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Titan Company Limited (TITAN) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹4.1T (≈ $43.1B) · ISIN INE280A01028

What is Titan Company Limited really worth?

TC Titan Company Limited TITAN · NSE
Price₹5,020
Fair Value₹972.23
Upside−80.6%
Quality56/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 416% above our fair value of ₹972.23.

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Strengths

Healthy Growth (revenue 5y +28.8 %/yr)
Low debt · generates free cash flow

Risks

!Thin margins · 5.8% net margin
!Mixed vs. peers (7/14)
!Moderate moat 59/100
!Evidence only low, so the estimate is less certain
!The models disagree: range ₹729.17 to ₹2,165
!Weak on dividend: 6 out of 100

For context

·0.30% dividend yield
Evidence: Low Range ₹729.17 – ₹2,165

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price +2.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹2,165). The favourable scenario is already priced in.
  • The model range is unusually wide (₹729.17 to ₹2,165). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

₹5,169 ₹1,446 Fair Value ₹972.23 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1,446 – ₹5,169 · fair‑value band ₹729.17 – ₹2,165 · the ₹5,020 price screens above the ₹972.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Titan Company Limited (TITAN) currently trades at ₹5,020, while our model-based Fair Value estimate is ₹972.23, implying the stock looks roughly 416.3% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of ₹1,760 per share, and 0 of the 26 models we run sit above the ₹5,020 price. Bear case: the Asset-Based group reads lowest at ₹118.61, and 26 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Titan Company Limited generated revenue of ₹876B at a net margin of 5.8%. Revenue grew 80.5% year over year. It earns a return on equity of 37.1%. Net debt stands at ₹297B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹729.17 (bear case) to ₹2,165 (bull case); at ₹5,020, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −81%, TITAN screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹18.25 per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF ₹927.55 ₹1,542 ₹3,432 75
EPV ₹674.53 ₹789.94 ₹892.52 74
Growth DCF ₹882.53 ₹1,742 ₹3,494 74
All 26 models by family
DCF Models
FCF DCF ₹927.55 ₹1,542 ₹3,432 75
Owner Earnings ₹957.92 ₹2,217 ₹4,978 70
5Y Revenue Exit ₹830.93 ₹1,529 ₹2,914 69
5Y EBITDA Exit ₹881.15 ₹1,636 ₹3,037 71
5Y P/E Exit ₹951.46 ₹2,009 ₹3,391 68
10Y Revenue Exit ₹827.99 ₹1,760 ₹2,754 65
10Y EBITDA Exit ₹896.38 ₹1,860 ₹3,655 64
10Y P/E Exit ₹947.45 ₹2,001 ₹3,857 60
Earnings-Based
Graham-Dodd ₹388.89 ₹2,712 ₹3,806 63
Lynch FV ₹850.70 ₹1,215 ₹1,580 61
PEG = 1.0 ₹850.70 ₹1,215 ₹1,580 57
EPV ₹674.53 ₹789.94 ₹892.52 74
Dividend Discount
Gordon GGM ₹105.84 ₹231.06 ₹388.77 65
DDM Multi-Stage ₹105.84 ₹189.27 ₹240.80 66
Multiples
P/E Multiple ₹943.63 ₹1,258 ₹1,573 63
P/S Multiple ₹729.17 ₹972.23 ₹1,215 58
P/B Multiple ₹531.08 ₹708.10 ₹885.13 55
EV/EBIT ₹1,166 ₹1,548 ₹1,930 66
EV/EBITDA ₹868.26 ₹1,151 ₹1,433 67
EV/Revenue ₹747.80 ₹1,059 ₹1,371 54
Asset-Based
NCAV (Graham) ₹88.51 ₹118.61 ₹177.03 54
Growth DCF
Growth DCF ₹882.53 ₹1,742 ₹3,494 74
Rev-Margin DCF ₹830.93 ₹1,665 ₹2,933 69
Economic Profit
Residual Income ₹458.01 ₹679.70 ₹7,628 64
ROIC Compounder ₹810.73 ₹1,134 ₹1,575 71
Growth Earnings
Growth-Adj P/E ₹1,166 ₹1,665 ₹2,165 67

Widest divergence: DCF Models (₹1,760) versus Asset-Based (₹118.61). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/E ratio 87.8
P/S ratio 5.80 P/E × margin
EPS (TTM) ₹57.17 price ÷ EPS = P/E 87.8
Dividend yield 0.3% payout 26.2%
Net margin 6.6% FY2026
Return on equity 37.1% TTM
More key figures
Profitability
Return on assets (EBIT) 22.9% avg 5y
Operating margin 6.4% TTM
Growth
Revenue (TTM) ₹876B TTM
Revenue growth (YoY) +80.5% 3y avg +23.7%
EPS growth (YoY) +35.1%
Balance sheet & cash flow
Free cash flow ₹46.9B FY2026
Net debt ₹297B FY2026 · ≈ 6.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 80

Profitability 62
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, eyewear, and other accessories and products in India and internationally. It operates through four segments: Watches and Wearables, Jewellery, Eyecare, and Others.

Full company description

Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, eyewear, and other accessories and products in India and internationally. It operates through four segments: Watches and Wearables, Jewellery, Eyecare, and Others. The company designs, manufactures, and retails watches and wearables under the Nebula, Titan, Titan Clocks, Zoop, Titan Octane, Raga, Xylys, Edge, Fastrack, Sonata, Titan Smart, Fastrack smart, SF, Titan World, and Helios brands; jewellery products under the Mia, CaratLane, Tanishq, and Zoya brands; and eyecare products under the Titan Glares, Titan Eye+ and Fastrack Eyecare brands. It also offers sarees, dress materials, and ready-to-wear kurtas under the Taneira brand; perfumes under the SKINN brand; belts and wallets under the TITAN brand; and bags under the Fastrack and IRTH brands. In addition, the company provides manufacturing services and automation solutions for aerospace, defense, transportation, electrical and electronics, and medical sectors. It offers its products through owned and franchised retail stores, as well as online. The company was formerly known as Titan Industries Limited and changed its name to Titan Company Limited in August 2013. Titan Company Limited was incorporated in 1984 and is based in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Titan Company Limited reported revenue of ₹768B in FY2026 versus ₹288B in FY2022, a compound +27.8%/yr. Reported net income was ₹50.7B in FY2026, compounding +23.6%/yr from FY2022.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹768B
Latest YoY
+27.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.8%
Avg. revenue growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.4%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.5% (13.2 + 0.3)
Revenue +27.8%/yr
FY22 ₹288B
FY23 ₹406B
FY24 ₹511B
FY25 ₹605B
FY26 ₹768B
Net income +23.6%/yr
FY22 ₹21.7B
FY23 ₹32.5B
FY24 ₹35.0B
FY25 ₹33.4B
FY26 ₹50.7B
Character of growth · EPS growth decomposed (2015-2026) +20.6 % p.a.
Revenue per share +20.0 %

of which total revenue +20.0 % · buybacks/dilution +0.0 %

EBIT margin −4.4 %
Tax rate −0.2 %
Residual (interest, one-offs) +5.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

TITAN screens 416% overvalued. Compare with Hermès International Société en commandite par actions →

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Cite: Fair Value Calculator (2026). "Titan Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/TITAN

Peer Group

Luxury Goods · 135 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 37% · Top 25%
Return on assets 9% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 81% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/E (TTM) 87.8× · Pricier than 75% of peers
P/B 25.87× · Pricier than 75% of peers
P/S (TTM) 4.64× · Pricier than 75% of peers
P/FCF 0.9× · Cheaper than median
EV/EBITDA 51.3× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 10
FUTURE100 · sector 48
PAST100 · sector 40
HEALTH100 · sector 99
DIVIDEND6 · sector 41

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Hermès International Société en commandite par actions RMS €1,598 €950.24 −41%
Compagnie Financière Richemont SA CFR CHF 192.15 CHF 119.49 −38%
Christian Dior SE DIO €423.60 €1,095 +159%
Tapestry, Inc TPR $153.74 $19.95 −87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 −6%
The Swatch Group UHRN CHF 36.35 CHF 8.46 −77%
Prada S.p.A 1913 HK$40.86 HK$64.71 +58%
Pandora A/S PNDORA kr 783.00 kr 1,424 +82%
Laopu Gold Co 6181 HK$385.00 HK$654.83 +70%
Brunello Cucinelli S.p.A BC €89.08 €34.90 −61%

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Frequently asked questions

Is Titan Company Limited (TITAN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹972.23 versus a price of ₹5,020, about −81% upside (overvalued).
What is the fair value of TITAN?
Our model-based fair value for Titan Company Limited is ₹972.23 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹5,020.
What is the quality score of TITAN?
Titan Company Limited has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Titan Company Limited (TITAN)?
Titan Company Limited reported trailing-twelve-month revenue of about ₹876B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TITAN?
The net profit margin of Titan Company Limited is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.
Does Titan Company Limited pay a dividend?
Titan Company Limited currently shows a dividend yield of about 0.30% relative to its recent price (as of Aug 13, 2026).
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