Titan Company Ltd.

•

titancompany.inBSE: 500114NSE: TITAN

Market Cap₹ 4,44,337 Cr.

Current Price

High / Low₹ 5,187 / 3,303

Stock P/E77.1

Book Value₹ 195

Price to Book22.60

Dividend Yield0.30 %

ROCE21.9 %

ROE37.4 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Jewellery: 90.4% • Watches: 6.0% • Others: 2.3%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 39.1% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 34.1%
Company has a healthy return on capital (ROCE) of 22.6%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 62.9% YoY, showing strong momentum
Company has delivered good sales growth of 32.3% CAGR over last 5 years

CONS

Company has a high debt-to-equity of 1.76x
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.57x)
Total debt has risen sharply - up 51.7% year on year
Stock is trading at 22.6x its book value
Growth is decelerating - 3Y profit CAGR (15.7%) trails the 5Y trend (39.1%)
Expensive relative to growth - PEG of 4.9

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY 50 NIFTYLARGEMIDCAP250 NIFTY100 LOWVOL30 NIFTY CONSUMPTION NIFTY100 EQL WGT

S.No.	Name
1.	TITAN	5005.00	77.14	444336.97	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	600.65	43.23	62032.19	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	338.50	18.76	18946.18	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5135.45	40.82	15962.02	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	890.30	241.52	13601.89	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.70	17.25	13360.42	0.00	221.88	37.02	877.04	20.99	9.68	27.54
7.	SKYGOLD	827.45	38.25	12815.04	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	886.85	24.27	8103.46	0.00	—	—	—	—	70.86	—
9.	SENCO	346.45	9.95	5678.35	0.51	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	324.65	23.18	4887.84	0.64	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	212.80	12.53	3570.14	2.82	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	TBZ	522.35	16.31	3485.67	0.48	33.92	50.76	840.97	34.78	23.29	8.60

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	10,851	10,708	13,963	11,229	12,223	13,473	17,550	13,897	14,814	16,461	24,915	20,607	21,356
	10,772	11,118	12,599	11,303	12,019	13,298	16,066	13,379	14,693	16,850	22,703	24,983	19,075
Operating Profit	79	-410	1,364	-74	204	175	1,484	518	121	-389	2,212	-4,376	2,281
OPM %	0.73%	-3.83%	9.77%	-0.66%	1.67%	1.30%	8.46%	3.73%	0.82%	-2.36%	8.88%	-21.24%	10.68%
	114	124	136	159	120	122	128	116	105	112	-1	236	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
Profit before Tax	1,002	1,251	1,378	991	973	947	1,396	1,218	1,480	1,521	2,223	1,577	2,429
Tax %	24.55%	26.86%	23.58%	22.20%	26.52%	25.77%	25.00%	28.49%	26.28%	26.43%	24.25%	25.24%	26.84%
Net Profit	0	0	0	0	715	704	1,047	871	1,091	1,120	1,684	1,179	1,777
	8.48	10.31	11.91	8.70	8.06	7.94	11.80	9.82	12.30	12.63	18.98	13.28	20.03

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	13,261	16,120	19,779	21,052	21,644	28,799	40,575	51,084	60,456	87,584	83,339
	12,107	14,475	17,789	18,585	19,921	25,462	35,731	45,792	54,762	79,229	83,611
Operating Profit	1,154	1,645	1,989	2,467	1,723	3,337	4,844	5,292	5,694	8,355	-272
OPM %	8.70%	10.20%	10.06%	11.72%	7.96%	11.59%	11.94%	10.36%	9.42%	9.54%	-0.33%
	-31	72	185	153	187	184	343	533	486	451	493
Interest	38	53	53	166	203	218	300	619	953	1,180	1,262
Depreciation	111	131	163	348	375	399	441	584	693	826	898
Profit before Tax	973	1,530	1,957	2,102	1,327	2,904	4,447	4,623	4,535	6,801	7,750
Tax %	28.36%	27.97%	29.04%	28.97%	26.60%	24.31%	26.38%	24.38%	26.42%	25.41%	25.69%
Net Profit	697	1,102	1,389	1,493	974	2,198	3,274	3,496	3,337	5,073	5,759
EPS	8.17	12.73	15.82	16.91	10.96	24.48	36.61	39.28	37.49	57.00	—
Dividend Payout %	32.44%	29.46%	31.61%	23.72%	36.59%	30.72%	27.38%	28.00%	29.34%	26.32%	—

COMPOUNDED SALES GROWTH

10 Years:: 23%
5 Years:: 32%
3 Years:: 29%

COMPOUNDED PROFIT GROWTH

10 Years:: 22%
5 Years:: 39%
3 Years:: 16%

STOCK PRICE CAGR

10 Years:: 28%
5 Years:: 20%
3 Years:: 16%
1 Year:: 40%

RETURN ON EQUITY

10 Years:: 26%
5 Years:: 32%
3 Years:: 34%
Last Year:: 37%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	89	89	89	89	89	89	89	89	89	89
Minority Interest	26	-2	14	4	5	30	53	0	0	0
	4,144	4,998	5,978	6,576	7,404	9,208	11,755	9,256	11,474	15,475
	1,882	1,692	2,386	3,368	5,438	7,052	9,104	15,053	20,240	31,552
Trade Payables	783	878	906	596	789	1,294	1,214	1,410	1,963	2,864
	1,480	1,833	2,269	2,758	2,622	3,334	4,650	5,555	6,711	10,408
Total Liabilities	8,404	9,488	11,641	13,391	16,347	21,007	26,865	31,363	40,477	60,388
	1,178	1,451	1,543	2,609	2,499	2,543	2,997	3,708	4,061	6,742
Capital Work in Progress	143	43	29	11	19	69	133	88	93	135
	431	36	108	158	2,824	294	2,515	2,345	1,988	3,506
	4,926	5,925	7,039	8,103	8,408	13,609	16,584	19,051	28,184	42,743
	0	0	0	0	0	0	0	1,018	1,068	916
Cash & Bank	779	618	1,066	381	560	1,573	1,343	1,526	1,584	1,917
	948	1,415	1,856	2,129	2,037	2,919	3,293	3,627	3,499	4,429
Total Assets	8,404	9,488	11,641	13,391	16,347	21,007	26,865	31,363	40,477	60,388

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,989	405	1,879	209	4,410	78	2,524	1,695	-541	5,590
Cash from Investing	-984	96	-798	235	-2,801	1,164	-1,811	-189	546	-2,934
Cash from Financing	-166	-252	-489	-242	-1,234	-403	457	-1,329	-7	-2,159
	562	-207	-44	-355	104	37	16	177	-2	497

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.90	52.90	52.90	52.90	52.90	52.90	52.90	52.90	52.90
	18.20	18.22	18.10	17.81	17.53	16.10	15.54	15.65	15.39
	10.68	11.28	11.36	12.00	12.58	13.98	14.82	14.83	15.14
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	18.03	17.42	17.45	17.11	16.78	16.84	16.56	16.42	16.39

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Credit Rating

2026-09-11 - Titan Company Limited has informed the Exchange about Credit Rating

2026-09-10

General Updates

2026-09-10 - Titan Company Limited has informed the Exchange about Redemption of Commercial Paper

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Titan Company Limited has informed the Exchange about Copy of Newspaper Publication for Special Window for transfer and dematerialisation (demat) of physical shares.

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Titan Company Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-07

Press Release

2026-09-07 - Titan Company Limited has informed the Exchange regarding a press release dated 0 ,

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - Titan Company Limited has informed the Exchange about Schedule of Analysts / Institutional Investors Meeting

2026-09-04

General Updates

2026-09-04 - Titan Company Limited has informed the Exchange about Redemption of Commercial Paper

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Titan Company Limited has informed the Exchange about Schedule of Analysts / Institutional Investors Meeting

2026-08-18

Copy of Newspaper Publication

2026-08-18 - Titan Company Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for TITAN

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Titan Company Ltd.

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Free 5nance Account

Name

TITAN

5005.00

77.14

444336.97

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

600.65

43.23

62032.19

0.42

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

338.50

18.76

18946.18

0.00

2082.17

—

60312.32

—

43.11

6.18

THANGAMAYL

5135.45

40.82

15962.02

0.35

85.09

86.15

2666.38

71.44

26.62

5.43

BLUESTONE

890.30

241.52

13601.89

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

PCJEWELLER

13.70

17.25

13360.42

0.00

221.88

37.02

877.04

20.99

9.68

27.54

SKYGOLD

827.45

38.25

12815.04

0.00

104.90

140.67

2012.79

77.93

27.61

7.79

AUGMONT

886.85

24.27

8103.46

0.00

—

70.86

—

SENCO

346.45

9.95

5678.35

0.51

101.14

-3.35

3056.03

67.34

22.86

6.97

GOLDIAM

324.65

23.18

4887.84

0.64

73.97

120.06

326.03

41.92

24.85

20.33

VAIBHAVGBL

212.80

12.53

3570.14

2.82

563.83

1398.27

9170.73

1026.99

18.41

10.55

TBZ

522.35

16.31

3485.67

0.48

33.92

50.76

840.97

34.78

23.29

8.60

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

10,851

10,708

13,963

11,229

12,223

13,473

17,550

13,897

14,814

16,461

24,915

20,607

21,356

10,772

11,118

12,599

11,303

12,019

13,298

16,066

13,379

14,693

16,850

22,703

24,983

19,075

Operating Profit

-410

1,364

-74

204

175

1,484

518

121

-389

2,212

-4,376

2,281

OPM %

0.73%

-3.83%

9.77%

-0.66%

1.67%

1.30%

8.46%

3.73%

0.82%

-2.36%

8.88%

-21.24%

10.68%

114

124

136

159

120

122

128

116

105

112

-1

236

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

Profit before Tax

1,002

1,251

1,378

991

973

947

1,396

1,218

1,480

1,521

2,223

1,577

2,429

Tax %

24.55%

26.86%

23.58%

22.20%

26.52%

25.77%

25.00%

28.49%

26.28%

26.43%

24.25%

25.24%

26.84%

Net Profit

715

704

1,047

871

1,091

1,120

1,684

1,179

1,777

8.48

10.31

11.91

8.70

8.06

7.94

11.80

9.82

12.30

12.63

18.98

13.28

20.03

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

13,261

16,120

19,779

21,052

21,644

28,799

40,575

51,084

60,456

87,584

83,339

12,107

14,475

17,789

18,585

19,921

25,462

35,731

45,792

54,762

79,229

83,611

Operating Profit

1,154

1,645

1,989

2,467

1,723

3,337

4,844

5,292

5,694

8,355

-272

OPM %

8.70%

10.20%

10.06%

11.72%

7.96%

11.59%

11.94%

10.36%

9.42%

9.54%

-0.33%

-31

185

153

187

184

343

533

486

451

493

Interest

166

203

218

300

619

953

1,180

1,262

Depreciation

111

131

163

348

375

399

441

584

693

826

898

Profit before Tax

973

1,530

1,957

2,102

1,327

2,904

4,447

4,623

4,535

6,801

7,750

Tax %

28.36%

27.97%

29.04%

28.97%

26.60%

24.31%

26.38%

24.38%

26.42%

25.41%

25.69%

Net Profit

697

1,102

1,389

1,493

974

2,198

3,274

3,496

3,337

5,073

5,759

EPS

8.17

12.73

15.82

16.91

10.96

24.48

36.61

39.28

37.49

57.00

—

Dividend Payout %

32.44%

29.46%

31.61%

23.72%

36.59%

30.72%

27.38%

28.00%

29.34%

26.32%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

-2

4,144

4,998

5,978

6,576

7,404

9,208

11,755

9,256

11,474

15,475

1,882

1,692

2,386

3,368

5,438

7,052

9,104

15,053

20,240

31,552

Trade Payables

783

878

906

596

789

1,294

1,214

1,410

1,963

2,864

1,480

1,833

2,269

2,758

2,622

3,334

4,650

5,555

6,711

10,408

Total Liabilities

8,404

9,488

11,641

13,391

16,347

21,007

26,865

31,363

40,477

60,388

1,178

1,451

1,543

2,609

2,499

2,543

2,997

3,708

4,061

6,742

Capital Work in Progress

143

133

135

431

108

158

2,824

294

2,515

2,345

1,988

3,506

4,926

5,925

7,039

8,103

8,408

13,609

16,584

19,051

28,184

42,743

1,018

1,068

916

Cash & Bank

779

618

1,066

381

560

1,573

1,343

1,526

1,584

1,917

948

1,415

1,856

2,129

2,037

2,919

3,293

3,627

3,499

4,429

Total Assets

8,404

9,488

11,641

13,391

16,347

21,007

26,865

31,363

40,477

60,388

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,989

405

1,879

209

4,410

2,524

1,695

-541

5,590

Cash from Investing

-984

-798

235

-2,801

1,164

-1,811

-189

546

-2,934

Cash from Financing

-166

-252

-489

-242

-1,234

-403

457

-1,329

-7

-2,159

562

-207

-44

-355

104

177

-2

497

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

52.90

18.20

18.22

18.10

17.81

17.53

16.10

15.54

15.65

15.39

10.68

11.28

11.36

12.00

12.58

13.98

14.82

14.83

15.14

Government

0.00

18.03

17.42

17.45

17.11

16.78

16.84

16.56

16.42

16.39

Titan Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Titan Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI