Pennar Industries Ltd share price logo

Pennar Industries Ltd (PENIND)

₹172.790.21%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Pennar Industries Ltd. An average target of ₹186

Source: S&P Global Market Intelligence

Pennar Industries Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹167.76
    ₹175.96
  • 52 Week's Low

    52 Week's High

    ₹77.55
    ₹191.7
1 Month Return+ 0.21 %
3 Month Return+ 23.86 %
1 Year Return+ 107.48 %
Previous Close₹172.42
Open₹172.40
Volume5.62L
Upper Circuit-
Lower Circuit-
Market Cap₹2,326.74Cr

Key Statistics

P/E Ratio23.65
PEG Ratio13.14
Market Cap₹2,326.74 Cr
P/B Ratio1.3
EPS5.59

Company Information

Pennar Industries Ltd, founded by J Naresh Kumar in August 1975 and initially known as 'Pennar Steels', is a manufacturer of cold-rolled coils (CRCs) of widths up to 700mm, which are supplied to the automobile and white goods industries. 50% of the company's sales comes from the automobile sector, with clients such as Jay Bharat Maruti and Mahindra Mahindra, and Godrej Kelvinator and Voltas in the white goods sector. In 1988-90 the company began an expansion project to increase its capacity from 12000 to 60000 tonnes per annum (tpa), with the first phase increasing the capacity to 36000 tpa in 1991. In 1995, Pennar Industries acquired ISO 9002 certification from RWTUV Germany. Further, diversification of product mix happened in 1999-2000 when the company acquired manufacturing facilities in the cold forming section of Tube Investments of India Ltd at Tarapur and Chennai. By June 2001, over 50% of the net worth had been eroded, making Pennar Industries a 'sick industrial' company. In response, the company continued their efforts to increase the percentage of value-added products like cold formed metal profiles, engineering components, and road safety systems.

Share Price: ₹172.79 per share as on 22 Jul, 2024 04:01 PM
Market Capitalisation: ₹2,326.74Cr as of today
Revenue: ₹822.80Cr as on March 2024 (Q1 24)
Net Profit: ₹28.81Cr as on March 2024 (Q1 24)
Listing date: 18 Jan, 1996
Chairperson Name: Ravi Venkata Siva Ramakrishna
OrganisationPennar Industries Ltd
HeadquartersMedak
IndustrySteel
E-voting on sharesClick here to vote

Key events for Pennar Industries Ltd

  • Pennar Industries Expands Manufacturing Operations - 02 Jul, 2024

    Pennar Industries is expanding its manufacturing operations by establishing a new pre-engineered building (PEB) manufacturing plant in Raebareli, Uttar Pradesh. The plant will have an annual production capacity of 36,000 MT and feature advanced machinery, enabling the company to meet client demands in northern and eastern India while reducing transportation costs.

  • Pennar Industries Reports Strong Financial Results - 27 Jun, 2024

    Pennar Industries reports an 18.64% YoY increase in net sales, with a quarterly net profit of Rs. 17.84 crore, up by 38.51% YoY. The company's EPS has increased to Rs. 1.32 in March 2024 from Rs. 0.95 in March 2023. Pennar Industries shares closed at 170.19 on June 26, 2024 (NSE) and have given returns of 43.68% over the last 6 months and 122.91% over the last 12 months.

  • Pennar Industries Ltd has Strong Order Book and Optimistic Future Earnings Growth - 21 Jun, 2024

    Mayuresh Joshi, Head-Equity Research at William ONeil India, recommends Pennar Industries Ltd as a good investment option for investors on any pullback. The company had a brilliant FY24 in terms of revenues and bottomline, with a strong order book both domestically and internationally. Management is optimistic about future earnings growth.

  • Pennar Industries Shares Jump 31% in a Month - 08 Jun, 2024

    Despite the recent bounce in price, Pennar Industries' P/E ratio of 23.2x makes it look like a buy compared to other Indian companies with higher P/Es. With anticipated EPS growth of 28%, superior to most other companies, Pennar Industries has been doing relatively well.

Insights on Pennar Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 21.81 Cr → 28.61 Cr (in ₹), with an average increase of 8.6% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 4.62% to 4.86% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 750.88 Cr → 839.28 Cr (in ₹), with an average increase of 10.5% per quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 39.62% to 39.63% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Rail Vikas Nigam Ltd has given 352.1% return, outperforming this stock by 244.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Rail Vikas Nigam Ltd has given 1899.2% return, outperforming this stock by 1538.8%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 55.49% to 55.19% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, PENIND stock has moved down by -5.4%

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹822.80Cr
↑10.48%
Net Income
₹28.81Cr
↑13.56%
Net Profit Margin
3.50%
↑2.64%
2023Y/Y Change
Revenue
₹2,894.62Cr
↑27.76%
Net Income
₹75.43Cr
↑79.98%
Net Profit Margin
2.61%
↑41.08%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹2,160.96Cr
↑3.12%
Total Liabilities
₹1,429.91Cr
↑4.20%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹116.64Cr
↓44.32%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
39.63%
0.03
Foreign Institutions
4.86%
5.15
Mutual Funds
0%
0.00
Retail Investors
55.19%
-0.54
Others
0.32%
17.56

Key Indicators

Pennar Industries Ltd Valuation

Pennar Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-15.00x)

December 9, 2020

Today (23.65x)

July 19, 2024

Industry (29.02x)

July 19, 2024

Highest (955.00x)

August 27, 2020

LowHigh

Earnings and Dividends

  • Pennar Industries Ltd Earnings Results

    Pennar Industries Ltd’s net profit jumped 22.58% since last year same period to ₹28.61Cr in the Q4 2023-2024. On a quarterly growth basis, Pennar Industries Ltd has generated 12.68% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Pennar Industries Ltd Dividends May,2013

    In the quarter ending March 2013, Pennar Industries Ltd has declared dividend of ₹1 - translating a dividend yield of 1.16%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Pennar Industries Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

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Pennar Industries Ltd (PENIND) share price today is ₹172.79

Pennar Industries Ltd is listed on NSE

Pennar Industries Ltd is listed on BSE

  • Today’s highest price of Pennar Industries Ltd is ₹175.96.
  • Today’s lowest price of Pennar Industries Ltd is ₹167.76.

PE Ratio of Pennar Industries Ltd is 23.65

PE ratio = Pennar Industries Ltd Market price per share / Pennar Industries Ltd Earnings per share

Today’s traded volume of Pennar Industries Ltd(PENIND) is 5.62L.

Today’s market capitalisation of Pennar Industries Ltd(PENIND) is ₹2326.74Cr.

Pennar Industries Ltd(PENINDPrice
52 Week High
₹191.7
52 Week Low
₹77.55

Pennar Industries Ltd(PENIND) share price is ₹172.79. It is down -9.86% from its 52 Week High price of ₹191.7

Pennar Industries Ltd(PENIND) share price is ₹172.79. It is up 122.81% from its 52 Week Low price of ₹77.55

Pennar Industries Ltd(PENINDReturns
1 Day Returns
0.37%
1 Month Returns
0.21%
3 Month Returns
23.86%
1 Year Returns
107.48%