Buy JB Chem for Target Price of Rs 1800

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Dec 31, 2023.

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  1. Vidhi Khanna

    Vidhi Khanna Well-Known Member Staff Member

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    JB Chem has entered the high growing opthal segment. Opthalmology market is Rs 43bn. JB's brands hold 6-7% market share. It is a fast growing therapy with 3 year CAGR of 15%. JB will generate +40% OPM with likely EBITDA generation of Rs 1.1bn. Target Price is Rs 1800

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    Vidhi Khanna, Dec 31, 2023
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