Time Technoplast Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Time Technoplast Ltd trades at ₹194, in a downtrend and 36 weeks into that stage. That is +1.7% against its own 200-day average. It sits at 52% of a 52-week range of ₹161 to ₹224. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks.

Today the stock is in a downtrend — week 36 of stage 4. At ₹194 it trades +1.7% versus its 200-day average and sits at 52% of its 52-week range (₹161–₹224).

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +704% while the NIFTY 500 moved +278% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 5 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Time Technoplast Ltd trades at 19.5× P/E, at the pricey end of its own range (72nd percentile). Its long-run median P/E is 14.5×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 19.5× is at the pricey end of its own range (72nd percentile), against a long-run median of 14.5× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +11.1% against a −13.2% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +36.3%/yr price move, ~+26.2%/yr came from earnings growth and ~+10.1 pp from the multiple (expanding); over 10y, of the +20.0%/yr price move, ~+14.6%/yr came from earnings growth and ~+5.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

At its price on 13 June 2026, Time Technoplast Ltd was priced for profit growth of about 9.4% a year. Profit itself has compounded 12.9% a year over the past 10 years. The market pays that at 19.5× P/E, the 72nd percentile of its own 10-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is close to what this company has actually delivered. Both readings sit on the same earnings, so they are one reading rather than two.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements. Every other number on this page is read off the live quote.

Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Time Technoplast Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 18.3% and holding. The read is built from 12 quarters across 4 curves, on full evidence.

Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.

4-Factor Sector Score

53.7/100 — rank 1 of 2 in Cylinder · 97% evidence confidence

Time Technoplast Ltd scores 53.7 out of 100 against the 2 companies it is compared with in Cylinder, ranking 1. Price leads the evidence: RS versus the benchmark is -2.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 16.3 + 13.6 + 8.2 + 15.6 = 53.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Time Technoplast Ltd reported ₹1,693 Cr of revenue in the Jun 26 quarter, +25.1% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.8% a year. The last full year, FY26, came in at ₹6,105 Cr. The last four reported quarters add to ₹6,446 Cr.

FY26 revenue came in at ₹6,105 Cr (+11.9% on the year), capping 10 years at 9.8% compound. The latest quarter (Jun 26) printed ₹1,693 Cr, +25.1% year on year — the 12th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +15.6% growth against the decade's 9.8% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +15.5% over the last 4 quarters against +12.0%/yr over the last 8 — accelerating; TTM profit +21.2% vs +21.4%/yr — stabilising.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Time Technoplast Ltd's operating margin is 13.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 13.0% to 15.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 13.0%, −1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 13.0%–15.0%, and FY26's 15.0% is the top of that band — a record year.

🚨 Why the margin moved: operating margin went −1.2 pp year on year while gross margin went −2.4 pp — the loss came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Time Technoplast Ltd earned ₹118 Cr of net profit in the Jun 26 quarter, +21.6% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹477 Cr. The 10-year compound rate is 12.9%. That is 7.0% of the quarter's revenue. The same quarter a year earlier earned ₹97.0 Cr.

Jun 26 profit was ₹118 Cr, +21.6% year on year — the 12th consecutive quarter of growth. On the full year, FY26 printed ₹477 Cr (+21.1%), and the 10-year compound rate is 12.9%.

Why profit moved: revenue contributed +25.1% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +21.2% vs revenue +15.6%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 90% of Time Technoplast Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹233 Cr of operating cash against ₹477 Cr of profit. After ₹396 Cr of capital spending, ₹−163 Cr was left as free cash.

FY26: operating cash of ₹233 Cr against reported profit of ₹477 Cr, leaving free cash of ₹−163 Cr after ₹396 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 90% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 90%: the cash cycle tightened 12 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Time Technoplast Ltd's cash conversion cycle runs 161 days in FY26, down from 173 days in FY21. Capital spending ran ₹740 Cr over the last 3 years. At FY26 sales of ₹6,105 Cr each day of that cycle holds about ₹16.7 Cr, so roughly ₹2,693 Cr sits inside the business at any moment.

FY26: debtors at 87 days, inventory at 111 days — roughly 3.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 161 days, tighter than FY21's 173.

The full loop: cash goes out to suppliers and production on day 0; stock waits 111 days to sell; customers pay about 87 days after that; and suppliers themselves are paid at 37 days — netting out to the 161-day cycle.

In money terms: at FY26 sales of ₹6,105 Cr, each day of the cycle holds about ₹16.7 Cr — so the 161-day loop keeps roughly ₹2,693 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹740 Cr over the last 3 fiscal years against ₹526 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹230 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Time Technoplast Ltd earns a ROCE of 17% in FY26. That is up from a trough of 9% in FY21. Return on invested capital clears the cost of that capital by +0.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 7.8% net margin on 1.08× asset turns.

FY26 ROCE is 17%, recovered from a FY21 trough of 9% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 7.8% net margin × 1.08× asset turns × 1.38× balance-sheet leverage ≈ 11.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 12.8% − 12.0% = a +0.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Time Technoplast Ltd carries total debt of ₹733 Cr against shareholder equity of ₹4,166 Cr as of Mar 26, a debt-to-equity of 0.18 — effectively unlevered. On the annual view that ratio went from 0.43 in FY22 to 0.18 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹733 Cr against shareholder equity of ₹4,166 Cr — a debt-to-equity of 0.18. On the annual view, debt-to-equity went from 0.43 (FY22) to 0.18 (FY26). The returns on this page are earned, not borrowed.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 6.6 points of Time Technoplast Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 17.6% of the company. Promoters moved −4.0 points over the same window, to 47.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +6.6 points over 8 quarters to 17.6%; Promoters: −4.0 points over 8 quarters to 47.6%; Foreign institutions: +1.8 points over 8 quarters to 8.5%.

Why the register moved: domestic institutions drove it (+6.6 points), absorbed on the other side by promoters (−4.0 points) — steady accumulation by institutions reading the same numbers this page reads.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Time Technoplast Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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