TITAN COMPANY LTD.

Trendlyne Stock Report

Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

₹3,399.75 (-1.1% ) 52 Week High Low

2882.4
3399.8

3887
Market Cap: 3.0T Avg Daily Volume: 2.8M
NSE | Jun 21, 2024 03:31 PM

DVM SUMMARY

Expensive Performer D V M

These stocks are with medium quality and mid-range technical aspects. However, their financials make them little expensive so choose the right moment to buy them.

Durability Score (D) Medium Financial Strength Valuation Score (V) Expensive Valuation Momentum Score (M) Technically Neutral

Bad Medium Good Bad Medium Good Bad Medium Good

50 11 51
0 35 55 100 0 30 50 100 0 35 60 100

ANALYST RECOMMENDATION TRENDLYNE CHECKLIST

Consensus Recommendation Target Price

BUY 3739 (9.98%) 52.2% Passed in checklist
Financials 5 3
12 7 7 1 3

Total : 30 Ownership 3 1
Strong Buy Buy Hold Sell Strong Sell

Peer Comparison 2 1
Current Price
3399.75
Value & Momentum 2 6

Total 12 11
2750 3739.17 4490
Low Est. Avg. Est. High Est.

The consensus recommendation is based on 30 analyst recommendations. The Consensus Estimate The Trendlyne Checklist checks if the company meets the key criteria for financial health and
is the aggregate analyst estimates for listed companies. consistent growth.

KEY STATISTICS

Ratios Financials
TTM PE Ratio ROE Annual % ROCE Annual % Operating Revenue TTM Revenue Growth Annual YoY Net Profit Annual
%
86.4 37.2 34.9 51084.0 3496.0
26.3
Above industry Median Market Leader Market Runner Up Market Leader
Above industry Median

EBIT Annual Margin % TTM PEG Ratio Long Term Debt To Equity
Annual Net Profit TTM Growth % Dividend yield 1yr % EPS TTM Growth %
10.2 11.6
0.4 7.4 0.3 7.4
PEG TTM is much higher
than 1 High in industry Below industry Median
Below industry Median

PRICE VOLUME CHARTS

1 Year Return : 14.3% 5 Year Return : 160.2%

3k
3500

2k

3000
1k

2500 0

AUG OCT DEC FEB APR JUN JUL JAN JUL JAN JUL JAN JUL JAN JUL JAN

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 TITAN COMPANY LTD. Trendlyne Stock Report
Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

Durability Summary

Durability Score Titan Company Ltd. has a durability score of 50, which indicates Medium Financial Strength.

50 / 100
A High Durability Score (greater than 55) indicates good and consistent financial performance : stable revenues, cash flows, and low debt.

The Durability score looks at many different metrics, including long-term performance data, to identify stocks that have stood the test of time.

Medium Financial Strength

Bad Medium Good

50
0 35 55 100

Durability Trend Titan Company Ltd. : Jun '23 - Jun '24 Durability v/s Peers

100
Titan Company 50.0

75 Kalyan Jewellers India 85.0

GOOD
Rajesh Exports 45.0
50
Senco Gold 45.0
MEDIUM

25
Thangamayil Jewellery 85.0

D P Abhushan 80.0

0
Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24
PC Jeweller 25.0

0 10 20 30 40 50 60 70 80 90

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Titan Company Ltd. (50) has fourth-highest Durability score amongst its peers, behind D P
86.3% 13.7% 0% 80.0 (01 Aug '23) 45.0 (20 Jun '24) Abhushan Ltd. (80)

Financial Metrics

Total Revenue Annual Net Profit Annual Tax Annual Revenue Growth Annual YoY %

51,617 26.3% YoY Mar'24 3,496 7.6% YoY Mar'24 1,127 -3.9% YoY Mar'24 26.3% -35.7% YoY Mar'24
100k 5k 2k 50
40.8
3250 3496 3492 33
1173 1127 1127 26.3
51617 23.2
50k 2.5k 2173 1k 25
1501.4 609 706
29033 568.2
21204.8 973 353 6.2
2.9
0 0 0 0
9

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Total Revenue Annual growth is stable Net Profit Annual growth is lower than Tax Annual is falling faster than historical Revenue Growth Annual YoY % is falling
compared to historical averages. historical averages. averages. faster than historical averages.

CAGR 2Y 33.3% CAGR 2Y 26.8% CAGR 2Y 26.4% CAGR 2Y -10.8%

3Y 33.2% 3Y 53.2% 3Y 47.3% 3Y 107.3%
5Y 20.9% 5Y 20.0% 5Y 14.7% 5Y 2.5%

Operating Profit Margin Annual % Net Profit TTM Growth % Operating Revenues Qtr Net Profit Qtr

10.3% -14.1% YoY Mar'24 7.4% -85.0% YoY Mar'24 12,494 20.6% YoY Mar'24 771 5.6% YoY Mar'24
15 200 20k 1500
11.6 11.5 11.9 123.3
10 10.3 14164 1053
11609 11897 12529 12494 904 915
10 7.9 100 10360 1000 771
49.6 730 753
24.3 7.4 10k
6.1
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Operating Profit Margin Annual % is falling Net Profit TTM Growth % is falling faster Operating Revenues Qtr is falling faster than Net Profit Qtr is falling faster than historical
faster than historical averages. than historical averages. historical averages. averages.

CAGR 2Y -5.6% CAGR 2Y -75.4% YoY 20.6% YoY 5.6%

3Y 9.1% 3Y 159.9% QoQ -11.8% QoQ -26.8%
5Y 0.6% 5Y -21.0%

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 TITAN COMPANY LTD. Trendlyne Stock Report
Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

Balance Sheet

Total Assets Annual Total ShareHolders Funds Annual Working Capital Annual

31,550 16.8% YoY Mar'24 9,393 -20.7% YoY Mar'24 9,079 -0.7% YoY Mar'24
40k 15k 10k
31550 11851
27023 6942 9143 9079
9303 9393
21194 10k 5483
7497 4493.8
20k 16452 6070.1 6668.8 5k 4125.4
13549.8
5k

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Total Assets Annual growth is lower than Total ShareHolders Funds Annual is falling Working Capital Annual is falling faster than
historical averages. faster than historical averages. historical averages.

CAGR 2Y 22.01% CAGR 2Y 0.48% CAGR 2Y 14.36%

3Y 24.24% 3Y 7.81% 3Y 18.31%
5Y 21.91% 5Y 9.12% 5Y 17.09%

Cashflow

Cash from Operating Activity Annual Cash from Investing Activity Annual Cash from Financing Annual Activity Net Cash Flow Annual

1,695 23.7% YoY Mar'24 -189 89.6% YoY Mar'24 -1,329 -390.8% YoY Mar'24 -100.0% YoY Mar'24
5k 2.5k 1k 250
1164 457 104
235 37 16
4139
2.5k 1370 1695 0 0 0
1242.9
-189 -241.7 -44.3
-798.3 -403
0 -2.5k -1k -488.8 -250
-1811
-347.4 -2801 -1234
-724 -1329 -354.1
-2.5k -5k -2k -500
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Cash from Operating Activity Annual growth Cash from Investing Activity Annual growth Cash from Financing Annual Activity is Net Cash Flow Annual is falling faster than
is higher than historical averages. is higher than historical averages. falling faster than historical averages. historical averages.

CAGR 2Y 253.01% CAGR 2Y 59.7% CAGR 2Y -81.6% CAGR 2Y -60.78%

3Y -25.74% 3Y 59.29% 3Y -2.5% 3Y 135.62%
5Y 6.4% 5Y 25.04% 5Y -22.14% 5Y 159.92%

Financial Ratios

ROE Annual % ROCE Annual % RoA Annual % Current Ratio Annual

37.2% 35.7% YoY Mar'24 34.9% 1.2% YoY Mar'24 11.1% -7.8% YoY Mar'24 1.5 -8.3% YoY Mar'24
40 40 15 2
32.2 12 12 1.7 1.7 1.7
37.2 28.7 29.7 11.1 11.1 1.5
27.4 34.5 34.9 10.3 1.8
23.1 23.4 1.8
22.5 10
17.6 5.9
20 20
13 1
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Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

M

ROE Annual % is stable compared to ROCE Annual % is growing slower than RoA Annual % is falling faster than historical Current Ratio Annual is falling faster than
historical averages. historical averages. averages. historical averages.

CAGR 2Y 26.24% CAGR 2Y 8.33% CAGR 2Y 3.97% CAGR 2Y -3.4%

3Y 42.09% 3Y 25.72% 3Y 23.31% 3Y -3.25%
5Y 9.98% 5Y 1.64% 5Y -1.55% 5Y -2.47%

Net Profit Margin Annual % Interest Coverage Ratio Annual EBIT Annual Margin %

6.8% -15.1% YoY Mar'24 9.4 -45.6% YoY Mar'24 10.3% -12.3% YoY Mar'24
10 60 15
7.6 8.1 11.7
7 7.1 6.8 10.8 11 10.3
38.3 10.2
40 10
4.5 7.1
5
16.4 17.3
20 13.7 5
7.6 9.4

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Net Profit Margin Annual % is falling faster Interest Coverage Ratio Annual is falling EBIT Annual Margin % is falling faster than
than historical averages. faster than historical averages. historical averages.

CAGR 2Y -5.32% CAGR 2Y -24.25% CAGR 2Y -3.56%

3Y 14.81% 3Y 7.56% 3Y 13.07%
5Y -0.55% 5Y -24.47% 5Y 0.16%

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 TITAN COMPANY LTD. Trendlyne Stock Report
Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

Key Metrics - Peer Comparison

COMPARISON
TITAN COMPANY LTD. KALYAN JEWELLERS INDIA LTD. RAJESH EXPORTS LTD. SENCO GOLD LTD. THANGAMAYIL JEWELLERY LTD. D P ABHUSHAN LTD. PC JEWELLER LTD.
(1) (2) (3) (4) (5) (6) (7)

Valuation Score 10.5 24.0 63.5 27.2 42.7 27.5 25.3

P/E Ratio TTM 86.4 78.2 25.4 44.6 36.6 44.0 -4.0

Forward P/E Ratio 70.2 53.1 9.8 34.7 29.9 - -

PEG Ratio TTM 11.6 2.1 -0.3 3.5 0.7 1.2 0.0

Forward PEG Ratio 3.1 1.1 0.1 1.4 1.3 - -

Price to Book Value 32.1 11.1 0.6 5.9 9.2 11.4 0.9

Price to Sales TTM 5.9 2.5 0.0 1.5 1.2 1.2 4.2

Price to Sales Annual 6.6 2.4 0.0 1.1 0.9 0.8 4.1

EV to EBITDA 59.2 31.9 10.8 16.6 18.2 19.8 -61.6

Market Cap to Sales 6.6 2.4 0.0 1.1 0.9 0.8 4.1

Price to Free Cash Flow 177.0 36.8 -9.7 9.0 7.9 24.2 -37.2

Graham Number 305.6 72.8 363.4 303.6 426.2 259.0 -

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 TITAN COMPANY LTD. Trendlyne Stock Report
Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

Valuation Summary

Valuation Score Titan Company Ltd. has a valuation score of 11, which indicates an Expensive Valuation.

11 / 100
A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.

The Valuation helps you identify stocks which are still bargains, and whose strengths are not fully priced into the share price.

Expensive Valuation

Bad Medium Good

11
0 30 50 100

Valuation Trend Titan Company Ltd. : Jun '23 - Jun '24 Valuation v/s Peers

100
Titan Company 10.5

75 Kalyan Jewellers India 24.0

GOOD Rajesh Exports 63.5

50

Senco Gold 27.2

MEDIUM
25
Thangamayil Jewellery 42.7

0 D P Abhushan 27.5
23

23

24

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PC Jeweller 25.3
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0 10 20 30 40 50 60 70

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Titan Company Ltd. (10) has lowest Valuation score amongst its peers, behind Kalyan Jewellers
0% 0% 100.0% 10.2 (03 Jun '24) 7.2 (08 Dec '23) India Ltd. (24)

P/E Buy Sell Zone

Titan Company Ltd. has spent 60.1% of the time below the current P/E 86.4. This puts it in the PE
Sell Zone

Sell Zone 60.1% into P/E buy sell zone This is based on the tendency of the P/E value to revert to its historical mean.

If the P/E value has spent most of its time below the current value, then it means that most gains
have probably been realised already, and it is time to sell.
Strong upside potential % time spent below current P/E Gains already realized If the P/E value has spent very little time below the current value, then it means that there is strong
potential upside, and it is time to buy.

Valuation Metrics

PE TTM Price to Earnings Price To Sales Annual DividendPayoutCP_A Graham Number

86.4 17.0% YoY Jun'24 6.6 -15.4% YoY Jun'24 0.3 15.7% YoY Jun'24 305.6 8.0% YoY Jun'24
200 10 0.5 400
7.8 0.5 305.6
183.5 283.1
6.4 6.6
0.3
101.4 5.1 0.3 217.6
100 86.4 5 0.25 0.2 200 161.3
73.9 3.9
55.4 0.2 119.6

0 0 0 0
Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24

PE_TTM growth is higher than historical Price To Sales Annual growth is higher than Annual Dividend Payout CP growth is higher Graham Number is falling faster than
averages. historical averages. than historical averages. historical averages.

CAGR 2Y -3.5% CAGR 2Y -8.0% CAGR 2Y 24.7% CAGR 2Y 12.8%

3Y -12.1% 3Y 1.2% 3Y -11.3% 3Y 28.5%
5Y 6.0% 5Y 5.4% 5Y 1.4% 5Y 14.3%

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 TITAN COMPANY LTD. Trendlyne Stock Report
Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

Momentum Summary

Momentum Score Titan Company Ltd. has a Momentum score of 51, which indicates that it is Technically Neutral.

51 / 100
A High Momentum Score indicates the stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock
universe.

Momentum is a very effective short term score, while Durability and Valuation help assess the stock’s health over the long term.
Technically Neutral

Bad Medium Good

51
0 35 60 100

Momentum Trend Titan Company Ltd. : Jun '23 - Jun '24 Momentum v/s Peers 20 Jun '24

100
Titan Company 50.9

75 Kalyan Jewellers India 66.9

GOOD
Rajesh Exports 36.2
50

MEDIUM Senco Gold 67.2

25
Thangamayil Jewellery 56.0

0 D P Abhushan 67.5
23

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Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Titan Company Ltd. (51) has sixth-highest Momentum score amongst its peers, behind
48.8% 51.2% 0% 69.1 (29 Dec '23) 39.6 (03 Jun '24) Thangamayil Jewellery Ltd. (56)

Price Change Analysis Key Momentum Metrics

LTP : 3399.75 RSI MFI

1 Day 3383.4 3473.65

48.6 52.1
1 Week 3383.4 3625
RSI is 48.6, RSI below 30 is considered oversold MFI is 52.1, MFI below 30 is considered
and above 70 overbought oversold and above 70 overbought
1 Month 3055.65 3625

3 Months 3055.65 3838.3

MACD MACD Signal Line
6 Months 3055.65 3886.95
14.5 1.2
1 Year 2882.45 3886.95
MACD is above its center and signal Line, this MACD is above its center and signal Line, this
3 Year 1662.5 3886.95 is a bullish indicator. is a bullish indicator.

5 Year 720.9 3886.95

ATR
500 1000 1500 2000 2500 3000 3500 4000 4500

86.6

Simple Moving Averages Exponential Moving Averages

Titan Company Ltd. is trading below 6 out of 8 SMAs. Titan Company Ltd. is trading below 8 out of 8 EMAs.

BEARISH BULLISH BEARISH

6/8 2/8 8/8

Bullish v/s Bearish SMAs Bullish v/s Bearish SMAs

(if the current price is above a moving average, it is considered bullish) (if the current price is above a moving average, it is considered bullish)

5Day SMA 3483.4 50Day SMA 3437.4 5Day EMA 3446.2 26Day EMA 3416.7

10Day SMA 3454.8 100Day SMA 3557.4 10Day EMA 3437.3 50Day EMA 3448.6

20Day SMA 3390.4 150Day SMA 3570.8 12Day EMA 3431.2 100Day EMA 3485.4

30Day SMA 3372.6 200Day SMA 3485.3 20Day EMA 3416.9 200Day EMA 3406.8

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 TITAN COMPANY LTD. Trendlyne Stock Report
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Textiles Apparels & Accessories

Momentum Oscillators Pivot Support & Resistances

Titan Company Ltd. is trading above 5 out of 9 Oscillators in bullish zone. Titan Company Ltd. at 3399.75 is trading below it's Pivot 3418.93.

BEARISH NEUTRAL BULLISH 3550 R3 - 3544.7

3/9 1/9 5/9 R2 - 3509.2

3500

Bullish v/s Bearish Oscillators

(if an oscillator is in its negative range, it is considered bearish) R1 - 3454.5
3450

PIVOT - 3418.9
LTP - 3399.8
RSI(14) 48.6 MACD(12, 26, 9) 14.5 3400

Stochastic Oscillator 66.2 Stochastic RSI 54.9 S1 - 3364.2

3350

CCI 20 26.4 William -39.6 S2 - 3328.7

3300
Awesome Oscillator 137.9 Ultimate Oscillator 48.6
S3 - 3274.0
Momentum Oscillator 78.1
3250

Neutral Bullish Bearish

Volatility Metrics

Beta
1 month 3 month 1 year 3 year ADX Day Bollinger Bands Mid_20_2

0.47 0.59 0.65 0.28 20.8 3390.4

beta value for 3 month indicates price tends to be less volatile than the market

Daily Volume Analysis Active Candlesticks

Daily average delivery volume over the past week is 52.0%

Bullish Candlestick Pattern Bearish Candlestick Patterns
21 Jun, 2024 1.4M 2.8M
No active candlesticks No active candlesticks
Week 1.1M 2.2M

Month 991.3K 1.8M

0 500k 1 000k 1 500k 2 000k 2 500k 3 000k

Combined Delivery Volume NSE+BSE Traded Volume

Daily Avg. Delivery Volume %

21 Jun, 2024 Week Month

51.8% 52.0% 56.4%

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 TITAN COMPANY LTD. Trendlyne Stock Report
Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

Checklist Summary

Trendlyne Checklist Score

52.2% pass 12 | 11
=
Financial
5|3
+
Value & Momentum
2|6
+
Ownership
3|1
+
Peer Comparison
2|1

Financial Value & Momentum

5 criteria met | 3 not met 2 criteria met | 6 not met

Company has seen consistent profit growth in the last eight The stock is in the Buy Zone according to its historical P/E?
quarters? No
No
The stock is in the Buy Zone according to its historical P/E
Stock has seen consistent profit growth in the last eight quarters

The stock is in the Buy Zone according to its historical P/BV?

Company has seen consistent sales growth in the last eight quarters? No
Yes The stock is in the Buy Zone according to its historical P/BV
Stock has seen consistent sales growth in the last eight quarters

Company's valuation score signals overall affordability?

Company has high Trendlyne Durability Score? No
No Company's valuation score signals overall affordability
Stock has high Trendlyne Durability Score (>=60)

Trendlyne Momentum Score shows bullishness?

Company has high Piotroski Score? Yes
No Trendlyne Momentum Score shows bullishness
Stock has high Piotroski Score (>= 7)

Stock is trading above all short term SMAs?

Company has Low Debt? No
Yes Stock is trading above all short term SMAs
Stock has Low Debt

Stock is trading above all long term SMAs?

Shareholder Value: Company has Strong ROE? No
Yes Stock is trading above all long term SMAs
Shareholder Value: Stock has Strong ROE

Stock has bullish candlesticks?

Company has Positive Net Cash Flow? Yes
Yes Stock has bullish candlesticks OR Stock has no bearish candlesticks
Stock has Positive Net Cash Flow

Stock has active positive breakouts?

Company is generating increasing cash from operations? No
Yes Stock has active positive breakouts
Positive CFO for last 2 years

Ownership Peer Comparison

3 criteria met | 1 not met 2 criteria met | 1 not met

FII/FPI or DIIs are buying the stock? Company is giving better long term returns than the industry?
Yes
Yes
Institutions have been increasing stake in the company over the past Company is giving better long term returns than the industry
four quarters

Company's sales growth is better than the industry median?

Promoters are buying the stock or ownership is stable? Yes
Yes Company's sales growth is better than the industry median
Promoters are buying the stock or ownership is stable

Company's profit growth is better than the industry median?

Promoter pledge is low and not increasing? No
Yes Company's profit growth is better than the industry median
Promoter pledge is low and not increasing

Insider have not sold stock in the past 3 months?

No
Insider have not sold stock in the past 3 months

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 TITAN COMPANY LTD. Trendlyne Stock Report
Gems & Jewellery Jun 21, 2024 03:31 PM
Textiles Apparels & Accessories

Forecaster

Consensus Recommendation Share Price Target

Consensus Recommendation Share Price Target (Avg)

BUY ₹3739.17 (10.0% upside)
5000

4500 4490.0

12 13 13 13 13 12
4000

3739.2
8 8 8 7 3500
8 8

6 6 6 7
6 6 3000
2 2 2 2 2
3 2750.0
2024-01-31 2024-02-28 2024-03-30 2024-04-30 2024-05-02 2024-06-20 2500
FY22 FY23 FY24 FY25 FY26
Strong Buy Buy Hold Sell Strong Sell
Future Avg. Estimate High Estimate Low Estimate

The consensus recommendation from 30 analysts for Titan Company Ltd. is BUY

Titan Company Ltd.'s share price target is above the current price, with an upside of 10.0%

Key Metrics - Average Estimates Actual Revenue Avg. Estimate

EPS Interest expense Net income

100 1500 7.5k

60.3 4344.2 5440.0
48.4 19.7% 717.2 690.5 3587.5 19.5%
75 40.5 3342.8
37.8 18.6% 29.1% -3.9% -2.5%
-2.8% 1000 508.8 5k -2.8%
-3.0% 2382.2
26.7
258.2 -8.8%
50 -6.5% 210.8 16.2%
3.4%
500 2.5k
25

0 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-6.5% -3.0% -2.8% 18.6% 19.7% 3.4% 16.2% 0% 29.1% -3.9% -8.8% -2.8% -2.5% 19.5% 0%
Surprises Estimate Surprises Estimate Surprises Estimate

EPS is expected to grow by 22.9% in FY25 Interest expense is expected to grow by 41.0% in FY25 Net income is expected to grow by 24.3% in FY25
Titan Company Ltd.'s EPS was lower than average estimate 3 Titan Company Ltd.'s Interest expense was higher than average Titan Company Ltd.'s Net income was lower than average
times in past 3 years estimate 2 times in past 3 years estimate 3 times in past 3 years

Depreciation & amortization Cash flow per share Dividend per share

1000 75 30
651.2 730.2 29.9 27.0 15.7
14.2% 10.8% 84.2% -10.8% 13.2 16.1%
558.4 50 53.2 12.2
750 -71.0% 20 9.8 7.5%
4.7
430.3 7.9 1.9%
398.4 -2.9
2.5% 25 -5.5%
0.2% -183.3%
500 10
0

250 -25 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

0.2% 2.5% 0% 14.2% 10.8% -183.3% -71.0% 0% 84.2% -10.8% -5.5% 1.9% 0% 7.5% 16.1%

Surprises Estimate Surprises Estimate Surprises Estimate

Depreciation & amortization is expected to grow by 16.6% in Cash flow per share is expected to grow by 531.2% in FY25 Dividend per share is expected to grow by 8.1% in FY25
FY25 Titan Company Ltd.'s Cash flow per share was lower than Titan Company Ltd.'s Dividend per share was lower than
Titan Company Ltd.'s Depreciation & amortization was higher average estimate 3 times in past 3 years average estimate 2 times in past 3 years
than average estimate 2 times in past 3 years

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 TITAN COMPANY LTD. Trendlyne Stock Report
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Forecaster Actual Revenue Avg. Estimate

Free cash flow EBIT Revenue

10k 15k 100k

2992.4 57853.6 67904.6
2360.0 2390.7 7462.4 48768.6
20.1% 11.7% 14.8%
2049.4 1.3% 6033.7 19.1% 75k 38890.7 4.8%
5k -54.2% 10k 4555.5 4895.9 22.0% 28888.7 4.3%
1388.1
3209.9 -2.6% -3.8% -0.3%
-168.3% 50k
-8.3%
0 5k
25k

-5k 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-168.3% -54.2% 0% 1.3% 20.1% -8.3% -2.6% -3.8% 22.0% 19.1% -0.3% 4.3% 4.8% 11.7% 14.8%
Surprises Estimate Surprises Estimate Surprises Estimate

Free cash flow is expected to grow by 1.3% in FY25 EBIT is expected to grow by 28.2% in FY25 Revenue is expected to grow by 13.3% in FY25
Titan Company Ltd.'s Free cash flow was lower than average Titan Company Ltd.'s EBIT was lower than average estimate 3 Titan Company Ltd.'s Revenue was higher than average estimate
estimate 3 times in past 3 years times in past 3 years 2 times in past 3 years

Capital expenditure Cash EPS

1500 100
73.5
657.2 57.4 21.9%
601.0 568.5
1000 13.5% 75 18.4%
381.6 -5.7% 46.8
13.2% 43.2
346.6 -3.7%
-35.4% 31.6
500 50 -7.0%

0 25
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-35.4% 13.2% 0% -5.7% 13.5% -7.0% -3.7% 0% 18.4% 21.9%

Surprises Estimate Surprises Estimate

Capital expenditure is expected to reduce by 5.4% in FY25 Cash EPS is expected to grow by 22.5% in FY25
Titan Company Ltd.'s Capital expenditure was lower than Titan Company Ltd.'s Cash EPS was lower than average
average estimate 2 times in past 3 years estimate 3 times in past 3 years

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 TITAN COMPANY LTD. Trendlyne Stock Report
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Shareholding Summary Shareholding Trend

60%
52.9% 52.9% 52.9% 52.9% 52.9%
Promoter 52.9%

DII 10.5% 40%

FII 19.0%
19.1%
17.5% 18.5% 18.9% 19.0%
20%
11.4% 10.6% 10.1% 10.4% 10.5%
Public 17.6%

0%
Others 0.1% Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024

0% 10% 20% 30% 40% 50% 60%

Promoter FII DII

Retail investors (Promoter) form the biggest shareholding segment Promoter , FII , DII , over the Mar 2024 quarter

Mutual Fund Holding and Action

400 Promoters holding remains unchanged at 52.90% in Mar 2024 qtr

301.0 307.0 Mutual Funds have decreased holdings from 5.54% to 5.46% in Mar 2024 qtr
294.0 293.0 298.0
300
262.0
Number of MF schemes increased from 45 to 47 in Mar 2024 qtr.

200 FII/FPI have increased holdings from 18.89% to 19.01% in Mar 2024 qtr.

108.0 106.0
97.0 90.0 93.0 Number of FII/FPI investors increased from 1123 to 1161 in Mar 2024 qtr.
100 84.0
53.0 61.0 56.0
48.0 42.0
Institutional Investors have increased holdings from 29.32% to 29.48% in Mar
0 2024 qtr.
Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 May-2024

Net Holders Bought some / all Sold some / all

Major Shareholders Titan Company Ltd. : Mar '24

Superstar Promoters

Name Shares % Change % Name Shares % Change %

Rekha Jhunjhunwala 5.3% -15.5% Tamilnadu Industrial 27.9% -

Development
Corporation Ltd

Tata Sons Private 20.8% -7.0%

Limited

Bulk / Block Deals

Date Client Name Deal Type Action Avg Price Qty Exchange

25 Jan'24 SOCIETE GENERALE Block Sell 3,767.8 64,252 NSE

25 Jan'24 MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 3,767.8 5,208 NSE

25 Jan'24 MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 3,767.8 3,586 NSE

25 Jan'24 MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 3,767.8 55,458 NSE

25 Jan'24 BNP PARIBAS ARBITRAGE Block Sell 3,767.8 263,114 BSE

25 Jan'24 SOCIETE GENERALE Block Purchase 3,767.8 263,114 BSE

26 Oct'23 AIA INVESTMENT TRUST AIA SINGAPORE PARTICIPATING FUND HERITAGE USD Block Sell 3,124.8 1,899 BSE

26 Oct'23 AIA INVESTMENT TRUST AIA SINGAPORE PARTICIPATING FUND USD Block Sell 3,124.8 2,969 BSE

26 Oct'23 AIA INVESTMENT TRUST AIA SINGAPORE PARTCIPATING FUND HERITAGE SGD Block Sell 3,124.8 1,032 BSE

26 Oct'23 AIA INVESTMENT TRUST-AIA SINGAPORE PARTICIPATING FUND SGD Block Sell 3,124.8 36,605 BSE

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Insider Trading / SAST

Reporting Date Insider Name Insider Type Regulation Action Avg Price Qty Mode

12 Mar'24 TITAN EMPLOYEE STOCK OPTION TRUST Trust Insider Trading Acquisition 3,797.8 15,900 Market Purchase

13 Dec'23 Vrunda Bhaskar Directors Immediate Relative Insider Trading Disposal - 3,000 Off Market

07 Dec'23 Vrunda Bhaskar Directors Immediate Relative Insider Trading Disposal - 1,000 Off Market

07 Dec'23 Vrunda Bhaskar Directors Immediate Relative Insider Trading Disposal - 1,000 Off Market

07 Dec'23 Vrunda Bhaskar Directors Immediate Relative Insider Trading Disposal - 1,000 Off Market

07 Dec'23 Vrunda Bhaskar Directors Immediate Relative Insider Trading Disposal - 500 Off Market

07 Dec'23 Vrunda Bhaskar Directors Immediate Relative Insider Trading Disposal - 500 Off Market

21 Sep'23 TITAN EMPLOYEE STOCK OPTION TRUST Other Insider Trading Acquisition 0.2 21,000 Market Purchase

21 Sep'23 TITAN EMPLOYEE STOCK OPTION TRUST Other Insider Trading Acquisition 0 139,700 Market Purchase

19 Sep'23 TITAN EMPLOYEE STOCK OPTION TRUST Other Insider Trading Acquisition 0 125,000 Market Purchase

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ABOUT THE COMPANY

Titan Company Ltd.

Titan Company is primarily involved in manufacturing and sale of Watches, Jewellery, Eyewear and other accessories and products.
website: www.titancompany.in

BRANDS OWNED BY THE COMPANY

Nebula Taneira Skinn Titan EyePlus CaratLane

Zoya Mia Tanishq Titan Favre-Leuba

Titan Raga Helios Xylys Octane Sonata

Fastrack SF Zoop

MANAGEMENT INFORMATION

Dinesh Shetty Mr. Ashok Sonthalia Ajoy Chawla Suparna Mitra

Company Secretary,Compliance Officer,General Chief Financial Officer Chief Executive Officer(Jewellery) Chief Executive Officer(Watches)

Counsel

DIRECTOR INFORMATION

C K Venkataraman Ashwani Puri Sandeep Singhal B Santhanam

Managing Director Independent Director Independent Director Independent Director

124.7M 2024 11.2M 2024 10.8M 2024 10.2M 2024

Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

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Detailed stock report terminology

Trendlyne’s stock report is a comprehensive company analysis report based on its durability, valuation and momentum scores along with the forecaster data, to give you a detailed analysis. The report also
includes Trendlyne’s checklist summary, technical analysis, peer comparison, mutual fund holdings details, insider trading and more.

Durability Score Trendlyne Checklist Score

Durability scores are calculated from 0-100, with zero the worst and 100 the best. Trendlyne Checklist evaluates a stock based on its financial performance, ownership, peer
Durability scores above 55 are considered good(G) and below 35 are considered bad(B). comparison, value and momentum. This helps give an overall performance of the
Scores between 35-55 are considered neutral/Medium/Middle(M). company based on the score.
Stocks with a high durability score (top 20 percentile) are companies that have
consistently and over time, demonstrated good growth and cash flow, stable revenues
and profits, and low debt. PE buy/sell zone
The durability score considers several different metrics and ratios around earnings and
models these over time. Our stocks with high durability scores outperform the index The PE buy/sell zone is calculated based on how many days a stock has traded at its
significantly current PE level. The current PE is compared to the stock’s historical PE performance, to
find out how often (for how many days in the past) the stock has traded at its current PE
value.
Valuation Score If the stock has usually traded above its current PE level (it’s at a higher PE for the
majority of trading days), then the stock is cheaper than usual and in the PE buy zone.
Valuation scores are calculated from 0-100, with zero the worst and 100 the best. If the stock has usually traded below its current PE level (it’s at a lower PE for the
Valuation scores above 50 are considered good(G) and below 30 are considered bad(B). majority of trading days), then the stock is more expensive than usual and in the PE sell
Scores between 30-50 are considered neutral/Medium/Middle(M) zone.
Stocks with a high valuation score (top 20 percentile) are companies whose business and
financial advantages have not yet been priced into their share price. These companies
typically have strong earnings but are currently flying under the radar, and Trendlyne’s Price Volume Charts
valuation score helps shine a spotlight on these companies.
Firms with a low valuation score (bottom 20 percentile) are expensive stocks that have Price volume charts are a type of financial chart that combines two key pieces of
good broker coverage and already have their strengths priced in. They are popular but information about a stock: its price and trading volume. They are commonly used in
pricey. If you are buying them now it would be for a steep price tag: valuation scores help technical analysis to identify trends and patterns in the market.
you identify that. In a price volume chart, the price of the security is plotted on the vertical axis, while the
trading volume is shown on the horizontal axis. Each data point on the chart represents a
single trading day, and the size of the data point may be proportional to the trading
Momentum Score volume.

Scores are calculated from 0-100, with zero being the worst and 100 the best.
Momentum scores above 59 are considered good(G) and below 30 are considered Peer Comparison
bad(B). Scores between 30-59 are considered neutral/Medium/Middle(M)
Momentum score or momentum score identifies the bullish/bearish nature of the stock. Peer comparison in financial analysis is a method of comparing the financial performance
Stocks with a high momentum score (which is calculated daily from over 30 technical and position of one company to its competitors or peers in the same industry or sector.
indicators) are seeing their share price rise, and increase in volumes and sentiment. The purpose of this comparison is to gain insights into how the company is performing
A low and falling momentum score indicates a falling share price. The pace at which this is relative to its competitors and to identify areas where it may be underperforming or
changing is also important for the momentum score. overperforming. In Trendlyne’s stock report, DVM scores are also included in the peer
comparison section.

Analyst recommendation
Technical Analysis
Analyst recommendation of a stock is an assessment made by financial analysts or
brokerage firms about the investment potential of a particular stock. It is usually based Technical analysis is a method of analyzing stocks and other financial instruments that
on a thorough analysis of the company's financial performance, market trends, industry relies on charts and statistical indicators to identify trends and patterns in price and
outlook, and other factors that may impact the stock's value. trading volume.
The analyst recommendation of a stock typically takes the form of a rating or a Key momentum metrics included - relative strength index (RSI), Stochastic RSI, Ultimate
recommendation, such as "buy," "hold," or "sell." The recommendation is usually Oscillator, moving average convergence divergence (MACD), average true range (ATR),
accompanied by a price target, which is the analyst's estimate of the stock's fair value. money flow index (MFI), William, CCI 20 and Awesome Oscillator. Simple and
A low and falling momentum score indicates a falling share price. The pace at which this is exponential moving averages are also included.
changing is also important for the momentum score. To analyse the volatility of the stock, Beta over different periods of time, Average
Directional Movement Index and Bollinger bonds are used. Along with this, active
candlesticks, daily volume analysis is also provided in the rapport.

Disclaimer
© 2024 Giskard Datatech Pvt Ltd
Republication or redistribution of Giskard content, including by framing or similar means, is prohibited without the prior written consent of Giskard. All information in this report is assumed to be
accurate to the best of our ability. Giskard is not liable for any errors or delays in Giskard content, or for any actions taken in reliance on such content. Any forward-looking statements included in the
Giskard content are based on certain assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations.

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