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 ₹ 4,37,554 Cr.
- Current Price ₹ 4,928
- High / Low ₹ 5,187 / 3,303
- Stock P/E 81.6
- Book Value ₹ 231
- Dividend Yield 0.30 %
- ROCE 18.7 %
- ROE 25.2 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%
- Company has been maintaining a healthy dividend payout of 28.6%
- Company's median sales growth is 21.6% of last 10 years
Cons
- Stock is trading at 21.4 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,903 | 11,084 | 12,897 | 15,621 | 19,070 | 20,010 | 20,602 | 27,210 | 38,270 | 47,114 | 54,842 | 77,554 | 81,091 | |
| 10,746 | 10,135 | 11,693 | 13,886 | 17,064 | 17,592 | 18,896 | 23,928 | 33,497 | 42,090 | 49,550 | 70,249 | 72,856 | |
| Operating Profit | 1,158 | 949 | 1,204 | 1,736 | 2,006 | 2,418 | 1,706 | 3,282 | 4,773 | 5,024 | 5,292 | 7,305 | 8,235 |
| OPM % | 10% | 9% | 9% | 11% | 11% | 12% | 8% | 12% | 12% | 11% | 10% | 9% | 10% |
| 66 | 69 | -40 | -7 | 104 | 146 | 39 | 192 | 296 | 510 | 493 | 444 | 480 | |
| Interest | 81 | 42 | 37 | 48 | 44 | 149 | 181 | 195 | 240 | 480 | 767 | 955 | 1,006 |
| Depreciation | 87 | 87 | 93 | 110 | 139 | 310 | 331 | 347 | 364 | 447 | 537 | 596 | 610 |
| Profit before tax | 1,056 | 888 | 1,033 | 1,571 | 1,927 | 2,105 | 1,233 | 2,932 | 4,465 | 4,607 | 4,481 | 6,198 | 7,099 |
| Tax % | 22% | 21% | 26% | 26% | 29% | 28% | 29% | 26% | 25% | 23% | 26% | 25% | |
| 823 | 698 | 762 | 1,163 | 1,374 | 1,517 | 877 | 2,180 | 3,333 | 3,544 | 3,335 | 4,630 | 5,299 | |
| EPS in Rs | 9.27 | 7.86 | 8.58 | 13.10 | 15.48 | 17.09 | 9.88 | 24.56 | 37.54 | 39.92 | 37.57 | 52.15 | 59.69 |
| Dividend Payout % | 25% | 28% | 30% | 29% | 32% | 23% | 41% | 31% | 27% | 28% | 29% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 30% |
| 3 Years: | 27% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 37% |
| 3 Years: | 12% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 19% |
| 3 Years: | 15% |
| 1 Year: | 43% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 26% |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| Reserves | 3,003 | 3,446 | 4,223 | 5,105 | 6,093 | 6,736 | 7,464 | 9,284 | 11,905 | 14,368 | 16,722 | 20,398 |
| 100 | 113 | 1,867 | 1,604 | 2,288 | 3,269 | 5,243 | 6,605 | 7,862 | 12,661 | 17,171 | 23,009 | |
| 2,680 | 2,661 | 2,138 | 2,599 | 3,000 | 3,094 | 3,064 | 4,159 | 5,232 | 5,744 | 7,093 | 10,121 | |
| Total Liabilities | 5,872 | 6,308 | 8,318 | 9,396 | 11,470 | 13,188 | 15,860 | 20,137 | 25,088 | 32,862 | 41,075 | 53,617 |
| 683 | 654 | 707 | 974 | 1,069 | 2,053 | 1,959 | 1,925 | 2,161 | 2,691 | 3,019 | 3,349 | |
| CWIP | 55 | 77 | 148 | 41 | 26 | 14 | 25 | 71 | 127 | 87 | 94 | 89 |
| Investments | 33 | 90 | 886 | 734 | 876 | 983 | 3,512 | 884 | 3,259 | 7,813 | 7,723 | 9,032 |
| 5,101 | 5,487 | 6,576 | 7,648 | 9,499 | 10,138 | 10,364 | 17,257 | 19,541 | 22,271 | 30,239 | 41,147 | |
| Total Assets | 5,872 | 6,308 | 8,318 | 9,396 | 11,470 | 13,188 | 15,860 | 20,137 | 25,088 | 32,862 | 41,075 | 53,617 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 508 | 567 | 1,768 | 299 | 1,249 | -289 | 4,101 | -1,126 | 1,810 | 2,030 | -170 | 4,865 | |
| -124 | -151 | -1,022 | -179 | -910 | 243 | -2,744 | 1,564 | -1,653 | -4,634 | 140 | -1,040 | |
| -1,004 | -505 | -154 | -325 | -442 | -268 | -1,260 | -468 | -155 | 2,757 | 1 | -3,912 | |
| Net Cash Flow | -620 | -89 | 592 | -205 | -102 | -314 | 97 | -30 | 2 | 153 | -29 | -87 |
| Free Cash Flow | 301 | 353 | 1,569 | 38 | 1,024 | -591 | 3,997 | -1,293 | 1,532 | 1,510 | -540 | 4,397 |
| CFO/OP | 65% | 81% | 170% | 43% | 93% | 10% | 256% | -10% | 62% | 63% | 16% | 88% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 4 | 3 | 5 | 7 | 4 | 5 | 7 | 9 | 7 | 7 | 4 |
| Inventory Days | 169 | 196 | 189 | 184 | 175 | 195 | 185 | 226 | 188 | 167 | 205 | 201 |
| Days Payable | 81 | 73 | 28 | 25 | 20 | 13 | 16 | 19 | 12 | 9 | 12 | 11 |
| Cash Conversion Cycle | 94 | 128 | 164 | 164 | 162 | 186 | 174 | 214 | 184 | 165 | 199 | 195 |
| Working Capital Days | 59 | 79 | 47 | 60 | 54 | 70 | 36 | 77 | 59 | 53 | 42 | 39 |
| ROCE % | 35% | 27% | 24% | 26% | 27% | 24% | 14% | 22% | 26% | 22% | 17% | 19% |
Insights
In beta| Mar 2025 | Mar 2026 | |
|---|---|---|
| Encircle Members (Loyalty Program) million |
|
|
| Jewellery Market Share (India) % |
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| Total Stores (Consolidated) count |
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| Town Presence (Consolidated) count |
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| Watches Analog Market Share (India) % |
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| CaratLane Stores (Domestic) count |
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| EyeCare Stores (Domestic) count |
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| Tanishq, Mia, Zoya, beYon Stores (Domestic) count |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
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Grant Of Performance Stock Units
- Titan granted 7,35,550 PSUs to 168 employees under Scheme 2026, vesting on 15 May 2029.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
- Members approved director appointments and 2026 performance-based stock unit scheme on 17 September 2026.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Schedule of Analysts / Institutional Investors Meeting
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT
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Jun 2026Transcript PPT
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May 2026PPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript REC
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Aug 2024PPT REC
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Jun 2024PPT
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May 2024Transcript PPT
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May 2024PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Aug 2023PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript
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Oct 2020Transcript PPT
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Jun 2020Transcript PPT
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Jun 2020PPT
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Jun 2020PPT
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Feb 2020Transcript
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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
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May 2018Transcript PPT
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Nov 2016Transcript
Part of the Tata Group[1] [2]
The company benefits from its association with the Tata Group, one of India’s most established and diversified business conglomerates. As of FY26, the Tata Group held a 25% stake in the company, including a 21% shareholding through Tata Sons Pvt Ltd., while Tamil Nadu Industrial Development Corporation Limited (TIDCO) held 28%.