TTK Prestige Ltd, founded in 1955 by T.T. Krishnamachari, is a leading Indian company specializing in kitchen appliances and cookware. Originally known as TT Private Limited, the company rebranded as TTK Prestige in 1994. It is renowned for its wide range of products, including pressure cookers, gas stoves, non-stick cookware, and other kitchen essentials. Over the years, TTK Prestige has grown into a household name, known for innovation, quality, and customer satisfaction, cementing its position as a market leader in India’s kitchen solutions industry.
About TTK Prestige Ltd
TTK Prestige Ltd is best known for its pressure cookers but offers a wide range of kitchen appliances including cooktops, cookware, mixer grinders, and vacuum cleaners. The company has a history of innovative marketing, such as distributing pamphlets by helicopter in the 1950s and launching exchange schemes to attract customers. TTK Prestige has received numerous awards, including the Power Brand Award and recognition for its excellent customer service and after-sale support, underscoring its commitment to innovation and quality in the kitchen appliance industry.
Latest News on TTK Prestige Ltd
TTK Prestige has announced a board meeting on October 30, 2024, to review and approve its unaudited financial results for Q2 and the half-year ending September 30, 2024. Additionally, the company recently concluded its first-ever share buyback, purchasing shares at ₹1,200 each, at a 19% premium over its recent stock price. This buyback, valued at ₹200 crore, represented about 9.88% of its total equity capital, highlighting TTK Prestige’s commitment to returning value to its shareholders
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 70.41% | 70.41% | 70.41% | 70.41% | 70.41% |
| FIIs + | 7.93% | 8.00% | 6.72% | 6.80% | 7.40% |
| DIIs + | 13.66% | 13.42% | 14.61% | 14.66% | 14.09% |
| Public + | 8.00% | 8.17% | 8.24% | 8.11% | 8.09% |
| No. of Shareholders | 1,01,917 | 1,00,432 | 96,651 | 94,370 | 93,211 |
TTK Prestige’s shareholding pattern reflects stability in promoter ownership, consistently holding a significant 70.41% stake from June 2023 to June 2024. FIIs experienced minor fluctuations, beginning with a 7.93% share in June 2023 and rising to 8.00% in September before settling at 7.40% by June 2024. DIIs held a noteworthy share, peaking at 14.66% in March 2024, while public shareholding remained stable, around 8%. Interestingly, the number of shareholders steadily declined over the year, from 101,917 in June 2023 to 93,211 in June 2024. This suggests growing institutional confidence but a slight reduction in retail investors.
Below are the trading platforms that you can use to purchase TTK Prestige Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 930.75 | 809.35 |
| November 2024 | 967.98 | 841.73 |
| December 2024 | 977.66 | 850.14 |
In October 2024, TTK Prestige Ltd is expected to have a maximum price of ₹930.75 and a minimum price of ₹809.35. Moving into November 2024, the company is expected to reach a maximum price of ₹967.98, with a minimum price of ₹841.73. Finally, in December 2024, TTK Prestige Ltd is projected to achieve a maximum price of ₹977.66, alongside a minimum price of ₹850.14.
| When | Maximum Price | Minimum Price |
| January 2025 | 987.44 | 759.57 |
| February 2025 | 997.41 | 767.24 |
| March 2025 | 1,018.36 | 783.35 |
| April 2025 | 1,008.28 | 775.60 |
| May 2025 | 978.91 | 753.01 |
| June 2025 | 1,022.96 | 786.89 |
| July 2025 | 1,002.90 | 771.46 |
| August 2025 | 1,033.92 | 795.32 |
| September 2025 | 1,046.33 | 804.87 |
| October 2025 | 1,073.53 | 825.79 |
| November 2025 | 1,100.37 | 846.44 |
| December 2025 | 1,149.89 | 884.53 |
As we move into January 2025, TTK Prestige Ltd is expected to reach a maximum price of ₹987.44 and a minimum price of ₹759.57. In February 2025, the company is anticipated to have a maximum price of ₹997.41, with a minimum of ₹767.24. By March 2025, TTK Prestige Ltd is expected to achieve a maximum price of ₹1,018.36 and a minimum of ₹783.35. As we progress through the year, the maximum price in December 2025 is projected to be ₹1,149.89, while the minimum price is expected to be ₹884.53.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,184.38 | 911.06 |
| February 2026 | 1,154.77 | 888.29 |
| March 2026 | 1,177.87 | 906.05 |
| April 2026 | 1,201.91 | 924.54 |
| May 2026 | 1,190.01 | 915.39 |
| June 2026 | 1,219.76 | 938.28 |
| July 2026 | 1,195.84 | 919.88 |
| August 2026 | 1,232.83 | 948.33 |
| September 2026 | 1,257.48 | 967.29 |
| October 2026 | 1,290.18 | 992.44 |
| November 2026 | 1,322.43 | 1,017.26 |
| December 2026 | 1,355.49 | 1,042.69 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,369.05 | 1,053.11 |
| February 2027 | 1,404.15 | 1,080.12 |
| March 2027 | 1,458.91 | 1,122.24 |
| April 2027 | 1,430.31 | 1,100.24 |
| May 2027 | 1,388.65 | 1,068.19 |
| June 2027 | 1,451.14 | 1,116.26 |
| July 2027 | 1,422.68 | 1,094.37 |
| August 2027 | 1,466.68 | 1,128.22 |
| September 2027 | 1,518.02 | 1,167.71 |
| October 2027 | 1,557.49 | 1,198.07 |
| November 2027 | 1,596.42 | 1,228.02 |
| December 2027 | 1,636.33 | 1,258.72 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,669.06 | 1,283.89 |
| February 2028 | 1,711.86 | 1,316.81 |
| March 2028 | 1,778.62 | 1,368.17 |
| April 2028 | 1,743.74 | 1,341.34 |
| May 2028 | 1,692.96 | 1,302.27 |
| June 2028 | 1,769.14 | 1,360.88 |
| July 2028 | 1,734.45 | 1,334.19 |
| August 2028 | 1,788.09 | 1,375.46 |
| September 2028 | 1,850.68 | 1,423.60 |
| October 2028 | 1,898.79 | 1,460.61 |
| November 2028 | 1,946.26 | 1,497.13 |
| December 2028 | 1,994.92 | 1,534.55 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,034.82 | 1,565.24 |
| February 2029 | 2,086.99 | 1,605.38 |
| March 2029 | 2,168.39 | 1,667.99 |
| April 2029 | 2,125.87 | 1,635.28 |
| May 2029 | 2,063.95 | 1,587.65 |
| June 2029 | 2,156.83 | 1,659.10 |
| July 2029 | 2,114.54 | 1,626.57 |
| August 2029 | 2,179.93 | 1,676.87 |
| September 2029 | 2,256.23 | 1,735.56 |
| October 2029 | 2,314.89 | 1,780.69 |
| November 2029 | 2,372.77 | 1,825.21 |
| December 2029 | 2,432.09 | 1,870.84 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,480.73 | 1,908.25 |
| February 2030 | 2,544.34 | 1,957.18 |
| March 2030 | 2,643.57 | 2,033.51 |
| April 2030 | 2,591.73 | 1,993.64 |
| May 2030 | 2,516.24 | 1,935.57 |
| June 2030 | 2,629.47 | 2,022.67 |
| July 2030 | 2,577.92 | 1,983.01 |
| August 2030 | 2,657.65 | 2,044.34 |
| September 2030 | 2,750.66 | 2,115.89 |
| October 2030 | 2,822.18 | 2,170.91 |
| November 2030 | 2,892.73 | 2,225.18 |
| December 2030 | 2,965.05 | 2,280.81 |
As we step into January 2030, TTK Prestige Ltd is expected to achieve a maximum price of ₹2,480.73 and a minimum price of ₹1,908.25. Moving into February 2030, the company is projected to reach a maximum of ₹2,544.34 and a minimum of ₹1,957.18. By December 2030, TTK Prestige Ltd is anticipated to have a maximum price of ₹2,965.05, with a minimum price expected to be ₹2,280.81. This trend indicates positive growth for the company throughout the year.
Financial Condition of TTK Prestige: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,073 | 2,194 | 2,722 | 2,777 | 2,678 | 2,678 |
| Expenses + | 1,807 | 1,872 | 2,296 | 2,416 | 2,373 | 2,381 |
| Operating Profit | 266 | 322 | 427 | 361 | 305 | 297 |
| OPM % | 13% | 15% | 16% | 13% | 11% | 11% |
| Other Income + | 13 | 41 | 35 | 46 | 75 | 76 |
| Interest | 8 | 6 | 7 | 10 | 14 | 14 |
| Depreciation | 37 | 40 | 44 | 53 | 64 | 67 |
| Profit before tax | 234 | 317 | 411 | 343 | 301 | 292 |
| Tax % | 21% | 25% | 26% | 26% | 25% | |
| Net Profit + | 185 | 237 | 305 | 253 | 225 | 219 |
| EPS in Rs | 13.39 | 17.08 | 21.99 | 18.34 | 16.48 | 16.04 |
| Dividend Payout % | 15% | 29% | 27% | 33% | 36% |
TTK Prestige Ltd has demonstrated a solid financial performance over the years, even as it navigates some challenges in the market. In the fiscal year ending March 2024, the company reported total sales of ₹2,678 crore, a decrease from ₹2,777 crore in the previous year. This slight decline is primarily due to increased operational expenses, which rose to ₹2,373 crore. Consequently, the operating profit margin (OPM) fell to 11% from the previous year’s 13%.
Despite these pressures, TTK Prestige maintained a net profit of ₹225 crore, leading to an earnings per share (EPS) of ₹16.48. This performance indicates the company’s ability to sustain profitability amidst fluctuating sales figures. Importantly, TTK Prestige has adopted a progressive stance toward shareholder returns, increasing its dividend payout ratio to 36%, up from 33% in the prior year. This reflects the company’s commitment to enhancing shareholder value while managing its operational challenges.
In terms of financial metrics, the company’s operating profit stood at ₹305 crore, indicating a decline from ₹361 crore in the previous year. The increase in expenses, particularly in areas such as depreciation and interest, has put pressure on profitability. Depreciation expenses rose to ₹64 crore, highlighting the company’s ongoing investment in maintaining and upgrading its production facilities. Additionally, interest expenses increased to ₹14 crore, reflecting potential shifts in financing strategies or borrowing costs.
Overall, TTK Prestige Ltd remains focused on innovation and efficiency as it navigates a competitive landscape. The company’s long-standing reputation for quality kitchen appliances continues to serve as a cornerstone of its brand identity, ensuring its relevance in the evolving market. By prioritizing shareholder returns and maintaining profitability, TTK Prestige is well-positioned to leverage future growth opportunities, making it a noteworthy player in the kitchen appliance sector.
FAQs
What is the current market capitalization of TTK Prestige?
TTK Prestige’s current market capitalization stands at a Strong ₹12,203 crore.
As of 09th October the share price of TTK Prestige Ltd is priced at ₹885, reflecting market confidence and potential.
TTK Prestige Ltd ‘s share price targets for 2025 range from a promising ₹753.01 to an optimistic ₹1,149.89, indicating strong potential for growth and investor interest throughout the year.
TTK Prestige Ltd ‘s share price is projected to soar from ₹1,908.25 to ₹2,965.05 in 2030, suggesting substantial growth opportunities and market optimism.
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Conclusion
In conclusion, TTK Prestige Ltd stands as a prominent player in the kitchen appliance industry, known for its commitment to innovation, quality, and customer satisfaction since its founding in 1955. Despite facing some challenges, the company has maintained a strong financial performance over the years, with a robust sales record and stable profit margins. The recent share buyback initiative reflects TTK Prestige’s dedication to enhancing shareholder value. Looking ahead, the share price predictions suggest a positive growth trajectory from 2024 to 2030, indicating investor confidence in the company’s future potential. Overall, TTK Prestige Ltd continues to solidify its position as a market leader while adapting to the evolving demands of consumers.
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