Jubilant Ingrevia Ltd
Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers with our customised products and solutions that are innovative, cost-effective and conforming to excellent quality standards.
Jubilant Ingrevia’s portfolio also extends to custom research and manufacturing for pharmaceutical and agrochemical customers on an exclusive basis. [1]
- Market Cap ₹ 10,430 Cr.
- Current Price ₹ 655
- High / Low ₹ 885 / 535
- Stock P/E 38.1
- Book Value ₹ 158
- Dividend Yield 0.76 %
- ROCE 12.8 %
- ROE 11.2 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 36.9%
Cons
- Stock is trading at 4.16 times its book value
- Company has a low return on equity of 10.4% over last 3 years.
- Promoter holding has decreased over last 3 years: -6.25%
* 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Commodities
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 | |
|---|---|---|---|---|---|---|---|
| 0 | 669 | 4,860 | 4,560 | 3,987 | 3,941 | 3,994 | |
| 0 | 572 | 4,039 | 4,064 | 3,578 | 3,466 | 3,513 | |
| Operating Profit | -0 | 97 | 821 | 496 | 409 | 475 | 481 |
| OPM % | 14% | 17% | 11% | 10% | 12% | 12% | |
| 0 | -10 | 21 | 30 | 29 | 81 | 85 | |
| Interest | 0 | 9 | 46 | 38 | 66 | 65 | 60 |
| Depreciation | 0 | 21 | 120 | 120 | 133 | 147 | 151 |
| Profit before tax | -0 | 56 | 675 | 368 | 239 | 343 | 355 |
| Tax % | 0% | 31% | 33% | 31% | 32% | 23% | |
| -0 | 39 | 452 | 253 | 162 | 263 | 274 | |
| EPS in Rs | -3.40 | 2.42 | 28.39 | 15.91 | 10.20 | 16.54 | 17.16 |
| Dividend Payout % | 0% | 14% | 18% | 31% | 49% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 335% |
| 3 Years: | -17% |
| TTM: | 91% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 10% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | -0 | 1,560 | 1,967 | 2,143 | 2,231 | 2,425 | 2,494 |
| 0 | 782 | 469 | 645 | 870 | 825 | 824 | |
| 0 | 882 | 1,200 | 1,255 | 1,223 | 1,255 | 1,265 | |
| Total Liabilities | 0 | 3,240 | 3,652 | 4,058 | 4,340 | 4,521 | 4,598 |
| 0 | 1,727 | 1,728 | 1,775 | 2,292 | 2,335 | 2,356 | |
| CWIP | 0 | 65 | 167 | 477 | 181 | 197 | 171 |
| Investments | 0 | 135 | 139 | 172 | 297 | 310 | 310 |
| 0 | 1,313 | 1,619 | 1,635 | 1,571 | 1,679 | 1,761 | |
| Total Assets | 0 | 3,240 | 3,652 | 4,058 | 4,340 | 4,521 | 4,598 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0 | 104 | 587 | 446 | 394 | 441 | |
| 0 | 32 | -221 | -475 | -464 | -211 | |
| 0 | -70 | -410 | 33 | 64 | -208 | |
| Net Cash Flow | 0 | 66 | -44 | 3 | -6 | 22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 262 | 44 | 40 | 52 | 53 | |
| Inventory Days | 490 | 97 | 127 | 132 | 141 | |
| Days Payable | 649 | 101 | 117 | 129 | 139 | |
| Cash Conversion Cycle | 103 | 40 | 50 | 55 | 55 | |
| Working Capital Days | 179 | 32 | 23 | 12 | 18 | |
| ROCE % | 7% | 30% | 16% | 11% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
31 Oct - Earning Call Transcript held on October 27, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Oct - Newspaper Publication of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 Oct - Jubilant Ingrevia uploaded Oct 27, 2025 audio of Q2/H1 FY26 investors' conference call.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Oct - Q2/H1 FY26 results: Q2 EBITDA +8% YoY, PAT +18%; H1 EBITDA +18%, PAT +34%; CDMO growth, new MPP groundbreaking.
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Grant Of Options/ Restricted Stock Units (Rsus) Under Jubilant Ingrevia Employees Stock Option Plan 2021
27 Oct - Grant of 1,23,704 Stock Options/RSUs on Oct 27, 2025; exercise prices Re.1 and Rs.677.70.
Annual reports
Concalls
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Oct 2025TranscriptPPTREC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Mar 2025Transcript PPT
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Jan 2025Transcript PPT REC
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Oct 2024TranscriptPPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Jul 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptPPT
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Mar 2022TranscriptNotesPPT
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Mar 2022TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Oct 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Aug 2021TranscriptPPT
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Jun 2021Transcript PPT
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May 2021TranscriptPPT
Leadership[1]
# 40+ years of legacy in Chemicals space, started in 1978
# Global player in Pyridine + Beta, Vitamin B3 and Acetic Anhydride.
# Serves 15 of the top 20 Global Pharma & 7 of the top 10 Global Agrochemical companies.
# Leading Low-Cost provider.