Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,960Cr
Rev Gr TTM
Revenue Growth TTM
19.44%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

TITANBIO
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 11.8 | -0.7 | 3.8 | 51.6 | 8.4 | 24.1 | -8.2 | -16.8 | -11.9 | 7.9 | 36.3 | 47.6 |
| 30 | 27 | 35 | 35 | 33 | 35 | 32 | 33 | 31 | 38 | 45 | 46 |
Operating Profit Operating ProfitCr |
| 18.5 | 22.7 | 20.1 | 23.1 | 17.7 | 19.1 | 19.4 | 12.7 | 13.0 | 18.8 | 17.1 | 19.2 |
Other Income Other IncomeCr | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 1 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 6 | 7 | 8 | 10 | 6 | 8 | 7 | 5 | 5 | 8 | 9 | 11 |
| 2 | 2 | 2 | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 3 |
|
Growth YoY PAT Growth YoY% | -9.9 | -6.4 | -23.7 | 173.3 | 4.3 | 5.4 | -17.1 | -48.5 | -22.1 | 8.1 | 37.2 | 107.1 |
| 12.6 | 15.6 | 13.9 | 16.1 | 12.1 | 13.2 | 12.5 | 9.9 | 10.7 | 13.3 | 12.6 | 13.9 |
| 1.2 | 1.5 | 1.6 | 1.7 | 1.2 | 1.6 | 1.6 | 1.1 | 1.0 | 1.7 | 1.9 | 2.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 13.5 | 15.2 | 8.8 | 13.1 | 22.4 | 79.0 | -13.1 | 16.6 | 13.9 | -4.7 | 23.1 |
| 36 | 42 | 47 | 50 | 56 | 66 | 96 | 92 | 114 | 130 | 131 | 159 |
Operating Profit Operating ProfitCr |
| 9.6 | 8.4 | 10.2 | 12.2 | 13.7 | 17.0 | 32.4 | 25.3 | 20.5 | 20.9 | 16.3 | 17.4 |
Other Income Other IncomeCr | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 1 | 2 | 2 | 4 | 5 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 4 |
| 2 | 3 | 3 | 4 | 6 | 10 | 43 | 29 | 28 | 32 | 24 | 33 |
| 1 | 1 | 1 | 1 | 2 | 3 | 11 | 7 | 7 | 8 | 6 | 8 |
|
| | 8.3 | 23.3 | 22.3 | 46.6 | 100.3 | 304.5 | -31.6 | -3.0 | 12.6 | -22.8 | 35.0 |
| 4.0 | 3.9 | 4.1 | 4.7 | 6.0 | 9.9 | 22.3 | 17.6 | 14.6 | 14.4 | 11.7 | 12.8 |
| 2.1 | 0.5 | 0.6 | 0.7 | 0.8 | 1.7 | 7.3 | 6.1 | 6.0 | 6.0 | 5.2 | 6.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| 13 | 14 | 15 | 17 | 24 | 31 | 60 | 78 | 102 | 125 | 145 | 158 |
Current Liabilities Current LiabilitiesCr | 10 | 13 | 12 | 11 | 16 | 20 | 19 | 17 | 20 | 20 | 18 | 32 |
Non Current Liabilities Non Current LiabilitiesCr | 3 | 5 | 16 | 20 | 15 | 14 | 9 | 5 | 4 | 4 | 4 | 4 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 21 | 24 | 30 | 29 | 35 | 44 | 59 | 64 | 68 | 73 | 79 | 90 |
Non Current Assets Non Current AssetsCr | 12 | 16 | 23 | 28 | 30 | 32 | 42 | 44 | 66 | 84 | 96 | 113 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -2 | 5 | 0 | 2 | 5 | 6 | 19 | 22 | 21 | 21 | 20 |
Investing Cash Flow Investing Cash FlowCr | -3 | -5 | -8 | -6 | -4 | -2 | -5 | -16 | -21 | -20 | -10 |
Financing Cash Flow Financing Cash FlowCr | 3 | 2 | 9 | 0 | 0 | -4 | -11 | -4 | -2 | -3 | -8 |
|
Free Cash Flow Free Cash FlowCr | -3 | 0 | -7 | -4 | 1 | 8 | 16 | 16 | 18 | 2 | 11 |
| -110.3 | 271.2 | 6.1 | 71.1 | 139.7 | 78.0 | 60.2 | 101.6 | 100.7 | 89.4 | 110.1 |
CFO To EBITDA CFO To EBITDA% | -46.4 | 124.2 | 2.5 | 27.2 | 61.7 | 45.4 | 41.4 | 70.5 | 71.7 | 61.7 | 79.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 23 | 27 | 36 | 49 | 37 | 35 | 153 | 217 | 163 | 436 | 348 |
Price To Earnings Price To Earnings | 13.9 | 15.3 | 16.4 | 19.1 | 10.6 | 5.0 | 5.0 | 10.0 | 6.5 | 17.6 | 16.2 |
Price To Sales Price To Sales | 0.6 | 0.6 | 0.7 | 0.8 | 0.6 | 0.4 | 1.1 | 1.8 | 1.1 | 2.7 | 2.2 |
Price To Book Price To Book | 1.1 | 1.3 | 1.6 | 2.0 | 1.2 | 0.9 | 2.2 | 2.5 | 1.5 | 3.3 | 2.3 |
| 7.7 | 9.1 | 10.1 | 10.4 | 6.5 | 4.2 | 3.5 | 7.0 | 5.6 | 12.9 | 13.6 |
Profitability Ratios Profitability Ratios |
| 25.4 | 25.8 | 37.8 | 44.6 | 49.6 | 50.5 | 54.6 | 52.3 | 51.5 | 53.9 | 53.6 |
| 9.6 | 8.4 | 10.2 | 12.2 | 13.7 | 17.0 | 32.4 | 25.3 | 20.5 | 20.9 | 16.3 |
| 4.0 | 3.9 | 4.1 | 4.7 | 6.0 | 9.9 | 22.3 | 17.6 | 14.6 | 14.4 | 11.7 |
| 12.2 | 11.1 | 10.6 | 13.2 | 14.2 | 20.5 | 53.1 | 31.4 | 24.4 | 23.1 | 16.1 |
| 8.0 | 8.2 | 9.5 | 10.9 | 12.2 | 20.0 | 46.1 | 25.1 | 19.1 | 17.7 | 11.9 |
| 4.9 | 4.4 | 4.2 | 4.7 | 6.0 | 10.3 | 31.5 | 20.1 | 15.6 | 15.1 | 10.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
This comprehensive investor profile synthesizes the operational, strategic, and financial data for **Titan Biotech Limited**, a prominent player in the Indian biotechnology landscape.
### Diversified Product Ecosystem and Industry Applications
Titan Biotech Limited (operating under the brand **TM Media**) is a leading Indian manufacturer and exporter of biological products. The company specializes in high-growth biotechnology segments, focusing on fermentation and protein-based ingredients. Its portfolio serves a global market valued at **USD 5.46 Billion** in **2024**, with a projected **CAGR of 8.82%**.
The company’s core offerings include:
* **Biological Extracts:** Peptones, Protein Hydrolysates, Yeast Extract, Malt Extract, Liver Extract, and Bile Extract.
* **Microbiology & Diagnostics:** Dehydrated Culture Media, Prepared/Ready-to-Use (RTU) Culture Media (including **Petri dishes**), Chromogenic Media, Supplements, and Antibiotic Discs.
* **Agriculture:** Plant Growth Promoters, Bio-Fertilizers, Bio-pesticides, and Soil Nutrition ingredients.
* **Other Segments:** Laboratory Chemicals, Plant Tissue Culture Media, and Food Additives (**FSSAI certified**).
**Primary Industry Verticals:**
* **Clinical Microbiology:** Pathogen identification in hospitals and diagnostic laboratories.
* **Industrial Microbiology:** Quality control in **Pharmaceuticals, Food & Beverages, and Biotechnology**.
* **Research & Academia:** Studies in microbial diversity and **Environmental Biotechnology**.
---
### Manufacturing Infrastructure and Operational Efficiency
The company operates **three** specialized manufacturing units located in the RIICO Industrial Area, Rajasthan. Titan Biotech emphasizes resource optimization to maintain cost competitiveness and minimize environmental impact.
| Facility | Location | Focus Area |
| :--- | :--- | :--- |
| **Plant I** | A-902 A, Phase-III, Bhiwadi | Registered Office & Primary Biological Production |
| **Plant II** | E 539-540, Chopanki, Bhiwadi | Industrial Production & Bulk Division |
| **Plant III** | F 689-690, Chopanki, Bhiwadi | Media Division & Capacity Expansion |
**Resource Consumption Metrics:**
The company has demonstrated improved efficiency in energy and fuel consumption per unit of production:
* **Electricity:** Reduced from **9.53 Units/kg** to **9.46 Units/kg** (FY 2024-25).
* **Bio Briquettes:** Reduced from **7,097.86 Units/ton** to **6,906.32 Units/ton**.
* **PNG Gas:** Reduced from **66.16 Unit/kg** to **62.84 Unit/kg**.
---
### Financial Performance and Shareholder Value
Titan Biotech operates a single primary business segment: **Biological Products**. It maintains a strong export orientation and a consistent track record of profitability.
**Consolidated Financial Summary:**
| Particulars | FY 2024-25 (₹ Lakhs) | FY 2023-24 (₹ Lakhs) | FY 2022-23 (₹ Lakhs) |
| :--- | :--- | :--- | :--- |
| **Total Revenue** | **16,036.33** | **16,582.03** | **14,594.24** |
| **Profit After Tax (PAT)** | **1,827.11** | **2,366.32** | **2,102.48** |
| **EBITDA Margin** | **21.72%** | **21.72%** | - |
| **Domestic Sales** | **10,255.00** | **10,757.81** | **9,979.85** |
| **Overseas Sales** | **5,390.00** | **5,649.40** | **4,420.08** |
**Capital Structure and Liquidity Initiatives:**
* **Stock Split:** To encourage retail participation, the company executed a **1:5 sub-division** (Record Date: **February 20, 2026**), splitting **₹10** shares into **₹2** shares.
* **Dividend:** A dividend of **₹2.00 per equity share** was recommended for FY 2024-25.
* **Cash Position:** Held **₹5.13 Crore** in cash and equivalents as of March 31, 2025.
* **Dematerialization:** **96.963%** of equity shares are held in demat form; physical shareholding has been reduced by **70.70%** over the last six years.
---
### Strategic Investments and Subsidiary Expansion
Titan Biotech is aggressively expanding its influence through its associate companies, **Peptech Biosciences Limited** and **Titan Media Limited**.
* **Titan Media Limited Stake:** The company has significantly increased its voting rights in Titan Media from **32.29%** to **48.44%** in 2025. Through a committed rights issue of **3,390,510** shares, the company targets an eventual **64.58%** ownership.
* **Leadership Continuity:** Managing Directors **Mr. Naresh Kumar Singla** and **Mr. Suresh Chand Singla** have been re-appointed for five-year terms (2026–2031). **Mr. Shivom Singla** was appointed Whole Time Director in 2023.
---
### Research, Development, and Future Outlook
The company aligns its growth with the projected **$300 Billion** Indian bio-economy by 2030.
* **In-house Innovation:** Titan Biotech relies on proprietary technology; **no technology has been imported** in the last **5 years**.
* **R&D Priorities:** Current activities focus on **Energy Conservation**, **Pollution Control**, and developing new products for the **Health Supplement** and **Antimicrobial Resistance** markets.
* **Certifications:** The company maintains **ISO 9001:2015, ISO 22000, FSSC 22000, GMP, and FSSAI** certifications to ensure global compliance.
* **Macro Drivers:** Leveraging government initiatives like **Aatmanirbhar Bharat** and the **GOBARdhan** scheme, alongside the Department of Biotechnology’s **₹2,251.52 Crore** budget allocation.
---
### Risk Profile and Mitigation Strategies
The company manages risks through the Board and Audit Committee, categorizing threats across strategic and financial domains.
| Risk Category | Description & Mitigation |
| :--- | :--- |
| **Market & Competition** | Intense competition from global players with larger resources. Mitigation: Focus on **high-yield in-house technology** and cost efficiency. |
| **Raw Material Volatility** | Price increases can impact margins. Mitigation: Process improvements and **energy optimization** to offset costs. |
| **Foreign Exchange** | Exposure from exports (**₹52.95 Crore** earnings). The company **does not currently hedge** receivables. |
| **Regulatory Compliance** | Stringent global standards and audit requirements. Mitigation: Upgrading ERP to **Microsoft Navision Business Enterprise** for enhanced **audit trail** features. |
| **Product Safety** | Risks of contamination (e.g., *E. coli*). Mitigation: Strict adherence to **GMP** and **ISO** quality protocols. |