Panama Petrochem share price today

Panama Petrochem Ltd's share price was ₹458.35 at the close on 4 November 2026. It has been rising for 21 weeks. That is 12.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹251 and ₹505, and at that close it sat 82% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Panama Petrochem Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

Over the last 11 years the share price moved +1,067% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Best operating margin in 16 quarters

   Operating margin was 22% in the June 2026 quarter, against 8% a year earlier.

3. Highest quarterly profit in 16 quarters

   Profit of ₹309 crore in the June 2026 quarter is the highest of the last 16 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Panama Petrochem reported revenue of ₹1,735 crore, up 150.4% from ₹693 crore a year earlier, and a profit of ₹309 crore, up 618.6% from ₹43.0 crore.

Panama Petrochem results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 9 November 2023, about July to September 2023; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Panama Petrochem closed at ₹458.35 on 4 November 2026, up 71.6% from ₹267.15 a year earlier (7 November 2025) and up 78.9% over five years. Its highest weekly close since March 2016 was ₹504.80 on 7 August 2026.

Panama Petrochem share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Panama Petrochem closed at ₹458.35, up 1.8% on the week and down 5.9% on the month. 17 Aug 2026: ex-date for a dividend of ₹3 a share.

Earlier

• Results for April to June 2026: Revenue up 150.4% and profit up 618.6% on a year earlier.
• 9 Nov 2023: Panama Petrochem held its results call for July to September 2023.

Panama Petrochem paid ₹3 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.65% at the ₹458.35 close on 4 November 2026. The last was a dividend of ₹3 a share, ex-date 17 August 2026.

Panama Petrochem dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Panama Petrochem Ltd paid out 9% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2023, held on 9 November 2023, Panama Petrochem's management spoke about the quarter; the main points are below.

Source: the call transcript.

From the call for July to September 2023, 9 November 2023. The April to June 2026 results are out since, so this part may be out of date until we update it.

What is changing at Panama Petrochem, from the latest results and calls: specialty-product mix, capacity conversion and input-cost repricing.

• Specialty-product mix. The Value Chain Climb could improve retained profit if specialty products reach repeatable revenue scale. ⚠ estimate
• Capacity conversion. Historical capacity additions could support sales, but current commissioning and utilization need confirmation. ⚠ estimate
• Input-cost repricing. Monthly repricing historically offered a mechanism to pass input inflation to customers. ⚠ estimate
• Drilling-product commercialization. Commercial drilling-product supply is a historical option whose current earnings contribution is unknown. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 10 October 2026.

A subsequent reporting period that repeats elevated operating profitability while releasing working capital, without additional borrowing, and attributes the result to identifiable recurring customers and specialty-product sales would overturn the peak-earnings warning.

Each change stops working if

• Specialty-product mix: Specialty-product revenue fails to scale or customer price concessions remove its margin advantage.
• Capacity conversion: Added capacity remains underused or requires price cuts and inventory funding to generate shipments.
• Input-cost repricing: Customer repricing lags procurement costs or competitors force concessions.
• Drilling-product commercialization: Commercial trials fail to become repeat orders or consume cash without incremental operating profit.

The main risks

• : The trailing discount depends on unusually elevated margins. ⚠ estimate
• Working-capital and borrowing gap: Reported profits are not becoming operating cash. ⚠ estimate
• Single-quarter earnings concentration: An operating profit jump still needs evidence of persistence. ⚠ estimate
• Guidance vintage and execution uncertainty: Historical expansion and mix promises cannot substitute for current execution evidence. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026.

When Panama Petrochem reports July to September 2026, these are the 5 checks that show whether the story is still on course. First: Operating margin falls toward its normalized level while sales remain elevated.

Panama Petrochem is not on any of our India lists this week.

Panama Petrochem Ltd earned ₹309 Cr of net profit in the Jun 2026 quarter, +618.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹212 Cr. Over 10 years profit has grown 23.8% a year on average. That is 17.8% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹43.0 Cr.

For the full year, FY26 profit was ₹212 Cr (+13.4% on the year before).

Why profit moved: revenue changed +150.4% on a year earlier and the margin moved +14.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +174.1% and revenue +46.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Panama Petrochem Ltd reported ₹1,735 Cr of revenue in the Jun 2026 quarter, +150.4% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 15.1% a year on average. The last full year, FY26, came in at ₹3,064 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management historically described shifting expansion toward value-added products. The mechanism is a change in realized product economics, rather than volume alone. Current mix, incremental gross profit and customer retention are unavailable, so the latest margin jump cannot be assigned to this strategy. Competitor response and customer bargaining remain unknown.

The last four reported quarters add to ₹4,106 Cr.

FY26 revenue was ₹3,064 Cr, +9.7% on the year before.

Recent pace: the last four quarters grew +46.5% on average, against 15.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +45.9%, against +28.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +167.6%, against +55.1% a year (accelerating).

Panama Petrochem Ltd's operating margin was 22.0% in the Jun 2026 quarter, 14.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 4.0% and 14.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The Input Cost Pass-Through Test is relevant because management described monthly customer repricing. The company retains a benefit only if customer prices adjust before input and financing costs absorb it. Current price realization and gross-margin data are absent; historical pass-through does not prove current pricing power.

Why the margin moved: operating margin changed +14.4 percentage points on the year while gross margin changed +14.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 11% of Panama Petrochem Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹69.0 Cr of cash, against ₹212 Cr of profit. After ₹52.0 Cr of spending on assets, free cash was −₹121 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 11% of profit came in as cash: the cash cycle got 29 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 29 days longer. The next section looks at where the cash is stuck.

Panama Petrochem Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 123 days in FY26, up from 94 days in FY21. It spent ₹144 Cr on assets over the last 3 years. Customers take 68 days to pay, and stock sits for 97 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. The last supplied call reported expansion and high utilization. Added capacity can remove a production constraint only when orders convert into shipped product and collections. No current commissioning dates or incremental capacity contribution are supplied. This driver overlaps with product mix and is not assigned a separate additive profit benefit.

At FY26 sales of ₹3,064 Cr, each day of that cycle ties up about ₹8.4 Cr, so roughly ₹1,033 Cr is tied up in the business at any time.

FY26: customers took 68 days to pay and stock sat for 97 days, about 3.2 months of sales sitting as stock, for a full cycle of 123 days, longer than FY21's 94.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 97 days. Customers pay about 68 days after that. Suppliers are paid at 43 days. Together that makes the 123-day cycle.

Spending on assets: ₹144 Cr over the last 3 years, against ₹36.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹48.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Panama Petrochem Ltd's P/E is 5.8×, about the lowest it has ever been. Its usual P/E (the middle reading) is 10.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.