StockEdge.com
  • Products
    • StockEdge Premium
    • StockEdge Pro
    • StockEdge Club
    • Compare Plans
StockEdge Blog
  • Trending Stocks
  • Insights
    • All
    • Business Houses
    • Markets themes
    • Stock Insights
    Top performing blue chip stocks to buy and invest in 2023

    Top 5 Blue Chip Stocks to Buy and Invest in 2023

    Adani Enterprises FPO: Detailed Analysis, GMP and Review?

    Adani Enterprises FPO: Detailed Analysis, GMP and Review?

    Top 5 Defence Stocks to Invest in India

    Top 5 Defence Stocks to Invest in India

    Top 5 Stocks to Look for in 2023

    Top 5 Stocks to Look for in 2023

    Cochin Shipyard – A strong defense play for India

    Cochin Shipyard – A strong defense play for India

    Avanti Feeds – Shrimply Irresistible

    Avanti Feeds – Shrimply Irresistible

    Gati Ltd. – Can it ride the Logistic Industry’s Tailwinds?

    Gati Ltd. – Can it ride the Logistic Industry’s Tailwinds?

    Atul Auto: A Curious Case of Value Investing

    Atul Auto: A Curious Case of Value Investing

    Dalmia Bharat Ltd. – Building the nation brick by brick

    Dalmia Bharat Ltd. – Building the nation brick by brick

  • Technical Analysis
    Chart Patterns – Unique Blend of Human & Artificial Intelligence

    Chart Patterns – Unique Blend of Human & Artificial Intelligence

    StockEdge Version Update : 9.0

    StockEdge Version Update : 9.0

    SE Blog- How to beat the street with Sector Rotation Strategy.

    SE Blog- How to beat the street with Sector Rotation Strategy.

    StockEdge Version Update 8.2

    StockEdge Version Update 8.2

    Derivative Analytics

    An Insightful Research Tool For Derivative Analytics

    Introducing Put-Call Ratio a Derivative Indicator in the Market

    Introducing Put-Call Ratio a Derivative Indicator in the Market

    A Powerful Technical Indicator Beta & Beta Scans

    A Powerful Technical Indicator Beta & Beta Scans

    Technical Analysis using Edge Charts

    Technical Analysis using Edge Charts

    What is Adaptive Relative Strength & Static Relative Strength Scans?

    What is Adaptive Relative Strength & Static Relative Strength Scans?

  • Fundamental Analysis
    • All
    • Cash Flow Ratios
    • Efficiency ratios
    • Growth Ratios
    • Liquidity Ratios
    • Return Ratios
    • Solvency ratios
    • Valuation Ratios
    StockEdge Version Update 8.2

    StockEdge Version Update 8.2

    Understanding the Importance of creating Fundamental Scans

    Understanding the Importance of creating Fundamental Scans

    Using My Combination Scan to Identify best in an Industry

    Using My Combination Scan to Identify best in an Industry

    Cost Income ratio

    Cost to Income Ratio(%)

    Cost of Liability

    Cost of Liabilities (%)

    Operating Cost to Assets Ratio (%)

    Operating Cost to Assets Ratio (%)

  • StockEdge Tutorials
    Chart Patterns – Unique Blend of Human & Artificial Intelligence

    Chart Patterns – Unique Blend of Human & Artificial Intelligence

    StockEdge Version Update : 9.0

    StockEdge Version Update : 9.0

    Powerful Investment Themes for Retail Investors

    Powerful Investment Themes for Retail Investors

    SE Blog- How to beat the street with Sector Rotation Strategy.

    SE Blog- How to beat the street with Sector Rotation Strategy.

    StockEdge Version Update 8.3

    StockEdge Version Update 8.3

    StockEdge Version Update 8.2

    StockEdge Version Update 8.2

    Using Investor Portfolios Section to track Big Bulls like Rakesh Jhunjhunwala

    Using Investor Portfolios Section to track Big Bulls like Rakesh Jhunjhunwala

    StockEdge Version 8.1 – It keeps getting Better & Better

    StockEdge Version 8.1 – It keeps getting Better & Better

    StockEdge Version Update 8.0 – Like never before

    StockEdge Version Update 8.0 – Like never before

  • Mutual Fund
    Top 5 Mutual Funds for 2022 where you can start your SIP

    Top 5 Mutual Funds for 2022 where you can start your SIP

    What are Value Funds and its Advantages?

    What are Value Funds and its Advantages?

    A Beginners Guide to Thematic Funds

    A Beginners Guide to Thematic Funds

    Understanding Sector Funds and their Benefits to our Portfolio

    Understanding Sector Funds and their Benefits to our Portfolio

    Are Dividend Yield Funds a good option to invest in?

    Are Dividend Yield Funds a good option to invest in?

    What are Contra Funds and their advantages?

    What are Contra Funds and their advantages?

    Trending Tags

    No Result
    View All Result
    • Trending Stocks
    • Insights
      • All
      • Business Houses
      • Markets themes
      • Stock Insights
      Top performing blue chip stocks to buy and invest in 2023

      Top 5 Blue Chip Stocks to Buy and Invest in 2023

      Adani Enterprises FPO: Detailed Analysis, GMP and Review?

      Adani Enterprises FPO: Detailed Analysis, GMP and Review?

      Top 5 Defence Stocks to Invest in India

      Top 5 Defence Stocks to Invest in India

      Top 5 Stocks to Look for in 2023

      Top 5 Stocks to Look for in 2023

      Cochin Shipyard – A strong defense play for India

      Cochin Shipyard – A strong defense play for India

      Avanti Feeds – Shrimply Irresistible

      Avanti Feeds – Shrimply Irresistible

      Gati Ltd. – Can it ride the Logistic Industry’s Tailwinds?

      Gati Ltd. – Can it ride the Logistic Industry’s Tailwinds?

      Atul Auto: A Curious Case of Value Investing

      Atul Auto: A Curious Case of Value Investing

      Dalmia Bharat Ltd. – Building the nation brick by brick

      Dalmia Bharat Ltd. – Building the nation brick by brick

    • Technical Analysis
      Chart Patterns – Unique Blend of Human & Artificial Intelligence

      Chart Patterns – Unique Blend of Human & Artificial Intelligence

      StockEdge Version Update : 9.0

      StockEdge Version Update : 9.0

      SE Blog- How to beat the street with Sector Rotation Strategy.

      SE Blog- How to beat the street with Sector Rotation Strategy.

      StockEdge Version Update 8.2

      StockEdge Version Update 8.2

      Derivative Analytics

      An Insightful Research Tool For Derivative Analytics

      Introducing Put-Call Ratio a Derivative Indicator in the Market

      Introducing Put-Call Ratio a Derivative Indicator in the Market

      A Powerful Technical Indicator Beta & Beta Scans

      A Powerful Technical Indicator Beta & Beta Scans

      Technical Analysis using Edge Charts

      Technical Analysis using Edge Charts

      What is Adaptive Relative Strength & Static Relative Strength Scans?

      What is Adaptive Relative Strength & Static Relative Strength Scans?

    • Fundamental Analysis
      • All
      • Cash Flow Ratios
      • Efficiency ratios
      • Growth Ratios
      • Liquidity Ratios
      • Return Ratios
      • Solvency ratios
      • Valuation Ratios
      StockEdge Version Update 8.2

      StockEdge Version Update 8.2

      Understanding the Importance of creating Fundamental Scans

      Understanding the Importance of creating Fundamental Scans

      Using My Combination Scan to Identify best in an Industry

      Using My Combination Scan to Identify best in an Industry

      Cost Income ratio

      Cost to Income Ratio(%)

      Cost of Liability

      Cost of Liabilities (%)

      Operating Cost to Assets Ratio (%)

      Operating Cost to Assets Ratio (%)

    • StockEdge Tutorials
      Chart Patterns – Unique Blend of Human & Artificial Intelligence

      Chart Patterns – Unique Blend of Human & Artificial Intelligence

      StockEdge Version Update : 9.0

      StockEdge Version Update : 9.0

      Powerful Investment Themes for Retail Investors

      Powerful Investment Themes for Retail Investors

      SE Blog- How to beat the street with Sector Rotation Strategy.

      SE Blog- How to beat the street with Sector Rotation Strategy.

      StockEdge Version Update 8.3

      StockEdge Version Update 8.3

      StockEdge Version Update 8.2

      StockEdge Version Update 8.2

      Using Investor Portfolios Section to track Big Bulls like Rakesh Jhunjhunwala

      Using Investor Portfolios Section to track Big Bulls like Rakesh Jhunjhunwala

      StockEdge Version 8.1 – It keeps getting Better & Better

      StockEdge Version 8.1 – It keeps getting Better & Better

      StockEdge Version Update 8.0 – Like never before

      StockEdge Version Update 8.0 – Like never before

    • Mutual Fund
      Top 5 Mutual Funds for 2022 where you can start your SIP

      Top 5 Mutual Funds for 2022 where you can start your SIP

      What are Value Funds and its Advantages?

      What are Value Funds and its Advantages?

      A Beginners Guide to Thematic Funds

      A Beginners Guide to Thematic Funds

      Understanding Sector Funds and their Benefits to our Portfolio

      Understanding Sector Funds and their Benefits to our Portfolio

      Are Dividend Yield Funds a good option to invest in?

      Are Dividend Yield Funds a good option to invest in?

      What are Contra Funds and their advantages?

      What are Contra Funds and their advantages?

      Trending Tags

      No Result
      View All Result
      StockEdge Blog
      Home Insights
      Titan Company Ltd. – Resolute, Resurgent.

      Titan Company Ltd. – Resolute, Resurgent.

      StockEdge by StockEdge
      May 9, 2021
      Reading Time: 6 mins read
      7.2k
      VIEWS
      Share on FacebookShare on TwitterShare On WhatsApp

      Table of Contents

      • Titan Company Ltd – Operational Highlights (Q4 FY21)
      • Titan Company Ltd – Financials over the years
        • Technical View
        • Bottom Line

      In this week’s Stock Insights, we talk about the one of the most successful consumer brands of India, Titan Company Ltd..

      Titan Company Ltd

      The Story

      Subscribe To StockEdge Club Subscribe To StockEdge Club Subscribe To StockEdge Club

      This was the time when HMT ruled the Indian watch market with almost 90 per cent market share for three decades, where to get a watch, one had to write an application to the company, as it wasn’t available in the open market. Then after getting a letter of approval from the department and waiting for over a couple of weeks, one had to go to a store to collect it. Watches during that time were either smuggled, exported or supplied by HMT, a state-owned manufacturing company founded in 1953.

      Doing business and making it flourish was difficult in a closed economy. Xerxes Desai who was managing director of Titan Industries Ltd. recalled a time when he flew to Delhi to seek permission from the government to form a joint operation with TIDCO to set up a plant in Tamil Nadu. The proposal was rejected by the senior government official, saying he would allow it over his dead body. However, it was finally established in 1986 with support from the Tamil Nadu government (Tamil Nadu Industrial Development Corp.) when Rajiv Gandhi took over as Prime Minister and gave the nod to go-ahead with the project.

      Titan Company Ltd had become a household name by the mid-1990s, and exports to foreign markets began in 1991. Today Titan is the world’s fifth largest watch manufacturer.

      Titan quickly dominated the Indian watch market, and Desai, ahead of his time, wished to export the ‘Made in India’ label. Titan launched its brand in half a dozen European countries, as well as the United Kingdom, in the early 1990s, which proved disastrous and drained Titan’s profits for years. Titan took a long time to write off the losses from the European business, which closed in the early 2000s. Desai would always be disappointed that he was unable to establish the Titan brand in Europe.

      Similarly, the foray into Tanishq, which is now a successful jewellery business, struggled for years, and at one point of time Bombay House, which is the Tata group’s headquarters, considered closing it down. But Desai, on the other hand, was certain it would succeed and stayed the course. Just as the company was beginning to turn around, Xerxes Desai, the MD of Titan retired in 2002.

      Titan Company Ltd (part of the Tata Group) is now an Indian lifestyle company that primarily produces fashion accessories such as watches, jewellery, and eyewear (Titan Eyeplus).

      With more than 80% of its total revenues coming from the jewellery segment it is one of the largest branded jewellery makers in India. Titan produces watches under the brand names Titan, Fastrack, Sonata, Nebula, RAGA, SF, and Favre Leuba & Xylys. It also forayed into the verticals of Indian dress wear and fragrances under the brands Taneira and Skinn.

      Titan Company Ltd

      To know more about Titan Company Ltd and increase your understanding about fundamentals of the company, click here

      Titan Company Ltd – Operational Highlights (Q4 FY21)

      • Revenue from operation grew by 59% YoY to Rs.7494 Cr as against Rs.4711 Cr in Q4 FY20 due to low base of March 2020, with revenue growth of over 36% in the comparable January & February months. This was further aided by a large B2B (business-to-business) gold coin order that contributed ~8% of the growth.
      • Net Profit of the company grew by 65% YoY to Rs.568 Cr as against Rs.343 Cr in Q4 FY20.
      • The jewellery division recorded revenue of Rs.6397 Cr for Q4, growth of 70% YoY, on account of growth contribution by B2B order and a weak base of March month in the previous year.
      • The watches and wearables division recorded revenue of Rs.555 Cr in Q4, i.e., at similar levels on a YoY basis. Margins were muted as gross margins were lower on account of higher sale of lower margin products, particularly wearables.
      • The eyewear division recorded revenue of Rs.127 Cr in Q4, a growth of 17.6% YoY. In Q4, other businesses comprising fragrances, Indian dress wear and accessories had a revenue recovery.

      Titan Company Ltd – Financials over the years

      Titan Company Ltd
      • In the jewellery segment, the company is looking to expand in smaller towns and tier 3 and tier 4 cities. “Middle India” focused expansion programme will continue in the coming years to strengthen access.
      • Watches and wearables division made an entry into audio accessories by launching Over the Head (OTH) headphones and Truly Wireless (TWS) earphones. Additionally, the company expects to attract new customer segments through a diverse portfolio of licensed brands.
      • During FY21, the eyewear division launched its first ‘Fastrack’ branded eyewear store. Verve and Acetate collections were launched under the Fastrack brand. Going forward, the company expects to benefit from its strong market positioning.
      • The company will continue to focus on creating an Omni channel approach with a renewed focus on e-commerce as customers turn to online shopping.

      Read our latest article on ICICI Lombard GIC Ltd. – A Leading General Insurance Company.

      Technical View

      Titan Company Ltd is consolidating in a rectangle pattern in the daily chart with immediate support at 1400 level on a closing basis. Probable resistance in the near term comes at 1525 and then at 1610 levels. Chart setup looks neutral to positive as of now. Breakout from the pattern to take place only above 1625 level on a closing basis.

      Titan Company Ltd

      Bottom Line

      Titan is a market leader in the organized jewellery retailing and watches segment with healthy operating efficiency and a good return ratio. In addition to this, the company also has a leading position in the organized eyewear market. In the eyewear segment, margins of the company have been modest due to intense competition from local as well as online retailers.

      Titan Company Ltd is a key beneficiary of the unorganized to organized shift in the Indian jewellery market. The company’s strong brand position and stable balance sheet provides an opportunity to gain market share from smaller/regional players.

      Know more about Titan Company Ltd. and its peers by using the Sectors tab in the StockEdge Web

      Check out StockEdge Premium Plans.

      Tags: Investingstock insightsTitan Company Ltd.
      ShareTweetSend
      Subscribe On Telegram Subscribe On Telegram Subscribe On Telegram
      Previous Post

      Trending Stocks – Tata Steel Ltd.

      Next Post

      Trending Stocks – Sun Pharma Advanced Research Company Ltd. (SPARC)

      StockEdge

      StockEdge

      StockEdge is a self-help Equity and Mutual Fund research tool. It empowers retail investors to identify investment opportunity with all the necessary data and analytics.

      Next Post
      Trending Stocks – Sun Pharma Advanced Research Company Ltd. (SPARC)

      Trending Stocks – Sun Pharma Advanced Research Company Ltd. (SPARC)

      Trending Stocks – BHEL Ltd: Bharat Heavy Electricals Ltd.

      Trending Stocks – BHEL Ltd: Bharat Heavy Electricals Ltd.

      Trending Stocks – Godrej Consumer Products Ltd.

      Trending Stocks – Godrej Consumer Products Ltd.

      Comments 1

      1. deendayal awasthi says:
        2 years ago

        fundamental technical analysis

        Reply

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Contact Us
      • Timing (Mon-Sat): 10 am to 7 pm
      • Sales: +919830994463
      • Support: +919830994402
      • Club Support: +916289906895
      • Affiliate: +917003567131
      Recent Posts
      Top performing blue chip stocks to buy and invest in 2023
      Top 5 Blue Chip Stocks to Buy and Invest in 2023
      Adani Enterprises FPO: Detailed Analysis, GMP and Review?
      Important Links
      • StockEdge.com
      • StockEdge Premium
      • - Quarterly Membership
      • - Annual Membership
      • StockEdge Analyst
      • StockEdge Club
      • Compare Plans
      An Initiative Of

      © 2023 Kredent InfoEdge Pvt Ltd.

      Facebook-f Twitter Instagram Linkedin-in Youtube Pinterest-p

      Get StockEdge App

      No Result
      View All Result
      • Home
      • Article Categories
        • Fundamental Analysis
        • Technical Analysis
        • Market Themes
        • StockEdge Tutorials
        • StockEdge Version Updates
      • Products
        • StockEdge Premium
        • StockEdge Pro
        • StockEdge Club
        • Compare Plans
      • Visit StockEdge.com

      © 2023 Kredent InfoEdge Pvt Ltd.