Titan Company Ltd

Titan Company Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Titan Company Ltd

₹ 3,400 -0.93%
02 Jul - close price
titancompany.in BSE: 500114 NSE: TITAN
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

Brands
SKINN, Fastrak, Titan Eye+, Tanishq, Sonata, etc. [1]

Website BSE NSE
  • Market Cap ₹ 3,01,816 Cr.
  • Current Price ₹ 3,400
  • High / Low ₹ 3,887 / 2,882
  • Stock P/E 86.3
  • Book Value ₹ 106
  • Dividend Yield 0.32 %
  • ROCE 22.7 %
  • ROE 32.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 20.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%
  • Company has been maintaining a healthy dividend payout of 28.7%

Cons

  • Stock is trading at 32.1 times its book value
  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
7,494 3,473 7,493 10,037 7,796 9,443 9,163 11,609 10,360 11,897 12,529 14,164 12,494
6,677 3,336 6,525 8,595 7,002 8,247 7,916 10,262 9,271 10,772 11,118 12,599 11,303
Operating Profit 817 137 968 1,442 794 1,196 1,247 1,347 1,089 1,125 1,411 1,565 1,191
OPM % 11% 4% 13% 14% 10% 13% 14% 12% 11% 9% 11% 11% 10%
57 46 55 57 22 44 61 90 114 114 125 136 159
Interest 51 49 51 57 61 65 60 79 96 109 140 169 201
Depreciation 93 95 104 98 102 103 106 113 119 128 144 154 158
Profit before tax 730 39 868 1,344 653 1,072 1,142 1,245 988 1,002 1,252 1,378 991
Tax % 22% 54% 26% 25% 19% 26% 27% 27% 26% 25% 27% 24% 22%
568 18 641 1,012 527 790 835 913 736 756 916 1,053 771
EPS in Rs 6.35 0.23 7.20 11.31 5.74 8.84 9.36 10.18 8.22 8.48 10.31 11.86 8.68
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10,123 10,927 11,913 11,276 13,261 16,120 19,779 21,052 21,644 28,799 40,575 51,084
9,109 9,880 10,761 10,337 12,097 14,476 17,785 18,589 19,919 25,455 35,693 45,792
Operating Profit 1,014 1,047 1,153 939 1,164 1,644 1,994 2,463 1,725 3,344 4,882 5,292
OPM % 10% 10% 10% 8% 9% 10% 10% 12% 8% 12% 12% 10%
99 117 67 69 -42 70 178 153 180 177 306 534
Interest 51 87 81 42 38 53 53 166 203 218 300 619
Depreciation 56 68 90 98 111 131 163 348 375 399 441 584
Profit before tax 1,006 1,010 1,049 868 973 1,530 1,957 2,102 1,327 2,904 4,447 4,623
Tax % 28% 27% 22% 22% 28% 28% 29% 29% 27% 24% 26% 24%
725 735 816 675 697 1,102 1,389 1,493 974 2,198 3,274 3,496
EPS in Rs 8.17 8.28 9.19 7.60 8.01 12.73 15.82 16.91 10.96 24.48 36.61 39.38
Dividend Payout % 26% 25% 25% 29% 32% 29% 32% 24% 37% 31% 27% 28%
Compounded Sales Growth
10 Years: 17%
5 Years: 21%
3 Years: 33%
TTM: 26%
Compounded Profit Growth
10 Years: 17%
5 Years: 20%
3 Years: 54%
TTM: 8%
Stock Price CAGR
10 Years: 25%
5 Years: 22%
3 Years: 25%
1 Year: 11%
Return on Equity
10 Years: 26%
5 Years: 27%
3 Years: 30%
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 89 89 89 89 89 89 89 89 89 89 89 89
Reserves 1,881 2,434 2,995 3,418 4,144 5,001 5,981 6,580 7,408 9,214 11,762 9,304
0 807 100 113 1,882 1,691 2,393 3,562 5,638 7,275 9,367 15,528
3,914 2,781 2,684 2,723 2,293 2,740 3,247 3,313 3,309 4,610 5,802 6,626
Total Liabilities 5,884 6,111 5,868 6,342 8,408 9,521 11,710 13,544 16,444 21,188 27,020 31,547
464 614 699 771 1,189 1,474 1,567 2,633 2,523 2,544 2,998 3,709
CWIP 42 33 55 107 152 43 32 18 32 85 144 97
Investments 3 3 3 30 431 36 108 158 2,824 294 2,515 2,345
5,375 5,461 5,111 5,434 6,636 7,968 10,003 10,735 11,065 18,265 21,363 25,396
Total Assets 5,884 6,111 5,868 6,342 8,408 9,521 11,710 13,544 16,444 21,188 27,020 31,547

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
553 -555 503 576 1,712 -51 1,243 -348 4,139 -724 1,370 1,695
-142 -271 -118 -159 -953 98 -797 235 -2,799 1,165 -1,814 -189
-236 497 -1,005 -505 -166 -252 -489 -242 -1,234 -403 457 -1,329
Net Cash Flow 176 -329 -620 -88 594 -206 -43 -355 106 38 13 177

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 6 5 6 6 6 7 8 5 6 7 6 7
Inventory Days 179 175 169 198 189 185 178 195 187 230 199 176
Days Payable 102 39 81 74 30 27 23 14 18 22 15 13
Cash Conversion Cycle 83 142 94 131 165 164 163 186 176 215 191 171
Working Capital Days 7 55 62 78 94 99 99 112 113 146 121 115
ROCE % 62% 42% 35% 27% 23% 25% 26% 24% 13% 21% 25% 23%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90% 52.90%
18.41% 19.06% 18.56% 18.40% 16.77% 17.04% 17.53% 17.51% 18.53% 19.05% 18.89% 19.01%
9.87% 10.10% 10.29% 10.21% 11.26% 11.71% 11.14% 11.23% 10.46% 9.87% 10.25% 10.29%
0.21% 0.16% 0.16% 0.16% 0.16% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
18.61% 17.78% 18.09% 18.33% 18.91% 18.17% 18.26% 18.19% 17.93% 18.00% 17.77% 17.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08%
No. of Shareholders 3,64,7293,91,3345,01,6145,78,2526,87,8106,66,3736,88,3777,19,1676,75,1936,99,6597,10,6467,49,319

* 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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Documents

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