Panama Petrochem Ltd - Stock Valuation and Financial Performance

BSE: 524820 | NSE: PANAMAPET | Lubricants | Small Cap

Panama Petrochem Share Price

335.45 5.70 1.73%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Panama Petrochem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Panama Petrochem stock performance -

mw4me loader
P/E Ratio (SA):
15.50
Market Cap:
1,994.8 Cr.
52-wk low:
268.9
52-wk high:
387.1

Is Panama Petrochem Ltd an attractive stock to invest in?

1. Is Panama Petrochem Ltd a good quality company?

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

2. Is Panama Petrochem Ltd undervalued or overvalued?

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

3. Is Panama Petrochem Ltd a good buy now?

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

10 Year X-Ray of Panama Petrochem:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.9%7.8%10.7%15%18.5%14.2%6.7%28.6%30.4%27.7%-
Value Creation
Index
-0.4-0.4-0.20.10.30.0-0.51.01.21.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5917306657251,1701,0788131,2021,5401,7081,601
Sales YoY Gr.-23.4%-8.9%9.1%61.3%-7.9%-24.6%47.8%28.1%11%-
Adj EPS 3.12.546.69.17.73.220.428.431.221.3
YoY Gr.--18.6%60.8%63.7%38.2%-15.3%-58.3%534%39.7%9.9%-
BVPS (₹) 38.739.342.248.756.861.763.282.5106.8127.4138.3
Adj Net
Profit
18.615.124.339.85546.619.4123172189129
Cash Flow from Ops. 22.5-5.520.33628.7-47.416630.9151144-
Debt/CF from Ops. 0.8-4.51.40.41-2.200.300-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.5%7.9%28.1%11%
Adj EPS 29.4%28%113.5%9.9%
BVPS14.2%17.5%26.3%19.3%
Share Price 33.4% 22% 31.9% 23.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
86.49.914.517.2135.127.930.126.716
Op. Profit
Mgn %
5.43.96.99.68.48.44.714.415.115.511.3
Net Profit
Mgn %
3.12.13.75.54.74.32.410.211.211.18
Debt to
Equity
0.10.10.100.10.30000-
Working Cap
Days
16114616317618924525717318217985
Cash Conv.
Cycle
3537484537679555505358

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.06%

Net Profit is growing at healthy rate in last 3 years 113.50%

Return on Equity has declined versus last 3 years average to 16.00%

Sales growth is not so good in last 4 quarters at -3.97%

Latest Financials - Panama Petrochem Ltd.

Standalone Consolidated
TTM EPS (₹) 21.3 30.6
TTM Sales (₹ Cr.) 1,601 2,126
BVPS (₹.) 138.3 175
Reserves (₹ Cr.) 824 1,047
P/BV 2.39 1.88
PE 15.50 10.78
From the Market
52 Week Low / High (₹) 268.90 / 387.05
All Time Low / High (₹) 0.14 / 424.75
Market Cap (₹ Cr.) 1,995
Equity (₹ Cr.) 12.1
Face Value (₹) 2
Industry PE 18.7

Management X-Ray of Panama Petrochem:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Panama Petrochem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5917306657251,1701,0788131,2021,5401,708
Operating Expenses 5647036256571,0739997771,0311,3081,456
Manufacturing Costs13212220242728323230
Material Costs5156425545899808906878921,1491,304
Employee Cost 4456789252021
Other Costs 3237454362745382107102
Operating Profit 27264068977936172231252
Operating Profit Margin (%) 4.6%3.6%6.0%9.4%8.3%7.3%4.4%14.3%15.0%14.8%
Other Income 1124134766
Interest 67771220136410
Depreciation 2333345556
Exceptional Items 0000000000
Profit Before Tax 20183263845822168227242
Tax 54122229203445662
Profit After Tax 15142041543818123171181
PAT Margin (%) 2.6%1.9%3.0%5.6%4.6%3.5%2.2%10.3%11.1%10.6%
Adjusted EPS (₹)2.62.33.36.89.06.33.020.428.329.9
Dividend Payout Ratio (%)31%59%10%10%13%19%40%10%28%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 234238255294344373382499646771
Share Capital 8888121212121212
Reserves 226230247286332361370487634759
Minority Interest0000000000
Debt17242913301051800
Long Term Debt0000000000
Short Term Debt17242913301051800
Trade Payables173180144253497279220279420248
Others Liabilities 30292847899389120160209
Total Liabilities 4544714566079598506939051,2251,228

Fixed Assets

Gross Block909399104111128137151197221
Accumulated Depreciation14172022252832374146
Net Fixed Assets7776798286100105114155175
CWIP 000412111722513
Investments 52525453525252525756
Inventories131153135230395311192260439277
Trade Receivables133149135176279264191293265313
Cash Equivalents 241211162653442120169
Others Assets37304146109108102122185224
Total Assets 4544714566079598506939051,2251,228

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 22-5203629-4716631151144
PBT 20183263845822168227242
Adjustment 412102251420784
Changes in Working Capital 1-31-12-10-49-99130-104-25-41
Tax Paid -3-4-9-19-30-20-6-39-59-61
Cash Flow From Investing Activity -28-4-7-9-15-20-15-12-110-77
Capex -6-3-7-9-21-21-14-19-29-34
Net Investments 00-2-260-23-78-48
Others -22-1221214-35
Cash Flow From Financing Activity -23-5-12-25047-126-7-37-64
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -6-7-7-7-12-20-13-6-4-10
Dividend Paid -4-6-10-2-4-7-7-7-24-54
Others -1384-161674-1057-80
Net Cash Flow -28-141214-20251252
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.615.838.1914.917.0410.64.8228.0129.9525.49
ROCE (%)10.369.614.1223.4727.9318.148.1238.9740.1835.61
Asset Turnover Ratio1.471.711.561.491.521.191.051.51.451.39
PAT to CFO Conversion(x)1.47-0.3610.880.54-1.249.220.250.880.8
Working Capital Days
Receivable Days716572727092102736662
Inventory Days7365738496119113698376
Payable Days11810110712314015913310211193

Panama Petrochem Ltd Stock News

Panama Petrochem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Panama Petrochem on 28-Mar-2024 16:01 is ₹335.4.
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 28-Mar-2024 16:01 the market cap of Panama Petrochem stood at ₹1,994.8.
The latest P/E ratio of Panama Petrochem as of 28-Mar-2024 16:01 is 15.50.
The latest P/B ratio of Panama Petrochem as of 28-Mar-2024 16:01 is 2.39.
The 52-week high of Panama Petrochem is ₹387.1 and the 52-week low is ₹268.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panama Petrochem is ₹1,601 ( Cr.) .

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
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