--- title: "Panasonic Carbon India Company Ltd (PANCARBON) — Share Price, Financials & Analysis" symbol: "PANCARBON" company: "Panasonic Carbon India Company Ltd" canonical: "https://tapetide.com/stocks/PANCARBON" bse_code: "508941" sector: "Industrials" industry: "Industrial Products" generated_at: "2026-09-13T18:49:59.679Z" --- # Panasonic Carbon India Company Ltd (PANCARBON) Canonical page: https://tapetide.com/stocks/PANCARBON ## Company - **BSE Code:** 508941 - **Sector:** Industrials - **Industry:** Industrial Products - **Macro Sector:** Industrials - **Face Value:** ₹10 - **F&O Eligible:** No - **Website:** panasoniccarbon.in ## About Incorporated in 1982, Panasonic Carbon India Company Ltd manufactures Carbon Rods[1] ## Latest Price ## Key Insights ### Strengths - Company is almost debt free. - Stock is trading at 1.11 times its book value - Company has been maintaining a healthy dividend payout of 28.6% ### Weaknesses - The company has delivered a poor sales growth of 2.28% over past five years. - Company has a low return on equity of 12.2% over last 3 years. - Earnings include an other income of Rs.12.9 Cr. ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | -9% | 18% | 2% | | revenue growth | -9% | 3% | 2% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 13.2 | 13.02 | 12.49 | 14.77 | 13.29 | 13.25 | 12.69 | 15.88 | 17.12 | 11.56 | 10.18 | 11.1 | | Expenses | 9.54 | 8.91 | 8.73 | 9.49 | 9.35 | 9.37 | 8.93 | 10.38 | 10.6 | 8.66 | 6.96 | 8.51 | | Operating Profit | 3.66 | 4.11 | 3.76 | 5.28 | 3.94 | 3.88 | 3.76 | 5.5 | 6.52 | 2.9 | 3.22 | 2.59 | | OPM % | 27.73 | 31.57 | 30.1 | 35.75 | 29.65 | 29.28 | 29.63 | 34.63 | 38.08 | 25.09 | 31.63 | 23.33 | | Other Income | 2.57 | 2.57 | 2.76 | 2.9 | 2.94 | 3.01 | 2.93 | 3.13 | 3.36 | 3.11 | 3.15 | 3.26 | | Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Depreciation | 0.18 | 0.18 | 0.19 | 0.16 | 0.16 | 0.18 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.14 | | Profit before tax | 6.05 | 6.5 | 6.33 | 8.02 | 6.72 | 6.71 | 6.52 | 8.46 | 9.7 | 5.83 | 6.19 | 5.71 | | Tax % | 25.29 | 26 | 26.54 | 25.31 | 25.89 | 25.63 | 25.31 | 25.53 | 38.97 | 23.67 | 26.33 | 25.39 | | Net Profit | 4.52 | 4.81 | 4.65 | 5.99 | 4.98 | 4.99 | 4.88 | 6.3 | 5.92 | 4.45 | 4.56 | 4.26 | | EPS in Rs | 9.42 | 10.02 | 9.69 | 12.48 | 10.38 | 10.4 | 10.17 | 13.12 | 12.33 | 9.27 | 9.5 | 8.88 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 44 | 45 | 45 | 49 | 50 | 50 | 51 | 54 | 55 | 50 | | Expenses | 32 | 34 | 30 | 30 | 35 | 39 | 36 | 37 | 37 | 35 | | Operating Profit | 12 | 11 | 15 | 19 | 15 | 11 | 15 | 17 | 18 | 15 | | OPM % | 28 | 25 | 34 | 38 | 30 | 22 | 30 | 31 | 33 | 30 | | Other Income | 7 | 8 | 8 | 8 | 7 | 7 | 10 | 12 | 13 | 13 | | Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | | Profit before tax | 18 | 18 | 23 | 25 | 20 | 18 | 25 | 28 | 30 | 27 | | Tax % | 30 | 30 | 25 | 26 | 25 | 27 | 26 | 26 | 30 | — | | Net Profit | 12 | 12 | 17 | 19 | 15 | 13 | 19 | 21 | 21 | 19 | | EPS in Rs | 25.62 | 25.62 | 35.31 | 39.38 | 31.98 | 26.73 | 38.73 | 43.4 | 44.25 | 39.98 | | Dividend Payout % | 39 | 39 | 28 | 30 | 38 | 45 | 31 | 28 | 27 | — | ### Balance Sheet All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | Reserves | 85 | 91 | 98 | 109 | 123 | 132 | 139 | 152 | 167 | 183 | | Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Other Liabilities | 7 | 7 | 6 | 6 | 6 | 6 | 5 | 6 | 6 | 6 | | Total Liabilities | 97 | 103 | 109 | 119 | 134 | 143 | 149 | 162 | 178 | 194 | | Fixed Assets | 10 | 9 | 8 | 7 | 6 | 6 | 5 | 5 | 4 | 4 | | CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | | Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Other Assets | 87 | 93 | 101 | 112 | 128 | 137 | 144 | 158 | 173 | 189 | | Total Assets | 97 | 103 | 109 | 119 | 134 | 143 | 149 | 162 | 178 | 194 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | 10 | 9 | 8 | 10 | 12 | 8 | 9 | 2 | 8 | 11 | | Cash from Investing Activity | -4 | -4 | -2 | -4 | -7 | -2 | -5 | 3 | -1 | -6 | | Cash from Financing Activity | -6 | -6 | -6 | -6 | -5 | -6 | -6 | -6 | -6 | -6 | | Net Cash Flow | 1 | -1 | 0 | -1 | 0 | 1 | -1 | 0 | 1 | -1 | | Free Cash Flow | 3 | 8 | 8 | 10 | 12 | 8 | 9 | 2 | 8 | 11 | | CFO/OP | 103 | 114 | 117 | 100 | 100 | 90 | 132 | 57 | 91 | 104 | ### Ratios | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 27 | 22 | 26 | 27 | 36 | 38 | 21 | 27 | 33 | 30 | | Inventory Days | 61 | 91 | 58 | 77 | 74 | 63 | 51 | 56 | 85 | 98 | | Days Payable | 108 | 100 | 85 | 71 | 102 | 60 | 41 | 68 | 69 | 49 | | Cash Conversion Cycle | -19 | 13 | -1 | 33 | 7 | 41 | 31 | 14 | 48 | 79 | | Working Capital Days | 22 | 17 | 9 | 17 | 20 | 931 | 662 | 916 | 1011 | 1014 | | ROCE % | 28 | 19 | 18 | 21 | 21 | 15 | 12 | 17 | 17 | 17 | ## Shareholding Pattern ### annual | Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 65.21% | 63.31% | 63.31% | 63.3% | 63.3% | 63.3% | 63.29% | 63.27% | 63.27% | 63.27% | 63.27% | | FIIs | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | | Public | 34.79% | 36.68% | 36.69% | 36.7% | 36.7% | 36.7% | 36.71% | 36.73% | 36.73% | 36.72% | 36.73% | | No. of Shareholders | 7477 | 11130 | 11311 | 10486 | 9940 | 10662 | 10337 | 9980 | 10838 | 10672 | 11051 | ### Quarterly | Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | 63.27% | | Public | 36.73% | 36.73% | 36.73% | 36.73% | 36.73% | 36.73% | 36.73% | 36.73% | 36.73% | 36.73% | 36.72% | 36.73% | | No. of Shareholders | 10383 | 10137 | 9980 | 10763 | 10717 | 10873 | 10838 | 11321 | 11229 | 10976 | 10672 | 11051 | ## Technical Indicators Derived from daily closing prices and recomputed each trading session; values move with the market. - **Overall Signal:** Sell - **Buy / Neutral / Sell:** 6 / 5 / 8 ### Moving Averages — summary: **Strong Sell** | Indicator | Value | Signal | | --- | --- | --- | | SMA (10) | 430.43 | Buy | | EMA (10) | 432.24 | Buy | | SMA (20) | 431.79 | Buy | | EMA (20) | 435.7 | Sell | | SMA (50) | 450.81 | Sell | | EMA (50) | 447.29 | Sell | | SMA (100) | 464.37 | Sell | | EMA (100) | 457.12 | Sell | | SMA (200) | 469.71 | Sell | | EMA (200) | 467.65 | Sell | ### Oscillators — summary: **Buy** | Indicator | Value | Signal | | --- | --- | --- | | RSI (14) | 43.1 | Neutral | | MACD (12,26,9) | -5.78 | Buy | | Stochastic (14,3,3) | 70.42 | Neutral | | ADX (14) | 31.74 | Buy | | Williams %R (14) | -44.38 | Neutral | | ATR (14) | 8.62 | Neutral | | ROC (12) | 1.09 | Buy | | Stoch RSI (14) | 80.27 | Sell | | UO (7,14,28) | 49.3 | Neutral | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 8 Jul - Panasonic Carbon says Regulation 57 is not applicable; it has no non-convertible securities. | [Compliance-57 (5) : intimation after the end of quarter 8 Jul - Panasonic Carbon says Regulation 57 is not applicable; it has no non-convertible securities.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e835b87b-772b-4f6e-bccb-29ea74bcb20d.pdf) | | 31 Jul - Board meeting on 13 Aug 2026 to approve Q1 FY2027 results; trading window closed 1 Jul-15 Aug 2026. | [Board Meeting Intimation for Intimation Of Board Meeting For Approval Of Unaudited Financial Results For The Quarter Ended 30Th June 2026 31 Jul - Board meeting on 13 Aug 2026 to approve Q1 FY2027 results; trading window closed 1 Jul-15 Aug 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fad39991-ec61-4a09-8727-52303412d32f.pdf) | | 14 Aug - The Newspaper Advertisement of the Unaudited Financial Results for the quarter ended 30th June 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - The Newspaper Advertisement of the Unaudited Financial Results for the quarter ended 30th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14c7fe97-1a7f-4b50-b1b9-2775b0e7cb1a.pdf) | | 13 Aug - Board approved Q1 FY27 unaudited results; PAT ₹42.57 lakh, revenue ₹11.10 crore, unmodified review report. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 13Th August 2026 13 Aug - Board approved Q1 FY27 unaudited results; PAT ₹42.57 lakh, revenue ₹11.10 crore, unmodified review report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52d9072e-41d8-45f3-96cf-8346c16a81e9.pdf) | | — | [Unaudited Financial Results For The Quarter Ended 30Th June 2026 13 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7ab9458-1983-4400-be95-563ee04d0398.pdf) | ### Annual Reports | Date | Document | | --- | --- | | from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a76cd16-b237-48f0-816b-fc441dc8b775.pdf) | | from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a3c629b-fae2-4c5d-b726-57656b6c38a6.pdf) | | from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f7ab3cbc-b596-4c79-901b-f83a17e78e5c.pdf) | | from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74ebe28b-e993-4e8b-b905-1b42d8b14be6.pdf) | | from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/508941/73161508941.pdf) | | from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/508941/69641508941.pdf) | | from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/508941/65614508941.pdf) | | from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/508941/5089410319.pdf) | | from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/508941/5089410318.pdf) | | from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/508941/5089410317.pdf) | --- Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:49:59.679Z.