Panama Petrochem Limited (PANAMAPET) AI Stock Analysis

• Market Cap: ₹18.24B
• Dividend Yield: 1.63%
• Average Volume (3M): 9.43K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 1.22
• Revenue Growth: 10.19%
• EPS Growth: -4.18%
• Country: IN
• Employees: 164
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 8.76
• Shares Outstanding: 60,493,600
• 10 Day Avg. Volume: 25,204
• 30 Day Avg. Volume: 9,428
• PEG Ratio: -2.96
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 0.82
• P/FCF Ratio: 17.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 4,172.26
• Revenue Forecast (FY): ₹2.54T

• Rating: 66 Neutral
• Price Target: ₹320.00 ▲(17.84% Upside)

Panama Petrochem Limited's overall stock score is driven by its strong financial performance, characterized by consistent revenue growth and a solid capital structure. However, the technical analysis indicates bearish momentum, with the stock trading below key moving averages and showing oversold conditions. The valuation suggests potential undervaluation with a low P/E ratio and a decent dividend yield, which partially offsets the negative technical outlook.

Panama Petrochem Limited Business Overview & Revenue Model

Company Description

Panama Petrochem Limited (PANAMAPET) is a prominent player in the petroleum and petrochemical sector, with a diverse portfolio focused on manufacturing and supplying a wide range of specialty chemicals and petroleum products. The company operates in sectors such as lubricants, greases, and industrial chemicals, catering to various industries including automotive, manufacturing, and construction. PANAMAPET is recognized for its commitment to quality and innovation, providing products that meet international standards.

How the Company Makes Money

Panama Petrochem Limited generates revenue primarily through the production and sale of its core products, which include lubricants, greases, and specialty chemicals. The company operates a multi-faceted revenue model that encompasses direct sales to end-users, distribution agreements with third-party retailers, and contracts with large industrial clients. Significant revenue streams include the automotive lubricants sector, which is bolstered by a growing demand for high-performance products, and the industrial chemicals market, where PANAMAPET serves various industries with tailored solutions. Strategic partnerships with key distributors and suppliers enhance its market presence and operational efficiency, contributing to stable earnings. Additionally, the company's focus on innovation and product development allows it to capture new market opportunities, further supporting revenue growth.

Panama Petrochem Limited Financial Statement Overview

Summary

Panama Petrochem Limited exhibits strong financial health with consistent revenue growth and a stable capital structure. The company maintains profitability with healthy margins, though some operational efficiency challenges are noted. Cash flow generation is positive, but past volatility should be monitored. The low leverage and solid equity position provide a strong foundation for future growth.

Income Statement

Panama Petrochem Limited has demonstrated strong revenue growth over the years, with a notable increase from 2024 to 2025. The gross profit margin is robust, indicating efficient cost management. However, there is a slight decrease in EBIT margin compared to 2024, suggesting some pressure on operational efficiency. Net profit margin is healthy, reflecting good profitability.

Balance Sheet

The company's balance sheet is solid with a high equity ratio, reflecting a strong capital structure. Debt-to-equity ratio is low, indicating low leverage and reduced financial risk. Return on equity is impressive, driven by the company's consistent profitability.

Cash Flow

Panama Petrochem Limited shows a positive free cash flow, with a noticeable improvement in operating cash flow in 2025. The free cash flow to net income ratio is strong, suggesting efficient cash conversion. However, previous periods displayed volatility in operating cash flow, which could pose potential risks.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.15B	27.93B	23.57B	22.49B	21.32B	14.47B
Gross Profit	4.50B	4.44B	3.81B	4.81B	4.64B	3.19B
EBITDA	2.47B	2.59B	2.68B	3.15B	2.98B	1.96B
Net Income	1.79B	1.87B	1.95B	2.33B	2.30B	1.35B
Balance Sheet
Total Assets	0.00	15.24B	14.09B	12.35B	12.53B	9.93B
Cash, Cash Equivalents and Short-Term Investments	1.82B	1.96B	1.33B	2.22B	1.39B	745.05M
Total Debt	0.00	326.00M	260.10M	4.40M	300.70M	656.43M
Total Liabilities	-12.55B	2.69B	3.07B	2.83B	4.85B	4.32B
Stockholders Equity	12.55B	12.55B	11.03B	9.52B	7.68B	5.61B
Cash Flow
Free Cash Flow	0.00	1.35B	-772.80M	1.74B	1.40B	310.82M
Operating Cash Flow	0.00	1.62B	-279.50M	2.10B	1.70B	560.73M
Investing Cash Flow	0.00	-118.60M	667.60M	-787.20M	-1.11B	-144.69M
Financing Cash Flow	0.00	-778.60M	-404.20M	-960.30M	-674.80M	-12.90M

Panama Petrochem Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 271.55
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PANAMAPET, the sentiment is Positive. The current price of 271.55 is below the 20-day moving average (MA) of 283.66, below the 50-day MA of 284.83, and below the 200-day MA of 337.00, indicating a neutral trend. The MACD of 5.82 indicates Negative momentum. The RSI at 59.85 is Neutral, neither overbought nor oversold. The STOCH value of 73.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PANAMAPET.

Panama Petrochem Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GANDHAR	70 Outperform	₹13.09B	17.36	―	0.37%	-1.05%	-11.57%
HINDPETRO	67 Neutral	₹1.03T	7.41	―	3.28%	-1.81%	231.75%
PANAMAPET	66 Neutral	₹18.24B	9.68	―	1.63%	10.19%	-4.18%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SOTL	64 Neutral	₹27.26B	21.30	―	1.10%	5.84%	-17.92%
GULFPETRO	62 Neutral	₹1.89B	6.96	―	―	3.59%	10.55%

Panama Petrochem Limited Corporate Events

Panama Petrochem’s Credit Ratings Reaffirmed, Reflecting Strong Market Position

Panama Petrochem Limited has had its credit ratings reaffirmed by CARE Ratings Limited, maintaining a CARE A+; Stable rating for long-term bank facilities and CARE A1+ for short-term facilities. This reaffirmation is based on the company’s established market position, steady operational growth, and strong financial health, despite challenges such as fluctuating base oil prices and industry competition. The stable outlook reflects expectations of continued financial stability and market strength.