TITAN

TITAN COMPANY

Large Cap BSE: 500114 NSE: TITAN
₹2730.5
137.65 (5.31%)
As on 07 October, 2022 | 18:09

Titan Company Share Price

Titan Company Performance

Day Range

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  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Titan Company Share Returns

  • Over 1 Month 3.52%
  • Over 3 Month 28.34%
  • Over 6 Month 11.07%
  • Over 1 Year 14.95%

Titan Company Key Statistics

P/E Ratio 82.7
PEG Ratio 0.6
Market Cap Cr 242,410
Price to Book Ratio 26.1
EPS 25
Dividend 0.3
Relative Strength Index 62.5
Money Flow Index 60.97
MACD Signal 29.64
Average True Range 76.29

Titan Company Investment Rating

  • Master Rating:
  • Titan Company has an operating revenue of Rs. 34,769.00 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 10% is healthy, ROE of 23% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 8% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around 2% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 72 which is a FAIR score but needs to improve its earnings, a RS Rating of 59 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 59 indicates it belongs to a fair industry group of Retail/Whlsle-Jewelry and a Master Score of B is close to being the best. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Titan Company Financials
IndicatorJun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 8,4936,7499,3816,9212,7806,991
Operating Expenses Qtr Cr 7,7976,4948,1166,2163,1056,340
Operating Profit Qtr Cr 1,1647821,399954144795
Depreciation Qtr Cr 878885918382
Interest Qtr Cr 555452454445
Tax Qtr Cr 27317433022721173
Net Profit Qtr Cr 79349198764161529

Titan Company Technicals

EMA & SMA

Current Price
2730.5
137.65 (5.31%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 2616.02
  • 50 Day
  • 2531.78
  • 100 Day
  • 2449.6
  • 200 Day
  • 2398.05
  • 20 Day
  • 2638.65
  • 50 Day
  • 2541.46
  • 100 Day
  • 2330.8
  • 200 Day
  • 2396.96

Titan Company Resistance and Support

PIVOT
₹2598.15
Resistance
First Resistance 2614.7
Second Resistance 2636.55
Third Resistance 2653.1
RSI 62.5
MFI 60.97
MACD Single Line 29.64
MACD 22.37
Support
First Resistance 2576.31
Second Resistance 2559.75
Third Resistance 2537.9

Titan Company Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,422,875 87,962,133 61.82
Week 1,330,944 69,248,990 52.03
1 Month 1,164,352 56,005,327 48.1
6 Month 1,500,663 67,995,062 45.31

Titan Company Result Highlights

Titan Company Synopsis

NSE-Retail/Whlsle-Jewelry

Titan Company is involved in the business activities of Manufacture of ophthalmic goods, eyeglasses, sunglasses, lenses ground to prescription, contact lenses, safety goggles etc.. Company’s Total Operating Revenue is Rs. 27210.00 Cr. and Equity Capital is Rs. 89.00 Cr. for the Year ended 31/03/2022. Titan Company Ltd. is a Public Limited Listed company incorporated on 26/07/1984 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L74999TZ1984PLC001456 and registration number is 001456.
Market Cap 242,988
Sales 32,922
Shares in Float 41.73
No of funds 927
Yield 0.29
Book Value 24.62
U/D Vol ratio 1.2
LTDebt / Equity
Alpha 0.05
Beta 1.15

Titan Company

Owner NameJun-22Mar-22Dec-21
Promoters 52.9%52.9%52.9%
Mutual Funds 5.35%4.56%4.45%
Insurance Companies 5.55%5.33%5.56%
Foreign Portfolio Investors 16.77%18.4%18.55%
Financial Institutions/ Banks 0.14%0.12%0.08%
Individual Investors 15.99%15.59%15.54%
Others 3.3%3.1%2.92%

Titan Company Management

Name Designation
Mr. S Krishnan Chairman
Mr. N N Tata Vice Chairman
Mr. C K Venkataraman Managing Director
Mr. Ashwani Puri Independent Director
Mr. B Santhanam Independent Director
Mr. Pradyumna Vyas Independent Director
Dr. Mohanasankar Sivapraksam Independent Director
Ms. Sindhu Gangadharan Independent Director
Mr. Sandeep Singhal Independent Director
Mr. Bhaskar Bhat Director
Mr. Pankaj Kumar Bansal Director
Ms. Jayashree Muralidharan Director

Titan Company Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Titan Company Corporate Action

Date Purpose Remarks
2022-08-05 Quarterly Results
2022-05-03 Audited Results & Dividend
2022-02-03 Quarterly Results
2021-10-27 Quarterly Results
2021-08-04 Quarterly Results

Titan Company MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 143463
SBI S&P BSE Sensex ETF 77068
ICICI Prudential Balanced Advantage Fund Growth 42930
UTI Nifty 50 Exchange Traded Fund 37189
Axis Bluechip Fund Growth 36980

About Company

Titan Company Ltd. is a quite well-established company in the country. It is owned by the Tata Group and Tamil Nadu Industrial Development Corporation and is headquartered in Bengaluru. The company has a reputation for being the world's 5th largest integrated own brand watch manufacturer worldwide.

Several lifestyle brands are a part of Titan, and the brand has ventured into several product categories apart from watches. It is the largest branded jewellery maker in India. Some prominent brands under the umbrella of Titan include Fastrack, Sonata, Titan Raga, Tanishq, Mia, Zoya, CaratLane, Titan EyePlus, etc. All of these brands have dedicated outlets in different cities across the country.

History

The company came into existence in 1984 when the Tata Group and the Tamil Nadu Industrial Development Corporation formed a joint venture named 'Titan Watches Limited'. Xerxes Desai became the first-ever managing director of the company, and he also played an instrumental role in building a strong foundation for the company.

Titan got into the jewellery business with its brand Tanishq in 1994. Post that, the company entered the eyewear industry with Titan EyePlus. When the company came into existence, it had started producing quartz analogue electronic watches in Hosur, Tamil Nadu. In 1986, Titan agreed with Casio to produce 2 million digital and analogue-digital watches.

By the early 2000s, Titan was not just limited to watches. It had changed its name to Titan Industries Ltd. In 1993 as it had several diversification plans in place. In 1998, Titan launched Fastrack, a brand targeted toward the country's youth. Fastrack manufactured several accessories, including bags, watches, sunglasses, wallets, etc.

Shareholding Pattern

The shareholding pattern of Titan Company Ltd. Is quite simple to understand. The promoters hold about 52.9% shares of the company. Several foreign institutions have an 18.4% of the shares, and the mutual funds are given a holding of 4.56%. The central government holds 0.16% of the shares, and the general public holds 15.59% of the shares. Financial institutions hold 5.65% of the shares, and the remaining 2.74% of holdings are categorized as others.

Corporate Social Responsibility Information

Titan Company Ltd. Has taken up several corporate social responsibility initiatives under the lead of Mr Venkataraman. Some of the initiatives taken by the company are listed below:

Titan Scholarships

These scholarships are given out to the students based on their needs and merit. This program was directly managed by the Titan School and the Titan Foundation for Education. Several scholarships were awarded to students from different districts of Tamil Nadu. The program is also being implemented in Uttarakhand.

Titan Township 

Titan has built a community in Hosur which provides homes to about 1300 people. They have implemented an initiative in collaboration with NGOs named MCA and Ashraya.

Employing Differently-Abled

More than 120 differently-abled people are now making watches in the Hosur factory of Titan Company Ltd.

Karigar Park 

About 14 centres were built under this initiative, providing homes to jewellery karigars working for Titan. The karigars are trained in these centres and provided with everything they would need to make jewellery. The best working conditions are provided to these people. The centres also have a provision for recreation as there are parks and gyms around.

Titan Kanya

The core of this initiative was to promote the education of a girl child. The program aims at empowering girl children they complete their education at least up to class 10th.

Titan School and Titan Foundation for Education

The Titan School and the Titan Foundation for Education were established by Xerxes Desai. The school was started in Mathigiri, Hosur. The Titan School covers an area of 85 acres. There is a residential area where the school is built. Around 1200 people stay in the houses that are a part of the residential area. Most of these people work for Titan, but the place welcomes non-Titan employees. The school aims to provide holistic education by implementing modern learning methods.

Financial Information

Top Line

The total revenue of Titan Company Ltd. has increased drastically compared to 2018. Currently, the company's revenue stands at INR 27,456 crores, which was INR 15,707.70 in 2018. The revenue has increased over the years. It stood at INR 19,248.47 crores in 2019, INR 20,158.05 crores in 2020 and INR 20,783 crores in 2021. Watches contributed about 13% to the revenue while jewellery stood out to be a major contributor with an 82% share

Bottom Line

The profit for the year 2021-22 was registered as INR 2,180 crores. The profit was about INR 877 crores in 2021 due to the slumping in sales owing to the pandemic. The profit stood at INR 1,517.63 crores in 2020, INR 1,374.36 in 2019 and INR 1,162.87 in 2018.

The jewellery segment is a cash cow for Titan Company Ltd.

Titan Company FAQs

What is Share Price of Titan Company ?

Titan Company share price is ₹2730 As on 07 October, 2022 | 17:55

What is the Market Cap of Titan Company ?

The Market Cap of Titan Company is ₹242410 Cr As on 07 October, 2022 | 17:55

What is the P/E ratio of Titan Company ?

The P/E ratio of Titan Company is 82.7 As on 07 October, 2022 | 17:55

What is the PB ratio of Titan Company ?

The PB ratio of Titan Company is 26.1 As on 07 October, 2022 | 17:55

What is the ROE of Titan Company?

The ROE of Titan Company Ltd. Is 23.25%.

Is Titan Company a good investment?

Titan Company has an operating revenue of INR 26,079.00 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 6% is okay. Institutional holding has gone up in the last reported quarter is a positive sign. Analyst Recommendation on Tata Steel: HOLD.

What is the stock price CAGR of Titan Company?

The stock price CAGR of Titan Company is 10 Years for 29%, for 5 Years is 49%, for 3 Years is 38%, for 1 Year is 66%.

Is the Titan Company debt free?

Titan Company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.

How to buy the shares of Titan Company Ltd.?

You can create an account on 5Paisa and then open a Demat account to buy the shares of Titan Company Ltd.

What is the Face value of the shares of Titan Company Ltd.?

The face value of the shares of Titan Company Ltd. Is Rs. 1

Q1FY23