Titan Co

₹3360.8 -0.5 | 0%

WEBSITE BSE:500114 NSE : TITAN 18 May, 12:50

Market Cap ₹298367 Cr.

Stock P/E 85.7

P/B 20.6

Current Price ₹3360.8

Book Value ₹ 162.8

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.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

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
Net Sales	10113	10916	11903	11084	12897	15621	19070	20010	20602	27210	38270
Other Income	107	120	71	97	65	86	182	146	181	264	358
Total Income	10220	11036	11974	11182	12961	15708	19252	20156	20783	27474	38628
Total Expenditure	9108	9867	10750	10164	11701	13888	17072	17592	18901	23949	33559
Operating Profit	1111	1169	1224	1018	1260	1820	2181	2564	1882	3525	5069
Interest	51	87	81	42	37	48	44	149	181	195	240
Depreciation	54	66	87	87	93	110	139	310	331	347	364
Exceptional Income / Expenses	0	0	0	0	-96	-92	-70	0	-137	-51	0
Profit Before Tax	1006	1016	1056	888	1033	1571	1927	2105	1233	2932	4465
Provision for Tax	281	275	233	191	272	408	553	588	356	752	1132
Profit After Tax	725	741	823	698	762	1163	1374	1517	877	2180	3333
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	725	741	823	698	762	1163	1374	1517	877	2180	3333
Adjusted Earnings Per Share	8.2	8.3	9.3	7.9	8.6	13.1	15.5	17	9.9	24.5	37.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	41%	24%	20%	14%
Operating Profit CAGR	44%	26%	23%	16%
PAT CAGR	53%	30%	23%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	23%	30%	22%	27%
ROE Average	31%	23%	23%	26%
ROCE Average	28%	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	1965	2524	3092	3535	4312	5194	6182	6825	7553	9373	11994
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	55	62	68	1837	107	56	34	947	1009	1069	1429
Total Current Liabilities	3848	3511	2693	2657	3896	4098	5169	5244	7193	9559	11521
Total Liabilities	5868	6098	5853	8029	8315	9348	11385	13016	15755	20001	24944
Fixed Assets	449	596	683	654	697	951	1045	2029	1935	1924	2160
Other Non-Current Assets	232	277	330	2196	928	1120	1254	1453	1319	1698	2098
Total Current Assets	5186	5224	4839	5178	6691	7277	9085	9534	12501	16379	20686
Total Assets	5868	6098	5853	8029	8315	9348	11385	13016	15755	20001	24944

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	962	1118	788	168	79	672	466	364	50	147	117
Cash Flow from Operating Activities	553	-551	508	567	1768	299	1249	-289	4101	-1126	1810
Cash Flow from Investing Activities	-142	-276	-124	-151	-1020	-180	-911	243	-2744	1564	-1653
Cash Flow from Financing Activities	-236	497	-1004	-505	-154	-325	-442	-268	-1260	-468	-155
Net Cash Inflow / Outflow	175	-330	-621	-89	594	-207	-104	-314	97	-30	2
Closing Cash & Cash Equivalent	1137	788	168	79	673	466	364	50	147	117	119

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	8.35	9.27	7.86	8.58	13.1	15.48	17.04	9.85	24.49	37.45
CEPS(Rs)	8.78	9.09	10.26	8.84	9.63	14.33	17.04	20.53	13.57	28.39	41.54
DPS(Rs)	2.1	2.1	2.3	2.2	2.6	3.75	5	4	4	7.5	10
Book NAV/Share(Rs)	22.13	28.43	34.83	39.81	48.57	58.5	69.63	76.69	84.87	105.31	134.76
Core EBITDA Margin(%)	9.84	9.57	9.66	8.29	9.19	11.07	10.48	12.08	8.26	11.98	12.31
EBIT Margin(%)	10.36	10.07	9.52	8.38	8.24	10.34	10.34	11.26	6.86	11.49	12.29
Pre Tax Margin(%)	9.86	9.27	8.85	8	7.95	10.03	10.11	10.52	5.98	10.78	11.67
PAT Margin (%)	7.11	6.77	6.9	6.28	5.86	7.43	7.21	7.58	4.26	8.01	8.71
Cash Profit Margin (%)	7.64	7.36	7.63	7.07	6.58	8.13	7.94	9.13	5.86	9.29	9.66
ROA(%)	13.74	12.39	13.78	10.05	9.32	13.17	13.26	12.43	6.1	12.19	14.83
ROE(%)	42.47	33.02	29.31	21.05	19.42	24.47	24.16	23.33	12.2	25.76	31.2
ROCE(%)	61.59	41.62	34.85	27.21	21.79	24.94	25.83	25.87	13.72	23.68	28.49
Receivable days	5.85	5.26	5.19	5.29	3.51	3.59	5.28	5.22	4.47	5.27	6.69
Inventory Days	117.24	125.69	121.01	138.52	129	123.05	119.32	131.88	139.3	139.31	132.28
Payable days	97.28	67.08	58.32	79.88	45.88	24.1	20.34	16.13	13.95	15.46	12.69
PER(x)	31.4	31.44	42.28	43.12	53.76	71.86	73.48	54.77	158.05	103.54	67.16
Price/Book(x)	11.59	9.23	11.26	8.51	9.5	16.09	16.34	12.17	18.35	24.08	18.66
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	2.13	2.91	2.71	3.26	5.41	5.36	4.24	6.9	8.45	5.99
EV/Core EBITDA(x)	19.47	19.87	28.34	29.55	33.37	46.46	46.9	33.1	75.55	65.26	45.24
Net Sales Growth(%)	14.42	7.94	9.05	-6.88	16.35	21.13	22.08	4.93	2.96	32.07	40.65
EBIT Growth(%)	19.81	4.36	3.04	-18.11	15.03	51.17	21.84	14.31	-37.27	121.15	50.46
PAT Growth(%)	20.83	2.2	11.05	-15.25	9.22	52.64	18.19	10.38	-42.19	148.57	52.89
EPS Growth(%)	20.83	2.2	11.05	-15.25	9.22	52.64	18.19	10.11	-42.19	148.58	52.89
Debt/Equity(x)	0	0.32	0.03	0.03	0.43	0.31	0.37	0.31	0.54	0.57	0.52
Current Ratio(x)	1.35	1.49	1.8	1.95	1.72	1.78	1.76	1.82	1.74	1.71	1.8
Quick Ratio(x)	0.39	0.39	0.29	0.3	0.48	0.37	0.46	0.34	0.63	0.38	0.5
Interest Cover(x)	20.87	12.66	14.09	22.01	28.83	33.94	44.36	15.13	7.81	16.04	19.6
Total Debt/Mcap(x)	0	0.03	0	0	0.05	0.02	0.02	0.03	0.03	0.02	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 23% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Debtor days have improved from 15.46 to 12.69days.

Cons

Stock is trading at 20.6 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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