Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Jubilant Pharmova Ltd

JUBLPHARMA
Pharma - API & CRAMS

Jubilant Pharmova Ltd's price has outrun its earnings. −8.7% in a year against EPS −52.5% — the market is paying now for delivery later.

The sharpest disagreement: the price moved −8.7% in a year while annual EPS moved −52.5% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a downtrend (5 weeks in) while the P/E sits at the 84th percentile of its own 11-year range. Underneath, the last four quarters read deteriorating — profit −45.1% year on year, and 250% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Deteriorating
fundamental trajectory, 12 quarters
Price
₹1,025
−8.7% 1Y
P/E
42.1×
84th pctile
of its own 11-year range
Revenue (Jun 26)
₹2,229 Cr
+17.3% YoY
Profit (Jun 26)
₹56.0 Cr
−45.1% YoY
Operating margin
11.0%
−4.0 pp YoY
ROCE
9%
FY26
ROIC
5.1%
vs WACC 12.0% → −6.9 pp
Cash conversion
250%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Jubilant Pharmova Ltd trades at ₹1,025, in a downtrend and 5 weeks into that stage. That is +6.3% against its own 200-day average. It sits at 67% of a 52-week range of ₹817 to ₹1,129. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.

Today the stock is in a downtrend — week 5 of stage 4, confirmed. At ₹1,025 it trades +6.3% versus its 200-day average and sits at 67% of its 52-week range (₹817–₹1,129).

Sep 26: ₹1,025 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+6.3% versus the 200-day line, week 5 of stage 4
Price50-day avg200-day avg
S2S4S2S4₹1,335₹1,078₹822₹566₹310₹1,025₹965Sep 23Jun 24Mar 25Jan 26Sep 26
S2S4S2S4₹1,335₹1,078₹822₹566₹310₹1,025₹965Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (554 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +216% while the NIFTY 500 moved +267% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Jubilant Pharmova Ltd trades at 42.1× P/E, at the pricey end of its own range (84th percentile). Its long-run median P/E is 16.9×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 42.1× is at the pricey end of its own range (84th percentile), against a long-run median of 16.9× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 42.1× vs a 16.9× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.5-year window; loss-period spikes above 51× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (84th percentile)
P/EMedianEPS (TTM) (quarterly)
54.2×₹62.441.1×₹46.828.0×₹31.214.9×₹15.61.8×₹0.0×42.10×₹24Mar 16Jul 18Dec 20May 23Sep 26
54.2×₹62.441.1×₹46.828.0×₹31.214.9×₹15.61.8×₹0.0×42.10×₹24Mar 16Dec 20Sep 26
P/E
42.1×
84th percentile of 11y
PEG
n/m
not derivable — 3-year earnings growth unavailable

🚨 Why the multiple sits where it does: over the past year annual EPS moved −52.5% against a −8.7% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +10.2%/yr price move, ~−15.9%/yr came from earnings growth and ~+26.1 pp from the multiple (expanding); over 10y, of the +7.3%/yr price move, ~−0.9%/yr came from earnings growth and ~+8.2 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Jubilant Pharmova Ltd was paying for profit growth of about 25.3% a year. Profit itself has compounded 0.3% a year over the past 10 years. Today the market pays 42.1× P/E, the 84th percentile of its own 11-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is far above what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Jubilant Pharmova Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −23.0% latest against +1732.4% at its 12-quarter best), ROCE holding at 7.0%. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue +14.5% in FY26, profit −52.4% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
33%333%15%213%−3.0%92%−21%−28%−39%−149%%%14.5%−52.4%FY16FY21FY26
33%333%15%213%−3.0%92%−21%−28%−39%−149%%%14.5%−52.4%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit stabilising
RevenueProfitEPS
17%334%14%210%11%85%8.5%−39%5.7%−164%%%16.2%−23%−23.4%Sep 23Dec 24Jun 26
17%334%14%210%11%85%8.5%−39%5.7%−164%%%16.2%−23%−23.4%Sep 23Dec 24Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
8.8%7.3%5.7%4.1%2.6%%7%Sep 23Mar 24Dec 24Sep 25Jun 26
8.8%7.3%5.7%4.1%2.6%%7%Sep 23Dec 24Jun 26
Revenue growth
Steady high
latest +16.2% · span +6.5% to +16.2%
Profit growth
Stuck low
latest −23.0% · span −129.4% to +1,732.4%
EPS growth
Stuck low
latest −23.4% · span −127.4% to +1,567.8%
ROCE
Stuck low
latest 7.0% · span 3.0%–8.4%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+14.5%+9.6%+6.3%+3.7%
Profit−52.4%−13.8%+0.3%
EPS−52.5%−13.8%+0.2%
Share price−8.7%+31.3%+10.2%+7.3%
Revenue YoY (Jun 26)
+17.3%
latest quarter vs a year ago
Profit YoY (Jun 26)
−45.1%
latest quarter vs a year ago
Revenue 10y
3.7%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

37.6/100 — rank 17 of 24 in Pharma - API & CRAMS · 93% evidence confidence

Jubilant Pharmova Ltd scores 37.6 out of 100 against the 24 companies it is compared with in Pharma - API & CRAMS, ranking 17. Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

The four contributions add to the total exactly: 11.8 + 6.8 + 13.9 + 5.1 = 37.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Jubilant Pharmova Ltd reported ₹2,229 Cr of revenue in the Jun 26 quarter, +17.3% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 3.7% a year. The last full year, FY26, came in at ₹8,280 Cr. The last four reported quarters add to ₹8,607 Cr.

FY26 revenue came in at ₹8,280 Cr (+14.5% on the year), capping 10 years at 3.7% compound. The latest quarter (Jun 26) printed ₹2,229 Cr, +17.3% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹8,280 Cr (+14.5% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
3.7% a year over 10 years
RevenueYoY growth
9.8k33%7.4k15%4.9k−3.0%2.5k−21%0−39%₹ Cr%₹8,28014.5%FY16FY21FY26
9.8k33%7.4k15%4.9k−3.0%2.5k−21%0−39%₹ Cr%₹8,28014.5%FY16FY21FY26
Jun 26: ₹2,229 Cr (+17.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Revenue (quarterly)YoY growth
2.5k20%1.9k16%1.2k12%6187.3%03.1%₹ Cr%₹2,22917.3%Sep 23Dec 24Jun 26
2.5k20%1.9k16%1.2k12%6187.3%03.1%₹ Cr%₹2,22917.3%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +16.2% growth against the decade's 3.7% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +16.2% over the last 4 quarters against +12.1%/yr over the last 8 — accelerating; TTM profit −23.0% vs −20.0%/yr — stabilising.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Jubilant Pharmova Ltd's operating margin is 11.0% in the Jun 26 quarter, −4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 11.0% to 26.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 11.0%, −4.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 11.0%–26.0%.

🚨 Why the margin moved: operating margin went −4.1 pp year on year while gross margin went −1.1 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 15.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 11.0–26.0% band over 13 years
operating marginYoY change (pp)
27%12%23%7.2%19%2.0%14%−3.2%9.8%−8.4%%%15%−1%FY14FY20FY26
27%12%23%7.2%19%2.0%14%−3.2%9.8%−8.4%%%15%−1%FY14FY20FY26
Jun 26: 11.0% operating margin (−4.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
19%4.6%17%2.3%15%0.0%12%−2.3%10%−4.6%%%11%−4%Sep 23Dec 24Jun 26
19%4.6%17%2.3%15%0.0%12%−2.3%10%−4.6%%%11%−4%Sep 23Dec 24Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Jubilant Pharmova Ltd earned ₹56.0 Cr of net profit in the Jun 26 quarter, −45.1% year on year. Full-year FY26 profit was ₹398 Cr. The 10-year compound rate is 0.3%. That is 2.5% of the quarter's revenue. The same quarter a year earlier earned ₹102 Cr. 1 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹56.0 Cr, −45.1% year on year. On the full year, FY26 printed ₹398 Cr (−52.4%), and the 10-year compound rate is 0.3%.

FY26 profit ₹398 Cr (−52.4% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
0.3% a year over 10 years
Net profitYoY growth
9751,138%696801%417465%137128%−142−209%₹ Cr%₹398−52.4%FY16FY21FY26
9751,138%696801%417465%137128%−142−209%₹ Cr%₹398−52.4%FY16FY21FY26
Jun 26: ₹56.0 Cr (−45.1% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
5268,574%3686,251%2103,927%521,604%−106−720%₹ Cr%₹56−45.1%Sep 23Dec 24Jun 26
5268,574%3686,251%2103,927%521,604%−106−720%₹ Cr%₹56−45.1%Sep 23Dec 24Jun 26

🚨 Why profit moved: revenue contributed +17.3% and the margin −4.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −23.3% vs revenue +16.2%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 250% of Jubilant Pharmova Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,227 Cr of operating cash against ₹398 Cr of profit. After ₹2,640 Cr of capital spending, ₹−1,413 Cr was left as free cash.

FY26: operating cash of ₹1,227 Cr against reported profit of ₹398 Cr, leaving free cash of ₹−1,413 Cr after ₹2,640 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 250% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹1,227 Cr vs profit ₹398 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
250% of 3-year profit arrived as cash
Operating cashNet profitFree cash
3.4k2.1k812−479−1.8k₹ Cr₹1,227₹398₹−1,413FY16FY21FY26
3.4k2.1k812−479−1.8k₹ Cr₹1,227₹398₹−1,413FY16FY21FY26
FY26: CFO = 308% of profit (three-year rate 250%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
316%258%200%142%84%%300%FY16FY21FY26
316%258%200%142%84%%300%FY16FY21FY26

Why conversion sits at 250%: the cash cycle tightened 147 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 4.6× depreciation over three years, so the next section's job is to check what that build-out is buying.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Jubilant Pharmova Ltd's cash conversion cycle runs 47 days in FY26, down from 194 days in FY21. Capital spending ran ₹5,452 Cr over the last 3 years. At FY26 sales of ₹8,280 Cr each day of that cycle holds about ₹22.7 Cr, so roughly ₹1,066 Cr sits inside the business at any moment.

FY26: debtors at 47 days, inventory at 170 days — roughly 5.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 47 days, tighter than FY21's 194.

The full loop: cash goes out to suppliers and production on day 0; stock waits 170 days to sell; customers pay about 47 days after that; and suppliers themselves are paid at 170 days — netting out to the 47-day cycle.

In money terms: at FY26 sales of ₹8,280 Cr, each day of the cycle holds about ₹22.7 Cr — so the 47-day loop keeps roughly ₹1,066 Cr sitting inside the business at any moment.

FY26: a 47-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−147 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
49637525413312days47d170d47d170dFY14FY17FY20FY23FY26
49637525413312days47d170d47d170dFY14FY20FY26

On the investment side: capital spending of ₹5,452 Cr over the last 3 fiscal years against ₹1,191 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹4,040 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹2,640 Cr, work-in-progress ₹4,040 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
4.5k2.9k1.4k−141−1.7k₹ Cr₹2,640₹4,040FY16FY18FY21FY23FY26
4.5k2.9k1.4k−141−1.7k₹ Cr₹2,640₹4,040FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Jubilant Pharmova Ltd earns a ROCE of 9% in FY26. That is up from a trough of 3% in FY23. Return on invested capital clears the cost of that capital by −6.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.8% net margin on 0.54× asset turns.

FY26 ROCE is 9%, recovered from a FY23 trough of 3% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 4.8% net margin × 0.54× asset turns × 2.15× balance-sheet leverage ≈ 5.6% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 5.1% − 12.0% = a −6.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 9% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY23's 3%
ROCEROIC (annual)WACC
18%10%2.4%−5.5%−13%%9%6.1%FY14FY20FY26
18%10%2.4%−5.5%−13%%9%6.1%FY14FY20FY26
Q4 FY26: ROCE 6.3% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
13%9.6%6.2%2.8%−0.5%%6.3%6.8%Q1 FY24Q2 FY25Q4 FY26
13%9.6%6.2%2.8%−0.5%%6.3%6.8%Q1 FY24Q2 FY25Q4 FY26
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Jubilant Pharmova Ltd carries total debt of ₹3,615 Cr against shareholder equity of ₹7,096 Cr as of Mar 26, a debt-to-equity of 0.51. On the annual view that ratio went from 0.60 in FY22 to 0.51 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹3,615 Cr against shareholder equity of ₹7,096 Cr — a debt-to-equity of 0.51. On the annual view, debt-to-equity went from 0.60 (FY22) to 0.51 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹3,615 Cr at 0.51× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
4.0k0.70×3.0k0.63×2.0k0.56×9930.49×00.42×₹ Cr×₹3,6150.51×FY22FY24FY26
4.0k0.70×3.0k0.63×2.0k0.56×9930.49×00.42×₹ Cr×₹3,6150.51×FY22FY24FY26
Mar 26: debt ₹3,615 Cr, debt-to-equity 0.51 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
4.0k0.70×3.0k0.63×2.0k0.56×9930.49×00.42×₹ Cr×₹3,6150.51×Jun 23Sep 24Mar 26
4.0k0.70×3.0k0.63×2.0k0.56×9930.49×00.42×₹ Cr×₹3,6150.51×Jun 23Sep 24Mar 26
13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 8.3 points of Jubilant Pharmova Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 12.4% of the company. Foreign institutions moved −3.6 points over the same window, to 15.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +8.3 points over 8 quarters to 12.4%; Foreign institutions: −3.6 points over 8 quarters to 15.9%; Promoters: −3.0 points over 8 quarters to 47.7%.

Why the register moved: rotation — foreign institutions −3.6 points against domestic institutions +8.3 points over 8 quarters, with promoters −3.0 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters −3.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
54%41%27%14%0.0%%47.7%15.9%11.6%24.3%Mar 24Mar 25Mar 26
54%41%27%14%0.0%%47.7%15.9%11.6%24.3%Mar 24Mar 25Mar 26
Domestic institutions added 8.3 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
55%40%26%12%−2.3%%47.7%15.9%12.4%23.5%Jun 23Dec 24Jun 26
55%40%26%12%−2.3%%47.7%15.9%12.4%23.5%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Jubilant Pharmova Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · Pharma - API & CRAMS
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Neuland Laboratories LtdNEULANDLAB 81.2/100Sector-leading setup100% evidence LEADER 33.6/35 Revenue 78.3% · PAT 100% · OPM change 23 pp 100% evidence 19.9/25 ROCE 26.5% · OPM 35% 100% evidence 12.0/20 P/E 60.7× · PEG 1.05 100% evidence 15.7/20 RS sector 7.5% · RS bench 44.6% · 1Y 62.8%12 of 12 weeks ahead 100% evidence
Exact sum: 33.6 + 19.9 + 12 + 15.7 = 81.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Acutaas Chemicals LtdACUTAAS 77.3/100Favorable setup76% evidence 31.9/35 Revenue 41% · PAT 100% · OPM change 9 pp 95% evidence 20.1/25 ROCE 31.6% · OPM 34% 76% evidence 9.3/20 P/E 71.7× · PEG — 50% evidence 16.0/20 RS sector 86.5% · RS bench 43.7% · 1Y 129.5%5 of 8 weeks ahead 70% evidence
Exact sum: 31.9 + 20.1 + 9.3 + 16 = 77.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3IOL Chemicals & Pharmaceuticals LtdIOLCP 73.0/100Favorable setup100% evidence LEADER 28.5/35 Revenue 18.5% · PAT 60% · OPM change 3 pp 100% evidence 12.5/25 ROCE 11.3% · OPM 14% 100% evidence 13.8/20 P/E 32.3× · PEG 0.66 100% evidence 18.2/20 RS sector 37.2% · RS bench 81.2% · 1Y 100.5%12 of 12 weeks ahead 100% evidence
Exact sum: 28.5 + 12.5 + 13.8 + 18.2 = 73 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Laurus Labs LtdLAURUSLABS 71.2/100Favorable setup93% evidence LEADER 32.2/35 Revenue 22.6% · PAT 100% · OPM change 8 pp 100% evidence 18.2/25 ROCE 17.8% · OPM 32% 100% evidence 5.3/20 P/E 97.3× · PEG 3.33 65% evidence 15.5/20 RS sector 22.2% · RS bench 63.4% · 1Y 123.6%12 of 12 weeks ahead 100% evidence
Exact sum: 32.2 + 18.2 + 5.3 + 15.5 = 71.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
5Gland Pharma LtdGLAND 69.7/100Favorable setup100% evidence LEADER 26.4/35 Revenue 17.6% · PAT 46.4% · OPM change 3 pp 100% evidence 13.9/25 ROCE 15.1% · OPM 27% 100% evidence 14.2/20 P/E 42.1× · PEG 1.45 100% evidence 15.2/20 RS sector 8.2% · RS bench 45.5% · 1Y 54.4%12 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 13.9 + 14.2 + 15.2 = 69.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Divis Laboratories LtdDIVISLAB 65.4/100Favorable setup100% evidence LEADER 26.5/35 Revenue 16.4% · PAT 26.8% · OPM change 11 pp 100% evidence 19.1/25 ROCE 22% · OPM 41% 100% evidence 3.5/20 P/E 83.1× · PEG 3.45 100% evidence 16.3/20 RS sector 3.2% · RS bench 39.9% · 1Y 55.1%11 of 12 weeks ahead 100% evidence
Exact sum: 26.5 + 19.1 + 3.5 + 16.3 = 65.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
7Shilpa Medicare LtdSHILPAMED 63.1/100Mixed-positive evidence100% evidence LEADER 27.6/35 Revenue 28% · PAT 100% · OPM change 1 pp 100% evidence 10.3/25 ROCE 10.9% · OPM 29% 100% evidence 5.6/20 P/E 66.1× · PEG 6.86 100% evidence 19.6/20 RS sector 60.8% · RS bench 111.5% · 1Y 127.6%12 of 12 weeks ahead 100% evidence
Exact sum: 27.6 + 10.3 + 5.6 + 19.6 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Sai Life Sciences LtdSAILIFE 62.9/100Mixed-positive evidence93% evidence LEADER 27.2/35 Revenue 17.6% · PAT 48% · OPM change 3 pp 100% evidence 16.6/25 ROCE 19.6% · OPM 27% 100% evidence 4.9/20 P/E 91.6× · PEG 3.46 65% evidence 14.2/20 RS sector 12.7% · RS bench 51.7% · 1Y 84.2%12 of 12 weeks ahead 100% evidence
Exact sum: 27.2 + 16.6 + 4.9 + 14.2 = 62.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
9Granules India LtdGRANULES 62.4/100Mixed-positive evidence100% evidence LEADER 26.4/35 Revenue 24.8% · PAT 38.1% · OPM change 3 pp 100% evidence 15.8/25 ROCE 15.5% · OPM 23% 100% evidence 10.4/20 P/E 34.7× · PEG 1.27 100% evidence 9.8/20 RS sector 1.7% · RS bench 37.1% · 1Y 77.8%11 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 15.8 + 10.4 + 9.8 = 62.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Windlas Biotech LtdWINDLAS 53.5/100Mixed-positive evidence77% evidence BREAKING OUT 16.7/35 Revenue 18.8% · PAT 9.8% · OPM change -2 pp 83% evidence 14.5/25 ROCE 15.9% · OPM 11% 95% evidence 11.5/20 P/E 35.1× · PEG — 50% evidence 10.8/20 RS sector -1.8% · RS bench 34.7% · 1Y 13.7%5 of 10 weeks ahead 70% evidence
Exact sum: 16.7 + 14.5 + 11.5 + 10.8 = 53.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Anthem Biosciences LtdANTHEM 53.0/100Mixed-positive evidence77% evidence BREAKING OUT 12.7/35 Revenue -2.1% · PAT 14.1% · OPM change 1 pp 100% evidence 22.0/25 ROCE 30.4% · OPM 36% 100% evidence 9.2/20 P/E 89.3× · PEG — 15% evidence 9.1/20 RS sector -4.6% · RS bench 29.4% · 1Y 13.4%7 of 12 weeks ahead 70% evidence
Exact sum: 12.7 + 22 + 9.2 + 9.1 = 53 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12SMS Pharmaceuticals LtdSMSPHARMA 48.7/100Mixed-negative evidence100% evidence TURNING 19.1/35 Revenue 10.2% · PAT 41.7% · OPM change 0 pp 100% evidence 11.3/25 ROCE 13.3% · OPM 20% 100% evidence 10.3/20 P/E 42.4× · PEG 1.53 100% evidence 8.0/20 RS sector -2.8% · RS bench 32.7% · 1Y 96.2%2 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 11.3 + 10.3 + 8 = 48.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Morepen Laboratories LtdMOREPENLAB 48.5/100Mixed-negative evidence94% evidence BREAKING OUT 20.3/35 Revenue 9.5% · PAT 51.6% · OPM change 8 pp 100% evidence 8.5/25 ROCE 8.1% · OPM 14% 100% evidence 9.7/20 P/E 54× · PEG 1.68 100% evidence 10.0/20 RS sector -16.2% · RS bench 130.1% · 1Y 134.8%10 of 10 weeks ahead 70% evidence
Exact sum: 20.3 + 8.5 + 9.7 + 10 = 48.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Blue Jet Healthcare LtdBLUEJET 46.5/100Mixed-negative evidence94% evidence BREAKING OUT 5.8/35 Revenue -27.5% · PAT -34.6% · OPM change -1 pp 100% evidence 21.0/25 ROCE 26.1% · OPM 33% 100% evidence 13.8/20 P/E 45.8× · PEG 1.39 100% evidence 5.9/20 RS sector -39.2% · RS bench 12% · 1Y -23.6%10 of 10 weeks ahead 70% evidence
Exact sum: 5.8 + 21 + 13.8 + 5.9 = 46.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15Supriya Lifescience LtdSUPRIYA 45.3/100Mixed-negative evidence100% evidence FADING 16.1/35 Revenue 28.2% · PAT 11.2% · OPM change -11 pp 100% evidence 17.1/25 ROCE 25.2% · OPM 25% 100% evidence 6.9/20 P/E 36.5× · PEG 3.11 100% evidence 5.2/20 RS sector -11.2% · RS bench 20.4% · 1Y 38.4%8 of 12 weeks ahead 100% evidence
Exact sum: 16.1 + 17.1 + 6.9 + 5.2 = 45.3 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
16Concord Biotech LtdCONCORDBIO 37.8/100Mixed-negative evidence94% evidence BREAKING OUT 9.2/35 Revenue -6.7% · PAT -23.3% · OPM change 2 pp 100% evidence 14.9/25 ROCE 17.1% · OPM 32% 100% evidence 6.7/20 P/E 56.7× · PEG 5.67 100% evidence 7.0/20 RS sector -23.6% · RS bench 16.4% · 1Y -9.2%10 of 10 weeks ahead 70% evidence
Exact sum: 9.2 + 14.9 + 6.7 + 7 = 37.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Jubilant Pharmova Ltdthis pageJUBLPHARMA 37.6/100Mixed-negative evidence93% evidence TURNING 11.8/35 Revenue 16.3% · PAT -23% · OPM change -4 pp 100% evidence 6.8/25 ROCE 9% · OPM 11% 100% evidence 13.9/20 P/E 42.1× · PEG 1.17 65% evidence 5.1/20 RS sector -23% · RS bench 5.6% · 1Y -4.2%4 of 12 weeks ahead 100% evidence
Exact sum: 11.8 + 6.8 + 13.9 + 5.1 = 37.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
18Piramal Pharma LtdPPLPHARMA 35.2/100Mixed-negative evidence71% evidence LEADER 13.0/35 Revenue 0.8% · PAT -80% · OPM change 3 pp 74% evidence 1.4/25 ROCE 2.5% · OPM 9% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 10.8/20 RS sector -10.9% · RS bench 21.1% · 1Y 5.3%12 of 12 weeks ahead 100% evidence
Exact sum: 13 + 1.4 + 10 + 10.8 = 35.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Solara Active Pharma Sciences LtdSOLARA 34.7/100Adverse evidence83% evidence TURNING 7.9/35 Revenue 15.6% · PAT -80% · OPM change -2 pp 100% evidence 3.8/25 ROCE 4.9% · OPM 16% 100% evidence 8.5/20 P/E 843× · PEG — 15% evidence 14.5/20 RS sector 1.9% · RS bench 38.7% · 1Y 12.7%8 of 12 weeks ahead 100% evidence
Exact sum: 7.9 + 3.8 + 8.5 + 14.5 = 34.7 · Decision use: Price leads the evidence: RS versus the benchmark is 38.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
20Hikal LtdHIKAL 33.0/100Adverse evidence81% evidence BREAKING OUT 11.6/35 Revenue -5.4% · PAT -80% · OPM change 2.6 pp 74% evidence 4.3/25 ROCE 3.5% · OPM 9.2% 100% evidence 7.4/20 P/E 65.4× · PEG — 50% evidence 9.7/20 RS sector -21.7% · RS bench 6.9% · 1Y -14.2%8 of 12 weeks ahead 100% evidence
Exact sum: 11.6 + 4.3 + 7.4 + 9.7 = 33 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21OneSource Specialty Pharma LtdONESOURCE 27.5/100Adverse evidence71% evidence BASING 11.3/35 Revenue 4.3% · PAT -80% · OPM change 0 pp 74% evidence 3.3/25 ROCE 0.6% · OPM 27% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 2.9/20 RS sector -27.3% · RS bench -0.8% · 1Y -15%3 of 12 weeks ahead 100% evidence
Exact sum: 11.3 + 3.3 + 10 + 2.9 = 27.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22Syngene International LtdSYNGENE 23.6/100Adverse evidence100% evidence BASING 6.7/35 Revenue -3.4% · PAT -56.4% · OPM change -11.3 pp 100% evidence 8.6/25 ROCE 10% · OPM 12.3% 100% evidence 8.1/20 P/E 52.2× · PEG 7.87 100% evidence 0.2/20 RS sector -44.2% · RS bench -22.8% · 1Y -41%1 of 12 weeks ahead 100% evidence
Exact sum: 6.7 + 8.6 + 8.1 + 0.2 = 23.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Dishman Carbogen Amcis LtdDCAL 22.1/100Adverse evidence87% evidence ASLEEP 7.0/35 Revenue 0.2% · PAT -80% · OPM change -11 pp 100% evidence 4.8/25 ROCE 3.1% · OPM 9% 100% evidence 6.4/20 P/E 145× · PEG 2.65 65% evidence 3.9/20 RS sector -31% · RS bench -18.6% · 1Y -39.5%3 of 10 weeks ahead 70% evidence
Exact sum: 7 + 4.8 + 6.4 + 3.9 = 22.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24Cohance Lifesciences LtdCOHANCE 20.6/100Adverse evidence82% evidence BREAKING OUT 3.0/35 Revenue -19.8% · PAT -80% · OPM change -19.7 pp 95% evidence 6.8/25 ROCE 5.8% · OPM 0.3% 76% evidence 5.5/20 P/E 156× · PEG — 50% evidence 5.3/20 RS sector -33.4% · RS bench -9.2% · 1Y -52.3%6 of 12 weeks ahead 100% evidence
Exact sum: 3 + 6.8 + 5.5 + 5.3 = 20.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Jubilant Pharmova Ltd's share price today?

Jubilant Pharmova Ltd trades at ₹1,025, −8.7% over the past year. The company is valued at ₹16,331 Cr. The stock sits at 67% of its 52-week range of ₹817–₹1,129, +6.3% versus its 200-day average. On the tape, the price is in a downtrend, 5 weeks in. — as of 11 September 2026.

What were Jubilant Pharmova Ltd's latest quarterly results?

Jubilant Pharmova Ltd reported revenue of ₹2,229 Cr and net profit of ₹56.0 Cr for the Jun 26 quarter. Revenue rose 17.3% and profit fell 45.1% year on year. Earnings per share were ₹3.55. The operating margin was 11.0%, 4.0 pp lower than a year earlier. — as of 11 September 2026.

What is Jubilant Pharmova Ltd's revenue?

Jubilant Pharmova Ltd reported revenue of ₹2,229 Cr in the Jun 26 quarter, +17.3% year on year. For the full FY26 fiscal year, revenue was ₹8,280 Cr (+14.5%). Over the last 10 years revenue compounded at 3.7% a year. — as of 11 September 2026.

What is Jubilant Pharmova Ltd's profit?

Jubilant Pharmova Ltd earned ₹56.0 Cr of net profit in the Jun 26 quarter, −45.1% year on year. Full-year FY26 profit was ₹398 Cr. The operating margin ran 11.0% in the latest quarter. — as of 11 September 2026.

What is Jubilant Pharmova Ltd's market cap?

Jubilant Pharmova Ltd's market capitalisation is ₹16,331 Cr at a share price of ₹1,025. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Jubilant Pharmova Ltd's P/E ratio?

Jubilant Pharmova Ltd trades at a P/E of 42.1×, at the 84th percentile of its own 11-year range, against a long-run median of 16.9×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Jubilant Pharmova Ltd pay a dividend?

Yes — Jubilant Pharmova Ltd's dividend payout was 20% of profit in FY26, and it recorded a payout in 11 of its last 13 reported fiscal years. 2 of those years show a negative ratio because profit itself was negative. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is Jubilant Pharmova Ltd overvalued?

On its own history, Jubilant Pharmova Ltd looks expensive: its P/E of 42.1× sits at the 84th percentile of its 11-year range (long-run median 16.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Jubilant Pharmova Ltd growing?

Not right now — Jubilant Pharmova Ltd's latest numbers are shrinking: latest-quarter revenue +17.3% year on year, profit −45.1%, and the margin −4.0 pp at 11.0%. The 10-year compound rates are 3.7% (revenue) and 0.3% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.

How is Jubilant Pharmova Ltd performing?

Jubilant Pharmova Ltd is in a downtrend, 5 weeks in. Its latest quarter's revenue rose 17.3% and profit fell 45.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is Jubilant Pharmova Ltd in?

Deteriorating — profit and EPS growth are shrinking (profit growth −23.0% latest against +1732.4% at its 12-quarter best), ROCE holding at 7.0%. The read comes from the last 12 quarters of growth (revenue growth +16.2% latest, profit growth −23.0% latest, eps growth −23.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is Jubilant Pharmova Ltd in an uptrend?

No — the price is in a downtrend (week 5 of stage 4), trading +6.3% versus its 200-day average and at 67% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Jubilant Pharmova Ltd beating the market?

On recent form, yes — Jubilant Pharmova Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +216% against the NIFTY 500's +267% — behind the index over the full window. — as of 11 September 2026.

Will Jubilant Pharmova Ltd's share price go up?

This page publishes no price forecast for Jubilant Pharmova Ltd. What it measures instead: the share price is ₹1,025, the price is in a downtrend 5 weeks in. Its P/E of 42.1× sits at the 84th percentile of its own 11-year range. — as of 11 September 2026.

Who owns Jubilant Pharmova Ltd?

Promoters hold 47.7% of Jubilant Pharmova Ltd, foreign institutions 15.9%, domestic institutions 12.4% and the public 23.5% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 8.3 points over 8 quarters. — as of 11 September 2026.

Does Jubilant Pharmova Ltd have too much debt?

It is moderate — Jubilant Pharmova Ltd's debt-to-equity is 0.51, and operating profit covers the interest bill 6×. FY26 borrowings were ₹3,615 Cr against equity of ₹7,093 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.

What is Jubilant Pharmova Ltd's capex?

Jubilant Pharmova Ltd spent ₹5,452 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2,640 Cr, with ₹4,040 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Jubilant Pharmova Ltd's cash flow?

Jubilant Pharmova Ltd generated ₹1,227 Cr of operating cash flow in FY26 and ₹−1,413 Cr of free cash flow after ₹2,640 Cr of capital spending. Reported profit that year was ₹398 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Jubilant Pharmova Ltd's profit real cash?

Yes — over the last 3 fiscal years, 250% of Jubilant Pharmova Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,227 Cr against reported profit of ₹398 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Jubilant Pharmova Ltd in its business cycle?

Jubilant Pharmova Ltd's FY26 operating margin was 15.0%, against a 13-year band of 11.0%–26.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Jubilant Pharmova Ltd's price assume?

At its price on 13 June 2026, Jubilant Pharmova Ltd was priced for profit growth of about 25.3% a year. Profit itself has compounded 0.3% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Jubilant Pharmova Ltd story?

The sharpest disagreement: the price moved −8.7% in a year while annual EPS moved −52.5% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Jubilant Pharmova Ltd a stock worth studying right now?

This is not investment advice. The machine read: Jubilant Pharmova Ltd's price has outrun its earnings. −8.7% in a year against EPS −52.5% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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