Shares of Time Technoplast Ltd gained 1.74% on Monday, September 8, rising ₹8.25 to ₹481.45 on the NSE after the company announced its entry into the flexible industrial packaging segment through a strategic acquisition.
The company signed a Memorandum of Understanding (MoU) to acquire a 74% stake in Ebullient Packaging Pvt Ltd (EPPL), valuing the target at an enterprise value of ₹200 crore. The acquisition, expected to be completed within 4–6 months, will be funded through cash and is subject to due diligence.
Founded in 2003, EPPL manufactures Flexible Intermediate Bulk Containers (FIBCs), polymer drums, jerry cans, steel containers, and also provides reconditioning of Intermediate Bulk Containers (IBCs). It serves industries such as chemicals, pharmaceuticals, FMCG, agriculture, food processing, construction, and textiles. EPPL reported revenues of ₹210 crore in FY25 and has projected ₹250 crore for FY26 with an EBITDA margin of about 10%.
Time Technoplast, already a leader in rigid packaging and advanced polymer products across 11 countries, said the acquisition will allow it to expand into flexible bulk packaging and unlock synergies through cross-selling, global reach, and technology integration. The move also aligns with the government’s ‘Make in India’ vision, tapping into India’s fast-growing FIBC market, currently valued at around ₹7,000 crore and projected to grow at 20% CAGR.
Investor sentiment turned positive on the news, with the stock moving higher in early trade as markets welcomed the company’s inorganic expansion strategy.
