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Swing Capital

Time Technoplast Ltd

NSE: TIMETECHNO BSE: 532856

Time Technoplast is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products.(Source : 202003-01 Annual Report Page No:74)

₹174
52W: ₹154 — ₹249
PE 42.2 · Book ₹39.4 · +342% vs book
Market Cap₹8,602 Cr
Stock P/E42.2Price to Earnings
ROCE11.5%Return on Capital
ROE9.49%Return on Equity
Div. Yield0.71%Face Value ₹1

Strengths

  • +Company has been maintaining a healthy dividend payout of 28.8%

Weaknesses

  • −Stock is trading at 4.29 times its book value
  • −The company has delivered a poor sales growth of 4.46% over past five years.
  • −Company has a low return on equity of 8.52% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -3.90%

Shareholding Pattern

Promoters47.57%
FIIs10.88%
DIIs17.37%
Public24.18%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.56%51.56%51.56%51.62%▲0.151.62%51.62%47.51%▼4.147.57%▲0.1
FIIs6.78%6.69%▼0.17.65%▲1.08.07%▲0.48.29%▲0.28.41%▲0.111.66%▲3.310.88%▼0.8
DIIs10.97%12.87%▲1.913.2%▲0.312.99%▼0.212.92%▼0.113.18%▲0.316.7%▲3.517.37%▲0.7
Public30.67%28.88%▼1.827.6%▼1.327.32%▼0.327.16%▼0.226.79%▼0.424.13%▼2.724.18%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales624677788625715610712642740690
Expenses537577685535614521604545635584
Operating Profit87100103911018910898105106
OPM %14%15%13%14%14%15%15%15%14%15%
Net Profit35455538493850455851
EPS ₹0.770.991.20.831.070.841.10.991.281.03

AI Insights

Revenue Trend

TTM revenue at ₹2,784Cr, up 4.5% YoY. OPM at 15%.

Debt Position

Borrowings at ₹602Cr. Debt-to-equity ratio: 0.32x. Healthy balance sheet.

Capex Cycle

CWIP at ₹54Cr (5% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 17.37% (+11.16pp change). FIIs: 10.88% (+4.00pp change). Promoters hold 47.57%.

Margin & Efficiency

ROCE declining from 13% (Mar 2014) to 12% (Mar 2025). Working capital days: 113.

Valuation

PE 42.2x with 11.5% ROCE. Price is 342% above book value of ₹39.4. Dividend yield: 0.71%.

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