This small-cap company is into the expansion of business as it receives an order worth Rs 213 crore!
The stock has a PE of 8.66x whereas the sectoral PE is 27.7x and generated multibagger returns of over 155 per cent in just 2 years.
Time Technoplast informed that the Company has received their single largest order from one of the leading city gas distribution companies Maharashtra Natural Gas Limited [A Joint Venture of GAIL (India) and BPCL] for the supply of CNG cascades made from Type - IV composite cylinders, for a total value of INR 134 crore (approx.) and an additional order of Rs 25 crore (approx.) to be supplied within a 1-year period.
On April 11, 2023, the company one more additional order from Indraprastha Gas Limited (A Joint Venture of GAIL, BPCL and Govt. of NCT Delhi). The order includes the supply of CNG cascades made from Type-IV composite cylinders. The order is worth Rs 54 crore (approx.) and within 2 years the delivery will be scheduled.
Today, shares of Time Technoplast Ltd opened on a positive note in the pre-opening session, up 3.73 per cent to Rs 83.70 per share. At 10:00 am, the shares of the company were trading at Rs 84.60 per share, up 4.80 per cent from its previous closing of Rs 83.95. The stock has a PE of 8.66x whereas the sectoral PE is 27.7x and generated multibagger returns of over 155 per cent in just 2 years.
Time Technoplast is a multinational conglomerate, involved in the manufacturing of technology and innovation-driven polymer & composite products.
The company recently released its December Quarterly Results (Q3) wherein the number was significantly high compared to the same quarter last year. The company is also into capacity expansion for manufacturing of Cascades with Composite CNG Cylinders (Type – IV).
Investors should keep this Small-Cap stock under their radar.