Titan Company Limited
NSE: TITAN · Gems, Jewellery And Watches · sector
₹4,323.00NSE close 2026-10-26
Key numbers
Market cap₹3,83,796 cr
Price₹4,323.00
52w high / low₹5,187 / ₹3,667
P/E66.9xSector median 16.4x
P/B24.4xSector median 1.9x
Book value₹176.9
Dividend yield0.25%Sector median 0.46%
ROE42.2%Sector median 14.7%
ROCE33.3%Sector median 15.0%
OPM10.1%Sector median 6.6%
Debt / equity0.72xSector median 0.26x
EV/EBITDA42.0xSector median 15.4x
Interest cover7.1x
Current ratio1.28x
Sales growth 3y+29.2%Sector median +25.6%
Profit growth 3y+16.0%Sector median +26.1%
PEG4.20x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4,166 cr vs borrowings ₹11,378 cr (FY26): borrowings are higher by ₹7,212 cr.
- Borrowings rose in each of the last 3 years (₹2,195 cr → ₹11,378 cr).
- Operating profit covered interest 7.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹4,323.00 on 2026-10-26: -16.7% from the 52-week high, +17.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹5,100.00 · low ₹3,026.80
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14,534 | 17,740 | 14,916 | 16,523 | 18,725 | 25,416 | 26,920 | 21,356 |
| EBITDA | 1,236 | 1,674 | 1,537 | 1,830 | 1,875 | 2,561 | 1,988 | 2,890 |
| OPM % | 8.5% | 9.4% | 10.3% | 11.1% | 10.0% | 10.1% | 7.4% | 13.5% |
| Other income | 122 | 128 | 116 | 105 | 112 | 151 | 184 | 146 |
| Net profit | 704 | 1,047 | 871 | 1,091 | 1,120 | 1,684 | 1,179 | 1,777 |
| EPS (₹) | 7.94 | 11.80 | 9.82 | 12.30 | 12.63 | 18.98 | 13.00 | 20.03 |
| Revenue YoY | +28.8% | +43.3% | +80.5% | +29.3% | ||||
| Profit YoY | +59.1% | +60.8% | +35.4% | +62.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 28,799 | 40,575 | 51,084 | 60,456 | 87,584 | 92,417 |
| EBITDA | 3,287 | 4,879 | 5,292 | 5,694 | 8,254 | 9,314 |
| Net profit | 2,173 | 3,250 | 3,496 | 3,337 | 5,073 | 5,760 |
| EPS (₹) | 24.48 | 36.61 | 39.38 | 37.62 | 57.00 | 64.64 |
| Revenue growth | +40.9% | +25.9% | +18.3% | +44.9% | +45.0% | |
| Profit growth | +49.6% | +7.6% | -4.5% | +52.0% | +55.1% | |
| Dividend / share (₹) | 4.00 | 7.50 | 10.00 | 11.00 | 11.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +29.2% | +32.3% | +45.1% |
| Net profit | +16.0% | +39.1% | +55.1% |
| EPS | +15.9% | +39.1% | – |
| Share price | – | +14.1% (2y) | +17.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 11,851 | 9,393 | 11,624 | 15,703 |
| Borrowings | – | 2,195 | 7,838 | 10,286 | 11,378 |
| Cash & equivalents | – | 3,507 | 3,192 | 2,921 | 4,166 |
| Total assets | – | 27,023 | 31,550 | 40,647 | 60,561 |
| Fixed assets | – | 1,343 | 1,737 | 1,854 | 2,684 |
| Capital work in progress | – | 133 | 88 | 93 | 135 |
| Investments | – | 351 | 679 | 651 | 1,105 |
| Receivables | – | 674 | 1,018 | 1,068 | 916 |
| Inventory | – | 16,584 | 19,051 | 28,184 | 42,743 |
| Payables | – | 6,513 | 6,751 | 1,963 | 18,934 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -724 | 1,370 | 1,759 | -548 | 5,590 |
| Cash from investing | 1,164 | -1,811 | -253 | 551 | -2,934 |
| Cash from financing | -403 | 457 | -1,329 | 7 | -2,159 |
| Capex | 224 | 432 | 691 | 494 | 902 |
| Free cash flow | -948 | 938 | 1,068 | -1,042 | 4,688 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 27.4% | 37.2% | 28.7% | 32.3% |
| ROCE % | – | 33.8% | 30.4% | 25.0% | 29.5% |
| Debtor days | – | 6 | 7 | 6 | 4 |
| Inventory days | – | 199 | 176 | 217 | 222 |
| Payable days | – | 78 | 62 | 15 | 98 |
| Cash conversion cycle (days) | – | 127 | 121 | 208 | 128 |
| Working capital days | – | 82 | 65 | 52 | 46 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.90% |
| FIIs | 16.37% |
| DIIs | 14.42% |
| of which Mutual funds | 8.01% |
| of which Insurance | 4.29% |
| Government | 0.00% |
| Public (non-institutions) | 16.20% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.90% | 52.90% | 52.90% | 52.90% | 52.90% | 52.90% | 52.90% | 52.90% |
| Promoter group | % |
|---|---|
| Tamilnadu Industrial Development Corporation Ltd | 27.88% |
| Tata Sons Private Limited | 20.84% |
| Tata Investment Corporation Ltd | 2.01% |
| Tata Chemicals Limited | 1.56% |
| Ewart Investments Limited | 0.56% |
| Piem Hotels Limited | 0.05% |
| Chennai Aerospace Park Limited | 0.00% |
| Tamil Nadu Centre of Excellence for Advanced Manufacturing (Section 8 Company) | 0.00% |
| Tamilnadu Smart and Advanced Manufacturing Centre(Section 8 Company) | 0.00% |
| Tamilnadu Advance Manufacturing Centre of Excellence Private Limited | 0.00% |
| Tamilnadu Engineering and Innovation Centre Limited | 0.00% |
| Tamilnadu Research Park Foundation | 0.00% |
| Actve Digital Services Private Limited | 0.00% |
| Agratas Energy Storage Solutions Private Limited | 0.00% |
| AI Fleet Services IFSC Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Rekha Jhunjhunwala | 4.24% |
| Life Insurance Corporation of India | 2.16% |
| Sbi Nifty 50 Etf | 1.85% |
| NPS Trust A/C - LIC Pension Fund Limited - NPS Lite Scheme - Govt. Pattern | 1.79% |
| Uti-flexi CAP Fund | 1.08% |
| Rekha Jhunjhunwala | 1.07% |
7,24,298 shareholders. Pledged: 0.00% of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| TIMEX | ₹6,364 cr | 75.0x | 57.2x | 87.9% | 86.1% | 14.4% | +27.7% | 0.37% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Jewellery | ₹79,660 cr | 90.4% | ₹7,209 cr | 9.0% |
| Watches | ₹5,267 cr | 6.0% | ₹824 cr | 15.6% |
| Others | ₹2,006 cr | 2.3% | ₹173 cr | 8.6% |
| Eyecare | ₹916 cr | 1.0% | ₹77 cr | 8.4% |
| Corporate | ₹287 cr | 0.3% | ₹-201 cr | -70.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-09 | Dividend | Dividend - Rs 15 Per Share |
| 2025-07-08 | Dividend | Dividend - Rs 11 Per Share |
| 2024-06-27 | Dividend | Annual General Meeting/Dividend - Rs 11 Per Share |
| 2023-07-13 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2022-07-08 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2021-07-22 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2020-08-03 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2019-07-29 | Dividend | Annual General Meeting/ Dividend - Rs 5 Per Share |
| 2018-07-23 | Dividend | Annual General Meeting/Dividend- Rs 3.75 Per Share |
| 2017-07-24 | Dividend | Dividend - Rs 2.60 Per Share |
| 2016-07-22 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Rs 2.20/- Per Share (Purpose Revised) |
| 2015-07-17 | Dividend | Annual General Meeting/Dividend - Rs 2.30/- Per Share |
| 2014-07-15 | Dividend | Annual General Meeting / Dividend - Rs 2.10/- Per Share |
| 2013-07-16 | Dividend | Annual General Meeting/Dividend Rs 2.10/- Per Share |
| 2012-07-13 | Dividend | Annual General Meeting /Dividend Rs. 1.75 Per Share |
| 2011-07-22 | Dividend | Dividend-Rs.1.25 Per Share |
| 2011-06-23 | Split | Bonus 1:1 / Face Value Split From Rs.10/- To Re.1/- |
| 2010-07-09 | Dividend | Dividend-Rs.15/- Per Share |
| 2009-07-10 | Other | Agm/Div-Rs.10/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Jewellery: Design, Manufacturing and Retailing of Jewellery
- Watches & Wearables: Design, Manufacturing and Retailing of Watches and Wearables
- EyeCare: Design, Manufacturing and Retailing of Eyewear and sunglasses
- Emerging Businesses: Design and Retailing of Indian Dresswear, Fragrances & Fashion Accessories.
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | TITAN |
| BSE code | 500114 |
| ISIN | INE280A01028 |
| Face value | ₹1.0 |
| Incorporated | 1984-07-26 |
| Website | www.titancompany.in |
| Plants (India / abroad) | 10 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.