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

Panyam Cements & Mineral Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹541.62Undervalued by 396.90%vs CMP ₹109.00

P/E (15.0) × ROE (15.0%) × BV (₹295.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹173.84Undervalued by 59.49%vs CMP ₹109.00
MoS: +37.3% (Strong)Confidence: 37/100 (Low)Models: 1 Under, 1 Fair
ModelCategoryValueWeightSignal
PE-ROEEarnings₹215.2863%Under (+97.5%)
Revenue MultipleRevenue₹104.7638%Fair (-3.9%)
Consensus (2 models)₹173.84100%Undervalued
Key Drivers: EPS CAGR -60.3% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -60.3% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

44
Panyam Cements & Mineral Industries Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health47/100 · Moderate
ROCE 30.1% ExcellentROE 0.0% WeakD/E -0.12 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 95.0% Stable
Earnings Quality40/100 · Moderate
OPM contracting (-34% → -39%) Declining
Quarterly Momentum25/100 · Weak
Revenue (4Q): -63% YoY DecliningOPM: -2,003.0% (down 1,969.0% YoY) Margin pressure
Industry Rank65/100 · Strong
ROCE 30.1% vs industry 8.9% Above peers

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.

Panyam Cements & Mineral Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 274.7 | ROCE 30.1% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.27x | Borrow/Reserve N/A
Cash Flow Reliability
71/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-89 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +40.6% | Q OPM +268.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+59.5%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-111Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+40.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+268.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

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

Market Cap 87.4 Cr.
Current Price 109
Intrinsic Value₹173.84
High / Low 195/103
Stock P/E
Book Value 295
Dividend Yield0.00 %
ROCE30.1 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Panyam Cements & Mineral Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bheema Cements Ltd 52.7 Cr. 16.2 / 0.600.00 %13.1 %108 % 10.0
UltraTech Cement Ltd 3,15,719 Cr. 10,714 13,110/10,32540.6 2,4440.72 %10.9 %9.29 % 10.0
The Ramco Cements Ltd 22,294 Cr. 944 1,214/860118 3220.21 %4.83 %1.56 % 1.00
The India Cements Ltd 11,070 Cr. 357 490/253 3250.00 %5.49 %8.83 % 10.0
Star Cement Ltd 8,319 Cr. 206 309/19722.3 74.40.97 %8.39 %6.05 % 1.00
Industry Average34,326.20 Cr1,677.64274.74574.270.69%8.92%85.54%7.13

All Competitor Stocks of Panyam Cements & Mineral Industries Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 5171531520463932302100
Expenses 62827424275447434332106
Operating Profit -1-11-12-2-9-7-8-8-11-13-11-10-6
OPM % -23%-66%-84%-63%-62%-35%-18%-19%-34%-41%-51%-2,271%-2,003%
Other Income 000-29055500092
Interest 000006783442610
Depreciation 1111345544555
Profit before tax -2-12-13-32-12-12-15-15-18-20-19-32-19
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit -2-12-13-32-12-12-15-15-18-20-19-32-19
EPS in Rs -52.85-297.68-335.33-40.33-15.42-14.94-18.92-19.31-22.50-25.16-24.04-39.49-23.55

Last Updated: December 29, 2025, 1:07 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 479322320816366000391208452
Expenses 649420119116696226716515212791
Operating Profit -17-22217-4-29-22-6-71-26-32-44-39
OPM % -37%-2%10%8%-2%-44%-67%-26%-52%-74%
Other Income 33411141614-412275-29141012
Interest 131214243442881100213744
Depreciation 7667987544161819
Profit before tax -4-15121-31-65-158-21200-60-55-89-90
Tax % 0%0%10%136%0%4%0%0%-2%0%0%0%
Net Profit -4-1511-0-31-67-158-21203-60-55-89-90
EPS in Rs -2.66-9.466.67-0.19-18.65-39.97-93.65-12.445,054.85-74.61-68.59-111.19-112.24
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-275.00%173.33%-100.00%-116.13%-135.82%86.71%1066.67%-129.56%8.33%-61.82%
Change in YoY Net Profit Growth (%)0.00%448.33%-273.33%-16.13%-19.69%222.53%979.96%-1196.22%137.89%-70.15%

Panyam Cements & Mineral Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:13%
3 Years:%
TTM:47%
Compounded Profit Growth
10 Years:-11%
5 Years:4%
3 Years:%
TTM:-72%
Stock Price CAGR
10 Years:10%
5 Years:%
3 Years:%
1 Year:-21%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

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

Balance Sheet

Last Updated: February 1, 2026, 1:15 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 16161616171717170.40888
Reserves 14-2111-31-98-261-282-62-122-177-235
Borrowings 10810068124124126130131140231349393
Other Liabilities 751041521601812453934091342748
Total Liabilities 21321824730129229127927580150207214
Fixed Assets 71736886817466613194117148
CWIP 31252419242323231914160
Investments 11131323227270000
Other Assets 10911915316415516216316430427365
Total Assets 21321824730129229127927580150207214

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -261430-53548111661-34-38-11
Cash from Investing Activity + 236-67-8-050-26-68-754
Cash from Financing Activity + 26-17-3268-27-49-117-6-28971117
Net Cash Flow 104-4-0-0007-5-2-0
Free Cash Flow -291229-232648117635-97-110-13
CFO/OP 153%-859%196%-29%-942%-161%-499%-96%-85%131%121%25%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-125.00-102.00-46.00-107.00-128.00-155.00-152.00-137.00-211.00-257.00-381.00-437.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days 6484543245611301310
Inventory Days 79071947115322414631445,938112512
Days Payable 609394345197229204873134,320307316
Cash Conversion Cycle 245408180-11403-429-182206
Working Capital Days -134-326-273-146-149-275-1,178-2,192-99
ROCE %-6%-15%-2%25%21%2%-32%-31%-23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%0.60%0.60%0.07%0.07%0.07%0.07%0.03%0.03%0.03%0.03%0.03%
Public 4.40%4.40%4.40%4.93%4.93%4.92%4.92%4.96%4.96%4.96%4.95%4.96%
No. of Shareholders 8,0928,0918,0907,8937,8227,7467,7367,7177,7737,6817,5547,443

Shareholding Pattern Chart

No. of Shareholders

Panyam Cements & Mineral Industries 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.) -111.19-68.59-376.185055.15-12.45
Diluted EPS (Rs.) -111.19-68.59-376.18252.76-12.45
Cash EPS (Rs.) -88.68-48.38-69.085163.90-9.39
Book Value[Excl.RevalReserv]/Share (Rs.) -283.37-211.00-142.45-1547.09-157.14
Book Value[Incl.RevalReserv]/Share (Rs.) -283.37-211.00-142.45-1547.09-157.14
Revenue From Operations / Share (Rs.) 104.12149.7548.440.000.00
PBDIT / Share (Rs.) -42.34-21.70-32.325297.01-2.66
PBIT / Share (Rs.) -64.85-41.91-37.855187.89-5.71
PBT / Share (Rs.) -111.19-68.59-74.624976.11-12.44
Net Profit / Share (Rs.) -111.19-68.59-74.625054.78-12.44
PBDIT Margin (%) -40.66-14.48-66.710.000.00
PBIT Margin (%) -62.28-27.98-78.130.000.00
PBT Margin (%) -106.78-45.80-154.030.000.00
Net Profit Margin (%) -106.78-45.80-154.030.000.00
Return on Networth / Equity (%) 0.000.000.00-326.720.00
Return on Capital Employeed (%) -47.96-23.0426.65265.253.63
Return On Assets (%) -41.74-26.61-39.77253.81-7.62
Long Term Debt / Equity (X) -1.47-1.860.000.000.00
Total Debt / Equity (X) -1.73-2.06-2.020.00-0.12
Asset Turnover Ratio (%) 0.390.670.330.000.00
Current Ratio (X) 0.520.460.146.940.27
Quick Ratio (X) 0.130.150.106.300.25
Inventory Turnover Ratio (X) 2.778.117.430.000.00
Interest Coverage Ratio (X) -0.91-0.81-506.360.00-0.39
Interest Coverage Ratio (Post Tax) (X) -1.40-1.57-593.010.00-0.84
Enterprise Value (Cr.) 489.33465.03228.58-6.7544.84
EV / Net Operating Revenue (X) 5.863.875.880.000.00
EV / EBITDA (X) -14.41-26.72-8.82-0.03-9.98
MarketCap / Net Operating Revenue (X) 1.160.960.150.000.00
Price / BV (X) -0.42-0.68-0.050.00-0.04
Price / Net Operating Revenue (X) 1.160.960.150.000.00
EarningsYield -0.91-0.47-9.88669.51-1.65

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Panyam Cements & Mineral Industries Ltd. is a Public Limited Listed company incorporated on 23/06/1955 and has its registered office in the State of Andhra Pradesh, India. Company's Corporate Identification Number(CIN) is L26940AP1955PLC000546 and registration number is 000546. Currently Company is involved in the business activities of Manufacture of cement, lime and plaster. Company's Total Operating Revenue is Rs. 83.52 Cr. and Equity Capital is Rs. 8.02 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Cement10/156, Betamcherla Road, Betamcherla, Kurnool District Andhra Pradesh 518206Contact not found
Management
NamePosition Held
Mrs. Srinisha JagathrakshakanManaging Director
Mr. Narayanasamy ElamaranNon Executive Director
Mr. Balachandran RamachandranIndependent Director
Mr. Vasudevan RaghavanIndependent Director

FAQ

What is the intrinsic value of Panyam Cements & Mineral Industries Ltd and is it undervalued?

As of 05 April 2026, Panyam Cements & Mineral Industries Ltd's intrinsic value is ₹173.84, which is 59.49% higher than the current market price of ₹109.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹295), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Panyam Cements & Mineral Industries Ltd?

Panyam Cements & Mineral Industries Ltd is trading at ₹109.00 as of 05 April 2026, with a FY2026-2027 high of ₹195 and low of ₹103. The stock is currently near its 52-week low. Market cap stands at ₹87.4 Cr..

How does Panyam Cements & Mineral Industries Ltd's P/E ratio compare to its industry?

Panyam Cements & Mineral Industries Ltd has a P/E ratio of , which is below the industry average of 274.74. This is broadly in line with or below the industry average.

Is Panyam Cements & Mineral Industries Ltd financially healthy?

Key indicators for Panyam Cements & Mineral Industries Ltd: ROCE of 30.1 % indicates efficient capital utilization; ROE of % is below ideal levels (industry average: 85.54%). Dividend yield is 0.00 %.

Is Panyam Cements & Mineral Industries Ltd profitable and how is the profit trend?

Panyam Cements & Mineral Industries Ltd reported a net profit of ₹-89 Cr in Mar 2025 on revenue of ₹84 Cr. Compared to ₹203 Cr in Mar 2022, the net profit shows a declining trend.

Does Panyam Cements & Mineral Industries Ltd pay dividends?

Panyam Cements & Mineral Industries Ltd has a dividend yield of 0.00 % at the current price of ₹109.00. The company is currently not paying meaningful dividends.

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 Panyam Cements & Mineral Industries 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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