Panama Petrochem Ltd

₹ 406 14.34%
25 Nov - close price
panamapetro.com BSE: 524820 NSE : PANAMAPET
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]

Website BSE NSE
  • Market Cap ₹ 2,458 Cr.
  • Current Price ₹ 406
  • High / Low ₹ 412 / 212
  • Stock P/E 10.1
  • Book Value ₹ 144
  • Dividend Yield 1.97 %
  • ROCE 41.2 %
  • ROE 34.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 39.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.4%
  • Debtor days have improved from 75.8 to 54.4 days.

Cons

  • Promoter holding has decreased over last quarter: -0.75%

* 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

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
260 241 232 160 325 420 542 551 563 509 508 552 614
247 228 221 151 298 346 461 475 481 442 439 465 525
Operating Profit 13 13 11 9 27 74 81 77 82 68 69 86 89
OPM % 5% 5% 5% 6% 8% 18% 15% 14% 15% 13% 14% 16% 14%
1 1 1 1 1 3 1 1 1 1 3 1 1
Interest 6 4 2 3 2 2 2 2 2 2 1 2 3
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 6 8 8 5 24 73 78 74 79 65 69 83 85
Tax % -34% 16% 16% 20% 24% 27% 23% 22% 21% 17% 18% 22% 21%
Net Profit 8 6 6 4 18 53 60 58 62 54 56 65 67
EPS in Rs 1.38 1.05 1.05 0.62 3.05 8.78 9.92 9.60 10.24 8.95 9.29 10.68 11.15
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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 TTM
584 635 635 805 752 834 1,326 1,269 1,003 1,447 2,132 2,183
541 614 604 773 704 759 1,219 1,169 950 1,257 1,836 1,871
Operating Profit 44 20 31 32 48 75 108 100 53 190 296 312
OPM % 7% 3% 5% 4% 6% 9% 8% 8% 5% 13% 14% 14%
5 3 1 1 2 4 2 3 4 6 6 6
Interest 8 8 6 8 8 9 14 25 17 9 7 8
Depreciation 1 2 2 3 5 5 5 6 7 8 8 9
Profit before tax 39 13 23 22 37 66 90 72 32 180 286 302
Tax % 22% 8% 22% 18% 31% 33% 32% 27% 10% 25% 20%
Net Profit 31 12 18 18 25 44 61 52 29 135 230 242
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 40.07
Dividend Payout % 14% 29% 26% 46% 8% 9% 12% 14% 25% 9% 21%
Compounded Sales Growth
10 Years: 14%
5 Years: 21%
3 Years: 19%
TTM: 5%
Compounded Profit Growth
10 Years: 22%
5 Years: 40%
3 Years: 64%
TTM: 4%
Stock Price CAGR
10 Years: 37%
5 Years: 14%
3 Years: 89%
1 Year: 62%
Return on Equity
10 Years: 17%
5 Years: 22%
3 Years: 25%
Last Year: 35%

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 Sep 2022
9 9 8 8 8 8 12 12 12 12 12 12
Reserves 216 223 231 241 264 305 359 402 421 549 756 856
10 22 17 42 57 33 45 160 51 66 30 1
257 168 205 207 162 323 559 346 273 366 455 414
Total Liabilities 492 422 461 498 492 669 976 919 757 993 1,253 1,283
58 73 77 119 123 125 134 156 173 185 230 243
CWIP 3 6 40 0 0 4 14 11 17 22 5 11
Investments 0 0 0 0 2 1 0 0 0 0 5 5
430 343 345 379 366 538 828 752 567 785 1,013 1,023
Total Assets 492 422 461 498 492 669 976 919 757 993 1,253 1,283

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
89 -84 30 -12 18 59 34 -78 179 56 170
-22 0 -36 -13 -12 -21 -14 -22 -20 -15 -111
49 1 -23 11 -2 -36 -6 81 -136 -1 -67
Net Cash Flow 117 -83 -29 -14 4 2 14 -19 23 40 -9

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

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
72.82 70.12 68.99 71.27 73.34 71.70 71.95 72.13 71.11 71.11 71.11 70.37
0.52 0.50 2.09 2.15 1.61 1.82 2.24 3.35 3.89 3.80 3.69 2.74
0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.30 0.17 0.00
26.64 29.38 28.92 26.58 25.05 26.47 25.79 24.50 24.97 24.79 25.03 26.89

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