Titan Company Ltd.

•

titancompany.inBSE: 500114NSE: TITAN

Market Cap₹ 4,44,781 Cr.

Current Price

High / Low₹ 5,187 / 3,303

Stock P/E83.9

Book Value₹ 248

Price to Book17.29

Dividend Yield0.30 %

ROCE19.7 %

ROE25.0 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Jewellery: 91.1% • Watches: 6.7% • Eyewear: 1.2%

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 39.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%
Company has a healthy return on capital (ROCE) of 20.5%
Latest quarter profit grew 65.0% YoY, showing strong momentum
Company has delivered good sales growth of 30.4% CAGR over last 5 years

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.58x)
Stock is trading at 17.3x its book value
Total debt has risen sharply - up 37.5% year on year
Operating margins have contracted to 8.4% from 11.7%
Growth is decelerating - 3Y profit CAGR (11.6%) trails the 5Y trend (39.5%)
Expensive relative to growth - PEG of 7.2

* 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	5010.00	77.22	444780.87	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	615.60	44.30	63576.15	0.41	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	337.50	18.71	18890.21	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5073.10	40.32	15768.22	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	PCJEWELLER	13.83	17.41	13487.20	0.00	221.88	37.02	877.04	20.99	9.68	27.54
6.	BLUESTONE	854.95	231.93	13061.82	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
7.	SKYGOLD	830.40	38.39	12860.73	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	918.40	25.13	8391.74	0.00	—	—	—	—	70.86	—
9.	SENCO	350.05	10.05	5737.35	0.50	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	328.15	23.43	4940.53	0.63	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	216.05	12.72	3624.66	2.78	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	TBZ	497.50	15.53	3319.85	0.50	33.92	50.76	840.97	34.78	23.29	8.60

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	10,103	9,903	12,912	10,047	11,105	12,268	16,053	12,581	13,040	14,501	22,113	17,730	18,101
	10,042	10,305	11,595	10,148	10,842	12,082	14,587	12,039	12,932	14,914	20,186	22,219	15,961
Operating Profit	61	-402	1,317	-101	263	186	1,466	542	108	-413	1,927	-4,489	2,140
OPM %	0.60%	-4.06%	10.20%	-1.01%	2.37%	1.52%	9.13%	4.31%	0.83%	-2.85%	8.71%	-25.32%	11.82%
	99	122	139	150	118	127	131	117	107	109	29	201	141
Interest	79	106	133	162	182	195	186	204	216	222	243	274	267
Depreciation	99	110	118	120	126	132	135	144	143	146	151	156	157
Profit before Tax	1,024	1,261	1,345	977	1,021	933	1,320	1,207	1,380	1,361	1,971	1,486	2,281
Tax %	24.12%	25.46%	22.68%	19.55%	24.58%	24.44%	25.00%	27.92%	25.36%	26.08%	25.42%	24.36%	25.52%
Net Profit	777	940	1,040	786	770	705	990	870	1,030	1,006	1,470	1,124	1,699
	8.76	10.58	11.73	8.87	8.68	7.95	11.16	9.81	11.61	11.34	16.57	12.68	19.15

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	12,897	15,621	19,070	20,010	20,602	27,210	38,270	47,114	54,842	77,554	72,445
	11,701	13,888	17,072	17,592	18,901	23,949	33,559	42,092	49,570	70,255	73,280
Operating Profit	1,195	1,733	1,998	2,418	1,701	3,261	4,711	5,022	5,272	7,299	-835
OPM %	9.27%	11.10%	10.48%	12.08%	8.26%	11.98%	12.31%	10.66%	9.61%	9.41%	-1.15%
	-31	-5	112	146	44	213	358	512	513	450	480
Interest	37	48	44	149	181	195	240	480	767	955	1,006
Depreciation	93	110	139	310	331	347	364	447	537	596	610
Profit before Tax	1,033	1,571	1,927	2,105	1,233	2,932	4,465	4,607	4,481	6,198	7,099
Tax %	26.28%	25.97%	28.69%	27.93%	28.87%	25.65%	25.35%	23.07%	25.57%	25.30%	25.36%
Net Profit	762	1,163	1,374	1,517	877	2,180	3,333	3,544	3,335	4,630	5,299
EPS	8.58	13.10	15.48	17.09	9.88	24.56	37.54	39.82	37.47	52.02	—
Dividend Payout %	30.30%	28.63%	32.30%	23.47%	40.59%	30.62%	26.70%	27.62%	29.36%	28.83%	—

COMPOUNDED SALES GROWTH

10 Years:: 21%
5 Years:: 30%
3 Years:: 27%

COMPOUNDED PROFIT GROWTH

10 Years:: 21%
5 Years:: 39%
3 Years:: 12%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 23%
5 Years:: 26%
3 Years:: 24%
Last Year:: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	4,223	5,105	6,093	6,736	7,464	9,284	11,905	14,322	16,656	20,254
	1,867	1,604	2,288	3,100	5,065	6,412	7,639	12,273	16,749	22,275
Trade Payables	711	786	772	510	695	1,055	965	943	1,472	1,915
	1,426	1,764	2,143	2,581	2,442	3,161	4,346	5,082	5,984	8,955
Total Liabilities	8,315	9,348	11,385	13,016	15,755	20,001	24,944	32,709	40,950	53,488
	697	951	1,045	2,029	1,935	1,924	2,160	2,690	3,018	3,348
Capital Work in Progress	140	41	25	11	17	60	117	81	86	63
	886	734	876	983	3,512	884	3,259	7,813	7,723	9,032
	4,806	5,749	6,719	7,741	7,984	12,787	14,952	16,874	24,517	34,980
	0	0	0	0	0	0	0	937	984	892
Cash & Bank	773	612	1,001	356	512	1,049	792	805	1,132	850
	1,013	1,261	1,719	1,896	1,795	3,297	3,664	3,509	3,490	4,323
Total Assets	8,315	9,348	11,385	13,016	15,755	20,001	24,944	32,709	40,950	53,488

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,044	749	1,871	248	4,364	-330	2,952	2,030	-170	4,865
Cash from Investing	-1,020	-180	-911	243	-2,744	1,564	-1,653	-4,634	140	-1,040
Cash from Financing	-154	-325	-442	-268	-1,260	-468	-155	2,757	1	-3,912
	594	-207	-104	-314	97	-30	2	153	-29	-87

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

5010.00

77.22

444780.87

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

615.60

44.30

63576.15

0.41

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

337.50

18.71

18890.21

0.00

2082.17

—

60312.32

—

43.11

6.18

THANGAMAYL

5073.10

40.32

15768.22

0.35

85.09

86.15

2666.38

71.44

26.62

5.43

PCJEWELLER

13.83

17.41

13487.20

0.00

221.88

37.02

877.04

20.99

9.68

27.54

BLUESTONE

854.95

231.93

13061.82

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

SKYGOLD

830.40

38.39

12860.73

0.00

104.90

140.67

2012.79

77.93

27.61

7.79

AUGMONT

918.40

25.13

8391.74

0.00

—

70.86

—

SENCO

350.05

10.05

5737.35

0.50

101.14

-3.35

3056.03

67.34

22.86

6.97

GOLDIAM

328.15

23.43

4940.53

0.63

73.97

120.06

326.03

41.92

24.85

20.33

VAIBHAVGBL

216.05

12.72

3624.66

2.78

563.83

1398.27

9170.73

1026.99

18.41

10.55

TBZ

497.50

15.53

3319.85

0.50

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

10,103

9,903

12,912

10,047

11,105

12,268

16,053

12,581

13,040

14,501

22,113

17,730

18,101

10,042

10,305

11,595

10,148

10,842

12,082

14,587

12,039

12,932

14,914

20,186

22,219

15,961

Operating Profit

-402

1,317

-101

263

186

1,466

542

108

-413

1,927

-4,489

2,140

OPM %

0.60%

-4.06%

10.20%

-1.01%

2.37%

1.52%

9.13%

4.31%

0.83%

-2.85%

8.71%

-25.32%

11.82%

122

139

150

118

127

131

117

107

109

201

141

Interest

106

133

162

182

195

186

204

216

222

243

274

267

Depreciation

110

118

120

126

132

135

144

143

146

151

156

157

Profit before Tax

1,024

1,261

1,345

977

1,021

933

1,320

1,207

1,380

1,361

1,971

1,486

2,281

Tax %

24.12%

25.46%

22.68%

19.55%

24.58%

24.44%

25.00%

27.92%

25.36%

26.08%

25.42%

24.36%

25.52%

Net Profit

777

940

1,040

786

770

705

990

870

1,030

1,006

1,470

1,124

1,699

8.76

10.58

11.73

8.87

8.68

7.95

11.16

9.81

11.61

11.34

16.57

12.68

19.15

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

12,897

15,621

19,070

20,010

20,602

27,210

38,270

47,114

54,842

77,554

72,445

11,701

13,888

17,072

17,592

18,901

23,949

33,559

42,092

49,570

70,255

73,280

Operating Profit

1,195

1,733

1,998

2,418

1,701

3,261

4,711

5,022

5,272

7,299

-835

OPM %

9.27%

11.10%

10.48%

12.08%

8.26%

11.98%

12.31%

10.66%

9.61%

9.41%

-1.15%

-31

-5

112

146

213

358

512

513

450

480

Interest

149

181

195

240

480

767

955

1,006

Depreciation

110

139

310

331

347

364

447

537

596

610

Profit before Tax

1,033

1,571

1,927

2,105

1,233

2,932

4,465

4,607

4,481

6,198

7,099

Tax %

26.28%

25.97%

28.69%

27.93%

28.87%

25.65%

25.35%

23.07%

25.57%

25.30%

25.36%

Net Profit

762

1,163

1,374

1,517

877

2,180

3,333

3,544

3,335

4,630

5,299

EPS

8.58

13.10

15.48

17.09

9.88

24.56

37.54

39.82

37.47

52.02

—

Dividend Payout %

30.30%

28.63%

32.30%

23.47%

40.59%

30.62%

26.70%

27.62%

29.36%

28.83%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

4,223

5,105

6,093

6,736

7,464

9,284

11,905

14,322

16,656

20,254

1,867

1,604

2,288

3,100

5,065

6,412

7,639

12,273

16,749

22,275

Trade Payables

711

786

772

510

695

1,055

965

943

1,472

1,915

1,426

1,764

2,143

2,581

2,442

3,161

4,346

5,082

5,984

8,955

Total Liabilities

8,315

9,348

11,385

13,016

15,755

20,001

24,944

32,709

40,950

53,488

697

951

1,045

2,029

1,935

1,924

2,160

2,690

3,018

3,348

Capital Work in Progress

140

117

886

734

876

983

3,512

884

3,259

7,813

7,723

9,032

4,806

5,749

6,719

7,741

7,984

12,787

14,952

16,874

24,517

34,980

937

984

892

Cash & Bank

773

612

1,001

356

512

1,049

792

805

1,132

850

1,013

1,261

1,719

1,896

1,795

3,297

3,664

3,509

3,490

4,323

Total Assets

8,315

9,348

11,385

13,016

15,755

20,001

24,944

32,709

40,950

53,488

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

2,044

749

1,871

248

4,364

-330

2,952

2,030

-170

4,865

Cash from Investing

-1,020

-180

-911

243

-2,744

1,564

-1,653

-4,634

140

-1,040

Cash from Financing

-154

-325

-442

-268

-1,260

-468

-155

2,757

-3,912

594

-207

-104

-314

-30

153

-29

-87

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

Sign in to Chat with AI

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