Pennar Industries Ltd
NSE: PENIND · Industrial Products · sector
₹153.40NSE close 2026-10-26
Key numbers
Market cap₹2,070 cr
Price₹153.40
52w high / low₹280 / ₹129
P/E14.6xSector median 24.2x
P/B1.8xSector median 2.8x
Book value₹86.2
Dividend yield–Sector median 0.50%
ROE15.6%Sector median 11.5%
ROCE14.1%Sector median 13.4%
OPM9.9%Sector median 10.3%
Debt / equity0.98xSector median 0.17x
EV/EBITDA8.1xSector median 16.7x
Interest cover2.3x
Current ratio1.13x
Sales growth 3y+7.7%Sector median +10.2%
Profit growth 3y+29.7%Sector median +12.8%
PEG0.62x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹271 cr vs borrowings ₹1,142 cr (FY26): borrowings are higher by ₹870 cr.
- Borrowings rose in each of the last 3 years (₹621 cr → ₹1,142 cr).
- Operating profit covered interest 2.3x in the last 12 months.
- 8.64% of the promoters' shares are pledged (3.5% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 31% of net profit in the last 12 months.
- Debtor days went from 58 (FY24) to 74 (FY26).
- No dividend in the last 5 financial years.
- Price ₹153.40 on 2026-10-26: -45.2% from the 52-week high, +18.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹270.90 · low ₹134.14
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 748 | 840 | 906 | 846 | 907 | 943 | 925 | 870 |
| EBITDA | 75 | 82 | 91 | 86 | 81 | 83 | 105 | 93 |
| OPM % | 10.1% | 9.7% | 10.1% | 10.1% | 9.0% | 8.8% | 11.4% | 10.6% |
| Other income | 6 | 7 | 7 | 8 | 13 | 16 | 9 | 14 |
| Net profit | 27 | 30 | 36 | 32 | 41 | 37 | 56 | 35 |
| EPS (₹) | 1.99 | 2.25 | 2.64 | 2.37 | 2.39 | 2.49 | 3.04 | 2.62 |
| Revenue YoY | +21.3% | +12.3% | +2.1% | +2.9% | ||||
| Profit YoY | +51.5% | +20.5% | +56.1% | +10.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,266 | 2,895 | 3,131 | 3,227 | 3,620 | 3,645 |
| EBITDA | 171 | 221 | 273 | 310 | 355 | 362 |
| Net profit | 39 | 75 | 98 | 119 | 165 | 168 |
| EPS (₹) | 2.94 | 5.49 | 7.29 | 8.84 | 10.29 | 10.54 |
| Revenue growth | +27.8% | +8.2% | +3.1% | +12.2% | +9.2% | |
| Profit growth | +91.9% | +30.4% | +21.3% | +38.1% | +34.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.7% | +18.9% | +9.2% |
| Net profit | +29.7% | +130.3% | +34.8% |
| EPS | +23.3% | +124.6% | – |
| Share price | – | -10.8% (2y) | -32.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 778 | 876 | 998 | 1,163 |
| Borrowings | – | 621 | 734 | 775 | 1,142 |
| Cash & equivalents | – | 200 | 161 | 191 | 271 |
| Total assets | – | 2,318 | 2,640 | 2,954 | 3,551 |
| Fixed assets | – | 628 | 608 | 833 | 938 |
| Capital work in progress | – | 18 | 218 | 53 | 136 |
| Investments | – | 0 | 3 | 5 | 10 |
| Receivables | – | 363 | 495 | 580 | 731 |
| Inventory | – | 783 | 825 | 935 | 1,010 |
| Payables | – | 584 | 791 | 877 | 899 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 167 | 244 | 225 | 256 | 202 |
| Cash from investing | -71 | -28 | -257 | -105 | -349 |
| Cash from financing | -92 | -113 | -22 | -100 | 211 |
| Capex | 57 | 71 | 247 | 126 | 328 |
| Free cash flow | 110 | 173 | -22 | 130 | -126 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.7% | 11.2% | 11.9% | 14.2% |
| ROCE % | – | 13.6% | 15.3% | 15.7% | 13.8% |
| Debtor days | – | 46 | 58 | 66 | 74 |
| Inventory days | – | 159 | 155 | 178 | 176 |
| Payable days | – | 118 | 149 | 167 | 157 |
| Cash conversion cycle (days) | – | 87 | 64 | 77 | 93 |
| Working capital days | – | 16 | 7 | 26 | 26 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 39.91% |
| FIIs | 3.60% |
| DIIs | 5.96% |
| of which Mutual funds | 5.79% |
| Public (non-institutions) | 50.53% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 39.66% | 39.66% | 39.66% | 39.66% | 39.67% | 39.67% | 39.67% | 39.91% |
| Promoter group | % |
|---|---|
| Pennar Holdings Private Limited | 15.91% |
| Aditya Narsing RAO | 6.64% |
| J. Rajyalakshmi | 5.12% |
| Joginapally Venkata Nrupender RAO | 4.44% |
| J. Avanti RAO | 1.77% |
| Danapuneni Sudeepta RAO | 1.37% |
| Jayanthi Puljal | 1.32% |
| Kalpana Puljal | 1.29% |
| Bhavana Puljal | 1.25% |
| Joginapally Nrupender RAO HUF | 0.49% |
| Lavanyakumar RAO Kondapally | 0.13% |
| Kondapally Lakshman RAO HUF | 0.07% |
| Kondapally Lavanya Kumar RAO HUF | 0.06% |
| Kondapally Sandhya | 0.05% |
| Public holders above 1% | % |
|---|---|
| Bandhan Small CAP Fund | 5.79% |
| Southend Securities Private Limited | 1.36% |
| Ajay Kumar Aggarwal | 1.01% |
| ZEN Securities Ltd | 1.00% |
77,697 shareholders. Pledged: 8.64% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| PENIND | ₹2,070 cr | 14.6x | 1.8x | 15.6% | 14.1% | 9.9% | +7.7% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Diversified engineering | ₹1,872 cr | 50.5% | ₹223 cr | 11.9% |
| Custom designed building solutions & auxiliaries | ₹1,836 cr | 49.5% | ₹178 cr | 9.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-15 | Other | Annual General Meeting |
| 2022-09-09 | Other | Annual General Meeting |
| 2021-09-17 | Other | Annual General Meeting |
| 2020-09-16 | Other | Annual General Meeting |
| 2019-09-18 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-21 | Other | Annual General Meeting |
| 2014-09-22 | Other | Annual General Meeting |
| 2013-07-19 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2012-07-11 | Dividend | Annual General Meeting / Dividend Rs 1 Per Share |
| 2011-09-06 | Dividend | Annual General Meeting And Dividend Re.0.75 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Diversified Engineering: Railways-Wagons, Steel, Solar Module Mounting solutions, Industrial Boilers & Heaters, Chemicals & Fuel Additives, solar panels, precission tubes, BIW, hydraulics and auto components.
- Custom designed building solutions & auxiliaries: Pre-engineered Buildings, construction equipments and Engineering Services
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | PENIND |
| BSE code | 513228 |
| ISIN | INE932A01024 |
| Face value | ₹5.0 |
| Incorporated | 1975-08-08 |
| Website | https://www.pennarindia.com/index.php |
| Plants (India / abroad) | 9 / 3 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.