Time Technoplast Ltd

Q4 FY25Industrial Products

Time Technoplast Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹187

Market cap₹10.2K Cr

P/E20.9

Updated23 Aug 2026

Read4 min read

The short version

Composite products (CNG, LPG, hydrogen) expected to grow at ~30% CAGR over next 3 years. Company expects a composite product growth of 30% annually for the next 3 years, outpacing the 15% overall company growth.

From Time Technoplast Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Composite products (CNG, LPG, hydrogen) expected to grow at ~30% CAGR over next 3 years.
Overall company growth targeted at ~15% CAGR.
Composite products currently at 27% of revenue; expected to reach ~35% in 2-3 years.
Revenue from composite products estimated to grow from INR 625 crores in FY '25 to ~INR 1,500 crores in 3 years.
Volume growth in FY '25 was 13% YoY, with overseas volume growth at 15%.
Significant expansion underway with INR 125 crores CAPEX for CNG capacity increase and composite product development.
CNG composite cascade capacity to increase by 36,000 cylinders (from existing 30,000).
Hydrogen cylinder commercial launch planned around FY '26-27, targeting future growth.
Overall business revenue expected to surpass INR 2,500 crores from composite products in 5 years.

Profitability & Margins

Company expects a composite product growth of 30% annually for the next 3 years, outpacing the 15% overall company growth.
Value-added products' share in total sales is targeted to increase from 27% in FY '25 to 35% by FY '27-'28.
EBITDA margin is forecasted to improve from 14.5% in FY '25 to around 15.5% within 3 years due to product mix improvement and higher composite products contribution.
Return on Capital Employed (ROCE) targeted to reach 20% by FY '26, up from 18.1% in FY '25.
Profit after tax grew 25% year-on-year in FY '25; management aims to maintain or improve this growth with operational efficiency.
Operating cash flow and CAPEX management will keep the company debt-free by FY '27.
Expansion in CNG, LPG, hydrogen composite products and new product launches expected to drive higher earnings going forward.

See what Time Technoplast Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

FY '25 CAPEX was INR 195 crores, including INR 81 crores for maintenance, automation, and reengineering, and INR 115 crores toward value-added products like IBC and composite products.
Ongoing brownfield expansion covering new products like CNG, LPG, composite cylinders, including hydrogen cylinders with commercial production expected by Q3.
Planned annual CAPEX up to INR 200 crores for at least the next 3 years to support 15% overall growth and 30% growth in composite products.
Expansion underway at a new facility near Vapi (possession expected by July), focused on composite, CNG, hydrogen, and oxygen cylinders.
Investment of around INR 30 crores planned for a new steel drum plant in the Middle East to serve existing regional customers.
Capital investment in automation and consolidation continues incrementally.
Potential future capital raise via QIP of INR 1,000 crores approved but on hold until larger expansion or acquisition opportunities arise.
Battery product development investments ongoing (~90% complete), new battery launches expected within the current financial year.
Expansion includes hydrogen cylinders for drone applications, with commercialization early next year.

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Fundraising & Capital Structure

No immediate equity fundraising is planned despite having board and shareholder approval for a QIP of INR 1,000 crores, valid till November 2025. The company is waiting for a bigger expansion or acquisition before raising equity.
Management prefers prudent decision-making given current market conditions and relative cost of funds; they avoid raising equity until necessary.
Regarding debt, the company targets to become debt-free in 2 years, including the completion of ongoing CAPEX. Debt reduction efforts are ongoing, and the company can raise debt in the next 20 days if needed.
CAPEX guidance remains at up to INR 200 crores annually, aligned with growth targets.
Overall, the company aims to be net cash flow positive while continuing growth, with no immediate plans for fresh capital raising either via debt or equity at present.

See what Time Technoplast Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The company has a robust order book of approximately INR 185 crores for composite products, including Type 4 composite cylinders. (Page 3)
Industrial Packaging division has an order book around INR 445 crores for the current calendar year, covering both domestic and international markets. (Page 3)
The expected additional LPG composite cylinder order (10 kg size) is currently delayed at higher levels due to management and approval changes. (Page 16)
Discussions and approvals are ongoing for the introduction of 14.2 kg composite LPG cylinders, which are expected to significantly outstrip current volumes. (Page 16)
The order from Indian Oil Corporation (IOC) expected in Q4 got delayed due to personnel changes and is anticipated post-settlement of new management. (Page 12)

Time Technoplast Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹134 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Time Technoplast Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Time Technoplast Ltd Q4 FY25 results?

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?

FY '25 CAPEX was INR 195 crores, including INR 81 crores for maintenance, automation, and reengineering, and INR 115 crores toward value-added products like IBC and composite 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.