| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,735 | 693 | +150.3% |
| EBITDA | 388 | 54.9 | +607.0% |
| EBITDA margin | 22.4% | 7.9% | +14.4 pts |
| Profit before tax | 383 | 52.6 | +627.6% |
| Net profit | 309 | 42.6 | +624.8% |
| EPS | ₹51.06 | ₹7.04 | +625.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,758 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 71.4 | 71.4 | 167 | 94.6 | 96.5 | ||
| 77.9 | 77.9 | 2.5 | 25.5 | 0.0 | ||
| 2,765 | — | — | — | — | ||
| 4,106 | 3,064 | 2,793 | 2,357 | 2,249 | ||
| — | +9.7% | +18.5% | +4.8% | — | ||
| 609 | 276 | 247 | 254 | 309 | ||
| 14.8% | 9.0% | 8.8% | 10.8% | 13.7% | ||
| 594 | 262 | 234 | 244 | 300 | ||
| 479 | 213 | 187 | 195 | 233 | ||
| 11.7% | 6.9% | 6.7% | 8.3% | 10.4% | ||
| ₹79.14 | ₹35.12 | ₹30.91 | ₹32.26 | ₹38.51 | ||
| — | +13.6% | −4.2% | −16.2% | — | ||
| — | −69.4 | 162 | −28.0 | 210 | ||
| — | −54.3 | −27.2 | −49.3 | −35.3 | ||
| −124 | −124 | 135 | −77.3 | 174 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,758.2 | |
| - Cash, Equiv & ST Investments | 96.5 | 94.6 | 167.1 | 71.4 | 71.4 | |
| + Total Debt | 0.0 | 25.5 | 2.5 | 77.9 | 77.9 | |
| Enterprise Value | — | — | — | — | 2,764.7 | |
| Revenue | 2,248.7 | 2,356.7 | 2,792.9 | 3,064.3 | 4,106.2 | |
| Growth %, YoY | — | +4.8 | +18.5 | +9.7 | — | |
| EBITDA | 309.0 | 254.1 | 246.6 | 275.6 | 608.6 | |
| Margin % | 13.74 | 10.78 | 8.83 | 8.99 | 14.82 | |
| EBIT | 299.5 | 244.3 | 234.3 | 261.8 | 594.4 | |
| Net Income | 233.0 | 195.2 | 187.0 | 212.5 | 478.8 | |
| Margin % | 10.36 | 8.28 | 6.70 | 6.93 | 11.66 | |
| EPS, Adj (current shares) | 38.51 | 32.26 | 30.91 | 35.12 | 79.14 | |
| Growth %, YoY | — | -16.2 | -4.2 | +13.6 | — | |
| Cash from Operations | 209.5 | -28.0 | 162.1 | -69.4 | — | |
| Capital Expenditures | -35.3 | -49.3 | -27.2 | -54.3 | — | |
| Free Cash Flow | 174.2 | -77.3 | 134.9 | -123.7 | -123.7 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Panama Petrochem (NSE: PANAMAPET) had a market capitalisation of ₹2,726 crore at the 30 October 2026 close (₹450.60 a share), a PE ratio of 5.7 on the last four quarters' profit and a price-to-book ratio of 1.86. In FY26 its consolidated net profit was ₹213 crore on revenue of ₹3,064 crore; in Q1 FY27 (April–June 2026) it was ₹309 crore, up 624.8% year on year. Its debt-to-equity ratio was 0.05 on 31 March 2026. Promoters held 63.16% of the shares on 30 September 2026.
Panama Petrochem's PE ratio is 5.7 at the 30 October 2026 close (₹450.60 a share): a market capitalisation of ₹2,726 crore divided by consolidated net profit of ₹479 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹213 crore) it is 12.8.
Panama Petrochem's debt-to-equity ratio was 0.05 on 31 March 2026: borrowings of ₹77.9 crore against total equity of ₹1,469 crore. A year earlier, on 31 March 2025, it was 0.00.
Panama Petrochem's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,469 crore on 31 March 2026, up 17.0% from ₹1,255 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,726 crore at the 30 October 2026 close.
Panama Petrochem's price-to-book (PB) ratio is 1.86 at the 30 October 2026 close: a market capitalisation of ₹2,726 crore divided by shareholders' equity (book value) of ₹1,469 crore on 31 March 2026. That is a book value of ₹242.76 per share against a share price of ₹450.60.
In FY26, Panama Petrochem's return on equity (ROE) was 15.6% and its return on capital employed (ROCE) was 18.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 15.9% and ROCE 19.4%.
Panama Petrochem's book value per share was ₹242.76 on 31 March 2026: shareholders' equity of ₹1,469 crore divided by the 6.05 crore shares in issue, up 17.0% from ₹207.44 a year earlier. The share price at the 30 October 2026 close was ₹450.60.
Panama Petrochem's market capitalisation was ₹2,726 crore at the 30 October 2026 close: 6.05 crore shares at ₹450.60 each.
No. Panama Petrochem had borrowings of ₹77.9 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.05. Its cash and current investments were ₹82.4 crore, so it held net cash of ₹4.5 crore.
In 2026, Panama Petrochem has declared one dividend: ₹3 with record date 17 August 2026.
Panama Petrochem's basic earnings per share (EPS) were ₹35.13 in FY26, against ₹30.92 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹79.14.
Promoters held 63.16% of Panama Petrochem on 30 September 2026, unchanged from the previous quarter and up 0.64 percentage points from 62.52% a year earlier, according to the shareholding pattern filed with NSE.
Panama Petrochem will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
Panama Petrochem's dividend yield is 0.67% at the 30 October 2026 close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹450.60. They were ₹3 on 17 August 2026.
In FY26, Panama Petrochem generated ₹69.4 crore of cash from operations and spent ₹54.3 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹124 crore. In FY25 it was ₹135 crore.
Panama Petrochem's latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹309 crore, up 624.8% from ₹42.6 crore in Q1 FY26; revenue from operations ₹1,735 crore, up 150.3% year on year.
On 30 September 2026, Panama Petrochem's shares were held by promoters 63.16%, foreign portfolio investors (FII/FPI) 11.13%, domestic institutions (DII) 0.01% and retail and other non-institutional investors 25.71%. Over the year, FII holding was down 0.90 percentage points from 12.03% and DII holding was down 0.46 percentage points from 0.47%.
In FY26 (April 2025–March 2026), Panama Petrochem's consolidated net profit was ₹213 crore, up 13.6% from ₹187 crore in FY25, on revenue from operations of ₹3,064 crore (up 9.7%). Over three years, from FY23, net profit was down 8.8%.
At the 30 October 2026 closing prices, on FY26 net profit, Panama Petrochem's PE ratio is 12.8, the third highest of the four: Veedol Corporation 11.9, Gandhar Oil Refinery 18.1 and Savita Oil Technologies 24.5, a peer average of 18.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Veedol Corporation, Gandhar Oil Refinery and Savita Oil Technologies: Panama Petrochem's operating margin of 8.5% is the second highest of the four (Veedol Corporation 8.9%, Gandhar Oil Refinery 4.8%, Savita Oil Technologies 5.0%; peer average 6.2%); its return on equity of 15.6% is the second highest of the four (Veedol Corporation 19.7%, Gandhar Oil Refinery 10.5%, Savita Oil Technologies 10.5%; peer average 13.5%).
In FY26, Panama Petrochem earned net profit of ₹213 crore on revenue of ₹3,064 crore, against ₹192 crore on ₹2,169 crore for Veedol Corporation. Panama Petrochem's operating margin was 8.5% (Veedol Corporation 8.9%) and its return on equity 15.6% (Veedol Corporation 19.7%). At the 30 October 2026 close, Panama Petrochem's market capitalisation was ₹2,726 crore against ₹2,271 crore for Veedol Corporation, and its PE ratio on FY26 profit 12.8 against 11.9.
From Panama Petrochem's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.