Panoramic Profits: How Panama Petrochem Yielded 2195% Returns
If you had ₹1 lakh invested in Panama Petrochem in November 2012, you could have had ₹22.95 lakhs today! This multibagger has given its investors returns of 2195% in 10 years. Here’s a sneak peek at the company.
🛢️ Stock Name: Panama Petrochem Ltd.
🛢️ NSE: $PANAMAPET
⭐ About The Company
Panama Petrochem was established in 1982 and is among the leading manufacturer and exporters of more than 80 variants of petroleum speciality products. The products are used in industries like textile, rubber, pharmaceutical, cosmetic, power, cable, ink & resin among others.
👑 Technological Prowess
The company has 4 manufacturing units in India with state-of-the-art technology and facilities. The plant at Dahej is a fully computerised plant built on DCS/PLC systems to meet international quality and manufacturing standards. Its R&D Center is situated at its Ankleshwar unit and introduces clean and environmentally friendly products, especially in the rubber process segment.
Its customers include large FMCG companies like Dabur and Marico and other reputed companies in the textile, ink and tyre industry.
🆕 New Products
It recently announced four new products in the pipeline:
1️⃣ Aroma-free distillate for the ink & coating industry
2️⃣ Aroma-free Solvent for the paint industry
3️⃣ Biodegradable oils for drilling & oil exploration
4️⃣ Aroma-free and non-carcinogenic oils for the rubber Industry such as TDAE & RAE
Panama Petrochem continuously aims to increase its exports. Petroleum jelly, liquid paraffin, transformer oil, rubber process oil and various other products are exported to different parts of the world like the USA, UK, Europe, the Middle East, Australia, the African Subcontinent and South East Asia.
💰 Stock Value
On November 30, 2012, the shares of the company were trading at ₹17.60, while they were priced at ₹404 as of November 29, 2022.