INVESTOR PRESENTATION MARCH 2017
Index 2. 3. 1. 4. Company Business/ Executive Financial Overview Industry Summary Overview Overview 2
Executive Summary
Executive Summary • TPL Plastech Ltd. (TPL) had commenced its operations in 1995, presently the company manufactures polymer drums & pipes. Overview • The company has manufacturing facilities at 5 locations and current capacity of 24,000 MT which is expanded by 30% over the previous years capacity. • Time Technoplast Ltd. (TTL) acquired 75% equity stake in 2006, hence became a TTL subsidiary. • Company is listed on BSE & NSE, with a market cap of INR 3,434 Mn (30 th December 2016). • Drums / Jerry Cans: Narrow Mouth & Open Top Drums ranging from 35 - 250 ltr capacity o Products Narrow & Wide Mouth Jerry cans ranging from 25 - 100 ltr capacity o • High Density Polyethylene (HDPE) Pipes ranging from 100 - 600 mm • Chemicals – Godrej Industries, Grasim, Cansec, Atul, Etc. Marquee • Petrochemicals – Gulf, Petrochem, Savita, Etc. Clients • Others – L&T, Jubliant , Sanstar , UPL, Etc. FY16 • Total Income: INR 1,867 Mn - 5 Year CAGR 14%; H1 FY17 – INR 877 Mn Financial • EBITDA: INR 211 Mn - 5 Year CAGR 8.4%; H1 FY17 – INR 107 Mn Highlights • PAT: INR 86 Mn - 5 year CAGR 8.5%; H1 FY17 – INR 54 Mn 4
Company Overview
TPL Plastech Ltd. - Snapshot • TPL Plastech Limited (TPL) was incorporated in 1992 and its manufacturing operations commenced in 1995, with a plant in Silvassa. The company manufactures rigid polymer drums and containers and expanded by addition of High Density Polyethylene (HDPE) Pipes processing ranging from 100-600 mm diameter at Pantnagar (Uttarakhand) to serve the northern region. • TPL has 5 manufacturing plants across India and has a total capacity of 24,000 MT and employs over 280 personnel. • Growing steadily, TPL has became the 2 nd largest manufacturer of drums in India, especially Bulk Packaging. • TPL has a huge client base catering to more than 225 customers in chemical & petrochemical industry. Revenue Breakup FY16 Financial Performance (INR Mn.) 1,950 12.0% 1,900 11.2% 10.0% HDPE Pipes 1,850 15% 10.0% 9.1% 1,800 8.0% 1,867 1,750 1,832 1,901 6.0% Drums & 1,700 Jerry Cans 85% 1,650 4.0% 4.8% 4.1% 3.8% 1,600 2.0% 1,550 1,500 0.0% FY14 FY15 FY16 Revenue EBIDTA % PAT % 6
Key Milestones 1992 - 2000 2001 - 2006 2007 - 2010 2011 - 2016 • Incorporated Pvt. Ltd. • Became a subsidiary of • Addition of jerry cans • Started production Company (1992) Time Technoplast Ltd. with 20 - 120 ltr capacity facility in Bhuj (Gujarat) (2008) (2012) • Got listed on BSE • Started production • Got listed on NSE (2015) (1994) facility in Jammu (2010) • Started operations at • Started production • Started production Silvassa (U.T.) in 1995 facility in Ratlam (M.P.) with plastic drums of facility in Pantnagar (2015) 200-250 ltr capacity. (Uttarakhand) (2010) 7
Management Team Promoter Company: Time Technoplast Ltd. (TTL) is a leading technology based innovative polymer product company. Over the years, TTL has emerged as a formidable player in the polymer space, with a product repertoire that caters to diverse segments like Industrial Packaging, Infrastructure, Lifestyle, Healthcare and Auto Components related products. It focuses on replacing metals with polymers in high performance areas using innovation and latest technology. TTL services wide spectrum of user industry in each of its business verticals reducing sectorial risks and tapping new opportunity for growth. TTL is an aspiring Indian multinational having its presence in India, Thailand, Taiwan, Indonesia, Vietnam, Malaysia, UAE, Bahrain & Egypt. Mr. Sanjaya Kulkarni Mr. M. K. Wadhwa Dr. G. N. Mathur Ms. Monika Srivastava Mr. Kamlesh Joisher Chairman & Non-Executive & Non-Executive & Non-Executive & Whole Time Director Independent Director Independent Director Independent Director Independent Director • Engineering degree • More than 23 years • CA with an • Professor at IIT • More than 27 years from IIT & MBA from of experience in experience of over Kanpur. of work experience IIM Ahmedabad the plastic industry 28 years in spanning across • Renowned polymer accounts and various sectors. • Over 33 years of • Has been working technologist having related areas. experience with the company associated with • Currently with associating with the since inception • Independent some of the finest Aviom Exim Pvt Ltd Indian industry Director of Time institutions like HDBT as Director. Technoplast Ltd. Kanpur, DRDO and • Independent others. Director of Time Technoplast Ltd. for more than 15 years. 8
Geographical Presence Annual Installed Capacity MT Jammu Drums & Jerry cans 21,200 Pipes 2,800 Uttarakhand Bhuj, Kutch Ratlam Silvassa Mumbai Corporate Office Manufacturing Facilities (5) 9
Marquee Customers 10
Key Strengths Post acquisition TPL became a Time Group company, enabling access to latest technology platform for polymer processing and product development 1 Integrating and upgrading its Raw material sourcing ability and 7 2 operations for cost reduction with the combining its requirement to get bulk help of Time Technoplast Ltd. volume discounts. 6 3 ISO 9001 accredited company qualified Strong customer base, independent to service multi-nationals and blue chips of TTL and positioning as alternate of Indian Corporate supplier to customers.. 5 4 Highly efficient lean organization Located in Western, Central structure with low operating & Northern region costs 11
Business / Industry Overview
Drums & Jerry cans Open Top Drums Narrow Mouth Drums Narrow & Wide Mouth Jerry cans • Open top drums are tapered in shape • Narrow mouth drums are • Narrow mouth & Wide mouth type has and useful for packing powder, paste manufactured out of fully automatic got wide acceptance in the market in type and semi liquid / solid products. It is blow molding machine and are both Liquid / Semi Liquid, powder and easier to handle and has rust free metal designed to withstand high drop Paste type of product. rings and pilfer proof leads. impact resistance and having • These carboys are high drop impact dimensions which helps in optimum • These drums are rust free and durable resistant and has pilfer proof packing stuffing of drums in FCL containers for • Range : 35 to 235 Ltr capacity • Range : 25 to 100 Ltr capacity export. • Manufacturing Plant : : Silvassa, Ratlam, • Manufacturing Plants : Silvassa , Jammu • These Drums are corrosion free and Jammu & Kutch. & Ratlam. has long shelf life. • Industry : Dyestuff, Food, pharma and • Industry : Specialty Chemicals. • High after use resale value after many more. compared to steel drums. • Range : 210 to 250 Ltr capacity • Manufacturing Plants : Silvassa, Ratlam, Jammu & Kutch. • Industry : Chemicals, Petrochemicals, pharmaceutical, Food and many more
HDPE Pipes • HDPE pipes are capable of handling semi-solid & gaseous effluents and has unmatched resistance to corrosive chemicals. They are lighter, easy to handle & install compared to heavier metallic or concrete pipes. • These pipes are 100% leak proof therefore they are preferred over Galvanized, Ductile iron, Cement pipes. • These pipes can be joined by different means depending upon end use requirements. Some of the joining techniques are: • Butt Fusion welding (widely used) • Socket Fusion Joint • Electro Fusion Joint • Range : 100 mm to 600 mm of pressure range • Brand: Max’m PE pipes • Manufacturing Plant : Pantnagar (Uttarakhand) • Industry : Irrigation, Sewage, Effluent Treatment, Desalination Plant, Power Plant and more.
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