has purchase name on with a goal value of Rs 3080. The present market value of Titan Firm is Rs 2499.7.
Titan Firm, included within the 12 months 1984, is a Massive Cap firm (having a market cap of Rs 221049.88 Crore) working in Gems and Jewelry sector.
Titan Firm key Merchandise/Income Segments embrace Jewelry, Watches, Valuable & Semi Valuable Stones, Eyewear, Others, Different Working Income, Scrap, Different Providers for the 12 months ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the corporate has reported a Consolidated Complete Revenue of Rs 9224.00 Crore, down -2.77 % from final quarter Complete Revenue of Rs 9487.00 Crore and up 22.20 % from final 12 months identical quarter Complete Revenue of Rs 7548.00 Crore. Firm has reported internet revenue after tax of Rs 835.00 Crore in newest quarter.
The corporate’s high 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
Earnings development visibility for the inventory stays sturdy. It has compounded earnings by~20% for an prolonged time frame. Within the Jewellery trade, which is organizing at a fast house, it’s clearly on the vanguard by way of development amongst organized gamers. Its runway for development is lengthy, with a market share of ~6%. Not like different high-growth classes, the aggressive depth from organized and unorganized friends in Jewellery is significantly weaker. The structural funding case for the corporate is unbroken. The brokerage maintains its BUY score with a goal value of Rs 3,080.
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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