MarketFriction

Blue Jet Healthcare Ltd

NSE BLUEJET · BSE 544009 · Pharmaceuticals
₹541.80 +0.70%
NSE close2026-10-01
52 week range325.00 - 692.90
Market cap₹10,403 Cr.
P/E44.3
IPO 2023 · +57% since Microcap 250 Price band 20% Delivery 51.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales181167184163208318340355165192235293
Expenses119112131119139194200234111146163195
Operating Profit635553446912414012155477198
OPM %35%33%29%27%33%39%41%34%33%24%30%33%
Other Income8-399121312824132315
Interest000000015011
Depreciation688355566667
Profit before tax6444544977132147123695487106
Tax %26%27%27%24%24%25%25%26%24%25%26%26%
Net Profit4832403858991109152406478
EPS in Rs2.761.852.292.183.365.716.355.263.012.323.714.51
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5384996837217121,030947886
Expenses325292434502481652653614
Operating Profit214207249219231378294271
OPM %40%41%36%30%32%37%31%31%
Other Income69192418466976
Interest75310066
Depreciation1820222528182425
Profit before tax194190243217220406333316
Tax %25%26%25%26%26%25%25%
Net Profit145142182160164305248235
EPS in Rs24,118.331,428.7710.479.239.4417.5914.2913.55
Dividend Payout %0%0%0%0%11%7%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%14%10%-28%
Compounded Profit Growth%11%15%-34%
Stock Price CAGR%%%-13%
Return on Equity%26%24%19%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.60103535353535
Reserves1983304876478111,0981,325
Borrowings745219532144
Other Liabilities92142173176211263238
Total Liabilities3645347138621,0591,4181,641
Fixed Assets107139156151172300316
CWIP2333014789301
Investments263794189250187252
Other Assets229355460491489841771
Total Assets3645347138621,0591,4181,641
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12213714614224146334
Cash from Investing Activity-45-61-76-147-264-35-276
Cash from Financing Activity-72-21-56-4-2-19-31
Net Cash Flow55514-10-24-828
Free Cash Flow106851258368-34115
CFO/OP80%66%70%92%109%36%151%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8010512112191124131
Inventory Days120253133137151209157
Days Payable901287258357048
Cash Conversion Cycle110231183199206262240
Working Capital Days558910312092157136
ROCE %58%53%35%30%40%26%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters86.00%86.00%86.00%86.00%86.00%86.00%86.00%79.81%79.81%79.81%79.81%73.15%
FIIs2.93%2.01%2.02%2.18%1.10%2.28%1.97%1.83%1.14%0.89%0.40%0.63%
DIIs3.70%3.04%2.14%1.75%2.02%1.33%0.95%3.63%4.65%4.51%4.65%9.11%
Public7.37%8.97%9.83%10.06%10.87%10.38%11.08%14.74%14.41%14.80%15.14%17.11%
No. of Shareholders55,58948,62542,88241,93343,00354,58170,77280,11780,18779,19978,91778,927

Fundamentals

Market Cap₹ 10,403 Cr.
Current Price₹ 550
Stock P/E44.3
Book Value₹ 78.4
ROCE26.1 %
ROE19.4 %
Dividend Yield0.22 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-28%
Compounded Profit Growth (TTM)-34%
Standalone figures.
Valuation
Market capRs 9,398 Cr
Enterprise valueRs 9,338 Cr
P/E (TTM)40.01x
Price to book13.79x
Price to sales10.61x
EV / EBITDA26.92x
EV / EBIT29.02x
EV / sales10.54x
Price to cash flow66.39x
Earnings yield2.50%
Profitability
Operating margin (excl. other income)30.39%
Operating margin (incl. other income)33.71%
EBITDA margin39.16%
Pre-tax margin35.63%
Net profit margin26.52%
Net margin, latest quarter26.70%
ROE26.60%
ROCE35.54%
ROA20.32%
ROE, 3-year average40.47%
ROCE, 3-year average49.15%
ROA, 3-year average27.00%
ROIC (approx.)38.30%
Tax rate26.12%
Other income / net worth3.52%
Growth
Sales growth (latest year)5.49%
Profit growth (latest year)-11.87%
Sales CAGR, 3 years10.24%
Profit CAGR, 3 years3.41%
Sales growth QoQ24.90%
Profit growth QoQ21.64%
Sales growth YoY (latest quarter)-17.38%
Profit growth YoY (latest quarter)-14.16%
Per share
EPS (TTM)Rs 13.54
EPS (latest year)Rs 9.23
EPS (latest quarter)Rs 4.51
EPS, 3-year averageRs 482.81
Book value per shareRs 39.29
Sales per shareRs 51.06
Cash flow per shareRs 8.16
Free cash flow per shareRs 6.63
Efficiency
Asset turnover0.84x
Fixed asset turnover4.77x
Inventory turnover3.22x
Inventory days113 days
Debtor days121 days
Debtors turnover3.01x
Creditor days48 days
Cash conversion cycle240 days
Working capital days136 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 66 Cr
Net debtRs -61 Cr
Debt to equity0.01x
Net debt / EBITDA-0.17x
Interest coverage51.82x
Current ratio (filing 2026-03-31)4.21x
Quick ratio (filing 2026-03-31)3.38x
Trade payables (filing 2026-03-31)Rs 57 Cr
Owners' fund to total sources79.05%
Debt to assets0.57%
Cash flow
Cash from Operating Activity (latest year)Rs 142 Cr
Cash from Investing Activity (latest year)Rs -147 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs 115 Cr
FCFE (approx.: FCF + change in debt)Rs 101 Cr
Cash from ops / profit, 5 years0.86x
Sales to cash flow5.09x
Statement figures
Net sales (TTM)Rs 886 Cr
Net sales (latest year)Rs 721 Cr
Sales (latest quarter)Rs 293 Cr
Operating profit excl. other income (latest year)Rs 219 Cr
Operating profit (latest quarter)Rs 98 Cr
Other income (TTM)Rs 76 Cr
EBITDA (TTM)Rs 347 Cr
PBDT (TTM)Rs 341 Cr
Profit before tax (TTM)Rs 316 Cr
Tax (latest year)Rs 57 Cr
Net profit (TTM)Rs 235 Cr
Net profit (latest year)Rs 160 Cr
Net profit (latest quarter)Rs 78 Cr
Depreciation (TTM)Rs 25 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 404 Cr
Total expenditure (latest year)Rs 502 Cr
Total income (latest year)Rs 745 Cr
Share capitalRs 35 Cr
ReservesRs 647 Cr
Shareholders' fundsRs 681 Cr
Total assetsRs 862 Cr
Net blockRs 151 Cr
Capital work in progressRs 30 Cr
InvestmentsRs 189 Cr
ReceivablesRs 239 Cr
InventoryRs 126 Cr
Other liabilitiesRs 176 Cr
Shares outstanding (crore)17.35
Ownership
Promoter holding73.15% (-6.66 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 40.0 is at the 33th percentile of its own 3.0-year range (median 43.8, low 19.3, high 91.9).
P/B 13.79 is at the 11th percentile (median 24.16).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBLUEJETNifty 50Difference
1 week-5.5%-2.8% -2.7 pts
1 month-7.6%-6.8% -0.8 pts
3 months-2.6%-7.6% +5.1 pts
6 months+65.6%+0.4% +65.2 pts
1 year-18.5%-9.9% -8.6 pts
2 years+3.3%-13.6% +16.8 pts
45 mutual fund schemes hold about ₹491 Cr. Over three months 43 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Healthcare Fund-1.93%135 +31%
ICICI Pru Value Fund0.13%76 +100%
ICICI Pru Manufacturing Fund1.01%73 +100%
UTI Small Cap Fund0.80%42 +61%
Qsif Equity Long-Short Fund3.50%26 +100%
Altiva Hybrid Long-Short Fund0.27%25 +100%
Groww Multicap Fund1.58%23 +15%
ICICI Pru MNC Fund1.06%19 +100%
Groww Small Cap Fund2.29%18 +36%
UTI Healthcare Fund0.99%14 +100%
Motilal Oswal Contra Fund2.11%9 +100%
ITI Large & Mid Cap Fund1.19%9 +100%
Qsif Equity Ex-Top 100 Long-Short Fund1.20%5 +100%
Nippon India Nifty Smallcap 250 Index Fund0.13%5 +58%
SBI Nifty Smallcap 250 Index Fund0.13%2 +58%
Motilal Oswal Nifty Smallcap 250 Index Fund0.13%2 +59%
Qsif Hybrid Long-Short Fund0.61%1 +100%
ICICI Pru Nifty Smallcap 250 Index Fund0.13%1 +58%
HDFC NIFTY Smallcap 250 Index Fund0.13%1 +58%
Nippon India Nifty 500 Equal Weight Index Fund0.19%1 -5%
JioBlackRock Nifty Smallcap 250 Index Fund0.13%1 +58%
Motilal Oswal Nifty 500 Index Fund0.01%0 +54%
Edelweiss Nifty Smallcap 250 Index Fund0.13%0 +58%
Qsif Active Asset Allocator Long-Short Fund0.14%0 +100%
Groww Nifty Smallcap 250 Index Fund0.13%0 +58%

Red flags

F-score 4 of 8
explainShare dilution Share count up 0% in a year, 173400% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹293 Cr -17.5% vs Jun 2025. Net profit ₹78 Cr -14.3%.
Against our estimate for Jun 2026: sales +27.5%, profit +28.4% in line. Our estimate for Sep 2026: sales Rs 125 Cr, profit Rs 34 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Sun Pharmaceutical Industries Ltd447,47635.420.5 %
Divis Laboratories Ltd250,36384.022.0 %
Torrent Pharmaceuticals Ltd186,15283.415.2 %
Zydus Lifesciences Ltd119,75024.621.1 %
Cipla Ltd111,43031.115.5 %
Laurus Labs Ltd106,92897.817.8 %
Mankind Pharma Ltd105,12049.313.5 %
Dr Reddys Laboratories Ltd104,49432.413.0 %
Aurobindo Pharma Ltd97,68225.812.9 %
Lupin Ltd93,84015.829.9 %
Glenmark Pharmaceuticals Ltd68,90522.139.8 %
Alkem Laboratories Ltd62,77227.621.2 %
Biocon Ltd61,43984.53.61 %
Abbott India Ltd57,94935.944.8 %
Gland Pharma Ltd49,33343.115.1 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 1.20 Per Share
2025-09-19Dividend - Rs 1.20 Per Share
2024-09-17Dividend - Re 1 Per Share
2024-09-17Annual General Meeting
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Blue Jet Healthcare Ltd?

Blue Jet Healthcare Ltd (BLUEJET) has a market capitalisation of Rs 10,403 Cr. at the 2026-10-01 close.

What is the P/E ratio of Blue Jet Healthcare Ltd?

Blue Jet Healthcare Ltd trades at a P/E of 44.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Blue Jet Healthcare Ltd's latest quarterly results?

In the Jun 2026 quarter, Blue Jet Healthcare Ltd sales was Rs 293 Cr (-17.5% vs Jun 2025) and net profit was Rs 78 Cr.

What is the 52-week high and low of Blue Jet Healthcare Ltd?

The 52-week high is Rs 692.90 and the 52-week low is Rs 325.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03