{"id":24039,"date":"2022-06-21T13:54:10","date_gmt":"2022-06-21T08:24:10","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=24039"},"modified":"2022-06-21T14:16:00","modified_gmt":"2022-06-21T08:46:00","slug":"alpha-titan-company-ltd-equity-research-desk-2","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039","title":{"rendered":"Alpha | Titan Company Ltd. &#8211; Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/FI_Alpha-TitanCompanyLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"987\" height=\"616\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-Blog-Banner.png\" alt=\"\" class=\"wp-image-24040\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-Blog-Banner.png 987w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-Blog-Banner-300x187.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-Blog-Banner-768x479.png 768w\" sizes=\"(max-width: 987px) 100vw, 987px\" \/><\/a><\/figure>\n\n\n\n<h2>Titan Company Ltd. \u2013 Three Decade Old Company<\/h2>\n\n\n\n<p>Titan Company Ltd is among India\u2019s most respected lifestyle companies. <\/p>\n\n\n\n<ul><li>Titan Company Limited (Titan), formerly Titan Industries Limited, was incorporated in 1984 as a joint venture (JV) between the Tata Group and Tamil Nadu Industrial Development Corporation Limited (TIDCO). <\/li><li>In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. <\/li><li>At present, the Tata Group and TIDCO hold 25.02% and 27.88% shares, respectively, in Titan. The rest is held by institutional investors and the public. <\/li><li>It is a market leader in the domestic branded jewellery market (with Tanishq, Caratlane, Zoya, and Mia brands) and in the domestic wristwatch segment (with brands such as Titan, Sonata, Fastrack, and Xylys). <\/li><\/ul>\n\n\n\n<h2>Valuation<\/h2>\n\n\n\n<p>Titan has, over the years, withstood challenges and emerged as a resilient player. We believe Titan is a structural growth story and appears to be a key beneficiary of the unorganised to organised shift in the Indian jewellery mark. At CMP, the stock trades at 55x FY24E EPS. We recommend a BUY rating in the stock with the target price (TP) of Rs.2430, 65x FY24E EPS.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/FI_Alpha-TitanCompanyLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"534\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-23892\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png 534w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Titan Company Ltd. \u2013 Three Decade Old Company Titan Company Ltd is among India\u2019s most respected lifestyle companies. Titan Company Limited (Titan), formerly Titan Industries Limited, was incorporated in 1984 as a joint venture (JV) between the Tata Group and Tamil Nadu Industrial Development Corporation Limited (TIDCO). In 1994, Titan diversified into Jewellery (Tanishq) and [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":24040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,108,746,517,745,522,755],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Titan Company Ltd. - Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Titan Company Ltd. - Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Titan Company Ltd. \u2013 Three Decade Old Company Titan Company Ltd is among India\u2019s most respected lifestyle companies. Titan Company Limited (Titan), formerly Titan Industries Limited, was incorporated in 1984 as a joint venture (JV) between the Tata Group and Tamil Nadu Industrial Development Corporation Limited (TIDCO). In 1994, Titan diversified into Jewellery (Tanishq) and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-21T08:24:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-21T08:46:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-Blog-Banner.png\" \/>\n\t<meta property=\"og:image:width\" content=\"987\" \/>\n\t<meta property=\"og:image:height\" content=\"616\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-Blog-Banner.png\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-Blog-Banner.png\",\"width\":987,\"height\":616},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039#webpage\",\"url\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039\",\"name\":\"Alpha | Titan Company Ltd. - Equity Research Desk\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039#primaryimage\"},\"datePublished\":\"2022-06-21T08:24:10+00:00\",\"dateModified\":\"2022-06-21T08:46:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-titan-company-ltd-equity-research-desk-2\/24039#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alpha | Titan Company Ltd. &#8211; 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