All Time Plastics Ltd (ALLTIME)
🎯 Key Takeaways
- All Time Plastics Ltd is in a strategic transition phase, leveraging its dominant export orientation and capacity expansion to shift from commodity plastic products toward higher-margin, sustainable engineered bamboo products. While near-term profitability faces margin pressure, management is investing in long-term ESG-aligned diversification, supported by new machinery and international trade tailwinds.
- Revenue grew 10.9% QoQ to ₹162 in Q1FY27.
- ⚠️ 1) PAT margin compression continues despite EBITDA improvement, raising concerns about cost control and pricing power amid inflationary pressures. 2)
📖 The Story
All Time Plastics Ltd is in a strategic transition phase, leveraging its dominant export orientation and capacity expansion to shift from commodity plastic products toward higher-margin, sustainable engineered bamboo products. While near-term profitability faces margin pressure, management is investing in long-term ESG-aligned diversification, supported by new machinery and international trade tailwinds.
📰 What's Happening
In Q1 FY27, revenue grew 2% YoY to ₹161.7 crores, driven by strong export demand across 29 countries, with EBITDA margin expanding significantly to 14.5%. Management added 1,500 tons of capacity via 14 new machines in Q4 FY27 and plans to commission bamboo production machinery at its Guwahati facility by mid-August 2026. The company also appointed Akshay Shah and Dhvanit Shah to senior management roles effective August 5, 2026, signaling internal leadership continuity. Export revenue remains robust at 84% of total, underpinning international trade tailwinds.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 147 | 159 | 146 | 162 |
| Operating Profit | 9 | 16 | 14 | 15 |
| OPM % | 6.1% | 10.1% | 9.4% | 9.4% |
| Net Profit | 4 | 9 | 9 | 12 |
| EPS | ₹0.74 | ₹1.54 | ₹1.43 | ₹1.83 |
Revenue has shown modest but consistent growth over the past four quarters, rising from ₹147 crores in September 2025 to ₹162 crores in June 2026, indicating stabilization in demand. However, PAT margin declined to 7.4% in Q1 FY27 from 9.4% in the prior quarter, reflecting cost pressures despite operational improvements. While operating profit margins remain stable around 9.4%, the decline in net profitability suggests sensitivity to input costs or foreign exchange headwinds, which management attributes to temporary inflationary conditions.
🔮 Management Outlook & What's Next
Management expects commercial contributions from the new 1,500-ton capacity and the bamboo initiative to materialize from Q4 FY27 onward, with machinery expected at the Guwahati facility by mid-August 2026. The strategic focus is on sustainability, ESG credentials, and long-term diversification into engineered bamboo products, which could unlock higher-margin segments. No formal financial guidance was provided beyond operational milestones, but the emphasis is on scaling sustainable product lines to drive future margin expansion.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 11 | 13 | 13 |
| Reserves | 238 | 581 | 600 |
| Borrowings | 219 | 133 | 86 |
| Total Liabilities | 562 | 823 | 784 |
| Fixed Assets | 338 | 366 | 408 |
| Investments | 0 | 0 | 20 |
| Total Assets | 562 | 823 | 784 |
The balance sheet shows a stable capital structure with equity of ₹13 crores and reserves growing to ₹600 crores as of March 2026, indicating retained earnings are being capitalized. Borrowings remain low and declining in relative terms, with total assets increasing to ₹823 crores, suggesting ongoing investment in capacity and infrastructure. The company is not over-leveraged and appears to be funding growth internally, with minimal debt usage to support expansion.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +52 |
| Investing | -113 |
| Financing | +59 |
| Net Cash Flow | -2 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 70.1% | 70.1% | 70.2% | 70.2% |
| FII | 3.4% | 3.2% | 2.9% | 3.0% |
| DII | 10.9% | 10.2% | 10.3% | 10.4% |
| Public | 11.0% | 11.7% | 12.4% | 12.1% |
| # Shareholders | 40,361 | 31,378 | 29,699 | 28,843 |
Promoter holding remains stable at 70.15% over the past year, indicating confidence in long-term control. However, Foreign Institutional Investor (FII) ownership has declined from 3.36% in Q2FY26 to 2.93% in Q1FY27, while Domestic Institutional Investor (DII) shareholding has slightly decreased. The number of public shareholders has decreased from 40,361 to 28,843, suggesting potential consolidation in retail ownership, though no significant selling by promoters or institutions is evident.
⚖️ Peer Comparison — Plastic products
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| SUPREMEIND | 45,398 | 44.0 | 22.1% | 16.7% | 0.00 |
| ASTRAL | 40,535 | 70.4 | 20.0% | 14.2% | 0.04 |
| SHAILY | 14,945 | 84.5 | 33.8% | 32.3% | 0.34 |
| FINPIPE | 9,633 | 15.6 | 12.7% | 9.9% | 0.07 |
| TIMETECHNO | 9,411 | 18.5 | 20.9% | 17.2% | 0.22 |
| KINGFA | 8,169 | 36.2 | 39.9% | 31.0% | 0.05 |
| SAFARI | 7,500 | 45.4 | 19.8% | 14.8% | 0.00 |
| VIPIND | 4,312 | — | -43.7% | -130.7% | 1.42 |
| RESPONIND | 4,002 | 39.5 | 7.5% | 6.5% | 0.12 |
| PRINCEPIPE | 3,223 | 31.0 | 8.0% | 6.5% | 0.17 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) PAT margin compression continues despite EBITDA improvement, raising concerns about cost control and pricing power amid inflationary pressures. 2) Heavy reliance on exports (84% of revenue) exposes the company to global demand slowdowns and foreign exchange volatility. 3) The bamboo initiative is still in pre-commercialization phase, with commercial contributions expected only from Q4 FY27, making near-term returns uncertain. 4) Rising capex on new machinery may pressure cash flows if commercial uptake is slower than anticipated.
📋 Recent Filings
-
🟡 Board Meeting 27 August 2026All Time Plastics Limited announced its 26th Annual General Meeting will be held on September 24, 2026 at 11:00 a.m. IST via video conference, with re...
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Announcement 13 August 2026All Time Plastics Limited reported Q1 FY27 revenue of **₹161 crores**, up 2% YoY, with gross margin compressing to **39.5%** from 41.9% in Q4 FY26. EB...
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Announcement 6 August 2026All Time Plastics Limited announced that its Q1FY27 earnings call audio recording is now available on its website, providing investors access to the d...
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🔴 Financial Results 6 August 2026All Time Plastics Limited reported Q1 FY27 revenue of **₹161.7 crores**, up 2% YoY, with EBITDA margin expanding significantly to **14.5%** from prior...
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🔴 Announcement 5 August 2026All Time Plastics Limited announced the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside appoint...
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Announcement 29 July 2026All Time Plastics Limited announced an earnings conference call scheduled for August 6, 2026 at 12:00 noon IST to discuss unaudited standalone and con...
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Announcement 10 July 2026All Time Plastics Limited announced a reconciliation of its share capital audit report for the quarter ended June 30, 2026, submitted by its company s...
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share transfer 2 July 2026All Time Plastics Limited received certificates from KFin Technologies Limited, its registrar and share transfer agent, confirming compliance with SEB...
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🟡 concall transcript 30 June 2026All Time Plastics reported Q1 FY27 revenue of INR161 crores, up from INR146 crores in Q4 FY26 and INR158 crores a year earlier, driven by volume gains...
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Financial Results 24 June 2026All Time Plastics Limited announced that its trading window will close on July 1, 2026, and remain closed for 48 hours after the unaudited financial r...
🧠 Analyst's Read
All Time Plastics is executing a deliberate shift toward sustainable, engineered products with long-term margin potential, but near-term profitability remains pressured by transitional costs and external headwinds. Investors should monitor the ramp-up of bamboo production and export order trends for early signs of commercial success.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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