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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Panama Petrochem Limited is an India-based company engaged in the manufacture of specialty petroleum products for diverse user industries, such as printing, textiles, rubber, pharmaceuticals, cosmetics, power, and other industrial oil. The Company’s diverse range of products…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, priced for perfection — but flagged on governance.
Panama Petrochem is scored on the general / industrial framework. It keeps a slim 6.9% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.33×) — worth a closer look. Free cash flow is worth about -5.3% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at -3%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is an elite 33.1%. In the latest quarter profit grew 335% versus the prior quarter.
At 12× earnings, the stock sits at the 85th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price asks for only ~-15%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: Only ₹0.33 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 3.97 | 9.23 | better |
| P/B | 1.31 | 2.81 | better |
| EV/EBITDA | 2.92 | 6.24 | better |
| ROE | 33.13 | 25.66 | better |
| ROCE | 39.81 | 32.68 | better |
| ROA | 26.32 | 18.9 | better |
| Quick Ratio | 2.04 | 1.75 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Supreme Petrochem | 24.4 | 5.1 | 20.8% |
| Savita Oil Techno | 7.9 | 2.0 | 25.7% |
| Styrenix Performance | 13.0 | 2.2 | 16.9% |
Revenue has grown every year across all 4 financial years shown. 11% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (11% vs -3%) — costs are rising faster than the top line.
Operating margin has compressed from 13% to 9% — costs or competition are eating into profitability. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 14% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 10pp.
-3% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 111% sequentially — momentum is building. Wide quarterly swings (55% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 65% above earlier ones.
Profit jumped 335% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (7% → 18%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 63.2% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.