Jubilant Pharmova Ltd
Jubilant Pharmova Ltd
HealthcareKey Fundamentals
MicrocapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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44 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- 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
Weaknesses
3- The company has delivered a poor sales growth of 6.31% over past five years.
- Company has a low return on equity of 4.91% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
Jubilant Pharmova Ltd is a mid-cap healthcare company with a market cap of Rs 14,190 Cr trading at a PE of 40.4x. The company shows improving TTM sales growth of 16% but declining profits at -20% TTM, with a 3-year ROE of only 5% and a price-to-book of 2x.
- TTM revenue growth has accelerated to 16%, significantly above the 5-year compounded sales CAGR of 6%, indicating improving business momentum
- 3-year compounded profit growth of 47% shows the company went through a significant earnings recovery cycle from prior lows
- Working capital efficiency has improved sharply with requirements reducing from 28.6 days to 13.4 days, freeing up cash for operations
- Healthy dividend payout ratio of 43.9% demonstrates management's commitment to returning capital to shareholders
- 3-year stock CAGR of 27% reflects market recognition of the company's turnaround trajectory
- 10-year stock CAGR of 10% shows the company has delivered reasonable long-term wealth creation for patient investors
- Price-to-book ratio of 2x is relatively modest for a healthcare company, suggesting the stock is not excessively priced on asset basis
- TTM profit growth is -20%, indicating earnings are declining even as revenues grow, pointing to margin compression or rising costs
- 5-year compounded profit CAGR of -13% shows a sustained inability to grow bottom-line over a medium-term horizon
- 3-year ROE of only 5% and last year ROE of 7% are well below cost of equity, indicating poor capital efficiency
- PE of 40.4x is elevated relative to the weak earnings profile with 10-year profit CAGR of just 1%, suggesting the stock prices in significant future improvement
- 5-year compounded sales growth of only 6% reflects structurally slow top-line expansion for a pharma business
- 1-year stock return of -17% indicates recent market skepticism about near-term fundamentals
- Company might be capitalizing interest costs, which could overstate reported profitability and asset values
- 10-year compounded profit growth of merely 1% suggests the business has struggled to generate meaningful earnings growth across full cycles
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹22.10 crore tax demand deleted Jul 17
Rectification order received on July 15, 2026 deleting a tax demand of Rs 22.10 crores for AY 2020-21, removing a potential cash outflow.
- ₹5 dividend recommended Jul 29
Board recommends ₹5 per share dividend with record date July 24, 2026. 48th AGM scheduled for August 26, 2026 via VC/OAVM.
- Strong ESG 'Leader' rating Aug 1
BRSR for FY26 filed with 'Leader' status from NSE Sustainability, reflecting strong environmental and governance metrics.
- Investor meet Aug 13-14 Aug 5
Jubilant Pharmova will meet institutional investors in Mumbai on August 13-14, 2026 to discuss Q1FY27 earnings ahead of the August 10 results filing.
- Q1FY26 board meeting rescheduled Aug 5
Board meeting rescheduled to August 10, 2026 to consider Q1FY26 results. Trading window closed until August 12, 2026.
- MD re-appointment postal ballot Jul 18
Shareholder approval sought via postal ballot to re-appoint Priyavrat Bhartia and Arjun Shanker Bhartia as Managing Directors for three years from June 1, 2026.
TL;DR: Jubilant Pharmova is in a steady phase with no material headwinds. The deletion of a ₹22.10 crore tax demand and a proposed ₹5 dividend signal financial stability, while strong ESG ratings enhance institutional appeal. With Q1FY27 results due August 10 and an investor meet following shortly after, near-term catalysts depend on earnings performance.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,587 | 1,680 | 1,677 | 1,759 | 1,732 | 1,752 | 1,822 | 1,929 | 1,901 | 1,966 | 2,122 | 2,290 | 2,229 |
| Expenses | 1,419 | 1,438 | 1,459 | 1,487 | 1,480 | 1,463 | 1,535 | 1,584 | 1,611 | 1,625 | 1,833 | 1,951 | 1,981 |
| Operating Profit | 168 | 242 | 218 | 271 | 252 | 289 | 287 | 345 | 290 | 341 | 289 | 339 | 248 |
| OPM % | 11% | 14% | 13% | 15% | 15% | 17% | 16% | 18% | 15% | 17% | 14% | 15% | 11% |
| Other Income | 9 | 19 | 49 | -151 | 410 | 8 | -10 | 9 | 12 | 4 | -19 | 10 | 20 |
| Interest | 62 | 66 | 71 | 73 | 71 | 61 | 56 | 53 | 49 | 50 | 56 | 56 | 54 |
| Depreciation | 90 | 97 | 95 | 101 | 91 | 91 | 91 | 95 | 98 | 105 | 121 | 117 | 127 |
| PBT | 25 | 98 | 101 | -54 | 500 | 144 | 130 | 206 | 154 | 190 | 93 | 176 | 86 |
| Tax % | 76% | 37% | 34% | 15% | 4% | 29% | 23% | 27% | 34% | 37% | 40% | 32% | 35% |
| Net Profit | 6 | 62 | 66 | -62 | 482 | 102 | 101 | 151 | 102 | 120 | 56 | 119 | 56 |
| EPS in Rs | 0.4 | 3.92 | 4.19 | -3.68 | 30.26 | 6.45 | 6.33 | 9.64 | 6.46 | 7.55 | 3.51 | 7.5 | 3.55 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,751 | 5,749 | 5,861 | 7,518 | 9,111 | 5,976 | 6,099 | 6,130 | 6,282 | 6,703 | 7,234 | 8,280 | 8,608 |
| Expenses | 5,141 | 4,493 | 4,510 | 5,995 | 7,367 | 4,428 | 4,695 | 4,980 | 5,503 | 5,802 | 6,061 | 7,020 | 7,390 |
| Operating Profit | 610 | 1,256 | 1,352 | 1,522 | 1,744 | 1,548 | 1,403 | 1,150 | 779 | 901 | 1,173 | 1,260 | 1,218 |
| OPM % | 11% | 22% | 23% | 20% | 19% | 26% | 23% | 19% | 12% | 13% | 16% | 15% | 14% |
| Other Income | 86 | 4 | 19 | 36 | -249 | 225 | 263 | 8 | -9 | -76 | 416 | 7 | 15 |
| Interest | 368 | 371 | 341 | 284 | 220 | 200 | 184 | 145 | 188 | 272 | 240 | 212 | 217 |
| Depreciation | 288 | 347 | 291 | 415 | 371 | 340 | 349 | 382 | 554 | 382 | 369 | 440 | 470 |
| PBT | 40 | 542 | 738 | 859 | 904 | 1,233 | 1,133 | 630 | 28 | 170 | 981 | 614 | 546 |
| Tax % | 200% | 29% | 22% | 26% | 36% | 27% | 26% | 34% | 333% | 57% | 15% | 35% | — |
| Net Profit | -40 | 387 | 575 | 634 | 577 | 898 | 836 | 413 | -65 | 73 | 836 | 398 | 351 |
| EPS in Rs | -3.63 | 24.6 | 36.14 | 40.35 | 36.06 | 56.39 | 52.47 | 25.98 | -3.83 | 4.84 | 52.69 | 25.02 | 22.11 |
| Div. Payout % | -83% | 12% | 8% | 7% | 12% | 9% | 10% | 19% | -130% | 102% | 9% | 20% | — |
Balance Sheet
| 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 |
| Borrowings | 4,793 | 4,493 | 4,045 | 3,469 | 4,840 | 4,808 | 2,830 | 3,192 | 3,677 | 3,664 | 2,731 | 3,615 |
| Other Liabilities | 1,372 | 1,280 | 1,417 | 1,902 | 1,670 | 1,898 | 1,192 | 1,319 | 1,853 | 2,240 | 3,598 | 4,564 |
| Total Liabilities | 8,619 | 8,740 | 8,899 | 9,457 | 11,319 | 12,310 | 8,763 | 9,830 | 10,929 | 11,338 | 12,584 | 15,272 |
| Fixed Assets | 4,911 | 5,104 | 5,107 | 5,401 | 5,648 | 6,340 | 4,609 | 4,871 | 5,183 | 5,091 | 5,176 | 6,966 |
| CWIP | 597 | 611 | 684 | 671 | 901 | 768 | 897 | 1,090 | 1,562 | 2,103 | 3,630 | 4,040 |
| Investments | 40 | 85 | 103 | 124 | 115 | 69 | 241 | 239 | 256 | 42 | 44 | 61 |
| Other Assets | 3,071 | 2,939 | 3,006 | 3,262 | 4,654 | 5,133 | 3,017 | 3,631 | 3,928 | 4,101 | 3,735 | 4,205 |
| Total Assets | 8,619 | 8,740 | 8,899 | 9,457 | 11,319 | 12,310 | 8,763 | 9,830 | 10,929 | 11,338 | 12,584 | 15,272 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 783 | 1,099 | 1,268 | 1,303 | 1,122 | 1,543 | 1,784 | 838 | 661 | 971 | 1,072 | 1,227 |
| Investing | -362 | -309 | -465 | -614 | -1,018 | -267 | -727 | -323 | -474 | -596 | 512 | -1,143 |
| Financing | -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 | 179 |
| 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
| 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% |
Documents
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Company Information
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]