TITAN - Titan Company Limited Share Price

Consumer Durables

₹3341.00-38.70(-1.15%)

Market Closed as of May 2, 2025, 15:30 IST

What does Titan Company Limited do?

Gems, Jewellery And Watches•Consumer Durables•Large Cap

Titan Co. is a prominent player in the Gems, Jewellery, and Watches sector, traded under the stock ticker TITAN. With a market capitalization of Rs. 273,380.4 Crores, the company is renowned for its diverse product offerings both in India and internationally.

Titan Company Limited operates through four main segments:

Watches and Wearables
Jewellery
Eyecare
Others

The company designs, manufactures, and retails a wide array of watches and wearables under various brands, including:

Nebula by Titan
Xylys
Raga by Titan
Fastrack
Sonata
Titan Smart
And many more.

In the jewellery segment, Titan offers products under renowned names such as:

Tanishq
Mia by Tanishq
Zoya
CaratLane

Additionally, Titan provides eyecare products through the Titan EyePlus and Fastrack Eyecare brands, along with apparel and accessories like sarees, kurtas, belts, wallets, and bags under the Taneira, Fastrack, and IRTH brands.

Moreover, Titan Co. extends its expertise to manufacturing services and automation solutions for sectors including aerospace, defense, and healthcare.

The company has a robust online and retail presence through both owned and franchised stores. Established in 1984 and based in Bengaluru, India, Titan was formerly known as Titan Industries Limited until rebranding in August 2013.

In terms of financial performance, Titan Co. reported a trailing twelve months revenue of Rs. 58,563 Crores and has seen significant growth, with a remarkable 104% increase in revenue over the past three years. The company also distributes dividends to its investors, with a current yield of 0.61% per year, returning Rs. 21 per share in the last 12 months.

Industry Group:Consumer Durables

Employees:8,680

Website:www.titancompany.in

Summary of Latest Earnings Report from Titan Co.

Summary of Titan Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook: Titan's management remains optimistic about sustained growth across segments, driven by strong consumer demand in upper-middle and affluent classes, market share gains, and formalization trends. They prioritize growth over margins, focusing on buyer acquisition, same-store sales, and leveraging their extensive customer database for targeted engagement.

Key Points:

Jewellery Division (Ajoy Chawla):
- Margins impacted by rising gold prices (25% YoY), shifting mix toward gold (higher volume but lower margin vs. studded).
- Targeting 11-11.5% EBIT margins (annualized). Studded jewellery faces margin dilution due to gold's price rise, but buyer growth remains strong.
- Competitive intensity stabilizes in gold pricing; focus on customer experience and regional expansion.
Watches & Wearables (Suparna Mitra):
- Double-digit growth in Analog watches (premium and affordable segments). Strong wedding season contribution.
- Wearables segment under review; strategy shift toward design and trust-based differentiation.
Emerging Businesses:
- Taneira (Ambuj Narayan): Flat sales due to fewer store openings, but buyer growth up 38%. Focus on metros and accessible pricing.
- CaratLane (Saumen Bhaumik): Margin improvement via cost control; steady retail growth.
Macro Factors:
- Rising gold prices and volatility may pressure near-term demand but reinforce gold's appeal as a safe asset.
- Tax reforms and wealth effect (rising equity markets) to boost discretionary spending.
Long-Term Strategy:
- "Tech-touch" customer engagement (4 crore+ database), regional expansion (~1,000 partners), and portfolio diversification (Tanishq, CaratLane, Mia).

Risks: Gold price volatility, competitive pricing dynamics, and macroeconomic shifts. Management remains confident in sustaining double-digit growth across segments.

Q&A Session

Last updated: Feb 25

Question 1 (Aditya Soman, CLSA):
Can you elaborate on jewellery margin trends and the impact of studded growth? How will Analog watches expand into lower-end markets?
Answer:
Studded margins are diluted by rising gold prices and shifts in material cost mix. Annual EBIT margins are expected to stabilize around 11-11.5%. Analog watches are growing across premium (50%+ growth) and affordable segments (Fastrack: 33%, Sonata: 24%) via product innovation.

Question 2 (Abneesh Roy, Nuvama Wealth):
Why is Taneira's growth slow? Are wearables' decline benefitting Analog watches?
Answer:
Taneira's flat growth reflects fewer store openings vs. last year. Focus is shifting to metros. Watches benefit from weddings/gifting (50%+ retail demand), while wearables' correction allows Titan to refocus on design/quality.

Question 3 (Avi, Macquarie):
When will studded jewellery margins normalize?
Answer:
Margin normalization is uncertain due to gold price volatility. Growth prioritization and market share gains take precedence over margin expansion. Absolute profit growth remains healthy despite percentage fluctuations.

Question 4 (Devanshu Bansal, Emkay Global):
What drove jewellery same-store growth (SSG) improvement? How does the alloy import policy impact competition?
Answer:
SSG improved via ticket-size growth (wedding/occasion purchases) and high-value studded sales. Titan avoids commenting on competitors' sourcing but supports measures curbing illegal gold inflows.

Question 5 (Videesha Sheth, Ambit Capital):
Why is Titan's studded mix under pressure vs. peers? What is CaratLane's outlook?
Answer:
Titan prioritizes gold share gains (historically lower vs. studded). CaratLane grew 16% YoY in Q3, with store expansion and cost management driving margins.

Question 6 (Sheela Rathi, Morgan Stanley):
How are regional trends and new/repeat buyers evolving?
Answer:
South/East led growth, with Tier 2/3 outperforming metros. 48% of jewellery buyers were new (similar to last year). Studded attracts younger urban buyers, while gold gains share in traditional markets.

Question 7 (Jay Doshi, Kotak):
Can 25% revenue growth sustain? Is 11-11.5% EBIT margin for standalone jewellery?
Answer:
Growth reflects affluent demand resilience and formalization tailwinds. Margins are guided for standalone jewellery, with 11% as a floor barring extreme scenarios.

Question 8 (Amit Sachdeva, UBS Group):
Is pricing equilibrium achievable amid gold volatility? What's the margin floor?
Answer:
Pricing remains dynamic; Titan focuses on customer value over competition. Annual EBIT margins aim to stay above 11% via product mix, sourcing, and hedging.

Question 9 (Tejas Shah, Avendus):
Does competitor proximity affect store performance? How are gold lease rates trending?
Answer:
Proactive product/marketing strategies mitigate competitor proximity risks. Gold lease rates may rise due to supply constraints, but Titan manages via spot/GIFT City sourcing.

Question 10 (Kunal Vora, BNP Paribas):
Are lab-grown diamonds (LGDs) impacting sales? How do tax changes help?
Answer:
No material LGD impact yet; Titan's studded growth focuses on sub-Rs.100k segments. Tax changes boost disposable income, aiding organized sector growth.

Question 11 (Harit Kapoor, Investec):
Why is Titan outperforming broader consumption? What drove CaratLane's margin expansion?
Answer:
Premiumization, low market share, and formalization drive growth. CaratLane's margins improved via sales growth (new products/marketing) and cost optimization.

Question 12 (Vivek Maheshwari, Jefferies):
Are diamond prices declining? How is studded pricing managed?
Answer:
Wholesale diamond prices fell for larger stones, but retail prices for Titan's small-stone studded jewellery remain stable. Prices are uniform nationally, with competition addressed via design/brand strength.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	TITAN	Consumer
PE	91.36	77.61
PS	5.05	0.98
Growth	18.5 %	5.1 %

Shareholder Name	Holding %
Tamilnadu Industrial Development Corporation Ltd	27.88%
Tata Sons Private Limited	20.84%
Rekha Jhunjhunwala	4.08%
Tata Investment Corporation Ltd	2.01%
Tata Chemicals Limited	1.56%
Sbi Nifty 50 Etf	1.55%
Ewart Investments Limited	0.56%
Piem Hotels Limited	0.05%

Valuation
Market Cap	2.96 LCr
Price/Earnings (Trailing)	91.36
Price/Sales (Trailing)	5.05
EV/EBITDA	50.34
Price/Free Cashflow	264.99
MarketCap/EBT	68.69

Fundamentals
Revenue (TTM)	58.56 kCr
Rev. Growth (Yr)	24.95%
Rev. Growth (Qtr)	21.92%
Earnings (TTM)	3.24 kCr
Earnings Growth (Yr)	-0.59%
Earnings Growth (Qtr)	48.76%

Profitability
Operating Margin	7.35%
EBT Margin	7.35%
Return on Equity	33.26%
Return on Assets	8.34%
Free Cashflow Yield	0.38%

Description	Share	Value
Jewellery	90.7%	16.1 kCr
Watches and Wearables	6.4%	1.1 kCr
Others	1.8%	312 Cr
Eyecare	1.1%	196 Cr
Total		17.8 kCr

Cash Flow for Titan Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	100.4%	480	240	195
Change in inventories	11.2%	-1,922	-2,165	-4,803
Depreciation	23.1%	448	364	347
Unrealised forex losses/gains	150%	2	-1	-1
Dividend income	-	0.01	0	24
Adjustments for interest income	-	0	0	92
Share-based payments	-	44	0	0
Net Cashflows from Operations	11.9%	3,458	3,089	-330.12
Dividends received	-	0	0	24
Interest received	-73.9%	-239	-137	52
Income taxes paid (refund)	-0.2%	1,140	1,142	796
Net Cashflows From Operating Activities	14.9%	2,079	1,810	-1,050.12
Cashflows used in obtaining control of subsidiaries	33650%	4,726	15	169
Proceeds from sales of PPE	-11.1%	9	10	5.73
Purchase of property, plant and equipment	84.3%	530	288	173
Cash receipts from repayment of advances and loans made to other parties	-138%	0.24	3	34
Interest received	55.2%	209	135	0
Other inflows (outflows) of cash	-103.4%	0	30	2,268
Net Cashflows From Investing Activities	-183.2%	-4,682.76	-1,653	1,488
Payments to acquire or redeem entity's shares	-	236	0	0
Proceeds from borrowings	379%	4,619	965	0
Repayments of borrowings	-	0	0	-225
Payments of lease liabilities	-100.5%	0	214	143
Dividends paid	33.4%	888	666	355
Interest paid	100.4%	480	240	0
Income taxes paid (refund)	-	0	0	195
Other inflows (outflows) of cash	-	-258	0	0
Net Cashflows from Financing Activities	1866.7%	2,757	-155	-468.29
Net change in cash and cash eq.	15100%	153	2	-30.36

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	106.7%	619	300	218
Change in inventories	17.3%	-2,462	-2,977	-5,208
Depreciation	32.5%	584	441	399
Impairment loss / reversal	-	0	0	18
Unrealised forex losses/gains	-113%	0.22	7	-2.96
Adjustments for interest income	-	0	0	96
Share-based payments	-	48	1	0
Net Cashflows from Operations	19.3%	3,181	2,667	78
Interest received	-73.6%	-249	-143	0
Income taxes paid (refund)	1.6%	1,173	1,154	802
Net Cashflows From Operating Activities	28.4%	1,759	1,370	-724
Proceeds from sales of PPE	-	20	0	8
Purchase of property, plant and equipment	60.1%	691	432	224
Proceeds from sales of investment property	-109.1%	0	12	0
Cash receipts from repayment of advances and loans made to other parties	-150%	0	3	34
Interest received	74.6%	249	143	56
Other inflows (outflows) of cash	-103.4%	0	30	1,768
Net Cashflows From Investing Activities	86%	-253	-1,811	1,164
Payments from changes in ownership interests in subsidiaries	-	4,696	0	0
Payments to acquire or redeem entity's shares	-	236	0	0
Proceeds from borrowings	234.4%	5,629	1,684	349
Repayments of borrowings	-116.7%	0	7	7
Payments of lease liabilities	-100.4%	0	254	172
Dividends paid	33.4%	888	666	355
Interest paid	106.7%	619	300	218
Other inflows (outflows) of cash	-	-519	0	0
Net Cashflows from Financing Activities	-391.7%	-1,329	457	-403.15
Effect of exchange rate on cash eq.	75%	0	-3	1.23
Net change in cash and cash eq.	1366.7%	177	13	38

Income Statement for Titan Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	23.1%	47,114	38,270	27,210	20,602	20,010	19,070
Other Income	70.8%	510	299	246	181	146	178
Total Income	23.5%	47,624	38,569	27,456	20,783	20,156	19,248
Cost of Materials	33.8%	33,556	25,085	20,939	13,143	12,489	11,822
Purchases of stock-in-trade	1.8%	5,535	5,438	4,187	2,462	2,859	2,829
Employee Expense	10.4%	1,503	1,362	1,143	911	1,040	879
Finance costs	100.4%	480	240	195	181	149	44
Depreciation and Amortization	22.9%	447	364	347	331	310	139
Other expenses	17.9%	3,645	3,092	2,130	2,221	2,040	2,202
Total Expenses	26.1%	43,017	34,104	24,473	19,413	18,051	17,251
Profit Before exceptional items and Tax	3.2%	4,607	4,465	2,983	1,370	2,105	1,997
Exceptional items before tax	-	0	0	-51	-137	0	-70
Total profit before tax	3.2%	4,607	4,465	2,932	1,233	2,105	1,927
Current tax	-6%	1,072	1,140	779	351	552	602
Deferred tax	-11.1%	-9	-8	-27	5	36	-49
Total tax	-6.1%	1,063	1,132	752	356	587	553
Total profit (loss) for period	6.3%	3,544	3,333	2,180	877	1,518	1,374
Other comp. income net of taxes	91.5%	-2.99	-46	-5.32	206	-238.56	15
Total Comprehensive Income	7.7%	3,541	3,287	2,175	1,083	1,279	1,389
Earnings Per Share, Basic	6.5%	39.93	37.539	24.555	9.878	17.09	15.48
Earnings Per Share, Diluted	6.5%	39.918	37.539	0	0	17.09	15.48
Debt equity ratio	-	053	-	0	0	-	-
Debt service coverage ratio	-	0.07	-	0	0	-	-
Interest service coverage ratio	-	0.2294	-	0	0	-	-

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	21.8%	16,097	13,215	12,053	11,257	13,052	11,660
Other Income	3.2%	131	127	118	150	139	122
Total Income	21.6%	16,228	13,342	12,171	11,407	13,191	11,782
Cost of Materials	-29.7%	8,784	12,489	9,412	8,664	8,267	10,053
Purchases of stock-in-trade	-8.1%	1,550	1,686	1,494	1,284	1,598	1,462
Employee Expense	8.3%	444	410	416	375	384	374
Finance costs	-4.6%	186	195	182	162	133	106
Depreciation and Amortization	2.3%	135	132	126	120	118	110
Other expenses	11.2%	1,136	1,022	898	902	995	881
Total Expenses	20.1%	14,908	12,409	11,150	10,430	11,846	10,521
Profit Before exceptional items and Tax	41.5%	1,320	933	1,021	977	1,345	1,261
Total profit before tax	41.5%	1,320	933	1,021	977	1,345	1,261
Current tax	43%	330	231	252	184	332	309
Deferred tax	64.3%	-0.26	-2.53	-1	6.52	-27	12
Total tax	44.9%	330	228	251	191	305	321
Total profit (loss) for period	40.5%	990	705	770	786	1,040	940
Other comp. income net of taxes	-70%	3	7.67	-0.67	11	-0.89	-12
Total Comprehensive Income	39.5%	993	712	769	797	1,039	928
Earnings Per Share, Basic	46.2%	11.16	7.95	8.68	8.86	11.73	10.585
Earnings Per Share, Diluted	46.4%	11.157	7.94	8.678	8.848	11.72	10.585
Debt equity ratio	-0.6%	036	0.01	045	053	036	047
Debt service coverage ratio	-3.7%	044	0.04	086	0.0492	0.0105	0.0889
Interest service coverage ratio	5.6%	0.1508	0.1	0.1033	0.1254	0.2473	0.2909

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	25.9%	51,084	40,575	28,799	21,644	21,052	19,779
Other Income	73.3%	533	308	234	186	153	183
Total Income	26.3%	51,617	40,883	29,032	21,830	21,205	19,961
Cost of Materials	34.3%	36,104	26,891	22,108	13,713	13,042	12,231
Purchases of stock-in-trade	5.3%	5,999	5,698	4,328	2,579	2,991	2,940
Employee Expense	13.2%	1,864	1,647	1,349	1,065	1,199	1,019
Finance costs	106.7%	619	300	218	203	166	53
Depreciation and Amortization	32.5%	584	441	399	375	348	163
Other expenses	21.7%	4,496	3,694	2,467	2,441	2,230	2,374
Total Expenses	29%	46,995	36,437	26,075	20,498	19,099	18,002
Profit Before exceptional items and Tax	4%	4,622	4,446	2,957	1,332	2,106	1,959
Exceptional items before tax	-	0	0	-54	0	0	0
Total profit before tax	4%	4,622	4,446	2,903	1,332	2,106	1,959
Current tax	-4%	1,101	1,147	786	360	570	615
Deferred tax	0%	26	26	-80	-6.66	39	-46.74
Total tax	-3.9%	1,127	1,173	706	353	609	568
Total profit (loss) for period	6.8%	3,496	3,274	2,197	979	1,493	1,389
Other comp. income net of taxes	-60%	-63	-39	-11.83	209	-234.22	12
Total Comprehensive Income	6.1%	3,433	3,235	2,185	1,188	1,258	1,401
Earnings Per Share, Basic	7.8%	39.38	36.61	24.478	10.962	16.91	15.82
Earnings Per Share, Diluted	7.8%	39.39	36.61	0	0	16.91	15.82
Debt equity ratio	-	0.0108	-	0	0	-	-
Debt service coverage ratio	-	0.0128	-	0	0	-	-
Interest service coverage ratio	-	0.1224	-	0	0	-	-

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	22.1%	17,740	14,534	13,266	12,494	14,164	12,529
Other Income	5%	128	122	120	159	136	124
Total Income	21.9%	17,868	14,656	13,386	12,653	14,300	12,653
Cost of Materials	-28%	9,666	13,432	10,155	9,450	8,942	10,607
Purchases of stock-in-trade	-1.5%	1,895	1,924	1,708	1,499	1,806	1,555
Employee Expense	6.9%	555	519	523	473	480	463
Finance costs	-3.8%	231	240	230	201	169	140
Depreciation and Amortization	2.4%	175	171	164	158	154	144
Other expenses	13.6%	1,428	1,257	1,160	1,122	1,249	1,056
Total Expenses	20.2%	16,472	13,709	12,413	11,662	12,922	11,402
Profit Before exceptional items and Tax	47.5%	1,396	947	973	991	1,378	1,251
Total profit before tax	47.5%	1,396	947	973	991	1,378	1,251
Current tax	44.7%	354	245	258	204	329	316
Deferred tax	-200%	-5	-1	-0.4	16	-4	20
Total tax	43.2%	349	244	258	220	325	336
Total profit (loss) for period	48.8%	1,047	704	716	771	1,053	916
Other comp. income net of taxes	-157.1%	-3	8	-114.4	-47	0.7	-13
Total Comprehensive Income	46.7%	1,044	712	601	724	1,054	903
Earnings Per Share, Basic	55.6%	11.8	7.94	8.06	8.677	11.913	10.308
Earnings Per Share, Diluted	55.8%	11.8	7.93	8.06	8.697	11.903	10.308
Debt equity ratio	-0.3%	073	0.01	092	0.0108	078	062
Debt service coverage ratio	-2.7%	042	0.03	076	0.0128	073	0.0262
Interest service coverage ratio	4.3%	0.1199	0.08	0.0757	0.1224	0.1765	0.1876

Investor Care
Dividend Yield	0.61%
Dividend/Share (TTM)	21
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	36.49

Financial Health
Current Ratio	1.31
Debt/Equity	0.86
Debt/Cashflow	0.22

Balance Sheet for Titan Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	29.5%	352	272	354	119	165	117
Current investments	-10.3%	1,467	1,635	4,066	2,143	559	15
Loans, current	18.8%	329	277	132	128	326	419
Total current financial assets	11.4%	5,043	4,529	7,562	4,633	3,292	2,740
Inventories	33.3%	22,496	16,874	16,450	14,952	13,511	12,787
Current tax assets	-	0	-	0	0	0	0
Total current assets	28.2%	29,088	22,693	25,349	20,686	17,833	16,379
Property, plant and equipment	3.8%	1,432	1,380	1,265	1,068	1,018	1,012
Capital work-in-progress	-40%	49	81	108	117	70	60
Investment property	-	1	1	1	1	1	1.11
Goodwill	-	0	0	0	1,058	947	877
Non-current investments	10.1%	6,801	6,178	1,363	1,116	945	869
Loans, non-current	3.8%	55	53	54	51	48	40
Total non-current financial assets	10%	7,604	6,911	1,997	1,690	1,541	1,417
Total non-current assets	8.3%	11,016	10,169	4,986	4,402	3,984	3,758
Total assets	22%	40,104	32,862	30,335	25,088	21,817	20,138
Borrowings, non-current	-42.4%	1,809	3,139	0	0	0	0
Total non-current financial liabilities	-42.4%	1,809	3,139	0	0	0	1,026
Provisions, non-current	9.3%	260	238	234	214	221	179
Total non-current liabilities	-22.4%	3,916	5,043	1,746	1,573	1,346	1,205
Borrowings, current	71.1%	4,567	2,670	4,115	1,190	0	225
Total current financial liabilities	77.8%	16,755	9,423	12,001	7,742	6,876	7,064
Provisions, current	-28.7%	58	81	84	118	37	30
Current tax liabilities	21.4%	69	57	170	73	203	80
Total current liabilities	58.8%	21,216	13,362	15,985	11,521	10,140	9,560
Total liabilities	36.6%	25,132	18,405	17,731	13,094	11,486	10,765
Equity share capital	0%	89	89	89	89	89	89
Total equity	3.6%	14,972	14,457	12,604	11,994	10,331	9,373
Total equity and liabilities	22%	40,104	32,862	30,335	25,088	21,817	20,138

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	31.1%	536	409	466	232	268	219
Current investments	-11.8%	1,470	1,666	4,066	2,164	559	15
Loans, current	-86.1%	40	281	138	135	332	423
Total current financial assets	2.3%	4,928	4,818	7,595	4,517	3,111	2,867
Inventories	33%	25,337	19,051	18,326	16,584	14,967	13,609
Current tax assets	-	0	-	0	1,288	0	0
Total current assets	26%	32,231	25,590	27,491	22,407	19,274	17,454
Property, plant and equipment	3.1%	1,790	1,737	1,584	1,343	2,299	1,218
Capital work-in-progress	-26.4%	65	88	114	133	76	69
Investment property	-	1	1	1	1	1	1.11
Goodwill	0%	123	123	123	1,408	123	123
Non-current investments	56.9%	1,065	679	601	351	341	279
Loans, non-current	-21.1%	57	72	73	54	50	42
Total non-current financial assets	28.3%	1,975	1,539	1,355	1,000	1,020	703
Total non-current assets	11%	6,595	5,942	5,440	4,616	4,206	3,740
Total assets	23.1%	38,826	31,550	32,932	27,023	23,480	21,194
Borrowings, non-current	-39.2%	2,009	3,302	28	0	0	2.19
Total non-current financial liabilities	-39.1%	2,017	3,310	1,923	4	1,270	1,145
Provisions, non-current	9.5%	300	274	262	240	244	198
Total non-current liabilities	-19.6%	4,525	5,628	2,190	1,855	1,521	1,350
Borrowings, current	41.1%	6,401	4,536	5,472	2,195	713	516
Total current financial liabilities	60.6%	19,708	12,274	14,044	9,276	8,249	7,868
Provisions, current	-21.2%	79	100	103	132	46	38
Current tax liabilities	21.3%	75	62	172	73	205	82
Total current liabilities	48.6%	24,565	16,528	18,277	13,264	11,694	10,511
Total liabilities	31.3%	29,090	22,157	20,467	15,119	13,215	11,861
Equity share capital	0%	89	89	89	89	89	89
Non controlling interest	-	0	0	56	53	39	30
Total equity	3.7%	9,736	9,393	12,465	11,904	10,265	9,333
Total equity and liabilities	23.1%	38,826	31,550	32,932	27,023	23,480	21,194

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
KALYANKJIL	Kalyan Jewellers IndiaGems, Jewellery And Watches	52.33 kCr	23.53 kCr	-0.73%	+23.20%	78.8	2.22	+34.81%	+25.63%
PCJEWELLER	PC JEWELLERGems, Jewellery And Watches	7.26 kCr	1.73 kCr	-10.19%	-76.46%	20.09	4.19	+121.47%	+144.59%
RAJESHEXPO	Rajesh ExportsGems, Jewellery And Watches	5.71 kCr	2.84 LCr	-6.68%	-41.83%	149.18	0.02	-	-96.65%
SENCO	Senco GoldGems, Jewellery And Watches	5.49 kCr	6.2 kCr	+15.08%	-27.67%	42.52	0.89	-	-
TIMEX	Timex Group IndiaGems, Jewellery And Watches	1.88 kCr	417.63 Cr	-3.37%	+13.53%	98.61	4.42	+1.49%	-72.45%
TBZ	Tribhovandas Bhimji ZaveriGems, Jewellery And Watches	1.28 kCr	2.6 kCr	-1.82%	+55.82%	17.91	0.49	+15.09%	+33.54%

TITAN - Titan Company Limited Share Price

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