TITANConsumer Durables

Titan Company Limited

Gems, Jewellery And Watches · ISIN INE280A01028 · BSE 500114 · NSE EQ · FV ₹1
Last price
₹4,841
-1.38%today
What this company does

Titan Company Limited operates in Gems, Jewellery And Watches, part of the Consumer Durables sector. It booked ₹21,356 cr of revenue in its latest quarter (Q1 FY27) and kept 8.3% of sales as profit. It is the largest of 9 Gems, Jewellery And Watches companies we track, by market value.

Titan Holdings (TH) is the holding company for Titan’s TCTL is engaged in the business of trading in all types of operating businesses in the Gulf Cooperation Council direct and derived commodities including commodity (GCC) regions and is a Free Zone Company in the UAE.
In the report:
57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 25–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns91

How much profit it earns on the money it employs

Balance sheet20

How much it owes, and whether earnings cover the interest

Cash quality56

Whether reported profit actually arrives as cash

Growth & consistency72

Whether sales and profit have grown, and how steadily

Valuation6

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 29% vs last year
Profit up 63% vs last year
Promoters hold 53%
No promoter shares pledged
Strong 45% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in TITAN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹4,841 -1.38%
latest close · 2026-09-17
1-year return
+166.7%
52-wk low ₹1,79752-wk high ₹5,187
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio60.4High
LowAverageHigh
P/B ratio27.37High
Below bookModerateHigh
EV / EBITDA36.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity45.3%Strong
WeakFairStrong ▸15%
Return on capital53.5%Strong
WeakFairStrong
Net margin8.3%Decent
ThinDecentStrong
EBITDA margin14.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.72Moderate
LowModerateHigh ▸1
Interest cover7.9×Strong
RiskyOkayStrong ▸5×
Current ratio1.28Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4.30 L cr
Book value
₹177
EPS
₹20.03
latest quarter
Net debt
₹10,505 cr
owes more than its cash
Enterprise value
₹4.40 L cr
EBITDA
₹12,144 cr
annualised
EBIT
₹11,120 cr
annualised
Operating margin
13.0%
Return on assets
11.7%
Earnings yield
1.66%
P/S
5.03
Sales / share
₹962.2
Tax rate
26.9%
Face value
₹1
Shares
88.8 cr
Working capital
₹10,988 cr
Current assets
₹50,781 cr
Current liabilities
₹39,793 cr
Delivery %
57.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹533₹726, midpoint ₹545

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹21,356 cr
Other Income₹146 cr
Total Income₹21,502 cr
Cost of Materials₹11,147 cr
Purchases of Stock-in-Trade₹2,906 cr
Inventory Change (±)₹1,896 cr
Employee Benefit Expense₹804 cr
Finance Costs₹353 cr
Depreciation & Amortisation₹256 cr
Other Expenses₹1,713 cr
Total Expenses₹19,075 cr
Profit before Tax₹2,427 cr
Tax Expense₹652 cr
Share of JV / Associates₹2 cr
Net Profit₹1,777 cr
Net margin on total income8.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹15,949 cr74.2%
Employee benefit expense₹804 cr3.7%
Finance costs₹353 cr1.6%
Depreciation & amortisation₹256 cr1.2%
Other expenses₹1,713 cr8.0%
Tax expense₹652 cr3.0%
Profit for the period₹1,777 cr8.3%
Total income ₹21,502 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue25,416 cr26,920 cr21,356 cr
Total income25,567 cr27,104 cr21,502 cr
Expenses23,192 cr25,579 cr19,075 cr
Profit before tax2,223 cr1,576 cr2,427 cr
Tax539 cr398 cr652 cr
Net profit (owners' share)1,684 cr1,179 cr1,777 cr
Net margin (owners' share, on revenue)6.6%4.4%8.3%
EPS (₹)18.9813.0020.03
YoY (latest quarter): total income +29.3% · net profit +62.9%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹60,561 cr
Shareholder equity
₹15,703 cr
parent shareholders
Total debt
₹11,378 cr
Cash
₹873 cr
Cash flow · H1 FY26
Operating
₹3,444 cr
Investing
₹-1,097 cr
Financing
₹-2,451 cr
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limitedthis company₹4,841₹4.30 L cr60.4
Kalyan Jewellers India Limited₹581₹60,049 cr43.0
Thangamayil Jewellery Limited₹4,811₹14,953 cr43.9
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
BlueStone Jewellery and Lifestyle Limited₹831₹12,667 cr451.7
SKY GOLD AND DIAMONDS LIMITED₹793₹12,286 cr29.7
PC Jeweller Limited₹12₹11,992 cr13.4
P N Gadgil Jewellers Limited₹601₹8,158 cr19.4
Ethos Limited₹2,651₹7,093 cr63.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.31%
trailing 12 months
Dividend / share (TTM)
₹15
Last dividend
₹15
ex 9 Jul 2026
ActionDetailEx-date
Dividend₹15 / share9 Jul 2026
Dividend₹11 / share8 Jul 2025
Dividend₹11 / share27 Jun 2024
Dividend₹10 / share13 Jul 2023
Dividend₹7.5 / share8 Jul 2022
Dividend₹4 / share22 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
52.9%
FII / Foreign
15.4%
DII / Domestic
15.3%
Retail / others
16.3%
Smart-money activity
Insider trades
SoldTitan Employee Stock Option Trust · Connected Person26,454 · ₹13.2 cr8 Sep 26
SoldTitan Employee Stock Option Trust · Connected Person26,033 · ₹13.0 cr7 Sep 26
SoldTitan Employee Stock Option Trust · Connected Person30,581 · ₹15.6 cr10 Aug 26
Bulk / block deals
short · NSE39 Sep 26
short · NSE231 Aug 26
short · NSE70227 Aug 26
Stake changes
SoldRakesh Jhunjhunwala→ 7.37% · 1.25 cr28 Jun 18
BothTATA STEEL LTD · promoter→ 0.00% · 1.94 cr11 Aug 15
BothTata Sons Limited · promoter→ 19.59% · 1.94 cr11 Aug 15
Promoter pledges
ReleasedStandard Chartered Bank25.60 L · 0.29% held22 Dec 14
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 23 Mar 2026
See the official result
1
Appointment of Ms. Sandhya Venugopal Sharma, IAS (DIN:08445015) as a Director
Backed by 97% of shareholders other than promotersneeded 50%
27.97 cr votes for, 94.29 L against · 4% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 389 named members
owning 52.9% between them · as of 2026-06-30
Tamilnadu Industrial Development Corporation Ltd27.88%
Tata Sons Private Limited20.84%
Tata Investment Corporation Ltd2.01%
Tata Chemicals Limited1.56%
Ewart Investments Limited0.56%
Piem Hotels Limited0.05%
3-101-951221 SOCIEDAD ANONIMAno shares
915 Labs Incno shares
Business done with them
FY2026 · 12 of the group
The company paid ₹887 cr to companies in the promoter group last year — about 1.0% of its ₹87,584 cr revenue and received ₹57 cr back from them.
Tata Sons Private Limited
Other payments to them · Rent, Dividend Paid, Royalty
also owns 20.84% of the company
₹333 cr
company paid
Tamilnadu Industrial Development Corporation Limited
Other payments to them · Dividend paid
also owns 27.88% of the company
₹272 cr
company paid
Tata Electronics Products and Solutions Private Limited
Bought property or assets from them · Purchase of property, plant and equipment
₹166 cr
company paid
Tata Consultancy Services Limited
Paid them for services · Revenue from operations, Purchase of services
₹51 cr
company paid
TATA ELECTRONICS PRIVATE LIMITED
Sold goods to them · Revenue from operations
₹47 cr
company received
TATA ELECTRONICS SYSTEMS SOLUTIONS PRIVATE LIMITED
Bought property or assets from them · Purchase of property, plant and equipment
₹44 cr
company paid
The Tata Power Company Limited
Bought property or assets from them · Purchase of property, plant and equipment
₹9 cr
company paid
THE INDIAN HOTELS COMPANY LIMITED
Paid them for services · Purchase of Services,
₹6 cr
company paid
Tata Consultancy Services Limited
Sold goods to them · Revenue from operations, Purchase of services
₹4 cr
company received
THE INDIAN HOTELS COMPANY LIMITED
Sold goods to them · Purchase of Services,
₹3 cr
company received
Tata Elxsi Limited
Bought property or assets from them · Purchase of property, plant and equipment
₹3 cr
company paid
TATA REALTY AND INFRASTRUCTURE LIMITED.
Other income from them · Inter-corporate deposit redeemed Inter-corporate deposit placed
₹3 cr
company received
TATA Communications Limited
Paid them for services · Purchases of Services
₹2 cr
company paid
Tata Sons Private Limited
Leases As Lessee · Rent, Dividend Paid, Royalty
also owns 20.84% of the company
₹1 cr
company received
Tata Semiconductor Assembly and Test Private Limited
Bought property or assets from them · Purchase of property, plant and equipment
₹1 cr
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.