Panjon Ltd

Panjon Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Panjon Ltd

₹ 20.3 1.30%
26 Apr - close price
panjon.in BSE: 526345
About

Incorporated in 1983, Panjon Ltd manufactures and trades consumer and pharmaceutical products

Key Points

Product Profile:[1][2]
Panjon Tablet, Panjon Balm, Panjon Cough Syrup, Panjon Cough Drops, Panjon Inhaler, Hinkargiri Hair Oil, Kery, Percy, Swad, Swad Awla, Swad Khajoor, Swad Chatpati, Swad Shoppee, Swad Energy Drink, Panjon Dental Cream, Purti Mouth Freshner

Distribution Network:[3]
Company markets and manufactures its products and undertakes contract manufacturing for MNCs. Company sells its formulations under own brand name, through a nationwide marketing network of 20+ states through a chain of 80 distributors who in turn sell goods to 1000 appointed stockiest and 4,50,000 retailers, with help of a field force of 300+ sales representatives

Website BSE
  • Market Cap ₹ 31.4 Cr.
  • Current Price ₹ 20.3
  • High / Low ₹ 21.8 / 11.9
  • Stock P/E 314
  • Book Value ₹ 8.74
  • Dividend Yield 0.00 %
  • ROCE 1.23 %
  • ROE 6.20 %
  • Face Value ₹ 10.0
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Pros

Cons

  • The company has delivered a poor sales growth of -21.2% over past five years.
  • Company has a low return on equity of -7.27% over last 3 years.
  • Debtor days have increased from 71.1 to 93.5 days.
  • Working capital days have increased from 355 days to 511 days

* 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

Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Formulations

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6.90 1.56 1.97 1.71 3.41 1.63 1.48 1.93 1.37 1.30 1.24 1.30 4.81
6.75 1.39 1.84 1.61 3.28 5.73 1.44 1.88 1.34 1.41 1.28 1.27 4.80
Operating Profit 0.15 0.17 0.13 0.10 0.13 -4.10 0.04 0.05 0.03 -0.11 -0.04 0.03 0.01
OPM % 2.17% 10.90% 6.60% 5.85% 3.81% -251.53% 2.70% 2.59% 2.19% -8.46% -3.23% 2.31% 0.21%
0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.04 0.24 0.08 0.04 0.06
Interest 0.02 0.04 0.02 0.01 0.02 0.02 0.01 0.01 0.01 0.02 0.00 0.01 0.01
Depreciation 0.06 0.09 0.06 0.06 0.06 0.03 0.03 0.03 0.03 0.11 0.02 0.02 0.02
Profit before tax 0.07 0.04 0.05 0.03 0.05 -4.15 0.05 0.06 0.03 0.00 0.02 0.04 0.04
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.07 0.05 0.06 0.03 0.05 -4.15 0.04 0.05 0.03 0.00 0.02 0.04 0.04
EPS in Rs 0.05 0.03 0.04 0.02 0.03 -2.68 0.03 0.03 0.02 0.00 0.01 0.03 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
15.86 18.76 19.29 19.47 12.26 13.98 20.10 25.94 26.43 14.49 8.41 6.09 8.65
16.78 19.59 19.15 22.54 12.35 14.00 19.68 25.63 26.11 14.30 12.45 6.09 8.76
Operating Profit -0.92 -0.83 0.14 -3.07 -0.09 -0.02 0.42 0.31 0.32 0.19 -4.04 0.00 -0.11
OPM % -5.80% -4.42% 0.73% -15.77% -0.73% -0.14% 2.09% 1.20% 1.21% 1.31% -48.04% 0.00% -1.27%
1.27 1.04 0.02 -1.51 0.43 0.52 0.21 0.36 0.29 0.33 0.30 0.38 0.42
Interest 0.06 0.05 0.00 0.00 0.17 0.19 0.28 0.24 0.15 0.10 0.07 0.05 0.04
Depreciation 0.23 0.09 0.08 0.13 0.14 0.13 0.11 0.15 0.27 0.23 0.20 0.21 0.17
Profit before tax 0.06 0.07 0.08 -4.71 0.03 0.18 0.24 0.28 0.19 0.19 -4.01 0.12 0.10
Tax % -233.33% 14.29% 312.50% 27.18% -1,133.33% 33.33% 50.00% 53.57% 115.79% 47.37% -3.49% -575.00%
0.20 0.06 -0.17 -3.43 0.36 0.12 0.12 0.14 -0.03 0.10 -4.15 0.81 0.10
EPS in Rs 0.19 0.06 -0.11 -2.21 0.23 0.08 0.08 0.09 -0.02 0.06 -2.68 0.52 0.07
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: -11%
5 Years: -21%
3 Years: -39%
TTM: 35%
Compounded Profit Growth
10 Years: 30%
5 Years: 47%
3 Years: 207%
TTM: 102%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 42%
Return on Equity
10 Years: -3%
5 Years: -4%
3 Years: -7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10.48 10.48 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50
Reserves 3.98 4.04 8.85 0.52 0.89 1.00 1.13 1.27 1.23 1.31 -2.84 -2.02 -1.96
2.41 8.32 1.67 1.52 1.41 1.26 1.89 1.84 1.56 1.33 0.81 0.78 1.61
2.18 1.12 1.39 0.51 0.24 0.28 0.29 0.34 0.92 1.12 0.58 0.64 0.80
Total Liabilities 19.05 23.96 27.41 18.05 18.04 18.04 18.81 18.95 19.21 19.26 14.05 14.90 15.95
5.70 5.66 5.69 0.92 0.84 0.74 0.72 0.87 1.12 0.96 0.95 0.91 1.00
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 0.00
Investments 1.18 1.18 1.18 1.08 1.08 1.08 1.09 1.09 1.08 1.07 1.07 1.08 1.08
12.17 17.12 20.54 16.05 16.12 16.22 17.00 16.99 17.01 17.23 12.03 12.91 13.87
Total Assets 19.05 23.96 27.41 18.05 18.04 18.04 18.81 18.95 19.21 19.26 14.05 14.90 15.95

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5.92 -3.48 0.89 -0.20 0.18 -0.17 0.49 0.35 0.34 1.82 0.04
-0.05 -0.10 4.74 -0.06 -0.04 -0.08 -0.31 -0.51 -0.06 -0.19 -0.19
5.94 3.44 -5.14 -0.19 -0.17 0.40 -0.05 -0.07 -0.24 -0.51 0.18
Net Cash Flow -0.03 -0.14 0.49 -0.44 -0.03 0.15 0.13 -0.22 0.04 1.12 0.04

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 91.83 182.11 241.44 184.28 261.39 21.67 16.89 23.64 45.57 93.45 26.47 93.50
Inventory Days 116.33 131.63 117.88 46.16 101.43 95.13 66.63 57.65 59.10 120.11 306.47 610.67
Days Payable 39.03 13.04 12.18 7.20 4.14 2.93 2.19 3.98 11.48 28.24 19.51 63.17
Cash Conversion Cycle 169.13 300.69 347.14 223.24 358.68 113.87 81.33 77.31 93.20 185.32 313.43 641.00
Working Capital Days 190.55 279.39 340.21 263.39 429.31 178.84 125.12 114.82 139.21 262.48 291.22 511.24
ROCE % -5.55% 0.60% 0.33% -14.51% 1.13% 2.08% 2.87% 2.80% 1.84% 1.59% -24.93% 1.23%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03%
47.97% 47.97% 47.97% 47.97% 47.97% 47.97% 47.99% 47.97% 47.97% 47.98% 47.98% 47.96%
No. of Shareholders 8,9228,9369,0079,4089,4539,4979,7519,7099,6829,6839,7219,828

Documents

Announcements

Annual reports