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Titan Company Ltd share Price Today

Company details

3,478.25
3,571.20
2,570.00
3,886.95
6M Return 8.54%
1Y Return 38.23%
Mkt Cap.(Cr) 316,322.59
Volume 1,507,940
Div Yield 0.28%
OI
-
OI Chg %
-
Volume 1,507,940

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Technical Outlook
    Titan Industries has undergone significant price/time correction over past eighteen months and in current context stock has resolved out of past four month consolidation (2626-2270) along with falling channel breakout in Nifty signalling resumption of uptrend
     
    Structurally, share price retraced July-October 2022 rally (1825-2791) by just 50% over past six months. Slower pace of retracement of rally indicate inherent strength. Further share price held its long term rising 52-week ema twice during January and March 2023 period despite elevated gold prices highlighting resilience
     
    We expect share price to challenge life highs and head towards ₹2900 as it is 123.6% retracement of November 2022-March 2023 decline (₹ 2791-2321) over next few months
Fundamental Outlook
    Titan has transformed itself from being a watch maker into an enviable lifestyle company, having a strong fortress in the jewellery segment (90% of sales) under the Tanishq brand. Robust performance in challenging times reaffirms our thesis of long term market share gains for Titan (targeting 10% market share in near term from current 7%). 
     
    Titan in its Q4FY23 pre quarterly update reported a strong show with double digit revenue growth across all divisions on a marginally favourable base due to impact of Omicron in the base quarter. Revenue for the Jewellery division (including carat lane) in Q4FY23 grew 23.6% YoY driven by buyer growths, both new and repeat, and higher ticket size. On three-year CAGR basis (excluding bullion sales), revenue growth continues to be impressive at 25%. CaratLane (72% owned Subsidiary) continues to scale to new highs with robust growth of 56% YoY in Q4FY23. Watches and wearables division registered strong growth of 41% on YoY basis led by strong traction in analog watches segment and tripling of revenues from wearables segment.

    For FY23, Jewellery division (including CaratLane) has displayed an impressive show with growth ~ 39% YoY. Titan has been a secular growth story with consistent market share gains from the unorganized players.  Over a long term company aspires to grow jewellery revenues by 2.5x by FY27 (implied CAGR: 20% from FY22 base

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Gems & Jewellery company Titan announced Q3FY24 results:

  • Consolidated Q3FY24:

    • Total Income for Q3FY24 was Rs 14,122 crore, with a YoY growth of 24.1%.
    • Earnings before Interest & Tax (EBIT) amounted to Rs 1,547 crore, indicating a 16.8% YoY growth.
      • EBIT margin stood at 11.0%, reflecting a decrease of 68 bps from Q3FY23.
    • Profit before Tax (PBT) reached Rs 1,378 crore, marking a 10.7% YoY growth.
      • PBT margin was 9.8%, indicating a decrease of 118 bps from Q3FY23.
    • Profit after Tax (PAT) stood at Rs 1,053 crore, showing a 15.4% YoY growth.
      • PAT margin was 7.5%, reflecting a decrease of 56 bps from Q3FY23.
  • Standalone Q3FY24:

    • Total Income for Q3FY24 was Rs 13,071 crore, reflecting a YoY growth of 22.7%.
    • Earnings before Interest & Tax (EBIT) amounted to Rs 1,478 crore, showing an 11.3% YoY growth.
      • EBIT margin stood at 11.3%, indicating a decrease of 116 basis points (bps) from Q3FY23.
    • Profit before Tax (PBT) reached Rs 1,345 crore, marking a 6.2% YoY growth.
      • PBT margin was 10.3%, indicating a decrease of 161 bps from Q3FY23.
    • Profit after Tax (PAT) stood at Rs 1,040 crore, showing a 9.4% YoY growth.
      • PAT margin was 8.0%, reflecting a decrease of 97 bps from Q3FY23.

CK Venkataraman, Managing Director of the Company stated that: "The festive quarter saw encouraging consumer demand delivering a healthy double-digit growth of 24% over a strong base of Q3FY23. Our international store openings in Houston, Dallas and Singapore markets were enthusiastically received by the Indian diaspora and other nationals at those locations. Our domestic store expansions in all target markets too are progressing well. We will continue to pursue market share growth and are actively investing in capabilities across all our business segments."

Result PDF

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Titan Company Ltd shares SWOT Analysis

Strengths (10)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 3,596.8
R2 3,630.5
R3 3,689.7
Pivot

3,537.50

S1 3,503.8
S2 3,444.6
S3 3,410.9
EMA SMA
3,662.9
3,666.4
3,598.8
3,408.2
3,680.3
3,667.1
3,656.9
3,403.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 3767.85 263114 BSE
MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 2024-01-25 3767.85 55458 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 3767.85 5208 NSE
Name Category Shares
Tamilnadu Industrial Development Corporation Ltd PROMOTER 27.88%
Tata Sons Private Limited PROMOTER 20.84%
Tata Investment Corporation Ltd PROMOTER 2.01%
Tata Chemicals Limited PROMOTER 1.56%
Ewart Investments Limited PROMOTER 0.56%

OUR RESEARCH VIEW

Investment recommendation
Call Date
25 Apr 2023
Entry Price 2,590.00
Target Price 2,870.00
Duration
3 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Titan Company Ltd Stocks COMPARISON

Financials( in Cr) Titan Company Ltd Kalyan Jewellers India Ltd Rajesh Exports Ltd Senco Gold Ltd Vaibhav Global Ltd
Price 3,563.05 408.55 286.35 955.00 375.55
% Change 1.08 1.59 -2.02 -0.68 -1.24
Mcap Cr 316,322.59 42,082.82 8,454.77 7,419.11 6,220.99
Revenue TTM Cr 40,575.00 14,071.45 339,689.51 4,077.40 2,690.91
Net Profit TTM Cr 3,274.00 431.93 1,432.28 158.48 105.14
PE TTM 91.66 76.15 11.54 42.40 46.98
1 Year Return 38.23 294.73 -49.26 135.63 20.18
ROCE 24.82 12.20 10.86 15.29 11.09
ROE 30.95 12.76 10.54 18.96 9.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 11,851.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04
Titan Company Limited - Loss of Share Certificates

Apr 19, 2024 l NSE Announcement

Titan Company Limited - Other General Purpose

Apr 18, 2024 l NSE Announcement

Titan Company Limited - Other General Purpose

Apr 15, 2024 l NSE Announcement

Date Action Type Ratio
Jul 13, 2023 Dividend 1000
Jul 08, 2022 Dividend 750

Titan Company Ltd Information

Stock PE (TTM)
91.66
Promoter Holding
52.9%
Book Value
139.7722
ROCE
24.82%
ROE
30.95%
Description
  • The Titan Company Ltd. was started in 1984 as a joint venture between the Tamil Nadu Industrial Development Corporation (TIDCO) and Tata Group. It has grown to become the world’s fifth-largest integrated watch manufacturer. The company’s corporate headquarters are in Bangalore, while the registered office is in Hosur, Tamil Nadu. For FY 2021-2022, the company’s total revenue was Rs 29,033 crore. It was up 33% from the revenue of Rs 21,830 crore in FY 2020-2021. On 5 August 2022, the company’s market capitalisation stood at Rs 215,980 crore.
    The company is listed on the National Stock Exchange with the code TITAN. The Bombay Stock Exchange listing code is 500114.
    In 1994, Titan Company Ltd. expanded into jewellery with the brand Tanishq. It also diversified into eyewear with Titan Eyeplus. In 2005, it launched Fastrack, a youth fashion accessories brand. Some other brands managed by the company include Sonata, Titan Raga, Octane, Helios, Caratlane, Zoya, and Mia, among others.
    On 5 August 2022, Titan Company Ltd. reported year-on-year growth of 1200% or 13 times in its standalone profit after tax. For the quarter ended June 2022, the profit after tax was Rs 793 crore.
    The company’s chairman is Mr S Krishnan, and the vice chairman is Mr N N Tata. The managing director is Mr C K Venkataraman. The other board members include Mr Pankaj Kumar Bansal, Mr Sandeep Singhal, Mr Bhaskar Bhat, Mr Pradyumna Vyas, Ms Sindhu Gangadharan, Mr Ashwani Puri, Ms Jayashree Muralidharan, and Dr Mohanasankar Sivapraksam, among others.
    Titan Company Ltd.’s shareholding pattern on 30 June 2022 indicated a promoter stake of 52.9%, public stake of 18.92%, foreign institutional investor stake of 16.77%, domestic institutional investor stake of 11.42%, and mutual fund holdings of 5.35%. The Tamil Nadu Industrial Development Corporation Ltd. is the leading promoter with a 27.88% stake, followed by Tata Sons Pvt. Ltd. with a 20.84% stake.
    On 5 August 2022, the company’s share price on BSE closed at Rs 2,432.55. Titan Company Ltd.’s share price on NSE closed at Rs 2,432.80. The 52-week high share price for Titan Company Ltd. was Rs 2,768, while the 52-week low was Rs 1,763.20.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

3 SIPCOT Industrial Complex, , Hosur, Tamil Nadu, 635126

Tel : 91-4344-664199
Email : investor:titan.co.in
Website : http://www.titancompany.in
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500114
NSE Code : TITAN
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE280A01028

FAQ’s on Titan Company Ltd Shares

You can buy Titan Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Titan Company Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:54 PM the closing price of Titan Company Ltd was ₹ 3,563.05.

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 Apr 19, 2024 03:54 PM, the market cap of Titan Company Ltd stood at ₹ 316,322.59.

The latest PE ratio of Titan Company Ltd as of Apr 19, 2024 03:54 PM is 91.66

The latest PB ratio of Titan Company Ltd as of Apr 19, 2024 03:54 PM is 0.04

The 52-week high of Titan Company Ltd share price is ₹ 3,886.95 while the 52-week low is ₹ 2,570.00

According to analyst recommendations, Titan Company Ltd Share has a “Buy” rating for the long term.

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