Titan Company Limited
₹4,448.00+₹4.00 (+0.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,76,364 Cr
- P/E
- 96.6x
- EV / EBITDA
- 69.5x
- Revenue
- ₹54,842 Cr
- Net margin
- 7.5%
- ROCE
- 18.5%
Price chart
Technical chartScreen technicals →+18.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -3.1%
- 3M
- -8.3%
- 6M
- +1.4%
- 1Y
- +18.6%
- 5Y
- +82.9%
52-week range
Day change +₹4.00 (+0.1%) from ₹4,444 to ₹4,448 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TITAN, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 18.7%
Concerns1
- Operating margin declining for 3 consecutive years (12.0% → 11.0% → 10.0%)
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Consumer Discretionary
- Shares outstanding
- 88.8 Cr shares
- ISIN
- INE280A01028
- BSE code
- 500114
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,76,364 Cr
- P/E
- 96.6x
- P/B
- 21.1x
- EV / EBITDA
- 69.5x
- EV / Sales
- 8.2x
- P/S
- 8.0x
- Earnings yield
- 1.0%
- 52-week high
- ₹5,165.00
- 52-week low
- ₹3,548.95
Profitability
- Operating margin
- 10.7%
- Net margin
- 7.5%
- EBITDA margin
- 11.7%
- ROE
- 24.5%
- ROCE
- 18.5%
- ROA
- 10.8%
- Dividend payout
- 28.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 11.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹54,842 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,534 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.9%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,030 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹29.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.0%
Solvency and efficiency
- Current ratio
- 5.24
- Debt / Equity
- 0.88
- Debt / Assets
- 0.39
- Debt / EBITDA
- 2.29
- Interest coverage
- 10.47
- Financial leverage
- 2.27
- CFO / Net profit
- 0.57
- Cash / Market cap
- 5.9%
- Cash per share
- ₹250.84
- Asset turnover
- 1.43
- Fixed asset turnover
- 17.51
- Capital intensity
- 0.06
- Debtor days
- 7 days
- Inventory turnover
- 2.19
- Cash conversion cycle
- 165 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹6 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹49,550 Cr |
| Sales | Operating profit | ₹5,292 Cr |
| Operating profit | Interest | ₹767 Cr |
| Operating profit | Depreciation | ₹537 Cr |
| Operating profit | Profit before tax | ₹3,988 Cr |
| Other income | Profit before tax | ₹493 Cr |
| Profit before tax | Tax and other | ₹1,146 Cr |
| Profit before tax | Net profit | ₹3,335 Cr |
Revenue and net profit
Revenue grew 16.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹20,602 Cr | ₹877 Cr |
| FY2022 | ₹27,210 Cr | ₹2,180 Cr |
| FY2023 | ₹38,270 Cr | ₹3,333 Cr |
| FY2024 | ₹47,114 Cr | ₹3,544 Cr |
| FY2025 | ₹54,842 Cr | ₹3,335 Cr |
Cash flows
FY2025: -₹170 Cr from operations, -₹30.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹4,101 Cr | ₹1,357 Cr |
| FY2022 | -₹1,126 Cr | ₹438 Cr |
| FY2023 | ₹1,810 Cr | ₹157 Cr |
| FY2024 | ₹2,030 Cr | -₹2,604 Cr |
| FY2025 | -₹170 Cr | -₹30 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹54,842 Cr+16.4%1Y
- Net profit
- ₹3,335 Cr-5.9%1Y
- Cash from operations
- -₹170 Cr
- Free cash flow
- -₹30 Cr
- Revenue CAGR, 5Y
- 18.7%
- EBITDA CAGR, 5Y
- 16.6%
- Net profit CAGR, 5Y
- 18.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹54,842 Cr | ₹5,292 Cr | — | ₹3,335 Cr | -₹170 Cr | -₹30 Cr | 19.8% | +16.4% | -5.9% |
Monthly returns
Month-by-month returns of TITAN across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹41,075 Cr |
| Equity capital | ₹89 Cr |
| Reserves | ₹16,722 Cr |
| Borrowings | ₹17,171 Cr |
| Other liabilities | ₹7,093 Cr |
| Assets | ₹41,075 Cr |
| Fixed assets | ₹3,019 Cr |
| Capital work in progress | ₹94 Cr |
| Investments | ₹7,723 Cr |
| Other assets | ₹30,239 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TITAN trades at 96.6x earnings against a peer median of 55.4x (a 74% premium).
Not shown (no positive earnings and no EV / Sales): SWIGGY LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Titan Company LimitedTITANthis companyP/E ↑ premium | ₹3.8 L Cr | 96.6x | 21.1x | 24.5% | 69.5x |
| Eternal LimitedETERNAL | ₹2.8 L Cr | 120.0x | 8.0x | 6.0% | 193.9x |
| Avenue Supermarts LimitedDMART | ₹2.5 L Cr | 79.8x | 10.5x | 14.0% | 57.9x |
| Trent Ltd [Lakme Ltd]TRENT | ₹1.4 L Cr | 82.4x | 21.1x | 32.3% | 49.0x |
| Marico LimitedMARICO | ₹98,148 Cr | 52.3x | 19.4x | 30.0% | 63.5x |
| SWIGGY LIMITEDSWIGGY | ₹96,874 Cr | — | 7.3x | 28.7% | -63.9x |
| Indian Hotels Co. LtdINDHOTEL | ₹96,523 Cr | 64.6x | 8.4x | 10.8% | 53.3x |
| United Spirits LimitedUNITDSPR | ₹95,949 Cr | 55.4x | 11.9x | 18.8% | 46.6x |
| LG Electronics India LimitedLGEINDIA | ₹94,943 Cr | 46.2x | — | 40.1% | 38.6x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
TITAN since 1 January, against earlier years.
Historical volatility
TITAN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 8.0% |
| FY2022 | 12.0% |
| FY2023 | 12.0% |
| FY2024 | 11.0% |
| FY2025 | 10.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹54,842 Cr |
| Costs | |
| Interest | ₹767 Cr |
| Expenses | ₹49,550 Cr |
| Operating profitOperating Profit | ₹5,292 Cr |
| Other income and charges | |
| Profit before tax | ₹4,481 Cr |
| Tax | |
| Net profitNet Profit | ₹3,335 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹41,075 Cr |
| Equity capitalEquity Capital | ₹89 Cr |
| Reserves | ₹16,722 Cr |
| Borrowings | ₹17,171 Cr |
| Other liabilitiesOther Liabilities | ₹7,093 Cr |
| AssetsTotal Assets | ₹41,075 Cr |
| Fixed assetsFixed Assets | ₹3,019 Cr |
| Capital work in progressCWIP | ₹94 Cr |
| Investments | ₹7,723 Cr |
| Other assetsOther Assets | ₹30,239 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹170 Cr |
| Investing cash flowCash from Investing Activity | ₹140 Cr |
| Financing cash flowCash from Financing Activity | ₹1 Cr |
| Change in cashNet Cash Flow | -₹29 Cr |
Learn while you research
Academy chapters picked for Titan Company Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 96.6, learn when high multiples are justified.6 min read
- 04 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read