Synopsis: Time Technoplast launches QIP with ground value ₹211.70 to boost capital, primarily in the direction of debt discount, capex enlargement, scaling increased worth composite merchandise, automation upgrades and supporting development, working capital and different company wants.
This firm is a multinational conglomerate concerned within the manufacturing of know-how and innovation pushed polymer & composite merchandise is now within the highlight after it launched QIP with ground value of Rs. 211.70 per share.
With market capitalization of Rs. 9,533 cr, the shares of Time Technoplast Ltd closed at Rs. 209.64 per share, from its earlier shut of Rs. 209.14 per share. The inventory has corrected almost 15% year-to-date, and within the final one month alone it has delivered a detrimental return of round 5%.
About QIP
Time Technoplast has just lately launched a Certified Institutional Placement (QIP) to boost funds with a ground value mounted at ₹211.70 per fairness share. As per SEBI ICDR Rules, the Firm could provide as much as 5% low cost on the ground value.
The firm intends to unfold the investments each in India and in its international subsidiaries to attain varied strategic targets. Amongst them are the compensation of quick and long-term borrowings, capex for the unfold of the corporate each at greenfield and brownfield models, and the scaling of the value-added product classes similar to IBCs, composite options together with CNG / LPG / Hydrogen cylinders and cascades.
Additionally it is doable that the corporate will put aside among the funds for use for automation, mould/ equipment upgrades to facilitate value efficiencies and enhance revenue margins, in addition to to develop and strengthen natural & inorganic development alternatives, working capital and common company functions.
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In regards to the firm
Time Technoplast Ltd is a number one multi-product polymer & composites manufacturing firm catering throughout industrial packaging, mobility options, materials dealing with, composite cylinders, healthcare and infrastructure segments. The corporate has sturdy home presence together with world footprint throughout a number of geographies and can be scaling new vitality options like superior batteries, Kind-IV composite cylinders and hydrogen storage functions, positioning itself strongly for future clear mobility transitions.
The corporate continues to point out bettering return metrics with ROCE at 17.4% and ROE at 14.2%. The corporate has additionally delivered wholesome revenue development of 18% CAGR during the last 5 years.
Gross sales of the corporate fell from Rs. 1,469 cr in Q4FY25 to Rs. 1,353 cr in Q1FY26. Working revenue declined to Rs. 195 cr from Rs.. 214 cr. Web revenue additionally declined from Rs. 112 cr to Rs. 97 cr over the identical interval.
Promoters holding stands at 51.62% in Q2FY6. FII’s elevated their stake to eight.41% from 8.29% in Q1Y26. DII’s holding rose to 13.18% from 12.92%. Public holding barely fell to 26.79% from 27.16%
Written by Manideep Appana
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