PANAMAPET
Panama Petrochem share price & financials
- Price
- ₹483.25
- Market cap
- ₹2.9k Cr
- Sector
- Oil, Gas & Consumable Fuels
What Panama Petrochem Limited does
Panama Petrochem Limited manufactures specialty petroleum products derived from crude-oil derivatives, including liquid paraffin (white oil), petroleum jelly, transformer oil, rubber process oils and textile auxiliaries, serving industries such as printing, textiles, rubber, pharmaceuticals and cosmetics. The company runs four manufacturing units in India plus an international facility in Ras Al Khaimah, UAE through its wholly-owned subsidiary Panol Industries RMC FZE, and exports to markets across the Middle East, Africa, Europe, the Americas and South East Asia. Product development is supported by an in-house, DSIR-approved R&D centre at its Ankleshwar plant.
- Manufacturing footprint
- 4 manufacturing units in India plus 1 unit in UAE (via subsidiary)
- Specialty product range
- 80+ specialty products
- International subsidiary
- Panol Industries RMC FZE, Ras Al Khaimah, UAE
- R&D centre
- DSIR-approved in-house R&D centre at Ankleshwar, Gujarat
- Export markets
- USA, UK, Europe, Middle East, Africa, Central/Latin America and South East Asia
- Stock exchange listings
- BSE, NSE and Luxembourg Stock Exchange (GDRs)
Quarterly results
Q1 FY27: revenue up 194.3%, net profit up 651.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 445 | 461 | 456 | 424 | 504 +13% | 484 +5% | 550 +21% | 1,248 +194% |
| EBITDA | 38 | 42 | 42 | 39 | 47 +24% | 45 +7% | 65 +55% | 292 +649% |
| Net profit | 25 | 30 | 29 | 29 | 33 +32% | 34 +13% | 47 +62% | 218 +652% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +60.5% 1Y
1Y: ₹301 on 10 Sept 2025 → ₹483.15. High ₹545.5 (11 Aug 2026), low ₹232.1 (30 Mar 2026).
Financials, as filed
Revenue fell 4.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 10.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.2k Cr | ₹1.7k Cr | ₹1.8k Cr | ₹2.0k Cr |
| Operating profit | ₹309 Cr | ₹189 Cr | ₹168 Cr | ₹196 Cr |
| Operating margin | 13.7% | 11.0% | 9.5% | 10.0% |
| Interest | ₹12 Cr | ₹17 Cr | ₹15 Cr | ₹8 Cr |
| Depreciation | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Net profit | ₹233 Cr | ₹132 Cr | ₹116 Cr | ₹143 Cr |
| Net margin | 10.4% | 7.7% | 6.5% | 7.3% |
| Cash from operations | ₹144 Cr | ₹-32 Cr | ₹78 Cr | ₹15 Cr |
| Free cash flow | ₹110 Cr | ₹-81 Cr | ₹56 Cr | ₹-13 Cr |
| ROCE | 36.0% | 23.0% | 19.0% | 20.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹487 Cr | ₹634 Cr | ₹759 Cr | ₹843 Cr | ₹1.3k Cr | ₹1.0k Cr |
| Borrowings | ₹8 Cr | ₹0 Cr | ₹0 Cr | ₹26 Cr | ₹31 Cr | ₹52 Cr |
| Other liabilities | ₹304 Cr | ₹447 Cr | ₹269 Cr | ₹250 Cr | ₹262 Cr | ₹306 Cr |
| Total liabilities | ₹812 Cr | ₹1.1k Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.6k Cr | ₹1.4k Cr |
| Fixed assets | ₹124 Cr | ₹171 Cr | ₹191 Cr | ₹245 Cr | ₹310 Cr | ₹257 Cr |
| Capital work in progress | ₹22 Cr | ₹5 Cr | ₹13 Cr | ₹1 Cr | ₹44 Cr | ₹17 Cr |
| Investments | ₹52 Cr | ₹57 Cr | ₹56 Cr | ₹54 Cr | ₹42 Cr | ₹86 Cr |
| Other assets | ₹613 Cr | ₹860 Cr | ₹780 Cr | ₹831 Cr | ₹1.2k Cr | ₹1.1k Cr |
| Total assets | ₹812 Cr | ₹1.1k Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.6k Cr | ₹1.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.94 pp while the public trimmed −0.92 pp. The shareholder count grew 8% to 26,973.
- Promoters
- 63.2%
- FIIs
- 11.7%
- DIIs
- 0.7%
- Public
- 24.4%
Since Jun 2025
- Promoters +0.94 pp
- Public −0.92 pp
- FIIs −0.35 pp
How it drifted, 12 quarters
Over this window promoters fell from 69.3% to 63.2% — −6.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 69.3%, FIIs 5.8%, DIIs 0.0%, Public 24.9%.Dec '23: Promoters 67.3%, FIIs 8.3%, DIIs 0.0%, Public 24.4%.Mar '24: Promoters 65.8%, FIIs 10.0%, DIIs 0.0%, Public 24.1%.Jun '24: Promoters 61.9%, FIIs 14.9%, DIIs 0.3%, Public 22.9%.Sep '24: Promoters 61.9%, FIIs 14.7%, DIIs 0.1%, Public 23.3%.Dec '24: Promoters 61.9%, FIIs 15.8%, DIIs 0.1%, Public 22.2%.Mar '25: Promoters 61.9%, FIIs 12.4%, DIIs 0.3%, Public 25.3%.Jun '25: Promoters 62.2%, FIIs 12.1%, DIIs 0.3%, Public 25.4%.Sep '25: Promoters 62.5%, FIIs 12.0%, DIIs 0.5%, Public 25.0%.Dec '25: Promoters 63.2%, FIIs 11.3%, DIIs 0.7%, Public 24.9%.Mar '26: Promoters 63.2%, FIIs 11.3%, DIIs 0.7%, Public 24.9%.Jun '26: Promoters 63.2%, FIIs 11.7%, DIIs 0.7%, Public 24.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Allstars Investments Limited FPI fund +1.19 pp 2.82% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Panama Petrochem Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Amin Amirali Rayani | 8.04% | unchanged |
| Ittefaq Ice And Cold Storage Company Private Limited | 7.60% | unchanged |
| Arif Amirali Rayani | 6.07% | unchanged |
| Shelina Arif Rayani | 5.27% | unchanged |
| Panama Builders Developers Pvt Ltd | 4.66% | unchanged |
| Begumbanu Akberali Rayani | 4.14% | unchanged |
| Connecor Investment Enterprise Ltd | 3.72% | unchanged |
| Samir Akbarali Rayani | 3.32% | unchanged |
| Chemnie Amin Rayani | 3.07% | unchanged |
| Iqbal Vazirali Rayani | 3.03% | unchanged |
| Lgof Global Opportunities Limited FPI fund | 2.87% | −0.66 pp |
| Allstars Investments Limited FPI fund | 2.82% | +1.19 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Panama Petrochem Limited
Guides on how to read this kind of business and the numbers that matter.