Titan Company Ltd.
•2026-08-20
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Jewellery: 90.4% • Watches: 6.0% • Others: 2.3% • Eyewear: 1.0% • Corporate (Unallocated): 0.3%
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 5.0
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | TITAN | 5050.40 | 77.84 | 448367.52 | 0.30 | 1777.00 | 62.88 | 21356.00 | 44.16 | 21.90 | 13.54 |
| 2. | KALYANKJIL | 602.00 | 43.33 | 62171.61 | 0.42 | 348.67 | 32.03 | 10588.93 | 45.68 | 28.40 | 5.97 |
| 3. | THANGAMAYL | 5491.85 | 0.00 | 17069.78 | 0.33 | 85.09 | 86.15 | 2666.38 | 71.44 | 26.62 | 5.43 |
| 4. | BLUESTONE | 821.05 | 222.69 | 12541.49 | 0.00 | 59.61 | 271.56 | 7368.46 | 1395.59 | 9.24 | 14.50 |
| 5. | SKYGOLD | 794.85 | 36.74 | 12310.15 | 0.00 | 104.90 | 140.67 | 2012.79 | 77.93 | 23.71 | 7.79 |
| 6. | PCJEWELLER | 9.63 | 12.12 | 9391.31 | 0.00 | 221.88 | 37.02 | 877.04 | 20.99 | 6.61 | 27.54 |
| 7. | SENCO | 336.75 | 9.67 | 5519.36 | 0.52 | 101.14 | -3.35 | 3056.03 | 67.34 | 22.86 | 6.97 |
| 8. | GOLDIAM | 362.15 | 25.86 | 5452.43 | 0.57 | 73.97 | 120.06 | 326.03 | 41.92 | 25.11 | 20.33 |
| 9. | VAIBHAVGBL | 223.25 | 13.14 | 3742.07 | 2.69 | 563.83 | 1398.27 | 9170.73 | 1026.99 | 18.41 | 10.55 |
| 10. | DPABHUSHAN | 1455.10 | 81.05 | 3321.69 | 0.00 | 9.65 | 16.55 | 439.67 | -25.50 | 34.36 | 4.35 |
| 11. | SHRINGARMS | 225.00 | 0.00 | 2169.72 | 0.00 | 34.00 | 19.26 | 548.49 | 64.90 | 31.85 | 8.92 |
| 12. | MOTISONS | 16.77 | 0.00 | 1907.60 | 0.00 | 11.05 | 37.58 | 107.33 | 23.29 | 14.54 | 15.23 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 114 | 124 | 136 | 159 | 120 | 122 | 128 | 116 | 105 | 112 | 151 | 184 | 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 |
| 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 | 10 | 12 | 9 | 8 | 8 | 12 | 10 | 12 | 13 | 19 | 13 | 2 | |
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 10,851
- 10,772
- Operating Profit
- —
- OPM %
- —
- Other Income
- 114
- Interest
- 109
- Depreciation
- 128
- 1,002
- Tax %
- 24.55%
- Net Profit
- 0
- 8
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 10,708
- 11,118
- Operating Profit
- —
- OPM %
- —
- Other Income
- 124
- Interest
- 140
- Depreciation
- 144
- 1,251
- Tax %
- 26.86%
- Net Profit
- 0
- 10
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,963
- 12,599
- Operating Profit
- —
- OPM %
- —
- Other Income
- 136
- Interest
- 169
- Depreciation
- 154
- 1,378
- Tax %
- 23.58%
- Net Profit
- 0
- 12
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 11,229
- 11,303
- Operating Profit
- —
- OPM %
- —
- Other Income
- 159
- Interest
- 201
- Depreciation
- 158
- 991
- Tax %
- 22.20%
- Net Profit
- 0
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 12,223
- 12,019
- Operating Profit
- —
- OPM %
- —
- Other Income
- 120
- Interest
- 230
- Depreciation
- 164
- 973
- Tax %
- 26.52%
- Net Profit
- 715
- 8
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,473
- 13,298
- Operating Profit
- —
- OPM %
- —
- Other Income
- 122
- Interest
- 240
- Depreciation
- 171
- 947
- Tax %
- 25.77%
- Net Profit
- 704
- 8
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 17,550
- 16,066
- Operating Profit
- —
- OPM %
- —
- Other Income
- 128
- Interest
- 231
- Depreciation
- 175
- 1,396
- Tax %
- 25.00%
- Net Profit
- 1,047
- 12
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,897
- 13,379
- Operating Profit
- —
- OPM %
- —
- Other Income
- 116
- Interest
- 252
- Depreciation
- 183
- 1,218
- Tax %
- 28.49%
- Net Profit
- 871
- 10
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,814
- 14,693
- Operating Profit
- —
- OPM %
- —
- Other Income
- 105
- Interest
- 271
- Depreciation
- 184
- 1,480
- Tax %
- 26.28%
- Net Profit
- 1,091
- 12
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 16,461
- 16,850
- Operating Profit
- —
- OPM %
- —
- Other Income
- 112
- Interest
- 277
- Depreciation
- 189
- 1,521
- Tax %
- 26.43%
- Net Profit
- 1,120
- 13
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 24,915
- 22,703
- Operating Profit
- —
- OPM %
- —
- Other Income
- 151
- Interest
- 282
- Depreciation
- 207
- 2,223
- Tax %
- 24.25%
- Net Profit
- 1,684
- 19
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 20,607
- 24,983
- Operating Profit
- —
- OPM %
- —
- Other Income
- 184
- Interest
- 350
- Depreciation
- 246
- 1,577
- Tax %
- 25.24%
- Net Profit
- 1,179
- 13
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 21,356
- 19,075
- Operating Profit
- —
- OPM %
- —
- Other Income
- 146
- Interest
- 353
- Depreciation
- 256
- 2,429
- Tax %
- 26.84%
- Net Profit
- 1,777
- 2
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 1,226 | 1,734 | 2,174 | 2,620 | 1,910 | 3,575 | 5,187 | 5,825 | 6,180 | 8,907 | — |
| OPM % | 9 | 11 | 11 | 12 | 9 | 12 | 13 | 11 | 10 | 10 | — |
| Other Income | 72 | 89 | 185 | 153 | 187 | 238 | 343 | 533 | 486 | 552 | 593 |
| 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 |
| 973 | 1,530 | 1,957 | 2,102 | 1,327 | 2,904 | 4,447 | 4,623 | 4,535 | 6,801 | 7,750 | |
| Tax % | 28 | 28 | 29 | 29 | 27 | 24 | 26 | 24 | 26 | 25 | 26 |
| Net Profit | 697 | 1,102 | 1,389 | 1,493 | 974 | 2,198 | 3,274 | 3,496 | 3,337 | 5,073 | 5,759 |
| EPS | 8 | 13 | 16 | 17 | 11 | 24 | 37 | 39 | 37 | 57 | — |
| Dividend Payout % | 32 | 29 | 32 | 24 | 37 | 31 | 27 | 28 | 29 | 26 | — |
| Minority Interest | 14 | 28 | 16 | 8 | -1 | -25 | -24 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Adjusted EPS | 8 | 13 | 16 | 17 | 11 | 24 | 37 | 39 | 37 | 57 | — |
| Minority Interest | 14 | 28 | 16 | 8 | -1 | -25 | -24 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Adjusted EPS | 8 | 13 | 16 | 17 | 11 | 24 | 37 | 39 | 37 | 57 | — |
- 13,261
- 12,107
- Operating Profit
- 1,226
- OPM %
- 9
- Other Income
- 72
- Interest
- 38
- Depreciation
- 111
- 973
- Tax %
- 28
- Net Profit
- 697
- EPS
- 8
- Dividend Payout %
- 32
- Minority Interest
- 14
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 14
- Share of Associates
- 0
- Adjusted EPS
- 8
- 16,120
- 14,475
- Operating Profit
- 1,734
- OPM %
- 11
- Other Income
- 89
- Interest
- 53
- Depreciation
- 131
- 1,530
- Tax %
- 28
- Net Profit
- 1,102
- EPS
- 13
- Dividend Payout %
- 29
- Minority Interest
- 28
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 28
- Share of Associates
- 0
- Adjusted EPS
- 13
- 19,779
- 17,789
- Operating Profit
- 2,174
- OPM %
- 11
- Other Income
- 185
- Interest
- 53
- Depreciation
- 163
- 1,957
- Tax %
- 29
- Net Profit
- 1,389
- EPS
- 16
- Dividend Payout %
- 32
- Minority Interest
- 16
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 16
- Share of Associates
- 0
- Adjusted EPS
- 16
- 21,052
- 18,585
- Operating Profit
- 2,620
- OPM %
- 12
- Other Income
- 153
- Interest
- 166
- Depreciation
- 348
- 2,102
- Tax %
- 29
- Net Profit
- 1,493
- EPS
- 17
- Dividend Payout %
- 24
- Minority Interest
- 8
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 8
- Share of Associates
- 0
- Adjusted EPS
- 17
- 21,644
- 19,921
- Operating Profit
- 1,910
- OPM %
- 9
- Other Income
- 187
- Interest
- 203
- Depreciation
- 375
- 1,327
- Tax %
- 27
- Net Profit
- 974
- EPS
- 11
- Dividend Payout %
- 37
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 11
- 28,799
- 25,462
- Operating Profit
- 3,575
- OPM %
- 12
- Other Income
- 238
- Interest
- 218
- Depreciation
- 399
- 2,904
- Tax %
- 24
- Net Profit
- 2,198
- EPS
- 24
- Dividend Payout %
- 31
- Minority Interest
- -25
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- -25
- Share of Associates
- 0
- Adjusted EPS
- 24
- 40,575
- 35,731
- Operating Profit
- 5,187
- OPM %
- 13
- Other Income
- 343
- Interest
- 300
- Depreciation
- 441
- 4,447
- Tax %
- 26
- Net Profit
- 3,274
- EPS
- 37
- Dividend Payout %
- 27
- Minority Interest
- -24
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- -24
- Share of Associates
- 0
- Adjusted EPS
- 37
- 51,084
- 45,792
- Operating Profit
- 5,825
- OPM %
- 11
- Other Income
- 533
- Interest
- 619
- Depreciation
- 584
- 4,623
- Tax %
- 24
- Net Profit
- 3,496
- EPS
- 39
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
- 60,456
- 54,762
- Operating Profit
- 6,180
- OPM %
- 10
- Other Income
- 486
- Interest
- 953
- Depreciation
- 693
- 4,535
- Tax %
- 26
- Net Profit
- 3,337
- EPS
- 37
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
- 87,584
- 79,229
- Operating Profit
- 8,907
- OPM %
- 10
- Other Income
- 552
- Interest
- 1,180
- Depreciation
- 826
- 6,801
- Tax %
- 25
- Net Profit
- 5,073
- EPS
- 57
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
- 83,339
- 83,611
- Operating Profit
- —
- OPM %
- —
- Other Income
- 593
- Interest
- 1,262
- Depreciation
- 898
- 7,750
- Tax %
- 26
- Net Profit
- 5,759
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 3
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 3
- Adjusted EPS
- —
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:
- 29%
- 5 Years:
- 22%
- 3 Years:
- 18%
- 1 Year:
- 42%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| 4,144 | 4,998 | 5,978 | 6,576 | 7,404 | 9,208 | 11,755 | 9,256 | 11,474 | 15,475 | |
| 1,882 | 1,691 | 2,353 | 2,291 | 4,366 | 5,907 | 7,492 | 9,702 | 17,311 | 26,862 | |
| Trade Payables | 783 | 878 | 906 | 596 | 789 | 1,294 | 1,214 | 1,410 | 1,963 | 2,864 |
| 1,506 | 1,832 | 2,316 | 3,839 | 3,699 | 4,509 | 6,315 | 10,906 | 9,640 | 15,098 | |
| Total Liabilities | 8,404 | 9,488 | 11,641 | 13,391 | 16,347 | 21,007 | 26,865 | 31,363 | 40,477 | 60,388 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 1,882 | 1,691 | 2,393 | 2,319 | 4,382 | 5,916 | 7,494 | 13,179 | 18,096 | 27,448 |
| Net Working Capital | 2,708 | 3,286 | 4,125 | 4,493 | 5,483 | 6,942 | 9,125 | 9,062 | 8,641 | 10,988 |
| Contingent Liabilities | 302 | 267 | 293 | 353 | 366 | 411 | 440 | 312 | 254 | 179 |
| Book Value per Share | 47.68 | 57.30 | 68.33 | 74.89 | 84.19 | 104.46 | 133.08 | 105.00 | 129.92 | 174.88 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 1,882 | 1,691 | 2,393 | 2,319 | 4,382 | 5,916 | 7,494 | 13,179 | 18,096 | 27,448 |
| Net Working Capital | 2,708 | 3,286 | 4,125 | 4,493 | 5,483 | 6,942 | 9,125 | 9,062 | 8,641 | 10,988 |
| Contingent Liabilities | 302 | 267 | 293 | 353 | 366 | 411 | 440 | 312 | 254 | 179 |
| Book Value per Share | 47.68 | 57.30 | 68.33 | 74.89 | 84.19 | 104.46 | 133.08 | 105.00 | 129.92 | 174.88 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
- Equity Capital
- 89
- 4,144
- 1,882
- Trade Payables
- 783
- 1,506
- Total Liabilities
- 8,404
- 1,178
- Capital Work in Progress
- 143
- 431
- 4,926
- 0
- Cash & Bank
- 779
- 948
- Total Assets
- 8,404
- Total Debt
- 1,882
- Net Working Capital
- 2,708
- Contingent Liabilities
- 302
- Book Value per Share
- 47.68
- Face Value
- 1.00
- Total Debt
- 1,882
- Net Working Capital
- 2,708
- Contingent Liabilities
- 302
- Book Value per Share
- 47.68
- Face Value
- 1.00
- Equity Capital
- 89
- 4,998
- 1,691
- Trade Payables
- 878
- 1,832
- Total Liabilities
- 9,488
- 1,451
- Capital Work in Progress
- 43
- 36
- 5,925
- 0
- Cash & Bank
- 618
- 1,415
- Total Assets
- 9,488
- Total Debt
- 1,691
- Net Working Capital
- 3,286
- Contingent Liabilities
- 267
- Book Value per Share
- 57.30
- Face Value
- 1.00
- Total Debt
- 1,691
- Net Working Capital
- 3,286
- Contingent Liabilities
- 267
- Book Value per Share
- 57.30
- Face Value
- 1.00
- Equity Capital
- 89
- 5,978
- 2,353
- Trade Payables
- 906
- 2,316
- Total Liabilities
- 11,641
- 1,543
- Capital Work in Progress
- 29
- 108
- 7,039
- 0
- Cash & Bank
- 1,066
- 1,856
- Total Assets
- 11,641
- Total Debt
- 2,393
- Net Working Capital
- 4,125
- Contingent Liabilities
- 293
- Book Value per Share
- 68.33
- Face Value
- 1.00
- Total Debt
- 2,393
- Net Working Capital
- 4,125
- Contingent Liabilities
- 293
- Book Value per Share
- 68.33
- Face Value
- 1.00
- Equity Capital
- 89
- 6,576
- 2,291
- Trade Payables
- 596
- 3,839
- Total Liabilities
- 13,391
- 2,609
- Capital Work in Progress
- 11
- 158
- 8,103
- 0
- Cash & Bank
- 381
- 2,129
- Total Assets
- 13,391
- Total Debt
- 2,319
- Net Working Capital
- 4,493
- Contingent Liabilities
- 353
- Book Value per Share
- 74.89
- Face Value
- 1.00
- Total Debt
- 2,319
- Net Working Capital
- 4,493
- Contingent Liabilities
- 353
- Book Value per Share
- 74.89
- Face Value
- 1.00
- Equity Capital
- 89
- 7,404
- 4,366
- Trade Payables
- 789
- 3,699
- Total Liabilities
- 16,347
- 2,499
- Capital Work in Progress
- 19
- 2,824
- 8,408
- 0
- Cash & Bank
- 560
- 2,037
- Total Assets
- 16,347
- Total Debt
- 4,382
- Net Working Capital
- 5,483
- Contingent Liabilities
- 366
- Book Value per Share
- 84.19
- Face Value
- 1.00
- Total Debt
- 4,382
- Net Working Capital
- 5,483
- Contingent Liabilities
- 366
- Book Value per Share
- 84.19
- Face Value
- 1.00
- Equity Capital
- 89
- 9,208
- 5,907
- Trade Payables
- 1,294
- 4,509
- Total Liabilities
- 21,007
- 2,543
- Capital Work in Progress
- 69
- 294
- 13,609
- 0
- Cash & Bank
- 1,573
- 2,919
- Total Assets
- 21,007
- Total Debt
- 5,916
- Net Working Capital
- 6,942
- Contingent Liabilities
- 411
- Book Value per Share
- 104.46
- Face Value
- 1.00
- Total Debt
- 5,916
- Net Working Capital
- 6,942
- Contingent Liabilities
- 411
- Book Value per Share
- 104.46
- Face Value
- 1.00
- Equity Capital
- 89
- 11,755
- 7,492
- Trade Payables
- 1,214
- 6,315
- Total Liabilities
- 26,865
- 2,997
- Capital Work in Progress
- 133
- 2,515
- 16,584
- 0
- Cash & Bank
- 1,343
- 3,293
- Total Assets
- 26,865
- Total Debt
- 7,494
- Net Working Capital
- 9,125
- Contingent Liabilities
- 440
- Book Value per Share
- 133.08
- Face Value
- 1.00
- Total Debt
- 7,494
- Net Working Capital
- 9,125
- Contingent Liabilities
- 440
- Book Value per Share
- 133.08
- Face Value
- 1.00
- Equity Capital
- 89
- 9,256
- 9,702
- Trade Payables
- 1,410
- 10,906
- Total Liabilities
- 31,363
- 3,708
- Capital Work in Progress
- 88
- 2,345
- 19,051
- 1,018
- Cash & Bank
- 1,526
- 3,627
- Total Assets
- 31,363
- Total Debt
- 13,179
- Net Working Capital
- 9,062
- Contingent Liabilities
- 312
- Book Value per Share
- 105.00
- Face Value
- 1.00
- Total Debt
- 13,179
- Net Working Capital
- 9,062
- Contingent Liabilities
- 312
- Book Value per Share
- 105.00
- Face Value
- 1.00
- Equity Capital
- 89
- 11,474
- 17,311
- Trade Payables
- 1,963
- 9,640
- Total Liabilities
- 40,477
- 4,061
- Capital Work in Progress
- 93
- 1,988
- 28,184
- 1,068
- Cash & Bank
- 1,584
- 3,499
- Total Assets
- 40,477
- Total Debt
- 18,096
- Net Working Capital
- 8,641
- Contingent Liabilities
- 254
- Book Value per Share
- 129.92
- Face Value
- 1.00
- Total Debt
- 18,096
- Net Working Capital
- 8,641
- Contingent Liabilities
- 254
- Book Value per Share
- 129.92
- Face Value
- 1.00
- Equity Capital
- 89
- 15,475
- 26,862
- Trade Payables
- 2,864
- 15,098
- Total Liabilities
- 60,388
- 6,742
- Capital Work in Progress
- 135
- 3,506
- 42,743
- 916
- Cash & Bank
- 1,917
- 4,429
- Total Assets
- 60,388
- Total Debt
- 27,448
- Net Working Capital
- 10,988
- Contingent Liabilities
- 179
- Book Value per Share
- 174.88
- Face Value
- 1.00
- Total Debt
- 27,448
- Net Working Capital
- 10,988
- Contingent Liabilities
- 179
- Book Value per Share
- 174.88
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,712 | -51 | 1,243 | -348 | 4,139 | -724 | 1,370 | 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 | |
| Free Cash Flow | 1,195 | -324 | 1,031 | -1,702 | 3,935 | -1,146 | 494 | 622 | -1,414 | 2,244 |
| OCF / Net Profit | 2.46 | -0.05 | 0.90 | -0.23 | 4.25 | -0.33 | 0.42 | 0.48 | -0.16 | 1.10 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,134 | 1,794 | 2,612 | 2,203 | 2,491 | 800 |
| OCF / Net Profit | 2.46 | -0.05 | 0.90 | -0.23 | 4.25 | -0.33 | 0.42 | 0.48 | -0.16 | 1.10 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,134 | 1,794 | 2,612 | 2,203 | 2,491 | 800 |
- 1,712
- Cash from Investing
- -984
- Cash from Financing
- -166
- 562
- Free Cash Flow
- 1,195
- OCF / Net Profit
- 2.46
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.46
- Cumulative 5-Year FCF
- 0
- -51
- Cash from Investing
- 96
- Cash from Financing
- -252
- -207
- Free Cash Flow
- -324
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 0
- 1,243
- Cash from Investing
- -798
- Cash from Financing
- -489
- -44
- Free Cash Flow
- 1,031
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 0
- -348
- Cash from Investing
- 235
- Cash from Financing
- -242
- -355
- Free Cash Flow
- -1,702
- OCF / Net Profit
- -0.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.23
- Cumulative 5-Year FCF
- 0
- 4,139
- Cash from Investing
- -2,801
- Cash from Financing
- -1,234
- 104
- Free Cash Flow
- 3,935
- OCF / Net Profit
- 4.25
- Cumulative 5-Year FCF
- 4,134
- OCF / Net Profit
- 4.25
- Cumulative 5-Year FCF
- 4,134
- -724
- Cash from Investing
- 1,164
- Cash from Financing
- -403
- 37
- Free Cash Flow
- -1,146
- OCF / Net Profit
- -0.33
- Cumulative 5-Year FCF
- 1,794
- OCF / Net Profit
- -0.33
- Cumulative 5-Year FCF
- 1,794
- 1,370
- Cash from Investing
- -1,811
- Cash from Financing
- 457
- 16
- Free Cash Flow
- 494
- OCF / Net Profit
- 0.42
- Cumulative 5-Year FCF
- 2,612
- OCF / Net Profit
- 0.42
- Cumulative 5-Year FCF
- 2,612
- 1,695
- Cash from Investing
- -189
- Cash from Financing
- -1,329
- 177
- Free Cash Flow
- 622
- OCF / Net Profit
- 0.48
- Cumulative 5-Year FCF
- 2,203
- OCF / Net Profit
- 0.48
- Cumulative 5-Year FCF
- 2,203
- -541
- Cash from Investing
- 546
- Cash from Financing
- -7
- -2
- Free Cash Flow
- -1,414
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- 2,491
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- 2,491
- 5,590
- Cash from Investing
- -2,934
- Cash from Financing
- -2,159
- 497
- Free Cash Flow
- 2,244
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 800
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 800
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.01 | 12.73 | 15.82 | 16.87 | 10.93 | 24.42 | 36.52 | 39.28 | 37.49 | 57.00 |
| Book Value (₹) | 47.68 | 57.30 | 68.33 | 74.89 | 84.19 | 104.46 | 133.08 | 105.00 | 129.92 | 174.88 |
| Dividend per Share (₹) | 2.60 | 3.75 | 5.00 | 4.00 | 4.00 | 7.50 | 10.00 | 11.00 | 11.00 | 15.00 |
| Cash EPS (₹) | 9.10 | 13.89 | 17.48 | 20.69 | 15.16 | 29.18 | 41.74 | 45.84 | 45.28 | 66.28 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 9.16% | 10.73% | 10.99% | 12.45% | 8.82% | 12.41% | 11.27% | 9.02% | 8.25% | 8.49% |
| Net Margin % | 5.21% | 6.82% | 7.02% | 7.09% | 4.50% | 7.63% | 7.11% | 5.96% | 4.84% | 5.15% |
| ROE % | 18.02% | 23.65% | 24.90% | 23.45% | 13.76% | 26.18% | 30.97% | 33.00% | 31.92% | 37.40% |
| ROCE % | 20.77% | 24.55% | 26.36% | 25.99% | 14.66% | 23.04% | 27.47% | 25.01% | 20.99% | 21.90% |
| 8.47% | 12.32% | 13.14% | 11.93% | 6.55% | 11.77% | 13.68% | 12.01% | 9.29% | 10.06% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 5 | 6 | 7 | 6 | 6 | 6 | 5 | 5 | 6 | 4 |
| Inventory Days | 128 | 123 | 120 | 131 | 139 | 140 | 120 | 111 | 125 | 131 |
| Payable Days | 47 | 26 | 23 | 18 | 15 | 18 | 15 | 12 | 13 | 13 |
| 87 | 102 | 104 | 120 | 130 | 128 | 110 | 104 | 117 | 123 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.44x | 0.33x | 0.39x | 0.35x | 0.58x | 0.64x | 0.63x | 1.41x | 1.56x | 1.76x |
| Interest Coverage (x) | 26.79x | 29.91x | 38.25x | 13.66x | 7.54x | 14.32x | 15.82x | 8.47x | 5.76x | 6.76x |
| 1.67x | 1.76x | 1.76x | 1.80x | 1.71x | 1.66x | 1.69x | 1.55x | 1.33x | 1.28x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 17.60% | 21.56% | 22.70% | 6.44% | 2.81% | 33.06% | 40.89% | 25.90% | 18.35% | 44.87% |
| Operating Profit Growth % | 21.55% | 41.40% | 25.43% | 20.49% | -27.10% | 87.17% | 45.09% | 12.30% | 6.09% | 44.13% |
| Net Profit Growth % | 3.07% | 58.03% | 26.02% | 7.51% | -34.76% | 125.67% | 48.95% | 6.78% | -4.55% | 52.02% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.57% | -4.55% | 52.02% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 96.86x | 81.71x | 69.34x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 36.24x | 23.58x | 22.60x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.29% | 0.36% | 0.38% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 60.13x | 46.79x | 42.36x |
- EPS (₹)
- 8.01
- Book Value (₹)
- 47.68
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 9.10
- Operating Margin %
- 9.16%
- Net Margin %
- 5.21%
- ROE %
- 18.02%
- ROCE %
- 20.77%
- 8.47%
- Debtor Days
- 5
- Inventory Days
- 128
- Payable Days
- 47
- 87
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 26.79x
- 1.67x
- Revenue Growth %
- 17.60%
- Operating Profit Growth %
- 21.55%
- Net Profit Growth %
- 3.07%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 12.73
- Book Value (₹)
- 57.30
- Dividend per Share (₹)
- 3.75
- Cash EPS (₹)
- 13.89
- Operating Margin %
- 10.73%
- Net Margin %
- 6.82%
- ROE %
- 23.65%
- ROCE %
- 24.55%
- 12.32%
- Debtor Days
- 6
- Inventory Days
- 123
- Payable Days
- 26
- 102
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 29.91x
- 1.76x
- Revenue Growth %
- 21.56%
- Operating Profit Growth %
- 41.40%
- Net Profit Growth %
- 58.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 15.82
- Book Value (₹)
- 68.33
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 17.48
- Operating Margin %
- 10.99%
- Net Margin %
- 7.02%
- ROE %
- 24.90%
- ROCE %
- 26.36%
- 13.14%
- Debtor Days
- 7
- Inventory Days
- 120
- Payable Days
- 23
- 104
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 38.25x
- 1.76x
- Revenue Growth %
- 22.70%
- Operating Profit Growth %
- 25.43%
- Net Profit Growth %
- 26.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 16.87
- Book Value (₹)
- 74.89
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 20.69
- Operating Margin %
- 12.45%
- Net Margin %
- 7.09%
- ROE %
- 23.45%
- ROCE %
- 25.99%
- 11.93%
- Debtor Days
- 6
- Inventory Days
- 131
- Payable Days
- 18
- 120
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 13.66x
- 1.80x
- Revenue Growth %
- 6.44%
- Operating Profit Growth %
- 20.49%
- Net Profit Growth %
- 7.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 10.93
- Book Value (₹)
- 84.19
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 15.16
- Operating Margin %
- 8.82%
- Net Margin %
- 4.50%
- ROE %
- 13.76%
- ROCE %
- 14.66%
- 6.55%
- Debtor Days
- 6
- Inventory Days
- 139
- Payable Days
- 15
- 130
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 7.54x
- 1.71x
- Revenue Growth %
- 2.81%
- Operating Profit Growth %
- -27.10%
- Net Profit Growth %
- -34.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 24.42
- Book Value (₹)
- 104.46
- Dividend per Share (₹)
- 7.50
- Cash EPS (₹)
- 29.18
- Operating Margin %
- 12.41%
- Net Margin %
- 7.63%
- ROE %
- 26.18%
- ROCE %
- 23.04%
- 11.77%
- Debtor Days
- 6
- Inventory Days
- 140
- Payable Days
- 18
- 128
- Debt to Equity (x)
- 0.64x
- Interest Coverage (x)
- 14.32x
- 1.66x
- Revenue Growth %
- 33.06%
- Operating Profit Growth %
- 87.17%
- Net Profit Growth %
- 125.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 36.52
- Book Value (₹)
- 133.08
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 41.74
- Operating Margin %
- 11.27%
- Net Margin %
- 7.11%
- ROE %
- 30.97%
- ROCE %
- 27.47%
- 13.68%
- Debtor Days
- 5
- Inventory Days
- 120
- Payable Days
- 15
- 110
- Debt to Equity (x)
- 0.63x
- Interest Coverage (x)
- 15.82x
- 1.69x
- Revenue Growth %
- 40.89%
- Operating Profit Growth %
- 45.09%
- Net Profit Growth %
- 48.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 39.28
- Book Value (₹)
- 105.00
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 45.84
- Operating Margin %
- 9.02%
- Net Margin %
- 5.96%
- ROE %
- 33.00%
- ROCE %
- 25.01%
- 12.01%
- Debtor Days
- 5
- Inventory Days
- 111
- Payable Days
- 12
- 104
- Debt to Equity (x)
- 1.41x
- Interest Coverage (x)
- 8.47x
- 1.55x
- Revenue Growth %
- 25.90%
- Operating Profit Growth %
- 12.30%
- Net Profit Growth %
- 6.78%
- 7.57%
- P/E (x)
- 96.86x
- P/B (x)
- 36.24x
- Dividend Yield %
- 0.29%
- 60.13x
- EPS (₹)
- 37.49
- Book Value (₹)
- 129.92
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 45.28
- Operating Margin %
- 8.25%
- Net Margin %
- 4.84%
- ROE %
- 31.92%
- ROCE %
- 20.99%
- 9.29%
- Debtor Days
- 6
- Inventory Days
- 125
- Payable Days
- 13
- 117
- Debt to Equity (x)
- 1.56x
- Interest Coverage (x)
- 5.76x
- 1.33x
- Revenue Growth %
- 18.35%
- Operating Profit Growth %
- 6.09%
- Net Profit Growth %
- -4.55%
- -4.55%
- P/E (x)
- 81.71x
- P/B (x)
- 23.58x
- Dividend Yield %
- 0.36%
- 46.79x
- EPS (₹)
- 57.00
- Book Value (₹)
- 174.88
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 66.28
- Operating Margin %
- 8.49%
- Net Margin %
- 5.15%
- ROE %
- 37.40%
- ROCE %
- 21.90%
- 10.06%
- Debtor Days
- 4
- Inventory Days
- 131
- Payable Days
- 13
- 123
- Debt to Equity (x)
- 1.76x
- Interest Coverage (x)
- 6.76x
- 1.28x
- Revenue Growth %
- 44.87%
- Operating Profit Growth %
- 44.13%
- Net Profit Growth %
- 52.02%
- 52.02%
- P/E (x)
- 69.34x
- P/B (x)
- 22.60x
- Dividend Yield %
- 0.38%
- 42.36x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - Titan Company Limited has informed the Exchange about Copy of Newspaper Publication
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Titan Company Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating
2026-08-04 - Titan Company Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-07-07 - Titan Company Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-05-29 - Titan Company Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026

