Panama Petrochem Limited

BSE: 524820 NSE: PANAMAPET
Panama Petrochem Limited - chemicals and materials in Ankleshwar, Gujarat, India. FY 2026 financials & compliance.
CIN L23209GJ1982PLC005062 Incorporated 09 March 1982 ROC Ahmedabad HQ Ankleshwar, Gujarat, India
Active Listed - NSE: PANAMAPET · BSE: 524820 Public Limited Company chemicals and materials
Data last updated
Market Cap
₹2,758 Cr
PANAMAPET · NSE
Share Price
₹450.60
-1.16% today
Revenue
₹3,064 Cr
FY 2025-26 · +9.7% YoY
EBITDA
₹276 Cr
Margin 9.0%
Net Profit
₹212 Cr
FY 2025-26 · +13.6% YoY
P/E (TTM)
5.9x
P/B 1.9x
ROE
15.6%
ROCE 19.1%
Debt / Equity
0.05
Interest cover 4.6x

About Panama Petrochem Limited

Data last updated:

Panama Petrochem Limited is a public limited company based in Ankleshwar, Gujarat, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 09 March 1982 and has been in existence for over 44 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L23209GJ1982PLC005062. Its GSTIN is 24AACCP4358D2ZN (Gujarat). The company holds 7 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 524820 and NSE: PANAMAPET.

The company has an authorised share capital of ₹25.55 Cr and a paid-up capital of ₹12.1 Cr. It was formerly known as Panama Petrochem Private Limited. It is led by directors including Hussein Vazirali Rayani (Managing Director) and Samir Akbarali Rayani (Managing Director).

Its last annual general meeting (AGM) was held on 24 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No 3303 GIDC Estate, Ankleshwar, Gujarat, India – 393002.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,064.26 Cr, a growth of 9.7% compared to the previous year. For the same year it recorded a net profit of ₹212.48 Cr (net margin 6.9%) and EBITDA of ₹275.55 Cr (EBITDA margin 9%). The net worth stands at ₹1,468.68 Cr (up 17% YoY). Total assets are valued at ₹1,582.68 Cr (up 22.7% YoY).

The company has about 130 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Panama Petrochem. As per MCA filings, the company has open charges of ₹748 Cr and satisfied charges of ₹1,104.65 Cr on record. Court records list 111 cases involving the company, including 86 filed by the company and 25 filed against it; 13 cases are pending. The company has 56 deals on record (56 market trades); the latest was in June 2026. Its 7 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 4 larger and 3 smaller; the largest is Savita Oil Technologies Limited with revenue of ₹3,859.7 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panamapetro.com.

Company details

CIN L23209GJ1982PLC005062
Registration Number 005062
Incorporation Date 09 March 1982
ROC Ahmedabad
Listing Status Listed - Listed on NSE (PANAMAPET); Listed on BSE (524820)
Company Status Active
Date of Last AGM 24 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Panama Petrochem has one previous CIN (Corporate Identification Number): U23209GJ1982PTC005062. The current CIN is L23209GJ1982PLC005062, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L23209GJ1982PLC005062Current
U23209GJ1982PTC005062Previous
Key People
Hussein Vazirali Rayani Managing Director Samir Akbarali Rayani Managing Director Arif Amirali Rayani Whole-Time Director

Contact details

Panama Petrochem Limited's registered office is in Ankleshwar, Gujarat. Its website is panamapetro.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    panamapetro.com
  • Social Media
  • Registered Address
    Plot No 3303 GIDC Estate, Ankleshwar, Gujarat, India – 393002
  • Industry
    Chemicals and Materials, Petrochemicals & Derivatives

To see the full contact details of Panama Petrochem Limited, buy the company report.

Comprehensive company report
Panama Petrochem Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
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Brands

Panama Petrochem operates one associated brand: Panama Petrochem. Each brand links to its own profile.

BrandDescriptionWebsite
Panama Petrochem
Panama Petrochem Ltd. is engaged in manufacturing petroleum specialty products.panamapetro.com

Business activity

The main business activity of Panama Petrochem is manufacturing. In detail, this covers coke and refined petroleum products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC5Coke and refined petroleum products

To see the full business activity and turnover split of Panama Petrochem Limited, buy the company report.

Financials of Panama Petrochem Limited

FY 2025-26 filings available

Panama Petrochem Limited reported revenue of ₹3,064.26 Cr (up 9.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,064 Cr
+9.7% YoY
EBITDA
₹276 Cr
+11.7% YoY
Profit After Tax
₹212 Cr
+13.6% YoY
Net Worth
₹1,469 Cr
+17.0% YoY
Total Assets
₹1,583 Cr
+22.7% YoY
Total Debt
₹111 Cr
+240.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,0642,7932,3572,2492,1321,4471,003
Revenue growth+9.7%+18.5%+4.8%+5.5%+47.4%+44.3%-
EBITDA27624725430929619053.24
EBITDA margin+9.0%+8.8%+10.8%+13.7%+13.9%+13.1%+5.3%
Profit before tax26322824129528618032.15
Net profit21218719223323013528.77
Net profit margin+6.9%+6.7%+8.2%+10.4%+10.8%+9.4%+2.9%
EPS (₹)35.1230.9132.2638.5138.0722.374.76
Balance sheet
Total assets1,5831,2901,131954799627485
Net worth1,4691,2551,103952768561433
Total debt11132.6026.010.4430.0765.6550.67
Cash & bank82.3818213322213974.7840.88
Net working capital1,167946849696566428301
Cash flow
Cash from operations(69.38)162(27.95)21017056.07179
Cash from investing(71.33)(11.79)66.43(78.82)(111)(14.81)(19.53)
Cash from financing45.02(77.86)(40.42)(96.03)(67.47)(1.29)(136)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,735823775773693695728699
Revenue growth (YoY)+150.3%+18.4%+6.5%+10.6%+3.4%---
Other income3.882.952.822.964.013.793.842.70
EBITDA38891.4060.6168.6854.8659.4562.9958.38
EBITDA margin+22.4%+11.1%+7.8%+8.9%+7.9%+8.6%+8.7%+8.4%
Depreciation3.683.643.383.473.303.263.632.74
Interest5.503.152.393.432.994.554.235.79
Profit before tax38387.5657.6664.7452.5855.4358.9752.55
Tax73.6716.4811.8511.759.9611.1610.478.46
Net profit30971.0845.8152.9942.6244.2748.5044.09
EPS (₹)51.0611.757.578.767.047.328.027.29
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,9621,7761,7251,7081,5401,202813
Revenue growth+10.5%+3.0%+1.0%+11.0%+28.1%+47.8%-
EBITDA19716818925223117236.13
EBITDA margin+10.0%+9.5%+11.0%+14.8%+15.0%+14.3%+4.4%
Profit before tax19315817724222716821.58
Net profit14311713118017112318.20
Net profit margin+7.3%+6.6%+7.6%+10.6%+11.1%+10.3%+2.2%
EPS (₹)23.6819.2721.6929.8528.3320.403.01
Balance sheet
Total assets1,108937883772647508385
Net worth1,053933855771646499382
Total debt52.362.8726.010.440.268.271.70
Cash & bank33.4034.1463.0116912042.1733.61
Net working capital749614591519421318207
Cash flow
Cash from operations14.5677.70(32.13)14415130.90166
Cash from investing(38.20)(33.02)85.15(77.56)(110)(12.58)(13.88)
Cash from financing22.96(73.75)(39.18)(64.41)(36.85)(6.91)(126)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,248550484504424456461445
Revenue growth (YoY)+194.2%+20.7%+5.0%+13.1%+2.6%---
Other income4.222.543.902.923.764.443.292.37
Total expenses956485439457385414419407
EBITDA29265.3045.2247.1639.3741.6742.3838.19
EBITDA margin+23.4%+11.9%+9.3%+9.4%+9.3%+9.1%+9.2%+8.6%
Depreciation2.352.132.102.192.132.052.001.95
Interest2.962.311.102.662.233.642.725.14
Profit before tax29163.4045.9245.2338.7740.4240.9533.47
Tax73.6716.4811.8511.759.9611.1610.478.46

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,735823775773693695728699
Revenue growth (YoY)+150.3%+18.4%+6.5%+10.6%+3.4%---
Other income3.882.952.822.964.013.793.842.70
EBITDA38891.4060.6168.6854.8659.4562.9958.38
EBITDA margin+22.4%+11.1%+7.8%+8.9%+7.9%+8.6%+8.7%+8.4%
Depreciation3.683.643.383.473.303.263.632.74
Interest5.503.152.393.432.994.554.235.79
Profit before tax38387.5657.6664.7452.5855.4358.9752.55
Tax73.6716.4811.8511.759.9611.1610.478.46
Net profit30971.0845.8152.9942.6244.2748.5044.09
EPS (₹)51.0611.757.578.767.047.328.027.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,0642,7932,3572,2492,1321,4471,003
Revenue growth+9.7%+18.5%+4.8%+5.5%+47.4%+44.3%-
Other income12.7412.2814.486.585.736.323.60
Total expenses2,7892,5462,1031,9401,8361,257950
Employee cost38.9428.1114.6224.2524.0226.339.96
EBITDA27624725430929619053.24
EBITDA margin+9.0%+8.8%+10.8%+13.7%+13.9%+13.1%+5.3%
Depreciation13.7912.379.839.438.417.617.25
Interest11.9618.1617.9611.577.068.9517.44
Profit before tax26322824129528618032.15
Tax50.0441.3545.6261.5855.9244.163.37
Net profit21218719223323013528.77
Net profit margin+6.9%+6.7%+8.2%+10.4%+10.8%+9.4%+2.9%
EPS (₹)35.1230.9132.2638.5138.0722.374.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.1012.1012.1012.1012.1012.1012.10
Reserves & surplus1,4571,2431,091940756549421
Shareholders' funds (net worth)1,4691,2551,103952768561433
Minority interest0.000.000.000.000.000.000.00
Secured loans77.902.4925.490.0029.8165.1749.69
Unsecured loans32.9630.110.520.440.260.480.98
Total debt11132.6026.010.4430.0765.6550.67
Total liabilities1,5831,2901,131954799627485
Assets
Gross block421399362315289237216
Net block321312287248230185173
Capital work in progress47.8119.171.1913.044.9722.4017.24
Investments49.1818.851.974.454.920.080.07
Inventories669409492324491365254
Sundry debtors574503406349317323251
Cash & bank balances82.3818213322213974.7840.88
Loans & advances16874.6886.1572.8164.2721.2019.88
Total current assets1,4931,1691,1179681,012784566
Total current liabilities326223267272446356265
Net working capital1,167946849696566428301
Total assets1,5831,2901,131954799627485
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash16794.5996.5361.8870.4230.457.48
Net cash from operating activities(69.38)162(27.95)21017056.07179
Net cash from investing activities(71.33)(11.79)66.43(78.82)(111)(14.81)(19.53)
Net cash from financing activities45.02(77.86)(40.42)(96.03)(67.47)(1.29)(136)
Net change in cash(95.69)72.46(1.94)34.65(8.54)39.9722.97
Closing cash82.3818213322213974.7840.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.7%+18.5%+4.8%+5.5%+47.4%+44.3%-
EBITDA growth+11.7%-2.9%-17.8%+4.4%+56.0%+256.4%-
PBT growth+15.0%-5.2%-18.3%+2.9%+59.5%+458.4%-55.1%
Net income growth+13.6%-2.6%-17.5%+1.1%+70.2%+370.5%-
Revenue CAGR (3Y)+10.9%+9.4%+17.7%+30.9%+18.9%+3.0%+6.4%
EBITDA CAGR (3Y)-3.7%-5.9%+10.2%+79.7%+43.6%+20.8%-10.8%
Profitability & leverage
Net income margin+6.9%+6.7%+8.3%+10.4%+10.8%+9.4%+2.9%
Return on capital employed+19.1%+20.4%+24.8%+34.9%+41.1%+33.9%+9.4%
Return on net worth+15.6%+15.9%+19.0%+27.1%+34.7%+27.2%+6.8%
Debt / equity0.050.020.010.020.070.120.25
Long-term debt / equity0.020.010.000.000.000.000.00
Interest cover4.577.757.353.862.454.9137.92
Efficiency & per share
Fixed asset turnover7.477.346.967.458.116.394.90
Inventory turnover5.696.205.785.524.984.683.15
Debtors turnover5.696.146.256.756.665.043.55
EPS (₹)35.1230.9132.2638.5138.0722.374.76
Dividend per share (₹)3.003.007.008.008.002.001.20
Book value per share (₹)242.76207.44182.27157.37126.9892.7371.58
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,248550484504424456461445
Revenue growth (YoY)+194.2%+20.7%+5.0%+13.1%+2.6%---
Other income4.222.543.902.923.764.443.292.37
Total expenses956485439457385414419407
EBITDA29265.3045.2247.1639.3741.6742.3838.19
EBITDA margin+23.4%+11.9%+9.3%+9.4%+9.3%+9.1%+9.2%+8.6%
Depreciation2.352.132.102.192.132.052.001.95
Interest2.962.311.102.662.233.642.725.14
Profit before tax29163.4045.9245.2338.7740.4240.9533.47
Tax73.6716.4811.8511.759.9611.1610.478.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,9621,7761,7251,7081,5401,202813
Revenue growth+10.5%+3.0%+1.0%+11.0%+28.1%+47.8%-
Other income13.1211.9411.276.225.556.723.52
Total expenses1,7651,6071,5361,4561,3081,031777
Employee cost31.6524.4711.6121.0320.1925.139.23
EBITDA19716818925223117236.13
EBITDA margin+10.0%+9.5%+11.0%+14.8%+15.0%+14.3%+4.4%
Depreciation8.557.966.636.105.444.964.72
Interest8.3014.4816.7210.104.245.8013.35
Profit before tax19315817724222716821.58
Tax50.0441.3545.6261.5855.9244.163.37
Net profit14311713118017112318.20
Net profit margin+7.3%+6.6%+7.6%+10.6%+11.1%+10.3%+2.2%
EPS (₹)23.6819.2721.6929.8528.3320.403.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.1012.1012.1012.1012.1012.1012.10
Reserves & surplus1,041921843759634487370
Shareholders' funds (net worth)1,053933855771646499382
Secured loans52.172.4925.490.000.007.790.72
Unsecured loans0.190.380.520.440.260.480.98
Total debt52.362.8726.010.440.268.271.70
Total liabilities1,108937883772647508385
Assets
Gross block327305299239214163148
Net block257244245191171124115
Capital work in progress16.9013.671.1913.044.9722.4017.24
Investments85.7970.7153.8356.3156.7851.9351.93
Inventories465326361277439260192
Sundry debtors473395379313265293191
Cash & bank balances33.4034.1463.0116912042.1733.61
Loans & advances71.3954.6125.6118.5335.1917.2318.08
Total current assets1,043810828778858612435
Total current liabilities293195237259438294228
Net working capital749614591519421318207
Total assets1,108937883772647508385
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash32.9662.0348.1945.9641.5030.093.62
Net cash from operating activities14.5677.70(32.13)14415130.90166
Net cash from investing activities(38.20)(33.02)85.15(77.56)(110)(12.58)(13.88)
Net cash from financing activities22.96(73.75)(39.18)(64.41)(36.85)(6.91)(126)
Net change in cash(0.68)(29.07)13.842.234.4611.4126.48
Closing cash33.4034.1463.0116912042.1733.61
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.5%+3.0%+1.0%+11.0%+28.1%+47.8%-
EBITDA growth+17.0%-10.9%-25.1%+8.9%+34.9%+375.0%-
PBT growth+22.4%-10.7%-27.0%+6.5%+35.6%+676.6%-62.6%
Net income growth+22.9%-10.7%-27.6%+5.2%+38.9%+578.2%-
Revenue CAGR (3Y)+4.7%+4.9%+12.8%+28.1%+12.6%+0.9%+3.9%
EBITDA CAGR (3Y)-7.9%-10.1%+3.3%+91.1%+43.3%+20.9%-19.2%
Profitability & leverage
Net income margin+7.3%+6.6%+7.6%+10.6%+11.1%+10.3%+2.2%
Return on capital employed+19.7%+19.0%+23.4%+35.6%+40.1%+38.8%+8.1%
Return on net worth+14.4%+13.0%+16.1%+25.5%+30.0%+28.0%+4.8%
Debt / equity0.030.020.020.000.010.010.14
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover4.409.029.174.111.883.4842.50
Efficiency & per share
Fixed asset turnover6.215.886.417.548.177.735.66
Inventory turnover4.965.175.414.784.415.323.23
Debtors turnover4.524.594.995.915.524.973.58
EPS (₹)23.6819.2721.6929.8528.3320.403.01
Dividend per share (₹)3.003.007.008.008.002.001.20
Book value per share (₹)174.08154.15141.40127.39106.7782.4563.23

To see the full year-wise statements and ratios of Panama Petrochem Limited, buy the company report.

Board of directors of Panama Petrochem Limited

Panama Petrochem has 9 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Almas Satyen Nanda
Also directs: Inc.5 Shoes Private Limited
Director13 Feb 20251 Years 8 MonthsCurrent
Arvind Maganlal Shah
Also directs: Veer Energy & Infrastructure Limited
Director01 Aug 20233 Years 2 MonthsCurrent
Hussein Vazirali Rayani
Also directs: H.A.Constructions Private Limited
Managing Director26 Sep 201610 Years 1 MonthsCurrent
Kumar Raju Nandimandalam
Also directs: L S R Speciality Oils Private Limited, LSR Lubricants Private Limited
Director10 Aug 20188 Years 2 MonthsCurrent
Arif Amirali Rayani
Also directs: H.A.Constructions Private Limited, Dunhill Development P Ltd, Anirudh Distributors Private Limited
Whole-Time Director01 Aug 20233 Years 2 MonthsCurrent
Samir Akbarali Rayani
Also directs: Panama Builders and Developers Private Limited
Managing Director01 Jun 201016 Years 4 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Peer comparison

Panama Petrochem Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Savita Oil Technologies Limited₹3,859.7 Cr (FY 2025)1.0%Mumbai, Maharashtra, India
Brahmaputra Cracker and Polymer Limited₹3,822.75 Cr (FY 2025)19.0%Gmc, Assam, India
Gulf Oil Lubricants India Limited₹3,729.9 Cr (FY 2025)11.0%Mumbai, Maharashtra, India
Ongc Mangalore Petrochemicals Limited₹3,398.63 Cr (FY 2021)-31.0%Mangalore, Karnataka, India
Panama Petrochem Limitedthis company₹3,064.26 Cr (FY 2026)₹212.48 Cr6.9%9.7%130Ankleshwar, Gujarat, India
Epsilon Carbon Private Limited₹2,733.41 Cr (FY 2025)6.0%Mumbai, Maharashtra, India
Agarwal Industrial Corporation Limited₹2,409.47 Cr (FY 2025)13.0%Mumbai, Maharashtra, India
Valvoline Cummins Private Limited₹2,361.03 Cr (FY 2025)4.0%New Delhi, Delhi, India

To see the full peer comparison of Panama Petrochem Limited, buy the company report.

Auditor

Panama Petrochem Limited is audited by JMR & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
JMR & Associates LLPFY 2023106912W / W100300

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 63.20%, foreign institutional investors hold 11.70%, domestic institutional investors hold 0.70% and retail and other public shareholders hold 24.40%.

Promoters: 63.20%DII (Domestic Institutional): 0.70%FII (Foreign Institutional): 11.70%Retail & Others: 24.40%
Sep 2026
QUARTER
63.20% Promoters
0.70% DII (Domestic Institutional)
11.70% FII (Foreign Institutional)
24.40% Retail & Others
Promoter holding - history
Now 63.20% · Sep 2026High 63.20% · Mar 2026Low 63.00% · Dec 2025
62%62.8%63.5%64.3%65%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 63.00%Mar 2026: 63.20%Jun 2026: 63.20%Sep 2026: 63.20%63.20%63.00%63.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters63.20%63.20%63.20%63.00%
Public36.80%36.80%36.80%37.00%

Charges & borrowings

Open charges
₹748 Cr
Satisfied charges
₹1,104.65 Cr
Breakdown by lending institutions
Others₹281.00 Cr
Hdfc Bank Limited₹130.00 Cr
Yes Bank Limited₹130.00 Cr
Axis Bank Limited₹90.00 Cr
Idbi Bank Limited₹65.00 Cr
Others₹52.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Feb 2020100329724Others₹80 CrOpen
18 Dec 2017100146511Axis Bank Limited₹90 CrOpen
17 Nov 2017100139763Others₹65 CrOpen
30 Jan 2017100080394Hdfc Bank Limited₹130 CrOpen
28 Dec 2016100077048Others₹96 CrOpen

To see the full charge records of Panama Petrochem Limited, buy the company report.

Total charge records: 25 View all charges

Deals & funding

Panama Petrochem Limited has 56 deals on record (56 market trades); the latest was in June 2026.

Total deals
56
Market trades
56

Deals on record (5 of 56)

WhenDealAmountParties
Jun 2026Market trade₹59.21 CrBuyer: Microcurves Trading Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited
Seller: Microcurves Trading Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited
Jun 2026Market trade₹69.64 CrBuyer: NK Securities Research Private Limited , Microcurves Trading Private Limited , Blitzquant Research LLP
Seller: NK Securities Research Private Limited , Microcurves Trading Private Limited , Blitzquant Research LLP
May 2024Market trade₹11.97 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
May 2024Market trade₹14.96 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Feb 2014Market trade₹83.3 LakhBuyer: Panama Petrochem Limited

To see the full deal history of Panama Petrochem Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Panama Petrochem Limited was last rated by Care on 22 Sep 2025.

Rating agencyRated onRating
Care22 Sep 2025

To see the full credit ratings and regulatory alerts of Panama Petrochem Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Panama Petrochem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Panama Petrochem Limited has a workforce of 130 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.

Employee count
130
Active EPFO establishments
1
Employee growth
0.78%

GST

Panama Petrochem has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
7
Active
5
Cancelled / inactive
2
GSTINStateStatusRegistered on
24AACCP4358D2ZNGujaratActive09 Jul 2017
06AACCP4358D1ZMHaryanaActive01 Jul 2017
27AACCP4358D1ZIMaharashtraActive01 Jul 2017
27AACCP4358D2ZHMaharashtraActive14 Jul 2017

To see the full GST registrations and return filing status of Panama Petrochem Limited, buy the company report.

Recent activity

Panama Petrochem Limited has 21 board changes on record since 2007: 9 appointments and 12 cessations. The latest: Almas Satyen Nanda was appointed as Director on 13 Feb 2025.

Charges
A charge with Yes Bank Limited of Rs. 130.00 Cr registered on 19 Aug 2009 with Charge ID 10177511 was modified on 25 Aug 2026.
AGM
Panama Petrochem Limited last Annual general meeting of members was held on 24 Aug 2026 as per latest MCA records.
Charges
A charge registered on 23 Apr 2010 via Charge ID 10215379 with Citi Bank N.A. was fully satisfied on 27 Jul 2026.
Filing
Panama Petrochem Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Almas Satyen Nanda was appointed as Director.
Ceased
Madan Mohan Jain ceased to be Director.
Ceased
Mukesh Trambaklal Mehta ceased to be Director.
Appointed
Arif Amirali Rayani was appointed as Whole-Time Director.
Appointed
Arvind Maganlal Shah was appointed as Director.
Appointed
Ashok Bhulchand Mukhi was appointed as Director.
Charges
A charge with Others of Rs. 80.00 Cr registered on 28 Feb 2020 with Charge ID 100329724 was modified on 15 Nov 2021.
Charges
A charge with Axis Bank Limited of Rs. 90.00 Cr registered on 18 Dec 2017 with Charge ID 100146511 was modified on 14 Jun 2021.

73 earlier events are in the company report.

News

Frequently asked questions

Panama Petrochem is an active public limited company based in Ankleshwar, Gujarat, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 09 March 1982 (44+ years old) and is registered under CIN L23209GJ1982PLC005062. Listed on BSE: 524820 and NSE: PANAMAPET.

Panama Petrochem reported revenue of ₹3,064.26 Cr for FY 2025-26 (up 9.7% YoY) based on consolidated financials.

Panama Petrochem has 9 current directors:

The latest financial statements of Panama Petrochem on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Panama Petrochem is 24AACCP4358D2ZN, registered in Gujarat. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 06AACCP4358D1ZM (Haryana), 27AACCP4358D1ZI (Maharashtra), 27AACCP4358D2ZH (Maharashtra).

The CIN (Corporate Identification Number) of Panama Petrochem is L23209GJ1982PLC005062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Panama Petrochem is a listed company as per MCA records. Its shares are listed on both BSE (code: 524820) and NSE (symbol: PANAMAPET).

Panama Petrochem has 111 court cases on record: 86 filed by the company and 25 filed against it. 13 are pending. Most are in the district courts.

Panama Petrochem was incorporated on 09 March 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Panama Petrochem has 56 deals on record (56 market trades); the latest was in June 2026.

The peers of Panama Petrochem by revenue are Savita Oil Technologies Limited, Brahmaputra Cracker and Polymer Limited, Gulf Oil Lubricants India Limited, Ongc Mangalore Petrochemicals Limited, Epsilon Carbon Private Limited and 2 more, all in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products).