TITAN · NSE
Titan Company Limited
₹4,798.5
-0.88% (-₹42.5)
Prev. close
₹4,841
Volume
10,66,023
Delivery %
70.8%
As of
18 Sept 2026
Price history
CLSA Analysis · CLSA · 11 Aug 2026
“Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat analyst estimates. The consensus 12-month target price for Titan stands at ₹5,387.08, implying an upside of approximately 5.7% from Monday's closing price of ₹5,098.20.”
Analyst sentiment
Analysts lean bullish
15 analyst stances · last 90 days · one per analyst
Trackable
13 · 11 bull / 1 neutral / 1 bear
Long-Horizon
none in window
Commentary
2 · 2 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bearish on Titan Company, recommending selling futures with a target price of ₹4,730 and a stop loss of ₹4,930. After a …” | Ajit MishraReligare Broking | Titan Company | PENDING | ||||
| “Bullish on Titan Company Limited (TTAN) with a 'Buy' rating and a target price of ₹6,000 per share, based on 60x Sep'28E…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Titan Company Limited | PENDING | ||||
| “Bullish on Titan Company, retaining a Buy rating with a target price of ₹5,550 per share, implying a 9% upside. This out…” | Nihal Mahesh Jham, Pratik Gothi and Nupur VyasHSBC Global Investment Research | Titan Company | PENDING | ||||
| “Bullish on Titan with a 'buy' rating and a target price of ₹6,000, indicating an 18% upside. The call is driven by the c…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Titan Company Limited | PENDING | ||||
| “Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat…” | CLSA AnalysisCLSA | Titan Company Limited | PENDING | ||||
“Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat analyst estimates. The consensus 12-month target price for Titan stands at ₹5,387.08, implying an upside of approximately 5.7% from Monday's closing price of ₹5,098.20.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat…” | Nomura AnalysisNomura Global Markets Research | Titan Company Limited | PENDING | ||||
| “Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat…” | UBS AnalysisUBS | Titan Company Limited | PENDING | ||||
| “Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat…” | Morgan Stanley AnalysisMorgan Stanley India | Titan Company Limited | PENDING | ||||
| “Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat…” | Goldman Sachs AnalysisGoldman Sachs Group Inc. | Titan Company Limited | PENDING | ||||
| “Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat…” | HSBC AnalysisHSBC | Titan Company Limited | PENDING | ||||
| “Bullish on Titan, raising its price target after the jewellery-to-watches maker reported June-quarter earnings that beat…” | Citi AnalysisCitigroup Inc. | Titan Company Limited | PENDING | ||||
| “Nuvama has downgraded Titan Company to 'Hold' from 'Buy' following the stock's recent rally, while raising its target pr…” | Nuvama AnalysisNuvama Alternative & Quantitative Research | Titan Company | PENDING | ||||
| “Citi maintains its 'Buy' rating on Titan Company, raising its target price to ₹5,700 from ₹5,075, implying a 15% upside …” | Citi AnalysisCitigroup Inc. | Titan Company | PENDING | ||||
| “Motilal Oswal maintains a 'Buy' rating on Titan with a target price of ₹6,000, based on 60x September 2028E EPS. The bro…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Titan Company | PENDING | ||||
| “Downgraded Titan Company to 'Hold' from 'Buy' following a sharp recent run-up, while raising its target price from ₹5,03…” | Nuvama AnalysisNuvama Alternative & Quantitative Research | Titan Company | PENDING | ||||
| “Retained a 'Buy' call on Titan Company with a target price of ₹6,000, indicating a 21% upside, and raised EPS estimates …” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Titan Company | PENDING | ||||
| “Maintained an 'Add' rating on Titan Company with a target price of ₹5,600, believing the company has eased concerns abou…” | Emkay Global Financial Services AnalysisEmkay Global Financial Services | Titan Company | NOT GRADED | ||||
| “Maintained a 'Buy' rating on Titan Company, raising the target price to ₹5,700 from ₹5,075, implying a 15% upside. The b…” | Citi AnalysisCitigroup Inc. | Titan Company | PENDING | ||||
| “HSBC sets a target price of ₹5,290 for Titan Company, suggesting an 8% upside. The outlook for India's jewellery segment…” | HSBC AnalysisHSBC | Titan Company | PENDING | ||||
| “Maintains an Add rating on Titan Company with a revised DCF-based target price of ₹5,250 (14% upside), up from ₹5,100, a…” | ICICI Securities AnalysisICICI Securities | Titan Company | NOT GRADED | ||||
| “Maintains a Buy rating on Titan Company with a target price of ₹5,000, indicating a 9% upside. Nomura views Titan as a k…” | Nomura AnalysisNomura Global Markets Research | Titan Company | PENDING | ||||
| “Maintained a 'Buy' rating on Titan with a target price of ₹5,075. Citi noted that domestic jewellery revenue, excluding …” | Citi AnalysisCitigroup Inc. | Titan Company Ltd. | NOT GRADED | ||||
| “Retains an 'Outperform' rating on Titan with a target price of ₹5,249. The brokerage noted that domestic business growth…” | CLSA AnalysisCLSA | Titan Company Ltd | NOT GRADED | ||||
| “Maintains a 'Buy' rating on Titan with a target price of ₹5,000. Nomura observed that all major business segments, inclu…” | Nomura AnalysisNomura Global Markets Research | Titan Company Ltd. | NOT GRADED | ||||
| “Maintained an 'Outperform' rating on Titan with a target price of ₹5,249, citing the company's domestic business growth …” | CLSA AnalysisCLSA | Titan Company Ltd. | NOT GRADED | ||||
| “Maintained a 'Buy' rating with a target price of ₹5,000, noting Titan's strong Q1 FY27 performance across all major busi…” | Nomura AnalysisNomura Global Markets Research | Titan Company Ltd. | PENDING | ||||
Market commentary · 5 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Titan remains the preferred pick in the jewellery sector, with expectations of over 20% earnings growth. This positive v…” | Siddhartha KhemkaMotilal Oswal Financial Services Ltd. | Titan Company Ltd | PENDING | |
| “Bullish on mid-cap and small-cap jewellery retail stocks, seeing value beyond market leader Titan. The fund holds positi…” | Nimesh ChandanBajaj Finserv Asset Management Limited | Titan Company Ltd | PENDING | |
| “Bullish on Titan Company with a target price of ₹5,250, implying a 14.4% upside. Standalone revenue (ex-bullion) is expe…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Titan Company | PENDING | |
| “Reiterated a 'Buy' rating on Titan, highlighting the core TMZ business's 39% YoY growth in Q1 FY27, surpassing estimates…” | HSBC AnalysisHSBC | Titan Company Ltd. | PENDING | |
| “Nomura expects Titan to report strong sales growth in Q1 FY27, with jewellery sales growing 38-40% YoY, driven by robust…” | Nomura AnalysisNomura Global Markets Research | Titan Company Limited | NOT GRADED |
Fundamentals
About Titan Company Limited
Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, eyewear, fragrances, women's bags, and other accessories and products in India and internationally. The company 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 Clock, Zoop, Titan Octane, Titan 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 the aerospace, defense, transportation, electrical and electronics, and medical sectors. Further, it provides automation and precision engineering solutions. 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.
Details
Sector
Consumer Cyclical
Industry
Luxury Goods
CEO
Mr. Arun Narayan
Headquarters
Bengaluru
Employees
9,352
Website
titancompany.inExchange
View on NSE ↗Key stats
Market cap
₹4.30 L Cr
P/E ratio (TTM)
74.7
Dividend yield
0.31%
EPS (TTM)
₹64.79
Beta (1Y · daily vs NIFTY 50)
1.07
Beta (5Y · monthly vs NIFTY 50)
1.19
Shares float
32.49 Cr
EPS · quarter ended Jun 2026
₹20.02
Upcoming earnings
03 Nov 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2026 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2021. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹21,643.82 Cr | ₹28,798.71 Cr | ₹40,575.00 Cr | ₹51,084.00 Cr | ₹60,456.00 Cr | ₹87,584.00 Cr | |
| EBITDA | ₹1,910.69 Cr | ₹3,520.76 Cr | ₹5,187.00 Cr | ₹5,825.00 Cr | ₹6,180.00 Cr | ₹8,806.00 Cr |
| ₹979.10 Cr | ₹2,196.95 Cr | ₹3,250.00 Cr | ₹3,496.00 Cr | ₹3,337.00 Cr | ₹5,073.00 Cr | |
| Diluted EPS | ₹10.96 | ₹24.48 | ₹36.61 | ₹39.39 | ₹37.61 | ₹57 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹16,452.00 Cr | ₹21,194.00 Cr | ₹27,023.00 Cr | ₹31,550.01 Cr | ₹40,647.00 Cr | ₹60,561.00 Cr | |
| ₹1,428.00 Cr | ₹1,877.00 Cr | ₹4,070.00 Cr | ₹15,528.00 Cr | ₹20,777.00 Cr | ₹30,621.00 Cr | |
| Stockholders' equity | ₹7,497.00 Cr | ₹9,303.00 Cr | ₹11,851.00 Cr | ₹9,393.00 Cr | ₹11,624.00 Cr | ₹15,703.00 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹4,808.39 Cr | ₹-724.00 Cr | ₹1,370.00 Cr | ₹1,695.00 Cr | ₹-541.00 Cr | ₹5,590.00 Cr | |
| Investing cash flow | ₹-2,204.37 Cr | ₹1,163.84 Cr | ₹-1,811.00 Cr | ₹-189.00 Cr | ₹551.00 Cr | ₹-2,934.00 Cr |
| ₹134.34 Cr | ₹-403.15 Cr | ₹457.00 Cr | ₹-1,329.00 Cr | ₹7.00 Cr | ₹-2,159.00 Cr | |
| Capital expenditure | ₹-146.00 Cr | ₹-224.00 Cr | ₹-432.00 Cr | ₹-691.00 Cr | ₹-494.00 Cr | ₹-902.00 Cr |
| End cash position | ₹181.00 Cr | ₹219.00 Cr | ₹232.00 Cr | ₹409.02 Cr | ₹407.00 Cr | ₹873.00 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Dec 23(10Q) | Mar 24–Mar 26(9Q) | Jun 26 |
|---|---|---|---|
| Promoter | 52.90% | 52.90% | 52.90% |
| Public | 47.10% | 47.02% | 47.05% |
| Employee trusts | 0.00% | 0.08% | 0.05% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| Bosch Limited | ₹1.41 L Cr | ₹47,000 | 59.7 | 9.48 | 18.7% | 0.01 | +10.8% | +17.8% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
64 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.