Time Technoplast Ltd
NSE:TIMETECHNO
Time Technoplast Ltd
Time Technoplast Ltd., a company rooted in innovative solutions, holds a prominent position in the plastic products industry. Founded in Mumbai, it has grown into a multinational conglomerate with a presence in more than 30 countries. Initially starting with small-scale industrial packaging, it expanded its repertoire to a diverse range of polymer-based products. At its core, Time Technoplast specializes in producing industrial packaging solutions such as drums and containers, lifestyle products like mats and garden furniture, automotive components, medical products, and infrastructure solutions such as pipes and composite cylinders. These offerings reflect the company’s strategic alignment with both industrial and consumer markets, providing solutions that cater to a wide array of needs across different sectors.
The company’s business model thrives on innovation and strategic expansion, reinforced by its continuous investment in research and development. This dedication enables it to align with global standards, enhancing product quality and introducing eco-friendly alternatives. By leveraging economies of scale and its extensive distribution network, Time Technoplast effectively capitalizes on its diverse product portfolio. Its substantial revenue emanates from industrial clients, with a significant portion derived from long-term contracts in key industries such as chemicals, pharmaceuticals, and oil & gas. By adopting a customer-centric approach and maintaining a robust logistic framework, Time Technoplast ensures seamless operations and steady growth, anchoring its position as a leading player in the polymer industry.
Time Technoplast Ltd., a company rooted in innovative solutions, holds a prominent position in the plastic products industry. Founded in Mumbai, it has grown into a multinational conglomerate with a presence in more than 30 countries. Initially starting with small-scale industrial packaging, it expanded its repertoire to a diverse range of polymer-based products. At its core, Time Technoplast specializes in producing industrial packaging solutions such as drums and containers, lifestyle products like mats and garden furniture, automotive components, medical products, and infrastructure solutions such as pipes and composite cylinders. These offerings reflect the company’s strategic alignment with both industrial and consumer markets, providing solutions that cater to a wide array of needs across different sectors.
The company’s business model thrives on innovation and strategic expansion, reinforced by its continuous investment in research and development. This dedication enables it to align with global standards, enhancing product quality and introducing eco-friendly alternatives. By leveraging economies of scale and its extensive distribution network, Time Technoplast effectively capitalizes on its diverse product portfolio. Its substantial revenue emanates from industrial clients, with a significant portion derived from long-term contracts in key industries such as chemicals, pharmaceuticals, and oil & gas. By adopting a customer-centric approach and maintaining a robust logistic framework, Time Technoplast ensures seamless operations and steady growth, anchoring its position as a leading player in the polymer industry.
Strong Growth: Revenue grew 13% and PAT rose 25% year-over-year in Q3; nine-month revenue increased 11% and PAT by 21%.
Margin Expansion: Value-added products, including composites, now comprise 30% of sales (up from 27%), with higher margins of 17–18% versus 12–13.5% for standard products.
Debt Reduction: Total debt fell sharply from INR 647 crores to INR 266 crores in 9 months; management expects to be debt-free within 6 months.
Capital and CapEx: INR 800 crores raised via QIP, with INR 340 crores spent and INR 460 crores remaining for automation, expansion, and recycling initiatives.
Efficiency Initiatives: Cost savings targeted through consolidation, automation, and increased use of solar power, with anticipated annual power cost savings of INR 10 crores from next year.
Sustainability & Innovation: Commercialization of new composite products (fire extinguishers, CNG/hydrogen/oxygen cylinders), and a new recycling subsidiary set to be operational from April 2026.
Guidance & Outlook: Management targets over 15% consolidated growth, ROCE of 20% (already at 18.6%), and further margin expansion led by composites and cost reduction.
