1. India Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Panama Petrochem Limited

Panama Petrochem Limited

461.10
INR
-4.05
(-0.87%)
79.14EPS
5.31P/E
25.44BMarket Cap
Nov 04Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
100.68
133.12
124.26
137.78
219.24
209.83
165.76
239.19
352.49
371.73
389.59
461.68
506.54
678.71
Basic EPS, GAAP
2.92
2.93
4.16
7.24
10.08
8.58
4.76
22.37
38.08
38.51
32.26
30.92
35.13
79.14
Free Cash Flow per Basic Share
4.74
-1.94
3.03
6.59
2.54
-16.79
26.23
5.14
23.12
28.8
-12.77
22.3
-20.45
- -
Dividend per Share
0.62
0.93
1.61
0.34
0.66
1.2
1.19
1.2
3.98
8.97
7.97
5.97
3.01
- -
Book Value per Share
39.5
41.18
45.07
51.71
61.42
68.4
71.58
92.73
126.99
157.39
182.29
207.46
242.78
- -
Tangible Book Value per Share
39.5
41.18
45.07
51.71
61.42
68.4
71.58
92.73
126.99
157.38
182.29
207.46
242.78
- -
Basic Weighted Avg Shares
63
60
60
60
60
60
60
60
60
60
60
60
60
60
Sales/Revenue/Turnover
6,350
8,053
7,517
8,335
13,263
12,693
10,028
14,470
21,324
22,487
23,567
27,929
30,643
41,062
Operating Margin (%)
5.41
3.86
6.82
8.97
7.86
8.4
5.2
12.83
13.64
13.88
10.42
8.6
8.66
14.48
Depreciation Expense
25
34
46
49
53
59
73
76
84
94
98
124
138
- -
Net Income, GAAP
184
177
252
438
610
519
288
1,354
2,303
2,330
1,952
1,870
2,125
4,788
Effective Tax Rate (%)
21.52
17.85
31.38
33.29
32.37
27.48
10.47
24.6
19.53
20.91
18.95
18.11
19.06
19.2
Profit Margin (%)
2.9
2.2
3.35
5.26
4.6
4.09
2.87
9.35
10.8
10.36
8.28
6.7
6.93
11.66
Working Capital
1,246
1,263
1,440
1,727
2,196
2,465
2,507
3,630
5,358
6,959
8,235
9,433
10,886
- -
LT Debt
- -
- -
- -
- -
- -
- -
5
2
- -
3
4
297
325
- -
Total Equity
2,390
2,491
2,727
3,128
3,715
4,138
4,330
5,610
7,682
9,521
11,027
12,550
14,687
- -
Return on Invested Capital (%)
10.01
9.11
10.93
14.03
17.89
15.19
8.1
24.68
32.29
28.06
19.19
16.21
14.81
- -
Return on Capital (%)
8.18
7.61
9.31
13.91
17.76
13.52
8.04
25.15
32.65
27.33
19.85
16.43
15.33
- -
Return on Common Equity (%)
7.81
7.26
9.64
14.96
17.82
13.21
6.8
27.23
34.66
27.08
18.99
15.87
15.6
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
784
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
325
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
17,223
14,041
25,441

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
14,926
- -
Cash, Cash Equivalents & STI
- -
827
- -
Accounts Receivable, Net
- -
5,739
- -
Inventories
- -
6,686
- -
Total Current Liabilities
- -
4,040
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
784
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.66%
21.51%
17.03%
Free Cash Flow
-127.7%
-47.21%
-191.69%
Net Income, GAAP
48.88%
12.91%
13.62%
Sales/Revenue/Turnover
17.49%
17.17%
9.72%
Total Cash Common Dividend
37.07%
54.24%
-49.53%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6,708
6,989
7,280
6,952
27,929
2026
6,932
7,732
7,751
8,228
30,643
2027
17,352
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8.29
7.29
8.02
7.32
30.92
2026
7.04
8.76
7.57
11.75
35.13
2027
51.06
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5.97
2026
- -
- -
- -
- -
3.01
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Samir Akbarali Rayani
Full Time Employees
287
Sector
Process industries
Industry
Industrial specialties
Address
401, Aza House Mumbai MA India 400050
IPO Date
Jan 30, 1995
Website
panamapetro.com
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Business
Panama Petrochem Limited Panama Petrochem Limited manufactures and exports specialty petroleum products for industries including printing, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and other industrial applications; its core offerings encompass white oils and liquid paraffin oils, petroleum jellies such as Pangel SWJ, Pangel WJ, and Pangel YJ, transformer oils, ink and coating oils under the PANOL brand for heatset, coldset, offset, and web-based inks, rubber process oils, industrial oils and greases, automotive oils, drilling fluids, fully refined and semi-refined paraffin waxes, slack wax, micro wax, agricultural spray oils, and dewatering fluids. The company, founded in 1982 and headquartered in Ankleshwar, Gujarat, India, with its corporate office in Mumbai and manufacturing facilities at Ankleshwar, Dahej, Daman, and Taloja, operates four state-of-the-art plants in India featuring advanced DCS/PLC systems and a DSIR-approved R&D center at Ankleshwar; it maintains a wholly owned subsidiary, Panol Industries RMC FZE, in Ras Al Khaimah, UAE, to serve GCC and MENA markets with direct port pipeline logistics, and exports to the United States, United Kingdom, Europe, Middle East, Australia, African sub-continent, South East Asia, Latin America, and Central America. Recent developments include substantial capacity expansions across facilities to meet rising demand and enhance manufacturing efficiency as outlined in its 2024-25 annual report, ongoing investments in sustainable initiatives such as renewable energy, biofuels, and cleaner petroleum alternatives, robust Q2 FY2025-26 financial performance with consolidated revenue up 10.6% to INR 773.22 crore and net profit rising 20.2% to INR 53 crore, a leadership transition with Chairman Amirali Rayani stepping down on July 31, 2025, to be succeeded by Arif Rayani while remaining as Executive Director, and re-appointment of Hussein V. Rayani as Joint Managing Director for five years effective October 31, 2025.