Is Panama Petrochem a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Panama Petrochem Ltd is a good quality company .

Is Panama Petrochem undervalued or overvalued?

The key valuation ratios of Panama Petrochem Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Panama Petrochem share price return in the past 10 years?

Panama Petrochem Ltd share price has appreciated 27.9% annually (CAGR) over the past ten years.

Is Panama Petrochem a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Panama Petrochem Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Panama Petrochem Ltd - Stock Valuation and Financial Performance

Name: Panama Petrochem
Brand: Panama Petrochem

BSE: 524820 | NSE: PANAMAPET | Lubricants | Small Cap

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Panama Petrochem Share Price

₹409.20 -0.65 -0.16%
as on 06-Sep'24 16:01

10 Year X-Ray of Panama Petrochem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.6%	14.1%	23.5%	27.9%	18.1%	8.1%	39%	40.2%	35.6%	23.4%	-
Value Creation Index ⓘ	-0.3	0.0	0.7	1.0	0.3	-0.4	1.8	1.9	1.5	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	730	665	725	1,170	1,078	813	1,202	1,540	1,708	1,725	1,739
Sales YoY Gr.	-	-8.9%	9.1%	61.3%	-7.9%	-24.6%	47.8%	28.1%	11%	1%	-
Adj EPS ⓘ	2.5	4	6.6	9.1	7.7	3.2	20.4	28.4	31.2	21.4	21.9
YoY Gr.	-	60.8%	63.7%	38.2%	-15.3%	-58.3%	534%	39.7%	9.9%	-31.4%	-
BVPS (₹) ⓘ	39.3	42.2	48.7	56.8	61.7	63.2	82.5	106.8	127.4	141.4	146.7
Adj Net Profit ⓘ	15.1	24.3	39.8	55	46.6	19.4	123	172	189	130	132
Cash Flow from Ops. ⓘ	-5.5	20.3	36	28.7	-47.4	166	30.9	151	144	-32.1	-
Debt/CF from Ops. ⓘ	-4.5	1.4	0.4	1	-2.2	0	0.3	0	0	-0.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10%	9.9%	12.8%	1%
Adj EPS ⓘ	27%	22.7%	1.7%	-31.4%
BVPSⓘ	15.3%	18.1%	19.7%	11%
Share Price	27.9%	44.2%	15.5%	26.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6.4	9.9	14.5	17.2	13	5.1	27.9	30.1	26.7	15.9	15.2
Op. Profit Mgn % ⓘ	3.9	6.9	9.6	8.4	8.4	4.7	14.4	15.1	15.5	11	11
Net Profit Mgn % ⓘ	2.1	3.7	5.5	4.7	4.3	2.4	10.2	11.2	11.1	7.5	7.6
Debt to Equity ⓘ	0.1	0.1	0	0.1	0.3	0	0	0	0	0	-
Working Cap Days ⓘ	146	163	176	189	245	257	173	182	179	184	76
Cash Conv. Cycle ⓘ	37	48	45	37	67	95	55	50	53	84	53

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.79%

Return on Equity has declined versus last 3 years average to 15.20%

Net Profit has been subdued in last 3 years 1.72%

Sales growth is not so good in last 4 quarters at 5.13%

Latest Financials - Panama Petrochem Ltd.

	Standalone	Consolidated
TTM EPS (₹)	21.9	33
TTM Sales (₹ Cr.)	1,739	2,498
BVPS (₹.) ⓘ	146.7	190.6
Reserves (₹ Cr.) ⓘ	875	1,141
P/BV ⓘ	2.80	2.15
PE ⓘ	18.74	12.44

From the Market
52 Week Low / High (₹)	290.60 / 452.45
All Time Low / High (₹)	0.14 / 452.45
Market Cap (₹ Cr.)	2,481
Equity (₹ Cr.)	12.1
Face Value (₹)	2
Industry PE ⓘ	25.9

Management X-Ray of Panama Petrochem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Panama Petrochem

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Panama Petrochem

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	730	665	725	1,170	1,078	813	1,202	1,540	1,708	1,725
Operating Expenses ⓘ	703	625	657	1,073	999	777	1,031	1,308	1,456	1,536
Manufacturing Costs	21	22	20	24	27	28	32	32	30	31
Material Costs	642	554	589	980	890	687	892	1,149	1,304	1,412
Employee Cost	4	5	6	7	8	9	25	20	21	12
Other Costs ⓘ	37	45	43	62	74	53	82	107	102	81
Operating Profit ⓘ	26	40	68	97	79	36	172	231	252	189
Operating Profit Margin (%)	3.6%	6.0%	9.4%	8.3%	7.3%	4.4%	14.3%	15.0%	14.8%	11.0%
Other Income ⓘ	1	2	4	1	3	4	7	6	6	11
Interest ⓘ	7	7	7	12	20	13	6	4	10	17
Depreciation ⓘ	3	3	3	3	4	5	5	5	6	7
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	18	32	63	84	58	22	168	227	242	177
Tax ⓘ	4	12	22	29	20	3	44	56	62	46
Profit After Tax	14	20	41	54	38	18	123	171	181	131
PAT Margin (%)	1.9%	3.0%	5.6%	4.6%	3.5%	2.2%	10.3%	11.1%	10.6%	7.6%
Adjusted EPS (₹)	2.3	3.3	6.8	9.0	6.3	3.0	20.4	28.3	29.9	21.7
Dividend Payout Ratio (%)	59%	10%	10%	13%	19%	40%	10%	28%	27%	32%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	238	255	294	344	373	382	499	646	771	855
Share Capital ⓘ	8	8	8	12	12	12	12	12	12	12
Reserves ⓘ	230	247	286	332	361	370	487	634	759	843
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	24	29	13	30	105	1	8	0	0	25
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	24	29	13	30	105	1	8	0	0	25
Trade Payables	180	144	253	497	279	220	279	420	248	227
Others Liabilities ⓘ	29	28	47	89	93	89	120	160	209	198
Total Liabilities ⓘ	471	456	607	959	850	693	905	1,225	1,228	1,306
Fixed Assets
Gross Block	93	99	104	111	128	137	151	197	221	275
Accumulated Depreciation	17	20	22	25	28	32	37	41	46	51
Net Fixed Assetsⓘ	76	79	82	86	100	105	114	155	175	223
CWIP ⓘ	0	0	4	12	11	17	22	5	13	1
Investmentsⓘ	52	54	53	52	52	52	52	57	56	54
Inventories	153	135	230	395	311	192	260	439	277	361
Trade Receivables	149	135	176	279	264	191	293	265	313	379
Cash Equivalents	12	11	16	26	5	34	42	120	169	63
Others Assetsⓘ	30	41	46	109	108	102	122	185	224	225
Total Assets ⓘ	471	456	607	959	850	693	905	1,225	1,228	1,306

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-5	20	36	29	-47	166	31	151	144	-32
PBT ⓘ	18	32	63	84	58	22	168	227	242	177
Adjustment ⓘ	12	10	2	25	14	20	7	8	4	16
Changes in Working Capital ⓘ	-31	-12	-10	-49	-99	130	-104	-25	-41	-180
Tax Paid ⓘ	-4	-9	-19	-30	-20	-6	-39	-59	-61	-45
Cash Flow From Investing Activity ⓘ	-4	-7	-9	-15	-20	-15	-12	-110	-77	85
Capex	-3	-7	-9	-21	-21	-14	-19	-29	-34	-49
Net Investments	0	-2	-2	6	0	-2	3	-78	-49	126
Others ⓘ	-1	2	2	1	2	1	4	-3	5	9
Cash Flow From Financing Activityⓘ	-5	-12	-25	0	47	-126	-7	-37	-64	-39
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-7	-7	-7	-12	-20	-13	-6	-4	-10	-16
Dividend Paid ⓘ	-6	-10	-2	-4	-7	-7	-7	-24	-54	-48
Others ⓘ	8	4	-16	16	74	-105	7	-8	0	25
Net Cash Flow ⓘ	-14	1	2	14	-20	25	12	5	2	14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	5.83	8.19	14.9	17.04	10.6	4.82	28.01	29.95	25.49	16.14
ROCE (%)	9.6	14.12	23.47	27.93	18.14	8.12	38.97	40.18	35.61	23.44
Asset Turnover Ratio	1.71	1.56	1.49	1.52	1.19	1.05	1.5	1.45	1.39	1.36
PAT to CFO Conversion(x)	-0.36	1	0.88	0.54	-1.24	9.22	0.25	0.88	0.8	-0.24
Working Capital Days
Receivable Days	65	72	72	70	92	102	73	66	62	73
Inventory Days	65	73	84	96	119	113	69	83	76	67
Payable Days	101	107	123	140	159	133	102	111	93	61

Panama Petrochem Ltd Stock News

Panama Petrochem Ltd FAQs

What is the share price of Panama Petrochem?

Company share prices are keep on changing according to the market conditions. The closing price of Panama Petrochem on 06-Sep-2024 16:01 is ₹409.2.

What is the market cap of Panama Petrochem?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of Panama Petrochem stood at ₹2,480.8.

What is the P/E ratio of Panama Petrochem?

The latest P/E ratio of Panama Petrochem as of 06-Sep-2024 16:01 is 18.74.

What is the P/B ratio of Panama Petrochem?

The latest P/B ratio of Panama Petrochem as of 06-Sep-2024 16:01 is 2.80.

What is the 52-week high and low of Panama Petrochem?

The 52-week high of Panama Petrochem is ₹452.4 and the 52-week low is ₹290.6.

What is the TTM revenue of Panama Petrochem?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panama Petrochem is ₹1,739 ( Cr.) .

About Panama Petrochem Ltd

Panama Petrochem established in 1975 is one of Indiaâ€™s leading manufacturers and exporters of petroleum specialty products. Their focus is to consistently provide quality services. Their petroleum products are in great demand for various industries like inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables and other different industrial purposes. Panama Petrochem Limited is also listed on the Mumbai Stock Exchange.

Panama Petrochem manufactures more than 80 product variants vital for nearly six to seven industry segments. They are in league with the giants of each industry. They are in collaboration with Lubcon, Germany for distribution of their specialized products . Last but certainly not the least, they also furnish various Power Generation Boards and Atomic Research Centers with their required products. Since they realize how significant every client is to them, they keep in mind each clientâ€™s specifications and needs, ensuring customer satisfaction and an excellent rapport. This policy that they follow guarantees little scope for dissatisfaction from the customerâ€™s end.

Their business is spread across India in the form of four manufacturing plants at Ankleshwar(Gujarat), Daman(Union Territory), Marol (Mumbai) and Taloja (Dist. Raigadh). Panama Petrochem Ltd. is progressing every day, and their increasing turnover and better results period after period proves this.

The company is in the field of petroleum speciality oils and solvents for more than 25 years. Its Ankleshwar Plant is one of the best of its kind in terms of huge production capacity with large storage tanks and warehouses.

The companyâ€™s specialization and expertise is their strength so that they continuously add new and more value-added products in their list so as to serve the niche market and stay always abreast of their competitors. They have procured all the required statutory approvals that permit them to supply their various oil products to the different industries. Their clients have complete faith in the quality of each of their products, which is why they have received a great response from customerâ€™s end.

By exploring international markets, Panama Petrochem continuously aims to bring about a rise in the exports. They export a variety of their products like Petroleum Jelly, Liquid Paraffin, Transformer Oil and Rubber Process Oil to different countries like USA, UK, Europe, Middle East, Australia, African Sub-continent, South East Asia etc . Good infrastructure for the company and their state-of-the-art Research and Development center help them to simultaneously cater to domestic and international needs.

Product range of the company includes:

White Oil
Turbine Oil
Spray Oil and Hydraulic Oil
Transformer Oil
Petroleum Jelly
Liquid Paraffins
White Soft Paraffins
Petrolatum

It also manufactures Ink Oils (Solvents for Printing Inks & Resins) of various grades and can also supply as per customers specification. Its Ink oils find good market in different printing ink & resin manufacturers. Recently the company has developed wax blends & highly aromatic petroleum oils for rubber industries, which are well accepted by some of the leading tyre manufacturers.

The company provides their petroleum specialty products to: