Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹502, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 71% over the past three years. Duyuru • Jul 16
Panama Petrochem Limited, Annual General Meeting, Aug 24, 2026 Panama Petrochem Limited, Annual General Meeting, Aug 24, 2026, at 11:30 Indian Standard Time. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.1% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹489, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 79% over the past three years. Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹35.13 (vs ₹30.92 in FY 2025) Full year 2026 results: EPS: ₹35.13 (up from ₹30.92 in FY 2025). Revenue: ₹30.8b (up 10% from FY 2025). Net income: ₹2.13b (up 14% from FY 2025). Profit margin: 6.9% (up from 6.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • May 13
Panama Petrochem Limited to Report Q4, 2026 Results on May 29, 2026 Panama Petrochem Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹278, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 3.2% over the past three years. Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹7.57 (vs ₹8.02 in 3Q 2025) Third quarter 2026 results: EPS: ₹7.57 (down from ₹8.02 in 3Q 2025). Revenue: ₹7.75b (up 6.5% from 3Q 2025). Net income: ₹458.1m (down 5.5% from 3Q 2025). Profit margin: 5.9% (down from 6.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Jan 28
Panama Petrochem Limited to Report Q3, 2026 Results on Feb 10, 2026 Panama Petrochem Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 10, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹8.76 (vs ₹7.29 in 2Q 2025) Second quarter 2026 results: EPS: ₹8.76 (up from ₹7.29 in 2Q 2025). Revenue: ₹7.76b (up 11% from 2Q 2025). Net income: ₹529.9m (up 20% from 2Q 2025). Profit margin: 6.8% (up from 6.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Oct 28
Panama Petrochem Limited to Report Q2, 2026 Results on Nov 11, 2025 Panama Petrochem Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Buy Or Sell Opportunity • Sep 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ₹279. The fair value is estimated to be ₹355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 9.5%. Upcoming Dividend • Aug 26
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 01
First quarter 2026 earnings released: EPS: ₹7.04 (vs ₹8.29 in 1Q 2025) First quarter 2026 results: EPS: ₹7.04 (down from ₹8.29 in 1Q 2025). Revenue: ₹6.97b (up 3.9% from 1Q 2025). Net income: ₹426.2m (down 15% from 1Q 2025). Profit margin: 6.1% (down from 7.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Jul 17
Panama Petrochem Limited to Report Q1, 2026 Results on Jul 31, 2025 Panama Petrochem Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Declared Dividend • Jul 10
Final dividend reduced to ₹3.00 Dividend of ₹3.00 is 25% lower than last year. Ex-date: 2nd September 2025 Payment date: 9th October 2025 Dividend yield will be 1.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jul 08
Panama Petrochem Limited, Annual General Meeting, Sep 09, 2025 Panama Petrochem Limited, Annual General Meeting, Sep 09, 2025, at 11:30 Indian Standard Time. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹30.92 (vs ₹32.26 in FY 2024) Full year 2025 results: EPS: ₹30.92 (down from ₹32.26 in FY 2024). Revenue: ₹28.1b (up 19% from FY 2024). Net income: ₹1.87b (down 4.2% from FY 2024). Profit margin: 6.7% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • May 14
Panama Petrochem Limited to Report Q4, 2025 Results on May 26, 2025 Panama Petrochem Limited announced that they will report Q4, 2025 results on May 26, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: ₹8.02 (vs ₹6.84 in 3Q 2024) Third quarter 2025 results: EPS: ₹8.02 (up from ₹6.84 in 3Q 2024). Revenue: ₹7.32b (up 43% from 3Q 2024). Net income: ₹485.0m (up 17% from 3Q 2024). Profit margin: 6.6% (down from 8.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Jan 21
Panama Petrochem Limited to Report Q3, 2025 Results on Jan 31, 2025 Panama Petrochem Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹397, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 68% over the past three years. Declared Dividend • Nov 14
First half dividend reduced to ₹2.00 Dividend of ₹2.00 is 33% lower than last year. Ex-date: 22nd November 2024 Payment date: 29th November 2024 Dividend yield will be 1.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹7.29 (vs ₹7.75 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.29 (down from ₹7.75 in 2Q 2024). Revenue: ₹7.02b (up 22% from 2Q 2024). Net income: ₹440.9m (down 6.0% from 2Q 2024). Profit margin: 6.3% (down from 8.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Oct 22
Panama Petrochem Limited to Report First Half, 2025 Results on Nov 12, 2024 Panama Petrochem Limited announced that they will report first half, 2025 results on Nov 12, 2024 Duyuru • Aug 29
Panama Petrochem Limited Appoints Almas Nanda as Independent Director, Effective from February 13, 2025 Panama Petrochem Limited announced that the 42nd Annual General Meeting held on August 29, 2024 approved the appointment of Ms. Almas Nanda as an Independent Director. Date of appointment & term of Appointment: February 13, 2025 for a term of five years. Ms. Almas Nanda is the visionary behind Inc. 5 Shoes Private Limited. She has shaped the brand's identity and improved customer experience, setting industry standards for quality and innovation. As the Whole-Time Director, she leads the research and development for women's footwear and manages merchandising operations. Beyond her brand, she had also been a visiting faculty at NIFT New Delhi and contributed as a designer for the World Gold Council's WGC Book. Ms. Nanda's success is further fueled by her strong foundation in business acumen, meticulous attention to detail, and diverse background in marketing and sales. Overall, Ms. Almas Nanda's journey is a testament to her unwavering dedication, creative vision, and commitment to excellence. Her remarkable contributions are positioned to drive Panama Petrochem Limited's business objectives to new heights, setting a standard of achievement within the industry. Upcoming Dividend • Aug 15
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: ₹8.29 (vs ₹7.59 in 1Q 2024) First quarter 2025 results: EPS: ₹8.29 (up from ₹7.59 in 1Q 2024). Revenue: ₹6.71b (up 27% from 1Q 2024). Net income: ₹501.7m (up 9.3% from 1Q 2024). Profit margin: 7.5% (down from 8.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • Jul 29
Final dividend reduced to ₹4.00 Dividend of ₹4.00 is 20% lower than last year. Ex-date: 22nd August 2024 Payment date: 28th September 2024 Dividend yield will be 1.6%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jul 26
Panama Petrochem Limited, Annual General Meeting, Aug 29, 2024 Panama Petrochem Limited, Annual General Meeting, Aug 29, 2024, at 11:33 Indian Standard Time. Duyuru • Jul 18
Panama Petrochem Limited to Report Q1, 2025 Results on Jul 30, 2024 Panama Petrochem Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹379, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹32.26 (vs ₹38.51 in FY 2023) Full year 2024 results: EPS: ₹32.26 (down from ₹38.51 in FY 2023). Revenue: ₹23.7b (up 5.4% from FY 2023). Net income: ₹1.95b (down 16% from FY 2023). Profit margin: 8.2% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 28
Panama Petrochem Limited Recommends a Final Dividend for the Financial Year Ended March 31, 2024 Panama Petrochem Limited Recommended a Final Dividend INR 4 per equity share of INR 2/- each for the financial year ended March 31, 2024. The dividend, if approved by the shareholders, shall be paid within two weeks from the conclusion of the upcoming Annual General Meeting. Buy Or Sell Opportunity • May 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to ₹370. The fair value is estimated to be ₹308, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 11%. Duyuru • May 16
Panama Petrochem Limited to Report Q4, 2024 Results on May 27, 2024 Panama Petrochem Limited announced that they will report Q4, 2024 results on May 27, 2024 Reported Earnings • Feb 06
Third quarter 2024 earnings released: EPS: ₹6.84 (vs ₹8.29 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.84 (down from ₹8.29 in 3Q 2023). Revenue: ₹5.12b (down 11% from 3Q 2023). Net income: ₹413.6m (down 18% from 3Q 2023). Profit margin: 8.1% (down from 8.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 16
Panama Petrochem Limited to Report Q3, 2024 Results on Feb 02, 2024 Panama Petrochem Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹7.75 (vs ₹11.15 in 2Q 2023) Second quarter 2024 results: EPS: ₹7.75 (down from ₹11.15 in 2Q 2023). Revenue: ₹5.78b (down 5.8% from 2Q 2023). Net income: ₹469.2m (down 30% from 2Q 2023). Profit margin: 8.1% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 09
Panama Petrochem Limited Approves Interim Dividend for the Financial Year Ending March 31, 2024, Payable on November 24, 2023 Panama Petrochem Limited announced that at its board meeting held on November 8, 2023, approved interim dividend of INR 3 Per Equity Share of INR 2 each (150%) for the financial year ending March 31, 2024. The record date for the purpose of determining the entitlement of the shareholders for interim dividend has been fixed as November 17, 2023, and the dividend will be paid to the shareholders on, November 24, 2023. Duyuru • Oct 23
Panama Petrochem Limited to Report Q2, 2024 Results on Nov 08, 2023 Panama Petrochem Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Aug 15
Upcoming dividend of ₹5.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.8%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.9%). Buying Opportunity • Jul 29
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹377, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 39%. Duyuru • Jul 25
Panama Petrochem Limited, Annual General Meeting, Aug 29, 2023 Panama Petrochem Limited, Annual General Meeting, Aug 29, 2023, at 11:30 Indian Standard Time. Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: ₹38.51 (vs ₹38.08 in FY 2022) Full year 2023 results: EPS: ₹38.51 (up from ₹38.08 in FY 2022). Revenue: ₹22.6b (up 5.8% from FY 2022). Net income: ₹2.33b (up 1.1% from FY 2022). Profit margin: 10% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 17
Panama Petrochem Limited to Report Q4, 2023 Results on May 30, 2023 Panama Petrochem Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹8.29 (vs ₹8.95 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.29 (down from ₹8.95 in 3Q 2022). Revenue: ₹5.74b (up 13% from 3Q 2022). Net income: ₹501.5m (down 7.3% from 3Q 2022). Profit margin: 8.7% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 18
Panama Petrochem Limited to Report Q3, 2023 Results on Feb 09, 2023 Panama Petrochem Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 18% share price gain to ₹362, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 507% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹11.15 (vs ₹10.24 in 2Q 2022) Second quarter 2023 results: EPS: ₹11.15 (up from ₹10.24 in 2Q 2022). Revenue: ₹6.15b (up 9.2% from 2Q 2022). Net income: ₹674.3m (up 8.9% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 67% per year whereas the company’s share price has increased by 72% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Non Executive Director Kumar Nandimandalam was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 01
Panama Petrochem Limited to Report Q2, 2023 Results on Nov 14, 2022 Panama Petrochem Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Upcoming Dividend • Aug 19
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 26 August 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.6%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.7%). Duyuru • Aug 06
Panama Petrochem Limited, Annual General Meeting, Sep 05, 2022 Panama Petrochem Limited, Annual General Meeting, Sep 05, 2022, at 11:30 Indian Standard Time. Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: ₹10.67 (vs ₹9.60 in 1Q 2022) First quarter 2023 results: EPS: ₹10.67 (up from ₹9.60 in 1Q 2022). Revenue: ₹5.53b (flat on 1Q 2022). Net income: ₹645.8m (up 11% from 1Q 2022). Profit margin: 12% (up from 11% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 21
Panama Petrochem Limited to Report Q1, 2023 Results on Aug 01, 2022 Panama Petrochem Limited announced that they will report Q1, 2023 results on Aug 01, 2022 Duyuru • May 31
Panama Petrochem Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022 Panama Petrochem Limited at its board meeting held on May 30, 2022 recommended final dividend of INR 6 per share for the financial year ended March 31, 2022. The dividend on Equity Shares, if approved by the shareholders, shall be paid or warrants thereof will be dispatched within two weeks from the conclusion of the upcoming Annual General Meeting. Reported Earnings • May 31
Full year 2022 earnings released: EPS: ₹38.08 (vs ₹22.38 in FY 2021) Full year 2022 results: EPS: ₹38.08 (up from ₹22.38 in FY 2021). Revenue: ₹21.4b (up 48% from FY 2021). Net income: ₹2.30b (up 70% from FY 2021). Profit margin: 11% (up from 9.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Duyuru • May 17
Panama Petrochem Limited to Report Q4, 2022 Results on May 30, 2022 Panama Petrochem Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹284, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 147% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Non Executive Director Kumar Nandimandalam was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 19% share price gain to ₹325, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹256, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 114% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹8.95 (up from ₹8.78 in 3Q 2021). Revenue: ₹5.10b (up 22% from 3Q 2021). Net income: ₹541.2m (up 1.9% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 28
Panama Petrochem Limited to Report Q3, 2022 Results on Feb 11, 2022 Panama Petrochem Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 28% share price gain to ₹318, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 163% over the past three years. Upcoming Dividend • Nov 18
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 07 December 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.7%). Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹10.24 (vs ₹3.05 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.63b (up 73% from 2Q 2021). Net income: ₹619.2m (up 236% from 2Q 2021). Profit margin: 11% (up from 5.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 20
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 06 October 2021. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.7%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹9.60 (vs ₹0.62 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹5.51b (up 245% from 1Q 2021). Net income: ₹580.7m (up ₹542.9m from 1Q 2021). Profit margin: 11% (up from 2.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 19% share price gain to ₹301, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 18% share price gain to ₹247, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS ₹22.37 (vs ₹4.76 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹14.5b (up 45% from FY 2020). Net income: ₹1.35b (up 370% from FY 2020). Profit margin: 9.3% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Duyuru • Jun 01
Panama Petrochem Limited Recommends Dividend for the Financial Year Ended March 31, 2021 The board of directors of Panama Petrochem Limited at its Meeting held on May 31, 2021, recommended a dividend @ INR 2 per equity share of INR 2/- each (100%) for the financial year ended March 31, 2021. The dividend on Equity Shares, if approved by the shareholders,shall be paid or warrants thereof will be dispatched within two weeks from the conclusion of the upcoming Annual General Meeting. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₹173, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 18x in the Chemicals industry in India. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹165, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 16x in the Chemicals industry in India. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 30% share price gain to ₹180, the stock is trading at a trailing P/E ratio of 13.3x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 16x in the Chemicals industry in India. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Feb 20
New 90-day high: ₹155 The company is up 114% from its price of ₹72.15 on 21 November 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹8.78 (vs ₹1.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹4.23b (up 75% from 3Q 2020). Net income: ₹531.2m (up ₹467.4m from 3Q 2020). Profit margin: 13% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 18% share price gain to ₹116, the stock is trading at a trailing P/E ratio of 20.1x, up from the previous P/E ratio of 17x. This compares to an average P/E of 18x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 37%. Is New 90 Day High Low • Feb 02
New 90-day high: ₹115 The company is up 123% from its price of ₹51.40 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 16% over the same period. Duyuru • Jan 25
Panama Petrochem Limited to Report Q3, 2021 Results on Feb 03, 2021 Panama Petrochem Limited announced that they will report Q3, 2021 results on Feb 03, 2021 Is New 90 Day High Low • Dec 28
New 90-day high: ₹103 The company is up 86% from its price of ₹55.50 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 18% share price gain to ₹103, the stock is trading at a trailing P/E ratio of 17.9x, up from the previous P/E ratio of 15.2x. This compares to an average P/E of 18x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 56%. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 18% share price gain to ₹103, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 18x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 58%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 20% share price gain to ₹97.65, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 17x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 54%. Is New 90 Day High Low • Dec 08
New 90-day high: ₹93.30 The company is up 80% from its price of ₹51.80 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 19% share price gain to ₹93.30, the stock is trading at a trailing P/E ratio of 16.1x, up from the previous P/E ratio of 13.5x. This compares to an average P/E of 17x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 56%. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 16% share price gain to ₹76.20, the stock is trading at a trailing P/E ratio of 13.2x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 16x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 62%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 18% share price gain to ₹68.25, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10x. This compares to an average P/E of 16x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 64%. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 16% share price gain to ₹65.95, the stock is trading at a trailing P/E ratio of 11.4x, up from the previous P/E ratio of 9.9x. This compares to an average P/E of 16x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 66%. Recent Insider Transactions • Nov 15
Insider recently bought ₹2.9m worth of stock On the 12th of November, Chemine Rayani bought around 51k shares on-market at roughly ₹57.29 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹12m. Insiders have collectively bought ₹62m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Nov 13
New 90-day high: ₹63.55 The company is up 50% from its price of ₹42.30 on 14 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period. 
