About Time Technoplast
Time Technoplast Ltd is a multinational company involved in the manufacturing of technology and innovation driven polymer products having presence in 9 countries across South East Asia, Middle East and North Africa (MENA). The company is head quartered in Mumbai, India.
The group business interest includes Industrial Packaging, Lifestyle, Infrastructure, Automotive Components, Healthcare, Composite Cylinders, and Material Handling products in many of which the group enjoys a leadership position.
Since its inception in 1992, Time Technoplast has set itself apart from its competitors by focusing on research and development, futuristic product designing, superior customer service by setting up 28 manufacturing units & 10 regional and marketing offices to meet the growing demand of Indian customers & further to fill the need gap for global customers.
Recent Positive Developments
The product has taken off and received very well in the market. Company has appointed over 27 distributors / dealers in the state of Kerala, Andhra Pradesh, Karnataka, Telangana and Maharashtra in the initial phase and the process of appointing distributors and dealers in other states is in progress
Expansion: Time Technoplast aims to double the cylinder capacity from the current 7,00,000 to 14,00,000 by June 2017. As of now company has a total order book of 1.8 million cylinders and its expecting more orders to come in. Company is expecting that its RoCe will grow from the current 13 percent to 15-17 percent in 2018 and 22 percent by 2022.
Liquidate Land Parsel : Company has plans to sell its owned land after developing in the next 2 year time frame. For this, promoters may dilute 1 more percent(they have already dialuted 1 percent) to raise capital for land development. Anil Jain confirmed that once the land is fully developed, it can be sold for nearly 200 crores and the same can be used for buy back of shares.
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Metal and Mining sector