Time Technoplast Limited (TIMETECHNO.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+221.9%

₹536.89

vs ₹166.78 price

Levered DCF

₹130.03

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	15.86×	50.14×	36.69×	15.91×	15.36×	26.44×	3.34×	11.87×
P/B	1.82×	3.36×	2.23×	0.77×	0.7×	0.72×	0.31×	1.44×
P/S	1.22×	1.78×	1.14×	0.41×	0.4×	0.46×	0.16×	0.67×
EV / EBITDA	8.46×	13.08×	9.13×	4.43×	4.6×	5.58×	2.85×	6.18×
Gross margin	20.7%	20.8%	27.4%	27.7%	24.7%	24.8%	24.9%	24.7%
Operating margin	11.6%	11.3%	10.4%	9.5%	9.5%	7.9%	9.6%	10.7%
Net margin	7.7%	7.1%	6.2%	5.1%	5.2%	3.4%	4.7%	5.7%
Current ratio	3.51×	2.63×	2.33×	2.18×	2.07×	2.04×	1.85×	1.64×
Debt / equity	0.18×	0.25×	0.32×	0.4×	0.44×	0.46×	0.49×	0.5×
Interest coverage	8.88×	6.72×	5.12×	3.89×	4.31×	2.7×	3.51×	4.28×
Dividend yield	0.8%	0.5%	0.5%	1.3%	1.1%	1.6%	4.5%	0.9%
Payout ratio	12.6%	12.1%	9.5%	10.7%	8.8%	21.4%	15.0%	11.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.5%	13.4%	12.2%	9.7%	9.1%	5.4%	9.3%	12.1%
Return on invested capital	10.5%	12.0%	10.7%	9.0%	8.2%	6.1%	9.0%	10.7%
Return on assets	8.3%	8.8%	7.5%	5.7%	5.2%	3.1%	5.0%	6.3%
Free cash flow yield	-2.9%	1.5%	4.0%	8.4%	7.1%	11.3%	29.0%	2.0%
Earnings yield	6.3%	4.0%	5.4%	12.6%	13.0%	7.6%	30.0%	8.4%
Enterprise value	₹76.3B	₹103.3B	₹64.4B	₹25.7B	₹22.9B	₹21.8B	₹14B	₹32B
Net debt / EBITDA	0.22×	0.77×	1.05×	1.43×	1.7×	2.07×	1.71×	1.53×
Cash conversion cycle (days)	153	137	140	150	156	167	126	116