Titan Biotech Ltd

Titan Biotech Ltd

₹ 532 -0.51%
12 Apr 4:01 p.m.
About

Incorporated in 1992, Titan Biotech
Ltd manufacturer and exporter of
the Biological products[1]

Key Points

Business Overview:[1]
TBL is an ISO 9001:2008 Certified & cGMP facilitated manufacturer & exporter of biological products used in the fields of Pharmaceutical, Nutraceutical, Food & Beverages, Biotechnology & Fermentation, Cosmetic, Veterinary & Animal
Feed, Agriculture Industries, Microbiology Culture Media & Plant Tissue Culture Media,
etc.

  • Market Cap 439 Cr.
  • Current Price 532
  • High / Low 618 / 214
  • Stock P/E 18.7
  • Book Value 140
  • Dividend Yield 0.32 %
  • ROCE 27.5 %
  • ROE 21.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 54.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.0%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
30.97 29.41 32.82 29.66 28.97 31.09 35.00 41.83 30.33 36.84 34.75 43.43 45.98
21.85 23.21 21.79 22.89 22.49 24.09 26.93 31.35 26.19 30.00 26.86 34.71 35.38
Operating Profit 9.12 6.20 11.03 6.77 6.48 7.00 8.07 10.48 4.14 6.84 7.89 8.72 10.60
OPM % 29.45% 21.08% 33.61% 22.83% 22.37% 22.52% 23.06% 25.05% 13.65% 18.57% 22.71% 20.08% 23.05%
0.14 -0.21 0.12 0.25 0.19 0.38 0.32 0.86 0.28 0.49 0.28 0.55 0.44
Interest 0.26 0.40 0.24 0.19 0.18 0.27 0.18 0.17 0.14 0.26 0.29 0.28 0.26
Depreciation 0.45 0.77 0.55 0.55 0.57 0.69 0.60 0.64 0.65 0.71 0.80 0.86 0.83
Profit before tax 8.55 4.82 10.36 6.28 5.92 6.42 7.61 10.53 3.63 6.36 7.08 8.13 9.95
Tax % 25.15% 29.88% 28.19% 20.06% 25.17% 25.08% 24.05% 24.98% 25.62% 26.89% 23.73% 25.71% 25.63%
6.41 3.38 7.44 5.01 4.43 4.80 5.78 7.90 2.70 4.64 5.41 6.03 7.38
EPS in Rs 7.76 4.09 9.00 6.06 5.36 5.81 6.99 9.56 3.27 5.61 6.55 7.30 8.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
23 27 39 40 46 52 56 58 69 122 124 144 161
20 24 36 36 42 47 49 51 59 81 92 114 127
Operating Profit 2 3 3 4 4 6 7 8 11 42 31 30 34
OPM % 10% 10% 8% 10% 9% 10% 12% 13% 16% 34% 25% 21% 21%
0 0 0 0 0 0 0 1 1 0 1 2 2
Interest 0 1 0 1 1 1 2 2 2 1 1 1 1
Depreciation 0 0 1 1 1 1 1 2 2 2 2 3 3
Profit before tax 2 2 2 2 3 3 4 4 8 39 29 28 32
Tax % 33% 34% 33% 33% 33% 33% 36% 29% 25% 26% 25% 25%
1 1 1 2 2 2 2 3 6 29 22 21 23
EPS in Rs 1.76 1.86 2.12 2.11 2.22 3.02 3.10 3.73 7.50 34.81 26.24 25.44 28.39
Dividend Payout % 0% 40% 35% 36% 34% 25% 24% 0% 13% 4% 6% 7%
Compounded Sales Growth
10 Years: 18%
5 Years: 21%
3 Years: 28%
TTM: 16%
Compounded Profit Growth
10 Years: 31%
5 Years: 54%
3 Years: 54%
TTM: 11%
Stock Price CAGR
10 Years: 40%
5 Years: 62%
3 Years: 35%
1 Year: 143%
Return on Equity
10 Years: 23%
5 Years: 28%
3 Years: 32%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 8 8 8 8 8 8 8 8 8 8
Reserves 7 7 8 13 14 15 17 23 30 58 78 98 108
2 4 7 8 11 22 25 22 18 10 9 9 9
6 4 6 5 6 5 5 6 10 10 13 16 18
Total Liabilities 22 22 28 34 39 50 55 60 65 86 108 131 143
4 4 11 11 10 11 11 26 25 27 35 36 44
CWIP 6 7 0 1 5 9 13 0 0 0 4 13 9
Investments 0 0 0 0 1 1 1 1 1 1 4 12 12
12 12 17 21 23 29 29 33 39 58 65 70 77
Total Assets 22 22 28 34 39 50 55 60 65 86 108 131 143

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 1 -0 -2 5 -0 2 6 7 18 22 21
-3 -1 -2 -3 -5 -7 -5 -4 -1 -4 -16 -21
2 1 2 3 2 8 0 -2 -6 -10 -4 -2
Net Cash Flow 0 2 -0 -2 2 2 -3 1 0 4 2 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 59 35 52 58 46 44 53 49 55 48 48 53
Inventory Days 135 112 97 134 118 155 202 238 244 177 206 179
Days Payable 114 31 21 17 18 13 12 25 36 18 25 27
Cash Conversion Cycle 80 116 128 175 145 186 243 262 263 207 230 205
Working Capital Days 85 76 86 144 115 137 158 157 149 107 138 127
ROCE % 15% 16% 14% 14% 12% 13% 13% 13% 18% 61% 35% 28%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.88% 55.88% 55.88% 55.88% 55.88% 55.87% 55.87% 55.87% 55.87% 55.87% 55.87% 55.87%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.23%
44.12% 44.12% 44.12% 44.12% 44.12% 44.11% 44.11% 44.12% 44.13% 44.13% 44.12% 43.90%
No. of Shareholders 15,26320,84119,68020,09720,23120,26418,86618,75218,10617,45515,75615,876

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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