Shares of this pharma company are buzzing on the bourses in today’s session!
Last week, the company announced its results for the quarter and half year ending 30 September 2022.
The shares of J B Chemicals & Pharmaceuticals Ltd are buzzing on the bourses today. As of 2.09 pm, the shares of the company are trading higher by 0.35%. With this, the shares of the company are amongst the top gainers on the bourses from Group A. Meanwhile, the frontline index S&P BSE Sensex is down by 0.05%.
Established in 1976, J.B. Pharma, is one of the fastest-growing pharmaceutical companies in India and a leading player in the hypertension segment. Besides its strong India presence, which accounts for the majority of its revenue, its other two home markets are Russia and South Africa. The company ranks among the top 5 manufacturers globally in medicated and herbal lozenges. It has seven state-of-the-art manufacturing facilities in India including a dedicated manufacturing facility for lozenges.
Last week, the company announced its results for the quarter and half year ending 30 September 2022. As per the exchange filing, in Q2FY22, on a consolidated basis, the company’s net revenue grew 36.5% YoY to Rs 809.44 crore. Owing to relatively slower growth in expenses, the PBIDT (ex OI) grew 45.63% YoY to Rs 184.58 crore, whereas the corresponding margin expanded 143 bps YoY to 22.80%. However, owing to higher tax expenses, the PAT grew at a relatively lower rate of 13.47%. The PAT margin contracted by 279 bps YoY to 13.72%.
The company is currently trading at a TTM PE of 41.16x, as against the industry PE of 35.58x. In FY22, the company delivered an ROE & ROCE of 19.8% and 25.4% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 16,209.51 crore.
Today, the scrip opened at Rs 2063, which is also the day’s low. Further, the stock made an intraday high of Rs 2115.45. So far 10,167 shares have been traded on the bourses. The stock has a 52-week high & low of Rs 2,115.45 and Rs 1,339.05 respectively on BSE.
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