Titan Co

₹3320.8 -35.2 | 1%

WEBSITE BSE:500114 NSE : TITAN 26 Dec, 16:01

Market Cap ₹294816 Cr.

Stock P/E 84.3

P/B 19.7

Current Price ₹3320.8

Book Value ₹ 168.6

Face Value 1

52W High ₹3885

Dividend Yield 0.33%

52W Low ₹ 3059

Edit Ratio

Titan Co Research see more...

Overview Inc. Year: 1984Industry: Diamond & Jewellery

Titan Company Limited is an totally India-based organization, that is commonly involved in the production and sale of watches, jewellery, eyewear and other accessories and merchandise. Its segments include Watches and Wearables, Jewellery, Eyewear and Others. The Watches and Wearables segment includes manufacturers, including Titan, Titan Clock, Fastrack, Sonata, Zoop, Octane, Xylys, Helios, Titan Raga, Favre-Leuba, Nebula and SF. The Jewellery section consists of manufacturers, which include Tanishq, Mia, Zoya and CaratLane. The Eyewear segment include Titan EyePlus brand. The Others section includes fragrances, Indian wear and add-ons. Its new commercial enterprise consists of manufacturers, including Skinn and Taneira. The Company's subsidiaries are Titan Engineering & Automation Ltd, Caratlane Trading Pvt Ltd, Favre Leuba AG, Titan Holdings International FZCO, Titan Commodity Trading Ltd and TCL North America Inc., amongst others.

Titan Co Share Price

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Peer Comparison

Titan Co Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Titan Co Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	10916	11903	11084	12897	15621	19070	20010	20602	27210	38270	47114
Other Income	120	71	97	65	86	182	146	181	264	358	512
Total Income	11036	11974	11182	12961	15708	19252	20156	20783	27474	38628	47626
Total Expenditure	9867	10750	10164	11701	13888	17072	17592	18901	23949	33559	42092
Operating Profit	1169	1224	1018	1260	1820	2181	2564	1882	3525	5069	5534
Interest	87	81	42	37	48	44	149	181	195	240	480
Depreciation	66	87	87	93	110	139	310	331	347	364	447
Exceptional Income / Expenses	0	0	0	-96	-92	-70	0	-137	-51	0	0
Profit Before Tax	1016	1056	888	1033	1571	1927	2105	1233	2932	4465	4607
Provision for Tax	275	233	191	272	408	553	588	356	752	1132	1063
Profit After Tax	741	823	698	762	1163	1374	1517	877	2180	3333	3544
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	741	823	698	762	1163	1374	1517	877	2180	3333	3544
Adjusted Earnings Per Share	8.3	9.3	7.9	8.6	13.1	15.5	17	9.9	24.5	37.4	39.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	23%	32%	20%	16%
Operating Profit CAGR	9%	43%	20%	17%
PAT CAGR	6%	59%	21%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-9%	13%	23%	25%
ROE Average	27%	28%	24%	25%
ROCE Average	23%	25%	23%	26%

Titan Co Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2524	3092	3535	4312	5194	6182	6825	7553	9373	11994	14457
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	3139
Other Non-Current Liabilities	62	68	1837	107	56	34	947	1009	1069	1429	1751
Total Current Liabilities	3511	2693	2657	3896	4098	5169	5244	7193	9559	11521	13362
Total Liabilities	6098	5853	8029	8315	9348	11385	13016	15755	20001	24944	32709
Fixed Assets	596	683	654	697	951	1045	2029	1935	1924	2160	2690
Other Non-Current Assets	277	330	2196	928	1120	1254	1453	1319	1698	2098	7326
Total Current Assets	5224	4839	5178	6691	7277	9085	9534	12501	16379	20686	22693
Total Assets	6098	5853	8029	8315	9348	11385	13016	15755	20001	24944	32709

Titan Co Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	1118	788	168	79	672	466	364	50	147	117	119
Cash Flow from Operating Activities	-551	508	567	1768	299	1249	-289	4101	-1126	1810	2030
Cash Flow from Investing Activities	-276	-124	-151	-1020	-180	-911	243	-2744	1564	-1653	-4634
Cash Flow from Financing Activities	497	-1004	-505	-154	-325	-442	-268	-1260	-468	-155	2757
Net Cash Inflow / Outflow	-330	-621	-89	594	-207	-104	-314	97	-30	2	153
Closing Cash & Cash Equivalent	788	168	79	673	466	364	50	147	117	119	272

Titan Co Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	8.35	9.27	7.86	8.58	13.1	15.48	17.04	9.85	24.49	37.45	39.82
CEPS(Rs)	9.09	10.26	8.84	9.63	14.33	17.04	20.53	13.57	28.39	41.54	44.84
DPS(Rs)	2.1	2.3	2.2	2.6	3.75	5	4	4	7.5	10	11
Book NAV/Share(Rs)	28.43	34.83	39.81	48.57	58.5	69.63	76.69	84.87	105.31	134.76	161.92
Core EBITDA Margin(%)	9.57	9.66	8.29	9.19	11.07	10.48	12.08	8.26	11.98	12.31	10.66
EBIT Margin(%)	10.07	9.52	8.38	8.24	10.34	10.34	11.26	6.86	11.49	12.29	10.8
Pre Tax Margin(%)	9.27	8.85	8	7.95	10.03	10.11	10.52	5.98	10.78	11.67	9.78
PAT Margin (%)	6.77	6.9	6.28	5.86	7.43	7.21	7.58	4.26	8.01	8.71	7.52
Cash Profit Margin (%)	7.36	7.63	7.07	6.58	8.13	7.94	9.13	5.86	9.29	9.66	8.47
ROA(%)	12.39	13.78	10.05	9.32	13.17	13.26	12.43	6.1	12.19	14.83	12.29
ROE(%)	33.02	29.31	21.05	19.42	24.47	24.16	23.33	12.2	25.76	31.2	26.84
ROCE(%)	41.62	34.85	27.21	21.79	24.94	25.83	25.87	13.72	23.68	28.49	23.4
Receivable days	5.26	5.19	5.29	3.51	3.59	5.28	5.22	4.47	5.27	6.69	7.15
Inventory Days	125.69	121.01	138.52	129	123.05	119.32	131.88	139.3	139.31	132.28	123.28
Payable days	67.08	58.32	79.88	45.88	24.1	20.34	16.13	13.95	15.46	12.69	9.43
PER(x)	31.44	42.28	43.12	53.76	71.86	73.48	54.77	158.05	103.54	67.16	95.55
Price/Book(x)	9.23	11.26	8.51	9.5	16.09	16.34	12.17	18.35	24.08	18.66	23.5
Dividend Yield(%)	0.8	0.59	0.65	0.56	0.4	0.44	0.43	0.26	0.3	0.4	0.29
EV/Net Sales(x)	2.13	2.91	2.71	3.26	5.41	5.36	4.24	6.9	8.45	5.99	7.4
EV/Core EBITDA(x)	19.87	28.34	29.55	33.37	46.46	46.9	33.1	75.55	65.26	45.24	62.99
Net Sales Growth(%)	7.94	9.05	-6.88	16.35	21.13	22.08	4.93	2.96	32.07	40.65	23.11
EBIT Growth(%)	4.36	3.04	-18.11	15.03	51.17	21.84	14.31	-37.27	121.15	50.46	8.12
PAT Growth(%)	2.2	11.05	-15.25	9.22	52.64	18.19	10.38	-42.19	148.57	52.89	6.33
EPS Growth(%)	2.2	11.05	-15.25	9.22	52.64	18.19	10.11	-42.19	148.58	52.89	6.33
Debt/Equity(x)	0.32	0.03	0.03	0.43	0.31	0.37	0.31	0.54	0.57	0.52	0.75
Current Ratio(x)	1.49	1.8	1.95	1.72	1.78	1.76	1.82	1.74	1.71	1.8	1.7
Quick Ratio(x)	0.39	0.29	0.3	0.48	0.37	0.46	0.34	0.63	0.38	0.5	0.44
Interest Cover(x)	12.66	14.09	22.01	28.83	33.94	44.36	15.13	7.81	16.04	19.6	10.6
Total Debt/Mcap(x)	0.03	0	0	0.05	0.02	0.02	0.03	0.03	0.02	0.03	0.03

Titan Co Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	52.9	52.9	52.9	52.9	52.9	52.9	52.9	52.9	52.9	52.9
FII	16.77	17.04	17.53	17.51	18.53	19.05	18.89	19	18.19	18.21
DII	11.42	11.89	11.31	11.4	10.64	10.05	10.44	10.46	10.88	11.47
Public	18.91	18.17	18.26	18.19	17.94	18.01	17.78	17.64	18.03	17.42
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	46.96	46.96	46.96	46.96	46.96	46.96	46.96	46.96	46.96	46.96
FII	14.89	15.13	15.56	15.55	16.45	16.91	16.77	16.87	16.15	16.17
DII	10.14	10.56	10.04	10.12	9.44	8.92	9.27	9.28	9.66	10.19
Public	16.79	16.13	16.22	16.15	15.92	15.99	15.78	15.66	16.01	15.46
Others	0	0	0	0	0	0	0	0	0	0
Total	88.78	88.78	88.78	88.78	88.78	88.78	88.78	88.78	88.78	88.78

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 28%
Debtor days have improved from 12.69 to 9.43days.

Cons

Stock is trading at 19.7 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.

Titan Co News

IPO

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Titan Co

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Titan Co Research see more...

Overview Inc. Year: 1984Industry: Diamond & Jewellery

Titan Co Share Price

Alert Data

Quarterly Price

Peer Comparison

Titan Co Quarterly Results

Titan Co Profit & Loss

Growth Rates

Titan Co Balance Sheet

Titan Co Cash Flow

Titan Co Ratios

Titan Co Shareholding Pattern

Titan Co News

IPO

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