MarketFriction

Titan Company Ltd

NSE TITAN · BSE 500114 · Gems, Jewellery And Watches
₹4,515.70 -1.55%
NSE close2026-10-01
52 week range3,351.00 - 5,186.70
Market cap₹4,15,040 Cr.
P/E71.1
Nifty 50Nifty 100Nifty 200Nifty 500Nifty Consumer DurablesNifty India Consumption No price band Delivery 57.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales12,52914,16412,49413,26614,53417,74014,91616,52318,72525,41626,92021,356
Expenses11,11812,59911,30312,01913,29816,06613,37914,69316,85022,70324,98218,466
Operating Profit1,4111,5651,1911,2471,2361,6741,5371,8301,8752,7131,9382,890
OPM %11%11%10%9%8%9%10%11%10%11%7%14%
Other Income125136159120123128116105113-1235148
Interest140169201230240231252271277282350353
Depreciation144154158164171175183184189207246256
Profit before tax1,2521,3789919739481,3961,2181,4801,5222,2231,5772,429
Tax %27%24%22%27%26%25%28%26%26%24%25%27%
Net Profit9161,0537717157041,0478711,0911,1201,6841,1791,777
EPS in Rs10.3111.868.688.057.9311.799.8112.2912.6218.9713.2820.02
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales11,27613,26116,12019,77921,05221,64428,79940,57551,08460,45687,58492,417
Expenses10,33712,09714,47617,78518,58919,91925,45535,69345,79254,76279,22783,001
Operating Profit9391,1641,6441,9942,4631,7253,3444,8825,2925,6948,3579,416
OPM %8%9%10%10%12%8%12%12%10%9%10%10%
Other Income69-4270178153180177306534487450495
Interest423853531662032183006199531,1801,262
Depreciation98111131163348375399441584693826898
Profit before tax8689731,5301,9572,1021,3272,9044,4474,6234,5356,8017,751
Tax %22%28%28%29%29%27%24%26%24%26%25%
Net Profit6756971,1021,3891,4939742,1983,2743,4963,3375,0735,760
EPS in Rs7.608.0112.7315.8216.9110.9624.4836.6139.3837.5957.1464.89
Dividend Payout %29%32%29%32%24%37%31%27%28%29%26%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth23%32%29%45%
Compounded Profit Growth22%40%17%57%
Stock Price CAGR28%17%14%39%
Return on Equity29%32%34%38%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital898989898989898989898989
Reserves2,9953,4184,1445,0015,9816,5807,4089,21411,7629,30411,53515,614
Borrowings1001131,8821,6912,3933,5625,6387,2759,36715,52820,77730,621
Other Liabilities2,6842,7232,2932,7403,2473,3133,3094,6105,8026,6268,24414,237
Total Liabilities5,8686,3428,4089,52111,71013,54416,44421,18827,02031,54740,64560,561
Fixed Assets6997711,1891,4741,5672,6332,5232,5442,9983,7094,0626,878
CWIP55107152433218328514497105163
Investments330431361081582,8242942,5152,3451,9883,506
Other Assets5,1115,4346,6367,96810,00310,73511,06518,26521,36325,39634,49050,014
Total Assets5,8686,3428,4089,52111,71013,54416,44421,18827,02031,54740,64560,561
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5035761,712-511,243-3484,139-7241,3701,695-5415,590
Cash from Investing Activity-118-159-95398-797235-2,7991,165-1,814-189546-2,965
Cash from Financing Activity-1,005-505-166-252-489-242-1,234-403457-1,329-7-2,159
Net Cash Flow-620-88594-206-43-3551063813177-2466
Free Cash Flow2963241,461-350980-6934,000-9409501,024-1,0114,713
CFO/OP65%83%171%25%94%8%256%2%52%54%10%88%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days666785676764
Inventory Days169198189185178195187230199176217222
Days Payable817430272314182215131515
Cash Conversion Cycle94131165164163186176215191171208211
Working Capital Days597442605569366851423528
ROCE %35%27%23%25%26%24%13%21%25%23%19%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.90%52.90%52.90%52.90%52.90%52.90%52.90%52.90%52.90%52.90%52.90%52.90%
FIIs19.05%18.89%19.01%18.21%18.23%18.11%17.82%17.54%16.11%15.55%15.65%15.39%
DIIs9.87%10.25%10.29%10.68%11.28%11.37%12.01%12.59%13.99%14.83%14.84%15.15%
Government0.17%0.17%0.17%0.19%0.19%0.19%0.19%0.19%0.19%0.19%0.19%0.19%
Public18.00%17.77%17.57%17.94%17.33%17.35%17.01%16.69%16.76%16.45%16.34%16.31%
Others0.00%0.00%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.05%
No. of Shareholders6,99,6597,10,6467,49,3198,80,5878,24,6618,75,9018,55,1267,92,1317,95,4667,49,3737,35,5997,33,428

Fundamentals

Market Cap₹ 4,15,040 Cr.
Current Price₹ 4,675
Stock P/E71.1
Book Value₹ 177
ROCE20.5 %
ROE37.7 %
Dividend Yield0.32 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)45%
Compounded Profit Growth (TTM)57%
Consolidated figures.
Valuation
Market capRs 401,897 Cr
Enterprise valueRs 430,601 Cr
P/E (TTM)69.77x
Price to book25.59x
Price to sales4.35x
EV / EBITDA43.45x
EV / EBIT47.78x
EV / sales4.66x
Price to cash flow71.90x
Earnings yield1.43%
Dividend yield0.33%
P/E, 3-year average82.60x
P/B, 3-year average27.29x
P/E, 5-year average84.06x
P/B, 5-year average24.99x
Profitability
Operating margin (excl. other income)9.54%
Operating margin (incl. other income)10.06%
EBITDA margin10.72%
Pre-tax margin8.39%
Net profit margin6.23%
Net margin, latest quarter8.32%
ROE37.13%
ROCE20.28%
ROA10.03%
ROE, 3-year average33.93%
ROCE, 3-year average20.72%
ROA, 3-year average10.40%
ROE, 5-year average31.68%
ROCE, 5-year average21.66%
ROA, 5-year average11.25%
ROIC (approx.)15.14%
Tax rate25.41%
Other income / net worth2.87%
Growth
Sales growth (latest year)44.87%
Profit growth (latest year)52.02%
Sales CAGR, 3 years29.24%
Sales CAGR, 5 years32.26%
Profit CAGR, 3 years16.00%
Profit CAGR, 5 years39.13%
Sales growth QoQ-20.67%
Profit growth QoQ50.72%
Sales growth YoY (latest quarter)29.25%
Profit growth YoY (latest quarter)62.88%
Per share
EPS (TTM)Rs 64.72
EPS (latest year)Rs 57.00
EPS (latest quarter)Rs 19.97
EPS, 3-year averageRs 44.59
EPS, 5-year averageRs 38.95
Book value per shareRs 176.44
Sales per shareRs 1,038.39
Cash flow per shareRs 62.81
Free cash flow per shareRs 52.96
Dividend per share (latest year)Rs 15.00
Dividend per share, 3-year averageRs 12.33
Dividend per share, 5-year averageRs 10.90
Dividends
Dividend payout26.32%
Dividend payout, 3-year average27.89%
Dividend payout, 5-year average28.35%
Efficiency
Asset turnover1.45x
Fixed asset turnover12.73x
Inventory turnover1.66x
Inventory days220 days
Debtor days4 days
Debtors turnover95.62x
Creditor days15 days
Cash conversion cycle211 days
Working capital days28 days
Leverage
Total debtRs 30,621 Cr
Cash and bankRs 1,917 Cr
Net debtRs 28,704 Cr
Debt to equity1.95x
Net debt / EBITDA2.90x
Interest coverage7.14x
Current ratio (filing 2026-03-31)1.28x
Quick ratio (filing 2026-03-31)0.20x
Trade payables (filing 2026-03-31)Rs 18,934 Cr
Owners' fund to total sources25.93%
Debt to assets50.56%
Cash flow
Cash from Operating Activity (latest year)Rs 5,590 Cr
Cash from Investing Activity (latest year)Rs -2,965 Cr
Cash from Financing Activity (latest year)Rs -2,159 Cr
Net Cash Flow (latest year)Rs 466 Cr
Free cash flow (latest year)Rs 4,713 Cr
FCFE (approx.: FCF + change in debt)Rs 14,557 Cr
Cash from ops / profit, 5 years0.43x
Sales to cash flow15.67x
Statement figures
Net sales (TTM)Rs 92,417 Cr
Net sales (latest year)Rs 87,584 Cr
Sales (latest quarter)Rs 21,356 Cr
Operating profit excl. other income (latest year)Rs 8,357 Cr
Operating profit (latest quarter)Rs 2,890 Cr
Other income (TTM)Rs 495 Cr
EBITDA (TTM)Rs 9,911 Cr
PBDT (TTM)Rs 8,649 Cr
Profit before tax (TTM)Rs 7,751 Cr
Tax (latest year)Rs 1,728 Cr
Net profit (TTM)Rs 5,760 Cr
Net profit (latest year)Rs 5,073 Cr
Net profit (latest quarter)Rs 1,777 Cr
Depreciation (TTM)Rs 898 Cr
Depreciation (latest quarter)Rs 256 Cr
Interest (TTM)Rs 1,262 Cr
Cost of goods sold (latest year)Rs 70,769 Cr
Total expenditure (latest year)Rs 79,227 Cr
Total income (latest year)Rs 88,034 Cr
Share capitalRs 89 Cr
ReservesRs 15,614 Cr
Shareholders' fundsRs 15,703 Cr
Total assetsRs 60,561 Cr
Net blockRs 6,878 Cr
Capital work in progressRs 163 Cr
InvestmentsRs 3,506 Cr
ReceivablesRs 916 Cr
InventoryRs 42,743 Cr
Other liabilitiesRs 14,237 Cr
Shares outstanding (crore)89.00
Ownership
Promoter holding52.90% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 69.8 is at the 12th percentile of its own 9.4-year range (median 86.7, low 56.3, high 232.9).
P/B 25.59 is at the 60th percentile (median 22.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTITANNifty 50Difference
1 week-6.6%-2.8% -3.8 pts
1 month-10.6%-6.8% -3.8 pts
3 months+1.2%-7.6% +8.8 pts
6 months+14.3%+0.4% +13.9 pts
1 year+33.7%-9.9% +43.6 pts
2 years+18.2%-13.6% +31.8 pts
3 years+43.4%+14.2% +29.2 pts
5 years+108.7%+27.9% +80.8 pts
412 mutual fund schemes hold about ₹24,154 Cr. Over three months 298 bought more and 62 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Large Cap Fund5.27%2,103 +12%
UTI Flexi Cap Fund4.13%997 +1%
Axis Large Cap Fund3.09%969 +9%
ICICI Pru Balanced Advantage Fund(M1.08%816 -20%
Axis ELSS-Tax Saver Fund1.93%631 +18%
Motilal Oswal Large & Midcap Fund3.04%612 -3%
UTI Nifty 50 Index Fund1.91%564 +14%
Motilal Oswal Large & Midcap Fund3.04%560 -3%
ICICI Pru Focused Fund3.09%555 +2%
SBI Flexicap Fund2.21%514 +12%
HDFC Nifty 50 Index Fund1.91%462 +14%
Aditya Birla SL Large Cap Fund1.29%383 +12%
Mirae Asset Great Consumer Fund7.07%335 -0%
ICICI Pru Nifty 50 Index Fund1.91%332 +14%
ICICI Pru Nifty 50 Index Fund1.91%330 +14%
ICICI Pru Large Cap Fund0.41%325 -11%
Mirae Asset Large Cap Fund0.83%322 -22%
Axis Focused Fund2.37%270 +11%
SBI Nifty Index Fund1.91%266 +14%
Aditya Birla SL ELSS Tax Saver Fund1.65%240 +14%
Axis Flexi Cap Fund1.65%230 +9%
Helios Flexi Cap Fund2.57%225 +31%
Axis Flexi Cap Fund1.65%222 +9%
Canara Rob Large Cap Fund1.30%222 +3%
Edelweiss Balanced Advantage Fund(Q1.58%213 +30%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-09-03TITAN EMPLOYEE STOCK OPTION TRUSTOtherbuy16,300Rs 5.92 CrMarket Purchase
2024-08-29Bhaskar Bhat-other1,000Gift
2024-08-29Bhaskar Bhat-other1,000Gift
2024-08-29Bhaskar Bhat-other1,000Gift
2024-08-29Bhaskar Bhat-other1,000Gift
2024-03-07TITAN EMPLOYEE STOCK OPTION TRUSTOtherbuy15,900Rs 6.04 CrMarket Purchase
2023-12-11Vrunda BhaskarImmediate relativeother3,000Off Market
2023-12-06Vrunda BhaskarImmediate relativeother500Off Market
2023-12-06Vrunda BhaskarImmediate relativeother1,000Off Market
2023-12-06Vrunda BhaskarImmediate relativeother1,000Off Market
2023-12-06Vrunda BhaskarImmediate relativeother1,000Off Market
2023-12-06Vrunda Bhaskar-other500Off Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹21,356 Cr +29.3% vs Jun 2025. Net profit ₹1,777 Cr +62.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-09Dividend - Rs 15 Per Share
2025-07-08Dividend - Rs 11 Per Share
2024-06-27Annual General Meeting/Dividend - Rs 11 Per Share
2023-07-13Annual General Meeting/Dividend - Rs 10 Per Share
2022-07-08Annual General Meeting/Dividend - Rs 7.50 Per Share
2021-07-22 Annual General Meeting/Dividend - Rs 4 Per Share
2020-08-03 Annual General Meeting/Dividend - Rs 4 Per Share
2019-07-29 Annual General Meeting/ Dividend - Rs 5 Per Share
2018-07-23 Annual General Meeting/Dividend- Rs 3.75 Per Share
2017-07-24 Dividend - Rs 2.60 Per Share
2016-07-22 Annual General Meeting
2016-03-22 Interim Dividend - Rs 2.20/- Per Share (Purpose Revised)
2015-07-17Annual General Meeting/Dividend - Rs 2.30/- Per Share
2014-07-15Annual General Meeting / Dividend - Rs 2.10/- Per Share
2013-07-16Annual General Meeting/Dividend Rs 2.10/- Per Share
2012-07-13Annual General Meeting /Dividend Rs. 1.75 Per Share
2011-07-22Dividend-Rs.1.25 Per Share
2011-06-23Bonus 1:1 / Face Value Split From Rs.10/- To Re.1/-0.0500
2010-07-09Dividend-Rs.15/- Per Share
2009-07-10Agm/Div-Rs.10/- Per Share
2008-07-15Agm/Dividend - 80%
2007-07-11Agm/Dividend-50%
2006-08-04Agm/Dividend-30%
DateTypeWhat it says
2026-09-18ESOP grantGrant of Performance Stock Units under Titan Company Limited Performance Based Stock Unit Scheme 2026
2026-09-17Shareholder meetingVoting results.
2026-09-17Concall / analyst meetSchedule of Analysts / Institutional Investors Meeting
2026-09-11Credit RatingCredit Rating
2026-09-10General UpdatesRedemption of Commercial Paper
2026-09-07Press ReleaseA press release dated 0 ,
2026-09-04Concall / analyst meetSchedule of Analysts / Institutional Investors Meeting
2026-09-04General UpdatesRedemption of Commercial Paper
2026-09-03Concall / analyst meetSchedule of Analysts / Institutional Investors Meeting
2026-08-17Concall / analyst meetSchedule of meet
2026-08-17Shareholder meetingNotice of Postal Ballot
2026-08-14Concall / analyst meetSchedule of meet
2026-08-11Concall / analyst meetEarnings Call Transcripts
2026-08-07Concall / analyst meetLink of Recording
2026-08-07General UpdatesTitan Company Limited Performance Based Stock Unit Scheme 2026.
2026-08-07AppointmentAppointment of Ms. Priya Mathilakath as the Chief People Officer (CPO), Senior Management Personnel of the company w.e.f. April 01, 2027.
2026-08-07UpdatesCertificate pursuant to SEBI Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.
2026-08-07Board meeting outcomeOutcome of Board Meeting held on August 07, 2026 - Titan Company Limited Performance Based Stock Unit Scheme 2026
2026-08-07Board meeting outcomeOutcome of Board Meeting held on August 07, 2026 - appointment Senior Management Personnel effective 1st April 2027.
2026-08-07Investor PresentationInvestor Presentation
2026-08-07Board meeting outcomeTitan Company Limited has submitted to the Exchange, Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026.
2026-08-04Credit RatingCredit Rating
2026-07-30AppointmentAppointment of Dr. D Karthikeyan, IAS and Mr. K Vivekanandan, IAS as Non- Executive, Non-Independent Directors of the company w.e.f. August 05, 2026.
2026-07-28Shareholder meetingVoting results.
2026-07-27Shareholder meetingProceedings of the 42nd Annual General Meeting (AGM) held 27th July 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.76
Max pain (expiry 2026-10-27)4,700
Largest call open interest at5,000
Largest put open interest at4,300
Implied volatility, at the money23.0%
Underlying at snapshot4,515.70
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-3020
2026-09-295,425
2026-09-282
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-08-02NCLATShri Shakti Bhushan & Ors. VS Titan Company Limited (Erstwhile Titan Industries Limited) & Ors.
2019-03-05NCLTPradip Kumar Sengupta & Ors. Vs Titan Engineering Co. Pvt.Ltd & Ors
2019-02-18NCLTShakti Bhushan Vs Titan Industries Ltd., & Others
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Titan Company Ltd?

Titan Company Ltd (TITAN) has a market capitalisation of Rs 4,15,040 Cr. at the 2026-10-01 close.

What is the P/E ratio of Titan Company Ltd?

Titan Company Ltd trades at a P/E of 71.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Titan Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Titan Company Ltd sales was Rs 21,356 Cr (+29.3% vs Jun 2025) and net profit was Rs 1,777 Cr.

What is the 52-week high and low of Titan Company Ltd?

The 52-week high is Rs 5,186.70 and the 52-week low is Rs 3,351.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03