TPL Plastech Limited, incorporated in 1992 and formerly known as Tainwala Polycontainers Limited, is a prominent Indian company operating as a subsidiary of Time Technoplast Limited. The company specializes in the manufacturing of High-Density Polyethylene (HDPE) drums and containers, primarily for bulk packaging applications. It is recognized as India's second-largest manufacturer of these industrial packaging solutions. Headquartered in Mumbai, Maharashtra, TPL Plastech's core business revolves around polymer products, with all operations concentrated in India. As an integral part of a leading plastic processing group in Asia, the company is committed to high-quality manufacturing standards, holding ISO certification since 1998.
TPL Plastech has demonstrated steady financial growth. For FY25, the company reported revenues of ₹3,494 Million, marking an 11.5% increase, and a Profit After Tax (PAT) of ₹236 Million, up by 18.8%. The net profit for Q4 FY25 saw a rise of 12.52% to ₹6.83 crore compared to ₹6.07 crore in the previous year, while sales increased by 11.42% to ₹92.18 crore from ₹82.73 crore.
The company's market standing is reinforced by its position as India's second-largest manufacturer of HDPE barrels. TPL Plastech is part of Time Technoplast Ltd, which holds a significant 75% stake, with overall promoter holding standing at 74.86% as of March 2025. This strong backing from its parent company, a market leader in the domestic industrial packaging industry, provides substantial operational and product support.
- FY25 Performance: Revenue of ₹3,494 Million (+11.5%), PAT of ₹236 Million (+18.8%)
- Q4 FY25 Performance: Net Profit ₹6.83 crore (+12.52%), Sales ₹92.18 crore (+11.42%)
- Market Capitalization: ₹664 Crore (as of March 2025)
- Revenue: ₹349 Crore (FY25)
- Profit: ₹23.6 Crore (FY25)
- P/E Ratio: 33.47
- P/B Ratio: 5.09
- Promoter Holding: 74.86% (Time Technoplast Ltd) (as of March 2025)
The Company operates a robust manufacturing infrastructure comprising 6 plants strategically located across India to efficiently serve the domestic market. A key facility in Silvassa produces high-molecular high-density polyethylene (HMHDPE) containers (up to 220 liters), plastic fuel tanks for vehicles, and other blow-molded articles, benefiting from technical collaboration with S T Soffiaggio Technica, Italy.
Expansion efforts have led to the establishment of new units. A plant in Pantnagar commenced commercial production in 2011, followed by another unit in Kutch District, Gujarat, which started production in 2011-12. In April 2023, TPL Plastech commissioned a Greenfield unit at Dahej, Gujarat, focusing on manufacturing Intermediate Bulk Containers (IBCs) and other industrial packaging products like drums and jerry cans.
TPL Plastech manufactures a diverse range of HDPE drum containers with capacities from 20 to 250 liters, essential for the bulk packaging of various products including specialty chemicals, paints, inks, pharmaceuticals, and fast-moving consumer goods (FMCG). The company also produces smaller packaging items, with capacities ranging from 30ml to 10 liters.
The product range includes:
- Narrow Mouth Drums: Ranging from 210 liters to 250-liter capacity.
- Narrow Mouth and Wide Mouth Carboys: From 25 liters to 250-liter capacity.
- Open Top Drums: Available in Bulk and Medium capacities, designed for viscous and powder materials, with provision for metal/plastic ring closures.
- HMHDPE Containers: Suitable for packaging chemicals, dyestuffs, bulk pharmaceuticals, explosives, and petrochemicals.
- Intermediate Bulk Containers (IBCs): Including QuBC and COBO IBC types.
- Small HDPE Packaging: Capacities from 30ml to 10 liters, manufactured using Extrusion Blow Molding (EBM), Injection Blow Molding (IBM), and Injection Molding (IM) technologies. This segment includes bottles for lubricant oil, pesticides, cosmetics, food & beverages, cleaning & hygiene products, as well as solutions for pharma, agro-based products, cosmetics, personal care, caps & closures, and promotional packaging.
TPL Plastech is committed to maintaining high-quality standards. The company was the first in the industry to receive an ISO certification for bulk packaging in 1998. It produces barrels that meet U/N Certified Quality Standards, utilizing high molecular – high-density polyethylene. Rigorous in-house testing is conducted on both raw materials and finished products to ensure adherence to quality benchmarks.
TPL Plastech's strategic position as India's second-largest drum manufacturer, supported by its extensive manufacturing network and strong affiliation with Time Technoplast Limited, positions it favorably to capitalize on the escalating demand for industrial packaging solutions across critical sectors such as chemicals, pharmaceuticals, and consumer goods.
