TIMETECHNOCapital Goods

Time Technoplast Limited

Plastic Products - Industrial · ISIN INE508G01029 · BSE 532856 · NSE EQ · FV ₹1
Last price
₹175
+0.58%today
What this company does

Time Technoplast Limited operates in Plastic Products - Industrial, part of the Capital Goods sector. It booked ₹1,693 cr of revenue in its latest quarter (Q1 FY27) and kept 6.9% of sales as profit. It is the 5th largest of 9 Plastic Products - Industrial companies we track, by market value.

FOUNDATION AND VISION: Founded in 1992, Time Technoplast Limited (TimeTech) set out to become the leading polymer and composite product company in India. Equity shares of the Company listed (IPO) on NSE & BSE in 2007. Focused on leveraging advanced technology to offer innovative products and services.
In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 16–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns36

How much profit it earns on the money it employs

Balance sheet51

How much it owes, and whether earnings cover the interest

Cash quality55

Whether reported profit actually arrives as cash

Growth & consistency63

Whether sales and profit have grown, and how steadily

Valuation47

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 25% vs last year
Profit up 22% vs last year
Promoters hold 48%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 6.9% net margin

What if I invest in TIMETECHNO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹175 +0.58%
latest close · 2026-09-17
1-year return
+383.8%
52-wk low ₹3252-wk high ₹217
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.6Average
LowAverageHigh
P/B ratio2.11Moderate
Below bookModerateHigh
EV / EBITDA9.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.4%Fair
WeakFairStrong ▸15%
Return on capital15.3%Strong
WeakFairStrong
Net margin6.9%Decent
ThinDecentStrong
EBITDA margin13.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.15Comfortable
LowModerateHigh ▸1
Interest cover10.3×Strong
RiskyOkayStrong ▸5×
Current ratio3.51Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8,615 cr
Book value
₹83
EPS
₹2.35
latest quarter
Net debt
₹102 cr
owes more than its cash
Enterprise value
₹8,717 cr
EBITDA
₹902 cr
annualised
EBIT
₹698 cr
annualised
Operating margin
10.3%
Return on assets
8.2%
Earnings yield
5.39%
P/S
1.27
Sales / share
₹137.2
Tax rate
25.2%
Face value
₹1
Shares
49.4 cr
Working capital
₹2,711 cr
Current assets
₹3,792 cr
Current liabilities
₹1,081 cr
Delivery %
35.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹85 vs market price ₹175 — price is 106% above it
Safety cushion-106.3%(target ≥ +20%)
Models span ₹69₹100, midpoint ₹85
Model ₹85
Price ₹175
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,693 cr
Other Income₹1 cr
Total Income₹1,694 cr
Cost of Materials₹1,249 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹4 cr
Employee Benefit Expense₹78 cr
Finance Costs₹17 cr
Depreciation & Amortisation₹51 cr
Other Expenses₹138 cr
Total Expenses₹1,536 cr
Profit before Tax₹158 cr
Tax Expense₹40 cr
Net Profit₹118 cr
Net margin on total income7.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,253 cr74.0%
Employee benefit expense₹78 cr4.6%
Finance costs₹17 cr1.0%
Depreciation & amortisation₹51 cr3.0%
Other expenses₹138 cr8.1%
Tax expense₹40 cr2.3%
Profit for the period₹118 cr7.0%
Total income ₹1,694 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,565 cr1,677 cr1,693 cr
Total income1,567 cr1,682 cr1,694 cr
Expenses1,396 cr1,500 cr1,536 cr
Profit before tax171 cr181 cr158 cr
Tax42 cr47 cr40 cr
Net profit (owners' share)126 cr132 cr116 cr
Net margin (owners' share, on revenue)8.1%7.9%6.9%
EPS (₹)2.752.672.35
YoY (latest quarter): total income +25.1% · net profit +22.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹5,639 cr
Shareholder equity
₹4,088 cr
parent shareholders
Total debt
₹639 cr
Cash
₹537 cr
Cash flow · H1 FY26
Operating
₹272 cr
Investing
₹-108 cr
Financing
₹-153 cr
Peer comparison
Plastic Products - Industrial · by market value
CompanyPriceMarket capP/E
Supreme Industries Limited₹3,344₹42,491 cr37.8
Astral Limited₹1,399₹37,630 cr78.2
Garware Hi-Tech Films Limited₹6,503₹15,105 cr28.5
Finolex Industries Limited₹154₹9,549 cr20.9
Time Technoplast Limitedthis company₹175₹8,615 cr18.6
Kingfa Science & Technology (India) Limited₹5,856₹7,935 cr24.7
Prince Pipes And Fittings Limited₹259₹2,860 cr21.2
Apollo Pipes Limited₹526₹2,316 cr
Jain Irrigation Systems Limited₹30₹2,216 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.86%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹1.5 / share15 Sep 2026
Bonus issue1:123 Sep 2025
Dividend₹2.5 / share4 Sep 2025
Dividend₹2 / share20 Sep 2024
Dividend₹1.25 / share18 Sep 2023
Dividend₹1 / share20 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
47.6%
FII / Foreign
8.5%
DII / Domestic
17.6%
Retail / others
26.3%
Promoter stake down 4.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtTime Exports Private Limited · Promoters1.02 L · ₹2.0 cr20 Feb 26
BoughtTime Exports Private Limited · Promoters1.55 L · ₹3.0 cr19 Feb 26
BoughtTime Exports Private Limited · Promoters51,850 · ₹1.0 cr25 Nov 25
Bulk / block deals
short · NSE533 Sep 26
short · NSE4320 Jul 26
short · NSE117 Jul 26
Stake changes
BoughtTime Securities Services Private Limited · promoter→ 17.36% · 10.00 L23 Jun 26
SoldRaghupathy Thyagarajan · promoter→ 17.36% · 4.00 L23 Jun 26
SoldVishal Anil Jain · promoter→ 0.04% · 4.00 L23 Jun 26
Promoter pledges
ReleasedIIFL Finance Limited31.00 L · 1.37% held29 May 23
ReleasedAditya Birla Finance Ltd31.93 L · 2.78% held23 May 23
ReleasedAditya Birla Finance Limited2.00 L · 2.87% held30 Nov 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Sep 2025
See the official result
1
a) Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, including the Audited Balance Sheet, the Statement of Profit & Loss and Cash Flow for the year ended on that date and the Report of the Board of Directors and Auditors thereon. b) Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, including the Audited Balance Sheet, the Statement of Profit & Loss and Cash Flow for the year ended on that date and the Report of the Board of Directors and Auditors thereon.
Backed by 99% of shareholders other than promotersneeded 50%
4.86 cr votes for, 4.08 L against · 1% of mutual funds and other big investors said no
2
Declaration of Dividend at the rate of Rs. 2.50/- per equity share (250%) on the face value of Rs. 1/- each for the financial year ended 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
4.91 cr votes for, 381 against · 0% of mutual funds and other big investors said no
3
To re-appoint Mr. Bharat Kumar Vageria (DIN: 00183629), who retires by rotation as a Director and being eligible, offers himself for reappointment.
Backed by 94% of shareholders other than promotersneeded 50%
4.63 cr votes for, 27.93 L against · 6% of mutual funds and other big investors said no
4
To re-appoint Mr. Vishal Jain (DIN: 03137163), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
Backed by 99% of shareholders other than promotersneeded 50%
4.84 cr votes for, 7.35 L against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 47.6% between them · as of 2026-06-30
Time Securities Services Private Limited17.36%
Vishwalaxmi Trading and Finance Private Limited14.22%
Time Exports Private Limited9.07%
Bharat Kumar Vageria1.85%
Naveen Mahendra Kumar Jain1.78%
Raghupathy Thyagarajan1.76%
Ritu Jain1.44%
Aruna Bharat Vageria0.04%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹800 cr raised in Nov 2025 by selling shares to large investors

As of Jun 2026, the company says it has spent 57% of what it set aside, leaving ₹343 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
100%
₹400 cr of ₹400 cr
Capital expenditure for purchase of machinery and equipment towards automation and re-engineering
17%
₹15 cr of ₹89 cr
Investment in wholly owned subsidiary Time Ecotech Private Limited for purchase of equipment for recycling plants at Umbergaon, Gujarat and Gadarpur, Uttarakhand
35%
₹19 cr of ₹55 cr
Capital expenditure for purchase of de-odorizing equipment
17%
₹3 cr of ₹15 cr
Funding inorganic growth, including but not limited to acquisitions, strategic investments, and joint ventures and general corporate purposes
1%
₹2 cr of ₹222 cr
Fees, commissions and expenses relating to this Issue
100%
₹19 cr of ₹19 cr
Spent by quarter: 43%55%57% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.