Titan Company Ltd

About

Titan Company is primarily involved in manufacturing and sale of Watches, Jewellery, Eyewear and other accessories and products.(Source : 201803 Annual Report Page No:127)

  • Market Cap 109,358 Cr.
  • Current Price 1,232
  • High / Low 1,347 / 720
  • Stock P/E 131
  • Book Value 75.1
  • Dividend Yield 0.32 %
  • ROCE 24.3 %
  • ROE 23.4 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 28.24%

Cons

  • Stock is trading at 16.40 times its book value
  • Company might be capitalizing the interest cost
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
3,582 4,363 4,107 4,451 4,567 5,871 4,889 5,151 4,662 6,527 4,712 1,979
3,160 3,941 3,674 3,969 4,100 5,280 4,440 4,579 4,142 5,769 4,099 2,236
Operating Profit 422 422 434 482 467 591 448 572 520 758 612 -257
OPM % 12% 10% 11% 11% 10% 10% 9% 11% 11% 12% 13% -13%
Other Income 20 21 13 36 28 63 56 57 32 23 42 41
Interest 15 11 17 11 13 16 12 34 45 45 43 52
Depreciation 31 35 36 41 43 38 41 76 82 88 102 93
Profit before tax 397 398 394 467 439 600 452 520 424 648 509 -361
Tax % 30% 29% 23% 30% 31% 31% 23% 30% 27% 27% 33% 18%
Net Profit 284 288 315 328 306 413 354 364 314 475 346 -291
EPS in Rs 3.20 3.24 3.55 3.70 3.45 4.65 3.98 4.10 3.54 5.35 3.90 -3.28
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,905 4,773 6,533 8,848 10,123 10,927 11,913 11,276 13,261 16,120 19,779 21,052 17,879
3,612 4,374 5,915 8,011 9,109 9,880 10,761 10,337 12,097 14,476 17,785 18,589 16,246
Operating Profit 293 399 618 838 1,014 1,047 1,152 939 1,164 1,644 1,994 2,463 1,633
OPM % 8% 8% 9% 9% 10% 10% 10% 8% 9% 10% 10% 12% 9%
Other Income 16 10 55 92 99 117 67 69 -42 70 178 153 137
Interest 29 25 35 44 51 87 81 42 38 53 53 166 184
Depreciation 42 61 35 46 56 68 90 98 111 131 163 348 365
Profit before tax 238 323 603 840 1,006 1,010 1,049 868 973 1,530 1,957 2,102 1,221
Tax % 31% 22% 28% 28% 28% 27% 22% 22% 28% 28% 29% 29%
Net Profit 164 251 433 601 725 735 816 675 711 1,130 1,404 1,501 844
EPS in Rs 1.85 2.83 4.88 6.77 8.17 8.28 9.19 7.60 8.01 12.73 15.82 16.91 9.51
Dividend Payout % 27% 26% 13% 26% 26% 25% 25% 29% 32% 29% 32% 24%
Compounded Sales Growth
10 Years:16%
5 Years:12%
3 Years:17%
TTM:-13%
Compounded Profit Growth
10 Years:19%
5 Years:13%
3 Years:24%
TTM:-42%
Stock Price CAGR
10 Years:21%
5 Years:29%
3 Years:28%
1 Year:-8%
Return on Equity
10 Years:27%
5 Years:23%
3 Years:24%
Last Year:23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
44 44 44 89 89 89 89 89 89 89 89 89
Reserves 513 688 991 1,372 1,881 2,434 2,995 3,418 4,144 5,001 5,981 6,580
Borrowings 167 73 68 6 0 807 100 113 1,882 1,691 2,393 3,561
1,059 1,300 2,655 3,243 3,914 2,781 2,684 2,723 2,293 2,740 3,247 3,314
Total Liabilities 1,783 2,105 3,758 4,710 5,884 6,111 5,868 6,342 8,408 9,521 11,710 13,544
280 268 288 384 464 614 699 771 1,189 1,474 1,567 2,633
CWIP 20 12 17 25 42 33 55 107 152 43 32 18
Investments 2 2 3 2 3 3 3 30 431 36 108 158
1,482 1,823 3,451 4,299 5,375 5,461 5,111 5,434 6,636 7,968 10,003 10,734
Total Assets 1,783 2,105 3,758 4,710 5,884 6,111 5,868 6,342 8,408 9,521 11,710 13,544

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
165 342 1,053 163 553 -555 503 576 1,712 -51 1,243 -347
-58 -32 -25 -70 -142 -271 -118 -159 -953 98 -797 235
-106 -169 -117 -235 -236 497 -1,005 -505 -166 -252 -489 -242
Net Cash Flow 1 141 912 -142 176 -329 -620 -88 594 -206 -43 -354

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 40% 46% 67% 69% 62% 42% 35% 27% 23% 25% 26% 24%
Debtor Days 10 7 7 7 6 5 6 6 6 7 8 5
Inventory Turnover 2.42 2.67 2.82 2.69 2.29 2.14 2.22 1.94 2.04 2.16 2.23 2.01

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
52.91 52.91 52.91 52.91 52.91 52.91 52.91 52.91 52.91 52.91 52.91 52.90
21.25 20.72 20.53 19.50 18.46 19.24 19.64 18.77 18.31 17.74 17.55 18.05
5.68 6.11 6.45 7.59 8.16 7.21 6.69 8.66 9.10 10.87 10.81 10.97
0.18 0.17 0.17 0.18 0.19 0.17 0.17 0.17 0.18 0.23 0.36 0.35
19.98 20.10 19.95 19.82 20.29 20.47 20.60 19.50 19.50 18.26 18.38 17.73

Documents