Blue Jet Healthcare Ltd

Blue Jet Healthcare Ltd

₹ 806 1.51%
21 May 9:46 a.m.
About

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]

Key Points

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.

  • Market Cap 13,975 Cr.
  • Current Price 806
  • High / Low 969 / 347
  • Stock P/E 45.8
  • Book Value 65.3
  • Dividend Yield 0.13 %
  • ROCE 40.6 %
  • ROE 30.8 %
  • 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 27.0%

Cons

  • Stock is trading at 12.2 times its book value
  • Working capital days have increased from 146 days to 225 days

* 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

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
145 190 169 217 180 181 167 184 163 208 318 340
106 132 117 147 121 119 112 131 119 139 194 200
Operating Profit 38 59 52 70 59 63 55 53 44 69 124 140
OPM % 27% 31% 31% 32% 33% 35% 33% 29% 27% 33% 39% 41%
4 7 6 6 5 8 -3 9 9 12 13 12
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 6 7 6 6 6 8 8 3 5 5 5
Profit before tax 36 59 51 70 58 64 44 54 49 77 132 147
Tax % 24% 26% 27% 27% 24% 26% 27% 27% 24% 24% 25% 25%
28 44 38 51 44 48 32 40 38 58 99 110
EPS in Rs 1.61 2.53 2.16 2.92 2.54 2.76 1.85 2.29 2.18 3.36 5.71 6.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
538 499 683 721 712 1,030
325 292 434 502 482 652
Operating Profit 214 207 249 219 229 378
OPM % 40% 41% 36% 30% 32% 37%
6 9 19 24 19 46
Interest 7 5 3 1 0 0
Depreciation 18 20 22 25 28 18
Profit before tax 194 190 243 217 220 406
Tax % 25% 26% 25% 26% 26% 25%
145 142 182 160 164 305
EPS in Rs 24,118.33 1,428.57 10.47 9.23 9.44 17.59
Dividend Payout % 0% 0% 0% 0% 11% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 15%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 19%
TTM: 78%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 113%
Return on Equity
10 Years: %
5 Years: 31%
3 Years: 27%
Last Year: 31%

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 20
92 143 173 176 211 264
Total Liabilities 364 536 713 862 1,059 1,418
107 0 156 151 172 301
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 64 105 105 121 93 225
ROCE % 58% 52% 35% 30% 41%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
86.00% 86.00% 86.00% 86.00% 86.00% 86.00%
2.93% 2.01% 2.02% 2.18% 1.10% 2.28%
3.70% 3.04% 2.14% 1.75% 2.02% 1.33%
7.37% 8.97% 9.83% 10.06% 10.87% 10.38%
No. of Shareholders 55,58948,62542,88241,93343,00354,581

* 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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