Titan Co

₹3291.1 46.9 | 1.4%

WEBSITE BSE:500114 NSE : TITAN 10 May, 16:01

Market Cap ₹292179 Cr.

Stock P/E 83.9

P/B 31.1

Current Price ₹3291.1

Book Value ₹ 105.8

Face Value 1

52W High ₹3885

Dividend Yield 0.33%

52W Low ₹ 2669.3

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.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	10037	7796	9443	9163	11609	10360	11897	12529	14164	12494
Other Income	57	76	44	61	89	114	114	124	136	159
Total Income	10094	7872	9487	9224	11698	10474	12011	12653	14300	12653
Total Expenditure	8595	7002	8247	7916	10262	9271	10772	11118	12599	11303
Operating Profit	1499	870	1240	1308	1436	1203	1239	1535	1701	1350
Interest	57	61	65	60	79	96	109	140	169	201
Depreciation	98	102	103	106	113	119	128	144	154	158
Exceptional Income / Expenses	0	-54	0	0	0	0	0	0	0	0
Profit Before Tax	1344	653	1072	1142	1244	988	1002	1251	1378	991
Provision for Tax	332	126	282	307	332	252	246	336	325	220
Profit After Tax	1012	527	790	835	912	736	756	915	1053	771
Adjustments	-8	-17	-5	-4	-8	-6	-3	0	0	0
Profit After Adjustments	1004	510	785	831	904	730	753	915	1053	771
Adjusted Earnings Per Share	11.3	5.7	8.8	9.3	10.2	8.2	8.5	10.3	11.8	8.7

Titan Co Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	10123	10927	11913	11276	13261	16120	19779	21052	21644	28799	40575	51084
Other Income	107	120	71	100	72	89	185	153	187	238	343	533
Total Income	10230	11048	11984	11375	13333	16209	19964	21205	21831	29037	40918	51617
Total Expenditure	9117	9883	10765	10367	12107	14475	17789	18585	19921	25462	35731	45792
Operating Profit	1113	1165	1219	1009	1226	1734	2174	2620	1910	3575	5187	5825
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
Exceptional Income / Expenses	0	0	0	0	-103	-17	0	0	0	-54	0	0
Profit Before Tax	1007	1010	1049	868	973	1530	1957	2102	1327	2904	4447	4622
Provision for Tax	282	275	233	192	276	428	568	609	353	706	1173	1127
Profit After Tax	725	735	816	677	697	1102	1389	1493	974	2198	3274	3495
Adjustments	0	0	0	-2	14	28	16	8	-1	-25	-24	-3
Profit After Adjustments	725	735	816	675	711	1130	1404	1501	973	2173	3250	3492
Adjusted Earnings Per Share	8.2	8.3	9.2	7.6	8	12.7	15.8	16.9	10.9	24.4	36.5	39.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	41%	24%	20%	15%
Operating Profit CAGR	45%	26%	25%	17%
PAT CAGR	49%	30%	24%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	20%	31%	24%	28%
ROE Average	31%	24%	24%	26%
ROCE Average	27%	22%	24%	30%

Titan Co Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1970	2523	3084	3506	4232	5090	6070	6669	7497	9303	11851
Minority's Interest	0	0	0	0	26	-2	14	4	5	30	53
Borrowings	0	0	0	0	0	0	32	17	9	2	0
Other Non-Current Liabilities	57	65	71	1843	118	85	63	1073	1122	1160	1697
Total Current Liabilities	3849	3514	2694	2714	4028	4315	5462	5628	7714	10512	13264
Total Liabilities	5876	6102	5849	8063	8404	9488	11641	13391	16347	21007	26865
Fixed Assets	464	614	699	761	1178	1451	1543	2609	2499	2543	2997
Other Non-Current Assets	218	255	302	2177	491	436	511	661	651	1010	1461
Total Current Assets	5194	5233	4847	5125	6736	7601	9587	10121	13197	17454	22389
Total Assets	5876	6102	5849	8063	8404	9488	11641	13391	16347	21007	26865

Titan Co Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	964	1121	792	171	117	678	472	430	75	181	219
Cash Flow from Operating Activities	553	-555	503	576	1712	-51	1243	-348	4139	-724	1370
Cash Flow from Investing Activities	-142	-272	-119	-159	-984	96	-798	235	-2801	1164	-1811
Cash Flow from Financing Activities	-236	497	-1005	-505	-166	-252	-489	-242	-1234	-403	457
Net Cash Inflow / Outflow	176	-329	-621	-88	562	-207	-44	-355	104	37	16
Closing Cash & Cash Equivalent	1140	792	171	84	679	472	430	75	181	219	232

Titan Co Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.17	8.28	9.19	7.6	8.01	12.73	15.82	16.87	10.93	24.42	36.52
CEPS(Rs)	8.8	9.04	10.2	8.73	9.1	13.89	17.48	20.69	15.16	29.18	41.74
DPS(Rs)	2.1	2.1	2.3	2.2	2.6	3.75	5	4	4	7.5	10
Book NAV/Share(Rs)	22.19	28.42	34.74	39.49	47.68	57.3	68.33	74.89	84.19	104.46	133.08
Core EBITDA Margin(%)	9.85	9.52	9.61	8.04	8.63	10.18	10.06	11.72	7.96	11.59	11.94
EBIT Margin(%)	10.35	10	9.45	8.05	7.55	9.8	10.16	10.77	7.07	10.84	11.7
Pre Tax Margin(%)	9.85	9.21	8.78	7.68	7.27	9.47	9.89	9.98	6.13	10.08	10.96
PAT Margin (%)	7.09	6.7	6.83	5.98	5.21	6.82	7.02	7.09	4.5	7.63	8.07
Cash Profit Margin (%)	7.65	7.31	7.58	6.85	6.04	7.63	7.84	8.75	6.23	9.02	9.16
ROA(%)	13.7	12.27	13.66	9.73	8.47	12.32	13.14	11.93	6.55	11.77	13.68
ROE(%)	42.26	32.71	29.12	20.53	18.02	23.65	24.9	23.45	13.76	26.18	30.97
ROCE(%)	61.32	41.35	34.69	26.77	20.77	24.55	26.36	25.99	14.66	23.04	27.47
Receivable days	5.91	5.32	5.25	6.17	5.46	5.69	6.61	6.35	5.72	5.9	5.57
Inventory Days	117.21	125.61	120.94	137.1	127.82	122.57	119.62	131.26	139.22	139.52	135.8
Payable days	97.39	67.13	58.38	80.1	46.71	26.05	22.62	18.09	15.4	17.57	15.08
PER(x)	31.39	31.7	42.64	44.59	57.56	73.94	71.92	55.35	142.45	103.87	68.87
Price/Book(x)	11.56	9.24	11.29	8.58	9.67	16.43	16.65	12.47	18.5	24.28	18.9
Dividend Yield(%)	0.82	0.8	0.59	0.65	0.56	0.4	0.44	0.43	0.26	0.3	0.4
EV/Net Sales(x)	2.14	2.12	2.91	2.67	3.17	5.25	5.17	4.04	6.58	7.99	5.67
EV/Core EBITDA(x)	19.44	19.93	28.45	29.82	34.31	48.82	47.05	32.45	74.57	64.35	44.34
Net Sales Growth(%)	14.41	7.94	9.02	-5.35	17.6	21.56	22.7	6.44	2.81	33.06	40.89
EBIT Growth(%)	19.56	3.77	2.97	-19.4	11.04	56.55	26.96	12.87	-32.54	104.05	52.05
PAT Growth(%)	20.52	1.35	11.09	-17.12	3.07	58.03	26.02	7.51	-34.76	125.67	48.95
EPS Growth(%)	20.62	1.32	11.07	-17.36	5.48	58.84	24.25	6.63	-35.18	123.33	49.56
Debt/Equity(x)	0	0.32	0.03	0.03	0.44	0.33	0.39	0.35	0.58	0.64	0.63
Current Ratio(x)	1.35	1.49	1.8	1.89	1.67	1.76	1.76	1.8	1.71	1.66	1.69
Quick Ratio(x)	0.39	0.39	0.3	0.25	0.45	0.39	0.47	0.36	0.62	0.37	0.44
Interest Cover(x)	20.87	12.59	14	21.49	26.79	29.91	38.25	13.66	7.54	14.32	15.82
Total Debt/Mcap(x)	0	0.03	0	0	0.05	0.02	0.02	0.03	0.03	0.03	0.03

Titan Co Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.9	52.9	52.9	52.9	52.9	52.9	52.9	52.9	52.9	52.9
FII	18.55	18.4	16.77	17.04	17.53	17.51	18.53	19.05	18.89	19
DII	10.47	10.37	11.42	11.89	11.31	11.4	10.64	10.05	10.44	10.46
Public	18.09	18.33	18.91	18.17	18.26	18.19	17.94	18.01	17.78	17.64
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.96	46.96	46.96	46.96	46.96	46.96	46.96	46.96	46.96	46.96
FII	16.47	16.34	14.89	15.13	15.56	15.55	16.45	16.91	16.77	16.87
DII	9.29	9.21	10.14	10.56	10.04	10.12	9.44	8.92	9.27	9.28
Public	16.06	16.27	16.79	16.13	16.22	16.15	15.92	15.99	15.78	15.66
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 delivered good profit growth of 24% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Debtor days have improved from 17.57 to 15.08days.
Company has reduced debt.

Cons

Stock is trading at 31.1 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

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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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