Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 243928.13 Crore) operating in Gems and Jewellery sector.
Titan Company key Products/Revenue Segments include Jewellery, Watches, Precious & Semi Precious Stones, Eyewear, Others, Other Operating Revenue, Scrap, Other Services for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.S Krishnan, Mr.Bhaskar Bhat, Mr.Sandeep Singhal, Ms.Sindhu Gangadharan, Dr.Mohanasankar Sivapraksam, Mr.Pradyumna Vyas, Mr.B Santhanam, Mr.Ashwani Puri, Mr.C K Venkataraman, Mr.N N Tata, Ms.Jayashree Muralidharan. Company has B S R & Co. LLP as its auditors. As on 31-03-2023, the company has a total of 89 Crore shares outstanding.
Investment Rationale
Titan is aiming to generate a revenue CAGR of over 20% during FY2022-FY2027 on back of its ambitious growth plan in the medium term. This along with consistent margin improvement will help cash flows to improve strongly in the coming years. Strong growth outlook, industry tailwinds in the medium term, and strong balance sheet make it a best play in the discretionary space. The stock is currently trading at 60.3x and 49.7x its FY2024E and FY2025E earnings.
Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 31-Mar-2023, while FIIs owned 17.51 per cent, DIIs 11.01 per cent.
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