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Panasonic Carbon India Company Ltd (PANCARBON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 508941 NSE: PANCARBON Electrodes & Welding Equipment | Small Cap | Panasonic Carbon Ind Share Price

₹467.30 -0.95 (-0.20%)

As on 03-Jul'26 16:59

Panasonic Carbon India Company Ltd (PANCARBON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 508941 NSE: PANCARBON Electrodes & Welding Equipment | Small Cap | Panasonic Carbon Ind Share Price

₹467.30 -0.95 (-0.20%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹224 Cr.
Current Price
₹467.3
52-Week Low / High
₹421 / 540
TTM EPS
₹44.3
TTM Sales
₹54.7 Cr.
Book Value per Share
₹391
P/E Ratio
10.56
Lower than its 5-year historical median
Industry PE
43.2
Price to Book (P/B)
1.20
Lower than its 5-year historical median
Price to Sales (P/S)
4.10
In line with its 5-year historical median
EV/EBITDA
7.21
Lower than its 5-year historical median
Dividend Yield
2.57%
Profitability Efficiency
Return on Equity (ROE)
11.81%
In line with industry median
Return on Capital Employed (ROCE)
16.80%
Outperforms industry median
Return on Assets (ROA)
11.45%
Operating Profit Margin
33.2%
Net Profit Margin
38.8%
Gross Profit Margin
56.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.37%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.64%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.97%
Asset Quality
Promoter Holding
63.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹183 Cr.
Equity
₹4.8 Cr.
Face Value
₹10
All Time Low / High
₹28.80 / 1105.00

Panasonic Carbon India Company stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Panasonic Carbon India Company Ltd a good quality company?
Panasonic Carbon India Company 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 Panasonic Carbon India Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Panasonic Carbon India Company Ltd vs industry peers?
Panasonic Carbon India Company Ltd revenue CAGR is 3.71%, compared to the industry median CAGR of 7.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Panasonic Carbon India Company Ltd?
Promoters hold 63.27% of the Panasonic Carbon India Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Panasonic Carbon India Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.6% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Panasonic Carbon India Company 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 30%18.9%17.6%20.9%21.1%15.5%12.5%16.7%17%16.8%-
Value Creation
Index
1.10.40.30.50.50.1-0.10.20.20.2-

Growth Parameters

Sales 48.943.845.34548.95050.151.35454.755
Sales YoY Gr.--10.3%3.3%-0.6%8.7%2.2%0.3%2.4%5.2%1.4%-
Adj EPS 31.725.525.435.139.531.726.538.643.343.944.3
YoY Gr.--19.3%-0.6%38%12.7%-19.7%-16.6%45.9%12%1.4%-
BVPS (₹) 186.8200.2213.7236.4265.6285.4300.1326.7358.1391391
Adj Net
Profit
15.212.312.216.81915.212.718.520.821.121
Cash Flow from Ops. 10.59.17.99.712.17.99.52.38.211-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.3%2.3%3%1.4%
Adj EPS 3.7%2.1%18.3%1.4%
BVPS8.6%8%9.2%9.2%
Share Price -0.5% -2.8% 8.2% -10.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
18.613.212.315.615.711.59.112.312.611.711.3
Op. Profit
Mgn %
36.1282534.238.129.621.629.931.333.234.1
Net Profit
Mgn %
31.12826.937.438.830.525.436.138.538.538.8
Debt to
Equity
00000000000
Working Cap
Days
14577881571975891,0091,0631,1071,196515
Cash Conv.
Cycle
05811152426152031492

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales49444545495050515455
Operating Expenses + 31323430303539363737
Manufacturing Costs99988899109
Material Costs13131512121619151514
Employee Cost 788889991011
Other Costs 2222222233
Operating Profit 18121115191511151718
Operating Profit Margin (%) 36.0%27.9%25.0%34.2%37.9%29.6%21.6%29.9%31.3%33.2%
Other Income + 6788877101213
Exceptional Items 1000000000
Interest 0000000000
Depreciation 0111111111
Profit Before Tax 25181823252017252830
Tax 8556755679
Profit After Tax 16121217191513192121
PAT Margin (%) 32.9%28.1%27.2%37.7%38.6%30.7%25.6%36.2%38.6%38.8%
Adjusted EPS (₹)33.525.625.635.339.432.026.738.743.444.3
Dividend Payout Ratio (%)3%39%39%28.30%30.50%37.50%44.90%31%27.70%27.10%

Valuation of Panasonic Carbon Ind - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 9096103113127137144157172188
Share Capital 5555555555
Reserves 859198109123132139152167183
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables4432332332
Others Liabilities 3333333334
Total Liabilities 97103109119134143149162178194

Fixed Assets

Net Fixed Assets +10987665554
Gross Block10111111111111121213
Accumulated Depreciation0234567789
CWIP 0000001000
Investments 0000000000
Inventories2322233234
Trade Receivables4333553455
Cash Equivalents 7784888510121121
Others Assets 3472119127137151163180
Total Assets 97103109119134143149162178194

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 10981012892811
PBT 25181823252017252830
Adjustment -5-4-5-6-6-5-6-9-11-11
Changes in Working Capital -111-1-1-23-7-20
Tax Paid -8-5-5-6-7-5-5-6-7-8
Cash Flow From Investing Activity + -3-4-2-4-7-2-53-1-6
Capex -8-1-0-0-0-0-1-0-0-0
Net Investments -2-9-8-11-13-7-11-3-12-18
Others 656766761113
Cash Flow From Financing Activity + -6-6-6-6-5-6-6-6-6-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -6-6-5-5-5-6-6-6-6-6
Others 00-1-1000000
Net Cash Flow 1-10-111-1-01-1

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)19.6713.2512.3815.6915.6911.619.1312.3612.6711.81
ROCE (%)29.9918.8717.6320.9421.0815.4712.4516.6517.0316.8
Asset Turnover Ratio0.50.450.430.390.390.360.340.330.320.3
PAT to CFO Conversion(x)0.630.750.670.590.630.530.690.110.380.52
Working Capital Days
Receivable Days24.7025.9023.7026.5030.2036.5029.2023.5029.2031.30
Inventory Days16.802222.4019.401818.7019.7017.8019.6024.10
Payable Days98103.3086.2089.3086.1067.4045.6059.4070.3061.30

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

Panasonic Carbon India Company Ltd FAQs

The current trading price of Panasonic Carbon Ind on 03-Jul-2026 16:59 is ₹467.3.

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 02-Jul-2026 the market cap of Panasonic Carbon Ind stood at ₹224.3 Cr

The latest P/E ratio of Panasonic Carbon Ind as of 02-Jul-2026 is 10.56.

The latest P/B ratio of Panasonic Carbon Ind as of 02-Jul-2026 is 1.20.

The 52-week high of Panasonic Carbon Ind is ₹540.0 and the 52-week low is ₹421.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panasonic Carbon Ind is ₹54.74 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Panasonic Carbon India Company Ltd is a good quality company.

The key valuation ratios of Panasonic Carbon India Company 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 Weak which suggest that the price of Panasonic Carbon India Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Panasonic Carbon India Company Ltd

Panasonic Carbon India Company Ltd. (PCIN) formerly Indo Matsushita Carbon India Co. Ltd was incorporated on September 6, 1982.

The foundation stone of Panasonic Carbon India Co was laid on February 7, 1982 by  T. Yamashita, President, Matsushita Electric Industrial Co.Ltd, Japan at Tada Mandal, Nellore District, Andhra Pradesh.

PCIN entered into a foreign collaboration agreement with Matsushita Group, Japan on 6th January 1982 for obtaining technical know-how and assistance for manufacture and sale of Midget Electrodes (Carbon Rods).

The company achieved success by setting up a quality management system. A system which ensures commitment of all employees towards compliance of stringent quality standards and also to meet the requirement of customers and achieve higher levels of customer satisfaction.  A committed effort is to give more than what the customer needs from the companys products and services. 

As part of this process the company established the Internationally accepted quality management system and got certified for ISO 9001:2000 Standards in October, 1995. Consequently series of, surveillance, inspection and recertification audits have become a part of an annual calendar of activities. This system has been successful in demonstrating company’s commitment to quality.

Product range of the company includes:

The company manufactures about 40 sizes and 6 Grades of Carbon Rods. These can be classified into five major categories such as UM-1(R-20/D size), UM-2(R-14/C size), UM-3(R-6/AA size), UM-4(R-3/AAA size) and special size carbon rods as per the customer’s requirements.

Achievements/ recognition:

  • ISO 9001:2000 Standards in October, 1995.
  • The company established Environmental Management System and got certified for ISO 14001
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