CARE Ratings reaffirms Panama Petrochem at CARE A+, outlook Stable
Panama Petrochem (BSE: PANAMAPET) said CARE Ratings has reaffirmed its credit rating at CARE A+ with a stable outlook. The company is valued at about ₹3,000 crore.
What happened
Panama Petrochem (BSE: PANAMAPET) informed the stock exchanges on 12 October 2026 at 09:47 PM that CARE Ratings has reaffirmed its credit rating at CARE A+ with a stable outlook.
From the filing: "Outlook revised from 'Stable' to Positive' Short-Term Bank Facilities CARE A1+ Reaffirmed Press Release dated October 12, 2026, issued by the credit rating agency is enclosed herewith."
Company snapshot
Panama Petrochem is a small-cap company, with a market value of about ₹3,000 crore.
The stock last traded at ₹495.9, against a 52-week range of ₹229–₹599.6 (17.3% below the high).
Before this filing the shares had moved −0.5% over the month and +18.3% over three months. Average daily turnover over the last 20 sessions was about ₹14.65 crore.
Promoters held 63.16% at the end of Q1 FY27. Foreign institutions owned 11.72% and domestic institutions 0.67%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 693 | 42.6 | 7.04 |
| Q2 FY26 | 773 | 53 | 8.76 |
| Q3 FY26 | 775 | 45.8 | 7.57 |
| Q4 FY26 | 823 | 71.1 | 11.75 |
| Q1 FY27 | 1,735 | 308.9 | 51.06 |
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Market-wide, 1,270 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.