Jubilant Pharmova Ltd
Jubilant Pharmova Ltd is an integrated global pharmaceuticals company having three business segments i.e. pharmaceuticals, contract research and development services and proprietary novel drugs.[1]
- Market Cap ₹ 15,509 Cr.
- Current Price ₹ 974
- High / Low ₹ 1,250 / 784
- Stock P/E 35.5
- Book Value ₹ 445
- Dividend Yield 0.51 %
- ROCE 8.99 %
- ROE 6.55 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 43.9%
- Company's working capital requirements have reduced from 28.6 days to 13.4 days
Cons
- The company has delivered a poor sales growth of 6.31% over past five years.
- Company has a low return on equity of 5.80% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -3.01%
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,751 | 5,749 | 5,861 | 7,518 | 9,111 | 5,976 | 6,099 | 6,130 | 6,282 | 6,703 | 7,234 | 8,280 | |
| 5,141 | 4,493 | 4,510 | 5,995 | 7,367 | 4,428 | 4,695 | 4,980 | 5,503 | 5,802 | 6,061 | 7,020 | |
| Operating Profit | 610 | 1,256 | 1,352 | 1,522 | 1,744 | 1,548 | 1,403 | 1,150 | 779 | 901 | 1,173 | 1,260 |
| OPM % | 11% | 22% | 23% | 20% | 19% | 26% | 23% | 19% | 12% | 13% | 16% | 15% |
| 86 | 4 | 19 | 36 | -249 | 225 | 263 | 8 | -9 | -76 | 416 | 7 | |
| Interest | 368 | 371 | 341 | 284 | 220 | 200 | 184 | 145 | 188 | 272 | 240 | 212 |
| Depreciation | 288 | 347 | 291 | 415 | 371 | 340 | 349 | 382 | 554 | 382 | 369 | 440 |
| Profit before tax | 40 | 542 | 738 | 859 | 904 | 1,233 | 1,133 | 630 | 28 | 170 | 981 | 614 |
| Tax % | 200% | 29% | 22% | 26% | 36% | 27% | 26% | 34% | 333% | 57% | 15% | 35% |
| -40 | 387 | 575 | 634 | 577 | 898 | 836 | 413 | -65 | 73 | 836 | 398 | |
| EPS in Rs | -3.63 | 24.60 | 36.14 | 40.35 | 36.06 | 56.39 | 52.47 | 25.98 | -3.83 | 4.84 | 52.69 | 25.02 |
| Dividend Payout % | -83% | 12% | 8% | 7% | 12% | 9% | 10% | 19% | -130% | 102% | 9% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | 10% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -13% |
| 3 Years: | 47% |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 5% |
| 3 Years: | 39% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 4% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 2,438 | 2,951 | 3,420 | 4,071 | 4,793 | 5,588 | 4,726 | 5,303 | 5,383 | 5,418 | 6,239 | 7,077 |
| 4,793 | 4,493 | 4,045 | 3,469 | 4,840 | 4,808 | 2,830 | 3,192 | 3,677 | 3,664 | 2,731 | 3,615 | |
| 1,372 | 1,280 | 1,417 | 1,902 | 1,670 | 1,898 | 1,192 | 1,319 | 1,853 | 2,240 | 3,598 | 4,815 | |
| Total Liabilities | 8,619 | 8,740 | 8,899 | 9,457 | 11,319 | 12,310 | 8,763 | 9,830 | 10,929 | 11,338 | 12,584 | 15,523 |
| 4,911 | 5,104 | 5,107 | 5,401 | 5,648 | 6,340 | 4,609 | 4,871 | 5,183 | 5,091 | 5,176 | 8,044 | |
| CWIP | 597 | 611 | 684 | 671 | 901 | 768 | 897 | 1,090 | 1,562 | 2,103 | 3,630 | 2,962 |
| Investments | 40 | 85 | 103 | 124 | 115 | 69 | 241 | 239 | 256 | 42 | 44 | 61 |
| 3,071 | 2,939 | 3,006 | 3,262 | 4,654 | 5,133 | 3,017 | 3,631 | 3,928 | 4,101 | 3,735 | 4,455 | |
| Total Assets | 8,619 | 8,740 | 8,899 | 9,457 | 11,319 | 12,310 | 8,763 | 9,830 | 10,929 | 11,338 | 12,584 | 15,523 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 783 | 1,099 | 1,268 | 1,303 | 1,122 | 1,543 | 1,784 | 838 | 661 | 971 | 1,072 | 1,227 | |
| -362 | -309 | -465 | -614 | -1,018 | -267 | -727 | -323 | -474 | -596 | 512 | -1,260 | |
| -503 | -843 | -686 | -901 | 657 | -1,050 | -1,709 | -33 | -157 | -432 | -1,453 | 95 | |
| Net Cash Flow | -82 | -52 | 117 | -212 | 761 | 225 | -652 | 482 | 30 | -58 | 132 | 62 |
| Free Cash Flow | 434 | 760 | 806 | 819 | 473 | 975 | 1,270 | 241 | -135 | 83 | -38 | -120 |
| CFO/OP | 141% | 91% | 104% | 103% | 84% | 116% | 155% | 90% | 111% | 131% | 112% | 114% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 52 | 60 | 63 | 55 | 51 | 79 | 49 | 55 | 56 | 50 | 45 | 47 |
| Inventory Days | 169 | 207 | 223 | 177 | 147 | 463 | 268 | 308 | 268 | 220 | 178 | 170 |
| Days Payable | 99 | 106 | 137 | 145 | 106 | 273 | 124 | 139 | 160 | 146 | 158 | 170 |
| Cash Conversion Cycle | 122 | 162 | 149 | 87 | 92 | 268 | 194 | 224 | 165 | 124 | 65 | 47 |
| Working Capital Days | 12 | 4 | 50 | 45 | 45 | 62 | 74 | 56 | 57 | 56 | 16 | 13 |
| ROCE % | 6% | 13% | 15% | 15% | 16% | 15% | 12% | 10% | 3% | 7% | 10% | 9% |
Insights
In beta| Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Global Presence (Countries Served) Number |
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| Number of Radiopharmacies (USA) Number |
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| CDMO Sterile Injectable Capacity Expansion Project Cost (Spokane) USD Million |
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| Cumulative US ANDA Approvals Number |
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| Global Vitamin B3 Market Ranking Rank |
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| Drug Discovery FTE Capacity Number |
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| Number of Integrated Drug Discovery Programs Delivered Number |
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| Radiopharmaceuticals Manufacturing Capacity Utilization % |
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| Ruby-Fill (Cardiac PET) US Market Share % |
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| US Radiopharmacy Volume Market Share % |
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Extracted by Screener AI
Documents
Announcements
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USFDA Inspection Update - Contract Manufacturing Facility At Montreal, Canada
29 May - USFDA issued warning letter for Montreal facility after Oct 20-Nov 3, 2025 inspection.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Jubilant Pharmova filed Annual Secretarial Compliance Report for FY 2025-26; no non-compliances reported.
- Earnings Call Transcript 27 May
- Announcement under Regulation 30 (LODR)-Newspaper Publication 23 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 May - Audio recording of earnings webinar for audited Q4 and FY2026 results uploaded on May 22, 2026.
Annual reports
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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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Financial Year 2011
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Concalls
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May 2026Transcript PPT
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Feb 2026TranscriptAI SummaryPPT
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Mar 2022TranscriptAI SummaryPPT
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Oct 2018TranscriptPPT
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Jul 2018TranscriptPPT
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Jun 2018TranscriptAI SummaryPPT
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Business Segments & Revenue Contribution 9MFY24[1][2]
a) Radiopharma (~44%): Radiopharmaceuticals (including radiopharmacies)The company is the #3 radiopharmaceutical manufacturer in the US and has the #2 network in the US with 46 radiopharmacies. In 9MFY24, sale of Mertiatide, Sulfur colloid) and Ruby-Fill did very well. RUBY-FILL is a cardiac imaging product. Company plans to maintain its leadership position in North America.[3]