J B Chemicals & Pharmaceuticals Ltd

J B Chemicals & Pharmaceuticals Ltd

₹ 1,702 2.10%
21 Nov - close price
About

J.B. Chemicals and Pharmaceuticals Limited, established in 1976, is one of India's leading pharmaceutical companies. An integrated, publicly-listed organization with a focus on supplying affordable, quality products both in India and internationally, JBCPL is trusted by healthcare professionals globally. [1]

Key Points

Revenue Split H1FY24
Domestic Formulations - 55%
Export Formulations - 30%
Contract Manufacturing - 13%
APIs - 2% [1]

  • Market Cap 26,435 Cr.
  • Current Price 1,702
  • High / Low 2,030 / 1,371
  • Stock P/E 44.0
  • Book Value 203
  • Dividend Yield 0.72 %
  • ROCE 24.5 %
  • ROE 20.0 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 35.2%

Cons

  • Stock is trading at 8.37 times its book value

* 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.

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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
527 533 584 716 740 729 699 853 837 800 809 952 956
412 419 462 548 574 559 538 618 602 585 614 679 688
Operating Profit 115 114 122 168 166 169 161 235 235 215 195 273 268
OPM % 22% 21% 21% 23% 22% 23% 23% 28% 28% 27% 24% 29% 28%
20 4 2 1 2 3 3 5 7 7 16 5 9
Interest 1 1 2 6 8 9 12 11 9 12 8 4 2
Depreciation 15 17 22 26 28 28 31 31 32 33 40 40 41
Profit before tax 118 101 100 137 132 136 122 198 201 176 163 234 234
Tax % 25% 26% 17% 26% 26% 26% 27% 27% 28% 27% 23% 26% 26%
88 75 83 101 98 101 89 145 145 128 126 173 173
EPS in Rs 5.72 4.82 5.35 6.55 6.32 6.54 5.73 9.34 9.36 8.25 8.11 11.16 11.15
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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
816 957 1,061 1,144 1,175 1,250 1,501 1,641 1,892 2,190 2,884 3,299 3,517
705 802 868 917 952 1,050 1,209 1,270 1,340 1,681 2,219 2,419 2,566
Operating Profit 111 154 193 226 222 199 292 370 552 509 665 880 951
OPM % 14% 16% 18% 20% 19% 16% 19% 23% 29% 23% 23% 27% 27%
26 -27 10 55 46 39 37 37 116 39 9 34 37
Interest 5 6 7 10 5 3 5 3 7 5 34 41 26
Depreciation 24 27 38 40 46 56 55 65 67 71 112 135 154
Profit before tax 108 94 159 231 217 179 269 340 594 471 527 738 808
Tax % 21% 27% 29% 22% 20% 29% 32% 21% 25% 23% 26% 26%
85 68 114 179 173 128 182 268 447 361 389 543 600
EPS in Rs 5.01 4.04 6.70 10.57 10.20 7.66 11.34 17.34 28.92 23.35 25.12 35.01 38.67
Dividend Payout % 30% 37% 105% 24% 5% 13% 22% 32% 29% 35% 35% 35%
Compounded Sales Growth
10 Years: 13%
5 Years: 17%
3 Years: 20%
TTM: 13%
Compounded Profit Growth
10 Years: 19%
5 Years: 26%
3 Years: 10%
TTM: 25%
Stock Price CAGR
10 Years: 33%
5 Years: 54%
3 Years: 29%
1 Year: 18%
Return on Equity
10 Years: 16%
5 Years: 19%
3 Years: 18%
Last Year: 20%

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 17 17 17 17 17 17 16 15 15 15 15 16 16
Reserves 992 1,031 999 1,206 1,371 1,437 1,469 1,430 1,791 2,088 2,427 2,871 3,142
50 93 105 175 49 28 26 29 39 52 547 359 90
214 201 327 244 248 285 283 337 355 382 480 668 699
Total Liabilities 1,273 1,342 1,449 1,641 1,684 1,767 1,793 1,811 2,200 2,538 3,470 3,914 3,946
294 282 301 369 609 570 552 583 565 1,204 1,822 1,925 1,934
CWIP 5 46 55 135 4 17 15 16 26 19 55 76 42
Investments 434 536 598 612 544 567 589 536 811 146 339 531 488
540 477 495 525 528 613 636 676 799 1,170 1,254 1,381 1,482
Total Assets 1,273 1,342 1,449 1,641 1,684 1,767 1,793 1,811 2,200 2,538 3,470 3,914 3,946

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
80 -12 143 171 178 116 193 272 335 147 629 789
-112 -139 -122 -52 -42 -24 -28 24 -231 4 -956 -412
-31 12 -23 -97 -165 -59 -156 -305 -87 -138 343 -374
Net Cash Flow -62 -138 -2 22 -30 32 9 -10 18 13 16 2

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 87 95 85 85 82 88 73 77 72 86 66 69
Inventory Days 97 108 109 108 131 134 142 149 163 172 136 152
Days Payable 56 50 53 56 65 76 76 97 96 96 78 109
Cash Conversion Cycle 128 152 141 137 149 145 139 128 139 162 124 112
Working Capital Days 84 105 60 94 95 107 98 88 95 130 100 88
ROCE % 9% 13% 14% 17% 12% 9% 17% 22% 32% 22% 22% 24%

Shareholding Pattern

Numbers in percentages

29 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.00% 54.00% 54.00% 53.96% 53.95% 53.93% 53.91% 53.86% 53.83% 53.78% 53.77% 53.74%
9.12% 9.22% 8.85% 8.66% 8.81% 8.62% 9.53% 10.05% 10.35% 11.06% 12.17% 13.63%
16.26% 16.89% 17.80% 18.47% 18.55% 19.08% 18.65% 18.58% 18.53% 18.38% 17.61% 16.81%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.01%
20.62% 19.89% 19.35% 18.91% 18.72% 18.35% 17.90% 17.50% 17.27% 16.78% 16.42% 15.80%
No. of Shareholders 64,86161,31460,26858,62959,77956,63355,96560,81763,23063,89266,95362,743

* 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.

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