Titan Company Ltd logo

Titan Company Ltd

TITAN NSE

Key Fundamentals

LargecapJewellery & WatchesConsumer Goods
Market Cap
4.5L Cr
Volatility
Moderate
P/E Ratio
77.89
EBITDA
₹8,907 Cr
Return on Equity
32.31%
Debt to Equity
1.95
Book Value
₹176.88
EPS
₹38.91
52W High
₹5,168
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 28.7 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 2d ago
AI opinion · based on fundamentals
Risk medium

Titan Company Ltd commands a market cap of ₹4,51,315 Cr with a PE of 77.8x and a price-to-book of 28.55x, reflecting premium valuations. The company has delivered strong compounded sales growth of 23% over 10 years and TTM profit growth of 57%, while maintaining a 3-year average ROE of 34%.

Bull Case 8
  • TTM revenue growth of 45% demonstrates strong demand momentum across business segments
  • Compounded profit growth of 57% TTM significantly outpaces sales growth, indicating operating leverage and margin expansion
  • Consistent ROE track record — 38% last year, 34% over 3 years, 32% over 5 years, and 29% over 10 years — reflects sustained capital efficiency
  • 10-year compounded sales CAGR of 23% shows long-duration structural growth in discretionary consumption
  • 5-year compounded profit CAGR of 40% exceeds the 5-year sales CAGR of 32%, indicating improving profitability profile
  • Stock CAGR of 29% over 10 years reflects long-term wealth creation aligned with business compounding
  • Healthy dividend payout ratio of 27.9% maintained alongside high reinvestment rates, balancing shareholder returns with growth
  • 1-year stock CAGR of 45% suggests renewed market confidence in near-term earnings trajectory
Bear Case 7
  • PE ratio of 77.8x is significantly elevated relative to broader market averages, leaving limited margin of safety
  • Price-to-book of 28.55x implies the stock is priced for near-flawless execution with little room for disappointment
  • Dividend yield of just 0.3% offers negligible income cushion, making returns entirely dependent on capital appreciation
  • Potential capitalization of interest costs may overstate reported profitability and asset values
  • 3-year compounded profit CAGR of 17% lags the 3-year sales CAGR of 29%, suggesting margin compression in the intermediate period before recent recovery
  • At 77.8x PE, even a modest earnings miss could trigger sharp de-rating given the premium embedded in current valuations
  • Consumer discretionary sector is cyclical — any slowdown in urban consumption or gold price volatility could impact near-term growth rates

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

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 3
  • Gold demand hit by prices, PM appeal Aug 10

    Customers showing reluctance to purchase gold due to rising prices, compounded by PM's public appeal to cut gold consumption, weighing on jewellery segment demand.

  • Damas footfall drops amid ME conflict Aug 7

    Middle East conflict has led to declining customer visits and spending at Damas Jewelry, with weak plain gold demand noted at end of July.

  • Weak May jewellery sales Aug 7

    Titan executive confirmed weak jewellery sales in May, though June saw a sequential recovery in demand.

Positives 4
  • Q1FY27 profit surges 63% YoY Aug 10

    Consolidated net profit jumped 63% YoY to ₹1,777 crore in Q1FY27 with total income up 40% to ₹21,502 crore. Standalone EBITDA margin expanded to 14.06% from 11.21% YoY, beating the 10% estimate.

  • Jewellery revenue up 43% Aug 10

    Jewellery segment revenue grew 43% to ₹18,253 crore, with international jewellery business surging 136% to ₹1,309 crore.

  • ₹15 dividend, Noel Tata reappointed Jul 27

    42nd AGM approved ₹15 per share dividend and re-appointment of Noel N. Tata as director.

  • June demand recovery Aug 7

    Jewellery demand increased in June following weak May sales, signalling a rebound in consumer sentiment.

Neutral 3
  • New PSU scheme, director appointments Aug 17

    Titan seeking shareholder approval for 15,00,000 PSUs (0.17% of paid-up capital) and appointment of two TIDCO nominee non-executive directors. Voting runs Aug 19 to Sep 17, 2026.

  • Institutional block trades Aug 5

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

  • Analyst meeting with First Sentier Aug 17

    One-on-one analyst meeting scheduled with First Sentier Investor Group on Aug 21, 2026. No price-sensitive information to be shared.

TL;DR: Titan delivered a standout Q1FY27 with 63% profit growth and strong jewellery revenue expansion, particularly in international markets. Key risks include gold demand headwinds from rising prices, the PM's consumption appeal, and Middle East geopolitical disruption affecting Damas. The June demand recovery after a weak May suggests domestic sentiment is stabilising, but sustained high gold prices and geopolitical uncertainty remain near-term overhangs to watch.

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 - 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 ₹449956.66 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 77.89. 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 ₹5,168. 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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