New product launches to drive growth
J.B. Chemicals & Pharmaceuticals Ltd (JBCPL) is India’s leading pharmaceutical company that manufactures & markets a range of innovative specialty products that include various pharmaceutical dosage forms like tablets, injectable (vials, ampoules, form fill seal), creams & ointments, lozenges, herbal liquids and capsules.
Valuation: Given good business outlook both in domestic and international market, strong products portfolio with high growth brands & pan India presence, expansion of filed force and strong balance sheet, we believe the company is well poised to grow further. Hence, we initiate JB Chemicals with a BUY rating with a TP of Rs 319 based on 13x FY19E EPS.
Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks. Click here to read our full disclaimer.