Pennar Industries Ltd

Pennar Industrie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Pennar Industries Ltd

₹ 144 2.60%
31 May - close price
pennarindia.com BSE: 513228 NSE: PENIND
About

Pennar Industries Limited is a multi-location, multi-product company manufacturing precision engineering products, Pre-Engineered Building Systems and Hydraulics and Warehousing solutions. [1]

Key Points

Product Portfolio
The Co manufactures over 1000 products such as Cold Rolled Steel Strips, Precision Tubes, Railway Press Release wagons / Coaches, Solar module mounting structures & Photovoltaic panels, Road Safety Systems, Water & Sewage treatment solutions, Desalination projects etc. These products are used in a variety of industries like railways, automobiles, general engineering, building and construction etc. [1][2]

Website BSE NSE
  • Market Cap ₹ 1,943 Cr.
  • Current Price ₹ 144
  • High / Low ₹ 163 / 69.2
  • Stock P/E 32.8
  • Book Value ₹ 58.4
  • Dividend Yield 0.00 %
  • ROCE 13.1 %
  • ROE 7.80 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.27% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
550 458 493 454 589 557 639 537 556 580 634 585 659
506 420 457 417 548 522 602 495 502 534 579 524 609
Operating Profit 44 38 36 38 41 35 37 41 54 46 55 61 51
OPM % 8% 8% 7% 8% 7% 6% 6% 8% 10% 8% 9% 10% 8%
29 3 3 5 7 12 15 10 0 13 6 6 13
Interest 18 18 17 19 21 21 24 22 22 27 30 31 26
Depreciation 12 13 12 12 13 14 14 14 15 14 14 15 13
Profit before tax 43 10 10 11 15 12 14 15 17 17 18 21 24
Tax % 25% 25% 26% 26% 24% 27% 25% 26% 26% 26% 25% 26% 26%
32 8 7 8 11 9 11 11 13 13 13 15 18
EPS in Rs 2.28 0.53 0.50 0.58 0.80 0.65 0.80 0.84 0.95 0.96 0.98 1.14 1.32
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
848 781 828 903 988 1,750 2,116 2,098 1,517 1,995 2,288 2,458
767 728 759 824 900 1,564 1,944 1,930 1,426 1,842 2,120 2,246
Operating Profit 81 52 69 79 87 186 172 168 90 153 168 212
OPM % 10% 7% 8% 9% 9% 11% 8% 8% 6% 8% 7% 9%
1 1 1 2 5 38 25 20 38 19 37 38
Interest 20 18 26 28 35 62 75 83 79 75 89 114
Depreciation 15 15 11 11 12 23 28 43 48 50 56 56
Profit before tax 47 19 33 42 45 139 94 62 1 46 60 80
Tax % 34% 35% 36% 35% 37% 33% 32% 15% 17% 25% 26% 26%
31 13 21 27 29 93 64 53 1 34 44 59
EPS in Rs 2.55 1.04 1.77 2.25 2.37 7.73 5.32 3.62 0.06 2.40 3.28 4.39
Dividend Payout % 39% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 3%
3 Years: 17%
TTM: 7%
Compounded Profit Growth
10 Years: 17%
5 Years: -2%
3 Years: 80%
TTM: 34%
Stock Price CAGR
10 Years: 14%
5 Years: 31%
3 Years: 77%
1 Year: 108%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 6%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 61 60 60 60 60 76 76 73 71 71 67 67
Reserves 247 254 271 296 292 528 589 624 620 652 664 721
Preference Capital 9 6 3 0 0 0 0 0 0 0 0
110 119 151 192 136 351 444 487 616 624 666 772
118 154 152 254 330 557 628 660 579 707 752 891
Total Liabilities 535 587 634 802 818 1,513 1,738 1,844 1,886 2,055 2,149 2,451
187 203 215 217 197 342 453 621 599 568 631 606
CWIP 1 4 1 0 8 27 118 33 53 76 10 181
Investments 23 23 23 72 63 72 55 57 30 54 36 99
325 357 395 513 550 1,072 1,112 1,132 1,204 1,357 1,472 1,564
Total Assets 535 587 634 802 818 1,513 1,738 1,844 1,886 2,055 2,149 2,451

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
54 68 22 101 87 1 171 198 -55 209 117 211
-10 -38 -28 -63 -18 -99 -204 -79 -4 -134 -4 -215
-43 -29 3 11 -78 86 14 -96 44 -79 -106 -14
Net Cash Flow 0 2 -3 48 -9 -12 -19 22 -16 -4 7 -18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 75 88 100 94 84 84 79 68 108 78 58 66
Inventory Days 71 78 80 99 101 145 124 127 186 171 182 189
Days Payable 37 66 61 120 146 125 127 139 177 153 138 175
Cash Conversion Cycle 109 100 118 73 39 104 76 57 116 96 102 79
Working Capital Days 89 92 107 86 68 96 73 54 138 90 84 86
ROCE % 16% 9% 13% 13% 16% 25% 16% 13% 5% 9% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.69% 37.69% 37.69% 37.71% 38.20% 39.75% 39.75% 39.75% 39.75% 39.75% 39.75% 39.62%
0.36% 0.17% 0.36% 0.20% 0.14% 0.65% 4.08% 4.86% 4.25% 4.69% 4.31% 4.62%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.10% 0.35% 0.27%
61.95% 62.13% 61.94% 62.09% 61.66% 59.60% 56.18% 55.37% 56.01% 55.47% 55.59% 55.48%
No. of Shareholders 52,72463,31962,54062,30659,59455,53155,14660,97564,18483,31887,16593,940

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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