PANAMAPETEnergy

Panama Petrochem Limited

Lubricants · ISIN INE305C01029 · BSE 524820 · NSE EQ · FV ₹2
Last price
₹460
+1.82%today
What this company does

Panama Petrochem Limited operates in Lubricants, part of the Energy sector. It booked ₹1,735 cr of revenue in its latest quarter (Q1 FY27) and kept 17.8% of sales as profit. It is the 4th largest of 7 Lubricants companies we track, by market value.

In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Energy, on all six measures of filed financials. Each measure is ranked against the 6–26 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns94

How much profit it earns on the money it employs

Balance sheet79

How much it owes, and whether earnings cover the interest

Cash quality32

Whether reported profit actually arrives as cash

Growth & consistency50

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 18% net margin
Sales up 150% vs last year
Profit up 625% vs last year
Promoters hold 63%
No promoter shares pledged
Strong 84% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in PANAMAPET?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹460 +1.82%
latest close · 2026-09-17
1-year return
+78.7%
52-wk low ₹21452-wk high ₹600
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio2.3Low
LowAverageHigh
P/B ratio1.89Moderate
Below bookModerateHigh
EV / EBITDA1.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity84.1%Strong
WeakFairStrong ▸15%
Return on capital102.5%Strong
WeakFairStrong
Net margin17.8%Strong
ThinDecentStrong
EBITDA margin22.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.05Comfortable
LowModerateHigh ▸1
Interest cover70.6×Strong
RiskyOkayStrong ▸5×
Current ratio3.69Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,781 cr
Book value
₹243
EPS
₹51.06
latest quarter
Net debt
₹7 cr
owes more than its cash
Enterprise value
₹2,788 cr
EBITDA
₹1,567 cr
annualised
EBIT
₹1,552 cr
annualised
Operating margin
22.4%
Return on assets
64.4%
Earnings yield
44.42%
P/S
0.40
Sales / share
₹1,147.2
Tax rate
19.3%
Face value
₹2
Shares
6.1 cr
Working capital
₹1,089 cr
Current assets
₹1,493 cr
Current liabilities
₹404 cr
Delivery %
39.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹234 vs market price ₹460 — price is 96% above it
Safety cushion-96.5%(target ≥ +20%)
Models span ₹184₹284, midpoint ₹234
Model ₹234
Price ₹460
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,735 cr
Other Income₹4 cr
Total Income₹1,739 cr
Cost of Materials₹1,097 cr
Purchases of Stock-in-Trade₹186 cr
Inventory Change (±)₹-88 cr
Employee Benefit Expense₹40 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹113 cr
Total Expenses₹1,356 cr
Profit before Tax₹383 cr
Tax Expense₹74 cr
Net Profit₹309 cr
Net margin on total income17.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,194 cr68.7%
Employee benefit expense₹40 cr2.3%
Finance costs₹6 cr0.3%
Depreciation & amortisation₹4 cr0.2%
Other expenses₹113 cr6.5%
Tax expense₹74 cr4.2%
Profit for the period₹309 cr17.8%
Total income ₹1,739 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue775 cr823 cr1,735 cr
Total income778 cr826 cr1,739 cr
Expenses720 cr738 cr1,356 cr
Profit before tax58 cr88 cr383 cr
Tax12 cr16 cr74 cr
Net profit (owners' share)46 cr71 cr309 cr
Net margin (owners' share, on revenue)5.9%8.6%17.8%
EPS (₹)7.5711.7551.06
YoY (latest quarter): total income +149.4% · net profit +624.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,919 cr
Shareholder equity
₹1,469 cr
parent shareholders
Total debt
₹78 cr
Cash
₹71 cr
Cash flow · H1 FY26
Operating
₹60 cr
Investing
₹-55 cr
Financing
₹-28 cr
Peer comparison
Lubricants · by market value
CompanyPriceMarket capP/E
Castrol India Limited₹192₹18,963 cr13.7
Gulf Oil Lubricants India Limited₹1,064₹5,269 cr10.7
Savita Oil Technologies Limited₹691₹4,740 cr4.1
Panama Petrochem Limitedthis company₹460₹2,781 cr2.3
Gandhar Oil Refinery (India) Limited₹269₹2,637 cr3.4
Veedol Corporation Limited₹1,385₹2,355 cr7.6
GP Petroleums Limited₹62₹315 cr3.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.65%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 17 Aug 2026
ActionDetailEx-date
Dividend₹3 / share17 Aug 2026
Dividend₹3 / share2 Sep 2025
Dividend₹2 / share22 Nov 2024
Dividend₹4 / share22 Aug 2024
Dividend₹3 / share17 Nov 2023
Dividend₹5 / share22 Aug 2023
Who owns it · 2026-06-30
No pledge
Promoter
63.2%
FII / Foreign
11.7%
DII / Domestic
0.7%
Retail / others
24.5%
Promoter stake down 6.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtPANAMA BUILDERS DEVELOPERS PVT LTD · Promoter Group30,948 · ₹90.1 L12 Aug 21
BoughtPANAMA BUILDERS DEVELOPERS PVT LTD · Promoter Group34,411 · ₹83.6 L17 Jun 21
BoughtPANAMA BUILDERS DEVELOPERS PVT LTD · Promoter Group5,388 · ₹12.4 L14 Jun 21
Bulk / block deals
BoughtQE SECURITIES LLP · NSE3.40 L @ ₹495.7913 Aug 26
SoldQE SECURITIES LLP · NSE3.39 L @ ₹497.1313 Aug 26
BoughtQE SECURITIES LLP · NSE3.12 L @ ₹511.9212 Aug 26
Stake changes
SoldAmirali Essabhai Rayani · promoter→ 0.00% · 15.36 L5 Mar 26
BoughtAmin Amirali Rayani · promoter→ 8.04% · 15.36 L5 Mar 26
OthersAmirali E. Rayani→ 61.94%1 Jul 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2026 together with the Reports of the Board of Directors & Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
6.55 L votes for, 11 against · 0% of mutual funds and other big investors said no
2
To declare Dividend on Equity Shares for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
6.68 L votes for, 11 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Arif Rayani (DIN: 00245647), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
Backed by 97% of shareholders other than promotersneeded 50%
6.45 L votes for, 22,567 against · 4% of mutual funds and other big investors said no
4
Ratification of remuneration payable to Cost Auditors for FY 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
6.66 L votes for, 1,511 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 29 named members
owning 63.2% between them · as of 2026-06-30
AMIN AMIRALI RAYANI8.04%
ITTEFAQ ICE AND COLD STORAGE COMPANY PRIVATE LIMITED7.60%
ARIF AMIRALI RAYANI6.07%
SHELINA ARIF RAYANI5.27%
PANAMA BUILDERS DEVELOPERS PVT LTD4.66%
BEGUMBANU AKBERALI RAYANI4.14%
SAMIR AKBARALI RAYANI3.32%
CHEMNIE AMIN RAYANI3.07%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.