Panasonic Carbon India Company Ltd
Incorporated in 1982, Panasonic Carbon India Company Ltd manufactures Carbon
Rods[1]
- Market Cap ₹ 234 Cr.
- Current Price ₹ 488
- High / Low ₹ 596 / 421
- Stock P/E 11.0
- Book Value ₹ 391
- Dividend Yield 2.46 %
- ROCE 16.8 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.6%
Cons
- The company has delivered a poor sales growth of 2.28% over past five years.
- Company has a low return on equity of 12.2% over last 3 years.
- Earnings include an other income of Rs.12.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Electrodes & Refractories
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 41 | 49 | 49 | 44 | 45 | 45 | 49 | 50 | 50 | 51 | 54 | 55 | |
| 32 | 34 | 31 | 32 | 34 | 30 | 30 | 35 | 39 | 36 | 37 | 37 | |
| Operating Profit | 9 | 15 | 18 | 12 | 11 | 15 | 19 | 15 | 11 | 15 | 17 | 18 |
| OPM % | 22% | 32% | 36% | 28% | 25% | 34% | 38% | 30% | 22% | 30% | 31% | 33% |
| 6 | 6 | 7 | 7 | 8 | 8 | 8 | 7 | 7 | 10 | 12 | 13 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 14 | 21 | 25 | 18 | 18 | 23 | 25 | 20 | 18 | 25 | 28 | 30 |
| Tax % | 35% | 35% | 34% | 30% | 30% | 25% | 26% | 25% | 27% | 26% | 26% | 30% |
| 9 | 13 | 16 | 12 | 12 | 17 | 19 | 15 | 13 | 19 | 21 | 21 | |
| EPS in Rs | 19.04 | 28.04 | 33.52 | 25.62 | 25.62 | 35.31 | 39.38 | 31.98 | 26.73 | 38.73 | 43.40 | 44.25 |
| Dividend Payout % | 42% | 36% | 30% | 39% | 39% | 28% | 30% | 38% | 45% | 31% | 28% | 27% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 18% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 1% |
| 3 Years: | 11% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 61 | 69 | 85 | 91 | 98 | 109 | 123 | 132 | 139 | 152 | 167 | 183 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 11 | 12 | 7 | 7 | 6 | 6 | 6 | 6 | 5 | 6 | 6 | 6 | |
| Total Liabilities | 77 | 86 | 97 | 103 | 109 | 119 | 134 | 143 | 149 | 162 | 178 | 194 |
| 3 | 3 | 10 | 9 | 8 | 7 | 6 | 6 | 5 | 5 | 4 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 74 | 83 | 87 | 93 | 101 | 112 | 128 | 137 | 144 | 158 | 173 | 189 | |
| Total Assets | 77 | 86 | 97 | 103 | 109 | 119 | 134 | 143 | 149 | 162 | 178 | 194 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 8 | 10 | 9 | 8 | 10 | 12 | 8 | 9 | 2 | 8 | 11 | |
| 5 | 5 | -4 | -4 | -2 | -4 | -7 | -2 | -5 | 3 | -1 | -6 | |
| -4 | -5 | -6 | -6 | -6 | -6 | -5 | -6 | -6 | -6 | -6 | -6 | |
| Net Cash Flow | 5 | 9 | 1 | -1 | 0 | -1 | 0 | 1 | -1 | -0 | 1 | -1 |
| Free Cash Flow | 3 | 8 | 3 | 8 | 8 | 10 | 12 | 8 | 9 | 2 | 8 | 11 |
| CFO/OP | 92% | 99% | 103% | 114% | 117% | 100% | 100% | 90% | 132% | 57% | 91% | 104% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 24 | 27 | 22 | 26 | 27 | 36 | 38 | 21 | 27 | 33 | 30 |
| Inventory Days | 64 | 63 | 61 | 91 | 58 | 77 | 74 | 63 | 51 | 56 | 85 | 98 |
| Days Payable | 98 | 76 | 108 | 100 | 85 | 71 | 102 | 60 | 41 | 68 | 69 | 49 |
| Cash Conversion Cycle | 1 | 10 | -19 | 13 | -1 | 33 | 7 | 41 | 31 | 14 | 48 | 79 |
| Working Capital Days | -16 | -22 | 22 | 17 | 9 | 17 | 20 | 931 | 662 | 916 | 1,011 | 1,014 |
| ROCE % | 22% | 30% | 28% | 19% | 18% | 21% | 21% | 15% | 12% | 17% | 17% | 17% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Domestic Sales Volume Million Pieces |
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| Export Sales Volume Million Pieces |
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| Total Sales Volume (Carbon Rods) Million Pieces |
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| Number of Permanent Employees Count |
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| Top 4 Customers Revenue Contribution % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2h - Newspaper Advertisement of the Audited Financial results for the quarter and year ended 31st March 2026
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Compliances-Reg.24(A)-Annual Secretarial Compliance
5h - Secretarial Compliance Report for the year ended 31st March 2026
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
22h - FY26 audited results approved; Rs12 dividend recommended; AGM on 29 June 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
22h - Kola Paul Jayakar’s term ends 29 Jun 2026; Prasad Bala Nagendra Vadlapatla proposed as independent director from 30 Jun 2026.
- Corporate Action - Book Closure 23h
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
Company collaborated with Panasonic Corporation for obtaining Technical know-how and assistance for manufacture and sale of Midget Electrodes (Carbon Rods). Currently, PCICL is a sole manufacturer of high standard Carbon Rods in India and a leading manufacturer of Carbon Rods in the World