Rs 185 Crore Order Book: Plastic Products Manufacturer Expands Middle East Presence with New Facility In Saudi Arabia; IBC & Plastic Drum Production in KSA

The stock gave multibagger returns of 130 per cent in just 1 year whereas BSE Small-Cap Index is up by 18 per cent.

Time Technoplast, a leading provider of industrial packaging solutions, has been a significant player in the Middle East market for over 18 years, with existing manufacturing operations in the UAE, Bahrain, and Saudi Arabia. Recognizing the growing demand for industrial packaging within the Kingdom, Time Technoplast is pleased to announce the establishment of a cutting-edge production facility in MODON Industrial Area, Saudi Arabia, through its subsidiary Gulf Powerbeat, KSA. This state-of-the-art plant will specialize in the production of 1,000-liter Intermediate Bulk Containers (IBCs) and plastic drums, leveraging advanced automation technology to ensure exceptional quality and operational efficiency.

Scheduled to commence operations by Q2 2025, this new facility signifies Time Technoplast's commitment to providing innovative and localized industrial packaging solutions to its valued customers in Saudi Arabia, as well as expanding its reach to serve the markets of Kuwait and Qatar. By manufacturing within the region, Time Technoplast aims to enhance its responsiveness and reaffirm its dedication to customer satisfaction. As a global leader with a presence in 11 countries, this strategic expansion further solidifies Time Technoplast's leadership position while underscoring its unwavering focus on excellence and innovation to meet the evolving needs of its customers.

On Wednesday, shares of Time Technoplast Ltd plunged 1.59 per cent to Rs 400.45 per share with an intraday high of Rs 421 and an intraday low of Rs 396.30 from its previous closing of Rs 406.90. The stock’s 52-week high is Rs 513.35 while its 52-week low is Rs 161.90.

Time Technoplast Ltd, a multinational conglomerate, leads the market in manufacturing large plastic drums and composite cylinders. Their focus is industrial packaging, with a strong domestic presence and cost-plus pricing. While they also produce infrastructure, lifestyle, and automotive components, their high-growth value-added products are particularly noteworthy. Composite cylinders, a key innovation, are lighter, more durable, and safer than traditional metal options, positioning Time Technoplast for a strong future in the evolving energy landscape. The company’s order book as of September 30, 2024, stands at Rs 185 crore.

The company has a market cap of over Rs 9,000 crore and reported positive numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY24). The stock gave multibagger returns of 130 per cent in just 1 year whereas BSE Small-Cap Index is up by 18 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.