Time Technoplast
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Time Technoplast's recent management commentary highlights a robust outlook driven by strategic capacity expansions and a focus on high-margin composite products, particularly in the hydrogen and medical sectors. The company's disciplined pricing model and operational efficiencies through automation are expected to support stable revenue growth and margins, aligning with Vista's forecast of 15-20% revenue growth and 20-25% PAT growth over the next 12-24 months. Despite facing challenges from raw material price volatility and geopolitical risks, the strong order book and commitment to debt reduction position Time Technoplast favorably in a competitive market. The packaging industry is experiencing positive demand trends, bolstered by a shift towards sustainable solutions, which further supports the company's growth trajectory. However, investors should remain vigilant regarding competitive pressures and regulatory challenges that could impact pricing power and margins. Key opportunities include the expansion of the composite cylinder business and the adoption of green energy solutions, while headwinds may arise from fluctuating raw material costs and geopolitical uncertainties
Why We Like This Stock
- Strong volume growth targets of 13-15% supported by a robust order book
- Focus on high-margin composite products and automation to enhance operational efficiency
- Strategic capacity expansions and entry into emerging markets like hydrogen and medical sectors
Things To Watch Out For
- Geopolitical risks and raw material price volatility could impact margins
- Intense competitive pressure may constrain pricing power
- Regulatory challenges related to environmental standards could affect operational flexibility
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 4,992 | 5,457 | 6,105 | 6,815 | 7,584 |
| Profit Before Tax (Cr.) | 420 | 528 | 638 | 691 | 787 |
| PBT Margin | 8.4% | 9.7% | 10.5% | 10.1% | 10.4% |
| Net Profit (Cr.) | 308 | 393 | 477 | 518 | 580 |
| Earnings Per Share | 6.1 | 7.8 | 9.5 | 10.3 | 11.8 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Motilal Oswal | ▲ Buy | 280 | 25-Sep-2026 |
Company Overview
Show Company Profile
Time Technoplast Limited manufactures and sells composite and polymer products in India. It operates thorugh two segments, Polymer and Composite. The company offers industrial packaging products, including drums, containers, jerry cans, pails, and PET sheets under TECHPACK brand; infrastructure solutions, such as high-density polyethylene (HDPE) pipes under Max'M brand, as well as DWC pipes; and energy storage devices. It also provides lifestyle products, which include duro mats, moulded furniture, and dumpo bins. In addition, the company offers auto components, such as spray suppression systems under 3S Rainflaps brand; deaeration/radiator tanks under Tech DAT brand; fuel tanks under TechTank brand name; and air ducts. Further, the company provides composite cylinders, comprising LPG and CNG cylinders, and cylinders for hydrogen and oxygen/SCBA; MOX films which include cross laminated films, bags, and raincoats under Techpaulin brand; and intermediate bulk containers under GNX brand. Additionally, it offers material handling products comprising crates and pallets. The company serves specialty chemicals, FMCG, construction chemicals, paints, pharmaceuticals, and food products; household, industrial, automotive, medical, and defence customers; agriculture and textile; irrigation; and hotel, hospital, and municipal corporation markets. Time Technoplast Limited was incorporated in 1989 and is headquartered in Mumbai, India.