Financials Titan Company Limited NSE India S.E.

Equities

TITAN

INE280A01028

Apparel & Accessories

Market Closed - NSE India S.E. 07:43:49 2024-04-26 am EDT 5-day change 1st Jan Change
3,585 INR +0.38% Intraday chart for Titan Company Limited +0.61% -2.47%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,009,857 828,748 1,382,638 2,251,559 2,232,871 3,182,181 - -
Enterprise Value (EV) 1 1,016,085 839,409 1,389,058 2,306,969 2,281,931 3,218,776 3,210,038 3,190,960
P/E ratio 73.5 x 54.6 x 158 x 103 x 67 x 87.8 x 70.3 x 57.1 x
Yield 0.44% 0.43% 0.26% 0.3% 0.4% 0.33% 0.4% 0.47%
Capitalization / Revenue 5.3 x 4.14 x 6.71 x 8.27 x 5.83 x 6.8 x 5.81 x 4.91 x
EV / Revenue 5.33 x 4.2 x 6.74 x 8.48 x 5.96 x 6.88 x 5.86 x 4.92 x
EV / EBITDA 50.7 x 34.7 x 81.7 x 70.4 x 47.8 x 61.2 x 48.9 x 40.4 x
EV / FCF 99.4 x -140 x 34.8 x -178 x 150 x 103 x 94.1 x 98.5 x
FCF Yield 1.01% -0.71% 2.87% -0.56% 0.67% 0.97% 1.06% 1.01%
Price to Book 16.3 x 12.1 x 18.4 x 24.1 x 18.7 x 21.3 x 17.2 x 13.9 x
Nbr of stocks (in thousands) 887,786 887,786 887,786 887,786 887,786 887,786 - -
Reference price 2 1,138 933.5 1,557 2,536 2,515 3,584 3,584 3,584
Announcement Date 5/8/19 6/8/20 4/29/21 5/3/22 5/3/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 190,700 200,096 206,020 272,100 382,700 467,647 547,351 648,174
EBITDA 1 20,022 24,177 17,010 32,790 47,700 52,557 65,697 79,059
EBIT 1 18,633 21,080 13,700 29,320 44,060 48,213 60,445 73,318
Operating Margin 9.77% 10.54% 6.65% 10.78% 11.51% 10.31% 11.04% 11.31%
Earnings before Tax (EBT) 1 19,274 21,050 12,330 29,320 44,650 48,053 59,094 71,381
Net income 1 13,744 15,176 8,770 21,800 33,330 35,945 44,747 55,047
Net margin 7.21% 7.58% 4.26% 8.01% 8.71% 7.69% 8.18% 8.49%
EPS 2 15.48 17.09 9.880 24.56 37.54 40.84 50.96 62.74
Free Cash Flow 1 10,225 -5,986 39,900 -12,990 15,220 31,205 34,100 32,382
FCF margin 5.36% -2.99% 19.37% -4.77% 3.98% 6.67% 6.23% 5%
FCF Conversion (EBITDA) 51.07% - 234.57% - 31.91% 59.37% 51.91% 40.96%
FCF Conversion (Net income) 74.4% - 454.96% - 45.66% 86.81% 76.21% 58.83%
Dividend per Share 2 5.000 4.000 4.000 7.500 10.00 11.97 14.42 16.74
Announcement Date 5/8/19 6/8/20 4/29/21 5/3/22 5/3/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1
Net sales 1 72,870 71,350 32,490 71,700 95,150 72,760 89,610 87,300 108,750 97,040 111,450 100,539 228,050 129,359 107,003 -
EBITDA 1 8,580 7,950 1,440 9,540 13,990 7,820 11,640 12,340 13,300 10,440 11,030 12,477 - 16,131 12,092 -
EBIT 1 7,740 7,130 610 8,630 13,140 6,940 10,770 - 12,370 - 10,040 11,816 - - 10,902 -
Operating Margin 10.62% 9.99% 1.88% 12.04% 13.81% 9.54% 12.02% - 11.37% - 9.01% 11.75% - - 10.19% -
Earnings before Tax (EBT) 1 6,280 7,020 820 8,680 13,170 6,650 10,660 11,550 12,670 9,790 10,240 11,228 - 14,863 10,977 -
Net income 1 4,190 5,290 610 6,410 9,870 4,910 7,930 8,570 9,510 7,340 7,770 8,639 - 11,246 7,993 -
Net margin 5.75% 7.41% 1.88% 8.94% 10.37% 6.75% 8.85% 9.82% 8.74% 7.56% 6.97% 8.59% - 8.69% 7.47% -
EPS 2 4.720 5.960 0.6900 7.220 11.12 5.530 8.930 9.660 10.71 8.270 8.760 9.505 - 11.71 9.902 -
Dividend per Share 2 - 4.000 - - - 7.500 - - - 10.00 - - - - 12.50 -
Announcement Date 2/10/21 4/29/21 8/4/21 10/27/21 2/3/22 5/3/22 8/5/22 11/4/22 2/2/23 5/3/23 8/2/23 - 11/3/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,228 10,661 6,420 55,410 49,060 36,595 27,857 8,779
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.311 x 0.4409 x 0.3774 x 1.69 x 1.029 x 0.6963 x 0.424 x 0.111 x
Free Cash Flow 1 10,225 -5,986 39,900 -12,990 15,220 31,205 34,101 32,382
ROE (net income / shareholders' equity) 25% 23.3% 12.2% 25.8% 31.2% 27.3% 28.6% 28.6%
ROA (Net income/ Total Assets) 13.7% 12.3% 6.04% 12.1% 14.7% 12.4% 13.3% 14.1%
Assets 1 100,675 123,284 145,240 179,985 226,126 290,060 336,789 389,491
Book Value Per Share 2 69.60 76.90 84.90 105.0 135.0 169.0 209.0 258.0
Cash Flow per Share 2 14.10 -3.250 46.20 -12.70 20.40 18.00 25.10 38.90
Capex 1 2,265 3,105 1,110 1,730 2,880 3,654 3,869 4,173
Capex / Sales 1.19% 1.55% 0.54% 0.64% 0.75% 0.78% 0.71% 0.64%
Announcement Date 5/8/19 6/8/20 4/29/21 5/3/22 5/3/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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