Time Technoplast Ltd Stock Analysis

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

BSE Share Price 06-Feb-2023 18:01
82.25 1.60 (1.98%)

DeciZen - Make an Informed Decision on Time Technoplast

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Time Technoplast Price Chart

P/E Ratio ( SA) :
18.16
Market Cap :
1,860.1 Cr.
52-wk low :
63.1
52-wk high :
125.9
Bole Toh?

1. Is Time Technoplast Ltd a good quality company?

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

2. Is Time Technoplast Ltd 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 Fair zone.

3. Is Time Technoplast Ltd a good buy now?

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

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

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.2%10.1%8.9%8.5%8.4%8.4%8.6%6.8%4.2%6.1%-
Value Creation Index -0.3-0.3-0.4-0.4-0.4-0.4-0.4-0.5-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0671,2181,3431,3671,5961,8082,1172,1411,7252,0312,143
YoY Gr. Rt. %-14.2%10.3%1.8%16.8%13.3%17.1%1.2%-19.4%17.7%-
Adj EPS 3.53.83.33.64.255.64.32.34.44.5
YoY Gr. Rt. %-8.6%-12.1%7.2%17.4%19.3%11.6%-22.6%-47.7%93.4%-
BVPS (₹) 33.436.639.34451.155.46063.264.668.269.2
Adj Net Profit 73.479.7707594.811312697.751.198.9102
Cash Flow from Ops. 93.899.314410072235210162160171-
Debt/CF from Ops. 55.13.45.37.92.73.24.44.34.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.4%4.9%-1.4%17.7%
Adj EPS 2.5%0.8%-7.8%93.4%
BVPS 8.35.94.45.7
Share Price 5.7% -14.2% 15.5% 3.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1110.88.88.69.19.49.773.56.66.6
Op. Profit Mgn % 18.2151515.515.516.115.113.612.613.813.4
Net Profit Mgn % 6.96.55.25.55.96.364.634.94.8
Debt to Equity 0.70.70.60.60.50.50.50.50.50.50.1
Working Cap Days 177180179195196187173213270249248
Cash Conv. Cycle 7678808994908412216513898

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.60%

Sales growth is good in last 4 quarters at 10.08%

Sales growth has been subdued in last 3 years -1.36%

Net Profit has been subdued in last 3 years -7.82%

Latest Financials - Time Technoplast Ltd.

Standalone Consolidated
TTM EPS (₹) 4.5 9
TTM Sales (₹ Cr.) 2,143 3,949
BVPS (₹.) 69.2 94.8
Reserves (₹ Cr.) 1,543 2,120
P/BV 1.19 0.87
PE 18.16 9.21
From the Market
52 Week Low / High (₹) 63.10 / 125.90
All Time Low / High (₹) 19.10 / 232.60
Market Cap (₹ Cr.) 1,860
Equity (₹ Cr.) 22.6
Face Value (₹) 1
Industry PE 21

Management X-Ray of Time Technoplast :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *34.7623.458.228.188.188.188.188.187.835.42
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Time Technoplast

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Time Technoplast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Time Technoplast on 06-Feb-2023 18:01 is : 82.25.
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 06-Feb-2023 18:01 the market cap of Time Technoplast stood at ₹ 1,860.1.
The latest PE ratio of Time Technoplast as of 06-Feb-2023 18:01 is 18.16.
The latest PB ratio of Time Technoplast as of 06-Feb-2023 18:01 is 1.19
The 52-week high of Time Technoplast is ₹ 125.9 and the 52-week low is ₹ 63.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Time Technoplast is ₹ 2,143 ( 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.
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