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TIMETECHNO - Time Technoplast

📊 NSE: TIMETECHNO 🏢 Plastics Products 📅 Last Updated: 12/14/2025 14:24

📢 Recent Corporate Announcements

Time Technoplast Reports Normal Global Operations; 9MFY26 Revenue Grows to ₹4,433 Cr

🔵 WATCH ⭐ 7/10

OTHER 📅 05 Mar 2026, 06:21 PM

Time Technoplast has provided an update on its global operations amid geopolitical tensions in the Middle East and Europe. Despite a 20% surge in polymer prices over the last 45 days and rising freight costs, the company reports normal operations across its 10 international markets. For 9MFY26, revenue reached ₹4,433 Cr compared to ₹3,992 Cr in 9MFY25, with overseas operations contributing 36% of the total. The company is mitigating risks by maintaining 60-70 days of inventory and passing on cost increases to B2B customers to protect absolute EBITDA.

9MFY26 consolidated revenue increased to ₹4,433 Cr from ₹3,992 Cr in the previous year.
Polymer prices have spiked by approximately 20% in the last 45 days due to global oil and gas volatility.
Industrial Packaging segment, which accounts for 74% of revenue, successfully passes price adjustments to customers.
Maintains a strategic inventory level of 60-70 days and a 50/50 mix of local and imported raw material sourcing.
Operations in the Middle East and North Africa (MENA) remain normal with negligible impact on margins expected.

💡 Investors should monitor the company's margin stability in the upcoming quarters to ensure the 20% polymer price hike is fully absorbed by customers. The steady growth in the Composite segment (13% of revenue) remains a key long-term value driver.

Time Technoplast to Attend Investec Promoter & Founder Conference on March 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Mar 2026, 12:04 PM

Time Technoplast Limited has scheduled an interaction with institutional investors and analysts on March 10, 2026. The company will be participating in the Investec Promoter & Founder Conference 2026 held in Mumbai. The meetings are set to take place between 10:00 a.m. and 05:00 p.m. through physical group and one-on-one sessions. The management has confirmed that no unpublished price sensitive information will be shared during these discussions.

Participation in the Investec Promoter & Founder Conference 2026 in Mumbai.
Scheduled for March 10, 2026, with sessions from 10:00 a.m. to 05:00 p.m.
Includes both physical Group and One-on-One meeting formats.
Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 This is a routine investor engagement activity and requires no immediate action. Investors may look for any post-event presentations or transcripts that the company might release for insights into future growth plans.

Time Technoplast Releases Q3 & 9MFY26 Earnings Conference Call Transcript

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 17 Feb 2026, 04:37 PM

Time Technoplast Limited has officially released the transcript of its conference call held on February 13, 2026, concerning the Q3 and 9MFY26 financial results. The transcript provides a detailed record of the management's discussion with analysts and institutional investors regarding the company's operational performance. This disclosure is a routine regulatory requirement under SEBI LODR Regulations to ensure transparency. Investors can access the full dialogue to understand management's perspective on growth drivers and market challenges.

Transcript pertains to the earnings call held on February 13, 2026, for Q3 and 9MFY26 results.
The document is published in compliance with Regulation 30 and 46 of SEBI LODR Regulations.
Provides qualitative details on business segments including industrial packaging and composite cylinders.
The full transcript is accessible via the company's official investor relations website link.

💡 Investors should read the transcript to identify management's guidance on margin improvements and the scaling of the composite cylinder business. It is a vital resource for understanding the nuances behind the reported financial numbers.

Time Technoplast Bags First Trial Order of ₹2.30 Cr for Type IV Hydrogen Storage Systems

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 14 Feb 2026, 02:42 PM

Time Technoplast has secured its first trial order worth approximately ₹2.30 crore for the supply of Type IV Composite Hydrogen Storage Systems. The order was received through an EPC contractor for a Navaratna PSU in the energy sector, with the end-use application designated for the Indian Armed Forces. This project involves a hydrogen cascade storage system with a 200 kg capacity at 250 bar. This milestone is strategically significant as the company prepares for full-scale commercial production of high-pressure composite cylinders in Q1 FY 2026-27.

First trial order valued at approximately ₹2.30 crore for advanced Type IV composite cylinders.
Order serves a Navaratna PSU and the Indian Armed Forces, marking entry into strategic defense infrastructure.
System specifications include a usable capacity of 200 kg at 250 bar with integrated safety devices.
Commercial production for the high-pressure composite cylinder project is expected to start in Q1 FY 2026-27.
The order is to be executed within a one-year timeframe.

💡 Investors should view this as a positive technological validation in the high-growth green hydrogen storage space. Monitor the successful commencement of commercial production in Q1 FY 2026-27 as a primary growth catalyst.

Time Technoplast Releases Q3 & 9MFY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 13 Feb 2026, 06:16 PM

Time Technoplast Limited has released the audio recording of its conference call held on February 13, 2026. The call was conducted to discuss the company's financial performance for the third quarter and the first nine months of FY26. This disclosure ensures transparency by providing all stakeholders access to management's commentary and responses to analyst queries. The recording is available on the company's official website in compliance with SEBI LODR regulations.

Audio recording of the Q3 & 9MFY26 earnings call is now publicly accessible via the company website.
The conference call took place on February 13, 2026, following the quarterly results announcement.
Filing is made under Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The recording provides insights into management's perspective on the company's 9MFY26 operational performance.

💡 Investors should listen to the recording to understand management's guidance on the composite cylinder segment and margin sustainability. It is a useful tool for qualitative analysis of the company's growth trajectory.

Time Technoplast Q3 PAT Jumps 25% YoY; Debt Slashed by ₹3,801 Mn in 9MFY26

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 08:55 PM

Time Technoplast reported a robust Q3FY26 with PAT rising 25% YoY to ₹1,263 Mn and revenue growing 13% to ₹15,671 Mn. A major highlight is the aggressive deleveraging, with total debt reduced by ₹3,801 Mn in 9MFY26 to ₹2,664 Mn, supported by QIP proceeds. The company is successfully shifting its mix toward value-added products, which grew 19% in Q3, and has achieved a Return on Capital Employed (ROCE) of 18.6%. Management has set a 20% ROCE target for FY26, driven by operational consolidation and expansion into high-growth segments like CNG cascades and hydrogen storage.

Q3FY26 PAT increased 25% YoY to ₹1,263 Mn with EBITDA margins improving to 15.0%.
Total debt significantly reduced from ₹6,465 Mn in FY25 to ₹2,664 Mn as of December 2025.
Value-added products grew by 19% in Q3FY26, outpacing established products which grew at 11%.
Strong order book maintained with ₹1,650 Mn in Composite Cylinders (CNG) and ₹2,750 Mn in PE Pipes.
Successfully flight-tested India's first hydrogen-powered drone with integrated Type-III composite cylinders.

💡 The significant debt reduction and focus on high-margin composite products make the company's balance sheet much healthier. Investors should watch for the commissioning of the Morai CNG plant in Q4FY26 as a key growth catalyst.

Time Technoplast Reports Nil Deviation in Fund Utilization for Period Ending Dec 2025

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 12 Feb 2026, 08:27 PM

Time Technoplast Limited has submitted its mandatory statement of deviation or variation under Regulation 32 of SEBI (LODR) Regulations. The filing confirms that funds raised through previous issues have been utilized strictly for the purposes outlined in the offer documents. No deviations or variations in the deployment of capital were reported for the period. This routine disclosure maintains transparency regarding the company's capital management and corporate governance.

Compliance filing under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Statement confirms zero deviation or variation in the use of proceeds from the objects stated in offer documents.
The report was signed by Bharat Kumar Vageria on February 12, 2026.
Ensures management accountability for funds raised through public or preferential issues.

💡 This is a routine regulatory filing with no material impact on stock valuation. Investors should focus on the company's upcoming quarterly earnings and operational growth in the industrial packaging segment.

Time Technoplast Q3 Net Profit Jumps 25.5% YoY to ₹128.5 Cr; Debt-to-Equity Drops to 0.07

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 08:24 PM

Time Technoplast reported a strong set of numbers for Q3 FY26, with consolidated revenue growing 12.7% YoY to ₹1,564.77 crore. Net profit surged 25.5% YoY to ₹128.52 crore, supported by a significant reduction in finance costs and improved operating margins. A key highlight is the drastic improvement in the balance sheet, with the debt-to-equity ratio falling to 0.07 from 0.23 a year ago, following a successful ₹800 crore QIP. The Composite Products segment continues to be a growth driver, with revenue increasing 15.3% YoY.

Consolidated Net Profit rose 25.5% YoY to ₹128.52 crore in Q3 FY26.
Revenue from operations increased 12.7% YoY to ₹1,564.77 crore compared to ₹1,387.74 crore in Q3 FY25.
Operating EBITDA margin expanded to 15.05% from 14.56% YoY.
Debt-to-Equity ratio significantly improved to 0.07 from 0.23 YoY following ₹800 crore QIP fundraise.
Composite Products segment revenue grew 15.3% YoY to ₹590.73 crore, showing higher growth than the Polymer segment.

💡 The stock remains a positive play on the shift towards composite cylinders and industrial packaging, backed by a now nearly debt-free balance sheet. Investors should monitor the utilization of the remaining ₹460 crore QIP proceeds for planned capital expenditure and inorganic growth.

Time Technoplast Schedules Q3 & 9MFY26 Earnings Conference Call for February 13

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Feb 2026, 04:01 PM

Time Technoplast Limited has scheduled its earnings conference call for Friday, February 13, 2026, at 16:00 IST. The call will focus on the company's financial performance for the third quarter and the nine-month period of FY26. Senior management, including Managing Director Bharat Kumar Vageria, will be present to discuss results and answer investor queries. This is a standard procedural announcement following the conclusion of the reporting period.

Earnings call scheduled for February 13, 2026, at 4:00 PM IST.
Management will discuss Q3 and 9MFY26 financial results.
Key speakers include MD Bharat Kumar Vageria and Whole-time Director Raghupathy Thyagarajan.
Primary dial-in numbers for the call are +91 22 6280 1202 and +91 22 7115 8103.

💡 Investors should listen to the call for management's commentary on demand trends in the polymer products segment and updates on the high-growth composite cylinder business. Monitoring the call will provide clarity on the company's guidance for the final quarter of FY26.

Time Technoplast Subsidiary Partners with Monbat AD for ₹4,000 Cr Battery Opportunity

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 04 Feb 2026, 09:00 AM

Time Technoplast's subsidiary, PowerBuild Batteries, has entered into an exclusive distribution and collaboration agreement with European battery manufacturer Monbat AD. This partnership focuses on supplying advanced VRLA battery solutions to India's rapidly growing data centre and BFSI sectors. The company identifies a total market opportunity of approximately ₹3,500-4,000 crore over the next decade, driven by massive digital infrastructure investments. This move aligns with the 'Make in India' initiative and leverages Monbat's global technology with PowerBuild's domestic service network.

Exclusive distribution rights for Monbat's advanced VRLA stationary and reserve power batteries in India.
Targets a projected market opportunity of ₹3,500-4,000 crore over the next 10 years.
Capitalizes on India's data centre capacity growth, expected to add 3.0-3.5 GW over the next decade.
Supported by an estimated ₹2.3-2.5 lakh crore investment in the Indian data centre sector.
PowerBuild to provide pan-India technical support, installation, and after-sales services.

💡 Investors should monitor the company's ability to secure contracts within the hyperscale data centre segment as this partnership opens a high-growth revenue stream. The stock may see positive sentiment due to the large addressable market and strategic alignment with India's digital infrastructure boom.

Time Technoplast Submits SEBI Compliance Certificate for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 01:21 PM

Time Technoplast Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited (the Registrar and Share Transfer Agent), confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed according to regulations. This includes the mutilation and cancellation of physical certificates and the updating of depository names in the register of members. This is a standard procedural filing required by Indian stock exchanges to ensure the integrity of shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation provided by Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited.
Securities received for dematerialization were confirmed/rejected and listed on relevant stock exchanges.
Physical security certificates were mutilated and cancelled after due verification within prescribed timelines.

💡 This is a routine regulatory filing confirming administrative compliance regarding share dematerialization. No action is required from investors as it does not impact the company's fundamentals or financial performance.

Time Technoplast Gets PESO Approval for Type-3 Composite Cylinders; First in India

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 01 Jan 2026, 05:10 PM

Time Technoplast has received approval from PESO and TUV Rheinland for manufacturing 2-litre Type-3 fully wrapped fibre reinforced composite cylinders. This makes them the first company in India to receive approval for various high-pressure gases, targeting the global medical oxygen market projected to reach $4.97 billion by 2032. The approval also positions the company to tap into the $40 billion global drone market by 2030 through hydrogen-powered storage solutions. This development expands their existing portfolio of 6.8L and 150L composite cylinders, strengthening their high-margin value-added segment.

First Indian company to receive PESO approval for 2L Type-3 composite cylinders for various high-pressure gases.
Targets the global medical oxygen market, which is expected to grow from $2.55 billion in 2025 to $4.97 billion by 2032.
Positions for the $40 billion global drone market by 2030 with hydrogen-powered storage applications.
Approval covers applications in transportation, medical SCBA, laboratories, and metalworking gases like Nitrogen and Argon.
Builds on existing capabilities including 6.8L Type-3 and 150L Type-4 composite cylinder approvals.

💡 Investors should view this as a significant positive for the company's high-margin value-added segment. Monitor the conversion of this regulatory milestone into order book growth from the drone and healthcare sectors.

Time Technoplast Secures Rs 51 Crore Order from HPCL for Polymer Packaging

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 31 Dec 2025, 04:39 PM

Time Technoplast Limited has been awarded a domestic contract worth approximately Rs 51 crore by Hindustan Petroleum Corporation Limited (HPCL). The contract involves the supply of rigid polymer packaging products (Conipack pails) ranging from 7.5 to 20 litres over a two-year period. This order win as an L1 supplier reinforces the company's dominant position in the industrial packaging segment, which currently accounts for 75% of its consolidated revenue. The company remains optimistic about its growth trajectory, targeting a 12-14% CAGR in volume for this business segment.

Awarded a contract valued at approximately Rs 51 crore from HPCL
Contract involves supply of Conipack pails to be executed over a 2-year period
Industrial Packaging Business contributes ~75% of the company's consolidated revenue
Company expects to sustain a 12-14% CAGR volume growth in the packaging segment
Secured the order as the L1 supplier, demonstrating competitive pricing strength

💡 Investors should take this as a positive sign of the company's ability to win large-scale PSU contracts. Maintain a watch on the execution efficiency and its impact on the industrial packaging segment's margins over the next two years.

Time Technoplast Closes Trading Window from Jan 1, 2026 for Q3 FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Dec 2025, 12:35 PM

Time Technoplast Limited has announced the closure of its trading window for all designated persons and their relatives starting January 1, 2026. This closure is in preparation for the announcement of the Unaudited Financial Results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are officially declared to the exchanges. This is a standard regulatory procedure in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Trading window closure effective from January 1, 2026
Closure pertains to financial results for the quarter and nine months ended December 31, 2025
Window to reopen 48 hours after the declaration of financial results
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015
Board meeting date for result approval to be announced in due course

💡 This is a routine regulatory filing with no impact on the company's fundamentals. Investors should look out for the upcoming board meeting date to track the company's Q3 FY26 performance.

Time Technoplast Completes Successful Trials for India's First Hydrogen-Powered Composite Drones

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 22 Dec 2025, 09:22 AM

Time Technoplast has achieved a major milestone by successfully completing flight trials for hydrogen-powered drones integrated with its in-house Type-III Composite Hydrogen Cylinders. These drones offer 3-5x longer flight endurance and significantly higher payload capacity compared to traditional battery-powered systems. As the first Indian manufacturer with PESO approval for these cylinders, the company is strategically positioned to enter the global drone market, which is projected to grow from $30 billion to $70 billion by 2033. This development validates the company's transition into high-tech clean energy solutions for defense, logistics, and industrial applications.

Successful integration of India's first Type-III Fully Wrapped Composite Hydrogen Cylinders in fuel-cell drones.
Hydrogen propulsion delivers 3-5x longer flight endurance and rapid refueling compared to battery drones.
Company is the first Indian manufacturer to receive PESO approval for Type-III Hydrogen Composite Cylinders.
Targets a global drone market estimated at $30 billion currently, expected to reach $70 billion by 2033.
Strategic alignment with India's Green Hydrogen Mission and 'Make-in-India' for defense and civilian sectors.

💡 Investors should monitor the company's ability to convert these successful trials into commercial orders from the defense and logistics sectors. This technological breakthrough enhances the company's valuation as a key player in the high-margin hydrogen storage and drone ecosystem.

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💰 Financial Performance

Revenue Growth by Segment

Value-added products (IBC, composite cylinders, MOX films) grew 15% in FY2025, while established products (drums, jerry cans, PE pipes) grew 7%. Total sales in Q2 FY2026 grew 10% YoY to INR 1,512 Cr.

Geographic Revenue Split

India accounts for 66% of revenue (grew 9% in Q2 FY2026), while Overseas operations across 10 countries contribute 34% or INR 1,857 Cr (grew 13% in Q2 FY2026).

Profitability Margins

Operating margins improved to 14.4% in FY2025 from 13.9% in FY2024. Net profit for Q2 FY2026 stood at INR 115 Cr, representing a 17% YoY increase.

EBITDA Margin

EBITDA margin was 14.8% in Q2 FY2026 (INR 224 Cr), up from 14.3% in the previous year, driven by a higher share of value-added products and raw material cost pass-throughs.

Capital Expenditure

Planned annual capex of INR 180-220 Cr. Recent QIP proceeds allocated INR 89.37 Cr for automation and re-engineering and INR 110.63 Cr for a subsidiary's machinery.

Credit Rating & Borrowing

Rated CRISIL AA-/Stable and A1+. While the financial profile is strong, ICRA notes high borrowing rates; QIP proceeds of INR 400 Cr are being used to repay debt to reduce interest costs.

⚙️ Operational Drivers

Raw Materials

Polymers (specifically Polyethylene/PE) represent the primary raw material cost, with the company consuming 180,000 tons annually.

Import Sources

Sourced globally with manufacturing and procurement hubs in India, the Middle East (UAE, Bahrain, Saudi Arabia), and the USA.

Key Suppliers

Not specifically named, but the company leverages its 180,000-ton annual volume to negotiate bulk discounts, targeting an additional 3-4% discount through new acquisitions.

Capacity Expansion

LPG cylinder capacity is 1.4 million units (sellable 1.2 million) with 90% utilization. Automation capex of INR 89.37 Cr is underway to improve manufacturing efficiency.

Raw Material Costs

Raw material costs are highly sensitive to polymer prices; however, the company maintains a 14.4% margin by passing on price fluctuations to end-users.

Manufacturing Efficiency

Current LPG cylinder capacity utilization is at 90%. Automation and re-engineering are being funded to further enhance throughput.

Logistics & Distribution

The company operates in 11 countries to manufacture close to customers, reducing distribution costs for bulky polymer products.

📈 Strategic Growth

Expected Growth Rate

15%

Growth Strategy

Achieving growth by increasing the share of value-added products (currently 27% of revenue), entering the CNG composite cylinder market, and acquiring an FIBC company with INR 250 Cr revenue to leverage 3-4% polymer procurement discounts.

Products & Services

Industrial packaging (drums, jerry cans), Intermediate Bulk Containers (IBC), Composite Cylinders (LPG and CNG), MOX Films, PE Pipes, and Lead Acid Batteries.

Brand Portfolio

Techpaulin (MOX Films).

New Products/Services

CNG composite cylinders and expanded MOX film applications (pond liners, truck covers) are expected to drive the 15% growth in value-added segments.

Market Expansion

Expanding MOX film exports to Thailand, Malaysia, Germany, the UK, and the USA.

Market Share & Ranking

Dominant market position in industrial packaging in India and the MENA region; global leader in composite cylinders.

Strategic Alliances

Operates with eight subsidiaries and one joint venture to manage global operations and specialized segments like NED Energy for batteries.

🌍 External Factors

Industry Trends

The industry is shifting from metal to lightweight, explosion-proof composite cylinders and sustainable IBC packaging; the company is positioned as a leader in this transition with 15% growth in these segments.

Competitive Landscape

Faces intense competition in core packaging and batteries (NED Energy) from large established players, constraining pricing power in those specific sub-segments.

Competitive Moat

Moat is built on cost leadership from massive polymer procurement (180,000 tons) and technical expertise in multi-axis oriented cross-laminated films (MOX), which are difficult to replicate.

Macro Economic Sensitivity

Highly sensitive to industrial production growth in India and the MENA region, as packaging demand correlates with chemical and FMCG output.

Consumer Behavior

Increasing preference for lightweight and durable composite materials over traditional steel in the energy and transport sectors.

Geopolitical Risks

Operations in 11 countries including the Middle East and Egypt expose the company to regional political instability and trade barriers.

⚖️ Regulatory & Governance

Industry Regulations

Operations must comply with international standards for hazardous goods packaging (UN certification) and pressure vessel safety norms for composite cylinders.