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Panama Petrochem (PANAMAPET) had a P/E of 5.5× on 6 Nov 2026, below the industry P/E of 14.3×, and the shares are 27% below their 52-week high. Sales grew 11% a year over 3 years while net profit fell 3.0%, with ROCE of 18% and ROE of 40%. It carries very little debt, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹2,651 Cr, ranked 11th of 20 Oil & Gas Refining & Marketing companies by market cap; the shares rose 63% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹446.20
Day high
₹446.20
Day low
₹436.50
Prev. close
₹446.20
Volume
1.2 L

Health check

4 good · 2 fair
  • ReturnsAhead

    +63.3% over a year, better than 7 of 7 peers.

  • Price tagCheaper

    P/E 5.5 vs industry 14.3.

  • GrowthSteady

    Sales +10.9%, profit −3.0% a year over 3 years.

  • ProfitabilityAverage

    ROCE 17.9% vs peer median 20.5%.

  • Balance sheetSolid

    Practically debt-free.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Oil & Gas Refining & Marketing

19 listed peers. Screen the industry

Small cap

₹2,651 Cr, #11 of 20 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹5,060 Cr · profit ₹669 Cr
Market cap
₹2,651 Cr
Small cap
P/E
5.5
Industry 14.3
Price to book
1.31
Peers 1.81
Dividend yield
0.68%
ROE
39.8%
Peers 17.3%
ROCE
17.9%
Peers 20.5%
Debt to equity
0.04
Debt ₹86 Cr
EPS (TTM)
₹79.14
Face value ₹2
OPM (TTM)
14.5%
Net margin 13.2%
Sales growth
+150.3%
Latest quarter vs a year ago
Profit growth
+624.8%
Latest quarter vs a year ago
Price to sales
0.52
EV/EBITDA 2.9

Strengths and risks

Strengths

  • Return on equity of 39.8%.
  • Practically debt-free.
  • Quarterly profit up 624.8% on a year ago.
  • Quarterly sales up 150.3% on a year ago.
  • P/E of 5.5 against an industry P/E of 14.3.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Panama Petrochem

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…

Headquarters
Mumbai
Employees
191
Sector
Energy
ISIN
INE305C01029
Website
panamapetro.com

Price range

52 weeks

₹229.00₹599.60

Today

₹436.50₹446.20
Avg volume (3M)
5.8 L
1-year return
plus 63.3%
From 52-week high
minus 26.9%

Peers · Oil & Gas Refining & Marketing

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
RELIANCEReliance Industries1,320.00plus 0.50%17,86,28621.810.79.0%11.2%0.446.4%minus 10.8%
IOCIndian Oil Corporation146.25plus 1.21%2,06,5234.33.820.5%7.3%0.58−2.2%minus 14.6%
BPCLBharat Petroleum Corporation319.90plus 0.88%1,38,7898.73.826.4%3.4%0.62−1.2%minus 15.0%
HINDPETROHindustan Petroleum Corporation387.15plus 1.87%82,37957.44.223.3%1.2%1.400.2%minus 21.6%
PETRONETPetronet LNG317.000.00%47,55010.37.121.2%16.0%0.09−9.7%plus 13.0%
AEGISLOGAegis Logistics1,141.10minus 3.77%40,05330.126.714.2%20.9%0.51−1.3%plus 55.4%
MRPLMangalore Refinery & Petrochemicals175.67plus 1.12%30,7887.06.119.0%6.3%0.60−6.7%minus 1.2%
PANAMAPETPanama Petrochem438.25minus 1.78%2,6515.58.9–17.3%0.0410.9%plus 63.3%
Median of 7 peers–0.88%82,37910.36.120.5%7.3%0.58−1.3%−10.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
6937737758231,735
6427087187351,351
51.665.257.287.8384
7.4%8.4%7.4%10.7%22.1%
432.833.9
33.42.43.25.5
52.664.757.787.6383
18.9%18.1%20.6%18.8%19.3%
42.65345.871.1309
7.048.767.5711.7551.06

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+10.9%
Profit CAGR 3Y
−3.0%
EPS CAGR 3Y
−3.0%
ROE
39.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,2492,3572,7933,064
–+4.8%+18.5%+9.7%
1,9272,1012,5402,785
322255253279
14.3%10.8%9.0%9.1%
−10.16.82.98.7
7.914.114.19
9.49.812.413.8
0.32.6−0.8−2.7
295241228263
20.9%18.9%18.1%19.1%
233195187213
–minus 16.2%minus 4.2%+13.6%
38.5132.2630.9235.13

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12.112.112.112.1
9401,0911,2431,457
0.42632.6111
282281236339
1,2351,4091,5241,919
247269308341
14.83.723.855.7
4.5218.949.2
22213318182.7
7471,0029921,390
1,2351,4091,5241,919

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
210−28162−69.4
−78.766.8−11.9−72.1
−96−40.4−77.945
34.8−1.672.4−96.5
−35.3−49.3−27.2−54.3
174−77.3135−124
−54.2−48.2−36.1−18.2

Shareholding pattern

Source: NSE filings
63.2%
promoters
  • Promoters63.16%
  • Public36.84%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202663.16%36.84%0.00
30 Jun 202663.16%36.84%0.00
31 Mar 202663.16%36.84%0.00
31 Dec 202563.16%36.84%plus 0.64
30 Sep 202562.52%37.48%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you