1. India Stocks

  2. •

    Energy

  3. •

    Oil & Gas Refining & Marketing
Panama Petrochem Limited

Panama Petrochem Limited

PANAMAPET.BO
Panama Petrochem LimitedIN flagBombay Stock Exchange
433.40
INR
-8.40
- -
25.96BMarket Cap
Panama Petrochem Limited
PANAMAPET.BO
(Bombay Stock Exchange)

Recent

price

433.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
105.95
98.85
98.19
100.68
133.12
124.26
137.78
219.24
209.83
165.76
239.19
352.49
371.73
389.59
461.72
506.58
506.41
Revenue per Share
8.4
5.18
1.84
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
35.12
Basic EPS, GAAP
5.11
13.47
-12.99
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
- -
Free Cash Flow per Basic Share
0.66
1.35
0.31
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
- -
Dividend per Share
1.33
19.53
18.88
20.97
22.95
26.75
33.6
43.55
50.67
53.97
75.15
109.22
137.87
161.13
184.94
2
2
Book Value per Share
31.64
37.95
35.9
37.89
41.18
45.07
51.71
61.42
68.4
71.58
92.73
126.99
157.38
182.29
207.48
242.8
242.72
Tangible Book Value per Share
44
59
65
63
60
60
60
60
60
60
60
60
60
60
60
60
61
Basic Weighted Avg Shares
4,641
5,842
6,347
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
30,643
Sales/Revenue/Turnover
-82.84
7.49
4.02
5.41
3.86
6.82
8.97
7.86
8.4
5.2
12.83
13.64
13.88
10.42
8.39
8.54
8.54
Operating Margin (%)
23
11
22
25
34
46
49
53
59
73
76
84
94
98
124
138
- -
Depreciation Expense
368
306
119
184
177
252
438
610
519
288
1,354
2,303
2,330
1,952
1,870
2,125
2,125
Net Income, GAAP
26.8
22.11
8.18
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
19.06
Effective Tax Rate (%)
7.93
5.24
1.87
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
6.93
Profit Margin (%)
815
1,526
1,521
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
10,886
Working Capital
79
- -
- -
- -
- -
- -
- -
- -
- -
5
2
- -
3
4
297
325
325
LT Debt
1,386
2,243
2,321
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
14,687
Total Equity
-212.61
17.75
9.54
10.54
9.26
11.22
14.62
18.03
15.24
8.72
24.99
32.48
28.01
19.06
15.83
14.75
14.75
Return on Invested Capital (%)
220.94
48.25
11.64
14.23
12.62
14.46
20.64
24.86
17.27
10.07
31.12
38.42
31.37
22.51
18.76
34.87
34.87
Return on Capital (%)
629.04
50.53
10.01
14.47
13.07
16.73
24
26.13
18.21
9.09
34.66
41.31
31.17
21.58
17.87
37.59
37.59
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
8
- -
784
LT Borrowings
- -
- -
- -
LT Finance Leases
304
- -
325
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
- -
60
Market Capitalization
17,096
17,293
14,017

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
12,296
- -
14,926
Cash, Cash Equivalents & STI
1,716
- -
1,050
Accounts Receivable, Net
3,442
- -
5,738
Inventories
5,855
- -
6,686
Total Current Liabilities
2,487
- -
4,040
Payables & Accruals
- -
- -
- -
ST Debt
8
- -
784
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,295
5,744
5,118
7,410
23,567
2025
6,708
6,989
7,280
6,952
27,929
2026
6,932
7,732
7,750
8,228
30,643

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.59
7.75
6.84
- -
32.26
2025
8.29
7.29
8.02
7.32
30.92
2026
7.04
8.76
7.57
11.75
35.13

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
7.97
2025
- -
- -
- -
- -
5.97
2026
- -
- -
- -
- -
3.01
Similar Companies
ENEOS Holdings, Inc. (JXHGF)
Sinopec Shanghai Petrochemical Company Limited (600688.SS)
Reliance Industries Limited (RELIANCE.BO)
Neste Oyj (NESTE.HE)
Ultrapar Participações S.A. (UGP)
IRPC Public Company Limited (IRPSY)
Business
Panama Petrochem Limited manufactures and exports more than 80 variants of petroleum specialty products, including white oils/liquid paraffin oils, petroleum jellies, transformer oils, ink and coating oils, rubber process oils, industrial oils and greases, automotive oils, drilling fluids, and waxes, serving industries such as printing inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and other industrial applications. The company operates four manufacturing plants in India located at Ankleshwar and Dahej in Gujarat, Daman in the Union Territory, and Taloja in Maharashtra, complemented by Panol Industries RMC, FZE, a wholly owned subsidiary in Ras Al Khaimah, UAE, catering to the GCC and MENA regions with port-based logistics and dedicated pipelines. Founded in 1982 and headquartered in Mumbai, India, it is listed on the Bombay Stock Exchange and National Stock Exchange under the ticker PANAMAPET.BO, with exports to the USA, UK, Europe, Middle East, Australia, African sub-continent, and Southeast Asia. Recent developments include a capacity addition of 30,000 TPA in the first half of fiscal 2024, plans for annual expansions of 30,000 TPA funded by internal accruals, geographical extension targeting southern India for textile oils, advanced discussions for new specialty oils in oil drilling, and robust Q2 FY2026 financials with consolidated revenue up 10.6% to INR 773.22 crore and net profit rising 20.2% to INR 53 crore.