Time Technoplast Limited has informed the Exchange about Investor Presentation
TIME
BSE Limited 1* Floor, New Trading Ring,
Rotunda Building,
P.J. Towers, Dalal Street, Fort, Mumbai — 400 001 Scrip Code: 532856
February 11, 2025.
To,
National Stock Exchange of India Ltd. Exchange Plaza, 5" Floor,
Plot No. C-1, Block G,
Bandra — Kurla Complex, Bandra (East), Mumbai — 400 051 Symbol: TIMETECHNO
Dear Sir/Madam,
Sub: Earnings Presentation
We enclose herewith a copy of the ‘Earnings Presentation’ in respect of the Unaudited Financial Results declared for the Quarter and Nine Months ended December 31, 2024.
Earnings
The www.timetechnoplast.com
Presentation
is
also
being
hosted
on
the
Company’s
website
at
This is for your information and records.
Thanking You,
Yours Faithfully,
For TIME TECHNOPLAST LIMITED
(oer
BHARAT KUMAR VAGERIA
MANAGING DIRECTOR
DIN: 00183629
TIME TEGHNOPLAST LTD. Bringing Polymers To Life CIN : L27203DD1989PLC003240 Regd. Office : 101, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396210 Corp. Off. : 55, Corporate Avenue, 2nd Floor, Saki Vihar Road, Andheri (East), Mumbai - 400 072 INDIA Tel. : 91-22-7111 9999 Fax : 91-22-2857 5672 E-mail : tti@timetechnoplast.com Website : www.timetechnoplast.com : 9849019428 Kolkata : (033) 46037097/98 Bangalore : (080) 26608056/61 Baddi : 9816720202/9816700202/9816820202 Chennai (044) 4501 0019/29 Delhi : (0120) 4326144/4284946 Hyderabad
BHARAT KUMAR VAGERIADigitally signed by BHARAT KUMAR VAGERIA Date: 2025.02.11 21:05:01 +05'30' B S E : 5 3 2 8 5 6 | N S E : T I M E T E C H N O | I S I N : I N E 5 0 8 G 0 1 0 2 9 | C I N : L 2 7 2 0 3 D D 1 9 8 9 P L C 0 0 3 2 4 0
Earnings Presentation Q3 & 9M FY2025
©2025, Time Technoplast Ltd., All Rights Reserved
Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Time Technoplast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
2
Financial Highlights
9MFY25 Financial Snapshot
Total Income (₹ Mn)
EBITDA (₹ Mn) and Margin (%)
PAT (₹ Mn)
+11%
36,013
39,915
14.1%
14.4%
+13%
5,745
5,078
+28%
2,784
2,181
9MFY24
9MFY25
9MFY24
9MFY25
9MFY24
9MFY25
Particulars
India
Overseas
Volume Growth (14% YoY)
Revenue Growth (11% YoY)
Revenue Contribution
EBITDA Margin
PAT Margin
Cash Profit Margin
14%
10%
65%
14.5%
6.6%
10.1%
16%
12%
35%
14.2%
7.7%
10.4%
o Value added products grew by 17% in 9MFY25 as compared to 9MFY24,
while established products grew by 9%. The company’s focus remains to
increase the share of value-added products in its revenue and improve
margins.
o Total Debt reduced by Rs. 924 Mn in 9MFY25
o Net Cash from Operating Activities in 9MFY25 is Rs. 2,850 Mn
4
9MFY25 Segmental Performance (Based on Regulatory Reporting )
Polymer Products
Revenue (₹ Mn) and EBITDA Margin (%)
13.6%
13.9%
+9%
23,425
25,456
9MFY24
9MFY25
Composite Products
Revenue (₹ Mn) and EBITDA Margin (%)
15.0%
15.3%
+15%
12,557
14,427
9MFY24
9MFY25
36%
64%
Polymer Products
Composite Products
Polymer Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins and MOX Films
Composite Products: Intermediate Bulk Containers (IBC), Composite Cylinders (LPG, Oxygen & CNG), Energy storage devices, Auto Products and Steel Drums.
5
9MFY25 Segmental Performance (Based on Business Categorization)
Established Products
Revenue (₹ Mn) and EBITDA Margin (%)
12.8%
12.9%
+9%
26,638
28,930
9MFY24
9MFY25
Value Added Products
Revenue (₹ Mn) and EBITDA Margin (%)
17.8%
18.2%
+17%
9,375
10,985
9MFY24
9MFY25
27%
73%
Established Products
Value Added Products
Established Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins, Energy storage devices, Auto Products and Steel Drums.
Value Added Products: Intermediate Bulk Containers (IBC), Composite Cylinders (LPG, Oxygen & CNG) and MOX Films.
6
Q3FY25 Financial Snapshot
Total Income (₹ Mn)
EBITDA (₹ Mn) and Margin (%)
PAT (₹ Mn)
+5%
13,266
13,893
14.5%
14.6%
+5%
1,925
2,022
+10%
916
1,008
Q3FY24
Q3FY25
Q3FY24
Q3FY25
Q3FY24
Q3FY25
Particulars
Volume Growth (11% YoY)
Revenue Growth (5% YoY)
Revenue Contribution
EBITDA Margin
PAT Margin
Cash Profit Margin
India
10.0%
3.0%
64%
14.7%
6.9%
10.4%
Overseas
o Value added products grew by 13% in Q3FY25 as compared to Q3FY24,
15.0%
9.0%
36%
14.3%
7.9%
10.6%
while established products grew by 2%. The company’s focus remains to
increase the share of value-added products in its revenue and improve
margins.
7
Quarterly Segmental Performance (Based on Regulatory Reporting )
Polymer Products
Revenue (₹ Mn) and EBITDA Margin (%)
13.9%
13.9%
+2%
8,610
8,756
Q3FY24
Q3FY25
Composite Products
Revenue (₹ Mn) and EBITDA Margin (%)
15.6%
15.7%
+10%
4,636
5,122
Q3FY24
Q3FY25
37%
63%
Polymer Products
Composite Products
Polymer Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins and MOX Films
Composite Products: Intermediate Bulk Containers (IBC), Composite Cylinders (LPG, Oxygen & CNG), Energy storage devices, Auto Products and Steel Drums.
8
Quarterly Segmental Performance (Based on Business Categorization)
Established Products
Revenue (₹ Mn) and EBITDA Margin (%)
13.1%
9,690
+2%
12.9%
9,865
Q3FY24
Q3FY25
Value Added Products
Revenue (₹ Mn) and EBITDA Margin (%)
18.4%
18.6%
+13%
3,575
Q3FY24
4,028
Q3FY25
29%
71%
Established Products
Value Added Products
Established Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins, Energy storage devices, Auto Products and Steel Drums.
Value Added Products: Intermediate Bulk Containers (IBC), Composite Cylinders (LPG, Oxygen & CNG) and MOX Films.
9
Key Highlights
₹ 2,850 Mn
Cash Generated from Operating Activities – 9MFY25
₹ 924 Mn Total Debt reduced by – 9MFY25
₹ 1,502 Mn
Total CAPEX – 9MFY25
33%
Composite Cylinders growth (CNG) – 9MFY25
65:35
Share of Business (India v/s Overseas) – 9MFY25
17.0%
Return on Capital Employed – 9MY25. FY24 – 16.4%
₹ 4,350 Mn
Confirm Tender received for Supply of Packaging Products
₹
₹ 1,750 Mn
Strong order book- Composite Cylinders (CNG Cascades)
₹ 1,600 Mn
Strong order book- PE Pipes
10
Other Highlights
1. Qualified Institutional Placement (QIP): Necessary approval including Board & Shareholders for raising of funds by issue of equity shares through Qualified Institutions Placement (QIP) has been obtained for an amount not exceeding ₹1,000 Crores which is valid till November 27, 2025.
2. Consolidation of Products and Manufacturing Units: The Company has made a strategic decision to consolidate its products and manufacturing units. This includes Brownfield expansion and adding New Units, which will better align with evolving market demands while optimizing operational costs.
3. Green Energy- Conversion of Electricity Units consumed to Solar Power: The Company has committed to transform 75% of its electricity consumption to green energy within the next two years by tie up with solar power generating Companies. This transition will not only result in cost savings but also contribute to a significant reduction in carbon emissions. As part of its dedication to sustainability, the Company is actively participating in global efforts to reduce carbon emissions.
4. Sale of Non-Core Assets: Company had identified non-core assets for disposal with an estimated realization value of Rs. 125 Crores (approx.) which has now reduced to Rs. 51 Crores being balance amount already realized.
5. Launch of E-Rickshaw Batteries by Power Build Batteries Private Ltd: Our subsidiary i.e. Power Build Batteries Private Limited has developed a low cost, high-performance E-Rickshaw battery in the brand name of “e-START with SELENIUM”. With advanced lead-acid technology and enhanced with selenium, these batteries offer superior performance, safety and efficiency. The growing demand for e-rickshaws is supported by eco-friendly policies. Our battery solution meets OEM standards and ensures reliable power output and quick recharge, contributing to the expansion of clean mobility in India.
6. Higher Ranking in ET 500 Company: In the Economic Times 500 rankings for FY24, published on December 24, 2024, Time Technoplast has ascended 20 positions, securing the 380th rank, up from 400th in FY23.
11
Other Highlights
7. Type-III Hydrogen Composite Cylinder for Drone Applications: We are pleased to announce that the Company has received an APPROVAL from the Nodal Agency, Petroleum and Explosives Safety Organization (PESO) for the manufacture and supply of HIGH-PRESSURE TYPE-3 FULLY WRAPPED FIBRE REINFORCED COMPOSITE CYLINDERS (6.8 Litres). These HIGH-PRESSURE CYLINDERS WILL FIND USAGE FOR STORING HYDROGEN TO POWER FUEL CELL DRIVEN UNMANNED AERIAL VEHICLES AND DRONE APPLICATIONS. This is a significant milestone making Time Technoplast Ltd. – the FIRST COMPANY IN INDIA to receive such an Approval for Manufacture of Type-3 Fully Wrapped Fibre Reinforced Composite Cylinders for Hydrogen Powered Fuel Cell, Unmanned Aerial Vehicles (UAV’S) & Drones.
8. Focus on Improving ROCE: We remain committed to driving growth through continued focus on cost reduction via automation and re-engineering of machinery and moulds, and optimizing the working capital cycle. These efforts are strategically aimed at enhancing net earnings and improving Return on Capital Employed (ROCE).
12
Company Overview
Time Technoplast at a Glance
Business Mix (FY24 Total Revenue : Rs. 5,007 Cr.)
Industrial Packaging Sales by User Industry
75%
(Rs. 3,725 Cr.)
Established Products
25%
Value-Added Products
(Rs. 1,282 Cr.)
76%
64%
Industrial Packaging Polymer Drums, Jerry Cans, Pails
12%
Industrial Packaging - Intermediate Bulk Container (IBC)
64%
12%
7%
Infrastructure Polyethylene (PE) Pipes, Energy storage devices
10%
Composite Products (LPG, CNG & Oxygen)
Polymer Drums, Jerry Cans, Pails
IBC
Total Industrial Packaging
4%
5%
6%
31%
12%
13%
29%
4%
Technical & Lifestyle Turf & Matting, Disposable Bins, Auto Products
3%
MOX Film (Techpaulin)
Specialty Chemicals
FMCG
Construction Chemicals
Paints
Pharmaceuticals
Food Products
Lube Oil & Additives
o Strong presence in Asia & MENA regions o 14+ recognized brands with over 900 institutional customers globally o Well established in-house R&D team of over 30 people combined experience of 450+ years
14
…with over three decades of leadership position
Pre IPO (prior to 2007)
Post IPO (from 2007)
1992 - 2000
2001 - 2006
2007 - 2010
2011 - 2020
2020 onwards
o Incorporated Pvt. Ltd. Co. o Production facilities in
western region
o Launched Automotive
related Products
o Launched Lifestyle
products
o Expanded in North and
South India
o Production facilities in East
India
o Ventured in Thailand
o Acquisition of TPL Plastech Ltd. formerly known as Tainwala Polycontainers Ltd.
o Got listed on NSE & BSE
o Entered into battery business by way of acquisition of NED Energy Ltd.
o JV with Mauser for
manufacturing steel drums
o Green field manufacturing set up in Sharjah (UAE)
o Additions in products base such as Plastic Fuel Tanks, IBC and Disposal Bins
o Green field manufacturing set up overseas - Bahrain, Indonesia, Vietnam, Egypt, Malaysia and USA
o Acquisition in Industrial Packaging Segment – Thailand, Taiwan and Saudi Arabia
o Started HDPE and Cable
Ducts pipe manufacturing
o Acquisition of company for technology of Composite Cylinders, consolidation with existing operations and Launch of LPG cylinders
o Started MOX films business
o Expanded in USA with 3rd
Greenfield unit
o 1st and only company in India to receive PESO approval for manufacturing of Type-IV CNG cylinders for Cascade and on-board applications.
o Expanded composite
cylinder portfolio with launch of Type-III Cylinders for breathing air and medical oxygen.
o 1st company in India to
receive PESO approval for manufacturing of High- Pressure Type-IV Composite Cylinders for Hydrogen.
15
Who We Are
LEADING THROUGH INNOVATION AND TECHNOLOGY
Leading Global Industrial packaging company
First to launch Type-IV Composite Cylinder for LPG, CNG (CNG cascade and on-board application), and Hydrogen in India. 2nd Largest Composite Cylinder manufacturer worldwide.
Dominant market position with over 55% market share in domestic Industrial packaging. World’s largest manufacturer of large size plastic drums
2nd largest MOX film manufacturer in India
Market leader in 9 out of 11 countries it operates in
2
Major Player in manufacturing of HDPE pipes in India
First to launch Intermediate Bulk Container (IBC) in India and 3rd Largest IBC manufacturer worldwide.
©2025, Time Technoplast Ltd., All Rights Reserved
16
…with diversified product portfolio
Industrial Packaging
Infrastructure
Auto Components
Drums & Containers
Jerry Cans
Conipack Pails
HDPE Pipes
Energy Storage Devices
Innovative Polymer Products
Industrial Packaging - Composite IBCs
Composite Products (LPG, CNG and Oxygen)
MOX Films
Value Added Products
DEF (Urea) Tanks
Hi-Tech Products
Composite Air Tank
Hydraulic Oil Tank
•
•
•
•
•
•
•
•
Focus on Innovative & Tech oriented polymer products and have several firsts to our credit-
1st to launch PE drums to replace steel
1st to launch Tubular Gel Batteries
1st to launch Anti-Spray Rain Flaps
1st Plastic Fuel tanks in CVs
1st to launch IBC
1st to launch Composite Gas cylinders
1st to receive approval for Composite cylinders for Hydrogen
and more…
17
…with wide geographical presence
Manufacturing Presence in 11 Countries to meet local demand | 20 Manufacturing locations in India
United States
Bahrain
Egypt
Saudi Arabia
UAE
India
Thailand
Taiwan
Malaysia
Vietnam
Indonesia
Baddi
Pant Nagar
Bhuj
Ahmedabad
Ratlam
Panoli Jambusar Daman (U.T)
Silvassa
Pen Mahad
Hyderabad
Talasari Mumbai
Kolkata
Vizag
Gummudipundi
Bengaluru
Hosur
Head Office
Manufacturing Locations
WE are where OUR CUSTOMERS are…. Focus on high growth manufacturing geographies
18
…with global marquee clients
19
…with efforts towards sustainable development
10% Reduction in Carbon Footprint from FY23
Employee Wellness- Medical check-up, Yoga & Stress Management sessions; Employee Welfare Trust to provide support
Ground water make up by installing Rainwater Harvesting
10% Reduction in hazardous waste from FY23 by implementing 3R (Reduce, Recycle & Reuse)
Developed 10% Green Belt by planting the trees like Mango, Ashok etc.
Saving of 10% from Renewable Energy (Solar Power) to Total Electricity Consumption
PAN India units registered under EPR, for reprocessing packaging products post- consumer use
20
…with contribution for better society and a better tomorrow
Empowering Women
Rural Development Projects
Benefits to underprivileged
Promoting Sanitation
Promoting Healthcare
Providing Education
Benefits to Armed Forces Veterans
Eradicating Hunger
21
Appendix
Consolidated Income Statement
Particulars (₹ Mn)
Q3FY25
Q3FY24
Total Income
Total Expenses
EBITDA
EBITDA Margin (%)
Finance Cost (Net)
Depreciation
PBT
Tax
PAT before Minority Interest
Minority Interest
PAT after Minority Interest
PAT Margins (%)
EPS (₹)
13,893
11,871
2,022
14.6%
225
430
1,367
343
1,024
16
1,008
7.3%
4.44
13,266
11,341
1,925
14.5%
249
417
1,258
327
931
15
916
6.9%
4.05
Y-o-Y
5%
5%
9%
10%
9MFY25
9MFY24
39.915
34,170
5,745
14.4%
695
1,256
3,794
967
2,826
42
2,784
7.0%
12.27
36,013
30,935
5,078
14.1%
768
1,330
2,980
764
2,216
35
2,181
6.1%
9.64
Y-o-Y
11%
13%
27%
28%
23
Product Segment Wise Value and Volume Numbers
Particulars
TURNOVER
Established Products
Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business etc.
PE Pipes
Sub - Total
VALUE ADDED PRODUCTS
IBC (Including Inner Containers)
Composite Products
- LPG Cylinders
- CNG Cascades
MOX Film
Sub - Total
Total
Value
Volume
9MFY25
9MFY24
YoY Growth
(₹ Mn)
(₹ Mn)
%
Unit
9MFY25
9MFY24
YoY Growth
%
26,883
2,047
28,930
24,846
1,792
26,638
8.2%
14.2%
8.6%
M.T.
M.T.
229,506
18,515
248,021
203,563
15,775
219,338
12.7%
17.4%
13.1%
5,107
4,469
14.3%
Nos.
641,916
543,722
18.1%
1,764
2,798
1,317
10,985
1,621
2,102
1,183
9,375
8.8%
33.1%
11.3%
17.2%
39,915
36,013
10.8%
Nos.
Nos.
M.T.
813,753
766,239
364
5,519
274
4,923
6.2%
32.8%
12.1%
18.5%
14.2%
24
Consolidated Balance Sheet
Particulars (₹ Mn)
Equity & Liabilities
Shareholder's Funds
Share Capital
Other Equity
Total Shareholder's Fund
Minority Interest
Non-Current Liabilities
Long-Term Borrowings
Lease Liabilities
Deferred Tax Liabilities (Net)
Total Non-Current Liabilities
Current Liabilities
Short-Term Borrowings
Trade Payables
Other Financial Liabilities
Other Current Liabilities
Short-Term Provisions
Current Tax Liabilities
Total Current Liabilities
TOTAL - EQUITY AND LIABILITIES
H1FY25
FY24
Particulars (₹ Mn)
H1FY25
FY24
227
26,597
26,824
661
2,155
842
1,224
4,221
4,773
4,713
128
463
173
363
10,613
42,319
227
25,301
25,528
635
1,654
739
1,127
3,520
5,792
4,439
115
457
167
487
11,457
41,140
ASSETS
Non-Current Assets
Fixed Assets
Property, Plant & Equipment
Capital Work-in-Progress
Right-to-Use Assets
Intangible Assets
Others Financial Assets/Long Term Loans & Advances
12,873
12,867
578
909
0.4
411
412
815
1
400
Total Non-Current Assets
14,771
14,495
Current Assets
Inventories
Trade Receivables
Cash and Cash Equivalents & Bank Balance
Other Current Assets
Total Current Assets
10,829
11,262
1,711
3,144
10,503
10,821
1,535
2,883
26,946
25,742
Assets Classified As Held For Sale*
602
903
TOTAL - ASSETS
42,319
41,140
*In accordance with Ind AS 105 for Non-current Assets Held for Sale and Discontinued Operations, the management has identified a classified certain assets as held for sale
25
Consolidated Cashflow
Particulars (₹ Mn)
Net cash flow from operating activities
Profit before tax & extraordinary items
Depreciation
Interest
Others
Working Capital Changes
Tax Payment
Net cash used in Investing Activities
Purchase of fixed assets
Others
Net cash used in financing activities
Net proceeds from borrowings
Increase in Share Capital Including Premium
Repayment of lease liability
Dividend paid & tax on dividend
Interest paid
Net increase/(decrease) in cash & cash equivalents
Cash & cash equivalents as at (opening balance)
Cash & cash equivalents as at (closing balance)
H1FY25
1,874
2,426
827
470
9
(1,342)
(516)
(714)
(941)
227
(1,064)
(518)
-
(60)
(16)
(470)
96
912
1008
FY24
4,062
4,310
1,726
1,014
(83)
(1,984)
(920)
(1,870)
(1,808)
(62)
(1,973)
(656)
97
(105)
(295)
(1,014)
219
693
912
26
Way Forward
IBCs growing faster Time Technoplast is the largest and major player in most countries it operates in
Polymer and Composite products to gain share from metals
Recycling efforts to encourage sustainability
Chemical production shifting from China to other Asian countries
27
Market Potential
Industrial Packaging Industry – Market & Development
Market
Drivers
Emerging Packaging Scenario
▪ The global market for industrial packaging is estimated to reach $123.2 Bn by 2032, at a CAGR of over 5.9% owing to increasing trends in end-use industries such as automotive, food & beverages, chemical, construction and oil & lubricant.
▪ Shift from metal to polymer packaging due to technical and operational
▪ Multinational companies looking east for lower
advantages and lower costs.
cost of production.
▪ A clear trend towards IBC is visible, which is correlated with a growing demand
▪ Bringing in Good Manufacturing practices and
for reconditioning solutions mainly in developed regions.
improved handling systems.
▪ Given the presence of strong domestic demand for specialty chemicals, low cost
▪ Improvement in transportation and handling
of production and availability of skilled labour, large foreign players are increasingly looking at India as an alternative investment destination due to implementation of strict environmental norms in China.
facilities.
▪ Bulk transportation reducing logistic and
shipping costs
Packaging Product (Market Size)
Steel Drum
Polymer Drums
Total
IBCs
Asia (Mn Units)
Global (Mn Units)
India
11 (41%)
16 (59%)
27 (100%)
1 (28.5%)
Rest of Asia
Total
131 (87%)
19 (13%)
150 (100%)
2.5 (71.5%)
142 (80%)
35 (20%)
177 (100%)
3.5 (100%)
Asia
142 (80%)
35 (20%)
177 (100%)
3.5 (19%)
RoW
127 (81%)
30 (19%)
157 (100%)
15.0 (81%)
Total
269 (81%)
65 (19%)
334 (100%)
18.5 (100%)
Time Tech Customer Segment- Industrial Packaging
Segment
Speciality Chemicals
FMCG
Construction Chemicals
Paints & Inks
Pharmaceuticals
Lube Oils & Additives
Others
% Business
Expected Growth in FY25
31%
29%
13%
12%
6%
4%
5%
11% - 13%
11% - 13%
6% - 8%
6% - 8%
8% - 10%
6% - 8%
5% - 7%
29
Focus on Composites
We are at inflection point Shifting from Tech based products to High-Tech products with focus on Composites
•
Composite is a material of future replacing metals in high performance applications
Type IV CNG Cylinder Cascades Lighter – Carries 220% More Gas
•
Tectonic shift
•
Harnessing new growth opportunities in existing business
o Launching new products with huge business potential o Aspire to be largest Composite product company in the country o New product launches will help improve margins and reduce working capital o We draw strength from the launch of LPG Composite Cylinders and maintaining market leadership in
10 years
Type IV CNG Cylinder – Metal Free
30
CNG Cylinder : Overall Market Potential
Huge revenue potential given India’s low penetration of CNG fuel stations and CNG vehicles
Total Estimated Business (Rs. Cr.)
Business in No. of Years
Estimated Market Per Year (Rs. Cr.)
Conversion %
CNG Cascades
MRUs
Compressed Bio Gas
Gas Generators for Telecom Towers
CNG for Intracity Buses
11,453
1,320
6,000
4,800
5,304
Total Estimated value of Business
28,877
8
4
3
4
4
50%
50%
20%
20%
50%
1,432
330
2,000
1,200
1,326
6,288
Focus on buses; Commercial vehicles and passenger cars, estimated to have equal or more potential Business from commercial vehicles and passenger cars not factored
Total Estimated Business (Type- IV) per year (Rs. Cr.)
716
165
400
240
663
~2,200
31
Value Added Products Recent Developments
Type-III Composite Cylinder for Breathing Air / Medical OXYGEN
•
Successfully developed Fully Wrapped Carbon Fibre Reinforced (Type-III) Composite Cylinder for Breathing Air/ Medical Oxygen; 1st locally manufactured cylinder to get approval from PESO in India.
• Application as Self-Contained Breathing Apparatus (SCBA) by-
o Fire Fighters,
o Divers (SCUBA)
o Hospitals
o Portable home oxygen bottles
o Mountain climbers at high altitudes
o Emergency use in ambulances
Numerous advantages over Type-I metal cylinders
Explosion Proof
60% lighter in weight than Type-I metal cylinders
No Rusting and No Corrosion
Long service life
Type-III Composite Cylinders form a part of High-Tech Composite Products and are classified under Value-added products.
32
Hydrogen Type III Composite Cylinder for Drone Applications
Fly Longer, Higher & Faster
~50% Lighter
Than Battery variant*
3 Times More Flying Hours*
In single fueling
5 minute
Refueling time* Vs 3 hour charging time for battery variant
5000+ hours for Fuel cell system
500-1000 charge cycles for battery* variants
Hydrogen Type III Composite Cylinder
Approved by PESO in November 2024 for Type-III cylinder for the FIRST TIME IN INDIA.
© 2024 Time Technoplast Limited, All Rights Reserved.
33
Composite – Type III Hydrogen Cylinder for Drone Application
Drone Application – Advantages of Hydrogen V/s Lithium-Ion Batteries
Longer Flight Duration Hydrogen fuel cells can provide a higher energy density compared to lithium-ion batteries, allowing drones to fly for longer periods without recharging/refuelling.
Lighter Weight for Energy Storage Hydrogen systems generally offer better energy-to-weight ratios, which can be crucial for drones where weight significantly impacts performance.
Faster Refuelling Refuelling a hydrogen cylinder takes a few minutes, whereas recharging lithium-ion batteries may take hours.
Higher Altitude Performance Hydrogen-powered drones perform better at higher altitudes due to less dependency on air density for cooling compared to battery systems.
Eco-Friendly Hydrogen fuel cells produce water as a byproduct, offering a more environmentally friendly solution compared to lithium-ion batteries, which may involve rare earth materials and hazardous chemicals.
Key Takeaways
Long Flight Missions Hydrogen variants are ideal for long-duration missions, such as surveying or mapping.
Cost Considerations Initial costs for hydrogen systems can be higher, but operational costs may decrease over time due to longer life cycles and reduced refuelling times.
Weight Efficiency Hydrogen systems reduce the drone's weight, improving flight efficiency.
Environmental Advantage Hydrogen systems are more sustainable in the long term.
34
Value Added Products Under Development
Hydrogen Cylinder for Fuel Cells
Composite Fire Extinguisher
▪
▪
Type-IV Carbon wrapped cylinders
Light weight (90% weight reduction) - provides better fuel economy and better payload
▪ Reliable and safe
▪ Applications – Hydrogen
Cars, power generation (Towers)
▪ Made with HDPE inner liner
▪
Light Weight, Carbon Neutral and 100% recyclable
▪ Higher Strength with winding
▪ Maintenance Free &
Corrosion Free
▪
Long shelf life
© 2023 Time Technoplast Limited, All Rights Reserved.
35
Shareholding Pattern
Shareholders
Promoters
Domestic Institutional Investors
- Tata Mutual Fund - Tata Small Cap Fund
- HDFC Trustee Company Ltd. A/c HDFC Balanced Advantage Fund
- HSBC Small Cap Fund
As of 31st Dec 2024
As of 30th Sep 2024
51.56%
13.20%
51.56%
12.87%
Foreign Institutional Investors
7.65%
6.69%
- Foreign Portfolio Investors Category I & II
Public
27.60%
28.88%
36
Company:
INVESTOR RELATIONS ADVISORS :
IR@timetechnoplast.com IR@timetechnoplast.com
TIME TECHNOPLAST LTD. Mr. Himanshu Upadhyay IR@timetechnoplast.com Tel: +91 22 7111 9304 www.timetechnoplast.com
MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services
Mr. Viral Sanklecha +91 99871 23158 viral.sanklecha@in.mpms.mufg.com
Mr. Nikunj Jain +91 97690 60608 nikunj.jain@in.mpms.mufg.com
Thank You