JUBLFOOD
Jubilant Foodworks Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
JUBLFOOD
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹438 today
BEAR
₹478
+9%
8.7% a year · 67.8x exit
BASE
₹592
+35%
15% a year · 79.3x exit
BULL
₹1,321
+202%
20.4% a year · 169.1x exit
Where the market has priced it
60x68x today207x
management named no year; shown one year out
- at 68x its FY26 earnings the stock trades below the bottom of its own ten-year range (68x)
- the range is unusually wide — read it as the span of management's own claim, not as a forecast
- this company's own median multiple sits 60% below its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹6.49 (screener) |
|---|---|
| Guided growth | 15% a year, said on the call of 27-May-2026 · transcript |
| Read across as | operating: revenue growth, margin held flat — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 67.83x / 79.28x / 169.14x, this company’s own p20 / median / p80 across 10 filed years |
| Filed-industry peers | median 196x across 3 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from a third-party research digest · not our own extraction
margin 2%
In the letter also we have said the long-term margin guidance on 200 bps holds and we'll try as quickly to get to that elevated number.
Call 27-May-2026 · bridge confidence medium · transcript PDF