1. Pennar Industries
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100% Buy

Pennar Industries Share Price

PENIND

₹131.05-₹1.75 (-1.32%) Past Year
₹130.45₹134.00
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Company overview

About

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Market cap

Market Cap Switch₹1,826 Cr

Open

₹132.50

Close

₹132.80

Circuit range

₹159.35 - ₹106.25

Day range

₹130.45 - ₹134.00

Year range

₹66.45 - ₹163.40

Volume

3,28,066

Avg. traded

₹131.62

Revenue (12m)

₹2,976 Cr

Pennar Industries

Pennar Industries is a company with a significant presence in the infrastructure, automobiles, power, general engineering and construction sectors in India.

Pennar was established in 1975 in Hyderabad and was promoted in the joint sector in association with Andhra Pradesh Industrial Development Corporation (APIDC). The primary objective of the company was to manufacture cold-rolled steel grips, tubes and pipes.

It also got into an agreement with Metallurgical and Engineering Consultants India Ltd (MECON) for the manufacture, supply, erection and commission of the cold rolling mill. They were also involved in supplying the drawings, designs of utilities, and services.

In 1989, the company installed a setup of two generating sets of 800 KVA. It also received a letter of intent to expand their operations from 12,000 TPA to 50,000 TPA. In 1991, Pennar Industries incorporated Thomas & Beffs Pennar Ltd in collaboration with Thomas & Beffs Corporation, USA.

By 1994, the company was taking extra measures to cope with the demand for its products from domestic and international markets. The same year, they installed a 3MW wind power plant in Coimbatore. Pennar Industries continued to manufacture products for multiple other industries and markets across the globe.

In 2010, Pennar Industries launched a new manufacturing facility to produce pre-engineered products for the market. It bagged an order from Larsen & Taurbo in 2011 to manufacture and supply components for Chennai metro workshops. The company also got three other prestigious projects in the same year from Tata Steel Group, ABB Limited and Volvo.

In 2013, Pennar Industries got into the hydraulics business in India. The company also got orders from companies like Integral Coach Factory, Texmaco, J Kumar Infra Projects, ALF Engineering, IVRCL and IJM Infrastructure. By 2014, the company also collaborated with building and construction companies. It also bagged orders from Ultratech, Reliance Industries and Abhi Infra. Pennar Industries also collaborated with the Kannur International Airport development authority to supply components for the project.

Business Operations

Pennar Industries works in multiple sectors through multi-location manufacturing and domain expertise. It has three subsidiaries: Pennar Global Inc. USA, Pennar GMBH and Pennar Cadnum. These subsidiaries work under the umbrella of Pennar to manufacture and supply goods to domestic and international markets.

Pennar Global is based in Houston and supplies engineering products from hydraulics, precision tubes, and engineering services throughout US. The company has started a manufacturing facility in Portland, Tennessee, for manufacturing and supplying metal buildings.

For European clients, Pennar GMBH is based in Germany to supply engineering services to them. They are expanding their portfolio to supply products for Europe's Aerospace, Automotive, Energy, Oil & Gas, Building, and Infrastructure sectors. Pennar Cadnum is present in France and caters to the molds and patterns industry.

The company has over 1000 engineering products for their clients and more than 500 clients across the globe. Internationally, it has 13 manufacturing setups.

The market capitalisation of Pennar Industries stood at over ₹1,800 crore as of February 29, 2024. Pennar Industries share price has surged over 542% in the last three years.

Financials Highlights

– The company’s consolidated revenue in FY23 stood at ₹2,928 crore as against ₹2,282.81 crore in FY22. – EBITDA (Earnings before interest, tax, depreciation, and amortization) for FY23 was ₹254.6 crore against ₹188.4 crore in FY22. – The PAT (Profit After Tax) for FY23 was ₹75.4 crores, while it was ₹41.9 crores in FY22. – The earnings per share (EPS) stood at ₹5.49 in FY23 as against ₹2.94 in FY22.

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Pennar Industries Key indicators

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52 week high

₹163.40

52 week low

₹66.45

P/E ratio

19.28

P/B ratio

2.11

ROE

6.08%

ROCE

11.2%

Dividend yield

--

Debt/Equity ratio

0.85

EPS

3.28

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Investment checklist: (2/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 1 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

8.96%

Net profit margin

1.93%

ROE

6.08%

ROA

2.1%

ROCE

11.2%

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Pennar Industries Shareholder returns

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1 day

-0.26%

1 week

-3.59%

1 month

+2.27%

3 months

+3.15%

1 year

+69.93%

3 years

+623.71%

5 years

+247.19%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Pennar Industries Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹133.50
₹132.80
-0.53%
Tue, Apr 9 2024
₹134.70
₹133.15
-1.16%
Mon, Apr 8 2024
₹138.25
₹134.70
-2.64%
Fri, Apr 5 2024
₹137.00
₹138.05
+0.76%
Thu, Apr 4 2024
₹137.80
₹137.15
-0.47%
Wed, Apr 3 2024
₹132.95
₹137.75
+3.48%
Tue, Apr 2 2024
₹134.55
₹132.80
-1.32%
Mon, Apr 1 2024
₹134.45
₹133.75
-0.52%

Shareholding info

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Promoters (39.62%)

Mutual Funds (0%)

Retail and other (55.49%)

Foreign institutions-FII (4.62%)

Other domestic institutions (0.27%)

Retail and other

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Events

Empty state

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Frequently asked questions