Makes and sells molecular diagnostic PCR kits and reagents under the TRUPCR brand for infectious diseases, alongside a smaller agrochemicals line. The diagnostics business runs as open-kit/reagent kits (not closed systems, sample-to-answer, or point-of-care platforms) and sells through distributors across 70+ countries to over 1,000 customers. Two international subsidiaries anchor the export push: TRUPCR Europe (UK), with FY26 sales of GBP 1.75M (INR 20.67 crore) at roughly 40% CAGR over four years, and Coris BioConcept (Belgium), acquired in August 2025 and consolidated for seven months in FY26 with sales of INR 35.91 crore and PAT of INR 8.76 crore helped by a one-time HAT order. India remains the home market, where the company holds about 15% share of a molecular diagnostics market sized at INR 500–600 crore and growing 8–10% annually. Inputs are dominated by materials (25.2% of FY26 revenue) and employees (16.9%), with depreciation at 3.6% and capex at 18% of revenue; the FY26 consolidated EBITDA margin was 58.0% with PAT of INR 59.93 crore on revenue of INR 141.92 crore. A US FDA submission is underway for the Resist-5 AMR product targeting FY28 launch, IVDR transition for European SKUs is in progress ahead of the May 2026 EU deadline, and roughly INR 230–250 crore of cash is earmarked for further M&A with 2–3 targets under discussion. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Diagnostic Kits (Molecular Diagnostics / TRUPCR PCR kits and reagents), Agrochemicals, TRUPCR Europe (UK subsidiary), Coris BioConcept (Belgium subsidiary, consolidated from Aug 2025). Asset-light molecular diagnostics with growing international footprint built partly via acquisitions
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 81 | 62 | 74 | 96 | 142 |
| EBITDA (ex other income) | 37 | 29 | 33 | 50 | 57 |
| margin % | 46.0 | 47.1 | 44.5 | 51.9 | 40.0 |
| Owners' profit | 28 | 23 | 33 | 48 | 59 |
| EPS, as reported (₹) | 42.89 | 34.55 | 37.46 | 55.66 | 69.94 |
| ROE % · ROCE % | 18.7 · 24.7 | 13.2 · 17.8 | 14.2 · 19.3 | 17.6 · 23.1 | 18.1 · 22.6 |
| Debt / equity (x) | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 |
| Cash from operations | 37 | 23 | 27 | 43 | 52 |
| Capex | (2) | 0 | 0 | (1) | (26) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 29 | 25 | 22 | 22 | 34 | 50 | 35 |
| Profit before tax | 14 | 19 | 18 | 13 | 16 | 20 | 27 | 15 |
| Net profit | 11 | 15 | 13 | 8 | 13 | 15 | 22 | 10 |
| EPS (₹) | 13.19 | 17.35 | 15.75 | 9.38 | 14.76 | 17.55 | 26.19 | 11.44 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Agrochemicals | 11 | 7.6 |
| Diagnostic Kits | 131 | 92.4 |
| Total, before eliminations | 142 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DR. LAL PATH LABS LTD. | 31,794 | 45.7 | 12.51 | 37.0 | 20.1 | 24.8 | 11.8 | 35.0 |
| VIJAYA DIAGNOSTIC CEN LTD | 15,456 | 82.4 | 16.15 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · 3B BlackBio to meet Marcellus Investment Managers on Sep 16 | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Investor meet with Capri Global; no new info shared | investor communications | low | — | — |
| 8 Sept 2026 · Newspaper advertisement published for 54th Annual General Meeting | compliance | minimal | — | — |
| 7 Sept 2026 · 54th AGM Notice and Annual Report FY2025-26 for shareholders | compliance | minimal | — | — |
| 7 Sept 2026 · 54th AGM on Sept 29, 2026; dividend record date Sept 22 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · AGM and dividend record date set for September 2026 | corporate actions | medium | — | — |
| 7 Sept 2026 · 54th AGM on Sept 29; record date Sept 22 for dividend and e-voting | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 3B BlackBio Dx annual report proposes Rs 5 a share dividend | compliance | medium | — | — |
| 7 Sept 2026 · Notice of 54th AGM on 29 Sept 2026, Rs 5 final dividend proposed | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 3B BlackBio to meet Capri Global Holdings on Sept 11 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 43.1 |
| 18.1 |
| 16.8 |
| — |
| 46.4 |
| METROPOLIS HEALTHCARE LTD | 12,088 | 25.0 | 7.93 | 28.9 | 12.5 | 14.4 | 10.5 | 25.8 |
| THYROCARE TECH LTD | 8,797 | 32.3 | 15.01 | 32.1 | 27.8 | 33.2 | 10.9 | 33.9 |
| NEPHROCARE HEALTH SERV L | 7,678 | 79.3 | 6.88 | 30.4 | 6.9 | 8.6 | — | 25.3 |
| KRSNAA DIAGNOSTICS LTD | 1,794 | 18.4 | 1.83 | 9.0 | 10.3 | 8.4 | — | 27.7 |
| SURAKSHA DIAGNOSTIC LTD | 1,693 | 47.2 | 6.95 | 17.2 | 12.9 | 11.5 | — | 36.0 |
| 3B BLACKBIO DX LTD. ◆ | 1,217 | 20.3 | 3.67 | 14.3 | 18.1 | 22.5 | (8.9) | 52.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.3 | 23.2 | 14 of 29 | 54% |
| P/B | 3.7 | 2.3 | 15 of 24 | 39% |
| ROCE | 22.5 | 6.1 | 4 of 29 | 89% |
| ROE | 18.1 | 7.3 | 7 of 26 | 76% |
| Debt / Equity | 0.0 | 0.0 | 12 of 26 | 56% |
| EBITDA margin | 52.6 | 25.6 | 1 of 24 | 100% |
| Revenue growth | 57.5 | 20.8 | 5 of 25 | 83% |
| Profit growth | 22.0 | 22.0 | 13 of 25 | 50% |
| Market cap | 1217 | 38 | 8 of 30 | 76% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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