3B Blackbio DX Ltd

3B Blackbio DX Ltd

₹ 755 -1.41%
19 Apr 10:19 a.m.
About

3B Blackbio DX (previously known as Kilpest India) is into Crop protection, Public health products and bio-products and is also a supplier to various Govt. organizations, such as FCI (Food Corporation of India), NTPC (National Thermal Power Corporation Limited), Railway, etc. The company is also exporting its products to Bangladesh and Afghanistan.
The company entered into molecular diagnostics with 3B BlackBio BiotechIndia Ltd. [1][2]

Key Points

3B BlackBio Biotech India Limited (Subsidiary)[1]
Incorporated in 2011, “3B BlackBio Biotech India Limited”, a subsidiary of Kilpest India Limited, is engaged in Design, Development Manufacturing and Commercialization of qPCR tests, Rapid tests, NGS based Molecular Diagnostic Kits and Extraction Kits. The company has the largest range of CE-IVD products in the molecular diagnostics segment.
Brands: TRUPCR, TRURAPID, truNGS, TRUPCR Europe.

  • Market Cap 567 Cr.
  • Current Price 755
  • High / Low 924 / 390
  • Stock P/E 22.8
  • Book Value 283
  • Dividend Yield 0.33 %
  • ROCE 10.8 %
  • ROE 8.97 %
  • 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 33.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 192%
  • Promoter holding has increased by 2.86% over last quarter.

Cons

  • The company has delivered a poor sales growth of -5.06% over past five years.
  • Earnings include an other income of Rs.8.72 Cr.
  • Company has high debtors of 417 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2.83 3.87 3.52 4.41 2.39 5.21 2.31 17.37 13.64 3.32 13.21 18.57 16.96
2.68 4.73 3.53 4.46 2.65 5.99 2.29 7.94 6.42 3.71 6.52 9.91 7.37
Operating Profit 0.15 -0.86 -0.01 -0.05 -0.26 -0.78 0.02 9.43 7.22 -0.39 6.69 8.66 9.59
OPM % 5.30% -22.22% -0.28% -1.13% -10.88% -14.97% 0.87% 54.29% 52.93% -11.75% 50.64% 46.63% 56.54%
0.67 0.67 1.02 8.06 0.42 0.59 0.40 2.05 2.88 0.54 2.96 2.75 2.47
Interest 0.03 0.04 0.03 0.06 0.03 -0.02 0.03 0.07 0.05 0.05 0.02 0.04 0.02
Depreciation 0.05 0.04 0.05 0.05 0.10 0.09 0.07 0.17 0.19 0.08 0.18 0.22 0.20
Profit before tax 0.74 -0.27 0.93 7.90 0.03 -0.26 0.32 11.24 9.86 0.02 9.45 11.15 11.84
Tax % 18.92% 11.11% 15.05% 3.42% -300.00% -50.00% 25.00% 23.13% 22.11% 1,500.00% 20.95% 23.95% 22.30%
0.59 -0.23 0.78 7.63 0.12 -0.39 0.24 8.65 7.68 -0.29 7.47 8.48 9.21
EPS in Rs 0.79 -0.31 1.04 10.16 0.16 -0.52 0.32 11.52 10.23 -0.39 9.95 11.29 12.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
21 20 21 18 16 13 16 12 14 14 16 12 52
19 18 20 17 15 12 14 12 14 16 17 13 28
Operating Profit 2 1 1 1 1 1 1 0 -0 -1 -1 -1 25
OPM % 8% 7% 6% 7% 7% 8% 7% 4% -2% -8% -8% -8% 47%
0 0 0 0 0 0 0 1 1 4 10 4 9
Interest 1 1 1 1 1 1 1 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 1
Profit before tax 1 1 0 0 0 0 1 0 1 2 8 3 32
Tax % 27% 27% 14% 21% 23% 14% 9% 2% 0% 18% 5% 18%
1 1 0 0 0 0 1 0 1 2 8 2 25
EPS in Rs 1.13 0.89 0.59 0.34 0.30 0.36 0.81 0.67 0.81 2.29 10.67 2.88 33.12
Dividend Payout % 0% 0% 0% 0% 0% 83% 61% 74% 86% 392% 98% 87%
Compounded Sales Growth
10 Years: -5%
5 Years: -5%
3 Years: -4%
TTM: 35%
Compounded Profit Growth
10 Years: 14%
5 Years: 33%
3 Years: 52%
TTM: 54%
Stock Price CAGR
10 Years: 60%
5 Years: 55%
3 Years: 32%
1 Year: 77%
Return on Equity
10 Years: 9%
5 Years: 13%
3 Years: 17%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 7 7 7 7 9
Reserves 3 4 4 4 5 5 9 9 13 15 16 17 204
5 6 6 7 7 8 6 6 4 2 3 2 1
7 7 7 7 6 5 5 5 4 4 5 4 11
Total Liabilities 22 23 24 25 24 24 26 27 28 29 32 30 225
3 3 3 3 3 3 2 2 2 2 3 3 7
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 1 1 1 4 4 4 4 106
19 20 21 22 21 21 22 23 22 23 25 23 112
Total Assets 22 23 24 25 24 24 26 27 28 29 32 30 225

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 -1 0 0 1 0 -1 0 1 3 8 2
-1 -0 -0 -0 -0 0 -0 -0 -2 -0 -2 -0
1 -0 0 -0 -1 -0 1 -0 1 -2 -6 -3
Net Cash Flow 1 -1 0 0 0 0 0 -0 0 1 0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 181 222 217 271 303 371 332 426 382 358 337 417
Inventory Days 104 136 106 128 121 190 108 176 116 88 81 127
Days Payable 160 204 175 204 190 237 115 156 108 95 108 88
Cash Conversion Cycle 125 155 148 196 234 323 326 447 390 351 311 456
Working Capital Days 168 219 222 282 331 428 410 549 494 447 431 588
ROCE % 11% 9% 7% 6% 5% 6% 6% 4% 4% 9% 34% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
38.35% 38.35% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43% 41.29%
1.47% 0.54% 1.23% 1.64% 1.64% 1.64% 2.11% 2.54% 3.06% 3.16% 3.38% 2.97%
0.09% 0.08% 0.08% 0.08% 0.08% 0.00% 0.00% 0.00% 0.00% 0.82% 1.18% 1.89%
60.09% 61.03% 60.26% 59.85% 59.85% 59.94% 59.47% 59.02% 58.50% 57.60% 56.99% 53.85%
No. of Shareholders 10,54116,25116,75616,46816,31615,41513,79813,13612,41610,51310,0889,753

* 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.

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Documents

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