Titan Company Ltd
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]
- Market Cap ₹ 3,24,251 Cr.
- Current Price ₹ 3,651
- High / Low ₹ 3,867 / 2,925
- Stock P/E 90.2
- Book Value ₹ 189
- Dividend Yield 0.30 %
- ROCE 17.2 %
- ROE 21.3 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
- Company has been maintaining a healthy dividend payout of 27.9%
Cons
- Stock is trading at 19.2 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
10,916 | 11,903 | 11,084 | 12,897 | 15,621 | 19,070 | 20,010 | 20,602 | 27,210 | 38,270 | 47,114 | 54,842 | 57,353 | |
9,864 | 10,746 | 10,135 | 11,693 | 13,886 | 17,064 | 17,592 | 18,896 | 23,928 | 33,497 | 42,090 | 49,550 | 51,640 | |
Operating Profit | 1,051 | 1,158 | 949 | 1,204 | 1,736 | 2,006 | 2,418 | 1,706 | 3,282 | 4,773 | 5,024 | 5,292 | 5,713 |
OPM % | 10% | 10% | 9% | 9% | 11% | 11% | 12% | 8% | 12% | 12% | 11% | 10% | 10% |
117 | 66 | 69 | -40 | -7 | 104 | 146 | 39 | 192 | 296 | 510 | 493 | 482 | |
Interest | 87 | 81 | 42 | 37 | 48 | 44 | 149 | 181 | 195 | 240 | 480 | 767 | 801 |
Depreciation | 66 | 87 | 87 | 93 | 110 | 139 | 310 | 331 | 347 | 364 | 447 | 537 | 554 |
Profit before tax | 1,016 | 1,056 | 888 | 1,033 | 1,571 | 1,927 | 2,105 | 1,233 | 2,932 | 4,465 | 4,607 | 4,481 | 4,840 |
Tax % | 27% | 22% | 21% | 26% | 26% | 29% | 28% | 29% | 26% | 25% | 23% | 26% | |
741 | 823 | 698 | 762 | 1,163 | 1,374 | 1,517 | 877 | 2,180 | 3,333 | 3,544 | 3,335 | 3,595 | |
EPS in Rs | 8.35 | 9.27 | 7.86 | 8.58 | 13.10 | 15.48 | 17.09 | 9.88 | 24.56 | 37.54 | 39.92 | 37.57 | 40.49 |
Dividend Payout % | 25% | 25% | 28% | 30% | 29% | 32% | 23% | 41% | 31% | 27% | 28% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 22% |
3 Years: | 26% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 17% |
3 Years: | 15% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 26% |
3 Years: | 13% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 24% |
3 Years: | 26% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
Reserves | 2,435 | 3,003 | 3,446 | 4,223 | 5,105 | 6,093 | 6,736 | 7,464 | 9,284 | 11,905 | 14,368 | 16,722 |
806 | 100 | 113 | 1,867 | 1,604 | 2,288 | 3,269 | 5,243 | 6,605 | 7,862 | 12,661 | 17,171 | |
2,777 | 2,680 | 2,661 | 2,138 | 2,599 | 3,000 | 3,094 | 3,064 | 4,159 | 5,232 | 5,744 | 7,093 | |
Total Liabilities | 6,107 | 5,872 | 6,308 | 8,318 | 9,396 | 11,470 | 13,188 | 15,860 | 20,137 | 25,088 | 32,862 | 41,075 |
596 | 683 | 654 | 707 | 974 | 1,069 | 2,053 | 1,959 | 1,925 | 2,161 | 2,691 | 3,019 | |
CWIP | 33 | 55 | 77 | 148 | 41 | 26 | 14 | 25 | 71 | 127 | 87 | 94 |
Investments | 27 | 33 | 90 | 886 | 734 | 876 | 983 | 3,512 | 884 | 3,259 | 7,813 | 7,723 |
5,451 | 5,101 | 5,487 | 6,576 | 7,648 | 9,499 | 10,138 | 10,364 | 17,257 | 19,541 | 22,271 | 30,239 | |
Total Assets | 6,107 | 5,872 | 6,308 | 8,318 | 9,396 | 11,470 | 13,188 | 15,860 | 20,137 | 25,088 | 32,862 | 41,075 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-551 | 508 | 567 | 1,768 | 299 | 1,249 | -289 | 4,101 | -1,126 | 1,810 | 2,030 | -170 | |
-275 | -124 | -151 | -1,022 | -179 | -910 | 243 | -2,744 | 1,564 | -1,653 | -4,634 | 140 | |
497 | -1,004 | -505 | -154 | -325 | -442 | -268 | -1,260 | -468 | -155 | 2,757 | 1 | |
Net Cash Flow | -330 | -620 | -89 | 592 | -205 | -102 | -314 | 97 | -30 | 2 | 153 | -29 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 5 | 6 | 4 | 3 | 5 | 7 | 4 | 5 | 7 | 9 | 7 | 7 |
Inventory Days | 175 | 169 | 196 | 189 | 184 | 175 | 195 | 185 | 226 | 188 | 167 | 205 |
Days Payable | 39 | 81 | 73 | 28 | 25 | 20 | 13 | 16 | 19 | 12 | 9 | 12 |
Cash Conversion Cycle | 142 | 94 | 128 | 164 | 164 | 162 | 186 | 174 | 214 | 184 | 165 | 199 |
Working Capital Days | 28 | 59 | 79 | 47 | 60 | 54 | 70 | 36 | 77 | 59 | 53 | 42 |
ROCE % | 42% | 35% | 27% | 24% | 26% | 27% | 24% | 14% | 22% | 26% | 22% | 17% |
Documents
Announcements
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Intimation of Repayment of Commercial Paper (CP)
40m - ₹225 crore CP (ISIN INE280A14450) issued 16-Jun-2025 fully redeemed 25-Aug-2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
3h - Puneet Chhatwal appointed Additional (Non-Executive, Non-Independent) Director effective 28 Aug 2025; shareholder approval via postal ballot.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Aug - Newspaper publication on IEPFA 100 days campaign "Saksham Niveshak"
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Announcement under Regulation 30 (LODR)-Resignation of Director
20 Aug - P B Balaji resigned as Non-Executive Non-Independent Director effective 20 August 2025.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Aug
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2025Transcript PPT REC
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Revenue Mix (FY25)
1) Jewellery (85%)- It is India’s leading Organised Jewellery Retailer with presence at 1091 Exclusive Brand Outlets across its brands Tanishq, Mia, Zoya, and Caratlane. The company has an 8% market share in the Jewellery market. In Q4 FY25, the company added 7 stores of Tanishq, 12 stores of Mia, and 17 stores of Caratlane. In FY25, the company generated 25% digitally influenced sales. [1] {https://www.bseindia.com/xml-data/corpfiling/AttachHis/c30ed25f-9212-411d-bce8-0ba98361a738.pdf#page=9 #} [2]