Panjon quarterly results and financials

Panjon (BSE 526345)₹18.68+0.86%(9 Nov 2026 close)Packaged Foods

Key facts

In the Mar 2026 quarter (standalone), Panjon reported sales of ₹12.14 Cr, down 12.4% from Mar 2025, and net profit of ₹0.20 Cr, down 16.7% year on year. For the year to Mar 2026, sales were ₹47.70 Cr and net profit ₹0.73 Cr.

Sales (Mar 2026): ₹12.14 Cr
Net profit (Mar 2026): ₹0.20 Cr
Sales (FY Mar 2026): ₹47.70 Cr
Net profit (FY Mar 2026): ₹0.73 Cr
EPS (Mar 2026): ₹0.10
Borrowings (Mar 2026): ₹4 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Panjon quarterly results

₹ crore unless stated; each column is a quarter.

Panjon Quarterly results
	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	1.25	1.31	4.82	5.21	2.10	3.39	11.18	13.86	6.43	14.98	14.17	12.14
Expenses	1.29	1.28	4.81	5.24	2.08	3.32	10.95	13.55	6.24	14.72	13.87	11.87
Operating Profit	−0.05	0.04	0.02	−0.04	0.03	0.08	0.24	0.32	0.20	0.27	0.30	0.27
OPM %	−3.2%	2.3%	0.2%	−0.6%	1.0%	2.1%	2.1%	2.2%	3.0%	1.7%	2.0%	2.1%
Other Income	0.09	0.05	0.07	0.28	0.11	0.09	0.09	0.06	0.05	0.06	0.05	0.18
Interest	0.00	0.00	0.00	0.01	0.02	0.02	0.05	0.05	0.05	0.03	0.06	0.09
Depreciation	0.03	0.03	0.03	0.17	0.06	0.06	0.06	0.09	0.09	0.05	0.05	0.15
Profit before tax	0.03	0.05	0.05	0.07	0.05	0.08	0.21	0.21	0.10	0.24	0.23	0.20
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Profit	0.03	0.05	0.05	0.06	0.04	0.08	0.21	0.24	0.10	0.23	0.23	0.20
EPS (Rs)	0.00	0.02	0.02	0.02	0.01	0.03	0.11	0.12	0.04	0.12	0.12	0.10

Panjon profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Panjon Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	12.28	14.00	20.14	26.00	26.47	14.53	8.43	6.10	12.57	30.52	47.70	47.72
Expenses	12.36	14.03	19.72	25.68	26.15	14.32	12.47	6.10	12.59	29.90	46.68	46.70
Operating Profit	−0.10	−0.03	0.43	0.32	0.33	0.20	−4.05	0.00	−0.03	0.64	1.01	1.04
OPM %	−0.7%	−0.1%	2.1%	1.2%	1.2%	1.3%	−48.1%	0.0%	−0.2%	2.1%	2.1%	2.2%
Other Income	0.44	0.53	0.22	0.37	0.30	0.34	0.31	0.39	0.46	0.32	0.31	0.34
Interest	0.16	0.18	0.27	0.23	0.14	0.09	0.06	0.04	0.05	0.17	0.26	0.23
Depreciation	0.15	0.14	0.12	0.16	0.28	0.24	0.21	0.22	0.23	0.24	0.31	0.34
Profit before tax	0.02	0.19	0.25	0.29	0.18	0.20	−4.02	0.13	0.16	0.52	0.74	0.77
Tax %	−1,133.3%	33.3%	50.0%	53.6%	115.8%	47.4%	3.5%	−575.0%	0.0%	24.5%	0.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	0.37	0.13	0.13	0.15	−0.04	0.11	−4.16	0.82	0.16	0.41	0.73	0.76
EPS (Rs)	0.22	0.07	0.07	0.08	−0.01	0.05	−2.67	0.51	0.08	0.22	0.41	0.38
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Panjon balance sheet

₹ crore, at each year end.

Panjon Balance sheet
	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	15.49	15.48	15.48	15.49	15.50	15.50	15.50	15.49	15.49	16.30	17.16	17.17
Reserves	0.51	0.88	0.99	1.12	1.26	1.22	1.30	−2.84	−2.02	−1.46	−0.62	−0.12
Borrowings	1.52	1.41	1.26	1.89	1.84	1.56	1.33	0.81	0.78	1.44	2.65	4.00
Other Liabilities	0.51	0.24	0.28	0.29	0.34	0.92	1.12	0.58	0.64	1.09	0.85	0.70
Total Liabilities	18.03	18.01	18.01	18.79	18.94	19.20	19.25	14.04	14.89	17.37	20.04	21.75
Fixed Assets	0.91	0.83	0.73	0.71	0.86	1.11	0.95	0.94	0.90	0.89	1.08	1.43
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
Investments	1.09	1.09	1.09	1.10	1.10	1.09	1.08	1.08	1.09	1.09	1.11	1.12
Other Assets	16.03	16.09	16.19	16.98	16.98	17.00	17.22	12.02	12.90	15.39	17.85	19.20
Inventories	2.51	2.95	3.26	3.36	3.63	3.82	3.88	3.78	3.49	3.75	4.63	4.97
Trade receivables	9.79	8.75	0.82	0.92	1.67	3.29	3.70	0.60	1.55	1.80	3.25	5.45
Cash & equivalents	0.71	0.26	0.23	0.38	0.51	0.29	0.32	1.45	1.48	2.73	0.45	0.74
Total Assets	18.03	18.01	18.01	18.79	18.94	19.20	19.25	14.04	14.89	17.37	20.04	21.75

Panjon cash flow

₹ crore, for each year.

Panjon Cash flow
	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	0.90	−0.21	0.19	−0.18	0.50	0.36	0.35	1.83	0.05	−0.43	−4.36	−0.44
Cash from investing activity	4.73	−0.05	−0.03	−0.07	−0.30	−0.50	−0.05	−0.18	−0.18	−0.20	−0.43	−0.65
Cash from financing activity	−5.15	−0.20	−0.18	0.41	−0.06	−0.08	−0.25	−0.52	0.19	1.89	2.51	1.39
Net cash flow	0.50	−0.45	−0.04	0.16	0.14	−0.23	0.05	1.13	0.03	1.26	−2.28	0.27
Capex	0.24	0.05	0.03	0.07	0.30	0.51	0.06	0.18	0.17	0.19	0.41	0.64
Free cash flow	5.53	−0.25	0.13	−0.24	0.17	−0.16	0.26	1.62	−0.13	−0.61	−4.75	−1.07
CFO / OP %	−29.0%	222.1%	−1,100.0%	−29.0%	177.0%	122.1%	195.1%	−44.9%	—	2,000.1%	−689.0%	−31.9%

Panjon ratios

Working-capital days and returns, by year.

Panjon Ratios
	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	185	262	23	18	25	47	94	27	94	54	40	43
Inventory days	46	101	95	67	58	59	120	306	611	152	66	47
Days payable	7	4	3	2	4	11	28	20	63	7	4	3
Cash conversion cycle	224	360	115	82	78	94	186	314	642	199	102	87
Working capital days	264	429	179	125	114	140	262	279	481	217	106	78
ROCE %	−14.6%	1.1%	2.1%	2.9%	2.8%	1.8%	1.6%	−25.0%	1.2%	1.4%	4.0%	4.9%

Panjon: frequently asked questions

What are the latest quarterly results of Panjon?

For the Mar 2026 quarter, Panjon reported sales of ₹12.14 Cr, down 12.4% year on year and net profit of ₹0.20 Cr, down 16.7% year on year. The operating margin was 2.1%.

What is the annual revenue of Panjon?

Panjon's sales for the year to Mar 2026 were ₹47.70 Cr; over the last twelve months they were ₹47.72 Cr.

What is the net profit of Panjon?

Net profit for the year to Mar 2026 was ₹0.73 Cr, and ₹0.76 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.38.

How much debt does Panjon have?

Panjon reported borrowings of ₹4 Cr at Mar 2026, against cash and equivalents of ₹0.74 Cr.

What is the free cash flow of Panjon?

Cash from operations was −₹0.44 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.07 Cr.

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