Pan India Corporation Ltd

Pan India Corporation Ltd (PANINDIAC) is a micro-cap Financial Services company valued at ₹18 crore operating in Investment Company on the NSE and BSE.

What changed?

Pan India Corporation Ltd last traded at ₹1.39, unchanged on the day.

Recent developments

2026-09-04: Positive news about residential rooftop solar installations in India, but it does not directly relate to the company's operations. 2026-09-02: Negative news about competition in the ice cream market, which also does not directly affect the company. 2026-08-31: A positive development as GRT Jewellers acquires a stake in TBZ, but this is unrelated to the company. 2026-08-29: A positive development with NBCC and NHPC signing an MoU for infrastructure projects, which again does not impact the company.

Is the business improving?

The company's business is not generating revenue, with annual revenue remaining at ₹0 crore. Profit has improved slightly, with the annual net profit loss narrowing from ₹4 crore to ₹1 crore. However, the latest quarter shows no change in net profit, which remained at ₹0 crore loss. Margins and returns are negative, with return on equity and return on capital employed both at -6.3%.

Is it expensive?

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 3.62 times book value.

What could go wrong?

The company has no revenue, which is a significant risk. The net profit loss, although narrowing, remains substantial. The company's return on equity and return on capital employed are negative, indicating poor performance. The low interest coverage ratio suggests potential financial stress.

DocStoX conclusion

DocStoX rates PANINDIAC as “avoid”, scoring 3.0/10 with 55% confidence. The DocStoX verdict of avoid follows from the evidence because the company has no revenue and continues to report losses, despite some narrowing in the loss. The most critical factor is the lack of revenue and persistent losses, which indicate a fundamentally weak business model.

Analysis written by DocStoX's model on 2026-09-08 from company filings and market data · verdict updated 2026-09-08. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.