Pennar Industries Ltd.

•

₹ 158.8-2.75%

2026-08-21

pennarindia.comBSE: 513228NSE: PENIND

Market Cap₹ 2,144 Cr.

Current Price₹ 163

High / Low₹ 280 / 129

Stock P/E15.1

Book Value₹ 89

Price to Book2.54

Dividend Yield0.00 %

ROCE16.4 %

ROE12.7 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Diversified Engineering: 52.1% • Custom designed building solutions & auxiliaries: 47.9%

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.47x)
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.4

CONS

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

EDIT COLUMNS

Metals & MiningIron & SteelSteel & Iron Products

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JSWSTEEL	1281.30	12.64	313336.02	0.55	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	184.00	20.82	229695.59	2.17	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	172.50	16.68	71251.56	1.36	1644.05	120.80	26245.67	1.25	6.39	15.92
4.	JSL	723.75	18.37	59667.37	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
5.	APLAPOLLO	2115.90	47.80	58749.74	0.40	263.11	10.94	5606.71	12.07	22.90	7.34
6.	WELCORP	1974.70	22.56	52090.74	0.25	1047.88	200.11	4081.12	14.91	23.94	32.17
7.	SHYAMMETL	988.70	24.57	27597.77	0.46	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	SARDAEN	512.45	15.98	18057.78	0.39	478.13	9.50	1608.04	-1.07	15.84	41.59
9.	JINDALSAW	268.95	26.32	17199.57	0.74	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	GPIL	246.30	20.55	16578.39	0.41	222.37	2.75	1750.47	32.29	23.51	19.36
11.	RATNAMANI	2295.95	37.17	16092.77	0.44	107.03	-15.82	971.63	-15.63	18.01	16.69
12.	PENIND	158.20	15.07	2143.55	0.00	35.41	10.79	870.42	2.93	16.43	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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	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
	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
	2	2	2	2	2	2	2	3	2	2	2	3	0
Equity Capital	67	67	67	67	67	67	67	67	67	67	67	67	67
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	67	67	67	67	67	67	67	67	67	67	67	67	67
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 749
: 687
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 28
Depreciation: 16
: 29
Tax %: 25.94%
Net Profit: 0
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 814
: 744
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 30
Depreciation: 17
: 30
Tax %: 24.79%
Net Profit: 0
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 745
: 669
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 31
Depreciation: 18
: 33
Tax %: 23.28%
Net Profit: 0
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 823
: 758
Operating Profit: —
OPM %: —
Other Income: 16
Interest: 26
Depreciation: 16
: 39
Tax %: 26.45%
Net Profit: 0
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 733
: 662
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 27
Depreciation: 17
: 35
Tax %: 25.49%
Net Profit: 26
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 748
: 672
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 28
Depreciation: 17
: 36
Tax %: 25.46%
Net Profit: 27
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 840
: 758
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 31
Depreciation: 17
: 40
Tax %: 23.43%
Net Profit: 30
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 906
: 814
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 34
Depreciation: 18
: 48
Tax %: 23.95%
Net Profit: 36
: 3
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 846
: 760
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 35
Depreciation: 19
: 40
Tax %: 20.33%
Net Profit: 32
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 907
: 825
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 34
Depreciation: 19
: 41
Tax %: 21.45%
Net Profit: 32
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 943
: 860
Operating Profit: —
OPM %: —
Other Income: 16
Interest: 34
Depreciation: 22
: 43
Tax %: 21.74%
Net Profit: 34
: 2
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 925
: 820
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 34
Depreciation: 25
: 55
Tax %: 25.56%
Net Profit: 41
: 3
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 870
: 838
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 36
Depreciation: 24
: 47
Tax %: 24.19%
Net Profit: 35
: 0
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 67
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,356	1,541	1,768	2,133	2,107	1,525	2,266	2,895	3,131	3,227	3,645
	1,208	1,387	1,562	1,960	1,937	1,432	2,094	2,673	2,858	2,916	3,343
Operating Profit	151	162	222	200	189	112	188	255	313	347	—
OPM %	11	11	13	9	9	7	8	9	10	11	—
Other Income	3	8	16	27	20	19	17	33	40	37	52
Interest	38	62	67	75	83	80	78	91	115	120	139
Depreciation	19	25	29	28	43	48	54	65	66	69	89
	94	75	138	97	63	4	56	98	131	158	186
Tax %	38	33	34	31	15	22	25	23	25	25	23
Net Profit	58	50	90	67	53	3	42	75	98	119	142
EPS	4	4	6	4	4	0	3	5	7	9	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	-14	-15	-1	-0	-0	-0	-0	-0	-0	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	-0
Adjusted EPS	4	3	6	4	4	0	3	6	7	9	—
Minority Interest	-14	-15	-1	-0	-0	-0	-0	-0	-0	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	-0
Adjusted EPS	4	3	6	4	4	0	3	6	7	9	—

Mar 2016

: 1,356
: 1,208
Operating Profit: 151
OPM %: 11
Other Income: 3
Interest: 38
Depreciation: 19
: 94
Tax %: 38
Net Profit: 58
EPS: 4
Dividend Payout %: 0
Minority Interest: -14
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: -14
Share of Associates: 0
Adjusted EPS: 4

Mar 2017

: 1,541
: 1,387
Operating Profit: 162
OPM %: 11
Other Income: 8
Interest: 62
Depreciation: 25
: 75
Tax %: 33
Net Profit: 50
EPS: 4
Dividend Payout %: 0
Minority Interest: -15
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: -15
Share of Associates: 0
Adjusted EPS: 3

Mar 2018

: 1,768
: 1,562
Operating Profit: 222
OPM %: 13
Other Income: 16
Interest: 67
Depreciation: 29
: 138
Tax %: 34
Net Profit: 90
EPS: 6
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 6

Mar 2019

: 2,133
: 1,960
Operating Profit: 200
OPM %: 9
Other Income: 27
Interest: 75
Depreciation: 28
: 97
Tax %: 31
Net Profit: 67
EPS: 4
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 2,107
: 1,937
Operating Profit: 189
OPM %: 9
Other Income: 20
Interest: 83
Depreciation: 43
: 63
Tax %: 15
Net Profit: 53
EPS: 4
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4

Mar 2021

: 1,525
: 1,432
Operating Profit: 112
OPM %: 7
Other Income: 19
Interest: 80
Depreciation: 48
: 4
Tax %: 22
Net Profit: 3
EPS: 0
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 2,266
: 2,094
Operating Profit: 188
OPM %: 8
Other Income: 17
Interest: 78
Depreciation: 54
: 56
Tax %: 25
Net Profit: 42
EPS: 3
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 3

Mar 2023

: 2,895
: 2,673
Operating Profit: 255
OPM %: 9
Other Income: 33
Interest: 91
Depreciation: 65
: 98
Tax %: 23
Net Profit: 75
EPS: 5
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 6

Mar 2024

: 3,131
: 2,858
Operating Profit: 313
OPM %: 10
Other Income: 40
Interest: 115
Depreciation: 66
: 131
Tax %: 25
Net Profit: 98
EPS: 7
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7

Mar 2025

: 3,227
: 2,916
Operating Profit: 347
OPM %: 11
Other Income: 37
Interest: 120
Depreciation: 69
: 158
Tax %: 25
Net Profit: 119
EPS: 9
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 9

TTM

: 3,645
: 3,343
Operating Profit: —
OPM %: —
Other Income: 52
Interest: 139
Depreciation: 89
: 186
Tax %: 23
Net Profit: 142
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 9%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 18%
3 Years:: 42%

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 41%
3 Years:: 14%
1 Year:: -38%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 8%
3 Years:: 12%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	60	60	76	76	73	71	71	67	67	67
	454	416	528	591	628	625	664	711	809	931
	181	190	250	341	346	467	486	519	539	511
Trade Payables	432	439	370	449	479	443	544	584	791	877
	298	378	287	286	328	287	376	437	434	566
Total Liabilities	1,425	1,484	1,512	1,744	1,853	1,893	2,141	2,318	2,640	2,953
ASSETS	-	-	-	-	-	-	-	-	-	-
	464	441	342	454	626	603	644	721	697	923
Capital Work in Progress	3	12	27	118	33	61	76	18	218	53
	33	35	69	52	45	18	45	27	22	12
	257	399	433	439	440	487	643	783	825	935
	0	0	0	0	0	0	0	0	495	580
Cash & Bank	171	78	50	38	59	55	87	173	142	190
	497	519	590	643	650	669	646	597	242	260
Total Assets	1,425	1,484	1,512	1,744	1,853	1,893	2,141	2,318	2,640	2,953
Total Debt	267	298	354	445	453	584	588	621	734	775
Net Working Capital	235	209	344	202	124	167	144	129	64	228
Contingent Liabilities	27	408	337	358	322	20	68	96	86	266
Book Value per Share	40.79	39.56	39.65	43.81	48.22	48.95	51.71	57.66	64.95	73.99
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Total Debt	267	298	354	445	453	584	588	621	734	775
Net Working Capital	235	209	344	202	124	167	144	129	64	228
Contingent Liabilities	27	408	337	358	322	20	68	96	86	266
Book Value per Share	40.79	39.56	39.65	43.81	48.22	48.95	51.71	57.66	64.95	73.99
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00

Mar 2016

Equity Capital: 60
: 454
: 181
Trade Payables: 432
: 298
Total Liabilities: 1,425
: 464
Capital Work in Progress: 3
: 33
: 257
: 0
Cash & Bank: 171
: 497
Total Assets: 1,425
Total Debt: 267
Net Working Capital: 235
Contingent Liabilities: 27
Book Value per Share: 40.79
Face Value: 5.00
Total Debt: 267
Net Working Capital: 235
Contingent Liabilities: 27
Book Value per Share: 40.79
Face Value: 5.00

Mar 2017

Equity Capital: 60
: 416
: 190
Trade Payables: 439
: 378
Total Liabilities: 1,484
: 441
Capital Work in Progress: 12
: 35
: 399
: 0
Cash & Bank: 78
: 519
Total Assets: 1,484
Total Debt: 298
Net Working Capital: 209
Contingent Liabilities: 408
Book Value per Share: 39.56
Face Value: 5.00
Total Debt: 298
Net Working Capital: 209
Contingent Liabilities: 408
Book Value per Share: 39.56
Face Value: 5.00

Mar 2018

Equity Capital: 76
: 528
: 250
Trade Payables: 370
: 287
Total Liabilities: 1,512
: 342
Capital Work in Progress: 27
: 69
: 433
: 0
Cash & Bank: 50
: 590
Total Assets: 1,512
Total Debt: 354
Net Working Capital: 344
Contingent Liabilities: 337
Book Value per Share: 39.65
Face Value: 5.00
Total Debt: 354
Net Working Capital: 344
Contingent Liabilities: 337
Book Value per Share: 39.65
Face Value: 5.00

Mar 2019

Equity Capital: 76
: 591
: 341
Trade Payables: 449
: 286
Total Liabilities: 1,744
: 454
Capital Work in Progress: 118
: 52
: 439
: 0
Cash & Bank: 38
: 643
Total Assets: 1,744
Total Debt: 445
Net Working Capital: 202
Contingent Liabilities: 358
Book Value per Share: 43.81
Face Value: 5.00
Total Debt: 445
Net Working Capital: 202
Contingent Liabilities: 358
Book Value per Share: 43.81
Face Value: 5.00

Mar 2020

Equity Capital: 73
: 628
: 346
Trade Payables: 479
: 328
Total Liabilities: 1,853
: 626
Capital Work in Progress: 33
: 45
: 440
: 0
Cash & Bank: 59
: 650
Total Assets: 1,853
Total Debt: 453
Net Working Capital: 124
Contingent Liabilities: 322
Book Value per Share: 48.22
Face Value: 5.00
Total Debt: 453
Net Working Capital: 124
Contingent Liabilities: 322
Book Value per Share: 48.22
Face Value: 5.00

Mar 2021

Equity Capital: 71
: 625
: 467
Trade Payables: 443
: 287
Total Liabilities: 1,893
: 603
Capital Work in Progress: 61
: 18
: 487
: 0
Cash & Bank: 55
: 669
Total Assets: 1,893
Total Debt: 584
Net Working Capital: 167
Contingent Liabilities: 20
Book Value per Share: 48.95
Face Value: 5.00
Total Debt: 584
Net Working Capital: 167
Contingent Liabilities: 20
Book Value per Share: 48.95
Face Value: 5.00

Mar 2022

Equity Capital: 71
: 664
: 486
Trade Payables: 544
: 376
Total Liabilities: 2,141
: 644
Capital Work in Progress: 76
: 45
: 643
: 0
Cash & Bank: 87
: 646
Total Assets: 2,141
Total Debt: 588
Net Working Capital: 144
Contingent Liabilities: 68
Book Value per Share: 51.71
Face Value: 5.00
Total Debt: 588
Net Working Capital: 144
Contingent Liabilities: 68
Book Value per Share: 51.71
Face Value: 5.00

Mar 2023

Equity Capital: 67
: 711
: 519
Trade Payables: 584
: 437
Total Liabilities: 2,318
: 721
Capital Work in Progress: 18
: 27
: 783
: 0
Cash & Bank: 173
: 597
Total Assets: 2,318
Total Debt: 621
Net Working Capital: 129
Contingent Liabilities: 96
Book Value per Share: 57.66
Face Value: 5.00
Total Debt: 621
Net Working Capital: 129
Contingent Liabilities: 96
Book Value per Share: 57.66
Face Value: 5.00

Mar 2024

Equity Capital: 67
: 809
: 539
Trade Payables: 791
: 434
Total Liabilities: 2,640
: 697
Capital Work in Progress: 218
: 22
: 825
: 495
Cash & Bank: 142
: 242
Total Assets: 2,640
Total Debt: 734
Net Working Capital: 64
Contingent Liabilities: 86
Book Value per Share: 64.95
Face Value: 5.00
Total Debt: 734
Net Working Capital: 64
Contingent Liabilities: 86
Book Value per Share: 64.95
Face Value: 5.00

Mar 2025

Equity Capital: 67
: 931
: 511
Trade Payables: 877
: 566
Total Liabilities: 2,953
: 923
Capital Work in Progress: 53
: 12
: 935
: 580
Cash & Bank: 190
: 260
Total Assets: 2,953
Total Debt: 775
Net Working Capital: 228
Contingent Liabilities: 266
Book Value per Share: 73.99
Face Value: 5.00
Total Debt: 775
Net Working Capital: 228
Contingent Liabilities: 266
Book Value per Share: 73.99
Face Value: 5.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	205	-19	-2	174	191	-43	195	244	225	256
Cash from Investing	-268	41	-39	-204	-72	-6	-98	-28	-257	-105
Cash from Financing	115	-21	16	13	-95	43	-92	-113	-22	-100
	51	1	-26	-18	24	-5	4	104	-54	51
Free Cash Flow	4	-19	-2	-49	61	-90	86	162	-6	142
OCF / Net Profit	3.52	-0.38	-0.03	2.60	3.58	-15.06	4.65	3.24	2.28	2.14
Cumulative 5-Year FCF	0	0	0	0	-5	-99	6	171	214	294
OCF / Net Profit	3.52	-0.38	-0.03	2.60	3.58	-15.06	4.65	3.24	2.28	2.14
Cumulative 5-Year FCF	0	0	0	0	-5	-99	6	171	214	294

Mar 2016

: 205
Cash from Investing: -268
Cash from Financing: 115
: 51
Free Cash Flow: 4
OCF / Net Profit: 3.52
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.52
Cumulative 5-Year FCF: 0

Mar 2017

: -19
Cash from Investing: 41
Cash from Financing: -21
: 1
Free Cash Flow: -19
OCF / Net Profit: -0.38
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.38
Cumulative 5-Year FCF: 0

Mar 2018

: -2
Cash from Investing: -39
Cash from Financing: 16
: -26
Free Cash Flow: -2
OCF / Net Profit: -0.03
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.03
Cumulative 5-Year FCF: 0

Mar 2019

: 174
Cash from Investing: -204
Cash from Financing: 13
: -18
Free Cash Flow: -49
OCF / Net Profit: 2.60
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.60
Cumulative 5-Year FCF: 0

Mar 2020

: 191
Cash from Investing: -72
Cash from Financing: -95
: 24
Free Cash Flow: 61
OCF / Net Profit: 3.58
Cumulative 5-Year FCF: -5
OCF / Net Profit: 3.58
Cumulative 5-Year FCF: -5

Mar 2021

: -43
Cash from Investing: -6
Cash from Financing: 43
: -5
Free Cash Flow: -90
OCF / Net Profit: -15.06
Cumulative 5-Year FCF: -99
OCF / Net Profit: -15.06
Cumulative 5-Year FCF: -99

Mar 2022

: 195
Cash from Investing: -98
Cash from Financing: -92
: 4
Free Cash Flow: 86
OCF / Net Profit: 4.65
Cumulative 5-Year FCF: 6
OCF / Net Profit: 4.65
Cumulative 5-Year FCF: 6

Mar 2023

: 244
Cash from Investing: -28
Cash from Financing: -113
: 104
Free Cash Flow: 162
OCF / Net Profit: 3.24
Cumulative 5-Year FCF: 171
OCF / Net Profit: 3.24
Cumulative 5-Year FCF: 171

Mar 2024

: 225
Cash from Investing: -257
Cash from Financing: -22
: -54
Free Cash Flow: -6
OCF / Net Profit: 2.28
Cumulative 5-Year FCF: 214
OCF / Net Profit: 2.28
Cumulative 5-Year FCF: 214

Mar 2025

: 256
Cash from Investing: -105
Cash from Financing: -100
: 51
Free Cash Flow: 142
OCF / Net Profit: 2.14
Cumulative 5-Year FCF: 294
OCF / Net Profit: 2.14
Cumulative 5-Year FCF: 294

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	3.64	2.87	5.87	4.36	3.65	0.18	2.94	5.59	7.29	8.84
Book Value (₹)	40.79	39.56	39.65	43.81	48.22	48.95	51.71	57.66	64.95	73.99
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	6.41	6.25	7.86	6.21	6.62	3.59	6.76	10.40	12.22	13.96
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	10.22%	9.50%	12.33%	9.37%	8.99%	7.31%	8.32%	8.80%	8.66%	9.56%
Net Margin %	3.93%	2.91%	5.03%	3.13%	2.53%	0.19%	1.85%	2.61%	3.12%	3.68%
ROE %	13.45%	10.30%	16.76%	10.48%	7.81%	0.41%	5.86%	9.97%	11.89%	12.74%
ROCE %	19.91%	17.90%	23.73%	16.62%	12.94%	6.85%	10.32%	13.93%	16.40%	16.43%
	4.94%	3.42%	6.04%	4.10%	2.97%	0.15%	2.08%	3.38%	3.97%	4.27%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	89	78	76	74	74	98	69	50	50	60
Inventory Days	57	70	84	75	76	111	91	90	93	99
Payable Days	142	171	109	65	75	101	70	63	72	84
	3	-23	51	84	76	109	89	77	71	75
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.54x	0.63x	0.59x	0.67x	0.65x	0.84x	0.80x	0.80x	0.84x	0.78x
Interest Coverage (x)	3.45x	2.20x	3.05x	2.29x	1.76x	1.05x	1.71x	2.08x	2.14x	2.32x
	1.33x	1.27x	1.45x	1.22x	1.13x	1.16x	1.12x	1.09x	1.04x	1.14x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	3.30%	13.66%	14.72%	20.65%	-1.25%	-27.59%	48.54%	27.76%	8.15%	3.07%
Operating Profit Growth %	25.21%	7.37%	36.49%	-9.87%	-5.26%	-41.11%	68.94%	35.13%	23.04%	10.90%
Net Profit Growth %	35.03%	-14.53%	81.78%	-26.33%	-19.89%	-94.68%	1375.70%	79.98%	30.39%	21.45%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.39%	21.28%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	18.27x	21.23x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.05x	2.54x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.62x	8.97x

Mar 2016

EPS (₹): 3.64
Book Value (₹): 40.79
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.41
Operating Margin %: 10.22%
Net Margin %: 3.93%
ROE %: 13.45%
ROCE %: 19.91%
: 4.94%
Debtor Days: 89
Inventory Days: 57
Payable Days: 142
: 3
Debt to Equity (x): 0.54x
Interest Coverage (x): 3.45x
: 1.33x
Revenue Growth %: 3.30%
Operating Profit Growth %: 25.21%
Net Profit Growth %: 35.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 2.87
Book Value (₹): 39.56
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.25
Operating Margin %: 9.50%
Net Margin %: 2.91%
ROE %: 10.30%
ROCE %: 17.90%
: 3.42%
Debtor Days: 78
Inventory Days: 70
Payable Days: 171
: -23
Debt to Equity (x): 0.63x
Interest Coverage (x): 2.20x
: 1.27x
Revenue Growth %: 13.66%
Operating Profit Growth %: 7.37%
Net Profit Growth %: -14.53%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 5.87
Book Value (₹): 39.65
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.86
Operating Margin %: 12.33%
Net Margin %: 5.03%
ROE %: 16.76%
ROCE %: 23.73%
: 6.04%
Debtor Days: 76
Inventory Days: 84
Payable Days: 109
: 51
Debt to Equity (x): 0.59x
Interest Coverage (x): 3.05x
: 1.45x
Revenue Growth %: 14.72%
Operating Profit Growth %: 36.49%
Net Profit Growth %: 81.78%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 4.36
Book Value (₹): 43.81
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.21
Operating Margin %: 9.37%
Net Margin %: 3.13%
ROE %: 10.48%
ROCE %: 16.62%
: 4.10%
Debtor Days: 74
Inventory Days: 75
Payable Days: 65
: 84
Debt to Equity (x): 0.67x
Interest Coverage (x): 2.29x
: 1.22x
Revenue Growth %: 20.65%
Operating Profit Growth %: -9.87%
Net Profit Growth %: -26.33%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 3.65
Book Value (₹): 48.22
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.62
Operating Margin %: 8.99%
Net Margin %: 2.53%
ROE %: 7.81%
ROCE %: 12.94%
: 2.97%
Debtor Days: 74
Inventory Days: 76
Payable Days: 75
: 76
Debt to Equity (x): 0.65x
Interest Coverage (x): 1.76x
: 1.13x
Revenue Growth %: -1.25%
Operating Profit Growth %: -5.26%
Net Profit Growth %: -19.89%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.18
Book Value (₹): 48.95
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.59
Operating Margin %: 7.31%
Net Margin %: 0.19%
ROE %: 0.41%
ROCE %: 6.85%
: 0.15%
Debtor Days: 98
Inventory Days: 111
Payable Days: 101
: 109
Debt to Equity (x): 0.84x
Interest Coverage (x): 1.05x
: 1.16x
Revenue Growth %: -27.59%
Operating Profit Growth %: -41.11%
Net Profit Growth %: -94.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 2.94
Book Value (₹): 51.71
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.76
Operating Margin %: 8.32%
Net Margin %: 1.85%
ROE %: 5.86%
ROCE %: 10.32%
: 2.08%
Debtor Days: 69
Inventory Days: 91
Payable Days: 70
: 89
Debt to Equity (x): 0.80x
Interest Coverage (x): 1.71x
: 1.12x
Revenue Growth %: 48.54%
Operating Profit Growth %: 68.94%
Net Profit Growth %: 1375.70%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 5.59
Book Value (₹): 57.66
Dividend per Share (₹): 0.00
Cash EPS (₹): 10.40
Operating Margin %: 8.80%
Net Margin %: 2.61%
ROE %: 9.97%
ROCE %: 13.93%
: 3.38%
Debtor Days: 50
Inventory Days: 90
Payable Days: 63
: 77
Debt to Equity (x): 0.80x
Interest Coverage (x): 2.08x
: 1.09x
Revenue Growth %: 27.76%
Operating Profit Growth %: 35.13%
Net Profit Growth %: 79.98%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 7.29
Book Value (₹): 64.95
Dividend per Share (₹): 0.00
Cash EPS (₹): 12.22
Operating Margin %: 8.66%
Net Margin %: 3.12%
ROE %: 11.89%
ROCE %: 16.40%
: 3.97%
Debtor Days: 50
Inventory Days: 93
Payable Days: 72
: 71
Debt to Equity (x): 0.84x
Interest Coverage (x): 2.14x
: 1.04x
Revenue Growth %: 8.15%
Operating Profit Growth %: 23.04%
Net Profit Growth %: 30.39%
: 30.39%
P/E (x): 18.27x
P/B (x): 2.05x
Dividend Yield %: 0.00%
: 7.62x

Mar 2025

EPS (₹): 8.84
Book Value (₹): 73.99
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.96
Operating Margin %: 9.56%
Net Margin %: 3.68%
ROE %: 12.74%
ROCE %: 16.43%
: 4.27%
Debtor Days: 60
Inventory Days: 99
Payable Days: 84
: 75
Debt to Equity (x): 0.78x
Interest Coverage (x): 2.32x
: 1.14x
Revenue Growth %: 3.07%
Operating Profit Growth %: 10.90%
Net Profit Growth %: 21.45%
: 21.28%
P/E (x): 21.23x
P/B (x): 2.54x
Dividend Yield %: 0.00%
: 8.97x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

: 39.63
: 4.86
: 0.32
Government: 0.00
: 55.19

Sep 2024

: 39.66
: 4.81
: 1.48
Government: 0.00
: 54.05

Dec 2024

: 39.66
: 4.40
: 1.56
Government: 0.00
: 54.37

Mar 2025

: 39.66
: 3.81
: 1.69
Government: 0.00
: 54.84

Jun 2025

: 39.66
: 6.23
: 1.74
Government: 0.00
: 52.38

Sep 2025

: 39.66
: 6.74
: 1.98
Government: 0.00
: 51.62

Dec 2025

: 39.67
: 5.02
: 2.13
Government: 0.00
: 53.18

Mar 2026

: 39.67
: 4.05
: 5.23
Government: 0.00
: 51.06

Jun 2026

: 39.67
: 3.98
: 5.85
Government: 0.00
: 50.49

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Pennar Industries Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Pennar Industries Limited has informed the Exchange about Link of Recording

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC