Pennar Industries
Pennar Industries Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Pennar Industries Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Pennar Industries Ltd trades at a P/E of 15.02× and P/B of 1.80×.
Valuation
Profitability
Growth
Financial Health
Pennar Industries Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Pennar Industries Ltd, switchable between annual and quarterly views, consolidated or standalone.
Pennar Industries Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,147.67 Cr and reported EPS of ₹10.30.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 542 | 2,116 | 2,107 | 1,525 | 2,266 | 2,895 | 3,131 | 3,227 | 3,620 |
| Other Income | 0 | 26 | 20 | 19 | 17 | 33 | 40 | 37 | 46 |
| Total Income | 542 | 2,142 | 2,127 | 1,544 | 2,283 | 2,928 | 3,171 | 3,263 | 3,666 |
| Cost of Goods Sold (COGS) | 287 | 1,288 | 1,258 | 920 | 1,402 | 1,801 | 1,938 | 1,916 | 2,095 |
| Gross Profit | 255 | 828 | 849 | 605 | 864 | 1,093 | 1,193 | 1,311 | 1,525 |
| +Operating Expenses | 219 | 658 | 680 | 513 | 693 | 872 | 920 | 1,000 | 1,170 |
| EBITDA | 36 | 170 | 169 | 93 | 171 | 221 | 273 | 310 | 355 |
| +Non-Operating Expenses | 22 | 103 | 126 | 148 | 133 | 156 | 182 | 188 | 222 |
| Profit Before Tax (PBT) | 14 | 94 | 63 | 4 | 56 | 98 | 131 | 158 | 180 |
| +Tax Expense | 1 | 29 | 10 | 1 | 14 | 23 | 33 | 39 | 40 |
| Profit After Tax (PAT) | 13 | 64 | 53 | 3 | 42 | 75 | 98 | 119 | 139 |
| Earnings Per Share (EPS) | 1.11 | 5.32 | 3.64 | 0.18 | 2.94 | 5.59 | 7.29 | 8.84 | 10.29 |
| Diluted Shares Outstanding (Nos.) | 12 | 12 | 15 | 14 | 14 | 13 | 13 | 13 | 13 |
| +Additional Disclosures | 815 | 3,334 | 3,322 | 2,480 | 3,626 | 4,636 | 4,977 | 5,024 | 5,608 |
| Sales Growth % | — | 290.54 | -0.45 | -27.59 | 48.54 | 27.76 | 8.15 | 3.07 | 12.20 |
| YoY Sales Growth % | — | 290.54 | -0.45 | -27.59 | 48.54 | 27.76 | 8.15 | 3.07 | 12.20 |
| Material Cost % | 60 | 59 | 56 | 61 | 57 | 61 | 62 | 60 | 58 |
| Employee Cost % | 5 | 7 | 8 | 9 | 9 | 11 | 10 | 10 | 11 |
| Other Cost % | 35 | 24 | 25 | 25 | 21 | 19 | 19 | 21 | 21 |
| OPM % | 7 | 8 | 8 | 6 | 8 | 8 | 9 | 10 | 10 |
| Tax % | 5 | 32 | 15 | 22 | 25 | 23 | 25 | 25 | 23 |
| Profit Growth % | — | 378.27 | -16.61 | -94.68 | 1,375.70 | 79.98 | 30.39 | 21.45 | 16.22 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 32 | 143 | 126 | 45 | 117 | 156 | 206 | 241 | 271 |
Pennar Industries segment analysis: revenue and profit mix.
Disclosed business segments at Pennar Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Pennar Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Pennar Industries Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Pennar Industries Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Pennar Industries Ltd's investment case rests on 6 positive markers and 6 flagged concerns drawn from the latest reported filings.
What you're getting.
Pennar Industries demonstrated robust financial performance in the latest quarter, with sales growing by 15.30% and profit after tax surging by an impressive 21.00%, indicating strong operational efficiency and market demand.
The company exhibits healthy profitability, evidenced by a Return on Equity (ROE) of 12.60% and a Return on Capital Employed (ROCE) of 15.90%, showcasing effective capital utilization and strong profit generation capabilities.
Pennar Industries' Price-to-Book (PB) ratio of 3.54 appears favorable when compared to its Price-to-Earnings (PE) ratio of 28.30, potentially suggesting that the market might be undervaluing its underlying assets.
A significant increase in FII holding from 0.14% in June 2022 to 6.74% in September 2025, coupled with DIIs raising their stake to 1.98%, signals growing institutional confidence and potential for future stock appreciation.
Operating within the 'Capital Goods' and 'Industrial Products' sectors, Pennar Industries is well-positioned to capitalize on potential government infrastructure spending and a general uptick in manufacturing activity.
What can break it.
Pennar Industries carries a notable debt-to-equity ratio of 0.81, implying a significant reliance on debt financing. This elevated leverage could heighten financial risk, especially during economic downturns or periods of reduced profitability.
Promoter holding stands at 39.7%, which, while not critically low, means a substantial portion of shares are in public hands. This could potentially lead to increased stock price volatility based on market sentiment and investor behavior.
The stock's 52-week range, from a high of ₹269.20 to a low of ₹135.65, indicates considerable price volatility. Investors should be aware of this inherent risk before considering an investment in the company.
The 'Capital Goods' sector, in which Pennar Industries operates, is inherently cyclical, making the company vulnerable to economic downturns or reduced industrial spending, which could negatively impact sales and profitability.
Intense competition from industry peers, some boasting higher market caps and P/E ratios, could exert pressure on Pennar Industries' margins and market share, necessitating continuous innovation and stringent cost management.
What would change my mind.
Trim if P/E re-rates above 20. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 100.39. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Pennar Industries Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Pennar Industries Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Pennar Industries Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Pennar Industries Ltd — derived from the live tape, not yesterday's close.
Pennar Industries Ltd last traded at ₹159.29 with an intraday range of ₹158.22–₹163 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹159.29| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 171.68 | +12.39 | +7.78% |
| R3 | 166.90 | +7.61 | +4.78% |
| R2 | 164.95 | +5.66 | +3.55% |
| R1 | 162.12 | +2.83 | +1.78% |
| PIVOT | 160.17 | 0.88 | 0.55% |
| CURRENT | 159.29 | — | — |
| S1 | 147.78 | -11.51 | -7.23% |
| S2 | 152.56 | -6.73 | -4.22% |
| S3 | 155.39 | -3.90 | -2.45% |
| S4 | 157.34 | -1.95 | -1.22% |
PENIND is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 159.1 ~ 163
Trading Above opening range, showing Bullishness
Pennar Industries Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Pennar Industries Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Pennar Industries Ltd stood at 53.1% of traded volume, against a 20-day average of 45.7%.
Pennar Industries announcements: results, concalls, ratings, M&A.
Filings Pennar Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Pennar Industries files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 73 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Pennar Industries Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Pennar Industries Limited has informed the Exchange about Link of Recording
Copy of Newspaper Publication
Pennar Industries Limited has informed the Exchange about Copy of Newspaper Publication
Updates
Pennar Industries Limited has informed the Exchange regarding 'Investor Presentation'.
General Updates
Pennar Industries Limited has informed the Exchange about General Updates
Investor decks & rating reports.
Updates
Investor Presentation
Updates
Investor Presentation
General Updates
Pennar Industries insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Pennar Industries as reported to SEBI — buying and selling signals from the people who know the business best.
Pennar Industries insider activity below tracks 17 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Potluri Venkateshwara Rao | Insider | 19 Mar 2026 | buy | +4.0 K | ₹5.72 L | ₹142.97 |
| Potluri Venkateshwara Rao | Insider | 19 Mar 2026 | buy | +4.0 K | ₹5.72 L | ₹142.97 |
| Potluri Venkateshwara Rao | Insider | 19 Mar 2026 | buy | +4.0 K | ₹5.72 L | ₹142.97 |
| Potluri Venkateshwara Rao | Insider | 19 Mar 2026 | buy | +4.0 K | ₹5.72 L | ₹142.97 |
| Lavanya Kumar Rao Kondapalli | Insider | 25 Mar 2025 | sell | −8.1 K | — | — |
| ADITYA NARSING RAO | Insider | 25 Mar 2025 | buy | +8.1 K | ₹14.95 L | ₹184.62 |
| Potluri Venkateshwara Rao | Insider | 24 Mar 2025 | sell | −10.0 K | ₹18.83 L | ₹188.29 |
| Lavanya Kumar Rao Kondapalli | Insider | 21 Mar 2025 | sell | −18.4 K | — | — |
| ADITYA NARSING RAO | Insider | 21 Mar 2025 | buy | +18.4 K | ₹34.97 L | ₹189.56 |
| Potluri Venkateshwara Rao | Insider | 18 Mar 2025 | sell | −10.0 K | ₹17.89 L | ₹178.91 |
Pennar Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Pennar Industries has declared, sequenced by announce and record date.
Pennar Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Pennar Industries Ltd: business, sector, key facts.
What Pennar Industries Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Pennar Industries Ltd operates in the Industrials, listed as NSE: PENIND, BSE: 513228.
Pennar Industries Limited (PENIND) is a diversified Indian engineering company with a global reach. Its core business revolves around the design, manufacturing, and supply of a wide array of engineered components and solutions across multiple sectors. This includes significant expertise in precision engineering, utilizing advanced techniques like electric resistance welding and other specialized metalworking processes.
A major segment of PENIND's operations focuses on the production of engineered components for diverse industries. This encompasses automotive parts (including shock absorbers), white goods components, hydraulic cylinders, and precision sub-assemblies. The company also manufactures precision tubes used in a variety of applications, ranging from bicycles and furniture to industrial equipment like boilers and heat exchangers, as well as in the automotive and aerospace sectors. Furthermore, PENIND produces steel products and profiles, including cold-rolled steel strips and specialized components for infrastructure projects like sheet piles and crash barriers.
Beyond component manufacturing, PENIND is a significant player in the construction and infrastructure sectors. They provide custom-designed building solutions, encompassing the design, fabrication, and erection of a wide range of structures. This includes industrial facilities, warehouses, commercial buildings, and large-scale projects like aircraft hangars, metro stations, stadiums, and power plants. Supporting these projects, PENIND offers comprehensive engineering services including structural engineering, building information modeling (BIM), and digital consultancy leveraging IoT technologies.
PENIND's product portfolio extends into renewable energy solutions with their production of solar module mounting structures. They also offer a range of specialized products and services including industrial boilers and heaters, water treatment chemicals and additives, and turnkey solutions for water and environmental infrastructure. In essence, PENIND's business model is characterized by its wide diversification across multiple industrial sectors, showcasing its engineering expertise and manufacturing capabilities across a broad range of applications.
Questions investors ask about Pennar Industries Ltd (PENIND).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Pennar Industries Ltd (PENIND)?
The current share price of Pennar Industries Ltd (PENIND) is ₹159.29. Today, the stock has gained by ₹4.23 (2.73%), trading in a range of ₹158.22 to ₹163. The stock opened at ₹160 with a trading volume of 4,87,509 shares.
02Is Pennar Industries Ltd stock a good investment for long-term?
Pennar Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,147.67 crores, P/E ratio of 15.02, ROE of 12.84%, and ROCE of 15.90%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Pennar Industries Ltd stock?
The 52-week high price of Pennar Industries Ltd (PENIND) is ₹279.9, while the 52-week low is ₹129.1. Currently trading at ₹159.29, the stock is 20.0% away from its 52-week low and 43.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Pennar Industries Ltd stock at the current price?
Whether to buy Pennar Industries Ltd stock at ₹159.29 depends on multiple factors. The stock is currently trading with a P/E ratio of 15.02 and P/B ratio of 1.80. Today's performance shows a gain of 2.73%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Pennar Industries Ltd and when is the next dividend?
Pennar Industries Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹159.29, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Pennar Industries Ltd?
Pennar Industries Ltd's key financial metrics include: P/E Ratio: 15.02, P/B Ratio: 1.80, ROE: 12.84%, ROCE: 15.90%, Dividend Yield: 0.00%, EPS: ₹10.30, Book Value: ₹86.16, and Debt-to-Equity: 99.89. The company's market cap stands at ₹2,147.67 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Pennar Industries Ltd stock performing today in the market?
Pennar Industries Ltd stock opened at ₹160 and is currently trading at ₹159.29, showing a gain of ₹4.23 (2.73%). The intraday high is ₹163 and low is ₹158.22. The trading volume stands at 4,87,509 shares, indicating moderate market participation today.
08What is the P/E ratio of Pennar Industries Ltd and what does it indicate?
Pennar Industries Ltd has a Price-to-Earnings (P/E) ratio of 15.02, which means investors are willing to pay ₹15.02 for every ₹1 of earnings. With an EPS of ₹10.30, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Pennar Industries Ltd (PENIND) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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