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About
Panama Petrochem Ltd (PANAMAPET)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524820 NSE: PANAMAPET Lubricants | Small Cap | Panama Petrochem Share Price
₹483.75 -4.80 (-0.98%)
As on 14-Aug'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
₹483.75 -4.80 (-0.98%)
As on 14-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹2,926 Cr.
Current Price
₹483.8
52-Week Low / High
₹229 / 600
TTM EPS
₹54.9
TTM Sales
₹2,786 Cr.
Book Value per Share
₹210.1
P/E Ratio
8.81
Lower than its 5-year historical median
Industry PE
13.9
Price to Book (P/B)
2.30
Lower than its 5-year historical median
Price to Sales (P/S)
1.05
Lower than its 5-year historical median
EV/EBITDA
6.35
Lower than its 5-year historical median
Dividend Yield
0.62%
Profitability Efficiency
Return on Equity (ROE)
14.43%
Underperforms industry median
Return on Capital Employed (ROCE)
19.76%
Underperforms industry median
Return on Assets (ROA)
10.47%
Operating Profit Margin
10.1%
Net Profit Margin
7.3%
Gross Profit Margin
10.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.48%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
16.99%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
22.89%
Asset Quality
Promoter Holding
63.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,259 Cr.
Equity
₹12.1 Cr.
Face Value
₹2
All Time Low / High
₹0.14 / 600.00
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Strong
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?
Revenue growth of Panama Petrochem Ltd vs industry peers?
Panama Petrochem Ltd revenue CAGR is 10.29%, compared to the industry median CAGR of 10.29%, indicating stable growth and maintaining its market share.
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.
Stock return of Panama Petrochem Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 27.8% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.5% | 27.9% | 18.1% | 8.1% | 39% | 40.2% | 35.6% | 23.4% | 19% | 19.8% | - |
| Value Creation Index ⓘ | 0.7 | 1.0 | 0.3 | -0.4 | 1.8 | 1.9 | 1.5 | 0.7 | 0.4 | 0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 725 | 1,170 | 1,078 | 813 | 1,202 | 1,540 | 1,708 | 1,725 | 1,776 | 1,962 | 2,786 |
| Sales YoY Gr. | - | 61.3% | -7.9% | -24.6% | 47.8% | 28.1% | 11% | 1% | 3% | 10.5% | - |
| Adj EPS ⓘ | 6.6 | 9.1 | 7.7 | 3.2 | 20.4 | 28.4 | 31.2 | 21.4 | 19.8 | 23.7 | 54.9 |
| YoY Gr. | - | 38.2% | -15.3% | -58.3% | 534% | 39.7% | 9.9% | -31.4% | -7.5% | 19.5% | - |
| BVPS (₹) ⓘ | 48.7 | 56.8 | 61.7 | 63.2 | 82.5 | 106.8 | 127.4 | 141.4 | 154.2 | 174.1 | 210.1 |
| Adj Net Profit ⓘ | 39.8 | 55 | 46.6 | 19.4 | 123 | 172 | 189 | 130 | 120 | 143 | 332 |
| Cash Flow from Ops. ⓘ | 36 | 28.7 | -47.4 | 166 | 30.9 | 151 | 144 | -32.1 | 77.7 | 14.6 | - |
| Debt/CF from Ops. ⓘ | 0.4 | 1 | -2.2 | 0 | 0.3 | 0 | 0 | -0.8 | 0 | 3.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.7% | 10.3% | 4.7% | 10.5% | ||||
| Adj EPS ⓘ | 15.3% | 3.1% | -8.8% | 19.5% | ||||
| BVPSⓘ | 15.2% | 16.1% | 11% | 12.9% | ||||
| Share Price | 27.7% | 11.3% | 19% | 45% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.5 | 17.2 | 13 | 5.1 | 27.9 | 30.1 | 26.7 | 15.9 | 13.4 | 14.4 | 28.6 |
| Op. Profit Mgn % ⓘ | 9.6 | 8.4 | 8.4 | 4.7 | 14.4 | 15.1 | 15.5 | 11 | 9.8 | 10.1 | 16.2 |
| Net Profit Mgn % ⓘ | 5.5 | 4.7 | 4.3 | 2.4 | 10.2 | 11.2 | 11.1 | 7.5 | 6.8 | 7.3 | 11.9 |
| Debt to Equity ⓘ | 0 | 0.1 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 176 | 189 | 245 | 257 | 173 | 182 | 179 | 184 | 184 | 184 | 78 |
| Cash Conv. Cycle ⓘ | 45 | 37 | 67 | 95 | 55 | 50 | 53 | 84 | 103 | 107 | 57 |
Valuation of Panama Petrochem - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 725 | 1,170 | 1,078 | 813 | 1,202 | 1,540 | 1,708 | 1,725 | 1,776 | 1,962 |
| Operating Expenses ⓘ + | 657 | 1,073 | 999 | 777 | 1,031 | 1,308 | 1,456 | 1,536 | 1,607 | 1,765 |
| Operating Profit ⓘ | 68 | 97 | 79 | 36 | 172 | 231 | 252 | 189 | 168 | 197 |
| Operating Profit Margin (%) | 9.4% | 8.3% | 7.3% | 4.4% | 14.3% | 15.0% | 14.8% | 11.0% | 9.5% | 10.0% |
| Other Income ⓘ + | 4 | 1 | 3 | 4 | 7 | 6 | 6 | 11 | 12 | 13 |
| Interest ⓘ | 7 | 12 | 20 | 13 | 6 | 4 | 10 | 17 | 14 | 8 |
| Depreciation ⓘ | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 7 | 8 | 9 |
| Profit Before Tax ⓘ | 63 | 84 | 58 | 22 | 168 | 227 | 242 | 177 | 158 | 193 |
| Tax ⓘ | 22 | 29 | 20 | 3 | 44 | 56 | 62 | 46 | 41 | 50 |
| Profit After Tax | 41 | 54 | 38 | 18 | 123 | 171 | 181 | 131 | 117 | 143 |
| PAT Margin (%) | 5.7% | 4.7% | 3.5% | 2.2% | 10.3% | 11.1% | 10.6% | 7.6% | 6.6% | 7.3% |
| Adjusted EPS (₹) | 6.8 | 9.0 | 6.3 | 3.0 | 20.4 | 28.3 | 29.9 | 21.7 | 19.3 | 23.7 |
| Dividend Payout Ratio (%) | 9.90% | 13.40% | 19.10% | 39.80% | 9.80% | 28.20% | 26.80% | 32.30% | 26% | 12.70% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 294 | 344 | 373 | 382 | 499 | 646 | 771 | 855 | 933 | 1,053 | |
| Debt + | 13 | 30 | 105 | 1 | 8 | 0 | 0 | 25 | 2 | 52 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 253 | 497 | 279 | 220 | 279 | 420 | 248 | 227 | 184 | 274 | |
| Others Liabilities ⓘ | 47 | 89 | 93 | 89 | 120 | 160 | 209 | 198 | 92 | 147 | |
| Total Liabilities ⓘ | 607 | 959 | 850 | 693 | 905 | 1,225 | 1,228 | 1,306 | 1,212 | 1,526 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 82 | 86 | 100 | 105 | 114 | 155 | 175 | 223 | 217 | 222 | |
| CWIP ⓘ | 4 | 12 | 11 | 17 | 22 | 5 | 13 | 1 | 14 | 17 | |
| Investments ⓘ | 53 | 52 | 52 | 52 | 52 | 57 | 56 | 54 | 71 | 86 | |
| Inventories | 230 | 395 | 311 | 192 | 260 | 439 | 277 | 361 | 326 | 465 | |
| Trade Receivables | 176 | 279 | 264 | 191 | 293 | 265 | 313 | 379 | 395 | 473 | |
| Cash Equivalents | 16 | 26 | 5 | 34 | 42 | 120 | 169 | 63 | 34 | 33 | |
| Others Assets ⓘ | 46 | 109 | 108 | 102 | 122 | 185 | 224 | 225 | 155 | 230 | |
| Total Assets ⓘ | 607 | 959 | 850 | 693 | 905 | 1,225 | 1,228 | 1,306 | 1,212 | 1,526 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 36 | 29 | -47 | 166 | 31 | 151 | 144 | -32 | 78 | 15 |
| Cash Flow From Investing Activity ⓘ + | -9 | -15 | -20 | -15 | -12 | -110 | -77 | 85 | -33 | -39 |
| Cash Flow From Financing Activity ⓘ + | -25 | 0 | 47 | -126 | -7 | -37 | -64 | -39 | -74 | 23 |
| Net Cash Flow ⓘ | 2 | 14 | -20 | 25 | 12 | 5 | 2 | 14 | -29 | -1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.9 | 17.04 | 10.6 | 4.82 | 28.01 | 29.95 | 25.49 | 16.14 | 13.04 | 14.43 |
| ROCE (%) | 23.47 | 27.93 | 18.14 | 8.12 | 38.97 | 40.18 | 35.61 | 23.44 | 18.99 | 19.76 |
| Asset Turnover Ratio | 1.49 | 1.52 | 1.19 | 1.05 | 1.5 | 1.45 | 1.39 | 1.36 | 1.41 | 1.43 |
| PAT to CFO Conversion(x) | 0.88 | 0.54 | -1.24 | 9.22 | 0.25 | 0.88 | 0.8 | -0.24 | 0.67 | 0.1 |
| Working Capital Days | ||||||||||
| Receivable Days | 71.80 | 69.80 | 91.80 | 102 | 73.40 | 66.10 | 61.80 | 73.20 | 79.50 | 80.70 |
| Inventory Days | 84.30 | 95.80 | 119.40 | 112.90 | 68.70 | 82.80 | 76.40 | 67.50 | 70.60 | 73.60 |
| Payable Days | 123.20 | 139.60 | 159.20 | 132.70 | 102.20 | 111.10 | 93.50 | 61.40 | 52.20 | 52.30 |
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Panama Petrochem Ltd FAQs
The current trading price of Panama Petrochem on 14-Aug-2026 16:59 is ₹483.8.
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 13-Aug-2026 the market cap of Panama Petrochem stood at ₹2,926.4 Cr
The latest P/E ratio of Panama Petrochem as of 13-Aug-2026 is 8.81.
The latest P/B ratio of Panama Petrochem as of 13-Aug-2026 is 2.30.
The 52-week high of Panama Petrochem is ₹600.0 and the 52-week low is ₹229.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panama Petrochem is ₹2,786 ( 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
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