ICICI Direct has purchase name on with a goal value of Rs 3080. The present market value of Firm is Rs 2631.2. Time interval given by analyst is one yr when it is value can attain outlined goal.

Titan Firm, integrated within the yr 1984, is a big cap firm (having a market cap of Rs 233620.93 Crore) working in gems and jewelry sector.

It is key merchandise/income segments embrace jewelry, watches, treasured & semi treasured stones, eyewear, others, different working income, scrap, different providers for the yr ended March 31, 2022.

Financials

For the quarter ended June 30, 2022, the corporate has reported a consolidated complete earnings of Rs 9487 crore, up 20.52 per cent from final quarter complete earnings of Rs 7872 crore and up 169.59 per cent from final yr similar quarter complete earnings of Rs 3519 crore.

Firm has reported web revenue after tax of Rs 790.00 crore in newest quarter.

The corporate’s prime administration contains 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 Okay Venkataraman, Mr.N N Tata, Ms.Jayashree Muralidharan. Firm has B S R & Co. LLP as its auditors. As on June 30, 2022, the corporate has a complete of 89 crore shares excellent.

Funding Rationale
Titan has been a constant compounder with the inventory value growing at 26percentCAGR within the final three years. Titan is a structural progress story and seems to be a key beneficiary of the un-organised to organised shift within the Indian jewelry market. The brokerage values Titan at Rs 3080 i.e. 70x FY24E EPS.

Promoter/FII Holdings
Promoters held 52.9 per cent stake within the firm as of June 30, 2022, whereas FIIs owned 16.77 per cent, DIIs 11.26 per cent.