WinstonWınston
Back
Titan Company Limited logo

Titan Company Limited

TITAN.NS
54
Luxury Goods · Consumer Cyclical
Price
₹5086.10
+18.10 (+0.36%)
Market Cap
₹4.51T
Exchange
National Stock Exchange of India
Winston Score
54
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Exceptional
Cash Flow
Mixed
Stability
Good
Valuation
Good
Dividends
Weak

Winston Score History

The full picture

Titan Company Limited is an Indian consumer goods company that makes and sells watches, jewelry, eyewear, and accessories. Its most famous brands include Tanishq (jewelry), Titan and Fastrack (watches), and Titan Eye+ (eyewear). It sells to everyday Indian consumers as well as premium buyers, and it is one of India's largest organized jewelry retailers.

Titan earns money primarily through retail sales at its thousands of stores across India, with jewelry making up the vast majority of its revenue. The company is a subsidiary of the Tata Group, one of India's most trusted conglomerates, which gives it strong brand recognition and consumer trust. Titan operates almost entirely within India, though it has some international presence. Its biggest growth driver is the ongoing shift of Indian jewelry buyers from unorganized local jewelers to trusted branded retailers — but rising gold prices and thin margins in the jewelry segment remain a persistent risk to profitability.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+38.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+36.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

₹0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

62.7%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

₹0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Titan Company Limited grew revenue 38% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.1% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 887.8M (2022) → 887.0M (2026)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
20.4%
Thin — 20.4% gross margin
Profit after running costs
Operating Margin
12.3%
Healthy — 12.3% operating margin
Return on the money invested
ROCE
14.7%
Good — 14.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+30.9%
Fast-growing sales (+30.9% YoY)
Profit growth
EPS YoY
+55.3%
Earnings growing fast (+55.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
60%
Weak — only 60% of profit becomes cash
Spare cash per sale
FCF Margin
3.8%
Thin free cash flow (3.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.75
Elevated debt (1.75)
Covers its interest
Interest Cover
5.02x
Adequate interest coverage (5.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
78.2x
Expensive — P/E 78.2

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+29.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (78.2 → 49.2)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
0.30%
Small dividend — 0.30% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-96.1%
Dividend cut (-96.1% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial