Time Technoplast Limited (TIMETECHNO)

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Time Technoplast Limited (TIMETECHNO) · mywealthgrid

About

Makes industrial plastic products for manufacturing and packaging. Quarterly standalone revenue ₹700-900 Cr. Market cap ₹9,539.81 Cr, ROE 13.43%.

Face value: ₹1

Market cap

₹8,869 Cr

P/E

18.1×

P/B

2.2×

Dividend yield

0.8%

ROE

13.4%

ROCE

18.2%

Debt / equity

0.16

OPM

14.6%

EPS (TTM)

₹9.9

Book value

₹82.8

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatile: OPM swung 11.93% (Mar) to 15.34% (Dec) in 4 quarters. Verify cost and pricing drivers.
Margin compressed Jun: revenue ₹866.83 Cr up from Mar's ₹808.59 Cr, but net profit fell to ₹56.17 Cr from ₹64.01 Cr. Verify if ongoing.
Stock down 14% in 1y despite dividend and bonus. Verify if market doubts growth or execution.
FII reduced position from 10.88% (Mar) to 8.53% (Jun). Verify reasoning.

Generated analysis · source review pending

Growth drivers

Revenue grew last 2 quarters (Mar ₹808.59 Cr → Jun ₹866.83 Cr, +7%). Verify if sustained or seasonal; margin pressure reverses or persists.
Balance sheet strength (D/E 0.16) enables growth capex or acquisitions. Verify if management has signaled expansion plans.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹179.7-2.3%1Y

Quick read

rule-based

Pros

+Profit CAGR of 35.3% over the last 5 years
+Revenue CAGR of 15.2% over the last 5 years

Cons

−Promoter holding fell 4.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

69/100

Business quality: 52
Growth: 81
Valuation: 76

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,103	3,564	3,578	3,005	3,650	4,289	4,993	5,457	6,105
COGS	2,153	—	2,504	2,103	2,577	3,102	3,598	3,886	4,357
Gross profit	950	—	1,074	902	1,073	1,188	1,394	1,571	1,748
	482	—	575	515	567	611	703	786	856
	468	—	499	387	506	577	691	785	892
OPM %	15.1%	—	13.9%	12.9%	13.9%	13.5%	13.8%	14.4%	14.6%
Depreciation	137	—	156	151	157	171	173	170	183
Interest	88	—	108	98	92	105	101	92	80
	2	—	2	4	3	4	14	5	9
Profit before tax	246	282	237	142	259	305	431	529	638
Tax	65	73	62	36	67	81	115	135	162
Tax %	26.5%	26%	26.1%	25.6%	25.9%	26.6%	26.7%	25.4%	25.3%
	180	209	175	106	192	224	316	394	477
PAT margin %	5.8%	5.9%	4.9%	3.5%	5.3%	5.2%	6.3%	7.2%	7.8%
EPS (₹)	8	—	7.5	4.6	8.3	9.7	13.7	17.1	10
EPS adjusted (₹)	—	—	3.7	2.3	4.2	4.8	6.8	8.6	9.5
	10%	—	12.7%	15.3%	12%	12.9%	14.6%	14.6%	15%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	23	23	23	23	23	23	49
Reserves	1,792	1,880	2,050	2,247	2,530	2,869	4,039
Minority interest	52	48	53	58	64	70	78
	762	810	825	810	745	647	639
	735	544	653	692	753	790	833
Total equity & liabilities	3,364	3,304	3,604	3,829	4,114	4,399	5,639
	1,286	1,281	1,314	1,383	1,368	1,373	1,435
CWIP	81	40	70	68	41	79	230
Investments	—	0	0	0	2	3	6
	1,998	1,983	2,221	2,379	2,703	2,943	3,968
Total assets	3,364	3,304	3,604	3,829	4,114	4,399	5,639

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Polymer Products	3,819.17	414.32	4,374.46	439.04	3,935.42	10.53
Composite Products	2,286.03	294.49

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	30%	30%	29.4%	27.7%	27.9%	28.8%	28.6%
EBITDA margin %	—	13.9%	12.9%	13.9%	13.5%	13.8%	14.4%	14.6%
EBIT margin %	—	9.6%	7.9%	9.5%	9.5%	10.4%	11.3%	11.6%
PAT margin %	5.9%	4.9%	3.5%	5.3%	5.2%	6.3%	7.2%	7.8%
Working capital
Receivable days	—	84	97	87	80	79	78	87
Inventory days	—	110	132	129	117	107	108	111
Payable days	—	—	56	55	48	45	42	37
NWC days	—	—	173	161	150	141	143	161
Leverage
Current ratio	—	—	1.98	2.02	2.15	2.25	2.63	3.51
Debt to EBITDA	—	1.53	2.09	1.63	1.4	1.08	0.82	0.72
Debt to equity	—	0.42	0.43	0.4	0.36	0.29	0.22	0.16
Interest coverage	—	3.2	2.5	3.8	3.9	5.2	6.8	9
Asset turnover	—	1.06	0.91	1.01	1.12	1.21	1.24	1.08
Return ratios
Return on assets %	—	5.2%	3.2%	5.3%	5.8%	7.7%	9%	8.5%
Return on capital employed %	—	—	10.2%	14.3%	15.5%	18.6%	19.7%	18.2%
Return on equity %	—	9.6%	5.6%	9.3%	9.9%	12.4%	13.6%	11.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.69%	51.51%	51.56%	51.56%	51.56%	51.56%	51.62%	51.62%	51.62%	47.51%	47.56%	47.56%
	5.96%	5.7%	6.18%	6.79%	6.69%	7.64%	8.07%	8.29%	8.42%	11.66%	10.88%	8.53%
	9.95%	10.43%	10.93%	10.97%	12.87%	13.2%	12.99%	12.92%	13.19%	16.7%	17.37%	17.57%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.4%	32.36%	31.33%	30.68%	28.88%	27.6%	27.32%	27.17%	26.77%	24.13%	24.19%	26.34%
No. of shareholders	—	—	—	—	—	—	—	—	1,44,320	1,49,655	1,36,962	1,40,298

Promoter holding down 4.13 percentage points since Sep 2023.

46 deals · 19 Apr 2022 – 14 Aug 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	13,75,829	₹373.73	₹51.42 Cr
14 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	13,75,829	₹373.69	₹51.41 Cr
21 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	14,19,015	₹336.16	₹47.70 Cr
21 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	14,19,015	₹335.87	₹47.66 Cr
14 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	11,76,366	₹212.84	₹25.04 Cr
14 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	11,76,366	₹212.82	₹25.04 Cr
13 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	13,40,334	₹191.04	₹25.61 Cr
13 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	13,40,334	₹190.81	₹25.57 Cr
11 Jul 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	22,56,376	₹135.57	₹30.59 Cr
11 Jul 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	21,71,901	₹135.83	₹29.50 Cr

1–10 of 46

1 / 5

Mr. Sanjaya KulkarniNon-Executive - Non Independent Director-Chairperson
Mr. Bharat Kumar VageriaExecutive Director-MD
Mr. Raghupathy ThyagarajanExecutive Director
Mr. Naveen Kumar JainExecutive Director
Mr. Sanjeev SharmaExecutive Director
Mr. Praveen Kumar AgarwalNon-Executive - Independent Director
Ms. Triveni MakhijaniNon-Executive - Independent Director
Mr. Pradip Kumar DasNon-Executive - Independent Director
Mr. Deepak BakhshiNon-Executive - Independent Director
Mr. Vishal Anil JainNon-Executive - Non Independent Director
Mr. M. K. WadhwaNon-Executive - Non Independent Director

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 6 fund houses

Held by these funds

5.47%

of the company's equity

All mutual funds

13.49%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

8 schemes · 6 fund houses

		Shares
SMALL CAP FUND	Tata Mutual Fund	1.42 Cr	265.87	2.03%	2.877%	-0
Small Cap Fund	Axis Mutual Fund	79.55 L	148.91	0.47%	1.612%	-0
VALUE FUND	Tata Mutual Fund	30 L	56.16	0.65%	0.608%	-0
Small Cap Fund	Bajaj Finserv Mutual Fund	8.06 L	15.08	0.57%	0.163%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	6.75 L	12.63	0.51%	0.137%	-14,770
Portfolio of Kotak Rural Opportunities Fund	Kotak Mahindra Mutual Fund	3.75 L	7.02	0.93%	0.076%	+25,000
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	4,618	0.09	0.02%	0.001%	+22
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	761	0.01	0.02%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

168 announcementsExport CSV

30 Sept 2026, 1:09 pmInsider Trading / SAST

Closure of Trading Window

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	30%	30%	29.4%	27.7%	27.9%	28.8%	28.6%
EBITDA margin %	—	13.9%	12.9%	13.9%	13.5%	13.8%	14.4%	14.6%
EBIT margin %	—	9.6%	7.9%	9.5%	9.5%	10.4%	11.3%	11.6%
PAT margin %	5.9%	4.9%	3.5%	5.3%	5.2%	6.3%	7.2%	7.8%
Working capital
Receivable days	—	84	97	87	80	79	78	87
Inventory days	—	110	132	129	117	107	108	111
Payable days	—	—	56	55	48	45	42	37
NWC days	—	—	173	161	150	141	143	161
Leverage
Current ratio	—	—	1.98	2.02	2.15	2.25	2.63	3.51
Debt to EBITDA	—	1.53	2.09	1.63	1.4	1.08	0.82	0.72
Debt to equity	—	0.42	0.43	0.4	0.36	0.29	0.22	0.16
Interest coverage	—	3.2	2.5	3.8	3.9	5.2	6.8	9
Asset turnover	—	1.06	0.91	1.01	1.12	1.21	1.24	1.08
Return ratios
Return on assets %	—	5.2%	3.2%	5.3%	5.8%	7.7%	9%	8.5%
Return on capital employed %	—	—	10.2%	14.3%	15.5%	18.6%	19.7%	18.2%
Return on equity %	—	9.6%	5.6%	9.3%	9.9%	12.4%	13.6%	11.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

Date	Category	Subject	Filing
30 Sept 2026, 1:09 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 8:49 pm	Company Update Scheme of Arrangement	Announcement under Regulation 30 (LODR)-Scheme of Arrangement	PDF
29 Sept 2026, 8:46 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome For Scheme Of Amalgamation (Merger By Absorption) Of TPL Plastech Limited With Time Technoplast Limited	PDF
28 Sept 2026, 6:23 pm	Company Update Cessation	Announcement under Regulation 30 (LODR)-Cessation	PDF
22 Sept 2026, 8:24 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
22 Sept 2026, 7:18 pm	Company Update General	Chairman'S Speech Delivered At The 36Th Annual General Meeting Of The Company	PDF
17 Sept 2026, 7:09 pm	Company Update General	Completion Of Greenfield Manufacturing Plant At Bhilad, Gujarat (India) And Commencement Of Production	PDF
16 Sept 2026, 6:27 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	301	257	291	370	406	431	233
	-138	-102	-179	-216	-187	-147	-446
	-148	-151	-104	-154	-197	-249	624
Net cash flow	16	4	8	1	22	35	411
Free cash flow	164	155	104	146	225	235	-220
CFO / Operating profit %	60.4%	66.4%	57.5%	64.2%	58.8%	54.9%	26.1%

Time Technoplast Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

19

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Composite Products · revenue

Time Technoplast Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Dividends19

Board meetings1

Bonus issues1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Composite Products · revenue

19

1

1