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05 June 2020

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Titan Company Ltd (Diamond Cutting / Jewellery)

Last Price 975.35
Net Changes 4.10
Volume 1182086
Prev Close 971.25
975.35 4.10 (0.42%)
Date: Jun 05,2020 10:59:59




Index Details Diamond Cutting / Jewellery


Chart

Stock Price Details

Market Statistics

Open Price 973 Div Yield (%) 0.51
Buy (Size) 974.30(×6) Eps(Rs) 16.87
Sell (Size) 974.75(×10) Book Value (Stand.)(Rs) 70.09
Value 28243800 Book Value(conso.)(Rs) 68.3370488
Buy Quantity 6 Market Cap(Rs.Cr) 86243.99
Sell Quantity 10 Face Value(Rs) 1
Today's High 990.35 Market Lot 1
Today's Low 967.2 AGM Date Aug
52-Week High 1389.85 Book Closure Date Jul/Aug
52-Week Low 720 ISIN No. INE280A01028

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 469701920 52.91
Total of Promoter 469701920 52.91
Non Promoter (Institution) 256007317 28.84
Non Promoter (Non-Institution) 162076923 18.26
Total Non Promoter 418084240 47.09
Total Promoter & Non Promoter 887786160 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 887786160 100.00

Company News

04-Jun-2020  Titan Company Ltd Slides 2.83%, S&P BSE Consumer Durables inde...
Titan Company Ltd Slides 2.83%, S&P BSE Consumer Durables index Shed 1.44%

Titan Company Ltd fell 2.83% today to trade at Rs 956.2. The S&P BSE Consumer Durables index is down 1.44% to quote at 20541.11. The index is up 8.89 % over last one month. Among the other constituents of the index, Blue Star Ltd decreased 1.87% and Whirlpool of India Ltd lost 1.6% on the day. The S&P BSE Consumer Durables index went down 18.24 % over last one year compared to the 15.13% fall in benchmark SENSEX.

Titan Company Ltd has added 7.78% over last one month compared to 8.89% gain in S&P BSE Consumer Durables index and 8.16% rise in the SENSEX. On the BSE, 26771 shares were traded in the counter so far compared with average daily volumes of 1.3 lakh shares in the past one month. The stock hit a record high of Rs 1389.85 on 25 Oct 2019. The stock hit a 52-week low of Rs 720 on 24 Mar 2020.

03-Jun-2020  Titan Company Ltd - Titan Company Limited - Disclosure under S...
Titan Company Ltd - Titan Company Limited - Disclosure under SEBI Takeover Regulations

Titan Company Limited has informed the Exchange regarding the disclosure pursuant to the provisions of Regulation 30 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as at 31st March, 2020
02-Jun-2020  Titan Company announces board meeting date
Titan Company announces board meeting date

Titan Company will hold a meeting of the Board of Directors of the Company on 8 June 2020.
27-May-2020  V I P Industries Ltd Falls 3.48%, S&P BSE Consumer Durables in...
V I P Industries Ltd Falls 3.48%, S&P BSE Consumer Durables index Drops 1.02%

V I P Industries Ltd lost 3.48% today to trade at Rs 207.8. The S&P BSE Consumer Durables index is down 1.02% to quote at 18467.74. The index is down 5.31 % over last one month. Among the other constituents of the index, Titan Company Ltd decreased 2.09% and Orient Electric Ltd lost 1.15% on the day. The S&P BSE Consumer Durables index went down 24.94 % over last one year compared to the 23.04% fall in benchmark SENSEX.

V I P Industries Ltd has lost 5.35% over last one month compared to 5.31% fall in S&P BSE Consumer Durables index and 3.62% drop in the SENSEX. On the BSE, 16155 shares were traded in the counter so far compared with average daily volumes of 36606 shares in the past one month. The stock hit a record high of Rs 519.9 on 12 Feb 2020. The stock hit a 52-week low of Rs 187.95 on 24 Mar 2020.

27-May-2020  Titan Company slips on weak business update
Titan Company slips on weak business update

Titan Company said its operations were hit substantially from 17 March 2020 till the 1st week of May 2020, when lockdown was gradually lifted. The company reported marginal sales through its online channel at the end of April but delivery for these were affected due to classification of its products as non-essential so far.

In last 2 months, the company's operating cash flow was negative due to virtually zero sales during the first six weeks of lockdown, increase in mark-to-market cash outflow on gold hedge due to rising gold prices and committed costs being incurred. However, these mark-to-market cash outflow is expected to be recovered when sale of jewellery commences. Thus, the COVID-19 situation is expected to adversely affect the profitability during the first half of this year.

Sales during 'Akshaya Tritiya', which fell on 26th April, were impacted except for some online sales. The wedding season is also normally strong during April and May and this year almost all weddings in this period have been postponed. The jewellery business of the company has deferred the launch of two of its collections till a time that most of the stores are re-opened.

The company has opened around 43% of its stores across all businesses till date. The company is predominantly dependent on retail operations through nearly 1850 retail outlets in the country. The share of online business is around 2% of its sales. The sales in stores that have opened up are at around 50% of the sales in a normal period and is improving gradually.

Manufacturing activities have commenced gradually in most of the facilities. In the short term, manufacturing activity will be below normal.

Customer sentiment pointing to reduced spends on discretionary items might impact demand for most of the company's products. The drop in sales is also expected to impact store profitability in the near term and hence store roll outs will be calibrated in the immediate future till more clarity emerges.

The company is in a comfortable liquidity position due to adequate banking limits being in place and ability to issue Commercial Papers as the company continues to enjoy the highest rating in both short term (A1+) and long term (AAA) borrowings by CRISIL and Brickworks. The company has successfully issued Rs 1,000 crore of commercial papers during April and May at extremely attractive rates to meet the funding requirements. There is also no impact on internal financial controls due to the COVID-19 situation.

There is minimum disruption in the supply chain as most of the vendors have re-started their production and are ready to provide required supplies. Supplies from international vendors for watch business, eyewear business and for accessories have commenced. Production and will commence depending on the demand and the inventory being liquidated.

The retail operations of CaratLane Trading were impacted adversely. However, its online sales will help in the cash flows and profitability of Caratlane.

Titan Company said it will publish its annual audited accounts in mid-June. Titan Company is engaged in offering watches, jewellery and others.

27-May-2020  Titan Company Ltd - Titan Company Limited - Updates
Titan Company Ltd - Titan Company Limited - Updates

Titan Company Limited has informed the Exchange regarding Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Disclosure relating to impact of CoVID 19 pandemic on the Company.
26-May-2020  Titan Company Ltd - Disclosure Under Regulation 30 Of SEBI (Li...
Titan Company Ltd - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Disclosure Relating To Impact Of Covid-19 Pandemic On The Company.

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Disclosure relating to impact of CoVID-19 pandemic on the Company.
14-May-2020  Titan Company Ltd - Titan Company Limited - Credit Rating
Titan Company Ltd - Titan Company Limited - Credit Rating

Titan Company Limited has informed the Exchange regarding Credit Rating assigned for Commercial Paper by ICRA
13-May-2020  Titan Company Ltd - Announcement under Regulation 30 (LODR)-Cr...
Titan Company Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

The rating assigned for Commercial Paper by ICRA.
08-May-2020  Titan Company Ltd - Titan Company Limited - Disclosure under S...
Titan Company Ltd - Titan Company Limited - Disclosure under SEBI Takeover Regulations

Titan Company Limited has informed the Exchange regarding disclosure under regulation 30(2) of SEBI (SAST) Regulations, 2011
Incorporation Year 1984 
Registered Office 3 SIPCOT Industrial Complex,,
,
Tamil Nadu-635126
Telephone 91-4344-664199 
Fax 91-4344-276037 
Chairman N Muruganandam
Managing Director C K Venkataraman
Company Secretary Dinesh Shetty 
Auditor B S R & Co LLP 
Face Value(Rs)
Market Lot
Listing BSE,MSEI,NSE 
Registrar TSR Darashaw Consultants P Ltd
6-10 Haji Moosa,Patrawala Ind.Estate,DrEMoses Rd Mahalaxm,Mumbai - 400 011 
Toll Free number: 1800-425-5501 / 1800-103-5501
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