Pennar Industries Limited (IN:PENIND)
:PENIND
Want to see IN:PENIND full AI Analyst Report?
Top Page
Pennar Industries Limited
(PENIND)
Select Model
Select Model
Rating:54Neutral
Price Target:
₹155.00
▼(-21.93% Downside)
Action:Reiterated
Date:05/28/26
The score is held back primarily by deteriorating cash flow (negative FY2026 free cash flow) and higher leverage, despite improved multi-year earnings and revenue growth. Technicals are mixed (short-term support but weak vs the 200D and negative MACD), while valuation is moderate with no dividend data provided.
Positive Factors
Consistent Revenue Growth
Multi-year top-line growth to 36.2B reflects sustained demand across industrial and infrastructure end-markets. Continued revenue expansion improves capacity utilization and project throughput, supporting durable revenue visibility and operational leverage over the medium term.
Negative Factors
Rising Leverage
Debt rising to 11.6B elevates financial risk and reduces balance-sheet flexibility. Higher leverage makes the company more sensitive to demand shocks or margin pressure, increases interest expense burdens, and can constrain capital allocation for growth or cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Multi-year top-line growth to 36.2B reflects sustained demand across industrial and infrastructure end-markets. Continued revenue expansion improves capacity utilization and project throughput, supporting durable revenue visibility and operational leverage over the medium term.
Read all positive factors
Pennar Industries Limited (PENIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹21.67B
Dividend YieldN/A
Average Volume (3M)57.61K
Price to Earnings (P/E)15.6
Beta (1Y)1.49
Revenue Growth12.20%
EPS Growth16.37%
CountryIN
Employees2,679
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.64
Shares Outstanding134,946,230
10 Day Avg. Volume49,894
30 Day Avg. Volume57,612
Financial Highlights & Ratios
PEG Ratio0.76
Price to Book (P/B)1.52
Price to Sales (P/S)0.49
P/FCF Ratio-7.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)19.5
Revenue Forecast (FY)₹42.57B
Pennar Industries Limited Business Overview & Revenue Model
Company Description
Established in 1975 and headquartered in Hyderabad, India, Pennar Industries Limited functions as a leading engineering company serving both domestic and international markets. The firm offers a wide array of products and services, including speci...
How the Company Makes Money
Pennar Industries primarily makes money by selling manufactured and engineered steel products and project-based solutions to industrial and infrastructure customers. Key revenue streams include: (1) Engineered Building Systems (EBS): revenue earne...
Pennar Industries Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.98B | 36.20B | 32.27B | 31.31B | 28.95B | 22.66B |
| Gross Profit | 13.20B | 10.49B | 9.05B | 11.82B | 10.93B | 3.14B |
| EBITDA | 3.76B | 3.55B | 3.47B | 3.13B | 2.55B | 1.88B |
| Net Income | 1.30B | 1.39B | 1.19B | 983.40M | 754.20M | 418.30M |
Balance Sheet | ||||||
| Total Assets | 33.31B | 35.51B | 29.54B | 26.40B | 23.18B | 21.41B |
| Cash, Cash Equivalents and Short-Term Investments | 2.67B | 2.71B | 1.91B | 1.09B | 1.70B | 835.20M |
| Total Debt | 9.93B | 11.62B | 8.12B | 7.85B | 6.85B | 6.45B |
| Total Liabilities | 22.62B | 23.87B | 19.55B | 17.63B | 15.39B | 14.05B |
| Stockholders Equity | 10.70B | 11.63B | 9.98B | 8.77B | 7.78B | 7.35B |
Cash Flow | ||||||
| Free Cash Flow | -1.18B | -2.52B | 218.90M | -218.90M | 1.73B | 1.37B |
| Operating Cash Flow | 1.15B | 766.50M | 1.48B | 2.25B | 2.44B | 1.95B |
| Investing Cash Flow | -2.41B | -3.56B | -1.10B | -2.57B | -279.70M | -984.60M |
| Financing Cash Flow | 1.17B | 3.44B | 124.20M | -223.00M | -1.13B | -922.30M |
Pennar Industries Limited Technical Analysis
Positive
198.55
Price Trends
161.68
Negative
158.40
Positive
193.02
Negative
Market Momentum
-0.62
Negative
52.47
Neutral
78.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PENIND, the sentiment is Positive. The current price of 198.55 is above the 20-day moving average (MA) of 156.52, above the 50-day MA of 161.68, and above the 200-day MA of 193.02, indicating a neutral trend. The MACD of -0.62 indicates Negative momentum. The RSI at 52.47 is Neutral, neither overbought nor oversold. The STOCH value of 78.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PENIND.
Pennar Industries Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹31.21B | 40.76 | ― | 0.47% | 0.14% | -13.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹18.96B | 38.50 | ― | 0.30% | 14.36% | -1.40% | |
54 Neutral | ₹21.67B | 15.63 | ― | ― | 12.20% | 16.37% | |
54 Neutral | ₹67.90B | 28.45 | ― | 0.59% | 6.14% | -4.01% | |
54 Neutral | ₹14.62B | 26.04 | ― | ― | 50.67% | 37.20% | |
52 Neutral | ₹159.21B | 47.45 | ― | ― | 15.15% | 6.31% |
* Industrials Sector Average
IN:PENIND
Pennar Industries Limited
160.55
-59.85
-27.16%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
923.50
-275.88
-23.00%
IN:JASH
Jash Engineering Ltd.
493.90
-46.77
-8.65%
IN:JYOTICNC
Jyoti Cnc Automation Limited
700.05
-394.10
-36.02%
IN:JYOTISTRUC
Jyoti Structures Ltd.
12.25
-6.06
-33.10%
IN:THEJO
Thejo Engineering Ltd.
1,747.60
-31.26
-1.76%
Pennar Industries Limited Corporate Events
Pennar Industries to Invest Rs. 5.8 Crore in Solar Module JV ZAP91
May 26, 2026
Pennar Industries Limited has approved an additional cash investment of Rs. 5.80 crore in its joint venture, ZAP91 Solar India Private Limited, acquiring a 45% equity stake. The joint venture, incorporated in December 2024, is focused on manufactu...
Pennar Industries Clears ₹50.4 Crore Preferential Issue, Sets EGM and Board Changes
Apr 10, 2026
Pennar Industries’ board has approved a preferential issue of up to 3 million convertible equity warrants to promoter entity Pennar Holdings Private Limited at ₹168 per warrant, aggregating ₹50.4 crore, with 25% of the proceeds t...
Pennar Industries Director P. V. Rao Resigns From Board, Marking End of Long Association
Apr 10, 2026
Pennar Industries Limited has announced that non-executive, non-independent director P. V. Rao has resigned from the board, effective 11 April 2026, citing unavoidable personal circumstances and confirming there are no other material reasons for h...
Pennar Industries Closes Trading Window Ahead of FY2026 Results
Mar 25, 2026
Pennar Industries Limited has announced that its trading window for designated persons and their immediate relatives will be closed from April 1, 2026, until 48 hours after the announcement of its standalone and consolidated financial results for ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.