Panama Petrochem Limited

Oil, Gas & Consumable Fuels · Petroleum Products

NSE: PANAMAPET BSE: 524820

₹484.25

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Petroleum Products

The largest companies in the same industry by market cap. This company ranks #10 of 18. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Reliance Industries Limited	1,606,312	41.0	8.8%	-13.3%	0.51%	61	45	10
Indian Oil Corporation Limited	190,538	5.0	19.4%	-9.9%	6.11%	56	100	16
Bharat Petroleum Corporation Limited	131,543	9.8	25.8%	-10.7%	5.77%	66	97	14
Hindustan Petroleum Corporation Limited	74,548	58.3	27.5%	-19.3%	6.92%	45	49	48
Mangalore Refinery and Petrochemicals Limited	29,670	9.5	13.6%	27.0%	2.36%	49	93	33
Chennai Petroleum Corporation Limited	21,388	5.2	27.9%	89.7%	4.32%	76	94	51
Castrol India Limited	19,834	18.7	50.0%	-0.3%	5.74%	96	33	89
Gulf Oil Lubricants India Limited	5,573	13.9	22.3%	-9.2%	4.53%	80	50	86
Panama Petrochem Limited (this stock)	2,929	8.8	14.5%	71.2%	—	73	93	85

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹2,949 Cr

EV / EBITDA

6.4x

EV / Sales

1.06x

Market cap / Sales

1.05x

Earnings yield

11.33%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 1,252 Cr, up 192.6% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 218 Cr, up 655.0% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	1,248	291	218	₹35.9500
March 31, 2026	550	63	47	₹7.7600
Dec. 31, 2025	484	46	34	₹5.6300
Sept. 30, 2025	504	45	33	₹5.5300
June 30, 2025	424	39	29	₹4.7600
March 31, 2025	456	40	29	₹4.8400
Dec. 31, 2024	461	41	30	₹5.0400
Sept. 30, 2024	445	33	25	₹4.1300
June 30, 2024	414	43	32	₹5.2600
March 31, 2024	499	50	37	₹6.1000
Dec. 31, 2023	371	41	31	₹5.0600
Sept. 30, 2023	455	44	33	₹5.4600
June 30, 2023	399	42	31	₹5.0820

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	1,252	553	488	507	428	460	464	448	415	501	374	457	402
Operating revenue	1,248	550	484	504	424	456	461	445	414	499	371	455	399
Other income	4	3	4	3	4	4	3	2	2	2	3	2	3
Operating expenses	956	485	439	457	385	414	419	407	367	445	328	407	355
Operating profit	292	65	45	47	39	42	42	38	46	54	44	48	44
Operating profit margin	23.4%	11.9%	9.3%	9.4%	9.3%	9.1%	9.2%	8.6%	11.2%	10.9%	11.8%	10.5%	11.1%
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Interest	3	2	1	3	2	4	3	5	3	5	4	4	4
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	291	63	46	45	39	40	41	33	43	50	41	44	42
Tax	74	16	12	12	10	11	10	8	11	13	10	11	11
Net profit	218	47	34	33	29	29	30	25	32	37	31	33	31
EPS	35.95	7.76	5.63	5.53	4.76	4.84	5.04	4.13	5.26	6.10	5.06	5.46	5.08
Net profit (TTM)	332	143	126	122	114	117	124	124	132	131	129	138	157
EPS (TTM)	54.87	23.68	20.76	20.17	18.77	19.27	20.53	20.55	21.88	21.70	21.28	22.82	26.02

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,962	193	143
March 31, 2025	1,776	158	117
March 31, 2024	1,725	177	131
March 31, 2023	1,708	242	181

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	4.8%	10.3%	1,975^†	1,788^†	1,735^†	1,714^†	1,545^†	1,207^†	1,081^†	1,191^†	728^†
Operating revenue	4.7%	10.3%	1,962	1,776	1,725	1,708	1,540^†	1,202^†	1,078^†	1,190^†	725^†
Other income	—	—	13^†	12^†	10^†	6^†	6^†	5^†	3^†	1^†	2^†
Operating expenses	—	—	1,765^†	1,607^†	1,534^†	1,456^†	1,308^†	1,029^†	999^†	1,092^†	650^†
Operating profit	-7.9%	2.6%	197^†	168^†	190^†	252^†	231^†	173^†	79^†	97^†	75^†
Operating profit margin	—	—	10.0%^†	9.5%^†	11.0%^†	14.8%^†	15.0%^†	14.4%^†	7.3%^†	8.2%^†	10.4%^†
Depreciation	—	—	9^†	8^†	7^†	6^†	5^†	5^†	4^†	3^†	3^†
Interest	—	—	8^†	14^†	17^†	10^†	4^†	6^†	20^†	12^†	7^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-7.2%	2.9%	193	158	177	242	227^†	168^†	58^†	84^†	63^†
Tax	—	—	50^†	41^†	46^†	62^†	56^†	44^†	20^†	29^†	22^†
Net profit	-7.4%	3.0%	143	117	131	181	171^†	123^†	38^†	54^†	40^†
EPS	-7.4%	3.0%	23.68^†	19.27^†	21.70^†	29.85^†	28.33^†	20.40^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 19	Mar 18	Mar 17
Operating margin	10.0%^†	9.5%^†	11.0%^†	14.8%^†	15.0%^†	14.4%^†	7.3%^†	8.2%^†	10.4%^†
EBIT margin	10.3%^†	9.7%^†	11.2%^†	14.8%^†	15.0%^†	14.4%^†	7.2%^†	8.0%^†	9.6%^†
PBT margin	9.9%	8.9%	10.3%	14.2%	14.8%^†	13.9%^†	5.3%^†	7.0%^†	8.6%^†
Net margin	7.3%	6.6%	7.6%	10.6%	11.1%^†	10.3%^†	3.5%^†	4.6%^†	5.6%^†
Interest coverage	24.29x^†	11.91x^†	11.58x^†	24.98x^†	54.65x^†	29.91x^†	3.95x^†	8.26x^†	10.52x^†
Dividend payout	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—
Current ratio	3.02x	4.09x	—	—	—	—	—	—	—
Quick ratio	1.67x	2.44x	—	—	—	—	—	—	—
Debt to equity	0.05x	0.00x	—	—	—	—	—	—	—
Return on equity	13.6%	12.5%	—	—	—	—	—	—	—
Return on assets	10.2%	10.2%	—	—	—	—	—	—	—
Return on capital employed	18.9%^†	18.2%^†	—	—	—	—	—	—	—
Asset turnover	1.39x	1.55x	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	15	-39	23	28	-13
March 31, 2025	78	-33	-74	22	56
March 31, 2024	-32	85	-39	49	-81
March 31, 2023	144	-77	-64	34	110
March 31, 2022	151	-110	-37	29	122

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,411	1,053	1,041	52	0	1,043	345	32	200	465
March 31, 2025	1,144	933	921	2	0	810	198	33	194	326
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.