Time Technoplast Adjusts Valuation Grade Amid Strong Market Performance and Competitive Metrics

Time Technoplast, a midcap player in the plastic products industry, has recently undergone a valuation adjustment. The company's current price stands at 403.25, reflecting a notable increase from the previous close of 388.05. Over the past year, Time Technoplast has demonstrated strong performance, with a return of 82.88%, significantly outpacing the Sensex's 7.07% return during the same period.
Key financial metrics for Time Technoplast include a PE ratio of 24.68 and an EV to EBITDA ratio of 12.97, indicating its market positioning within the industry. The company also boasts a return on capital employed (ROCE) of 18.07% and a return on equity (ROE) of 14.17%, showcasing its operational efficiency.

In comparison to its peers, Time Technoplast's valuation metrics reveal a competitive landscape. For instance, Finolex Industries has a PE ratio of 24.07, while other competitors like Safari Industries and Shaily Engineers are positioned at higher valuation levels. This context highlights Time Technoplast's relative standing in the market, emphasizing the importance of ongoing performance evaluation in the dynamic plastic products sector.