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Blogs

May 8, 2026
Dark Blue Page with the Title export Revenue Mix and a Horizontal Bar Chart of Fiscal Years Fy20fy25 Values Are 28 26 22 18 14 11 with Fy25 Shown in Green

Export Revenue Mix: The Geographic Diversification Test for Indian Small-Caps

Export Revenue Mix isn't just a percentage — it's a forensic test for customer concentration, currency hedging, and pricing power against global benchmarks. Using Titan Biotech FY25's audited ~34.5% export share across 60+ countries as an educational illustration of disciplined geographic diversification.
May 7, 2026
Dark Blue Hero Banner Showing the Headline cwip to gross block Ratio with a Green Italic Subtitle a Circular Multicolor Donut Chart Labeled Fy25 Centered Below the Text Small multibagger Shares Heading at Top Left and a Caption at Bottom Left Reading multibagger Shares  Sebi Ia  Ina100007736

CWIP-to-Gross-Block Ratio: The Forward-Looking Capex Pipeline Marker That Reveals Whether Indian Companies Are Building Their Future or Stuck With Stranded Assets

A forensic balance-sheet ratio every Indian long-term investor should master, illustrated with Titan Biotech FY25 audited markers (₹11 Cr CWIP, ₹57 Cr Gross Block, ₹3 Cr borrowings, 103% CFO/Operating Profit).
May 7, 2026
Chart Opportunity Cost As Hurdle Rate by Fiscal Year Fy20fy25 with Bars Showing Values 28 26 22 18 14 and a Green Fy25 Bar at 11

Opportunity Cost as Hurdle Rate: Charlie Munger’s ‘Best Available Alternative’ Test

Charlie Munger's lifetime discipline: every rupee must beat the next-best alternative use, on a risk-adjusted basis. How Indian long-term investors apply the hurdle-rate test using the 10-year G-sec, and why Titan Biotech FY25's audited RoCE spread illustrates the discipline.
May 6, 2026
Infographic Showing Cfoebitda Ratio by Year from Fy20 28 to Fy25 11 Fy25 Bar Highlighted in Green

CFO/EBITDA Ratio: The Operating-Cash Quality Test

Learn the CFO/EBITDA cash-conversion ratio — the 60-second test that separates real operating profits from accounting fiction — using Titan Biotech FY25's 103% audited reading as a positive illustration.
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