Time Technoplast Ltd is a prominent Indian manufacturer specializing in innovative polymer products and composite cylinders, serving a wide range of industries such as packaging, automotive, infrastructure, and healthcare. The company’s product portfolio includes industrial containers, lifestyle products, automotive components, material handling solutions, and most notably, composite cylinders used for fuel storage. Time Technoplast’s reputation is built on its expertise in polymer engineering, focusing on high-performance, sustainable products that meet modern industry demands.
Recently, Time Technoplast achieved a significant milestone by receiving final approval from the Petroleum and Explosives Safety Organization (PESO) for manufacturing high-pressure Type-IV composite cylinders specifically for hydrogen storage. This approval makes Time Technoplast the first company in India authorized to produce these advanced cylinders, positioning it as a frontrunner in the country’s evolving hydrogen energy infrastructure. This strategic development not only strengthens the company’s standing in the composite cylinder market but also supports India’s transition toward alternative energy sources, reinforcing Time Technoplast’s role in advancing clean energy solutions.
Latest News on Time Technoplast Ltd
Time Technoplast Ltd has recently announced its plans to consider new fundraising initiatives, with a board meeting scheduled for October 25, 2024. During this meeting, the company’s leadership will discuss and potentially approve strategies to raise capital through various financial mechanisms. These could include preferential issues, where shares are allotted to select investors, and qualified institutional placements (QIPs), which allow the company to issue equity shares to qualified institutional buyers. This fundraising initiative is part of Time Technoplast’s ongoing efforts to strengthen its financial foundation and fuel future growth.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 51.69% | 51.51% | 51.56% | 51.56% | 51.56% |
| FIIs + | 5.96% | 5.70% | 6.18% | 6.78% | 6.69% |
| DIIs + | 9.95% | 10.42% | 10.93% | 10.97% | 12.87% |
| Public + | 32.39% | 32.37% | 31.32% | 30.67% | 28.88% |
| No. of Shareholders | 73,779 | 74,109 | 78,632 | 1,02,531 | 1,10,983 |
The shareholding pattern of Time Technoplast Ltd over the past year shows a steady composition among promoters, institutional investors, and the public. From September 2023 to September 2024, the promoter holdings remained relatively stable, around 51.56%, showing consistent confidence in the company. Foreign Institutional Investors (FIIs) saw a slight increase from 5.96% in September 2023 to 6.69% by September 2024, indicating growing international interest. Domestic Institutional Investors (DIIs) made a significant upward shift from 9.95% to 12.87%, reflecting strong local institutional backing. Conversely, public shareholdings declined from 32.39% to 28.88%, suggesting a consolidation in holdings by larger investors. Over this period, the number of shareholders rose considerably, from 73,779 to 1,10,983, pointing to increased interest and investor confidence in Time Technoplast Ltd.
Below are the trading platforms that you can use to purchase Time Technoplast Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 448.95 | 390.39 |
| December 2024 | 453.44 | 394.30 |
As we move through 2024, Time Technoplast Ltd’s share price is anticipated to reach a maximum of ₹448.95 and a minimum of ₹390.39 in November. In December, projections indicate a possible rise, with the maximum price reaching ₹453.44 and the minimum at ₹394.30, reflecting continued growth momentum in the company’s stock towards year-end.
| When | Maximum Price | Minimum Price |
| January 2025 | 457.98 | 352.29 |
| February 2025 | 462.60 | 355.85 |
| March 2025 | 472.32 | 363.32 |
| April 2025 | 467.64 | 359.72 |
| May 2025 | 454.02 | 349.25 |
| June 2025 | 474.45 | 364.96 |
| July 2025 | 465.15 | 357.81 |
| August 2025 | 479.54 | 368.87 |
| September 2025 | 485.29 | 373.30 |
| October 2025 | 497.91 | 383.01 |
| November 2025 | 510.36 | 392.58 |
| December 2025 | 533.32 | 410.25 |
As we step into 2025, Time Technoplast Ltd’s stock price is set to fluctuate, with January expected to reach a maximum of ₹457.98 and a minimum of ₹352.29. February should see an increase, with a maximum of ₹462.60 and a minimum of ₹355.85, while March anticipates further growth at a peak of ₹472.32 and a floor of ₹363.32. In April, projections place the maximum at ₹467.64 and the minimum at ₹359.72, with May’s maximum at ₹454.02 and minimum at ₹349.25. By June, prices may reach a maximum of ₹474.45 and a minimum of ₹364.96. As we progress, July is likely to reach ₹465.15 as the high and ₹357.81 as the low, while August could see a high of ₹479.54 and a low of ₹368.87. September might peak at ₹485.29 with a base of ₹373.30, followed by October’s possible maximum of ₹497.91 and minimum of ₹383.01. Moving toward year-end, November is projected to reach a maximum of ₹510.36 and a minimum of ₹392.58, while December could close the year with a peak of ₹533.32 and a low of ₹410.25.
| When | Maximum Price | Minimum Price |
| January 2026 | 549.32 | 422.55 |
| February 2026 | 535.59 | 411.99 |
| March 2026 | 546.30 | 420.23 |
| April 2026 | 557.45 | 428.81 |
| May 2026 | 551.93 | 424.56 |
| June 2026 | 565.73 | 435.18 |
| July 2026 | 554.63 | 426.64 |
| August 2026 | 571.79 | 439.84 |
| September 2026 | 583.22 | 448.63 |
| October 2026 | 598.39 | 460.30 |
| November 2026 | 613.35 | 471.81 |
| December 2026 | 628.68 | 483.60 |
| When | Maximum Price | Minimum Price |
| January 2027 | 634.97 | 488.44 |
| February 2027 | 651.25 | 500.96 |
| March 2027 | 676.65 | 520.50 |
| April 2027 | 663.38 | 510.29 |
| May 2027 | 644.06 | 495.43 |
| June 2027 | 673.04 | 517.72 |
| July 2027 | 659.84 | 507.57 |
| August 2027 | 680.25 | 523.27 |
| September 2027 | 704.06 | 541.59 |
| October 2027 | 722.37 | 555.67 |
| November 2027 | 740.43 | 569.56 |
| December 2027 | 758.94 | 583.80 |
| When | Maximum Price | Minimum Price |
| January 2028 | 774.12 | 595.47 |
| February 2028 | 793.96 | 610.74 |
| March 2028 | 824.93 | 634.56 |
| April 2028 | 808.75 | 622.12 |
| May 2028 | 785.20 | 604.00 |
| June 2028 | 820.53 | 631.18 |
| July 2028 | 804.44 | 618.80 |
| August 2028 | 829.32 | 637.94 |
| September 2028 | 858.35 | 660.27 |
| October 2028 | 880.67 | 677.44 |
| November 2028 | 902.68 | 694.37 |
| December 2028 | 925.25 | 711.73 |
| When | Maximum Price | Minimum Price |
| January 2029 | 943.75 | 725.97 |
| February 2029 | 967.95 | 744.58 |
| March 2029 | 1,005.70 | 773.62 |
| April 2029 | 985.98 | 758.45 |
| May 2029 | 957.27 | 736.36 |
| June 2029 | 1,000.34 | 769.49 |
| July 2029 | 980.73 | 754.41 |
| August 2029 | 1,011.06 | 777.74 |
| September 2029 | 1,046.45 | 804.96 |
| October 2029 | 1,073.66 | 825.89 |
| November 2029 | 1,100.50 | 846.54 |
| December 2029 | 1,128.01 | 867.70 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,150.57 | 885.05 |
| February 2030 | 1,180.07 | 907.75 |
| March 2030 | 1,226.09 | 943.15 |
| April 2030 | 1,202.05 | 924.66 |
| May 2030 | 1,167.04 | 897.72 |
| June 2030 | 1,219.56 | 938.12 |
| July 2030 | 1,195.65 | 919.73 |
| August 2030 | 1,232.62 | 948.17 |
| September 2030 | 1,275.77 | 981.36 |
| October 2030 | 1,308.94 | 1,006.87 |
| November 2030 | 1,341.66 | 1,032.05 |
| December 2030 | 1,375.20 | 1,057.85 |
As we move through 2030, Time Technoplast Ltd’s stock price is anticipated to vary, beginning with January at a maximum of ₹1,150.57 and a minimum of ₹885.05. February is projected to rise slightly, reaching a high of ₹1,180.07 and a low of ₹907.75. In March, prices could peak at ₹1,226.09 and bottom at ₹943.15, followed by April with an expected high of ₹1,202.05 and low of ₹924.66. For May, prices may dip slightly with a maximum of ₹1,167.04 and minimum of ₹897.72. June is set to climb again, with a high of ₹1,219.56 and a low of ₹938.12. Moving into the second half, July could see a peak of ₹1,195.65 and a low of ₹919.73, while August anticipates an increase with a maximum of ₹1,232.62 and a minimum of ₹948.17. September projects further growth, with a high of ₹1,275.77 and a low of ₹981.36, and October may rise to ₹1,308.94 with a floor of ₹1,006.87. By November, prices are expected to peak at ₹1,341.66 with a base of ₹1,032.05, closing the year in December at an anticipated maximum of ₹1,375.20 and minimum of ₹1,057.85.
Financial Condition of Time Technoplast Ltd
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 3,578 | 3,005 | 3,650 | 4,289 | 4,992 | 5,143 |
| Expenses + | 3,079 | 2,618 | 3,144 | 3,712 | 4,302 | 4,425 |
| Operating Profit | 499 | 387 | 506 | 577 | 691 | 718 |
| OPM % | 14% | 13% | 14% | 13% | 14% | 14% |
| Other Income + | 2 | 4 | 3 | 4 | 14 | 14 |
| Interest | 108 | 98 | 92 | 105 | 101 | 99 |
| Depreciation | 156 | 151 | 157 | 171 | 173 | 168 |
| Profit before tax | 237 | 142 | 259 | 305 | 431 | 465 |
| Tax % | 26% | 26% | 26% | 27% | 27% | |
| Net Profit + | 175 | 106 | 192 | 224 | 316 | 339 |
| EPS in Rs | 7.48 | 4.57 | 8.31 | 9.69 | 13.68 | 14.71 |
| Dividend Payout % | 13% | 15% | 12% | 13% | 1% |
The financial performance of Time Technoplast Ltd over the past five years has shown a steady growth trajectory. The company’s sales have consistently increased, from ₹3,578 crore in March 2020 to ₹4,992 crore in March 2024, and trailing twelve-month (TTM) sales have already reached ₹5,143 crore. Correspondingly, expenses have risen, though at a slightly lower pace, reflecting efficient cost management. This efficiency has contributed to a stable Operating Profit Margin (OPM) of around 13-14%, with the operating profit rising from ₹499 crore in 2020 to ₹691 crore in 2024, reaching ₹718 crore in the TTM period.
The interest expense has been controlled, falling from ₹108 crore in 2020 to ₹99 crore in the TTM period, showing improved capital efficiency. Depreciation, while stable, saw a slight increase to ₹168 crore TTM, in line with asset expansion. Consequently, profit before tax surged from ₹237 crore in 2020 to ₹431 crore in 2024, and ₹465 crore TTM. Time Technoplast Ltd’s tax rate has remained consistent, around 26-27%, while net profit increased substantially from ₹175 crore in 2020 to ₹316 crore in 2024, and ₹339 crore TTM. Earnings per Share (EPS) improved significantly, from ₹7.48 in 2020 to ₹13.68 in 2024, reflecting higher shareholder returns. The dividend payout percentage, however, decreased to 1% in 2024, indicating potential reinvestment in growth initiatives.
FAQS
As of October 26th, 2024, the share price of Time Technoplast is around INR ₹399.
Based on various market analyses and expert opinions, the expected share price target of Time Technoplast Ltd by 2024 is around INR 453.44.
As per our analysis, Time Technoplast Ltd in 2025 is expected to trade between ₹349.25 to ₹533.32.
As per our analysis, Time Technoplast Ltd share price target for 2030 would be somewhere between ₹885.05 and ₹1,375.20.
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Conclusion
In conclusion, Time Technoplast Ltd is actively advancing in the Indian manufacturing landscape with a robust portfolio of polymer products, particularly in high-growth sectors like hydrogen storage. The recent PESO approval for its hydrogen composite cylinders highlights its role in clean energy solutions, marking a critical step forward in India’s energy transition.
The company’s shareholding pattern shows solid institutional support, especially from domestic investors, along with a rise in shareholder interest. Projected share prices reflect positive growth potential, with 2025 anticipated to range between ₹352.29 and ₹533.32, gradually climbing to a range of ₹885.05 to ₹1,375.20 by 2030. Financially, Time Technoplast demonstrates steady improvement across key metrics, underscoring its operational resilience and potential for sustained profitability as it navigates expansion plans and upcoming fundraising initiatives.
What did we learn?
- 1 Latest News on Time Technoplast Ltd
- 2 Shareholdings Patterns of Time Technoplast Ltd
- 3 How to Purchase Time Technoplast Ltd Shares in India?
- 4 Time Technoplast Ltd Share Price Target 2024, 2025 to 2030
- 4.1 Time Technoplast Ltd Share Price Target 2024
- 4.2 Time Technoplast Ltd Share Price Target 2025
- 4.3 Time Technoplast Ltd Share Price Prediction 2026
- 4.4 Time Technoplast Ltd Share Price Target 2027
- 4.5 Time Technoplast Ltd Share Price Prediction 2028
- 4.6 Time Technoplast Ltd Share Price Prediction 2029
- 4.7 Time Technoplast Ltd Share Price Target 2030
- 5 Financial Condition of Time Technoplast Ltd
- 6 FAQS
- 7 Conclusion
