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 ₹ 8,786 Cr.
- Current Price ₹ 387
- High / Low ₹ 403 / 137
- Stock P/E 26.3
- Book Value ₹ 112
- Dividend Yield 0.52 %
- ROCE 16.0 %
- ROE 12.9 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 3.49 times its book value
- Company has a low return on equity of 10.9% 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,776 | 2,155 | 2,447 | 2,396 | 2,755 | 3,103 | 3,564 | 3,578 | 3,005 | 3,650 | 4,289 | 4,992 | 5,143 | |
1,485 | 1,847 | 2,108 | 2,048 | 2,350 | 2,630 | 3,040 | 3,079 | 2,618 | 3,144 | 3,712 | 4,302 | 4,425 | |
Operating Profit | 292 | 308 | 339 | 348 | 404 | 473 | 524 | 499 | 387 | 506 | 577 | 691 | 718 |
OPM % | 16% | 14% | 14% | 15% | 15% | 15% | 15% | 14% | 13% | 14% | 13% | 14% | 14% |
5 | 6 | 4 | 22 | 2 | 2 | 3 | 2 | 4 | 3 | 4 | 14 | 14 | |
Interest | 89 | 99 | 104 | 96 | 90 | 88 | 99 | 108 | 98 | 92 | 105 | 101 | 99 |
Depreciation | 68 | 87 | 87 | 99 | 116 | 137 | 146 | 156 | 151 | 157 | 171 | 173 | 168 |
Profit before tax | 141 | 128 | 150 | 174 | 201 | 250 | 282 | 237 | 142 | 259 | 305 | 431 | 465 |
Tax % | 24% | 23% | 25% | 19% | 25% | 26% | 26% | 26% | 26% | 26% | 27% | 27% | |
107 | 99 | 113 | 142 | 151 | 185 | 209 | 175 | 106 | 192 | 224 | 316 | 339 | |
EPS in Rs | 4.92 | 4.54 | 5.22 | 6.57 | 6.50 | 7.98 | 8.96 | 7.48 | 4.57 | 8.31 | 9.69 | 13.68 | 14.71 |
Dividend Payout % | 9% | 10% | 10% | 8% | 10% | 10% | 10% | 13% | 15% | 12% | 13% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 18% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 9% |
3 Years: | 44% |
TTM: | 45% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 47% |
3 Years: | 75% |
1 Year: | 174% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 21 | 21 | 21 | 21 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 809 | 908 | 1,016 | 1,147 | 1,304 | 1,461 | 1,647 | 1,792 | 1,880 | 2,050 | 2,247 | 2,530 |
825 | 861 | 804 | 746 | 722 | 777 | 840 | 890 | 863 | 906 | 891 | 829 | |
432 | 460 | 493 | 505 | 523 | 632 | 691 | 659 | 538 | 626 | 669 | 732 | |
Total Liabilities | 2,086 | 2,250 | 2,334 | 2,420 | 2,571 | 2,892 | 3,200 | 3,364 | 3,304 | 3,604 | 3,829 | 4,114 |
1,010 | 1,145 | 1,154 | 1,147 | 1,100 | 1,200 | 1,279 | 1,349 | 1,281 | 1,314 | 1,383 | 1,368 | |
CWIP | 148 | 45 | 43 | 71 | 87 | 94 | 98 | 81 | 40 | 70 | 68 | 41 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
929 | 1,060 | 1,138 | 1,202 | 1,384 | 1,598 | 1,822 | 1,934 | 1,983 | 2,220 | 2,379 | 2,703 | |
Total Assets | 2,086 | 2,250 | 2,334 | 2,420 | 2,571 | 2,892 | 3,200 | 3,364 | 3,304 | 3,604 | 3,829 | 4,114 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
221 | 214 | 269 | 289 | 188 | 303 | 281 | 301 | 257 | 291 | 370 | 406 | |
-190 | -124 | -98 | -120 | -212 | -244 | -231 | -138 | -105 | -179 | -216 | -187 | |
-44 | -74 | -172 | -167 | 19 | -51 | -58 | -148 | -151 | -104 | -154 | -197 | |
Net Cash Flow | -13 | 16 | -0 | 1 | -5 | 8 | -7 | 16 | 1 | 8 | 1 | 22 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 75 | 73 | 69 | 75 | 77 | 79 | 80 | 84 | 97 | 87 | 80 | 79 |
Inventory Days | 112 | 104 | 102 | 104 | 104 | 109 | 107 | 110 | 132 | 129 | 117 | 107 |
Days Payable | 83 | 71 | 67 | 70 | 66 | 74 | 69 | 65 | 56 | 55 | 48 | 45 |
Cash Conversion Cycle | 104 | 106 | 104 | 110 | 115 | 113 | 118 | 130 | 173 | 161 | 150 | 141 |
Working Capital Days | 73 | 79 | 77 | 88 | 102 | 103 | 108 | 125 | 177 | 155 | 144 | 136 |
ROCE % | 14% | 13% | 13% | 14% | 14% | 15% | 16% | 13% | 9% | 12% | 13% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12h - Transcript of the Conference Call held on August 13, 2024 to discuss Q1FY25 Results.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Aug - The Company will participate in the 20th Annual Global Investor Conference, organized by Motilal Oswal on August 21, 2024 at Mumbai.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Aug - Newspaper Advertisement for Publication of Unaudited Financial Results (Consolidated & Standalone) for the Quarter ended 30th June, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Aug - The audio recording of the Company's conference call held on August 13, 2024 to discuss Q1FY25 Results is available on the Company's website. The web …
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Aug - Earnings Presentation in respect of the Unaudited (Standalone & Consolidated) Financial Results declared for the Quarter ended June 30, 2024.
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 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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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
from nse
Concalls
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Aug 2024TranscriptNotesPPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Nov 2020TranscriptPPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018TranscriptNotesPPT
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Aug 2018Transcript PPT
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May 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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May 2018Transcript PPT
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Feb 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)