Titan Biotech Limited is a leading manufacturer and exporter of biological products used in various industries such as pharmaceuticals, nutraceuticals, food and beverages, biotechnology and fermentation, cosmetics, veterinary and animal feed, agriculture, microbiology culture media, and plant tissue culture media. The company has a remarkable market presence of over 30 years in more than 100 countries worldwide and is committed to pushing the boundaries of research and development to deliver high-quality biological products.

The company’s business model revolves around the production and export of a vast variety of biological products, with a product range exceeding 10,000 items. It aims to maintain consistent development of products and people, ensuring high quality and reliability to win loyal customers over the years.

Titan Biotech Limited is GMP-certified and established to serve the scientific community and humanity by providing high-quality biological products. The products are essential for clinical diagnosis, vaccine production, antibiotics, agro-biotechnology, and animal feed. The company’s products are certified by FSSC 22000, FSSAI, HALAL INDIA, ISO 13485:2016, and ISO 9001:2015, reflecting its commitment to quality and standards.

The sectors they cover are as follows:
Diagnostics
Pharmaceuticals
Nutraceuticals
Animal Nutrition
Cosmetics
Agriculture
Food and Preservatives

Company has 3 arms:

1. Titan Biotech: This division deals in biological products used in nutraceuticals, cosmetics, animal nutrition, and the food industry. In animal nutrition, they offer a variety of products such as:

• Titagen® – Fish Collagen Peptides
• Unstergen® – Undenatured Chicken Collagen Type II
• Peptone
• Yeast Extract
• Calcium Propionate
• Protein Hydrolysate
• Culture Media

Company launched a product in animal nutrition i.e Oxibile which is a star product of the company, this product is used in aqua culture, poultry, pets, dairy and ruminants.
They have also developed a dedicated website for this product :

In human health and nutrition space they again have good range of products such as
different types of proteins as mentioned earlier, apart from that they have:

1. Hyaluronic acid
2. Also involved in protein supplement market including milk protein, whey protein, Pea
   protein, corn protein & soya protein
3. Coenzyme Q10 is a popular product for skin care and nutrition
4. L-Glutathione for Skin & Immunity
5. Titagen: In the health segment also they have a product called collagen which has huge market
   potential and used as an anti aging product which is widely used in oral consumption and in
   cosmetic products. The name of the product is Titagen and for this too they have made a
   dedicated website. https://titagencollagen.com
6. Mucopolysaccharidosis (MPS) for joint health and lubrication
7. Chondroitin sulfate for joints

In animal nutrition they also have a wide range of products:

1. Mannan oligosaccharides (MOS)
2. Protein Hydrolysate

2nd arm – TM Media – They are into Diagnostic business with around 4000+ SKUs

In 2024 the catalogue consisted of 332 pages, this shows how they are increasing the product portfolio. TM Media Product list 2024-25
 The product range covers – Ready to use culture media, Media supplements, Lab Equipment, Lab Chemicals, Lab Consumables, Biological media bases.
 The biggest player in India in this space is Hi Media Laboratories which is not a listed company, the FY 24 Revenues / PAT of this co. were 888 Crores / 77 Crores with 80% market share in domestic culture media market .
 They also have an online platform from where one can buy the products directly https://mymicrolab.com/

Company is involved in the manufacturing of the culture media so that they can commercially produce it and supply to market

1. Dehydrated culture media – These might be in a powder form or a Jelly-like substances and once poured into petri dishes, further experimentation can be done in it. these media are available in a dry, powdered form and need to be reconstituted with water before use. They offer several advantages over ready-to-use liquid media, including cost-effectiveness, longer shelf life, and reduced storage and shipping costs. Why Powdered? Multiple uses, easy transportability, Higher Shelf Life (Less Contaminated)
   a. Selective Media – Selective media are used to select for the growth of a particular “selected” microorganism
   b. Differential Media – Differential media contain indicators that allow differentiation between different types of microorganisms
   c. Transport Media – This media is used for transporting delicate organisms, which may not survive in the time taken for transporting their specimen
   d. Anaerobic Media – These media are used to grow anaerobic microorganisms like Thioglycolate broth medium, very difficult to manufacture, highly technical, Maybe High Margins

Company is not only engaged in the culture media but also the equipment that is required to produce these cultural media from start to end including the aerobic and anaerobic environment utensils culture medias any other products or objects which are used during the media transformation media preservation, Glassware to Equipments to Petri Dishes

2. Ready To Use – companies providing ready to use media culture which requires a lot of for mentalization producing and manufacturing in the laboratories which takes a lot of time and they are directly providing it to the end user including very complex products like blood Agar

3. Plant Tissue Culture: Any experimentation or research in India that involves using plant cells relies on the remarkable ability of plant cells to regenerate into whole plants. However, this process is highly complex and requires extensive scientific equipment and discovery. Unlike bacterial growth, which is relatively straightforward, extracting cells from plants for tissue culture is a challenging procedure that cannot be performed in just any laboratory

4. Spread swab an inoculating loop are basically used for cleaning the equipment after the experimentation – Local company can also manufacture these

5. Petri dishes are those glass dishes on which the experimentation is done they had to be carefully structured as to be very familiar with the hot and cold environment

6. Media Supplements – Supplements for growth of media

Financials

Company has grown at a CAGR of 17% since 2015, Operating profit has grown at a CAGR of 27%, which used to be 10% now close to 20%, showing shift towards value-added products, Net Profit has grown at a CAGR of 32%

Company has regularly participated which is also visible in the spike in business promotion and travelling expenses. The good thing is that even though the company is spending more in business promotion and increased manpower, still they have maintained the profitability , below picture shows the future events company will be attending

2024 International Exhibits featuring Titan Biotech

KNR Construct.xlsm (275.3 KB)
can someone please help understand why CAPEX values are turning negatives in some company data…refer attached file highlighted values.

@AmitContrarian explained this in above thread. In short those two entity are promoter owned (not part of any PE firm). Those 2 firms does not have any other business and just holding shares of MedPlus. In past they acquired this shares by raising debt from PE firm. Still that amount is not repaid and they keep on doing refinance by pledging again and again.

Since that debt is a high amount and my guess is this debt will not go away unless he do part stake sale or magically he brings such huge amount. Until that time you will see this pledge and revoke keep on happening

@SandyG bro how did you get the row for FCF on screener? I don’t see it in the cash flow section of mine…
somebody please do let me know. Thanks!