Titan Company Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Jewellery: 91.1% • Watches: 6.7% • Eyewear: 1.2% • Others: 0.7% • Corporate (Unallocated): 0.4%
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 6.6
* 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 | 5064.00 | 78.05 | 449574.91 | 0.30 | 1777.00 | 62.88 | 21356.00 | 44.16 | 21.90 | 13.54 |
| 2. | KALYANKJIL | 595.00 | 42.82 | 61448.68 | 0.42 | 348.67 | 32.03 | 10588.93 | 45.68 | 24.86 | 5.97 |
| 3. | THANGAMAYL | 5507.70 | 0.00 | 17119.04 | 0.33 | 85.09 | 86.15 | 2666.38 | 71.44 | 26.62 | 5.43 |
| 4. | BLUESTONE | 815.70 | 221.24 | 12459.77 | 0.00 | 59.61 | 271.56 | 7368.46 | 1395.59 | 9.24 | 14.50 |
| 5. | SKYGOLD | 778.10 | 35.97 | 12050.74 | 0.00 | 104.90 | 140.67 | 2012.79 | 77.93 | 23.71 | 7.79 |
| 6. | PCJEWELLER | 9.67 | 12.17 | 9430.31 | 0.00 | 221.88 | 37.02 | 877.04 | 20.99 | 6.61 | 27.54 |
| 7. | GOLDIAM | 362.80 | 25.90 | 5462.21 | 0.57 | 73.97 | 120.06 | 326.03 | 41.92 | 25.11 | 20.33 |
| 8. | SENCO | 331.65 | 9.52 | 5435.78 | 0.53 | 101.14 | -3.35 | 3056.03 | 67.34 | 22.86 | 6.97 |
| 9. | VAIBHAVGBL | 221.45 | 13.03 | 3711.89 | 2.71 | 563.83 | 1398.27 | 9170.73 | 1026.99 | 18.41 | 10.55 |
| 10. | DPABHUSHAN | 1467.25 | 81.73 | 3349.43 | 0.00 | 9.65 | 16.55 | 439.67 | -25.50 | 34.36 | 4.35 |
| 11. | SHRINGARMS | 224.95 | 0.00 | 2169.24 | 0.00 | 34.00 | 19.26 | 548.49 | 64.90 | 31.85 | 8.92 |
| 12. | MOTISONS | 16.58 | 0.00 | 1885.99 | 0.00 | 11.05 | 37.58 | 107.33 | 23.29 | 14.54 | 15.23 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 99 | 122 | 139 | 150 | 118 | 127 | 131 | 117 | 107 | 109 | 167 | 152 | 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 |
| 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 |
| 9 | 11 | 12 | 9 | 9 | 8 | 11 | 10 | 12 | 11 | 17 | 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% |
- 10,103
- 10,042
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 79
- Depreciation
- 99
- 1,024
- Tax %
- 24.12%
- Net Profit
- 777
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 9,903
- 10,305
- Operating Profit
- —
- OPM %
- —
- Other Income
- 122
- Interest
- 106
- Depreciation
- 110
- 1,261
- Tax %
- 25.46%
- Net Profit
- 940
- 11
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 12,912
- 11,595
- Operating Profit
- —
- OPM %
- —
- Other Income
- 139
- Interest
- 133
- Depreciation
- 118
- 1,345
- Tax %
- 22.68%
- Net Profit
- 1,040
- 12
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 10,047
- 10,148
- Operating Profit
- —
- OPM %
- —
- Other Income
- 150
- Interest
- 162
- Depreciation
- 120
- 977
- Tax %
- 19.55%
- Net Profit
- 786
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 11,105
- 10,842
- Operating Profit
- —
- OPM %
- —
- Other Income
- 118
- Interest
- 182
- Depreciation
- 126
- 1,021
- Tax %
- 24.58%
- Net Profit
- 770
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 12,268
- 12,082
- Operating Profit
- —
- OPM %
- —
- Other Income
- 127
- Interest
- 195
- Depreciation
- 132
- 933
- Tax %
- 24.44%
- Net Profit
- 705
- 8
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 16,053
- 14,587
- Operating Profit
- —
- OPM %
- —
- Other Income
- 131
- Interest
- 186
- Depreciation
- 135
- 1,320
- Tax %
- 25.00%
- Net Profit
- 990
- 11
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 12,581
- 12,039
- Operating Profit
- —
- OPM %
- —
- Other Income
- 117
- Interest
- 204
- Depreciation
- 144
- 1,207
- Tax %
- 27.92%
- Net Profit
- 870
- 10
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,040
- 12,932
- Operating Profit
- —
- OPM %
- —
- Other Income
- 107
- Interest
- 216
- Depreciation
- 143
- 1,380
- Tax %
- 25.36%
- Net Profit
- 1,030
- 12
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,501
- 14,914
- Operating Profit
- —
- OPM %
- —
- Other Income
- 109
- Interest
- 222
- Depreciation
- 146
- 1,361
- Tax %
- 26.08%
- Net Profit
- 1,006
- 11
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 22,113
- 20,186
- Operating Profit
- —
- OPM %
- —
- Other Income
- 167
- Interest
- 243
- Depreciation
- 151
- 1,971
- Tax %
- 25.42%
- Net Profit
- 1,470
- 17
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 17,730
- 22,219
- Operating Profit
- —
- OPM %
- —
- Other Income
- 152
- Interest
- 274
- Depreciation
- 156
- 1,486
- Tax %
- 24.36%
- Net Profit
- 1,124
- 13
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 18,101
- 15,961
- Operating Profit
- —
- OPM %
- —
- Other Income
- 141
- Interest
- 267
- Depreciation
- 157
- 2,281
- Tax %
- 25.52%
- Net Profit
- 1,699
- 2
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 1,260 | 1,820 | 2,181 | 2,564 | 1,882 | 3,525 | 5,069 | 5,534 | 5,785 | 7,838 | — |
| OPM % | 10 | 12 | 11 | 13 | 9 | 13 | 13 | 12 | 11 | 10 | — |
| Other Income | 65 | 86 | 182 | 146 | 181 | 264 | 358 | 512 | 513 | 539 | 569 |
| 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 |
| 1,033 | 1,571 | 1,927 | 2,105 | 1,233 | 2,932 | 4,465 | 4,607 | 4,481 | 6,198 | 7,099 | |
| Tax % | 26 | 26 | 29 | 28 | 29 | 26 | 25 | 23 | 26 | 25 | 25 |
| Net Profit | 762 | 1,163 | 1,374 | 1,517 | 877 | 2,180 | 3,333 | 3,544 | 3,335 | 4,630 | 5,299 |
| EPS | 9 | 13 | 15 | 17 | 10 | 25 | 38 | 40 | 37 | 52 | — |
| Dividend Payout % | 30 | 29 | 32 | 23 | 41 | 31 | 27 | 28 | 29 | 29 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 13 | 15 | 17 | 10 | 24 | 37 | 40 | 37 | 52 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 13 | 15 | 17 | 10 | 24 | 37 | 40 | 37 | 52 | — |
- 12,897
- 11,701
- Operating Profit
- 1,260
- OPM %
- 10
- Other Income
- 65
- Interest
- 37
- Depreciation
- 93
- 1,033
- Tax %
- 26
- Net Profit
- 762
- EPS
- 9
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- 15,621
- 13,888
- Operating Profit
- 1,820
- OPM %
- 12
- Other Income
- 86
- Interest
- 48
- Depreciation
- 110
- 1,571
- Tax %
- 26
- Net Profit
- 1,163
- EPS
- 13
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- 19,070
- 17,072
- Operating Profit
- 2,181
- OPM %
- 11
- Other Income
- 182
- Interest
- 44
- Depreciation
- 139
- 1,927
- Tax %
- 29
- Net Profit
- 1,374
- EPS
- 15
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- 20,010
- 17,592
- Operating Profit
- 2,564
- OPM %
- 13
- Other Income
- 146
- Interest
- 149
- Depreciation
- 310
- 2,105
- Tax %
- 28
- Net Profit
- 1,517
- EPS
- 17
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- 20,602
- 18,901
- Operating Profit
- 1,882
- OPM %
- 9
- Other Income
- 181
- Interest
- 181
- Depreciation
- 331
- 1,233
- Tax %
- 29
- Net Profit
- 877
- EPS
- 10
- Dividend Payout %
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- 27,210
- 23,949
- Operating Profit
- 3,525
- OPM %
- 13
- Other Income
- 264
- Interest
- 195
- Depreciation
- 347
- 2,932
- Tax %
- 26
- Net Profit
- 2,180
- EPS
- 25
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- 38,270
- 33,559
- Operating Profit
- 5,069
- OPM %
- 13
- Other Income
- 358
- Interest
- 240
- Depreciation
- 364
- 4,465
- Tax %
- 25
- Net Profit
- 3,333
- EPS
- 38
- Dividend Payout %
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
- 47,114
- 42,092
- Operating Profit
- 5,534
- OPM %
- 12
- Other Income
- 512
- Interest
- 480
- Depreciation
- 447
- 4,607
- Tax %
- 23
- Net Profit
- 3,544
- EPS
- 40
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
- 54,842
- 49,570
- Operating Profit
- 5,785
- OPM %
- 11
- Other Income
- 513
- Interest
- 767
- Depreciation
- 537
- 4,481
- Tax %
- 26
- Net Profit
- 3,335
- 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
- 77,554
- 70,255
- Operating Profit
- 7,838
- OPM %
- 10
- Other Income
- 539
- Interest
- 955
- Depreciation
- 596
- 6,198
- Tax %
- 25
- Net Profit
- 4,630
- EPS
- 52
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 52
- 72,445
- 73,280
- Operating Profit
- —
- OPM %
- —
- Other Income
- 569
- Interest
- 1,006
- Depreciation
- 610
- 7,099
- Tax %
- 25
- Net Profit
- 5,299
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 29%
- 5 Years:
- 22%
- 3 Years:
- 18%
- 1 Year:
- 41%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | 2,133 | 4,094 | 5,386 | 6,280 | 7,468 | 14,386 | 20,133 | |
| Trade Payables | 711 | 786 | 772 | 510 | 695 | 1,055 | 965 | 943 | 1,472 | 1,915 |
| 1,426 | 1,764 | 2,143 | 3,548 | 3,413 | 4,187 | 5,705 | 9,887 | 8,347 | 11,097 | |
| Total Liabilities | 8,315 | 9,348 | 11,385 | 13,016 | 15,755 | 20,001 | 24,944 | 32,709 | 40,950 | 53,488 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 1,867 | 1,604 | 2,288 | 2,133 | 4,094 | 5,386 | 6,280 | 10,747 | 14,946 | 20,553 |
| Net Working Capital | 2,795 | 3,179 | 3,916 | 4,290 | 5,308 | 6,820 | 9,165 | 9,331 | 8,799 | 11,374 |
| Contingent Liabilities | 301 | 266 | 382 | 393 | 779 | 1,038 | 1,306 | 1,659 | 251 | 177 |
| Book Value per Share | 48.57 | 58.50 | 69.63 | 76.69 | 84.87 | 105.31 | 134.76 | 161.92 | 188.15 | 228.57 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 1,867 | 1,604 | 2,288 | 2,133 | 4,094 | 5,386 | 6,280 | 10,747 | 14,946 | 20,553 |
| Net Working Capital | 2,795 | 3,179 | 3,916 | 4,290 | 5,308 | 6,820 | 9,165 | 9,331 | 8,799 | 11,374 |
| Contingent Liabilities | 301 | 266 | 382 | 393 | 779 | 1,038 | 1,306 | 1,659 | 251 | 177 |
| Book Value per Share | 48.57 | 58.50 | 69.63 | 76.69 | 84.87 | 105.31 | 134.76 | 161.92 | 188.15 | 228.57 |
| 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
- 4,223
- 1,867
- Trade Payables
- 711
- 1,426
- Total Liabilities
- 8,315
- 697
- Capital Work in Progress
- 140
- 886
- 4,806
- 0
- Cash & Bank
- 773
- 1,013
- Total Assets
- 8,315
- Total Debt
- 1,867
- Net Working Capital
- 2,795
- Contingent Liabilities
- 301
- Book Value per Share
- 48.57
- Face Value
- 1.00
- Total Debt
- 1,867
- Net Working Capital
- 2,795
- Contingent Liabilities
- 301
- Book Value per Share
- 48.57
- Face Value
- 1.00
- Equity Capital
- 89
- 5,105
- 1,604
- Trade Payables
- 786
- 1,764
- Total Liabilities
- 9,348
- 951
- Capital Work in Progress
- 41
- 734
- 5,749
- 0
- Cash & Bank
- 612
- 1,261
- Total Assets
- 9,348
- Total Debt
- 1,604
- Net Working Capital
- 3,179
- Contingent Liabilities
- 266
- Book Value per Share
- 58.50
- Face Value
- 1.00
- Total Debt
- 1,604
- Net Working Capital
- 3,179
- Contingent Liabilities
- 266
- Book Value per Share
- 58.50
- Face Value
- 1.00
- Equity Capital
- 89
- 6,093
- 2,288
- Trade Payables
- 772
- 2,143
- Total Liabilities
- 11,385
- 1,045
- Capital Work in Progress
- 25
- 876
- 6,719
- 0
- Cash & Bank
- 1,001
- 1,719
- Total Assets
- 11,385
- Total Debt
- 2,288
- Net Working Capital
- 3,916
- Contingent Liabilities
- 382
- Book Value per Share
- 69.63
- Face Value
- 1.00
- Total Debt
- 2,288
- Net Working Capital
- 3,916
- Contingent Liabilities
- 382
- Book Value per Share
- 69.63
- Face Value
- 1.00
- Equity Capital
- 89
- 6,736
- 2,133
- Trade Payables
- 510
- 3,548
- Total Liabilities
- 13,016
- 2,029
- Capital Work in Progress
- 11
- 983
- 7,741
- 0
- Cash & Bank
- 356
- 1,896
- Total Assets
- 13,016
- Total Debt
- 2,133
- Net Working Capital
- 4,290
- Contingent Liabilities
- 393
- Book Value per Share
- 76.69
- Face Value
- 1.00
- Total Debt
- 2,133
- Net Working Capital
- 4,290
- Contingent Liabilities
- 393
- Book Value per Share
- 76.69
- Face Value
- 1.00
- Equity Capital
- 89
- 7,464
- 4,094
- Trade Payables
- 695
- 3,413
- Total Liabilities
- 15,755
- 1,935
- Capital Work in Progress
- 17
- 3,512
- 7,984
- 0
- Cash & Bank
- 512
- 1,795
- Total Assets
- 15,755
- Total Debt
- 4,094
- Net Working Capital
- 5,308
- Contingent Liabilities
- 779
- Book Value per Share
- 84.87
- Face Value
- 1.00
- Total Debt
- 4,094
- Net Working Capital
- 5,308
- Contingent Liabilities
- 779
- Book Value per Share
- 84.87
- Face Value
- 1.00
- Equity Capital
- 89
- 9,284
- 5,386
- Trade Payables
- 1,055
- 4,187
- Total Liabilities
- 20,001
- 1,924
- Capital Work in Progress
- 60
- 884
- 12,787
- 0
- Cash & Bank
- 1,049
- 3,297
- Total Assets
- 20,001
- Total Debt
- 5,386
- Net Working Capital
- 6,820
- Contingent Liabilities
- 1,038
- Book Value per Share
- 105.31
- Face Value
- 1.00
- Total Debt
- 5,386
- Net Working Capital
- 6,820
- Contingent Liabilities
- 1,038
- Book Value per Share
- 105.31
- Face Value
- 1.00
- Equity Capital
- 89
- 11,905
- 6,280
- Trade Payables
- 965
- 5,705
- Total Liabilities
- 24,944
- 2,160
- Capital Work in Progress
- 117
- 3,259
- 14,952
- 0
- Cash & Bank
- 792
- 3,664
- Total Assets
- 24,944
- Total Debt
- 6,280
- Net Working Capital
- 9,165
- Contingent Liabilities
- 1,306
- Book Value per Share
- 134.76
- Face Value
- 1.00
- Total Debt
- 6,280
- Net Working Capital
- 9,165
- Contingent Liabilities
- 1,306
- Book Value per Share
- 134.76
- Face Value
- 1.00
- Equity Capital
- 89
- 14,322
- 7,468
- Trade Payables
- 943
- 9,887
- Total Liabilities
- 32,709
- 2,690
- Capital Work in Progress
- 81
- 7,813
- 16,874
- 937
- Cash & Bank
- 805
- 3,509
- Total Assets
- 32,709
- Total Debt
- 10,747
- Net Working Capital
- 9,331
- Contingent Liabilities
- 1,659
- Book Value per Share
- 161.92
- Face Value
- 1.00
- Total Debt
- 10,747
- Net Working Capital
- 9,331
- Contingent Liabilities
- 1,659
- Book Value per Share
- 161.92
- Face Value
- 1.00
- Equity Capital
- 89
- 16,656
- 14,386
- Trade Payables
- 1,472
- 8,347
- Total Liabilities
- 40,950
- 3,018
- Capital Work in Progress
- 86
- 7,723
- 24,517
- 984
- Cash & Bank
- 1,132
- 3,490
- Total Assets
- 40,950
- Total Debt
- 14,946
- Net Working Capital
- 8,799
- Contingent Liabilities
- 251
- Book Value per Share
- 188.15
- Face Value
- 1.00
- Total Debt
- 14,946
- Net Working Capital
- 8,799
- Contingent Liabilities
- 251
- Book Value per Share
- 188.15
- Face Value
- 1.00
- Equity Capital
- 89
- 20,254
- 20,133
- Trade Payables
- 1,915
- 11,097
- Total Liabilities
- 53,488
- 3,348
- Capital Work in Progress
- 63
- 9,032
- 34,980
- 892
- Cash & Bank
- 850
- 4,323
- Total Assets
- 53,488
- Total Debt
- 20,553
- Net Working Capital
- 11,374
- Contingent Liabilities
- 177
- Book Value per Share
- 228.57
- Face Value
- 1.00
- Total Debt
- 20,553
- Net Working Capital
- 11,374
- Contingent Liabilities
- 177
- Book Value per Share
- 228.57
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,768 | 299 | 1,249 | -289 | 4,101 | -1,126 | 1,810 | 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 | |
| Free Cash Flow | 1,613 | 63 | 1,054 | -1,533 | 3,916 | -1,442 | 1,229 | 1,242 | -903 | 4,096 |
| OCF / Net Profit | 2.32 | 0.26 | 0.91 | -0.19 | 4.68 | -0.52 | 0.54 | 0.57 | -0.05 | 1.05 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 5,114 | 2,059 | 3,225 | 3,412 | 4,042 | 4,222 |
| OCF / Net Profit | 2.32 | 0.26 | 0.91 | -0.19 | 4.68 | -0.52 | 0.54 | 0.57 | -0.05 | 1.05 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 5,114 | 2,059 | 3,225 | 3,412 | 4,042 | 4,222 |
- 1,768
- Cash from Investing
- -1,020
- Cash from Financing
- -154
- 594
- Free Cash Flow
- 1,613
- OCF / Net Profit
- 2.32
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.32
- Cumulative 5-Year FCF
- 0
- 299
- Cash from Investing
- -180
- Cash from Financing
- -325
- -207
- Free Cash Flow
- 63
- OCF / Net Profit
- 0.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.26
- Cumulative 5-Year FCF
- 0
- 1,249
- Cash from Investing
- -911
- Cash from Financing
- -442
- -104
- Free Cash Flow
- 1,054
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 0
- -289
- Cash from Investing
- 243
- Cash from Financing
- -268
- -314
- Free Cash Flow
- -1,533
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 0
- 4,101
- Cash from Investing
- -2,744
- Cash from Financing
- -1,260
- 97
- Free Cash Flow
- 3,916
- OCF / Net Profit
- 4.68
- Cumulative 5-Year FCF
- 5,114
- OCF / Net Profit
- 4.68
- Cumulative 5-Year FCF
- 5,114
- -1,126
- Cash from Investing
- 1,564
- Cash from Financing
- -468
- -30
- Free Cash Flow
- -1,442
- OCF / Net Profit
- -0.52
- Cumulative 5-Year FCF
- 2,059
- OCF / Net Profit
- -0.52
- Cumulative 5-Year FCF
- 2,059
- 1,810
- Cash from Investing
- -1,653
- Cash from Financing
- -155
- 2
- Free Cash Flow
- 1,229
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 3,225
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 3,225
- 2,030
- Cash from Investing
- -4,634
- Cash from Financing
- 2,757
- 153
- Free Cash Flow
- 1,242
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 3,412
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 3,412
- -170
- Cash from Investing
- 140
- Cash from Financing
- 1
- -29
- Free Cash Flow
- -903
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 4,042
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 4,042
- 4,865
- Cash from Investing
- -1,040
- Cash from Financing
- -3,912
- -87
- Free Cash Flow
- 4,096
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 4,222
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 4,222
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.58 | 13.10 | 15.48 | 17.04 | 9.85 | 24.49 | 37.45 | 39.82 | 37.47 | 52.02 |
| Book Value (₹) | 48.57 | 58.50 | 69.63 | 76.69 | 84.87 | 105.31 | 134.76 | 161.92 | 188.15 | 228.57 |
| 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 (₹) | 9.63 | 14.33 | 17.04 | 20.53 | 13.57 | 28.39 | 41.54 | 44.84 | 43.51 | 58.72 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 9.69% | 11.62% | 11.44% | 12.81% | 9.14% | 12.95% | 11.70% | 9.28% | 8.43% | 8.36% |
| Net Margin % | 5.86% | 7.43% | 7.21% | 7.58% | 4.26% | 8.01% | 7.69% | 6.55% | 5.33% | 5.30% |
| ROE % | 19.42% | 24.47% | 24.16% | 23.33% | 12.20% | 25.76% | 31.20% | 26.84% | 21.41% | 24.97% |
| ROCE % | 21.79% | 24.94% | 25.83% | 25.87% | 13.72% | 23.68% | 28.49% | 23.40% | 18.43% | 19.65% |
| 9.32% | 13.17% | 13.26% | 12.43% | 6.10% | 12.19% | 14.83% | 12.29% | 9.06% | 9.81% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 4 | 4 | 5 | 5 | 4 | 5 | 6 | 6 | 6 | 4 |
| Inventory Days | 129 | 123 | 119 | 132 | 139 | 139 | 117 | 107 | 121 | 124 |
| Payable Days | 46 | 24 | 20 | 16 | 14 | 15 | 13 | 9 | 10 | 10 |
| 87 | 103 | 104 | 121 | 130 | 129 | 110 | 104 | 116 | 118 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.43x | 0.31x | 0.37x | 0.31x | 0.54x | 0.57x | 0.52x | 0.75x | 0.89x | 1.01x |
| Interest Coverage (x) | 28.83x | 33.94x | 44.36x | 15.13x | 7.81x | 16.04x | 19.60x | 10.60x | 6.84x | 7.49x |
| 1.72x | 1.78x | 1.76x | 1.82x | 1.74x | 1.71x | 1.80x | 1.70x | 1.41x | 1.37x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 16.35% | 21.13% | 22.08% | 4.93% | 2.96% | 32.07% | 40.65% | 23.11% | 16.40% | 41.41% |
| Operating Profit Growth % | 23.81% | 44.41% | 19.84% | 17.58% | -26.60% | 87.30% | 43.80% | 9.17% | 4.54% | 35.49% |
| Net Profit Growth % | 9.22% | 52.64% | 18.19% | 10.38% | -42.19% | 148.57% | 52.89% | 6.33% | -5.90% | 38.83% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.33% | -5.90% | 38.83% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 95.55x | 81.76x | 75.97x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.50x | 16.28x | 17.29x |
| 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 | 62.99x | 49.52x | 47.39x |
- EPS (₹)
- 8.58
- Book Value (₹)
- 48.57
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 9.63
- Operating Margin %
- 9.69%
- Net Margin %
- 5.86%
- ROE %
- 19.42%
- ROCE %
- 21.79%
- 9.32%
- Debtor Days
- 4
- Inventory Days
- 129
- Payable Days
- 46
- 87
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 28.83x
- 1.72x
- Revenue Growth %
- 16.35%
- Operating Profit Growth %
- 23.81%
- Net Profit Growth %
- 9.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 13.10
- Book Value (₹)
- 58.50
- Dividend per Share (₹)
- 3.75
- Cash EPS (₹)
- 14.33
- Operating Margin %
- 11.62%
- Net Margin %
- 7.43%
- ROE %
- 24.47%
- ROCE %
- 24.94%
- 13.17%
- Debtor Days
- 4
- Inventory Days
- 123
- Payable Days
- 24
- 103
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 33.94x
- 1.78x
- Revenue Growth %
- 21.13%
- Operating Profit Growth %
- 44.41%
- Net Profit Growth %
- 52.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 15.48
- Book Value (₹)
- 69.63
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 17.04
- Operating Margin %
- 11.44%
- Net Margin %
- 7.21%
- ROE %
- 24.16%
- ROCE %
- 25.83%
- 13.26%
- Debtor Days
- 5
- Inventory Days
- 119
- Payable Days
- 20
- 104
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 44.36x
- 1.76x
- Revenue Growth %
- 22.08%
- Operating Profit Growth %
- 19.84%
- Net Profit Growth %
- 18.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 17.04
- Book Value (₹)
- 76.69
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 20.53
- Operating Margin %
- 12.81%
- Net Margin %
- 7.58%
- ROE %
- 23.33%
- ROCE %
- 25.87%
- 12.43%
- Debtor Days
- 5
- Inventory Days
- 132
- Payable Days
- 16
- 121
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 15.13x
- 1.82x
- Revenue Growth %
- 4.93%
- Operating Profit Growth %
- 17.58%
- Net Profit Growth %
- 10.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.85
- Book Value (₹)
- 84.87
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 13.57
- Operating Margin %
- 9.14%
- Net Margin %
- 4.26%
- ROE %
- 12.20%
- ROCE %
- 13.72%
- 6.10%
- Debtor Days
- 4
- Inventory Days
- 139
- Payable Days
- 14
- 130
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 7.81x
- 1.74x
- Revenue Growth %
- 2.96%
- Operating Profit Growth %
- -26.60%
- Net Profit Growth %
- -42.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 24.49
- Book Value (₹)
- 105.31
- Dividend per Share (₹)
- 7.50
- Cash EPS (₹)
- 28.39
- Operating Margin %
- 12.95%
- Net Margin %
- 8.01%
- ROE %
- 25.76%
- ROCE %
- 23.68%
- 12.19%
- Debtor Days
- 5
- Inventory Days
- 139
- Payable Days
- 15
- 129
- Debt to Equity (x)
- 0.57x
- Interest Coverage (x)
- 16.04x
- 1.71x
- Revenue Growth %
- 32.07%
- Operating Profit Growth %
- 87.30%
- Net Profit Growth %
- 148.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 37.45
- Book Value (₹)
- 134.76
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 41.54
- Operating Margin %
- 11.70%
- Net Margin %
- 7.69%
- ROE %
- 31.20%
- ROCE %
- 28.49%
- 14.83%
- Debtor Days
- 6
- Inventory Days
- 117
- Payable Days
- 13
- 110
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- 19.60x
- 1.80x
- Revenue Growth %
- 40.65%
- Operating Profit Growth %
- 43.80%
- Net Profit Growth %
- 52.89%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 39.82
- Book Value (₹)
- 161.92
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 44.84
- Operating Margin %
- 9.28%
- Net Margin %
- 6.55%
- ROE %
- 26.84%
- ROCE %
- 23.40%
- 12.29%
- Debtor Days
- 6
- Inventory Days
- 107
- Payable Days
- 9
- 104
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 10.60x
- 1.70x
- Revenue Growth %
- 23.11%
- Operating Profit Growth %
- 9.17%
- Net Profit Growth %
- 6.33%
- 6.33%
- P/E (x)
- 95.55x
- P/B (x)
- 23.50x
- Dividend Yield %
- 0.29%
- 62.99x
- EPS (₹)
- 37.47
- Book Value (₹)
- 188.15
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 43.51
- Operating Margin %
- 8.43%
- Net Margin %
- 5.33%
- ROE %
- 21.41%
- ROCE %
- 18.43%
- 9.06%
- Debtor Days
- 6
- Inventory Days
- 121
- Payable Days
- 10
- 116
- Debt to Equity (x)
- 0.89x
- Interest Coverage (x)
- 6.84x
- 1.41x
- Revenue Growth %
- 16.40%
- Operating Profit Growth %
- 4.54%
- Net Profit Growth %
- -5.90%
- -5.90%
- P/E (x)
- 81.76x
- P/B (x)
- 16.28x
- Dividend Yield %
- 0.36%
- 49.52x
- EPS (₹)
- 52.02
- Book Value (₹)
- 228.57
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 58.72
- Operating Margin %
- 8.36%
- Net Margin %
- 5.30%
- ROE %
- 24.97%
- ROCE %
- 19.65%
- 9.81%
- Debtor Days
- 4
- Inventory Days
- 124
- Payable Days
- 10
- 118
- Debt to Equity (x)
- 1.01x
- Interest Coverage (x)
- 7.49x
- 1.37x
- Revenue Growth %
- 41.41%
- Operating Profit Growth %
- 35.49%
- Net Profit Growth %
- 38.83%
- 38.83%
- P/E (x)
- 75.97x
- P/B (x)
- 17.29x
- Dividend Yield %
- 0.38%
- 47.39x
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

