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Titan Company

TITAN NSE
₹4,754.40 +192.40 (+4.22%)
P/E
73.27
View as Markdown
MCP
Close 4 Nov 2026 ₹4,754.40 +980.00 +26.0% 1Y
Start ₹3,774.40

Key Fundamentals

LargecapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
20.50%
Debt to Equity
1.95
EPS (TTM)
₹64.89
Book Value
₹176.88
Market Cap
—
P/E (TTM)
73.27
P/B
26.88
ROE
37.70%
Dividend Yield
0.33%
EBITDA
₹8,907 Cr
52W High
₹5,186.70
52W Low
₹3,736.00
Day Range
₹4,471.50 – ₹4,754.40
Volume
13,24,883

Peer Comparison

Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches

Titan peer comparison
Titan (this company)
₹4,754.4073.27₹4,08,204 Cr26.880.33%37.70%20.50%₹92,417 Cr₹5,760 Cr
Kalyan Jewellers
₹529.0538.06₹52,836 Cr8.660.49%24.80%21.20%₹39,063 Cr₹1,436 Cr
Lalithaa Jewellery Mart
₹366.0519.89₹20,211 Cr4.960.00%40.20%38.00%₹21,635 Cr₹922 Cr
PC Jeweller
₹15.8216.48₹14,560 Cr1.670.00%9.96%9.60%₹3,505 Cr₹775 Cr
Thangamayil Jewellery
₹4,285.9034.07₹14,306 Cr9.410.40%28.10%25.50%₹9,622 Cr₹392 Cr
Sky Gold & Diamonds
₹927.2042.85₹13,567 Cr10.220.23%28.90%26.90%₹7,176 Cr₹344 Cr
BlueStone Jewellery & Lifestyle
₹690.6599.80₹10,225 Cr5.750.00%1.11%6.78%₹2,912 Cr₹102 Cr
Median 7 companies₹690.6538.06₹14,560 Cr8.660.23%28.10%21.20%₹9,622 Cr₹775 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

46 Average

Data confidence 98/100

insider_selling

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
26
Poor
Cheap vs sector & own history 24% weight
Growth
98
Strong
Sales & profit trajectory 9% weight
Financial Health
30
Poor
Solvency, leverage, coverage 9% weight
Momentum
50
Average
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4213
OscillatorsBearish423
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
64.85
Neutral
MACD (12,26,9)
−37.74
Bullish
SMA (50)
4,719.15
Bullish
SMA (200)
4,449.93
Bullish

As of

Analyst Rating

Based on 35 analysts
BUY80%

28 of 35 analysts rate Buy, 5 Hold, 2 Sell.

As of

BUY
28
80%
HOLD
5
14%
SELL
2
6%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+22.75%
5Y+32.26%
3Y+29.24%
1Y+44.87%
TTM+45.05%

Net profit

Net profit growth by window
10Y+22.35%
5Y+39.10%
3Y+15.72%
1Y+52.02%
TTM+55.13%

Operating cash flow

Operating cash flow growth by window
10Y+25.52%
5Y+6.19%
3Y+59.80%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+1.21 pp
5Y+1.57 pp
3Y−2.49 pp
1Y+0.12 pp
TTM+0.34 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹13,261 Cr
Mar 2018₹16,120 Cr
Mar 2019₹19,779 Cr
Mar 2020₹21,052 Cr
Mar 2021₹21,644 Cr
Mar 2022₹28,799 Cr
Mar 2023₹40,575 Cr
Mar 2024₹51,084 Cr
Mar 2025₹60,456 Cr
Mar 2026₹87,584 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹697 Cr
Mar 2018₹1,102 Cr
Mar 2019₹1,389 Cr
Mar 2020₹1,493 Cr
Mar 2021₹974 Cr
Mar 2022₹2,198 Cr
Mar 2023₹3,274 Cr
Mar 2024₹3,496 Cr
Mar 2025₹3,337 Cr
Mar 2026₹5,073 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹2,327 Cr −5.8% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Titan Company Ltd trades at ₹4,562 as of 2026-11-03 with a market capitalisation of ₹3,96,352 crore. The company combines strong revenue growth (10-year compounded sales growth of 23%) and high return on equity (3-year ROE of 34%) with a premium valuation of 70.3x trailing earnings and 25.79x book value, placing it at a crossroads between demonstrated execution quality and stretched multiples.

Bull Case 8
  • TTM sales growth of 45% signals strong demand momentum and successful market share gains across segments
  • TTM profit growth of 57% outpaces revenue growth, indicating meaningful operating leverage and margin expansion
  • 10-year compounded sales growth of 23% reflects a durable structural growth franchise rather than a cyclical spike
  • Return on equity of 32.31% as of 2026-11-03 is well above cost of equity for most consumer goods companies, signalling efficient capital allocation
  • ROCE of 38.43% demonstrates the company earns high returns on total capital employed, supporting reinvestment-led compounding
  • 3-year ROE averaging 34% shows consistency in profitability rather than a one-off year of outperformance
  • Healthy dividend payout ratio of 27.9% balances shareholder returns with retention for growth funding
  • Stock is trading roughly 12% below its 52-week high of ₹5,186.70, suggesting some near-term price correction has already occurred
Bear Case 6
  • Price-to-book ratio of 25.79x implies the market is pricing in sustained high growth for many years, increasing downside risk if execution falters
  • Debt-to-equity ratio of 1.95 is notable for a consumer goods company and raises questions about balance sheet leverage and interest cost sensitivity
  • Dividend yield of just 0.34% offers negligible income support, meaning total returns depend almost entirely on continued capital appreciation
  • There are indications the company might be capitalising interest costs, which could flatter reported profitability and understate true operating expenses
  • 3-year stock CAGR of 10% lags the 3-year compounded profit growth of 17%, suggesting the market may have partially re-rated downward from even higher multiples
  • 5-year stock CAGR of 12% is well below the 5-year compounded sales growth of 32% and profit growth of 40%, indicating ongoing multiple compression risk at current valuations

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

AI News Digest

9h ago

TL;DR: Titan's fundamentals remain solid with 25% YoY consumer business growth in Q2FY27, 97% international growth, and aggressive retail expansion to 3,758 stores. The near-term headwind is a steep 8% monthly price decline, though the stock holds strong multi-year returns and is testing key technical support levels. Routine debt redemptions and a planned NCD issuance suggest normal treasury activity. The stock's trajectory hinges on whether the current trendline support around ₹4,070-₹4,300 holds to sustain the long-term bullish structure.

Headwinds 2
  • Sharp monthly decline of 8% Oct 20

    Titan shares fell 7.80-8.18% over the past month and 1.40% in the prior week, with the stock trading at ₹4,423.1 on Oct 20, down 0.49% intraday.

  • Negative six-month return Oct 20

    The stock posted a six-month return of -2.63%, and RSI at 44.95 indicates momentum has yet to turn decisively bullish.

Positives 3
  • Q2FY27 consumer biz up 25% Oct 6

    Titan reported approximately 25% YoY growth in consumer businesses for Q2FY27, with domestic operations up 22% and international operations surging 97% YoY.

  • Retail network up 78 stores Oct 6

    Titan added 78 net new stores in Q2FY27, expanding its total retail network to 3,758 locations including overseas operations.

  • Strong long-term returns Oct 20

    The stock has gained 18.38% over the past year, 35.45% over three years, and 83.47% over five years, with YTD returns of 9.26%.

Neutral 2
  • Board to consider NCD issuance Nov 2

    Titan's board meets Nov 5, 2026 to consider issuing unsecured Non-Convertible Debentures via private placement under Section 180 of the Companies Act, 2013.

  • ₹1,825 crore CPs fully redeemed Oct 19

    Titan redeemed commercial papers worth ₹1,000 crore on Oct 19 and ₹825 crore on Oct 8, both issued in July 2026, with all holders paid in full.

Quarterly Results

₹ Cr
TITAN quarterly results, ₹ crore
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
112
−1
235
146
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
1,521
2,223
1,576
2,427
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 (₹)
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

Profit & Loss

₹ Cr
TITAN profit and loss, annual, ₹ crore
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
486
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
4,534
6,800
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 (₹)
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%
—

Balance Sheet

₹ Cr
TITAN balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
TITAN cash flow, annual, ₹ crore
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

Ratios

TITAN financial ratios, annual
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

Log in to view Titan insights

65 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 52.90%
  • FIIs 16.37%
  • DIIs 14.42%
  • Public 14.33%
  • Others 1.98%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Titan Company

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.
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 Goods sector, in the Jewellery & Watches industry.
What is the PE ratio of Titan Company Ltd?
Titan Company Ltd trades at a PE ratio of 73.27 as of 4 Nov 2026, on earnings per share of ₹64.89, 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 ₹3,736 and ₹5,186.7 as of 4 Nov 2026.
Does Titan Company Ltd pay dividends?
Titan Company Ltd has a dividend yield of 0.33%.
What is the Return on Equity (ROE) of Titan Company Ltd?
Titan Company Ltd reported a return on equity of 37.70%. 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).

Website titancompany.in
CEO Mr. Ajoy Chawla B.E., PGDM
Employees 9,191
Listed 24 Sep 2004
Face Value ₹1

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