Time Technoplast Receives 'Buy' Rating and Shows Strong Growth in Last Four Quarters

Time Technoplast, a midcap company in the plastic products industry, has recently received a 'Buy' rating from MarketsMOJO. This upgrade comes as the company has consistently shown positive results in the last four quarters. In fact, its Profit After Tax (HY) has grown by an impressive 43.46%, with the highest Return on Capital Employed (HY) at 15.74% and a low Debt-Equity Ratio (HY) of 0.33 times.
The stock is currently in a bullish range and has shown a technical trend improvement since October 14, 2024, with a return of -2.48%. Multiple factors, such as MACD, Bollinger Band, KST, DOW, and OBV, indicate a bullish outlook for the stock.

Moreover, with a ROCE of 16.1, the stock is attractively valued with a 3.1 Enterprise value to Capital Employed. It is also trading at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 174.70%, while its profits have increased by 44.6%. The PEG ratio of the company is also at a low 0.6.

Institutional investors have also shown an increasing interest in Time Technoplast, with a 1.8% increase in their stake in the previous quarter. They hold a collective 19.56% of the company, indicating their confidence in its fundamentals.

However, there are some risks to consider, such as poor long-term growth as the company's Net Sales and Operating Profit have only grown at an annual rate of 7.10% and 7.50%, respectively, over the last five years.

Overall, Time Technoplast is a promising midcap company in the plastic products industry, with consistent returns over the last three years and a positive outlook for the future. Investors may want to consider adding it to their portfolio.