저자: 미상 · 외국인
요약 보기
결론: 타이탄(Titan)은 라케시 줄줄왈라 투자 사례를 근거로 매력적이라는 취지지만, 영상은 명확한 단기 가격 예측이나 매매 권유를 하지 않고 기업 펀더멘털을 소개하는 데 그친다. [투자 배경] 2003년 라케시 줄줄왈라가 주당 약 40루피 수준에 대량 매수했고 이후 수익률이 약 5744%라고 언급된다. 당시 회사는 노사 갈등, 원자재 가격 상승, 금값 상승, 수요 감소, 경쟁 심화로 주가가 8년간 약 29루피 수준까지 하락한 상태였다. [사업 구조와 시장] 인도 결혼 시장은 가계 지출 비중이 커서 성장성이 있다고 설명된다. 사업 비중은 주얼리 약 89%, 시계 약 7%, 안경 약 2%, 향수·패션 액세서리 약 2%다. [주얼리 부문] 인도 최대 주얼리 사업자로 시장점유율 약 7%라고 언급된다. 브랜드는 Zoya(초고가), Tanishq(프리미엄), Caratlane(저가) 등이다. 주얼리 매출은 약 12.5% 성장했다고 한다. 다만 EBIT 마진은 14.3%에서 12.3%로 하락했고 경쟁 심화와 다이아몬드 가격 하락이 원인으로 제시된다. 금 수요는 고가에도 증가했다고 한다. [시계·안경 부문] 시계는 인도 내 최대 업체이며 세계 5위권이라고 소개된다. 시계 매출은 약 14.2% 성장, Fastrack 브랜드가 성장을 견인했다. 매장은 Fastrack·Helios 등으로 확대 중이다. 안경은 약 11.5% 성장했고 마진은 약 18.4%다. [확장 및 리스크] 국내 매장 858개이며 두바이 첫 해외 매장을 열었다. 주요 리스크는 인플레이션에 따른 생산 원가 상승이며, 물가 안정 시 마진 회복이 기대된다고 한다. [실적] 순이익은 2021년 12월 기준 12억 루피 수준에서 현재 913 crore 수준으로 표현되나 자막 인식이 불명확하며, 약 10~12% 하락했다고 언급된다. 밸류에이션은 PE 약 72배로 제시되고 3년·5년 평균과 비교된다. 주가는 10% 하락 상태이나 강한 지지선을 형성했다는 평가다. [출연자 전망] 주가가 강한 지지선을 형성했다며 긍정적으로 보지만 명확한 목표가는 제시하지 않는다. 자기 조사 후 판단하라는 면책 문구가 포함된다.
다듬은 글
Titan is the same company in which Rakesh Barot earned a lot of money by slapping, but Rakesh is strong, can you buy Titan now? Well, all the questions have been answered today itself. People are after Titan, so why are you waiting? Come on I am very interested in your trainer and mental stock market and you are watching me on my Facebook channel and highly recommend subscribing to this channel because you are getting quality content on a different level here.
Now in this graph you can see these dots and arrows which I have drawn when Rakesh Jhunjhunwala sir started investing in Titan, sir, and today Rakesh's returns have been of 5744%, it is a crazy date, this same Rakesh Jhunjhunwala sir is an unlegend. Now the big funny thing behind this is how he bought the stock, how it happened that in 2003, our Rakesh sir called him, the broker said, sir, someone here wants to send Titanic stock, if you buy 10 lakh shares, you will get Rs 40 if you If you buy 30 lakh stocks, they will give it to you for Rs 38 and if you buy 50 lakhs, you will get it for Rs 36.
Rakesh Universal picked us stock at Rs 40, so its overall valuation, the market is good, everything is good, he bought it, he picked the smallest lot of 10 lakh stocks and as he kept studying the stock, he liked the stock so much that Sir Rakesh said that his holding in the T industry had increased to 5%, which is crazy, but at that time everything was not good at Titan, there were internal issues as well as external issues, the internal issues were there, there was some fight between the employee union and the management due to which the factory was closed, for that time the external issues were that the price of raw materials had increased, at that time the price of gold had increased, demand was very low, competition had increased a lot, due to which this was the performance of Titan, at that time it had gone down to 29 for 8 years, then Rakesh ji just started buying shares for us, started, started, started and bonus splits The difference is that their average bank price is in single digits and today it trades above the typing.
For a minute, they invested money in the company whose profession they are working for. This became sensory. If you are thinking this, then you are absolutely right. Now I will tell you what it is. They looked at the date of 2003. It was a very difficult time for Titan, but one business which was very good was the jewellery business.
The jewellery business was 30% of their revenue at that time and the company management was thinking that if they join Titan's business then its assets will increase further. And what has happened after so many years, then Rakesh Barot looked at its current assets and shares. Basically, what happens, I am explaining to you in very simple language.
This will show what is the current assets of the company, the current liability of the company upon the number of outstanding shares. Current assets share, the value of one share was 93,350, so they thought this is very good and thinking about Tanishq which is a jewellery business. The title is "It can do very well, it can do and wider India is gone, oh son, friend, now how do I have to find out, can I figure out what will happen in the future?" This is Rakesh.
Now, how will the company perform in the future or whether it will do better? The entire search for this is for you. After that, you can decide comfortably. So, let's start with the fundamental analysis of this company. Now, no Indian loosens his pockets majorly in only two events. First, for his child's education.
That's why you will see that the education companies that are providing online education, their profits are going in different ways. Because even Indian parents will not save money here. The second place where no Indian ever thinks of saving money is weddings. Yes, weddings. Look at the shy baniyas, they will keep drinking tea by cutting and cutting half and half all their lives.
They will keep negotiating with Kabaddi all their lives. And at the time of marriage I am faxing it to you. The wedding industry is the second largest in India and there seems to be no chance of it stopping. There is some scope. It is not happening now, you will see that the average cost of an Indian wedding is from 20 lakh to 25 crores, this means that an average Indian will spend up to 20% of his entire lifetime wealth only on weddings and we all have heard how many weddings are taking place and Titan focuses majorly on this industry, you will see that their entire business is divided into four parts, first of all the jewellery business which is 89% of their revenue, after that comes the watch business which is 7% of their revenue, then comes the eyewear business which is only 2% of the revenue of Jute and the next 2% of the revenue comes from perfumes and fashion accessories, so they focus on all the segments one by one, so I am starting first with their jewellery business, there is nothing surprising in this, it is the largest jewellery business in India, Titanic Titan has a market share of 7%, this is very big, I am explaining to you the structure of their brand.
There is the super luxury brand Zoya where you get very high end jewellery, very exotic designs which are very expensive, after that comes the brand Tanishq, the name Tanishq in the tights is Tanishq only, what is the continuity here, which comes in the premium segment, I mean in my family you will see that whenever we have to buy bhijudi, we have to buy good jewellery for the wedding, we will go to the tennis court only, we will not go anywhere else, so much Tanishq brand image is built, after that comes the mid market which makes contemporary videos and for the entire message, there is food bill pricing, their Caratlane which makes very affordable jewellery, in the jewellery segment, they have grown by 12.5%, double the diesel growth, friend, this is a big thing, whereas if they are market leaders, but not everything is good, what is the biggest issue here, their rate has reduced, in which their earning before interest tax was earlier 14.3% and now it has become 12.3%, reasons for this It is being said that first of all the competition has increased a lot and secondly the price of diamond has fallen a lot but now not every bad thing is bad, there is a little silver lining too, so the silver lining here is that the price of gold was very high between December 20 and January 23, but despite that the demand for gold has increased a lot, which gives comfort to this company.
As for expansion, it is expanding everywhere, as you can see, Tanishq has opened 14 stores and 18 more stores have opened, so they are expanding, it means there is an increase in growth opportunity, recovery, interest rates have stopped, but weddings had reduced, but people were staying at different places, but there was demand for jewellery, what was the time for that, Tanishq was doing video call, book an appointment on video call, we will definitely show you that sales are happening and this Their 4% of sales, now think about it, when it is happening on video calls, the store operation has nothing, there is no need for staff, so their oppressive cost is less, so this is more aftertable for the company, the second segment is a fan of watches, tell me a fact, I myself am wearing a Titan watch, I actually have a lot of typing stuff lying in my house, so it is called good, it is the biggest domestic player in India in the watch market, there is no doubt in that, someone will tell you something like this and it is the fifth largest player in the world, which is no small task and this is their only new watchman from Titan and we will talk about the brand, they have Nebula, Fast Track Sonata, this brand is very common, it is very famous, everyone has heard, plus they also have partnerships with international brands like Tommy Hilfiger, Polish Anything, Kenneth Call, Coach, it may be their name is wrong, I am announcing it wrong because brother I am a businessman, I do not know all the brands, they have grown in the watch segment and 14.2% year on year again double digital growth it is crazy and the driving factor is Fastrack Fastrack itself brother, their sales have been very good I am looking at their store account, 24 of their World of Time stores have been added, 17 Halos stores have been added and 7 Fast have been added and now they are coming into shelflocks, coming into table clocks what does this mean this company is a giant there is venturing into new markets they are not only in watches they are also coming into clocks, they are also coming into wall clocks now let's come to their segments in the spectacles segment by the way this is not the title this is the catalogue I am telling you thank you just 11.5% which is again good just imagine at this level if someone is doing double digital growth it is a very very posted thing now let me talk about earnings most specifically I will talk about beat the earnings are a very good brand because the spectacles are more from here The manufacturing cost is very high and the basic core brand is very high.
The brand of this company is Titan Fast Track. We all must have heard that its margin is 18.4% which is very good. So the more stores they open, the more they will earn because it has a good margin and it will also help the company and this is what the company is doing. The company already has 858 retail stores and now they have added more in this quarter and opened the first international store in Dubai.
So everything is fantastic but one challenge that is coming here is inflation because the cost of production. When inflation comes under control, their margins will become very good again. Four segments come in pregnancy fashion accessories. Now when it comes to typing, it is not such a big business.
Typing is also a very small business for them in comparison to Honest Titan. So they send their perfumes through the brand name of Skin. These are perfumes which are from France. Secondly, theirs is a very interesting venture. Basically, it is a century and its response is very good, meaning its growth is 150%.
Earn on your hand, this is a new business, so its growth is triple in digital, so it's okay, but the response is good. It got a very good response in the specific hit festival season. This brand is giving them 1% revenue, which is a big thing. If you see, this brand is so recent. After that, their stock was on, now it has reached 36, they are also covering 17 cities, so it's looking good and they are aggressive.
And if I talk about these by Earth, which are bags and bags, they are coming in this sub-section, where you will see the entire journey in typing. You come directly to their quarterly results, friends. Now, as you are seeing the courses, their net profit in December 2021 was 12 crores and now their net profit is 913 crores.
Net profit has fallen by 10-12% from income wood. Why has it fallen? Why is it falling? Why is it falling? Because of inflation, so the situation is difficult, but it's science. The situation will come under control, everything should be fine, let's see the valuation of this city, okay, what will I do with the value, I will see its current PA, I will see the three-year and five-year period of the city, its valuation should be as much as these three figures are, okay [praise] 72, this means its valuation is also decent, here is the graph, see the stock, sir, it is down by 10% all the time, but it has formed a very strong support, so bank title can be a very victorious decision, but take the goal after your own research, so just to help you, if you need any other stocks here, tell us by commenting, you know, Coal On channel will make a video for you, subject to market risk, red all the related documents, carefully before and vesting
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