Titan Company Ltd logo

Titan Company Ltd

TITAN NSE

Key Fundamentals

LargecapJewellery & WatchesConsumer Goods
Market Cap
4.4L Cr
Volatility
High Risk
P/E Ratio
76.14
EBITDA
₹8,907 Cr
Return on Equity
32.31%
Debt to Equity
1.95
Book Value
₹176.88
EPS
₹38.91
52W High
₹5,005
52W Low
₹3,303.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY14–FY26.

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Technical Indicators

Key Insights

Strengths

4
  • 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

Weaknesses

2
  • Stock is trading at 27.9 times its book value
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
44.62% ↗
Net Income Growth
52.02% ↗
Cash Flow Change
1133.27% ↗
ROE
12.54% ↗
ROCE
4.01% ↗
EBITDA Margin (Avg.)
-0.30% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 16h ago
AI opinion · based on fundamentals
Risk high

Titan Company Ltd is a ₹4.43 lakh crore consumer goods conglomerate that delivered 22% revenue growth in FY25, surpassing ₹50,000 crore in annual revenues, with a trailing twelve-month sales growth of 45% and profit growth of 57%. However, the stock trades at a P/E of 87.2x and 28.2x book value, reflecting significant premium valuations relative to underlying earnings.

Bull Case 8
  • TTM sales growth of 45% demonstrates strong topline momentum, with FY25 consolidated income reaching ₹57,818 crores (22% YoY growth)
  • TTM profit growth of 57% significantly outpaces revenue growth, indicating margin expansion and operating leverage
  • Consistent ROE of 38% in the last year and 34% three-year average reflects superior capital efficiency versus consumer sector peers
  • 10-year median sales CAGR of 23% shows a sustained, long-duration growth runway across market cycles
  • 5-year compounded profit CAGR of 40% demonstrates ability to scale profitability well ahead of revenue growth
  • Stock has delivered 28% CAGR over 10 years, compounding wealth meaningfully for long-term holders
  • Healthy dividend payout ratio of 27.9% maintained consistently alongside reinvestment for growth
  • Q4 FY25 total income grew 25% YoY to ₹11,232 crores with EBIT growth of 23%, showing continued quarterly momentum
Bear Case 8
  • P/E ratio of 87.2x is extremely elevated, pricing in many years of flawless execution with little margin of safety
  • Price-to-book of 28.2x is among the highest in Indian consumer space, leaving stock vulnerable to de-rating on any earnings miss
  • Dividend yield of just 0.3% provides negligible income cushion and implies nearly all returns must come from capital appreciation
  • Company may be capitalizing interest costs, which could overstate reported profitability and asset values
  • Gold price volatility directly impacts jewellery segment revenues and margins, creating earnings unpredictability beyond management control
  • At 87x earnings, even a modest deceleration from 45% TTM growth to 20-22% normalized growth could trigger significant multiple compression
  • Discretionary consumption slowdown in India could disproportionately impact premium watches, eyewear, and studded jewellery segments
  • 1-year stock CAGR of 45% has run well ahead of long-term profit CAGR of 22% over 10 years, suggesting potential mean reversion risk

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • ₹426.67L income tax penalty Jul 14

    Titan received penalty orders totaling ₹426.67 Lakhs from the Income Tax Department for AY 2017-18 and 2019-20. The company plans to appeal and states no material impact.

Positives 2
  • Q1FY27 profit surges 63% YoY Aug 7

    Consolidated net profit surged 63% to ₹1,777 crore with revenue rising 40% to ₹20,753 crore. EBITDA margin expanded to 14.06% from 11.21%, beating estimates of ₹12.67B profit.

  • ₹15 dividend, Noel Tata reappointed Jul 27

    Titan's 42nd AGM approved a ₹15 per share dividend and re-appointed Noel N. Tata as director on July 27, 2026.

Neutral 3
  • Institutional block trades on NSE Aug 5

    Titan recorded block trades of ₹44.06 crore at ₹4,908/share on Aug 5 and ₹46.63 crore at ₹4,704.20/share on Jul 22, reflecting notable institutional activity.

  • TIDCO nominees added to board Jul 30

    Dr. D Karthikeyan and Mr. K Vivekanandan appointed as Additional Directors effective August 5, 2026, serving as TIDCO nominees in non-executive roles.

  • Q1 FY27 earnings call scheduled Jul 14

    Titan announced Q1 FY27 results on Aug 7, 2026, followed by an earnings call at 6:00 PM IST.

TL;DR: Titan delivered a standout Q1FY27 with 63% profit growth driven by jewellery strength and margin expansion, comfortably beating street estimates. The only headwind is a minor ₹426.67L tax penalty which the company considers immaterial. Institutional block trades and a healthy ₹15 dividend signal continued confidence. The trend is clearly improving with strong operational momentum heading into festive season FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
11,897
12,529
14,164
12,494
13,266
14,534
17,740
14,916
16,523
18,725
25,416
26,920
21,356
Expenses
10,772
11,118
12,599
11,303
12,019
13,298
16,066
13,379
14,693
16,850
22,703
24,982
18,466
Operating Profit
1,125
1,411
1,565
1,191
1,247
1,236
1,674
1,537
1,830
1,875
2,713
1,938
2,890
OPM %
9%
11%
11%
10%
9%
8%
9%
10%
11%
10%
11%
7%
14%
Other Income
114
125
136
159
120
123
128
116
105
113
-1
235
148
Interest
109
140
169
201
230
240
231
252
271
277
282
350
353
Depreciation
128
144
154
158
164
171
175
183
184
189
207
246
256
PBT
1,002
1,252
1,378
991
973
948
1,396
1,218
1,480
1,522
2,223
1,577
2,429
Tax %
25%
27%
24%
22%
27%
26%
25%
28%
26%
26%
24%
25%
27%
Net Profit
756
916
1,053
771
715
704
1,047
871
1,091
1,120
1,684
1,179
1,777
EPS in Rs
8.48
10.31
11.86
8.68
8.05
7.93
11.79
9.81
12.29
12.62
18.97
13.28
20.02
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
11,913
11,276
13,261
16,120
19,779
21,052
21,644
28,799
40,575
51,084
60,456
87,584
92,417
Expenses
10,761
10,337
12,097
14,476
17,785
18,589
19,919
25,455
35,693
45,792
54,762
79,227
83,001
Operating Profit
1,153
939
1,164
1,644
1,994
2,463
1,725
3,344
4,882
5,292
5,694
8,357
9,416
OPM %
10%
8%
9%
10%
10%
12%
8%
12%
12%
10%
9%
10%
10%
Other Income
67
69
-42
70
178
153
180
177
306
534
487
450
495
Interest
81
42
38
53
53
166
203
218
300
619
953
1,180
1,262
Depreciation
90
98
111
131
163
348
375
399
441
584
693
826
898
PBT
1,049
868
973
1,530
1,957
2,102
1,327
2,904
4,447
4,623
4,535
6,801
7,751
Tax %
22%
22%
28%
28%
29%
29%
27%
24%
26%
24%
26%
25%
—
Net Profit
816
675
697
1,102
1,389
1,493
974
2,198
3,274
3,496
3,337
5,073
5,760
EPS in Rs
9.19
7.6
8.01
12.73
15.82
16.91
10.96
24.48
36.61
39.38
37.59
57.14
64.89
Div. Payout %
25%
29%
32%
29%
32%
24%
37%
31%
27%
28%
29%
26%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
100
113
1,882
1,691
2,393
3,562
5,638
7,275
9,367
15,528
20,777
30,621
Other Liabilities
2,684
2,723
2,293
2,740
3,247
3,313
3,309
4,610
5,802
6,626
8,244
14,237
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
Fixed Assets
699
771
1,189
1,474
1,567
2,633
2,523
2,544
2,998
3,709
4,062
6,878
CWIP
55
107
152
43
32
18
32
85
144
97
105
163
Investments
3
30
431
36
108
158
2,824
294
2,515
2,345
1,988
3,506
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
503
576
1,712
-51
1,243
-348
4,139
-724
1,370
1,695
-541
5,590
Investing
-118
-159
-953
98
-797
235
-2,799
1,165
-1,814
-189
546
-2,965
Financing
-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
466
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
28
ROCE %
35%
27%
23%
25%
26%
24%
13%
21%
25%
23%
19%
21%

Shareholding Pattern

As of Jun 2026
Promoters 52.90%
FIIs 15.38%
DIIs 15.34%
Public 14.43%
Others 1.95%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
52.90%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
19.05%
0.00%
19.01%
18.20%
18.22%
18.11%
17.81%
17.54%
16.11%
15.55%
15.65%
15.38%
DIIs
10.54%
9.65%
9.87%
10.09%
10.00%
11.04%
10.87%
11.31%
11.41%
10.64%
10.05%
9.24%
10.45%
10.87%
11.47%
11.55%
12.18%
12.78%
14.16%
15.00%
15.04%
15.34%
Government
0.35%
0.21%
0.16%
0.16%
0.16%
0.16%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
15.34%
15.28%
15.36%
15.53%
15.59%
15.98%
15.84%
15.86%
15.92%
15.66%
15.71%
15.56%
15.38%
15.78%
15.29%
15.29%
15.08%
14.79%
14.83%
14.56%
14.47%
14.43%
Others
20.88%
21.96%
21.71%
21.31%
21.35%
19.92%
20.39%
19.93%
19.77%
20.80%
2.29%
22.30%
2.25%
2.25%
2.12%
2.15%
2.02%
1.99%
2.00%
1.99%
1.95%
1.95%
No. of Shareholders
0
3,55,774
3,64,729
3,91,334
5,01,614
5,78,252
6,87,810
6,66,373
7,19,167
6,75,193
6,99,659
7,10,646
7,49,319
8,80,587
8,24,661
8,75,901
8,55,126
7,92,131
7,95,466
7,49,373
7,35,599
7,33,428

Documents

1
Concall - Aug 2026 Aug 2026
2
Concall - May 2019 May 2019
3
Concall - Nov 2019 Nov 2019
4
Concall - Nov 2019 Nov 2019
5
Concall - Jun 2020 Jun 2020

Frequently Asked Questions about Titan Company Ltd

What does Titan Company Ltd do?
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 Tamiln...
Where is Titan Company Ltd (TITAN) listed?
Titan Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: TITAN and BSE: 500114. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Titan Company Ltd belong to?
Titan Company Ltd operates in the Consumer Discretionary sector within the Consumer Durables industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Titan Company Ltd?
Titan Company Ltd has a market capitalisation of approximately ₹442907.64 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Titan Company Ltd?
The Price-to-Earnings (PE) ratio of Titan Company Ltd is 76.14. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Titan Company Ltd?
Over the past 52 weeks, Titan Company Ltd has traded between a low of ₹3,303.1 and a high of ₹5,005. This range helps investors understand the stock's price volatility and recent trading levels.
Does Titan Company Ltd pay dividends?
Yes, Titan Company Ltd has a dividend yield of 0.30%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Titan Company Ltd?
Titan Company Ltd has a Return on Equity (ROE) of 32.31%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Titan Company Ltd on Tapetide?
On Tapetide, you can view Titan Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website titancompany.in
CEO Mr. Ajoy Chawla B.E., PGDM
Employees 9,191
Listed 2004-09-24
Face Value ₹ 1
Issued Size 88,77,86,160

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