Panasonic Carbon India Company Ltd (PANCARBON)

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Panasonic Carbon India Company Ltd (PANCARBON) · mywealthgrid

About

Panasonic Carbon India manufactures electrodes and refractories within the Industrials sector. With a market cap of ₹210 Cr and quarterly revenues around ₹12–15 Cr, it is a small-cap player. The company maintains high operating margins (33.14% OPM) and low financial leverage, though revenues have declined recently.

Face value: ₹10

Market cap

₹189 Cr

P/E

9.1×

P/B

1.0×

Dividend yield

3.1%

ROE

11.8%

ROCE

16.7%

Debt / equity

—

OPM

33.1%

EPS (TTM)

₹43.4

Book value

₹391.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue decline: Q4 FY25 at ₹12.69 Cr is down 14% from Jun 2024 peak (₹14.77 Cr), signalling lost volume or market position

Margin compression: OPM fell from 35.75% (Jun 2024) to 29.62% (Mar 2025)—a 600 bps drop—indicating input-cost or pricing pressure

ROE of 11.81% remains weak despite high margins; verify whether asset base, working capital, or inventory turnover is unproductive

Zero institutional holdings (FII 0%, DII 0%) suggest limited analyst coverage and liquidity risk in public shareholding

Generated analysis · source review pending

Growth drivers

Revenue recovery: Q4 FY25 at ₹12.69 Cr is down 14% from Jun 2024 peak; growth hinges on industrial demand normalisation

Margin recovery potential: OPM fell 600 bps from Jun 2024 to Mar 2025; re-approach to 35% levels depends on input-cost stabilisation

Stable profitability base: net profit held ₹4.5–6 Cr range despite flat revenue; reinvestment or dividend increases could compound returns

Dividend sustainability: regular annual dividends on ₹4.5–6 Cr profitability base; verify free cash flow adequacy and payout ratios

Generated analysis · source review pending

2,177 historical price candles were omitted because the exchange source has not been verified.

₹393.4-0.6%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 33.1%
+Dividend yield of 3.1%
+Dividend payout of 27.7% of profit
+High promoter holding of 63.3% with no pledge

Cons

−Modest revenue growth of 2.3% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 53
Growth: 31
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Graphite India LimitedGRAPHITEGRAPHITE	₹15,361 Cr	₹15,728 Cr	₹3,029 Cr	₹90 Cr	7.1%	₹213 Cr	6%	4.6%	3%	326
Raghav Productivity Enhancers LimitedRPELRPEL	₹8,349 Cr	₹8,354 Cr	₹286 Cr	₹85 Cr	29.3%	₹63 Cr	21.3%	30.7%	25%	255
Vesuvius India LimitedVESUVIUSVESUVIUS	₹8,203 Cr	₹8,203 Cr	₹2,107 Cr	₹354 Cr	17.1%	₹239 Cr	12.6%	22.5%	17.1%	46
Rhi Magnesita India LimitedRHIMRHIM	₹7,947 Cr	₹8,269 Cr	₹4,074 Cr	₹477 Cr	11%	₹-354 Cr	-9.5%	6.6%	-10.1%	126
Heg LimitedHEGAMHEGAM	₹4,618 Cr	₹5,411 Cr	₹2,640 Cr	₹263 Cr	15.5%	₹359 Cr	13.3%	6.9%	7.4%	323
Ifgl Refractories LimitedIFGLEXPORIFGLEXPOR	₹1,367 Cr	₹1,562 Cr	₹1,953 Cr	₹137 Cr	7.2%	₹41 Cr	1.8%	5.4%	3%	148
Foseco Crucible (India) LtdFOSECOCFOSECOC	₹1,095 Cr	₹1,095 Cr	₹174 Cr	₹41 Cr	26.7%	₹28 Cr	10.9%	33.1%	13.8%	90
Orient Ceratech LimitedORIENTCERORIENTCER	₹528 Cr	₹567 Cr	₹406 Cr	₹50 Cr	10.6%	₹26 Cr	5.4%	10.6%	7.5%	226
De Nora India LimitedDENORADENORA	₹384 Cr	₹384 Cr	₹115 Cr	₹10 Cr	5.5%	₹12 Cr	7.5%	9.6%	7.3%	144
Panasonic Carbon India Company LtdPANCARBONPANCARBON	₹189 Cr	—	₹54 Cr	₹17 Cr	33.1%	₹21 Cr	38.8%	16.7%	11.8%	127
Nilachal Refractories LtdNILACHALNILACHAL	₹77 Cr	₹123 Cr	₹1 Cr	₹-21 Cr	-304.4%	₹-22 Cr	-307%	—	—	1,057

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	49	48	44	45	45	49	50	50	51	54	55
COGS	—	-12	-13	-15	-12	12	16	-19	-15	-15	14
Gross profit	—	—	—	—	—	37	34	—	—	—	41
	34	44	46	49	41	19	19	58	51	52	23
Operating profit (EBITDA)	15	16	11	11	15	19	15	11	15	17	18
OPM %	30.6%	33.7%	24.9%	25%	34.2%	37.9%	29.6%	21.6%	29.9%	31.2%	33.1%
Depreciation	—	1	—	1	1	1	1	1	1	1	1
Interest	—	—	—	—	—	0	0	—	—	—	—
	6	6	7	8	8	8	7	7	10	12	13
Profit before tax	21	24	18	18	23	25	20	18	25	28	30
Tax	7	8	5	5	6	7	5	5	6	7	9
Tax %	35.4%	34.4%	29.5%	29.7%	25.1%	25.6%	25%	26.7%	25.8%	25.5%	29.7%
	13	16	12	12	17	19	15	13	19	21	21
PAT margin %	27.6%	33%	28%	27.2%	37.7%	38.6%	30.7%	25.6%	36.2%	38.6%	38.8%
EPS (₹)	28.1	32.9	26	25.6	35.3	39.4	32	26.7	38.7	33.2	44.3
EPS adjusted (₹)	—	32.9	25.9	25.6	35.3	39.4	32	26.7	38.7	43.4	44.3
	35.7%	30.4%	38.5%	39%	28.3%	30.5%	37.5%	44.9%	31%	36.2%	27.1%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	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	75	91	98	109	123	132	139	152	167	183
	—	—	—	0	0	0	—	—	—	—
	6	7	6	6	6	6	5	6	6	6
Total equity & liabilities	86	103	109	119	134	143	149	162	178	194
	3	9	8	7	6	6	5	5	5	4
CWIP	0	0	—	—	—	—	1	—	—	—
Investments	0	0	0	0	0	0	—	—	—	—
	83	93	101	112	128	137	144	158	173	189
Total assets	86	103	109	119	134	143	149	162	178	194

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	76.1%	68%	—	—	—	74.3%

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.27%	63.27%	63.27%	63.27%	63.27%	63.27%	63.27%	63.27%	63.27%	63.27%	63.27%	63.27%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	36.73%	36.73%	36.73%	36.73%	36.73%	36.73%	36.73%	36.73%	36.73%	36.73%	36.73%	36.73%
No. of shareholders	—	—	—	—	—	—	—	—	11,229	10,976	10,672	11,051

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 14 Jul 2023 – 3 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Feb 2026	SHAH SHARAD KANAYALAL	Bulk	BSE	Buy	31,134	₹505.41	₹1.57 Cr
14 Jul 2023	SEETHA KUMARI	Bulk	BSE	Sell	32,003	₹422.53	₹1.35 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. R SENTHIL KUMARExecutive Director-MD
Vinayagam SumeChief Financial Officer
Mr. MOGARALA SANKARA REDDYNon-Executive - Independent Director
Mrs. RAJASHREE SNon-Executive - Independent Director
Mr. HIDEFUMI FUJIINon-Executive - Non Independent Director
Mr. AKIO FUJITANon-Executive - Non Independent Director
Mr. Prasad Bala Nagendra Venkatavara VadlapatlaNon-Executive - Independent Director
Mr. Brajesh BaralCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Panasonic Carbon India Company Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

43 announcementsExport CSV

29 Sept 2026, 10:52 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

14 Aug 2026, 5:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Jul 2026, 4:10 pmBoard Meeting

Board Meeting Intimation for Intimation Of Board Of Directors Meeting For Approval Of Unaudited Financial Results For The Quarter Ended 30Th June 2026

Exchange filing PDF

8 Jul 2026, 10:28 amCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

8 Jul 2026, 10:25 amOthers

Compliance-57 (5) : intimation after the end of quarter

57 (5) : intimation after the end of quarter PDF

30 Jun 2026, 5:50 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Jun 2026, 12:29 pmCompany Update

Announcement under Regulation 30 (LODR)-Cessation

Cessation PDF

30 Jun 2026, 10:30 amAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
29 Sept 2026, 10:52 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
14 Aug 2026, 5:10 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	76.1%	68%	—	—	—	74.3%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	9	8	10	12	8	9	2	8	11
	-4	-4	-2	-4	-7	-2	-5	3	-1	-6
	-6	-6	-6	-6	-5	-6	-6	-6	-6	-6
Net cash flow	1	-1	0	-1	1	1	-1	-1	1	-1
Free cash flow	10	9	7	9	12	8	9	2	8	11
CFO / Operating profit %	64.8%	82%	70.1%	62.7%	65.2%	53.4%	87.5%	15%	48.5%	60.6%

Leverage
Current ratio	18.43	20.49	19.24	26.69	22.08	26.52	30.63	29.21

Return ratios
Return on assets %	11.3%	14.2%	14.1%	10.8%	8.6%	11.4%	11.7%	11%

Panasonic Carbon India Company Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

19

1

Compounded sales growth

Compounded profit growth

Return on equity

Working capital
Receivable days	26	27	36	38	21	27	33	30

Panasonic Carbon India Company Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Ratio timeline

Annual reports

Dividends19

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

19

1