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Pavna Industries Ltd (PAVNAIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543915 NSE: PAVNAIND Auto Ancillary | Small Cap | Pavna Industries Share Price

₹16.45 -0.11 (-0.66%)

As on 05-Jun'26 16:59

Pavna Industries Ltd (PAVNAIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543915 NSE: PAVNAIND Auto Ancillary | Small Cap | Pavna Industries Share Price

₹16.45 -0.11 (-0.66%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹230 Cr.
Current Price
₹16.5
52-Week Low / High
₹13 / 49
TTM EPS
₹0.3
TTM Sales
₹284 Cr.
Book Value per Share
₹14
P/E Ratio
66.49
In line with its 5-year historical median
Industry PE
42.9
Price to Book (P/B)
1.17
Lower than its 5-year historical median
Price to Sales (P/S)
0.81
Lower than its 5-year historical median
EV/EBITDA
12.95
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
7.09%
Underperforms industry median
Return on Capital Employed (ROCE)
10.33%
Underperforms industry median
Return on Assets (ROA)
3.44%
Operating Profit Margin
10.3%
Net Profit Margin
2.71%
Gross Profit Margin
7.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.33%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.82%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.73%
Asset Quality
Promoter Holding
61.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹152 Cr.
Equity
₹14 Cr.
Face Value
₹1
All Time Low / High
₹13.21 / 75.95

Pavna Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Pavna Industries Ltd a good quality company?
Pavna Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Pavna Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Pavna Industries Ltd vs industry peers?
Pavna Industries Ltd revenue CAGR is 16.94%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Pavna Industries Ltd?
Promoters hold 61.50% of the Pavna Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Pavna Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -35.69% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pavna Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.7%17.6%20.8%25.7%17.2%15.5%14.2%12.7%12.5%10.3%-
Value Creation
Index
0.20.30.50.80.20.10.0-0.1-0.1-0.3-

Growth Parameters

Sales 71.483.4107138136171250263283298284
Sales YoY Gr.-16.8%27.9%29.3%-1.2%25.7%45.7%5.5%7.4%5.3%-
Adj EPS 1.92.10.30.664.24.95.90.60.50.3
YoY Gr.-12.8%-84.9%84.4%911.9%-29.7%16.7%20.2%-89.1%-15.6%-
BVPS (₹) 10.512.51.62.224.537.441.947.15.411.614
Adj Net
Profit
22.23.36.16.25.167.27.87.63
Cash Flow from Ops. 00005-7.1-11.914.20.3-1.5-
Debt/CF from Ops. 00008.2-6.4-6.36.2417.2-19.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 17.2%16.9%6.1%5.3%
Adj EPS -12.9%-38.2%-52.1%-15.6%
BVPS1.2%-13.8%-34.8%117.6%
Share Price - -37.2% -23.4% -57.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
19.818.522.531.525.914.412.313.212.75.92
Op. Profit
Mgn %
8.38.78.38.912.198.49.110.110.38
Net Profit
Mgn %
2.72.63.14.44.632.42.72.82.51.2
Debt to
Equity
1.81.51.10.91.611.51.51.70.20
Working Cap
Days
7271696596119131164174183104
Cash Conv.
Cycle
37353618274461849612439

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7183107138136171250263283298
Operating Expenses + 657698126122156229239254267
Manufacturing Costs9131417151824282824
Material Costs5157759481113176180192206
Employee Cost 2248151623242325
Other Costs 334699781112
Operating Profit 67912151521242931
Operating Profit Margin (%) 8.3%8.6%8.3%8.9%10.8%8.9%8.3%9.1%10.1%10.3%
Other Income + 0000001002
Exceptional Items 000-0-100000
Interest 122234771010
Depreciation 22234467912
Profit Before Tax 3358689101011
Tax 1122222333
Profit After Tax 2236456788
PAT Margin (%) 2.8%2.6%3.1%4.4%3.0%3.1%2.6%2.8%2.8%2.7%
Adjusted EPS (₹)0.20.20.30.60.40.40.50.60.60.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%16.70%0%0%

Valuation of Pavna Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 111316222546515765162
Share Capital 3333366121214
Reserves 81014202340454553148
Debt +201918183843718310427
Long Term Debt365321181723147
Short Term Debt16131315182554609020
Minority Interest0000000000
Trade Payables671018193037443520
Others Liabilities 21261279141539
Total Liabilities 3841466494125168197219249

Fixed Assets

Net Fixed Assets +12141423444646576783
Gross Block2629314367464657118146
Accumulated Depreciation13151720230005163
CWIP 0000000100
Investments 77111181012121010
Inventories4125182957677185
Trade Receivables11181819192841445353
Cash Equivalents 2101000001
Others Assets 200551211171918
Total Assets 3841466494125168197219249

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 00005-7-12140-1
PBT 0000689101011
Adjustment 00009812141820
Changes in Working Capital 0000-8-21-31-8-26-29
Tax Paid 0000-2-2-2-2-3-3
Cash Flow From Investing Activity + 0000-23-8-11-19-13-27
Capex 0000-25-6-7-18-18-27
Net Investments 00003-20000
Others 0000-10-4-150
Cash Flow From Financing Activity + 000017152251329
Net Proceeds from Shares 0000015000119
Net Proceeds from Borrowing 000018-3-16-8-7
Interest Paid 0000-3-4-7-7-9-9
Dividend Paid 0000000-100
Others 00003730831-74
Net Cash Flow 0000-0-0-00-01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.0118.1922.7331.3516.9614.9113.1413.4412.697.09
ROCE (%)16.7317.5520.7725.7217.1615.4914.1912.7312.4610.33
Asset Turnover Ratio2.412.382.462.521.721.561.71.441.361.27
PAT to CFO Conversion(x)00001.25-1.4-220-0.13
Working Capital Days
Receivable Days40.3055.2061.704951.1050.3050.3058.6062.4065
Inventory Days25.2011.105.909.303150.5063.308688.9095.40
Payable Days37.7042.5041.3052.7081.4077.5068.7081.1074.3048.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pavna Industries Ltd FAQs

The current trading price of Pavna Industries on 05-Jun-2026 16:59 is ₹16.45.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Pavna Industries stood at ₹229.5 Cr

The latest P/E ratio of Pavna Industries as of 04-Jun-2026 is 66.49.

The latest P/B ratio of Pavna Industries as of 04-Jun-2026 is 1.17.

The 52-week high of Pavna Industries is ₹49.44 and the 52-week low is ₹13.21.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pavna Industries is ₹284 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pavna Industries Ltd is a below average quality company.

The key valuation ratios of Pavna Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pavna Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Pavna Industries Ltd

Pavna Industries along with its subsidiaries is engaged in the business of manufacturing of automotive parts, providing solutions for automobile applications and serving automobile & other applications worldwide. Its focus is manufacturing quality & customer-oriented components, catering to Original Equipment Manufacturers (OEM) & providing automotive after-market solutions. The company has a varied client base and it is committed to continuing to diversify its product offerings, customer base and geographical footprint, thereby minimizing its exposure to individual geographies and industry sectors.

The company has ultra-modern manufacturing plants in India, located in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), & Pantnagar (Uttarakhand). Its facilities are located in key auto-clusters and some of the facilities are in close proximity to the plants of its OEM customers. The proximity of its facilities to the plants of its OEM customers also facilitates greater interaction with its customers, thereby enabling it to respond to their requirements in a timely manner.

Business area of the company:

The company is engaged in manufacturing of wide range of automotive components for reputed Original Equipment Manufacturers (OEMs) as per their requirements primarily catering to various vehicle segments, including, passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles. The company has a varied client base and it is committed to continuing to diversify. The company along with its subsidiaries has a diversified product portfolio, which consists of high-quality reliable parts such as Ignition Switches, Fuel Tank Caps, Latches, Auto Locks, Handles, Switches, Oil Pump, Carburetor, Throttle Body, Fuel Cocks, Injection System, Casting Components etc. It also provides aftermarket sales and services. Its aftermarket products include products manufactured by it such as filters, clutch plates, bearings, wiper blades and brake shoes.

Major events in the history of company:

  • 1994: Incorporated as ‘Pavna Locks Private Limited’.
  • 2000: Unit 3 was established by the Company.
  • 2000: Entered into Business Agreements with Zadi Italy.
  • 2000: The company was converted from Private Company to Public Company and consequently the name was changed to ‘Pavna Locks Limited’.
  • 2000: The company was changed to ‘Pavna Zadi Security Systems Limited’.
  • 2005: Unit 7 was established by the Company.
  • 2010: Unit 5 was established by the Company.
  • 2010: Rescinded the Business Agreements with Zadi Italy.
  • 2014: Turnover of the company crossed Rs 50 crore mark.
  • 2015: A major fire broke out in a part of the company‘s premises at Vimlanchal, Hari Nagar, Aligarh.
  • 2018: Turnover of the company crossed Rs 100 crore mark.
  • 2019: Unit 4 was established by the Company.
  • 2019: Unit 8 was established by the Company.
  • 2019: Awarded with a Trophy - Quality Award -’Gold’ by Bajaj Auto Limited.
  • 2019: Incorporated Subsidiary Company namely ‘Pavna Marketing Private Limited’.
  • 2020: Acquired Subsidiary Company namely ‘Pavna Sunworld Autotech Private Limited’.
  • 2020: Acquired Subsidiary Company namely ‘Swapnil Switches Private Limited’.
  • 2020: Acquired Subsidiary Company namely ‘Pavna Auto Engineering Private Limited’.
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