Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹163Cr
Rev Gr TTM
Revenue Growth TTM
5.12%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

JSTL
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -33.5 | 0.6 | 1.1 | 1.8 | 39.6 | 24.0 | 41.4 | 23.5 | -9.1 | -31.7 | 8.6 | 52.4 |
| 9 | 8 | 7 | 9 | 10 | 10 | 9 | 10 | 10 | 11 | 10 | 14 |
Operating Profit Operating ProfitCr |
| -13.1 | 19.5 | 7.4 | 10.1 | 8.8 | 25.0 | 21.9 | 16.6 | -3.8 | -20.2 | 16.7 | 27.4 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 |
| -2 | 1 | -1 | -1 | -1 | 1 | 1 | 0 | -3 | -4 | 0 | 3 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | -472.6 | 34.2 | 48.7 | -1,080.0 | 68.4 | 102.0 | 141.0 | 110.2 | -72.6 | -412.6 | -96.0 | 4,700.0 |
| -29.1 | 4.9 | -7.6 | -4.8 | -6.6 | 8.0 | 2.2 | 0.4 | -12.5 | -36.6 | 0.1 | 12.6 |
| -1.5 | 0.3 | -0.4 | -0.3 | -0.5 | 0.7 | 0.2 | 0.0 | -0.8 | -2.0 | 0.0 | 1.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 4.8 | 12.0 | 28.1 | -8.4 | 96.1 | 44.4 | -46.6 | 9.6 | 18.1 | 7.4 |
| 16 | 15 | 17 | 21 | 30 | 30 | 51 | 35 | 35 | 39 | 45 |
Operating Profit Operating ProfitCr |
| 10.2 | 16.8 | 16.8 | 20.9 | -26.6 | 37.0 | 24.7 | 3.6 | 11.7 | 15.8 | 10.2 |
Other Income Other IncomeCr | 0 | 1 | 1 | 1 | 3 | 2 | 6 | 1 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 1 | 1 | 2 | 2 | 3 | 2 | 1 | 1 | 1 | 2 | 2 |
Depreciation DepreciationCr | 1 | 1 | 2 | 3 | 4 | 4 | 4 | 5 | 6 | 6 | 7 |
| 0 | 1 | 0 | 1 | -11 | 14 | 18 | -4 | -2 | 0 | -3 |
| 0 | 0 | 0 | 0 | -2 | 2 | 6 | -1 | 0 | 0 | -1 |
|
| | 13,596.6 | -87.6 | 896.6 | -870.7 | 236.7 | 1.7 | -125.7 | 56.7 | 104.5 | -3,608.5 |
| 0.0 | 5.0 | 0.6 | 4.3 | -35.9 | 25.0 | 17.6 | -8.5 | -3.4 | 0.1 | -4.1 |
| 0.0 | 0.9 | 0.1 | 0.7 | -5.6 | 7.7 | 7.9 | -2.0 | -0.9 | 0.0 | -1.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 6 | 9 | 11 | 15 | 15 | 15 | 15 | 15 | 15 | 16 | 16 |
| -2 | 3 | 7 | 17 | 8 | 20 | 35 | 33 | 33 | 34 | 31 |
Current Liabilities Current LiabilitiesCr | 8 | 9 | 17 | 21 | 22 | 23 | 22 | 11 | 9 | 12 | 23 |
Non Current Liabilities Non Current LiabilitiesCr | 8 | 5 | 10 | 8 | 8 | 8 | 5 | 6 | 10 | 16 | 13 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 11 | 14 | 21 | 25 | 18 | 34 | 54 | 29 | 25 | 29 | 33 |
Non Current Assets Non Current AssetsCr | 9 | 17 | 29 | 36 | 36 | 32 | 24 | 37 | 43 | 50 | 51 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 4 | -6 | 6 | 4 | 0 | 5 | 20 | -6 | 3 | 10 |
Investing Cash Flow Investing Cash FlowCr | -4 | -9 | -14 | -8 | -2 | -1 | -1 | -7 | -12 | -16 |
Financing Cash Flow Financing Cash FlowCr | 0 | 15 | 10 | 6 | 0 | 0 | 6 | -10 | 2 | 5 |
|
Free Cash Flow Free Cash FlowCr | 0 | -15 | -9 | -4 | -2 | 4 | 17 | -15 | -9 | -6 |
| -52,980.2 | -622.1 | 5,052.9 | 362.4 | 0.1 | 42.1 | 163.8 | 209.0 | -217.9 | 17,072.5 |
CFO To EBITDA CFO To EBITDA% | 200.8 | -183.2 | 165.3 | 73.9 | 0.1 | 28.5 | 116.7 | -485.1 | 62.6 | 135.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 23 | 37 | 48 | 44 | 25 | 94 | 199 | 75 | 79 | 63 |
Price To Earnings Price To Earnings | 0.0 | 41.5 | 417.0 | 39.3 | 0.0 | 8.0 | 16.6 | 0.0 | 0.0 | 501.3 |
Price To Sales Price To Sales | 1.4 | 2.0 | 2.3 | 1.7 | 1.0 | 2.0 | 2.9 | 2.1 | 2.0 | 1.4 |
Price To Book Price To Book | 6.2 | 3.1 | 2.5 | 1.4 | 1.1 | 2.7 | 3.9 | 1.6 | 1.6 | 1.3 |
| 19.3 | 14.5 | 18.5 | 10.1 | -5.9 | 5.6 | 10.8 | 59.6 | 20.0 | 11.3 |
Profitability Ratios Profitability Ratios |
| 99.1 | 99.1 | 93.6 | 93.7 | 96.4 | 98.6 | 89.1 | 91.7 | 90.4 | 91.9 |
| 10.2 | 16.8 | 16.8 | 20.9 | -26.6 | 37.0 | 24.7 | 3.6 | 11.7 | 15.8 |
| 0.0 | 5.0 | 0.6 | 4.3 | -35.9 | 25.0 | 17.6 | -8.5 | -3.4 | 0.1 |
| 10.3 | 12.5 | 6.2 | 7.2 | -20.1 | 34.8 | 30.1 | -4.6 | -1.0 | 2.6 |
| -0.2 | 7.5 | 0.6 | 3.5 | -37.0 | 33.5 | 23.6 | -6.4 | -2.7 | 0.1 |
| 0.0 | 2.9 | 0.2 | 1.8 | -15.9 | 17.8 | 15.3 | -4.7 | -2.0 | 0.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Jeevan Scientific Technology Limited (JSTL) is a leading full-service Contract Research Organization (CRO) headquartered in Hyderabad, India. With over two decades of experience, JSTL supports pharmaceutical, biotechnology, and healthcare companies across the global drug development lifecycle. The company has established itself as a trusted partner for bioavailability/bioequivalence (BA/BE) studies, clinical trials (Phase I–IV), pharmacovigilance, and advanced drug delivery R&D through its subsidiary, **Nayas Laboratories Private Limited**.
JSTL combines regulatory excellence, scientific innovation, and operational efficiency to deliver high-quality, time-sensitive solutions for both generic and innovative therapeutics, including biosimilars, complex generics, and novel molecules.
---
### **Core Capabilities & Infrastructure**
#### **1. Clinical Research & Trial Operations**
- Conducted **approximately 666 clinical studies** across diverse therapeutic areas and dosage forms.
- Offers end-to-end clinical development services from Phase I to Phase IV, including interventional and observational studies.
- Specializes in complex trial designs, feasibility assessment, recruitment of specialized patient populations, and multi-country coordination.
- Maintains an independent **20,000 sq. ft. USFDA/MHRA/WHO/CDSCO-inspected clinical pharmacology unit**, equipped with:
- 4 wards (over 100 beds)
- 2 special care units (3 beds each)
- Glucose clamp technology and YSI analyzers
- Automated volunteer management system
- Dedicated ambulance and tie-ups with tertiary care hospitals
- Focus on fast patient recruitment and rapid study completion to accelerate time-to-market for clients.
#### **2. Bioanalytical Laboratory**
- State-of-the-art NABL-accredited facility with:
- 2 processing labs
- 4 LC-MS/MS labs
- **12 LC-MS/MS instruments** and 1 ELISA system (upgraded since 2021)
- Cold chain storage: walk-in freezers at -70°C and -20°C
- 21 CFR Part 11-compliant data logging systems
- Successfully passed regulatory inspections by **USFDA, WHO, UK-MHRA, CDSCO**, and sponsor audits — validating data integrity and compliance.
- Expertise in bioanalytical method development for **over 220 small molecules and 10 large molecules**, covering 250+ drugs or compounds.
- Strong capabilities in handling **light-sensitive and complex molecules**, supported by a skilled scientific team.
#### **3. In-House Pathology Laboratory**
- On-site NABL-accredited lab for haematology, serology, biochemistry, and urine analysis, enabling efficient screening for clinical trial participants.
---
### **Growth Strategy & Business Expansion**
#### **1. Geographic Expansion**
- Targeting **multi-fold growth in FY2025–26** by expanding full-service CRO operations into **Latin America (LATAM), the Middle East, and Southeast Asia**.
- Strategic regulatory accreditations obtained:
- **NPRA (Malaysia)**
- In progress: **ANVISA (Brazil)** and **GHC (Gulf Health Council)**
- Aims to become a **one-stop shop for global pharma clients**, offering harmonized services across international markets.
#### **2. Service Diversification**
- Core growth drivers: **Clinical Trials, Pharmacovigilance, and BA/BE**.
- Active expansion into high-complexity segments:
- **Biosimilars**
- **Large and sensitive molecules**
- **505(b)(2) and Para IV applications**
- Plans to introduce integrated offerings in:
- **Clinical Data Management (CDM)**
- **Biostatistics**
- **Medical Writing**
- Strengthening capabilities in **risk-based monitoring, real-world evidence (RWE), and digital clinical trials** using ePROs and virtual trial models.
#### **3. Digital Transformation & Innovation**
- Heavy focus on **automation, digitization, and AI-powered tools** to:
- Reduce turnaround times
- Enhance data accuracy
- Improve audit readiness
- Ensure regulatory compliance
- Leveraging **big data and artificial intelligence** for signal detection and pharmacovigilance analytics.
---
### **Subsidiary: Nayas Laboratories Private Limited**
- India’s **first CRO dedicated to Advanced Drug Delivery Technology Platforms** and **in-house development of patentable biomedical polymers**.
- Offers full lifecycle services from concept to commercialization in:
- Complex Generics
- Novel Drug Delivery Systems
- 505(b)(2) products
- Polymer-based formulations
- Equipped with advanced R&D infrastructure for formulation, analytical development, and regulatory support.
- Positioned as a key enabler of JSTL’s innovation-led growth strategy in differentiated and high-margin segments.
---
### **Market Position & Industry Trends**
#### **Industry Tailwinds**
- Rising complexity in clinical trials due to stricter regulatory norms, specific patient criteria, and digital endpoints is driving demand for experienced, large-scale CROs.
- Growth in **real-world evidence (RWE)** adoption using EMRs, insurance claims, and digital health tools to demonstrate therapy value amid rising R&D costs.
- Increased outsourcing by global pharma firms to focus on core competencies — especially in regulated (US, EU) and emerging markets.
- India's emergence as a preferred outsourcing destination due to **cost efficiency (~30–40% savings), skilled workforce, and strong ITES infrastructure**.
#### **JSTL’s Competitive Edge**
- **Regulatory Track Record**: Passed **16+ regulatory inspections** (up from 14 in 2022), including multiple international agencies.
- **Global Service Reach**: Supports clients worldwide with compliant, high-quality data.
- **Operational Excellence**: Focus on process orientation, lifecycle management, and customer retention.
- **Strategic Flexibility**: Offers both end-to-end solutions and standalone/customized services.
---
### **Pharmacovigilance (PV) Leadership**
- PV is a key growth pillar, with specialized services including:
- ICSR processing
- Literature screening
- Signal detection (leveraging AI and big data)
- Risk Management Plans (RMPs)
- Preparation of PSURs, PBRERs, and PSMBFs
- Operates a **24x7 Medical Information Call Centre (MICC)** powered by Ozonetel and Aavaz platforms, supporting global clients.
- Based in **Hyderabad — a major pharmacovigilance hub in India** — with a dedicated team of physicians and PV experts.
- Targeting small and mid-sized pharma companies with cost-effective, automated PV solutions.
---
### **Leadership & Expertise**
- Led by **Dr. M. Rajendra Prasad**, a veteran CRO leader with deep expertise in clinical operations, BA/BE, data management, and regulatory compliance.
- Team comprises experienced professionals across scientific, medical, regulatory, and technical domains with global project exposure.