Titan Company Ltd.

NSE: TITAN | BSE: 500114 | ISIN: INE280A01028 | Industry: Gems & Jewellery
| Expensive Performer
3486.8000 18.90 (0.54%)
NSE Aug 12, 2025 15:31 PM
Volume: 929.3K
 

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Titan Company Ltd.
07 Aug 2019
3486.80
0.54%
HDFC Securities
While there is no questioning the execution skills of the outfit, its no See's Candy as Titan operates in a put-up-more-to-earn-more' industry. The entire cumulative CFO (ex-working capital) has gone towards working capital and capex needs over FY14-19. All Plausible tailwinds baked. Our DCF bakes an 18%+ market share in jewellery in FY30 already! TTAN has corrected nearly 25% from its peak and it could well be on its way to more palatable valuations; the stock isn't there yet, though. We maintain our Neutral stance on the name. Growth hits a pit-stop. Back-ended expansion increases want from productivity increase if Titan has to scrape through its guided 22% growth This may be a stretch even for Titan given elevated gold prices and weak consumer sentiments. We have a DCF-based TP of Rs. 1020/sh.
Titan Company Ltd. is trading above its 200 day SMA of 3358.3
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