AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Schedule of Analyst/Institutional Investor Meeting to be held on September 21, 2026
Source: Bse
Time Technoplast Limited (TIMETECHNO)
Micro CapIndustrials stocks · Micro cap · NSE
Time Technoplast manufactures polymer products, including industrial packaging, composite cylinders for LPG, CNG, and hydrogen, and PE pipes. The company operates in India and 10 overseas countries, focusing on cleaner energy solutions and sustainable packaging.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result06 Aug, 02:04 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
37BearishSMA20 -2.5% / mo · RSI oversold · MACD − · near 52W low
Stock trend: 32
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TIMETECHNOD candles · FIT view-11.4%Latest close ₹165.48 on 2026-10-21
Bar
-5.3%
RSI
30
MACD hist
-0.76
52W pos
16%
2026-10-21O ₹174.76H ₹175.93L ₹164.99C ₹165.48Vol 16.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
TIMETECHNONifty India ManufacturingNifty 500
- TIMETECHNO
- -20.4%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- -13.9 pp
Chart stats
21 Oct 2026- From 52W high
- -27.3%
- 52W range position
- 16%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.66x
- Avg traded value
- ₹42.1 Cr
- 20D price channel
- ₹165 - ₹188.4
₹227.5
₹154 - ₹227.5
₹6
Latest completed session
20-session average
28.1% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED60
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average52
Revenue +25.1% · PAT +21.6% YoY
Technical
Bearish37
Price trend and sector-relative-strength timing.
Valuation
Legacy model+58.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 52/100margin compression · Rev +25% YoY · PAT +22% YoY
Filed 05 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,693 Cr | +25.1% | +0.9% |
| EBITDA | ₹224 Cr | +14.9% | -7.1% |
| Operating margin | 13.0% | -100 bps | -100 bps |
| PAT | ₹118 Cr | +21.6% | -11.9% |
| PAT margin | 7.0% | -20 bps | -102 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.00
- P/B
- 2.16
- EV/EBITDA
- 8.60
- Market Cap
- 8830.00Cr
Profitability
- ROE
- 13.10%
- ROCE
- 16.50%
- ROA
- 8.83%
- Dividend Y
- 0.83%
Growth (CAGR)
- Revenue 5Y
- 15.00%
- EPS 5Y
- 35.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 28.00%
Balance Sheet
- Debt/Equity
- 0.18
- Interest Coverage
- 12.29×
- Altman Z
- 6.36
- Book Value
- 82.80
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 10/5
- OCF
- 233.00 Cr
- EPS TTM
- 10.12
Shareholding
- Promoter Hold
- 47.48%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 34%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 1,693+1.0% vs prev
Net Profit
₹ CrLatest: 118-11.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 30.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~2.6% over last month) — short-term momentum negative.
- RSI(14) at 30 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 26% off 52W high · 7% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
37
RS percentile
Stage 1 Base / Transition
1M return
-8.2%
3M return
-20.4%
6M return
-12.0%
1Y return
-21.0%
RS 1D
-3
RS 20D
-8
Sector rank
#2
Industry rank
#11
Stage evidence
- Price is 9.9% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 80.41-4.08%
RS vs Nifty 50080
Valuation & peers
U-Score 60 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 60 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · UNDERVALUEDValuation16/30
Growth20/25
Quality5/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
60
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
60/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 58.4%.
- Growth contributes 20/25 to the score.
Main drags
- Quality is weaker at 5/20; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Valuation is weaker at 16/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
18.0
PB
2.2
EV/EBITDA
8.6
ROE
13.1%
ROCE
16.5%
FCF Yield
—
Debt/Equity
0.2
MoS
+58.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
60
Previous: 60
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+58.4%
Previous: +56.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
59
59
59
59
60
60
60
60
60
60
60
60
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹137.31
-20.5% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹397.72
+58.4% MoS
PEG
0.56
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
TOKYOPLAST
Small
Tokyo Plast International Limited
Packaging
match 71
24
193.0
1.0%
-452%
OVERVALUED
EPL
Micro
EPL Limited
Packaging
match 60
56
18.1
15.7%
+39%
FAIR VALUE
GRWRHITECH
Micro
Garware Hi-Tech Films Limited
Packaging
match 52
44
43.1
13.5%
-6%
WATCHLIST
AGI
Small
AGI Greenpac Limited
Packaging
match 50
81
13.8
15.7%
+67%
DEEP VALUE
UFLEX
Small
UFLEX Limited
Packaging
match 50
42
6.7
4.3%
-137%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-12T08:42:36.178Z
Management commentary snapshot
Q1 FY27 Net Sales grew 25% YoY to INR1,694 Cr, driven by 11% volume growth. PAT increased 22.2% YoY to INR116 Cr, with EBITDA up 15% YoY to INR225 Cr, reflecting improved profitability through effective pricing and product mix.
The company delivered strong Q1 FY27 results, with robust growth in composite products and overall profitability. Management's ability to pass on input cost fluctuations and focus on operational efficiency is key. The high capex cycle for consolidation and expansion is underway, with a clear path to debt reduction and improved ROCE. Geopolitical risks and raw material price volatility remain, but the long-term growth drivers in value-added segments appear strong.
Current business mix
Revenue by Geography
Latest issuer-disclosed distribution across 2 reported categories.
India65.0%
Overseas35.0%
Growth engines
Composite Products
Composite products segment delivered 29.3% growth in Q1 FY27, supported by sustained demand and a robust order book of INR185 crores.
PE Pipes
Management considers more than 20% to 25% growth for PE pipes, with 60-65% of business typically in H2 due to government projects.
Industrial Packaging
Industrial packaging division maintained steady performance, with confirmed orders of INR400 crores for the current calendar year and a growth estimate of 11-13% for the full year.
Power Build Batteries
Subsidiary Power Build Batteries projects over 30% year-on-year growth for at least the next 3 years, targeting 15% EBITDA margin in 2 years.
Capacity and execution
Mouda Composite Products Plant
Fully automatic composite products plant near Mouda completed and commenced production.
Time Ecotech Green Recycling Plant
Greenfield recycling plant (wholly-owned subsidiary Time Ecotech Private Limited) completed.
Silvassa IBC Facilities
Brownfield automation IBC facilities, fully automatic plant in Silvassa Phase 1 completed, with Phase 2 under implementation.
USA Expansion
USA operations currently in 5 states, with 6 more states under implementation, expected to be finalized by year-end.
Tailwinds
India's Energy Transition
India's focus on strengthening energy security, expanding gas infrastructure, and accelerating cleaner energy solutions creates significant opportunities.
Composite-based Applications
Growing momentum in composite-based applications, supported by approvals for Type 3 and Type 4 hydrogen cylinders and progress on 14.2 kg composite LPG cylinders.
E-commerce LPG Delivery
LPG HPCL Swiggy Instamart pilot validates lightweight composite cylinders for modern LPG distribution and last-mile delivery, expected to increase business.
Government Infrastructure Focus
Government support for infrastructure development is expected to increase demand for PE pipes, with government likely to compromise on price increases for EPC contractors.
Headwinds
Geopolitical Uncertainties
Global markets continue to navigate geopolitical uncertainties (West Asia, Russia-Ukraine conflict) contributing to volatility in energy and raw material markets.
Raw Material Price Volatility
Polymer prices witnessed significant movement during the quarter, impacting working capital and causing delays in PE pipe demand in Q1.
Risk radar
Acquisition Delays
Acquisition of Ebullient Packaging Private Limited is on hold due to war stabilization and price normalization, awaiting board guidelines.
Working Capital Management
Working capital cycle time increased to 115 days in March '26 due to raw material price increases, though it reduced to 110 days in Q1 FY27.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Management explicitly compares Q1 FY27 figures to 'last year, same period'. The company's business includes both India (April-June) and overseas (Jan-March) results, making year-over-year comparison the most consistent for overall performance assessment.
Sector KPIs management disclosed
Net Sales
Q1 FY27 Net Sales: INR1,694 crores (up 25% YoY; India up 30%, overseas up 17%).
PAT
Q1 FY27 PAT: INR116 crores (up 22.2% YoY).
Volume Growth
Q1 FY27 Volume increased by 11% (India 10%, overseas 14%).
EBITDA
Q1 FY27 EBITDA: INR225 crores (up 15% YoY).
Management forward view
Growth Guidance Maintained
Management is not changing growth guidelines for FY27, committing to volume growth above 15%, EBITDA growth of 19-20%, and PAT growth of 23-24%.
ROCE Improvement Target
Company aims to increase ROCE by 1.75% every year, targeting 24% in 3 years from 19% in March '26.
Post-Capex Capital Allocation
Post the high capex cycle (FY26-27), management will explore inorganic growth opportunities, share buybacks, and increased payout ratios, guided by the board and investors.
Cost Savings from Automation
Automation, power cost saving (INR12 Cr this year from solar), and manpower cost reduction are expected to drive EBITDA growth.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Volume Growth | 11% (Q1 FY27) | Achievement of the 15% annual volume growth target for FY27. |
| Working Capital Cycle | 110 days (Q1 FY27) | Reduction to 100 days by year-end and the long-term target of 90 days. |
| ROCE | 19% (March '26) | Consistent annual increase of 1.75% towards the 24% target in 3 years. |
| Capex Spending | INR350 crores (FY26-27 estimate) | Normalization of capex to INR200-250 crores annually post-FY27, indicating completion of the consolidation phase. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
76Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 79th percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
124 docs text-extracted · 37 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
81st percentile
overall median 67 · Industrials: 79th pctile, median 68 · Micro: 66th pctile, median 73
Evidence depth
Financial-only
124 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
70
acceptable · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸10 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Promoter holding fell 4.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Time Technoplast Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Cessation 28 Sep - Two independent directors ceased on 27 September 2026 after completing second term.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Sep - Newspaper Advertisement regarding dispatch of Notice of 36th Annual General Meeting and other matters
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Company Ir
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Aug - Time Technoplast to attend Motilal Oswal Global Investor Conference on August 18, 2026 in Mumbai.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Earnings Call Transcript 11 Aug - Transcript of the Conference Call held on August 06, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Aug - Intimation of Plant visit for Investors/Analysts followed by interaction with the Management.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 13 Aug - Time Technoplast wins Rs 2.48 crore NTPC hydrogen locomotive pilot order, executable within four months.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 17 Jul - Time Technoplast wins HPCL GeM order for 1,40,000 composite LPG cylinders worth about ₹38.14 crore.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Jun - Intimation of Schedule of Analyst/Institutional Investor Meeting to be held on June 16, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 10 Jun - Time Technoplast executed SPA to acquire 76% of Systoverse Private Limited for about Rs. 25 crore.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.