Panama Petrochem Ltd. · CashKonnect

About

Panama Petrochem Limited, together with its subsidiary, Panol Industries RMC FZE, manufactures, sells, and trades in specialty petroleum products for the printing, textiles, rubber, pharmaceutical, cosmetics, power, and other industrial oil industries in India and internationally. The company offers white/liquid paraffin oil products comprising cosmetic-grade, food-grade, and pharmaceutical-grade white oil products; petroleum jelly products consisting of pharmaceutical creams, red veterinary petroleum, and cosmetics and lotions; transformer oils; ink and coating oils, including petroleum and aroma-free distillates, naphthenic and high viscosity oils, black ink oils, bituminous black varnishes, petrolatum, and low aromatic white spirits under the PANOL brand; and rubber process oils. It also provides textile oils, including Panol-KNT and antistatic coning oils; industrial oils, including compressor oils, long-life turbine and refrigeration oils, metal working fluids, marine oils, glass mold and quenching oils, thermic fluids, hydraulic oils, and wire drawing compounds; industrial and automotive greases, such as lithium and lithium complex, calcium and sodium-based, and aluminum greases; automotive engine, gear, and transmission oils, as well as other automotive lubricants; drilling fluids; and fully and semi-refined paraffin, and slack and micro waxes. The company exports its products to approximately 55 countries, including the United States, the United Kingdom, Europe, the Middle East, Australia, the African sub-continent, and Southeast Asia. Panama Petrochem Limited was founded in 1975 and is based in Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap2,997 Cr

P/E6.26

Div Yield0.61 %

Book Value₹243.00

52w High₹600.00

52w Low₹229.00

Face Value₹2.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	1,735.00	823.00	775.00	773.00	693.00	695.00	728.00	699.00	671.00	741.00	512.00	574.00	530.00
Expenses	1,347.00	731.00	714.00	705.00	638.00	636.00	665.00	641.00	605.00	664.00	456.00	513.00	471.00
Operating Profit	388.00	91.00	61.00	69.00	55.00	59.00	63.00	58.00	66.00	77.00	56.00	61.00	58.00
OPM %	22.00	11.00	8.00	9.00	8.00	9.00	9.00	8.00	10.00	10.00	11.00	11.00	11.00
Other Income	4.00	3.00	3.00	3.00	4.00	4.00	4.00	3.00	2.00	5.00	2.00	4.00	5.00
Depreciation	4.00	4.00	3.00	3.00	3.00	3.00	4.00	3.00	3.00	3.00	2.00	2.00	2.00
Interest	6.00	3.00	2.00	3.00	3.00	5.00	4.00	6.00	4.00	5.00	4.00	4.00	4.00
Profit before tax	383.00	88.00	58.00	65.00	53.00	55.00	59.00	53.00	61.00	74.00	52.00	58.00	57.00
Tax %	19.00	19.00	21.00	18.00	19.00	20.00	18.00	16.00	18.00	17.00	20.00	20.00	19.00
Net Profit	309.00	71.00	46.00	53.00	43.00	44.00	48.00	44.00	50.00	61.00	41.00	47.00	46.00
EPS in Rs	51.06	11.75	7.57	8.76	7.05	7.32	8.02	7.29	8.29	10.08	6.84	7.76	7.59

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	3,064.00	2,793.00	2,357.00	2,249.00	2,132.00	1,447.00	1,003.00	1,269.00	1,326.00	834.00	752.00	805.00
Expenses	2,789.00	2,546.00	2,103.00	1,940.00	1,836.00	1,257.00	950.00	1,169.00	1,219.00	759.00	704.00	773.00
Operating Profit	276.00	247.00	254.00	309.00	296.00	190.00	53.00	100.00	108.00	75.00	48.00	32.00
OPM %	9.00	9.00	11.00	14.00	14.00	13.00	5.00	8.00	8.00	9.00	6.00	4.00
Other Income	13.00	12.00	14.00	7.00	6.00	6.00	4.00	3.00	2.00	4.00	2.00	1.00
Interest	12.00	18.00	18.00	12.00	7.00	9.00	17.00	25.00	14.00	9.00	8.00	8.00
Depreciation	14.00	12.00	10.00	9.00	8.00	8.00	7.00	6.00	5.00	5.00	5.00	3.00
Profit before tax	263.00	228.00	241.00	295.00	286.00	180.00	32.00	72.00	90.00	66.00	37.00	22.00
Tax %	19.00	18.00	19.00	21.00	20.00	25.00	10.00	27.00	32.00	33.00	31.00	18.00
Net Profit	212.00	187.00	195.00	233.00	230.00	135.00	29.00	52.00	61.00	44.00	25.00	18.00
EPS in Rs	35.13	30.92	32.26	38.51	38.08	22.37	4.76	8.58	10.08	7.24	4.16	2.93
Dividend Payout %	9.00	10.00	22.00	21.00	21.00	9.00	25.00	14.00	12.00	9.00	8.00	46.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	8.00	8.00	8.00
Reserves	1,457.00	1,243.00	1,091.00	940.00	756.00	549.00	421.00	402.00	359.00	305.00	264.00	241.00
Borrowings	111.00	33.00	26.00	0.00	30.00	66.00	51.00	160.00	45.00	33.00	57.00	42.00
Other Liabilities	339.00	236.00	281.00	282.00	455.00	366.00	273.00	346.00	559.00	323.00	162.00	207.00
Total Liabilities	1,919.00	1,524.00	1,409.00	1,235.00	1,253.00	993.00	757.00	919.00	976.00	669.00	492.00	498.00
Fixed Assets	321.00	312.00	287.00	248.00	230.00	185.00	173.00	156.00	134.00	125.00	123.00	119.00
CWIP	48.00	19.00	1.00	13.00	5.00	22.00	17.00	11.00	14.00	4.00	0.00	0.00
Investments	49.00	19.00	2.00	4.00	5.00	0.00	0.00	0.00	0.00	1.00	2.00	0.00
Other Assets	1,501.00	1,174.00	1,120.00	970.00	1,013.00	785.00	567.00	752.00	828.00	538.00	366.00	379.00
Total Assets	1,919.00	1,524.00	1,409.00	1,235.00	1,253.00	993.00	757.00	919.00	976.00	669.00	492.00	498.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-69.00	162.00	-28.00	210.00	170.00	56.00	179.00	-78.00	34.00	59.00	18.00	-12.00
Cash from Investing Activity	-71.00	-12.00	66.00	-79.00	-111.00	-15.00	-20.00	-22.00	-14.00	-21.00	-12.00	-13.00
Cash from Financing Activity	45.00	-78.00	-40.00	-96.00	-67.00	-1.00	-136.00	81.00	-6.00	-36.00	-2.00	11.00
Net Cash Flow	-96.00	72.00	-2.00	35.00	-9.00	40.00	23.00	-19.00	14.00	2.00	4.00	-14.00
Free Cash Flow	-124.00	135.00	-63.00	175.00	140.00	31.00	159.00	-101.00	15.00	41.00	7.00	-25.00
CFO/OP %	-9.00	82.00	7.00	88.00	78.00	50.00	348.00	-58.00	59.00	104.00	56.00	-25.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	68.00	66.00	63.00	57.00	54.00	82.00	91.00	90.00	77.00	80.00	75.00	79.00
Inventory Days	97.00	65.00	93.00	68.00	108.00	122.00	111.00	134.00	145.00	161.00	93.00	86.00
Days Payable	43.00	33.00	46.00	55.00	94.00	110.00	112.00	110.00	173.00	164.00	85.00	97.00
Cash Conversion Cycle	123.00	97.00	109.00	70.00	68.00	94.00	90.00	114.00	49.00	77.00	82.00	68.00
Working Capital Days	120.00	100.00	107.00	77.00	68.00	73.00	76.00	66.00	51.00	66.00	61.00	52.00
ROCE %	19.00	20.00	24.00	35.00	41.00	34.00	9.00	20.00	27.00	22.00	15.00	11.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	63.16	63.16	63.16	62.51	62.22	61.94	61.94	61.94	61.94	65.83	67.30	69.25
FIIs	11.72	11.28	11.29	12.02	12.07	12.44	15.77	14.71	14.88	10.03	8.31	5.83
DIIs	0.67	0.67	0.67	0.47	0.35	0.29	0.05	0.06	0.26	0.01	0.01	0.04
Public	24.44	24.88	24.86	24.99	25.36	25.32	22.24	23.28	22.92	24.10	24.36	24.89
No. of Shareholders	26,973	25,780	26,068	25,951	24,952	25,412	26,145	27,275	25,125	26,633	27,218	26,456

Corporate Actions

27 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Dividend	17 Aug 2026	17 Aug 2026	—	3.00
Dividend	02 Sep 2025	02 Sep 2025	—	3.00
Dividend	22 Nov 2024	22 Nov 2024	—	2.00
Dividend	22 Aug 2024	22 Aug 2024	—	4.00
Dividend	17 Nov 2023	17 Nov 2023	—	3.00
Dividend	22 Aug 2023	—	—	5.00
Dividend	23 Nov 2022	24 Nov 2022	—	3.00
Dividend	26 Aug 2022	—	—	6.00
Dividend	25 Nov 2021	26 Nov 2021	—	2.00
Dividend	27 Aug 2021	—	—	2.00
Dividend	31 Aug 2020	—	—	1.20
Dividend	06 Sep 2019	—	—	1.20
Dividend	14 Aug 2018	—	—	1.20
Bonus	03 Oct 2017	04 Oct 2017	1:2	—
Dividend	24 Aug 2017	—	—	1.00
Dividend	20 Sep 2016	—	—	0.50
Dividend	08 Sep 2015	—	—	2.00
Split	19 Sep 2014	22 Sep 2014	10:2	—
Dividend	12 Aug 2014	—	—	6.00
Dividend	19 Sep 2013	—	—	4.00
Dividend	31 Jul 2012	—	—	2.00
Dividend	24 Nov 2011	25 Nov 2011	—	3.00
Dividend	20 Sep 2011	—	—	5.00
Dividend	16 Sep 2010	—	—	5.00
Dividend	23 Sep 2009	—	—	4.00
Dividend	23 Sep 2008	—	—	4.00
Dividend	21 Sep 2007	—	—	3.00