Sustained earnings strength boosting India's Time Technoplast, says Motilal; shares rise
BUZZ-Sustained earnings strength boosting India's Time Technoplast, says Motilal; shares rise ** Time Technoplast's TIME.NS shares rise as much as 2.31% to 185.4 rupees apiece
** Motilal Oswal ("buy", 280 rupees PT) cites multiple levers for growth and margin expansion to drive re-rating at polymer and composite products maker
** Motilal is the only broker covering TIME among those tracked by LSEG and PT implies a 54% upside for TIME
** Says TIME has not only weathered Mideast tensions, crude and freight volatility, but also showed strength of its sustainable business model
** Adds, FY2026 most successful year in TIME's history, as revenue and profit rose 12% and 21%, respectively, to record highs
** Expects 13%-15% volume growth in medium term; estimates revenue and profit at 17% and 21% CAGR over FY2026-2028
** YTD, TIME down 2%
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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