Panama Petrochem Ltd

₹ 314 -2.56%
27 Jan - close price
About

Panama Petrochem Limited is engaged in the business of manufacturing and exporting various kinds of Petroleum specialities. [1]

Key Points

Products
The Co manufactures White Oils, Petroleum Jelly, Transformer Oils, Ink & Coating Oils, Rubber Process Oils, Knitting Oils & Antistatic Coning Oils, Industrial Oils & Lubricants and Drilling Fluids. [1]

  • Market Cap 1,898 Cr.
  • Current Price 314
  • High / Low 425 / 212
  • Stock P/E 10.4
  • Book Value 118
  • Dividend Yield 2.55 %
  • ROCE 40.2 %
  • ROE 29.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 33.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.0%
  • Debtor days have improved from 79.1 to 62.8 days.

Cons

* 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: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
220 188 183 126 280 362 434 426 424 343 346 436 462
211 180 177 120 255 292 361 362 357 293 295 362 390
Operating Profit 9 8 6 6 24 70 73 64 67 50 51 74 73
OPM % 4% 4% 3% 5% 9% 19% 17% 15% 16% 15% 15% 17% 16%
1 1 1 1 1 3 1 1 1 1 3 1 1
Interest 5 3 2 2 1 1 1 1 1 1 1 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 4 4 4 3 22 70 72 62 66 48 51 72 70
Tax % -48% 28% 29% 29% 26% 28% 25% 26% 25% 22% 24% 26% 25%
Net Profit 7 3 3 2 17 51 54 46 49 38 38 54 52
EPS in Rs 1.08 0.53 0.48 0.39 2.75 8.37 8.89 7.64 8.12 6.21 6.36 8.91 8.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
464 584 635 591 730 665 725 1,170 1,078 813 1,202 1,540 1,588
410 541 614 564 703 625 657 1,073 999 777 1,031 1,308 1,341
Operating Profit 54 44 20 27 26 40 68 97 79 36 172 231 247
OPM % 12% 7% 3% 5% 4% 6% 9% 8% 7% 4% 14% 15% 16%
4 5 3 1 1 2 4 1 3 4 7 6 6
Interest 5 8 8 6 7 7 7 12 20 13 6 4 6
Depreciation 2 1 2 2 3 3 3 3 4 5 5 5 6
Profit before tax 50 39 13 20 18 32 63 84 58 22 168 227 242
Tax % 27% 22% 8% 25% 22% 36% 35% 35% 34% 16% 26% 25%
Net Profit 37 31 12 15 14 20 41 54 38 18 123 171 182
EPS in Rs 8.37 4.75 1.84 2.44 2.27 3.34 6.77 8.99 6.28 3.01 20.40 28.33 30.15
Dividend Payout % 8% 14% 29% 31% 59% 10% 10% 13% 19% 40% 10% 28%
Compounded Sales Growth
10 Years: 10%
5 Years: 16%
3 Years: 13%
TTM: -4%
Compounded Profit Growth
10 Years: 19%
5 Years: 34%
3 Years: 65%
TTM: -9%
Stock Price CAGR
10 Years: 33%
5 Years: 8%
3 Years: 68%
1 Year: 5%
Return on Equity
10 Years: 15%
5 Years: 20%
3 Years: 23%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
6 9 9 8 8 8 8 12 12 12 12 12 12
Reserves 132 216 223 226 230 247 286 332 361 370 487 634 703
8 10 22 17 24 29 13 30 105 2 8 0 1
196 257 168 189 198 155 269 524 305 236 304 447 388
Total Liabilities 342 492 422 439 460 440 576 897 783 620 812 1,093 1,104
57 58 73 77 76 79 82 91 110 115 124 171 185
CWIP 1 3 0 0 0 0 4 12 11 17 22 5 11
Investments 0 0 27 52 52 54 53 52 52 52 52 57 57
284 430 322 311 332 306 437 742 610 436 613 860 851
Total Assets 342 492 422 439 460 440 576 897 783 620 812 1,093 1,104

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
22 80 -63 22 -5 20 36 29 -47 166 31 151
-6 -12 -21 -29 -3 -7 -9 -15 -20 -14 -13 -110
-18 49 1 -23 -5 -12 -25 0 47 -126 -7 -37
Net Cash Flow -2 117 -83 -29 -14 1 2 15 -21 26 11 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 71 65 68 82 74 74 89 87 89 86 89 63
Inventory Days 145 107 82 91 87 86 142 147 127 102 106 139
Days Payable 172 180 103 120 102 92 157 185 115 117 114 133
Cash Conversion Cycle 44 -8 47 53 59 68 74 49 102 71 81 69
Working Capital Days 47 5 58 62 63 78 80 62 104 78 84 71
ROCE % 42% 25% 9% 10% 10% 14% 23% 28% 18% 8% 39% 40%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
70.12 68.99 71.27 73.34 71.70 71.95 72.13 71.11 71.11 71.11 70.37 70.37
0.50 2.09 2.15 1.61 1.82 2.24 3.35 3.89 3.80 3.69 2.74 3.25
0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.30 0.17 0.00 0.00
29.38 28.92 26.58 25.05 26.47 25.79 24.50 24.97 24.79 25.03 26.89 26.39

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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