Panasonic Carbon India Co.Ltd

BSE: PANCARBON · Electrodes & Refractories

52W Range₹421 ₹526

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Snapshot

Unlock Panasonic Carbon India Co.Ltd's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Panasonic Carbon India Company Ltd specialises in the manufacture and sale of midget electrodes, commonly known as carbon rods. The company operates as the sole manufacturer of these products in India and maintains a leading position in the global market through a technical collaboration with Panasonic Corporation.

Business Model

The company generates revenue by leveraging technical expertise from Panasonic Corporation to produce high-standard carbon rods for industrial and consumer applications. Its business model relies on maintaining a dominant market position as the primary domestic supplier in India.

Growth Outlook

Growth is primarily driven by the company's unique status as the sole domestic manufacturer of carbon rods in India. Future prospects remain tied to the sustained demand for midget electrodes and the continued technical support from its parent collaboration.

Key Risks

  • Technological Obsolescence. The shift towards alternative battery technologies may reduce the long-term demand for traditional carbon rods.
  • Dependency on Panasonic Corporation. The company's operational success is heavily reliant on the technical know-how and ongoing support provided by its parent collaborator.
  • Raw Material Price Volatility. Fluctuations in the cost of raw materials required for carbon rod production can significantly impact profit margins.
  • Market Concentration. As a niche manufacturer, the company faces risks associated with limited product diversification and reliance on specific industrial segments.

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Key Metrics

REVENUE

₹55 Cr

TTM · standalone

+1.4%YoY

NET PROFIT

₹21 Cr

TTM · standalone

+1.9%YoY

EPS

₹44.24

TTM · standalone

+2.1%YoY

RETURN ON EQUITY

12.1%

TTM · standalone

-0.9 ppYoY

RETURN ON CAPITAL EMPLOYED

17.1%

TTM · standalone

-0.3 ppYoY

P/E

10.5x

Q4 FY26 · standalone

10.5 vs 12.8x5Y avg

EV/EBITDA

6.6x

Q4 FY26 · standalone

6.6 vs 8.4x5Y avg

EBITDA MARGIN

57.4%

TTM · standalone

+4.4 ppYoY

NET PROFIT MARGIN

44.8%

Q4 FY26 · standalone

+6.3 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

+0.00xYoY

Peers · Electrodes & Refractories

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Panasonic Carbon India Co.LtdPANCARBON
₹207 Cr9.756.551.4%57.4%12.1%17.1%-12.2%
Monolithisch IndMONOLITH
₹2,665 Cr22.0%+188.5%
IFGL Refractori.IFGLEXPOR
₹1,553 Cr37.9311.5815.4%7.5%3.6%5.5%-10.1%
Foseco Crucible India LimitedMORGANITE
₹965 Cr40.7416.31-1.3%33.1%13.8%19.5%+4.8%
Orient CeratechORIENTCER
₹558 Cr21.389.6624.0%15.0%8.9%12.3%+28.3%
DE Nora IndiaDENORA
₹441 Cr36.1423.0717.5%16.0%9.8%13.0%-0.7%

As of Q4 FY26

Financials