Titan Co Ltd (TTAN IN) - Growth

In Millions of INR except Per Share FY 2012 FY 2013 FY 2014 FY 2015

12 Months Ending 03/31/2012 03/31/2013 03/31/2014 03/31/2015
1 Year Growth
Revenue 35.10 14.48 8.05 9.00
EBITDA 35.86 20.75 4.01 9.77
Operating Income 36.22 20.60 3.06 8.19
Net Income to Common 38.84 20.62 1.32 11.06
EPS Diluted 38.77 20.68 1.35 10.99
EPS Diluted before XO 38.77 20.68 1.35 10.99
EPS Diluted before Abnormal 38.81 20.51 1.41 11.13
Dividend per Share 40.00 20.00 0.00 9.52

Accounts Receivable 40.44 0.39 -7.06 23.10

Inventory 44.24 27.70 5.14 4.65
Fixed Assets 33.04 25.90 29.69 17.48
Total Assets 25.31 24.91 3.88 -3.98
Modified Working Capital 96.11 51.20 80.99 -27.33
Working Capital 48.20 35.55 28.99 25.28
Employees 17.26 12.27 — —
Accounts Payable 23.90 10.95 -59.04 125.69
Short-Term Debt -90.74 11.29 13,272.83 -87.62
Total Debt — — — —
Total Equity — — — —
Capital — — — —
Book Value per Share — — — —

Cash From Operations -82.28 180.02 — —

Capital Expenditures 126.74 14.25 26.06 -1.64
Net Change In Cash — — — -89.32
Free Cash Flow -95.99 793.71 — —
Cash Flow to Firm -79.80 156.65 — —
Free Cash Flow to Firm -93.01 452.16 — —

5 Year Growth
Revenue 33.16 27.30 23.08 20.33
EBITDA 32.44 32.19 28.13 23.69
Operating Income 34.57 34.48 30.30 25.80
Net Income to Common 43.33 37.50 35.00 26.57
EPS Diluted 43.16 37.50 35.00 26.56
EPS Diluted before XO 43.16 37.50 35.00 26.56
EPS Diluted before Abnormal 43.25 36.42 33.88 26.44
Dividend per Share 47.58 39.33 33.24 25.12
Accounts Receivable 11.14 86.90 7.77 14.90
Inventory 33.52 28.66 26.28 24.65
Fixed Assets 12.68 15.76 20.14 23.02
Total Assets 31.48 29.85 27.93 22.76
Modified Working Capital 29.63 36.41 38.80 26.27
Working Capital 46.97 35.67 34.76 32.46
Employees 11.20 12.01 — —
Accounts Payable 32.63 25.23 4.29 21.79
Short-Term Debt -48.66 -43.07 70.97 205.34
Total Debt — — — —
Total Equity — — — —
Total Capital 5 Year Growth — — — —
Book Value per Share — — — —

Cash From Operations 5.94 42.73 — 8.83

Net Change In Cash — 149.83 — —
Free Cash Flow 0.44 54.88 — 0.50
Cash Flow to Firm 7.01 40.21 — 9.25
Free Cash Flow to Firm 5.51 48.18 — 1.78

Sequential Growth
Revenue 35.10 14.48 8.05 9.00
EBITDA 35.86 20.75 4.01 9.77
Operating Income 36.22 20.60 3.06 8.19
Net Income to Common 38.84 20.62 1.32 11.06
EPS Diluted 38.77 20.68 1.35 10.99
EPS Diluted before XO 38.77 20.68 1.35 10.99
EPS Diluted before Abnormal 38.81 20.51 1.41 11.13
Dividend per Share 40.00 20.00 0.00 9.52

Accounts Receivable 40.44 0.39 -7.06 23.10

Inventory 44.24 27.70 5.14 4.65
Fixed Assets 33.04 25.90 29.69 17.48
Total Assets 25.31 24.91 3.88 -3.98
Modified Working Capital 96.11 51.20 80.99 -27.33
Working Capital 48.20 35.55 28.99 25.28
Employees 17.26 12.27 — —
Accounts Payable 23.90 10.95 -59.04 125.69
Short-Term Debt -90.74 11.29 13,272.83 -87.62
Total Debt — — — —
Total Equity — — — —
Capital — — — —
Book Value per Share — — — —
Cash From Operations -82.28 180.02 -200.76 —
Capital Expenditures 126.74 14.25 26.06 -1.64
Net Change In Cash -116.37 — -289.71 —
Free Cash Flow -95.99 793.71 -308.11 —
Cash Flow to Firm -79.80 156.65 -184.47 —
Free Cash Flow to Firm -93.01 452.16 -274.87 —
Source: Bloomberg Right click to show data transparency (not supported for all values)
 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
03/31/2016 03/31/2017 03/31/2018 03/31/2019 03/31/2020 03/31/2021

-5.20 17.87 20.93 22.86 6.00 -3.27

-18.64 23.62 42.34 21.09 23.86 -30.11
-21.03 24.91 44.82 20.84 15.86 -36.33
-17.36 5.48 58.84 24.25 6.93 -35.19
-17.30 5.45 59.10 24.08 6.89 -35.19
-17.30 5.45 59.10 24.08 6.89 -35.19
-17.91 16.08 44.77 21.81 7.49 -36.63
-4.35 18.18 44.23 33.33 -20.00 0.00

1.46 7.84 42.43 42.19 -25.90 17.48

9.83 10.76 20.28 18.80 15.12 3.76
15.21 17.47 15.96 5.78 82.60 -3.53
8.13 32.51 13.28 23.01 15.66 21.42
29.81 45.75 22.81 22.66 19.30 2.14
11.97 12.28 21.33 25.56 8.93 22.01
— — — — — -3.53
-14.69 -52.70 12.13 3.22 -34.14 32.23
13.14 1,565.13 -10.17 39.15 5.28 84.21
— 1,565.13 -10.17 41.02 48.89 58.60
— 21.46 19.47 19.58 9.68 12.42
— 69.68 10.39 24.93 20.72 28.46
— 20.71 20.26 19.26 9.86 12.14

18.76 189.78 — — — —
21.54 0.66 19.04 -13.16 34.11 -58.88
85.64 — — 79.35 -732.64 —
16.75 332.32 — — — —
15.76 178.61 — — — —
12.09 301.14 — — — —

11.55 8.54 9.74 12.60 11.97 12.42

8.79 6.75 10.32 13.73 16.51 13.02
7.66 5.81 9.76 13.31 14.87 10.03
9.26 3.42 9.27 13.82 12.96 7.60
9.27 3.43 9.31 13.82 12.97 7.60
9.27 3.43 9.31 13.82 12.97 7.60
9.13 5.29 9.23 13.31 12.55 6.88
11.97 8.24 12.30 18.95 11.70 12.70
10.35 4.68 12.26 22.23 10.43 13.71
17.35 11.32 9.99 12.71 14.88 13.59
24.07 21.02 19.05 14.29 24.83 20.48
11.04 12.29 10.11 13.90 18.22 20.99
38.32 30.35 25.04 15.68 27.73 21.75
29.45 22.46 19.78 19.13 15.85 17.85
— — — — — —
1.63 -16.17 -15.99 1.06 -21.00 -13.77
14.06 222.19 208.68 23.87 90.05 109.51
— — — — — 118.51
— — — — — 16.43
— — — — — 29.40
— — — — — 16.36

-10.99 55.66 — — — —
— — — — — —
-19.43 105.40 — — — —
-10.46 51.34 — — — —
-18.36 83.52 — — — —

-5.20 17.87 20.93 22.86 6.00 -3.27

-18.64 23.62 42.34 21.09 23.86 -30.11
-21.03 24.91 44.82 20.84 15.86 -36.33
-17.36 5.48 58.84 24.25 6.93 -35.19
-17.30 5.45 59.10 24.08 6.89 -35.19
-17.30 5.45 59.10 24.08 6.89 -35.19
-17.91 16.08 44.77 21.81 7.49 -36.63
-4.35 18.18 44.23 33.33 -20.00 0.00

1.46 7.84 42.43 42.19 -25.90 17.48

9.83 10.76 20.28 18.80 15.12 3.76
15.21 17.47 15.96 5.78 82.60 -3.53
8.13 32.51 13.28 23.01 15.66 21.42
29.81 45.75 22.81 22.66 19.30 2.14
11.97 12.28 21.33 25.56 8.93 22.01
— — — — — -3.53
-14.69 -52.70 12.13 3.22 -34.14 32.23
13.14 1,565.13 -10.17 39.15 5.28 84.21
— 1,565.13 -10.17 41.02 48.89 58.60
— 21.46 19.47 19.58 9.68 12.42
— 69.68 10.39 24.93 20.72 28.46
— 20.71 20.26 19.26 9.86 12.14
 18.76 189.78 -102.42 — -134.57 —
21.54 0.66 19.04 -13.16 34.11 -58.88
— — -134.55 — — —
16.75 332.32 -123.74 — -178.75 —
15.76 178.61 -100.20 — -124.59 —
12.09 301.14 -120.80 — -164.69 —
orted for all values)