Panama Petrochem Limited (PANAMAPET) AI Stock Analysis

Panama Petrochem Limited

(NSE:PANAMAPET)

Select Model

Rating:65Neutral

Price Target:INR 537.00▲(19.21% Upside)

Action:downgraded

Date:10/25/26

Score is driven primarily by mixed financial quality: a strong, low-debt balance sheet and ongoing growth are offset by material cash flow volatility and periods of negative operating/free cash flow. Valuation is a clear positive due to a low P/E, but weak technical signals (below key moving averages with bearish momentum) temper the near-term outlook.

Positive Factors

Conservative Balance SheetLow leverage and expanding equity and assets provide financial resilience for a specialty products manufacturer. This conservative funding structure can support continued operations and selective growth while reducing the balance-sheet pressure associated with heavier borrowing.

Negative Factors

Inconsistent Cash ConversionRepeated periods of negative operating and free cash flow show that reported profits have not consistently converted into cash. Volatile cash generation can constrain internally funded expansion, increase dependence on working-capital management, and reduce flexibility during weaker operating periods.

Panama Petrochem Limited (PANAMAPET) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 27.26B
Dividend Yield: 0.67%
Average Volume (3M): 43.09K
Price to Earnings (P/E): 5.7
Beta (1Y): 0.92
Revenue Growth: 45.85%
EPS Growth: 166.77%
Country: India
Employees: 164
Sector: General
Sector Strength: 55
Industry: Oil & Gas Refining & Marketing

Panama Petrochem Limited Business Overview & Revenue Model

Company Description

Panama Petrochem Limited, an Indian enterprise established in Mumbai in 1975, specializes in the manufacturing, trading, and distribution of a diverse portfolio of petroleum-derived products. Its extensive offerings encompass white and liquid paraffi...

Panama Petrochem Limited Financial Statement Overview

Summary

Strong, conservatively financed balance sheet (low leverage, expanding equity/assets) supports resilience, and revenues/net income have grown. However, margin compression versus FY2022–FY2023 and especially volatile/negative operating and free cash flow in multiple years meaningfully reduce overall financial quality.

Income Statement

74Positive

Balance Sheet

86Very Positive

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	30.64B	30.64B	27.93B	23.57B	22.49B	21.32B
Gross Profit	4.94B	4.76B	4.44B	3.81B	4.81B	4.64B
EBITDA	2.85B	2.88B	2.59B	2.68B	3.16B	2.98B
Net Income	2.13B	2.13B	1.87B	1.95B	2.33B	2.30B
Balance Sheet
Total Assets	19.19B	19.19B	15.24B	14.09B	12.35B	12.53B
Cash, Cash Equivalents and Short-Term Investments	823.80M	823.80M	1.96B	1.33B	2.22B	1.39B
Total Debt	1.11B	1.11B	326.00M	260.10M	4.40M	300.70M
Total Liabilities	4.50B	4.50B	2.69B	3.07B	2.83B	4.85B
Stockholders Equity	14.69B	14.69B	12.55B	11.03B	9.52B	7.68B
Cash Flow
Free Cash Flow	295.80M	-1.32B	1.35B	-772.80M	1.74B	1.40B
Operating Cash Flow	595.60M	-772.60M	1.62B	-279.50M	2.10B	1.70B
Investing Cash Flow	-545.90M	-762.10M	-118.60M	667.60M	-787.20M	-1.11B
Financing Cash Flow	-280.40M	570.20M	-778.60M	-404.20M	-960.30M	-674.80M

Panama Petrochem Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price450.45

Price Trends

50DMA481.12Negative

100DMA461.38Negative

200DMA373.88Positive

Market Momentum

MACD-6.46Positive

RSI42.48Neutral

STOCH21.63Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PANAMAPET, the sentiment is Negative. The current price of 450.45 is below the 20-day moving average (MA) of 484.93, below the 50-day MA of 481.12, and above the 200-day MA of 373.88, indicating a neutral trend. The MACD of -6.46 indicates Positive momentum. The RSI at 42.48 is Neutral, neither overbought nor oversold. The STOCH value of 21.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PANAMAPET.

Panama Petrochem Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:PANAMAPET against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GULFPETRO	75Outperform	INR 3.31B	6.67	―	0.77%	43.65%	83.45%
IN:CASTROLIND	68Neutral	INR 185.96B	18.41	―	6.12%	16.96%	3.51%
IN:GANDHAR	66Neutral	INR 24.44B	5.55	―	1.11%	48.58%	371.93%
IN:PANAMAPET	65Neutral	INR 27.25B	5.69	―	0.67%	45.85%	166.77%
IN:AEGISLOG	65Neutral	INR 385.20B	28.90	―	0.61%	19.72%	85.84%
IN:CONFIPET	63Neutral	INR 19.79B	14.71	―	0.17%	72.45%	45.85%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:PANAMAPET and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:PANAMAPET	Panama Petrochem Limited	450.45	180.63	66.95%
IN:AEGISLOG	Aegis Logistics Limited	1097.45	332.72	43.51%
IN:CASTROLIND	Castrol India Limited	188.00	3.46	1.87%
IN:CONFIPET	Confidence Petroleum India Limited	59.57	18.02	43.36%
IN:GANDHAR	Gandhar Oil Refinery (India) Limited	249.70	117.94	89.52%
IN:GULFPETRO	GP Petroleums Limited	64.85	24.96	62.58%

Panama Petrochem Limited Corporate Events

CARE revises outlook on Panama Petrochem’s long-term bank facilities to Positive

Oct 12, 2026

CARE Ratings has reaffirmed Panama Petrochem Limited’s credit ratings while revising the outlook on its long-term bank facilities from Stable to Positive, reflecting improved operational prospects. The long-term facilities remain rated CARE A+...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 24, 2026

Panama Petrochem Limited AI Stock Analysis