Time Technoplast Ltd Share Price – NSE  / BSE

Plastic products, Small Cap

Time Technoplast will hold a meeting of the Board of Directors of the Company on 27 May 2026.

The company said it has received approval from the Petroleum and Explosives Safety Organization (PESO) for the design and manufacturing of 250-litre high-pressure Type IV composite hydrogen cylinders. These cylinders are intended for onboard use in buses, trucks and trailers.

Time Technoplast has become the first company in India to secure such approval for this category of hydrogen storage systems. PESO has recommended the production of initial prototype cylinders for joint inspection and testing. The validation phase is expected to be completed within 90 days.

Hydrogen is emerging as a clean energy carrier, producing only water as a byproduct. Compared to conventional CNG systems that operate at around 200-250 bar, hydrogen cylinders typically function at 350-700 bar. This allows higher energy density, longer driving range and improved efficiency, making them suitable for next-generation transport.

The company already holds approval for 150-litre Type IV composite hydrogen cylinders. The latest approval for 250-litre cylinders strengthens its push into advanced composite technologies and supports the transition from heavy metal cylinders to lightweight alternatives.

Time Technoplast also has approvals for Type III composite hydrogen cylinders used in specialised applications such as drones, indicating a broader presence across the hydrogen ecosystem.

The company?s composite segment reported revenue of Rs 555 crore in the first nine months of FY26, reflecting strong demand. It has also commissioned a fully automated manufacturing facility at Morai near Vapi in Gujarat to produce CNG and hydrogen cylinders along with cascade systems.

With the new approval, the company aims to strengthen its position in India?s green hydrogen ecosystem and tap opportunities in clean mobility solutions.

Time Technoplast is a global manufacturer of polymer products with operations across multiple countries. Its portfolio spans industrial packaging solutions, lifestyle products, automotive components, infrastructure / construction related products, material handling solutions & composite cylinders.

On a consolidated basis, net profit of Time Technoplast rose 34.10% to Rs 51.04 crore while net sales rose 13.06% to Rs 689.63 crore in Q3 FY26 over Q3 FY25.

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The company further said that the balance 24% stake in SPL would be retained by its existing shareholders.

Systoverse is engaged in the manufacturing of ISI-certified HDPE pipes and sprinkler systems under the name 'Systo?. The company had recorded turnover of Rs 3.91 crore in FY2024-25.

Time Technoplast (TTL) stated that this acquisition is a part of the company?s strategy to strengthen its high-density polyethylene (HDPE) pipe portfolio and drive inorganic growth.

TTL?s infrastructure segment generated approximately Rs 280 crore in 9MFY26 compared to Rs 265 crore in 9MFY25, with the PE pipe business forming part of this segment.

The company operates four HDPE manufacturing facilities across India located in Silvassa (UT), Gummidipoondi (Tamil Nadu), Medchal (Telangana), and Amta (West Bengal).

Offering more details about the Systoverse, TTL said that SPL has secured required regulatory and operational approvals, including certification from the Bureau of Indian Standards and product approvals across multiple sizes. The company is also empanelled with Maharashtra Jeevan Pradhikaran.

SPL benefits from concessional corporate tax under Section 115BAB and receives state-level incentives including subsidies on power tariffs, SGST benefits, and interest subsidies. The company operates on leased land and buildings under long-term arrangements.

The proposed acquisition of SPL is expected to create strong synergies and unlocking new growth opportunities, Time Technoplast said in a statement.

Time Technoplast is a global manufacturer of polymer products with operations across multiple countries. Its portfolio spans industrial packaging solutions, lifestyle products, automotive components, infrastructure / construction related products, material handling solutions & composite cylinders.

On a consolidated basis, net profit of Time Technoplast rose 34.10% to Rs 51.04 crore while net sales rose 13.06% to Rs 689.63 crore in Q3 FY26 over Q3 FY25.

The contract, awarded by a domestic entity, covers the supply of Type IV CNG cylinders designed for mobile storage applications. The order is to be executed within one year.

Time Technoplast confirmed that neither its promoters nor promoter group companies have any interest in the awarding entity. The contract is not considered a related party transaction.

Time Technoplast is a global manufacturer of polymer products with operations across multiple countries. Its portfolio spans industrial packaging solutions, lifestyle products, automotive components, infrastructure / construction related products, material handling solutions & composite cylinders.

On a consolidated basis, net profit of Time Technoplast rose 34.10% to Rs 51.04 crore while net sales rose 13.06% to Rs 689.63 crore in Q3 FY26 over Q3 FY25.

Shares of Time Technoplast rose 0.53% to Rs 161.10 on the BSE.

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