Panama Petrochem Ltd

Panama Petrochem Ltd

₹ 358 -0.57%
23 Feb - close price
About

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

Key Points

Product Portfolio
The product portfolio includes liquid paraffin oils, petroleum jelly, ink oils, antistatic coning oil, rubber process oils, transformer oils, cable filling compounds, and paraffin wax. [1]

  • Market Cap 2,169 Cr.
  • Current Price 358
  • High / Low 371 / 268
  • Stock P/E 11.7
  • Book Value 168
  • Dividend Yield 2.23 %
  • ROCE 34.9 %
  • ROE 27.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 30.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.6%

Cons

  • Promoter holding has decreased over last quarter: -1.94%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
420 542 551 563 509 508 552 614 573 510 530 574 512
346 461 475 481 442 439 465 525 505 444 471 513 456
Operating Profit 74 81 77 82 68 69 86 89 68 66 58 61 56
OPM % 18% 15% 14% 15% 13% 14% 16% 14% 12% 13% 11% 11% 11%
3 1 1 1 1 3 1 1 1 3 5 4 2
Interest 2 2 2 2 2 1 2 3 3 4 4 4 4
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 73 78 74 79 65 69 83 85 64 63 57 58 52
Tax % 27% 23% 22% 21% 17% 18% 22% 21% 21% 19% 19% 20% 20%
53 60 58 62 54 56 65 67 50 51 46 47 41
EPS in Rs 8.78 9.92 9.60 10.24 8.95 9.29 10.68 11.15 8.29 8.40 7.59 7.76 6.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
584 635 635 805 752 834 1,326 1,269 1,003 1,447 2,132 2,249 2,126
541 614 604 773 704 759 1,219 1,169 950 1,257 1,836 1,940 1,884
Operating Profit 44 20 31 32 48 75 108 100 53 190 296 309 242
OPM % 7% 3% 5% 4% 6% 9% 8% 8% 5% 13% 14% 14% 11%
5 3 1 1 2 4 2 3 4 6 6 7 14
Interest 8 8 6 8 8 9 14 25 17 9 7 12 17
Depreciation 1 2 2 3 5 5 5 6 7 8 8 9 10
Profit before tax 39 13 23 22 37 66 90 72 32 180 286 295 230
Tax % 22% 8% 22% 18% 31% 33% 32% 27% 10% 25% 20% 21%
31 12 18 18 25 44 61 52 29 135 230 233 185
EPS in Rs 4.75 1.84 2.92 2.93 4.16 7.24 10.08 8.58 4.76 22.37 38.08 38.51 30.59
Dividend Payout % 14% 29% 26% 46% 8% 9% 12% 14% 25% 9% 21% 21%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 31%
TTM: -5%
Compounded Profit Growth
10 Years: 35%
5 Years: 31%
3 Years: 101%
TTM: -22%
Stock Price CAGR
10 Years: 34%
5 Years: 29%
3 Years: 26%
1 Year: 17%
Return on Equity
10 Years: 20%
5 Years: 24%
3 Years: 30%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 9 9 8 8 8 8 12 12 12 12 12 12 12
Reserves 216 223 231 241 264 305 359 402 421 549 756 940 1,005
10 22 17 42 57 33 45 160 51 66 30 0 1
257 168 205 207 162 323 559 346 273 366 455 282 259
Total Liabilities 492 422 461 498 492 669 976 919 757 993 1,253 1,235 1,277
58 73 77 119 123 125 134 156 173 185 230 248 232
CWIP 3 6 40 0 0 4 14 11 17 22 5 13 22
Investments 0 0 0 0 2 1 0 0 0 0 5 4 4
430 343 345 379 366 538 828 752 567 785 1,013 970 1,020
Total Assets 492 422 461 498 492 669 976 919 757 993 1,253 1,235 1,277

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
89 -84 30 -12 18 59 34 -78 179 56 170 210
-22 0 -36 -13 -12 -21 -14 -22 -20 -15 -111 -79
49 1 -23 11 -2 -36 -6 81 -136 -1 -67 -96
Net Cash Flow 117 -83 -29 -14 4 2 14 -19 23 40 -9 35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 65 68 96 79 75 80 77 90 91 82 54 57
Inventory Days 107 82 84 86 93 161 145 134 111 122 108 67
Days Payable 179 103 123 97 85 164 173 110 112 110 94 54
Cash Conversion Cycle -7 47 58 68 82 77 49 114 90 94 68 70
Working Capital Days 5 69 67 71 89 80 63 112 95 89 73 77
ROCE % 9% 12% 11% 15% 22% 27% 20% 9% 34% 41% 35%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
71.70% 71.95% 72.13% 71.11% 71.11% 71.11% 70.37% 70.37% 69.87% 69.87% 69.25% 67.30%
1.82% 2.24% 3.35% 3.89% 3.80% 3.69% 2.74% 3.25% 3.20% 3.45% 5.83% 8.31%
0.00% 0.02% 0.02% 0.02% 0.30% 0.17% 0.00% 0.00% 0.00% 0.00% 0.04% 0.01%
26.47% 25.79% 24.50% 24.97% 24.79% 25.03% 26.89% 26.39% 26.93% 26.69% 24.89% 24.36%
No. of Shareholders 13,45319,27025,70625,48730,09326,84226,00225,06824,14824,29126,45627,218

* 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

Concalls