Scripscan:Time Technoplast Ltd
cmp:27
Traded in:Nse-bse
Story:TIME TECHNOPLAST (TTL) is one of India''s leading producers of plastic products with an annual turnover of several hundred crores under its belt.The company focuses only on niche, technologically superior plastic products.TTL has a 75% market share in the domestic industrial packaging segment. It has a technology tie-up with German major Mauser since 1993. The company''s product portfolio includes industrial packaging products such as drums and containers for chemicals producers, lifestyle products like matting and turfs, auto components such as radiators and anti-spray rain flaps, healthcare products that include auto-disable syringes and products for infrastructure such as safety nets and reinforcement for road surfacing.TTL''s production is spread across six locations in the country, giving the company a wide reach and logistical advantage.Within the next two years, it aims to become the largest plastic processor in the country. It is also setting up plants abroad.TTL is also working on new products such as plastic fuel tanks for automobiles, glass reinforced polymer cylinders for LPG and CNG and high-pressure polyethylene pipes, among others. Most of these products, which will be rolled out over the next few quarters, have huge growth potential in domestic and exports markets.The company is also trying to develop the first commercially usable fuel cell. It has signed an exclusive agreement with Council of Scientific and Industrial Research (CSIR) for transfer of fuel cells technology. In coming months, the environment for domestic plastic producers is expected to improve, which will benefit TTL.I expect the company to continue its high-paced growth in future, thanks to its expansion plans and products in the pipeline. High-performance products will enable it to maintain its market leadership, thus resulting in higher operating margins in future.Time Technoplast Ltd should generate healthy returns over the next 12-18 months.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Thursday, May 14, 2009
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
