Comments
Epic Research
Time Technoplast (Buy)
CMP: ₹126
Target: ₹166
Time Technoplast is engaged in manufacturing plastics products. The company’s segments include polymer products and composite products. It offers industrial packaging products, infrastructure products, technical products, material handling products and composite cylinders. The company’s rigid industrial packaging products include high molecular high density polyethylene (HM-HDPE) drums, jerry-cans, pails and intermediate bulk containers.
The mid- and small-cap index on a whole have taken a beating this year. The recent quarterly performance for Q1FY19 by Time Techno has provided ample reasons to investors that it’s a good buy at current levels. The share of value added product in total sales has increased to 18 per cent in FY18 from 12 per cent in FY16 along with margin expansion in same category. Management is positive on increasing ROCE above 20 by 2021.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.