Panjon Share Price

Panjon Limited, with its registered office in Indore, Madhya Pradesh, functions as a fast-moving consumer goods company manufacturing and trading pharmaceutical and consumer wellness products in India. The company was incorporated in 1990 as Panjon Private Limited and was converted into a public limited company on November 7, 1992. Panjon Limited specializes in medicinal, digestive, ayurvedic and confectionery products, with a wide range including tablets, balms, inhalers, cough drops, digestive drops, candies, energy drinks, dental care creams, mouth fresheners, hair oil, as well as awla and khajoor digestive crystals. The company has roots tracing back to 1977 when it was founded by Mr. Nagin Kothari, and it operates under popular brand names including PANJON, SWAD, PERCY, KERY, PURTI, and HINKARGIRI, establishing a respected presence across India.

Panjon share price on BSE signifies how market participants react to the company‘s operational performance and the overall developments in the FMCG and pharmaceutical sectors. The company’s financial health depends on production volumes of tablets, balms, cough syrups and other products, raw material costs including herbs, extracts and pharmaceutical ingredients, capacity utilization rates, domestic demand, and the performance of its consumer wellness and confectionery segments. Panjon stock price is influenced by various factors such as earnings reports, regulatory changes in the FMCG and pharmaceutical industry, global raw material price trends, and competition from other consumer goods manufacturers. In the longer run, strategies such as expansion of manufacturing facilities, product portfolio diversification into new wellness categories, and strengthening of distribution networks affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the company‘s stock price movements.

Panjon live share price provides real-time information about the last price traded, bid and ask prices, and volume traded on the BSE exchange. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and consumer sector news. Constant monitoring of the Panjon live price helps in observing short term price volatility and shows how the stock moves relative to the broader FMCG index. Furthermore, monitoring Panjon share price movements helps investors understand real-time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short-term performance, and respond to news, quarterly results, or sector trends that may influence the company‘s valuation and overall investment outlook.

Panjon stock price movements allow market participants to evaluate short-term performance and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. The company markets its products under well-established brand names and now plans a major expansion and upgradation of its manufacturing facilities, including capacity enhancement for Swad Awla, Swad Khajoor, Purti, Percy Sip, lollipops and toffees. Panjon continues to focus on allopathic and ayurvedic medicines, digestive wellness products, confectionery, and energy drinks as its core business segments, adopting business models that generate required returns while maintaining product quality and expanding market reach across India.

Panjon Limited Company Fundamentals

a. Company Background

Panjon Limited was incorporated in 1990 as Panjon Private Limited on March 28, 1990, and was converted into a public limited company on November 7, 1992, with its roots dating back to 1977 when it was founded by Mr. Nagin Kothari. The company has its registered office in Indore, Madhya Pradesh, and is engaged in the manufacturing and trading of consumer and pharmaceutical products. Panjon Limited operates primarily in the FMCG segment, supplying products such as tablets, balms, inhalers, cough drops, digestive drops, candies, energy drinks, dental care creams, mouth fresheners, hair oil, and ayurvedic formulations. Its manufacturing operations are based in India, with a major facility located in Indore, Madhya Pradesh, while corporate functions are managed from its administrative offices in Indore. Over time, the company has expanded its product portfolio to include well-known brands like SWAD digestive range, PERCY CANDY, KERY COUGH DROPS, and PURTI mouth freshener. The company is listed on the Bombay Stock Exchange. Financial performance is assessed through standard metrics such as revenue growth, operating margins, and capacity utilisation. Market valuation indicators such as the P/E ratio are used by analysts for comparative assessment within the FMCG sector. Overall fundamentals are influenced by raw material availability, demand cycles in consumer wellness products, and input cost fluctuations.

b. Company Product Lines

• Allopathic and Ayurvedic Tablets
  o Used primarily by consumers for medicinal purposes, including PANJON Tablet for various health conditions.

• Medicinal Balms and Inhalers
  o Supplies consumers with topical pain relief solutions and respiratory aid products like PANJON Balm and PANJON Inhaler.

• Cough Syrups and Drops
  o Provides cough relief products including KERY Cough Drops and PANJON cough drops for respiratory health.

• Digestive Wellness Products
  o Offers SWAD digestive range including Swad Digestive Drops, Swad Chatpati Digestive Drops, Swad Awla and Swad Khajoor digestive crystals.

• Confectionery and Candies
  o Serves consumers with PERCY Masala Candy, PERCY SIP soft drink concentrate, and lollipops.

• Energy Drinks
  o Provides Swad Energy Drink for refreshment and energy requirements.

• Dental Care Products
  o Supplies PANJON Dental Care Cream for oral hygiene and dental health.

• Mouth Fresheners
  o Offers PURTI TAZAGI MASALA mouth freshener for post-meal refreshment.

• Hair Oil
  o Provides hair care products for nourishment and scalp health.

The product portfolio is structured to serve domestic consumer demand across India through a well-established distribution network.

c. Company Revenue Model

• Domestic FMCG Sales
  o Revenue generated through manufacturing and sale of tablets, balms, cough drops, digestive products, candies, energy drinks, dental care creams, and other wellness products to distributors, retailers, and consumers across India.

• Brand Licensing and Trading Revenue
  o Contribution from trading activities under well-established brand names including PANJON, SWAD, PERCY, KERY, PURTI, and HINKARGIRI.

• Institutional and Bulk Contracts
  o Supply agreements with large-scale retail chains, pharmacies, and institutional buyers for consumer wellness products.

Revenue performance is primarily influenced by demand for consumer wellness products, raw material costs (especially herbs, extracts, and pharmaceutical ingredients), and selling price realizations in domestic markets.

d. Geographic Presence

• Registered Office
  o Indore, Madhya Pradesh, India.

• Corporate Headquarters
  o Indore, Madhya Pradesh, India.

• Manufacturing Facility
  o Primary production plant located at Panjon Farm House, Airport – Bijasan Road, Indore, Madhya Pradesh, India.

• Distribution Network
  o Domestic distribution across India through a network of distributors, retailers, and pharmacies.

e. Key Milestones

• 1977: Founding of Panjon by Mr. Nagin Kothari.

• 1990: Incorporation of Panjon Private Limited on March 28.

• 1992: Conversion into public limited company on November 7.

• 1990s: Acquisition of trademarks “Panjon”, “Swad” and “Percy” from Panama Chemical Works, Indore.

• 2014: Capital reduction and allotment of equity shares.

• 2024: Conversion of warrants leading to increase in equity capital.

• Recent years: Continued focus on manufacturing expansion and product portfolio diversification.

f. Industry Perspective

The FMCG and consumer wellness industry is influenced by changes in consumer preferences, health awareness, disposable incomes, and distribution efficiency. Demand trends are influenced by economic activity, population growth, urbanization, and increasing preference for branded wellness products. The industry is also affected by fluctuations in raw material prices such as herbs, extracts, and pharmaceutical ingredients, along with packaging and logistics costs. Brand recognition and product innovation are increasingly shaping market share and consumer loyalty. Companies in the sector must manage changing consumer tastes and cost volatility while maintaining product quality and distribution reach. These factors collectively influence financial performance and investor perception of firms like Panjon.

Panjon Limited Stock Market Presence: Listings & Index Representation

Panjon Limited is listed on the Bombay Stock Exchange (BSE) under the scrip code 526345. Panjon share price is actively traded on the BSE platform. The company is not listed on the National Stock Exchange (NSE) for regular trading. Panjon stock price is available for trading exclusively on the BSE exchange with a face value of Rs 10 per share. The company‘s market presence is within the micro-cap segment of the market, specifically under the FMCG and consumer wellness industry. Due to its size and sector focus, Panjon share price is generally tracked by investors interested in the small-scale consumer products sector.

Panjon finds representation in broad-based stock market indices that track the FMCG sector. The company is included as a constituent of the BSE SmallCap index within the consumer goods category. Panjon also forms part of sector-specific indices that monitor FMCG and pharmaceutical companies. Panjon movement relative to these indices provides context for understanding the company‘s market standing. This representation helps investors track the stock relative to other FMCG and consumer wellness companies operating in the Indian market. The company’s inclusion in these indices underscores its presence within the broader consumer products ecosystem.

Panjon Limited Stock Performance and Share Price History

Panjon share price today on the BSE reflects its position as a fast-moving consumer goods company manufacturing and trading pharmaceutical and wellness products in India. Its performance is qualitatively driven by factors such as production capacity utilization, management of raw material costs including herbs and pharmaceutical ingredients, growth in domestic distribution networks, and the ability to control operational expenses. Investors compare the stock‘s current movement with other FMCG companies to assess relative strength. Panjon movements become visible through real market movements across different time periods.

Panjon shows patterns during earnings-driven price changes. Broader sector strength has also supported the stock from time to time. Beyond operational and sector influences, corporate actions such as the company’s expansion plans for manufacturing capacity enhancement and its conversion of warrants in 2024 can significantly affect Panjon movements by shaping future growth expectations. This shows how strategic initiatives may trigger short-term swings, even within a regulatory environment influenced by FMCG industry regulations and consumer spending cycles.

While short-term movements respond to events and announcements, longer-term valuation trends are captured by the stock‘s annual high and low levels, offering context beyond daily or weekly changes. A notable peak in Panjon indicates stronger consumer demand and stable input costs, whereas a significant low aligns with market corrections or FMCG sector volatility. These extremes reflect the impact of government policies on consumer spending, global raw material price trends, and earnings visibility, providing a framework for understanding historical performance of Panjon stock price.

Panjon behaviour mirrors the trading patterns of a micro-cap FMCG company within India’s consumer goods ecosystem. The company‘s diversified product portfolio spanning tablets, balms, cough drops, digestive products, candies, energy drinks, dental care creams, and hair oil has shaped its price history. Over recent periods, Panjon has experienced periods of sharp gains followed by phases of consolidation. For instance, the stock was trading at around Rs 21 to Rs 24 levels in early 2026, with a 52-week high recorded at certain levels. Panjon stock price has shown higher volatility compared to the overall market, with the stock delivering negative returns of approximately 26.96 per cent in the calendar year 2025.

The company’s performance has closely tracked India‘s consumer spending patterns on wellness products. Positive momentum for Panjon appeared during periods of increased health awareness and demand for digestive wellness products. However, periods of high raw material costs for herbs and pharmaceutical ingredients and competitive pressure from larger FMCG players have led to consolidation in Panjon. Profitability has faced challenges due to variable input cost cycles and pricing pressures, though the company’s net profit has shown significant growth, rising 200 per cent in the June 2025 quarter and 231.25 per cent for the full fiscal year ended March 2025. Panjon has reflected these earnings improvements through periods of price adjustment.

Panjon experienced a notable decline during challenging market conditions. A drop in consumer demand for wellness products or deterioration in product realizations directly impacts profitability and leads to selling pressure, which pulls Panjon lower. Changes in government policy such as adjustments in GST rates on FMCG products or modifications in pharmaceutical regulations can also cause the stock to fall. Moreover, increases in operational costs without matching price increases squeeze margins, making Panjon share price less attractive to market participants.

Periods of economic slowdown that affect disposable income and consumer spending on wellness products raise concerns about demand, leading to price declines in Panjon. Panjon is sensitive to raw material price movements. If prices for herbs, extracts, or pharmaceutical ingredients rise significantly, it can cause the stock to fall as investors adjust expectations for future margin compression. Broader market sell-offs in micro-cap stocks also pull Panjon share price down, regardless of the company‘s individual performance.

Lower production volumes or reduced distribution reach directly impacts revenue, resulting in a lower valuation for Panjon. The company has faced headwinds from fluctuating raw material costs, increased competitive pressures from larger FMCG players with greater brand recognition and distribution reach, and the need to maintain product quality to retain consumer trust. Panjon has also been affected by the company’s investment in capacity expansion, which adds to capital expenditure without immediate revenue contribution.

The company maintains a strong focus on its core consumer wellness business while exploring opportunities to expand through manufacturing upgradation and new product development. Panjon has shown that the company‘s strategy of manufacturing established brand products like PANJON Tablet, SWAD digestive range, PERCY Candy, and KERY Cough Drops has provided growth opportunities during favourable market cycles. However, the competitive landscape and the presence of larger FMCG players with significant scale advantages continue to influence Panjon share price movements. Panjon stock price remains closely watched by market participants for signals about consumer spending trends and raw material cost movements.

Panjon Limited Investor Relevance and Role in Portfolio

Panjon share price is relevant for investors seeking exposure to the FMCG sector with a focus on micro-cap consumer wellness and pharmaceutical products companies. The company’s inclusion in micro-cap and consumer goods indices underscores its importance in India‘s FMCG space. Panjon position as a manufacturer of allopathic and ayurvedic medicines, digestive wellness products, confectionery, and energy drinks, together with its popular brand portfolio including PANJON, SWAD, PERCY, KERY, and PURTI, makes it a consideration for certain portfolio allocations.

Panjon share price is influenced by the company’s ownership structure. The company’s equity is held by a mix of promoters and public investors, reflecting its standing in India‘s FMCG sector. Promoters hold a stable majority stake of 56.69 per cent as of March 2026, reflecting strong internal control under the leadership of Jay Kothari as Chairman and Managing Director. The promoter with the highest holding is Jay Kothari with 21.61 per cent, followed by Anju Kothari with 12.97 per cent and Archit Jay Kothari with 6.45 per cent. Foreign institutional investors hold no shares in the company. Mutual funds also hold no stake in Panjon. The public holds the remaining stake of about 43.31 per cent, including retail investors and other entities. The company‘s management includes Jay Kothari as Chairman and Managing Director, Anju Kothari as Executive Director, and other named independent directors including Prakash Doshi, Amit Mangalchand Mehta, and Pooja Bhandari. Promoters have pledged none of their holdings, indicating no pledge risk. This investor base, with stable promoter participation, underscores the company’s role as a holding in focused portfolios concentrating on micro-cap FMCG manufacturing.

Beyond fundamentals and ownership, Panjon stock price is actively monitored in cash market segments on the BSE exchange. Trading volumes and delivery patterns reflect expectations on consumer demand for wellness products, raw material price trends, and regulatory policy actions affecting the FMCG and pharmaceutical industry. The stock is available for trading on the BSE exchange, allowing investors to take positions based on their outlook for the consumer goods sector. Market participants watch these trading indicators to gauge sentiment around quarterly results and policy announcements related to GST rates and pharmaceutical regulations.

Technical indicators provide additional insight into short term momentum shifts in Panjon share price. While these indicators are primarily used for near term trading decisions, they also help investors and portfolio managers understand broader market sentiment and anticipate potential volatility, especially around key events or announcements. In the short term and weekly timeframe, the stock has exhibited price movements that correlate with broader FMCG sector trends. Based on available data, the stock’s beta indicates its volatility characteristics relative to the broader market, with the company having a debt-free balance sheet.

Overall, Panjon share price demonstrates a volatility profile that makes it sensitive to broader market movements and sector specific factors such as consumer spending cycles on wellness products, raw material cost fluctuations including herbs and pharmaceutical ingredients, regulatory changes affecting FMCG and pharmaceutical industries, and competition from larger consumer goods players. The company’s debt free status provides financial flexibility. Return on equity is measured at 5.32 per cent for the trailing twelve months, and the company’s book value per share serves as a reference point for valuation assessments by market participants.

Panjon Limited Sectoral Relevance and Peer Positioning

Panjon Limited sector relevance stems from its five-decade presence in the FMCG industry, its position as a manufacturer and trader of consumer and pharmaceutical products in India, its product portfolio including PANJON Tablet, PANJON Balm, PANJON Inhaler, PANJON cough drops, SWAD digestive range comprising SWAD Digestive Drops, SWAD AWLA and SWAD KHAJOOR digestive crystals, PERCY CANDY confectionary product, PERCY SIP sugar mixed soft drink liquid concentrate, KERY COUGH DROPS, PURTI TAZAGI MASALA mouth freshener, PANJON Dental Care Cream, Swad Energy Drink, and hair oil, its manufacturing facility at Panjon Farm House in Indore, Madhya Pradesh, its well-recognized brand names PANJON, SWAD, PERCY, KERY, PURTI, and HINKARGIRI, its distribution network across India with a strong presence in consumer wellness segment, and its plans for major expansion and upgradation of manufacturing facilities including capacity enhancement for Swad Awla, Swad Khajoor, Purti, Percy Sip, lollipops and toffees, establishing it as a focused micro-cap FMCG provider supporting India‘s consumer health and wellness ecosystem. Panjon share price is compared with peers like Hindustan Unilever, ITC, Nestlé India, Britannia Industries, and other FMCG companies. These comparisons focus on brand portfolio, distribution reach, product diversification, and manufacturing scale rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of consumer spending trends, raw material price movements, and government FMCG policies further highlights Panjon positioning within India’s broader consumer goods market.

Panjon market cap history reflects the company‘s position as a micro-cap player within India‘s FMCG sector. Based on available data, the company’s market capitalization has fluctuated within a range of approximately Rs 43 Crore depending on the reporting period. The market cap has moved in line with investor perceptions of the company‘s growth potential following various market cycles. From earlier years through more recent periods, the market cap showed certain trends as the company maintained its product portfolio and manufacturing operations, followed by periods of contraction. This pattern reflects investor confidence during favourable consumer demand cycles, followed by contraction during challenging periods impacted by rising raw material costs and competitive pressures from larger FMCG players. This movement mirrors the pattern in Panjon share price from its various levels over time.

Panjon earnings trajectory demonstrates the impact of its operational execution in a competitive FMCG industry. In recent fiscal years, total income showed strong growth supported by the core consumer wellness business. Based on available data, the company‘s revenue from operations increased from Rs 12.55 crore in FY24 to Rs 30.46 crore in FY25, showing significant growth of approximately 142.7 per cent. Profit after tax also showed substantial growth, rising 231.25 per cent to Rs 0.53 crore in FY25 as compared to Rs 0.16 crore in the previous year. The company’s net profit rose 200 per cent to Rs 0.09 crore in the June 2025 quarter, 214.29 per cent to Rs 0.22 crore in the September 2025 quarter, and 360 per cent to Rs 0.23 crore in the March 2025 quarter, demonstrating consistent profit growth. The company has faced headwinds from fluctuating raw material costs for herbs and pharmaceutical ingredients, increased competitive pressures from larger FMCG players, and the need to maintain product quality to retain consumer trust. However, the company has continued to focus on its core consumer wellness business and expects to benefit from manufacturing capacity expansion. These developments illustrate the cyclical nature of the FMCG industry and the company‘s position within this sector. Panjon share price has moved in response to these earnings patterns.

Panjon EPS provides insight into its operational performance and income generation from FMCG manufacturing and trading activities. Based on available data, the company reported a basic EPS in certain recent quarters showing certain patterns compared to previous periods. The trailing twelve month EPS stands at Rs 0.31 per share as per available data. The company’s EPS for FY25 improved compared to the prior fiscal year, with the company reporting EPS of Rs 0.31 for March 2025 year end. The company has a face value per share of Rs 10 and has roots dating back to 1977. More recent quarterly performance suggests that EPS has shown certain movements as the company manages its revenue growth and operational costs in a challenging environment. Panjon share price has reflected these EPS trends over time.

Panjon P/E ratio reflects how investors perceive the company‘s earnings relative to its revenue streams from FMCG manufacturing and trading. Based on available data, the current P/E ratio stands at approximately 80.94, which represents a premium compared to the industry P/E of 31.0. The company’s profit after tax showed substantial growth from previous fiscal years to more recent periods. However, quarterly performance has shown certain patterns, with profit after tax and total income showing changes on a quarter on quarter basis. The company‘s earnings before interest and taxes for recent periods stood at certain levels with corresponding margins. The operating profit margin for the December 2025 quarter stood at 1.70 per cent, with a nine-month operating profit margin of 2.06 per cent. The net profit margin showed certain changes in recent quarters compared to earlier periods. Overall, these changes highlight how market sentiment evolves alongside the company’s operational performance in a cyclical industry. Panjon stock price has moved in line with these valuation changes.

Summary

Panjon operates as a micro-cap FMCG company manufacturing and trading allopathic and ayurvedic medicines, digestive wellness products, confectionery, energy drinks, and personal care products under popular brands including PANJON, SWAD, PERCY, KERY, and PURTI. Panjon share price movements reflect the company‘s production volumes for wellness products and raw material cost management. Panjon stock price is influenced by FMCG sector policies, consumer spending cycles on wellness products, and competitive dynamics in the consumer goods industry. The company has roots dating back to 1977 and operates from its manufacturing facility in Indore, Madhya Pradesh. Promoters hold a stable majority stake of 56.69 per cent in the company.