SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Panama Petrochem Ltd (PANAMAPET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524820 NSE: PANAMAPET Lubricants | Small Cap | Panama Petrochem Share Price

₹344.80 -4.65 (-1.33%)

As on 05-Jun'26 16:59

Panama Petrochem Ltd (PANAMAPET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524820 NSE: PANAMAPET Lubricants | Small Cap | Panama Petrochem Share Price

₹344.80 -4.65 (-1.33%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,086 Cr.
Current Price
₹344.8
52-Week Low / High
₹229 / 373
TTM EPS
₹23.7
TTM Sales
₹1,962 Cr.
Book Value per Share
₹174.1
P/E Ratio
14.56
Higher than its 5-year historical median
Industry PE
16.8
Price to Book (P/B)
1.98
Lower than its 5-year historical median
Price to Sales (P/S)
1.06
Lower than its 5-year historical median
EV/EBITDA
10.01
Higher than its 5-year historical median
Dividend Yield
1.31%
Profitability Efficiency
Return on Equity (ROE)
13.04%
Underperforms industry median
Return on Capital Employed (ROCE)
18.99%
Underperforms industry median
Return on Assets (ROA)
9.26%
Operating Profit Margin
9.7%
Net Profit Margin
6.57%
Gross Profit Margin
9.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.95%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.85%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-11.17%
Asset Quality
Promoter Holding
63.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,041 Cr.
Equity
₹12.1 Cr.
Face Value
₹2
All Time Low / High
₹0.14 / 452.45

Panama Petrochem stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Panama Petrochem Ltd a good quality company?
Panama Petrochem Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Panama Petrochem Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Panama Petrochem Ltd vs industry peers?
Panama Petrochem Ltd revenue CAGR is 16.90%, compared to the industry median CAGR of 13.26%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Panama Petrochem Ltd?
Promoters hold 63.16% of the Panama Petrochem Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Panama Petrochem Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 21.7% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Panama Petrochem Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.1%23.5%27.9%18.1%8.1%39%40.2%35.6%23.4%19%-
Value Creation
Index
0.00.71.00.3-0.41.81.91.50.70.4-

Growth Parameters

Sales 6657251,1701,0788131,2021,5401,7081,7251,7761,962
Sales YoY Gr.-9.1%61.3%-7.9%-24.6%47.8%28.1%11%1%3%-
Adj EPS 46.69.17.73.220.428.431.221.419.823.7
YoY Gr.-63.7%38.2%-15.3%-58.3%534%39.7%9.9%-31.4%-7.5%-
BVPS (₹) 42.248.756.861.763.282.5106.8127.4141.4154.2174.1
Adj Net
Profit
24.339.85546.619.4123172189130120143
Cash Flow from Ops. 20.33628.7-47.416630.9151144-32.177.7-
Debt/CF from Ops. 1.40.41-2.200.300-0.80-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.5%16.9%4.9%3%
Adj EPS 19.4%43.9%-11.4%-7.5%
BVPS15.5%19.5%13%9%
Share Price 24.9% 10.2% 4.8% -5.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.914.517.2135.127.930.126.715.913.414.4
Op. Profit
Mgn %
6.99.68.48.44.714.415.115.5119.810
Net Profit
Mgn %
3.75.54.74.32.410.211.211.17.56.87.3
Debt to
Equity
0.100.10.30000000
Working Cap
Days
16317618924525717318217918418478
Cash Conv.
Cycle
48453767955550538410357

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6657251,1701,0788131,2021,5401,7081,7251,776
Operating Expenses + 6256571,0739997771,0311,3081,4561,5361,607
Manufacturing Costs22202427283232303133
Material Costs5545899808906878921,1491,3041,4121,437
Employee Cost 567892520211224
Other Costs 45436274538210710281113
Operating Profit 4068977936172231252189168
Operating Profit Margin (%) 6.0%9.4%8.3%7.3%4.4%14.3%15.0%14.8%11.0%9.5%
Other Income + 241347661112
Exceptional Items 0000000000
Interest 7712201364101714
Depreciation 3334555678
Profit Before Tax 3263845822168227242177158
Tax 1222292034456624641
Profit After Tax 2041543818123171181131117
PAT Margin (%) 3.0%5.7%4.7%3.5%2.2%10.3%11.1%10.6%7.6%6.6%
Adjusted EPS (₹)3.36.89.06.33.020.428.329.921.719.3
Dividend Payout Ratio (%)10%9.90%13.40%19.10%39.80%9.80%28.20%26.80%32.30%26%

Valuation of Panama Petrochem - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 255294344373382499646771855933
Share Capital 881212121212121212
Reserves 247286332361370487634759843921
Debt +2913301051800252
Long Term Debt0000000000
Short Term Debt2913301051800252
Minority Interest0000000000
Trade Payables144253497279220279420248227184
Others Liabilities 284789938912016020919892
Total Liabilities 4566079598506939051,2251,2281,3061,212

Fixed Assets

Net Fixed Assets +798286100105114155175223217
Gross Block99104111128137151197221275275
Accumulated Depreciation20222528323741465158
CWIP 0412111722513114
Investments 54535252525257565471
Inventories135230395311192260439277361326
Trade Receivables135176279264191293265313379395
Cash Equivalents 111626534421201696334
Others Assets 4146109108102122185224225155
Total Assets 4566079598506939051,2251,2281,3061,212

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 203629-4716631151144-3278
PBT 3263845822168227242177158
Adjustment 1022514207841616
Changes in Working Capital -12-10-49-99130-104-25-41-180-57
Tax Paid -9-19-30-20-6-39-59-61-45-39
Cash Flow From Investing Activity + -7-9-15-20-15-12-110-7785-33
Capex -7-9-21-21-14-19-29-34-49-22
Net Investments -2-26-0-23-78-49126-21
Others 221214-35910
Cash Flow From Financing Activity + -12-25047-126-7-37-64-39-74
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -7-7-12-20-13-6-4-10-16-15
Dividend Paid -10-2-4-7-7-7-24-54-48-36
Others 4-161674-1057-8-025-23
Net Cash Flow 1214-2025125214-29

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.1914.917.0410.64.8228.0129.9525.4916.1413.04
ROCE (%)14.1223.4727.9318.148.1238.9740.1835.6123.4418.99
Asset Turnover Ratio1.561.491.521.191.051.51.451.391.361.41
PAT to CFO Conversion(x)10.880.54-1.249.220.250.880.8-0.240.67
Working Capital Days
Receivable Days71.7071.8069.8091.8010273.4066.1061.8073.2079.50
Inventory Days7384.3095.80119.40112.9068.7082.8076.4067.5070.60
Payable Days107123.20139.60159.20132.70102.20111.1093.5061.4052.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Panama Petrochem Ltd FAQs

The current trading price of Panama Petrochem on 05-Jun-2026 16:59 is ₹344.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Panama Petrochem stood at ₹2,085.8 Cr

The latest P/E ratio of Panama Petrochem as of 04-Jun-2026 is 14.56.

The latest P/B ratio of Panama Petrochem as of 04-Jun-2026 is 1.98.

The 52-week high of Panama Petrochem is ₹373.4 and the 52-week low is ₹229.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panama Petrochem is ₹1,962 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Panama Petrochem Ltd is a good quality company.

The key valuation ratios of Panama Petrochem Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Panama Petrochem Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Panama Petrochem Ltd

Panama Petrochem established in 1975 is one of India’s leading manufacturers and exporters of petroleum specialty products. Their focus is to consistently provide quality services. Their petroleum products are in great demand for various industries like inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables and other different industrial purposes. Panama Petrochem Limited is also listed on the Mumbai Stock Exchange.

Panama Petrochem manufactures more than 80 product variants vital for nearly six to seven industry segments. They are in league with the giants of each industry. They are in collaboration with Lubcon, Germany for distribution of their specialized products . Last but certainly not the least, they also furnish various Power Generation Boards and Atomic Research Centers with their required products. Since they realize how significant every client is to them, they keep in mind each client’s specifications and needs, ensuring customer satisfaction and an excellent rapport. This policy that they follow guarantees little scope for dissatisfaction from the customer’s end.

Their business is spread across India in the form of four manufacturing plants at Ankleshwar(Gujarat), Daman(Union Territory), Marol (Mumbai) and Taloja (Dist. Raigadh).  Panama Petrochem Ltd. is progressing every day, and their increasing turnover and better results period after period proves this.

The company is in the field of petroleum speciality oils and solvents for more than 25 years. Its Ankleshwar Plant is one of the best of its kind in terms of huge production capacity with large storage tanks and warehouses.

The company’s specialization and expertise is their strength so that they continuously add new and more value-added products in their list so as to serve the niche market and stay always abreast of their competitors. They have procured all the required statutory approvals that permit them to supply their various oil products to the different industries. Their clients have complete faith in the quality of each of their products, which is why they have received a great response from customer’s end.

By exploring international markets, Panama Petrochem continuously aims to bring about a rise in the exports. They export a variety of their products like Petroleum Jelly, Liquid Paraffin, Transformer Oil and Rubber Process Oil to different countries like USA, UK, Europe, Middle East, Australia, African Sub-continent, South East Asia etc . Good infrastructure for the company and their state-of-the-art Research and Development center help them to simultaneously cater to domestic and international needs.

Product range of the company includes:

  • White Oil
  • Turbine Oil
  • Spray Oil and Hydraulic Oil
  • Transformer Oil
  • Petroleum Jelly
  • Liquid Paraffins
  • White Soft Paraffins
  • Petrolatum

It also manufactures Ink Oils (Solvents for Printing Inks & Resins) of various grades and can also supply as per customers specification. Its Ink oils find good market in different printing ink & resin manufacturers. Recently the company has developed wax blends & highly aromatic petroleum oils for rubber industries, which are well accepted by some of the leading tyre manufacturers.

The company provides their petroleum specialty products to:

  • Cosmetic Industries
  • Phamaceutical Industries
  • Ink and Resins Industries
  • Transformer MFG Industries
  • Rubber and Tyre Industries
  • Textile Industries
  • Cable MFG Industries
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×