Time Technoplast Limited has informed the Exchange about Investor Presentation
August 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 TIME BSE Limited 1*t Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai — 400 001 Scrip Code: 532856 We enclose herewith a copy of the ‘Earnings Presentation’ in respect of the Unaudited (Consolidated & Standalone) Financial Results declared for the Quarter ended June 30, 2025. The Earnings Presentation is also being hosted on the Company’s website at www.timetechnoplast.com This is for your information and records. Thanking You, Yours Faithfully, For TIME TECHNOPLAST LIMITED BHARAT KUMAR VAGERIA MANAGING DIRECTOR DIN: 00183629 TIME TECHNOPLAST 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@tmetechnoplast.com Website www timetechnoplast.com Bangalore : (080) 26608056/61 Baddi : 9816720202/9816700202/9816820202 Chennai (044) 4501 0019/29 Delhi : (0120) 4326144/4284946 Hyderabad - 9849019428 Kolkata ° (033) 46037097/98 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 Q1 FY2026
©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
Highlights – Financial & Others
Q1FY26 Financial Highlights
Total Income (₹ Mn)
EBITDA (₹ Mn) and Margin (%)
PAT (₹ Mn)
+10%
12,307
13,536
14.2%
14.5%
+12%
1,751
1,958
+20%
951
793
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Q1FY25
Q1FY26
India
Overseas
o Value added products grew by 15% in Q1FY26 as compared to Q1FY25,
Particulars
Volume Growth
Revenue Growth
Revenue Contribution
EBITDA Margin
PAT Margin
Cash Profit Margin
Total
14%
10%
-
12.0%
8.0%
62%
17.0%
14.0%
38%
14.5%
14.7%
14.1%
7.0%
9.8%
6.5%
7.9%
10.3%
10.6%
while established products grew by 8%. 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. 374 Mn from FY25
o Net Cash from Operating Activities in Q1FY26 is Rs. 1,160 Mn
4
Other Highlights
1. Announcement on Bonus Shares: The Board of Directors at its meeting held on 11th August, 2025, approved issuance of bonus equity shares, in the ratio of 1:1, i.e., one (1) bonus equity share of face value of ₹1/- each for every one (1) fully paid-up equity share of face value of ₹1/- each, held by the members of the Company as on the record date, subject to the approval of the members at the 35th Annual General Meeting of the Company scheduled on 11th September, 2025 and other regulatory approvals if any.
2. 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. 47 Crores being balance amount already realized
3. Focus on Improving ROCE:
We had earlier targeted the FY25 Return on Capital Employed (ROCE) at 18%, which has been successfully achieved with an actual ROCE of 18.1%. Building on this momentum, we are now targeting a ROCE of 20% for FY26. This will be driven by our continued focus on cost reduction through automation, re-engineering of machinery and moulds, and optimization of the working capital cycle—initiatives strategically aimed at enhancing net earnings and overall capital efficiency
4. 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
5. 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
6. MOU Signed between Time Technoplast Ltd. and Drone Stark Technologies (OPC) Pvt. Ltd.:
In a strategic step towards advancing sustainable technologies, Time Technoplast Limited has signed a Memorandum of Understanding (MoU) with Drone Stark Technologies (OPC) Private Limited (DSTPL). The agreement, initially for three years and extendable by mutual consent, aims to develop hydrogen-powered Drones using Composite Hydrogen Cylinders and fuel cell technology.
5
Other Highlights
7. 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.
8. 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.
9. New Sustainability-Focused Subsidiary: Time Ecotech:
The Company has incorporated Time Ecotech Private Limited (TEPL), a wholly owned subsidiary in India, focused on recycling and reprocessing industrial plastic packaging. In Phase I, a greenfield facility will be set up in Gujarat, launching a nationwide green recycling initiative. The long-term plan in a period of 3-4 years involves an investment of approx. ₹120 crores in fully automated recycling plants across key Indian regions (West, North, South, East) with the capacity to process up to 60,000 MT of plastic annually. This initiative underscores Time Technoplast’s commitment to building a greener and sustainable future, supporting India’s circular economy goals.
10. Impact of Tariff on USA operations:
Revenue contribution from US manufacturing operations is around 8% of consolidated revenue of the company. The company is having manufacturing operations to serve the local industry considering the voluminous product and all the major inputs is sourced from local manufacturer, therefore tariff effect will not affect the revenue and margin of US operations.
6
Quarterly Segmental Performance (Based on Regulatory Reporting )
Polymer Products
Revenue (₹ Mn) and EBITDA Margin (%)
13.9%
13.9%
8,027
8,613
Q1FY25
Q1FY26
Composite Products
Revenue (₹ Mn) and EBITDA Margin (%)
14.9%
15.4%
4,273
4,914
Q1FY25
Q1FY26
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.
7
Quarterly Segmental Performance (Based on Business Categorization)
Established Products
Revenue (₹ Mn) and EBITDA Margin (%)
13.1%
9,258
13.2%
10,031
Q1FY25
Q1FY26
Value Added Products
Revenue (₹ Mn) and EBITDA Margin (%)
17.7%
3,049
18.0%
3,505
Q1FY25
Q1FY26
26%
74%
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.
8
Key Highlights
₹ 1,160 Mn
Cash Generated from Operating Activities – Q1FY26
₹ 374 Mn
Total Debt reduced by – Q1FY26
₹ 434 Mn
Total CAPEX – Q1FY26
20%
Composite Cylinders growth (CNG) – Q1FY26
62:38
Share of Business (India v/s Overseas) – Q1FY26
18.1%
Return on Capital Employed - FY25
₹ 4,250 Mn
Confirm Tender received for Supply of Packaging Products
₹
₹ 1,750 Mn
Strong order book- Composite Cylinders (CNG Cascades)
₹ 1,700 Mn
Strong order book- PE Pipes
9
Company Overview
Time Technoplast at a Glance
Business Mix (FY25 Total Revenue : Rs. 5,462 Cr.)
Industrial Packaging Sales by User Industry
73%
(Rs. 3,987 Cr.) Established Products
27%
(Rs. 1,475 Cr.) Value-Added Products
62%
Industrial Packaging (Rs. 3,398 Cr.) Polymer Drums, Jerry Cans, Pails
13%
Industrial Packaging - Intermediate Bulk Container (IBC) (Rs. 698 Cr.)
75%
62%
13%
Infrastructure (Rs. 377 Cr.) Polyethylene (PE) Pipes, Energy storage devices
11%
Composite Products (LPG, CNG & Oxygen) (Rs. 622 Cr.)
Polymer Drums, Jerry Cans, Pails
IBC
Total Industrial Packaging
4%
5%
6%
31%
12%
13%
29%
Technical & Lifestyle (Rs. 212 Cr.) Turf & Matting, Disposable Bins, Auto Products
3%
MOX Film (Techpaulin) (Rs. 155 Cr.)
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
11
7%
4%
…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.
12
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
13
…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…
14
…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
Bengaluru
Hosur
Gummudipundi
Head Office
Manufacturing Locations
WE are where OUR CUSTOMERS are…. Focus on high growth manufacturing geographies
15
…with global marquee clients
16
…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
17
…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
18
Appendix
Consolidated Income Statement
Particulars (₹ Mn)
Q1FY26
Q1FY25
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 (₹)
13,536
11,578
1,958
14.5%
218
447
1,293
328
965
14
951
7.0%
4.19
12,307
10,556
1,751
14.2%
242
409
1,100
295
805
12
793
6.4%
3.49
Y-o-Y
10%
12%
18%
20%
FY25
54,623
46,721
7,902
14.5%
915
1,697
5,290
1,346
3,944
65
3,879
7.1%
17.1
FY24
50,066
43,016
7,050
14.1%
1,014
1,726
4,310
1,151
3,159
54
3,105
6.2%
13.71
Y-o-Y
9%
12%
23%
25%
20
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
Q1FY26
Q1FY25
YoY Growth
(₹ Mn)
(₹ Mn)
%
Unit
Q1FY26
Q1FY25
YoY Growth
%
9,487
544
10,031
8,755
503
9,258
8.4%
8.0%
8.3%
M.T.
M.T.
80,858
4,935
85,793
71,648
4,355
76,003
12.9%
13.3%
12.9%
1,786
1,530
16.7%
Nos.
2,26,455
1,88,545
20.1%
430
875
414
404
728
387
3,505
3,049
6.2%
20.3%
7.0%
15.0%
13,536
12,307
10.0%
Nos.
Nos.
M.T.
2,14,578
2,04,395
112
1,840
95
1,682
5.0%
17.9%
9.4%
17.0%
13.7%
21
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
FY25
FY24
Particulars (₹ Mn)
FY25
FY24
227
28,694
28,921
700
1,471
745
1,331
3,547
4,994
4,511
116
476
182
540
10,819
43,988
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
12,825
12,866
794
900
2
468
412
815
2
400
Total Non-Current Assets
14,989
14,495
Current Assets
Inventories
Trade Receivables
Cash and Cash Equivalents & Bank Balance
Other Current Assets
Total Current Assets
Assets Classified As Held For Sale*
TOTAL - ASSETS
11,483
11,623
1,779
3,598
10,503
10,821
1,535
2,883
28,483
25,742
516
903
43,988
41,140
*In accordance with Ind AS 105 for Non-current Assets Held for Sale and Discontinued Operations, the management has identified and classified certain assets as held for sale
22
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)
FY25
4,305
5,290
1,697
915
62
(2,450)
(1,209)
(1,466)
(1,958)
492
(2,487)
(981)
-
(121)
(470)
(915)
352
912
1,264
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
23
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
24
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%
26
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
27
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
28
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.
29
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.
30
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.
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eSTART with SELENIUM: E-rickshaw Battery
More distance, less weight and cost efficient
~1.6 Mn E-Rickshaws In India *As of 31.03.2025
4 Batteries in each E-Rickshaw *Each Battery costs ~10K INR
~6,400 Cr Market Size *As of 31.03.2025
0.4 Mn New E-Rickshaws are added every year in India
This is a product of our subsidiary company POWER BUILD BATTERIES PRIVATE LIMITED.
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32
Upcoming Cutting-Edge Products
Hydrogen Cylinder for Fuel Cells
Composite Fire Extinguisher
E-Rickshaw Battery
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
Made with Lead-Selenium
Alloy
Light Weight, Carbon Neutral and 100% recyclable
High Cycle Life – Provides up
to 450 cycles
Higher Strength with winding
Maintenance Free &
Corrosion Free
Long shelf life
Extended Battery Life – Reduced water loss
Enhanced Efficiency & Cost Savings – Delivers extra mileage
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Shareholders
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Domestic Institutional Investors
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As of 30th Jun 2025
As of 31st Mar 2025
51.62%
12.92%
51.62%
12.99%
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8.29%
8.07%
- Ntasian Discovery Fund
- Vanguard Group
Public
27.16%
27.32%
34
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