Panjon Ltd (PANJON) · mywealthgrid

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About

Panjon Ltd operates in Packaged Foods within the Consumer Staples sector.

Face value: ₹10

Market cap

₹37 Cr

P/E

195.0×

P/B

2.2×

Dividend yield

ROE

4.3%

ROCE

5.8%

Debt / equity

0.24

OPM

2.1%

EPS (TTM)

₹0.1

Book value

₹9.9

52-week high

—

52-week low

—

1,180 historical price candles were omitted because the exchange source has not been verified.

₹21.8-3.2%1Y

Quick read

rule-based

Pros

+Profit CAGR of 30.5% over the last 5 years
+Revenue CAGR of 26.2% over the last 5 years

Cons

−Low return on equity of 2.9% (3-yr avg)
−Thin operating margin of 2.1%
−Expensive at 195× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 22
Growth: 67
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
Zydus Wellness LimitedZYDUSWELLZYDUSWELL	₹15,695 Cr	₹18,882 Cr	₹4,537 Cr	₹596 Cr	12.9%	₹188 Cr	5%	4.8%	3.4%	106
Bikaji Foods International LimitedBIKAJIBIKAJI	₹12,637 Cr	₹12,846 Cr	₹3,075 Cr	₹413 Cr	13.7%	₹259 Cr	8.5%	20.7%	17.3%	23
The Bombay Burmah Trading Corporation LimitedBBTCBBTC	₹9,313 Cr	₹10,868 Cr	₹19,915 Cr	₹3,540 Cr	17.6%	₹1,290 Cr	12.8%	36.4%	19.6%	-7
Mrs. Bectors Food Specialities LimitedBECTORFOODBECTORFOOD	₹6,540 Cr	₹6,671 Cr	₹2,119 Cr	₹272 Cr	12.6%	₹149 Cr	6.9%	14.6%	11.6%	34
Gopal Snacks LimitedGOPALGOPAL	₹3,177 Cr	₹3,331 Cr	₹1,608 Cr	₹118 Cr	6.7%	₹84 Cr	4.9%	14.4%	16.7%	66
Adf Foods LimitedADFFOODSADFFOODS	₹3,093 Cr	₹3,101 Cr	₹718 Cr	₹137 Cr	19.1%	₹92 Cr	13.2%	21.6%	16.9%	143
Prataap Snacks LimitedDIAMONDYDDIAMONDYD	₹2,564 Cr	₹2,567 Cr	₹1,557 Cr	₹45 Cr	3.8%	₹13 Cr	1.2%	1.1%	3.1%	13
Tasty Bite Eatables LimitedTASTYBITETASTYBITE	₹2,458 Cr	₹2,492 Cr	₹540 Cr	₹74 Cr	13.7%	₹42 Cr	7.7%	17.9%	15.7%	—
Shah Foods LtdSHAHFOODSHAHFOOD	₹766 Cr	₹766 Cr	₹0 Cr	₹0 Cr	—	₹-0 Cr	—	-0.2%	-0.1%	—
Lotus Chocolate Company LtdLOTUSCHOLOTUSCHO	₹692 Cr	₹840 Cr	₹574 Cr	₹31 Cr	5.4%	₹17 Cr	3%	50.3%	33.8%	—
Ganesh Consumer Products LimitedGANESHCPGANESHCP	₹601 Cr	₹610 Cr	₹857 Cr	₹85 Cr	9.8%	₹45 Cr	4.9%	21%	14.2%	29
Nurture Well Industries LtdNWILNWIL	₹466 Cr	₹501 Cr	₹1,026 Cr	₹90 Cr	8.8%	₹67 Cr	8.2%	23.4%	19.9%	44

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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
	12	14	20	26	27	15	8	6	13	30	48
COGS	-11	-13	-18	-24	-23	12	5	2	9	26	38
Gross profit	—	—	—	—	—	3	3	4	3	4	9
	23	27	38	50	49	2	7	4	3	4	8
	-0	0	0	0	0	1	-4	-0	-0	1	1
OPM %	-1.1%	2.2%	2.1%	1%	1.6%	3.6%	-48%	-0.2%	-0.4%	2%	2.1%
Depreciation	—	0	0	0	0	0	0	0	0	0	0
Interest	0	0	—	—	—	0	0	0	0	0	0
	—	—	—	—	—	0	0	0	0	0	0
Profit before tax	0	0	0	0	0	0	-4	0	0	1	1
Tax	—	—	—	—	—	0	0	0	0	0	0
	0	0	0	0	0	0	-4	0	0	1	1
PAT margin %	0.6%	0.4%	1.8%	1.1%	0.7%	1.3%	-47.6%	2%	1.3%	1.7%	1.5%
EPS (₹)	—	—	0.2	0.2	0.1	0.1	0	0	0.1	0	0
EPS adjusted (₹)	—	—	—	—	—	0.1	-2.6	0.1	0.1	0.3	0.4
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	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	16	16	16	17	17
Reserves	1	-3	-2	-1	-1	-0
	1	1	1	1	3	4
	1	1	1	1	1	1
Total equity & liabilities	19	14	15	17	20	22
	1	1	1	1	1	1
CWIP	0	0	0	0	0	0
Investments	1	1	1	1	1	1
	17	12	13	15	18	19
Total assets	19	14	15	17	20	22

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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 %	—	—	19%	37.1%	65.7%	26.9%	14.7%	19.2%
EBITDA margin %	1%	1.6%	3.6%	-48%	-0.2%	-0.4%	2%	2.1%
EBIT margin %	0.7%	0.5%	2%	-50.4%	-3.6%	-2.2%	1.3%	1.4%
PAT margin %	1.1%	0.7%	1.3%	-47.6%	2%	1.3%	1.7%	1.5%
Working capital
Receivable days	—	—	91	26	93	53	39	42
Inventory days	—	—	117	260	608	149	65	47
Payable days	—	—	28	17	63	7	4	3
NWC days	—	—	181	270	638	195	100	86
Leverage
Current ratio	—	—	8.8	8.26	9.17	5.23	3.69	3.44
Debt to EBITDA	—	—	2.11	—	—	—	4.27	4.05
Debt to equity	—	—	0.07	0.05	0.06	0.1	0.16	0.24
Interest coverage	—	—	3	-65.8	3.2	6	4.1	3.7
Asset turnover	—	—	0.77	0.6	0.41	0.72	1.52	2.19
Return ratios
Return on assets %	—	—	1%	-28.5%	0.8%	0.9%	2.6%	3.3%
Return on capital employed %	—	—	1.7%	-25.6%	1.2%	1.3%	4.4%	5.8%
Return on equity %	—	—	1.1%	-31.7%	0.9%	1.1%	3.2%	4.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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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
	52.03%	52.03%	52.03%	54.41%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%
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%
	47.97%	47.97%	47.97%	45.59%	43.31%	43.31%	43.31%	43.31%	43.31%	43.31%	43.31%	43.31%
No. of shareholders	—	—	—	—	—	—	—	—	10,637	10,609	10,421	10,380

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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 Panjon 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

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

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

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

5 Sept 2026, 5:45 pmAGM/EGM

NOTICE OF 43RD ANNUAL GENERAL MEETING TO BE HELD ON 30/09/2026

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	19%	37.1%	65.7%	26.9%	14.7%	19.2%
EBITDA margin %	1%	1.6%	3.6%	-48%	-0.2%	-0.4%	2%	2.1%
EBIT margin %	0.7%	0.5%	2%	-50.4%	-3.6%	-2.2%	1.3%	1.4%
PAT margin %	1.1%	0.7%	1.3%	-47.6%	2%	1.3%	1.7%	1.5%
Working capital
Receivable days	—	—	91	26	93	53	39	42
Inventory days	—	—	117	260	608	149	65	47
Payable days	—	—	28	17	63	7	4	3
NWC days	—	—	181	270	638	195	100	86
Leverage
Current ratio	—	—	8.8	8.26	9.17	5.23	3.69	3.44
Debt to EBITDA	—	—	2.11	—	—	—	4.27	4.05
Debt to equity	—	—	0.07	0.05	0.06	0.1	0.16	0.24
Interest coverage	—	—	3	-65.8	3.2	6	4.1	3.7
Asset turnover	—	—	0.77	0.6	0.41	0.72	1.52	2.19
Return ratios
Return on assets %	—	—	1%	-28.5%	0.8%	0.9%	2.6%	3.3%
Return on capital employed %	—	—	1.7%	-25.6%	1.2%	1.3%	4.4%	5.8%
Return on equity %	—	—	1.1%	-31.7%	0.9%	1.1%	3.2%	4.2%

30 deals · 17 Dec 2021 – 6 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Aug 2026	SNEHIL MEHTA	Bulk	BSE	Buy	90,352	₹19.00	₹0.17 Cr
22 Jan 2026	SHEENAM SACHAR	Bulk	BSE	Buy	1,11,496	₹24.10	₹0.27 Cr
13 Jan 2026	PRIYADARSHAN PRABHAKAR SIRAS	Bulk	BSE	Buy	1,44,899	₹20.23	₹0.29 Cr
3 Jan 2025	SHAH DIPAK KANAYALAL	Bulk	BSE	Sell	1,59,824	₹27.24	₹0.44 Cr
9 Dec 2024	KAUSHIK SHAH SHARES & SEC. LTD	Bulk	BSE	Sell	4,41,589	₹27.39	₹1.21 Cr
9 Dec 2024	JUPITER CITY DEVELOPERS (INDIA) LIMITED	Bulk	BSE	Buy	4,23,720	₹27.34	₹1.16 Cr
5 Dec 2024	MONOTYPE INDIA LIMITED	Bulk	BSE	Sell	5,37,368	₹23.13	₹1.24 Cr
5 Dec 2024	JUPITER CITY DEVELOPERS (INDIA) LIMITED	Bulk	BSE	Buy	5,35,366	₹23.13	₹1.24 Cr
15 Oct 2024	MANJU GAGGAR	Bulk	BSE	Buy	1,32,323	₹20.27	₹0.27 Cr
15 Oct 2024	MONOTYPE INDIA LIMITED	Bulk	BSE	Sell	1,10,000	₹20.22	₹0.22 Cr

1–10 of 30

1 / 3

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.

Date	Category	Subject	Filing
5 Sept 2026, 5:45 pm	AGM/EGM AGM	NOTICE OF 43RD ANNUAL GENERAL MEETING TO BE HELD ON 30/09/2026	PDF
5 Sept 2026, 5:23 pm	Corp. Action Book Closure	Intimation Of Book Closure For 43Rd Annual General Meeting	PDF
5 Sept 2026, 5:14 pm	AGM/EGM AGM	Notice Of 43Rd Annual General Meeting For Financial Year 2025-2026	PDF
14 Aug 2026, 4:17 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
13 Aug 2026, 6:42 pm	Result Financial Results	Un-Audited Financial Result For Quarter Ended 30-06-2026	PDF
13 Aug 2026, 6:27 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Board Meeting Dated 13/08/2026	PDF
14 Jul 2026, 5:27 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	2	0	-0	5	-0
	-0	-0	-0	-0	0	-1
	-0	-1	0	2	3	1
Net cash flow	0	1	0	1	8	0
Free cash flow	0	2	-0	-1	4	-1
CFO / Operating profit %	69.8%	—	—	—	750%	-43.4%

Panjon Ltd

About

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

Annual reports

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Panjon Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

No fund holdings on record

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1