Time Technoplast Ltd Share Price – NSE /  BSE

Plastic products, Small Cap

The order was awarded through the Government e-Marketplace (GeM) and is scheduled to be executed within six months, the company said.

Time Technoplast said the contract reflects the accelerating adoption of composite LPG cylinders by India's oil marketing companies, driven by their enhanced safety, lightweight construction and improved consumer convenience. The company added that the order reinforces its leadership in the composite cylinder segment and supports the transition towards modern, customer-centric LPG distribution.

The company noted that the order assumes added significance as HPCL has recently introduced a distribution model for composite LPG cylinders through leading quick-commerce platforms, enabling on-demand deliveries to consumers. Time Technoplast said its participation in the initiative underscores its focus on delivering innovative and sustainable packaging solutions for India's energy sector.

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.

Time Technoplast has reported 20.4% rise in consolidated net profit to Rs 131.84 crore on a 14.2% increase in revenue from operations to Rs 1,676.67 crore in Q4 FY26 over Q4 FY25.

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Time Technoplast has received a Government e-Marketplace (GeM) contract from Hindustan Petroleum Corporation (HPCL) for the supply of 1,40,000 numbers of 10 kg Composite LPG Cylinders, valued at approximately Rs 38.14 crore.

Post completion of the transaction, Systoverse will become a subsidiary of TTL, while the remaining 24% stake will continue to be held by existing shareholders. The deal is expected to close within 30 days of execution.

The total projected investment for the transaction is approximately Rs 25 crore, which includes the acquisition cost along with planned expenditure towards plant upgradation, modernization, capacity expansion, and capital expenditure on plant and machinery. The transaction will be funded through cash consideration via cheque, NEFT, or RTGS.

Incorporated on January 21, 2022, Systoverse is engaged in the manufacture of ISI-certified HDPE pipes and sprinkler systems under the brand name ?Systo?. The company operates a manufacturing facility at Nardana Industrial Area (Phase-II), MIDC Nardana, Dhule, Maharashtra, with an installed capacity of 3,600 metric tonnes per annum.

The acquisition aligns with TTL?s strategy to strengthen its HDPE pipe portfolio, accelerate inorganic growth, and expand its operational presence in Maharashtra, while enhancing its presence in the domestic pipe industry. The move also supports the company?s focus on delivering efficient and sustainable piping solutions under the Government of India?s ?Make in India? initiative.

For the financial year ended March 31, 2026, Systoverse reported a turnover of Rs 1.41 crore and net worth of Rs 2.23 crore. The company had posted turnover of Rs 3.91 crore in FY25 and Rs 26.88 crore in FY24.

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.

Time Technoplast has reported 20.4% rise in consolidated net profit to Rs 131.84 crore on a 14.2% increase in revenue from operations to Rs 1,676.67 crore in Q4 FY26 over Q4 FY25.

The scrip fell 1.21% to Rs 166.80 on the BSE.

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Time Technoplast announced that the Board of Directors of the Company at its meeting held on 27 May 2026, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 150%) , subject to the approval of the shareholders.