Time Technoplast Ltd. News and Updates

Name: Latest research reports of Time Technoplast Ltd. authored by Kotak Securities and published by - Trendlyne research reports.
Item: Time Technoplast Ltd.
Rating: 5
Author: Kotak Securities

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Time Technoplast Ltd.

31 Dec 2018

487.65

1.72%

Time Techno

Buy: Time Technoplast Ltd.

Target

Kotak Securities

The management expects revenue growth of 15% and modestly higher EBITDA margins in FY20 aided by increasing share of value-added products. At CMP, TTL is trading at P/E of 12.4x and 9.4x FY19E and FY20E earnings respectively, which is attractive as it is at a discount to midcap index valuation. In recent months, the TTL stock has been derated in line with 1) general sell-off in the midcaps and smallcaps universe 2) Weak Q2FY19 results and 3) concerns on promoter stake sales. At the current price, valuations are attractive. Hence, we continue to maintain our positive...

Time Technoplast Ltd. has an average target of 578.00 from 1 broker.

Time Technoplast Ltd.

12 Dec 2018

487.65

1.72%

Time Technoplast Ltd. - Q2FY19 Result Update - Value added offerings to drive growth

Buy: Time Technoplast Ltd.

Target

Religare

Time Technoplast Ltd (TTL) Q2FY19 net revenue increased by 14.2% YoY in Q2FY19, driven by 9% growth in volumes. However, EBITDA declined by 1.6% YoY, while EBITDA margins contracted 209bps YoY to 13%, impacted by input cost inflation and rupee depreciation. Further, decline in the other income and higher depreciation, interest & tax expense resulted in 24.7% YoY decline in PAT.

Time Technoplast Ltd. has gained 31.42% in the last 3 Months

Time Technoplast Ltd.

22 Nov 2018

487.65

1.72%

Time Techno

Buy: Time Technoplast Ltd.

Target

Kotak Securities

Time Technoplast reported weak numbers for the quarter as increase in commodity prices and INR depreciation led to decline in gross margins. Increase in cost of borrowings aided to decline in profits....

Time Technoplast Ltd. is trading above all available SMAs

Time Technoplast Ltd.

19 Nov 2018

487.65

1.72%

Time TechnoPlast

Hold: Time Technoplast Ltd.

Recommendation Target

ICICI Securities Limited

TTL recorded consolidated sales growth of ~14% YoY led by volume growth of ~9% YoY in Q2FY19. Value added product categories (VAPs) recorded sales growth of ~21% YoY led by sharp growth in revenue (1.8x jump) of Mox films. Also, established products (EPs) category (topline contribution ~80%) recorded sales growth of ~12% YoY driven by sales growth of ~11% and ~27% YoY in the plastic product and PE pipes category, respectively. Under the established product category, the performance of the piping...

Time Technoplast Ltd. is trading above all available SMAs

Time Technoplast Ltd.

06 Aug 2018

487.65

1.72%

Time Techno

Buy: Time Technoplast Ltd.

Kotak Securities

The company reported volume growth of 14% in Q1FY19 The share of value added products has risen to 19% of the total sales in Q1FY19 as against 17% in the corresponding quarter of previous year....

Time Technoplast Ltd. has gained 24.16% in the last 6 Months

Time Technoplast Ltd.

06 Aug 2018

487.65

1.72%

Time TechnoPlast

Buy: Time Technoplast Ltd.

Target

ICICI Securities Limited

TTL recorded consolidated sales growth of ~15% YoY led by volume growth of ~14% YoY in Q1FY19. Value added product categories (VAPs) recorded sales growth of ~31% YoY led by sharp growth in revenue (3x jump) of Mox films. Also, established products (EPs) category (topline contribution ~81%) recorded sales growth of ~11% YoY driven by sales growth of ~10% YoY in the plastic product category. Under the established product category, the performance of the piping segment recorded strong revenue growth...

Time Technoplast Ltd. has gained 24.16% in the last 6 Months

Time Technoplast Ltd.

29 May 2018

487.65

1.72%

TIME's Q4FY18 revenue increased by 16.4% YoY to Rs9.4bn, ahead of estimate led by robust...

Buy: Time Technoplast Ltd.

Emkay

TIME's Q4FY18 revenue increased by 16.4% YoY to Rs9.4bn, ahead of estimate led by robust growth in Value Added Products. VAP has grown at 51% in FY18 to Rs5.6bn and revenue contribution has increased to 18% (from 13% in FY17). Q4FY18 EBITDA increased by 30% YoY to Rs1.46bn ahead of estimate, translating into EBITDA margin of 15.5% (+160bps YoY). PAT at Rs554m is up 29% YoY and in line with estimate. Higher interest cost and tax incidence marginally impacted the bottomline. RoCE improved to 15.0% (vs 14.0% in FY17). India & Overseas revenue split in FY18 was...

Time Technoplast Ltd. has gained 31.42% in the last 3 Months

Time Technoplast Ltd.

29 May 2018

487.65

1.72%

Time TechnoPlast

Buy: Time Technoplast Ltd.

Target

ICICI Securities Limited

TTL recorded consolidated sales growth of ~16% YoY led by volume growth of ~19% YoY in Q4FY18. Value added product categories (VAPs) recorded sales growth of ~59% YoY led by ~80% revenue growth in the composite cylinders category. Also, established products (EPs) category recorded sales growth of ~10% YoY driven by sales growth of ~10% YoY in plastic product category. Under the established product category, the performance of the piping segment remained muted owing to upward revision of indirect taxes...

Time Technoplast Ltd. has gained 24.16% in the last 6 Months

Time Technoplast Ltd.

23 Feb 2018

487.65

1.72%

Time Technoplast - Q3FY18 Result Update - Value added products to drive growth

Buy: Time Technoplast Ltd.

Religare

Time Technoplast reported good Q3FY18 result with Net Revenue and Net profit growth of 12.5% and 27.9% yoy respectively. The overall volume growth for Q3FY18 was 16% yoy, wherein India and overseas businesses reported strong performance. Its profitability improved with higher sales of Value added products (45% volume growth yoy).

Time Technoplast Ltd. has gained 31.42% in the last 3 Months

Time Technoplast Ltd.

16 Feb 2018

487.65

1.72%

Time Technoplast's (TIME) consolidated net sales increased by 12.5% yoy to Rs7.55bn, led...

Buy: Time Technoplast Ltd.

Emkay

Time Technoplast's (TIME) consolidated net sales increased by 12.5% yoy to Rs7.55bn, led by strong growth of 50.6% in Value Added Products. Consequently, contribution of VAP increased to 18% in 9MFY18 vs 14% in 9MFY17. Volume increased by 16% yoy in Q3FY18. Variation in volume and revenue growth was largely on account of INR appreciation. Overseas revenue contribution stood at 30% in 9MFY18 (vs 29% in 9MFY17). EBITDA increased by 13.3% yoy to Rs1.17bn, whereas EBITDA margin stood at 15.4% Adj. PAT stood at Rs467mn, up 27.8% yoy, supported by lower interest outgo (-4.9% yoy) and reduced tax rate (-310bps yoy)....

Time Technoplast Ltd. has gained 31.42% in the last 3 Months

Is Time Technoplast Ltd. worth buying?

362 Votes:

Buy 87.02%

Sell 7.46%

Hold 5.52%

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