Any current/future new fundraising through debt or equity?

The company completed a Qualified Institutional Placement (QIP) raising INR800 crores, primarily used to repay higher-cost bank debt of INR400 crores. Post repayment, net borrowing stands at approximately INR60 crores, considering surplus funds and deposits related to QIP. No immediate plans to raise new debt are indicated; future borrowings, if any, will be at lower cost and as needed. The utilize remaining QIP funds is earmarked strictly for capex and automation projects, monitored by a separate institution. Any change in the use of QIP funds or additional fundraising efforts will re

Any current/future capex/capital investment/strategic investment?

Ongoing capex in FY '26 was INR 370 crores, split as: - INR 198 crores for regular maintenance, capacity expansion, reengineering, automation in established products. - INR 172 crores towards value-added products such as IBC and composite cylinders. Investment in automation and re-engineering targeting 1.5% to 2% annual ROCE improvement. Completion of ongoing investments expected by September FY '27. Expansion projects in FY '27 include units for PE pipes (Sanand, Gujarat; Cuttack, Odisha), Packaging products (Chiplun, Maharashtra), recycling units planned in North and South India, and

Future growth expectations in sales/revenue/volumes?

Targeting 15% volume growth per annum on a consolidated basis. Revenue growth may vary based on polymer/oil prices but estimated revenue growth: - If raw material prices remain constant, revenue growth could be around 40%. Composite products expected to grow over 25%, outpacing overall growth. Overall sales estimated to increase from INR600 crores to over INR750 crores, a 25%+ growth projection for the year. Value-added products recorded 18% growth in FY '26; contribution increased to 29% of total sales. New product developments (hydrogen cylinders, fire extinguishers, air receiver

Future growth expectations in earnings/operating earnings/profits/EPS?

**Volume Growth:** Targeted at 15% per annum on a consolidated basis, driving revenue expansion. **Revenue Growth:** Expected around 40% if current raw material prices remain stable, driven by 15% volume growth and 25% price increase. **EBITDA Growth:** Projected to increase by 17%, supported by efficiency gains, automation, and higher-margin composites. **PAT Growth:** Anticipated minimum of 21%, benefiting from reduced finance costs and operational leverage. **Margin Improvement:** EBITDA margin expected to improve gradually by 1.5% to 2% annually due to automation, re-engineering, a

Current/ Expected Orderbook/ Pending Orders?

Composite and packaging business order book in India and overseas is over INR 900 crores. Specific segments: - Pipe business order book: INR 260 crores, but supply is held due to price revisions pending government approval. - Composite product order book: Approximately INR 194 crores. Growth in composite products expected to exceed 25% due to expansion and new product development. Overall order book spread includes value-added products contributing INR 1,741 crores (~29% of revenue) in FY '26. New composite CNG plant capacity is 1,080 units, with ramp-up expected. The company is cautious i

IN US

Sale is live|00:00:00left today

Time Technoplast LtdQ1 FY26Industrial Products

Time Technoplast Ltd Q1 FY26 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹182P/E: 19.7Market Cap: ₹8.8K CrSector: Industrial Products

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

4 of 5 growth signals are positive — a strong management growth story.

Full analysis

Revenue guidance

Category 1

→Targeting 15% volume growth per annum on a consolidated basis.
→Revenue growth may vary based on polymer/oil prices but estimated revenue growth:
→ - If raw material prices remain constant, revenue growth could be around 40%.
→Composite products expected to grow over 25%, outpacing overall growth.
→Overall sales estimated to increase from INR600 crores to over INR750 crores, a 25%+ growth projection for the year.
→Value-added products recorded 18% growth in FY '26; contribution increased to 29% of total sales.
→New product developments (hydrogen cylinders, fire extinguishers, air receiver tanks) expected to fuel future growth.
→Expansion and automation investments ongoing, expected to improve production capacity and operational efficiency.
→Business guidance remains steady despite market uncertainties, keeping growth ambitions intact.

Margin guidance

Category 3

→**Volume Growth:** Targeted at 15% per annum on a consolidated basis, driving revenue expansion.
→**Revenue Growth:** Expected around 40% if current raw material prices remain stable, driven by 15% volume growth and 25% price increase.
→**EBITDA Growth:** Projected to increase by 17%, supported by efficiency gains, automation, and higher-margin composites.
→**PAT Growth:** Anticipated minimum of 21%, benefiting from reduced finance costs and operational leverage.
→**Margin Improvement:** EBITDA margin expected to improve gradually by 1.5% to 2% annually due to automation, re-engineering, and consolidation.
→**Composite Products:** Value-added product segment growing over 25%, with higher margins (~17-18%) compared to legacy products (12-13%).
→**Long-Term Target:** Aiming to exceed $1 billion in revenue within the next 5 years, supporting sustainable profit and EPS growth.
→**Debt Reduction:** Company expects to become debt-free within 12-18 months, improving financial health and profitability.

3 more insights locked — sign up free to unlock

Fundraise plans

Yes

→The company completed a Qualified Institutional Placement (QIP) raising INR800 crores, primarily used to repay higher-cost bank debt of INR400 crores.
→Post repayment, net borrowing stands at approximately INR60 crores, considering surplus funds and deposits related to QIP.
→No immediate plans to raise new debt are indicated; future borrowings, if any, will be at lower cost and as needed.
→The utilize remaining QIP funds is earmarked strictly for capex and automation projects, monitored by a separate institution.
→Any change in the use of QIP funds or additional fundraising efforts will require board and shareholder approval.
→The company aims to be debt-free within 12 to 18 months following the current repayments and internal accruals.
→There is no mention of new equity fundraising in the current discussions or plans.

Order book

Yes

→Composite and packaging business order book in India and overseas is over INR 900 crores.
→Specific segments:
→ - Pipe business order book: INR 260 crores, but supply is held due to price revisions pending government approval.
→ - Composite product order book: Approximately INR 194 crores.
→Growth in composite products expected to exceed 25% due to expansion and new product development.
→Overall order book spread includes value-added products contributing INR 1,741 crores (~29% of revenue) in FY '26.
→New composite CNG plant capacity is 1,080 units, with ramp-up expected.
→The company is cautious in execution amid raw material price volatility and ongoing geopolitical uncertainties, waiting for market normalization before finalizing acquisitions or expanding order fulfilment aggressively.

Capex plans

Yes

→Ongoing capex in FY '26 was INR 370 crores, split as:
→ - INR 198 crores for regular maintenance, capacity expansion, reengineering, automation in established products.
→ - INR 172 crores towards value-added products such as IBC and composite cylinders.
→Investment in automation and re-engineering targeting 1.5% to 2% annual ROCE improvement.
→Completion of ongoing investments expected by September FY '27.
→Expansion projects in FY '27 include units for PE pipes (Sanand, Gujarat; Cuttack, Odisha), Packaging products (Chiplun, Maharashtra), recycling units planned in North and South India, and packaging plant in Saudi, Dammam.
→Strategic acquisitions under consideration:
→ - Ebullient Packaging (flexible IBC product) acquisition delayed due to market uncertainties; valuation at INR 200 crores enterprise value.
→ - Systoverse Private Limited (pipe manufacturing in Maharashtra) acquisition approved with investment around INR 125 crores expected to pay back under 2 years.
→Target to increase green energy use to 75% of power consumption over next 2 years through solar partnerships.

How does Time Technoplast Ltd rank vs peers in Industrial Products?

Pro feature

1Time Technoplast Ltd

Rev 1Mar 3

See full Industrial Products sector rankings

Want more stocks like Time Technoplast Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio