Panjon Ltd

Panjon Ltd

₹ 21.6 4.96%
22 Nov - close price
About

Incorporated in 1983, Panjon Ltd manufactures and trades consumer and pharmaceutical products

Key Points

Product Profile:[1][2]
Panjon Tablet, Panjon Balm, Panjon Cough Syrup, Panjon Cough Drops, Panjon Inhaler, Hinkargiri Hair Oil, Kery, Percy, Swad, Swad Awla, Swad Khajoor, Swad Chatpati, Swad Shoppee, Swad Energy Drink, Panjon Dental Cream, Purti Mouth Freshner

Distribution Network:[3]
Company markets and manufactures its products and undertakes contract manufacturing for MNCs. Company sells its formulations under own brand name, through a nationwide marketing network of 20+ states through a chain of 80 distributors who in turn sell goods to 1000 appointed stockiest and 4,50,000 retailers, with help of a field force of 300+ sales representatives

  • Market Cap 37.0 Cr.
  • Current Price 21.6
  • High / Low 25.0 / 15.7
  • Stock P/E 195
  • Book Value 8.46
  • Dividend Yield 0.00 %
  • ROCE 1.37 %
  • ROE 1.06 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 2.28% over last quarter.

Cons

  • Stock is trading at 2.55 times its book value
  • The company has delivered a poor sales growth of -13.5% over past five years.
  • Company has a low return on equity of -7.60% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1.71 3.41 1.63 1.48 1.93 1.37 1.30 1.24 1.30 4.81 5.20 2.09 3.38
1.61 3.28 5.73 1.44 1.88 1.34 1.41 1.28 1.27 4.80 5.23 2.07 3.31
Operating Profit 0.10 0.13 -4.10 0.04 0.05 0.03 -0.11 -0.04 0.03 0.01 -0.03 0.02 0.07
OPM % 5.85% 3.81% -251.53% 2.70% 2.59% 2.19% -8.46% -3.23% 2.31% 0.21% -0.58% 0.96% 2.07%
0.00 0.00 0.00 0.05 0.05 0.04 0.24 0.08 0.04 0.06 0.27 0.10 0.08
Interest 0.01 0.02 0.02 0.01 0.01 0.01 0.02 0.00 0.01 0.01 0.02 0.03 0.03
Depreciation 0.06 0.06 0.03 0.03 0.03 0.03 0.11 0.02 0.02 0.02 0.16 0.05 0.05
Profit before tax 0.03 0.05 -4.15 0.05 0.06 0.03 0.00 0.02 0.04 0.04 0.06 0.04 0.07
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.03 0.05 -4.15 0.04 0.05 0.03 0.00 0.02 0.04 0.04 0.05 0.03 0.07
EPS in Rs 0.02 0.03 -2.68 0.03 0.03 0.02 0.00 0.01 0.03 0.03 0.03 0.02 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
18.76 19.29 19.47 12.26 13.98 20.10 25.94 26.43 14.49 8.41 6.09 12.55 15.48
19.59 19.15 22.54 12.35 14.00 19.68 25.63 26.11 14.30 12.45 6.09 12.57 15.41
Operating Profit -0.83 0.14 -3.07 -0.09 -0.02 0.42 0.31 0.32 0.19 -4.04 0.00 -0.02 0.07
OPM % -4.42% 0.73% -15.77% -0.73% -0.14% 2.09% 1.20% 1.21% 1.31% -48.04% 0.00% -0.16% 0.45%
1.04 0.02 -1.51 0.43 0.52 0.21 0.36 0.29 0.33 0.30 0.38 0.45 0.51
Interest 0.05 0.00 0.00 0.17 0.19 0.28 0.24 0.15 0.10 0.07 0.05 0.06 0.09
Depreciation 0.09 0.08 0.13 0.14 0.13 0.11 0.15 0.27 0.23 0.20 0.21 0.22 0.28
Profit before tax 0.07 0.08 -4.71 0.03 0.18 0.24 0.28 0.19 0.19 -4.01 0.12 0.15 0.21
Tax % 14.29% 312.50% -27.18% -1,133.33% 33.33% 50.00% 53.57% 115.79% 47.37% 3.49% -575.00% 0.00%
0.06 -0.17 -3.43 0.36 0.12 0.12 0.14 -0.03 0.10 -4.15 0.81 0.15 0.19
EPS in Rs 0.06 -0.11 -2.21 0.23 0.08 0.08 0.09 -0.02 0.06 -2.68 0.52 0.09 0.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: -14%
3 Years: -5%
TTM: 197%
Compounded Profit Growth
10 Years: 11%
5 Years: 1%
3 Years: 14%
TTM: 111%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 35%
Return on Equity
10 Years: -3%
5 Years: -4%
3 Years: -8%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10.48 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50 16.31 16.31
Reserves 4.04 8.85 0.52 0.89 1.00 1.13 1.27 1.23 1.31 -2.84 -2.02 -1.46 -1.79
8.32 1.67 1.52 1.41 1.26 1.89 1.84 1.56 1.33 0.81 0.78 1.44 2.53
1.12 1.39 0.51 0.24 0.28 0.29 0.34 0.92 1.12 0.58 0.64 1.10 0.90
Total Liabilities 23.96 27.41 18.05 18.04 18.04 18.81 18.95 19.21 19.26 14.05 14.90 17.39 17.95
5.66 5.69 0.92 0.84 0.74 0.72 0.87 1.12 0.96 0.95 0.91 0.90 0.79
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.18 1.18 1.08 1.08 1.08 1.09 1.09 1.08 1.07 1.07 1.08 1.08 1.08
17.12 20.54 16.05 16.12 16.22 17.00 16.99 17.01 17.23 12.03 12.91 15.41 16.08
Total Assets 23.96 27.41 18.05 18.04 18.04 18.81 18.95 19.21 19.26 14.05 14.90 17.39 17.95

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5.92 -3.48 0.89 -0.20 0.18 -0.17 0.49 0.35 0.34 1.82 0.04 -0.42
-0.05 -0.10 4.74 -0.06 -0.04 -0.08 -0.31 -0.51 -0.06 -0.19 -0.19 -0.21
5.94 3.44 -5.14 -0.19 -0.17 0.40 -0.05 -0.07 -0.24 -0.51 0.18 1.88
Net Cash Flow -0.03 -0.14 0.49 -0.44 -0.03 0.15 0.13 -0.22 0.04 1.12 0.04 1.25

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 182.11 241.44 184.28 261.39 21.67 16.89 23.64 45.57 93.45 26.47 93.50 52.64
Inventory Days 131.63 117.88 46.16 101.43 95.13 66.63 57.65 59.10 120.11 306.47 610.67 152.35
Days Payable 13.04 12.18 7.20 4.14 2.93 2.19 3.98 11.48 28.24 19.51 63.17 6.93
Cash Conversion Cycle 300.69 347.14 223.24 358.68 113.87 81.33 77.31 93.20 185.32 313.43 641.00 198.07
Working Capital Days 279.39 340.21 263.39 429.31 178.84 125.12 114.82 139.21 262.48 291.22 511.24 254.19
ROCE % 0.60% 0.33% -14.51% 1.13% 2.08% 2.87% 2.80% 1.84% 1.59% -24.93% 1.23% 1.37%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 54.42% 56.69%
47.97% 47.97% 47.97% 47.97% 47.99% 47.97% 47.97% 47.98% 47.98% 47.96% 45.59% 43.32%
No. of Shareholders 9,0079,4089,4539,4979,7519,7099,6829,6839,7219,8289,82810,460

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