Pennar Industries Limited (IN:PENIND)
:PENIND
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Pennar Industries Limited
(PENIND)
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Rating:61Neutral
Price Target:
₹141.00
▼(-28.99% Downside)
Action:ReiteratedDate:01/22/26
The score is supported primarily by solid underlying financial performance (good revenue growth, improving profitability, and a stable balance sheet), but is materially weighed down by very weak technicals (price below all key moving averages with negative MACD). Valuation is reasonable based on P/E, though lack of dividend yield data limits upside from the valuation component.
Positive Factors
Revenue growth & improving net margin
Sustained revenue growth and rising net margin demonstrate durable demand for engineered and fabricated products and improved cost control. Over 2–6 months this supports reinvestment capacity, steadier operating cash flows and resilience to cyclical end-markets versus peers with weaker organic growth.
Negative Factors
Compressing operating (EBIT) margin
A declining EBIT margin indicates pressure on core operating profitability from rising costs, inefficiencies, or adverse product mix. Persisting margin compression would erode the company’s ability to fund investments and cushion raw-material swings, weakening long-term earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & improving net margin
Sustained revenue growth and rising net margin demonstrate durable demand for engineered and fabricated products and improved cost control. Over 2–6 months this supports reinvestment capacity, steadier operating cash flows and resilience to cyclical end-markets versus peers with weaker organic growth.
Read all positive factors
Pennar Industries Limited (PENIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.21B
Dividend YieldN/A
Average Volume (3M)57.61K
Price to Earnings (P/E)20.6
Beta (1Y)1.62
Revenue Growth14.73%
EPS Growth21.44%
CountryIN
Employees2,679
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)4.10
Shares Outstanding134,946,230
10 Day Avg. Volume49,894
30 Day Avg. Volume57,612
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)2.52
Price to Sales (P/S)0.78
P/FCF Ratio114.84
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)13
Revenue Forecast (FY)₹36.13B
Pennar Industries Limited Business Overview & Revenue Model
Company Description
Pennar Industries Limited operates as an engineering company in India and internationally. The company offers cold rolled steel strips; electrostatic precipitator electrodes; building components, such as purlins, roofing/cladding sheets, and decki...
How the Company Makes Money
Pennar Industries makes money primarily by manufacturing and selling steel-based and engineering products, along with associated fabrication and project execution services, to business customers. Its revenue model is largely B2B and is typically d...
Pennar Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.98B | 32.27B | 31.31B | 28.95B | 22.66B | 15.25B |
| Gross Profit | 13.20B | 9.05B | 11.82B | 10.93B | 3.14B | 1.55B |
| EBITDA | 3.76B | 3.47B | 3.13B | 2.55B | 1.88B | 1.31B |
| Net Income | 1.30B | 1.19B | 983.40M | 754.20M | 418.30M | 25.40M |
Balance Sheet | ||||||
| Total Assets | 33.31B | 29.54B | 26.40B | 23.18B | 21.41B | 18.93B |
| Cash, Cash Equivalents and Short-Term Investments | 2.67B | 1.91B | 1.09B | 1.70B | 835.20M | 729.30M |
| Total Debt | 9.93B | 8.12B | 7.85B | 6.85B | 6.45B | 6.17B |
| Total Liabilities | 22.62B | 19.55B | 17.63B | 15.39B | 14.05B | 11.96B |
| Stockholders Equity | 10.70B | 9.98B | 8.77B | 7.78B | 7.35B | 6.96B |
Cash Flow | ||||||
| Free Cash Flow | -1.18B | 218.90M | -218.90M | 1.73B | 1.37B | -960.40M |
| Operating Cash Flow | 1.15B | 1.48B | 2.25B | 2.44B | 1.95B | -427.60M |
| Investing Cash Flow | -2.41B | -1.10B | -2.57B | -279.70M | -984.60M | -61.00M |
| Financing Cash Flow | 1.17B | 124.20M | -223.00M | -1.13B | -922.30M | 433.70M |
Pennar Industries Limited Technical Analysis
Negative
198.55
Price Trends
159.81
Negative
188.82
Negative
214.07
Negative
Market Momentum
-6.14
Negative
44.55
Neutral
36.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PENIND, the sentiment is Negative. The current price of 198.55 is above the 20-day moving average (MA) of 142.79, above the 50-day MA of 159.81, and below the 200-day MA of 214.07, indicating a bearish trend. The MACD of -6.14 indicates Negative momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 36.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹57.49B | 28.77 | ― | 0.48% | 19.03% | 36.25% | |
70 Outperform | ₹25.22B | 30.72 | ― | 1.27% | 16.36% | 21.58% | |
65 Neutral | ₹22.60B | 51.58 | ― | 0.47% | 25.52% | -4.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹19.21B | 20.56 | ― | ― | 14.73% | 21.44% | |
61 Neutral | ₹34.73B | 48.24 | ― | 0.49% | 4.44% | -25.67% | |
60 Neutral | ₹18.56B | 33.68 | ― | 0.24% | 6.08% | 49.44% |
* Industrials Sector Average
IN:PENIND
Pennar Industries Limited
142.35
-37.90
-21.03%
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Pennar Industries Limited Corporate Events
Pennar Industries Schedules Analyst Plant Visit in Hyderabad
Mar 3, 2026
Pennar Industries has scheduled an in-person plant visit for Equitree Capital Advisors at its Hyderabad facility on 9 March 2026, in line with disclosure obligations under SEBI’s listing regulations. The company emphasized that discussions d...
Pennar Industries Files SEBI Regulation 74(5) Compliance Certificate for Q3 FY2025
Jan 7, 2026
Pennar Industries has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, as issued by its registrar and share trans...
Exchange Seeks Clarification from Pennar Industries on Q2 FY2026 Results
Jan 6, 2026
The stock exchange has requested Pennar Industries Limited to provide clarifications regarding its financial results for the quarter ended 30 September 2025 under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulati...
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.