Titan Company Ltd

Titan Company Ltd

₹ 4,106 0.11%
20 May - close price
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

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]

  • Market Cap 3,64,561 Cr.
  • Current Price 4,106
  • High / Low 4,605 / 3,301
  • Stock P/E 70.8
  • Book Value 177
  • Dividend Yield 0.27 %
  • ROCE 25.8 %
  • ROE 37.7 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.4%
  • Company has been maintaining a healthy dividend payout of 27.9%
  • Company's median sales growth is 22.1% of last 10 years

Cons

  • Stock is trading at 23.2 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
10,360 11,897 12,529 14,164 12,494 13,266 14,534 17,740 14,916 16,523 18,725 25,416 26,920
9,271 10,772 11,118 12,599 11,303 12,019 13,298 16,066 13,379 14,693 16,850 22,703 24,982
Operating Profit 1,089 1,125 1,411 1,565 1,191 1,247 1,236 1,674 1,537 1,830 1,875 2,713 1,938
OPM % 11% 9% 11% 11% 10% 9% 8% 9% 10% 11% 10% 11% 7%
114 114 125 136 159 120 123 128 116 105 113 -1 235
Interest 96 109 140 169 201 230 240 231 252 271 277 282 350
Depreciation 119 128 144 154 158 164 171 175 183 184 189 207 246
Profit before tax 988 1,002 1,252 1,378 991 973 948 1,396 1,218 1,480 1,522 2,223 1,577
Tax % 26% 25% 27% 24% 22% 27% 26% 25% 28% 26% 26% 24% 25%
736 756 916 1,053 771 715 704 1,047 871 1,091 1,120 1,684 1,179
EPS in Rs 8.22 8.48 10.31 11.86 8.68 8.05 7.93 11.79 9.81 12.29 12.62 18.97 13.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
11,913 11,276 13,261 16,120 19,779 21,052 21,644 28,799 40,575 51,084 60,456 87,584
10,761 10,337 12,097 14,476 17,785 18,589 19,919 25,455 35,693 45,792 54,762 79,229
Operating Profit 1,153 939 1,164 1,644 1,994 2,463 1,725 3,344 4,882 5,292 5,694 8,355
OPM % 10% 8% 9% 10% 10% 12% 8% 12% 12% 10% 9% 10%
67 69 -42 70 178 153 180 177 306 534 487 452
Interest 81 42 38 53 53 166 203 218 300 619 953 1,180
Depreciation 90 98 111 131 163 348 375 399 441 584 693 826
Profit before tax 1,049 868 973 1,530 1,957 2,102 1,327 2,904 4,447 4,623 4,535 6,801
Tax % 22% 22% 28% 28% 29% 29% 27% 24% 26% 24% 26% 25%
816 675 697 1,102 1,389 1,493 974 2,198 3,274 3,496 3,337 5,073
EPS in Rs 9.19 7.60 8.01 12.73 15.82 16.91 10.96 24.48 36.61 39.38 37.59 57.14
Dividend Payout % 25% 29% 32% 29% 32% 24% 37% 31% 27% 28% 29% 26%
Compounded Sales Growth
10 Years: 23%
5 Years: 32%
3 Years: 29%
TTM: 45%
Compounded Profit Growth
10 Years: 22%
5 Years: 40%
3 Years: 17%
TTM: 54%
Stock Price CAGR
10 Years: 27%
5 Years: 22%
3 Years: 15%
1 Year: 15%
Return on Equity
10 Years: 29%
5 Years: 32%
3 Years: 34%
Last Year: 38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,995 3,418 4,144 5,001 5,981 6,580 7,408 9,214 11,762 9,304 11,535 15,614
100 113 1,882 1,691 2,393 3,562 5,638 7,275 9,367 15,528 20,777 14,551
2,684 2,723 2,293 2,740 3,247 3,313 3,309 4,610 5,802 6,626 8,244 30,307
Total Liabilities 5,868 6,342 8,408 9,521 11,710 13,544 16,444 21,188 27,020 31,547 40,645 60,561
699 771 1,189 1,474 1,567 2,633 2,523 2,544 2,998 3,709 4,062 6,906
CWIP 55 107 152 43 32 18 32 85 144 97 105 135
Investments 3 30 431 36 108 158 2,824 294 2,515 2,345 1,988 3,506
5,111 5,434 6,636 7,968 10,003 10,735 11,065 18,265 21,363 25,396 34,490 50,014
Total Assets 5,868 6,342 8,408 9,521 11,710 13,544 16,444 21,188 27,020 31,547 40,645 60,561

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
503 576 1,712 -51 1,243 -348 4,139 -724 1,370 1,695 -541 5,590
-118 -159 -953 98 -797 235 -2,799 1,165 -1,814 -189 546 -2,934
-1,005 -505 -166 -252 -489 -242 -1,234 -403 457 -1,329 -7 -2,159
Net Cash Flow -620 -88 594 -206 -43 -355 106 38 13 177 -2 497
Free Cash Flow 296 324 1,461 -350 980 -693 4,000 -940 950 1,024 -1,011 4,713
CFO/OP 65% 83% 171% 25% 94% 8% 256% 2% 52% 54% 10% 88%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 6 6 7 8 5 6 7 6 7 6 4
Inventory Days 169 198 189 185 178 195 187 230 199 176 217 222
Days Payable 81 74 30 27 23 14 18 22 15 13 15 15
Cash Conversion Cycle 94 131 165 164 163 186 176 215 191 171 208 211
Working Capital Days 59 74 42 60 55 69 36 68 51 42 35 38
ROCE % 35% 27% 23% 25% 26% 24% 13% 21% 25% 23% 19% 26%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Store Count
Number

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Total Retail Area
sq. ft.
Jewellery Store Count (incl. CaratLane)
Number
Watches Store Count
Number
Town Presence
Number
Jewellery Market Share (Organised)
%
Jewellery Studded Share
%
Watches Sales Growth (Analog)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90%
18.53% 19.05% 18.89% 19.01% 18.21% 18.23% 18.11% 17.82% 17.54% 16.11% 15.55% 15.65%
10.46% 9.87% 10.25% 10.29% 10.68% 11.28% 11.37% 12.01% 12.59% 13.99% 14.83% 14.84%
0.17% 0.17% 0.17% 0.17% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19%
17.93% 18.00% 17.77% 17.57% 17.94% 17.33% 17.35% 17.01% 16.69% 16.76% 16.45% 16.34%
0.00% 0.00% 0.00% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
No. of Shareholders 6,75,1936,99,6597,10,6467,49,3198,80,5878,24,6618,75,9018,55,1267,92,1317,95,4667,49,3737,35,599

* 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.

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