Buy J B Chemicals & Pharmaceuticals, target price Rs 2,210: JM Financial

JM Financial has buy call on J B Chemicals & Pharmaceuticals with a target price of Rs 2,210. The current market price of J B Chemicals & Pharmaceuticals is Rs 1,893. J B Chemicals & Pharmaceuticals, incorporated in the year 1976, is a Mid Cap company (having a market cap of Rs 29369.41 Crore) operating in Pharmaceuticals sector.

J B Chemicals & Pharmaceuticals key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Sale of services and Scrap for the year ending 31-Mar-2023.

Financials


For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 1010.29 Crore, up 15.02 % from last quarter Total Income of Rs 878.36 Crore and up 12.03 % from last year same quarter Total Income of Rs 901.83 Crore. Company has reported net profit after tax of Rs 176.83 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53.77% stake in the company as of 30-Jun-2024, while FIIs owned 12.17%, DIIs 17.61%.