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Buy Time Technoplast; target of Rs 100: ICICI Direct

ICICI Direct is bullish on Time Technoplast has recommended buy rating on the stock with a target price of Rs 100 in its research report dated August 17, 2021.

August 19, 2021 / 01:31 PM IST


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ICICI Direct's research report on Time Technoplast

Time Technoplast is a leading manufacturer of polymer based packaging & composite products with 34 production facilities in 11 countries. Established products (industrial packaging, PE pipe, battery others) contribute ~80% to the topline while value added product category (IBC, composite cylinders, mox films) contributes 20% of revenue Focus is to increase revenue sharing from value added product category in the next five years from 20% to 22%


We maintain our BUY rating on the stock We roll over our valuation on FY23E and value Time Technoplast at Rs 100 i.e. 5x EV/EBITDA on FY23E EBITDA.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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first published: Aug 19, 2021 01:31 pm

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