1. India Stocks

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    Healthcare

  3. •

    Medical - Pharmaceuticals
Panjon Ltd.

Panjon Ltd.

PANJON.BO
Panjon Ltd.IN flagBombay Stock Exchange
16.76
INR
-0.76
- -
287.68MMarket Cap
Panjon Ltd.
PANJON.BO
(Bombay Stock Exchange)

Recent

price

16.76

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
7.91
9.02
12.97
16.74
17.05
9.38
5.44
3.93
8.09
17.74
- -
27.7
Revenue per Share
0.23
0.08
0.08
0.09
-0.02
0.06
-2.68
0.52
0.1
0.31
- -
0.42
Basic EPS, GAAP
-0.16
0.09
-0.16
0.12
-0.11
0.17
1.06
-0.09
-0.4
-2.78
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
5.1
5.18
5.26
5.35
5.32
5.38
2.7
3.23
3.84
4.21
- -
9.99
Book Value per Share
10.56
10.64
10.72
10.82
10.79
10.84
8.16
8.69
9.56
9.64
- -
9.91
Tangible Book Value per Share
15
15
15
15
15
15
15
15
16
17
- -
17
Basic Weighted Avg Shares
123
140
201
259
264
145
84
61
126
305
476
476
Sales/Revenue/Turnover
-1.79
-1.03
0.85
0.62
0.2
-0.1
-0.06
-3.55
-1.85
1.28
1.46
1.46
Operating Margin (%)
1
1
1
1
3
2
2
2
2
2
3
3
Depreciation Expense
4
1
1
1
- -
1
-42
8
2
5
7
7
Net Income, GAAP
- -
36.45
49.53
50.59
117.17
50
- -
- -
3.81
- -
- -
- -
Effective Tax Rate (%)
2.95
0.83
0.61
0.54
-0.12
0.66
-49.24
13.3
1.21
1.73
1.52
1.52
Profit Margin (%)
68
70
72
85
103
107
78
95
102
92
108
108
Working Capital
12
10
14
13
13
11
3
3
1
1
3
3
LT Debt
164
165
166
168
167
168
127
135
149
165
170
170
Total Equity
- -
-0.52
0.48
0.43
-0.05
-0.04
- -
- -
-1.47
2.2
3.45
3.45
Return on Invested Capital (%)
- -
2.1
1.81
2.35
-0.58
1.49
- -
- -
2.8
8.08
6.41
6.41
Return on Capital (%)
- -
1.46
1.52
1.7
-0.39
1.16
-66.34
17.64
2.76
7.99
5.94
5.94
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
34
- -
37
LT Borrowings
1
- -
3
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
- -
17
Market Capitalization
309
296
382

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
122
- -
152
Cash, Cash Equivalents & STI
8
- -
7
Accounts Receivable, Net
29
- -
55
Inventories
47
- -
50
Total Current Liabilities
44
- -
44
Payables & Accruals
- -
- -
- -
ST Debt
34
- -
37
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.89%
1.26%
2.95%
Free Cash Flow
28.1%
268.54%
-77.3%
Net Income, GAAP
-489.95%
-865.74%
37.37%
Sales/Revenue/Turnover
27.9%
47.06%
56.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12
13
48
52
126
2025
21
34
112
138
305
2026
64
149
141
121
476

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.03
0.03
- -
0.1
2025
0.02
0.04
0.12
0.19
0.31
2026
0.06
0.13
0.13
0.11
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Panjon Limited (PANJON.BO), founded in 1964 and headquartered in Indore, Madhya Pradesh, India, manufactures and markets fast-moving consumer goods, ayurvedic formulations, and pharmaceutical products primarily in the medicinal, digestive, confectionary, and oral care segments. The company offers an extensive portfolio including Panjon tablets for headache, bodyache, cough, cold, flu fever, and sore throat relief; Panjon Balm; Panjon Inhaler; Panjon cough drops and syrups; Swad digestive drops and chatpati drops; Swad Chyawanprash candy; Percy masala candy; Kery cough drops; Panjon dental care creams; and the Panjon Swad Pachak range comprising Shahi Anardana, Special Jeera Goli, Hing Peda, Albela Aam, Khatta Meetha Khajoor, Chatpata Amla, and Chulbuli Imli; as well as hair oil, energy drinks, mouth fresheners, awla, and khajoor candies under brands such as Panjon, Hinkargiri, Kery, Percy, Swad, and Purti. Panjon operates through manufacturing and trading segments, targets consumers nationwide with a focus on ayurvedic and herbal remedies for everyday ailments and digestive health, and maintains an e-commerce presence via SwadBazaar.com. Recent marketing initiatives include television commercials for Swad and Swad Chatpati digestive candies featuring the jingle "Chahe Jitna Bhi Khao, Swad Se Pachao," alongside print campaigns in major Hindi dailies like Dainik Bhaskar and Divya Bhaskar promoting Panjon tablets under the "Goli Maro" and "Ek Goli Paanch Nishane" concepts, with strengthened formulations incorporating paracetamol, caffeine, and phenylphrine to expand reach and drive ten-fold sales growth over two years.