915.80 -7.30 (-0.79%)
NSESep 24, 2020 02:14 PM
The 1 reports from 1 analysts offering long term price targets for J B Chemicals & Pharmaceuticals Ltd. have an average target of 1130.00. The consensus estimate represents an upside of 23.39% from the last price of 915.80.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-09-16||J B Chemicals & Phar..||Dolat Capital||1069.70||1130.00||1069.70 (-14.39%)||Target met||Hold|
JBCPL reported a strong Q1, led by 8.6% YoY growth in domestic formulations (11% QoQ despite a high base) vs IPM de-growth of 5%. The sharp growth was driven by cardiac portfolio (up 24%) Cilacar and Nicardia as acute declined 1% YoY. Exports (both formulations and API) grew 28% YoY led by higher stocking. Improved product mix coupled with lower opex led EBITDA margins surge to 34% (up 980 bps YoY). Management expects to outperform IPM growth and sustenance in export growth in FY21E. Further, it remains confident of its growth in the...
|2019-02-26||J B Chemicals & Phar..||HDFC Securities||333.00||333.00 (175.02%)||Not Rated|
While we don't actively cover JBCP, a fair value of Rs 470/sh (at 14x FY21E EPS, 5-year avg P/E) is apparent to us. We recently met the management of J B Chemicals & Pharmaceuticals (JBCP), an Indian pharma company with legacy brands like Rantac and Metrogyl. It is also present in markets like Russia and South Africa. Cos track-record has been mostly steady with ~10/15/18% rev/EBITDA/PAT CAGR over FY15-19E, driven by 15% growth in the India segment (~45% of revenues in FY19E).
|2017-11-09||J B Chemicals & Phar..||Geojit BNP Paribas||295.00||342.00||295.00 (210.44%)||Target met||Buy|
J.B. Chemicals & Pharmaceuticals Ltd (JBCPL) is India's leading pharmaceutical company that manufactures & markets a range of pharmaceutical formulations, herbal remedies and APIs. It exports to many countries globally. Field force expansion along with new product launches given company's continued...
|2017-04-14||J B Chemicals & Phar..||Choice India||335.40||335.40 (173.05%)||Buy|
J. B. Chemicals & Pharmaceuticals Limited (JBCPL) is a pharmaceutical company. The Company manufactures and markets a range of pharmaceutical formulations, herbal remedies and active pharmaceutical ingredient (APIs). The Company's business segments include domestic formulation business, exports and API business. The Company markets various contrast media products in India, such as Contrapaque (Iohexol), Lek Pamidol (Iopamidol), Trazograf (Diatrazoic acid), Trazogastro - Oral contrast (Diatrazoic acid), Magnilek Injection (Gadopentatic acid) and Cardiolek Injection (Iodixanol). The Company's brands for the Indian pharmaceutical market...
|2017-03-03||J B Chemicals & Phar..||CD Equisearch||327.95||386.00||327.95 (179.25%)||Accumulate|
JBCPL, one of India's leading pharmaceutical companies, manufactures and markets a diverse range of pharmaceutical formulations, herbal remedies and APIs. JBCPL exports to many countries worldwide with a strong...
|2016-09-14||J B Chemicals & Phar..||CD Equisearch||359.20||456.00||359.20 (154.96%)||Buy|
JBCPL, one of India's leading pharmaceutical companies, manufactures and markets a diverse range of pharmaceutical formulations, herbal remedies and APIs. JBCPL exports to many countries worldwide with a strong presence in in Russia, Ukraine, CIS countries and South Africa.
The income from operations in FY16, which was the highest in a decade, registered a growth of a 9.7% y-o-y. The company which has seen better profit margins in the past (read: FY10 and FY11), exhibited an operating profit margin of 16.4% and a net profit margin of 12.2 During the year, Biotech Laboratories (Pty.) Ltd., South Afri subsidiary of the company, with company’s interest going up to 95.24% from 49%. This strategic investment will allow the Company to expand its business in South Africa and SADC countries, which hold good growth potential.The domestic formulation business which somehow managed to contribute 35% in the Q4FY16, grew almost 31% q-o-q, contributing a beefy 43% last quarter i.e., Q1FY17. The volatile currency situation cast down the exports, which rendered a decline of 11.2% q-o-q.
|2016-02-10||J B Chemicals & Phar..||AUM Capital||246.00||306.00||246.00 (272.28%)||Buy|
|2015-11-05||J B Chemicals & Phar..||Reliance Securities||270.90||320.00||270.90 (238.06%)||Target met||Buy|
Other income boosts profits, exports to rev up long term growth JB Chemicals (JBCPL)'s 2Q result beat our estimate on the profitability front boosted by higher other income (sale of investment). Sales were muted on the back of weak export formulations (impacted by currency headwinds in ROW markets). India formulations (12% yoy) and Russia (up 35% yoy) performed in line. Reported margins at 17.3% (down 180bps yoy, up 90bps qoq) were in-line with our assumption of margin recovery from 2Q onwards led by tender sales. We draw comfort from company's steady performance and healthy free cash generation and...