Time Technoplast launches Composite Cylinders for LPG distribution

Date: 09-10-2013

Time Technoplast has launched India’s first Composite Cylinders for LPG distribution. The company has received the necessary approvals Petroleum and Explosives Safety Organization (PESO) for Composite Cylinders. Further, the company has successfully commenced commercial sale to most reputed private sector LPG distribution Company in Western India.

Time Technoplast has become the first and only local manufacturer of Composite Cylinders for LPG distribution in the country. PSU Oil Companies and other parallel marketers of LPG have evinced huge interest in Composite Cylinders. Company currently has ongoing order for further supplies of Composite Cylinders in India and overseas and is likely to secure additional orders which are in the pipeline.

Time Technoplast is the leading plastic product company based in India and is engaged in manufacture of technology based innovative products in the space of industrial packaging, infrastructure, lifestyle , automobile, healthcare , material handling and composites. It has expanded its operations outside of India in UAE, Bahrain, Thailand, China, Taiwan and Indonesia. The company is also expanding its operations in South Korea, Vietnam, Turkey and Egypt.

Latest Financials

Latest Financials

 - Time Technoplast Ltd.

  Standalone  Consolidated
TTM EPS (Rs) 3.87 4.62
TTM Sales (Rs. Cr.) 1,249 2,267
BVPS (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
37.18 44.45
Reserves (Rs. Cr.)
The term reserve represents a part of shareholders' equity, except for basic share capital. Reserves are created from retained earnings and shareholders' contributions in the form of share premium etc.
760 917
P/BV
Price to Book Value is the ratio of stock's market value to its book value. It gives some idea of whether investors are paying too much for what would be left if the company went bankrupt immediately. To get high returns, it is advisable to invest in a company which satisfies all the criteria set by MoneyWorks4me and which has low price to book value ratio.
1.27 1.07
PE
It is the ratio of market price and earnings per share. It shows what the market is willing to pay for the company’s earnings. To get high returns it is advisable to invest in the company which satisfies all the criteria set by MoneyWorks4me and which has low price to earnings ratio as compared to the industry.
12.24 10.25
From the Market
52 Week High / Low (Rs) 58.25/32.50
Volume Traded 77,023
Market Cap (Rs. Cr.) 995
Equity (Rs. Cr.) 21.01
Face Value (Rs) 1
Industry PE
Industry price to earnings per share tells on an average, what the market is willing to pay for overall earnings in that industry. It can be used as a benchmark price to earnings ratio for the companies in that industry.
20.32
47.35 0.25 (0.53%)
Oct 22, 16:41
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