Time Technoplast posted its best-ever financial performance in FY2025-26, with consolidated profit after tax rising 20.8% to ₹4,766.14 Mn from ₹3,944.46 Mn in FY25.

The company filed its Annual Report for FY2025-26 with stock exchanges on August 31, 2026, along with the notice of its 36th Annual General Meeting scheduled for Tuesday, September 22, 2026 at 4:00 p.m. (IST) through Video Conferencing/Other Audio-Visual Means.

FY26 Financial Highlights

FY2025-26 marked all-time highs on both a standalone and consolidated basis across revenue, EBITDA and profit after tax. The following table summarises the key consolidated and standalone metrics.

On a consolidated basis, volume growth of 13.5% drove the revenue increase. The EBITDA margin improved to 14.7% from 14.5% in FY25. Consolidated net debt (net of cash) was reduced by ₹4,087 Mn during the year, and Return on Capital Employed stood at 18.9%.

Business Mix and Value-Added Products

Value-added products — comprising Composite Cylinders (LPG, CNG and Oxygen), Intermediate Bulk Containers (IBC) and MOX Films — recorded 18% year-on-year revenue growth and lifted their share of consolidated revenue to 29%, up from 27% in FY25. Established products delivered 10% growth and anchored the remaining 71% of consolidated revenue.

Geographically, India contributed 65% of consolidated revenue and overseas/international operations contributed 35%. The overseas business contributed ₹2,112 Cr to the overall top line, representing 35% of total revenues.

Capital Expenditure and Key Capacity Additions

Total capital expenditure for FY2025-26 was ₹3,704 Mn. Capacity expansion and automation of established products accounted for ₹1,983 Mn, while value-added products capex was ₹1,721 Mn. Key commissioning milestones during the year included:

• A fully automated CNG composite facility at Morai, Gujarat, with capacity for 1,080 cascades (approximately 65,000 cylinders annually)
• A 12,000 MT annual-capacity recycling facility at Bhilad, Gujarat (Time Ecotech Private Limited)
• Completion of Phase I of the automated IBC facility at Silvassa
• Expansion of the PE pipe facility at Gummidipoondi, Tamil Nadu
• Capacity expansion at the Georgia facility in the United States

Strategic Acquisition

Subsequent to the financial year, on June 10, 2026, the company acquired a 76% equity stake in Systoverse Private Limited, a Maharashtra-based manufacturer of ISI-certified HDPE Pipes and Sprinkler Systems under the brand 'Systo', for a cash consideration of ₹15.2 Mn. The company's total projected investment, including plant upgradations, modernisation and capacity expansion, is approximately ₹250 Mn.

Innovation and Technology Milestones

During FY2025-26, Time Technoplast became the first company in India to secure PESO approval for Type-IV hydrogen cylinders and executed its first order for hydrogen storage modules for deployment in Leh-Ladakh. The company also commenced supplies of lightweight Type-IV composite LPG cylinders for the HPCL–Swiggy Instamart pilot in Bengaluru. Power Build Batteries Private Limited, a subsidiary, received CPRI certification for OPzS stationary tubular batteries and entered into a multi-year exclusive agreement with Monbat AD, Bulgaria, for advanced VRLA stationary batteries in India.

Value-added products recorded an EBITDA margin of 18.7% compared to 13.2% for established products, reflecting the benefit of the company's continued focus on higher-margin, technology-intensive products.

Share Capital Changes and QIP

During FY2025-26, the company allotted 22,69,29,066 bonus equity shares in a 1:1 ratio on September 24, 2025, increasing paid-up capital from ₹22,69,29,066 to ₹45,38,58,132. Subsequently, on November 11, 2025, the company allotted 3,97,77,247 equity shares pursuant to a Qualified Institutions Placement at an issue price of ₹201.12 per share, aggregating to ₹800,00,00,000 (Rupees Eight Hundred Crores Only), raising total paid-up capital to ₹49,36,35,379.

Dividend and AGM

The Board of Directors recommended a final dividend of ₹1.50 per equity share of face value ₹1 each (150%) for FY2025-26, subject to shareholder approval at the 36th AGM. The total cash outflow on account of dividend payment would be ₹740.45 Mn. The record date for dividend entitlement has been fixed as Tuesday, September 15, 2026. The 36th AGM is scheduled for Tuesday, September 22, 2026 at 4:00 p.m. (IST) through VC/OAVM.

Credit Ratings

CRISIL Ratings Limited maintained the following ratings for the company's bank loan facilities:

Sustainability Initiatives

Green energy projects implemented through FY26 are expected to contribute 37,531 Tons of CO₂ reduction annually. Additional projects proposed for completion by March 2027 are expected to contribute a further 6,631 Tons of CO₂ reduction annually, bringing the projected annual CO₂ reduction to 44,162 Tons. Power Purchase Agreements executed across Karnataka, Tamil Nadu, Gujarat and West Bengal are generating annualised benefits of approximately ₹11 Crore. The company achieved a 10% reduction in carbon footprint over the FY23 baseline during the year.

Time Technoplast Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 2026. The submission outlines the company's environmental performance and strategic sustainability milestones achieved during the period.

The filing highlights significant capital expenditure directed toward sustainable technologies. Approximately 25.06% of total capital expenditure in FY26 was invested in specific technologies to improve environmental and social impacts, a notable increase from 14.24% in the previous year. This investment supported the commissioning of a greenfield recycling facility at Bhilad, Gujarat, with an annual capacity of 12,000 metric tonnes for captive consumption.

Operational Milestones

The company advanced its circular economy strategy through its wholly-owned subsidiary, Time Ecotech Private Limited. The Bhilad facility marks the first of three planned recycling plants across India, aimed at supporting Post-Consumer Recycled (PCR) compliance.

Key developments disclosed in the report include:

• Approval for manufacturing High-Pressure Type-3 Fully Wrapped Fibre Reinforced Composite Cylinders for diverse applications including transportation and medical use.
• Approval for designing and manufacturing 250-litre high-pressure Type IV composite hydrogen cylinders for onboard use in buses and trucks.
• ICAT test report approval for E-Rickshaw Batteries built on lead-selenium technology.

Environmental Performance

The report discloses detailed metrics on energy consumption and waste management. Total energy consumed from renewable sources stood at 46,646,218,800 KJ in FY26, up from 40,862,655,665 KJ in FY25. Conversely, energy from non-renewable sources was 705,424,739,184 KJ, compared to 680,848,685,356 KJ in the prior year.

Waste management data shows total waste generation rose to 4,239 metric tonnes from 3,945 metric tonnes in FY25. However, the volume of waste recovered through recycling or re-use also increased to 3,714 metric tonnes from 3,450 metric tonnes. The company reported achieving a 10% reduction in carbon footprint compared to the FY23 baseline.

What the Numbers Show

The divergence between rising non-renewable energy consumption and the stated goal of sourcing 75% of power from green sources within two years indicates a transitional phase in the company's energy mix. While renewable energy intake grew by approximately 14% year-on-year, it still constituted a small fraction of total energy usage, which exceeded 752 billion KJ in aggregate. The heavy reliance on non-renewable sources suggests that upcoming Power Purchase Agreements (PPAs) in Maharashtra and Uttarakhand will be critical to meeting the stated decarbonization targets.