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Motilal Oswal keeps Buy call for Time Technoplast, targets ₹280
The brokerage said Time Technoplast’s predominantly B2B model, with monthly pricing, helped it pass input cost moves to customers with a lag of 20 to 25 days.
Motilal Oswal Financial Services reiterated its Buy rating on Time Technoplast and set a target price of ₹280, implying more than 52% upside from the stock’s ₹184 level, according to LiveMint Markets.
The brokerage said the company has shown resilience in a challenging operating environment, citing multiple growth and margin-expansion levers and projecting RoE and RoCE (pre-tax) to rise to about 14% and 19% in FY28.
Motilal Oswal pointed to pressures during FY26, including tensions in West Asia, the Russia-Ukraine conflict, and volatility across crude and polymer prices, freight costs, and currency markets, while noting that Time Technoplast still delivered record revenue, EBITDA, and profit after tax.
The brokerage also highlighted that Time Technoplast’s B2B model and disciplined monthly pricing mechanism can pass input cost movements to customers with a 20 to 25 day lag, even as it referenced a QIP-led equity dilution.
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