All Time Plastics Limited (ALLTIME) — Financial Results Announcement

· NSE 🔴 High Importance Neutral

Investor Takeaways

  • Revenue of ₹145.7 crores in Q4FY26, up from ₹159.4 crores in Q3FY26 and ₹147.4 crores in Q2FY26
  • Net profit of ₹9.3 crores in Q4FY26, compared to ₹9.17 crores in Q3FY26 and ₹4.09 crores in Q2FY26
  • OPM of 14.76% in Q4FY26, down from 18.2% in Q1FY26 but stable versus Q3FY26 at 14.77%
  • Capacity utilization at 87% in Q4FY26, up from previous quarters
  • Gross margin improved to 41.9% in Q4FY26 from 18.2% annual FY26
  • Branded domestic sales account for 66% of revenue (FY25P)
  • Export growth projected at 6-8% (CY19-CY23)
  • Revenue growth projected at 11-12% CAGR (FY23-FY26)
  • Market Cap: ₹1,559.35 Cr
  • P/E Ratio: 59.82
  • Overall Tone: Neutral

    Key Financial Highlights

    MetricValueYoY Change
    Revenue₹145.7 CrN/A
    Net Profit₹9.3 CrN/A
    EBITDANot availableN/A
    EPS₹1.43N/A
    OPM14.76%N/A

    What Changed

    All Time Plastics Limited reported Q4FY26 revenue of ₹145.7 crores and net profit of ₹9.3 crores, reflecting sequential stability in profitability despite a decline from Q3FY26 revenue of ₹159.4 crores. The company highlighted a significant improvement in gross margin to 41.9% in Q4FY26 from 18.2% in the full FY26, driven by favorable product mix and moderating input costs. Capacity utilization increased to 87%, indicating better operational efficiency. The business is showing strength in branded domestic sales, which now represent 66% of revenue (FY25P), supported by urbanization trends and expansion in the bamboo division. Trade tailwinds and growth in sustainable product segments are contributing to improved margins and execution. The company projects 11-12% CAGR in revenue (FY23-FY26) and 6-8% export growth (CY19-CY23), signaling confidence in long-term growth. The Q4FY26 performance reflects incremental progress in margin expansion and operational scaling, though profitability remains sensitive to volume and input cost dynamics.

    Peer Comparison

    CompanyP/EROEROCEMarket Cap (₹ Cr)
    ALLTIME59.82Not availableNot available1,559.35
    TITAN77.5941%34.34%3,70,126.93
    ASIANPAINT64.9519.82%25.99%2,49,928.58
    LGEINDIAN/AN/A%N/A%1,07,232.46

    ALLTIME trades at a lower P/E multiple compared to TITAN and ASIANPAINT, but its ROE and ROCE metrics are not available in the provided data. The company’s market capitalization is significantly lower than the peers, reflecting its smaller scale. Peer companies demonstrate higher profitability ratios, though ALLTIME’s valuation is not directly comparable due to differences in business model and sector positioning.

    ALLTIME’s focus on branded products and sustainable materials positions it differently within the consumer durables space, with growth driven by domestic demand and export expansion.

    Risks & Concerns

  • Input cost volatility remains a potential concern, despite current moderation
  • Profitability in Q2FY26 was significantly lower (OPM 10.96%, profit ₹4.09 Cr), indicating earnings volatility
  • No specific risks were highlighted in the filing beyond operational execution
  • Earnings per share (EPS) fluctuated notably across quarters, from ₹0.72 in Q2FY26 to ₹2.44 in Q1FY26
  • No specific risks were identified in the filing beyond general operational exposure.

    Quarterly Trend

    QuarterRevenue (₹ Cr)Net Profit (₹ Cr)OPM%
    Q4FY26145.759.3314.76
    Q3FY26159.49.1714.77
    Q2FY26147.44.0910.96
    Q1FY26157.9812.8118.2

    📄 View Original Announcement (PDF)

    Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.