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#Timetechnoplast
Largest manufacturer of large size plastic drums with a market share of ~60%, 2nd largest manufacturer of composite cylinders and 3rdlargest intermediate bulk container manufacturer. Manufactures CNG cascade & cylinder. only manufacture of CNG type IV cylindr
Largest manufacturer of large size plastic drums with a market share of ~60%, 2nd largest manufacturer of composite cylinders and 3rdlargest intermediate bulk container manufacturer. Manufactures CNG cascade & cylinder. only manufacture of CNG type IV cylindr
Product segments:
- Industrial packaging (75% of revenues)
- Infra (15% revenues): pipes, prefabs, etc.
- Lifestyle (5% revenues): mats etc.
- Automotive components (5% revenues)
- Industrial packaging (75% of revenues)
- Infra (15% revenues): pipes, prefabs, etc.
- Lifestyle (5% revenues): mats etc.
- Automotive components (5% revenues)
Composite cylinders is one of the major innovation of the company ,being lighter, rust and corrosion proof and most importantly explosion proof. Company has a capacity of ~14 lacs whereas its largest domestic competitor supreme industries has a capacity of 5 lacs. #
Value added products
The value added portfolio (MOX films, composite cylinders, composite IBCs) have grown at a much higher pace showing growth of 23.6% over FY15-20 compared to ~8-10% growth of conventional portfolio
The value added portfolio (MOX films, composite cylinders, composite IBCs) have grown at a much higher pace showing growth of 23.6% over FY15-20 compared to ~8-10% growth of conventional portfolio
Composite cylinder IV will be a game changer. long term pateint investors and followers may take position after study.
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