Blogs

April 20, 2026
Bar Chart Titled cfopat Ratio Showing Fy20 28 Fy21 26 Fy22 22 Fy23 18 Fy24 14 Fy25 11 fy25 Bar in Green

CFO/PAT Ratio: The 60-Second Earnings-Quality Filter

The CFO/PAT ratio is the single fastest earnings-quality check any Indian value investor can run — and Titan Biotech FY25 audited numbers show what disciplined cash-backed profits actually look like.
April 20, 2026
Hero Banner for a Finance Article Title the Availability Heuristic with Subtitle why Recent Headlines Distort Indian Portfolio Decisions and a 2x2 Color Grid Labeled Lucky left Gray Disciplined Investor green Right Confused left Light Gray Bias trapped orange Right

The Availability Heuristic: Why Recent Headlines Distort Indian Portfolio Decisions

Tversky & Kahneman's 1973 availability heuristic explains why Indian retail investors chase recent headlines. A detailed teaching post with an illustrative Titan Biotech FY25 case study on availability-resistant corporate behaviour.
April 20, 2026
Horizontal Bar Chart Titled Segment Reporting Showing Yearly Values from Fy20 to Fy25 Fy25 Bar is Green with Value 11 Trend Downward from 28 to 11

Segment Reporting: When Management Uses Disclosure to Hide or Reveal the Best Business

Why serious investors should read segment notes to discover where the real business quality sits, and how Titan’s geographic split strengthens trust in the disclosure.
April 20, 2026
Hero Header with Title owner Earnings and Subtitle the Buffett Adjustment That Reveals True Cash Profits over a Dark Blue Gradient Background Plus a Colorful Donut Chart Labeled fy25 Reinvested Centered Below

Owner Earnings: The Buffett Adjustment That Reveals True Cash Profits

Warren Buffett's 1986 owner-earnings formula adjusts reported net profit by adding back non-cash charges and subtracting maintenance capex and working-capital needs. Applied to four Indian businesses — Asian Paints, Pidilite, Nestlé India, and Titan Biotech — the arithmetic reveals very different cash-conversion profiles and gives retail investors a more honest lens than reported PAT alone.
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