Panama Petrochem Ltd.

BSE: PANAMAPET524820ISIN INE305C01029

Energy
Lubricants
BSE Energy

Share price

₹458.75-6.35 (-1.37%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹600.00
52W low: ₹229.00
Off 52W high: -23.54%
1M return: -4.92%
3M return: +0.60%
6M return: +56.73%
1Y return: +67.49%
20D avg volume: 37,564
50 DMA: ₹479.55
200 DMA: ₹377.86

Key ratios Consolidated

Market cap: ₹2,775 Cr
Current price: ₹458.75
52W high / low: ₹600.00 / ₹229.00
Face value: ₹2.00
P/E: 4.15
P/B: 1.37
EPS (TTM): ₹110.61
Book value / share: ₹333.80
ROE: —
ROCE: 18.10%
Operating margin: —
Net margin: —
Debt / equity: 0.05
Net debt: ₹6.54 Cr
Interest cover: 22.95
Dividend yield: 0.65%
Dividend / share (TTM): ₹3.00
Payout: 2.71%
Cash conversion cycle: 112.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,722	1,735	822.77	775.05	773.22	693.22	695.23	727.97	698.91	670.78	740.97	511.83
	7.55	3.88	2.95	2.82	2.96	4.01	3.79	3.84	2.70	1.94	3.33	2.26
	1,730	1,739	825.72	777.87	776.18	697.23	699.02	731.81	701.61	672.72	744.30	514.09
	1,435	1,356	738.16	720.21	711.44	644.65	643.59	672.84	649.06	611.29	670.56	462.27
	1,061	1,097	587.49	574.69	643.66	552.71	563.06	575.67	545.19	522.81	605.80	427.43
	146.73	185.58	67.65	96.92	0.39	23.11	14.88	41.31	39.06	41.32	8.75	0.23
	32.25	40.33	10.70	9.10	10.35	8.79	16.29	4.75	3.56	3.51	3.41	4.28
	4.91	5.50	3.15	2.39	3.43	2.99	4.55	4.23	5.79	3.58	5.14	4.25
	3.85	3.68	3.64	3.38	3.47	3.30	3.26	3.63	2.74	2.74	2.62	2.40
	142.72	112.88	62.79	49.65	47.96	54.29	47.48	46.06	—	—	—	—
	294.50	382.58	87.56	57.66	64.74	52.58	55.43	58.97	52.55	61.43	73.74	51.82
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	294.50	382.58	87.56	57.66	64.74	52.58	55.43	58.97	52.55	61.43	73.74	51.82
	51.16	73.67	16.48	11.85	11.75	9.96	11.16	10.47	8.46	11.26	12.76	10.46
	243.34	308.91	71.08	45.81	52.99	42.62	44.27	48.50	44.09	50.17	60.98	41.36
	40.22	51.06	11.75	7.57	8.76	7.04	7.32	8.02	7.29	8.29	10.08	6.84
Key metrics
	303.26	391.76	94.35	63.43	71.64	58.87	63.24	66.83	61.08	67.75	81.50	58.47
	17.60%	22.60%	11.50%	8.20%	9.30%	8.50%	9.10%	9.20%	8.70%	10.10%	11.00%	11.40%
	14.10%	17.80%	8.60%	5.90%	6.90%	6.10%	6.40%	6.70%	6.30%	7.50%	8.20%	8.10%
	14.50%	—	6.00%	—	4.90%	—	4.60%	—	—	—	—	—
	122.70%	150.30%	18.30%	6.50%	10.60%	3.30%	-6.20%	42.20%	—	—	—	—
	359.20%	624.80%	60.60%	-5.50%	20.20%	-15.00%	-27.40%	17.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	5,055	3,064	2,793	2,357	2,249	2,132
	17.20	12.74	12.28	14.48	6.58	5.73
	5,073	3,077	2,805	2,371	2,255	2,138
	4,250	2,814	2,577	2,130	1,961	1,852
	3,320	2,359	2,207	1,940	1,733	1,606
	496.88	188.07	136.57	32.07	24.39	22.25
	92.38	38.94	28.11	14.62	24.25	24.02
	15.95	11.96	18.16	17.96	11.57	7.06
	14.55	13.79	12.37	9.83	9.43	8.40
	368.04	214.69	181.72	—	—	151.63
	822.30	262.54	228.38	240.77	294.55	286.26
	0.00	0.00	0.00	0.00	0.00	0.00
	822.30	262.54	228.38	240.77	294.55	286.26
	153.16	50.04	41.35	45.62	61.58	55.92
	669.14	212.50	187.03	195.15	232.97	230.34
	110.60	35.13	30.92	32.26	38.51	38.08
Key metrics
	852.80	288.29	258.91	268.56	315.55	301.72
	16.87%	9.40%	9.30%	11.40%	14.00%	14.10%
	13.24%	6.90%	6.70%	8.30%	10.40%	10.80%
	—	18.10%	19.00%	—	—	—
	74.95%	9.70%	18.50%	4.80%	5.50%	—
	255.21%	13.60%	-4.20%	-16.20%	1.10%	—
	—	-123.70	134.91	—	—	—
	—	-0.33	0.87	—	—	—
	—	0.05	0.00	—	—	—
	—	6.54	-164.56	—	—	—
	—	112.9	91.8	—	—	—
Balance sheet
	—	1,919	1,524	—	—	—
	—	1,493	1,169	—	—	—
	—	71.36	167.05	—	—	—
	—	573.85	503.48	—	—	—
	—	668.64	409.23	—	—	—
	—	129.14	45.79	—	—	—
	—	235.75	232.66	—	—	—
	—	294.29	210.53	—	—	—
	—	404.01	225.73	—	—	—
	—	77.90	2.49	—	—	—
	—	77.90	2.49	—	—	—
	—	0.00	0.00	—	—	—
	—	1,469	1,255	—	—	—
Cash flow
	—	-69.38	162.11	—	—	—
	—	-72.09	-11.86	—	—	—
	—	45.02	-77.86	—	—	—
	—	54.32	27.20	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,038	1,248	550.02	483.94	503.73	424.12	455.82	461.02	445.38	413.50	499.48	371.43
	7.44	4.22	2.54	3.90	2.92	3.76	4.44	3.29	2.37	1.84	1.82	2.76
	1,045	1,252	552.56	487.84	506.65	427.88	460.26	464.31	447.75	415.34	501.30	374.19
	842.69	960.89	489.16	441.92	461.42	389.11	419.84	423.36	414.28	372.24	451.65	333.12
	765.75	854.97	439.59	418.74	417.98	354.06	369.19	382.16	362.71	342.99	403.97	308.47
	3.61	2.98	6.76	2.19	0.02	0.19	6.94	0.96	5.70	0.94	8.75	0.23
	24.19	32.31	7.84	7.79	8.71	7.31	14.89	3.93	2.80	2.85	2.64	3.65
	3.89	2.96	2.31	1.10	2.66	2.23	3.64	2.72	5.14	2.98	4.80	3.93
	2.47	2.35	2.13	2.10	2.19	2.13	2.05	2.00	1.95	1.96	1.82	1.61
	59.44	58.90	27.79	25.92	27.68	23.73	29.06	34.40	29.69	24.94	—	—
	202.75	291.19	63.40	45.92	45.23	38.77	40.42	40.95	33.47	43.10	49.65	41.07
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	202.75	291.19	63.40	45.92	45.23	38.77	40.42	40.95	33.47	43.10	49.65	41.07
	51.16	73.67	16.48	11.85	11.75	9.96	11.16	10.47	8.46	11.26	12.76	10.46
	151.59	217.52	46.92	34.07	33.48	28.81	29.26	30.48	25.01	31.84	36.89	30.61
	25.06	35.95	7.76	5.63	5.53	4.76	4.84	5.04	4.13	5.26	6.10	5.06
Key metrics
	209.11	296.50	67.84	49.12	50.08	43.13	46.11	45.67	40.56	48.04	56.27	46.61
	20.10%	23.80%	12.30%	10.20%	9.90%	10.20%	10.10%	9.90%	9.10%	11.60%	11.30%	12.50%
	14.60%	17.40%	8.50%	7.00%	6.60%	6.80%	6.40%	6.60%	5.60%	7.70%	7.40%	8.20%
	14.40%	—	6.20%	—	4.80%	—	4.70%	—	—	—	—	—
	106.10%	194.20%	20.70%	5.00%	13.10%	2.60%	-8.70%	24.10%	—	—	—	—
	352.80%	655.00%	60.40%	11.80%	33.90%	-9.50%	-20.70%	-0.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,320	1,962	1,776	1,725	1,708	1,540
	18.10	13.12	11.94	9.76	6.22	5.55
	3,338	1,975	1,788	1,735	1,714	1,545
	2,735	1,782	1,630	1,558	1,472	1,318
	2,479	1,630	1,457	1,414	1,304	1,137
	15.54	9.16	14.54	32.07	24.39	22.25
	72.13	31.65	24.47	11.61	21.03	20.19
	10.26	8.30	14.48	16.72	10.10	4.24
	9.05	8.55	7.96	6.63	6.10	5.44
	172.05	105.12	118.09	—	—	111.68
	603.26	193.32	157.94	176.87	242.15	227.32
	0.00	0.00	0.00	—	—	—
	603.26	193.32	157.94	176.87	242.15	227.32
	153.16	50.04	41.35	45.62	61.58	55.92
	450.10	143.28	116.59	131.25	180.57	171.40
	74.40	23.69	19.27	21.70	29.85	28.33
Key metrics
	622.57	210.17	180.38	200.22	258.35	237.00
	18.75%	10.70%	10.20%	11.60%	15.10%	15.40%
	13.56%	7.30%	6.60%	7.60%	10.60%	11.10%
	—	18.90%	18.20%	—	—	—
	79.97%	10.50%	2.90%	1.00%	11.00%	—
	268.84%	22.90%	-11.20%	-27.30%	5.40%	—
	—	-13.39	56.01	—	—	—
	—	0.10	0.67	—	—	—
	—	0.05	0.00	—	—	—
	—	19.89	-30.47	—	—	—
	—	123.6	110.4	—	—	—
Balance sheet
	—	1,411	1,144	—	—	—
	—	1,043	809.94	—	—	—
	—	32.28	32.96	—	—	—
	—	472.74	395.17	—	—	—
	—	465.01	326.02	—	—	—
	—	48.46	36.64	—	—	—
	—	199.80	194.13	—	—	—
	—	273.84	183.90	—	—	—
	—	345.47	198.13	—	—	—
	—	52.17	2.49	—	—	—
	—	52.17	2.49	—	—	—
	—	0.00	0.00	—	—	—
	—	1,053	932.62	—	—	—
Cash flow
	—	14.56	77.70	—	—	—
	—	-38.96	-33.09	—	—	—
	—	22.96	-73.75	—	—	—
	—	27.95	21.69	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +4.72%
Sales CAGR 5Y: —
Profit CAGR 3Y: -7.42%
Profit CAGR 5Y: —
Sales YoY (TTM): +79.97%
Profit YoY (TTM): +268.84%

Consolidated

Sales CAGR 3Y: +10.87%
Sales CAGR 5Y: —
Profit CAGR 3Y: -3.02%
Profit CAGR 5Y: —
Sales YoY (TTM): +74.95%
Profit YoY (TTM): +255.21%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 63.16%

Quarter	September 2026	June 2026
Promoter %	63.16%	63.16%

Holder	Type	Holding	Previous	Change
AMIN AMIRALI RAYANI	Promoter Group	8.04%	8.04%	0.00%
ITTEFAQ ICE AND COLD STORAGE COMPANY PRIVATE LIMITED	Promoter Group	7.60%	7.60%	0.00%
ARIF AMIRALI RAYANI	Promoter Group	6.07%	6.07%	0.00%
SHELINA ARIF RAYANI	Promoter Group	5.27%	5.27%	0.00%
PANAMA BUILDERS DEVELOPERS PVT LTD	Promoter Group	4.66%	4.66%	0.00%
BEGUMBANU AKBERALI RAYANI	Promoter Group	4.14%	4.14%	0.00%
CONNECOR INVESTMENT ENTERPRISE LTD	Public	3.72%	3.72%	0.00%
SAMIR AKBARALI RAYANI	Promoter Group	3.32%	3.32%	0.00%
ALLSTARS INVESTMENTS LIMITED	Public	3.19%	2.82%	+0.37%
CHEMNIE AMIN RAYANI	Promoter Group	3.07%	3.07%	0.00%
IQBAL VAZIRALI RAYANI	Promoter Group	3.03%	3.03%	0.00%
LGOF GLOBAL OPPORTUNITIES LIMITED	Public	2.87%	2.87%	0.00%
AKBARALI ESSABHI RAYANI	Promoter	2.64%	2.64%	0.00%
SAPNA SAMIR RAYANI	Promoter Group	2.52%	2.52%	0.00%
SALIM ESSABHAI RAYANI	Promoter	2.52%	2.52%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Castrol India Ltd S	19,283	194.95	19.08	—	+16.96% TTM	+3.51% TTM	+0.62%
Gulf Oil Lubricants India Limited	5,379	1,085.50	13.41	30.90%	+24.69% TTM	+8.62% TTM	-14.22%
Savita Oil Technologies Limited	4,633	675.80	7.92	14.30%	+36.62% TTM	+323.33% TTM	+69.99%
Panama Petrochem Ltd.	2,775	458.75	4.15	18.10%	+74.95% TTM	+255.21% TTM	+67.49%
Gandhar Oil Refinery (India) Limited	2,641	269.80	5.70	13.80%	+48.58% TTM	+370.29% TTM	+101.72%
VEEDOL CORPORATION LIMITED	2,470	1,417.65	11.23	19.30%	+12.89% TTM	+21.27% TTM	-19.83%
GP Petroleums Limited S	327	64.13	6.41	10.20%	+43.65% TTM	+87.57% TTM	+59.93%
Greenhitech Ventures Limited	42	32.60	—	1.50%	—	—	-71.84%

Filings & corporate actions

Recent announcements

please find attached herewith the results for the quarter / half year ended September 30. 20264 Nov 2026 · Result / Financial Results
Panama Petrochem Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the standalone and consolidated ....21 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed announcement pertaining to Credit Rating.12 Oct 2026 · Company Update / Credit Rating
Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 is enclosed herewith.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation regarding closure of Trading Window is enclosed herewith.23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached Voting Results.25 Aug 2026 · AGM/EGM / AGM
Please find attached proceeding of the AGM along with the Scrutinizer''s Report24 Aug 2026 · AGM/EGM / AGM
Please find attached the Financial results for the quarter ended June 30, 202612 Aug 2026 · Result / Financial Results
Panama Petrochem Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve the standalone and consolidate ....29 Jul 2026 · Board Meeting / Board Meeting
Please find enclosed Newspaper Clippings29 Jul 2026 · Company Update / General
Please find enclosed herewith the intimation under Regulation 30 (LODR).28 Jul 2026 · Company Update / General
Please find enclosed BRSR for the FY ended March 31, 2026.28 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find attached Annual Report for the FY 2025-26.28 Jul 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed Newspaper Clippings.24 Jul 2026 · Company Update / General
Intimation of AGM and Record Date is enclosed herewith.16 Jul 2026 · Corp. Action / Record Date
Please find enclosed announcement under Regulation 30 (LODR).16 Jul 2026 · Company Update / Newspaper Publication
Please find attached herewith the Compliance Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018.10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement under Regulation 306 Jul 2026 · Company Update / General
Announcement under Regulation 306 Jul 2026 · Company Update / General
Announcement under Regulation 302 Jul 2026 · Company Update / General
Clarification to the email received regarding Price Movement.23 Jun 2026 · Company Update / General
The Exchange has sought clarification from Panama Petrochem Ltd on June 22, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....22 Jun 2026 · Company Update / Clarification
Clarification to the e-mail received regarding increase in volume.19 Jun 2026 · Company Update / General
The Exchange has sought clarification from Panama Petrochem Ltd on June 19, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.19 Jun 2026 · Company Update / Clarification
Intimation regarding closure of trading window is enclosed herewith.19 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
outcome of board meeting29 May 2026 · Result / Financial Results
Please find enclosed announcement pertaining to Credit Ratings15 May 2026 · Company Update / Credit Rating
Panama Petrochem Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve and take on record the standalone ....13 May 2026 · Board Meeting / Board Meeting
Please find attached herewith the Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018.8 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed intimation regarding closure of trading window.24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....10 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amirali Essabhai Rayani6 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amin Amirali Rayani6 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amin Amirali Rayani6 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....17 Feb 2026 · Insider Trading / SAST / Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Reg. 2011
Outcome of Board Meeting10 Feb 2026 · Board Meeting / Outcome of Board Meeting
Panama Petrochem Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2026 ,inter alia, to consider and approve the standalone and consolidated ....28 Jan 2026 · Board Meeting / Board Meeting
Please find enclosed Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018.8 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Clarification to the e-mail received by BSE regarding increase in volume.2 Jan 2026 · Company Update / General
The Exchange has sought clarification from Panama Petrochem Ltd on January 2, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.2 Jan 2026 · Company Update / Clarification

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 3.0000	17 Aug 2026	17 Aug 2026	—
Final Dividend - Rs. - 3.0000	2 Sep 2025	2 Sep 2025	—
Interim Dividend - Rs. - 2.0000	22 Nov 2024	22 Nov 2024	—
Final Dividend - Rs. - 4.0000	22 Aug 2024	22 Aug 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results