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 ₹ 6,209 Cr.
- Current Price ₹ 358
- High / Low ₹ 1,028 / 344
- Stock P/E 44.1
- Book Value ₹
- Dividend Yield 0.34 %
- ROCE 57.3 %
- ROE 52.1 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
* 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Part of BSE 500 BSE Healthcare Nifty 500 BSE Allcap BSE 250 SmallCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | |
|---|---|---|
| 538 | 499 | |
| 324 | 293 | |
| Operating Profit | 214 | 206 |
| OPM % | 40% | 41% |
| 6 | 4 | |
| Interest | 7 | 5 |
| Depreciation | 18 | 20 |
| Profit before tax | 194 | 185 |
| Tax % | 25% | 26% |
| 145 | 136 | |
| EPS in Rs | 24,141.67 | 1,396.49 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -61% |
| Return on Equity | |
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| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 52% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | |
|---|---|---|
| Equity Capital | 0.60 | 10 |
| Reserves | 201 | 330 |
| 79 | 53 | |
| 95 | 143 | |
| Total Liabilities | 375 | 536 |
| 107 | 139 | |
| CWIP | 2 | 3 |
| Investments | 34 | 37 |
| 232 | 358 | |
| Total Assets | 375 | 536 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | |
|---|---|---|
| 123 | 129 | |
| -45 | -51 | |
| -72 | -28 | |
| Net Cash Flow | 5 | 51 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | |
|---|---|---|
| Debtor Days | 80 | 105 |
| Inventory Days | 120 | 253 |
| Days Payable | 90 | 128 |
| Cash Conversion Cycle | 110 | 231 |
| Working Capital Days | 51 | 88 |
| ROCE % | 57% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Export Revenue Contribution % |
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| Number of Customers Globally Number |
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| Total Reaction Capacity KL |
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| Commercialized Products - Contrast Media Intermediates Number |
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| Commercialized Products - High Intensity Sweeteners Number |
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| Commercialized Products - Pharma Intermediates & APIs Number |
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| Number of Manufacturing Facilities Number |
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| Total Commercialized Products Number |
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| Global Market Share - Top 4 Contrast Media Players (served by Blue Jet) % |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Mar - Investor one-to-one meeting with Muddy Waters Capital on March 16, 2026; no unpublished price-sensitive information disclosed.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Feb - Groundbreaking for Vizag facility; Board-approved Phase 1 ₹1,000 crore; potential up to ₹2,300 crore.
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Company Update
19 Feb - Blue Jet to hold Bhoomi Pujan for new Rambilli manufacturing facility on Feb 28, 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 Feb - Transcript of Earnings call for Financial Results for the quarter and nine months ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Feb - Kotak Chasing Growth 2026 meetings on Feb 23, 2026 (physical); one-to-one/group; no unpublished price-sensitive info.
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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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.