TIMETECHNO

Time Technoplast Limited

Polymer packaging and handling solutions for chemicals and industrial end-users

Industrials›Capital Goods›Industrial Products›Plastic Products - Industrial

timetechnoplast.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹179.50
Market cap
8,877 Cr
Stock P/E
18.1
P/B
2.17
Dividend yield
0.7%
ROE (FY26)
11.3%
ROCE (FY26)
14.9%
Operating margin (FY26)
11.6%
Debt / equity (FY26)
0.16
OCF / EBITDA (FY26)
26.1%
OCF / EBITDA (3Y)
45.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Time Technoplast makes industrial plastic products, mainly drums, jerry cans, pails and intermediate bulk containers (IBCs) for industrial packaging, along with polyethylene pipes and composite cylinders for gas storage.

Company snapshot

5thBy market cap

Ranked among 20 companies in Plastic Products - Industrial.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 63.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Composite Products
36.2%
1,443 Cr177 Cr—
Polymer Products
63.8%
2,546 Cr269 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.16x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 45% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,194 Cr1,325 Cr1,394 Cr1,230 Cr1,371 Cr1,388 Cr1,469 Cr1,353 Cr1,511 Cr1,565 Cr1,677 Cr1,693 Cr
Operating expenses (approx.)1,027 Cr1,134 Cr1,208 Cr1,056 Cr1,174 Cr1,187 Cr1,255 Cr1,158 Cr1,288 Cr1,331 Cr1,436 Cr1,468 Cr
EBITDA167 Cr191 Cr186 Cr174 Cr196 Cr201 Cr214 Cr195 Cr223 Cr234 Cr241 Cr224 Cr
OPM %14.0%14.4%13.4%14.2%14.3%14.5%14.5%14.4%14.7%14.9%14.4%13.3%
Other income0.25 Cr2 Cr11 Cr0.66 Cr0.93 Cr2 Cr2 Cr0.93 Cr1 Cr2 Cr5 Cr1 Cr
Interest25 Cr25 Cr25 Cr24 Cr23 Cr22 Cr22 Cr22 Cr22 Cr19 Cr18 Cr17 Cr
Depreciation46 Cr42 Cr40 Cr41 Cr42 Cr43 Cr44 Cr45 Cr46 Cr46 Cr47 Cr51 Cr
Profit before tax96 Cr126 Cr133 Cr110 Cr133 Cr137 Cr150 Cr129 Cr157 Cr171 Cr181 Cr158 Cr
Tax %25.5%26.0%29.1%26.8%24.7%25.2%25.3%25.4%25.1%24.8%25.9%25.2%
Net profit71 Cr93 Cr94 Cr80 Cr100 Cr102 Cr112 Cr97 Cr117 Cr129 Cr134 Cr118 Cr
EPS (₹)₹3.11₹4.05₹4.08₹3.49₹4.33₹4.44₹4.83₹4.19₹2.54₹2.75₹2.67₹2.35

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,755 Cr3,103 Cr3,564 Cr3,578 Cr3,005 Cr3,650 Cr4,289 Cr4,993 Cr5,457 Cr6,105 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,350 Cr2,630 Cr3,040 Cr3,079 Cr2,618 Cr3,144 Cr3,712 Cr4,302 Cr4,672 Cr5,213 CrSign in free for the trailing twelve months
EBITDA404 Cr473 Cr524 Cr499 Cr387 Cr506 Cr577 Cr691 Cr785 Cr892 CrSign in free for the trailing twelve months
OPM %14.7%15.2%14.7%13.9%12.9%13.9%13.5%13.8%14.4%14.6%Sign in free for the trailing twelve months
Other income2 Cr2 Cr3 Cr2 Cr4 Cr3 Cr4 Cr14 Cr5 Cr9 CrSign in free for the trailing twelve months
Interest90 Cr88 Cr99 Cr108 Cr98 Cr92 Cr105 Cr101 Cr92 Cr80 CrSign in free for the trailing twelve months
Depreciation115 Cr137 Cr146 Cr156 Cr151 Cr157 Cr171 Cr173 Cr170 Cr183 CrSign in free for the trailing twelve months
Profit before tax201 Cr246 Cr282 Cr237 Cr142 Cr259 Cr305 Cr431 Cr529 Cr638 CrSign in free for the trailing twelve months
Tax %24.6%26.5%26.0%26.1%25.6%25.9%26.6%26.7%25.4%25.3%Sign in free for the trailing twelve months
Net profit151 Cr180 Cr209 Cr175 Cr106 Cr192 Cr224 Cr316 Cr394 Cr477 CrSign in free for the trailing twelve months
EPS (₹)₹6.90₹7.98₹8.96₹7.48₹4.57₹8.31₹9.69₹13.71₹17.10₹9.99Sign in free for the trailing twelve months
Dividend payout %————20.9%8.6%10.5%9.3%11.9%12.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital23 Cr23 Cr23 Cr23 Cr23 Cr23 Cr23 Cr23 Cr23 Cr49 Cr
Reserves1,304 Cr1,461 Cr1,647 Cr1,792 Cr1,880 Cr2,050 Cr2,247 Cr2,530 Cr2,869 Cr4,039 Cr
Borrowings631 Cr685 Cr741 Cr762 Cr677 Cr825 Cr810 Cr745 Cr647 Cr639 Cr
Other liabilities575 Cr683 Cr743 Cr735 Cr676 Cr653 Cr692 Cr753 Cr790 Cr833 Cr
Total liabilities2,571 Cr2,892 Cr3,200 Cr3,364 Cr3,304 Cr3,604 Cr3,829 Cr4,114 Cr4,399 Cr5,639 Cr
Fixed assets (net)1,100 Cr1,199 Cr1,279 Cr1,349 Cr1,281 Cr1,314 Cr1,383 Cr1,368 Cr1,372 Cr1,435 Cr
CWIP87 Cr94 Cr98 Cr81 Cr40 Cr70 Cr68 Cr41 Cr79 Cr230 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr2 Cr3 Cr6 Cr
Inventories547 Cr641 Cr737 Cr758 Cr760 Cr908 Cr995 Cr1,050 Cr1,148 Cr1,328 Cr
Trade receivables578 Cr670 Cr784 Cr821 Cr798 Cr867 Cr943 Cr1,082 Cr1,162 Cr1,452 Cr
Cash & bank56 Cr59 Cr49 Cr60 Cr61 Cr68 Cr69 Cr91 Cr126 Cr537 Cr
Other assets203 Cr228 Cr252 Cr297 Cr365 Cr378 Cr372 Cr479 Cr507 Cr650 Cr
Total assets2,571 Cr2,892 Cr3,200 Cr3,364 Cr3,304 Cr3,604 Cr3,829 Cr4,114 Cr4,399 Cr5,639 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity188 Cr303 Cr281 Cr301 Cr257 Cr291 Cr370 Cr406 Cr431 Cr233 Cr
Cash from investing-212 Cr-244 Cr-231 Cr-138 Cr-102 Cr-179 Cr-216 Cr-187 Cr-147 Cr-446 Cr
Cash from financing19 Cr-51 Cr-58 Cr-148 Cr-151 Cr-104 Cr-154 Cr-197 Cr-249 Cr624 Cr
Net cash flow-5 Cr8 Cr-7 Cr16 Cr4 Cr8 Cr0.81 Cr22 Cr35 Cr411 Cr
Free cash flow (OCF − Capex)-24 Cr57 Cr49 Cr164 Cr155 Cr104 Cr146 Cr225 Cr235 Cr-220 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.6%15.1%15.5%13.1%9.1%11.9%13.1%15.8%17.2%14.9%
ROE %10.8%11.8%12.2%9.1%5.3%8.8%9.4%11.9%13.1%11.3%
Debtor days76798084978680797887
Inventory days103107105110132127116107107110
Days payable65736865565447454237
Cash conversion cycle114113117129172160148141143159
OCF / EBITDA %46.5%64.1%53.8%60.4%66.4%57.5%64.2%58.8%54.8%26.1%
OCF / EBITDA % (3 years)——55.2%59.2%59.6%61.0%62.5%60.2%58.8%45.2%
Debt / equity0.480.460.440.420.360.400.360.290.220.16
Current ratio1.521.611.641.851.982.022.152.252.633.51
Net debt / EBITDA1.42—1.321.411.591.501.280.950.660.11