TITA

TitanNSEI:TITAN Stock Report

Market Cap

₹1.9t

7D

1.5%

1Y

88.9%

Updated

21 Sep, 2021

Data

Company Financials +
TITAN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance4/6
Financial Health4/6
Dividends3/6

TITAN Overview

Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, eyewear, and other accessories and products in India and internationally.

Titan Competitors

Kalyan Jewellers India

BSE:543278

₹70.0b

Kanani Industries

BSE:506184

₹916.1m

Swarnsarita Gems

BSE:526365

₹333.6m

Kenvi Jewels

BSE:540953

₹145.6m

Price History & Performance

Summary of all time highs, changes and price drops for Titan
Historical stock prices
Current Share Price₹2,085.85
52 Week High₹1,076.00
52 Week Low₹2,150.00
Beta0.87
1 Month Change11.14%
3 Month Change17.02%
1 Year Change88.86%
3 Year Change161.76%
5 Year Change414.58%
Change since IPO28,690.35%

Recent News & Updates

Jun 27
Here's Why Titan (NSE:TITAN) Can Manage Its Debt Responsibly

Here's Why Titan (NSE:TITAN) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

TITANIN LuxuryIN Market
7D1.5%-0.7%-0.5%
1Y88.9%89.7%61.2%

Return vs Industry: TITAN matched the Indian Luxury industry which returned 89.7% over the past year.

Return vs Market: TITAN exceeded the Indian Market which returned 61.2% over the past year.

Price Volatility

Is TITAN's price volatile compared to industry and market?
TITAN volatility
TITAN Beta0.87
Industry Beta0.75
Market Beta1

Stable Share Price: TITAN is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TITAN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19847,235Coimbatore Venkataramanhttps://www.titancompany.in

Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, eyewear, and other accessories and products in India and internationally. It operates through four segments: Watches and Wearables, Jewellery, Eyewear, and Others. The company offers watches and accessories under the Titan Edge, Titan Raga, Nebula, Octane, Fastrack, Titan HTSE, Zoop, Sonata, Favre-Leuba, SF, Xylys, World of Titan, and Helios brands.

Titan Fundamentals Summary

How do Titan's earnings and revenue compare to its market cap?
TITAN fundamental statistics
Market Cap₹1.85t
Earnings (TTM)₹12.84b
Revenue (TTM)₹231.38b

144.2x

P/E Ratio

8.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TITAN income statement (TTM)
Revenue₹231.38b
Cost of Revenue₹175.90b
Gross Profit₹55.48b
Expenses₹42.64b
Earnings₹12.84b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.72
Gross Margin23.98%
Net Profit Margin5.55%
Debt/Equity Ratio75.2%

How did TITAN perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is Titan undervalued compared to its fair value and its price relative to the market?

144.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TITAN (₹2085.85) is trading above our estimate of fair value (₹322.29)

Significantly Below Fair Value: TITAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TITAN is poor value based on its PE Ratio (144.2x) compared to the Indian Luxury industry average (16x).

PE vs Market: TITAN is poor value based on its PE Ratio (144.2x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: TITAN is poor value based on its PEG Ratio (5.2x)


Price to Book Ratio

PB vs Industry: TITAN is overvalued based on its PB Ratio (24.7x) compared to the IN Luxury industry average (1.1x).


Future Growth

How is Titan forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

27.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TITAN's forecast earnings growth (27.7% per year) is above the savings rate (6.8%).

Earnings vs Market: TITAN's earnings (27.7% per year) are forecast to grow faster than the Indian market (18.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TITAN's revenue (15.4% per year) is forecast to grow faster than the Indian market (12.6% per year).

High Growth Revenue: TITAN's revenue (15.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TITAN's Return on Equity is forecast to be high in 3 years time (25.3%)


Past Performance

How has Titan performed over the past 5 years?

2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TITAN has high quality earnings.

Growing Profit Margin: TITAN's current net profit margins (5.5%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: TITAN's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: TITAN's earnings growth over the past year (52.1%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: TITAN earnings growth over the past year (52.1%) underperformed the Luxury industry 69.4%.


Return on Equity

High ROE: TITAN's Return on Equity (17.2%) is considered low.


Financial Health

How is Titan's financial position?


Financial Position Analysis

Short Term Liabilities: TITAN's short term assets (₹132.0B) exceed its short term liabilities (₹77.1B).

Long Term Liabilities: TITAN's short term assets (₹132.0B) exceed its long term liabilities (₹12.4B).


Debt to Equity History and Analysis

Debt Level: TITAN's debt to equity ratio (75.2%) is considered high.

Reducing Debt: TITAN's debt to equity ratio has increased from 15.1% to 75.2% over the past 5 years.

Debt Coverage: TITAN's debt is well covered by operating cash flow (73.4%).

Interest Coverage: TITAN's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet


Dividend

What is Titan current dividend yield, its reliability and sustainability?

0.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TITAN's dividend (0.19%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: TITAN's dividend (0.19%) is low compared to the top 25% of dividend payers in the Indian market (1.48%).


Stability and Growth of Payments

Stable Dividend: TITAN's dividend payments have been volatile in the past 10 years.

Growing Dividend: TITAN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.2%), TITAN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TITAN's dividends in 3 years are forecast to be well covered by earnings (34.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Coimbatore Venkataraman (61 yo)

1.92yrs

Tenure

₹69,954,606

Compensation

Mr. Coimbatore Krishnamurthy Venkataraman, B.Sc., PGDM serves as Managing Director and Additional Director at Titan Company Limited from October 1, 2019 and served as the Chief Executive Officer of Jewelle...


CEO Compensation Analysis

Compensation vs Market: Coimbatore's total compensation ($USD949.70K) is about average for companies of similar size in the Indian market ($USD1.16M).

Compensation vs Earnings: Coimbatore's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TITAN's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: TITAN's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Titan Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Titan Company Limited
  • Ticker: TITAN
  • Exchange: NSEI
  • Founded: 1984
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹1.852t
  • Shares outstanding: 887.79m
  • Website: https://www.titancompany.in

Number of Employees


Location

  • Titan Company Limited
  • Integrity No. 193
  • Veerasandra
  • Bengaluru
  • Karnataka
  • 560100
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 15:27
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.