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Pennar Industries Ltd (PENIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513228 NSE: PENIND Steel & Iron Products | Small Cap | Pennar Industries Share Price

₹181.70 -1.90 (-1.03%)

As on 24-Sep'26 10:25

Pennar Industries Ltd (PENIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513228 NSE: PENIND Steel & Iron Products | Small Cap | Pennar Industries Share Price

₹181.70 -1.90 (-1.03%)

As on 24-Sep'26 10:25

Key Metrics
Valuation Multiples
Market Cap
₹2,488 Cr.
Current Price
₹181.7
52-Week Low / High
₹129 / 280
TTM EPS
₹10.5
TTM Sales
₹3,645 Cr.
Book Value per Share
₹89.2
P/E Ratio
17.48
Lower than its 5-year historical median
Industry PE
25.4
Price to Book (P/B)
2.06
In line with its 5-year historical median
Price to Sales (P/S)
0.68
Lower than its 5-year historical median
EV/EBITDA
8.12
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
12.87%
Outperforms industry median
Return on Capital Employed (ROCE)
15.55%
Outperforms industry median
Return on Assets (ROA)
4.28%
Operating Profit Margin
9.8%
Net Profit Margin
3.84%
Gross Profit Margin
7.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
6.58%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.27%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.93%
Asset Quality
Promoter Holding
39.67%
Pledged shares (%) of Promoter's holding (%)
8.73%
Reserves
₹1,140 Cr.
Equity
₹67.8 Cr.
Face Value
₹5
All Time Low / High
₹0.32 / 279.80

Pennar Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Pennar Industries Ltd a good quality company?
Pennar Industries Ltd is a average quality company, based on a somewhat consistent 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.

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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.

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How does Pennar Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Pennar Industries Ltd vs industry peers?
Pennar Industries Ltd revenue CAGR is 18.87%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Pennar Industries Ltd?
Promoters hold 39.67% of the Pennar Industries Ltd, with 8.73% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Pennar Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.9% based on the current price.
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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.
Pennar Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ15.9%27.8%16.4%12.9%6.7%9.3%11.2%13.5%15%14.4%-
Value Creation
Index ⓘ		0.11.00.2-0.1-0.5-0.3-0.20.00.10.0-

Growth Parameters ⓘ
Sales ⓘ9881,7502,1162,0981,5171,9952,2882,4582,5782,7482,662
Sales YoY Gr.-77.2%20.9%-0.9%-27.7%31.5%14.7%7.4%4.9%6.6%-
Adj EPS ⓘ2.454.23.6-0.72.52.54.26.56.67.4
YoY Gr.-112.7%-16.7%-14.1%-120.2%NA0%69.1%54.6%0.6%-
BVPS (₹) ⓘ29.239.743.74848.650.954.258.46572.674.6
Adj Net
Profit ⓘ		28.576.863.952.4-10.335.433.656.987.988.3100
Cash Flow from Ops. ⓘ87.21.1171198-55.5209117212169186-
Debt/CF from Ops. ⓘ1.6330.52.62.3-10.52.85.33.54.65.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ12%12.6%6.3%6.6%
Adj EPS ⓘ12%NA38%0.6%
BVPSⓘ10.6%8.4%10.2%11.6%
Share Price 14.8% 45% 18% -24.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		8.116.110.17.7-1.554.67.510.69.510.1
Op. Profit
Mgn % ⓘ		8.810.68.286.37.77.38.610.310.310.5
Net Profit
Mgn % ⓘ		2.94.432.5-0.71.81.52.33.43.23.8
Debt to
Equity ⓘ		0.40.60.70.60.80.80.90.90.91-
Working Cap
Days ⓘ		164168181187269225216215223231124
Cash Conv.
Cycle ⓘ		4482103991441241171161261359

Valuation of Pennar Industries - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.812.802.802.802.800.002.802.802.808.73
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,5411,7682,1332,1071,5252,2662,8953,1313,2273,620
Operating Expenses ⓘ + 1,3871,5621,9601,9371,4322,0942,6732,8582,9163,265
Manufacturing Costs248260330365265288328381422486
Material Costs9301,0781,3161,2589201,4021,8011,9381,9162,095
Employee Cost 107123153162136208310310337392
Other Costs ⓘ 101101162153111197234229241291
Operating Profit ⓘ 15420617316993171221273311355
Operating Profit Margin (%) 10.0%11.6%8.1%8.0%6.1%7.6%7.6%8.7%9.6%9.8%
Other Income ⓘ + 8162720191733403746
Exceptional Items ⓘ 013002000000
Interest ⓘ 62677583807891115120138
Depreciation ⓘ 25292843485465676984
Profit Before Tax ⓘ 75138976345698131159180
Tax ⓘ 2548301011423333940
Profit After Tax 509067533427598120139
PAT Margin (%) 3.2%5.1%3.1%2.5%0.2%1.9%2.6%3.1%3.7%3.8%
Adjusted EPS (₹)2.95.94.43.70.22.95.67.38.810.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4766046677006967357788779981,163
Share Capital ⓘ 60.1776.1876.1872.6271.0871.0867.4767.4767.4767.47
Reserves ⓘ 4165285916286256647118099311,096
Debt +2873364134005325415596747171,062
Long Term Debt1071011001021139999135206327
Short Term Debt180236313298419442461539511735
Minority Interest83001111110
Trade Payables439370449479443544584791877899
Others Liabilities ⓘ 199201213274221320396298359425
Total Liabilities ⓘ 1,4841,5121,7441,8531,8932,1412,3182,6402,9533,549

Fixed Assets

Net Fixed Assets ⓘ +4413424546266036447216979231,024
Gross Block6415466788929121,0061,1451,1761,4551,644
Accumulated Depreciation200204224266309362424479532620
CWIP ⓘ 12271183361761821853136
Investments ⓘ 35695245184527221227
Inventories3994334394404876437838259351,010
Trade Receivables347402464396427425363495580731
Cash Equivalents 785038595587173142190270
Others Assets ⓘ 172188179254242221234242260351
Total Assets ⓘ 1,4841,5121,7441,8531,8932,1412,3182,6402,9533,549
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -19-3174191-43195244225256202
PBT ⓘ 75138976345698131159180
Adjustment ⓘ 9277109162133147171170178219
Changes in Working Capital ⓘ -148-1863-16-1772-12-41-43-158
Tax Paid ⓘ -38-32-36-18-2-10-13-36-38-39
Cash Flow From Investing Activity ⓘ + 41-39-204-72-6-98-28-257-105-349
Capex -53-101-226-92-53-57-71-246-126-328
Net Investments -25121728-2719712-12
Others ⓘ 971111318-1524-189-9
Cash Flow From Financing Activity ⓘ + -211613-9543-92-113-22-100211
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 4179112310-21133475129
Interest Paid ⓘ -62-64-75-79-75-70-91-115-117-136
Dividend Paid ⓘ 0000000000
Others ⓘ 0077-39108-1-3558-58218
Net Cash Flow ⓘ 1-26-1824-54104-545164
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)10.316.7610.487.810.415.869.9711.8912.812.87
ROCE (%)17.923.7316.6212.946.8510.3213.9316.416.4615.55
Asset Turnover Ratio1.181.21.311.170.811.121.31.271.161.12
PAT to CFO Conversion(x)-0.38-0.032.63.6-14.334.643.252.32.131.45
Working Capital Days
Receivable Days77.907674.1074.5098.5068.6049.7049.7060.4065.70
Inventory Days69.9084.4074.5076.10110.809189.9093.1098.9097.50
Payable Days170.9010964.5075100.5070.2063.107284.4083.60

Top 5 Mutual Funds Holding

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Announcements

Pennar Industries Ltd FAQs

The current trading price of Pennar Industries on 24-Sep-2026 10:25 is ₹181.7.

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 23-Sep-2026 the market cap of Pennar Industries stood at ₹2,487.7 Cr

The latest P/E ratio of Pennar Industries as of 23-Sep-2026 is 24.77.

The latest P/B ratio of Pennar Industries as of 23-Sep-2026 is 2.46.

The 52-week high of Pennar Industries is ₹279.8 and the 52-week low is ₹128.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pennar Industries is ₹2,662 ( Cr.) .

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

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

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

About Pennar Industries Ltd

Pennar Industries, commenced manufacture of cold rolled Steel Strips in 1988 at Isnapur (45 km from Hyderabad) with an installed capacity of 30,000 MTPA. The company achieved profits right from the first year of its operation followed by declaration of dividend from the second year. The company increased its manufacturing capacity to 50,000 MTPA in the year 1997.  

Propelled by liberalization and globalization of the Indian economy, Pennar acquired Nagarjuna Steel Ltd., Patancheru (32 KM from Hyderabad) and Press Metal, a unit of Tube Investment(TI), at Tarapur near Mumbai.

Pennar’s fourth manufacturing facility is located at Chennai and manufactures profiles and components for the auto sector. The facility also services a steel service center.

Pennar is now a multi-location, multi-product company manufacturing cold rolled steel strips & tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems.

Products manufactured by the company include:

  • Cold Rolled Formed Profiles -Products are used in Commercial & Passenger Vehicles, Railway Coaches & Wagons, Industrial Buildings, Pollution Control Equipments and Door & Window Frames for Housing.
  • Pre-Engineered Building Systems-The system consists of elegant lattice-type portals made of cold formed profiles or portals of plate girder construction. Roofing and -cladding are made of galvanized/galvalume colour-coated steel sheet profiles as per customer’s specifications.
  • Engineered Components Division(Ecd)-Engineered Components Division Supplies various pressed steel components for the following sectors:             -Refrigeration / White Goods (Compressor Shells)              -Automobiles (Seating Systems, Rotor Cups)
  • Electro Static Precipitators (Esp)-The components include Collecting Electrodes & Discharge Electrodes.
  • Metal Crash Barrier-Pennar Industries Limited is the pioneer in the field of Road safety systems(Metal crash barriers) in India which were initially manufactured under licence from Voest Alpine Industrial Services (VAIS) Austria.
  • Cold Rolled Steel Strips(Crss)-The Cold Rolled Steel Strips Division, with facilities at Patancheru & Isnapur, has a combined annual capacity of 120,000 Metric Tons. Pennar manufactures steel strips up to 720 mm width and thickness range of 0.25 - 4.5 mm both in coil and sheet form.
  • ERW TUBES

Clientele

Major customers of the company include: TVS Motors, Electrolux, Honda Siel, Tata Motors, Eicher Motors, Alstom Power, LLOYDS, N.R Steels, L&T -ECC Division and many more.

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