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Last Updated: April 2, 2026, 3:30 am
Author: Getaka|Social: XLinkedIn

Panasonic Energy India Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹476.21Undervalued by 81.07%vs CMP ₹263.00

P/E (35.9) × ROE (11.6%) × BV (₹138.00) × DY (3.58%)

₹176.17Overvalued by 33.02%vs CMP ₹263.00
MoS: -49.3% (Negative)Confidence: 57/100 (Moderate)Models: 2 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹377.3221%Under (+43.5%)
Graham NumberEarnings₹110.1815%Over (-58.1%)
Earnings PowerEarnings₹89.5210%Over (-66%)
DCFCash Flow₹38.1613%Over (-85.5%)
Net Asset ValueAssets₹138.847%Over (-47.2%)
EV/EBITDAEnterprise₹244.318%Fair (-7.1%)
Dividend DiscountDividends₹81.608%Over (-69%)
Earnings YieldEarnings₹39.107%Over (-85.1%)
ROCE CapitalReturns₹155.957%Over (-40.7%)
Revenue MultipleRevenue₹357.795%Under (+36%)
Consensus (10 models)₹176.17100%Overvalued
Key Drivers: EPS CAGR -20.8% drags value — could be higher if earnings stabilize. | Wide model spread (₹38–₹377) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -20.8%

*Investments are subject to market risks

Investment Snapshot

53
Panasonic Energy India Company Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 17.6% GoodROE 11.6% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 58.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (2% → 7%) Improving
Quarterly Momentum25/100 · Weak
Revenue (4Q): -6% YoY DecliningProfit (4Q): -75% YoY Declining
Industry Rank45/100 · Moderate
P/E 35.9 vs industry 31.3 In-lineROCE 17.6% vs industry 22.5% Average3Y sales CAGR: 3% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:30 am

Market Cap 197 Cr.
Current Price 263
Intrinsic Value₹176.17
High / Low 416/248
Stock P/E35.9
Book Value 138
Dividend Yield3.58 %
ROCE17.6 %
ROE11.6 %
Face Value 10.0
PEG Ratio-1.73

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Panasonic Energy India Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Panasonic Energy India Company Ltd 197 Cr. 263 416/24835.9 1383.58 %17.6 %11.6 % 10.0
Indo National Ltd 214 Cr. 286 589/255 5311.75 %32.9 %36.7 % 5.00
Eveready Industries India Ltd 2,017 Cr. 278 475/26026.7 65.00.54 %17.0 %19.5 % 5.00
Industry Average809.33 Cr275.6731.30244.671.96%22.50%22.60%6.67

All Competitor Stocks of Panasonic Energy India Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 65.8060.8376.8168.3674.7472.5162.9868.6473.3863.4158.0168.6471.72
Expenses 67.6668.5873.1463.4968.3071.2057.6463.1768.8460.3455.7366.3969.10
Operating Profit -1.86-7.753.674.876.441.315.345.474.543.072.282.252.62
OPM % -2.83%-12.74%4.78%7.12%8.62%1.81%8.48%7.97%6.19%4.84%3.93%3.28%3.65%
Other Income 0.451.000.670.740.690.961.200.860.930.821.030.91-2.62
Interest 0.040.020.070.020.020.030.030.030.060.040.030.030.03
Depreciation 0.730.930.810.960.951.010.870.931.181.401.231.031.00
Profit before tax -2.18-7.703.464.636.161.235.645.374.232.452.052.10-1.03
Tax % -27.52%-24.03%25.14%25.27%26.62%13.01%26.42%24.95%43.03%52.24%59.51%8.10%-2.91%
Net Profit -1.58-5.842.593.464.521.074.144.042.421.170.841.92-1.00
EPS in Rs -2.11-7.793.454.616.031.435.525.393.231.561.122.56-1.33

Last Updated: March 3, 2026, 3:41 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 10:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 225238241208206207204232242253292268262
Expenses 210214218200193202198218229259276249252
Operating Profit 142423812551413-6171910
OPM % 6%10%10%4%6%2%3%6%5%-2%6%7%4%
Other Income 254444333-4330
Interest 0000000000000
Depreciation 3222233333445
Profit before tax 1327251014651413-1415186
Tax % 41%34%34%37%28%21%39%26%25%-25%25%33%
Net Profit 7181761053109-1112123
EPS in Rs 9.9123.7922.048.3613.076.154.2013.7612.52-14.1915.5215.693.91
Dividend Payout % 35%29%32%66%54%65%95%58%60%0%57%60%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)157.14%-5.56%-64.71%66.67%-50.00%-40.00%233.33%-10.00%-222.22%209.09%0.00%
Change in YoY Net Profit Growth (%)0.00%-162.70%-59.15%131.37%-116.67%10.00%273.33%-243.33%-212.22%431.31%-209.09%

Panasonic Energy India Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:6%
3 Years:4%
TTM:-5%
Compounded Profit Growth
10 Years:-4%
5 Years:29%
3 Years:8%
TTM:-36%
Stock Price CAGR
10 Years:2%
5 Years:12%
3 Years:9%
1 Year:-30%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:7%
Last Year:11%

Last Updated: September 5, 2025, 12:30 pm

Balance Sheet

Last Updated: January 7, 2026, 4:14 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8888888888888
Reserves 6577879095939299101849510096
Borrowings 0000003221111
Other Liabilities 33433834312629313242403853
Total Liabilities 106127133132133127131139142135144148158
Fixed Assets 16141917191622242324232322
CWIP 0501050020111
Investments 0000000000000
Other Assets 90108114114114105108116117111119123135
Total Assets 106127133132133127131139142135144148158

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1020233-28-220-7-8274
Cash from Investing Activity + 1-3-3-19510-10-111510-293
Cash from Financing Activity + -2-3-6-6-5-6-4-4-7-6-1-7
Net Cash Flow 914-78-112-1742-5-3-0
Free Cash Flow 1015-432-52-516-10-1023-0
CFO/OP 99%111%44%450%36%207%-6%168%-29%136%177%44%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow14.0024.0023.008.0012.005.002.0012.0011.00-7.0016.0018.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 43435514958991499
Inventory Days 6162719192901137699965494
Days Payable 141218292825263730342435
Cash Conversion Cycle 9094108767370954778764068
Working Capital Days 584358253931391942656685
ROCE %18%33%28%11%14%6%6%14%11%-7%16%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%
Public 41.94%41.94%41.95%41.93%41.94%41.94%41.94%41.94%41.95%41.95%41.95%41.94%
No. of Shareholders 11,26311,21611,86911,51312,00312,63312,85812,91413,07713,12013,51113,232

Shareholding Pattern Chart

No. of Shareholders

Panasonic Energy India Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 15.7015.52-14.1812.528.92
Diluted EPS (Rs.) 15.7015.52-14.1812.528.92
Cash EPS (Rs.) 21.5320.49-9.9616.7317.57
Book Value[Excl.RevalReserv]/Share (Rs.) 143.74137.03122.36144.82141.52
Book Value[Incl.RevalReserv]/Share (Rs.) 143.74137.03122.36144.82141.52
Dividend / Share (Rs.) 9.428.850.007.508.00
Revenue From Operations / Share (Rs.) 357.89389.89337.72322.02309.81
PBDIT / Share (Rs.) 29.6425.79-3.7621.0922.98
PBIT / Share (Rs.) 23.8120.82-7.9916.8819.18
PBT / Share (Rs.) 23.5920.63-18.8316.6818.65
Net Profit / Share (Rs.) 15.7015.52-14.1812.5213.77
PBDIT Margin (%) 8.286.61-1.116.547.41
PBIT Margin (%) 6.655.33-2.365.246.19
PBT Margin (%) 6.595.29-5.575.176.01
Net Profit Margin (%) 4.383.98-4.193.884.44
Return on Networth / Equity (%) 10.9211.32-11.598.649.72
Return on Capital Employeed (%) 15.8714.57-6.2711.4113.35
Return On Assets (%) 7.988.09-7.886.617.40
Asset Turnover Ratio (%) 1.842.101.831.721.72
Current Ratio (X) 2.932.722.513.493.40
Quick Ratio (X) 1.761.971.402.292.54
Inventory Turnover Ratio (X) 7.848.233.033.793.34
Dividend Payout Ratio (NP) (%) 56.370.000.0063.9029.05
Dividend Payout Ratio (CP) (%) 41.090.000.0047.8022.76
Earning Retention Ratio (%) 43.630.000.0036.1070.95
Cash Earning Retention Ratio (%) 58.910.000.0052.2077.24
Interest Coverage Ratio (X) 139.38138.64-15.73104.6243.32
Interest Coverage Ratio (Post Tax) (X) 74.8184.47-13.9663.1026.95
Enterprise Value (Cr.) 253.56296.29148.15158.8585.29
EV / Net Operating Revenue (X) 0.941.010.580.650.36
EV / EBITDA (X) 11.4115.32-52.4810.044.95
MarketCap / Net Operating Revenue (X) 0.961.050.640.860.64
Retention Ratios (%) 43.620.000.0036.0970.94
Price / BV (X) 2.402.981.771.921.41
Price / Net Operating Revenue (X) 0.961.050.640.860.64
EarningsYield 0.040.03-0.060.040.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Panasonic Energy India Company Ltd. is a Public Limited Listed company incorporated on 24/05/1972 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L31400GJ1972PLC002091 and registration number is 002091. Currently Company is involved in the business activities of Manufacture of primary cells and primary batteries nd rechargable batteries, cells containing manganese oxide, mercuric oxide silver oxide or other material. Company's Total Operating Revenue is Rs. 268.41 Cr. and Equity Capital is Rs. 7.50 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dry CellsGIDC, Makarpura, Vadodra Gujarat 390010Contact not found
Management
NamePosition Held
Mr. Akio FujitaChairman & Managing Director
Ms. Deepti SharmaDirector
Mr. Jayesh MehtaDirector
Mr. Srinivas GuntaDirector
Mr. Tadasuke HosoyaDirector
Mr. Hidefumi FujiiDirector

FAQ

What is the intrinsic value of Panasonic Energy India Company Ltd and is it undervalued?

As of 15 April 2026, Panasonic Energy India Company Ltd's intrinsic value is ₹176.17, which is 33.02% lower than the current market price of ₹263.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.6 %), book value (₹138), dividend yield (3.58 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Panasonic Energy India Company Ltd?

Panasonic Energy India Company Ltd is trading at ₹263.00 as of 15 April 2026, with a FY2026-2027 high of ₹416 and low of ₹248. The stock is currently near its 52-week low. Market cap stands at ₹197 Cr..

How does Panasonic Energy India Company Ltd's P/E ratio compare to its industry?

Panasonic Energy India Company Ltd has a P/E ratio of 35.9, which is above the industry average of 31.30. The premium over industry average may reflect growth expectations or speculative interest.

Is Panasonic Energy India Company Ltd financially healthy?

Key indicators for Panasonic Energy India Company Ltd: ROCE of 17.6 % indicates efficient capital utilization. Dividend yield is 3.58 %.

Is Panasonic Energy India Company Ltd profitable and how is the profit trend?

Panasonic Energy India Company Ltd reported a net profit of ₹12 Cr in Mar 2025 on revenue of ₹268 Cr. Compared to ₹9 Cr in Mar 2022, the net profit shows an improving trend.

Does Panasonic Energy India Company Ltd pay dividends?

Panasonic Energy India Company Ltd has a dividend yield of 3.58 % at the current price of ₹263.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Panasonic Energy India Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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