The company’s focus remains to increase the share of value added products in its revenue and improve margins.
  • Capacity utilization: Overall 77% (India: 72%; Overseas: 84%)
  • Continued focus on improving Working Capital cycle time and targeting to achieve 90 days in next 12-18 months.
  • Consolidation cum Restructuring of Overseas business:
    • The Board of Directors and Members have approved the consolidation cum restructuring of overseas business by way of disinvestment of majority stake to Strategic Partner/ Investor Partner. The proceeds will be used for Repayment of Debt, Capex for Composite Cylinders (LPG/CNG/Hydrogen) & Core Business in India to meet huge market demand and also used to benefit the shareholders.
    • The Company has appointed JP Morgan India and Ernst & Young India as Advisors to handle entire process of consolidation cum restructuring. The process is still under discussion on the terms and conditions of the transaction as at June 30, 2022.

“We are pleased to inform that the Company has started Fiscal 23 on an encouraging note with a healthy performance driven by good demand in Industrial packaging and robust growth in composite cylinder business. Q1 Revenue and PAT are up by 25% and 56% year-on-year led by higher utilization of capacities. This is despite global uncertainties and continued inflationary pressure in key raw materials. The company continues to receive overwhelming response for its Type-IV Composite cylinders for CNG Cascades. In addition, during the quarter, NED Energy Limited, a subsidiary of Time Technoplast Limited has signed a Memorandum of Understanding (MOU) with TESLA POWER USA INC for orders worth ?100 crores (approx.) to supply VRLA Batteries of different sizes for applications across Power, Solar, UPS etc. With strong outlook on Indian pharmaceutical and chemical business driven by migration of chemical companies out of China coupled with a good demand for CNG cascades, we expect to continue our growth momentum for the rest of the year.“ Mr. Bharat Kumar Vageria Managing Director

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Time Technoplast Ltd shares SWOT Analysis

Strengths (16)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (2)

  • Negative Breakdown Second Support (LTP < S2)
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 294.3
R2 301.3
R3 305.8
Pivot

289.77

S1 282.8
S2 278.3
S3 271.3
EMA SMA
276.6
258.4
233.1
199.7
276.5
256.5
223.7
190.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-14 212.82 1176366 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-14 212.84 1176366 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-13 190.81 1340334 NSE
Name Category Shares
Bharat Kumar Vageria PROMOTER 2.02%
Naveen Mahendra Kumar Jain PROMOTER 2.01%
Raghupathy Thyagarajan PROMOTER 2.01%
Ritu Jain PROMOTER 1.57%
Time Securities Services Private Limited PROMOTER 18.55%
Vishwalaxmi Trading and Finance Private Limited PROMOTER 15.47%
Time Exports Private Limited PROMOTER 9.75%

OUR RESEARCH VIEW

Investment recommendation
Call Date
17 Aug 2022
Entry Price 103.00
Target Price 125.00
Duration
12-18 Month
BUY

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
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P BV

Time Technoplast Ltd Stocks COMPARISON

Financials( in Cr) Time Technoplast Ltd Supreme Industries Ltd Astral Ltd Finolex Industries Ltd Safari Industries (India) Ltd
Price 277.90 5,496.50 2,149.10 320.30 2,058.40
% Change -3.31 -0.29 2.09 4.38 -0.01
Mcap Cr 6,306.36 69,820.39 57,730.63 19,873.88 10,038.20
Revenue TTM Cr 4,289.44 9,201.59 5,158.50 4,397.05 1,211.98
Net Profit TTM Cr 223.77 865.33 472.50 250.70 125.09
PE TTM 23.15 65.42 103.53 40.17 57.18
1 Year Return 223.89 97.40 25.44 75.94 61.05
ROCE 13.37 26.65 25.53 6.42 37.54
ROE 10.32 20.99 18.73 5.13 34.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,269.29 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,612.39 -26,051.38
LAST 3M 102,786.44 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,183.06 125,165.94

Time Technoplast Ltd Information

Stock PE (TTM)
23.15
Promoter Holding
51.56%
Book Value
104.168
ROCE
13.37%
ROE
10.32%
Description
  • Time Technoplast Ltd is an India-based company, which is engaged in manufacturing of polymer & Composite products. The company has operations in local as well as in foreign countries. The company offers a range of technology based polymer products catering to the growing sectors of the Indian economy with Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products. Their product portfolio consists of packaging products including Drums / Containers, Pails, PET sheets, Entrance Matting, Turfs, Garden Furniture, Automotive Components, Auto Disabling Medical Disposables and Warning Nets. The company is having their manufacturing facilities located at Baddi in Himachal Pradesh, Pantnagar in Uttarakhand, Sahibabad in Uttar Pradesh, Mahad in Maharashtra, Hosur in Tamil Nadu, Daman & Diu and Silvassa. They are also having their manufacturing facilities in Sharjah. Time Technoplast Ltd was incorporated on December 20 1989 in the name Time Packaging Pvt Ltd and in the year 1992; the name was changed to Time Packaging Ltd. In the same year, the company started their operations as a small-scale industry with production facility at Tarapur in Maharashtra. In the year 1993, they made a technical collaboration with Mauser Group. In the year 1984, the company built a new production facility at Daman (UT) and started manufacturing of large size polymer drums. In the year 1995, they established their presence in South India through their production facility at Hosur in Tamil Nadu. In the year 1996, they started a plant at Baddi in Himachal Pradesh. They launched lifestyle products, namely Synthetic Turf & Matting under the brand `Meadowz` and `DuroTurf` in the year 1998 and in the next year, they launched Garden Furniture under the brand `Regal`. In the year 1999, the company expanded their plant at Daman by adding production facility for packaging product. In the year 2000, they added new facility at Sahibabad for Garden furniture. In the year 2001, they set up an additional plant for PET sheets at Daman and also started production of plastic pails, namely conipails. In the year 2004, the company established a joint venture company with Mauser for manufacture of Intermediate Bulk Containers. In the year 2005, the company set up a 100% subsidiary, namely lan Incorporated FZE in Sharjah (UAE). In the year 2006, the company started additional manufacturing facility for production of large size plastic drums at Mahad. They launched Genex medical devices and lifestyle products, namely Durosoft during the year. They also set up a 100% subsidiary, namely Novo Tech Spzo.o. at Poland for manufacturing Auto Components and Lifestyle Products at Kostryzn Slubice Special Economic Zone. In the same year, the company entered into a MoU with Time Securities Services Pvt Ltd for acquisition of 49% stake in MHA, a joint venture with Mauser Group at Singapore. Also, they acquired 75% stake in TPL Plastech Ltd (formerly known as Tainwala Polycontainers Ltd). During the year, the group companies, namely Shalimar Packaging Pvt Ltd and Oxford Moulding Pvt Ltd merged with the company. During the year 2007-08, the company acquired 71.48% equity stake in NED Energy Ltd, a closely held company engaged in manufacture of high technology Valve Regulated Lead Acid (VRLA) batteries based at Hyderabad. Also, NED Energy Ltd acquired Gulf Powerbeat WLL (GPW), Kingdom of Bahrain, which has state-of-the art production facility at South Alba Industrial Area, Manama, Bahrain for manufacture of high quality long life batteries. In 2009, the company signed a MOU to acquire a Composite Cylinder Manufacturing Company in Czech Republic. In 2009, the Company entered into Joint Venture with M/s. Schoeller Arca Systems BV, (SAS) Netherlands to introduce a wide range of plastic Returnable Packaging (RTP) and material handling solutions. The joint venture will launch a broad range of small and large foldable containers, pallets, crates, etc. This will provide end to end material handling systems to sectors like retail, automotive, agriculture, beverages, processed food, apparels, Pharma, FMCG, consumer durables and logistics and help them reduce handling and transport costs. These products will provide long-term operational benefits, maximum efficiency and protection, optimum space utilization, create better logistics and supply chain. In 2010, the company announced launch of High Tech Composite Cylinders. The company signed a share purchase agreement to acquire Solutia Plastic business during the year under review. In 2012, the company receives ESMA approval for composite LPG cylinders. In 2013, the company was accorded the `Best Innovative Technology supplier award by TATA Motors`. The company also launched composite cylinder during the year under review. In 2015, the company won most innovative plastic product design award litesafe composite Cylinders. During FY2018, the company successfully launched Double Walled Corrugated Pipes (DWC Pipes) with a capacity of 9,000 metric tonnes with a range of 100 mm to 1200 mm. It launched new generation multilayer pipes for power/communication cable ducts with silicone in lining. It also developed associated components to offer as a complete package. These technology driven innovative products conform to international standards and are used for high performance applications. Such pipes/ ducts are being introduced for the first time in the country and have substantial business potential. The Brownfield expansion in Malaysia, Sharjah & Vietnam has been completed and now all the nine overseas locations have IBC manufacturing facilities. The total capacity of IBCs globally has gone up to 960,000 units in nine countries including India. In Composite Cylinders, the company expended its capacity from 700,000 units to 1,400,000 units to further improve manufacturing efficiency and optimize production capacity. Besides, HPCL made a soft launch of Litesafe cylinders in Mumbai, Pune and Ahmedabad. In FY 2018, the MOX film (Multi layer Multi axis Oriented Cross Laminated Film) launched last year under the brand `Techpaulin` has taken off and has been received well in the market. The company enhanced its MOX film capacity from 6,000 Mt to 12,000 Mt. to further improve manufacturing efficiency and optimize production capacity The capital expenditure incurred for the FY 2018 was Rs 2416 million, where regular and maintenance capital expenditure was Rs 1189 million and capex for value added products was Rs 1227 million. The company`s subsidiary TPL Plastech Ltd. has set up a green-field manufacturing facility for industrial Packaging products at Vizag (A.P.). In addition, it increased polymer-processing capacity by 24,000 Mt at various existing locations in FY 2018. The capital expenditure incurred for the FY 2019 was Rs 2297 million, where established products for capacity expansion, re-engineering and automation was Rs 1,713 million and capex for value added products was Rs 584 million. During FY19, the Company completed Greenfield expansion of manufacturing of Intermediate Bulk containers (IBC) in Chicago and Silvassa. In addition to the above, the company has increased its polymer processing capacity by 40,000 Mt at various existing locations. During FY19, in the pipes front the company now launched a new generation multilayer pipes for power/communication cable ducts with silicone in lining and started supplying it. These technology driven innovative products conform to international standards and are used for high performance applications. Such pipes/ ducts are being introduced for the first time in the country and have substantial business potential especially in Smart Cities. The company has added DURO Gel, Duro Comfort, Duro Carpet and Duro Mat under Mats and Turf segments of the company.

Registered Address

101 Centre Point Somnath Daman, Road Somnath Dabhel, Nani Daman, Union Territory, 396210

Tel : 91-22-71119999/42119999
Email : investors:timetechnoplast.com
Website : http://www.timetechnoplast.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532856
NSE Code : TIMETECHNO
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE508G01029

FAQ’s on Time Technoplast Ltd Shares

You can buy Time Technoplast Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Time Technoplast Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 01:34 PM the closing price of Time Technoplast Ltd was Rs.277.90.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 01:34 PM, the market cap of Time Technoplast Ltd stood at Rs. 6,306.36.

The latest PE ratio of Time Technoplast Ltd as of May 24, 2024 01:34 PM is 23.15

The latest PB ratio of Time Technoplast Ltd as of May 24, 2024 01:34 PM is 0.36

The 52-week high of Time Technoplast Ltd share price is Rs. 300.00 while the 52-week low is Rs. 84.70

According to analyst recommendations, Time Technoplast Ltd Share has a "Buy" rating for the long term.

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