Titan Company Ltd

Titan Company Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Titan Company Ltd

₹ 3,564 1.10%
19 Apr 3:31 p.m.
titancompany.in BSE: 500114 NSE : TITAN
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]

Website BSE NSE
  • Market Cap ₹ 3,16,389 Cr.
  • Current Price ₹ 3,564
  • High / Low ₹ 3,887 / 2,559
  • Stock P/E 90.6
  • Book Value ₹ 142
  • Dividend Yield 0.28 %
  • ROCE 26.3 %
  • ROE 31.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 22.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 32.6%

Cons

  • Stock is trading at 25.2 times its book value
  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7,287 7,135 3,249 7,170 9,515 7,276 8,961 8,730 10,875 9,704 11,145 11,660 13,052
6,429 6,340 3,105 6,216 8,116 6,494 7,797 7,496 9,545 8,660 10,042 10,305 11,595
Operating Profit 858 795 144 954 1,399 782 1,164 1,234 1,330 1,044 1,103 1,355 1,457
OPM % 12% 11% 4% 13% 15% 11% 13% 14% 12% 11% 10% 12% 11%
-100 34 65 50 55 25 44 60 91 104 99 122 139
Interest 46 45 44 45 52 54 55 50 61 74 79 106 133
Depreciation 84 82 83 91 85 88 87 89 93 95 99 110 118
Profit before tax 628 702 82 868 1,317 665 1,066 1,155 1,267 979 1,024 1,261 1,345
Tax % 33% 25% 26% 26% 25% 26% 26% 26% 25% 25% 24% 25% 23%
419 529 61 641 987 491 793 857 951 734 777 940 1,040
EPS in Rs 4.72 5.96 0.69 7.22 11.12 5.53 8.93 9.65 10.71 8.27 8.75 10.59 11.71
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8,838 10,113 10,916 11,903 11,084 12,897 15,621 19,070 20,010 20,602 27,210 38,270 45,561
8,003 9,100 9,864 10,746 10,135 11,693 13,886 17,064 17,592 18,896 23,928 33,497 40,602
Operating Profit 835 1,012 1,051 1,158 949 1,204 1,736 2,006 2,418 1,706 3,282 4,773 4,959
OPM % 9% 10% 10% 10% 9% 9% 11% 11% 12% 8% 12% 12% 11%
92 99 117 66 69 -40 -7 104 146 39 192 296 464
Interest 44 51 87 81 42 37 48 44 149 181 195 240 392
Depreciation 45 54 66 87 87 93 110 139 310 331 347 364 422
Profit before tax 838 1,006 1,016 1,056 888 1,033 1,571 1,927 2,105 1,233 2,932 4,465 4,609
Tax % 28% 28% 27% 22% 21% 26% 26% 29% 28% 29% 26% 25%
600 725 741 823 698 762 1,163 1,374 1,517 877 2,180 3,333 3,491
EPS in Rs 6.76 8.17 8.35 9.27 7.86 8.58 13.10 15.48 17.09 9.88 24.56 37.54 39.32
Dividend Payout % 26% 26% 25% 25% 28% 30% 29% 32% 23% 41% 31% 27%
Compounded Sales Growth
10 Years: 14%
5 Years: 20%
3 Years: 24%
TTM: 27%
Compounded Profit Growth
10 Years: 16%
5 Years: 22%
3 Years: 30%
TTM: 12%
Stock Price CAGR
10 Years: 30%
5 Years: 26%
3 Years: 32%
1 Year: 37%
Return on Equity
10 Years: 25%
5 Years: 25%
3 Years: 25%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 89 89 89 89 89 89 89 89 89 89 89 89 89
Reserves 1,361 1,876 2,435 3,003 3,446 4,223 5,105 6,093 6,736 7,464 9,284 11,905 12,515
6 0 806 100 113 1,867 1,604 2,288 3,269 5,243 6,605 7,862 12,150
3,238 3,911 2,777 2,680 2,661 2,138 2,599 3,000 3,094 3,064 4,159 5,232 5,581
Total Liabilities 4,694 5,876 6,107 5,872 6,308 8,318 9,396 11,470 13,188 15,860 20,137 25,088 30,335
369 449 596 683 654 707 974 1,069 2,053 1,959 1,925 2,161 2,465
CWIP 25 42 33 55 77 148 41 26 14 25 71 127 108
Investments 16 19 27 33 90 886 734 876 983 3,512 884 3,259 5,429
4,284 5,367 5,451 5,101 5,487 6,576 7,648 9,499 10,138 10,364 17,257 19,541 22,333
Total Assets 4,694 5,876 6,107 5,872 6,308 8,318 9,396 11,470 13,188 15,860 20,137 25,088 30,335

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
160 553 -551 508 567 1,768 299 1,249 -289 4,101 -1,126 1,810
-62 -142 -275 -124 -151 -1,022 -179 -910 243 -2,744 1,564 -1,653
-234 -236 497 -1,004 -505 -154 -325 -442 -268 -1,260 -468 -155
Net Cash Flow -136 175 -330 -620 -89 592 -205 -102 -314 97 -30 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 7 6 5 6 4 3 5 7 4 5 7 9
Inventory Days 161 179 175 169 196 189 184 175 195 185 226 188
Days Payable 105 102 39 81 73 28 25 20 13 16 19 12
Cash Conversion Cycle 62 83 142 94 128 164 164 162 186 174 214 184
Working Capital Days 0 7 55 62 83 99 97 98 112 112 152 121
ROCE % 69% 62% 42% 35% 27% 24% 26% 27% 24% 14% 22% 26%

Shareholding Pattern

Numbers in percentages

4 Recently
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.

Documents

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