BSE: 521005
TITAN INTECH LIMITED
Develops 3D display and AI-enabled visualization technologies across six technology verticals, including 3D display, AI rendering, and FPGA calibration. These are applied to LCD, LED, and Light-Field displays, and to RDSO-approved Passenger Information Systems supplied to Indian Railways. In FY26, revenue stood at ₹34.01 crores, up from ₹27.02 crores in FY25, with net profit of ₹5.58 crores and EBITDA margin of 35.2%. Materials is the biggest cost line at 42.7% of revenue, followed by other operating expenses at 15% and depreciation at 11.5%. The company has capitalised cumulative R&D under Ind AS 38, with substantial additions in FY26, and has approved a wholly-owned subsidiary in Hong Kong for Asia-Pacific expansion. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. 3D display technology, AI-enabled visualization, FPGA calibration, LCD/LED/Light-Field displays, RDSO-approved PIS for Indian Railways. R&D-heavy technology developer with capitalised development across display and AI-visualization verticals
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 15 | 44 | 27 | 34 |
| EBITDA (ex other income) | 2 | 3 | 10 | 8 | 12 |
| margin % | 33.7 | 20.9 | 22.7 | 29.6 | 34.2 |
| Owners' profit | 1 | 2 | 6 | 4 | 6 |
| EPS, as reported (₹) | 3.96 | 3.99 | 4.87 | 1.27 | 0.07 |
| ROE % · ROCE % | 0.0 · 0.0 | 10.3 · 12.2 | 16.8 · 13.9 | 5.2 · 4.7 | 3.4 · 4.4 |
| Debt / equity (x) | 0.32 | 0.02 | 0.07 | 0.04 | 0.04 |
| Cash from operations | 0 | 6 | 8 | (25) | 35 |
| Capex | 0 | (13) | (17) | (7) | (3) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 11 | 6 | 5 | 7 | 13 | 9 | 7 |
| Profit before tax | 1 | 2 | 1 | 1 | 1 | 4 | 1 | 1 |
| Net profit | 1 | 2 | 1 | 1 | 1 | 3 | 1 | 1 |
| EPS (₹) | 0.29 | 0.70 | 0.17 | 0.20 | 0.03 | 0.04 | 0.01 | 0.01 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 43,370 | 32.9 | 6.68 | 20.0 | 19.7 | 21.1 | 15.1 | 19.6 |
| INVENTURUS KNOWLEDGE SO L | 28,839 | 37.0 | 10.30 | 26.2 | 25.8 | 27.7 | — | 33.6 |
| TATA TECHNOLOGIES LIMITED | 26,430 | 47.4 | 6.74 | 28.7 | 13.9 | 14.3 | — | 18.3 |
| NETWEB TECH INDIA LTD | 25,071 | 95.9 | 34.66 | — | 28.5 | 37.5 | — | 15.7 |
| SAGILITY LIMITED | 21,192 | 21.4 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| AFFLE 3I LIMITED | 19,968 | 41.7 | 5.47 | 27.3 | 12.5 | 15.2 | 39.3 | 25.8 |
| BLACK BOX LIMITED | 14,418 | 61.8 | 11.20 | 28.7 | 16.9 | 9.5 | 6.2 | 8.4 |
| CYIENT LIMITED | 12,888 | 33.8 | 2.09 | 11.7 | 7.5 | 9.7 | 12.0 | 13.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.2 | 17.9 | 20 of 76 | 75% |
| P/B | 0.5 | 2.2 | 8 of 70 | 88% |
| ROCE | 3.6 | 9.6 | 65 of 86 | 25% |
| ROE | 3.4 | 9.2 | 50 of 70 | 29% |
| Debt / Equity | 0.0 | 0.0 | 36 of 70 | 49% |
| EBITDA margin | 24.8 | 13.0 | 19 of 69 | 74% |
| Revenue growth | 47.4 | 20.8 | 18 of 67 | 74% |
| Profit growth | 15.4 | 14.6 | 32 of 64 | 51% |
| Market cap | 78 | 325 | 61 of 87 | 30% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · RTA certifies dematerialization compliance for July-September 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · AGM results: 3 resolutions passed including auditor appointment | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 42nd AGM held on 29 Sep 2026 via video conferencing | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1 until Q2 results are announced | compliance | minimal | — | — |
| 9 Sept 2026 · Addendum to 42nd AGM Notice: omitted Notes to Accounts supplied | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Titan Intech gets OEM recognition on GeM platform for display products | business updates | medium | — | — |
| 3 Sept 2026 · Titan Intech FY26 Annual Report: Revenue up 27%, PAT up 41% | results | high | — | — |
| 1 Sept 2026 · Board approves 42nd AGM notice and book closure from Sept 22 to Sept 29 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Board meeting on Sep 1, 2026 to consider 42nd AGM and book closure | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Titan Intech Q1 FY27 Rights Issue Monitoring Agency Report | compliance | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.