BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
We expect Time Technoplast Ltd. one of the largest Indian polymer processors to sustain its growth momentum (FY08-FY20 - revenue compound annual growth rate of approximately 15%) with demand and margin levers in place for both its -
1. Established products -
a) Asia (ex-China) gradually becoming a manufacturing hub for chemicals which would offer incremental growth opportunities to the company which has plants spread across Asia and b) strong order book position in its plastic piping segment.
2. Value-added products -
a) Incremental revenue from recent commissioning of its plants (manufacturing intermediate bulk containers) in USA,
b) expected growth traction in its liquefied petroleum gas composite cylinders (CC) and multi layer multi axis oriented X cross laminated films segment, and
c) incremental revenues from its expected new product launches.
Besides sustaining the growth momentum, selling of non-core assets and revocation of pledge could be another catalyst for further rerating.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
