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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Time Technoplast Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:19 pm

Market Cap 8,441 Cr.
Current Price 372
High / Low474/162
Stock P/E23.3
Book Value 118
Dividend Yield0.54 %
ROCE15.6 %
ROE12.5 %
Face Value 1.00
PEG Ratio1.82

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Time Technoplast Ltd

Competitors of Time Technoplast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindustan Tin Works Ltd 185 Cr. 178249/13213.1 2010.67 %11.1 %8.65 % 10.0
HCP Plastene Bulkpack Ltd 179 Cr. 168294/14747.3 49.40.00 %5.83 %0.30 % 10.0
Gujarat Containers Ltd 95.3 Cr. 169200/14211.1 83.60.89 %22.7 %22.9 % 10.0
Goblin India Ltd 47.0 Cr. 34.082.4/29.212.1 31.80.00 %8.18 %6.90 % 10.0
G K P Printing & Packaging Ltd 18.6 Cr. 8.4616.6/7.53 9.980.00 %5.50 %7.89 % 10.0
Industry Average2,740.42 Cr421.2735.05182.540.26%12.94%38.23%7.42

All Competitor Stocks of Time Technoplast Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales9517549159421,0399441,0241,1291,1921,0791,1941,3251,394
Expenses8226547848069008218919781,0239321,0271,1341,208
Operating Profit129101131136139124133151169147167191186
OPM %14%13%14%14%13%13%13%13%14%14%14%14%13%
Other Income20011102110211
Interest24232323232324263326252525
Depreciation38383939404142434545464240
Profit before tax6939697477606884927696126133
Tax %25%25%26%26%26%25%26%26%29%25%25%26%29%
Net Profit52295155574551636557719394
EPS in Rs2.311.262.222.382.451.962.202.712.812.483.114.044.07

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,7762,1552,4472,3962,7553,1033,5643,5783,0053,6504,2894,992
Expenses1,4851,8472,1082,0482,3502,6303,0403,0792,6183,1443,7124,302
Operating Profit292308339348404473524499387506577691
OPM %16%14%14%15%15%15%15%14%13%14%13%14%
Other Income56422223243414
Interest8999104969088991089892105101
Depreciation68878799116137146156151157171173
Profit before tax141128150174201250282237142259305431
Tax %24%23%25%19%25%26%26%26%26%26%27%27%
Net Profit10799113142151185209175106192224316
EPS in Rs4.924.545.226.576.507.988.967.484.578.319.6913.68
Dividend Payout %9%10%10%8%10%10%10%13%15%12%13%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-7.48%14.14%25.66%6.34%22.52%12.97%-16.27%-39.43%81.13%16.67%41.07%
Change in YoY Net Profit Growth (%)0.00%21.62%11.52%-19.33%16.18%-9.54%-29.24%-23.16%120.56%-64.47%24.40%

Time Technoplast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:7%
3 Years:18%
TTM:16%
Compounded Profit Growth
10 Years:12%
5 Years:8%
3 Years:43%
TTM:44%
Stock Price CAGR
10 Years:22%
5 Years:48%
3 Years:67%
1 Year:114%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:11%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:41 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital212121212323232323232323
Reserves8099081,0161,1471,3041,4611,6471,7921,8802,0502,2472,530
Borrowings825861804746722777840890863906900829
Other Liabilities432460493505523632691659538626660732
Total Liabilities2,0862,2502,3342,4202,5712,8923,2003,3643,3043,6043,8294,114
Fixed Assets1,0101,1451,1541,1471,1001,2001,2791,3491,2811,3141,3831,368
CWIP1484543718794988140706841
Investments-0-0-0-0-0-0-0-0-0-0-02
Other Assets9291,0601,1381,2021,3841,5981,8221,9341,9832,2202,3792,703
Total Assets2,0862,2502,3342,4202,5712,8923,2003,3643,3043,6043,8294,114

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +221214269289188303281301257291370406
Cash from Investing Activity +-190-124-98-120-212-244-231-138-105-179-216-187
Cash from Financing Activity +-44-74-172-16719-51-58-148-151-104-154-197
Net Cash Flow-1316-01-58-71618122

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-533.00-553.00-465.00-398.00-318.00-304.00-316.00-391.00-476.00-400.00-323.00-138.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days757369757779808497878079
Inventory Days112104102104104109107110132129117107
Days Payable837167706674696556554845
Cash Conversion Cycle104106104110115113118130173161150141
Working Capital Days73797788102103108125177155145136
ROCE %14%13%13%14%14%15%16%13%9%12%13%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters51.33%51.33%51.33%51.33%51.33%51.33%51.47%51.69%51.69%51.51%51.56%51.56%
FIIs13.37%12.43%10.87%8.70%7.81%8.88%8.05%6.88%5.96%5.70%6.18%6.78%
DIIs11.01%10.09%9.59%9.13%9.24%8.94%8.16%6.21%9.95%10.42%10.93%10.97%
Public24.29%26.14%28.21%30.83%31.62%30.85%32.31%35.22%32.39%32.37%31.32%30.67%
No. of Shareholders58,87666,93772,12788,94998,96092,42886,65677,99873,77974,10978,6321,02,531

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Small Cap Fund - Regular Plan1,710,6110.2129.861,710,6112024-11-200%
HSBC Business Cycles Fund193,5000.463.381,710,6112024-11-20-88.69%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)13.719.698.314.577.48
Diluted EPS (Rs.)13.679.648.294.567.46
Cash EPS (Rs.)21.5317.4515.4611.3614.65
Book Value[Excl.RevalReserv]/Share (Rs.)112.39102.8193.8686.0782.26
Book Value[Incl.RevalReserv]/Share (Rs.)112.49102.9294.0186.2882.57
Revenue From Operations / Share (Rs.)220.00189.67161.39132.87158.22
PBDIT / Share (Rs.)31.0725.6922.5017.2922.16
PBIT / Share (Rs.)23.4618.1315.5410.6115.25
PBT / Share (Rs.)18.9913.4811.476.2910.47
Net Profit / Share (Rs.)13.929.898.504.687.74
NP After MI And SOA / Share (Rs.)13.689.698.314.577.48
PBDIT Margin (%)14.1213.5413.9313.0114.00
PBIT Margin (%)10.669.559.627.989.64
PBT Margin (%)8.637.107.104.736.61
Net Profit Margin (%)6.325.215.263.524.89
NP After MI And SOA Margin (%)6.215.105.153.444.72
Return on Networth / Equity (%)12.179.669.085.449.35
Return on Capital Employeed (%)17.9314.8713.7810.2114.76
Return On Assets (%)7.545.725.213.135.02
Long Term Debt / Equity (X)0.060.100.120.130.18
Total Debt / Equity (X)0.290.350.390.350.42
Asset Turnover Ratio (%)1.261.150.660.580.74
Current Ratio (X)2.332.182.072.041.85
Quick Ratio (X)1.411.261.211.251.12
Inventory Turnover Ratio (X)3.503.292.322.092.65
Dividend Payout Ratio (NP) (%)9.4810.688.7821.4312.43
Dividend Payout Ratio (CP) (%)6.096.004.788.716.46
Earning Retention Ratio (%)90.5289.3291.2278.5787.57
Cash Earning Retention Ratio (%)93.9194.0095.2291.2993.54
Interest Coverage Ratio (X)6.955.525.534.004.63
Interest Coverage Ratio (Post Tax) (X)4.113.133.092.082.62
Enterprise Value (Cr.)6314.292510.592230.872003.431296.30
EV / Net Operating Revenue (X)1.260.580.610.660.36
EV / EBITDA (X)8.964.324.385.122.59
MarketCap / Net Operating Revenue (X)1.130.400.390.450.15
Retention Ratios (%)90.5189.3191.2178.5687.56
Price / BV (X)2.220.760.690.710.31
Price / Net Operating Revenue (X)1.130.400.390.450.15
EarningsYield0.050.120.130.070.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Time Technoplast Ltd as of November 21, 2024 is: 345.53

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Time Technoplast Ltd is Overvalued by 7.12% compared to the current share price 372.00

Intrinsic Value of Time Technoplast Ltd as of November 21, 2024 is: 389.87

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Time Technoplast Ltd is Undervalued by 4.80% compared to the current share price 372.00

Last 5 Year EPS CAGR: 12.83%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,565.92 cr) compared to borrowings (830.25 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.67 cr) and profit (225.00 cr) over the years.
  1. The stock has a low average ROCE of 13.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 114.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 127.08, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Time Technoplast Ltd:
    1. Net Profit Margin: 6.32%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.93% (Industry Average ROCE: 12.6%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.17% (Industry Average ROE: 34.21%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.11
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.41
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 23.3 (Industry average Stock P/E: 24.9)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.29
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Time Technoplast Ltd. is a Public Limited Listed company incorporated on 20/12/1989 and has its registered office in the State of Daman & Diu, India. Company’s Corporate Identification Number(CIN) is L27203DD1989PLC003240 and registration number is 003240. Currently Company is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 2031.49 Cr. and Equity Capital is Rs. 22.61 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & Containers101, 1st Floor, Centre Point, Daman Daman & Diu 396210investors@timetechnoplast.com
http://www.timetechnoplast.com
Management
NamePosition Held
Mr. Sanjaya KulkarniChairman(NonExe.&Ind.Director)
Mr. Bharat Kumar VageriaManaging Director & CFO
Mr. Naveen Kumar JainWhole Time Director
Mr. Raghupathy ThyagarajanWhole Time Director
Mr. Sanjeev SharmaWhole Time Director
Mr. Vishal JainNon Exe.Non Ind.Director
Mr. Mahinder Kumar WadhwaInd. Non-Executive Director
Ms. Triveni MakhijaniInd. Non-Executive Director
Mr. Praveen Kumar AgarwalInd. Non-Executive Director
Mr. Pradip Kumar DasInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Time Technoplast Ltd?

The latest intrinsic value of Time Technoplast Ltd as on 21 November 2024 is ₹345.53, which is 7.12% lower than the current market price of ₹372.00.

What is the Market Cap of Time Technoplast Ltd?

The Market Cap of Time Technoplast Ltd is 8,441 Cr..

What is the current Stock Price of Time Technoplast Ltd as on 21 November 2024?

The current stock price of Time Technoplast Ltd as on 21 November 2024 is ₹372.

What is the High / Low of Time Technoplast Ltd stocks in FY 2024?

In FY 2024, the High / Low of Time Technoplast Ltd stocks is 474/162.

What is the Stock P/E of Time Technoplast Ltd?

The Stock P/E of Time Technoplast Ltd is 23.3.

What is the Book Value of Time Technoplast Ltd?

The Book Value of Time Technoplast Ltd is 118.

What is the Dividend Yield of Time Technoplast Ltd?

The Dividend Yield of Time Technoplast Ltd is 0.54 %.

What is the ROCE of Time Technoplast Ltd?

The ROCE of Time Technoplast Ltd is 15.6 %.

What is the ROE of Time Technoplast Ltd?

The ROE of Time Technoplast Ltd is 12.5 %.

What is the Face Value of Time Technoplast Ltd?

The Face Value of Time Technoplast Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Time Technoplast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE