Titan Company Ltd

Titan Company Ltd

₹ 3,390 -0.64%
25 Jun 11:09 a.m.
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]

  • Market Cap 3,00,999 Cr.
  • Current Price 3,390
  • High / Low 3,887 / 2,882
  • Stock P/E 85.0
  • Book Value 163
  • Dividend Yield 0.32 %
  • ROCE 21.7 %
  • ROE 26.8 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 20.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.1%
  • Company has been maintaining a healthy dividend payout of 28.3%

Cons

  • Stock is trading at 20.8 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
7,135 3,249 7,170 9,515 7,276 8,961 8,730 10,875 9,704 11,145 11,660 13,052 11,257
6,340 3,105 6,216 8,116 6,494 7,797 7,496 9,545 8,660 10,042 10,305 11,595 10,148
Operating Profit 795 144 954 1,399 782 1,164 1,234 1,330 1,044 1,103 1,355 1,457 1,109
OPM % 11% 4% 13% 15% 11% 13% 14% 12% 11% 10% 12% 11% 10%
34 65 50 55 25 44 60 91 104 99 122 139 150
Interest 45 44 45 52 54 55 50 61 74 79 106 133 162
Depreciation 82 83 91 85 88 87 89 93 95 99 110 118 120
Profit before tax 702 82 868 1,317 665 1,066 1,155 1,267 979 1,024 1,261 1,345 977
Tax % 25% 26% 26% 25% 26% 26% 26% 25% 25% 24% 25% 23% 20%
529 61 641 987 491 793 857 951 734 777 940 1,040 786
EPS in Rs 5.96 0.69 7.22 11.12 5.53 8.93 9.65 10.71 8.27 8.75 10.59 11.71 8.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10,113 10,916 11,903 11,084 12,897 15,621 19,070 20,010 20,602 27,210 38,270 47,114
9,100 9,864 10,746 10,135 11,693 13,886 17,064 17,592 18,896 23,928 33,497 42,090
Operating Profit 1,012 1,051 1,158 949 1,204 1,736 2,006 2,418 1,706 3,282 4,773 5,024
OPM % 10% 10% 10% 9% 9% 11% 11% 12% 8% 12% 12% 11%
99 117 66 69 -40 -7 104 146 39 192 296 510
Interest 51 87 81 42 37 48 44 149 181 195 240 480
Depreciation 54 66 87 87 93 110 139 310 331 347 364 447
Profit before tax 1,006 1,016 1,056 888 1,033 1,571 1,927 2,105 1,233 2,932 4,465 4,607
Tax % 28% 27% 22% 21% 26% 26% 29% 28% 29% 26% 25% 23%
725 741 823 698 762 1,163 1,374 1,517 877 2,180 3,333 3,544
EPS in Rs 8.17 8.35 9.27 7.86 8.58 13.10 15.48 17.09 9.88 24.56 37.54 39.92
Dividend Payout % 26% 25% 25% 28% 30% 29% 32% 23% 41% 31% 27% 28%
Compounded Sales Growth
10 Years: 16%
5 Years: 20%
3 Years: 32%
TTM: 23%
Compounded Profit Growth
10 Years: 17%
5 Years: 20%
3 Years: 54%
TTM: 6%
Stock Price CAGR
10 Years: 25%
5 Years: 21%
3 Years: 25%
1 Year: 15%
Return on Equity
10 Years: 25%
5 Years: 25%
3 Years: 28%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 89 89 89 89 89 89 89 89 89 89 89 89
Reserves 1,876 2,435 3,003 3,446 4,223 5,105 6,093 6,736 7,464 9,284 11,905 14,368
0 806 100 113 1,867 1,604 2,288 3,269 5,243 6,605 7,862 12,661
3,911 2,777 2,680 2,661 2,138 2,599 3,000 3,094 3,064 4,159 5,232 5,744
Total Liabilities 5,876 6,107 5,872 6,308 8,318 9,396 11,470 13,188 15,860 20,137 25,088 32,862
449 596 683 654 707 974 1,069 2,053 1,959 1,925 2,161 2,691
CWIP 42 33 55 77 148 41 26 14 25 71 127 87
Investments 19 27 33 90 886 734 876 983 3,512 884 3,259 7,813
5,367 5,451 5,101 5,487 6,576 7,648 9,499 10,138 10,364 17,257 19,541 22,271
Total Assets 5,876 6,107 5,872 6,308 8,318 9,396 11,470 13,188 15,860 20,137 25,088 32,862

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
553 -551 508 567 1,768 299 1,249 -289 4,101 -1,126 1,810 2,030
-142 -275 -124 -151 -1,022 -179 -910 243 -2,744 1,564 -1,653 -4,634
-236 497 -1,004 -505 -154 -325 -442 -268 -1,260 -468 -155 2,757
Net Cash Flow 175 -330 -620 -89 592 -205 -102 -314 97 -30 2 153

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 6 5 6 4 3 5 7 4 5 7 9 7
Inventory Days 179 175 169 196 189 184 175 195 185 226 188 167
Days Payable 102 39 81 73 28 25 20 13 16 19 12 9
Cash Conversion Cycle 83 142 94 128 164 164 162 186 174 214 184 165
Working Capital Days 7 55 62 83 99 97 98 112 112 152 121 114
ROCE % 62% 42% 35% 27% 24% 26% 27% 24% 14% 22% 26% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90%
18.41% 19.06% 18.56% 18.40% 16.77% 17.04% 17.53% 17.51% 18.53% 19.05% 18.89% 19.01%
9.87% 10.10% 10.29% 10.21% 11.26% 11.71% 11.14% 11.23% 10.46% 9.87% 10.25% 10.29%
0.21% 0.16% 0.16% 0.16% 0.16% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
18.61% 17.78% 18.09% 18.33% 18.91% 18.17% 18.26% 18.19% 17.93% 18.00% 17.77% 17.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08%
No. of Shareholders 3,64,7293,91,3345,01,6145,78,2526,87,8106,66,3736,88,3777,19,1676,75,1936,99,6597,10,6467,49,319

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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