Jubilant Pharmova Ltd.

NSE: JUBLPHARMA | BSE: 530019 | ISIN: INE700A01033 | Industry: Pharmaceuticals
| Mid-range Performer
1047.4000 -4.80 (-0.46%)
NSE Sep 04, 2025 11:03 AM
Volume: 31,068
 

1047.40
-0.46%
HDFC Securities
Despite facing regulatory issues with the generic business, JUBILANT to report at least 10% revenue growth in our view, aided by increasing traction in specialty segments and LSI business. However, margin expansion at 150bps (FY19-21E) is likely to be slower than anticipated earlier due to persistent cost pressures in LSI and inferior business mix. Still, with the help of reduced debt (by US$ 135mn), we expect EPS to deliver 19% CAGR over FY19-21E. With a 30% fall in stock price over the last 2 months owing to regulatory issues, the valuations have become really attractive at 10/8x FY20/21E P/E. Maintain BUY We maintain BUY on JUBILANT despite a miss on our estimates. Our TP is revised at Rs 915/sh (12x FY21E EPS) following a 9% cut in FY21E EPS due to inferior biz mix.
Number of FII/FPI investors increased from 196 to 233 in Jun 2025 qtr.
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