vishnuvega
18-12-2007, 07:46 AM
IL&FS Investsmart has maintained buy rating on Time Technoplast in their December 13, 2007 report. "Time Technoplast Ltd (TTPL), the market leader in the industrial packaging industry, is expected to report robust growth in revenues and net profits aided by the strong demand from the user industry. The company’s revenues and PAT are set to grow at a CAGR of 46% and 57% respectively through FY07-09E. TTPL is trading at a PER of 24xFY08E and 16xFY09E earnings. Considering the robust growth prospects, we initiate coverage on the stock with a Buy recommendation," according to IL&FS Investsmart report.