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Titan Firm, included within the yr 1984, is a Giant Cap firm (having a market cap of Rs 219895.75 Crore) working in Gems and Jewelry sector.
Titan Firm key Merchandise/Income Segments embody Jewelry, Watches, Treasured & Semi Treasured Stones, Eyewear, Others, Different Working Income, Scrap, Different Companies for the yr ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the corporate has reported a Consolidated Whole Revenue of Rs 9224.00 Crore, down -2.77 % from final quarter Whole Revenue of Rs 9487.00 Crore and up 22.20 % from final yr similar quarter Whole Revenue of Rs 7548.00 Crore. Firm has reported internet revenue after tax of Rs 835.00 Crore in newest quarter.
The corporate’s prime administration consists of 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 Ok Venkataraman, Mr.N N Tata, Ms.Jayashree Muralidharan. Firm has B S R & Co. LLP as its auditors. As on 30-09-2022, the corporate has a complete of 89 Crore shares excellent.
Funding Rationale
Within the Jewelry business, which is seeing a wave of formalization, the inventory is clearly on the vanguard amongst organized gamers in main this development. Its runway for development is lengthy, with a market share of lower than 10%. Not like different excessive development classes, the aggressive depth from organized and unorganized friends within the section is significantly weaker.
Apart of the brokerage’s expectation of probably slower development in 3QFY23 on a really excessive base within the jewelry enterprise, there are not any considerations past that, particularly with the geopolitical state of affairs stabilizing. Costly valuations within the close to time period can be burnished by its fast tempo of development. The brokerage preserve its Purchase ranking with a TP of Rs 2,910 (60x Sep’24 EPS).
Promoter/FII Holdings
Promoters held 52.9 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 16.77 per cent, DIIs 11.53 per cent.
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