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Latest filing: 2026-09-04 16:56
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
33 announcements match the current filters (relevance ≥ 5).
Time Technoplast Sets Sep 15, 2026 Record Date for ₹1.50/Share Final Dividend
Time Technoplast has fixed September 15, 2026 as the record date to determine shareholder eligibility for a final dividend of ₹1.50 per equity share (face value ₹1.00) for FY 2025-26. The dividend is subject to approval at the 36th Annual General Meeting scheduled for September 22, 2026. At the current market price of ₹189.20, the payout represents a dividend yield of approximately 0.79%. Physical shareholders are advised to complete mandatory KYC updates to ensure electronic dividend credit.
Confidence: HIGH
What changedFormal notification of the record date (September 15, 2026) and AGM date (September 22, 2026) for the FY26 final dividend payout.
Why it mattersProvides operational timelines for cash distribution to shareholders following FY26 earnings.
Final Dividend per Share: Rs. 1.50Face Value: Rs. 1Record Date: 15-Sep-2026AGM Date: 22-Sep-2026Dividend Yield on CMP: ~0.79%
📅 Short termThe stock will trade ex-dividend ahead of the September 15 record date, with minimal price impact given the modest yield.
📈 Long termLimited; reflects routine annual capital return to shareholders.
Key Highlights
Final dividend of ₹1.50 per equity share of face value ₹1.00 recommended for FY 2025-26.
Record date set for Tuesday, September 15, 2026 for eligibility determination.
36th Annual General Meeting (AGM) scheduled for Tuesday, September 22, 2026 at 04:00 PM IST.
Dividends for physical folios lacking KYC updation will be withheld per SEBI guidelines.
👀 What to Watch
Investors seeking dividend eligibility should ensure shares are held before the ex-date. Physical shareholders must submit Forms ISR-1/2/3 to the RTA to ensure compliance before September 15, 2026.
Time Technoplast Secures ₹87.53 Cr Order for Type IV Composite CNG Cascades from PSU
Time Technoplast Limited has secured an order worth approximately ₹87.53 crore for the supply of Type IV Composite CNG Mobile Storage Cascades from a well-established PSU (a joint venture of two Maharatna PSUs). The order is intended for deployment across the customer's CNG and City Gas Distribution (CGD) network. The contract is scheduled to be executed within one year. Relative to Time Technoplast's TTM revenue of ₹6,446 crore, the order represents approximately 1.36% and bolsters its fast-growing value-added composite cylinder division.
Confidence: HIGH
What changedAwarded a new domestic supply contract worth ₹87.53 crore for Type IV Composite CNG Cascades.
Why it mattersDemonstrates continued repeat order traction for high-margin Type IV composite cylinders from major CGD entities, supporting segment revenue growth.
Order value: Rs. 87.53 Crores (Approx.)Execution timeline: Within 1 YearOrder vs TTM revenue: ~1.36%TTM Revenue: Rs 6446 Cr
📅 Short termProvides incremental revenue visibility over the next 12 months with positive sentiment around value-added product wins.
📈 Long termSupports the ongoing industry transition from conventional steel cascades to lighter Type IV composite solutions across Indian CGD networks.
⚠ Risk flags
- Execution timeline delays within the 1-year commitment
- Volatility in polymer input costs affecting product margins
Key Highlights
Secured order valued at approximately ₹87.53 crore from a JV of two Maharatna PSUs.
Scope covers Type IV Composite CNG Cylinders – Mobile Storage Cascades for CGD networks.
Order execution timeline is set for within 1 year.
Reinforces PESO-approved Type IV composite cylinder adoption among domestic CGD players.
👀 What to Watch
Monitor execution timelines and the contribution of composite cylinder revenues in quarterly disclosures over the next four quarters.
Time Technoplast approves merger of TPL Plastech; to invest up to ₹50 Cr in TICL
Time Technoplast's Board has granted in-principle approval for the merger of its 74.86% listed subsidiary, TPL Plastech Limited, into the parent company with an appointed date of April 1, 2026. In addition, the Board approved an investment of up to ₹50 crore over 12 months to acquire up to a 65% equity stake in Time Intercontinental Limited (TICL) to drive bulk polymer procurement discounts. Separately, the company decided not to proceed with the proposed 74% acquisition of Ebullient Packaging Private Limited following due diligence and global geopolitical concerns.
Confidence: HIGH
What changedTime Technoplast initiated a formal merger of its listed packaging subsidiary TPL Plastech, cancelled an external packaging acquisition (EPPL), and committed ₹50 crore into a polymer trading subsidiary (TICL).
Why it mattersThe merger simplifies group structure, eliminates listed subsidiary overheads, and aligns product lines, while TICL is designed to aggregate polymer procurement volumes to achieve bulk purchase discounts.
Investment in TICL: upto Rs. 50 CroresInvestment vs Net Worth: ~1.76%Holding in TPL Plastech: 74.86%Proposed stake in TICL: up to 65%Merger Appointed Date: April 01, 2026
📅 Short termMarket reaction is likely to be supportive of corporate simplification and raw material sourcing synergies, while valuation details (swap ratio) for TPL Plastech will be the key near-term checkpoint.
📈 Long termStreamlined operations across industrial packaging lines and consolidated procurement could improve operational efficiencies and operating margins over multi-year periods.
⚠ Risk flags
- Regulatory and NCLT approval timelines for the amalgamation scheme
- Related-party transaction dynamics in the co-promoted raw material entity (TICL)
Key Highlights
In-principle approval for merger of 74.86% listed subsidiary TPL Plastech into Time Technoplast with appointed date April 1, 2026
Approved up to ₹50 crore equity investment for up to 65% stake in newly incorporated Time Intercontinental Limited
Promoters/Promoter group to subscribe to the remaining 35% equity stake in TICL at face value
Terminated the MoU for acquiring a 74% stake in Ebullient Packaging Private Limited with no financial loss incurred
👀 What to Watch
Track the upcoming board approval for the swap ratio and scheme of amalgamation with TPL Plastech, along with execution updates on the TICL polymer sourcing entity over the next 12 months.
Time Technoplast Approves Merger of TPL Plastech, Cancels EPPL Buy, Invests ₹50 Cr in TICL
Time Technoplast's Board has granted in-principle approval for the merger of its 74.86% listed subsidiary, TPL Plastech Limited, with an Appointed Date of April 1, 2026, to simplify group structure and optimize operations. Concurrently, the Board decided not to proceed with the planned 74% acquisition of Ebullient Packaging Private Limited (EPPL) following due diligence and global geopolitical changes. Additionally, the Board approved an equity investment of up to ₹50 crore to acquire up to a 65% stake in newly incorporated polymer trading entity Time Intercontinental Limited (TICL) to drive bulk polymer procurement discounts.
Confidence: HIGH
What changedTime Technoplast is merging its listed subsidiary TPL Plastech, dropping the EPPL buyout, and investing ₹50 crore in raw-material trading arm TICL.
Why it mattersThe amalgamation eliminates corporate redundancies and simplifies governance, while the TICL investment aims to improve operating margins (currently 14.3%) via bulk polymer discounts.
Time Technoplast stake in TPL Plastech: 74.86%Appointed date of merger: April 01, 2026Investment approved in TICL: up to ₹50 croresTICL investment vs Net Worth: ~1.76%Target stake in TICL: up to 65%
📅 Short termValuation details and share swap ratios will be the key market focus over the coming weeks as merchant bankers and valuers complete assessments.
📈 Long termConsolidation of TPL Plastech should streamline manufacturing operations and eliminate administrative overhead, supporting long-term operational efficiency.
⚠ Risk flags
- TICL transaction involves related parties (promoters subscribing to remaining 35%)
- Merger is subject to NCLT, shareholder, and statutory approvals with extended execution timelines
Key Highlights
In-principle approval for the merger of 74.86% listed subsidiary TPL Plastech with Time Technoplast with Appointed Date of April 01, 2026
Dropped the proposed acquisition of a 74% stake in Ebullient Packaging Private Limited (EPPL) with no financial loss to the company
Approved cash investment of up to ₹50 crore in tranches to acquire up to 65% equity in Time Intercontinental Limited (TICL)
TICL investment represents ~1.76% of Net Worth (₹2,841 Cr) aimed at securing bulk polymer purchase discounts
👀 What to Watch
Track upcoming board announcements regarding the valuation report, fairness opinion, and final swap ratio for TPL Plastech, alongside NCLT and regulatory filing approvals.
In-Principle Merger of 74.86% Sub TPL Plastech; Board Approves Up to ₹50 Cr Investment in TICL
Time Technoplast Limited has granted in-principle approval to merge its listed subsidiary, TPL Plastech Limited (74.86% holding), into itself with an appointed date of April 1, 2026 to optimize manufacturing operations and simplify group structure. The board also approved an equity investment of up to ₹50 crore in tranches over 12 months to acquire up to a 65% stake in Time Intercontinental Limited (TICL), a promoter-backed entity aimed at capturing bulk procurement discounts on polymers. Additionally, the company formally discontinued its earlier planned acquisition of a 74% stake in Ebullient Packaging Private Limited due to geopolitical shifts, confirming no financial loss.
Confidence: HIGH
What changedTTL initiated the consolidation of listed subsidiary TPL Plastech, cancelled the EPPL acquisition, and committed up to ₹50 crore to set up a polymer trading subsidiary.
Why it mattersThe merger simplifies group structure and reduces related-party transactions, while the TICL investment aims to improve raw material margins through volume discounts on polymer sourcing.
TPL Plastech stake held: 74.86%TICL investment value: up to Rs. 50 croresTICL stake to be acquired: up to 65%Merger appointed date: April 01, 2026Investment vs Net Worth: ~1.76%
📅 Short termFocus will remain on the determination of the swap ratio and market reaction to the corporate restructuring and capital allocation toward TICL.
📈 Long termConsolidation of TPL Plastech should streamline manufacturing footprints, reduce compliance burdens, and enhance procurement efficiencies across the core polymer packaging business.
⚠ Risk flags
- Related-party transaction considerations regarding investment in promoter-backed TICL
- Valuation and swap ratio acceptance by minority shareholders of TPL Plastech
- Regulatory and NCLT approval timelines
Key Highlights
Approved in-principle merger of 74.86% owned subsidiary TPL Plastech with appointed date of April 1, 2026
Approved up to ₹50 crore cash investment to acquire up to a 65% equity stake in Time Intercontinental Limited
Cancelled the proposed 74% acquisition of Ebullient Packaging Private Limited after MoU expiry with zero financial loss
Independent valuer and merchant banker being appointed to establish the swap ratio for TPL Plastech
👀 What to Watch
Track the upcoming board approval for the swap ratio/valuation report for TPL Plastech, alongside subsequent stock exchange and NCLT approval timelines.
₹2.48 Cr Order for NTPC's Hydrogen-Powered Locomotive Pilot Project
Time Technoplast has secured a ₹2.48 crore order to supply a complete Type IV Composite Cylinder Hydrogen Storage Cascade and Fuel Delivery System for NTPC's pilot hydrogen locomotive project. While the order value is small at approximately 0.04% of TTM revenue, it represents a significant technological validation for the company's indigenous hydrogen storage solutions. The project, to be executed within four months, involves high-pressure systems (350 bar) and marks the company's evolution from a component manufacturer to an integrated systems provider. This pilot is part of India's broader 'Make in India' push for hydrogen-powered rail technology.
Confidence: HIGH
What changedTime Technoplast has transitioned from being a manufacturer of composite cylinders to a provider of integrated high-pressure hydrogen storage and fuel delivery systems for the railway sector.
Why it mattersThis project validates the company's R&D capabilities in the high-growth green hydrogen mobility sector, potentially opening doors for larger contracts as India scales its Green Hydrogen ambitions.
Order value: ₹2.48 croreOrder vs TTM revenue: 0.04%Execution timeline: 4 monthsOperating pressure: 350 barR&D team size: 30+ people
📅 Short termThe announcement is sentimentally positive, showcasing the company's technical edge in a niche sector, though the immediate financial impact is negligible.
📈 Long termStructurally significant as it positions the company as a key player in the hydrogen value chain, supporting its strategy to increase the share of value-added products (currently 27% of revenue).
⚠ Risk flags
- Very small order size relative to total operations
- Execution risk associated with pilot-stage technology
Key Highlights
Secured order worth ₹2.48 crore for NTPC's hydrogen-powered locomotive pilot project
Execution timeline is short, with completion expected within four months
System utilizes indigenously developed Type IV composite cylinders operating at 350 bar
Order awarded through EPC partner Concorde Control Systems Limited
Supported by an in-house R&D team of over 30 experienced professionals
👀 What to Watch
Monitor the successful execution of this pilot project within the four-month timeline as it serves as a critical reference for future large-scale tenders in the railway and heavy commercial vehicle sectors.
25% Revenue Growth in Q1 FY27; CNG Composite Cylinders Grow 29.3%
Time Technoplast reported a robust Q1 FY27 with revenue rising 25% YoY to ₹1,693.8 Cr and PAT increasing 22.2% to ₹116.2 Cr. Volume growth of 11.3% was significantly outpaced by revenue growth, reflecting improved product mix and pricing power. The company reduced net debt by ₹89.7 Cr during the quarter and maintained a strong ROCE of 18.9%. A combined order book of ₹810 Cr across packaging, CNG, and pipes provides clear near-term visibility.
Confidence: HIGH
What changedThe company demonstrated a successful shift toward value-added products and aggressive debt reduction, supported by a 25% jump in quarterly revenue.
Why it mattersThe focus on high-margin composite cylinders (CNG/Hydrogen) and operational efficiency through automation is designed to structurally improve ROCE by 1.5-2.0% annually.
Q1 FY27 Revenue: ₹1,693.8 CrPAT Growth (YoY): 22.2%Net Debt Reduction: ₹89.7 CrTotal Order Book: ₹810 CrOrder Book vs TTM Revenue: 13.3%Asset Monetization Target: ₹125 Cr
📅 Short termPositive sentiment is expected as the company beat volume growth with higher revenue and profit growth, alongside meaningful debt reduction.
📈 Long termThe transition to Type-III and Type-IV composite cylinders for Hydrogen and CNG applications positions the company as a high-tech player in the green energy supply chain.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Raw material price volatility (polymers) linked to crude oil
- Geopolitical risks affecting the 35% overseas revenue contribution
Key Highlights
Revenue increased 25% YoY to ₹1,693.8 Cr in Q1 FY27
CNG Composite Cylinder segment recorded high growth of 29.3% YoY
Net debt reduced by ₹89.7 Cr in Q1 FY27 through internal accruals
Total order book stands at ₹810 Cr, including ₹390 Cr for packaging and ₹185 Cr for CNG cascades
Non-core asset monetization target of ₹125 Cr set for the next 18-24 months
👀 What to Watch
Monitor the execution of the ₹810 Cr order book and the impact of automation capex on EBITDA margins in upcoming quarters. Watch for the final decision on the Ebullient Packaging acquisition which is currently under extended review.
₹1,692 Cr Q1 Revenue: Time Technoplast Reports 25% YoY Growth and Board Reconstitution
Time Technoplast reported a strong start to FY27 with consolidated revenue growing 25.1% YoY to ₹1,692.71 Cr. Net profit for the quarter ended June 30, 2026, rose 22.1% YoY to ₹117.86 Cr, supported by a significant contribution from the Composite Products segment (₹619.99 Cr). However, operating EBITDA margins saw a contraction to 13.31% compared to 14.47% in the same quarter last year. The company also strengthened its board by appointing two new Independent Directors and fixed September 15, 2026, as the record date for the final dividend.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results and reconstituted its board committees following the appointment of two new Independent Directors, Mr. Devendra Jitendra Shah and Mrs. Hema Rajendra Gaitonde.
Why it mattersThe 25% revenue growth exceeds the company's long-term guidance of 15%, and the reduction in debt-to-equity to 0.13 strengthens the balance sheet for future expansions in the CNG composite cylinder market.
Q1 Revenue: ₹1,692.71 CrRevenue vs TTM Revenue: ~27.7%Q1 Net Profit: ₹117.86 CrOperating EBITDA Margin: 13.31%Debt-to-Equity Ratio: 0.13Dividend Record Date: September 15, 2026
📅 Short termThe stock may react positively to the strong top-line growth and improved leverage ratios, though the slight dip in EBITDA margins may temper the upside.
📈 Long termThe structural shift toward composite products (36.6% of revenue) is a positive indicator for the company's goal of increasing value-added product share, which is critical for long-term re-rating.
⚠ Risk flags
- Operating margin contraction of 116 bps YoY
- Raw material price volatility affecting polymer input costs
Key Highlights
Consolidated revenue increased 25.1% YoY to ₹1,692.71 Cr from ₹1,352.65 Cr.
Net profit grew to ₹117.86 Cr, up from ₹96.55 Cr in the year-ago period.
Composite Products segment revenue reached ₹619.99 Cr, now accounting for 36.6% of total revenue.
Debt-to-Equity ratio improved significantly to 0.13 from 0.20 in June 2025.
Final dividend record date set for September 15, 2026, with the AGM scheduled for September 22, 2026.
👀 What to Watch
Investors should monitor the operating EBITDA margin trend to see if the increasing share of value-added composite products can eventually offset the current margin compression. Watch for the execution of the identified ₹250 Cr FIBC acquisition mentioned in previous strategy updates to further improve procurement synergies.
Time Technoplast Q1 Revenue Up 25% to ₹1,693 Cr; Appoints Two Independent Directors
Time Technoplast reported a strong Q1 FY27 with consolidated revenue growing 25.1% YoY to ₹1,692.71 Cr. Net profit increased by 22.1% YoY to ₹117.86 Cr, driven by growth in the Composite Products segment which rose to ₹619.99 Cr. The company also strengthened its board by appointing Mrs. Hema Rajendra Gaitonde and Mr. Devendra Jitendra Shah as Independent Directors for 5-year terms. A final dividend record date has been set for September 15, 2026.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing double-digit growth and reconstituted its board committees following the appointment of two new independent directors.
Why it mattersThe strong revenue growth (25% YoY) and the increasing contribution of composite products validate the company's strategy to shift toward value-added segments, which typically offer better margins and growth potential.
Q1 FY27 Revenue: ₹1,692.71 CrQ1 Revenue vs TTM Revenue: 27.7%Q1 FY27 Net Profit: ₹117.86 CrOperating EBITDA Margin: 13.31%Dividend Record Date: September 15, 2026
📅 Short termThe stock is likely to react positively to the 22% YoY profit growth and the announcement of the dividend record date.
📈 Long termStructural growth remains tied to the expansion of the CNG composite cylinder market and the successful integration of the planned FIBC acquisition to leverage procurement discounts.
⚠ Risk flags
- Raw material (polymer) price volatility
- Global logistics risks affecting 34% overseas revenue share
Key Highlights
Consolidated revenue for Q1 FY27 reached ₹1,692.71 Cr, a 25.1% increase from ₹1,352.65 Cr in Q1 FY26
Net profit for the quarter rose to ₹117.86 Cr, up from ₹96.55 Cr in the same period last year
Composite Products segment revenue grew 26.2% YoY to ₹619.99 Cr
Operating EBITDA margin stood at 13.31% for the quarter ended June 30, 2026
Two Independent Directors appointed for a 5-year term effective August 05, 2026
👀 What to Watch
Monitor the continued scaling of the high-margin Composite Products segment (CNG/LPG cylinders) and the impact of polymer price volatility on EBITDA margins in upcoming quarters.
25% Revenue Growth in Q1 FY27 to ₹1,692 Cr; Time Technoplast Appoints Two New Directors
Time Technoplast reported a strong start to FY27 with Q1 revenue growing 25.1% YoY to ₹1,692.71 cr, driven by robust performance in both polymer and composite segments. Net profit for the quarter rose 22.1% YoY to ₹117.86 cr, although Operating EBITDA margins saw a contraction to 13.31% from 14.47% in the year-ago period. The company strengthened its board by appointing two Independent Directors, Mr. Devendra Jitendra Shah and Mrs. Hema Rajendra Gaitonde, for five-year terms. Additionally, the board fixed September 15, 2026, as the record date for the final dividend payment.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing strong double-digit growth and reconstituted its board committees following the appointment of two new Independent Directors.
Why it mattersThe strong growth in the composite segment aligns with the company's strategy to increase value-added product share, while the improved debt-to-equity ratio (0.13) indicates a strengthening balance sheet.
Revenue (Q1 FY27): ₹1,692.71 crNet Profit (Q1 FY27): ₹117.86 crOperating EBITDA Margin: 13.31%Debt-to-Equity Ratio: 0.13Dividend Record Date: September 15, 2026
📅 Short termThe stock is likely to react positively to the 25% revenue growth and 22% profit growth, though the 116 bps margin contraction may be a point of scrutiny.
📈 Long termThe structural shift toward composite products and a cleaner balance sheet support the company's long-term growth target of 15% and margin expansion goals.
⚠ Risk flags
- Operating margin contraction (13.31% vs 14.47% YoY)
- Raw material price volatility impacting polymer segment costs
Key Highlights
Revenue from operations increased 25.1% YoY to ₹1,692.71 cr in Q1 FY27.
Net profit grew 22.1% YoY to ₹117.86 cr from ₹96.55 cr in Q1 FY26.
Composite Products segment revenue reached ₹619.97 cr, contributing 36.6% to total revenue.
Debt-to-Equity ratio improved to 0.13 as of June 30, 2026, compared to 0.20 a year ago.
Appointed two Independent Directors for a 5-year term effective August 05, 2026.
👀 What to Watch
Investors should monitor the EBITDA margin trajectory in upcoming quarters to see if the company can offset raw material volatility, and track the continued growth of the high-margin composite cylinder business.
25% Revenue Growth in Q1 FY27; Time Technoplast Reports ₹117.86 Cr PAT
Time Technoplast reported a strong Q1 FY27 with revenue increasing 25.1% YoY to ₹1,692.71 cr and PAT rising 22.1% to ₹117.86 cr. While top-line growth was robust, operating EBITDA margins contracted to 13.31% from 14.47% in the year-ago period. The company also announced the appointment of two new Independent Directors and set September 15, 2026, as the record date for the final dividend. The balance sheet continues to de-leverage, with the debt-equity ratio improving to 0.13.
Confidence: HIGH
What changedThe company released its Q1 FY27 results showing strong double-digit growth and appointed two new Independent Directors to the board.
Why it mattersThe results validate the company's shift toward high-value composite products (like CNG cylinders), which now represent a larger share of the business, while maintaining a very healthy debt-to-equity profile.
Revenue (Q1 FY27): ₹1,692.71 crNet Profit (Q1 FY27): ₹117.86 crOperating EBITDA Margin: 13.31%Debt-Equity Ratio: 0.13Dividend Record Date: September 15, 2026
📅 Short termThe stock is likely to see positive sentiment due to the 25% revenue growth and 22% profit growth, which exceeds the company's general 15% growth guidance.
📈 Long termThe structural shift toward the Composite Products segment and the reduction in debt levels are positive indicators for long-term value creation and potential re-rating.
⚠ Risk flags
- Operating margin contraction (13.31% vs 14.47% YoY)
- Sensitivity to polymer prices linked to crude oil volatility
Key Highlights
Revenue from operations grew 25.1% YoY to ₹1,692.71 cr for the quarter ended June 30, 2026
Net Profit after tax increased by 22.1% YoY to ₹117.86 cr
Composite Products segment revenue reached ₹619.97 cr, now contributing ~36.6% of total revenue
Debt-Equity ratio improved significantly to 0.13 from 0.20 in the previous year's corresponding quarter
Fixed September 15, 2026, as the Record Date for the final dividend payment for FY 2025-26
👀 What to Watch
Investors should monitor the margin trajectory in upcoming quarters to see if the 116 bps YoY contraction is temporary or a result of raw material volatility, and track the progress of the proposed ₹250 cr FIBC acquisition.
Time Technoplast Q1 FY27: Revenue up 25% YoY to ₹1,693 Cr; PAT grows 22% to ₹118 Cr
Time Technoplast reported a strong 25.1% YoY revenue growth for Q1 FY27, reaching ₹1,692.71 Cr, driven by growth in both polymer and composite segments. Net profit increased 22.1% YoY to ₹117.86 Cr, although it saw a sequential decline of 12.2% from Q4 FY26. Operating EBITDA margins contracted to 13.31% from 14.47% a year ago, indicating some pressure on profitability despite higher volumes. The board has fixed September 15, 2026, as the record date for the final dividend for FY26.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results, appointed two new independent directors, and finalized the record date for its annual dividend.
Why it mattersThe results demonstrate continued strong growth in the high-margin composite products segment and a strengthening balance sheet with reduced leverage, supporting the company's 15% growth target.
Revenue (Q1 FY27): ₹1,692.71 CrNet Profit (Q1 FY27): ₹117.86 CrEBITDA Margin: 13.31%Debt-to-Equity Ratio: 0.13Dividend Record Date: September 15, 2026
📅 Short termThe stock may see positive sentiment due to robust YoY revenue and profit growth, though the sequential profit dip and margin contraction might temper the rally.
📈 Long termThe structural shift towards value-added composite products (CNG/LPG cylinders) and expansion into export markets remains a key long-term growth driver.
⚠ Risk flags
- Operating margin contraction of 116 bps YoY
- Sequential (QoQ) net profit decline of 12.2%
- Raw material price volatility affecting polymer costs
Key Highlights
Revenue from operations grew 25.1% YoY to ₹1,692.71 Cr compared to ₹1,352.65 Cr in Q1 FY26
Net profit after tax rose 22.1% YoY to ₹117.86 Cr from ₹96.55 Cr in the same period last year
Composite products segment revenue reached ₹619.97 Cr, now contributing 36.6% of total revenue
Debt-to-Equity ratio improved significantly to 0.13 from 0.20 in the year-ago quarter
Operating EBITDA margin stood at 13.31%, a contraction from 14.47% in Q1 FY26
👀 What to Watch
Investors should monitor the recovery in EBITDA margins in upcoming quarters and track the progress of the ₹89.37 Cr automation capex aimed at improving manufacturing efficiency.
Rs 38.14 Cr Order from HPCL for 1.4 Lakh Composite LPG Cylinders
Time Technoplast has secured a domestic contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1,40,000 Type IV composite LPG cylinders. The order is valued at approximately Rs 38.14 crore and is scheduled for execution within the next six months. While the order represents a modest 0.62% of the company's TTM revenue, it utilizes roughly 10% of its total annual LPG cylinder capacity (1.4 million units). This win is strategically significant as it aligns with the company's goal to grow its value-added product segment, which currently contributes 27% of total revenue.
Confidence: HIGH
What changedTime Technoplast has transitioned from general supply to a specific, high-volume contract with HPCL that leverages modern quick-commerce distribution channels.
Why it mattersThis reinforces the company's leadership in the composite cylinder market and validates the shift from traditional steel cylinders to higher-margin, value-added composite products.
Order Value: Rs 38.14 CrOrder vs TTM Revenue: 0.62%Quantity: 1,40,000 unitsExecution Period: 6 monthsAnnual LPG Cylinder Capacity: 1.4 million units
📅 Short termThe order provides revenue visibility for the value-added segment over the next two quarters and may boost sentiment regarding the company's PSU relationships.
📈 Long termThe adoption of composite cylinders by OMCs for quick-commerce delivery suggests a structural growth runway for this product line, potentially improving overall operating margins.
⚠ Risk flags
- Raw material (polymer) price volatility could impact margins if not fully passed through
- Execution risk within the relatively short 6-month delivery window
Key Highlights
Secured a Government e-Marketplace (GeM) contract worth approximately Rs 38.14 crore from HPCL.
Order involves the supply of 1,40,000 units of 10 kg Type IV Composite LPG Cylinders.
Execution timeline is strictly defined as within six months from the order date.
The order supports the company's 15% growth target for value-added segments like composite cylinders.
HPCL is integrating these cylinders into a new quick-commerce distribution model for on-demand delivery.
👀 What to Watch
Monitor the execution progress over the next two quarters and watch for similar volume-based orders from other Oil Marketing Companies (OMCs) as they adopt composite cylinders.
Time Technoplast Confirms Supply of Type IV Composite Cylinders for HPCL-Instamart Tie-up
Time Technoplast has clarified its role as the supplier of Type IV Composite LPG Cylinders for the newly announced partnership between HPCL and Instamart. The initiative, branded as 'HP Navya', launches India's first on-demand LPG delivery service via quick commerce, starting in Bengaluru. While currently a pilot project, this validates the company's high-margin composite cylinder technology in a new consumer-facing distribution channel. The company currently operates its 1.4 million unit LPG cylinder capacity at 90% utilization.
Confidence: HIGH
What changedTime Technoplast's composite cylinders are now being utilized in a first-of-its-kind quick-commerce delivery model through a partnership with HPCL.
Why it mattersThis provides a high-visibility growth avenue for the company's value-added segment (27% of revenue) and leverages its position as a global leader in composite cylinder technology.
LPG Cylinder Capacity: 1.4 million unitsCapacity Utilization: 90%Value-added Revenue Share: 27%TTM Revenue: ₹6106 CrAutomation Capex: ₹89.37 Cr
📅 Short termThe news is likely to be viewed positively by the market as it demonstrates real-world application and high-profile adoption of the company's specialized products.
📈 Long termIf the quick-commerce model for LPG scales nationally, it could lead to a structural shift in the company's product mix toward higher-margin composite cylinders.
⚠ Risk flags
- Pilot project stage (commercial scale-up not guaranteed)
- Dependency on HPCL and Instamart's operational success
- Raw material (polymer) price volatility
Key Highlights
Confirmed supplier of Type IV Composite LPG Cylinders for the HPCL-Instamart quick-commerce initiative.
Current LPG cylinder manufacturing capacity is 1.4 million units with 90% utilization.
Value-added products, including composite cylinders, currently contribute 27% to total revenue.
The initiative targets a wider consumer base by not requiring a formal domestic LPG connection for orders.
Ongoing automation capex of ₹89.37 Cr is aimed at improving manufacturing efficiency for such products.
👀 What to Watch
Monitor the success of the Bengaluru pilot and subsequent rollout to other metros, as this could significantly increase the volume of high-margin composite cylinders compared to traditional metal ones.
Time Technoplast to Acquire 76% Stake in Systoverse Pvt Ltd for Rs 25 Crore Total Investment
Time Technoplast Limited (TTL) has signed a Share Purchase Agreement to acquire a 76% stake in Systoverse Private Limited (SPL), a Maharashtra-based manufacturer of HDPE pipes and sprinkler systems. The total projected investment is approximately Rs. 25 Crores, which covers the equity acquisition cost of Rs. 1.52 Crores plus significant capital expenditure for plant modernization and capacity expansion. This acquisition provides TTL with a strategic manufacturing presence in Maharashtra and adds 3,600 MT of annual pipe manufacturing capacity. Following the transaction, SPL will become a subsidiary of Time Technoplast.
Key Highlights
Acquisition of 76% equity stake in Systoverse Private Limited for a cash consideration of Rs. 1.52 Crores.
Total investment commitment of Rs. 25 Crores including capex for plant upgradation, modernization, and capacity expansion.
Target company SPL possesses an annual manufacturing capacity of 3,600 Metric Tonnes (M.T.) for HDPE pipes.
Strategic geographic expansion into Maharashtra with a facility located at Nardana MIDC, Dhule.
SPL's turnover has seen a significant decline from Rs. 26.88 Crores in FY24 to Rs. 1.41 Crores in FY26, suggesting a turnaround play.
👀 What to Watch
Investors should monitor the integration process and how TTL utilizes the new capacity to reverse SPL's recent revenue decline. The low acquisition cost relative to the total capex suggests TTL is buying assets to scale rather than buying existing cash flows.
Time Technoplast FY26 PAT Jumps 21% to ₹4,687 Mn; Debt Reduced by ₹4,087 Mn
Time Technoplast reported its highest-ever annual performance for FY26, with revenue growing 12% to ₹61,144 Mn and PAT increasing 21% to ₹4,687 Mn. The company significantly strengthened its balance sheet by reducing net debt by ₹4,087 Mn and achieving a ROCE of 18.9%. Growth was driven by value-added products, which grew 18% YoY, and a strong order book of ₹4,600 Mn across CNG cascades and PE pipes. The board also recommended a 150% dividend of ₹1.50 per share.
Key Highlights
FY26 Revenue grew 12% to ₹61,144 Mn, while PAT surged 21% to ₹4,687 Mn.
Net debt reduced by ₹4,087 Mn in FY26, significantly improving the company's leverage profile.
Value-added products grew 18% YoY, supporting a consolidated EBITDA margin of 14.7%.
Strong order book of ₹1,950 Mn for CNG Cascades and ₹2,650 Mn for PE Pipes as of year-end.
Identified ₹134 Cr worth of non-core assets for disposal to further improve ROCE and margins.
👀 What to Watch
Investors should view the significant debt reduction and the shift toward high-margin composite cylinders as strong long-term catalysts. The stock remains attractive for those looking for industrial growth backed by improving capital efficiency and a robust order book.
Time Technoplast FY26 Net Profit Rises 21% to ₹477 Cr; Proposes ₹1.50 Dividend
Time Technoplast reported a strong financial performance for the fiscal year ended March 31, 2026, with consolidated revenue growing 12% to ₹6,105 crore. Net profit surged 21% year-on-year to ₹477 crore, driven by growth in both polymer and composite product segments. The company recommended a final dividend of ₹1.50 per share (150% of face value) and successfully integrated proceeds from its ₹800 crore QIP conducted during the year. Operational efficiency is evident as EBITDA margins improved slightly to 14.74% for the full year.
Key Highlights
Consolidated Revenue from Operations increased 11.9% YoY to ₹6,10,520 Lakhs in FY26.
Net Profit After Tax (PAT) grew by 20.8% to ₹47,661 Lakhs from ₹39,445 Lakhs in the previous year.
Recommended a final dividend of ₹1.50 per equity share of face value ₹1 for FY26.
Composite Products segment results rose significantly to ₹29,449 Lakhs from ₹24,234 Lakhs YoY.
Earnings Per Share (EPS) increased to ₹9.99 from ₹8.55 (adjusted for the 1:1 bonus issue).
👀 What to Watch
Investors should note the strong growth in the high-margin composite segment and the improved debt-to-equity ratio of 0.16. The stock remains attractive due to consistent profit growth and a healthy dividend payout following a successful capital raise.
Time Technoplast Recommends ₹1.50 Dividend; FY26 Net Profit Rises 21% to ₹477 Crore
Time Technoplast reported a robust performance for FY26, with consolidated revenue growing 11.9% YoY to ₹6,105.2 crore. Net profit for the fiscal year increased by 20.8% to ₹476.6 crore, driven by growth in both Polymer and Composite product segments. The Board has recommended a final dividend of ₹1.50 per share (150% of face value), reflecting strong cash flow. During the year, the company also strengthened its balance sheet through an ₹800 crore QIP and a 1:1 bonus issue.
Key Highlights
Recommended a final dividend of ₹1.50 per equity share (150%) for the financial year ended March 31, 2026.
Consolidated annual revenue increased to ₹6,105.2 crore in FY26 from ₹5,457 crore in FY25.
Net Profit after tax surged 20.8% year-on-year to ₹476.6 crore for the full year.
Operating EBITDA margin improved to 14.74% in FY26 compared to 14.47% in the previous fiscal year.
Basic EPS for the year rose to ₹9.99 from ₹8.55, adjusted for the 1:1 bonus issue completed in September 2025.
👀 What to Watch
Investors should take note of the consistent dividend payout and the double-digit growth in both revenue and profitability. The successful ₹800 crore fundraise via QIP provides significant headroom for future expansion in high-margin segments.
Time Technoplast FY26 Net Profit Rises 21% to ₹477 Cr; Recommends ₹1.50 Dividend
Time Technoplast reported a strong financial performance for the fiscal year ended March 31, 2026, with consolidated revenue growing 12% YoY to ₹6,105 crore. Net profit for the year surged 21% to ₹477 crore, supported by improved operating margins of 14.74%. The company also recommended a final dividend of ₹1.50 per share (150% of face value). Growth was particularly notable in the Composite Products segment, which saw revenue increase by over 16% during the year.
Key Highlights
Consolidated Revenue for FY26 increased 11.9% YoY to ₹6,10,520 Lakhs compared to ₹5,45,704 Lakhs in FY25
Net Profit After Tax for FY26 rose 20.8% YoY to ₹47,661 Lakhs from ₹39,445 Lakhs
Recommended a final dividend of ₹1.50 per equity share (150%) for FY26
Composite Products segment revenue grew significantly to ₹2,28,604 Lakhs in FY26 from ₹1,96,387 Lakhs
Net Profit Margin improved to 7.79% in FY26 compared to 7.22% in the previous fiscal year
👀 What to Watch
Investors should view the consistent margin expansion and the double-digit growth in the high-margin composite segment as positive indicators. The stock remains attractive for long-term holders given the healthy dividend payout and strong balance sheet following the ₹800 crore QIP.
Time Technoplast Gets PESO Approval for India's First 250L Type IV Hydrogen Cylinders
Time Technoplast has become the first company in India to receive PESO approval for the design and manufacturing of 250-litre high-pressure Type IV composite hydrogen cylinders. These cylinders are designed for onboard applications in heavy vehicles like buses and trucks, operating at high pressures of 350-700 bar. The company's composite segment is already performing strongly, reporting revenues of ₹555 crores in 9MFY26. A 90-day validation phase for prototype testing is now underway at their automated Morai facility.
Key Highlights
First Indian company to secure PESO approval for 250-litre Type IV composite hydrogen cylinders.
Cylinders designed for high-pressure (350-700 bar) applications in buses, trucks, and trailers.
Composite segment recorded strong revenue of ₹555 crores during 9MFY26.
Prototype validation and joint inspection phase expected to be completed within 90 days.
Expands existing hydrogen portfolio which already includes 150-litre Type IV and drone-specific Type III cylinders.
👀 What to Watch
This approval gives Time Technoplast a first-mover advantage in India's green hydrogen transition. Investors should monitor the successful completion of the 90-day validation period and potential supply contracts from commercial vehicle manufacturers.
