Panther Industrial Products Ltd
Incorporated in 1997, Panther Industrial Products Ltd is in the business of PVC sheets /films[1]
- Market Cap ₹ 12.4 Cr.
- Current Price ₹ 88.4
- High / Low ₹ 88.4 / 35.2
- Stock P/E
- Book Value ₹ 7.57
- Dividend Yield 0.00 %
- ROCE -5.21 %
- ROE -32.5 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 11.7 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -4.72% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.04 | 0.13 | 0.08 | 0.04 | 0.06 | 0.48 | 0.23 | 0.09 | 0.12 | 0.43 | 0.56 | 0.64 | 0.20 | |
| Operating Profit | -0.04 | -0.13 | -0.08 | -0.04 | -0.06 | -0.48 | -0.23 | -0.09 | -0.12 | -0.43 | -0.56 | -0.64 | -0.20 |
| OPM % | |||||||||||||
| 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.44 | 0.64 | 0.73 | 0.20 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.09 | 0.05 | 0.12 | 0.12 | 0.08 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 |
| Profit before tax | -0.13 | -0.06 | -0.20 | -0.16 | -0.14 | -0.53 | -0.26 | -0.11 | 0.31 | 0.20 | 0.16 | -0.46 | -0.20 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 16.13% | 25.00% | 37.50% | 0.00% | |
| -0.12 | -0.06 | -0.19 | -0.17 | -0.14 | -0.53 | -0.27 | -0.11 | 0.26 | 0.15 | 0.10 | -0.46 | -0.20 | |
| EPS in Rs | -0.86 | -0.43 | -1.36 | -1.21 | -1.00 | -3.79 | -1.93 | -0.79 | 1.86 | 1.07 | 0.71 | -3.29 | -1.44 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -22% |
| 3 Years: | % |
| TTM: | -560% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -1% |
| 3 Years: | -5% |
| Last Year: | -33% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 |
| Reserves | 8.92 | 8.86 | 8.66 | 8.50 | 0.63 | 0.10 | -0.17 | -0.28 | -0.02 | 0.13 | 0.22 | -0.19 |
| 7.65 | 7.65 | 7.65 | 7.65 | 7.64 | 7.42 | 7.42 | 7.42 | 7.42 | 7.42 | 7.42 | 7.42 | |
| 0.94 | 0.31 | 0.55 | 0.60 | 0.05 | 0.55 | 0.17 | 0.23 | 0.08 | 0.15 | 0.23 | 0.03 | |
| Total Liabilities | 18.91 | 18.22 | 18.26 | 18.15 | 9.72 | 9.47 | 8.82 | 8.77 | 8.88 | 9.10 | 9.27 | 8.66 |
| 0.24 | 0.32 | 0.36 | 0.23 | 0.15 | 0.10 | 0.06 | 0.03 | 0.02 | 0.05 | 0.03 | 0.03 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.79 | 0.79 | 0.79 | 0.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 17.88 | 17.11 | 17.11 | 17.13 | 9.57 | 9.37 | 8.76 | 8.74 | 8.86 | 9.05 | 9.24 | 8.63 | |
| Total Assets | 18.91 | 18.22 | 18.26 | 18.15 | 9.72 | 9.47 | 8.82 | 8.77 | 8.88 | 9.10 | 9.27 | 8.66 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.18 | -0.09 | -0.04 | 0.00 | 0.00 | -0.01 | -0.01 | 0.01 | 0.02 | -0.02 | ||
| 0.00 | -0.01 | -0.15 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 0.02 | 0.19 | 0.24 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Net Cash Flow | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | 0.01 | 0.02 | -0.02 | |
| Free Cash Flow | -0.03 | -0.18 | -0.24 | -0.04 | 0.00 | 0.00 | 0.01 | -0.01 | 0.01 | 0.02 | -0.02 | |
| CFO/OP | 75% | 138% | 112% | 100% | 0% | 0% | 11% | 8% | -2% | -4% | 3% |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | ||||||||||||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | ||||||||||||
| Working Capital Days | ||||||||||||
| ROCE % | -0.72% | -1.00% | -1.12% | -0.91% | -1.03% | -5.70% | -2.96% | -1.28% | 3.58% | 2.25% | 1.78% | -5.21% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trading and Operational Revenue INR |
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| Quoted Investment Count (Equity Shares) Number |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Submitted Regulation 74(5) certificate for quarter and year ended 31 March 2026.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
8 Apr - Board approved amalgamation of Panther Industrial Products with Shivang Edibles Oils, subject to NCLT and regulatory approvals.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, April 08, 2026 Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding The Approval Of The Scheme Of Amalgamation.
8 Apr - Board approved amalgamation of Panther Industrial Products into Shivang Edibles Oils; 1:19 share exchange, subject to NCLT/BSE approvals.
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Closure of Trading Window
1 Apr - Trading window closed from 1 Apr 2026 until 48 hours after audited results for quarter/year ended 31 Mar 2026.
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Board Meeting Intimation for Intimation Of Board Meeting Schedule To Be Held On Wednesday 08Th April, 2026
1 Apr - Board meeting on 08 April 2026 14:30 to consider/approve draft scheme of amalgamation and arrangement.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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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
from bse
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2009
from bse
Business Overview:[1]
PIPL manufactured PVC sheets/films, including Wavelock protective covers, using a unique lamination process that ensures 100% waterproofing and leak-proofing. The company sources technical expertise from Konrad Hornschuch Germany for premium upholstery material. Its PVC-reinforced film/sheeting capacity ranged from 1100 TPA to 3000 TPA, depending on the grade.