3B Blackbio DX Ltd

3B Blackbio DX Ltd

₹ 1,664 -1.58%
22 Nov - close price
About

Incorporated in 2011, 3B BlackBio Dx Ltd manufactures and exports PCR based Molecular Diagnostic kits, PCR Enzymes & PCR Reagents, and agrochemical-based products[1]

Key Points

Business Segments[1][2]
A) Diagnostics Business (81% of FY23 revenue)
3BDL is part of an Indo-Spanish JV and was formed by amalgamation with its parent company Kilpest India Limited. Company is an ISO 13485:2016 certified, GMP-compliant biotech R&D organization and is engaged in the design, development, manufacturing, and commercialization of Rapid tests, PCR-based Molecular Diagnostic kits, PCR Enzymes & PCR Reagents, NGS-based Molecular Diagnostic Kit

  • Market Cap 1,428 Cr.
  • Current Price 1,664
  • High / Low 1,910 / 660
  • Stock P/E 33.1
  • Book Value 291
  • Dividend Yield 0.18 %
  • ROCE 21.8 %
  • ROE 16.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 140% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.9%

Cons

  • Company has high debtors of 188 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4 2 5 2 17 14 18 13 19 17 22 18 27
4 3 6 2 8 6 10 7 10 7 12 7 11
Operating Profit -0 -0 -1 0 9 7 8 7 9 10 10 10 15
OPM % -1% -11% -15% 1% 54% 53% 46% 51% 47% 57% 46% 59% 57%
8 0 1 0 2 3 1 3 3 2 4 4 3
Interest 0 0 -0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 8 0 -0 0 11 10 9 9 11 12 14 14 18
Tax % 3% -300% 50% 25% 23% 22% 36% 21% 24% 22% 35% 22% 23%
8 0 -0 0 9 8 6 7 8 9 9 11 14
EPS in Rs 10.16 0.16 -0.52 0.32 11.52 10.23 7.70 9.95 11.29 10.73 10.56 12.50 16.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
20 21 18 16 13 16 12 14 14 16 59 71 83
18 20 17 15 12 14 12 14 16 17 30 36 38
Operating Profit 1 1 1 1 1 1 0 -0 -1 -1 30 35 45
OPM % 7% 6% 7% 7% 8% 7% 4% -2% -8% -8% 50% 50% 54%
0 0 0 0 0 0 1 1 4 10 7 12 14
Interest 1 1 1 1 1 1 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 1 0 0 0 0 1 0 1 2 8 36 46 58
Tax % 27% 14% 21% 23% 14% 9% 2% 0% 18% 5% 26% 26%
1 0 0 0 0 1 0 1 2 8 26 34 43
EPS in Rs 0.89 0.59 0.34 0.30 0.36 0.81 0.67 0.81 2.29 10.67 35.19 39.86 50.27
Dividend Payout % 0% 0% 0% 0% 83% 61% 74% 86% 392% 98% 8% 8%
Compounded Sales Growth
10 Years: 13%
5 Years: 42%
3 Years: 70%
TTM: 31%
Compounded Profit Growth
10 Years: 57%
5 Years: 140%
3 Years: 171%
TTM: 47%
Stock Price CAGR
10 Years: 70%
5 Years: 82%
3 Years: 56%
1 Year: 133%
Return on Equity
10 Years: 16%
5 Years: 18%
3 Years: 20%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 7 7 7 9 9 9
Reserves 4 4 4 5 5 9 9 13 15 16 188 219 242
6 6 7 7 8 6 6 4 2 3 2 1 1
7 7 7 6 5 5 5 4 4 5 16 21 18
Total Liabilities 23 24 25 24 24 26 27 28 29 32 214 250 269
3 3 3 3 3 2 2 2 2 3 7 7 6
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 1 1 1 4 4 4 102 128 143
20 21 22 21 21 22 23 22 23 25 105 116 120
Total Assets 23 24 25 24 24 26 27 28 29 32 214 250 269

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 0 0 1 0 -1 0 1 3 8 21 28
-0 -0 -0 -0 0 -0 -0 -2 -0 -2 -8 -20
-0 0 -0 -1 -0 1 -0 1 -2 -6 -3 -4
Net Cash Flow -1 0 0 0 0 0 -0 0 1 0 10 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 222 217 271 303 371 332 426 382 358 337 206 188
Inventory Days 136 106 128 121 190 108 176 116 88 81 154 144
Days Payable 204 175 204 190 237 115 156 108 95 108 63 65
Cash Conversion Cycle 155 148 196 234 323 326 447 390 351 311 297 267
Working Capital Days 219 222 282 331 428 410 549 494 447 431 255 225
ROCE % 9% 7% 6% 5% 6% 6% 4% 4% 9% 34% 32% 22%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 41.29% 41.28% 41.28%
1.23% 1.64% 1.64% 1.64% 2.11% 2.54% 3.06% 3.16% 3.38% 2.97% 3.28% 3.27%
0.08% 0.08% 0.08% 0.00% 0.00% 0.00% 0.00% 0.82% 1.18% 1.89% 1.96% 1.96%
60.26% 59.85% 59.85% 59.94% 59.47% 59.02% 58.50% 57.60% 56.99% 53.85% 53.48% 53.48%
No. of Shareholders 16,75616,46816,31615,41513,79813,13612,41610,51310,0889,7539,3999,586

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls