This Tata Group Share Will Become A Rocket; First Target ₹3800; Total Income 14,300 Crore
Titan Company value of shares: On Friday last there was a raging increase in the Titan (NSE: TITAN) shares—Tata Group company Titan. In the final Friday of trading Titan shares were trading at 3709.15.
This stock gained 2.21% compared to a day earlier. During trading the share price reached Rs 3725. Experts seem bullish about this stock.
What is the share target price?
Experts seem bullish on the shares of Tata company Titan. Brokerage firm has kept the target price of Titan shares at Rs 3810. In addition, it is recommended to purchase.
On January 30, 2024, the share price had gone up to Rs 3,885. It is also the 52-week high of the stock. Meanwhile, ICRA Limited has updated the ratings of Titan Limited.
Executive Director of Choice Broking said that investors ought to consider purchasing this stock if it falls below 3,575 rupees.
An expert said that based on technical analysis and current market conditions, Titan can go towards ₹3900 levels.
How Were The Quarterly Results?
Titan Ltd reported a total income of Rs 14,300 crore during the December quarter, which is 13.02% higher than the September quarter total income of Rs 12653.00 crore and 22.24% higher than last year.
The company achieved a profit of Rs 1053.00 crore in the quarter.
What Is The Shareholding Pattern?
At the end of December 2023, promoters had a 52.9 percent stake in the business.
FIIs (foreign institution investors) were holding 18.89 percent while the domestic institution investors (DIIs) had 10.21 percent.
About Titan Company Ltd
Titan is the most renowned lifestyle brand and has been among the most loved and respected companies in the country since 1984.
Titan is ranked first within categories such as Jewellery Watches as well as eye care categories.
Its main business segments are watches and wearables as well as jewelry eyewear and more.
It provides products under different brands, including Skinn, Fastrack, Sonata, Skinn, Zoop, Zoya, Nebula, Tanishq, and more.
It employs more than 8,000 people and around 38,000 employees in the total Titan ecosystem, with 16 brands, and more than 220 retail stores.
They’re committed to delivering sustainable and profitable expansion for all of our customers.
Fundamental Analysis of Titan Company Ltd
| Market Cap | ₹ 3,29,076 Cr. |
| Current Price | ₹ 3,707 |
| 52-wk High | 2,467 |
| 52-wk Low | ₹ 2,321 |
| Stock P/E | 95.4 |
| Book Value | ₹ 140 |
| Dividend | 0.27 % |
| ROCE | 25.1 % |
| ROE | 30.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 26.5 |
| OPM | 10.6 % |
| EPS | ₹ 38.9 |
| Debt | ₹ 14,254 Cr. |
| Debt to Equity | 1.15 |
Titan Company Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹3900 | ₹4121 |
| 2025 | ₹4200 | ₹4415 |
| 2026 | ₹4500 | ₹4658 |
| 2027 | ₹4700 | ₹4958 |
| 2028 | ₹5000 | ₹5341 |
| 2029 | ₹5452 | ₹5688 |
| 2030 | ₹5985 | ₹6458 |
Titan Company Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 52.90% |
| Mar 2023 | 52.90% |
| June 2023 | 52.90% |
| Sept 2023 | 52.90% |
| Dec 2023 | 52.90% |
| FII Holding | |
| Dec 2022 | 17.53% |
| Mar 2023 | 17.51% |
| June 2023 | 18.53% |
| Sept 2023 | 19.05% |
| Dec 2023 | 18.89% |
| DII Holding | |
| Dec 2022 | 11.14% |
| Mar 2023 | 11.23% |
| June 2023 | 10.46% |
| Sept 2023 | 9.87% |
| Dec 2023 | 10.25% |
| Govt. Holding | |
| Dec 2022 | 0.17% |
| Mar 2023 | 0.17% |
| June 2023 | 0.17% |
| Sept 2023 | 0.17% |
| Dec 2023 | 0.17% |
| Public Holding | |
| Dec 2022 | 18.26% |
| Mar 2023 | 18.19% |
| June 2023 | 17.93% |
| Sept 2023 | 18.00% |
| Dec 2023 | 17.77% |
Titan Company Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 19,779 Cr |
| 2020 | ₹ 21,052 Cr |
| 2021 | ₹ 21,644 Cr |
| 2022 | ₹ 28,799 Cr |
| 2023 | ₹ 48,950 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 1,389 Cr |
| 2020 | ₹ 1,493 Cr |
| 2021 | ₹ 974 Cr |
| 2022 | ₹ 2,198 Cr |
| 2023 | ₹ 3,461 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.39 |
| 2020 | 0.35 |
| 2021 | 0.58 |
| 2022 | 0.06 |
| 2023 | 0.63 |
Last 10 Years’ Profit Growth:
| 10 Years: | 16% |
| 5 Years: | 24% |
| 3 Years: | 30% |
| Current Year: | 13% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 24% |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 31% |
Sales Growth Over 10 Years:
| 10 Years: | 15% |
| 5 Years: | 20% |
| 3 Years: | 24% |
| Current Year: | 29% |
Conclusion
This article is a complete guide about Titan Company Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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