J B Chemicals & Pharmaceuticals Ltd
J.B. Chemicals and Pharmaceuticals Limited, established in 1976, is one of India's leading pharmaceutical companies. An integrated, publicly-listed organization with a focus on supplying affordable, quality products both in India and internationally, JBCPL is trusted by healthcare professionals globally. [1]
- Market Cap ₹ 39,104 Cr.
- Current Price ₹ 2,436
- High / Low ₹ 2,474 / 1,603
- Stock P/E 57.2
- Book Value ₹ 251
- Dividend Yield 0.90 %
- ROCE 24.8 %
- ROE 18.4 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 41.5%
- Promoter holding has increased by 1.25% over last quarter.
Cons
- Stock is trading at 9.68 times its book value
- Promoter holding has decreased over last 3 years: -5.13%
- Working capital days have increased from 85.3 days to 127 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Part of BSE 500 BSE Healthcare Nifty 500 Nifty Pharma Nifty500 Shariah
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,061 | 1,144 | 1,175 | 1,250 | 1,501 | 1,641 | 1,892 | 2,190 | 2,884 | 3,299 | 3,723 | 3,890 | |
| 868 | 917 | 952 | 1,050 | 1,209 | 1,270 | 1,340 | 1,681 | 2,219 | 2,419 | 2,705 | 2,834 | |
| Operating Profit | 193 | 226 | 222 | 199 | 292 | 370 | 552 | 509 | 665 | 880 | 1,018 | 1,056 |
| OPM % | 18% | 20% | 19% | 16% | 19% | 23% | 29% | 23% | 23% | 27% | 27% | 27% |
| 10 | 55 | 46 | 39 | 37 | 37 | 116 | 39 | 9 | 34 | 35 | 28 | |
| Interest | 7 | 10 | 5 | 3 | 5 | 3 | 7 | 5 | 34 | 41 | 9 | 5 |
| Depreciation | 38 | 40 | 46 | 56 | 55 | 65 | 67 | 71 | 112 | 135 | 166 | 177 |
| Profit before tax | 159 | 231 | 217 | 179 | 269 | 340 | 594 | 471 | 527 | 738 | 877 | 903 |
| Tax % | 29% | 22% | 20% | 29% | 32% | 21% | 25% | 23% | 26% | 26% | 26% | 25% |
| 114 | 179 | 173 | 128 | 182 | 268 | 447 | 361 | 389 | 543 | 653 | 674 | |
| EPS in Rs | 6.70 | 10.57 | 10.20 | 7.66 | 11.34 | 17.34 | 28.92 | 23.35 | 25.12 | 35.01 | 41.92 | 41.98 |
| Dividend Payout % | 105% | 24% | 5% | 13% | 22% | 32% | 29% | 35% | 35% | 35% | 37% | 52% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 10% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 11% |
| 3 Years: | 21% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 22% |
| 3 Years: | 25% |
| 1 Year: | 51% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 19% |
| 3 Years: | 19% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 16 | 15 | 15 | 15 | 15 | 16 | 16 | 16 |
| Reserves | 999 | 1,206 | 1,371 | 1,437 | 1,469 | 1,430 | 1,791 | 2,088 | 2,427 | 2,871 | 3,362 | 4,022 |
| 105 | 175 | 49 | 28 | 26 | 29 | 39 | 52 | 547 | 359 | 12 | 3 | |
| 327 | 244 | 248 | 285 | 283 | 337 | 355 | 382 | 480 | 668 | 788 | 783 | |
| Total Liabilities | 1,449 | 1,641 | 1,684 | 1,767 | 1,793 | 1,811 | 2,200 | 2,538 | 3,470 | 3,914 | 4,178 | 4,823 |
| 301 | 369 | 609 | 570 | 552 | 583 | 565 | 1,204 | 1,822 | 1,925 | 1,883 | 1,796 | |
| CWIP | 55 | 135 | 4 | 17 | 15 | 16 | 26 | 19 | 55 | 76 | 62 | 74 |
| Investments | 598 | 612 | 544 | 567 | 589 | 536 | 811 | 146 | 339 | 531 | 488 | 908 |
| 495 | 525 | 528 | 613 | 636 | 676 | 799 | 1,170 | 1,254 | 1,381 | 1,745 | 2,045 | |
| Total Assets | 1,449 | 1,641 | 1,684 | 1,767 | 1,793 | 1,811 | 2,200 | 2,538 | 3,470 | 3,914 | 4,178 | 4,823 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 143 | 171 | 178 | 116 | 193 | 272 | 335 | 147 | 629 | 789 | 884 | 645 | |
| -122 | -52 | -42 | -24 | -28 | 24 | -231 | 4 | -956 | -412 | -290 | -587 | |
| -23 | -97 | -165 | -59 | -156 | -305 | -87 | -138 | 343 | -374 | -574 | -108 | |
| Net Cash Flow | -2 | 22 | -30 | 32 | 9 | -10 | 18 | 13 | 16 | 2 | 20 | -50 |
| Free Cash Flow | 73 | -18 | 25 | 87 | 152 | 203 | 336 | -550 | -128 | 532 | 774 | 566 |
| CFO/OP | 94% | 98% | 102% | 77% | 87% | 97% | 86% | 54% | 108% | 104% | 106% | 84% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 85 | 82 | 88 | 73 | 77 | 72 | 86 | 66 | 69 | 75 | 67 |
| Inventory Days | 109 | 108 | 131 | 134 | 142 | 149 | 163 | 172 | 136 | 152 | 137 | 193 |
| Days Payable | 53 | 56 | 65 | 76 | 76 | 97 | 96 | 96 | 78 | 109 | 112 | 111 |
| Cash Conversion Cycle | 141 | 137 | 149 | 145 | 139 | 128 | 139 | 162 | 124 | 112 | 101 | 148 |
| Working Capital Days | 24 | 38 | 80 | 98 | 92 | 82 | 89 | 124 | 81 | 52 | 77 | 127 |
| ROCE % | 14% | 17% | 12% | 9% | 17% | 22% | 32% | 22% | 22% | 24% | 26% | 25% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Field Force Productivity (PCPM) INR Lakhs per MR per month |
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| Number of Brands in Top 300 IPM Count |
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| Cardiac Therapy Rank in IPM Rank |
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| Field Force Size (MRs and Supervisors) Count |
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| IPM Rank (Indian Pharmaceutical Market) Rank |
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| Number of Manufacturing Facilities Count |
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| JB Pharma IQVIA Growth Outperformance vs IPM percentage points |
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| Number of Global Regulatory Accreditations Count |
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Extracted by Screener AI
Documents
Announcements
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Intimation Of Effective Date Of Scheme Of Amalgamation Of
J. B. Chemicals & Pharmaceuticals Limited With Torrent Pharmaceuticals Limited And Their Respective Shareholders
8 Jul - JB Chemicals merged into Torrent Pharma effective 8 July 2026; appointed date 21 January 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jul
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Record Date For The Purpose Of Determining The Shareholders Of The Company Who Shall Be Entitled To Receive Fully Paid-Up Equity Shares Of Torrent Pharma As Per The Share Exchange Ratio
7 Jul - Record date fixed for 17 July 2026 under JB Chemicals-Torrent Pharma amalgamation, ratio 51:100.
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Receipt Of Certified Copy Of Order Passed By National Company Law Tribunal, Ahmedabad Bench ('NCLT') Regarding The Scheme Of Amalgamation Of J. B. Chemicals & Pharmaceuticals Limited With Torrent Pharmaceuticals Limited And Their Respective Shareholders.
7 Jul - Certified copy received for NCLT order sanctioning JB Chemicals amalgamation with Torrent Pharmaceuticals on 6 July 2026.
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Pronouncement Of Final Order By The Hon'Ble National Company Law Tribunal, Ahmedabad Bench Sanctioning The Scheme Of Amalgamation Of J. B. Chemicals & Pharmaceuticals Limited With Torrent Pharmaceuticals Limited And Their Respective Shareholders
6 Jul - NCLT sanctioned J.B. Chemicals’ amalgamation with Torrent Pharmaceuticals on July 6, 2026.
Annual reports
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Financial Year 2026
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Concalls
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May 2026TranscriptPPTREC
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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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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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Dec 2023Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Jan 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Jan 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Aug 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Mar 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
Change in Management[1]
Torrent Pharmaceuticals Ltd. acquired control of the company through share purchase agreements executed in Jun and Jul'25, followed by an open offer under SEBI takeover regulations. The acquisition was completed in Jan and Feb'26, after which Torrent Pharma became the promoter of the company with a 48.8% equity stake as of Mar'26.