T

Titan Company Limited

TITANNSE
Market snapshot · 2026-08-11 13:10 UTC

5,128.00

+₹38.00 (+0.75%)

MARKET CAP

₹4.55L Cr

STOCK P/E

76.9x

52W HIGH

₹5,168.00

52W LOW

₹3,303.10

BOOK VALUE

₹176.88

EPS

₹66.68

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

195.00

VOLUME

16.65L

P/B RATIO

28.99x

PEG RATIO

1.22

Sector

Consumer Discretionary

Themes

Precious Metals, Jewellery & WatchesTata GroupWatchRakesh Jhunjhunwala Portfolio
D
Dividend
E
Earnings
₹4,941.00₹4,534.86₹4,128.71₹3,722.57₹3,316.42VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Titan is a consumer discretionary company selling watches, jewellery, eyewear, fragrances, bags, and accessories. Jewellery, led by Tanishq, Mia, CaratLane, and Zoya, is the core revenue driver, alongside watches and wearables and eyewear. Recent share-price momentum and market attention may support investor sentiment, but the provided developments do not establish operational margin expansion. Revenue grew 44.8% year-on-year and profit increased 52%, yet declining margins indicate weaker earnings quality despite faster profit growth. ROE is unavailable, while debt-to-equity of 195 implies substantial leverage that can amplify reported returns and financial risk. At 78.6 times earnings, Titan appears richly valued and trades at a premium to its growth rate. The key open question is whether jewellery-led expansion can sustain growth while margins decline and leverage remains elevated.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for TITAN.

37.00 analysts

Price Forecast

Current
₹5,128
High Target
₹6,000
▲ +17.0%
Median Target
₹5,400
▲ +5.3%
Low Target
₹4,350
▼ -15.2%
Now₹5,128High ₹6,000Median ₹5,400Low ₹4,350Aug '25Now12M Target
Price history (1Y)
Analyst target range
37 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹4,562 - ₹6,14080%
6M₹4,428 - ₹6,73980%
12M₹4,323 - ₹7,83280%
Realized vol: +23.2% · Drift: +15.3%

Revenue Forecast

₹ Cr
Dec '25Current₹22,522.0
Sep 2026 ETrend estimate range
High₹22,967.5Base₹21,266.2Low₹19,564.9
Mar '25: ₹13,477.0 · Jun '25: ₹14,564.0 · Sep '25: ₹16,534.0 · Dec '25: ₹22,522.0 · Sep '26: ₹21,266.2 · Dec '26: ₹28,968.0
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E13,477.014,564.016,534.022,522.021,266.228,968.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹16.57
Sep 2026 ETrend estimate range
High₹17.99Base₹16.06Low₹14.13
Mar '25: ₹9.81 · Jun '25: ₹11.61 · Sep '25: ₹11.34 · Dec '25: ₹16.57 · Sep '26: ₹16.06 · Dec '26: ₹23.47
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E9.8111.6111.3416.5716.0623.47
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
58%
Analyst Consensus
Weakening

From 37 analysts

Mean upside+2.3%

Fundamentals

Strong

Fundamentals institutional score is 100 using growth durability 100.0.

Valuation

Premium valuation

Valuation institutional score is 10 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 54 using mean target upside 2.3%; dispersion penalty 12.6; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 36 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and market sentiment provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Weak StructureMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price5,245.1 target
Mean Upside+2.3%
Technical Score36%
Fundamental Score100%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 44.9% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +3.49). Confidence: 88%.

Live forward EPS implies next-12-month EPS of ₹87.55. Applying the stock's normalized valuation corridor produces a fair range of ₹4,356.49 to ₹4,987.72, with base value near ₹4,648.03 (-9.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹87.55

Forward P/E

58.6x

Base Fair Value

₹4,648.03

Fair Range

₹4,356.49 - ₹4,987.72

Upside To Base

-9.4%

Estimate Source

Live forward EPS

Growth Estimate

+62.8%

P/E
Strongly Overvalued

5Y Average

48.07

Current

76.90

Overvalued

56.97

Undervalued

49.76

EV/EBITDA
Strongly Overvalued

5Y Average

33.65

Current

53.84

Overvalued

38.28

Undervalued

26.98

P/S
Strongly Overvalued

5Y Average

3.08

Current

4.92

Overvalued

3.54

Undervalued

2.62

Peers & Comparison

Sector: Consumer Discretionary · Theme: Precious Metals, Jewellery & Watches

Precious Metals, Jewellery & Watches Peers1 peer
Avg P/E: 88.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
TRENT LTD
TRENTRetail - Apparel
+17.8%8.6%
88.5x
Fair
0% vs avg
-43.6%
WHY THESE PEERS

TITAN COMPANY LIMITED trades in line with peers (76.9x vs avg 88.5x), reflecting a fair valuation within the Precious Metals, Jewellery & Watches cohort. Peers include TRENT LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹22.52K CrDec 2025

Latest net profit

₹1.61K CrDec 2025

Latest EPS

₹16.57Dec 2025

Net margin

9.7%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%3.0%6.0%9.0%12.0%0.00 Cr6.00K Cr12.00K Cr18.00K Cr24.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr6.00K Cr12.00K Cr18.00K Cr24.00K Cr₹0₹5₹10₹15₹20
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr6.00K Cr12.00K Cr18.00K Cr24.00K Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-3.00K Cr0.00 Cr3.00K Cr6.00K Cr9.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales9,70411,14511,66013,05211,25712,05313,21516,09713,47714,56416,53422,522
Expenses8,66010,04210,30511,59510,14810,84212,08214,58712,03912,93214,91420,186
Operating Profit9491,0041,2451,3399891,0851,0011,3751,2941,4891,4742,185
OPM %9.78%9.01%10.68%10.26%8.79%9%7.57%8.54%9.6%10.22%8.91%9.7%
Other Income10499122139150118127131117107109167
Interest7479106133162182195186204216222243
Depreciation9599110118120126132135144143146151
Profit before tax9791,0241,2611,3459771,0219331,3201,2071,3801,3612,109
Tax %25.03%24.12%25.46%22.68%19.55%24.58%24.44%25%27.92%25.36%26.08%23.76%
Net Profit7347779401,0407867707059908701,0301,0061,608
EPS in Rs8.278.7610.5811.738.878.687.9511.169.8111.6111.3416.57

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters25.02%25.02%25.02%25.02%25.02%
FII17.81%17.53%16.10%15.54%15.65%
DII12.28%12.86%14.18%15.10%15.10%
Government27.88%27.88%27.88%27.88%27.88%
Public15.08%14.79%14.83%14.55%14.47%
Others1.93%1.92%1.99%1.91%1.88%
Mar 2026
Promoters
FII
DII
Government
Public
Others

Events Timeline

Concall Transcript - FY2027

Jul 14, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 19, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 12, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 25, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 14, 2026PDFKnowledge Base Open