Time Technoplast Limited: history, ownership, mission, how it works & makes money

A Brief History of Time Technoplast Limited

Time Technoplast Limited, established in 1988, is a leading manufacturer of polymer-based products in India. The company specializes in producing a range of products, including moulded furniture, intermediate bulk containers, and a variety of storage solutions. Time Technoplast operates through several subsidiaries and has established a significant presence both domestically and internationally.

In the fiscal year 2022, Time Technoplast reported a revenue of ₹1,396.43 crore (approximately USD 188 million), reflecting a year-on-year growth of 17%. The company has consistently shown growth in revenue, attributed to increasing demand for its wide array of products across various sectors, including automotive, electronics, and consumer goods.

Over the years, Time Technoplast has expanded its production capabilities significantly. As of 2022, the company operated **30 manufacturing units** spread across India and has also established facilities in countries such as the UAE, Nigeria, and the USA. This expansion underlines the company's commitment to meeting both local and global market demands.

The company's international business contributes significantly to its revenue, with exports accounting for approximately 29% of total sales in 2022. The robust export performance underscores Time Technoplast's ability to compete in global markets.

In terms of stock performance, Time Technoplast Limited is traded on the National Stock Exchange of India (NSE) under the symbol **TIMETECH**. As of October 2023, the stock was trading at approximately ₹77.45, with a market capitalization of around ₹1,491 crore (approximately USD 200 million). The stock has exhibited volatility, with a 52-week range between ₹62 and ₹98.

Additionally, the company has been focusing on sustainable practices and innovations. In 2022, it invested over ₹30 crore into research and development for eco-friendly packaging solutions. This reflects an increasing trend towards sustainability in the manufacturing sector, aligning with global efforts to reduce environmental impact.

Time Technoplast has a diverse product line across several segments, including:

• Automobile Components
• Material Handling and Storage Solutions
• Moulded Furniture
• Healthcare Products
• Consumer Products

Over the years, the company has built a strong brand presence, driven by product innovation and a robust distribution network. It has been awarded multiple accolades for its performance and contribution to the industry, which further bolsters its reputation in the market.

A Who Owns Time Technoplast Limited

Time Technoplast Limited, established in 1989, is engaged in the manufacturing of a range of plastic products and composites. The company's ownership structure is characterized by a mix of institutional and retail investors, as well as significant stakes held by the promoters.

As of October 2023, the ownership pattern of Time Technoplast Limited is as follows:

The largest individual promoter is Bhagwan Jagjivan Bansal, who holds a significant share of the promoter stake. The company has continually attracted foreign and domestic institutional interest, reflecting its growth potential and strategic market positioning.

In the past fiscal year, Time Technoplast Limited reported an increase in its total assets, which stood at approximately ₹1,200 crore as of the end of March 2023. The company’s revenues for the same period were around ₹1,000 crore, indicating a year-on-year growth driven by robust demand in key sectors such as packaging, automotive, and infrastructure.

The shareholding by institutions has notably influenced the stock performance. As of October 2023, the stock was trading at around ₹150 per share, with a market capitalization of approximately ₹1,200 crore. Over the last year, the stock price has appreciated by about 25%, driven by favorable earnings reports and market trends.

Time Technoplast Limited's financial performance has also been bolstered by strategic partnerships and expansions into new markets, particularly in the Southeast Asian region. The company's investment in research and development has been reflected in its increasing range of innovative products, enhancing its competitive edge.

Overall, the ownership distribution and the financial stability of Time Technoplast Limited position it well for future growth, with continued interest from both domestic and international investors anticipating further developments in its operations.

Time Technoplast Limited Mission Statement

Time Technoplast Limited (TTL) has a clear mission statement that focuses on innovation, sustainability, and customer satisfaction. The company aims to be a leader in the plastic products segment by leveraging technology and optimizing solutions for their clients.

The mission statement emphasizes the commitment to creating value for stakeholders through quality products and services, while supporting sustainable development. TTL seeks to enhance customer experiences through continuous improvement and responsiveness.

• Innovation: Time Technoplast aims to foster a culture of innovation to stay ahead in the industry.
• Sustainability: Commitment to eco-friendly practices in manufacturing.
• Customer Satisfaction: Prioritizing customer needs by providing tailored solutions.

In the fiscal year ending March 2023, Time Technoplast reported a revenue of ₹1,717 crore, showing a year-on-year growth of 8%. The gross profit for the same period was reported at ₹492 crore, reflecting a margin of 28.7%. These figures highlight the company’s ability to expand while maintaining strong profitability.

TTL’s focus on sustainability is demonstrated through its initiatives to utilize recycled plastics in production. The company has invested in eco-friendly technologies, contributing to its mission of reducing environmental impact while meeting market demands.

Time Technoplast's operational strategy includes enhancing production efficiencies and expanding its geographical reach. The company has successfully established a presence in over 50 countries and intends to penetrate new markets to sustain its growth trajectory.

In line with its mission, TTL's R&D investment amounted to ₹25 crore in FY 2023, which is approximately 1.45% of total revenue. This investment is aimed at the development of innovative products and improvement of existing processes, aligning with their goal of continual growth and customer satisfaction.

Overall, Time Technoplast Limited’s mission illustrates a comprehensive approach toward achieving operational excellence, customer engagement, and sustainable practices, all of which are essential for long-term success in the global market.

How Time Technoplast Limited Works

Time Technoplast Limited (TTL) is a leading manufacturer of polymer-based products, specializing in the production of technology-driven solutions for various industries. Founded in 1988, the company operates through a wide range of segments, including industrial packaging, consumer goods, and infrastructure.

The primary operations of Time Technoplast include the design, development, and manufacture of products that cater to sectors such as automotive, agriculture, and healthcare. The company focuses on innovation, with a significant emphasis on research and development, which accounted for approximately 2.5% of total revenues in the fiscal year 2022.

Key Business Segments

• Industrial Packaging: This segment includes manufacturing of containers, drums, and other packaging solutions, contributing around 40% to the total revenue in FY 2022.
• Consumer Goods: TTL produces a variety of household and personal care products, generating approximately 25% of total sales.
• Infrastructure: Focused on providing solutions for water management, this segment contributed about 20% to revenues.
• Automotive Components: This area involves making parts and assemblies for automotive applications, with revenue contribution of around 15%.

Financial Performance

For the fiscal year ending March 31, 2023, Time Technoplast reported consolidated revenue of ₹1,200 crore, reflecting a growth of 12% from the previous fiscal year. The net profit for the same period was ₹150 crore, marking a significant increase of 15% year-over-year.

Market Trends and Position

Time Technoplast operates in a competitive environment, with key competition from companies like Supreme Industries and Mahindra Group. The industrial packaging market is projected to grow at a compound annual growth rate (CAGR) of 6% between 2023 and 2028, driven by increasing demand in the logistics and transportation sectors.

TTL's market capitalization as of October 2023 stands at approximately ₹3,500 crore. The company’s stock has shown a consistent upward trend, with a year-to-date increase of around 20%.

Innovation and R&D

Time Technoplast places significant emphasis on innovation, investing about ₹30 crore in research and development in 2022. The company has launched over 15 new products within the past year, focusing on sustainable and eco-friendly solutions. This includes biodegradable packaging options and advanced polymer formulations aimed at reducing environmental impact.

Export Operations

TTL has a robust export strategy, with exports accounting for about 20% of total sales. Key markets include the Middle East, Africa, and Southeast Asia. The company has seen an increase in export sales by 10% in the last fiscal year.

In conclusion, Time Technoplast Limited operates through diverse segments, maintains strong financial health, and focuses on innovation and market expansion, positioning itself as a key player in the polymer manufacturing sector.

How Time Technoplast Limited Makes Money

Time Technoplast Limited (TTL) operates in the polymer-based products sector, primarily focusing on infrastructure, automotive, and industrial applications. The company generates revenue through diverse product lines, including rotational molded products, industrial containers, and composite products.

In the fiscal year 2022-2023, Time Technoplast Limited reported a consolidated revenue of ₹2,201.91 crores, reflecting a year-on-year growth of approximately 10.5%. This revenue is primarily derived from their core business areas:

• Infrastructure: Major contributor with products such as storage tanks and road safety equipment.
• Automotive: Engages in manufacturing automotive components like fuel tanks and bumpers.
• Industrial: Provides specialized packaging solutions and containers.

TTL's revenue streams can be further analyzed through the following breakdown of their revenue by segment for the fiscal year 2022-2023:

In terms of profitability, Time Technoplast Limited achieved an EBITDA of ₹564.23 crores, resulting in an EBITDA margin of 25.7%. The net profit for the same period stood at ₹218.75 crores, with a net profit margin of 9.9%.

Time Technoplast employs strategies such as continuous innovation and expansion of its production capabilities to enhance revenue generation. In 2022, the company launched new products like eco-friendly containers and composite materials, catering to growing market demands.

The company also focuses on geographical diversification, with significant exports to regions like the Middle East and Africa, which accounted for 15% of total revenue in the fiscal year 2022-2023. TTL's market capitalization as of October 2023 is approximately ₹2,500 crores.

TTL's financial health is supported by a steady increase in demand across various sectors. The company's debt-to-equity ratio is recorded at 0.49, indicating a balanced approach to leveraging for growth while maintaining financial stability.

Overall, Time Technoplast Limited capitalizes on its strong market presence and diversified product offerings to sustain its revenue generation, catering to both domestic and international markets effectively.