Time Technoplast Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 7 Aug 2026 | Industrial Products | Market Cap: ₹10.2K Cr
Overall consolidated growth projected above 15% over the next 2-3 years. Composite products segment targeting 15% annual growth; value-added products to increase from 27% to 35% contribution in 2 years with higher margins (17-18% vs 12-13.5% for standard products).
From Time Technoplast Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹187
Market Cap
₹10.2K Cr
P/E Ratio
20.9
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Time Technoplast Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹134 Cr.
Full financials →📊 Revenue & Sales Performance
- →Overall consolidated growth projected above 15% over the next 2-3 years.
- →Composite products expected to grow at 25-30% annually with capacity expansion completing by Q4 FY '26.
- →Packaging products (drums, jerry cans, pails, IBC) expected to grow at 11-13%, with overseas growth higher (13%) than India (10-11%).
- →PE pipe business expected to grow 20-25%, supported by new plant in Odisha ready next year and increasing infra projects in India.
- →Volume growth: 15% increase in volume reported; India volume +13%, overseas +17%.
- →Value-added products share aimed to increase from 27% to 35% in two years, driving higher margins.
- →TPL Plastech subsidiary targeting 20%+ annual growth and adding INR100 crore revenue capacity in 3 years.
📈 Profitability & Margins
- →Composite products segment targeting 15% annual growth; value-added products to increase from 27% to 35% contribution in 2 years with higher margins (17-18% vs 12-13.5% for standard products).
- →PE pipe business expected to grow 20-25% in FY '26-'27; Odisha plant to be ready for capacity addition beyond FY '27.
- →TPL Plastech (75% subsidiary) aims for 20%+ annual growth; new Lote-Parshuram plant to add INR 100 crore revenue by FY '28.
- →EBITDA margin expected to rise by 15-20 basis points annually from business mix and improved efficiencies.
- →Power cost savings of INR10 crores expected from solar power initiatives starting FY '27, improving operating profit.
- →Debt reduction to zero in next 6 months will reduce finance costs from INR90-100 crores to INR25-30 crores annually, boosting net profits.
- →ROCE target of 20% to be achieved in FY '26 with steady 2% year-on-year improvement subsequently.
🏗️ Capital Expenditure Plans
- →Current capex in 9 months: INR177 crores, including INR80 crores for regular maintenance and INR97 crores for automation, reengineering, and expansion focused on value-added products.
- →Investment of INR30-35 crores in TPL Plastech's Lote-Parshuram packaging plant, targeting over INR100 crores revenue in 3 years; plant completion expected in FY 26-27.
- →INR75 crores investment in recycling project through subsidiary Time Ecotech, aiming for ROCE ≥20%.
- →Equity investment of INR10 crores in solar power initiatives across multiple states, expected to generate INR10 crores annual savings starting FY 26-27, with benefits continuing for 15 years.
- →Remaining non-core assets valued at INR37 crores expected to be liquidated or utilized within 6 months; proceeds to support value-added product expansion and brownfield projects.
- →QIP funds: INR460 crores held in fixed deposits earmarked for future expansion, automation, and greenfield/brownfield projects.
💰 Fundraising & Capital Structure
- →No new fundraising through debt is planned; the company is targeting to become completely debt-free within the next 6 months (Page 16, Bharat Vageria).
- →The INR800 crores QIP equity fundraising was completed earlier; INR340 crores utilized with INR460 crores kept in fixed deposits for expansion, automation, and general corporate purposes (Page 4).
- →No additional borrowing is required for automation or expansion as funds from the QIP are already earmarked and held in escrow (Page 10).
- →The potential acquisition of Ebullient Packaging (flexible IBC business) is under due diligence, with possible deal closure by March 2026, funded from the existing QIP proceeds (Page 11).
- →Overall, there is no indication of any new or forthcoming equity or debt fundraising beyond the current QIP and no plans to raise fresh debt.
📋 Order Book & Pipeline
- →As per the provided transcript (pages 3-18), there is no explicit mention of the current or expected order book or pending orders for Time Technoplast Limited.
- →The discussions focus more on business performance, capacity expansions, consolidation of manufacturing units, debt repayment, and product developments.
- →Specific details about order books or pending orders were not disclosed during the earnings call or in the given pages.
- →Growth prospects and capacity utilization were highlighted, but no concrete order backlog figures were shared.
- →The management focuses on revenue growth, capacity expansion (notably the Lote-Parshuram plant), and new product lines (like hydrogen cylinders and flexible IBCs), implying a positive demand outlook, though no exact order quantities were mentioned.
Key Metrics
Frequently Asked Questions
What were Time Technoplast Ltd Q3 FY26 results?
Overall consolidated growth projected above 15% over the next 2-3 years. Composite products segment targeting 15% annual growth; value-added products to increase from 27% to 35% contribution in 2 years with higher margins (17-18% vs 12-13.5% for standard products).
What is Time Technoplast Ltd share price analysis?
Time Technoplast Ltd currently shows a neutral. The stock trades at a P/E of 20.9 with a market cap of ₹10,231 Cr. Investors should review the full earnings analysis for detailed insights.
Is Time Technoplast Ltd planning capital expenditure?
Current capex in 9 months: INR177 crores, including INR80 crores for regular maintenance and INR97 crores for automation, reengineering, and expansion focused on value-added products.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.