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Panjon

526345 BSE
₹18.59

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P/E
53.11
View as Markdown
MCP
Close 4 Nov 2026 ₹18.59 +0.96 +5.45% 1Y
Start ₹17.63

Key Fundamentals

MicrocapFood ProductsFMCG

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
4.87%
Debt to Equity
0.24
EPS (TTM)
₹0.35
Book Value
₹9.92
Market Cap
—
P/E (TTM)
53.11
P/B
1.87
ROE
3.57%
Dividend Yield
0.00%
EBITDA
₹20.00 L
52W High
₹30.00
52W Low
₹16.16

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
41
Weak
Returns, margins, earnings quality 22% weight
Valuation
26
Poor
Cheap vs sector & own history 24% weight
Growth
88
Strong
Sales & profit trajectory 9% weight
Financial Health
69
Strong
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 133 days to 77.0 days

Weaknesses

2
  • Company has a low return on equity of 2.46% over last 3 years.
  • Earnings include an other income of Rs.0.33 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1063
OscillatorsBearish261
Moving AveragesStrong Bearish802

Key readings

RSI (14)
44.48
Neutral
MACD (12,26,9)
−0.84
Bullish
SMA (50)
20.94
Bearish
SMA (200)
21.74
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+14.53%
5Y+26.87%
3Y+98.48%
1Y+56.34%
TTM+41.65%

Net profit

Net profit growth by window
10Y+5.24%
5Y+43.10%
3Y−9.52%
1Y+50.00%
TTM+3.39%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹0.23 Cr
5YTurned negative
3YTurned negative
1YOutflow narrowed by ₹3.91 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.79 pp
5Y+0.75 pp
3Y+2.06 pp
1Y−0.01 pp
TTM−0.31 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹13.98 Cr
Mar 2018₹20.10 Cr
Mar 2019₹25.94 Cr
Mar 2020₹26.43 Cr
Mar 2021₹14.49 Cr
Mar 2022₹8.41 Cr
Mar 2023₹6.09 Cr
Mar 2024₹12.55 Cr
Mar 2025₹30.46 Cr
Mar 2026₹47.62 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.12 Cr
Mar 2018₹0.12 Cr
Mar 2019₹0.14 Cr
Mar 2020−₹0.03 Cr
Mar 2021₹0.10 Cr
Mar 2022−₹4.15 Cr
Mar 2023₹0.81 Cr
Mar 2024₹0.15 Cr
Mar 2025₹0.40 Cr
Mar 2026₹0.60 Cr

Quarterly Results

₹ Cr
526345 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1.24
1.3
4.81
5.2
2.09
3.38
11.16
13.83
6.42
14.95
14.14
12.12
8.07
Expenses
1.28
1.27
4.8
5.23
2.07
3.31
10.93
13.52
6.23
14.69
13.85
11.88
7.88
Operating Profit
−0.04
0.03
0.01
−0.03
0.02
0.07
0.23
0.31
0.19
0.26
0.29
0.24
0.19
OPM %
−3.23%
2.31%
0.21%
−0.58%
0.96%
2.07%
2.06%
2.24%
2.96%
1.74%
2.05%
1.98%
2.35%
Other Income
0.08
0.04
0.06
0.27
0.1
0.08
0.08
0.05
0.04
0.05
0.04
0.17
0.07
Interest
0
0.01
0.01
0.02
0.03
0.03
0.06
0.06
0.06
0.04
0.07
0.1
0.08
Depreciation
0.02
0.02
0.02
0.16
0.05
0.05
0.05
0.08
0.08
0.04
0.04
0.14
0.08
PBT
0.02
0.04
0.04
0.06
0.04
0.07
0.2
0.22
0.09
0.23
0.22
0.17
0.1
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
64.71%
0%
Net Profit
0.02
0.04
0.04
0.05
0.03
0.07
0.2
0.23
0.09
0.22
0.22
0.06
0.11
EPS (₹)
0.01
0.03
0.03
0.03
0.02
0.04
0.12
0.13
0.05
0.13
0.13
0.03
0.06

Profit & Loss

₹ Cr
526345 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
19.47
12.26
13.98
20.1
25.94
26.43
14.49
8.41
6.09
12.55
30.46
47.62
49.28
Expenses
22.54
12.35
14
19.68
25.63
26.11
14.3
12.45
6.09
12.57
29.83
46.64
48.3
Operating Profit
−3.07
−0.09
−0.02
0.42
0.31
0.32
0.19
−4.04
0
−0.02
0.63
0.98
0.98
OPM %
−15.77%
−0.73%
−0.14%
2.09%
1.2%
1.21%
1.31%
−48.04%
0%
−0.16%
2.07%
2.06%
1.99%
Other Income
−1.51
0.43
0.52
0.21
0.36
0.29
0.33
0.3
0.38
0.45
0.31
0.3
0.33
Interest
0
0.17
0.19
0.28
0.24
0.15
0.1
0.07
0.05
0.06
0.18
0.27
0.29
Depreciation
0.13
0.14
0.13
0.11
0.15
0.27
0.23
0.2
0.21
0.22
0.23
0.3
0.3
PBT
−4.71
0.03
0.18
0.24
0.28
0.19
0.19
−4.01
0.12
0.15
0.53
0.71
0.72
Tax %
−27.18%
−1133.33%
33.33%
50%
53.57%
115.79%
47.37%
3.49%
−575%
0%
24.53%
15.49%
—
Net Profit
−3.43
0.36
0.12
0.12
0.14
−0.03
0.1
−4.15
0.81
0.15
0.4
0.6
0.61
EPS (₹)
−2.21
0.23
0.08
0.08
0.09
−0.02
0.06
−2.68
0.52
0.09
0.23
0.35
0.35
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
526345 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
15.5
15.5
15.5
15.5
15.5
15.5
15.5
15.5
15.5
16.31
17.17
17.17
Reserves
0.52
0.89
1
1.13
1.27
1.23
1.31
−2.84
−2.02
−1.46
−0.62
−0.13
Borrowings
1.52
1.41
1.26
1.89
1.84
1.56
1.33
0.81
0.78
1.44
2.65
4.01
Other Liabilities
0.51
0.24
0.28
0.29
0.34
0.92
1.12
0.58
0.64
1.1
0.85
0.71
Total Liabilities
18.05
18.04
18.04
18.81
18.95
19.21
19.26
14.05
14.9
17.39
20.05
21.76
Fixed Assets
0.92
0.84
0.74
0.72
0.87
1.12
0.96
0.95
0.91
0.9
1.09
1.44
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
1.08
1.08
1.08
1.09
1.09
1.08
1.07
1.07
1.08
1.08
1.1
1.11
Other Assets
16.05
16.12
16.22
17
16.99
17.01
17.23
12.03
12.91
15.41
17.86
19.21
Total Assets
18.05
18.04
18.04
18.81
18.95
19.21
19.26
14.05
14.9
17.39
20.05
21.76

Cash Flow

₹ Cr
526345 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.89
−0.2
0.18
−0.17
0.49
0.35
0.34
1.82
0.04
−0.42
−4.34
−0.43
Investing
4.74
−0.06
−0.04
−0.08
−0.31
−0.51
−0.06
−0.19
−0.19
−0.21
−0.44
−0.66
Financing
−5.14
−0.19
−0.17
0.4
−0.05
−0.07
−0.24
−0.51
0.18
1.88
2.5
1.38
Net Cash Flow
0.49
−0.44
−0.03
0.15
0.13
−0.22
0.04
1.12
0.04
1.25
−2.27
0.28
Free Cash Flow
5.54
−0.26
0.14
−0.25
0.18
−0.17
0.27
1.63
−0.14
−0.62
−4.76
−1.08
CFO/OP
−29
222
−1,100
−29
177
122
195
−45
—
2,000
−689
−33

Ratios

526345 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
184
261
21.67
16.89
23.64
45.57
93.45
26.47
93.5
52.64
39.06
41.93
Inventory Days
46.16
101
95.13
66.63
57.65
59.1
120
306
611
152
65.87
48.45
Days Payable
7.2
4.14
2.93
2.19
3.98
11.48
28.24
19.51
63.17
6.93
3.56
2.83
Cash Conversion Cycle
223
359
114
81.33
77.31
93.2
185
313
641
198
101
87.54
Working Capital Days
263
428
178
124
113
139
261
278
480
216
105
77.03
ROCE %
−14.51%
1.13%
2.08%
2.87%
2.8%
1.84%
1.59%
−24.93%
1.23%
1.37%
4%
4.87%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Panjon insights

63 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.69%
  • Public 36.56%
  • Others 6.76%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Panjon

What does Panjon Ltd do?
Incorporated in 1983, Panjon Ltd manufactures and trades in consumers and pharmaceutical products
Where is Panjon Ltd (PANJON) listed?
Panjon Ltd trades under code 526345 on the BSE.
Which sector does Panjon Ltd belong to?
Panjon Ltd is classified under the Food Products sector, in the Packaged Foods industry.
What is the PE ratio of Panjon Ltd?
Panjon Ltd trades at a PE ratio of 53.11 as of 4 Nov 2026, on earnings per share of ₹0.35, against a book value of ₹9.92 per share.
What is the 52-week high and low of Panjon Ltd?
Over the last 52 weeks Panjon Ltd has traded between ₹16.16 and ₹30 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Panjon Ltd?
Panjon Ltd reported a return on equity of 3.57%. Its debt-to-equity ratio is 0.24.

Company Information

Incorporated in 1983, Panjon Ltd manufactures and trades in consumers and pharmaceutical products

Website panjon.in
Listed 1 Mar 2006
Face Value ₹10

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