10,000 per cent multibagger returns: This micro-cap company receives new export order worth USD 1,92,800!

From Rs 7.50 to Rs 771.85 per share, the stock gave multibagger returns of over 10,000 per cent in a decade.

3B BlackBio Dx Ltd announced that the company’s agrochemical division (Kilpest) has received an export order for TEMEPHOS 50 per cent EC (KILOTHUS), which is a larvicide. The order is valued at USD 1,92,800 and in Indian currency, Rs 1,59,06,000 (USD 1 = Rs 82.5).

TEMEPHOS is mainly used as a larvicide to control mosquitoes, including in domestic water containers and those used for storing drinking water. With growing global concern for mosquito-borne diseases, this product will have a good future to combat the problem.

3B BlackBio DX is into crop protection, public health products and bio-products and is also a supplier to various government 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 Biotech India Ltd.

The company has a market cap of Rs 580 crore and has delivered good profit growth of 50 per cent CAGR over the last 5 years. The company has a good return on equity (ROE) track record: 3 Years ROE 44.5 per cent. In its Quarterly Results (Q2FY23) and annual results (FY23), the company reported positive numbers.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 378.90 per share. From Rs 7.50 to Rs 771.85 per share, the stock gave multibagger returns of over 10,000 per cent in a decade. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.