Blue Jet Healthcare Ltd
Incorporated in 1968, Blue Jet Healthcare (earlier called Jet Chemicals Pvt Ltd) is a pharmaceutical and healthcare ingredient & intermediate company and the first manufacturer of saccharin and its salts (artificial sweeteners) in India.[1]
- Market Cap ₹ 12,437 Cr.
- Current Price ₹ 717
- High / Low ₹ 1,028 / 464
- Stock P/E 34.7
- Book Value ₹ 65.3
- Dividend Yield 0.17 %
- ROCE 39.8 %
- ROE 30.2 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%
Cons
- Stock is trading at 11.0 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|
538 | 499 | 683 | 721 | 712 | 1,030 | 1,222 | |
325 | 292 | 434 | 502 | 481 | 652 | 767 | |
Operating Profit | 214 | 207 | 249 | 219 | 231 | 378 | 454 |
OPM % | 40% | 41% | 36% | 30% | 32% | 37% | 37% |
6 | 9 | 19 | 24 | 18 | 46 | 46 | |
Interest | 7 | 5 | 3 | 1 | 0 | 0 | 1 |
Depreciation | 18 | 20 | 22 | 25 | 28 | 18 | 20 |
Profit before tax | 194 | 190 | 243 | 217 | 220 | 406 | 479 |
Tax % | 25% | 26% | 25% | 26% | 26% | 25% | |
145 | 142 | 182 | 160 | 164 | 305 | 359 | |
EPS in Rs | 24,118.33 | 1,428.57 | 10.47 | 9.23 | 9.44 | 17.59 | 20.68 |
Dividend Payout % | 0% | 0% | 0% | 0% | 11% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 15% |
TTM: | 76% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 18% |
TTM: | 118% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 27% |
Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 0.60 | 10 | 35 | 35 | 35 | 35 |
Reserves | 198 | 330 | 487 | 647 | 811 | 1,098 |
74 | 53 | 19 | 5 | 3 | 21 | |
92 | 143 | 173 | 176 | 211 | 263 | |
Total Liabilities | 364 | 536 | 713 | 862 | 1,059 | 1,418 |
107 | 0 | 156 | 151 | 172 | 300 | |
CWIP | 2 | 3 | 3 | 30 | 147 | 89 |
Investments | 26 | 37 | 94 | 189 | 250 | 187 |
229 | 497 | 460 | 491 | 489 | 841 | |
Total Assets | 364 | 536 | 713 | 862 | 1,059 | 1,418 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
122 | 137 | 146 | 142 | 241 | 46 | |
-45 | -61 | -76 | -147 | -264 | -35 | |
-72 | -21 | -56 | -4 | -2 | -19 | |
Net Cash Flow | 5 | 55 | 14 | -10 | -24 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 80 | 105 | 121 | 121 | 91 | 124 |
Inventory Days | 120 | 201 | 133 | 137 | 151 | 209 |
Days Payable | 90 | 101 | 72 | 58 | 35 | 70 |
Cash Conversion Cycle | 110 | 204 | 183 | 199 | 206 | 262 |
Working Capital Days | 55 | 105 | 103 | 120 | 92 | 157 |
ROCE % | 58% | 53% | 35% | 30% | 40% |
Documents
Announcements
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Announcement Under Regulation 30 (LODR)-Offer For Sale
1d - Akshay Arora sold 10,734,529 shares (6.19%) on Sep 10-11, 2025; promoter stake falls to 79.81%.
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Updates on Notice of Offer for Sale of Shares by Promoter
10 Sep - With reference to the earlier announcement dated September 09, 2025 regarding Notice of Offer for Sale of Shares by Promoter & Floor Price, Akshay Bansarilal …
- Notice of Offer for Sale of Shares by Promoter & Floor Price 9 Sep
- Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep
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Business Responsibility and Sustainability Reporting (BRSR)
2 Sep - Filed Business Responsibility and Sustainability Report for FY2024-25; available on company website, dated September 2, 2025.
Concalls
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
Product Portfolio
A) Contrast Media Intermediates (67.7% of FY24 revenue)[1]
Contrast media are chemical agents that enhance imaging clarity for diagnostic purposes, making tissues more visible under X-rays, CT scans, MRIs, and ultrasounds. The company supplies critical starting and advanced intermediates to the world's top contrast media manufacturers.