Hello Sir,

Hope you are doing well.

We have always enjoyed digging up really small companies in the market cap range of Rs 20 crore to Rs 500 crore. Earlier, we could even recommend a Rs 100 crore market cap stock to our Premium Members; however, now it's almost impossible considering liquidity issues.


Nevertheless, it's always good to read about such companies and an individual investor can always look for potential investment opportunities

So, for sometime, Titan Biotech has been under our radar because of its extremely good financial performance history. In FY 21 and FY 22 it did get a boost to its earnings from the sale of Covid-19 related products to diagnostic labs; however Q1 FY 23 included minuscule contribution from the same. Going forward it will be interesting to see how the company performs.

Source: Titan Biotech AR 22


Below, we have shared our notes (unedited) from the Annual Report 2022 and AGM 2022 of the company. Hope you find the details useful in your search of investment opportunities


[Before that]: Recently we released a New Stock Recommendation for our Premium Members. It's a leading Pharmaceutical company with global leadership in its product segment, net debt free and available at just around 11.5 times FY 23 (E) earnings. Can read about the company HERE

You too can get it along with other recommendations, by subscribing HERE


Titan Biotech - Notes from AR 2022 and AGM 2022

- Titan biotech limited is one of the leading manufacturers & exporters of the biological products used in the field of pharmaceutical, nutraceutical, food & beverages, biotechnology & fermentation, cosmetic, veterinary & animal feed, agriculture industries, microbiology culture media & plant tissue culture media etc.

- The Company is engaged in manufacture and export of Prepared Culture Media, Biological Goods, Plant Growth Promoters etc. The Company is manufacturing Peptones, Biological Extracts, Culture Media and Chemicals.

- The Company has developed its own technology for achieving high yield in Biological Peptones and Extract and Dehydrated Culture Media with special emphasis on process improvement.

Source: Titan Biotech AR 22


- Total sales in FY 22 included Rs 10.82 crore from the Covid related products and more particularly VTM kits. Covid related sales was Rs 34.91 crore in FY 21.

- Company's products used as ingredients in the healthcare, food, pharma, Diagnostics and animal feed Industries.

- Peptone is a wide term which includes different kinds of peptides used in different industries for fermentation, Health, Nutrition, animal feed and for making different kind of culture media for growth of microorganisms.

- The Peptones are partly used by the company for making the culture media in-house and partly for direct sales to the industries.

- The existing capacity of the company is approximately 3,500 tons a year and likely to go to 5,000 tons with the additional capex. The estimated capex can be more than Rs 15 crore over the next few years.

- The status of M/s Peptech Biosciences Limited has changed from subsidiary to associate Company from w.e.f 16th Feb 2022. Extent of holding in Peptech Biosciences - 36.87%





Disclaimer: This is not a recommendation to buy/sell Titan Biotech. These notes are as announced by the companies on exchanges and only for the purpose of information and education.


Best Regards,

Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.com/


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Name: Ekansh Mittal     Email Id: [email protected]    Ph: +91 727 5050062

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