Leading Indian consumer goods company Titan Company Ltd. is renowned for its broad range of items, which includes watches, jewellery, eyewear, and accessories. The business has a significant domestic presence and is also growing internationally.
Investors and analysts alike actively examine Titan Company Ltd’s performance, as they would any publicly traded firm. In this piece, we’ll examine more closely at Titan Company Ltd.’s projected share price range from 2023 to 2030.
We will attempt to offer insights into the possible growth possibilities of the company and how it could effect its share price in the years to come by studying the firm’s financials, industry trends, and market circumstances.
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Contents
TITAN IN RECENT NEWS
- Titan’s stock has been on a positive trajectory, gaining 2% and reaching a new high. In the current fiscal year 2023-24, Titan has demonstrated impressive performance, surpassing the broader market with a substantial surge of 32%, notably outperforming the S&P BSE Sensex, which has recorded a 15% gain during the same period.
- Titan Co. is in the process of developing smartwatches equipped with SIM card capabilities, offering a range of health and digital payment features.
- Titan is planning to inaugurate nine additional Tanishq stores in Gujarat by the end of the fiscal year 2023-24.
- Titan Company’s stock achieved a fresh 52-week high after an impressive first-quarter business update. Brokerages, in response, have retained a favorable view of the stock. The strong Q1 performance has likely instilled greater investor confidence, resulting in heightened demand and a bullish sentiment prevailing in the market.
HOW TO BUY TITAN SHARES?
Here are the platforms available for buying Titan Company shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
TITAN SHARE PRICE TARGET 2023
| TITAN SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| September 2023 | ₹3,664.22 | ₹2,818.63 |
| October 2023 | ₹3,489.74 | ₹2,684.41 |
| November 2023 | ₹3,838.71 | ₹2,952.85 |
| December 2023 | ₹4,299.36 | ₹3,307.20 |
It can be observed that the share price of Titan Company Ltd is expected to show an overall bullish trend with an uptick in prices as the year progresses.
The maximum price for the stock is expected to reach ₹4,299.36 in December 2023, while the minimum price is expected to be ₹2,818.63 inSeptember 2023. The expected growth percentage for the year 2023 is around 70%, which is a significant increase from the current market price.
TITAN SHARE PRICE TARGET 2024
| TITAN SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹4,525.64 | ₹4,187.49 |
| February 2024 | ₹5,084.99 | ₹4,237.49 |
| March 2024 | ₹5,352.62 | ₹4,351.72 |
| April 2024 | ₹4,866.02 | ₹3,743.09 |
| May 2024 | ₹4,055.01 | ₹3,119.24 |
| June 2024 | ₹4,866.02 | ₹3,743.09 |
| July 2024 | ₹4,136.11 | ₹3,206.29 |
| August 2024 | ₹4,549.72 | ₹3,610.89 |
| September 2024 | ₹4,777.21 | ₹3,674.78 |
| October 2024 | ₹5,620.25 | ₹4,323.27 |
| November 2024 | ₹5,901.26 | ₹4,539.43 |
| December 2024 | ₹6,019.29 | ₹4,630.22 |
The predicted share price range for Titan Company Ltd in 2024 indicates a continued uptrend for the company’s share price. The maximum price for the stock is expected to reach ₹6,019.29 in December 2024, while the minimum price is expected to be ₹4,187.49 in January 2024.
The share price is expected to gradually increase over the year, reaching a maximum of ₹5,901.26 in November 2024. This suggests that the company is expected to experience a bullish trend in 2024, with an expected growth rate of around 50% for the year.
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TITAN SHARE PRICE TARGET 2025
| TITAN SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹6,139.67 | ₹4,722.82 |
| February 2025 | ₹6,462.81 | ₹4,971.39 |
| March 2025 | ₹6,785.95 | ₹5,219.96 |
| April 2025 | ₹6,058.89 | ₹4,660.68 |
| May 2025 | ₹5,508.08 | ₹4,236.98 |
| June 2025 | ₹6,058.89 | ₹4,660.68 |
| July 2025 | ₹5,770.37 | ₹4,438.74 |
| August 2025 | ₹6,010.80 | ₹4,623.69 |
| September 2025 | ₹6,311.34 | ₹4,854.88 |
| October 2025 | ₹6,690.02 | ₹5,146.17 |
| November 2025 | ₹7,158.32 | ₹5,506.40 |
| December 2025 | ₹7,301.49 | ₹5,616.53 |
Titan Company Ltd share price target for 2025 looks promising as per the data. The maximum share price target for January 2025 is ₹6,139.67, while the minimum share price target is ₹4,722.82. The stock is expected to continue its bullish trend and maintain an upward trajectory throughout the year. The maximum share price target for November 2025 is ₹7,158.32, while the minimum share price target is ₹5,506.40. The projected growth percentage is significant, and if the company achieves its targets, it could result in substantial gains for investors.
TITAN SHARE PRICE TARGET 2026 TO 2030
| TITAN SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹5,111.04 | ₹3,577.73 |
| 2027 | ₹4,344.39 | ₹3,041.07 |
| 2028 | ₹7,819.89 | ₹5,473.93 |
| 2029 | ₹16,063.27 | ₹11,244.29 |
| 2030 | ₹17,888.64 | ₹12,522.05 |
It appears that Titan Company Ltd is set to continue its upward trajectory in the coming years. In 2026, the company is expected to have a maximum share price of ₹5,111.04 and a minimum share price of ₹3,577.73. Similarly, in 2027, the maximum share price is projected to be ₹4,344.39 and the minimum share price is expected to be ₹3,041.07. However, in 2028, Titan’s share price is predicted to experience a significant growth spurt, with a maximum price of ₹7,819.89 and a minimum price of ₹5,473.93. The trend is expected to continue in 2029 and 2030, with maximum prices of ₹16,063.27 and ₹17,888.64, respectively, and minimum prices of ₹11,244.29 and ₹12,522.05. These figures indicate a bullish trend for Titan Company Ltd, with a consistent uptrend expected in the coming years.
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FINANCIAL STRENGTH OF TITAN COMPANY LTD (2019 TO 2023)
| Financials | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (Crore Rs) | 19,779 | 21,052 | 21,644 | 28,799 | 40,575 |
| Expenses (Crore Rs) | 17,785 | 18,589 | 19,919 | 25,455 | 35,693 |
| Operating Profit | 1,994 | 2,463 | 1,725 | 3,344 | 4,882 |
| OPM % | 10% | 12% | 8% | 12% | 12% |
| Other Income (Crore Rs) | 178 | 153 | 180 | 177 | 306 |
| Interest (Crore Rs) | 53 | 166 | 203 | 218 | 300 |
| Depreciation (Crore Rs) | 163 | 348 | 375 | 399 | 441 |
| Profit Before Tax | 1,957 | 2,102 | 974 | 2,198 | 3,274 |
| Tax % | 29% | 29% | 27% | 24% | 26% |
| Net Profit (Crore Rs) | 1,389 | 1,493 | 974 | 2,198 | 3,274 |
| EPS in Rs | 15.82 | 16.91 | 10.96 | 24.48 | 36.61 |
| Dividend Payout % | 32% | 24% | 37% | 31% | 27% |
- Steady Growth in Sales: The company has experienced consistent growth in sales over the years, with a significant jump from 19,779 Crore Rs in March 2019 to 40,575 Crore Rs in March 2023, reflecting a CAGR of approximately 19.4%.
- Operational Efficiency: Despite fluctuations, the operating profit has shown a positive trend, reaching 4,882 Crore Rs in March 2023. The operating profit margin remained healthy at around 12%.
- Other Income Contribution: Other income has varied but made a substantial contribution to the overall profit, reaching 306 Crore Rs in March 2023.
- Interest Costs: The company has managed to reduce its interest costs over the years, which is a positive sign for financial stability.
- Profitability: The net profit has seen remarkable growth, increasing from 1,389 Crore Rs in March 2019 to 3,274 Crore Rs in March 2023, demonstrating a CAGR of approximately 23.9%.
- Dividend Payout: The company has maintained a consistent dividend payout, ranging from 24% to 37%, indicating its commitment to shareholders.
- Tax Efficiency: The tax rate has been relatively stable, with variations within a reasonable range.
- Earnings per Share (EPS): The EPS has shown substantial growth, reaching 36.61 Rs in March 2023.
In summary, the company has exhibited strong financial performance, with consistent sales growth, improved profitability, and efficient cost management. These factors have likely contributed to investor confidence and positive sentiment in the market.
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POINTS TO KEEP IN MIND WHILE INVESTING IN TITAN COMPANY LTD SHARES:
- The company has consistently achieved robust profit growth, posting a 23.9% Compound Annual Growth Rate (CAGR) over the past five years.
- Maintaining a commendable financial practice, the company has consistently distributed healthy dividends, with a consistent dividend payout ratio of 31.6%.
- In the stock market, the company’s shares are trading at a valuation of 24.5 times its book value, indicating investor confidence and a premium valuation.
- There is a possibility that the company may be capitalizing its interest costs, which can impact its financial statements and profitability.
TITAN COMPANY LTD SHARE PRICE TARGET BY EXPERTS:
- Sharekhan has expressed a positive outlook on Titan Company, providing a buy rating for the stock they have set a target price of Rs 2950 for the stock.(May 03, 2023).
- Motilal Oswal Financial Services has issued a buy recommendation for Titan Company, setting a target price of Rs 3570 for the stock.(September 08,2023)
FAQ’s
What is the company’s dividend payout history?
Titan has maintained a healthy dividend payout, ranging from 24% to 37%, reflecting its commitment to rewarding shareholders.
What How has Titan’s stock performed compared to the market?
In the financial year 2023-24, Titan has outperformed the market with a 32% surge, whereas the S&P BSE Sensex saw a 15% gain.
The maximum share price target of Titan Company in 2028 is Rs.7819.89
The maximum share price target of Titan Company in 2029 is Rs.16063.27
The maximum share price target of Titan Company in 2030 is Rs. 17888.64
CONCLUSION: TITAN COMPANY LTD
The financial data reveals a promising picture of the company’s performance, with steady sales growth, strong profitability, and efficient cost management. These aspects align with the bullish sentiment of experts who recommend a buy rating on the stock. The company’s ability to sustain and even enhance its financial position over the years makes it an attractive choice for investors seeking growth potential in the market.
Titan Corporation looks to have enjoyed consistent growth in its income, PAT, revenue growth, and profit growth during the previous five years, according to the review of the company’s financial statements. These encouraging patterns show that the business is doing well and has the ability to expand and increase value for its shareholders. It is crucial to remember that a number of additional factors can also have an impact on a company’s success and share price. Because of this, even though the shares of Titan Corporation may be appealing given their historical performance, it is always advisable to carry out careful research and analysis before making any investing decisions.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.