Buy J B Chemicals, target price Rs 1963: ICICI Securities

ICICI Securities has buy call on J B Chemicals & Pharmaceuticals with a target price of Rs 1963. The current market price of J B Chemicals & Pharmaceuticals Ltd. is Rs 1586.4. Time period given by analyst is one year when J B Chemicals & Pharmaceuticals Ltd. price can reach defined target.

J B Chemicals & Pharmaceuticals Ltd., incorporated in the year 1976, is a Mid Cap company (having a market cap of Rs 12256.17 Crore) operating in Pharmaceuticals sector.

J B Chemicals & Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 605.18 Crore, down -1.22 % from last quarter Total Income of Rs 612.66 Crore and up .17 % from last year same quarter Total Income of Rs 604.17 Crore. Company reported net profit after tax of Rs 84.12 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 9.12 per cent, DIIs 16.25 per cent.