Panama Petrochem Limited (PANAMAPET) AI Stock Analysis

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Panama Petrochem Limited

(NSE:PANAMAPET)

Select Model

Rating:72.6Outperform

Price Target:INR 490.00▲(11.36% Upside)

Action:reiterated

Date:08/19/26

The overall score is driven primarily by solid financial strength—strong revenue growth, ongoing profitability, and a low‑debt, resilient balance sheet—tempered by cash‑flow volatility and margin pressure, while supportive technicals in a clear uptrend and an attractive low earnings multiple further bolster the rating, offset slightly by a modest dividend yield; earnings‑call and corporate‑event factors are not incorporated due to lack of detailed data.

Positive Factors

Conservative Balance SheetLow leverage gives Panama Petrochem financial resilience and reduces the burden of interest and refinancing risk. Expanding equity and assets provide a stronger base for serving customers, funding operations, and absorbing business volatility over the next several quarters.

Negative Factors

Volatile Cash ConversionRepeated periods of negative operating and free cash flow despite positive earnings indicate inconsistent cash conversion. Working-capital swings or elevated investment needs can reduce internally available funding, constrain flexibility, and make reported profitability less dependable for capital allocation.

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

Market Cap: INR 26.64B
Dividend Yield: 0.68%
Average Volume (3M): 27.75K
Price to Earnings (P/E): 5.6
Beta (1Y): 0.68
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

Revenue has roughly doubled since FY2021 and profitability remains positive, backed by a very conservative balance sheet with low debt and rising equity, but margin compression, moderating returns on equity, and volatile cash flows with negative operating and free cash flow in the latest year warrant a mid‑high score rather than a top‑tier one.

Income Statement

72Positive

Balance Sheet

84Very Positive

Cash Flow

42Neutral

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 Price440.00

Price Trends

50DMA476.14Negative

100DMA467.16Negative

200DMA380.05Positive

Market Momentum

MACD-11.02Positive

RSI40.85Neutral

STOCH9.28Positive

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 440.00 is below the 20-day moving average (MA) of 463.78, below the 50-day MA of 476.14, and above the 200-day MA of 380.05, indicating a neutral trend. The MACD of -11.02 indicates Positive momentum. The RSI at 40.85 is Neutral, neither overbought nor oversold. The STOCH value of 9.28 is Positive, 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:CASTROLIND	74Outperform	INR 189.32B	18.70	―	6.03%	16.96%	3.51%
IN:PANAMAPET	73Outperform	INR 26.79B	5.56	―	0.68%	45.85%	166.77%
IN:CONFIPET	69Neutral	INR 21.60B	16.47	―	0.15%	72.45%	45.85%
IN:GANDHAR	66Neutral	INR 25.74B	5.86	―	1.05%	48.58%	371.93%
IN:GULFPETRO	66Neutral	INR 3.37B	6.54	―	0.78%	43.65%	83.45%
IN:AEGISLOG	63Neutral	INR 430.69B	32.67	―	0.54%	19.72%	85.84%
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	440.00	151.20	52.36%
IN:AEGISLOG	Aegis Logistics Limited	1239.05	450.45	57.12%
IN:CASTROLIND	Castrol India Limited	190.90	9.79	5.41%
IN:CONFIPET	Confidence Petroleum India Limited	66.61	26.37	65.52%
IN:GANDHAR	Gandhar Oil Refinery (India) Limited	263.45	120.55	84.36%
IN:GULFPETRO	GP Petroleums Limited	64.21	25.88	67.51%

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+ with 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