Panasonic Carbon India Co.Ltd share price & results
- Jun 2026
- Jun 2026
Chennai-headquartered manufacturer of carbon rods, supplying battery makers from its Andhra Pradesh factory as part of the Panasonic group.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 11.1 | −30.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.3 | −11.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.3 | −32.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 10.66 | −1.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 19.22 | +4.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -9.34 | −4.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −17.5% 1Y
1Y: ₹497.15 on 16 Sept 2025 → ₹410. High ₹522.15 (4 Feb 2026), low ₹410 (17 Sept 2026).
- Previous close
- ₹411.35
- Market cap
- ₹190 Cr
- 52-week range
- ₹410 – ₹522.15
- One year
- −17.88%
- Price to earnings (TTM to Jun 2026)
- 9.90×
- Return on equity (TTM to Jun 2026)
- 10.66%
Overview
- Symbol
- NSE:PANCARBON
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Panasonic Carbon India Co.Ltd does
Based on the company's own presentations, annual report and earnings calls.
Panasonic Carbon India Co. Limited manufactures carbon rods at its factory in Tada, Tirupati district, Andhra Pradesh. It supplies these carbon rods to battery manufacturers, including fellow Panasonic Group company Panasonic Energy India Co. Ltd (PECIN), and exports them through Panasonic Trading and Logistics Asia Pacific (PTLAP), Singapore, which handles intra-group logistics and supply-chain management for Panasonic companies across the Asia Pacific region. The company operates under technical collaboration with its parent, Panasonic Holdings Corporation, Japan.
Segments
- Carbon Rods
- Manufacturing plants
- 1 (Tada, Tirupati district, Andhra Pradesh)
- Product line
- Carbon rods (single product)
- Quality certifications
- ISO 9001:2015, ISO 14001:2015
- Export destination
- Singapore (via Panasonic Trading and Logistics Asia Pacific, serving Asia Pacific region)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −32% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 13 | 13 | 13 | 16 | 17 | 12 | 10 | 11 |
| Expenses | 9 | 9 | 9 | 10 | 11 | 9 | 7 | 9 |
| Operating profit | 4 | 4 | 4 | 6 | 7 | 3 | 3 | 3 |
| Operating margin | 29.6% | 29.3% | 29.6% | 34.6% | 38.1% | 25.1% | 31.6% | 23.3% |
| Other income | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 7 | 7 | 8 | 10 | 6 | 6 | 6 |
| Tax rate | 25.9% | 25.6% | 25.3% | 25.5% | 39.0% | 23.7% | 26.3% | 25.4% |
| Net profit | 5 | 5 | 5 | 6 | 6 | 4 | 5 | 4 |
| EPS (₹ per share) | 10.38 | 10.40 | 10.17 | 13.12 | 12.33 | 9.27 | 9.50 | 8.88 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 50 | 51 | 54 | 55 |
| Expenses | 39 | 36 | 37 | 37 |
| Operating profit | 11 | 15 | 17 | 18 |
| Other income | 7 | 10 | 12 | 13 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 18 | 25 | 28 | 30 |
| Net profit | 13 | 19 | 21 | 21 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 132 | 139 | 152 | 167 | 174 | 183 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 6 | 5 | 6 | 6 | 9 | 6 |
| Total liabilities | 143 | 149 | 162 | 178 | 187 | 194 |
| Fixed assets | 6 | 5 | 5 | 4 | 4 | 4 |
| Capital work in progress | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 137 | 144 | 158 | 173 | 183 | 189 |
| Total assets | 143 | 149 | 162 | 178 | 187 | 194 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 12 | 8 | 9 | 2 | 8 | 11 |
| Cash from investing | -7 | -2 | -5 | 3 | -1 | -6 |
| Cash from financing | -5 | -6 | -6 | -6 | -6 | -6 |
| Net cash flow | 0 | 1 | -1 | 0 | 1 | -1 |
| Free cash flow | 12 | 8 | 9 | 2 | 8 | 11 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 36 | 38 | 21 | 27 | 33 | 30 |
| Inventory days | 74 | 63 | 51 | 56 | 85 | 98 |
| Days payable | 102 | 60 | 41 | 68 | 69 | 49 |
| Cash conversion cycle | 7 | 41 | 31 | 14 | 48 | 79 |
| Working capital days | 20 | 931 | 662 | 916 | 1011 | 1014 |
| Return on capital employed | 21.0% | 15.0% | 12.0% | 17.0% | 17.0% | 17.0% |
| Dividend payout | 30.0% | 38.0% | 45.0% | 31.0% | 28.0% | 27.0% |
What the price assumes
AttractiveTo justify its price of ₹410, this stock must grow earnings at 8% every year for 7 years. Our analysis caps realistic growth at ~18%. At that growth it is worth ₹710 — upside of 73%.
- Growth the price implies
- 7.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 18.3% a year
- net profit, FY23–FY26 · EPS 18.3%
- The gap
- -0.1 pp
- 73% downside if it only repeats history
Ownership
Who owns it
Promoters hold 63.27% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 63.27%
- Foreign institutions 0.00%
- Public 36.73%
Who is on the register
Named in the Jun 2026 filing
Every holder of Panasonic Carbon India Co.Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 63.27% | unchanged | |
| 1.02% | unchanged |
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.
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