Titan Bio-Tech Ltd - Stock Valuation and Financial Performance

BSE: 524717 | NSE: | Chemicals | Small Cap

Titan Bio-Tech Share Price

473.85 1.00 0.21%
as on 19-Mar'24 16:53

DeciZen - make an informed investing decision on Titan Bio-Tech

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Titan Bio-Tech stock performance -

mw4me loader
P/E Ratio (SA):
16.65
Market Cap:
390.8 Cr.
52-wk low:
193.1
52-wk high:
618

Is Titan Bio-Tech Ltd an attractive stock to invest in?

1. Is Titan Bio-Tech Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Titan Bio-Tech Ltd is a average quality company.

2. Is Titan Bio-Tech Ltd undervalued or overvalued?

The key valuation ratios of Titan Bio-Tech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Titan Bio-Tech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Titan Bio-Tech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Titan Bio-Tech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Titan Bio-Tech Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.2%9.4%8.1%8.4%8%8.1%12.6%45.4%26.5%20.8%-
Value Creation
Index
-0.4-0.3-0.4-0.4-0.4-0.4-0.12.30.90.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 39.140.345.652.555.558.269.5122124144161
Sales YoY Gr.-3%13.1%15%5.9%4.9%19.3%76.3%0.9%16.6%-
Adj EPS 2.22.22.22.92.83.36.734.726.225.428.4
YoY Gr.--3.1%3.2%31.4%-6.1%18.9%105.2%416.4%-24.3%-3.2%-
BVPS (₹) 21.826.527.829.931.438.345.879.7104.4128.4149.4
Adj Net
Profit
1.61.71.72.32.12.75.528.621.72123
Cash Flow from Ops. -0.4-1.84.901.66.26.917.62221.2-
Debt/CF from Ops. -15.8-4.32.3-579.616.33.52.60.50.30.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.6%21%27.5%16.6%
Adj EPS 31%56%55.9%-3.2%
BVPS21.8%32.6%41%23%
Share Price 38.7% 58.7% 37% 127.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.69.38.210.299.71655.328.521.820.4
Op. Profit
Mgn %
8.19.88.810.511.912.915.734.225.320.521.1
Net Profit
Mgn %
44.13.84.33.84.6823.417.614.614.6
Debt to
Equity
0.50.40.5110.70.50.10.10.1-
Working Cap
Days
11015415514717519218515018917581
Cash Conv.
Cycle
7611511411114015614710212512257

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.50%

Net Profit is growing at healthy rate in last 3 years 55.85%

Sales growth is good in last 4 quarters at 18.30%

Return on Equity has declined versus last 3 years average to 20.40%

Latest Financials - Titan Bio-Tech Ltd.

Standalone Consolidated
TTM EPS (₹) 28.4 30
TTM Sales (₹ Cr.) 161 161
BVPS (₹.) 149.4 155.5
Reserves (₹ Cr.) 115 120
P/BV 3.17 3.04
PE 16.65 15.75
From the Market
52 Week Low / High (₹) 193.10 / 618.00
All Time Low / High (₹) 1.05 / 618.00
Market Cap (₹ Cr.) 391
Equity (₹ Cr.) 8.3
Face Value (₹) 10
Industry PE 46.7

Management X-Ray of Titan Bio-Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Titan Bio-Tech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales39404652565869122124144
Operating Expenses 363642474951598192114
Manufacturing Costs4557778151316
Material Costs26253033313136495870
Employee Cost 2333689111418
Other Costs 33445556710
Operating Profit 34467711423130
Operating Profit Margin (%) 8.1%9.6%8.7%10.5%11.9%12.8%15.7%34.2%25.3%20.5%
Other Income 0000010112
Interest 0111222111
Depreciation 1111122223
Exceptional Items 0000001000
Profit Before Tax 2233448392928
Tax 11111121077
Profit After Tax 1222236292221
PAT Margin (%) 3.8%4.0%3.8%4.5%4.3%5.3%8.9%23.5%17.6%14.6%
Adjusted EPS (₹)2.12.12.23.03.13.77.534.826.225.4
Dividend Payout Ratio (%)35%36%34%25%24%0%13%4%6%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 152021232432386686106
Share Capital 7888888888
Reserves 8131415172330587898
Minority Interest0000000000
Debt781122252117866
Long Term Debt4241517128210
Short Term Debt3677798656
Trade Payables1121124346
Others Liabilities 4444668201920
Total Liabilities 2834395056616796115138

Fixed Assets

Gross Block16161718193435394952
Accumulated Depreciation56678810121417
Net Fixed Assets11111011112625273536
CWIP 015913000413
Investments 00111111412
Inventories7111114172024273536
Trade Receivables66668811161621
Cash Equivalents 2034122575
Others Assets2444444191515
Total Assets 2834395056616796115138

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-250267182221
PBT 2233448392928
Adjustment 1222344444
Changes in Working Capital -3-51-5-5-1-4-15-3-3
Tax Paid -1-1-1-1-1-1-2-10-7-7
Cash Flow From Investing Activity -2-3-5-7-5-4-1-4-16-21
Capex -2-2-40-5-4-1-4-14-13
Net Investments 00-1-60000-3-8
Others 0-100000000
Cash Flow From Financing Activity 23280-2-6-10-4-2
Net Proceeds from Shares 0400040000
Net Proceeds from Borrowing 314113-5-4-7-1-1
Interest Paid 0-1-1-1-2-2-2-1-1-1
Dividend Paid -1-1-1-1-100-1-1-1
Others 0000020-1-10
Net Cash Flow 0-222-31042-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.029.128.2110.4710.1311.0117.8555.5328.5221.86
ROCE (%)13.0313.6311.9512.7112.9212.518.6361.6335.4827.9
Asset Turnover Ratio1.631.381.351.251.0611.091.511.171.14
PAT to CFO Conversion(x)0-12.50121.170.6211
Working Capital Days
Receivable Days36524639465048404847
Inventory Days55778283102116116769190
Payable Days21211916131928232225

Titan Bio-Tech Ltd Stock News

Titan Bio-Tech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Titan Bio-Tech on 19-Mar-2024 16:53 is ₹473.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 16:53 the market cap of Titan Bio-Tech stood at ₹390.8.
The latest P/E ratio of Titan Bio-Tech as of 19-Mar-2024 16:53 is 16.65.
The latest P/B ratio of Titan Bio-Tech as of 19-Mar-2024 16:53 is 3.17.
The 52-week high of Titan Bio-Tech is ₹618.0 and the 52-week low is ₹193.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Titan Bio-Tech is ₹161.0 ( Cr.) .

About Titan Bio-Tech Ltd

Titan Biotech was established in 1992 with an objective of serving the scientific community and mankind by way of providing good quality of biological products i.e. protein hydrolysis, peptones and their derivatives, extracts, dehydrated microbiological culture media, plant tissue culture media and laboratory chemicals.

All the biological products are basically conducive to the growth of microorganisms and their primary use is in the development and growth of microorganisms in clinical diagnosis, production of vaccines, antibiotics and antisera, antimicrobial susceptibility testing to antibiotics, checking the bacterial contamination in food & water samples in departments of microbiology and relevant fields of science in medical colleges/universities/industries and tissue culture laboratories.

The company has developed more than 1700 Dehydrated Culture Media, Media Bases, and special type of Peptones and Hydrolysates for vaccine production and other uses. Titan uses the basic raw material i.e. Meet, Bile, Liver Blood, Brain, Heart and other parts of the animals in its process procured from the slaughter houses and other vegetable products like soya and casein, etc. converting them into free flowing powder to produce peptones, extracts and hydrolysates which are further used in manufacturing of dehydrated culture media and as raw material in pharmaceutical, health products and other Industries.

Recently it has introduced a wide range of chromomeric / fluorogenic culture media that does not require any further identification tests. This time they are introducing a range of vegetable culture media, which are animal free and possess equivalent growth characteristics to the Culture media that use animal peptones.

Besides these biological products, it also has a range of laboratory chemicals, analytical reagents, stains and indicators and Readymade stain kits. These materials are used in laboratories to carry out various tests and research work.

The company also manufactures wide range of plant growth promotor and its various basic ingredients, hormones, minerals and vitamins premixes as well as amino acid in liquid, powder and granular forms. Itd product Aminofert has become very popular among the users. The basic raw materials of this product are mixtures of amino acids, minerals and vitamins. It gives complete nourishment and helps in growth and productivity.

Product range of the company includes:

Culture Media & Supplements 

  • Biological Media Bases + TBL Agroses 
  • Redymade Liquid Media In Sterile Glass Bottle 
  • Readymade Sterile Liqiud Media in Glass Bottle 
  • Media Supplements 
  • Dehydrated Culture Media 
  • Sterile Media (Gamma Radiations)  

Plant Tissue Culture 

  • Plant Tissue Culture Media 
  • Plant Growth Improver 

Lab Chemicals & Reagents 

  • Stains and Indicators Solutions 
  • Readymade Stains Kit 
  • Readymade Analytical Reagents 
  • Laboratory Chemicals & Reagents 
  • Laboratory Disposables 
  • Lab Chemicals in Bulk 

Bulk Products 

  • Pharma and Healthcare Products 
  • Agro Products 
  • Animal Feed Products 
  • Amino Acids in Bulk Packs 

Achievements/ recognition:

  • ISO 9001:2000 certified company
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