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    TITAN COMPANY Annual Report Analysis

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    Sagnik Chakraborty
    - Titan Company is an Indian consumer goods company jointly owned by the Tata Group and Tamil Nadu state government. It started as a watch company in 1984 and later diversified into jewelry, eyewear, fragrances and helmets. - In its annual report for fiscal year 2017-18, Titan Company reported a 21.6% rise in operating income and a 58% increase in net profits. However, operating margins fell to 10.2% from 8.7% the previous year due to higher costs. - Over the last year, Titan Company's share price rose nearly 82% compared to a 23% gain in the overall stock market index.

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    TITAN COMPANY Annual Report Analysis

    Uploaded by

    Sagnik Chakraborty
    2K views4 pages
    - Titan Company is an Indian consumer goods company jointly owned by the Tata Group and Tamil Nadu state government. It started as a watch company in 1984 and later diversified into jewelry, eyewear, fragrances and helmets. - In its annual report for fiscal year 2017-18, Titan Company reported a 21.6% rise in operating income and a 58% increase in net profits. However, operating margins fell to 10.2% from 8.7% the previous year due to higher costs. - Over the last year, Titan Company's share price rose nearly 82% compared to a 23% gain in the overall stock market index.

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    full report on titan and analysis of its balance sheet and P/L

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    - Titan Company is an Indian consumer goods company jointly owned by the Tata Group and Tamil Nadu state government. It started as a watch company in 1984 and later diversified into jewelry, eyewear, fragrances and helmets. - In its annual report for fiscal year 2017-18, Titan Company reported a 21.6% rise in operating income and a 58% increase in net profits. However, operating margins fell to 10.2% from 8.7% the previous year due to higher costs. - Over the last year, Titan Company's share price rose nearly 82% compared to a 23% gain in the overall stock market index.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views4 pages

    TITAN COMPANY Annual Report Analysis

    Uploaded by

    Sagnik Chakraborty
    - Titan Company is an Indian consumer goods company jointly owned by the Tata Group and Tamil Nadu state government. It started as a watch company in 1984 and later diversified into jewelry, eyewear, fragrances and helmets. - In its annual report for fiscal year 2017-18, Titan Company reported a 21.6% rise in operating income and a 58% increase in net profits. However, operating margins fell to 10.2% from 8.7% the previous year due to higher costs. - Over the last year, Titan Company's share price rose nearly 82% compared to a 23% gain in the overall stock market index.

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    TITAN COMPANY Annual Report Analysis

    Titan Company Limited is an Indian consumer goods company. It is a joint venture


    between the Tata Group and the Tamil Nadu Industrial Development Corporation

    It commenced operations in 1984 under the name Titan Watches Limited. In 1994, Titan diversified
    into jewellery with Tanishq and subsequently into eyewear with Titan Eyeplus. In 2013, Titan entered
    the fragrances segment with the brand Skinn[8] and, later that year, it ventured into the helmets
    category under its brand Fastrack.[9] Also, Titan announced recently (during the last quarter of 2016)
    about launching a series of affordable Smartwatches under its brands like Sonata and Fastrack soon.

    Titan company has announced its results for the year ended March 2018. Let us have a look at the
    detailed performance review of the company during FY16-17 & FY17-18.

    TITAN COMPANY Income Statement 2017-18

    Particulars 31stMarch 31stMarch 31st March % change


    2016 2017 2018

    Net Sales 110350 132,608 161198 21.6%


    Other 520 705 889 26.1%
    Income
    Total 110870 133313 162086 21.6%
    Revenues
    Gross Profit 8550 11537 16419 42.3%
    Depreciation 821 1105 1314 18.9%
    Interest 254 377 529 40.2%
    Profit before 6985 10759 15464 43.7%
    tax
    Tax 1746 2760 4279 55.0%
    Profit after 5239 6973 11019 58.0%
    tax
    Gross Profit 8.7 10.2
    Margin
    Effective Tax 25.6 27.7
    Rate
    Net Profit 5.2 6.8
    Margin

     Operating income during the year rose 21.6% on a year-on-year (YoY) basis.
     The company's operating profit increased by 42.3% during the fiscal. Operating profit
    margins witnessed a fall and down at 10.2% in FY18 as against 8.7% in FY17.
     Depreciation charges and finance costs increased by 18.9% and 40.2% YoY,
    respectively.
     Other income grew by 26.1% YoY.
     Net profit for the year grew by 58.0% YoY.

     Net profit margins during the year grew from 5.2% in FY17 to 6.8% in FY18.

    TITAN COMPANY Balance Sheet Analysis


    Particulars Note 31/03/16 31/03/17 31/03/18
    No.
    A)Equity and Liabilities
    1) Shareholders Fund
    a) Share Capital 88.78 88.78 88.78
    b) Reserves & Surplus 3969.65 4236.36 5105.21
    c) Money Received against share
    warrants
    1) Non-current liabilities
    a) Long Term Borrowings 675.0 690.0 717.52
    b) Deferred Tax Liabilities
    c) Other Long Term Liabilities
    d) Long Term Provisions 882.0 969.60 886.34
    3) Current Liabilities
    a) Short Term Borrowings 269.75
    b) Trade Payables 1550.69 1195.50 2473.37
    c) Other Current Liabilities
    TOTAL 7166.12 7449.19 9271.22
    B) ASSETS
    a) Fixed assets
    Tangible 2102.36 2102.36 2102.36
    Intangible 188.25 190.25 156.66
    b) Non Current Investments
    c) Deferred Tax Assets
    d) Long term loans and advances 3655.00 3685.00 7647.64
    e) Other Non-Current Assets

    Current Assets
    a) Current Investments
    b ) inventories
    b) Trade Receivables
    c) Cash and cash equivalent 1221.52 1471.39 636.17
    d) Short term loans and advances
    e) Other Current Assets
    TOTAL 7166.12 7449.19 9271.22
     The company's current liabilities during FY18 stood at Rs 2473.73 million as
    compared to Rs 1464 million in FY17

     Overall, the total assets and liabilities for FY18 stood at Rs 636.17 million as against Rs
    1471 million during FY17.
     No further issue of share capital has been made during the period.
     Reserves & Surplus has increased gradually during the years.

    TITAN COMPANY Cash Flow Statement Analysis


    Particulars 31/03/16 31/03/17 31/03/18
    Net Profit before tax 870.66 1033.42 1570.72
    Net cash used in 0.0 1768.22 299.4
    operating activities
    Net cash used in 0.0 (1020.35) (180.83)
    investing activities
    Net cash used in 0.0 (153.73) (325.04)
    financing activities
    Net -88.63 592.05 (205.37)
    increase/(decrease)in
    cash & cash equivalent
    Opening cash& cash 168.39 79.76 671.81
    equivalent
    Closing cash& cash 79.76 671.81 466.44
    equivalent

     TITAN COMPANY's cash flow from operating activities during FY18 stood at Rs 299.4 million.

     Cash flow from investing activities (CFI) during FY18 stood at Rs -180.83 million
     Cash flow from financial activities (CFF) during FY18 stood at Rs -325.04million.
     Overall, net cash flows for the company during FY18 stood at Rs -205.377 million
    from the Rs -88.63 million net cash flows seen during FY17.

    TITAN COMPANY Share Price Performance

    Over the last one year, TITAN COMPANY share price has moved up from Rs 608.1
    to Rs1106.70, registering a gain of Rs 498.60 or around 81.9%.
    Overall, the S&P BSE SENSEX is up 22.7% over the year.

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