NSEI:TIMETECHNO

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Executive Summary

Time Technoplast Limited, together with its subsidiaries, manufactures and markets a range of technology based polymer products in India and internationally. More Details


Snowflake Analysis

Undervalued with reasonable growth potential and pays a dividend.

Share Price & News

How has Time Technoplast's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TIMETECHNO is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TIMETECHNO's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

7.4%

TIMETECHNO

-0.6%

IN Packaging

2.1%

IN Market


1 Year Return

-12.6%

TIMETECHNO

35.2%

IN Packaging

7.0%

IN Market

Return vs Industry: TIMETECHNO underperformed the Indian Packaging industry which returned 36.9% over the past year.

Return vs Market: TIMETECHNO underperformed the Indian Market which returned 7% over the past year.


Shareholder returns

TIMETECHNOIndustryMarket
7 Day7.4%-0.6%2.1%
30 Day15.9%3.8%9.1%
90 Day1.0%-4.4%9.3%
1 Year-10.5%-12.6%37.3%35.2%9.0%7.0%
3 Year-75.8%-76.9%-21.3%-24.2%6.7%1.5%
5 Year-17.6%-21.8%48.0%39.5%53.5%42.0%

Long-Term Price Volatility Vs. Market

How volatile is Time Technoplast's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Time Technoplast undervalued compared to its fair value and its price relative to the market?

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TIMETECHNO (₹45.25) is trading below our estimate of fair value (₹65.53)

Significantly Below Fair Value: TIMETECHNO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TIMETECHNO is poor value based on its PE Ratio (10.3x) compared to the IN Packaging industry average (9.7x).

PE vs Market: TIMETECHNO is good value based on its PE Ratio (10.3x) compared to the Indian market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: TIMETECHNO is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: TIMETECHNO is good value based on its PB Ratio (0.6x) compared to the IN Packaging industry average (0.7x).


Next Steps

Future Growth

How is Time Technoplast forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

67.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TIMETECHNO's forecast earnings growth (67.2% per year) is above the savings rate (7.2%).

Earnings vs Market: TIMETECHNO's earnings (67.2% per year) are forecast to grow faster than the Indian market (24.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TIMETECHNO's revenue (18.8% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: TIMETECHNO's revenue (18.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TIMETECHNO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Time Technoplast performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIMETECHNO has high quality earnings.

Growing Profit Margin: TIMETECHNO's current net profit margins (3.3%) are lower than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: TIMETECHNO's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: TIMETECHNO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TIMETECHNO had negative earnings growth (-52.6%) over the past year, making it difficult to compare to the Packaging industry average (1.1%).


Return on Equity

High ROE: TIMETECHNO's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is Time Technoplast's financial position?


Financial Position Analysis

Short Term Liabilities: TIMETECHNO's short term assets (₹18.6B) exceed its short term liabilities (₹10.1B).

Long Term Liabilities: TIMETECHNO's short term assets (₹18.6B) exceed its long term liabilities (₹4.1B).


Debt to Equity History and Analysis

Debt Level: TIMETECHNO's debt to equity ratio (43.9%) is considered high.

Reducing Debt: TIMETECHNO's debt to equity ratio has reduced from 66.4% to 43.9% over the past 5 years.

Debt Coverage: TIMETECHNO's debt is well covered by operating cash flow (34.9%).

Interest Coverage: TIMETECHNO's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Time Technoplast current dividend yield, its reliability and sustainability?

2.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TIMETECHNO's dividend (2.11%) is higher than the bottom 25% of dividend payers in the Indian market (0.54%).

High Dividend: TIMETECHNO's dividend (2.11%) is low compared to the top 25% of dividend payers in the Indian market (2.19%).


Stability and Growth of Payments

Stable Dividend: TIMETECHNO's dividends per share have been stable in the past 10 years.

Growing Dividend: TIMETECHNO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.7%), TIMETECHNO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.4yrs

Average board tenure


CEO

Anil Jain (65 yo)

no data

Tenure

₹5,198,465

Compensation

Mr. Anil Jain founded Time Technoplast Limited (Formerly Time Packaging Ltd.) and serves as its Managing Director and served as its Br Head until 2018. Mr. Jain joined Bharat Heavy Electricals Ltd (BHEL) i...


CEO Compensation Analysis

Compensation vs Market: Anil's total compensation ($USD70.46K) is above average for companies of similar size in the Indian market ($USD50.94K).

Compensation vs Earnings: Anil's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Anil Jain
Founderno data₹5.20m1.58%
₹ 160.5m
Bharat Vageria
Director of Financeno data₹4.38m2.03%
₹ 206.5m
Naveen Mahendra Jain
Technical Director & Whole Time Director14.33yrs₹4.38m2.02%
₹ 205.4m
Raghupathy Thyagarajan
Director of Marketing & Whole Time Director14.33yrs₹4.38m2.02%
₹ 205.4m
Kuthoore Venkatasubramanian
Independent Chairmanno data₹150.00k0.0088%
₹ 899.6k
Sanjaya Kulkarni
Independent Non-Executive Directorno data₹155.00k0.031%
₹ 3.1m
Mahinder Wadhwa
Independent Non-Executive Directorno data₹370.00kno data
Triveni Makhijani
Independent Non-Executive Director4.5yrs₹80.00kno data
Praveen Agarwal
Independent Non-Executive Director4.5yrs₹135.00k0.00013%
₹ 13.2k

9.4yrs

Average Tenure

65yo

Average Age

Experienced Board: TIMETECHNO's board of directors are considered experienced (9.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Time Technoplast Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Time Technoplast Limited
  • Ticker: TIMETECHNO
  • Exchange: NSEI
  • Founded: 1989
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: ₹10.177b
  • Shares outstanding: 226.15m
  • Website: https://www.timetechnoplast.com

Number of Employees


Location

  • Time Technoplast Limited
  • 55, Corporate Avenue
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400072
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532856BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2007
TIMETECHNONSEI (National Stock Exchange of India)YesEquity SharesININRJun 2007

Biography

Time Technoplast Limited, together with its subsidiaries, manufactures and markets a range of technology based polymer products in India and internationally. It operates in two segments, Polymer and Compos...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 12:06
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.