The Morai CNG plant just doubled composite capacity, and with 1,850 Mn in cascades order book, the market still hasn't priced in the growth ahead.
Overall read
6.8/10
Cheap, quality forming
The three reads · this quarter
The Morai CNG plant just doubled composite capacity, and with 1,850 Mn in cascades order book, the market still hasn't priced in the growth ahead.
Overall read
6.8/10
Cheap, quality forming
The three reads · this quarter
The standing reads · change less often
Moat
Moderate edge
Scale-based cost advantages in industrial packaging, but commoditised inputs constrain pricing power.
Key variables
5 tracked
lead: Order book (composite cascades / packaging tender / PE pipes)A combined ~Rs 810 Cr book gives real forward cover weighted to PE pipes and the packaging tender; the Rs 185 Cr cascade book is the one to watch as the leading indicator for the small-but-strategic CNG unit line.
Walk the talk
Weak
Composite products segment grew 29.3% in Q1 FY27, with strong order book of INR 1850 Mn for CNG cascades.
Latest · newest first
3d ago · M&A / Investment
Board approves investment up to Rs 50 crore in Time Intercontinental equity shares.
3d ago · M&A / Investment
In-principle approval for merger of subsidiary TPL Plastech with parent Time Technoplast.
2w ago · Order Wins
Secures order for hydrogen storage and fuel delivery system for NTPC's hydrogen-powered locomotive pilot project. (~₹2 cr)
3w ago · Business Update
Monitoring Agency Report for quarter ended June 30, 2026.
17 Jul 2026 · Order Wins
Received GeM contract from HPCL for supply of 1,40,000 composite LPG cylinders worth Rs. 38.14 crore.
1 of 5 guidance items delivered on time
Where it sits