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Panama Petrochem Limited

Panama Petrochem Limited

PANAMAPET.NS
Panama Petrochem LimitedIN flagNational Stock Exchange of India
411.95
INR
-21.25
- -
24.92BMarket Cap
Panama Petrochem Limited
PANAMAPET.NS
(National Stock Exchange of India)

Recent

price

411.95

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
- -
506.41
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
- -
35.12
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
- -
- -
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
- -
- -
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
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
- -
242.72
Tangible Book Value per Share
44
59
65
63
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
17,066
17,226
14,044

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
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
7.97
2025
- -
- -
- -
- -
5.97
2026
- -
- -
- -
- -
- -
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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.