Time Technoplast Detail
As per the Company website it is leading manufacturer of polymer products. It has products for different industries like Industrial Packaging solutions, Life style products, Automotive Components, Healthcare products, Infrastructure and Construction related products and Material handling and composite cylinders.
It has more than 30 production facilities across the globe. It covers more than 345 cities with its dealer and distribution network. Over the years Company has expanded its foot prints in countries like Bahrain, Egypt, Indonesia, Malaysia, UAE, Taiwan, Thailand, Vietnam and Saudi Arabia.
In Life Style products segment Company offers products like Mats. It is one of the leading Company in Mat segment. In Composite cylinder segment it creates alternative for old metal like cylinders by Lifesafe cylinder. The Company is first of its kind to create these type of LPG cylinder in Asia continent.
It also provides automotive components like Fuel tanks, Air ducts and radiator tanks. It is present in Infrastructure space as well providing HDPE pipe and DWC pipe. Along with these sector specific products Company is also in business of Packaging material in other sectors mentioned above like Industrial packaging and Mox films.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Time Technoplast Stock Performance
Investors have made money in this stock but slowly very slowly. There was testing time when stock was stagnant for almost one decade giving no returns whatsoever to investors. It was hovering around that 50 mark which now acts as a very strong support for the stock.
It is in year 2017 it zoomed and touched 200 mark. Since then it has corrected close to 50% and is now trading near 100 mark. The dividend yield of the stock is also good at less than 1%. The only problem investors had in this stock is long consolidation phase without any positive or negative movement.
Time Technoplast My Opinion
Time Technoplast is a Packaging Company. It has well diversified its product portfolio into multiple business. Based on those you can not club it as pure packaging Company. It has some very interesting products in its portfolio which if become popular will be huge benefit for the Company.
I liked the LPG Cylinder product it has. The reason is simple. India is using old fashioned metal cylinders for long. Most of the households have two cylinders on an average. The product from the Company have some definitive advantage over what is currently present in the market.
If the Company is able to replace existing LPG cylinders with its own it will be huge revenue and growth potential for the Company. The Auto sector products are yet another important product from the Company which depends on Auto sector growth and is important alternative revenue stream for the Company.
This is interesting Company to track in the packaging space. Packaging as a sector is evergreen as there will be need for packaging materials. Most of the top investors have packaging companies in their portfolio.I have not yet invested in this sector but may include it in future.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.