Time Technoplast Sets Ambitious 20% ROCE Target for FY26 Amid Strong Financial Performance
Time Technoplast, a leading polymer products manufacturer, has set a target of 20% Return on Capital Employed (ROCE) for FY 2026. The company's FY 2024 results show significant growth with revenue up 16.62% to Rs 5,006.60 crore, EBITDA increasing 21.36% to Rs 705.00 crore, and net profit rising 41.15% to Rs 315.90 crore. Operating profit margin improved to 13.84%. The company's focus on revenue growth, cost management, and strategic capital allocation supports its ambitious ROCE goal.

*this image is generated using AI for illustrative purposes only.
Time Technoplast , a leading manufacturer of polymer products, has announced an ambitious target of 20% Return on Capital Employed (ROCE) for the fiscal year 2026, as revealed in their recent investor presentation. This goal underscores the company's commitment to enhancing shareholder value and operational efficiency in the coming years.
Financial Performance
The company's financial results for the current fiscal year demonstrate a solid foundation for achieving this target:
Metric | FY 2024 (in crore Rs) | YoY Change |
---|---|---|
Revenue | 5,006.60 | +16.62% |
EBITDA | 705.00 | +21.36% |
Net Profit | 315.90 | +41.15% |
EPS (in Rs) | 13.71 | +41.49% |
Time Technoplast has shown impressive growth across key financial metrics, with revenue reaching Rs 5,006.60 crore, marking a 16.62% increase from the previous year. The company's EBITDA grew by 21.36% to Rs 705.00 crore, while net profit surged by 41.15% to Rs 315.90 crore.
Operational Efficiency
The company's operating profit margin (OPM) for FY 2024 stood at 13.84%, showing a slight improvement from 13.45% in the previous year. This upward trend in profitability aligns with Time Technoplast's goal of achieving a higher ROCE.
Strategic Focus
While specific details about the strategies to achieve the 20% ROCE target were not provided, the company's recent financial performance suggests a focus on:
- Revenue Growth: Continued expansion of its product portfolio and market reach.
- Cost Management: Maintaining operational efficiency to improve profit margins.
- Capital Allocation: Prudent investment in growth opportunities while optimizing existing assets.
Market Position
Time Technoplast's strong financial results and forward-looking targets indicate its robust position in the polymer products industry. The company's ability to grow its revenue and profitability in the current fiscal year provides a solid base for its ambitious ROCE goal.
As Time Technoplast works towards its FY26 target, investors and industry observers will likely keep a close watch on the company's strategic initiatives and financial performance in the coming quarters. The achievement of this ROCE target could potentially enhance the company's attractiveness to investors and strengthen its market position in the long term.
Historical Stock Returns for Time Technoplast
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.93% | +0.99% | +3.47% | +1.68% | +30.66% | +1,105.73% |