Today, it has emerged as a formidable player in the polymer space, with a product repertoire that caters diverse segments like industrial packaging, lifestyle, auto components, healthcare and infrastructure. Its focus on technology in the polymer space and consistent efforts in developing a broad range of products across multiple verticals has enabled it to straddle a wide spectrum of user industries and thereby reduce dependence on any single product or user industry. The company's established market position is reflected in the domestic plastic based industrial packaging where it enjoys dominant market share.

TTL is now a multinational conglomerate with operations in Bahrain, Belgium, China, Egypt, Indonesia, India, Korea, Malaysia, Poland, Romania, Singapore, Sharjah, Taiwan, Thailand, Vietnam.

Its portfolio consists of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure / Construction related products, Material Handling Solutions & Composite Cylinders.

September 2013 quarter consolidated results- sales jump 46% but OPM crash 530 basis points

Time Technoplast reported a 46% rise in consolidated sales to Rs 632.31 crore for the quarter ended September 2013.

OPM crashed 530 basis points from 17.1% to 11.8% which limited OP growth to just 1% to Rs 74.84 crore.

Other income jumped 647% to Rs 1.05 crore from Rs 14 lakh.

Interest cost grew 5% to Rs 24.46 crore and depreciation grew 43% to Rs 21.60 crore.

Thus PBT went down 17% to Rs 29.83 crore.

After providing for tax (down 14% to Rs 7.00 crore) PAT fell 17% to Rs 22.83 crore.

Minority interest stood at Rs 93 lakh against Rs 85 lakh, up 9%. Finally net profit fell 18% to Rs 21.90 crore

Six month results – Consolidated sales are up 22% but net profit is down 18%

For the six months ended September 2013 the company reported a 22% rise in consolidated sales to Rs 1021.50 crore.

OPM fell 270 basis points to 14.1% which saw OP rising just 3% to Rs 144.32 crore.

Other income jumped 120% to Rs 1.08 crore. Interest cost grew 9% to Rs 47.28 crore and depreciation jumped 42% to Rs 42.61 crore.

Thus PBT fell 17% to Rs 55.51 crore.

After providing for tax (down 15% to Rs 13.01 crore) PAT fell 18% to Rs 42.51 crore.

Minority interest stood at Rs 1.61 crore, down 2%. Finally net profit fell 18% to Rs 40.89 crore

Valuation

The share price trades at Rs 33.