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Titan

TITAN NSE

Key Fundamentals

LargecapJewellery & WatchesConsumer Goods
Market Cap
4.4L Cr
Volatility
Moderate
P/E Ratio
77.2
EBITDA
₹8,907 Cr
Return on Equity
32.31%
Debt to Equity
1.95
Book Value
₹176.88
EPS
₹38.91
52W High
₹5,186.7
52W Low
₹3,303.1

Tapetide Score

Data-driven rating, 0–100. How it works →

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 28.3 times its book value
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
44.62% higher than 3Y
Net Income Growth
52.02% higher than 3Y
Cash Flow Change
—
ROE
12.54% lower than 3Y
ROCE
4.01% lower than 3Y
EBITDA Margin (Avg.)
-0.3% higher than 3Y

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 ₹4,39,632 Cr and trades at a PE of 77.2x and PB of 28.3x, reflecting premium valuations. The company has delivered strong compounded sales growth of 23% over 10 years and profit growth of 57% TTM, with a last-year ROE of 38%, positioning it as a high-growth consumer discretionary franchise with correspondingly elevated multiples.

Bull Case 8
  • Exceptional TTM revenue growth of 45% demonstrates strong consumer demand and market share gains across jewellery, watches, and eyewear segments
  • Last-year ROE of 38% is well above the 10-year average of 29%, indicating improving capital efficiency and profitability
  • Compounded profit growth of 57% TTM significantly outpaces sales growth of 45% TTM, reflecting operating leverage and margin expansion
  • 10-year compounded sales CAGR of 23% and profit CAGR of 22% demonstrate a consistent long-duration growth track record
  • 3-year ROE of 34% and 5-year ROE of 32% show sustained high returns on equity, not a one-off spike
  • Consistent dividend payout ratio of 27.9% signals management confidence in cash flow generation while retaining capital for growth
  • Stock price CAGR of 28% over 10 years reflects long-term wealth creation for shareholders, supported by underlying earnings growth
  • 5-year compounded profit growth of 40% versus 5-year sales growth of 32% suggests structural margin improvement over medium-term periods
Bear Case 8
  • PE ratio of 77.2x is significantly elevated compared to broad market averages of 20-25x, leaving limited room for earnings disappointment
  • Price-to-book of 28.3x is extremely high, meaning investors are paying a steep premium over net asset value
  • Dividend yield of just 0.3% offers negligible income return, making the stock entirely dependent on capital appreciation
  • Potential capitalisation of interest costs could overstate reported profits and asset values, masking true debt servicing burden
  • 3-year compounded profit CAGR of 17% is notably lower than the TTM figure of 57%, suggesting recent profit acceleration may not be sustainable at this pace
  • 3-year stock CAGR of 16% lags the 10-year CAGR of 28%, indicating a period of relative underperformance despite strong fundamentals
  • At a market cap of ₹4.40 lakh Cr, the sheer size of the company raises the difficulty of sustaining 20%+ growth rates as the base effect increases
  • 52-week high and low data are unavailable (reported as 0), limiting visibility into recent price range and volatility context

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

AI News Digest

Anthropic anthropic claude-opus-4.6 3h ago
Positives 1
  • New PSU scheme for employees Aug 17

    Titan seeks shareholder approval for a performance-based stock unit scheme allowing 15 lakh PSUs via secondary acquisition, signaling focus on talent retention and alignment with company performance.

Neutral 3
  • ₹1000 Cr commercial paper redeemed Sep 4

    Titan fully redeemed ₹1000 crore of commercial papers issued in June 2026, with maturity proceeds paid to all holders on September 4 as per SEBI regulations.

  • Analyst meeting with First Sentier Aug 17

    Titan scheduled a one-on-one physical meeting with First Sentier Investor Group on August 21, 2026, under SEBI Regulation 30 disclosure norms.

  • Two new director appointments sought Aug 17

    Titan issued a postal ballot notice seeking shareholder approval for the appointment of two non-executive directors to the board.

TL;DR: A quiet period for Titan with no material headwinds or major catalysts emerging from recent disclosures. The ₹1000 crore commercial paper redemption reflects routine treasury management, while the new PSU scheme is a modest positive for employee incentive alignment. With no negative developments on the radar, the near-term outlook remains stable, though investors will watch for upcoming quarterly results and consumer demand trends for directional cues.

Quarterly Results

Particulars 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

Particulars 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

Particulars 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

Particulars 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

Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others1.95%Govt.0.19%Promot.52.90%Public14.43%DIIs15.15%FIIs15.38%As ofJun 2026

Documents

Frequently Asked Questions about Titan

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 trades as TITAN on the NSE and under code 500114 on the BSE.
Which sector does Titan Company Ltd belong to?
Titan Company Ltd is classified under the Consumer Discretionary sector, in the Consumer Durables industry.
What is the market capitalisation of Titan Company Ltd?
Titan Company Ltd has a market capitalisation of ₹4,39,632 Cr, which places it in the Large Cap band.
What is the PE ratio of Titan Company Ltd?
Titan Company Ltd trades at a PE ratio of 77.20, on earnings per share of ₹38.91, against a book value of ₹176.88 per share.
What is the 52-week high and low of Titan Company Ltd?
Over the last 52 weeks Titan Company Ltd has traded between ₹3,303.1 and ₹5,186.7.
Does Titan Company Ltd pay dividends?
Titan Company Ltd has a dividend yield of 0.30%.
What is the Return on Equity (ROE) of Titan Company Ltd?
Titan Company Ltd reported a return on equity of 32.31%. Its debt-to-equity ratio is 1.95.

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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