Jubilant Pharmova Limited
NSE: JUBLPHARMAPharmaceuticals
Share price
₹932.20
-4.35% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
61
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹14,915 Cr
P/E ratio
38.4
P/B ratio
2.1
ROCE
9.0%
ROE
6.5%
Dividend yield
0.5%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 16.3% over the past year, and 6.8% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 16.2% to 14.2% over the last four years.
Whether it grew faster than its sector
It grew 6.8% a year against a sector median of 13.1% — 6.2 percentage points slower.
Room to re-rate, or risk of de-rating
At 38.4× earnings it costs 1.6× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 78.7×, across 5 companies. It is against its own five-year median of 34.2×, the 72nd percentile of its own range.
Whether growth justifies the valuation
Priced at 0.8 times its growth rate, on earnings growth of 47%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Jubilant Pharmova Limited — this one | 47%/yr | 38.4× | ₹0.82 |
| Sun Pharmaceutical | 13%/yr | 33.4× | ₹2.6 |
| Divi's Laboratories | 13%/yr | 83.3× | ₹6.4 |
| Torrent Pharmaceuticals | 22%/yr | 78.7× | ₹3.6 |
| Zydus Lifesciences | 32%/yr | 23.1× | ₹0.72 |
| Laurus Labs Limited | 4%/yr | 98.6× | ₹24.7 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Pharmaceuticals), it ranks 91 of 130 on returns, 92 of 127 on growth, 80 of 130 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 9.0% on capital, ahead of 30% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Roughly — Over the last five years it made ₹4769 crore of cash from the business and spent about as much on plant and equipment. And the profit is real: of every 100 rupees it reported over 12 years, about 248 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 56 days for its cash to waiting 13 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
6 of 9 checks clear · 67%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue grew 17.3% year on year, while net profit fell 44.7%.
Announced 10 Aug 2026 · Consolidated · Unaudited
Revenue
₹2,229 Cr
Revenue vs last year
+17.3%
Revenue vs last quarter
-2.6%
Net profit
₹56 Cr
Profit vs last year
-44.7%
Profit vs last quarter
-52.6%
Net margin
2.5%
EPS
₹3.57
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹14,915 Cr
- Prev close
- ₹932.20
- 52w High
- ₹1,185
- 52w Low
- ₹786
- Enterprise value
- ₹17,262 Cr
- Beta
- 0.7
- Price CAGR 1y
- -10.0%
- Price CAGR 3y
- 32.0%
- Price CAGR 5y
- 9.0%
- Price CAGR 10y
- 5.0%
Ratios
- Return on assets
- 2.6%
- PEG ratio
- 0.8
- P/E ratio
- 38.4
- P/B ratio
- 2.1
- EV / EBITDA
- 14.2
- Industry P/E
- 38.0
- ROCE
- 9.0%
- ROCE 5y average
- 7.8%
- ROE
- 6.5%
- Debt / Equity
- 0.5
- Interest coverage
- 3.9
- Dividend yield
- 0.5%
- ROE 3y average
- 5.0%
- ROE last year
- 7.0%
Annual P&L
- Annual revenue
- ₹8,280 Cr
- Annual profit
- ₹398 Cr
- Operating margin
- 15.0%
- Net profit margin
- 4.8%
- EBITDA margin
- 15.2%
- Sales growth 3y
- 9.6%
- Sales growth 5y
- 6.3%
- Profit growth 3y
- 47.0%
- Profit growth 5y
- -13.0%
- EPS
- ₹25.0
- Sales growth TTM
- 16.0%
- Profit growth TTM
- -20.0%
- Dividend payout
- 20.0%
Quarter P&L
- Sales latest quarter
- ₹2,229 Cr
- Profit latest quarter
- ₹56 Cr
- YoY quarterly sales growth
- 17.3%
- YoY quarterly profit growth
- -45.1%
- OPM latest quarter
- 11.1%
Balance Sheet
- Book Value
- ₹443
- Face Value
- ₹1.0
- Total debt
- ₹3,615 Cr
- Total cash
- ₹1,268 Cr
- Borrowings
- ₹3,615 Cr
- Reserves / Equity
- 442.3
Cash Flow
- Operating cash flow
- ₹1,227 Cr
- Free cash flow
- -₹120 Cr
- FCF yield
- -2.2%
- Net cash flow
- ₹179 Cr
Shareholding
- Promoter holding
- 47.7%
- FII holding
- 15.9%
- DII holding
- 12.4%
- Public holding
- 23.5%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Sun Pharma.Inds. | 1,781.00 | 33.8 | 4,27,322 | 0.90 | 2,901.2 | 6.0 | 15,299.9 | 10.5 | 20.5 |
| Divi's Lab. | 9,588.00 | 85.4 | 2,54,531 | 0.31 | 902.0 | 65.5 | 3,080.0 | 27.8 | 22.0 |
| Torrent Pharma. | 4,716.20 | 80.4 | 1,79,389 | 0.81 | 566.0 | 5.8 | 4,921.0 | 54.9 | 15.2 |
| Zydus Lifesci. | 1,153.00 | 23.6 | 1,15,012 | 0.09 | 990.2 | -35.1 | 8,017.0 | 22.0 | 21.1 |
| Laurus Labs | 2,052.80 | 101.4 | 1,10,915 | 0.10 | 362.1 | 125.5 | 2,026.3 | 29.1 | 17.8 |
| Cipla | 1,327.20 | 30.0 | 1,07,221 | 0.98 | 785.6 | -39.2 | 7,119.3 | 2.3 | 15.5 |
| Mankind Pharma | 2,500.00 | 48.4 | 1,03,261 | 0.04 | 574.1 | 29.6 | 4,030.6 | 12.9 | 13.5 |
| Jubilant Pharmo | 974.60 | 40.0 | 15,525 | 0.51 | 56.4 | -45.1 | 2,229.4 | 17.3 | 9.0 |
| Median | 417.90 | 34.5 | 2,208 | 0.07 | 13.5 | 29.5 | 164.0 | 18.4 | 15.0 |
Competes with: Aurobindo Pharma, Cipla, Divi's Laboratories, Dr Reddy's Laboratories, Laurus Labs Limited, Lupin, Mankind Pharma Limited, Sun Pharmaceutical, Torrent Pharmaceuticals, Zydus Lifesciences
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | 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 | 2,123 | 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 |
| Material Cost | 584 | 521 | 565 | 592 | 643 | 638 | |||||||
| Change in Inventories | -43 | 25 | -42 | 42 | -14 | 24 | |||||||
| Purchases of Stock-in-Trade | 85 | 73 | 74 | 82 | 85 | 87 | |||||||
| Employee Cost | 591 | 591 | 636 | 706 | 767 | 754 | |||||||
| Other Expenses | 367 | 402 | 392 | 410 | 471 | 479 | |||||||
| 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 |
| Exceptional items (within Other Income) | -3.30 | 0 | -5.80 | -40 | -14 | 0 | |||||||
| 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 |
| Profit before tax | 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 | 0.40 | 3.92 | 4.19 | -3.68 | 30 | 6.45 | 6.33 | 9.64 | 6.46 | 7.55 | 3.51 | 7.50 | 3.55 |
| Diluted EPS in Rs | 9.68 | 6.47 | 7.57 | 3.52 | 7.52 | 3.56 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | 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 | 7,235 | 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 |
| Material Cost | 1,985 | 2,320 | |||||||||||
| Change in Inventories | 35 | 11 | |||||||||||
| Purchases of Stock-in-Trade | 297 | 313 | |||||||||||
| Employee Cost | 2,268 | 2,701 | |||||||||||
| Other Expenses | 1,476 | 1,675 | |||||||||||
| 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 |
| Exceptional items (within Other Income) | 360 | -59 | |||||||||||
| 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 |
| Profit before tax | 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 | 25 | 36 | 40 | 36 | 56 | 52 | 26 | -3.83 | 4.84 | 53 | 25 | 22 |
| Diluted EPS in Rs | 53 | 25 | |||||||||||
| Dividend Payout % | -83 | 12 | 8 | 7 | 12 | 9 | 10 | 19 | -130 | 102 | 9 | 20 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 4%
- 5 years
- 6%
- 3 years
- 10%
- TTM
- 16%
Compounded profit growth
- 10 years
- 1%
- 5 years
- -13%
- 3 years
- 47%
- TTM
- -20%
Stock price CAGR
- 10 years
- 5%
- 5 years
- 9%
- 3 years
- 32%
- 1 year
- -10%
Return on equity
- 10 years
- 9%
- 5 years
- 3%
- 3 years
- 5%
- Last year
- 7%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | 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 |
| Minority Interest | -16 | 2.80 | ||||||||||
| 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 flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 783 | 1,099 | 1,268 | 1,303 | 1,122 | 1,543 | 1,784 | 838 | 661 | 971 | 1,072 | 1,227 |
| Cash from Investing Activity | -362 | -309 | -465 | -614 | -1,018 | -267 | -727 | -323 | -474 | -596 | 512 | -1,143 |
| Cash from Financing Activity | -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 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | 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 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
2,347inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
1,46,36,733inr
2026-03-31
News
News and filings about Jubilant Pharmova Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- API raw materials, Key Starting Materials (KSMs) & intermediates
- Allergenic source materials
- Medical radioisotopes (Molybdenum-99 / Technetium-99m)
- Solvents
- Stores, spares & packing materials
Buys from
- Transport Corporation of India Limited · multimodal logistics via TCI-CONCOR / strategic sourcing relationship
- Vineet Laboratories Limited · API intermediates and fine chemicals
Sells to
- US Government (BARDA / JPEO-CBRND / HHS / DOD) · sterile fill-finish manufacturing of vaccines & medical countermeasures at Spokane
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Healthcare
- Industry
- Pharmaceuticals
- Classification
- Healthcare › Pharmaceuticals
- ISIN
- INE700A01033
Business segments
- Radiopharma · 44%
- Contract Development and Manufacturing Organisation - Sterile Injectables · 22%
- Contract Research, Development and Manufacturing Organisation · 15%
- Allergy Immunotherapy · 10%
- Generics · 9%
- Unallocable corporate · 1%
Plants
- Jubilant Biosys Bengaluru research center
- Jubilant Biosys Noida research center
- Jubilant Cadista Salisbury facility
- Jubilant DraxImage / HollisterStier Montreal facility
- Jubilant HollisterStier Spokane facility
- Nanjangud API facility (Jubilant Generics)
- Roorkee generics facility (Jubilant Generics)
News impact
Big market events that reach Jubilant Pharmova Limited, and how the effect spreads.
11 Sept, 04:38 IST · Market event · low impact
Govt plans central licensing for all sterile drug manufacturing after quality lapses
India will license all sterile-drug plants centrally after quality lapses, raising compliance costs for injectable makers like Gland and Aurobindo.
Who it hits first
- Sterile-injectable makers (Gland, Aurobindo, Lupin, Caplin, Shilpa) face new licensing layer
- Small job-work sterile units face consolidation pressure
- CDSCO capacity becomes the approval bottleneck
Who may gain
- Large compliant players gain share as small units exit
- Testing and validation service firms gain business
Along the supply chain
Downstream
Hospitals pay slightly more for assured-quality injectables.
Upstream
API and vial suppliers see steadier demand from compliant makers.
Where demand moves
Business
Plants undergo central audits; documentation and QA headcount rise; approvals add months to greenfield timelines.
Capital
Money favours large, audit-ready pharma over small sterile job-workers.
How it spreads across sectors
Healthcare
injectable compliance cost rises; consolidation favours leaders
When it plays out
Immediate
Injectable stocks soften on cost headlines.
Medium term
Cleaner industry commands better US/EU pricing power.
Short term
Watch draft rules, timelines and grandfathering clauses.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 24 Jul 2026 | unspecified | ₹5 |
|---|---|---|
| 25 Jul 2025 | unspecified | ₹5 |
| 2 Aug 2024 | unspecified | ₹5 |
| 10 Aug 2023 | unspecified | ₹5 |
| 11 Aug 2022 | unspecified | ₹5 |
| 5 Aug 2021 | unspecified | ₹5 |
| 4 Feb 2021 | demerger | ₹0 |
| 9 Mar 2020 | interim | ₹5 |
Splits, bonuses & buybacks
- daily-prices repair: 10 rows from NSE's archive (replace 2, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-261 Aug 2026
- Earnings call · Q4FY2622 May 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.