Is Time Technoplast a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Time Technoplast Ltd is a average quality company .

Is Time Technoplast undervalued or overvalued?

The key valuation ratios of Time Technoplast Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Time Technoplast share price return in the past 10 years?

Time Technoplast Ltd share price has appreciated 24.6% annually (CAGR) over the past ten years.

Is Time Technoplast a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Time Technoplast Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Time Technoplast Ltd - Stock Valuation and Financial Performance

Name: Time Technoplast
Brand: Time Technoplast

BSE: 532856 | NSE: TIMETECHNO | Plastic Products | Small Cap

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Time Technoplast Share Price

₹484.80 -6.55 -1.33%
as on 18-Dec'24 16:59

10 Year X-Ray of Time Technoplast:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.3%	13.8%	11.5%	11.5%	11.9%	9.5%	5.8%	8.4%	8.8%	11.2%	-
Value Creation Index ⓘ	-0.1	0.0	-0.2	-0.2	-0.2	-0.3	-0.6	-0.4	-0.4	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,343	1,367	1,596	1,808	2,117	2,141	1,725	2,031	2,243	2,633	2,805
Sales YoY Gr.	-	1.8%	16.8%	13.3%	17.1%	1.2%	-19.4%	17.7%	10.4%	17.4%	-
Adj EPS ⓘ	3.3	3.6	4.2	5	5.6	4.3	2.3	4.4	4.9	6.7	8.2
YoY Gr.	-	7.2%	17.4%	19.3%	11.6%	-22.6%	-47.7%	93.4%	12.4%	36.5%	-
BVPS (₹) ⓘ	39.3	44	51.1	55.4	60	63.2	64.6	68.2	72.1	77.9	79.7
Adj Net Profit ⓘ	70	75	94.8	113	126	97.7	51.1	98.9	111	152	186
Cash Flow from Ops. ⓘ	144	100	72	235	210	162	160	171	227	242	-
Debt/CF from Ops. ⓘ	3.4	5.3	7.9	2.7	3.2	4.4	4.3	4.3	3.3	2.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.8%	4.5%	15.1%	17.4%
Adj EPS ⓘ	8.1%	3.7%	43.7%	36.5%
BVPSⓘ	7.9%	5.4%	6.5%	8%
Share Price	24.6%	55.5%	87.8%	166.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.8	8.6	9.1	9.4	9.7	7	3.5	6.6	7	8.9	10.4
Op. Profit Mgn % ⓘ	15	15.5	15.5	16.1	15.1	13.6	12.6	13.8	13.8	13.9	14.1
Net Profit Mgn % ⓘ	5.2	5.5	5.9	6.3	6	4.6	3	4.9	5	5.8	6.6
Debt to Equity ⓘ	0.6	0.6	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.4	0.1
Working Cap Days ⓘ	179	195	196	187	173	213	270	249	246	218	99
Cash Conv. Cycle ⓘ	80	89	94	90	84	122	165	138	129	122	47

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.40%

Sales growth is growing at healthy rate in last 3 years 15.13%

Net Profit is growing at healthy rate in last 3 years 43.66%

Sales growth is good in last 4 quarters at 16.76%

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Latest Financials - Time Technoplast Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.2	15.9
TTM Sales (₹ Cr.)	2,805	5,320
BVPS (₹.) ⓘ	79.7	118.1
Reserves (₹ Cr.) ⓘ	1,831	2,657
P/BV ⓘ	6.08	4.10
PE ⓘ	59.26	30.42

From the Market
52 Week Low / High (₹)	161.90 / 513.35
All Time Low / High (₹)	19.10 / 513.35
Market Cap (₹ Cr.)	11,002
Equity (₹ Cr.)	22.7
Face Value (₹)	1
Industry PE ⓘ	43

Management X-Ray of Time Technoplast:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

8.18

7.83

5.42

5.41

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Time Technoplast

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Time Technoplast

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,343	1,367	1,596	1,808	2,117	2,141	1,725	2,031	2,243	2,633
Operating Expenses ⓘ	1,141	1,156	1,348	1,517	1,796	1,849	1,509	1,751	1,934	2,266
Manufacturing Costs	59	60	71	82	95	103	86	103	108	132
Material Costs	936	984	1,144	1,289	1,525	1,563	1,259	1,453	1,619	1,904
Employee Cost	49	53	63	72	82	90	86	93	103	121
Other Costs ⓘ	97	59	70	74	94	94	78	102	104	109
Operating Profit ⓘ	202	211	248	291	320	292	217	280	309	367
Operating Profit Margin (%)	15.0%	15.5%	15.5%	16.1%	15.1%	13.6%	12.5%	13.8%	13.8%	13.9%
Other Income ⓘ	1	2	2	2	2	2	2	3	2	14
Interest ⓘ	65	62	56	54	60	63	56	53	56	58
Depreciation ⓘ	44	55	66	85	90	95	93	97	106	108
Exceptional Items ⓘ	0	34	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	94	130	127	154	173	135	69	133	149	215
Tax ⓘ	24	31	32	40	47	38	18	34	38	55
Profit After Tax	70	99	95	113	126	98	51	99	111	159
PAT Margin (%)	5.2%	7.2%	5.9%	6.3%	6.0%	4.6%	3.0%	4.9%	5.0%	6.1%
Adjusted EPS (₹)	3.3	4.7	4.2	5.0	5.6	4.3	2.3	4.4	4.9	7.0
Dividend Payout Ratio (%)	15%	12%	15%	16%	16%	22%	31%	23%	25%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	825	924	1,156	1,252	1,356	1,430	1,460	1,543	1,631	1,768
Share Capital ⓘ	21	21	23	23	23	23	23	23	23	23
Reserves ⓘ	804	903	1,133	1,229	1,334	1,407	1,438	1,520	1,609	1,745
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	416	452	505	557	593	664	579	616	682	648
Long Term Debt	172	166	226	246	253	284	210	216	214	160
Short Term Debt	243	286	278	310	340	381	369	400	468	488
Trade Payables	156	188	193	255	264	222	190	320	291	295
Others Liabilities ⓘ	164	171	166	178	208	223	269	288	248	264
Total Liabilities ⓘ	1,561	1,736	2,020	2,241	2,421	2,540	2,498	2,766	2,853	2,974
Fixed Assets
Gross Block	930	1,032	1,198	1,401	1,578	1,741	1,771	1,905	2,078	2,088
Accumulated Depreciation	324	378	444	529	619	714	795	892	998	1,061
Net Fixed Assetsⓘ	607	654	754	872	960	1,028	976	1,013	1,080	1,027
CWIP ⓘ	29	48	60	57	49	41	25	37	37	39
Investmentsⓘ	150	135	151	160	160	160	165	165	165	166
Inventories	258	286	346	397	441	451	441	498	505	558
Trade Receivables	285	347	418	471	519	564	554	610	656	704
Cash Equivalents	25	24	20	33	33	33	25	22	28	35
Others Assetsⓘ	206	241	272	252	259	262	311	422	382	445
Total Assets ⓘ	1,561	1,736	2,020	2,241	2,421	2,540	2,498	2,766	2,853	2,974

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	144	100	72	235	210	162	160	171	227	242
PBT ⓘ	94	96	127	154	173	135	69	133	149	215
Adjustment ⓘ	108	116	121	137	151	158	147	146	158	149
Changes in Working Capital ⓘ	-44	-89	-144	-26	-82	-95	-38	-79	-48	-81
Tax Paid ⓘ	-14	-22	-32	-30	-32	-36	-18	-30	-33	-41
Cash Flow From Investing Activity ⓘ	-61	-72	-191	-207	-167	-116	-67	-132	-166	-112
Capex	-62	-121	-177	-200	-170	-118	-62	-138	-162	-108
Net Investments	0	49	-16	-9	0	0	-7	4	-6	-7
Others ⓘ	1	1	1	2	2	2	2	2	2	4
Cash Flow From Financing Activityⓘ	-89	-31	115	-14	-42	-45	-104	-38	-61	-128
Net Proceeds from Shares ⓘ	0	0	148	0	0	0	0	0	0	10
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	-73	5	-2	-54
Interest Paid ⓘ	-65	-62	-56	-54	-60	-63	-56	-53	-56	-58
Dividend Paid ⓘ	-9	-12	-14	-15	-18	-20	-21	-16	-23	-28
Others ⓘ	-15	44	37	55	35	38	47	25	20	2
Net Cash Flow ⓘ	-6	-2	-4	13	1	0	-10	0	0	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.79	11.32	9.12	9.41	9.68	7.02	3.55	6.61	7.01	9.38
ROCE (%)	12.28	13.84	11.48	11.52	11.89	9.52	5.84	8.4	8.83	11.24
Asset Turnover Ratio	0.97	0.92	0.95	0.99	1.06	0.86	0.69	0.77	0.8	0.9
PAT to CFO Conversion(x)	2.06	1.01	0.76	2.08	1.67	1.65	3.14	1.73	2.05	1.52
Working Capital Days
Receivable Days	68	76	79	77	73	92	118	105	103	94
Inventory Days	60	65	65	64	62	76	94	84	82	74
Payable Days	61	64	61	64	62	57	60	64	69	56

Time Technoplast Ltd Stock News

Time Technoplast Ltd FAQs

What is the share price of Time Technoplast?

Company share prices are keep on changing according to the market conditions. The closing price of Time Technoplast on 18-Dec-2024 16:59 is ₹484.8.

What is the market cap of Time Technoplast?

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 18-Dec-2024 16:59 the market cap of Time Technoplast stood at ₹11,001.5.

What is the P/E ratio of Time Technoplast?

The latest P/E ratio of Time Technoplast as of 18-Dec-2024 16:59 is 59.26.

What is the P/B ratio of Time Technoplast?

The latest P/B ratio of Time Technoplast as of 18-Dec-2024 16:59 is 6.08.

What is the 52-week high and low of Time Technoplast?

The 52-week high of Time Technoplast is ₹513.4 and the 52-week low is ₹161.9.

What is the TTM revenue of Time Technoplast?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Time Technoplast is ₹2,805 ( Cr.) .

About Time Technoplast Ltd

Time Technoplast Ltd (Time Tech) is a multinational conglomerate with operations in Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E, Taiwan, Thailand, Vietnam, Saudi Arabia & USA is a leading manufacturer of polymer products. The company’s portfolio consists of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure / Construction related products, Material Handling Solutions & Composite Cylinders. Since its inception in 1992, Time Tech has set itself apart from its competition by focusing on research and development, futuristic product designing, superior customer service by setting up several manufacturing units & many regional and marketing offices to meet the growing demand of Indian customers & further to fill the need gap for global customers. Time Tech is promoted by qualified professionals with decades of experience who believe in working hard for the company, its customers, its suppliers, its employees and its shareholders.

Business area of the company

Time Technoplast is engaged in manufacturing plastics products. The Company's segments include Polymer Products and Composite Products. It offers industrial packaging products, infrastructure products, technical products, material handling products and composite cylinders.

Products of the company

Industrial Packaging- Under this space, company manufactures drums and containers, PET sheets, conipack pails and buckets.
Automotive Ancillaries- Company manufactures range of automotive ancillary products such as 3S rain flaps, deaeration tanks / radiator tanks, fuel tanks, air ducts and dash board.
Lifestyles products- Under this company manufacture matting products and furniture.
Health Care products- Under this the company manufactures products such as Reuse Prevention Syringes, Blood Samplers and Disposable Face Masks. It also manufactures ranges of fencing nets.

Milestone

1992: the company started as a small scale industry with manufacturing plant located at Tarapur in Maharastra. Immediately in the next year, it formed a technical collaboration Mauser Group.
During 1994-96: TTL set manufacturing facilities at Damna, Hosur (Tamil Nadu) and Baddi (Himachal Pradesh).
1998: the company launched lifestyle products such as synthetic turf and matting and marketed under the brand ‘Meadowz’ and Duro Turf.
1999-2002: under lifestyle product company launched garden furniture under the brand ‘Regal’.
1999-2002: TTL set up an additional units as well as it expanded the existing ones. The company built additional unit at Daman, added new facilities for garden furniture, set up additional plant for PET sheet in Daman and increased production capacity of large size drums at Daman. Company also started production of plastic pails under the brand ‘Conipails’.
2004: it formed a joint venture with Mauser to manufacture intermediate bulk containers (IBCs). The company set up 100% subsidiary in UAE.
2006: the company also established 100 subsidiary in Poland. In the same year it amalgamated OMPL and SPPl with TTL, Acquired 75% stake in TPL Plastech and set up a Steel Drum project in Mharashtra under the name Time Mauser Industries.
2009: set up additional manufacturing facility (packaging) in Eastern India (Amta, West Bengal).
2009: Acquired competing business in Thailand, YPA (Thailand) Ltd. - Industrial Packaging.
2009: Implemented Prefab and Shelters project at Silvassa.
2010: Acquired composite gas cylinder business in Czech Republic, Komposite-Praha, advanced production facility in Pilsen.
2010: Setting up Greenfield packaging project in Tianjin (North China), Guangzhou (South China).
2010: Commenced manufacturing facility at Gummidipundi (Tamil Nadu) and Ahmedabad (Gujarat) - Industrial Packaging.
2010: Commenced project for Industrial Packaging at Attaka (Egypt).
2011: commenced manufacturing facility at Attaka (Egypt) - Industrial Packaging.
2011: Started Industrial Packaging units in Pantnagar and Jammu, India.
2011: Completed a Greenfield Industrial Packaging project (Drums, Jerry Cans, IBCs, Pallets & Accessories) in Tianjin (North China).
2011: Implemented a pilot project for Composite Gas Cylinders in India.
2012: commenced IBC manufacturing facility at Guangzhou (South China) - A Joint Venture.
2012: Commenced GNX IBCs manufacturing unit in Daman, India.
2012: Setting up a new manufacturing facility for Industrial Packaging at Panoli (Gujarat, India).
2016: Started DWC Pipe manufacturing unit at Silvassa.
2017: Started MOX Film manufacturing unit at Panoli. Set up a new manufacturing facility for Steel Drums at Vadodara (Gujarat, India).
2017: Acquired Leading Industrial packaging company in UAE - Elan Incorporated FZE, Sharjah
2018: Green field project for Industrial Packaging products in Malur, India. (IBC, Drums and Jerry cans).
2018: Acquisition in Industrial Packaging Segment - Saudi Arabia.
2018: Started Ducts pipe manufacturing.
2019: Green field project for Industrial Packaging products in USA. (IBC, Drums and Jerry cans ).
2019: Time Tech wins at the prestigious Economic Times Polymer Awards for Excellence in packaging & Excellence in General Category.
2020: Time Technoplast has received approval from Government/Local Authorities in India to resume manufacturing operations of essential products with available manpower.