Time Technoplast Ltd

Time Technoplast Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Time Technoplast Ltd

₹ 333 2.94%
22 Jul 3:25 p.m.
timetechnoplast.com BSE: 532856 NSE: TIMETECHNO
About

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

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)

Website BSE NSE
  • Market Cap ₹ 7,551 Cr.
  • Current Price ₹ 333
  • High / Low ₹ 362 / 130
  • Stock P/E 47.3
  • Book Value ₹ 77.9
  • Dividend Yield 0.40 %
  • ROCE 11.2 %
  • ROE 9.37 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 25.6%

Cons

  • Stock is trading at 4.17 times its book value
  • Company has a low return on equity of 7.70% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
583 377 520 534 600 472 537 564 670 544 624 677 788
504 327 446 458 519 411 468 484 571 467 537 577 685
Operating Profit 79 50 73 76 81 61 69 80 99 77 87 100 103
OPM % 14% 13% 14% 14% 14% 13% 13% 14% 15% 14% 14% 15% 13%
0 0 2 0 0 0 2 0 0 0 4 0 10
Interest 14 13 13 13 13 13 13 14 16 14 14 15 15
Depreciation 24 24 24 24 25 25 26 27 29 29 29 25 25
Profit before tax 42 13 38 39 44 23 32 39 55 34 47 60 73
Tax % 23% 26% 26% 26% 25% 26% 25% 25% 26% 26% 26% 26% 26%
33 10 28 29 33 17 24 29 41 25 35 45 55
EPS in Rs 1.44 0.42 1.25 1.28 1.44 0.75 1.06 1.30 1.81 1.13 1.53 1.98 2.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,049 1,191 1,318 1,342 1,596 1,808 2,117 2,141 1,725 2,031 2,242 2,633
855 1,008 1,116 1,131 1,348 1,517 1,796 1,849 1,509 1,751 1,934 2,266
Operating Profit 194 183 202 211 248 291 320 292 217 280 309 367
OPM % 18% 15% 15% 16% 16% 16% 15% 14% 13% 14% 14% 14%
4 23 1 36 2 2 2 2 2 3 2 14
Interest 56 61 65 62 56 54 60 63 56 53 56 58
Depreciation 40 44 44 55 66 85 90 95 93 97 106 108
Profit before tax 102 101 94 130 127 154 173 135 69 133 149 215
Tax % 26% 21% 25% 24% 25% 26% 27% 28% 26% 26% 26% 26%
76 80 70 99 95 113 126 98 51 99 111 160
EPS in Rs 3.60 3.82 3.33 4.71 4.20 5.01 5.58 4.32 2.27 4.39 4.92 7.03
Dividend Payout % 13% 12% 15% 12% 15% 16% 16% 22% 31% 23% 25% 28%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 15%
TTM: 17%
Compounded Profit Growth
10 Years: 7%
5 Years: 5%
3 Years: 46%
TTM: 44%
Stock Price CAGR
10 Years: 21%
5 Years: 33%
3 Years: 58%
1 Year: 136%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 8%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 680 748 804 903 1,133 1,229 1,337 1,413 1,443 1,525 1,612 1,746
468 504 491 534 572 629 668 741 715 746 764 722
217 233 245 277 292 360 393 364 318 473 454 484
Total Liabilities 1,386 1,506 1,561 1,736 2,020 2,241 2,421 2,540 2,498 2,766 2,853 2,974
483 580 607 654 754 872 960 1,028 976 1,013 1,080 1,027
CWIP 106 40 29 48 60 57 49 41 25 37 37 39
Investments 145 150 150 135 151 160 160 160 165 165 165 166
652 736 775 898 1,056 1,152 1,252 1,312 1,332 1,552 1,571 1,743
Total Assets 1,386 1,506 1,561 1,736 2,020 2,241 2,421 2,540 2,498 2,766 2,853 2,974

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
94 99 144 100 72 235 210 162 160 171 227 242
-74 -57 -61 -72 -191 -207 -167 -116 -67 -132 -166 -112
-16 -37 -89 -31 115 -14 -42 -45 -104 -38 -61 -128
Net Cash Flow 4 6 -6 -2 -4 13 1 0 -10 0 0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 78 82 79 94 96 95 90 96 117 110 107 98
Inventory Days 109 101 101 106 110 112 106 105 128 125 114 107
Days Payable 68 67 61 70 62 72 63 52 55 80 66 57
Cash Conversion Cycle 119 117 119 131 144 135 132 150 190 154 155 148
Working Capital Days 124 128 126 148 163 147 138 158 222 196 186 169
ROCE % 14% 13% 12% 11% 11% 12% 12% 9% 6% 8% 9% 11%

Shareholding Pattern

Numbers in percentages

10 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
51.33% 51.33% 51.33% 51.33% 51.33% 51.33% 51.47% 51.69% 51.69% 51.51% 51.56% 51.56%
13.37% 12.43% 10.87% 8.70% 7.81% 8.88% 8.05% 6.88% 5.96% 5.70% 6.18% 6.78%
11.01% 10.09% 9.59% 9.13% 9.24% 8.94% 8.16% 6.21% 9.95% 10.42% 10.93% 10.97%
24.29% 26.14% 28.21% 30.83% 31.62% 30.85% 32.31% 35.22% 32.39% 32.37% 31.32% 30.67%
No. of Shareholders 58,87666,93772,12788,94998,96092,42886,65677,99873,77974,10978,6321,02,531

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls