Financial Performance Highlights

FY26 Consolidated Performance (All-Time High):

  • Total Income: ₹61,144 Mn (11.9% growth YoY from ₹54,623 Mn)
  • EBITDA: ₹9,013 Mn (14.1% growth YoY from ₹7,902 Mn)
  • EBITDA Margin: 14.7% (vs. 14.5% in FY25)
  • PAT after Minority Interest: ₹4,687 Mn (20.8% growth YoY from ₹3,879 Mn)
  • PAT Margin: 7.7% (vs. 7.1% in FY25)
  • EPS: ₹9.99 (vs. ₹8.55 in FY25)
  • Volume Growth: 13.5% (India: 13.1%, Overseas: 14.9%)
  • Revenue Contribution: India 65%, Overseas 35%
  • Cash Profit Margin: 10.8%
  • Net Cash from Operating Activities: ₹1,563 Mn
  • Debt (Net of Cash) reduced by ₹4,087 Mn in FY26

Q4FY26 Consolidated Performance (Highest-ever Quarterly):

  • Total Income: ₹16,816 Mn (14.3% growth YoY from ₹14,708 Mn)
  • EBITDA: ₹2,459 Mn (14.0% growth YoY from ₹2,157 Mn)
  • EBITDA Margin: 14.6% (vs. 14.7% in Q4FY25)
  • PAT after Minority Interest: ₹1,318 Mn (20.4% growth YoY from ₹1,095 Mn)
  • PAT Margin: 7.8% (vs. 7.4% in Q4FY25)
  • EPS: ₹2.67 (vs. ₹2.41 in Q4FY25)
  • Volume Growth: 13.3% (India: 14.2%, Overseas: 11.4%)
  • Revenue Contribution: India 70%, Overseas 30%
  • Cash Profit Margin: 10.8%

Product Performance Breakdown

Value vs. Established Products (FY26):

  • Value Added Products grew by 18% YoY (Revenue: ₹17,414 Mn)
  • Established Products grew by 10% YoY
  • Company focus remains on increasing share of value-added products

Product Segment Details (FY26):

| Product Category | Revenue (₹ Mn) | YoY Growth | Volume | YoY Volume Growth |

| Established Products (Packaging, Lifestyle, Auto, Batteries) | 40,679 | 9.8% | 367,713 MT | 12.7% |

| PE Pipes | 3,052 | 7.8% | 29,223 MT | 10.8% |

| IBC (Including Inner Containers) | 8,076 | 15.8% | 1,106,017 Nos. | 18.8% |

| LPG Cylinders | 2,357 | 4.2% | 1,198,755 Nos. | 5.8% |

| CNG Cascades | 4,821 | 21.9% | 610 Nos. | 20.8% |

| Other Composite Products | 450 | - | - | - |

| MOX Film | 1,709 | 9.3% | 7,272 MT | 9.9% |

Dividend Declaration

The Board of Directors recommended a final dividend of ₹1.50 (150%) per equity share of face value ₹1.00 each for FY26, subject to shareholder approval at the ensuing AGM. The company increased dividend payout to 15.8% in FY26 compared to 14.6% in FY25, maintaining 30 years of consistent dividend payments.

Strategic Initiatives and Updates

Non-Core Asset Sale: Identified total non-core assets worth approximately ₹134 Cr for disposal, with targeted realization over next 18-24 months to improve EBITDA margins and ROCE.

ROCE Improvement: FY26 ROCE at 18.9% (vs. 20% target), targeting 1.5-2% annual improvement through automation, machinery reengineering, and working capital optimization.

Global Operations: Successfully delivered projected FY26 performance despite geopolitical tensions in West Asia and Russia-Ukraine war.

Acquisition Updates:

  • Ebullient Packaging Private Ltd.: Decision to extend review period before final decision on proposed acquisition
  • Systoverse Private Ltd.: Board authorized commencement of final negotiations with expected aggregate investment of ~₹25 Cr including upgradation and acquisition costs

Green Energy Transition: Committed to transitioning 75% of power consumption to green energy over next two years. Power Purchase Agreements (PPAs) in Karnataka, Tamil Nadu, Gujarat, and West Bengal generating annualized benefits of ~₹11 Cr, with additional benefits from Maharashtra and Uttarakhand expected from Q3 FY27. Estimated payback period on equity investment is ~1 year.

LPG Cylinder Update: Board recommended pursuing JV/tie-ups with private gas distributors for independent LPG distribution network while continuing discussions with government authorities for 14.2 kg composite cylinder approvals.

Product Development Updates:

  • Products with ready approvals in FY26: Hydrogen (Type III & Type IV), Fire Extinguisher, Air Receiver Tank, OPzS Batteries for Power Sector
  • Products under development: Higher Capacity 250/350 Litres Cylinder for CNG, Hydrogen, LPG (Higher Capacity-14.2kgs)

Subsidiary Updates

PowerBuild Batteries Private Limited:

  • Received CPRI certification for OPzS stationary tubular batteries in transparent SAN containers (2V variants in 10Ah, 20Ah, and 300Ah capacities)
  • Entered multi-year exclusive agreement with Bulgaria's Monbat AD to supply advanced VRLA stationary batteries in India

Completed Projects

1. Greenfield Composite Project (Morai, Gujarat):

  • Fully automated CNG plant with total capacity of 1,080 cascades (~65,000 cylinders)
  • Consolidates existing 480 cascade capacity from Daman facility plus additional 600 cascades
  • Plant commissioned after successful trials

2. Greenfield Recycling Plant (Time Ecotech Pvt. Ltd., Bhilad, Gujarat):

  • Fully automated recycling plant with annual capacity of 12,000 MT for captive consumption
  • First of three planned recycling facilities across India
  • Plant commissioned after successful trials

3. Brownfield Automated IBC Facility (Silvassa - Phase I):

  • Annual capacity of 150,000 IBCs
  • Phase I completed and production started
  • Phase II expected completion by end of FY26-27, bringing total capacity to 300,000 IBCs p.a.

4. Brownfield Consolidation of PE Pipes (Gummidipoondi, Tamil Nadu):

  • Second shed developed for dedicated pipe manufacturing
  • Plant commissioned after successful trials, commercial activity begun

5. Overseas Capacity Expansion (Georgia, USA):

  • Fifth plant operational since May 2025 with fully automated IBC manufacturing line
  • Expansion completed to add additional IBC line and drum manufacturing line

FY27 Projects Pipeline

| Location | Products | Status |

| Sanand, Gujarat (TTL) | Packaging & PE Pipes | Plot allotted and layout preparation started |

| Odisha Cuttack (TTL) | Packaging & PE Pipes | Plot allotted and building plan under finalization |

| Chiplun, Maharashtra (TPL) | Packaging Products | Plot allotted and building plan under finalization |

| North & South India Expansion (Time Ecotech) | Recycling of Polymer Products | Plot available, layout preparation undertaken |

| Saudi Dammam III (Gulf Power Beat WLL) | Packaging Products | Plot allotted, structural work completed, civil work in progress |

Balance Sheet Position (as of March 31, 2026)

  • Shareholder's Funds: ₹40,883 Mn (Share Capital: ₹494 Mn, Other Equity: ₹40,389 Mn)
  • Total Assets: ₹56,386 Mn
  • Fixed Assets: ₹13,315 Mn
  • Property, Plant & Equipment: ₹13,315 Mn
  • Capital Work-in-Progress: ₹2,298 Mn
  • Right-to-Use Assets: ₹1,036 Mn
  • Inventories: ₹13,283 Mn
  • Trade Receivables: ₹14,525 Mn
  • Cash and Cash Equivalents: ₹5,795 Mn
  • Assets Classified as Held for Sale: ₹1,340 Mn
  • Long-Term Borrowings: ₹1,493 Mn
  • Short-Term Borrowings: ₹4,901 Mn

Cash Flow Statement (FY26)

  • Net cash flow from operating activities: ₹2,332 Mn
  • Net cash used in investing activities: ₹4,462 Mn
  • Net cash used in financing activities: ₹6,239 Mn
  • Net increase in cash & cash equivalents: ₹4,109 Mn

Market Outlook and Growth Drivers

  • Global industrial packaging market estimated to reach $123.2 Bn by 2032 at 5.9% CAGR
  • Shift from metal to polymer packaging due to technical and operational advantages
  • Trend towards IBCs with growing demand for reconditioning solutions
  • India becoming alternative investment destination for specialty chemicals due to lower production costs and skilled labor

Volume Growth Targets

  • Packaging Products: 11-13%
  • Composite Products: Not specified
  • PE Pipes: 20-25%
  • Other Products (MOX Films, Auto Products, Turf & Matting): 10-12%
  • Consolidated volume growth target: 15% p.a.

Shareholding Pattern (as of March 31, 2026)

  • Promoters: 47.57% (+0.06% from Dec 2025)
  • Domestic Institutional Investors: 17.37% (+0.67%)
  • Foreign Institutional Investors: 10.88% (-0.78%)
  • Public: 24.18% (+0.05%)

Investor Relations Contacts

  • Mr. Himanshu Upadhyay, Sr. Manager Finance & IR
  • Mr. Bhaumin Shah, Manager Investor Relations (IR@timetechnoplast.com)
  • MUFG Intime India Private Limited: Mr. Aryan Sumra and Ms. Nidhi Vijaywargia