J. B. Chemicals & Pharmaceuticals Limited

J. B. Chemicals & Pharmaceuticals Limited

JBCHEPHARM.NS
J. B. Chemicals & Pharmaceuticals LimitedIN flagNational Stock Exchange of India
2,444.50
INR
+8.70
- -
392.49BMarket Cap
J. B. Chemicals & Pharmaceuticals Limited
JBCHEPHARM.NS
(National Stock Exchange of India)

Recent

price

2,444.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
52.76
42.53
46.34
55.35
61.77
68.81
77.18
82.31
97.8
109.44
130.62
156.83
403.04
222.5
248.58
- -
263.98
Revenue per Share
8.25
40.06
4.69
3.63
5.92
9.57
10.71
8.24
11.77
17.1
28.98
24.93
53
35.66
42.45
- -
45.15
Basic EPS, GAAP
5.9
47.25
2.07
-4.39
3.27
-3.7
2.65
5.15
8.83
12.74
17.28
-34.72
-18.02
34.8
50.34
- -
- -
Free Cash Flow per Basic Share
1.16
24.35
0.59
1.76
1.75
11.06
0.34
0.62
1.27
8.86
4.74
8.25
16.5
10.13
15.26
- -
- -
Dividend per Share
13.94
25.43
27.82
29.29
26.43
32.87
48.55
56.32
68.04
77.82
103.53
120.21
276.83
163.68
189.92
- -
212.87
Book Value per Share
38.98
55.18
57.92
60.06
57.22
60.48
75.67
81.49
85.56
85.14
111.53
91.2
142.34
95.35
132.51
- -
182.83
Tangible Book Value per Share
169
169
169
169
170
170
170
168
164
159
155
155
77
155
155
- -
157
Basic Weighted Avg Shares
8,908
7,198
7,851
9,378
10,474
11,673
13,093
13,822
16,076
17,414
20,189
24,242
31,165
34,477
38,620
40,762
41,478
Sales/Revenue/Turnover
20.17
9.86
6.4
9.45
11.12
14.76
14.06
11.61
16.1
18.26
24.15
19.42
18.85
21.83
22.13
22.1
22.3
Operating Margin (%)
228
224
247
280
386
412
472
570
556
663
687
727
1,144
1,383
1,710
1,825
1,825
Depreciation Expense
1,393
6,779
794
615
1,004
1,625
1,841
1,383
1,935
2,720
4,480
3,854
4,098
5,526
6,596
7,095
7,095
Net Income, GAAP
15.68
19.63
23.3
29.67
31.02
23.36
19.81
28.48
32.41
21.93
24.86
23.54
26.16
26.46
25.67
25.5
25.5
Effective Tax Rate (%)
15.64
94.18
10.12
6.56
9.59
13.93
14.06
10.01
12.03
15.62
22.19
15.9
13.15
16.03
17.08
17.41
17.1
Profit Margin (%)
4,493
6,779
7,047
7,044
6,233
3,420
5,137
7,721
8,070
7,599
12,073
8,911
9,736
9,851
12,904
23,182
23,182
Working Capital
125
4
2
5
4
- -
- -
- -
- -
12
51
206
3,985
333
64
11
11
LT Debt
6,915
9,700
10,203
10,428
9,949
10,953
13,658
14,443
14,829
14,380
18,134
21,386
24,804
29,233
34,333
41,592
41,592
Total Equity
19.64
6.12
3.7
5.73
7.17
10.94
10.92
7.96
11.73
16.58
21.87
17.71
16.53
17.43
18.83
17.71
18.18
Return on Invested Capital (%)
27.29
158.58
16.57
11.63
17.81
25.64
23.07
15.14
18.44
22.61
30.95
21.79
18.82
20.78
22.66
22.56
22.56
Return on Capital (%)
34.68
203.68
17.62
12.71
21.26
32.28
26.31
15.64
18.74
23.09
31.56
22.29
20.5
23.63
24.04
22.54
22.54
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
192
- -
25
LT Borrowings
- -
- -
- -
LT Finance Leases
217
- -
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
157
- -
161
Market Capitalization
266,357
284,103
324,364

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
25,551
- -
29,094
Cash, Cash Equivalents & STI
9,014
- -
12,213
Accounts Receivable, Net
9,377
- -
7,809
Inventories
5,766
- -
6,834
Total Current Liabilities
6,742
- -
5,912
Payables & Accruals
- -
- -
- -
ST Debt
192
- -
25
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.66%
18.07%
21.14%
Free Cash Flow
-77.77%
-167.53%
-20.64%
Net Income, GAAP
18.77%
10.82%
7.56%
Sales/Revenue/Turnover
13.51%
15.37%
5.55%
Total Cash Common Dividend
92.01%
36.08%
32.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,962
8,817
8,445
8,252
34,477
2025
10,044
10,006
9,635
9,495
38,620
2026
10,939
10,849
10,647
9,042
40,762

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.2
9.72
8.62
- -
35.66
2025
11.39
11.24
10.46
9.36
42.45
2026
12.99
13.29
12.63
6.35
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10.13
2025
- -
- -
- -
- -
15.26
2026
- -
- -
- -
- -
- -
Business
J. B. Chemicals & Pharmaceuticals Limited manufactures and markets a broad portfolio of pharmaceutical formulations across more than 20 therapeutic areas including gastroenterology, anti-infectives, wound care, neonatology and pediatrics, gynecology, dental care, vitamins and minerals, hypertension, diabetes, nephrology, respiratory, pain-analgesics, dermatology, antivirals, lozenges, and contrast media; key brands encompass Rantac and Metrogyl in gastroenterology and anti-infectives, Cilacar and Nicardia in hypertension, Cadomer in wound care and dermatology, along with specialized offerings such as proton pump inhibitors, antibiotics in oral/injectable/topical forms, calcium channel blockers, DPP-4 inhibitors, ketoanalogues for renal care, lozenges as the third-largest global manufacturer, and contrast agents for imaging. The company operates primarily in India with distribution through 600,000 pharmacies nationwide, exports to over 40 regulated and semi-regulated markets including the USA, and maintains wholly owned subsidiaries in South Africa and Russia; it serves healthcare providers and patients via eight state-of-the-art manufacturing facilities compliant with USFDA and WHO standards, focusing on chronic therapies, contract development and manufacturing organization services particularly in medicated lozenges, and incremental innovation for lifecycle management. Founded in 1976 and headquartered in Mumbai, India, J. B. Chemicals & Pharmaceuticals has pursued aggressive inorganic growth through five acquisitions in India over the past two years including the Razel franchise from Glenmark in 2024 and approximately 15 ophthalmology drugs from Novartis for INR 1,089 crore in late 2024 to enter the high-growth ophthalmology segment comprising anti-infectives, anti-allergies, and glaucoma treatments effective from January 2027; most recently in June 2025, Torrent Pharmaceuticals agreed to acquire a controlling 46.39% stake from KKR for INR 11,917 crore at an equity valuation of INR 25,689 crore followed by a mandatory open offer and subsequent merger, pending regulatory approvals including from SEBI, CCI, and NCLT, to create a diversified platform enhancing Torrent's Indian branded formulations presence and JB's CDMO capabilities.