Titan Company Limited

Consumer Cyclical — Luxury Goods · NSE

₹4,444.80−₹11.00 (−0.25%)

DalalBaazaar Score

41 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Moderate

Driven by high debt relative to equity, a very high earnings multiple, which leaves little margin for disappointment.

In simple words: Strong business and financial position, with both sales and profits growing well. Debt is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:01 pm

Understanding the Business

Company site ↗

The 60-second version of Titan Company Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

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.

IndustryLuxury Goods

SectorConsumer Cyclical

Employees9,352

Who are its competitors?

The closest listed comparisons in its industry are TRENT LTD, AVENUE SUPERMARTS LIMITED, ASIAN PAINTS LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of the level reported are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE22.3%

What is the outlook?

23 analysts covering the stock expect revenue to grow about 16.8% and earnings to grow about 20.6% in the year to 2028. These are estimates by people who follow the company, not a forecast for the wider industry.

Est. revenue growth+16.8%

Est. earnings growth+20.6%

Analysts23

DalalBaazaar Score

41/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Debt/Equity of 1.95x is high — earnings must service borrowings before shareholders see anything

Quality vs. Valuation

Company Quality

42/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

44/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

Historical Valuation

Current P/E

68.5x

Sector Median

69.9x

median of 3 sector peers

🟡Against its sector it is priced broadly in line with the peer median of 69.9x.

vs. its own history

Not enough price and earnings history

vs. sector peers

Fair

69.9x median of 3 peers · -2%

vs. generic bands

Expensive

Above 35x

EV/EBITDA

—

PEG

—

Red Flags

1 item require attention · 1 high

🔴High leverageFinancial
Debt/Equity of 1.95x — earnings must service borrowings before shareholders see anything.

Investment Thesis

🟢 Bull CaseWhat could make this work?

No clear supporting case emerges from the available numbers.

🔴 Bear CaseWhat could go wrong?

Leverage amplifies any setback
Debt/Equity of 1.95x. Interest is payable whether or not the business has a good year.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Free cash flow remains positive✗ not reported
Profit that never becomes cash eventually stops being profit.

Investment Checklist

5 / 9 checks passed

✓ Strong return on equity (ROE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✗ Manageable leverage (Debt/Equity < 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✗ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Analyst consensus isn't majority-sell
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

5 good · 3 neutral · 3 weak

Market Cap

₹3.94 L Cr

Large Cap

Large, widely-covered business — typically the steadiest of the bands

P/E (Trailing)

68.5x

Expensive

Expensive — verify against sector peers

P/B Ratio

25.13x

Rich

Steep premium to book — needs high, durable returns to justify

EPS (TTM)

₹64.88

Profitable

Profitable on a per-share basis

ROE

36.7%

Strong

Strong capital efficiency

ROCE

Not available

No data

Source didn't return this field

Debt/Equity

1.95x

High

High leverage

Revenue Growth (YoY)

29.3%

Healthy

Healthy top-line growth

Profit Growth (YoY)

62.8%

Healthy

Profits growing at a healthy clip

Dividend Yield

0.34%

Modest

Small cash return — most of the return has to come from the price

Free Cash Flow

Not available

No data

Source didn't return this field

More Metrics

P/E (Forward)

49.8x

Improving

Below the trailing multiple — the street expects earnings to grow into the price

Operating Margin

12.3%

Average

Average margins

Net Margin

6.2%

Average

Average bottom-line conversion

Beta (vs Nifty)

0.23

Defensive

Steadier than the market

52W Range Position

51%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

4615.2 / 4870.6

Bearish alignment (short < long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

24.7

Oversold zone

Financial Trend (Annual)

Year	Revenue	Gross Profit	Net Income
2023	₹40,575 Cr	₹0 Cr	₹3,250 Cr
2024	₹51,084 Cr	₹0 Cr	₹3,496 Cr
2025	₹60,456 Cr	₹0 Cr	₹3,337 Cr
2026	₹77,554 Cr	₹0 Cr	₹5,073 Cr

Balance Sheet & Cash Flow — FY2026

Total Assets

—

Total Liabilities

—

Total Debt

—

Cash & Equivalents

—

Operating Cash Flow

—

Capex

—

Shareholding (proxy)

Institutional Holding

21.9%

Insider Holding

58.8%

Corporate Actions

Next Earnings

03 Nov 2026

Dividend Rate

₹15

Ex-Dividend Date

09 Jul 2026

Analyst Consensus

Recommendations

29 Buy · 4 Hold · 2 Sell

Target Price (Mean)

₹5,425.06

+22.1% vs CMP

Target Range

₹4,500 – ₹6,000

Peer Comparison

Company	P/E	ROE
TRENT LTD	87.2x	25.9%
AVENUE SUPERMARTS LIMITED	69.9x	12.7%
ASIAN PAINTS LIMITED	46.9x	22.3%

Recent News

2 mixed4 general

Gold Stocks With Strong Fundamentals: Top Picks to Consider

Univest, 18 Oct

Titan stock crashes over 4% as Q2 jewellery growth misses some estimates; brokerages retain bullish calls

Moneycontrol.com, 07 OctAnalyst view

🟡Mixed / dependsBroker commentary — an opinion about the price rather than new information about the business.

Jewellery Stocks Rally Up to 10%: Why PC Jeweller, Titan and Kalyan Tell Different Stories

NiftyTrader, 16 Oct

Titan share price drops 5% after Q2FY27 update - Should you buy this Tata Group stock now? Here's what experts say

Livemint, 07 OctPrice move

🟡Mixed / dependsA price move rather than a change in the business. If the figures on this page have not moved, the fall is either an opportunity or news they have yet to catch up with.

Titan up 26% from June low, trades at new high; time to buy, hold or sell?

Business Standard, 06 Aug

Gold Stocks With Strong Fundamentals: Top Picks to Consider

Univest, 16 Oct

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
2 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.
RSI is in oversold territory — could mean either a bargain or a stock still falling for good reason. Check the 'why' before assuming reversal.

DalalBaazaar Thesis

StrongProfitability · Risk

MiddlingGrowth

WeakBusiness Quality · Financial Health · Valuation

Points for each in the Score ↑

Weak on the fundamentals

Poor scores on business quality without a price low enough to compensate. There is no obvious argument for owning this over a stronger company at a similar valuation. 1 high-severity red flag sits above this conclusion and should be read first.

1 of 1 tripwires tripped — Free cash flow remains positive · see Key things to watch ↑