Panasonic Carbon India Company Ltd
Incorporated in 1982, Panasonic Carbon India Company Ltd manufactures Carbon
Rods[1]
- Market Cap ₹ 239 Cr.
- Current Price ₹ 497
- High / Low ₹ 555 / 421
- Stock P/E 11.2
- Book Value ₹ 391
- Dividend Yield 2.41 %
- 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: | 0% |
| 5 Years: | -1% |
| 3 Years: | 8% |
| 1 Year: | -10% |
| 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
6 Jun - Newspaper advertisement regarding the 44th Annual General Meeting of the company
- Notice Of 44Th AGM 5 Jun
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Reg. 34 (1) Annual Report.
5 Jun - 44th AGM on 29 June 2026; annual report filed, dividend and director appointments proposed.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Jun - Newspaper publication for the intimation regarding transfer of shares to the IEPF Authority in respect of shares on which dividend has not been claimed seven …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - The newspaper Advertisement of the Audited Financial results for the quarter and year ended 31st March 2026
Annual reports
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Financial Year 2026
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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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Business Overview:[1]
The company entered into a technical collaboration with Panasonic Corporation, Japan for the manufacture of carbon rods (midget electrodes). The company is currently the sole manufacturer of carbon rods in India and one of the leading carbon rod manufacturers globally.