SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Titan Company Ltd (TITAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500114 NSE: TITAN Diamond & Jewellery | Large Cap | Titan Co Share Price

₹4,226.95 140.35 (3.43%)

As on 04-Jun'26 16:59

Titan Company Ltd (TITAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500114 NSE: TITAN Diamond & Jewellery | Large Cap | Titan Co Share Price

₹4,226.95 140.35 (3.43%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,75,263 Cr.
Current Price
₹4,227
52-Week Low / High
₹3,301 / 4,601
TTM EPS
₹52.2
TTM Sales
₹67,384 Cr.
Book Value per Share
₹230.8
P/E Ratio
81.05
Lower than its 5-year historical median
Industry PE
52.1
Price to Book (P/B)
18.32
Lower than its 5-year historical median
Price to Sales (P/S)
5.57
Lower than its 5-year historical median
EV/EBITDA
48.56
Lower than its 5-year historical median
Dividend Yield
0.36%
Profitability Efficiency
Return on Equity (ROE)
21.41%
Underperforms industry median
Return on Capital Employed (ROCE)
18.43%
Underperforms industry median
Return on Assets (ROA)
9.06%
Operating Profit Margin
9.6%
Net Profit Margin
6.08%
Gross Profit Margin
8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
16.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
4.98%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.9%
Asset Quality
Promoter Holding
52.90%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹20,398 Cr.
Equity
₹88.8 Cr.
Face Value
₹1
All Time Low / High
₹1.17 / 4601.10

Titan Company stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Titan Company Ltd a good quality company?
Titan Company Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Titan Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Titan Company Ltd vs industry peers?
Titan Company Ltd revenue CAGR is 22.34%, compared to the industry median CAGR of 22.34%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Titan Company Ltd?
Promoters hold 52.90% of the Titan Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Titan Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 27.3% based on the current price.

DeciZen - make an informed investing decision on Titan Co

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Titan Company Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 27.2%21.8%24.9%25.8%25.9%13.7%23.7%28.5%23.4%18.4%-
Value Creation
Index
1.40.91.21.31.30.21.11.51.10.6-

Growth Parameters

Sales 11,08412,89715,62119,07020,01020,60227,21038,27047,11454,84267,384
Sales YoY Gr.-16.4%21.1%22.1%4.9%3%32.1%40.7%23.1%16.4%-
Adj EPS 7.99.513.917.217.11125.137.839.937.752.2
YoY Gr.-19.8%46.7%24.2%-0.7%-35.8%129%50.3%5.8%-5.5%-
BVPS (₹) 39.848.658.569.676.784.9105.3134.8161.9188.2230.8
Adj Net
Profit
7018391,2301,5281,5179742,2303,3533,5453,3494,630
Cash Flow from Ops. 5671,7682991,249-2894,101-1,1261,8102,030-170-
Debt/CF from Ops. 0.21.15.41.8-7.41-4.83.55.3-87.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 19.4%22.3%26.3%16.4%
Adj EPS 19%17.2%14.5%-5.5%
BVPS18.8%19.7%21.3%16.2%
Share Price 28.1% 20.3% 14% 20.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
21.221.425.926.923.313.526.431.426.821.424.9
Op. Profit
Mgn %
8.49.411.111.312.18.312.112.410.79.710.8
Net Profit
Mgn %
6.36.57.987.64.78.28.87.56.16.9
Debt to
Equity
00.40.30.40.30.50.60.50.80.90
Working Cap
Days
197181149147164171173146135147116
Cash Conv.
Cycle
779510810812413213311210611829

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales11,08412,89715,62119,07020,01020,60227,21038,27047,11454,842
Operating Expenses + 10,16411,70113,88817,07217,59218,90123,94933,55942,09249,570
Manufacturing Costs194173203226309901207256309344
Material Costs8,1529,30611,33413,98714,51215,76920,65829,04636,94243,740
Employee Cost 6236967628791,0409111,1431,3621,5031,717
Other Costs 1,1951,5271,5891,9801,7311,3201,9412,8953,3383,769
Operating Profit 9201,1951,7331,9982,4181,7013,2614,7115,0225,272
Operating Profit Margin (%) 8.3%9.3%11.1%10.5%12.1%8.3%12.0%12.3%10.7%9.6%
Other Income + 976586182146181264358512513
Exceptional Items 0-96-92-700-137-51000
Interest 42374844149181195240480767
Depreciation 8793110139310331347364447537
Profit Before Tax 8881,0331,5711,9272,1051,2332,9324,4654,6074,481
Tax 1912724085535883567521,1321,0631,146
Profit After Tax 6987621,1631,3741,5178772,1803,3333,5443,335
PAT Margin (%) 6.3%5.9%7.4%7.2%7.6%4.3%8.0%8.7%7.5%6.1%
Adjusted EPS (₹)7.98.613.115.517.09.924.537.539.837.5
Dividend Payout Ratio (%)28%30.30%28.60%32.30%23.50%40.60%30.60%26.70%27.60%29.40%

Valuation of Titan Co - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3,5354,3125,1946,1826,8257,5539,37311,99414,41116,745
Share Capital 89898989898989898989
Reserves 3,4464,2235,1056,0936,7367,4649,28411,90514,32216,656
Debt +1131,8671,6042,2882,1334,0945,3866,28010,60712,228
Long Term Debt000000003,139420
Short Term Debt1131,8671,6042,2882,1334,0945,3866,2807,46811,808
Minority Interest0000000000
Trade Payables1,6297117867725106951,0559659431,472
Others Liabilities 2,7521,4261,7642,1433,5483,4134,1875,7056,74810,505
Total Liabilities 8,0298,3159,34811,38513,01615,75520,00124,94432,70940,950

Fixed Assets

Net Fixed Assets +6546979511,0452,0291,9351,9242,1602,6903,018
Gross Block7158071,1421,3522,6102,7893,0623,5864,4105,138
Accumulated Depreciation601101913075818541,1381,4261,7202,120
CWIP 7714841261425711278794
Investments 808867348769833,5128843,2597,8137,723
Inventories4,3824,8065,7496,7197,7417,98412,78714,95216,87424,517
Trade Receivables135115193358214291495908937984
Cash Equivalents 1127736121,0013565121,0497928051,132
Others Assets 2,5898901,0681,3601,6791,4962,7912,7463,5033,482
Total Assets 8,0298,3159,34811,38513,01615,75520,00124,94432,70940,950

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 5671,7682991,249-2894,101-1,1261,8102,030-170
PBT 8881,0331,5711,9272,1051,2332,9324,4654,6074,481
Adjustment 7783154252320486292349509877
Changes in Working Capital -196927-976-309-21772645-3554-1862-1946-4506
Tax Paid -203-275-450-622-537-263-796-1,142-1,140-1,022
Cash Flow From Investing Activity + -151-1,020-180-911243-2,7441,564-1,653-4,634140
Capex -214-200-261-225-302-104-167-278-520-370
Net Investments 8-433349-524358-2,6622,147-1,82249923
Others 55-388-269-16218722-416447-4,613487
Cash Flow From Financing Activity + -505-154-325-442-268-1,260-468-1552,7571
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000003,1390
Interest Paid -42-37-48-44-149-181-195-240-480-631
Dividend Paid -394-4-230-329-445-355-355-666-888-976
Others -68-113-47-68326-724827519861,608
Net Cash Flow -89594-207-104-31497-302153-29

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.0519.4224.4724.1623.3312.225.7631.226.8421.41
ROCE (%)27.2121.7924.9425.8325.8713.7223.6828.4923.418.43
Asset Turnover Ratio1.61.591.771.841.641.431.521.931.881.7
PAT to CFO Conversion(x)0.812.320.260.91-0.194.68-0.520.540.57-0.05
Working Capital Days
Receivable Days5.303.503.605.305.204.505.305.906.205.60
Inventory Days138.50129123.10119.30131.90139.30139.30116.80107.30120.80
Payable Days79.9045.9024.1020.3016.101415.5012.709.4010.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Titan Company Ltd FAQs

The current trading price of Titan Co on 04-Jun-2026 16:59 is ₹4,227.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Titan Co stood at ₹3,75,262.8 Cr

The latest P/E ratio of Titan Co as of 03-Jun-2026 is 81.05.

The latest P/B ratio of Titan Co as of 03-Jun-2026 is 18.32.

The 52-week high of Titan Co is ₹4,601.1 and the 52-week low is ₹3,301.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Titan Co is ₹67,384 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Titan Company Ltd is a good quality company.

The key valuation ratios of Titan Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Titan Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Titan Company Ltd

Titan Company Ltd. (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1984 under the name Titan Watches Limited. Titan is the fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories. Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail. The Company continues to grow and set new standards for innovation and quality with each new offering.

Business area of the company

Titan Company Limited is engaged in offering watches, jewelry, Eyewear and others.

Products and Services

Watches & Accessories

Through the years, Titan has maintained its strong foothold in the watch market with the introduction of impeccably crafted collections made for the discerning customer. The Watch Products division is where the Titan story began. Today, this division has placed Titan Company among the world's largest retail networks and earned the company the place of fifth largest integrated watch manufacturer in the world. The division continues to add world-class brands to the company's portfolio.

Jewellery

In this segment its brand Tanishq has wide range of diamond, gold and platinum jewellery. Tanishq started its journey in 1994, challenging the established family jeweller system prevalent in India with the launch of 18K gold watches studded with precious stones. Over the years, it has evolved into one of the finest jewellery brands, synonymous with exquisite craftsmanship and superlative quality. Offering traditional and modern statement pieces in gold, diamond and platinum, Tanishq offers an experience nonpareil, taking into consideration every customer’s unique needs and preferences.

Titan Eyewear

The third major venture of consumer business by Titan Company, Titan Eye+ redefined the way the organized optical retail market in India operates. It offers products a world class optical retail experience which not only showcases the best in contemporary design & style but also unsurpassed optical expertise thanks to the technical collaboration with Sankara Nethralaya, India's premier eye care institute. Through pioneering concepts such as the open touch-feel-browse format, complete transparency in pricing, contemporary styles, free insurance on spectacles backed by quality & trust that customers have come to expect from the House of Tata, Titan Eye+. It has recently introduced the remote online eye testing facility.

New Business Division

Taneira - With the aim to revive one of the oldest occupations in its country - handloom weaving, Titan launched its youngest brand, Taneira in January 2017. After travelling across the length and breadth of India, Taneira brings together some of the most exquisite collection of handlooms like Mugas from Assam, cottons from Chettinad, Tussars from Bhagalpur, Ikats from Gujarat, Andhra and Orissa, Jamdhanis from Bengal, Chikankari work from Lucknow, exotic Banarasi silks, exquisite Kanjeevarams, heirloom pieces like Patan Patolas, Muslin Jamdhanis and so on.

SKINN - With the combination of the best international fragrance expertise and one of India’s most trusted brands; SKINN Titan redefines the Indian fragrance industry with its product offering. Assuring the highest quality and bearing the hallmark of Titan, the SKINN range is specially crafted by blending exotic yet contemporary notes that are native to rarest and finest of the ingredients sourced from myriad locations across the world.

Brands of the company

  • Titan 
  • Fastrack 
  • Sonata 
  • Zoop 
  • Octane
  • Xylys 
  • Helios 
  • Titan Raga 
  • Favre-Leuba 
  • Nebula 
  • SF 
  • Tanishq 
  • Mia 
  • Zoya 
  • CaratLane 
  • Titan EyePlus

Awards

  • Titan received the AWAAZ Consumer Award 2006, in the Consumer Durable Category as the Most Preferred Watch of the consumers.
  • Tanishq won the 'Best Store Experience' award from the Platinum Guild International, London.
  • Sonata wins the ‘Best Brand Launch of the Year’ at the ‘Brand Equity Marketing Awards’.
  • Tanishq received the ‘Red Dot: Best of the Best’ award for innovative laser cut tube jewellery. Red Dot is the most prestigious and coveted award in the world in the field of Product Design and the ‘Red Dot: Best of the Best’ is the highest award in the competition and is awarded for groundbreaking design innovation.
  • Tanishq Rivaah wins Gold in Effie Awards 2019.
  • Tanishq received the ‘World Branding Award’ in London at Kensington Palace. Tanishq was the only brand selected from India.
  • Tanishq wins ‘Excellence in customer service and sales process initiative’ at the ‘Retail Jewellers Guild Awards’.
  • Titan EyePlus felicitated by NASSCOM in the Special Category – ‘Best use of technology by an enterprise for Excellent Customer Service’.
  • Titan EyePlus wins Bronze in the prestigious ACEF Asian Leadership Awards.
  • Titan EyePlus won at the ‘International Customer Experience Awards’ in ‘Best Customer Experience Strategy’ category, hosted by CXInternational in Amsterdam and judged by 84 CEOs and global customer experience specialists. Jury was impressed with the brand’s transforming NPS.
  • Titan Company accredited ‘Best Employer Award’ by Tamil Nadu Government under the category of ‘Employing most number of differently-abled personnel.’
  • Titan manufacturing units won multiple Health & Safety awards from ‘National Safety Council’.
  • Titan Watches e-commerce bags 3 awards at Digies 2019.
  • Titan won ‘Design Honour’ award for the project Raga Masaba at the Tata Innovista Finals.
  • Titan Watches e-commerce bags DMA ASIA ECHO Awards 2019 in the ‘Best Customer Acquisition Campaign’category.
  • Titan Watches wins the Brand Equity Shark Awards.
  • Titan’s Encircle program wins in Loyalty Program category in Future of Retail Awards 2019.
  • Titan Company wins the R K Swamy High Performance Brand Award by AIMA.
  • Tanishq wins at Global Marketing Excellence Awards 2019 in the outdoor category for Outdoor and Location Based Marketing.
  • Tanishq wins at the Great Lifestyle Brands Awards; Smarties 2019 India; Maddies Mobile Awards 2019; Sammies 2019.
  • World of Titan wins ‘Customer Service Excellence’ and ‘Retail Store of Year – Merchandising’ awards in Future of Retail Awards 2019.
  • Titan EyePlus wins Bronze in the prestigious ACEF Asian Leadership Awards.

Milestones

1986

  • The company’s production commenced in 1986 and March, 1987 saw the launch of the brand Titan. It sprung to instant claim with the analogue electronic Quartz watches bringing in a paradigm shift to the Indian watch market. This paved way for further extension to bracelets, cases, electronic circuitry and step motors.

1996

  • The brand Tanishq was launched in 1996.

2003-2007 

  • Fastrack - the fun and youthful brand of watches and accessories, and accessories line in 2003; Precision Engineering in 2005, and the Titan Eyewear Division in 2007 - a project of prescription eyewear, complete with specialized outlets, catering to customers’ every need. 

2011

  • Titan launched Mia, a stunning range of fine, urban chic, affordable jewellery crafted for working women.

2013

  • saw Titan penetrating the perfume market by launching SKINN, redefining the Indian fragrance industry by assuring the highest quality and bearing the hallmark of Titan.

2014 

  • Titan Company has entered into a Joint Venture agreement with Montblanc Services B.V. Netherlands for establishing operations in India for carrying on single brand retail trade.
  • Titan Company Ltd which is engaged in manufacturing of watches/accessories, jewelry, precision engineering and eyewear stated that their jewellery division has launched first Karigar centre for jewellery manufacturing in Hosur.

2015 

  • Titan Company Ltd - Titan adds one more feather to its Manufacturing Excellence: Commences World Class Stainless Steel Case production in Coimbatore
  • Maison Montblanc has entered into a partnership with Titan Company Ltd.
  • Titan Company Ltd and HP has entered into a partnership.
  • Titan Company Ltd Joint Venture with Montblanc Services B.V, Netherlands - Continuous Disclosure.

2016 

  • Tanishq took over Carat Lane, to offer beautiful jewellery and a distinctive shopping experience that fits today’s values and lifestyles.

2019

  • Titan Company has incorporated ‘Titan Global Retail LLC’, Dubai, as a subsidiary company of Titan Holdings International FZCO, Dubai, which in turn is a wholly owned subsidiary of the Company.
  • Titan Company has strengthened its offerings in the Fastrack portfolio with launch of ‘Fastrack Perfumes.
  • Titan Company’s watch brand -- Sonata has forayed into the Smart Wearables category with a range of hybrid Smartwatches - Stride.

2020

  • Titan Company has launched its first international Tanishq store in Dubai as part of expanding regions outside India.
  • Titan Company and Montblanc by mutual agreement have ended their joint venture partnership in India.
  • Titan Company’s perfume brand -- SKINN has launched Escapade a refreshing new range of perfumes for men.
  • Titan Company has entered into partnership with State Bank of India (SBI) to introduce a range of Titan Pay watches powered by YONO, the lender's mobile banking app.
  • Titan Company has acquired Hyderabad-based technology and wearables firm HUG Innovations.
  • Titan Company has launched 'Titan Connected X', a full-touch smartwatch with 13 features in the Indian market.
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×