Risk Intelligence
Raw material price volatility
View Risks →Time Technoplast delivered a solid Q3 FY26 with revenue of ₹1,567 crore (+13% YoY) and PAT of ₹126 crore (+25% YoY), driven by 15% volume growth and a rising share of value-added products (30% of sales vs 27% last year).
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Time Technoplast delivered a solid Q3 FY26 with revenue of ₹1,567 crore (+13% YoY) and PAT of ₹126 crore (+25% YoY), driven by 15% volume growth and a rising share of value-added products (30% of sales vs 27% last year). The composite segment grew 23%, supported by a healthy order book of ₹165 crore for Type-4 cylinders. Management reiterated a 15% revenue growth trajectory and guided for ROCE improvement to 20% in FY26 (9M: 18.6%). Key margin drivers include automation (₹75 crore capex), solar power savings (~₹10 crore annualized from FY27), and debt reduction to near-zero in 6 months, cutting finance costs from ~₹90 crore to ₹25-30 crore. Risks include potential raw material volatility and slower-than-expected ramp-up of new composite capacity.
Raw material price volatility
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Read Transcript →Overall volume growth for 9M FY26, with India at 13% and overseas at 17%.
CG composite cascade segment grew 23% in 9M, boosting overall performance.
Share of value-added products increased from 27% to 30% of total sales in 9M.
Healthy order book for Type-4 composite cylinders as of Q3 end.
Management targets 20% ROCE for the full year, up from 18.6% in 9M, driven by margin expansion and debt reduction.
Polymer prices have declined, but any reversal could pressure margins.
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