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Time Technoplast Ltd. Stock Analysis

Small Cap
Evaluated by 1466 users | BSE: 532856 | NSE: TIMETECHNO |
Plastic Products
Time Technoplast was incorporated in 1989; is engaged in manufacturing a range of manufacturing polymer packaging products. The company manufactures a range of products such as Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Time Technoplast Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 12.95%10.54%10.16%10.05%8.92%8.54%8.41%8.37%8.59%6.8%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8229211,0671,2181,3431,3671,5961,8082,1172,141
Y-o-Y Gr. Rt.-12%15.8%14.2%10.3%1.8%16.8%13.3%17.1%1.2%
Adjusted EPS (Rs.) 4.293.53.493.793.333.574.1955.584.32
Y-o-Y Gr. Rt.--18.4%-0.3%8.6%-12.1%7.2%17.4%19.3%11.6%-22.6%
Book Value per Share (Rs.) 27.1630.1833.3836.639.2643.9951.1255.3559.9863.22
Adjusted Net Profit 89.873.673.479.7707594.811312697.7
Net Op. Cash Flow (Rs. Cr.) 9511693.899.314410072235210162
Debt to Cash Flow from Ops 3.873.584.995.083.45.337.942.683.184.41
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Time Technoplast Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.2%9.8%10.3%1.2%
Adjusted EPS 0.1%5.3%1%-22.6%
Book Value per Share 9.8107.35.4
Share Price -1.1% -4.6% -38.8% -12.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 17.0112.2410.9810.848.798.579.129.399.666.99
Operating Profit Margin (%) 20.6618.6818.1915.0415.0215.4615.5216.0915.1413.62
Net Profit Margin (%) 10.927.996.886.545.215.495.946.255.964.56
Debt to Equity 0.650.660.670.660.590.580.490.50.490.5
Working Capital Days 171178177180179195196187173183
Cash Conversion Cycle 81837678808994908499
Entity Percentage Holding
Promoters 51.33%
Institutions 26.00%
Non-Institutions 22.67%
Pledged *13.0313.3516.7216.7216.7216.7221.0334.7634.7634.76
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Time Technoplast Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Time Technoplast Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Time Technoplast Ltd.'s performance infers:

Time Technoplast Ltd. earnings have grown by 5.3%, whereas share price has depreciated -4.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Time Technoplast Ltd. share prices over the last 10 years. Here is what we found out:

Time Technoplast Ltd. share price has depreciated -3.3% annually over the past ten years.

Time Technoplast was incorporated in 1989; is engaged in manufacturing a range of manufacturing polymer packaging products. The company manufactures a range of products such as Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products.

In 1992, the company started as a small scale industry with manufacturing plant located at Tarapur in Maharastra. Immediately in the next year, it formed

Time Technoplast was incorporated in 1989; is engaged in manufacturing a range of manufacturing polymer packaging products. The company manufactures a range of products such as Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products.

In 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). In 1998, the company launched lifestyle products such as synthetic turf and matting and marketed under the brand ‘Meadowz’ and Duro Turf. In 1999 under lifestyle product company launched garden furniture under the brand ‘Regal’.

During 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’.

In 2004, it formed a joint venture with Mauser to manufacture intermediate bulk containers (IBCs). The company set up 100% subsidiary in UAE. In 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.

In 2009
Set up additional manufacturing facility (packaging) in Eastern India (Amta, West Bengal)
Acquired competing business in Thailand, YPA (Thailand) Ltd. - Industrial Packaging
Implemented Prefab and Shelters project at Silvassa

2010
Acquired composite gas cylinder business in Czech Republic, Komposite-Praha, advanced production facility in Pilsen
Setting up Greenfield packaging project in Tianjin (North China), Guangzhou (South China)
Commenced manufacturing facility at Gummidipundi (Tamil Nadu) and Ahmedabad (Gujarat) - Industrial Packaging
Commenced project for Industrial Packaging at Attaka (Egypt)

2011
Commenced manufacturing facility at Attaka (Egypt) - Industrial Packaging
Started Industrial Packaging units in Pantnagar and Jammu, India
Completed a Greenfield Industrial Packaging project ( Drums, Jerry Cans, IBCs, Pallets & Accessories) in Tianjin (North China)
Implemented a pilot project for Composite Gas Cylinders in India

2012
Commenced IBC manufacturing facility at Guangzhou (South China) - A Joint Venture
Commenced GNX IBCs manufacturing unit in Daman, India
Setting up a new manufacturing facility for Industrial Packaging at Panoli (Gujarat, India)

Products

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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