Time Technoplast FY26 Revenue Hits Record ₹6,114 Crore

FY26 Consolidated Results:

Revenue: ₹6,114 crore (12% growth from ₹5,462 crore in FY25)
EBITDA: ₹901 crore (14% growth from ₹790 crore in FY25)
Profit After Tax: ₹469 crore (21% growth from ₹388 crore in FY25)
Volume growth: 13.5% year-on-year
Dividend payout ratio: 15.8% (up from 14.6% in FY25)

Q1 FY27 Performance:

Industrial Packaging:

Revenue: ₹3,744 crore (60% of consolidated revenue)
Market leadership: Global leader in 9 of 11 countries, over 55% domestic market share
World's largest manufacturer of large-size plastic drums

Intermediate Bulk Containers (IBCs):

Composite Products:

Infrastructure Business (PE Pipes and Energy Storage Devices):

MOX Films (Techpaulin brand):

Acquisitions and Mergers:

Completed acquisition of 76% stake in Systoverse Private Limited (June 2026), a Maharashtra-based HDPE pipes and sprinkler systems manufacturer
Completed merger of NED Energy Limited into Power Build Batteries Private Limited
Board granted in-principle approval for merger of TPL Plastech Limited into Time Technoplast Limited under Sections 230-232 of Companies Act, 2013

Capacity Expansions:

Commissioned fully automated Morai, Gujarat facility (capacity: 1,080 cascades, ~65,000 cylinders)
Commissioned automated IBC manufacturing facility at Silvassa
Incorporated Elan Steel Containers (FZC) in Sharjah, expanding Middle East packaging footprint

New Product Development:

First Indian company to receive PESO approval for Type-III and Type-IV composite hydrogen cylinders
Secured PESO approval for high-pressure Type-III 2-litre cylinders for hydrogen/oxygen transportation, medical, drone and laboratory applications
Developed composite fire extinguishers and air receiver tanks
Developing higher-capacity 250L/350L CNG cylinders and 14.2 kg LPG cylinder
Obtained BIS license for PE Pipes for Gas Distribution

Sustainability Initiatives:

Target to transition 75% of power consumption to green energy over next two years
Solar power purchase agreements active across Karnataka, Tamil Nadu, Gujarat and West Bengal generating annualized savings of approximately ₹11 crore
Additional benefits expected from Maharashtra and Uttarakhand from Q3 FY27
Commissioned first Greenfield recycling facility at Bhilad, Gujarat through Time Ecotech Private Limited (capacity: 12,000 metric tonnes annually)

Bonus Issue:

Dividend:

Qualified Institutional Placement (QIP):

Raised ₹800 crore through issue of 3,97,77,247 equity shares at ₹201.12 per share
Proceeds deployed towards debt repayment, capital investments in greenfield and brownfield projects, and working capital strengthening

Capital Expenditure:

FY26 capex: ₹370 crore focused on volume growth exceeding 15% annually and automation/re-engineering to reduce power and manpower costs

MoU with Drone Stark Technologies for hydrogen-powered drone integration
Strategic partnership with Poppe + Potthoff GmbH, Germany and Imperial Auto Industries Ltd. to develop comprehensive hydrogen system solutions for India
Power Build Batteries received CPRI certification for stationary tubular batteries
Multi-year exclusive agreement with Monbat AD, Europe to supply advanced batteries for data-centre, IT, BFSI and critical-infrastructure sectors in India
HPCL partnership with Instamart for India's first on-demand LPG cylinder delivery service using Time Technoplast composite cylinders

Global CNG composite cylinder market projected to grow at CAGR of nearly 12% through 2034
Indian LPG cylinder market expected to grow at over 6% CAGR through 2030
Focus on strengthening core businesses while diversifying into high-potential sectors and expanding internationally
Strategy emphasizes cutting-edge innovation, selective brownfield and greenfield expansions in India and overseas