Titan Company Financial Statements
Titan Company Annually Results
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| Y/e 31 Mar | Mar-2021 | Mar-2020 | Mar-2018 | Mar-2017 |
|---|---|---|---|---|
| Growth matrix (%) | ||||
| Revenue growth | 2.81 | 30.60 | 21.60 | 17.60 |
| Op profit growth | (30) | 50 | 42.30 | 23.60 |
| EBIT growth | (32) | 42 | 43.60 | 22.30 |
| Net profit growth | (35) | 32.90 | 58.80 | 5.48 |
| Profitability ratios (%) | ||||
| OPM | 7.97 | 11.70 | 10.20 | 8.71 |
| EBIT margin | 7.09 | 10.80 | 9.92 | 8.40 |
| Net profit margin | 4.50 | 7.13 | 7.01 | 5.37 |
| RoCE | 13.10 | 26.60 | 24.70 | 22.80 |
| RoNW | 3.43 | 6.38 | 6.06 | 4.60 |
| RoA | 2.08 | 4.40 | 4.36 | 3.64 |
| Per share ratios () | ||||
| EPS | 10.90 | 16.80 | 12.40 | 7.85 |
| Dividend per share | 4 | 4 | 3.75 | 2.60 |
| Cash EPS | 6.74 | 13 | 11.20 | 6.77 |
| Book value per share | 84.40 | 75.10 | 57.30 | 47.70 |
| Valuation ratios | ||||
| P/E | 142 | 55.60 | 75.80 | 58.80 |
| P/CEPS | 231 | 71.90 | 83.70 | 68.10 |
| P/B | 18.40 | 12.40 | 16.40 | 9.68 |
| EV/EBIDTA | 75 | 32.80 | 48.90 | 34.40 |
| Payout (%) | ||||
| Dividend payout | -- | 6.06 | 29.50 | 32.40 |
| Tax payout | (27) | (29) | (28) | (26) |
| Liquidity ratios | ||||
| Debtor days | 5.72 | 5.27 | 5.70 | 5.51 |
| Inventory days | 139 | 122 | 123 | 129 |
| Creditor days | (13) | (15) | (22) | (37) |
| Leverage ratios | ||||
| Interest coverage | (7.60) | (14) | (30) | (30) |
| Net debt / equity | 0.68 | 0.48 | 0.21 | 0.26 |
| Net debt / op. profit | 2.95 | 1.29 | 0.65 | 0.96 |
| Cost breakup () | ||||
| Material costs | (76) | (72) | (72) | (72) |
| Employee costs | (4.90) | (5.70) | (5.50) | (5.90) |
| Other costs | (11) | (11) | (12) | (14) |
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| Y/e 31 Mar( In .Cr) | Mar-2021 | Mar-2020 | Mar-2018 | Mar-2017 |
|---|---|---|---|---|
| Revenue | 21,644 | 21,052 | 16,120 | 13,261 |
| yoy growth (%) | 2.81 | 30.60 | 21.60 | 17.60 |
| Raw materials | (16,414) | (15,155) | (11,686) | (9,507) |
| As % of sales | 75.80 | 72 | 72.50 | 71.70 |
| Employee costs | (1,065) | (1,199) | (885) | (787) |
| As % of sales | 4.92 | 5.70 | 5.49 | 5.94 |
| Other costs | (2,441) | (2,230) | (1,904) | (1,810) |
| As % of sales | 11.30 | 10.60 | 11.80 | 13.70 |
| Operating profit | 1,724 | 2,467 | 1,645 | 1,155 |
| OPM | 7.97 | 11.70 | 10.20 | 8.71 |
| Depreciation | (375) | (348) | (131) | (111) |
| Interest expense | (203) | (166) | (53) | (38) |
| Other income | 186 | 153 | 86.10 | 68.70 |
| Profit before tax | 1,332 | 2,106 | 1,546 | 1,076 |
| Taxes | (353) | (609) | (428) | (276) |
| Tax rate | (27) | (29) | (28) | (26) |
| Minorities and other | (1) | 8.73 | 28.20 | 14.20 |
| Adj. profit | 978 | 1,505 | 1,147 | 814 |
| Exceptional items | -- | -- | (17) | (103) |
| Net profit | 973 | 1,501 | 1,130 | 711 |
| yoy growth (%) | (35) | 32.90 | 58.80 | 5.48 |
| NPM | 4.50 | 7.13 | 7.01 | 5.37 |
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| Y/e 31 Mar ( In .Cr) | Mar-2021 | Mar-2020 | Mar-2018 | Mar-2017 |
|---|---|---|---|---|
| Profit before tax | 1,332 | 2,106 | 1,546 | 1,076 |
| Depreciation | (375) | (348) | (131) | (111) |
| Tax paid | (353) | (609) | (428) | (276) |
| Working capital | 6,265 | 5,523 | 2,449 | 1,943 |
| Other operating items | -- | -- | -- | -- |
| Operating cashflow | 6,869 | 6,672 | 3,436 | 2,633 |
| Capital expenditure | 2,685 | 2,367 | 572 | 35.80 |
| Free cash flow | 9,554 | 9,038 | 4,008 | 2,668 |
| Equity raised | 7,807 | 6,960 | 6,638 | 6,658 |
| Investments | 2,822 | 155 | 32.90 | 428 |
| Debt financing/disposal | 5,632 | 3,562 | 1,284 | 1,783 |
| Dividends paid | -- | -- | 333 | 231 |
| Other items | -- | -- | -- | -- |
| Net in cash | 25,815 | 19,715 | 12,296 | 11,767 |
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ConsolidatedStandalone
| Y/e 31 Mar ( In .Cr) | Mar-2021 | Mar-2020 | Mar-2019 | Mar-2018 |
|---|---|---|---|---|
| Equity capital | 89 | 89 | 88.80 | 88.80 |
| Preference capital | -- | -- | -- | -- |
| Reserves | 7,408 | 6,580 | 5,981 | 5,001 |
| Net worth | 7,497 | 6,669 | 6,070 | 5,090 |
| Minority interest | ||||
| Debt | 5,638 | 3,562 | 2,393 | 1,691 |
| Deferred tax liabilities (net) | 8 | 6 | 59 | 41.90 |
| Total liabilities | 13,148 | 10,241 | 8,536 | 6,821 |
| Fixed assets | 2,555 | 2,651 | 1,598 | 1,517 |
| Intangible assets | ||||
| Investments | 2,824 | 158 | 108 | 36 |
| Deferred tax asset (net) | 105 | 159 | 128 | 74.80 |
| Net working capital | 7,104 | 6,892 | 5,635 | 4,575 |
| Inventories | 8,408 | 8,103 | 7,039 | 5,925 |
| Inventory Days | 142 | 140 | -- | 134 |
| Sundry debtors | 366 | 312 | 420 | 296 |
| Debtor days | 6.17 | 5.41 | -- | 6.70 |
| Other current assets | 1,634 | 1,786 | 1,409 | 1,097 |
| Sundry creditors | (804) | (604) | (932) | (908) |
| Creditor days | 13.60 | 10.50 | -- | 20.60 |
| Other current liabilities | (2,500) | (2,705) | (2,300) | (1,834) |
| Cash | 560 | 381 | 1,066 | 618 |
| Total assets | 13,148 | 10,241 | 8,536 | 6,821 |
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| Particulars ( Rupees In Crores.) | Mar-2021 | Mar-2020 | Mar-2019 | Mar-2018 | Mar-2017 |
|---|---|---|---|---|---|
| Gross Sales | 20,088 | 20,768 | 19,592 | 15,983 | 13,308 |
| Excise Duty | -- | -- | -- | 36.20 | 121 |
| Net Sales | 20,088 | 20,768 | 19,592 | 15,946 | 13,187 |
| Other Operating Income | 1,556 | 284 | 186 | 173 | 74.10 |
| Other Income | 186 | 153 | 183 | 88.90 | 70.50 |
| Total Income | 21,830 | 21,205 | 19,961 | 16,209 | 13,331 |
| Total Expenditure ** | 19,925 | 18,589 | 17,789 | 14,495 | 12,208 |
| PBIDT | 1,905 | 2,616 | 2,172 | 1,714 | 1,123 |
| Interest | 203 | 166 | 52.50 | 52.90 | 37.70 |
| PBDT | 1,702 | 2,450 | 2,120 | 1,661 | 1,086 |
| Depreciation | 375 | 348 | 163 | 131 | 111 |
| Minority Interest Before NP | -- | -- | -- | -- | -- |
| Tax | 360 | 570 | 618 | 450 | 302 |
| Deferred Tax | (7) | 39 | (49) | (22) | (26) |
| Reported Profit After Tax | 974 | 1,493 | 1,389 | 1,102 | 699 |
| Minority Interest After NP | 1 | (8) | (16) | (28) | 2.05 |
| Net Profit after Minority Interest | 973 | 1,501 | 1,404 | 1,130 | 697 |
| Extra-ordinary Items | -- | -- | -- | (12) | (71) |
| Adjusted Profit After Extra-ordinary item | 973 | 1,501 | 1,404 | 1,142 | 768 |
| EPS (Unit Curr.) | 11 | 16.90 | 15.80 | 12.70 | 7.85 |
| Book Value (Unit Curr.) | -- | -- | -- | -- | -- |
| Dividend (%) | 400 | 400 | 500 | 375 | 260 |
| Equity | 89 | 89 | 88.80 | 88.80 | 88.80 |
| Public Shareholding (Number) | -- | -- | -- | -- | -- |
| Public Shareholding (%) | -- | -- | -- | -- | -- |
| Pledged/Encumbered - No. of Shares | -- | -- | -- | -- | -- |
| Pledged/Encumbered - % in Total Promoters Holding | -- | -- | -- | -- | -- |
| Pledged/Encumbered - % in Total Equity | -- | -- | -- | -- | -- |
| Non Encumbered - No. of Shares | -- | -- | -- | -- | -- |
| Non Encumbered - % in Total Promoters Holding | -- | -- | -- | -- | -- |
| Non Encumbered - % in Total Equity | -- | -- | -- | -- | -- |
| PBIDTM(%) | 9.48 | 12.60 | 11.10 | 10.70 | 8.52 |
| PBDTM(%) | 8.47 | 11.80 | 10.80 | 10.40 | 8.23 |
| PATM(%) | 4.85 | 7.19 | 7.09 | 6.91 | 5.30 |
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