Titan Company Ltd 

Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flo
₹023,462  -0.17%
Aug - close price
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ABOUT
Titan Company Ltd is among India’s most respected lifestyle companies. It has established
leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted
brands and differentiated customer experience. It was founded in 1984 as a joint-venture
between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO). [1]
KEY POINTS
Brands
SKINN, Fastrak, Titan Eye+, Tanishq, Sonata, etc. [1]
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 Website  BSE  NSE

Market Cap ₹ 3,07,383 Cr.

Current Price ₹ 3,462
High / Low ₹ 3,887 / 2,882
Stock P/E 89.0
Book Value ₹ 106
Dividend Yield 0.32 %
ROCE 22.7 %
ROE 32.9 %
Face Value ₹ 1.00
Change in Prom Hold 0.00 %
Promoter holding 52.9 %
Debt ₹ 15,528 Cr.
ROE 3Yr 30.3 %
Industry PE 26.4
PEG Ratio 4.40
10Yrs PE 72.2
Profit growth 7.33 %
High price all time ₹ 3,887
Free Cash Flow ₹ 1,024 Cr.
Intrinsic Value ₹ 652
OPM 10.3 %
Sales growth 21.9 %
Sales growth 5Years 20.9 %
EPS ₹ 38.9
Pledged percentage 0.00 %
Debt to equity 1.65

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✓ Price on NSE ✓ 50 DMA ✓ 200 DMA ✓ Volume

PROS CONS
Company has delivered good profit Stock is trading at 32.7 times its
growth of 20.2% CAGR over last 5 book value
years Company might be capitalizing the
Company has a good return on interest cost
equity (ROE) track record: 3 Years
ROE 30.3%
Company has been maintaining a
healthy dividend payout of 28.7%
* The pros and cons are machine generated. 

Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting /  EDIT COLUMNS
Jewellery
 Div
Mar Cap Yld NP Qtr Qtr Sales Qtr
S.No. Name CMP Rs. P/E Rs.Cr. % Rs.Cr. Profit Rs.Cr.
Var %
1. Titan Company 3462.35 88.99 307382.64 0.32 715.00 -5.05 13266.00
2. Kalyan Jewellers 559.75 91.53 57688.58 0.21 177.56 23.69 5535.48
3. Rajesh Exports 304.70 26.81 8996.57 0.00 -31.57 -108.63 91444.97
4. Senco Gold 987.30 40.64 7671.73 0.10 36.83 38.25 1129.93
5. Vaibhav Global 326.20 41.60 5411.95 1.84 27.45 -7.17 756.01
6. Thangamayil Jew. 1736.40 39.31 4764.54 0.58 56.56 -3.50 1222.06
7. PC Jeweller 95.03 4422.73 0.00 -121.64 59.78 48.49
Median: 21 Co. 185.33 26.39 1352.76 0.1 12.61 10.3 506.51

Detailed Comparison with: eg. Infosys

Quarterly Results PRODUCT SEGMENTS

Consolidated Figures in Rs. Crores / View Standalone
Jun Sep Dec Mar Jun Sep Dec Mar Jun
2021 2021 2021 2022 2022 2022 2022 2023 2023 2
Sales + 3,473 7,493 10,037 7,796 9,443 9,163 11,609 10,360 11,897 12,
Expenses + 3,336 6,525 8,595 7,002 8,247 7,916 10,262 9,271 10,772 11,
Operating 137 968 1,442 794 1,196 1,247 1,347 1,089 1,125 1,
Profit
OPM % 4% 13% 14% 10% 13% 14% 12% 11% 9%
Other Income + 46 55 57 22 44 61 90 114 114
Interest 49 51 57 61 65 60 79 96 109
Depreciation 95 104 98 102 103 106 113 119 128
Profit before 39 868 1,344 653 1,072 1,142 1,245 988 1,002 1,
tax
Tax % 54% 26% 25% 19% 26% 27% 27% 26% 25%
Net Profit + 18 641 1,012 527 790 835 913 736 756
EPS in Rs 0.23 7.20 11.31 5.74 8.84 9.36 10.18 8.22 8.48 10
 Jun Sep Dec Mar Jun Sep Dec Mar Jun
2021 2021 2021 2022 2022 2022 2022 2023 2023 2
Raw PDF         

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone
📥 RELATED PARTY PRODUCT SEGMENTS
Mar Mar Mar Mar Mar Mar Mar Mar Mar
2013 2014 2015 2016 2017 2018 2019 2020 2021
Sales + 10,123 10,927 11,913 11,276 13,261 16,120 19,779 21,052 21,644
Expenses + 9,109 9,880 10,761 10,337 12,097 14,476 17,785 18,589 19,919
Operating 1,014 1,047 1,153 939 1,164 1,644 1,994 2,463 1,725
Profit
OPM % 10% 10% 10% 8% 9% 10% 10% 12% 8%
Other Income + 99 117 67 69 -42 70 178 153 180
Interest 51 87 81 42 38 53 53 166 203
Depreciation 56 68 90 98 111 131 163 348 375
Profit before 1,006 1,010 1,049 868 973 1,530 1,957 2,102 1,327
tax
Tax % 28% 27% 22% 22% 28% 28% 29% 29% 27%
Net Profit + 725 735 816 675 697 1,102 1,389 1,493 974
EPS in Rs 8.17 8.28 9.19 7.60 8.01 12.73 15.82 16.91 10.96
Dividend 26% 25% 25% 29% 32% 29% 32% 24% 37%
Payout %

Compounded
Sales Growth Compounded
Profit Growth Stock
CAGR Price Return
Equity on
10 Years: 17% 10 Years: 17% 10 Years: 26% 10 Years: 26%
5 Years: 21% 5 Years: 20% 5 Years: 27% 5 Years: 27%
3 Years: 33% 3 Years: 54% 3 Years: 24% 3 Years: 30%
TTM: 22% TTM: 7% 1 Year: 19% Last Year: 33%
Balance Sheet CORPORATE ACTIONS
Consolidated Figures in Rs. Crores / View Standalone
Mar Mar Mar Mar Mar Mar Mar Mar Mar
2013 2014 2015 2016 2017 2018 2019 2020 2021
Equity Capital 89 89 89 89 89 89 89 89 89
Reserves 1,881 2,434 2,995 3,418 4,144 5,001 5,981 6,580 7,408
Borrowings + 0 807 100 113 1,882 1,691 2,393 3,562 5,638
Other Liabilities + 3,914 2,781 2,684 2,723 2,293 2,740 3,247 3,313 3,309
Total Liabilities 5,884 6,111 5,868 6,342 8,408 9,521 11,710 13,544 16,444 2
Fixed Assets + 464 614 699 771 1,189 1,474 1,567 2,633 2,523
CWIP 42 33 55 107 152 43 32 18 32
Investments 3 3 3 30 431 36 108 158 2,824
Other Assets + 5,375 5,461 5,111 5,434 6,636 7,968 10,003 10,735 11,065 1
Total Assets 5,884 6,111 5,868 6,342 8,408 9,521 11,710 13,544 16,444 2

Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar Mar Mar Mar Mar Mar Mar Mar Ma
2013 2014 2015 2016 2017 2018 2019 2020 202
Cash from Operating Activity + 553 -555 503 576 1,712 -51 1,243 -348 4,139
Cash from Investing Activity + -142 -271 -118 -159 -953 98 -797 235 -2,799
Cash from Financing Activity + -236 497 -1,005 -505 -166 -252 -489 -242 -1,234
Net Cash Flow 176 -329 -620 -88 594 -206 -43 -355 106

Ratios
Consolidated Figures in Rs. Crores / View Standalone
 Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Debtor 6 5 6 6 6 7 8 5 6 7 6 7
Days
Inventory 179 175 169 198 189 185 178 195 187 230 199 176
Days
Days 102 39 81 74 30 27 23 14 18 22 15 13
Payable
Cash
Conversion 83 142 94 131 165 164 163 186 176 215 191 171
Cycle
Working
Capital 7 55 62 78 94 99 99 112 113 146 121 115
Days
ROCE % 62% 42% 35% 27% 23% 25% 26% 24% 13% 21% 25% 23%

Shareholding Pattern Quarterly Yearly TRADES

Numbers in percentages
Sep Dec Mar Jun Sep Dec Mar
2021 2021 2022 2022 2022 2022 2023 2
Promoters + 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.
FIIs + 19.06% 18.56% 18.40% 16.77% 17.04% 17.53% 17.51% 18.
DIIs + 10.10% 10.29% 10.21% 11.26% 11.71% 11.14% 11.23% 10.
Government + 0.16% 0.16% 0.16% 0.16% 0.17% 0.17% 0.17% 0.
Public + 17.78% 18.09% 18.33% 18.91% 18.17% 18.26% 18.19% 17.
Others + 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.
No. of
Shareholders 3,91,334 5,01,614 5,78,252 6,87,810 6,66,373 6,88,377 7,19,167 6,75

* The classifications might have changed from Sep'2022 onwards. 

Documents
Announcements Annual reports
Recent Important Search All  Financial Year 2024
Announcement under Regulation 30 (LODR)-Analyst from bse
/ Investor Meet - Outcome 1d Financial Year 2023
Announcement under Regulation 30 (LODR)-Investor from bse
Presentation 1d Financial Year 2022
from bse
Board Meeting Outcome for Outcome Of The Board
Meeting In Accordance With The SEBI (LODR) Financial Year 2021
Regulation, 2015 1d from bse
Outcome Of The Board Meeting In Accordance With Financial Year 2020
The SEBI (LODR) Regulation 2015 1d
 from bse 

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