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Titan Company Limited TITAN.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website

Titan Company Limited statistics & valuation

Market cap₹4.49T
P / E88.4×
P / S5.1×
P / B28.6×
P / FCF95.7×
Net margin5.8%
FCF margin5.4%
Net debt₹295.3B
Enterprise value USD$50.2B
Earnings yield EBIT/EV1.6%
Return on capital36.4%
Graham number -90.6%₹477.08

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹477.08); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.00% 6.90% 5.50% 5.80% 2023202420252026
Gross margin (%)
24.80% 22.50% 21.20% 19.40% 2023202420252026
Operating margin (%)
11.10% 9.30% 8.30% 8.70% 2023202420252026
Return on equity (%)
27.40% 37.20% 28.70% 32.30% 2023202420252026
Shares outstanding
887.3M 887.3M 887.3M 887.3M 2023202420252026
Net debt (₹)
₹91.35B ₹151.19B ₹203.70B ₹295.34B 2023202420252026
Share buybacks (₹)
₹0 ₹2.36B ₹60.0M ₹0 2023202420252026
Return on assets (%)
12.00% 11.10% 8.20% 8.40% 2023202420252026
Free cash flow margin (%)
2.30% 2.00% -1.70% 5.40% 2023202420252026
Debt / equity (×)
0.79× 1.65× 1.79× 1.95× 2023202420252026
EPS (₹)
₹36.61 ₹39.38 ₹37.61 ₹57.16 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Titan Company Limited trades at about 88.5× earnings — near its 10-year norm (10-year range 72.2×–91.1×, median 89.9×).

72.2× 91.1×

Shaded band = 10-year range (72.2×–91.1×); dot = today's 88.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin19.4%21.2%22.5%24.8%
Operating margin8.7%8.3%9.3%11.1%
Net margin5.8%5.5%6.9%8.0%
FCF margin5.4%-1.7%2.0%2.3%
Return on assets8.4%8.2%11.1%12.0%
Return on equity32.3%28.7%37.2%27.4%
Debt / equity0.01×0.05×0.35×0.00×
Current ratio1.281.341.551.69

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.