Time technoplast

Q4- FY 23 Concall Notes

~Q4 % Increase YoY

Revenue-15% (India-10%, Over- 26 )
Volume-12% (India-8%, Over-22)
EBITDA- 21%
PAT-15%

~ Revenue Split
India-66%, Export-34%

~ CNG Cascade/Cylinder-

Order Book-260 Cr
Current Annual Capacity- 480 which could generate 300 Cr Revenue.
Expansion phase-II-600 no by Dec’23
•125 Cr Capex required which will be funded through internal accrual.
•Fungible between CNG & Hydrogen
Capacity after phase-II -1080,which could generate 800 Cr,assuming 90% utilisation.
Oppertunity of onboard Vehicles to unlock yet
No other Indian manufacturer
Some players import & assemble
In the next 5 years Composite can become 2000-2500 Cr revenue

~ LPG

Capacity-1.4 million
Capex not planned this year.
Can be taken next year depending on feedback from other Oil Marketing player.

~Re-structuring

Timeline- Sep’23
To be based on 2022 year no.
Each 3 continent business to sell seperately.
Objective of Restructuring in intact as earlier ( Debt, Capex & Share holder)

~ ROCE Guidance

13.5/16/19/20+% by FY 23/24/25/26 respectively.
Earlier guidance given is intact.
Following factor to help that
•More contributions Value added,
•Reduction in Working Capital
•Margin expansion

~ Value added % of Total sale-

23/25/30/35% by FY 23/24/26/28

~100% Promoter Share is pledge free