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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Time Technoplast Ltd

Basic Stock Data

Last Updated: May 30, 2024, 6:15 am

Market Cap 6,194 Cr.
Current Price 273
High / Low300/87.2
Stock P/E20.0
Book Value 112
Dividend Yield0.46 %
ROCE16.0 %
ROE12.9 %
Face Value 1.00
PEG Ratio1.56

Competitors of Time Technoplast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Advance Syntex Ltd 9.38 Cr. 8.459.65/4.23 10.60.00 %7.20 %26.8 % 10.0
CDG Petchem Ltd 13.5 Cr. 43.751.1/12.8 2.890.00 %4.81 %44.8 % 10.0
BKM Industries Ltd 12.4 Cr. 1.902.50/0.65 20.50.00 %9.03 %18.4 % 1.00
Anuroop Packaging Ltd 22.5 Cr. 21.130.4/15.76.67 21.60.00 %15.9 %13.2 % 10.0
Apt Packaging Ltd 19.5 Cr. 37.052.8/25.0 9.420.00 %0.94 %% 10.0
Industry Average15.46 Cr22.431.3313.000.00%7.58%20.64%8.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8359517549159421,0399441,0241,1291,1921,0791,1941,325
Expenses7238226547848069008218919781,0239321,0271,134
Operating Profit112129101131136139124133151169147167191
OPM %13%14%13%14%14%13%13%13%13%14%14%14%14%
Other Income1200111021102
Interest24242323232323242633262525
Depreciation38383839394041424345454642
Profit before tax516939697477606884927696126
Tax %22%25%25%26%26%26%25%26%26%29%25%25%26%
Net Profit40522951555745516365577193
EPS in Rs1.702.311.262.222.382.451.962.202.712.812.483.114.04

Last Updated: May 11, 2024, 12:35 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:13 am

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%

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:22%
5 Years:26%
3 Years:54%
1 Year:229%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:8%
Last Year:10%

Last Updated: May 1, 2024, 3:26 pm

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

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-533.00-553.00-465.00-398.00-318.00-304.00-316.00-391.00-476.00-400.00-314.00691.00

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 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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.33%51.33%51.33%51.33%51.33%51.33%51.33%51.47%51.69%51.69%51.51%51.56%
FIIs14.63%13.37%12.43%10.87%8.70%7.81%8.88%8.05%6.88%5.96%5.70%6.18%
DIIs11.23%11.01%10.09%9.59%9.13%9.24%8.94%8.16%6.21%9.95%10.42%10.93%
Public22.80%24.29%26.14%28.21%30.83%31.62%30.85%32.31%35.22%32.39%32.37%31.32%
No. of Shareholders52,02558,87666,93772,12788,94998,96092,42886,65677,99873,77974,10978,632

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Small Cap Fund - Regular Plan1,710,6110.2129.86
HSBC Business Cycles Fund193,5000.463.38

ROCE Trend

EPS Trend

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹290.29

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.

Undervalued: 6.33% compared to the current price ₹273

Intrinsic Value: ₹327.54

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 19.98% compared to the current price ₹273

Last 5 Year EPS CAGR: 12.83%

*Investments are subject to market risks

Strength and Weakness

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 (2.67 cr) and profit (225.00 cr) over the years.
  1. The stock has a low average ROCE of 13.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 110.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 124.08, 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: 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: 7.58%)
      • 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%: 9.66% (Industry Average ROE: 20.64%)
      • 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): 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.
    5. 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.
    6. ✗ Stock P/E: 20.0 (Industry average Stock P/E: 1.33)
      • 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: 0.35
      • 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 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

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

FAQ

What is the latest fair value of Time Technoplast Ltd?

The latest fair value of Time Technoplast Ltd is ₹290.29.

What is the Market Cap of Time Technoplast Ltd?

The Market Cap of Time Technoplast Ltd is 6,194 Cr..

What is the current Stock Price of Time Technoplast Ltd as on 30 May 2024?

The current stock price of Time Technoplast Ltd as on 30 May 2024 is ₹273.

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 300/87.2.

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

The Stock P/E of Time Technoplast Ltd is 20.0.

What is the Book Value of Time Technoplast Ltd?

The Book Value of Time Technoplast Ltd is 112.

What is the Dividend Yield of Time Technoplast Ltd?

The Dividend Yield of Time Technoplast Ltd is 0.46 %.

What is the ROCE of Time Technoplast Ltd?

The ROCE of Time Technoplast Ltd is 16.0 %.

What is the ROE of Time Technoplast Ltd?

The ROE of Time Technoplast Ltd is 12.9 %.

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