TickerSutra

NSE: 3BBLACKBIO · BSE: 532067 · ISIN INE994E01018

3B Blackbio Dx Limited stock analysis

3B Blackbio Dx Limited ranks #144 in the TickerSutra evidence-ranked universe with a score of 71/100 and 95% data confidence. The latest captured fundamentals show ROCE of 25.5%, quarterly sales growth of 50.6% and quarterly profit growth of -24.3%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE71/100

Watchlist candidate

#144 of 5,430 ranked equities
Market capitalisation₹1,251.71cr
ROCE25.5%
Quarterly sales growth50.6%
Quarterly profit growth-24.3%
P/E ratio22.5×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 25.5%
  • Low debt/equity of 0.01×
  • Strong CFO/EBITDA of 0.91×
  • 31.8% three-year sales CAGR
  • No promoter shares are reported as pledged

Risks and constraints

  • Operating margin has compressed materially

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹81cr₹37cr₹32cr46.0%
2023₹62cr₹29cr₹26cr47.0%
2024₹74cr₹33cr₹32cr44.0%
2025₹96cr₹50cr₹48cr52.0%
2026₹142cr₹57cr₹60cr40.0%
TTM₹153cr₹53cr₹56cr35.0%
Debt / equity0.01×
CFO / EBITDA0.91×
Operating margin35.0%
Free cash flow₹27cr
Sales CAGR · 3Y31.8%
Profit CAGR · 3Y32.1%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts3 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Product approvalsHigh severity · 2 mentions
Positive catalyst

TRUPCR® continues to strengthen its presence in international markets, with products reaching more than 70 countries and over 200 customers across Europe, the Middle East, Asia-Pacific, Latin America, Africa and North America. During FY 2025 26, our export business maintained its growth momentum, supported by increasing business from existing markets, expansion of our distribution network, new product registrations,

Export market updatesHigh severity · 20 mentions
Constructive

However, the total sales for the Molecular Diagnostics division was 13,111.81 Lakh in FY 2025-26 against 8,428.25 Lakh in FY 2024-25 (including sales from the UK subsidiary - TRUPCR® Europe Limited and Belgium subsidiary Coris BioConcept SRL). TRUPCR® continues to strengthen its presence in international markets, with products reaching more than 70 countries and over 200 customers across Europe, the Middle East, Asia

Regulatory approvalHigh severity · 16 mentions
Positive catalyst

The rapid diagnostics business also progressed further, with Antimicrobial Resistance (AMR) becoming an important area of focus. 3B BLACKBIO DX LIMITED CIN: L24211MP1972PLC001131 27 Going forward, the Company will remain focused on new market expansion, deeper penetration in existing markets, regulatory approvals and development of new products. With a growing international customer base, broad diagnostic portfolio a

Capacity expansion plansHigh severity · 1 mention
Positive catalyst

Strong domestic demand, continued investment and policy support helped sustain economic activity across sectors. This stable macroeconomic environment provided a favorable backdrop for businesses to pursue growth, expand capacity and invest in new opportunities. Demand for agrochemicals remains closely linked to cropping patterns, monsoon conditions, pest incidence and farmer economics.

Regulatory updatesHigh severity · 29 mentions
Constructive

Internationally, exports, new geographic registrations and increasing penetration of existing markets remain important growth drivers. Progress towards IVDR certification will support continued access to European markets and strengthen the regulatory positioning of the TRUPCR® portfolio. TRUPCR® Europe provides an established base for serving European customers with faster delivery and local technical support.

Pricing pressureModerate severity · 2 mentions
Negative warning

During FY 2025 26, uneven and prolonged monsoon conditions in certain regions affected the timing of crop protection applications and resulted in variability in demand. The sector also faced competitive pricing and the impact of geopolitical tensions and global supply-chain disruptions. The Agrochemicals Divisi Lakh in FY 2025 akh in FY 2024 25.

Margin expansionLow severity · 2 mentions
Positive catalyst

Molecular diagnostic is a very small percentage of the entire diagnostic. That is the reason why we command higher margin profitability. But overall, if we say Indian market is say around between INR500 crores to INR600 crores, we are now almost, you can say, 15% approximately which is a very high footprint.

Export growthLow severity · 1 mention
Positive catalyst

So if you see standalone last year versus this year, so there is a growth of around 7.1% on the standalone non-export revenue. And if we include the export growth of say 25 % odd, we reach a growth of consolidated growth of 10 %. So we started mainly with the Indian market way back in 2015.

Institutional interestLow severity · 6 mentions
Watch

Analyst/Investor Meets: The Managing Director has conference calls with institutional investors and analysts. Presentations made to institutional investors and analysts are uploaded on BSE through its respective portal. Details of Compliance with mandatory requirements: The Company has complied with all applicable mandatory requirements of Corporate Governance as specified in Regulations 17 to 27 read with Schedule V

Niche productsLow severity · 2 mentions
Positive catalyst

Now we have a good grip of the NGS assays, however, commercialization is challenging as the field is highly competitive and labs try to make their own kits (homebrew) which is an old methodology and used in PCR as well. TRUNGS® is focussed on very niche products in this segment, hence, we do not expect major high growth / revenue from NGS immediately, however, it will be gradual. In FY 2024- tumors such as lung, gast

Management confidenceLow severity · 1 mention
Constructive

So now we can say that we have been able to have the tie -ups with the labs who have to do the clinical trial. We are confident about the product, so the clin ical trial also is a process. Then comes submission of documentation to FDA, they reviewing it.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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