J B Chemicals & Pharmaceuticals Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 11,226 Cr.
  • Current Price 1,455
  • High / Low 1,494 / 564
  • Stock P/E 28.2
  • Book Value 210
  • Dividend Yield 0.76 %
  • ROCE 22.5 %
  • ROE 17.8 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 22.47% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.36%

Cons

  • The company has delivered a poor sales growth of 9.18% over past five years.
  • Company has a low return on equity of 12.65% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
407 435 382 419 446 456 429 444 522 444 548
326 354 304 353 350 356 339 352 367 333 377
Operating Profit 81 82 78 66 96 100 90 92 155 110 171
OPM % 20% 19% 20% 16% 22% 22% 21% 21% 30% 25% 31%
Other Income 1 9 16 16 13 19 16 -7 23 8 56
Interest 1 1 1 1 1 1 1 0 4 2 1
Depreciation 15 15 15 12 16 16 17 17 17 17 17
Profit before tax 66 75 78 68 92 102 88 67 157 99 208
Tax % 31% 31% 36% 31% 32% 8% 25% 25% 24% 26% 26%
Net Profit 46 51 50 47 62 94 66 50 119 74 154
EPS in Rs 5.46 6.14 6.21 5.82 7.73 11.67 8.26 6.49 15.45 9.55 19.94

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
715 739 891 802 866 1,022 1,144 1,210 1,344 1,408 1,643 1,775 1,958
658 587 698 702 760 892 964 1,004 1,112 1,191 1,337 1,407 1,429
Operating Profit 57 152 193 100 106 130 180 206 232 217 306 368 528
OPM % 8% 21% 22% 13% 12% 13% 16% 17% 17% 15% 19% 21% 27%
Other Income 16 29 6 790 27 -9 11 58 50 37 41 51 80
Interest 15 12 10 24 4 6 7 11 5 3 5 3 7
Depreciation 20 22 23 22 25 28 39 41 47 57 56 66 70
Profit before tax 37 148 165 843 104 87 146 212 230 194 287 349 532
Tax % 30% 20% 16% 20% 23% 30% 31% 23% 20% 28% 32% 22%
Net Profit 26 119 139 678 79 62 100 163 184 138 193 272 397
EPS in Rs 3.05 14.08 16.49 80.03 9.38 7.26 11.84 19.16 21.70 16.55 24.11 35.20 51.43
Dividend Payout % 33% 14% 12% 51% 32% 41% 118% 26% 5% 12% 21% 31%
Compounded Sales Growth
10 Years:9%
5 Years:9%
3 Years:10%
TTM:12%
Compounded Profit Growth
10 Years:8%
5 Years:22%
3 Years:20%
TTM:48%
Stock Price CAGR
10 Years:25%
5 Years:43%
3 Years:65%
1 Year:143%
Return on Equity
10 Years:11%
5 Years:12%
3 Years:13%
Last Year:18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
17 17 17 17 17 17 17 17 17 17 16 15 15
Reserves 452 551 675 953 1,003 1,026 978 1,167 1,347 1,425 1,464 1,420 1,611
Borrowings 179 137 169 71 50 93 127 193 49 29 26 32 31
99 132 139 157 230 215 365 270 262 294 286 346 397
Total Liabilities 746 837 999 1,198 1,300 1,351 1,487 1,648 1,674 1,765 1,792 1,814 2,054
247 247 258 276 334 311 329 440 679 640 621 651 650
CWIP 7 0 4 39 5 46 55 135 4 17 15 16 16
Investments 7 24 85 302 398 500 552 479 411 434 457 403 460
485 566 652 581 563 494 552 594 580 674 699 743 928
Total Assets 746 837 999 1,198 1,300 1,351 1,487 1,648 1,674 1,765 1,792 1,814 2,054

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
91 122 134 880 84 -14 127 140 201 123 194 275
-14 -29 -89 -261 -116 -142 -112 -26 -45 -21 -28 24
-48 -58 5 -526 -31 12 -1 -100 -184 -60 -156 -306
Net Cash Flow 29 34 49 93 -63 -144 13 15 -28 43 11 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 24% 22% 11% 8% 13% 13% 15% 14% 11% 18% 23%
Debtor Days 155 170 142 62 81 84 84 82 72 78 68 71
Inventory Turnover 3.35 3.09 3.05 3.26 3.97 3.82 3.53 3.11 3.00 2.88 2.88 2.67

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
55.81 55.81 56.06 56.02 56.02 56.02 55.68 55.91 55.91 55.91 55.91 55.91
4.75 4.82 5.27 5.34 5.13 5.94 7.11 7.18 7.78 7.25 7.87 7.54
13.25 14.12 16.02 15.82 15.96 15.35 14.08 14.56 14.35 12.38 13.91 13.17
26.19 25.24 22.65 22.82 22.89 22.68 23.13 22.35 21.96 24.47 22.31 23.38

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