Time Technoplast (TIMETECHNO) had a P/E of 15.9× on 6 Nov 2026, below the industry P/E of 18.1×, and the shares are 22% below their 52-week high. It earns ROCE of 15% and ROE of 13%, and sales and net profit grew 12% and 29% a year over 3 years. Its dividend yield is 0.9%, and debt is 0.18× equity. It is a small-cap company with a market cap of ₹8,424 Cr, the largest of 83 Packaging & Containers companies by market cap; the shares fell 18% over the past year.
- ₹179.70
- ₹180.99
- ₹169.05
- ₹174.09
- 65.7 L
Health check
- ReturnsBehind
−17.5% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 15.9 vs industry 18.1.
- GrowthStrong
Sales +12.5%, profit +28.9% a year over 3 years.
- ProfitabilityAverage
ROCE 15.3% vs peer median 17.4%.
- Balance sheetFair
Debt 0.18× equity, interest covered 12.0×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹8,424 Cr
- Small cap
- P/E
- 15.9
- Industry 18.1
- Price to book
- 2.06
- Peers 2.26
- Dividend yield
- 0.86%
- ROE
- 13.4%
- Peers 14.4%
- ROCE
- 15.3%
- Peers 17.4%
- Debt to equity
- 0.18
- Debt ₹733 Cr
- EPS (TTM)
- ₹10.73
- Face value ₹1
- OPM (TTM)
- 14.3%
- Net margin 7.6%
- Sales growth
- +25.1%
- Latest quarter vs a year ago
- Profit growth
- +22.2%
- Latest quarter vs a year ago
- Price to sales
- 1.31
- EV/EBITDA 9.3
Strengths and risks
Strengths
- Quarterly profit up 22.2% on a year ago.
- Quarterly sales up 25.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Time Technoplast
Time Technoplast Limited manufactures and sells composite and polymer products in India. It operates thorugh two segments, Polymer and Composite. The company offers industrial packaging products, including drums, containers, jerry cans, pails, and PET sheets under TECHPACK brand; infrastructure solutions, such as high-density polyethylene (HDPE) pipes under Max'M brand, as well as DWC pipes; and energy storage devices. It also provides lifestyle products,…
- Headquarters
- Mumbai
- Employees
- 3,363
- Sector
- Consumer Cyclical
- ISIN
- INE508G01029
- Website
- timetechnoplast.com
Price range
- Avg volume (3M)
- 25.6 L
- 1-year return
- minus 17.5%
- From 52-week high
- minus 21.8%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| MOLDTKPACMold-Tek Packaging | 340.15 | minus 0.54% | 2,261 | 27.7 | 3.06 | – | 11.6% | 12.0% | – | – | 0.88% | minus 2.3% |
| Median of 7 peers | – | −2.13% | 4,024 | 19.9 | 2.26 | 17.4% | 14.4% | 14.0% | 6.4% | 10.4% | 0.55% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,353 | 1,511 | 1,565 | 1,677 | 1,693 | |
| 1,158 | 1,288 | 1,331 | 1,436 | 1,468 | |
| 195 | 223 | 234 | 241 | 224 | |
| 14.4% | 14.7% | 14.9% | 14.4% | 13.3% | |
| 0.9 | 1.1 | 2.3 | 4.9 | 1.1 | |
| 21.8 | 21.5 | 18.8 | 17.6 | 16.9 | |
| 44.6 | 45.7 | 46 | 47 | 51 | |
| 129 | 157 | 171 | 181 | 158 | |
| 25.4% | 25.1% | 24.8% | 25.9% | 25.2% | |
| 95.1 | 115 | 126 | 132 | 116 | |
| 2.10 | 2.54 | 2.75 | 2.67 | 2.35 |
Profit & loss
- Sales CAGR 3Y
- +12.5%
- Profit CAGR 3Y
- +28.9%
- EPS CAGR 3Y
- +27.5%
- ROE
- 13.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,289 | 4,993 | 5,457 | 6,105 | |
| – | +16.4% | +9.3% | +11.9% | |
| 3,711 | 4,301 | 4,672 | 5,212 | |
| 579 | 691 | 785 | 893 | |
| 13.5% | 13.8% | 14.4% | 14.6% | |
| −10.2 | −12.2 | −13.3 | −20.9 | |
| 92.6 | 86.2 | 74 | 57.8 | |
| 171 | 173 | 170 | 183 | |
| −0.4 | 10.5 | 0.5 | 7.3 | |
| 305 | 431 | 529 | 638 | |
| 26.6% | 26.7% | 25.4% | 25.3% | |
| 219 | 310 | 388 | 469 | |
| – | +41.7% | +25.0% | +20.8% | |
| 4.82 | 6.83 | 8.55 | 9.99 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.6 | 22.7 | 22.7 | 49.4 | |
| 2,247 | 2,530 | 2,869 | 4,039 | |
| 900 | 829 | 732 | 733 | |
| 660 | 732 | 775 | 817 | |
| 3,829 | 4,114 | 4,399 | 5,639 | |
| 1,450 | 1,409 | 1,452 | 1,665 | |
| 67.6 | 41.2 | 79.4 | 230 | |
| – | 1.5 | 3.2 | 5.8 | |
| 101 | 153 | 177 | 579 | |
| 2,211 | 2,509 | 2,687 | 3,159 | |
| 3,829 | 4,114 | 4,399 | 5,639 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 370 | 406 | 431 | 233 | |
| −216 | −187 | −147 | −446 | |
| −154 | −197 | −249 | 624 | |
| 0.8 | 21.9 | 35.2 | 411 | |
| −225 | −181 | −196 | −370 | |
| 146 | 225 | 235 | −137 | |
| −23.4 | −29.4 | −47 | −58.9 |
Shareholding pattern
- Promoters47.47%
- Public52.53%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 47.47% | 52.53% | minus 0.09 | |
| 30 Jun 2026 | 47.56% | 52.44% | 0.00 | |
| 31 Mar 2026 | 47.56% | 52.44% | plus 0.05 | |
| 31 Dec 2025 | 47.51% | 52.49% | plus 0.05 | |
| 11 Nov 2025 | 47.46% | 52.54% | – |
Major shareholders
Filings & events
News
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