Have you ever thought about the share price target/prediction of Titan Company Ltd for the coming years 2022 to 2030? so it is a golden opportunity to read this article because in this post, after a lot of analysis we analyzed many more points about it, such as why should we invest in this share or not, that has explained below.
Titan Company Ltd is an Indian Company that deals in the manufacturing of fashion accessories such as watches and eyewear. Titan is now a part of Tata Group and started as a joint venture with TIDCO. As of now, Titan is the fifth largest watch manufacturer in the World. They sell their products in the name of Sonata, Tanishq. The present CEO of Titan Company Ltd is C.K. Venkataraman.
Titan Company Ltd Quarterly Report Analysis
The TITAN, In the June quarter of the financial year 2021, the company made sales of Rs.3,492 Cr. which they got a loss of about Rs.61 Cr. after paying taxes. In the September quarter of the financial year 2021, Company made sales of Rs.7,170 Cr. through which they make a profit of around Rs.641 Cr. after paying all the essential taxes to government bodies.
In the December quarter of 2021, the company made sales of around Rs.9,515 Cr. in which they made a profit of about Rs.987 Cr. after paying all the taxes. In the March quarter of 2022, the company made sales of around Rs.7,276 Cr. In which they made a profit of about Rs.491 Cr. after paying all the taxes. In the June quarter of the financial year 2022, the company made sales of around Rs.8,961 Cr. by which they made a profit of about Rs.793 Cr. after paying all the taxes to government bodies.
Titan Company Ltd Annual Report Analysis
The company make net sales of Rs.12,896.52 Cr. in 2017 till the month of March by which they make a profit of around Rs.761.86 Cr. In the following year which is 2018, till the month of march the company makes net sales of about Rs.15,621.30 Cr.by which they make a profit of about Rs.1,162.87 Cr. after paying all the taxes to the government bodies.
In the year 2019, till the Month of March Company make net sales of around Rs.19,069.97 Cr. by which the company made a profit of about Rs.1,374.36 Cr. In the following year 2020 till the month of March, they make sales of Rs.20,010 Cr. by which the company made a profit of about Rs.1,517 Cr. In the Year 2021, till the month of March Company’s net sales of around Rs.20,602 Cr. by which they made a profit of Rs.877 Cr. in the financial year 2022, TITAN made net sales of Rs.27,210 Cr. and in the same session net profit was Rs.2,180 Cr. after paying all the taxes.
Titan Company Ltd Balance Sheet Analysis
In the year 2017 Company invested around Rs.522.25 Cr. and the Current Assets of Titan Company Ltd are about Rs.6,691.07 Cr. and total assets of the company available at that time is around Rs.8,315.29 Cr. In the following year, 2018 Company invest around Rs.756.43 Cr. and the Current Assets of Titan Company Ltd. are about Rs.7,277.32 Cr. and the total assets of the company are available at that time in 2018 is around Rs.9,348.36 Cr. In the year 2019 Company invest around Rs.830.72 Cr. and the Current Assets of TITAN are about Rs.9,085.26 Cr. and the total assets of the company available at that time are around Rs.11,385.06 Cr.
In 2020 Company invested around Rs.933 Cr. The Current Assets of TITAN in the year 2020 are about Rs.9534 Cr. also, the total assets of the company available at that time in 2020 are around Rs.13,016 Cr. In the financial year, 2021 Company invest around Rs.783 Cr. And Current Assets Titan Company Ltd is about Rs.12,501 Cr. And total assets of the company available at that time is around Rs.15,755 Cr. the same as in the next year 2022, TITAN invested Rs.870 Cr. wether the total assets was Rs.20,001 Cr.
Now we try to predict a specific possible target for the shares of TITAN for future years. There is a table attached below in which u can see the predicted target for every year according to the present situation.
| Year | Target Of Titan Company Ltd |
|---|---|
| 2022(Target-1) | Rs.2,671 |
| (Target-2) | Rs.2,892 |
| 2023(Target-1) | Rs.3,403 |
| (Target-2) | Rs.3,752 |
| 2024(Target-1) | Rs.4,200 |
| (Target-2) | Rs.4,684 |
| 2025(Target-1) | Rs.5,042 |
| (Target-2) | Rs.5,473 |
| 2030(Target-1) | Rs.14,326 |
| (Target-2) | Rs.16,383 |
For the year 2022, we try to predict two possible targets which they can surpass easily first is around Rs.2,671 and the second target which we can possibly find in the same year is around Rs.2,892 as we all can see what I predict for the second possible target for 2022 is pretty much higher than first and it will happen because the share price of Titan Company Ltd will show some downfall movement. We predict all these target levels on the basis of a Fibonacci retracement, support, and resistance.
When we read the technical charts we predict two possible targets which the share of Titan Company Ltd can attain in the year 2022 first is around Rs.3,403 and after attaining these values share price will go down for a while but they will again move in an uptrend because of their product demand in the market and we will predict second possible target which they can cross is around Rs.3,752.
We can predict the first share price target for the financial year 2024 is around Rs.4,200 and after attaining that value they also show a similar trend as they show in the past year but again because of the increasing demand for their product they again attain share price in the year 2024 is around Rs.4,684.
As we read the chart for the year 2025, they will move in an uptrend which helps the share price of Titan Company Ltd to increase their price. So, we predict the first target which they can get in the year 2025 is about Rs.5,042 and the second possible target that they can cross in the same year is about Rs.5,473.
By the end of this decade, TITAN will emerge as one of the best in their business according to their productivity. So, we predict the first target is around Rs.14,326 and the second possible target which they can cross is about Rs.16,383 as we can see through the share price we can say this will be the lifetime high of Titan Company Ltd. at the end of this decade.
Conclusion
In this article, we have done a detailed analysis of Titan Company Ltd’s share price target prediction, as well as we tried to include every aspect in our article which is really essential to know an investment in any specific company if this post helpful for you so please do not forget to share.
I am a skillful trainer of the share market for the last 7 years. I have better knowledge of technical analysis, fundamental analysis, chart understanding, writing about share market, investing as well as trading which I wanted to spread all over the people.