Panama Petrochem
- Market cap
- ₹ 2,709 Cr.
- P/E
- 5.9x
- P/B
- 1.9x
- 52-week range
- 229 – 599.6
- ROE
- 16%
- ROCE
- 19%
- Dividend yield
- 0.7%
- Debt / equity
- 0.08
- Sector
- Petroleum Products
- Industry
- Lubricants
- Listed on
- NSE, BSE
About
Panama Petrochem Limited is an India-based company engaged in the manufacture of specialty petroleum products for diverse user industries, such as printing, textiles, rubber, pharmaceuticals, cosmetics, power, and other industrial oil. The Company's diverse range of products includes white oil/Liquid Paraffin Oil, Petroleum Jelly, Transformer Oil, Ink and Coating Oils, Rubber Process Oil, Industrial Oils and Greases, Automotive Oils, Drilling Fluids, Waxes and other. Its wax products include fully Refined Paraffin Wax, Semi-Refined Paraffin Wax, Slack Wax, Micro Wax, and others. Its petroleum jellies products include Pangel SWJ, Pangel WJ, Pangel YJ, and Material Safety Data Sheet (MSDS). Its geographical segments include Domestic and Overseas. It has four manufacturing units in India and are located at Ankleshwar (Gujarat), Daman (Union Territory), Daman (Gujarat) and Taloja (Dist. Raigadh). The Company exports its products to the United States, the United Kingdom, Europe, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Lubricants: 10 companies →Panama Petrochem against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)5.9 against a typical 10.5: cheaper than most peers (1st = cheapest).2nd of 10
- Sales growth+150.4% against a typical +42.2% from a year earlier.1st of 8
- Profit growth+618.6% against a typical +158.3% from a year earlier.2nd of 8
- Share price, 3 months+4.7% against a typical +3.1%.5th of 10
- Size₹ 2,709.4 Cr. market value against a typical ₹ 2,460.9 Cr. (1st = largest).5th of 10
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A+ | Positive | 12 Oct 2026 |
| ICRA | [ICRA]A+ | Stable | 15 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 12 Oct 2026 | ▲ Outlook raised | CARE A+ Outlook Stable → Positive | Medium | CARE | ₹ 649 Cr. | |
| 15 May 2026 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 124 Cr. | |
| 22 Sep 2025 | Reaffirmed | CARE A+ | — | CARE | ₹ 649 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 10 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 31 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 26 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 574 | 512 | 741 | 671 | 699 | 728 | 695 | 693 | 773 | 775 | 823 | 1,735 |
| Expenses | 513 | 456 | 664 | 605 | 641 | 665 | 636 | 638 | 705 | 714 | 731 | 1,347 |
| Operating Profit | 61 | 56 | 77 | 66 | 58 | 63 | 59 | 55 | 69 | 61 | 91 | 388 |
| OPM % | 11% | 11% | 10% | 10% | 8% | 9% | 9% | 8% | 9% | 8% | 11% | 22% |
| Other Income | 4 | 2 | 5 | 2 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 4 |
| Interest | 4 | 4 | 5 | 4 | 6 | 4 | 5 | 3 | 3 | 2 | 3 | 6 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Profit before tax | 58 | 52 | 74 | 61 | 53 | 59 | 55 | 53 | 65 | 58 | 88 | 383 |
| Tax % | 20% | 20% | 17% | 18% | 16% | 18% | 20% | 19% | 18% | 21% | 19% | 19% |
| Net Profit | 47 | 41 | 61 | 50 | 44 | 48 | 44 | 43 | 53 | 46 | 71 | 309 |
| EPS in Rs | 7.76 | 6.84 | 10.08 | 8.29 | 7.29 | 8.02 | 7.32 | 7.05 | 8.76 | 7.57 | 11.75 | 51.06 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 15%
- 5 Years
- 16%
- 3 Years
- 11%
- TTM
- 46%
- 10 Years
- 24%
- 5 Years
- 9%
- 3 Years
- −3%
- TTM
- 167%
- 10 Years
- 27%
- 5 Years
- 13%
- 3 Years
- 18%
- TTM
- —
- 10 Years
- 20%
- 5 Years
- 21%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Panama Petrochem | ₹ 456.00 | ₹ 2,709 Cr. | 5.9x | 1.9x | 16% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Arif A. Rayani
- Executive Chairman of the Board
- Samir Akbarali Rayani
- Chief Executive Officer, Joint Managing Director, Executive Director
- Pramod Maheshwari
- Chief Financial Officer
- Gayatri Sharma
- Compliance Officer, Company Secretary
- Hussein V. Rayani
- Joint Managing Director, Executive Director
- Amirali E. Rayani
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.