Price
Financials
Standalone, Rs crore| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15 | 20 | 46 | 39 | 32 | 30 | 21 | 0 | 0 | 24 | 21 | 40 |
| Expenses | 24 | 27 | 54 | 47 | 43 | 43 | 32 | 10 | 6 | 27 | 29 | 51 |
| Operating Profit | -9 | -7 | -8 | -8 | -11 | -13 | -11 | -10 | -6 | -3 | -8 | -11 |
| OPM % | -62% | -35% | -18% | -19% | -34% | -41% | -51% | -2,271% | -2,003% | -13% | -40% | -27% |
| Other Income | 0 | 5 | 5 | 5 | 0 | 0 | 0 | 9 | 2 | 3 | 4 | 44 |
| Interest | 0 | 6 | 7 | 8 | 3 | 4 | 4 | 26 | 10 | 11 | 11 | 11 |
| Depreciation | 3 | 4 | 5 | 5 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | -12 | -12 | -15 | -15 | -18 | -20 | -19 | -32 | -19 | -17 | -20 | 18 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -12 | -12 | -15 | -15 | -18 | -20 | -19 | -32 | -19 | -17 | -20 | 18 |
| EPS in Rs | -15.42 | -14.94 | -18.92 | -19.31 | -22.50 | -25.16 | -24.04 | -39.49 | -23.55 | -20.74 | -25.18 | 21.83 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 93 | 223 | 208 | 163 | 66 | 0 | 0 | 0 | 39 | 120 | 84 | 85 |
| Expenses | 94 | 201 | 191 | 166 | 96 | 22 | 6 | 71 | 65 | 152 | 127 | 113 |
| Operating Profit | -2 | 22 | 17 | -4 | -29 | -22 | -6 | -71 | -26 | -32 | -44 | -28 |
| OPM % | -1.8% | 10% | 8% | -2.4% | -44% | -67% | -26% | -52% | -33% | |||
| Other Income | 4 | 11 | 14 | 16 | 14 | -41 | 2 | 275 | -29 | 14 | 10 | 53 |
| Interest | 12 | 14 | 24 | 34 | 42 | 88 | 11 | 0 | 0 | 21 | 37 | 43 |
| Depreciation | 6 | 6 | 7 | 9 | 8 | 7 | 5 | 4 | 4 | 16 | 18 | 21 |
| Profit before tax | -15 | 12 | 1 | -31 | -65 | -158 | -21 | 200 | -60 | -55 | -89 | -38 |
| Tax % | 0% | 10% | 136% | 0% | 4% | 0% | 0% | -2% | 0% | 0% | 0% | 0% |
| Net Profit | -15 | 11 | -0 | -31 | -67 | -158 | -21 | 203 | -60 | -55 | -89 | -38 |
| EPS in Rs | -9.46 | 6.67 | -0.19 | -18.65 | -39.97 | -93.65 | -12.44 | 5,054.85 | -74.61 | -68.59 | -111.19 | -47.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -9% | % | 30% | 2% | ||
| Compounded Profit Growth | % | -37% | -12% | 55% | ||
| Stock Price CAGR | 7% | % | % | -14% | ||
| Return on Equity | % | % | % | % |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 0.40 | 8 | 8 | 8 | 8 |
| Reserves | -2 | 11 | 1 | -31 | -98 | -261 | -282 | -62 | -122 | -177 | -235 | -247 |
| Borrowings | 100 | 68 | 124 | 124 | 126 | 130 | 131 | 140 | 231 | 349 | 357 | 383 |
| Other Liabilities | 104 | 152 | 160 | 181 | 245 | 393 | 409 | 1 | 34 | 27 | 84 | 73 |
| Total Liabilities | 218 | 247 | 301 | 292 | 291 | 279 | 275 | 80 | 150 | 207 | 214 | 216 |
| Fixed Assets | 73 | 68 | 86 | 81 | 74 | 66 | 61 | 31 | 94 | 117 | 148 | 128 |
| CWIP | 25 | 24 | 19 | 24 | 23 | 23 | 23 | 19 | 14 | 16 | 0 | 1 |
| Investments | 1 | 1 | 31 | 32 | 32 | 27 | 27 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 119 | 153 | 164 | 155 | 162 | 163 | 164 | 30 | 42 | 73 | 65 | 87 |
| Total Assets | 218 | 247 | 301 | 292 | 291 | 279 | 275 | 80 | 150 | 207 | 214 | 216 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14 | 30 | -5 | 35 | 48 | 111 | 6 | 61 | -34 | -38 | -19 | -33 |
| Cash from Investing Activity | 3 | 6 | -67 | -8 | -0 | 5 | 0 | -26 | -68 | -75 | 4 | 1 |
| Cash from Financing Activity | -17 | -32 | 68 | -27 | -49 | -117 | -6 | -28 | 97 | 111 | 16 | 32 |
| Net Cash Flow | 0 | 4 | -4 | -0 | -0 | 0 | 0 | 7 | -5 | -2 | -0 | 0 |
| Free Cash Flow | 12 | 29 | -23 | 26 | 48 | 117 | 6 | 35 | -97 | -110 | -22 | -35 |
| CFO/OP | -859% | 196% | -29% | -942% | -161% | -499% | -96% | -85% | 131% | 121% | 44% | 118% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 32 | 45 | 61 | 130 | 13 | 10 | 13 | 15 | |||
| Inventory Days | 471 | 153 | 224 | 146 | 314 | 45,938 | 112 | 512 | 611 | 1,688 | ||
| Days Payable | 345 | 197 | 229 | 204 | 873 | 134,320 | 307 | 316 | 550 | 551 | ||
| Cash Conversion Cycle | 180 | -11 | 40 | 3 | -429 | -182 | 206 | 74 | 1,153 | |||
| Working Capital Days | -273 | -146 | -149 | -275 | -1,178 | -2,192 | -99 | -218 | -98 | |||
| ROCE % | -2% | 25% | 21% | 2% | -32% | -31% | -23% | -34% | 2% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% |
| DIIs | 0.60% | 0.07% | 0.07% | 0.07% | 0.07% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 4.40% | 4.93% | 4.93% | 4.92% | 4.92% | 4.96% | 4.96% | 4.96% | 4.95% | 4.96% | 4.96% | 4.97% |
| No. of Shareholders | 8,090 | 7,893 | 7,822 | 7,746 | 7,736 | 7,717 | 7,773 | 7,681 | 7,554 | 7,443 | 7,356 | 7,306 |
Fundamentals
Market Cap₹ 91.4 Cr.
Current Price₹ 114
Book Value₹ -299
ROCE2.05 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)55%
Standalone figures.
Valuation
Market capRs 88 Cr
Enterprise valueRs 470 Cr
Price to book-0.37x
Price to sales1.03x
EV / EBITDA18.53x
EV / EBIT108.07x
EV / sales5.54x
Earnings yield-43.61%
P/B, 3-year average-0.49x
P/E, 5-year average0.00x
P/B, 5-year average-0.30x
Profitability
Operating margin (excl. other income)-33.08%
Operating margin (incl. other income)29.90%
EBITDA margin29.90%
Pre-tax margin-45.04%
Net profit margin-45.04%
Net margin, latest quarter43.55%
ROE16.38%
ROCE3.19%
ROA-17.81%
ROE, 3-year average33.39%
ROCE, 3-year average-17.69%
ROA, 3-year average-30.35%
ROE, 5-year average8.82%
ROCE, 5-year average-28.60%
ROA, 5-year average-5.77%
ROIC (approx.)3.04%
Other income / net worth-22.32%
Growth
Sales growth (latest year)1.63%
Sales CAGR, 3 years29.75%
Sales growth QoQ93.60%
Sales growth YoY (latest quarter)9473.81%
Per share
EPS (TTM)Rs -47.65
EPS (latest year)Rs -47.67
EPS (latest quarter)Rs 21.83
EPS, 3-year averageRs -75.82
EPS, 5-year averageRs 950.63
Book value per shareRs -298.54
Sales per shareRs 105.79
Cash flow per shareRs -41.51
Free cash flow per shareRs -43.63
Efficiency
Asset turnover0.39x
Fixed asset turnover0.66x
Inventory turnover1.31x
Inventory days278 days
Debtor days15 days
Debtors turnover24.11x
Creditor days551 days
Cash conversion cycle1153 days
Working capital days-98 days
Leverage
Total debtRs 383 Cr
Cash and bankRs 0 Cr
Net debtRs 382 Cr
Debt to equity-1.60x
Net debt / EBITDA15.07x
Interest coverage0.10x
Owners' fund to total sources-110.96%
Debt to assets177.26%
Cash flow
Cash from Operating Activity (latest year)Rs -33 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 32 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Statement figures
Net sales (TTM)Rs 85 Cr
Net sales (latest year)Rs 85 Cr
Sales (latest quarter)Rs 40 Cr
Operating profit excl. other income (latest year)Rs -28 Cr
Operating profit (latest quarter)Rs -11 Cr
Other income (TTM)Rs 54 Cr
EBITDA (TTM)Rs 25 Cr
PBDT (TTM)Rs -17 Cr
Profit before tax (TTM)Rs -38 Cr
Net profit (TTM)Rs -38 Cr
Net profit (latest year)Rs -38 Cr
Net profit (latest quarter)Rs 18 Cr
Depreciation (TTM)Rs 21 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 43 Cr
Cost of goods sold (latest year)Rs 86 Cr
Total expenditure (latest year)Rs 113 Cr
Total income (latest year)Rs 138 Cr
Share capitalRs 8 Cr
ReservesRs -247 Cr
Shareholders' fundsRs -239 Cr
Total assetsRs 216 Cr
Net blockRs 128 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 4 Cr
InventoryRs 65 Cr
Other liabilitiesRs 73 Cr
Shares outstanding (crore)0.80
Ownership
Promoter holding95.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 500322 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.6% | -2.8% | +1.2 pts |
| 1 month | -5.3% | -6.8% | +1.5 pts |
| 3 months | +8.5% | -7.6% | +16.1 pts |
| 3 years | +1347.0% | +14.2% | +1332.8 pts |
| 5 years | +1347.0% | +27.9% | +1319.1 pts |
Red flags
F-score 5 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Inventory outrunning sales Inventory grew 58% vs sales +2% in 2026 |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹40 Cr.
Net profit ₹18 Cr +156.2%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| UltraTech Cement Ltd | 319,108 | 37.0 | 12.7 % |
| Grasim Industries Ltd | 210,966 | 36.8 | 8.01 % |
| Ambuja Cements Ltd | 90,882 | 19.3 | 5.61 % |
| Shree Cement Ltd | 79,017 | 48.5 | 10.3 % |
| J K Cements Ltd | 37,278 | 38.2 | 15.1 % |
| Dalmia Bharat Ltd | 30,712 | 28.0 | 7.59 % |
| ACC Ltd | 22,583 | 11.9 | 11.2 % |
| The Ramco Cements Ltd | 19,949 | 105 | 6.13 % |
| JSW Cement Ltd | 15,349 | 19.5 | 11.1 % |
| Nuvoco Vistas Corporation Ltd | 11,793 | 28.4 | 6.99 % |
| India Cements Ltd | 9,412 | 69.7 | 1.24 % |
| Star Cement Ltd | 7,198 | 19.0 | 16.6 % |
| Birla Corporation Ltd | 6,545 | 11.7 | 9.78 % |
| JK Lakshmi Cement Ltd | 6,085 | 15.8 | 12.0 % |
| Prism Johnson Ltd | 5,500 | 46.9 | 5.92 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Panyam Cements & Mineral Industries Ltd?
Panyam Cements & Mineral Industries Ltd (500322) has a market capitalisation of Rs 91.4 Cr. at the 2026-10-01 close.
What were Panyam Cements & Mineral Industries Ltd's latest quarterly results?
In the Mar 2026 quarter, Panyam Cements & Mineral Industries Ltd sales was Rs 40 Cr and net profit was Rs 18 Cr.