Panama petro first posted on my page last year @70
Again on twitter @114
Panama Petrochem Ltd was established in 1982. With four manufacturing plants across India today, Panama Petrochem Ltd is one of the leading manufacturers and exporters of more than 80 variants of petroleum specialty products. The products are vital for various industries like inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables and other industrial purposes.
Panama Petrochem Ltd, has four manufacturing units in India with a state of art technology and facilities located at Ankleshwar(Gujarat), Daman(Union Territory), Daman(Gujarat) and Taloja (Dist. Raigadh).
The plant at Dahej is a fully computerised plant built on DCS/PLC systems to meet international quality and manufacturing standards. Ankleshwar plant has a fully equipped and DSIR approved R&D centre.
Panama Petrochem Ltd, also has unfolded its range of manufacturing facilities through establishment of Panol Industries RMC, FZE a wholly owned subsidiary of the Company situated at Ras Al Khaimah, UAE. The company caters to the GCC and MENA regions and enjoys logistic advantage as it is situated on the port and has direct dedicated pipeline arrangements.
Ink and coating oil
Rubber process oil
Source (Annual report)
LAST 3 YEARS SALES
2015: 805 cr
Last 3 years Inspite of NEGLIGIBLE Sales growth company has achieved good margins. Company has made capital expenditure which resulted improved EBIDTA but this year Company going to expand capacity considering product demands.
LAST 3 YEARS EBIDTA
2015: 31.86 Cr
2017: 76.6 Cr
Ebidta has grown 140% approximately in 3 years.
LAST 3 YEARS EPS
Eps has grown 170% in 3 years.
NET PROFIT MARGIN
COMPANY net profit margin CONTINOUSLY Improving.
Almost doubled in 3 years
Panama petro serves various industries within india and outside india.
Considering products demand, company is expanding capacity through internal accruals.
PROMOTERS increasing stake in last 2 years which has been 71% from 48%.
Since promoters know their company than others, its very positive sign for company growth.
Expected Target For 2018
Expected Ebidta : 111Cr
Expected Npm: 7.51%
Expected Eps: 16.70
CURRENTLY TRADING AT PRICE TO EARNING OF 15,SO ASSUMING THIS PRICE SHOULD BE 250 TILL 2018.
Disclosure : I am holding Panama petro and blog related content my personal view only.