Panasonic Energy India Company Ltd
PANA

Panasonic Energy India Company Ltd (504093)

₹267.70.23%

Key Stats

₹263.25
Day's Price Range
₹275
₹220
52-Week Price Range
₹413.75
1 Month Return6.04 %
3 Month Return11.88 %
1 Year Return-9.56 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 463
EPS
Rank 467
BVPS
Rank 542
Dividend Yield
Rank 185
ROE
Rank 323
8.74%
Price To Book Ratio
Rank 365
Debt To Asset
Rank 529

Company Information

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 commenced production of dry cell batteries employing aluminium chloride technology. The companys collaborators Matsushita Electric Industrial Corporation and Matsushita Electric Battery together hold the majority stake of 51 in the company. The companys Novino and Sumo range of batteries enjoy 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 3DNovino Gold penlite batteries which are virtually 100 leakproof. In 1993 the company implemented a backward integration project to manufacture battery grade separator paper. To partfinance the cost of an additional production line at Pithampur Madhya Pradesh to manufacture hitech UM3D R6 type of Novino Gold mercuryfree dry cell batteries the company went public in May 94. The unit at Pithampur commenced production in Feb.95. In 199596 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 19992000 the company has introduced Novino Premium Gold UM3NE 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 20002001 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.
OrganisationPanasonic Energy India Company Ltd
HeadquartersVadodara
IndustryDry cells