Time Technoplast Ltd: Research Report By Nirmal Bang

Tagged: Nirmal Bang, Time Technoplast Ltd

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December 11, 2014 at 8:46 pm #1320

Vidhi Khanna
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Based on our rough calculation, we expect Time Technoplast Ltd to report EPS of Rs 4.9 in FY15E and 5.6 in FY16E. At CMP, Time Technoplast Ltd trades at 11.04x its FY15 and 9.6x FY16E EPS respectively which is lower than the peer group (~15x). We believe that the stock can generate return of 20-25% in the medium term on the back of multiple growth opportunities and declining raw material costs and therefore we recommend BUY on the stock at current levels.

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