Time Technoplast stock has doubled in the past year and is up 125 per cent in 2017. In an interview to CNBC-TV18, Anil Jain, MD of Time Technoplast spoke about the latest happenings in the company and his outlook going forward.
Time Technoplast have a capacity of 700,000 cylinders, said Anil Jain, MD of the company.
Selling shares to fund construction of commercial property, says Anil Jain, MD of Time Technoplast.
In an interview with CNBC-TV18, Anil Jain said that the company's volume growth has been more than 13 percent in the first quarter of this fiscal and expects it to be in the excess of 10 percent for the year.
Time Technoplast did not see substantial revenue growth in FY16 after it sold some of its businesses overseas.
The company, a manufacturer of polymer products, recently sold its overseas assets and used the money to pay off its debts, says Anil Jain, Managing Director, Time Technoplast.
Anil Jain, MD, Time Technoplast, says FY17 revenues will go up to Rs 170 crore from composite cylinders.
Anil Jain, MD, Time Technoplast says strong polymer demand comes from countries like Indonesia, Vietnam, Thailand, Egypt and Saudi Arabia where replacing metal packaging with polymers is still a developing notion.
TIme Technoplast is a leading manufacturer of polymer products with operations in Bahrain, Belgium, China, Egypt, Indonesia, Korea, Malaysia, Poland, Romania, Singapore, Sharjah, Taiwan, Thailand, Vietnam and India.
In an interview with CNBC-TV, Anil Jain, MD, Time Technoplast said the performance of the company has been fairly consistent. He further said he expects 25% organic growth and 35% revenue growth in FY12.