Panjon Limited

BSE: 526345
Panjon Limited - healthcare in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L24232MP1983PLC002320 Incorporated 23 December 1983 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Listed - BSE: 526345 Public Limited Company healthcare
Data last updated
Market Cap
₹37.37 Cr
PANJON · BSE
Share Price
₹21.99
+1.01% today
Revenue
₹12.26 Cr
FY 2015-16 · -48.1% YoY
EBITDA
−₹0.26 Cr
Margin -2.1%
Net Profit
₹0.37 Cr
FY 2015-16 · +9998.0% YoY
P/E (TTM)
63.1x
P/B 2.3x
ROE
1.8%
ROCE 0.1%
Debt / Equity
0.09
Interest cover 0.0x

About Panjon Limited

Data last updated: 01 October 2026

Panjon Limited is a public limited company based in Indore, Madhya Pradesh, India. It specialises in ayurvedic products and services, a part of the broader healthcare sector. Incorporated on 23 December 1983, the company has been in operation for over 43 years.

Registered with ROC Gwalior under CIN L24232MP1983PLC002320. Listed on BSE: 526345.

Capital: an authorised share capital of ₹18.5 Cr and a paid-up capital of ₹17.16 Cr. Formerly known as Panjon Private Limited. It is led by directors including Pooja Vishal Bhandari and Jay Kothari.

Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Indore, Madhya Pradesh.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹47.62 Cr, a growth of 56.34% compared to the previous year.

The company has a workforce of approximately 6 employees as per the latest available data.

The company is associated with 1 brand - Panjon. As per MCA filings, the company has open charges of ₹5.89 Cr and satisfied charges of ₹8 Cr on record.

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

Company Details of Panjon Limited
CIN L24232MP1983PLC002320
Registration Number 002320
Incorporation Date 23 December 1983
ROC Gwalior
Listing Status Listed (BSE: 526345)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Jay Kothari Managing Director Pooja Vishal Bhandari Director Anju Kothari Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    panjon.in
  • Social Media
  • Registered Address
    1 Panjon Farm House Near Hinkargiri Tirth Airport Bijasan R, Oad, Indore, Madhya Pradesh, India – 452005
  • Industry
    Healthcare, Ayurvedic Products & Services
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Financials, compliance, directors, charges, ownership and filings for Panjon Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Panjon

Panjon has one previous CIN (Corporate Identification Number): U24232MP1983PLC002320. The current CIN is L24232MP1983PLC002320, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24232MP1983PLC002320Current
U24232MP1983PLC002320Previous

Associated Brands with Panjon

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

BrandDescriptionWebsite
Panjon
Ayurvedic formulations are manufactured and supplied by Panjon.panjon.in

Business Activity of Panjon

The main business activity of Panjon is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical productsLocked
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Business activity turnover details for Panjon Limited

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Auditor Details of Panjon

Panjon Limited is audited by Giriraj & Lohiya for the financial year 2022.

NameStatusAppointment DateCessation Date
Giriraj & LohiyaLockedLockedLocked
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Complete auditor history for Panjon Limited

Appointment and cessation dates and past auditor changes are in the company report.

  • Appointment status
  • Appointment dates
  • Cessation dates
  • Auditor changes

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Board of Directors of Panjon Limited

Panjon has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pooja Vishal BhandariDirector27 Sep 20179 Years 0 MonthsCurrent
Jay Kothari
Also directs: Raunaq Laboratories Ltd
Managing Director03 Sep 201511 Years 0 MonthsCurrent
Anju Kothari
Also directs: Sanitex Chemicals Limited
Director14 Feb 20197 Years 7 MonthsCurrent
Athak MahajanDirector31 Aug 20233 Years 1 MonthsCurrent
Rajiv KumarDirector31 Aug 20233 Years 1 MonthsCurrent
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Financials of Panjon Limited FY 2025-26 filings available

Panjon Limited reported revenue of ₹47.62 Cr (up 56.34% YoY) for FY 2025-26.

Financial Highlights

FY 2015-16 · Consolidated
Revenue
₹12.26 Cr
-37.1% YoY
EBITDA
−₹0.26 Cr
+94.4% YoY
Profit After Tax
₹0.37 Cr
+110.8% YoY
Net Worth
₹16.39 Cr
+2.3% YoY
Total Assets
₹17.80 Cr
+1.4% YoY
Total Debt
₹1.41 Cr
-7.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2015-16FY 2014-15
Income statement
Revenue12.2619.48
Revenue growth-48.1%+9997.0%
EBITDA(0.26)(4.62)
EBITDA margin-2.1%-23.7%
Profit before tax0.03(4.71)
Net profit0.37(3.43)
Net profit margin+3.0%-17.6%
EPS (₹)0.230.00
Balance sheet
Total assets17.8017.55
Net worth16.3916.02
Total debt1.411.52
Cash & bank0.250.70
Net working capital14.8414.85
Cash flow
Cash from operations(0.20)0.89
Cash from investing(0.06)4.74
Cash from financing(0.19)(5.14)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue47.6230.4612.556.098.4314.5426.43
Revenue growth+56.4%+137.4%+105.9%-51.1%-13.0%-45.0%+1.9%
EBITDA0.980.64(0.01)(0.01)(4.05)0.190.33
EBITDA margin+2.1%+2.1%-0.1%-0.2%-48.0%+1.3%+1.3%
Profit before tax0.710.540.160.11(4.02)0.190.20
Net profit0.600.410.160.80(4.16)0.10(0.02)
Net profit margin+1.3%+1.4%+1.3%+13.1%-49.4%+0.7%-0.1%
EPS (₹)0.040.230.090.52(2.68)0.06(0.02)
Balance sheet
Total assets-19.1916.2914.2613.4718.1418.28
Net worth-16.5514.8513.4812.6616.8116.73
Total debt-2.651.440.780.811.331.56
Cash & bank-0.442.721.471.440.310.28
Net working capital-11.8011.4510.018.3510.9310.56
Cash flow
Cash from operations-(4.34)(0.42)0.041.820.340.35
Cash from investing-(0.44)(0.21)(0.19)(0.19)(0.06)(0.51)
Cash from financing-2.501.880.18(0.51)(0.24)(0.07)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.0712.1214.1414.956.4213.8311.163.38
Revenue growth (YoY)+25.7%-12.4%+26.7%+342.3%+207.2%+166.0%+132.0%+160.0%
Other income0.070.170.040.050.040.050.080.08
Total expenses7.8911.8713.8614.686.2213.5210.933.31
EBITDA0.180.250.280.270.200.310.230.07
EBITDA margin+2.2%+2.1%+2.0%+1.8%+3.1%+2.2%+2.1%+2.1%
Depreciation0.080.140.040.040.080.080.050.05
Interest0.080.100.070.040.060.060.060.03
Profit before tax0.090.180.210.240.100.220.200.07
Tax0.000.110.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Oct 2026
ParticularsFY 2015-16FY 2014-15
Revenue12.2619.48
Revenue growth-48.1%+9997.0%
Other income0.430.04
Total expenses12.5224.10
Employee cost0.370.24
EBITDA(0.26)(4.62)
EBITDA margin-2.1%-23.7%
Depreciation0.140.13
Interest0.000.00
Profit before tax0.03(4.71)
Tax(0.34)(1.28)
Net profit0.37(3.43)
Net profit margin+3.0%-17.6%
EPS (₹)0.230.00
ParticularsFY 2015-16FY 2014-15
Equity & liabilities
Share capital15.5015.50
Reserves & surplus0.890.52
Shareholders' funds (net worth)16.3916.02
Minority interest0.000.00
Secured loans1.231.42
Unsecured loans0.180.10
Total debt1.411.52
Total liabilities17.8017.55
Assets
Gross block6.646.59
Net block0.830.92
Capital work in progress0.000.00
Investments1.091.08
Inventories2.942.50
Sundry debtors8.789.83
Cash & bank balances0.250.70
Loans & advances3.122.33
Total current assets15.0915.36
Total current liabilities0.250.51
Net working capital14.8414.85
Total assets17.8017.55
ParticularsFY 2015-16FY 2014-15
Opening cash0.700.21
Net cash from operating activities(0.20)0.89
Net cash from investing activities(0.06)4.74
Net cash from financing activities(0.19)(5.14)
Net change in cash(0.44)0.49
Closing cash0.250.70
ParticularsFY 2015-16FY 2014-15
Growth
Sales growth-37.1%+9997.0%
EBITDA growth+94.4%+9997.0%
PBT growth+9998.0%+9997.0%
Net income growth+9998.0%+9997.0%
Profitability & leverage
Net income margin+3.0%-17.6%
Return on capital employed+0.1%0.0%
Return on net worth+1.8%0.0%
Debt / equity0.090.09
Long-term debt / equity0.080.09
Interest cover0.000.00
Efficiency & per share
Fixed asset turnover1.852.96
Inventory turnover4.517.79
Debtors turnover1.321.98
EPS (₹)0.230.00
Dividend per share (₹)0.000.00
Book value per share (₹)10.5710.34
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.0712.1214.1414.956.4213.8311.163.38
Revenue growth (YoY)+25.7%-12.4%+26.7%+342.3%+207.2%+166.0%+132.0%+160.0%
Other income0.070.170.040.050.040.050.080.08
Total expenses7.8911.8713.8614.686.2213.5210.933.31
EBITDA0.180.250.280.270.200.310.230.07
EBITDA margin+2.2%+2.1%+2.0%+1.8%+3.1%+2.2%+2.1%+2.1%
Depreciation0.080.140.040.040.080.080.050.05
Interest0.080.100.070.040.060.060.060.03
Profit before tax0.090.180.210.240.100.220.200.07
Tax0.000.110.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue47.6230.4612.556.098.4314.5426.43
Revenue growth+56.4%+137.4%+105.9%-51.1%-13.0%-45.0%+1.9%
Other income0.300.310.450.380.300.330.29
Total expenses46.6429.8212.566.1012.4814.3526.10
Employee cost0.000.700.600.470.460.420.47
EBITDA0.980.64(0.01)(0.01)(4.05)0.190.33
EBITDA margin+2.1%+2.1%-0.1%-0.2%-48.0%+1.3%+1.3%
Depreciation0.300.230.220.210.200.230.27
Interest0.270.180.060.050.070.100.15
Profit before tax0.710.540.160.11(4.02)0.190.20
Tax0.110.130.00(0.69)0.140.090.22
Net profit0.600.410.160.80(4.16)0.10(0.02)
Net profit margin+1.3%+1.4%+1.3%+13.1%-49.4%+0.7%-0.1%
EPS (₹)0.040.230.090.52(2.68)0.06(0.02)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-17.1716.3115.5015.5015.5015.50
Reserves & surplus-(0.62)(1.46)(2.02)(2.84)1.311.23
Shareholders' funds (net worth)-16.5514.8513.4812.6616.8116.73
Secured loans-2.561.310.280.810.860.89
Unsecured loans-0.090.130.500.000.470.67
Total debt-2.651.440.780.811.331.56
Total liabilities-19.1916.2914.2613.4718.1418.28
Assets
Gross block-8.468.047.837.847.667.59
Net block-1.090.900.910.940.971.12
Capital work in progress-0.000.000.000.000.000.00
Investments-1.101.081.081.071.071.08
Inventories-4.623.743.483.773.873.81
Sundry debtors-3.261.811.560.613.713.30
Cash & bank balances-0.442.721.471.440.310.28
Loans & advances-4.344.294.143.114.164.10
Total current assets-12.6612.5610.658.9312.0511.49
Total current liabilities-0.861.110.640.581.120.93
Net working capital-11.8011.4510.018.3510.9310.56
Total assets-19.1916.2914.2613.4718.1418.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-2.721.471.440.310.280.50
Net cash from operating activities-(4.34)(0.42)0.041.820.340.35
Net cash from investing activities-(0.44)(0.21)(0.19)(0.19)(0.06)(0.51)
Net cash from financing activities-2.501.880.18(0.51)(0.24)(0.07)
Net change in cash-(2.27)1.250.041.120.04(0.22)
Closing cash-0.442.721.471.440.310.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+56.3%+142.7%+106.1%-27.8%-42.0%-45.0%+1.9%
EBITDA growth+53.1%+9998.0%0.0%+99.8%--42.4%+3.1%
PBT growth+31.5%+237.5%+45.5%+9998.0%--5.0%-31.0%
Net income growth+46.3%+156.3%-80.0%+9998.0%-+9998.0%-
Revenue CAGR (3Y)+98.5%+53.5%-4.8%-38.7%-31.3%-10.2%+23.7%
EBITDA CAGR (3Y)------23.2%-
Profitability & leverage
Net income margin+1.3%+1.4%+1.3%+13.1%-49.4%+0.7%-0.1%
Return on capital employed-+2.6%+0.9%+0.9%0.0%+1.4%0.0%
Return on net worth-+1.6%+0.6%+4.4%0.0%+0.5%0.0%
Debt / equity-0.130.080.060.070.090.10
Long-term debt / equity-0.010.01-1.900.050.070.08
Interest cover39.7143.90-26.09-22.73-1.65-250.00250.00
Efficiency & per share
Fixed asset turnover-3.691.580.781.091.913.61
Inventory turnover-7.293.481.682.213.797.11
Debtors turnover-12.027.455.613.904.1510.61
EPS (₹)0.040.230.090.52(2.68)0.06(0.02)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.009.649.118.708.1710.8510.79
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Shareholding Pattern of Panjon Limited

Shareholding for the quarter ended Mar 2026: promoters hold 56.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.30%.

Promoters: 56.70%Retail & Others: 43.30%
Mar 2026
QUARTER
56.70% Promoters
43.30% Retail & Others
Promoter holding - history
Now 56.70% · Mar 2026High 56.70% · Jun 2025Low 56.70% · Jun 2025
55%55.8%56.5%57.3%58%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 56.70%Sep 2025: 56.70%Dec 2025: 56.70%Mar 2026: 56.70%56.70%56.70%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters56.70%56.70%56.70%56.70%
Public43.30%43.30%43.30%43.30%

Group Structure of Panjon Limited

Panjon has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Associated companies

Charges & Borrowings of Panjon

Open charges
₹5.89 Cr
Satisfied charges
₹8 Cr
Breakdown by lending institutions
State Bank of India₹5.00 Cr
State Bank of Saurashtra₹0.52 Cr
Madhya Pradesh Financial Corporation.₹0.34 Cr
Ashok Leyland Finance Ltd.₹0.03 Cr
Latest charge details
DateLenderAmountStatus
09 Feb 2024State Bank of India₹4.95 CrOpen
23 May 2019State Bank of India₹5.4 LakhOpen
28 Apr 1993Ashok Leyland Finance Ltd.₹3.48 LakhOpen
23 Jun 1992Madhya Pradesh Financial Corporation.₹6.5 LakhOpen
23 Jun 1992Madhya Pradesh Financial Corporation.₹27 LakhOpen

Total charge records: 20 View all charges

Employees and EPFO Compliance at Panjon

Panjon Limited has a workforce of 6 employees as of Mar 27, 2024.

Employee count
6
Active EPFO establishments
1
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Employee and EPFO history for Panjon Limited

Monthly headcount, contribution history and filing status are in the company report.

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GST Compliance of Panjon

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GST registrations and filing compliance for Panjon Limited

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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Credit Ratings, Litigation & Regulatory Alerts for Panjon

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Credit ratings, litigation, and regulatory alerts for Panjon Limited

Credit ratings, court records and regulatory alerts are in the company report.

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MSME Payment Delays by Panjon

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MSME payment history for Panjon Limited

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Panjon

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Corporate group structure for Panjon Limited

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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MCA Filings & Documents of Panjon

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MCA filings and documents for Panjon Limited

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

  • Incorporation documents
  • Annual returns and statements
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  • Complete filing index

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Recent Activity on Panjon

Activity
30 Sep 2025
Panjon Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
28 Jul 2025
A charge with State Bank Of India of Rs. 4.95 Cr registered on 09 Feb 2024 with Charge ID 100866168 was modified on 28 Jul 2025.
Activity
31 Mar 2025
Panjon Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
11 Apr 2024
A charge registered on 12 Apr 2019 via Charge ID 100257638 with Axis Bank Limited was fully satisfied on 11 Apr 2024.
Charges
14 Feb 2024
A charge registered on 22 Nov 2022 via Charge ID 100659319 with Others was fully satisfied on 14 Feb 2024.
Charges
09 Feb 2024
A charge with State Bank Of India amounted to Rs. 4.95 Cr with Charge ID 100866168 was registered on 09 Feb 2024.

Frequently Asked Questions about Panjon Limited

Panjon is an active public limited company in the healthcare sector based in Indore, Madhya Pradesh, India. It was incorporated on 23 December 1983 (43+ years old) and is registered under CIN L24232MP1983PLC002320. Listed on BSE: 526345. The company has 6 employees.

Panjon reported revenue of ₹47.62 Cr for FY 2025-26 (up 56.34% YoY) based on standalone financials.

The current directors of Panjon are:

The primary industry of Panjon is healthcare. The company specifically operates in ayurvedic products and services. The company is currently active in this sector.

Yes. Panjon is listed on BSE with code 526345.

Panjon can be reached at the registered office: 1 Panjon Farm House Near Hinkargiri Tirth Airport Bijasan R, Oad, Indore, Madhya Pradesh, India – 452005, or through the website panjon.in.

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