Pennar Industries Ltd.

•

pennarindia.comBSE: 513228NSE: PENIND

Market Cap₹ 2,378 Cr.

Current Price

High / Low₹ 280 / 129

Stock P/E16.7

Book Value₹ 89

Price to Book1.52

Dividend Yield0.00 %

ROCE15.6 %

ROE12.9 %

Face Value₹ 5

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Diversified Engineering: 50.5% • Custom designed building solutions & auxiliaries: 49.5%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 117.8% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 18.9% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.91x)
Attractively priced for its growth - PEG of 0.7

CONS

A large part of profit comes from other income (25.7% of PBT)
Total debt has risen sharply - up 47.3% year on year
Growth is decelerating - 3Y profit CAGR (22.6%) trails the 5Y trend (117.8%)
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1267.50	12.51	309961.29	0.56	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	182.85	20.69	228259.99	2.19	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	179.00	17.31	73936.40	1.31	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2676.25	30.57	70596.97	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	755.20	19.16	62260.17	0.53	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2153.00	48.64	59779.85	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1074.35	26.70	29988.53	0.42	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.15	45.47	19682.88	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	524.75	16.37	18491.21	0.38	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	244.50	20.41	16460.69	0.41	222.37	2.75	1750.47	32.29	20.20	19.36
12.	PENIND	175.50	16.71	2377.96	0.00	35.41	10.79	870.42	2.93	15.55	10.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	749	814	745	823	733	748	840	906	846	907	943	925	870
	687	744	669	758	662	672	758	814	760	825	860	820	838
Operating Profit	62	70	76	65	72	75	82	92	86	81	83	105	33
OPM %	8.27%	8.63%	10.20%	7.88%	9.76%	10.07%	9.71%	10.12%	10.16%	8.98%	8.76%	11.37%	3.75%
	12	6	6	16	7	6	7	7	8	13	16	9	14
Interest	28	30	31	26	27	28	31	34	35	34	34	34	36
Depreciation	16	17	18	16	17	17	17	18	19	19	22	25	24
Profit before Tax	29	30	33	39	35	36	40	48	40	41	43	55	47
Tax %	25.94%	24.79%	23.28%	26.45%	25.49%	25.46%	23.43%	23.95%	20.33%	21.45%	21.74%	25.56%	24.19%
Net Profit	0	0	0	0	26	27	30	36	32	32	34	41	35
	1.62	1.67	1.88	2.12	1.96	1.99	2.25	2.64	2.37	2.39	2.49	3.04	2.62

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,541	1,768	2,133	2,107	1,525	2,266	2,895	3,131	3,227	3,620	3,645
	1,387	1,562	1,960	1,937	1,432	2,094	2,673	2,858	2,916	3,265	3,343
Operating Profit	154	206	173	169	93	171	221	273	311	355	302
OPM %	10.00%	11.65%	8.12%	8.03%	6.09%	7.56%	7.64%	8.72%	9.63%	9.81%	8.28%
	8	29	27	20	39	17	33	40	37	46	52
Interest	62	67	75	83	80	78	91	115	120	138	139
Depreciation	25	29	28	43	48	54	65	66	69	84	89
Profit before Tax	75	138	97	63	4	56	98	131	159	180	186
Tax %	33.48%	34.47%	31.15%	15.40%	22.19%	25.04%	23.37%	25.16%	24.50%	22.53%	23.43%
Net Profit	50	90	67	53	3	42	75	98	120	139	142
EPS	4.14	5.87	4.36	3.51	0.18	2.94	5.49	7.29	8.84	10.29	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 19%
3 Years:: 8%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 123%
3 Years:: 23%

STOCK PRICE CAGR

10 Years:: 15%
5 Years:: 42%
3 Years:: 19%
1 Year:: -29%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 11%
3 Years:: 13%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	60	76	76	73	71	71	67	67	67	67
Minority Interest	83	0	0	1	1	1	1	1	1	0
	416	528	591	628	625	664	711	809	931	1,096
	313	364	452	494	618	642	671	712	740	1,090
Trade Payables	439	370	449	479	443	544	584	791	877	899
	173	174	175	180	135	219	284	260	337	397
Total Liabilities	1,484	1,512	1,744	1,853	1,893	2,141	2,318	2,640	2,953	3,549
	441	342	454	626	603	644	721	697	923	1,024
Capital Work in Progress	12	27	118	33	61	76	18	218	53	136
	35	69	52	45	18	45	27	22	12	27
	399	433	439	440	487	643	783	825	935	1,010
	0	0	0	0	0	0	0	495	580	731
Cash & Bank	78	50	38	59	55	87	173	142	190	270
	519	590	643	650	669	646	597	242	260	351
Total Assets	1,484	1,512	1,744	1,853	1,893	2,141	2,318	2,640	2,953	3,549

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	19	29	210	209	-40	205	258	225	256	202
Cash from Investing	41	-39	-204	-72	-6	-98	-28	-257	-105	-349
Cash from Financing	-21	16	13	-95	43	-92	-113	-22	-100	211
	1	-26	-18	24	-5	4	104	-54	51	64

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39.63	39.66	39.66	39.66	39.66	39.66	39.67	39.67	39.67
	4.86	4.81	4.40	3.81	6.23	6.74	5.02	4.05	3.98
	0.32	1.48	1.56	1.69	1.74	1.98	2.13	5.23	5.85
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	55.19	54.05	54.37	54.84	52.38	51.62	53.18	51.06	50.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Pennar Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Updates

2026-09-02 - Pennar Industries Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the financial year 2025-26'.

2026-09-02

Updates

2026-09-02 - Pennar Industries Limited has informed the Exchange regarding 'E-voting and Cut-Off Date for the AGM'.

2026-09-02

General Updates

2026-09-02 - Pennar Industries Limited has informed the Exchange about General Updates

2026-09-02

Shareholders meeting

2026-09-02 - Pennar Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Pennar Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Giving guarantees/indemnity/ becoming a surety for third party

2026-08-27 - Pennar Industries Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Pennar Industries Limited has informed the Exchange about Transcript

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Pennar Industries Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for PENIND

Loading news…

🤖

AI Stock Analyst

Pennar Industries Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account