Manufactures industrial plastic products split into two reporting segments. Polymer Products generated ₹3,819.17 crore of FY26 revenue with EBIT of ₹414.32 crore, and Composite Products generated ₹2,286.03 crore of FY26 revenue with EBIT of ₹294.49 crore. The Composite Products line includes Type IV composite LPG cylinders; a 10 kg variant is sold to oil marketing companies, with HPCL placing a ₹38.14 crore order through the GeM portal in July 2026 for 1,40,000 units to be delivered within six months. These cylinders are being deployed in pilot programmes for on-demand LPG delivery via quick-commerce platforms such as Instamart, branded as HP Navya. Polymer Products covers broader polymer-based industrial goods for downstream industrial users, with no specific end-products disclosed in the filings. Raw materials are by far the largest cost line at 72.3% of FY26 revenue, with capex at 7.4% and depreciation at 3.0% of revenue, indicating an asset-heavy manufacturing set-up. FY26 EBITDA margin stood at 14.76% on ₹6,105.20 crore of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Polymer Products, Composite Products. Asset-heavy industrial plastics manufacturer with cyclical demand from oil marketing and industrial customers.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,650 | 4,289 | 4,993 | 5,457 | 6,105 |
| EBITDA (ex other income) | 506 | 577 | 691 | 785 | 892 |
| margin % | 13.9 | 13.5 | 13.8 | 14.4 | 14.6 |
| Owners' profit | 188 | 219 | 310 | 388 | 469 |
| EPS, as reported (₹) | 8.31 | 9.69 | 13.71 | 17.10 | 9.99 |
| ROE % · ROCE % | 9.0 · 13.8 | 9.6 · 14.9 | 12.1 · 17.9 | 13.3 · 18.7 | 11.4 · 15.8 |
| Debt / equity (x) | 0.39 | 0.35 | 0.28 | 0.22 | 0.15 |
| Cash from operations | 291 | 370 | 406 | 431 | 233 |
| Capex | (187) | (225) | (181) | (196) | (453) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,371 | 1,388 | 1,469 | 1,353 | 1,511 | 1,565 | 1,677 | 1,693 |
| Profit before tax | 133 | 137 | 150 | 129 | 157 | 171 | 181 | 158 |
| Net profit | 100 | 102 | 112 | 97 | 117 | 129 | 134 | 118 |
| EPS (₹) | 4.33 | 4.44 | 4.83 | 4.19 | 2.54 | 2.75 | 2.67 | 2.35 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Polymer Products | 3,819 | 62.6 |
| Composite Products | 2,286 | 37.4 |
| Total, before eliminations | 6,105 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 42,745 | 41.2 | 6.93 | 26.3 | 15.5 | 17.9 | 12.0 | 15.0 |
| ASTRAL LIMITED | 37,967 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Record date Sept 15, 2026 fixed for FY26 final dividend of Rs 1.50 per share | corporate actions | high | — | — |
| 1 Sept 2026 · Notice of 36th AGM, dividend record date and e-voting details | compliance | minimal | — | — |
| 31 Aug 2026 · Time Technoplast files BRSR for FY26 with recycling and hydrogen milestones | general | low | — | — |
| 31 Aug 2026 · Time Technoplast Annual Report FY26: Record Revenue, EBITDA, PAT | results | high | — | — |
| 31 Aug 2026 · 36th AGM notice on Sept 22, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Time Technoplast bags Rs 87.53 Cr Type IV CNG cylinder order from PSU | business updates | high | — | — |
| 28 Aug 2026 · Time Technoplast 36th AGM on Sep 22, 2026; 150% final dividend | compliance | minimal | — | — |
| 26 Aug 2026 · TTL approves TPL Plastech merger, drops EPPL deal, invests Rs 50Cr in TICL | strategic transactions | high | — | — |
| 26 Aug 2026 · Board approves in-principle merger of subsidiary TPL Plastech with Time Technoplast | strategic transactions | high | — | — |
| 26 Aug 2026 · TTL Board approves TPL Plastech merger, drops EPPL acquisition | strategic transactions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 65.9 |
| 9.36 |
| 34.3 |
| 13.2 |
| 16.9 |
| 15.6 |
| 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,077 | 41.5 | 6.05 | 31.9 | 12.7 | 16.4 | 16.5 | 30.3 |
| FINOLEX INDUSTRIES LTD | 9,504 | 15.4 | 1.53 | 11.1 | 9.6 | 11.8 | 3.5 | 20.6 |
| TIME TECHNOPLAST LTD. ◆ | 8,934 | 17.6 | 2.14 | 10.0 | 11.4 | 14.0 | 15.2 | 13.3 |
| KINGFA SCI & TEC IND LTD. | 8,422 | 37.3 | 6.02 | — | 13.2 | 17.7 | — | 16.9 |
| PRINCE PIPES FITTINGS LTD | 2,950 | 28.9 | 1.79 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,444 | — | 2.74 | 32.3 | 0.5 | 1.0 | — | 1.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.6 | 15.2 | 33 of 54 | 38% |
| P/B | 2.1 | 1.8 | 32 of 43 | 26% |
| ROCE | 14.0 | 7.1 | 16 of 57 | 73% |
| ROE | 11.4 | 7.6 | 14 of 48 | 72% |
| Debt / Equity | 0.1 | 0.1 | 25 of 48 | 49% |
| EBITDA margin | 13.3 | 11.6 | 14 of 43 | 69% |
| Revenue growth | 25.1 | 10.6 | 17 of 49 | 67% |
| Profit growth | 22.1 | 20.7 | 23 of 47 | 52% |
| Market cap | 8934 | 130 | 5 of 56 | 93% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
