Buy Time Technoplast; target of Rs 72: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research's report on Time TechnoplastIncorporated in 1991, Time Technoplast Ltd. is a leader in manufacturing and marketing polymerbased products globally. In Q1 FY16, net profit rose by 37.77% y-o-y and stood at Rs. 284.22 million as compared to Rs. 206.30 million in Q1 FY15. During the quarter, net sales grew by 6.69% y-o-y and stood at Rs. 6077.27 million from Rs. 5696.34 million in the corresponding quarter of previous year. For Q1 FY16, Operating profit registered a growth of 7.52% y-o-y of Rs. 854.23 million as against Rs. 794.50 million for Q1 FY15.Outlook and ConclusionAt the current market price of Rs. 61.00, the stock P/E ratio is at 9.66 x FY16E and 8.50 x FY17E respectively. Earning per share (EPS) of the company for the earnings for FY16E and FY17E is seen at Rs.6.31 and Rs.7.17 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 14% and 10% over 2014 to 2017E respectively. On the basis of EV/EBITDA, the stock trades at 3.80 x for FY16E and 3.42 x for FY17E. Price to Book Value of the stock is expected to be at 1.11 x and 1.01 x respectively for FY16E and FY17E. We expect that the company surplus scenario is likely to continue for the next three years, will keep its strong growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.72.00 for Medium to Long term investment, says Firstcall Research Report.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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