FINANCIAL PERFORMANCE OF TITAN INDUSTRIES LTD.

FOR THE YEAR ( 2 02 1-202 2 & 20 20 -202 1)

Presented by Team – Quantum

Team Members are – Sukirti Lata
Shourya Rastogi
Jahnavi Singhal
Utkarsh Raghav
Hershita Singh
 Titan Ltd. Income
statement
analysis Income
T i ta n C o m p a n y M a r '22 M a r '21 M a r '20

(For the year 2020-2021) S a l e s Tu r n o v e r 27,210.00 20,602.00 20,009.64

E xc i s e D u t y 0 0 0
 Operating income during the year rose 2.8% on a year-on- N e t Sales 27,210.00 20,602.00 20,009.64
year (YoY) basis. Other Income 195 44 146.41
S t o c k A d j u st m e n t s 4,468.00 -164 835.81
 The company's operating profit decreased by 30.2% YoY To t a l I n c o m e 31,873.00 20,482.00 20,991.86
during the fiscal. Operating profit margins witnessed a fall E x p e n d i t u re
and stood at 8.0% in FY21 as against 11.7% in FY20. R a w Materials 25,170.00 15,631.00 15,399.22
P o w e r & Fu e l C o s t 38 32 45.19
 Depreciation charges increased by 7.8% and finance costs Employee Cost 1,143.00 911 1,040.12
increased by 22.3% YoY, respectively. Selling a n d A d m i n E x p e n s e s 474 232 476.65
Miscellaneous Expenses 1,574.00 1,931.00 1,466.54
 Other income grew by 22.2% YoY. To t a l E x p e n s e s 28,399.00 18,737.00 18,427.72
M a r '22 M a r '21 M a r '20
 Net profit for the year declined by 34.6% YoY.
O p e r a ti n g P ro fi t 3,279.00 1,701.00 2,417.73
 Net profit margins during the year declined from 7.1% in PBDIT 3,474.00 1,745.00 2,564.14
FY20 to 4.5% in FY21. I n te re st 195 181 149.48
PBDT 3,279.00 1,564.00 2,414.66
(for the year 2021-2022) D e p r e c i a ti o n 347 331 309.69
P ro fi t B e f o r e Ta x 2,932.00 1,233.00 2,104.97
 The company's operating profit increased by 90.5% YoY P B T ( Po st E x t r a - o r d I t e m s ) 2,932.00 1,233.00 2,104.97
during the fiscal. Operating profit margins witnessed a fall Ta x 752 356 587.34
and down at 11.4% in FY22 as against 8.0% in FY21. R e p o r t e d N e t P ro fi t 2,180.00 877 1,517.63
To t a l Va l u e A d d i ti o n 3,229.00 3,106.00 3,028.50
 Depreciation charges increased by 6.4% and finance costs Eq u i t y D i v i d e n d 355 355 443.89
increased by 7.4% YoY, respectively. C o r p o r a t e D i v i d e n d Ta x 0 0 91.24
P e r s h a r e d a t a ( a nn ua l i se d )
 Other income grew by 27.3% YoY. S h a r e s i n i s sue ( la k hs) 8,878.00 8,878.00 8,878.00
Ea r n i n g Pe r S h a r e ( R s ) 24.56 9.88 17.09
 Net profit for the year grew by 124.5% YoY. Eq u i t y D i v i d e n d ( % ) 750 400 400
B o o k Va l u e ( R s) 105.58 85.08 76.87
 Net profit margins during the year grew from 4.5% in FY21
to 7.6% in FY22.
 Titan Ltd. Balance Titan Company Mar '22 Mar '21 Mar '20
sheet analysis Sources Of Funds
Total Share Capital 89 89 88.78
Equity Share Capital 89 89 88.78
(For the year 2020-2021) Reserves 9,284.00 7,464.00 6,736.08
Networth 9,373.00 7,553.00 6,824.86
 The company's current liabilities during FY21 stood at Secured Loans 225 4,094.00 2,133.17
Rs 77 billion as compared to Rs 56 billion in FY20, Unsecured Loans 0 0 0
thereby witnessing an increase of 37.1%.
Total Debt 225 4,094.00 2,133.17
 Long-term debt down at Rs 90 million as compared to Total Liabilities 9,598.00 11,647.00 8,958.03
Rs 170 million during FY20, a fall of 47.1%. Mar '22 Mar '21 Mar '20

 Current assets rose 30% and stood at Rs 132 billion,

while fixed assets fell 4% and stood at Rs 32 billion in Application Of Funds
FY21.
Gross Block 2,534.00 2,738.00 2,588.39
 Overall, the total assets and liabilities for FY21 stood at Less: Accum. Depreciation 609 779 534.92
Rs 163 billion as against Rs 134 billion during FY20, Net Block 1,925.00 1,959.00 2,053.47
thereby witnessing a growth of 22%. Capital Work in Progress 71 25 13.78
Investments 884 3,512.00 983.11
(For the year 2021-2022)
Inventories 12,787.00 7,984.00 7,740.62
 The company's current liabilities during FY22 stood at Sundry Debtors 495 291 214.44
Rs 105 billion as compared to Rs 77 billion in FY21, Cash and Bank Balance 1,049.00 512 356
thereby witnessing an increase of 36.3%. Total Current Assets 14,331.00 8,787.00 8,311.06
Loans and Advances 2,926.00 1,577.00 1,826.53
 Long-term debt down at Rs 20 million as compared to
Total CA, Loans & Advances 17,257.00 10,364.00 10,137.59
Rs 90 million during FY21, a fall of 77.8%.
Current Liabilities 10,330.00 4,047.00 3,968.84
 Current assets rose 32% and stood at Rs 175 billion, Provisions 209 166 261.08
while fixed assets rose 13% and stood at Rs 36 billion in Total CL & Provisions 10,539.00 4,213.00 4,229.92
FY22. Net Current Assets 6,718.00 6,151.00 5,907.67
Total Assets 9,598.00 11,647.00 8,958.03
 Overall, the total assets and liabilities for FY22 stood at
Rs 210 billion as against Rs 163 billion during FY21,
Contingent Liabilities 1,186.00 840 479.77
thereby witnessing a growth of 29%.
Book Value (Rs) 105.58 85.08 76.87
 Ratio analysis for Titan
Ltd.
For the year (2020-2021)
 Solvency Ratios
 Current Ratio: The company's current ratio deteriorated
and stood at 1.7x during FY21, from 1.8x during FY20.
The current ratio measures the company's ability to pay
short-term and long-term obligations. Key Ratio Analysis

 Interest Coverage Ratio: The company's interest

No. of Months Year Ending 30 March 2020 30 March 2021
coverage ratio deteriorated and stood at 7.6x during
FY21, from 13.7x during FY20. The interest coverage
ratio of a company states how easily a company can pay Current ratio 1.8 1.7
its interest expense on outstanding debt. A higher ratio
is preferable.
Debtors’ Days 1 1

 Profitability Ratios Interest coverage 13.7 7.6

 Return on Equity (ROE): The ROE for the company

declined and down at 13.1% during FY21, from 22.5% Return on assets 12.4 7.2
during FY21. The ROE measures the ability of a firm to
generate profits from its shareholders capital in the Return on equity 22.5 13.1
company.
 Return on Capital Employed (ROCE): The ROCE for the
company declined and down at 20.5% during FY21, Return on capital
employed
34 20.5
from 34.0% during FY20. The ROCE measures the ability
of a firm to generate profits from its total capital
(shareholder capital plus debt capital) employed in the
company.
 Ratio analysis for Titan
Ltd.
For the year (2021-2022)
 Solvency Ratios
Key Ratio Analysis
 Current Ratio: The company's current ratio deteriorated and
stood at 1.7x during FY22, from 1.7x during FY21. The
current ratio measures the company's ability to pay short- No. of Months Year Ending 30 March 2021 30 March 2022
term and long-term obligations.
 Interest Coverage Ratio: The company's interest coverage Current ratio 1.7 1.7
ratio improved and stood at 14.3x during FY22, from 7.6x
during FY21. The interest coverage ratio of a company states
how easily a company can pay its interest expense on
outstanding debt. A higher ratio is preferable. Debtors’ Days 1 1

 Profitability Ratios
Interest coverage 7.6 14.3
 Return on Equity (ROE): The ROE for the company improved
and stood at 23.6% during FY22, from 13.1% during FY22.
The ROE measures the ability of a firm to generate profits Return on assets 7.2 11.5
from its shareholders capital in the company.
 Return on Capital Employed (ROCE): The ROCE for the
company improved and stood at 33.6% during FY22, from Return on equity 13.1 23.6

20.5% during FY21. The ROCE measures the ability of a firm

to generate profits from its total capital (shareholder capital
plus debt capital) employed in the company.
Return on capital
20.5 33.6
 Return on Assets (ROA): The ROA of the company employed

improved and stood at 11.5% during FY22, from 7.2%

during FY21. The ROA measures how efficiently the
company uses its assets to generate earnings.