Titan Company Limited
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, Eyecare, and Others. The company designs, manufactures, and retails watches and wearables under the Nebula, Titan, Titan Clocks, Zoop, Titan Octane, Raga, Xylys, Edge, Fastrack, Sonata, Titan Smart, Fastrack smart, SF, Titan World, and Helios brands; jewellery products under the Mia, CaratLane, Tanishq, and Zoya brands; and eyecare products under the Titan Glares, Titan Eye+ and Fastrack Eyecare brands. It also offers sarees, dress materials, and ready-to-wear kurtas under the Taneira brand; perfumes under the SKINN brand; belts and wallets under the TITAN brand; and bags under the Fastrack and IRTH brands. In addition, the company provides manufacturing services and automation solutions for aerospace, defense, transportation, electrical and electronics, and medical sectors. It offers its products through owned and franchised retail stores, as well as online. The company was formerly known as Titan Industries Limited and changed its name to Titan Company Limited in August 2013. Titan Company Limited was incorporated in 1984 and is based in Bengaluru, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Aug has averaged the highest return (+7.6%); May the lowest (-2.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.8%Neutral MonthJan 2026: -1.81% | +8.8%Positive MonthFeb 2026: +8.82% | -8.7%Negative MonthMar 2026: -8.69% | +11.0%Positive MonthApr 2026: +10.98% | -7.0%Negative MonthMay 2026: -6.95% | +7.9%Positive MonthJun 2026: +7.95% | +10.1%*Positive MonthJul 2026: +10.06% | β | β | β | β | β |
| 2025 | +7.3%Positive MonthJan 2025: +7.25% | -11.9%Negative MonthFeb 2025: -11.89% | -0.4%Neutral MonthMar 2025: -0.35% | +10.2%Positive MonthApr 2025: +10.19% | +5.3%Positive MonthMay 2025: +5.27% | +3.8%Positive MonthJun 2025: +3.80% | -9.3%Negative MonthJul 2025: -9.30% | +8.4%Positive MonthAug 2025: +8.44% | -7.2%Negative MonthSep 2025: -7.20% | +11.2%Positive MonthOct 2025: +11.22% | +4.4%Positive MonthNov 2025: +4.37% | +3.6%Positive MonthDec 2025: +3.63% |
| 2024 | +0.6%Neutral MonthJan 2024: +0.58% | -1.8%Neutral MonthFeb 2024: -1.84% | +4.8%Positive MonthMar 2024: +4.83% | -5.7%Negative MonthApr 2024: -5.67% | -9.7%Negative MonthMay 2024: -9.65% | +5.0%Positive MonthJun 2024: +5.04% | +1.5%Neutral MonthJul 2024: +1.52% | +3.2%Positive MonthAug 2024: +3.16% | +7.1%Positive MonthSep 2024: +7.13% | -14.5%Negative MonthOct 2024: -14.46% | -0.6%Neutral MonthNov 2024: -0.60% | +0.1%Neutral MonthDec 2024: +0.13% |
| 2023 | -8.5%Negative MonthJan 2023: -8.49% | -0.1%Neutral MonthFeb 2023: -0.14% | +5.9%Positive MonthMar 2023: +5.93% | +5.0%Positive MonthApr 2023: +4.98% | +6.9%Positive MonthMay 2023: +6.89% | +8.0%Positive MonthJun 2023: +8.01% | -2.0%Neutral MonthJul 2023: -1.98% | +4.0%Positive MonthAug 2023: +3.98% | +1.4%Neutral MonthSep 2023: +1.37% | +1.2%Neutral MonthOct 2023: +1.24% | +9.5%Positive MonthNov 2023: +9.51% | +5.3%Positive MonthDec 2023: +5.27% |
| 2022 | -6.5%Negative MonthJan 2022: -6.47% | +7.8%Positive MonthFeb 2022: +7.78% | -0.3%Neutral MonthMar 2022: -0.33% | -3.0%Negative MonthApr 2022: -3.03% | -9.8%Negative MonthMay 2022: -9.82% | -12.4%Negative MonthJun 2022: -12.41% | +21.1%Positive MonthJul 2022: +21.14% | +10.6%Positive MonthAug 2022: +10.61% | +0.1%Neutral MonthSep 2022: +0.15% | +5.6%Positive MonthOct 2022: +5.62% | -3.7%Negative MonthNov 2022: -3.74% | -2.0%Neutral MonthDec 2022: -1.96% |
| 2021 | β | β | β | β | β | +8.6%Positive MonthJun 2021: +8.60% | -1.0%Neutral MonthJul 2021: -1.02% | +12.1%Positive MonthAug 2021: +12.06% | +12.4%Positive MonthSep 2021: +12.42% | +10.4%Positive MonthOct 2021: +10.44% | -0.4%Neutral MonthNov 2021: -0.44% | +6.3%Positive MonthDec 2021: +6.29% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ54.84 K Cr | β | βΉ3.33 K Cr | β | β | 19.8% | 16.4% | -5.9% |
| Mar 2024 | βΉ47.11 K Cr | β | βΉ3.54 K Cr | β | β | 24.5% | 23.1% | 6.3% |
| Mar 2023 | βΉ38.27 K Cr | β | βΉ3.33 K Cr | β | β | 27.8% | 40.6% | 52.9% |
| Mar 2022 | βΉ27.21 K Cr | β | βΉ2.18 K Cr | β | β | 23.3% | 32.1% | 148.6% |
| Mar 2021 | βΉ20.60 K Cr | β | βΉ877.00 Cr | β | β | 11.6% | 3.0% | -42.2% |
| Mar 2020 | βΉ20.01 K Cr | β | βΉ1.52 K Cr | β | β | 22.2% | 4.9% | 10.4% |
| Mar 2019 | βΉ19.07 K Cr | β | βΉ1.37 K Cr | β | β | 22.2% | 22.1% | 18.1% |
| Mar 2018 | βΉ15.62 K Cr | β | βΉ1.16 K Cr | β | β | 22.4% | 21.1% | 52.6% |
| Mar 2017 | βΉ12.90 K Cr | β | βΉ762.00 Cr | β | β | 17.7% | 16.4% | 9.2% |
| Mar 2016 | βΉ11.08 K Cr | β | βΉ698.00 Cr | β | β | 19.7% | -6.9% | -15.2% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 10,916 | 11,903 | 11,084 | 12,897 | 15,621 | 19,070 | 20,010 | 20,602 | 27,210 | 38,270 | 47,114 | 54,842 | 60,672 |
| Total Expenses | 9,864 | 10,746 | 10,135 | 11,693 | 13,886 | 17,064 | 17,592 | 18,896 | 23,928 | 33,497 | 42,090 | 49,550 | 54,472 |
| EBIT / Operating Profit | 1,051 | 1,158 | 949 | 1,204 | 1,736 | 2,006 | 2,418 | 1,706 | 3,282 | 4,773 | 5,024 | 5,292 | 6,200 |
| OPM % | 10% | 10% | 9% | 9% | 11% | 11% | 12% | 8% | 12% | 12% | 11% | 10% | 10% |
| Other Income | 117 | 66 | 69 | -40 | -7 | 104 | 146 | 39 | 192 | 296 | 510 | 493 | 464 |
| Finance Costs | 87 | 81 | 42 | 37 | 48 | 44 | 149 | 181 | 195 | 240 | 480 | 767 | 828 |
| Depreciation & Amortisation | 66 | 87 | 87 | 93 | 110 | 139 | 310 | 331 | 347 | 364 | 447 | 537 | 568 |
| Profit Before Tax | 1,016 | 1,056 | 888 | 1,033 | 1,571 | 1,927 | 2,105 | 1,233 | 2,932 | 4,465 | 4,607 | 4,481 | 5,268 |
| Tax % | 27% | 22% | 21% | 26% | 26% | 29% | 28% | 29% | 26% | 25% | 23% | 26% | - |
| Net Profit / PAT | 741 | 823 | 698 | 762 | 1,163 | 1,374 | 1,517 | 877 | 2,180 | 3,333 | 3,544 | 3,335 | 3,896 |
| EPS (βΉ) | 8.35 | 9.27 | 7.86 | 8.58 | 13.10 | 15.48 | 17.09 | 9.88 | 24.56 | 37.54 | 39.92 | 37.57 | 43.88 |
| Dividend Payout % | 25% | 25% | 28% | 30% | 29% | 32% | 23% | 41% | 31% | 27% | 28% | 29% | - |
Peer Comparison
Consumer Discretionary sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Titan Company Limitedthis co. | βΉ3.76 L Cr | βΉ54.84 K Cr | 96.60 | 21.09 | 69.49 | 16.4% |
| Eternal Limited | βΉ2.84 L Cr | βΉ8.62 K Cr | 120.00 | 7.95 | 193.91 | 30.1% |
| Avenue Supermarts Limited | βΉ2.49 L Cr | βΉ57.79 K Cr | 79.80 | 10.46 | 57.86 | 16.7% |
| Trent Ltd [Lakme Ltd] | βΉ1.39 L Cr | βΉ16.67 K Cr | 82.40 | 21.09 | 49.02 | 39.8% |
| Marico Limited | βΉ98.15 K Cr | βΉ7.58 K Cr | 52.30 | 19.38 | 63.51 | 8.3% |
| SWIGGY LIMITED | βΉ96.87 K Cr | βΉ8.80 K Cr | β | 7.26 | -63.92 | 38.0% |
| Indian Hotels Co. Ltd | βΉ96.52 K Cr | βΉ4.92 K Cr | 64.60 | 8.42 | 53.29 | 11.6% |
| Industry Average | β | βΉ4.70 K Cr | 80.04 | 7.96 | 62.25 | 24.3% |
