Jubilant Pharmova Ltd.

NSE: JUBLPHARMA | BSE: 530019 | ISIN: INE700A01033 | Industry: Pharmaceuticals
| Mid-range Performer
1088.0000 -15.30 (-1.39%)
NSE Aug 12, 2025 10:09 AM
Volume: 27,294
 

1088.00
-1.39%
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.
Jubilant Pharmova Ltd. is trading above its 200 day SMA of 1051.2
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