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J B Chemicals & Pharmaceuticals Ltd

BSE Code : 506943 | NSE Symbol : JBCHEPHARM | ISIN:INE572A01036| SECTOR : Pharmaceuticals |

NSE BSE
 
SMC up arrow

1,843.00

18.00 (0.99%) Volume 38096

18-May-2024 EOD

Prev. Close

1,825.00

Open Price

1,841.00

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

1,843.00(99)

 

Today’s High/Low 1,915.00 - 1,825.00

52 wk High/Low 1,940.00 - 875.00

Key Stats

MARKET CAP (RS CR) 28565.15
P/E 56.43
BOOK VALUE (RS) 172.9013781
DIV (%) 887.5
MARKET LOT 1
EPS (TTM) 32.62
PRICE/BOOK 10.6453749543596
DIV YIELD.(%) 0.33
FACE VALUE (RS) 1
DELIVERABLES (%) 59.64
4

News & Announcements

18-May-2024

Board of J B Chemicals & Pharmaceuticals recommends final dividend

18-May-2024

J B Chemicals & Pharmaceuticals consolidated net profit rises 43.97% in the March 2024 quarter

18-May-2024

J B Chemicals & Pharmaceuticals Ltd - JB Chemicals & Pharmaceuticals Limited - Press Release

18-May-2024

J B Chemicals & Pharmaceuticals Ltd - JB Chemicals & Pharmaceuticals Limited - Copy of Newspaper Publication

18-May-2024

Board of J B Chemicals & Pharmaceuticals recommends final dividend

11-May-2024

J B Chemicals & Pharmaceuticals announces board meeting date

05-Mar-2024

J B Chemicals & Pharmaceuticals allots 43,450 equity shares under ESOS

29-Feb-2024

J B Chemicals & Pharmaceuticals grants 1.90 lakh stock options

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Aarti Pharmalabs Ltd 543748 AARTIPHARM
Accent Microcell Ltd 92465 ACCENTMIC
Advanced Enzyme Technologies Ltd 540025 ADVENZYMES
Albert David Ltd 524075 ALBERTDAVD
Alembic Pharmaceuticals Ltd 533573 APLLTD
Alkem Laboratories Ltd 539523 ALKEM
ANG Lifesciences India Ltd 540694
Anglo-French Drugs & Industries Ltd 40169
Astron Drugs & Industries Ltd 524206
Aurobindo Pharma Ltd 524804 AUROPHARMA
Bajaj Healthcare Ltd 539872 BAJAJHCARE
Bal Pharma Ltd 524824 BALPHARMA
Beryl Drugs Ltd 524606
Biocon Ltd 532523 BIOCON
Blue Jet Healthcare Ltd 544009 BLUEJET
Bombay Drugs & Pharma Ltd (Merged) 524512
Brooks Laboratories Ltd 533543 BROOKS
Cebon India Ltd 524272
Celestial Biolabs Ltd 532871 CELESTIAL
Cepham Organics Ltd 507756
Cian Healthcare Ltd 542678
Cipla Ltd 500087 CIPLA
Claris Lifesciences Ltd 533288
Concord Biotech Ltd 543960 CONCORDBIO
Concord Drugs Ltd 538965
Dee-Pharma Ltd 507722 DEEPHARMA
Denis Chem Lab Ltd 537536
Dishman Carbogen Amcis Ltd 540701 DCAL
Dr Reddys Laboratories Ltd 500124 DRREDDY
Dr Sabharwals Manufacturing Labs Ltd 507743
Dr.Datsons Labs Ltd 533412 DRDATSONS
Druid Pharma Ltd 40430
Eupharma Laboratories Ltd 530409 EUPHARMLAB
FDC Ltd 531599 FDC
Glenmark Life Sciences Ltd 543322 GLS
Glenmark Pharmaceuticals Ltd 532296 GLENMARK
Granules India Ltd 532482 GRANULES
Gufic BioSciences Ltd 509079 GUFICBIO
Hindustan Biotech Ltd 40162
Indoco Remedies Ltd 532612 INDOCO
Ind-Swift Laboratories Ltd 532305 INDSWFTLAB
Innova Captab Ltd 544067 INNOVACAP
IOL Chemicals & Pharmaceuticals Ltd 524164 IOLCP
Ipca Laboratories Ltd 524494 IPCALAB
Jagsonpal Pharmaceuticals Ltd 507789 JAGSNPHARM
Jayant Vitamins Ltd 506518
Jupiter Bioscience Ltd 524826 JUPITER
KDL Biotech Ltd 532291 KOPDRUGS
Kobo Biotech Ltd 531541
Kopran Ltd 524280 KOPRAN
Kothari Phytochemicals & Industries Ltd 40136
Kwality Pharmaceuticals Ltd 539997
Lasa Supergenerics Ltd 540702 LASA
Laurus Labs Ltd 540222 LAURUSLABS
Lupin Laboratories Ltd (Merged) 500258 LUPINLAB
Lupin Ltd 500257 LUPIN
Lyka Labs Ltd 500259 LYKALABS
Macro International Ltd 512600
Mangalam Drugs and Organics Ltd 532637 MANGALAM
Mankind Pharma Ltd 543904 MANKIND
Medico Remedies Ltd 540937 MEDICO
Megasoft Ltd 532408 MEGASOFT
Mercury Phytochem Ltd 524498
Merind Ltd 506895 MARIND
Mesco Pharmaceuticals Ltd 500274 MESCOPHARM
Morepen Laboratories Ltd 500288 MOREPENLAB
Mylan Laboratories Ltd 524794 MATRIXLABS
Natco Pharma Ltd 524816 NATCOPHARM
Natural Capsules Ltd 524654
Natural Capsules Ltd Partly Paidup 890161
Nectar Lifescience Ltd 532649 NECLIFE
Norris Medicines Ltd 524414
Orchid Pharma Ltd 524372 ORCHPHARMA
Oriental Remedies & Herbals Ltd 526989
Ortin Laboratories Ltd 539287 ORTINLAB
P C I Chemicals & Pharmaceuticals Ltd 524792
Pan Drugs Ltd 531440
Panacea Biotec Ltd 531349 PANACEABIO
Phaarmasia Ltd 523620
Pharmaceutical Products of India Ltd 524113 PPIL
Piramal Pharma Ltd 543635 PPLPHARMA
Ranbaxy Laboratories Ltd (Merged) 500359 RANBAXY
Remus Pharmaceuticals Ltd 78788 REMUS
RPG Life Sciences Ltd 532983 RPGLIFE
Saamya Biotech (India) Ltd 532905
Sakar Healthcare Ltd 538377 SAKAR
Sandoz (India) Ltd (Merged) 531990
Sequent Scientific Ltd 512529 SEQUENT
Sharda Drugs & Industries Ltd 24206
Sharon Bio-Medicine Ltd 532908 SHARONBIO
Shree Ganesh Biotech India Ltd 539470
Shree Ganesh Remedies Ltd 540737
Shree Ganesh Remedies Ltd Partly Paidup 890181
Siddhartha Pharmachem Ltd 532122
Sigachi Industries Ltd 543389 SIGACHI
SMS Lifesciences India Ltd 540679 SMSLIFE
Socrus Bio Sciences Ltd 524719
SOL Pharmaceuticals Ltd 500393 SOLPHARMA
Solara Active Pharma Sciences Ltd 541540 SOLARA
Somerset Therapeutics Ltd 524758
Source Natural Foods & Herbal Supplements Ltd 531398
Strides Pharma Science Ltd 532531 STAR
Sumitra Pharmaceutical & Chemicals Ltd (Merged) 524133 SUMITRAPHA
Sun Pharmaceuticals Industries Ltd 524715 SUNPHARMA
Supriya Lifescience Ltd 543434 SUPRIYA
Supriya Pharmaceuticals Ltd 524784
Surya Pharmaceutical Ltd 532516 SURYAPHARM
Suven Life Sciences Ltd 530239 SUVEN
Suven Pharmaceuticals Ltd 543064 SUVENPHAR
Syngene International Ltd 539268 SYNGENE
Syschem (India) Ltd 531173
Themis Medicare Ltd 530199 THEMISMED
Titan Biotech Ltd 524717
Tonira Pharma Ltd(merged) 530155
Trident Lifeline Ltd 543616
Triochem Products Ltd 512101
Unichem Laboratories Ltd 506690 UNICHEMLAB
Unicorn Pharmaceuticals (India) Ltd 524334
Valiant Laboratories Ltd 543998 VALIANTLAB
Vardhaman Laboratories Ltd 524796
Vasundhara Rasayans Ltd 538634
Vikram Thermo (India) Ltd 530477
Vineet Laboratories Ltd 543298 VINEETLAB
Vivimed Labs Ltd 532660 VIVIMEDLAB
Vivo Bio Tech Ltd 511509
Walpar Nutritions Ltd 535385 WALPAR
Wanbury Ltd 524212 WANBURY
Welcure Drugs & Pharmaceuticals Ltd 524661
Wockhardt Ltd 532300 WOCKPHARMA
Zillion Pharmachem Ltd 524476 ZILONPHARM
Zim Laboratories Ltd 541400 ZIMLAB
Zydus Lifesciences Ltd 532321 ZYDUSLIFE

Share Holding

Category No. of shares Percentage
Total Foreign 18423411 11.87
Total Institutions 28528327 18.38
Total Govt Holding 8596 0.01
Total Non Promoter Corporate Holding 839753 0.54
Total Promoters 83464664 53.78
Total Public & others 23930049 15.42
Total 155194800 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About J B Chemicals & Pharmaceuticals Ltd

J B Chemicals & Pharmaceuticals (JBC) was originally promoted and incorporated in Maharashtra by J B Mody as J B Mody Chemicals & Pharmaceuticals in December 18th, 1976. The Company is engaged in the business of manufacturing and marketing of diverse range of pharmaceuticals formulations, herbal remedies and APIs. The company has manufacturing units at Thane, Belapur, Ankleshwar, Panoli and Daman. The bulk drug plant at Panoli and formulation plant at Daman became operational in Apr.'95. Products like metrogyl, rantac (a ranitidine-based formulation), and nicardia (a cardiac care medicine) form a significant part of the company's sales. JBC has its subsidiaries namely Lekar Healthcare Ltd and J.B Life Science Overseas Ltd. JBC had a tie-up with Justesa Imagen, Spain, to manufacture and market radio diagnostics under the Trazograf brand name. JBC has also diversified into high-growth agro-based products by acquiring McDa Agro (MAL). The products manufactured by MAL complement fertilisers and increase crop productivity. It has entered into a MoU with GNFC to distribute these products locally. The pharmaceutical divisions of Ifiunik Pharmaceuticals and Unique Pharmaceutical Laboratories has been merged into the company with effect from April 2000. Unique Chemicals (A Division of the company) manufacturing and marketing Bulk Drugs has been awarded Certificate of Suitability to Europeon Pharmacopoeia Monograph for Nifedipine EP from Europeon Directorate for the Quality Medicines. In Feb. 2002 the company has achieved another break through in its major R & D Activity - Invention biologically active molecules - New Chemical Entity. In 2001-02 the company introduced 3 products Reducin XX and two in the Cholesterol reducing segment i.e., Ifistatin and Vasolip. The company has launched five new products during the year 2003-04 in the global markets to widen its product portfolio. During 2004-05, the company launched new products Cephalosporins, Moviz and its expansion Movi 3D and a nueropsychiatry product through Zephyr for the first time. A 100% EOU manufacturing facility at Panoli for production of Gel, Ointment was commissioned during 2001-02 at a cost of Rs.21 crores and the same was financed through internal accruals. To manufacture 'DOKTOR MOM' lozenges the company is setting up two manufacturing units at Daman at a capital outlay of Rs.28 crores, which is to be financed through internal accruals. The commercial production of the Doktor Mom lozenges at its 100% Export Oriented Unit, started from 1 Sep. 2003 and tablets from 1, Jan. 2004 in Daman.Doktor Mom', the company's brand,was adjudged the Most Trusted European Brand by Reader's Digest in the cold and cough segment for the fourth consecutive year in 2003-04. During 2004-05, the company received approval for its pharmaceutical manufacturing unit from TGA (Australia). During 2004-05, the company plants were approved by US-FDA, TGA-Australia, EDQM, MCC-South Africa, INVIMA (Colombia) and MHRA (UK). During 2004-05, the company is setting up a new facility conforming to international standards in Panoli (Gujarat) to manufacture contrast media products by June 2006. During 2004-05, the company has planned to set up a wholly owned subsidiary in Moscow, Russia, called 'Unique Pharmaceuticals Laboratories' with the initial investment of $ 3 million. During 2005, the company entered into two agreements, one with Pharma-a-Care Pharmaceuticals Pte. Ltd., in Australia to develop its niche products in Australian market and another with Ranbaxy Laboratories to enter in the Romanian market. The company has subdivided the value of the share from Rs.10/- per share to Rs.2/- per share with effective from 05, April 2005. During 2005-2006, the company has proposed to amalgamate its wholly owned subsidiary viz. lekar healthcare ltd with itself. The company has fixed April 1, 2006 as the appointed date. During the year 2015, J.B. Chemicals & Pharmaceuticals Private Limited, Singapore, ceased to be the company's subsidiary consequent to its dissolution. The Scheme of Amalgamation and Arrangement between Jyotindra Mody Holdings Private Limited and Ansuya Mody Securities Private Limited and Dinesh Mody Securities Private Limited and Kumud Mody Securities Private Limited and Shirish B. Mody Investments Private Limited and Bharati S. Mody Investments Private Limited (Transferor Companies) and J. B. Chemicals & Pharmaceuticals Limited (Transferee Company) and their respective shareholders under Sections 391 to 394 read with Sections 100 to 103 of the Companies Act, 1956 and Section 55 of the Companies Act, 2013 and any other applicable provisions of the Companies Act, 1956 and the Companies Act, 2013, which was approved by the Board on 15 April 2014 and members of the company at Court Convened Meeting held on 14 October 2014 and public shareholders through postal ballot and e-voting on 16 October 2014, was sanctioned by the Hon'ble Bombay High Court on 27 February 2015. The Scheme has become effective on 13 April 2015 with appointed date of 1 April 2014. Accordingly, the Transferor Companies stand merged with the company and the merger has been given effect to in the financial statements of the company for the year ended on March 31, 2015. Consequently, 4,33,42,270 equity shares of FY Rs. 2 held by the Transferor Companies in the company have been cancelled and the company has allotted 4,33,42,270 equity shares of Rs. 2 each credited as fully paid up to the shareholders of the Transferor Companies in accordance with the fair share entitlement ratio specified in the Scheme. During the year 2016, the Company's subsidiary Unique Pharmaceutical Laboratories FZE (UPL FZE) acquired 2, 194,030 Ordinary Shares in Biotech Laboratories (Pty.) Ltd. from Afrika Biopharma Investments (Pty). Ltd. Consequent to restructuring of existing 49% shareholding in Biotech and issue of certain shares by Biotech after the aforesaid acquisition, UPL FZE now holds 95.24% voting capital of Biotech. Accordingly, Biotech has become subsidiary of the Company. Subsequently, the Company's subsidiary J.B. Healthcare Pvt. Ltd., Jersey, has been dissolved. With a view to return surplus cash and pursuant to authority conferred under the Articles of Association of the Company, the Board approved buy-back of fully paid up equity shares of face value of Rs 2 by the Company up to 12,50,000 equity shares at a price of Rs 400 per equity share for a total consideration not exceeding Rs 5,000 lakhs (buy-back amount) excluding transaction costs, on proportionate basis through tender offer. The number of equity shares authorized for buy-back represents 1.47% of the total outstanding equity shares, while the buy-back amount represents 3.85% of the equity share capital and free reserves as at March 31, 2017. This buy-back will be implemented in accordance with provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998. The Company completed on 25 July 2017 buy-back of 1,250,000 equity shares of face of Rs. 2 at price of Rs. 400 per share on proportionate basis through tender offer in accordance with provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998. Consequently, the paid-up equity share capital stands reduced to 83,569,975 equity shares of Rs. 2. The Company has transferred the sum of Rs. 25 lakhs from general reserves to capital redemption reserve account pursuant to Section 69 of the Companies Act, 2013. The Company launched four new products in dermatology, amoebicide and probiotic segments during the year 2018. The Company completed on 1st November 2018 buy-back of 3,333,333 equity shares of face value of Rs 2 at price of Rs 390 per share on proportionate basis through tender offer in accordance with provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998. Consequently, the paid-up equity share capital stands reduced to 80,236,642 equity shares of Rs 2. The Company has transferred the sum of Rs 66.67 lakhs from general reserve to capital redemption reserve account pursuant to Section 69 of the Companies Act, 2013. The Company launched six new products during the year 2020 across Cardiac and Gastrointestinal (GI) segments. On 2nd July, 2020, a Share Purchase Agreement was signed between founder, Mody Family members and Tau Investment Holdings Pte. Ltd., Singapore, an affiliate of global private equity firm KKR, where Tau Investment Holdings Pte. Ltd. acquired controlling stake of 41,731,363 (54%) equity shares of Rs. 2 each in the Company (JB Chemcials Pharmaceuticals Limited) from Mody Family members. Following execution of the above referred Share Purchase Agreement to acquire shares in and control over the Company, Tau Investment Holdings Pte. Ltd. and persons acting in concert made an open offer for acquiring 26% stake from public shareholders of the Company. In FY 2021, the Company introduced newer therapeutic categories for Diabetes, Nephrology, Respiratory and Virology. It launched 10 new products across angiotensin receptor blocker, anti-diabetic, calcium channel blocker, hypotensive, anti-peptic ulcerant, anti-viral and anti-parasitic segments. During the year 2022-23, the Company launched 17 new products in FY233 in the field of Gastro Intestinal, Gynaecology, Respiratory and Anti Diabetes. It acquired the Azmarda' brand from Novartis, a niche Paediatric portfolio from Dr Reddy and the Razel' franchise from Glenmark.

J B Chemicals & Pharmaceuticals Ltd Chairman Speech

Dear Shareholders,

It has been an eventful year for the entire world. COVID-19 impacted every single person on the planet. However, I must say that everyone around the world stood united in this fight against this deadly virus, and we have managed to control the virus and its spread. Pandemic always poses different types of challenges. And now, as we emerge out of this pandemic, we can also see a different side of the universe being unfolded.

In this background, I am pleased with the legacy we are creating at JB, with a strong growth orientation approach built on the values of integrity, trust, and reliability. During the year, we retained our position as the fastest growing company within the top 30 pharma companies in India. Our big brands are growing bigger. Five of our brands feature within the top 300 in the industry, and quite a few of these are household names. These too have stood out in their respective molecule segments.

We have the required determination and discipline to succeed in a post-pandemic era. Team-mates across the organization have gone above and beyond to secure a strong future for the company, and I wish to compliment all of them. Underlining our achievements and aspirations, we have assumed a new identity of JB Pharma to our customers, vendors, and partners. We wish to be future-ready and poised for growth, and this will happen through investment in advancing our portfolio in leadership as well as novel segments, smart marketing strategies in select export markets and driving home better productivities.

The domestic business has shown significant momentum, where the emphasis has been on the following aspects:

• New Go-To-Market Model: We launched a new Go-To-Market model which has helped us increase productivity and bring greater focus to the domestic business.

• Increased Focus on the Chronic Segment:

During the year, we entered the fast growing chronic segment like heart failure, diabetes, and nephrology. Our acquisition of the 'Azmarda' brand from Novartis, will also be instrumental in driving a higher share of the chronic business.

• New Product Launches: During the year, we launched over 15 new products. Correspondingly the share of new offerings to domestic sales has increased from 1.4% in FY21 to 4% in FY22, and we are eager to push this metric even further.

• Acquisition-led Growth via Strong Franchises:

While we are driving our organic strategies, the business is open to value-creating opportunities. The two acquisitions underline the prudent utilization of our capital and our free cash flows. Sporlac marks our foray into the highly attractive probiotics segment. The acquisition of the brand Azmarda from Novartis marks our entry into one of the fastest growing segments within cardiology, i.e. heart failure.

Our well-scripted progress in the international business continues: Beyond India, we count South Africa and Russia as home markets. Ours is the fastest growing company in South Africa, where we are ranked #15 in the market. In Russia, given the geo-political instability that the region has seen, we have been cautious in the management of the operations, although the demand has stayed on trend.

Further, our products are available across 40 countries, referred to as the ROW region. We operate through a distributor-led model, and we see demand picking up for the region post the pandemic. In the US, the focus shall be on low volume but high value offerings with a niche peer profile and where we are backed up with our in-house APIs. The US will continue to remain a cost-plus business model, which ensures our returns are good from the business.

The CMO business, especially Lozenges, represents an area of excellence for us, with a top 5 global position in the production of medical and herbal lozenges. Backed by key regulatory citations and approvals in markets such as the UK, Canada, EU, Australia, South Africa, Russia/CIS, and other markets, our offerings form part of the global portfolios of leading multinational pharma/consumer health companies. We endeavor to achieve closer cooperation with our key customers, and given a comfortable availability of capacities, we are seeking to scale up progressively. The future portfolio will cater to immunity-focused products beyond the norm of cough, cold, and flu. Given our thrust on ROCE and good operating margins, we are keen to grow this business further.

FY22 is been a continuation of our journey to consolidate our foundation and prepare for sustained growth. On the one hand, we have taken measures to drive up therapy-wise and brand-focused expansion, especially within the domestic arena and on the other we are creating differentiation through sizeable opportunities within Lozenges. This journey will get augmented with opportune investments in growth creating acquisitions. On the operational aspect, we will continue the journey towards higher productivity and better cost management while enhancing our offering profile amongst key customers. All of this is and shall be possible on the back of a robust organization backbone and healthy governance platform that we are investing in.

Very recently, we have unveiled our new identity, which is a representation of our aspirations. Our new identity has a simple, solid look that reflects the way we think and conduct ourselves. It is a symbol of our belief in continuing to be GOOD PEOPLE FOR GOOD HEALTH. Thereby, with a defined growth agenda, team spirit, and dedication to creating sustainable advantages through key products, we are approaching the new year with new vigor and purpose.

I thank you for your support, and we will continue to create value for all our shareholders.

Yours sincerely,
Nikhil Chopra

   

J B Chemicals & Pharmaceuticals Ltd Company History

J B Chemicals & Pharmaceuticals (JBC) was originally promoted and incorporated in Maharashtra by J B Mody as J B Mody Chemicals & Pharmaceuticals in December 18th, 1976. The Company is engaged in the business of manufacturing and marketing of diverse range of pharmaceuticals formulations, herbal remedies and APIs. The company has manufacturing units at Thane, Belapur, Ankleshwar, Panoli and Daman. The bulk drug plant at Panoli and formulation plant at Daman became operational in Apr.'95. Products like metrogyl, rantac (a ranitidine-based formulation), and nicardia (a cardiac care medicine) form a significant part of the company's sales. JBC has its subsidiaries namely Lekar Healthcare Ltd and J.B Life Science Overseas Ltd. JBC had a tie-up with Justesa Imagen, Spain, to manufacture and market radio diagnostics under the Trazograf brand name. JBC has also diversified into high-growth agro-based products by acquiring McDa Agro (MAL). The products manufactured by MAL complement fertilisers and increase crop productivity. It has entered into a MoU with GNFC to distribute these products locally. The pharmaceutical divisions of Ifiunik Pharmaceuticals and Unique Pharmaceutical Laboratories has been merged into the company with effect from April 2000. Unique Chemicals (A Division of the company) manufacturing and marketing Bulk Drugs has been awarded Certificate of Suitability to Europeon Pharmacopoeia Monograph for Nifedipine EP from Europeon Directorate for the Quality Medicines. In Feb. 2002 the company has achieved another break through in its major R & D Activity - Invention biologically active molecules - New Chemical Entity. In 2001-02 the company introduced 3 products Reducin XX and two in the Cholesterol reducing segment i.e., Ifistatin and Vasolip. The company has launched five new products during the year 2003-04 in the global markets to widen its product portfolio. During 2004-05, the company launched new products Cephalosporins, Moviz and its expansion Movi 3D and a nueropsychiatry product through Zephyr for the first time. A 100% EOU manufacturing facility at Panoli for production of Gel, Ointment was commissioned during 2001-02 at a cost of Rs.21 crores and the same was financed through internal accruals. To manufacture 'DOKTOR MOM' lozenges the company is setting up two manufacturing units at Daman at a capital outlay of Rs.28 crores, which is to be financed through internal accruals. The commercial production of the Doktor Mom lozenges at its 100% Export Oriented Unit, started from 1 Sep. 2003 and tablets from 1, Jan. 2004 in Daman.Doktor Mom', the company's brand,was adjudged the Most Trusted European Brand by Reader's Digest in the cold and cough segment for the fourth consecutive year in 2003-04. During 2004-05, the company received approval for its pharmaceutical manufacturing unit from TGA (Australia). During 2004-05, the company plants were approved by US-FDA, TGA-Australia, EDQM, MCC-South Africa, INVIMA (Colombia) and MHRA (UK). During 2004-05, the company is setting up a new facility conforming to international standards in Panoli (Gujarat) to manufacture contrast media products by June 2006. During 2004-05, the company has planned to set up a wholly owned subsidiary in Moscow, Russia, called 'Unique Pharmaceuticals Laboratories' with the initial investment of $ 3 million. During 2005, the company entered into two agreements, one with Pharma-a-Care Pharmaceuticals Pte. Ltd., in Australia to develop its niche products in Australian market and another with Ranbaxy Laboratories to enter in the Romanian market. The company has subdivided the value of the share from Rs.10/- per share to Rs.2/- per share with effective from 05, April 2005. During 2005-2006, the company has proposed to amalgamate its wholly owned subsidiary viz. lekar healthcare ltd with itself. The company has fixed April 1, 2006 as the appointed date. During the year 2015, J.B. Chemicals & Pharmaceuticals Private Limited, Singapore, ceased to be the company's subsidiary consequent to its dissolution. The Scheme of Amalgamation and Arrangement between Jyotindra Mody Holdings Private Limited and Ansuya Mody Securities Private Limited and Dinesh Mody Securities Private Limited and Kumud Mody Securities Private Limited and Shirish B. Mody Investments Private Limited and Bharati S. Mody Investments Private Limited (Transferor Companies) and J. B. Chemicals & Pharmaceuticals Limited (Transferee Company) and their respective shareholders under Sections 391 to 394 read with Sections 100 to 103 of the Companies Act, 1956 and Section 55 of the Companies Act, 2013 and any other applicable provisions of the Companies Act, 1956 and the Companies Act, 2013, which was approved by the Board on 15 April 2014 and members of the company at Court Convened Meeting held on 14 October 2014 and public shareholders through postal ballot and e-voting on 16 October 2014, was sanctioned by the Hon'ble Bombay High Court on 27 February 2015. The Scheme has become effective on 13 April 2015 with appointed date of 1 April 2014. Accordingly, the Transferor Companies stand merged with the company and the merger has been given effect to in the financial statements of the company for the year ended on March 31, 2015. Consequently, 4,33,42,270 equity shares of FY Rs. 2 held by the Transferor Companies in the company have been cancelled and the company has allotted 4,33,42,270 equity shares of Rs. 2 each credited as fully paid up to the shareholders of the Transferor Companies in accordance with the fair share entitlement ratio specified in the Scheme. During the year 2016, the Company's subsidiary Unique Pharmaceutical Laboratories FZE (UPL FZE) acquired 2, 194,030 Ordinary Shares in Biotech Laboratories (Pty.) Ltd. from Afrika Biopharma Investments (Pty). Ltd. Consequent to restructuring of existing 49% shareholding in Biotech and issue of certain shares by Biotech after the aforesaid acquisition, UPL FZE now holds 95.24% voting capital of Biotech. Accordingly, Biotech has become subsidiary of the Company. Subsequently, the Company's subsidiary J.B. Healthcare Pvt. Ltd., Jersey, has been dissolved. With a view to return surplus cash and pursuant to authority conferred under the Articles of Association of the Company, the Board approved buy-back of fully paid up equity shares of face value of Rs 2 by the Company up to 12,50,000 equity shares at a price of Rs 400 per equity share for a total consideration not exceeding Rs 5,000 lakhs (buy-back amount) excluding transaction costs, on proportionate basis through tender offer. The number of equity shares authorized for buy-back represents 1.47% of the total outstanding equity shares, while the buy-back amount represents 3.85% of the equity share capital and free reserves as at March 31, 2017. This buy-back will be implemented in accordance with provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998. The Company completed on 25 July 2017 buy-back of 1,250,000 equity shares of face of Rs. 2 at price of Rs. 400 per share on proportionate basis through tender offer in accordance with provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998. Consequently, the paid-up equity share capital stands reduced to 83,569,975 equity shares of Rs. 2. The Company has transferred the sum of Rs. 25 lakhs from general reserves to capital redemption reserve account pursuant to Section 69 of the Companies Act, 2013. The Company launched four new products in dermatology, amoebicide and probiotic segments during the year 2018. The Company completed on 1st November 2018 buy-back of 3,333,333 equity shares of face value of Rs 2 at price of Rs 390 per share on proportionate basis through tender offer in accordance with provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998. Consequently, the paid-up equity share capital stands reduced to 80,236,642 equity shares of Rs 2. The Company has transferred the sum of Rs 66.67 lakhs from general reserve to capital redemption reserve account pursuant to Section 69 of the Companies Act, 2013. The Company launched six new products during the year 2020 across Cardiac and Gastrointestinal (GI) segments. On 2nd July, 2020, a Share Purchase Agreement was signed between founder, Mody Family members and Tau Investment Holdings Pte. Ltd., Singapore, an affiliate of global private equity firm KKR, where Tau Investment Holdings Pte. Ltd. acquired controlling stake of 41,731,363 (54%) equity shares of Rs. 2 each in the Company (JB Chemcials Pharmaceuticals Limited) from Mody Family members. Following execution of the above referred Share Purchase Agreement to acquire shares in and control over the Company, Tau Investment Holdings Pte. Ltd. and persons acting in concert made an open offer for acquiring 26% stake from public shareholders of the Company. In FY 2021, the Company introduced newer therapeutic categories for Diabetes, Nephrology, Respiratory and Virology. It launched 10 new products across angiotensin receptor blocker, anti-diabetic, calcium channel blocker, hypotensive, anti-peptic ulcerant, anti-viral and anti-parasitic segments. During the year 2022-23, the Company launched 17 new products in FY233 in the field of Gastro Intestinal, Gynaecology, Respiratory and Anti Diabetes. It acquired the Azmarda' brand from Novartis, a niche Paediatric portfolio from Dr Reddy and the Razel' franchise from Glenmark.

J B Chemicals & Pharmaceuticals Ltd Directors Reports

J B Chemicals & Pharmaceuticals Ltd Company Background

Ranjit Shahani.
Incorporation Year1976
Registered OfficeNeelam Centre 4th Floor,B-Wing Hind Cycle Road Worli
Mumbai,Maharashtra-400030
Telephone91-022-2482 2222/2493 0918,Managing Director
Fax91-022-24930534
Company SecretarySANDEEP PHADNIS
AuditorDeloitte Haskins & Sells LLP
Face Value1
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarDatamatics Financial Services
Plot No B-5 MIDC ,Part B Cross Lane ,Marol Andheri(E) ,Mumbai-400093

J B Chemicals & Pharmaceuticals Ltd Company Management

Director NameDirector DesignationYear
Padmini Khare KaickerNon-Exec. & Independent Dir.2023
Sumit BoseNon-Exec. & Independent Dir.2023
Ranjit Shahani.Chairman & Independent Directo2023
Prashant Kumar.Non-Exec & Non-Independent Dir2023
Nikhil ChopraWhole Time Director & CEO2023
GAURAV TREHANNon-Exec & Non-Independent Dir2023
SANDEEP PHADNISCompany Sec. & Compli. Officer2023

J B Chemicals & Pharmaceuticals Ltd Listing Information

Listing Information
BSE_500
BSE_HC
CNX500
BSESMALLCA
CNXPHARMA
CNX_MNC
CNXSMALLCA
BSEALLCAP
BSESMALLSE
SML250
MSL400
NFTYMSC400
NFTYSC250
NF500M5025
NFTYTOTMKT
NFTYMIDSMH
NMIM503020

J B Chemicals & Pharmaceuticals Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
PharmaceuticalsNA0002148.9007
Other Operating RevenuesNA00012.3577
Exchange Rate DifferenceNA0009.8347
Export IncentivesNA0008.4834
Product Development ServicesNA0003.6589
Sale of ScrapNA0003.4729
Government GrantNA0001.7198
Insurance ClaimsNA0001.4482
Bulk DrugsKg0000
Active Pharmaceutical IngrediNA0000
Ampoules - Manufacturing GoodsNA0000
Ampoules-Traded GoodsNA0000
Bulk-API-Manufacturing GoodsNA0000
CapsulesNo0000
Capsules-Manufacturing GoodsNA0000
Capsules-Traded GoodsNA0000
Injections / VialsNo0000
Liquds-Manufacturing GoodsNA0000
LiquidsLtr0000
Liquids-Traded GoodsNA0000
OintmentKg0000
Ointments-Manufacturing GoodsNA0000
Ointments-Traded GoodsNA0000
Other Raw & Packing MaterialsNA0000
OthersNA0000
Others - TradedNA0000
SalesNA0000
Manufacturing ChargesNA0000
Processing ChargesNA0000
CartridgesNo0000
Powder-Manufacturing GoodsNA0000
PowdersKg0000
Powder-Traded GoodsNA0000
TabletsNo0000
Tablets-Manufacturing GoodsNA0000
Tablets-Traded GoodsNA0000

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