Panama Petrochem

₹325.6 -0.3 | 0.1%

WEBSITE BSE:524820 NSE : PANAMA PETRO 10 May, 16:01

Market Cap ₹1969 Cr.

Stock P/E 10.6

P/B 1.9

Current Price ₹325.6

Book Value ₹ 175

Face Value 2

52W High ₹387.1

Dividend Yield 2.46%

52W Low ₹ 275

Edit Ratio

Panama Petrochem Research see more...

Overview Inc. Year: 1982Industry: Lubricants

Panama Petrochem Limited is a holding organization. The Company is a producer and exporter of various kinds of petroleum speciality products. Its geographical segments consist of within India and outside India. The Company's products comprises Mineral Oils, Liquid Paraffins, Transformer Oils, Petroleum Jellies, Ink Oils and different Petroleum Speciality Products. It offers drilling fluids in various categories, together with Pan Emul S, Pan Emul P, Pan Sulphalt and Pan Drill. The Company also offers products, which includes waxes, along with slack wax, micro wax and others. The Company provides its merchandise to various industries, which include printing inks and resins, cosmetics, cables, rubber, pharma, engineering, chemical compounds, power and other business purposes. The Company's products are exported to about forty international locations throughout the globe. Its production facilities are placed in Ankleshwar (Gujarat), Daman (Union Territory), Taloja (Raigadh, Maharashtra) and Dahej (Bharuch, Gujarat).

Panama Petrochem Share Price

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Peer Comparison

Panama Petrochem Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	563	509	508	552	614	573	510	530	574	512
Other Income	3	4	3	1	1	1	3	5	4	3
Total Income	566	513	511	553	615	574	513	535	578	514
Total Expenditure	483	444	439	465	525	505	444	471	513	456
Operating Profit	83	69	72	88	90	69	69	64	65	58
Interest	2	2	1	2	3	3	4	4	4	4
Depreciation	2	2	2	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	79	65	69	83	85	64	63	57	58	52
Provision for Tax	17	11	12	19	18	14	12	11	11	10
Profit After Tax	62	54	56	65	67	50	51	46	47	41
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	62	54	56	65	67	50	51	46	47	41
Adjusted Earnings Per Share	10.2	8.9	9.3	10.7	11.1	8.3	8.4	7.6	7.8	6.8

Panama Petrochem Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	635	635	805	752	834	1326	1269	1003	1447	2132	2249	2126
Other Income	3	1	1	2	4	2	3	4	6	6	7	15
Total Income	638	636	806	754	838	1328	1272	1006	1453	2138	2256	2140
Total Expenditure	614	604	773	704	759	1219	1169	950	1257	1836	1940	1884
Operating Profit	24	32	33	50	79	109	103	57	196	302	316	256
Interest	8	6	8	8	9	14	25	17	9	7	12	16
Depreciation	2	2	3	5	5	5	6	7	8	8	9	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	13	23	22	37	66	90	72	32	180	286	295	230
Provision for Tax	1	5	4	12	22	29	20	3	44	56	62	44
Profit After Tax	12	18	18	25	44	61	52	29	135	230	233	185
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	12	18	18	25	44	61	52	29	135	230	233	185
Adjusted Earnings Per Share	1.8	3	2.9	4.2	7.2	10.1	8.6	4.8	22.4	38.1	38.5	30.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	31%	11%	13%
Operating Profit CAGR	5%	77%	24%	29%
PAT CAGR	1%	100%	31%	35%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	8%	18%	21%	33%
ROE Average	27%	30%	22%	16%
ROCE Average	35%	37%	28%	21%

Panama Petrochem Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	232	239	249	272	313	372	414	433	561	768	952
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2	3	3	4	7	8	10	9	10	9	11
Total Current Liabilities	188	234	256	232	381	658	563	388	515	608	459
Total Liabilities	422	476	508	509	701	1038	987	829	1087	1386	1422
Fixed Assets	73	77	119	123	125	128	146	162	175	214	232
Other Non-Current Assets	9	40	7	12	22	32	31	29	33	28	35
Total Current Assets	340	359	383	374	554	878	810	638	878	1144	1155
Total Assets	422	476	508	509	701	1038	987	829	1087	1386	1422

Panama Petrochem Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	133	51	22	8	12	13	27	7	30	70	62
Cash Flow from Operating Activities	-84	30	-12	18	59	34	-78	179	56	170	210
Cash Flow from Investing Activities	9	-35	-14	-12	-21	-14	-22	-21	-14	-111	-79
Cash Flow from Financing Activities	1	-23	11	-2	-36	-6	81	-136	-1	-67	-96
Net Cash Inflow / Outflow	-74	-28	-14	4	2	13	-19	21	40	-8	35
Closing Cash & Cash Equivalent	51	22	8	12	13	27	7	30	70	62	97

Panama Petrochem Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.84	3.04	2.93	4.16	7.24	10.08	8.58	4.76	22.37	38.07	38.51
CEPS(Rs)	2.19	3.45	3.49	4.92	8.05	10.95	9.56	5.96	23.63	39.46	40.07
DPS(Rs)	0.8	1.2	2	0.5	1	1.2	1.2	1.2	2	8	8
Book NAV/Share(Rs)	35.95	39.5	41.18	45.03	51.71	61.42	68.4	71.58	92.73	126.98	157.37
Core EBITDA Margin(%)	2.92	4.44	3.67	5.9	8.34	8	7.87	5.31	13.11	13.88	13.73
EBIT Margin(%)	3.09	4.26	3.41	5.56	8.25	7.72	7.62	4.95	13.02	13.76	13.61
Pre Tax Margin(%)	1.87	3.4	2.49	4.53	7.3	6.7	5.64	3.21	12.41	13.42	13.1
PAT Margin (%)	1.71	2.67	2.04	3.11	4.87	4.53	4.09	2.87	9.35	10.8	10.36
Cash Profit Margin (%)	2.03	3.03	2.44	3.68	5.41	4.92	4.55	3.59	9.88	11.2	10.78
ROA(%)	2.6	4.1	3.6	4.95	7.25	7.02	5.13	3.17	14.13	18.63	16.59
ROE(%)	5.21	7.81	7.26	9.65	14.97	17.82	13.21	6.8	27.23	34.66	27.08
ROCE(%)	8.76	11.51	10.82	14.49	21.99	27.27	19.53	9.39	33.99	41.19	34.98
Receivable days	58.65	75.62	71.63	73.89	68.22	62.77	85.42	102.82	72.43	54.83	54.08
Inventory Days	72.65	68.55	62.75	74.93	94.76	101.33	119.14	116.03	78.07	73.23	66.11
Payable days	131.18	115.28	97.28	98.55	121.94	136.59	148.21	124.94	97.93	84.56	72.59
PER(x)	9.71	6.23	13.37	10.2	13.47	18.85	15.15	6.32	6.5	6.96	7.57
Price/Book(x)	0.5	0.48	0.95	0.94	1.89	3.09	1.9	0.42	1.57	2.09	1.85
Dividend Yield(%)	2.99	4.23	3.41	0.79	0.68	0.63	0.92	3.99	1.38	3.02	2.74
EV/Net Sales(x)	0.13	0.17	0.33	0.4	0.72	0.87	0.73	0.19	0.6	0.7	0.69
EV/Core EBITDA(x)	3.5	3.35	8.08	6.03	7.58	10.62	9.06	3.35	4.44	4.95	4.89
Net Sales Growth(%)	8.65	0.04	26.82	-6.65	10.88	59.12	-4.29	-21	44.3	47.37	5.46
EBIT Growth(%)	-54.68	37.06	0.8	52.12	65.05	39.97	-6.93	-48.73	280.05	55.64	4.36
PAT Growth(%)	-61.21	54.84	-3.72	42.01	74.13	39.21	-14.91	-44.53	370.34	70.18	1.14
EPS Growth(%)	-61.16	65.24	-3.72	42.01	74.13	39.21	-14.91	-44.53	370.35	70.16	1.14
Debt/Equity(x)	0.09	0.07	0.17	0.21	0.1	0.12	0.39	0.11	0.12	0.04	0
Current Ratio(x)	1.81	1.53	1.49	1.61	1.45	1.33	1.44	1.65	1.7	1.88	2.52
Quick Ratio(x)	1.13	0.97	0.84	0.9	0.66	0.66	0.76	0.99	1	1.07	1.81
Interest Cover(x)	2.53	4.98	3.69	5.4	8.65	7.55	3.84	2.84	21.07	41.55	26.46
Total Debt/Mcap(x)	0.19	0.15	0.18	0.22	0.06	0.04	0.2	0.27	0.07	0.02	0

Panama Petrochem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	57.37	57.37	57.37	58.08	58.08	58.54	58.54	59.52	60.98	61.94
FII	3.14	3.07	2.98	2.26	2.68	2.68	2.89	5.01	7.54	9.44
DII	0.02	0.24	0.13	0	0	0	0	0.03	0.01	0.01
Public	20.15	20	20.2	22.2	21.78	22.57	22.35	21.38	22.08	22.69
Others	19.32	19.32	19.32	17.46	17.46	16.22	16.22	14.05	9.4	5.91
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.47	3.47	3.47	3.51	3.51	3.54	3.54	3.6	3.69	3.75
FII	0.19	0.19	0.18	0.14	0.16	0.16	0.17	0.3	0.46	0.57
DII	0	0.01	0.01	0	0	0	0	0	0	0
Public	1.22	1.21	1.22	1.34	1.32	1.37	1.35	1.29	1.34	1.37
Others	1.17	1.17	1.17	1.06	1.06	0.98	0.98	0.85	0.57	0.36
Total	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05

Pros

Company has delivered good profit growth of 30% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 30%
Debtor days have improved from 84.56 to 72.59days.
Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Panama Petrochem News

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Panama Petrochem

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Panama Petrochem Research see more...

Overview Inc. Year: 1982Industry: Lubricants

Panama Petrochem Share Price

Alert Data

Quarterly Price

Peer Comparison

Panama Petrochem Quarterly Results

Panama Petrochem Profit & Loss

Growth Rates

Panama Petrochem Balance Sheet

Panama Petrochem Cash Flow

Panama Petrochem Ratios

Panama Petrochem Shareholding Pattern

Panama Petrochem News

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