Titan Company Ltd logo

Titan Company Ltd

TITAN NSE

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]

AI Verdict: BUY Confidence: 7%

Titan commands a premium valuation at 74.9x PE, but its exceptional execution — 34% 3-year ROE, 29% sales CAGR over 10 years, and 80% buy ratings from 35 analysts — justifies a BUY for long-term investors. The stock's 28% 10-year CAGR demonstrates consistent wealth creation in India's underpenetrated organized jewellery market.

Key Fundamentals

LargecapJewellery & WatchesConsumer Goods
Market Cap
3.8L Cr
Volatility
Moderate
P/E Ratio
75.08
EBITDA
₹-2,533 Cr
Return on Equity
37.22%
Debt to Equity
1.73
Book Value
₹176.88
EPS
₹38.91
52W High
₹4,605
52W Low
₹3,303.1

Technical Indicators

Key Insights

Strengths

5
  • 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

Weaknesses

1
  • Stock is trading at 24.4 times its book value

Growth Rate

Revenue Growth
26.02% ↗
Net Income Growth
51.66% ↗
Cash Flow Change
-131.92% ↘
ROE
-22.86% ↗
ROCE
5.87% ↗
EBITDA Margin (Avg.)
-132.25% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 9d ago
BUY
Risk medium

Titan commands a premium valuation at 74.9x PE, but its exceptional execution — 34% 3-year ROE, 29% sales CAGR over 10 years, and 80% buy ratings from 35 analysts — justifies a BUY for long-term investors. The stock's 28% 10-year CAGR demonstrates consistent wealth creation in India's underpenetrated organized jewellery market.

Bull Case 8
  • Exceptional return on equity of 38% in the last year and 34% 3-year average, indicating superior capital efficiency
  • Compounded sales growth of 29% over 3 years and 23% over 10 years demonstrates durable demand and market share gains
  • TTM profit growth of 54% shows strong operating leverage and margin expansion in recent quarters
  • Overwhelming analyst consensus with 80% buy ratings (28 out of 35 analysts recommending buy)
  • 10-year stock CAGR of 28% reflects consistent long-term wealth creation for shareholders
  • Company has reduced debt, strengthening the balance sheet and lowering financial risk
  • Healthy dividend payout ratio of 27.9% maintained consistently despite reinvesting for growth
  • Median sales growth of 22.1% over 10 years provides visibility on sustained double-digit topline expansion
Bear Case 7
  • Stock trades at 74.9x PE, a steep premium that leaves little margin of safety for execution misses
  • Price-to-book ratio of 24.2x is extremely elevated, pricing in decades of future growth
  • Dividend yield of just 0.26% offers negligible income support at current market cap of Rs 3.83 lakh crore
  • 5-year compounded profit CAGR of 40% significantly outpaces 5-year stock CAGR of 20%, suggesting re-rating may be exhausted
  • 3-year stock CAGR of only 13% versus 10-year CAGR of 28% indicates recent deceleration in price returns
  • TTM sales growth of 45% is well above 10-year average of 23%, creating a high base that may be difficult to sustain
  • Consumer discretionary sector vulnerability — any macro slowdown or gold price spike could compress near-term demand

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2d ago
Positives 2
  • ₹15 dividend recommended for FY26 Jun 9

    Titan recommended a dividend of ₹15.00 per equity share for FY26, subject to AGM approval and TDS provisions.

  • 2x revenue target by FY30 Jun 4

    Titan targets doubling consolidated revenue to ₹76,078 crore by FY30, with 25% revenue CAGR over the past three years. Jewellery and watches to grow 2x, eyecare 2.5x to ₹3,500 crore, and emerging businesses 3.4x.

Neutral 3
  • Trading window closed for Q1FY27 Jun 22

    Titan closed its trading window for designated persons from June 23, 2026 until 48 hours after the Q1FY27 board meeting, per SEBI insider trading regulations.

  • Investor meets scheduled in June Jun 4

    Titan hosted an Institutional Investors & Analyst Meet on June 4 (webcast at 8:30 AM IST) and scheduled additional physical meetings between June 17–25.

  • ₹1000 crore CPs fully redeemed Jun 8

    Titan fully redeemed commercial papers worth ₹1000 crore (ISIN INE280A14542) with proceeds paid to holders on June 8, 2026.

TL;DR: Titan is executing a clear growth playbook with an ambitious target to double revenue to ₹76,078 crore by FY30 across jewellery, eyecare, and international segments. The ₹15 dividend signals confidence in cash flows. No material headwinds surfaced in recent news. With quarterly results approaching and active investor engagement, the near-term narrative remains constructive and growth-oriented.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
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
Expenses
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%
Other Income
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
PBT
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%
Net Profit
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
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
Expenses
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%
Other Income
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
PBT
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%
Net Profit
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
7.6
8.01
12.73
15.82
16.91
10.96
24.48
36.61
39.38
37.59
57.14
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
14,551
Other Liabilities
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
Fixed Assets
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
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
-2,934
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
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
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
38
ROCE %
35%
27%
23%
25%
26%
24%
13%
21%
25%
23%
19%
26%

Shareholding Pattern

As of Mar 2026
Promoters 52.90%
FIIs 15.65%
DIIs 15.04%
Public 14.47%
Others 1.95%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
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%
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%
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%
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%
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%
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

Documents

1
Concall - May 2019 May 2019
2
Concall - Nov 2019 Nov 2019
3
Concall - Nov 2019 Nov 2019
4
Concall - Jun 2020 Jun 2020
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 ₹380292.08 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 75.08. 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 ₹4,605. 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 0.25%. 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 37.22%. 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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