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Panasonic Energy India Company Ltd, founded in 1972 as Lakhanpal National, Matsushita Lakhanpal Battery India Ltd (MLBIL) is a joint venture between Matsushita Electric Industrial Corporation, Japan - makers of the world famous National and Panasonic products and the late D D Lakhanpal. The Company is engaged in business of manufacturing dry cell batteries.
The company commenced production of dry cell batteries, employing aluminium chloride technology. The company's collaborators Matsushita Electric Industrial Corporation and Matsushita Electric Battery, together hold the majority stake of 51% in the company. The company's Novino and Sumo range of batteries enjoyed a strong brand image in the large and pencil segments.
In early 1989, the company expanded its capacity by setting up another plant at a cost of Rs 16 cr, which went on stream in Aug.'89. It produces UM 3D-Novino Gold penlite batteries, which are virtually 100% leak-proof. In 1993, the company implemented a backward integration project to manufacture battery grade separator paper. To part-finance the cost of an additional production line at Pithampur, Madhya Pradesh, to manufacture hi-tech UM-3D (R-6) type of Novino Gold mercury-free dry cell batteries, the company went public in May '94. The unit at Pithampur commenced production in Feb.'95.
In 1995-96, the company commenced production of battery operated gas lighters, as a step towards forward integration. In the same year, it also introduced Panasonic brand alkaline batteries in the market.
During 1999-2000, the company has introduced Novino Premium Gold UM-3NE, no mercury added super heavy duty ECO friendly battery. The Technical Assistance Agreement with Matsushita Battery Industial Co. Ltd., Osaka, Japan, has been extended for further five years i.e. 31st March 2004. In 2000-2001, the company has entered into an new Technical Assistance Agreement with MBI, Japan to manufacture through SSI units in India - cost efficient and high performance Flashlights/Torches. The Company has become a pioneer by introducing 'No Cadmium added' dry batteries in India.
During the year 2004, the Company switched over its distribution system from 'Through Distributor,' to 'Direct Marketing'. Two rural products viz. UM-1P and UM-3 were upgraded and two new products viz. UM-1PB Super Raja and UM-3UM were introduced during the year. In 2004-05, the Company was renamed to Panasonic Battery India Company Limited from Matsushita Lakhanpal Battery India Ltd.
The Company commissioned production of UM-4U (AAA size) Dry Cells at Vadodara factory and UM-1P (D Size) Dry Cells at Pitharhpur factory during the year 2006. Company carried out the launching of 'Panasonic' brand dry cell batteries during the month of March and April 2007. The Company changed its name from Panasonic Battery India Co. Ltd. to Panasonic Energy India Co. Ltd. effective from 10th October, 2008. It launched Alkaline and Lithium range of products during the year 2008-09. In diversifying the Company's product, it launched new LED torch models.
During 2010-11, it launched new improvised R20 & R14 mercury free batteries. In 2012-13, it started trading of Rechargeable batteries and chargers of 'Eneloop' brand being manufactured by Sanyo, a group Company of Panasonic Corporation. It launched 'Panasonic Ultimate' AA battery during 2014-15. It enhanced production capabilities with commissioning of new 'R03/ AAA battery' production line in 2015-16. Further, it introduced the highest performance grade of product in R20 paste type 'Panasonic Gold. During 2016-17, the Company started exports and launched Zinc Carbon, AA/AAA/R20 batteries in the neighbouring country, Nepal in 2017-18.
During 2020-21, it launched Alkaline AA/AAA 20 times longer lasting EVOLTA batteries in India.
Panasonic Energy India Company share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Panasonic Energy India Company indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Panasonic Energy India Company is valued compared to its competitors.
Panasonic Energy India Company PE ratio helps investors understand what is the market value of each stock compared to Panasonic Energy India Company 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Panasonic Energy India Company evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Panasonic Energy India Company generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Panasonic Energy India Company in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Panasonic Energy India Company shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Panasonic Energy India Company compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Panasonic Energy India Company over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Panasonic Energy India Company helps investors get an insight into when they can enter or exit the stock. Key components of Panasonic Energy India Company Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Panasonic Energy India Company shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Panasonic Energy India Company ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Panasonic Energy India Company provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Panasonic Energy India Company highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Panasonic Energy India Company .
The balance sheet presents a snapshot of Panasonic Energy India Company ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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