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JB Chemicals & Pharmaceuticals Ltd (JBCHEPHARM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506943 NSE: JBCHEPHARM Pharmaceuticals & Drugs | Small Cap | JB Chem & Pharma Share Price

₹2,169.50 37.85 (1.78%)

As on 05-Jun'26 16:59

JB Chemicals & Pharmaceuticals Ltd (JBCHEPHARM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506943 NSE: JBCHEPHARM Pharmaceuticals & Drugs | Small Cap | JB Chem & Pharma Share Price

₹2,169.50 37.85 (1.78%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹34,226 Cr.
Current Price
₹2,169.5
52-Week Low / High
₹1,603 / 2,285
TTM EPS
₹42
TTM Sales
₹3,890 Cr.
Book Value per Share
₹251.5
P/E Ratio
50.77
Higher than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
8.48
Higher than its 5-year historical median
Price to Sales (P/S)
8.80
Higher than its 5-year historical median
EV/EBITDA
30.75
Higher than its 5-year historical median
Dividend Yield
1.07%
Profitability Efficiency
Return on Equity (ROE)
18.60%
Outperforms industry median
Return on Capital Employed (ROCE)
24.47%
Outperforms industry median
Return on Assets (ROA)
12.63%
Operating Profit Margin
27%
Net Profit Margin
17.33%
Gross Profit Margin
29.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.48%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.61%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.3%
Asset Quality
Promoter Holding
48.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,022 Cr.
Equity
₹16.1 Cr.
Face Value
₹1
All Time Low / High
₹2.70 / 2284.95

JB Chemicals & Pharmaceuticals stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is JB Chemicals & Pharmaceuticals Ltd a good quality company?
JB Chemicals & Pharmaceuticals Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does JB Chemicals & Pharmaceuticals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of JB Chemicals & Pharmaceuticals Ltd vs industry peers?
JB Chemicals & Pharmaceuticals Ltd revenue CAGR is 17.81%, compared to the industry median CAGR of 5.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of JB Chemicals & Pharmaceuticals Ltd?
Promoters hold 48.80% of the JB Chemicals & Pharmaceuticals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of JB Chemicals & Pharmaceuticals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 33% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
JB Chemicals & Pharmaceuticals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 15.7%12.5%18.3%23%36.3%24%22%25.1%26.8%24.5%-
Value Creation
Index
0.1-0.10.30.61.70.80.61.21.41.2-

Growth Parameters

Sales 1,1991,2551,5011,6411,8922,1902,8843,2993,7233,8903,890
Sales YoY Gr.-4.7%19.6%9.3%15.3%15.7%31.7%14.4%12.9%4.5%-
Adj EPS 8.76.410.716.725.921.725.534.240.641.542
YoY Gr.--26.4%68.5%55.6%55.3%-16.4%17.4%34.3%18.7%2.4%-
BVPS (₹) 81.88792.593.5116.9132.1150177206.1251.5251.5
Adj Net
Profit
147106172258401335394531632667674
Cash Flow from Ops. 178116193272335147629789884645-
Debt/CF from Ops. 0.30.30.10.10.10.20.80.400-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14%15.5%10.5%4.5%
Adj EPS 19%9.9%17.7%2.4%
BVPS13.3%16.6%18.8%22%
Share Price 33.3% 23.5% 27% 27.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
11.37.511.717.624.617.117.319.920.21816.7
Op. Profit
Mgn %
1915.919.522.629.223.223.426.627.32727.2
Net Profit
Mgn %
12.38.511.515.721.215.313.716.11717.117.3
Debt to
Equity
0000000.20.1000
Working Cap
Days
276290269224191220203200225259126
Cash Conv.
Cycle
9698878175847365697997

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,1991,2551,5011,6411,8922,1902,8843,2993,7233,890
Operating Expenses + 9801,0731,2131,2721,3401,6812,2192,4222,7082,838
Manufacturing Costs178189203191197248292308351355
Material Costs4694845365696267441,0371,1091,2521,219
Employee Cost 188217258294306399500565647722
Other Costs 145182215219211290391439458541
Operating Profit 2191822883685525096658771,0151,052
Operating Profit Margin (%) 18.2%14.5%19.2%22.4%29.2%23.2%23.0%26.6%27.3%27.0%
Other Income + 50564050116399373759
Exceptional Items 000-1000000-27
Interest 535375344195
Depreciation 465655656771112135166177
Profit Before Tax 217179269340594471527738877903
Tax 44518771147110138195225229
Profit After Tax 173128182268447361389543653674
PAT Margin (%) 14.4%10.2%12.1%16.3%23.6%16.5%13.5%16.5%17.5%17.3%
Adjusted EPS (₹)10.27.711.417.428.923.425.135.041.942.0
Dividend Payout Ratio (%)4.90%13.10%22%31.70%28.50%35.30%35.30%35%37%52.40%

Valuation of JB Chem & Pharma - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,3881,4531,4851,4451,8062,0412,3212,7463,2094,038
Share Capital 17171615151515161616
Reserves 1,3711,4371,4691,4301,7912,0262,3052,7313,1944,022
Debt +4928262926263902400
Long Term Debt0000003832400
Short Term Debt4928262926267000
Minority Interest0000000000
Trade Payables79100111152164196222332385371
Others Liabilities 5816467053855427351,0831,4951,3451,324
Total Liabilities 2,0972,2282,3272,0122,5392,9994,0154,5974,9385,733

Fixed Assets

Net Fixed Assets +6095705525835651,2041,8221,9251,8831,796
Gross Block9649801,0121,1051,1081,7972,5222,7492,8682,914
Accumulated Depreciation3554104605225445937018249841,118
CWIP 4171516261955766274
Investments 544567589536811146339531488908
Inventories160176208232279350387461472643
Trade Receivables265301300344374518524625768712
Cash Equivalents 7152112264056649162
Others Assets 5085836412894587238339151,1751,538
Total Assets 2,0972,2282,3272,0122,5392,9994,0154,5974,9385,733

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 178116193272335147629789884645
PBT 217179269340594471527738877903
Adjustment 10152715-5697203187194209
Changes in Working Capital -0-40-424-61-294-13-96-221
Tax Paid -49-38-61-87-140-127-89-128-193-246
Cash Flow From Investing Activity + -42-24-2824-2314-956-412-290-587
Capex -153-29-41-691-697-757-257-110-79
Net Investments 10931091-233700-186-15075-395
Others 213211-13-6-255-114
Cash Flow From Financing Activity + -165-59-156-305-87-138343-374-574-108
Net Proceeds from Shares 00000082024232
Net Proceeds from Borrowing 000000521-17900
Interest Paid -3-3-4-2-6-2-31-41-7-2
Dividend Paid -6-10-21-141-73-128-128-157-237-313
Others -156-46-131-163-7-8-28-17-354-24
Net Cash Flow -30329-10181316320-50

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.259.0112.3918.327.518.7717.8321.4521.9118.6
ROCE (%)15.6512.518.322.9636.3324.0422.0225.1326.8324.47
Asset Turnover Ratio0.580.580.660.760.830.810.850.790.750.7
PAT to CFO Conversion(x)1.030.911.061.010.750.411.621.451.350.96
Working Capital Days
Receivable Days80.8082.307371.6069.3072.6063.5061.307172.30
Inventory Days44.7048.8046.704949.3051.2044.9045.3047.5054.50
Payable Days57.4067.607284.4092.1088.4073.6091.10104.40113.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

JB Chemicals & Pharmaceuticals Ltd FAQs

The current trading price of JB Chem & Pharma on 05-Jun-2026 16:59 is ₹2,169.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of JB Chem & Pharma stood at ₹34,225.5 Cr

The latest P/E ratio of JB Chem & Pharma as of 04-Jun-2026 is 50.77.

The latest P/B ratio of JB Chem & Pharma as of 04-Jun-2026 is 8.48.

The 52-week high of JB Chem & Pharma is ₹2,285 and the 52-week low is ₹1,603.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JB Chem & Pharma is ₹3,890 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that JB Chemicals & Pharmaceuticals Ltd is a good quality company.

The key valuation ratios of JB Chemicals & Pharmaceuticals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of JB Chemicals & Pharmaceuticals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About JB Chemicals & Pharmaceuticals Ltd

J.B. Chemicals & Pharmaceuticals, established in 1976, is one of the fastest-growing pharmaceutical companies in India and a leading player in the hypertension and the heart-failure segment. Besides its strong India presence, which accounts for majority of its revenue, its other two home markets are Russia and South Africa. The company exports its finished formulations to many countries. Besides supplying branded generic formulations to several countries, it is also a leader in the manufacturing of medicated lozenges. It has several state-of-the-art manufacturing facilities in India including a dedicated manufacturing facility for lozenges. The manufacturing facilities are certified by leading regulators across the world.

The company has a leading global position in the contract development and manufacturing (CDMO) of medicated lozenges driven by marquee client relationships. The CDMO business provides a great opportunity for growth. The organisation is currently ranked among the top 5 manufacturers of lozenges globally and boasts of some big consumer health/ FMCG companies.

JB Pharma is one of the few Indian companies to successfully implement Osmotic Release Technology for some of its medicines. This technology is an advanced controlled-release oral drug delivery system in the form of a rigid tablet with a semi-permeable outer membrane and a small, laser-drilled hole in it. It is built for a sustained release of the drug over 24 hours.

Business area of the company

J. B. Chemicals & Pharmaceuticals is engaged in the business of manufacturing and marketing of diverse range of pharmaceutical formulations, herbal remedies and Active Pharmaceutical Ingredients (APIs). 

The company’s core therapies

Cardiology: The company emphasis on heart failure, hypertension and lipid management therapies continue to be a significant contributor in shaping the cardiology market in India 

Nephrology: JB’s commitment to nephro-protection includes public awareness initiatives, accurate diagnostic tests like micral tests and novel molecules for treatment.

Paediatrics: JB’s child health range of products offers effective yet gentle solutions for aiding digestion and sleep, fortifying nutrition to combatting infections and soothing diaper rashes.

Respiratory: JB’s commitment to lung health spans across treatments for allergies, asthma, COPD, lower respiratory tract & viral infections and interstitial lung disease.

Gastroenterology: JB is a pioneer in gastroenterology and has a diverse and comprehensive portfolio, which includes proton-pump inhibitors, pro-kinetics, antacids, laxatives and probiotics in various dosage forms.

Gynaecology: JB plays a vital role in reproductive health with a wide range of treatments for infertility, anaemia, hormonal balance and pregnancy care. Through its quality hormones (IVF), it partner with millions of couples in their journey towards a fuller life.

Dental: The company’s comprehensive treatments for ulcers, pain and infections ensure good oral health and happy expressions.

Wound Care: JB's wound care portfolio offers products for treating both acute wounds with urgency and chronic wounds with patience.

Ophthalmology: The company’s newest ophthalmology portfolio offers anti-infectives, antiglaucoma, NSAIDs and tear substitute drugs.

Milestones 

  • 1976: 1st brick in the foundation laid by late J.B. Mody by incorporating JB Chemicals & Pharmaceuticals Laboratories (JBCPL).
  • 1977: Introduced the product Metrogyl, that went on to become the ‘gold standard’ in the industry.
  • 1980: Forayed into the cardiac segment with the revolutionary product Nicardia.
  • 1985: Got publicly listed and expanded from API to Formulations.
  • 1989: Iconic product Rantac introduced.
  • 2000: Capitalized on the vast Russia & CIS OT market with 2 Brands: Doktor Mom & Rinza.
  • 2003: Received first FDA approval for our Panoli Plant:T10.
  • 2007: Launched the product Cilacar that went on to become a leading brand in cardiology and nephrology.
  • 2008: Made a strategic investment in a company in South Africa called Biotech Laboratories.
  • 2016: Received a silver award from the United States Pharmacopeia (USP) for participation in the Monograph Development & Upgradation Program and preparation and distribution of USP reference substance.
  • 2020: Leading private equity firm Kohlberg Kravis Roberts & Co. Inc. (KKR), acquired a controlling stake of JBCPL.
  • 2021: Ranked 28th in the Industry (ORG- IMS) with 5 brands: Rantac (Anti – Peptic Ulcer ant), Metrogyl (Amebicides), Nicardia ( Calcium Channel Blocker) and Cilacar-T featuring in top 300 brands of the Indian pharmaceutical market.
  • 2022: Acquisition of Azmarda and Sanzyme.
  • 2022: Launch of New JB identity.
  • 2023: 6 brands in top 300 IPM brands as per IQVIA.
  • 2023: Fastest growing company among the top 10 players in the cardiology segment.
  • 2024-25: Five of JB Pharma’s flagship brands now feature among the top 150 brands in the Indian Pharmaceutical Market (IPM). 
  • 2024-25: Sporlac has made its way into the top 300 brands, marking a significant milestone in its growth journey.
  • 2024-25: Torrent Pharmaceuticals has entered into definitive agreements to acquire a controlling stake in JB Pharma from KKR.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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