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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Time Technoplast Ltd

About the Company - Time Technoplast Ltd

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 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. M K WadhwaInd. Non-Executive Director
Ms. Triveni MakhijaniInd. Non-Executive Director
Mr. Praveen Kumar AgarwalInd. Non-Executive Director

Time Technoplast Ltd. Share Price Update

Share PriceValue
Today₹213.25
Previous Day₹220.25

Basic Stock Data of Time Technoplast Ltd

Market Cap 4,982 Cr.
Current Price 220
High / Low227/69.4
Stock P/E17.7
Book Value 104
Dividend Yield0.55 %
ROCE13.1 %
ROE10.0 %
Face Value 1.00

Data Source: screener.in

Competitors of Time Technoplast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Worth Peripherals Ltd 185 Cr. 118137/84.214.0 94.80.82 %19.0 %13.5 % 10.0
Manaksia Ltd 751 Cr. 115194/99.16.93 1195.24 %16.0 %9.25 % 2.00
Safari Industries (India) Ltd 9,671 Cr. 2,0332,315/92256.6 1080.09 %37.5 %34.4 % 2.00
Radha Madhav Corporation Ltd 18.3 Cr. 2.003.33/1.1514.8 0.130.00 %178 %% 10.0
Shree Rama Multi-Tech Ltd 394 Cr. 29.535.5/7.1637.9 7.280.00 %7.93 %18.6 % 5.00
Industry Average271.46 Cr53.326.0565.841.23%51.69%15.15%5.8

Time Technoplast Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales7448359517549159421,0399441,0241,1291,1921,0791,194
Expenses6527238226547848069008218919781,0239321,027
Operating Profit92112129101131136139124133151169147167
OPM %12%13%14%13%14%14%13%13%13%13%14%14%14%
Other Income1120011102110
Interest25242423232323232426332625
Depreciation37383838393940414243454546
Profit before tax30516939697477606884927696
Tax %15%22%25%25%26%26%26%25%26%26%29%25%25%
Net Profit26405229515557455163655771
EPS in Rs1.081.702.311.262.222.382.451.962.202.712.812.483.11

Time Technoplast Ltd Quarterly Chart

Time Technoplast Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5101,7762,1552,4472,3962,7553,1033,5643,5783,0053,6504,2894,595
Expenses1,2671,4851,8472,1082,0482,3502,6303,0403,0792,6183,1443,7123,960
Operating Profit243292308339348404473524499387506577634
OPM %16%16%14%14%15%15%15%15%14%13%14%13%14%
Other Income45642222324344
Interest688999104969088991089892105110
Depreciation5668878799116137146156151157171180
Profit before tax123141128150174201250282237142259305348
Tax %25%24%23%25%19%25%26%26%26%26%26%27%
Net Profit9210799113142151185209175106192224256
EPS in Rs4.274.924.545.226.576.507.988.967.484.578.319.6911.11
Dividend Payout %11%9%10%10%8%10%10%10%13%15%12%13%

Time Technoplast Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)16.30%-7.48%14.14%25.66%6.34%22.52%12.97%-16.27%-39.43%81.13%16.67%
Change in YoY Net Profit Growth (%)0.00%-23.78%21.62%11.52%-19.33%16.18%-9.54%-29.24%-23.16%120.56%-64.47%

Time Technoplast Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:7%
3 Years:6%
TTM:16%
Compounded Profit Growth
10 Years:8%
5 Years:4%
3 Years:9%
TTM:34%
Stock Price CAGR
10 Years:20%
5 Years:20%
3 Years:61%
1 Year:151%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:8%
Last Year:10%

Time Technoplast Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital21212121212323232323232323
Reserves7408099081,0161,1471,3041,4611,6471,7921,8802,0502,2472,343
Borrowings769825861804746722777840890863906891865
Other Liabilities382432460493505523632691659538626669682
Total Liabilities1,9112,0862,2502,3342,4202,5712,8923,2003,3643,3043,6043,8293,914
Fixed Assets9191,0101,1451,1541,1471,1001,2001,2791,3491,2811,3141,3831,389
CWIP1351484543718794988140706869
Investments0000000000002
Other Assets8589291,0601,1381,2021,3841,5981,8221,9341,9832,2202,3792,454
Total Assets1,9112,0862,2502,3342,4202,5712,8923,2003,3643,3043,6043,8293,914

Time Technoplast Ltd Reserves and Borrowings Chart

Time Technoplast Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 161221214269289188303281301257291370
Cash from Investing Activity -247-190-124-98-120-212-244-231-138-105-179-216
Cash from Financing Activity 99-44-74-172-16719-51-58-148-151-104-154
Net Cash Flow13-1316-01-58-716181

Time Technoplast Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days787573697577798084978780
Inventory Days111112104102104104109107110132129117
Days Payable848371677066746965565548
Cash Conversion Cycle105104106104110115113118130173161150
Working Capital Days8973797788102103108125177155144
ROCE %13%14%13%13%14%14%15%16%13%9%12%13%

Time Technoplast Ltd Financial Efficiency Indicators Chart

Time Technoplast Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters51.33%51.33%51.33%51.33%51.33%51.33%51.33%51.33%51.47%51.69%51.69%51.51%
FIIs15.18%14.63%13.37%12.43%10.87%8.70%7.81%8.88%8.05%6.88%5.96%5.70%
DIIs11.27%11.23%11.01%10.09%9.59%9.13%9.24%8.94%8.16%6.21%9.95%10.42%
Public22.22%22.80%24.29%26.14%28.21%30.83%31.62%30.85%32.31%35.22%32.39%32.37%
No. of Shareholders37,02952,02558,87666,93772,12788,94998,96092,42886,65677,99873,77974,109

Time Technoplast Ltd Shareholding Pattern Chart

No. of Time Technoplast Ltd Shareholders

Time Technoplast Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Small Cap Fund - Regular Plan17106110.2129.86
HSBC Business Cycles Fund1935000.463.38

Time Technoplast Ltd ROCE Trend

Time Technoplast Ltd EPS Trend

Time Technoplast Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)9.698.314.577.488.96
Diluted EPS (Rs.)9.648.294.567.468.96
Cash EPS (Rs.)17.4515.4611.3614.6515.68
Book Value[Excl.RevalReserv]/Share (Rs.)102.8193.8686.0782.2675.55
Book Value[Incl.RevalReserv]/Share (Rs.)102.9294.0186.2882.5775.86
Revenue From Operations / Share (Rs.)189.67161.39132.87158.22157.58
PBDIT / Share (Rs.)25.6922.5017.2922.1623.29
PBIT / Share (Rs.)18.1315.5410.6115.2516.83
PBT / Share (Rs.)13.4811.476.2910.4712.47
Net Profit / Share (Rs.)9.898.504.687.749.22
NP After MI And SOA / Share (Rs.)9.698.314.577.488.96
PBDIT Margin (%)13.5413.9313.0114.0014.78
PBIT Margin (%)9.559.627.989.6410.67
PBT Margin (%)7.107.104.736.617.91
Net Profit Margin (%)5.215.263.524.895.85
NP After MI And SOA Margin (%)5.105.153.444.725.68
Return on Networth / Equity (%)9.669.085.449.3512.19
Return on Capital Employeed (%)14.8713.7810.2114.7618.06
Return On Assets (%)5.725.213.135.026.33
Long Term Debt / Equity (X)0.100.120.130.180.19
Total Debt / Equity (X)0.350.390.350.420.44
Asset Turnover Ratio (%)1.150.660.580.740.79
Current Ratio (X)2.182.072.041.851.64
Quick Ratio (X)1.261.211.251.120.96
Inventory Turnover Ratio (X)3.292.322.092.652.85
Dividend Payout Ratio (NP) (%)10.688.7821.4312.439.26
Dividend Payout Ratio (CP) (%)6.004.788.716.465.38
Earning Retention Ratio (%)89.3291.2278.5787.5790.74
Cash Earning Retention Ratio (%)94.0095.2291.2993.5494.62
Interest Coverage Ratio (X)5.525.534.004.635.34
Interest Coverage Ratio (Post Tax) (X)3.133.092.082.623.11
Enterprise Value (Cr.)2510.592230.872003.431296.303045.88
EV / Net Operating Revenue (X)0.580.610.660.360.85
EV / EBITDA (X)4.324.385.122.595.78
MarketCap / Net Operating Revenue (X)0.400.390.450.150.65
Retention Ratios (%)89.3191.2178.5687.5690.73
Price / BV (X)0.760.690.710.311.40
Price / Net Operating Revenue (X)0.400.390.450.150.65
EarningsYield0.120.130.070.290.08

Time Technoplast Ltd Profitability Ratios (%)

Time Technoplast Ltd Liquidity Ratios

Time Technoplast Ltd Liquidity Ratios (%)

Time Technoplast Ltd Interest Coverage Ratios (X)

Time Technoplast Ltd Valuation Ratios

Fair Value / Intrinsic Value of Time Technoplast Ltd

Fair Value: ₹185.09

The stock is overvalued by 15.87% compared to the current price ₹220

*Investments are subject to market risks

Strength and Weakness of Time Technoplast Ltd

StrengthWeakness
  1. The company has higher reserves (1,488.00 cr) compared to borrowings (827.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.54 cr) and profit (210.77 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 15.27 and average Dividend Yield of 9.49%.
  2. The stock has a low average ROCE of 13.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 110.00, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 124.08, which may not be favorable.

Should I Buy Time Technoplast Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Time Technoplast Ltd:
    1. Net Profit Margin: 5.21%
      • 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: 14.87% (Industry Average ROCE: 43.5%)
      • 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. Interest Coverage Ratio (Post Tax): 3.13
      • 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.
    4. Quick Ratio: 1.26
      • 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.
    5. ✓ Stock P/E: 17.7 (Industry average Stock P/E: 142.26)
      • 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.
    6. ✓ Total Debt / Equity: 0.35
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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