Income Statement Pan Electronics (India) Limited

Stocks

PANELEC6

INE648E01010

Electronic Equipment & Parts

Market Closed - Bombay S.E. 06:02:27 2026-10-05 EDT			5-day change	1st Jan Change
25.32 ^INR	+0.24%		-5.17%	-39.00%

08-13	Pan Electronics Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-29	Pan Electronics Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

43.IUZqmgcIGpk3GIYrj7hzNysDwscbs7UY1w74rM1R4Os.YxkQ02RfbNFjYPZN9YAAT0lCpKJB_993s3SZmoESrY9LCT7CS0dT72Rovg

Published financial data: PAN ELECTRONICS (INDIA) LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	22.06M	18.95M	20.34M	48.26M	33.29M
Total Revenues	22.06M	18.95M	20.34M	48.26M	33.29M
Cost of Goods Sold, Total	23.2M	15.59M	14.31M	44.29M	17.47M
Gross Profit	-1.14M	3.36M	6.03M	3.97M	15.82M
Selling General & Admin Expenses, Total	15.08M	24.74M	20.92M	18.83M	16.48M
Depreciation & Amortization - (IS)	8.95M	10.53M	9.84M	10.15M	10.74M
Other Operating Expenses	6.95M	7.26M	4.68M	7.09M	6.06M
Other Operating Expenses, Total	30.99M	42.53M	35.44M	36.07M	33.28M
Operating Income	-32.13M	-39.17M	-29.42M	-32.1M	-17.46M
Interest Expense, Total	-4.86M	-6.51M	-6.86M	-5.07M	-3.2M
Interest And Investment Income	37.56K	34.6K	29.81K	61K	13K
Net Interest Expenses	-4.82M	-6.47M	-6.83M	-5.01M	-3.18M
Currency Exchange Gains (Loss)	-33.42K	-111K	-	-	-
Other Non Operating Income (Expenses)	-323K	-281K	-157K	-321K	-212K
EBT, Excl. Unusual Items	-37.31M	-46.04M	-36.4M	-37.43M	-20.86M
Gain (Loss) On Sale Of Investments	186K	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-37.12M	-46.04M	-36.4M	-37.43M	-20.86M
Earnings From Continuing Operations	-37.12M	-46.04M	-36.4M	-37.43M	-20.86M
Net Income to Company	-37.12M	-46.04M	-36.4M	-37.43M	-20.86M
Net Income - (IS)	-37.12M	-46.04M	-36.4M	-37.43M	-20.86M
Net Income to Common Incl Extra Items	-37.12M	-46.04M	-36.4M	-37.43M	-20.86M
Net Income to Common Excl. Extra Items	-37.12M	-46.04M	-36.4M	-37.43M	-20.86M
Per Share Items
Net EPS - Basic	-9.28	-11.51	-9.1	-9.36	-5.21
Basic EPS - Continuing Operations	-9.28	-11.51	-9.1	-9.36	-5.21
Basic Weighted Average Shares Outstanding	4M	4M	4M	4M	4M
Net EPS - Diluted	-9.28	-11.51	-9.1	-9.36	-5.21
Diluted EPS - Continuing Operations	-9.28	-11.51	-9.1	-9.36	-5.21
Diluted Weighted Average Shares Outstanding	4M	4M	4M	4M	4M
Normalized Basic EPS	-5.83	-7.19	-5.69	-5.85	-3.26
Normalized Diluted EPS	-5.83	-7.19	-5.69	-5.85	-3.26
Supplemental Items
EBITDA	-23.17M	-28.64M	-19.57M	-21.95M	-6.73M
EBITA	-32.13M	-39.17M	-29.42M	-32.1M	-17.46M
EBIT	-32.13M	-39.17M	-29.42M	-32.1M	-17.46M
EBITDAR	-22.28M	-25.01M	-15.76M	-17.94M	-2.52M
Total Revenues (As Reported)	22.37M	18.98M	20.37M	48.33M	33.32M
Normalized Net Income	-23.32M	-28.78M	-22.75M	-23.39M	-13.04M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	30.48K	-205K	113K	-404K	-690K
Supplemental Operating Expense Items
Advertising Expense	1.15M	6.17M	2.29M	3.44M	2.56M
Selling and Marketing Expenses	1.15M	6.17M	2.29M	3.44M	2.56M
Net Rental Expense, Total	893K	3.63M	3.81M	4M	4.2M
Imputed Operating Lease Interest Expense	155K	689K	657K	464K	286K
Imputed Operating Lease Depreciation	738K	2.94M	3.16M	3.54M	3.92M
Maintenance & Repair Expenses, Total	1.95M	2.24M	161K	269K	454K

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	1.34M	287K	1.22M	2.08M	1.39M
Total Cash And Short Term Investments	1.34M	287K	1.22M	2.08M	1.39M
Accounts Receivable, Total	15.15M	14.41M	13.93M	18.4M	16.68M
Other Receivables	304K	304K	-	-	-
Total Receivables	15.45M	14.72M	13.93M	18.4M	16.68M
Inventory	10.77M	12.15M	10.51M	13.13M	15.8M
Other Current Assets, Total	27.89M	33.61M	34.33M	27.42M	27.31M
Total Current Assets	55.46M	60.77M	59.99M	61.03M	61.18M
Gross Property Plant And Equipment	255M	264M	274M	283M	285M
Accumulated Depreciation	-193M	-204M	-214M	-224M	-235M
Net Property Plant And Equipment	61.78M	59.84M	60.21M	58.87M	49.93M
Long-term Investments	480K	442K	480K	480K	480K
Other Intangibles, Total	-	-	-	-	-
Other Long-Term Assets, Total	-	3.2M	3.2M	3.2M	3.2M
Total Assets	118M	124M	124M	124M	115M
Liabilities
Accounts Payable, Total	8.89M	7.24M	6.97M	19.95M	8.8M
Accrued Expenses, Total	5.62M	5.14M	6.51M	2.28M	1.25M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	10.04M	9.43M	10.05M	10M	-
Other Current Liabilities	-	150K	197K	168K	1.33M
Total Current Liabilities	24.56M	21.95M	23.73M	32.4M	11.38M
Long-Term Debt	237M	292M	325M	354M	388M
Pension & Other Post Retirement Benefits	511K	679K	987K	618K	211K
Other Non Current Liabilities	199K	144K	642K	195K	43K
Total Liabilities	263M	315M	351M	388M	400M
Common Stock, Total	40M	40M	40M	40M	40M
Additional Paid In Capital	9.3M	9.3M	-	9.3M	-
Retained Earnings	-225M	-270M	-	-344M	-
Comprehensive Income and Other	30.59M	30.59M	-267M	30.59M	-325M
Total Common Equity	-145M	-190M	-227M	-264M	-285M
Total Equity	-145M	-190M	-227M	-264M	-285M
Total Liabilities And Equity	118M	124M	124M	124M	115M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4M	4M	4M	4M	4M
ECS Total Common Shares Outstanding	4M	4M	4M	4M	4M
Book Value / Share	-36.24	-47.6	-56.66	-66.02	-71.23
Tangible Book Value	-145M	-190M	-227M	-264M	-285M
Tangible Book Value Per Share	-36.24	-47.6	-56.66	-66.02	-71.23
Total Debt	247M	301M	335M	364M	388M
Net Debt	246M	301M	334M	362M	387M
Debt Equivalent of Unfunded Proj. Benefit Obligation	951K	830K	1.28M	845K	263K
Debt Equivalent Oper. Leases	7.14M	29.05M	30.51M	32.03M	33.63M
Account Code - Inventory Valuation	8	8	8	3	3
Inventories - Raw Materials, Total	7.66M	7.67M	5.51M	8.72M	10.15M
Inventories - Finished Goods, Total	3.11M	4.49M	5M	4.41M	5.65M
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	255M	263M	273M	282M	284M
Full Time Employees	10	10	40	40	12

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	-37.12M	-46.04M	-36.4M	-37.43M	-20.86M
Depreciation & Amortization - CF	8.95M	10.53M	9.84M	10.15M	10.74M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	8.95M	10.53M	9.84M	10.15M	10.74M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-186K	38.17K	-38.17K	-	-
Other Operating Activities, Total	-	-	-400	-40K	-
Change In Accounts Receivable	-14.3M	739K	479K	-4.46M	1.72M
Change In Inventories	-2.94M	-1.38M	1.65M	-2.62M	-2.68M
Change In Accounts Payable	5.38M	-1.66M	-271K	12.98M	-11.14M
Change in Other Net Operating Assets	345K	-7.5M	2.02M	1.34M	1.97M
Cash from Operations	-39.86M	-45.27M	-22.72M	-20.08M	-20.25M
Capital Expenditure	-8.18M	-8.59M	-10.22M	-8.8M	-1.79M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	161K	-42.5K	496K	-2.3M
Other Investing Activities, Total	-1.23M	-	-	-	-
Cash from Investing	-9.41M	-8.43M	-10.26M	-8.31M	-4.09M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Other Financing Activities, Total	47.47M	53.87M	33.9M	29.17M	23.64M
Cash from Financing	47.47M	53.87M	33.9M	29.17M	23.64M
Miscellaneous Cash Flow Adjustments	-1	-10	810	81K	-
Net Change in Cash	-1.79M	174K	929K	865K	-696K
Supplemental Items
Levered Free Cash Flow	-33.34M	-33.74M	-20.18M	-13.33M	-15.83M
Unlevered Free Cash Flow	-30.3M	-29.68M	-15.9M	-10.17M	-13.84M
Change In Net Working Capital	11M	7.13M	-2.86M	-8.55M	11.87M
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	-18.45	-20.24	-14.82	-16.21	-9.16
Return on Total Capital	-20.64	-22.95	-16.75	-19.2	-10.73
Return On Equity %	29.36	27.46	17.46	15.25	7.6
Return on Common Equity	29.36	27.46	17.46	15.25	7.6
Margin Analysis
Gross Profit Margin %	-5.17	17.72	29.63	8.23	47.52
SG&A Margin	68.37	130.56	102.87	39.02	49.52
EBITDA Margin %	-105.06	-151.14	-96.24	-45.48	-20.21
EBITA Margin %	-145.65	-206.72	-144.64	-66.51	-52.46
EBIT Margin %	-145.65	-206.72	-144.64	-66.51	-52.46
Income From Continuing Operations Margin %	-168.28	-242.96	-178.98	-77.55	-62.66
Net Income Margin %	-168.28	-242.96	-178.98	-77.55	-62.66
Net Avail. For Common Margin %	-168.28	-242.96	-178.98	-77.55	-62.66
Normalized Net Income Margin	-105.7	-151.85	-111.86	-48.47	-39.16
Levered Free Cash Flow Margin	-151.14	-178.07	-99.22	-27.62	-47.57
Unlevered Free Cash Flow Margin	-137.38	-156.6	-78.15	-21.06	-41.57
Asset Turnover
Asset Turnover	0.2	0.16	0.16	0.39	0.28
Fixed Assets Turnover	0.35	0.31	0.34	0.81	0.61
Receivables Turnover (Average Receivables)	2.76	1.28	1.44	2.99	1.9
Inventory Turnover (Average Inventory)	2.49	1.36	1.26	3.75	1.21
Short Term Liquidity
Current Ratio	2.26	2.77	2.53	1.88	5.38
Quick Ratio	0.68	0.68	0.64	0.63	1.59
Operating Cash Flow to Current Liabilities	-1.62	-2.06	-0.96	-0.62	-1.78
Days Sales Outstanding (Average Receivables)	132.39	284.7	255.04	122.25	192.3
Days Outstanding Inventory (Average Inventory)	146.34	268.28	289.75	97.38	302.23
Average Days Payable Outstanding	86.65	173.4	205.17	104.7	260.49
Cash Conversion Cycle (Average Days)	192.07	379.58	339.62	114.92	234.04
Long Term Solvency
Total Debt/Equity	-170.71	-158.25	-147.91	-138.01	-136.2
Total Debt / Total Capital	241.43	271.67	308.72	363.1	376.21
LT Debt/Equity	-163.78	-153.3	-143.47	-134.22	-136.2
Long-Term Debt / Total Capital	231.63	263.17	299.46	353.14	376.21
Total Liabilities / Total Assets	223.13	253.24	282.94	313.68	348.22
EBIT / Interest Expense	-6.61	-6.02	-4.29	-6.34	-5.47
EBITDA / Interest Expense	-4.77	-4.4	-2.85	-4.33	-2.11
(EBITDA - Capex) / Interest Expense	-6.45	-5.72	-4.34	-6.07	-2.67
Total Debt / EBITDA	-10.68	-10.52	-17.13	-16.6	-57.69
Net Debt / EBITDA	-10.62	-10.51	-17.06	-16.51	-57.48
Total Debt / (EBITDA - Capex)	-7.89	-8.09	-11.25	-11.85	-45.54
Net Debt / (EBITDA - Capex)	-7.85	-8.09	-11.21	-11.78	-45.38
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-14.09	7.33	137.31	-31.03
Gross Profit, 1 Yr. Growth %	-61.27	-394.42	79.5	-34.12	298.34
EBITDA, 1 Yr. Growth %	115.72	23.6	-31.66	12.13	-69.35
EBITA, 1 Yr. Growth %	81.18	21.93	-24.91	9.12	-45.59
EBIT, 1 Yr. Growth %	81.18	21.93	-24.91	9.12	-45.59
Earnings From Cont. Operations, 1 Yr. Growth %	-209.82	24.03	-20.94	2.82	-44.27
Net Income, 1 Yr. Growth %	-209.82	24.03	-20.94	2.82	-44.27
Normalized Net Income, 1 Yr. Growth %	67.05	23.41	-20.94	2.82	-44.27
Diluted EPS Before Extra, 1 Yr. Growth %	-209.82	24.03	-20.94	2.86	-44.34
Accounts Receivable, 1 Yr. Growth %	1.68K	-4.88	-3.32	32.03	-9.34
Inventory, 1 Yr. Growth %	37.47	12.86	-13.54	24.94	20.39
Net Property, Plant and Equip., 1 Yr. Growth %	-1.24	-3.14	0.62	-2.24	-15.19
Total Assets, 1 Yr. Growth %	17.74	5.55	-0.3	-0.25	-7.12
Tangible Book Value, 1 Yr. Growth %	34.34	31.36	19.03	16.51	7.9
Common Equity, 1 Yr. Growth %	34.34	31.36	19.03	16.51	7.9
Cash From Operations, 1 Yr. Growth %	638.3	13.58	-49.82	-11.77	0.86
Capital Expenditures, 1 Yr. Growth %	-80.6	5.01	18.94	-13.82	-79.62
Levered Free Cash Flow, 1 Yr. Growth %	-16.52	-2.38	-40.19	-33.93	18.78
Unlevered Free Cash Flow, 1 Yr. Growth %	-18.76	-5.88	-46.44	-36.04	36.14
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-3.98	59.59	27.93
Gross Profit, 2 Yr. CAGR %	-46.56	6.78	129.89	8.74	62.02
EBITDA, 2 Yr. CAGR %	36.96	63.28	-8.09	-12.46	-41.38
EBITA, 2 Yr. CAGR %	30.25	48.63	-4.31	-9.48	-22.95
EBIT, 2 Yr. CAGR %	30.25	48.63	-4.31	-9.48	-22.95
Earnings From Cont. Operations, 2 Yr. CAGR %	28.24	16.71	-0.97	-9.84	-24.3
Net Income, 2 Yr. CAGR %	28.24	16.71	-0.97	-9.84	-24.3
Normalized Net Income, 2 Yr. CAGR %	29.01	43.59	-1.22	-9.84	-24.3
Diluted EPS Before Extra, 2 Yr. CAGR %	28.24	16.71	-0.97	-9.82	-24.33
Accounts Receivable, 2 Yr. CAGR %	324.21	311.6	-4.1	12.98	9.41
Inventory, 2 Yr. CAGR %	24.85	24.56	-1.22	3.93	22.64
Net Property, Plant and Equip., 2 Yr. CAGR %	-47.99	-2.2	-1.28	-0.82	-8.94
Total Assets, 2 Yr. CAGR %	-34.15	11.48	2.59	-0.27	-3.74
Tangible Book Value, 2 Yr. CAGR %	39.17	32.84	25.04	17.77	12.12
Common Equity, 2 Yr. CAGR %	39.07	32.84	25.04	17.77	12.12
Cash From Operations, 2 Yr. CAGR %	60.67	189.57	-24.51	-33.4	-5.67
Capital Expenditures, 2 Yr. CAGR %	-39.9	-54.86	11.76	1.24	-58.09
Levered Free Cash Flow, 2 Yr. CAGR %	-16.75	-8.08	-23.59	-37.14	-11.42
Unlevered Free Cash Flow, 2 Yr. CAGR %	-19.29	-10.8	-29	-41.47	-6.69
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	558.29	-	-	29.82	20.66
Gross Profit, 3 Yr. CAGR %	-2.74	-5.62	26.97	51.56	67.64
EBITDA, 3 Yr. CAGR %	38.03	32.35	22.14	-1.79	-38.3
EBITA, 3 Yr. CAGR %	28.57	27.42	18.38	-0.03	-23.61
EBIT, 3 Yr. CAGR %	28.57	27.42	18.38	-0.03	-23.61
Earnings From Cont. Operations, 3 Yr. CAGR %	34.38	26.82	2.5	0.28	-23.2
Net Income, 3 Yr. CAGR %	34.38	26.82	2.5	0.28	-23.2
Normalized Net Income, 3 Yr. CAGR %	35.08	27.12	17.69	0.11	-23.2
Diluted EPS Before Extra, 3 Yr. CAGR %	34.38	26.82	2.5	0.29	-23.22
Accounts Receivable, 3 Yr. CAGR %	162.05	157.72	153.96	6.68	4.99
Inventory, 3 Yr. CAGR %	15.95	20.72	10.28	6.82	9.15
Net Property, Plant and Equip., 3 Yr. CAGR %	-35.64	-36.01	-1.26	-1.6	-5.86
Total Assets, 3 Yr. CAGR %	-22.53	-22.93	7.41	1.63	-2.61
Tangible Book Value, 3 Yr. CAGR %	14.17	36.51	28.07	22.13	14.38
Common Equity, 3 Yr. CAGR %	14.12	36.45	28.07	22.13	14.38
Cash From Operations, 3 Yr. CAGR %	36.83	43.13	61.44	-20.43	-23.52
Capital Expenditures, 3 Yr. CAGR %	50.65	-27.61	-37.65	2.48	-40.67
Levered Free Cash Flow, 3 Yr. CAGR %	36.98	-11.15	-20.35	-27.21	-22.29
Unlevered Free Cash Flow, 3 Yr. CAGR %	32.71	-13.91	-24.75	-31.43	-22.45
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	45.78	137.17	204.79	-	-
Gross Profit, 5 Yr. CAGR %	2.73	17.39	37.21	-0.12	39.97
EBITDA, 5 Yr. CAGR %	12.02	29.2	17.31	12.18	-8.94
EBITA, 5 Yr. CAGR %	10.58	22.74	14.24	11.13	-0.3
EBIT, 5 Yr. CAGR %	10.58	22.74	14.24	11.13	-0.3
Earnings From Cont. Operations, 5 Yr. CAGR %	13.97	30.41	18.93	10.64	-9.2
Net Income, 5 Yr. CAGR %	13.97	30.41	18.93	10.64	-9.2
Normalized Net Income, 5 Yr. CAGR %	13.92	30.29	19.18	10.8	-1.36
Diluted EPS Before Extra, 5 Yr. CAGR %	13.97	30.41	18.93	10.65	-9.22
Accounts Receivable, 5 Yr. CAGR %	37.69	75.3	75.29	85.31	81.33
Inventory, 5 Yr. CAGR %	6.09	11.71	8.75	13.7	15.07
Net Property, Plant and Equip., 5 Yr. CAGR %	-24.12	-23.98	-23.63	-23.75	-4.41
Total Assets, 5 Yr. CAGR %	-14.78	-13.02	-13.32	-14.56	2.8
Tangible Book Value, 5 Yr. CAGR %	2.4	11.03	18.4	28.68	21.43
Common Equity, 5 Yr. CAGR %	2.38	11.03	18.37	28.64	21.43
Cash From Operations, 5 Yr. CAGR %	9.73	41.15	7.86	5.39	30.27
Capital Expenditures, 5 Yr. CAGR %	50.83	-	33.69	-17.22	-46.81
Levered Free Cash Flow, 5 Yr. CAGR %	12.01	45.55	9.24	-22.64	-16.89
Unlevered Free Cash Flow, 5 Yr. CAGR %	10.04	45.12	4.16	-26.22	-17.99