TIMETECHNO

Time Technoplast share price & financials

Price
₹178.42
Market cap
₹10.3k Cr
Sector
Capital Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 06 Aug 2026

Time Technoplast Limited Q1 FY27

Net Sales ₹1,694 cr +25%EBITDA ₹225 cr +15%PAT ₹116 cr +22%

What went well

  • Net sales increased 25.1% YoY to ₹1,694 crores, demonstrating strong top-line growth.
  • Profit After Tax (PAT) grew 22.1% YoY to ₹116 crores, reflecting improved profitability.
  • The composite products segment was a key growth driver, expanding by 29.3% in the quarter.

What to watch

  • Geopolitical uncertainties caused volatility in energy and raw material markets, impacting 75% of product costs.
  • Q1 PE pipe volumes were subdued due to government's reluctance to pass on price increases to EPC contractors, leading to non-supply in some cases.
Read the full call →

What Time Technoplast Limited does

Time Technoplast is a B2B industrial-packaging and polymer/composite products manufacturer serving specialty chemicals, FMCG, pharmaceuticals, paints and other process industries. It makes two broad product groups: Polymer Products (HM-HDPE drums, jerry cans, pails, PE pipes, turf & matting, MOX films) and Composite Products (Intermediate Bulk Containers, composite LPG/CNG/oxygen cylinders, energy-storage batteries, auto components and steel drums). It manufactures across 20 locations in India and has manufacturing presence in 11 countries in total, including the US, Bahrain, Egypt, UAE, Saudi Arabia, Vietnam, Thailand, Malaysia, Taiwan and Indonesia. Pricing with large industrial customers is set on agreed monthly/quarterly formulas tied to input costs.

Segments

  • Polymer Products
  • Composite Products
Global market position
World's largest manufacturer of large-size plastic drums; 2nd-largest composite cylinder manufacturer worldwide; 3rd-largest IBC manufacturer worldwide
Domestic industrial packaging market share
Over 55% in India
Country market leadership
Market leader in 9 of the 11 countries it operates in
Manufacturing locations in India
20
Countries with manufacturing presence
11 (including India, USA, Bahrain, Egypt, UAE, Saudi Arabia, Vietnam, Thailand, Malaysia, Taiwan, Indonesia)
Recognized brands
14+
Founded 1989Headquarters Daman (registered office); Mumbai, Maharashtra (corporate office)Employees 2,366 (2025-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 24 tracked 1 delivered 2 missed 21 open
  • ROCE missed said Q4 FY25 Promised: ROCE, which is for '26, targeting 20%. Q1 FY27: Promise related to FY26, which was missed. No new update.
  • Solar Power Cost Savings diluted said Q4 FY25 Promised: we will be able to save around INR 25 crores to INR 30 crores on account of using the solar connected power Q1 FY27: New guidance for FY27 is INR 12 crores in savings, a significant dilution from the original INR 25-30 crores annual target.
  • Gross Debt on track said Q4 FY25 Promised: I have kept to become a company debt-free... that effort will still continue (within 2 years). Q1 FY27: Debt reduced by a further INR 90 crores this quarter, progressing towards the revised 12-18 month target.

All 24 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 25.1%, net profit up 21.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,371 1,388 1,469 1,353 1,511 +10%1,565 +13%1,677 +14%1,693 +25%
EBITDA196 201 214 195 223 +14%234 +16%241 +13%224 +15%
Net profit100 102 112 97 117 +17%129 +26%134 +20%118 +22%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −62.0% 1Y

₹200₹300₹400₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹476.3 on 10 Sept 2025 → ₹180.8. High ₹476.3 (10 Sept 2025), low ₹155.27 (23 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−0.2%
6 Aug
Q4 FY26
−2.8%
29 May
Q3 FY26
+1.7%
13 Feb
Q2 FY26
−1.3%
17 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 12.5% a year over 3 years, FY23 to FY26. Operating margin widened to 14.6%.

Year endingFY23FY24FY25FY26
Revenue₹4.3k Cr₹5.0k Cr₹5.5k Cr₹6.1k Cr
Operating profit₹577 Cr₹691 Cr₹785 Cr₹893 Cr
Operating margin13.5%13.8%14.4%14.6%
Interest₹106 Cr₹101 Cr₹91 Cr₹81 Cr
Depreciation₹171 Cr₹173 Cr₹170 Cr₹184 Cr
Net profit₹224 Cr₹315 Cr₹394 Cr₹477 Cr
Net margin5.2%6.3%7.2%7.8%
Cash from operations₹370 Cr₹406 Cr₹431 Cr₹233 Cr
Free cash flow₹147 Cr₹251 Cr₹275 Cr₹-137 Cr
ROCE13.0%16.0%17.0%17.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹23 Cr₹23 Cr₹23 Cr₹23 Cr₹45 Cr₹49 Cr
Reserves₹1.9k Cr₹2.0k Cr₹2.2k Cr₹2.5k Cr₹3.0k Cr₹4.0k Cr
Borrowings₹863 Cr₹906 Cr₹900 Cr₹829 Cr₹684 Cr₹733 Cr
Other liabilities₹538 Cr₹626 Cr₹660 Cr₹732 Cr₹789 Cr₹817 Cr
Total liabilities₹3.3k Cr₹3.6k Cr₹3.8k Cr₹4.1k Cr₹4.5k Cr₹5.6k Cr
Fixed assets₹1.3k Cr₹1.3k Cr₹1.4k Cr₹1.4k Cr₹1.4k Cr₹1.4k Cr
Capital work in progress₹40 Cr₹70 Cr₹68 Cr₹41 Cr₹60 Cr₹230 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹4 Cr₹6 Cr
Other assets₹2.0k Cr₹2.2k Cr₹2.4k Cr₹2.7k Cr₹3.0k Cr₹4.0k Cr
Total assets₹3.3k Cr₹3.6k Cr₹3.8k Cr₹4.1k Cr₹4.5k Cr₹5.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +4.64 pp while promoters trimmed −4.05 pp. The shareholder count grew 2% to 1,40,298.

Promoters
47.6%
FIIs
8.5%
DIIs
17.6%
Public
26.3%

Since Jun 2025

  • DIIs +4.64 pp
  • Promoters −4.05 pp
  • Public −0.83 pp

How it drifted, 12 quarters

Over this window DIIs went from 9.9% to 17.6% — +7.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 51.7%, FIIs 6.0%, DIIs 9.9%, Public 32.4%.Dec '23: Promoters 51.5%, FIIs 5.7%, DIIs 10.4%, Public 32.4%.Mar '24: Promoters 51.6%, FIIs 6.2%, DIIs 10.9%, Public 31.3%.Jun '24: Promoters 51.6%, FIIs 6.8%, DIIs 11.0%, Public 30.7%.Sep '24: Promoters 51.6%, FIIs 6.7%, DIIs 12.9%, Public 28.9%.Dec '24: Promoters 51.6%, FIIs 7.7%, DIIs 13.2%, Public 27.6%.Mar '25: Promoters 51.6%, FIIs 8.1%, DIIs 13.0%, Public 27.3%.Jun '25: Promoters 51.6%, FIIs 8.3%, DIIs 12.9%, Public 27.2%.Sep '25: Promoters 51.6%, FIIs 8.4%, DIIs 13.2%, Public 26.8%.Dec '25: Promoters 47.5%, FIIs 11.7%, DIIs 16.7%, Public 24.1%.Mar '26: Promoters 47.6%, FIIs 10.9%, DIIs 17.4%, Public 24.2%.Jun '26: Promoters 47.6%, FIIs 8.5%, DIIs 17.6%, Public 26.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Time Technoplast Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Time Securities Services Private Limited 17.36%+0.20 pp
Vishwalaxmi Trading and Finance Private Limited 14.22%unchanged
Time Exports Private Limited 9.07%unchanged
HSBC Mutual Fund - HSBC Small Cap Fund Mutual fund4.55%unchanged
Tata Mutual Fund- Tata Small Cap Fund Mutual fund3.48%unchanged
HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund Mutual fund3.12%unchanged
3p India Equity Fund 1 AIF1.98%unchanged
Bharat Kumar Vageria 1.85%unchanged
Naveen Mahendra Kumar Jain 1.78%unchanged
Raghupathy Thyagarajan 1.76%−0.08 pp
Ritu Jain 1.44%unchanged
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund1.30%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in TIMETECHNO

Filings to Jul 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −1.00 L shares (−0.6%).

Held by funds
₹319 Cr
2 schemes
Biggest holder
HDFC Balanced Advantage Fund
₹250 Cr · 0.2% of that fund
SchemeHoldingLast month
HDFC Balanced Advantage Fund HDFC Mutual Fund₹250 Crheld
HDFC Manufacturing Fund HDFC Mutual Fund₹69 Cr−1.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 1 trimmed — net −1.00 L shares (−0.6%)

Funds are sitting on
+140%
vs est. average cost
Held by funds
₹319 Cr
2 schemes · ≈ 2.7% of the company
Biggest holder
HDFC Balanced Advantage Fund
₹250 Cr · 0.2% of that fund

Shares held by these funds −28%

Aug '23 1.53 cr shares Jul '26

What the price assumes

Attractive

To justify its price of ₹181, this stock must grow earnings at 10% every year for 7 years. Our analysis caps realistic growth at ~26%. At that growth it is worth ₹423 — upside of 134%.

Growth the price implies
10.0% a year
for 7 years, fading to 4%
It has actually compounded at
28.3% a year
net profit, FY23–FY26 · EPS 26.5%
The gap
-0.2 pp
134% downside if it only repeats history
Price today ₹180.8 Value at the reference growth ₹422.78

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Time Technoplast Limited

Guides on how to read this kind of business and the numbers that matter.