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Pennar Industries Ltd

(PENIND)

₹203.142.05%

as on 04:01PM, 21 Oct 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Pennar Industries Ltd 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 ₹225

Source: S&P Global Market Intelligence

Pennar Industries Ltd Share analysis

Pennar Industries Ltd price forecast by 1 analysts

Upside of8.49%

High

₹225

Target

₹225.00

Low

₹225

Pennar Industries Ltd target price ₹225, a slight upside of 8.49% compared to current price of ₹203.14. According to 1 analysts rating.

Source: S&P Global Market Intelligence

Pennar Industries Ltd Performance

  • Day's Low

    Day's High

    ₹197.15
    ₹215
  • 52 Week's Low

    52 Week's High

    ₹94.1
    ₹215
1 Month Return+ 20.17 %
3 Month Return+ 20.02 %
1 Year Return+ 94.92 %
Previous Close₹207.39
Open₹209.80
Volume48.31L
Upper Circuit-
Lower Circuit-
Market Cap₹2,798.65Cr

Pennar Industries Ltd Key Statistics

P/E Ratio27.18
PEG Ratio17.88
Market Cap₹2,798.65 Cr
P/B Ratio2.28
EPS7.29
Dividend Yield0
SectorSteel
ROE7.8

Pennar Industries Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹2,798.65 Cr138.31%0.75₹98 Cr₹3,130 Cr
BUY₹2,587.96 Cr4.52%0.50₹41 Cr₹317 Cr
NA₹356.82 Cr98.06%0.66NANA
BUY₹4,053.84 Cr17.06%0.51₹113 Cr₹2,040 Cr
NA₹3,506.84 Cr18.89%0.55NANA

About Pennar Industries Ltd

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: ₹203.14 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹2,798.65Cr as of today
Revenue: ₹733.45Cr as on June 2024 (Q2 24)
Net Profit: ₹26.40Cr as on June 2024 (Q2 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

    Promoter Holding Up

    img

    Promoters have increased holdings from 39.63% to 39.66% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, PENIND stock has moved up by 14.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Rail Vikas Nigam Ltd has given 1229.5% return, outperforming this stock by 605.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Rail Vikas Nigam Ltd has given 202.6% return, outperforming this stock by 107.7%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 839.28 Cr → 740.89 Cr (in ₹), with an average decrease of 11.7% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 28.61 Cr → 26.4 Cr (in ₹), with an average decrease of 7.7% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 4.86% to 4.81% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 55.19% to 54.05% in Sep 2024 quarter

Pennar Industries Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹748.89Cr (-)₹814.13Cr (↑8.71%)₹744.75Cr (↓8.52%)₹822.80Cr (↑10.48%)₹733.45Cr (↓10.86%)
Net Income₹21.81Cr (-)₹22.36Cr (↑2.52%)₹25.37Cr (↑13.46%)₹28.81Cr (↑13.56%)₹26.40Cr (↓8.37%)
Net Profit Margin2.91% (-)2.75% (↓5.50%)3.41% (↑24.00%)3.50% (↑2.64%)3.60% (↑2.86%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,917.01Cr (-)₹2,095.63Cr (↑9.32%)₹2,192.78Cr (↑4.64%)₹2,497.92Cr (↑13.92%)
Total Liabilities₹1,226.12Cr (-)₹1,372.22Cr (↑11.92%)₹1,461.73Cr (↑6.52%)₹1,709.75Cr (↑16.97%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹197.67Cr (-)-₹55.47Cr (↓128.06%)₹209.49Cr (↓477.66%)₹116.64Cr (↓44.32%)₹211.96Cr (↑81.72%)

Index Inclusions

S&P BSE Indus.

₹15,363.82

-1.65 (-257.73%)

BSE Small-Cap

₹55,648.96

-1.51 (-851.09%)

S&P BSE AllCap

₹10,734.78

-0.78 (-84.78%)

Pennar Industries Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
39.66%
0.08
Foreign Institutions
4.81%
-1.01
Mutual Funds
0%
0.00
Retail Investors
54.05%
-2.08
Others
1.48%
362.83

Pennar Industries Ltd Key Indicators

Details20202021202220232024
Return On Equity %7.71-2.224.836.087.8
Details20202021202220232024
Return On Assets %2.840.1323.443.94
Details20202021202220232024
Book Value Per Share (₹)48.2248.9551.7157.6664.95
Details20202021202220232024
Earning Per Share (₹)3.680.22.955.597.29

Pennar Industries Ltd Valuation

Pennar Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-15.00x)

December 9, 2020

Industry (25.87x)

October 18, 2024

Today (27.18x)

October 18, 2024

Highest (955.00x)

August 27, 2020

LowHigh

Pennar Industries Ltd Earnings and Dividends

  • Pennar Industries Ltd Earnings Results

    Pennar Industries Ltd’s net profit jumped 21.05% since last year same period to ₹26.40Cr in the Q1 2024-2025. On a quarterly growth basis, Pennar Industries Ltd has generated -7.72% fall in its net profits since last 3-months.

    Read More about Earnings Results

Pennar Industries Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

FAQs on Pennar Industries Ltd

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Pennar Industries Ltd (PENIND) share price today is ₹203.14

Pennar Industries Ltd is listed on NSE

Pennar Industries Ltd is listed on BSE

  • Today’s highest price of Pennar Industries Ltd is ₹215.
  • Today’s lowest price of Pennar Industries Ltd is ₹197.15.

PE Ratio of Pennar Industries Ltd is 27.18

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 48.31L.

Today’s market capitalisation of Pennar Industries Ltd(PENIND) is ₹2798.65Cr.

Pennar Industries Ltd(PENINDPrice
52 Week High
₹215
52 Week Low
₹94.1

Pennar Industries Ltd(PENIND) share price is ₹203.14. It is down -5.52% from its 52 Week High price of ₹215

Pennar Industries Ltd(PENIND) share price is ₹203.14. It is up 115.88% from its 52 Week Low price of ₹94.1

Pennar Industries Ltd(PENINDReturns
1 Day Returns
-4.25%
1 Month Returns
20.17%
3 Month Returns
20.02%
1 Year Returns
94.92%