Pennar Industries Ltd

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

Pennar Industries Ltd

₹ 141 0.32%
25 Apr 12:36 p.m.
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 ₹ 1,905 Cr.
  • Current Price ₹ 141
  • High / Low ₹ 163 / 66.4
  • Stock P/E 20.5
  • Book Value ₹ 61.0
  • Dividend Yield 0.00 %
  • ROCE 13.3 %
  • ROE 9.97 %
  • Face Value ₹ 5.00
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Pros

  • Debtor days have improved from 72.2 to 45.8 days.
  • Company's working capital requirements have reduced from 92.9 days to 59.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 4.87% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
412 557 488 552 533 693 700 834 692 668 749 814 745
379 511 451 511 490 642 655 788 634 600 687 744 669
Operating Profit 33 46 38 40 43 51 45 46 58 68 62 70 76
OPM % 8% 8% 8% 7% 8% 7% 6% 6% 8% 10% 8% 9% 10%
5 29 3 3 4 7 11 16 8 2 12 6 6
Interest 22 18 18 20 19 21 22 25 22 23 28 30 31
Depreciation 12 12 13 13 13 15 16 16 16 17 16 17 18
Profit before tax 3 45 9 11 14 22 19 22 28 31 29 30 33
Tax % 20% 25% 30% 26% 24% 23% 25% 24% 23% 22% 26% 25% 23%
3 34 6 8 11 17 14 16 21 24 22 22 25
EPS in Rs 0.19 2.36 0.45 0.57 0.75 1.16 1.00 1.24 1.58 1.73 1.62 1.67 1.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,219 1,115 1,125 1,313 1,356 1,541 1,768 2,133 2,107 1,525 2,266 2,895 2,976
1,074 1,002 1,035 1,195 1,208 1,387 1,562 1,959 1,937 1,432 2,094 2,673 2,700
Operating Profit 145 113 90 118 148 154 206 175 169 93 171 221 277
OPM % 12% 10% 8% 9% 11% 10% 12% 8% 8% 6% 8% 8% 9%
4 5 4 3 3 8 29 25 20 39 17 33 26
Interest 31 31 26 36 38 62 67 75 83 80 78 91 112
Depreciation 17 18 19 18 19 25 29 28 43 48 54 65 68
Profit before tax 101 69 48 67 94 75 138 97 63 4 56 98 123
Tax % 36% 34% 36% 35% 38% 33% 34% 31% 15% 22% 25% 23%
65 46 31 43 58 50 90 67 53 3 42 75 93
EPS in Rs 5.08 3.43 2.15 2.98 3.64 2.87 7.43 5.52 3.65 0.18 2.94 5.59 6.90
Dividend Payout % 20% 29% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: 11%
TTM: 2%
Compounded Profit Growth
10 Years: 6%
5 Years: -1%
3 Years: 12%
TTM: 36%
Stock Price CAGR
10 Years: 18%
5 Years: 31%
3 Years: 99%
1 Year: 94%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 5%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 61 61 60 60 60 60 76 76 73 71 71 67 67
Reserves 244 278 311 342 454 416 528 591 628 625 664 711 756
Preference Capital 9 9 6 3 0 0 0 0 0 0 0 0
174 163 156 195 267 299 355 445 490 618 646 685 736
212 251 306 334 644 709 553 631 663 579 760 855 901
Total Liabilities 691 754 832 931 1,425 1,484 1,512 1,744 1,853 1,893 2,141 2,318 2,460
246 235 268 282 464 441 342 454 626 603 644 721 709
CWIP 2 17 13 3 3 12 27 118 33 61 76 18 55
Investments 0 3 26 26 33 35 69 52 45 18 45 27 45
444 499 526 620 925 996 1,073 1,120 1,149 1,211 1,376 1,552 1,650
Total Assets 691 754 832 931 1,425 1,484 1,512 1,744 1,853 1,893 2,141 2,318 2,460

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
88 88 84 30 205 -19 -2 174 191 -43 195 244
-58 -27 -72 -30 -268 41 -39 -204 -72 -6 -98 -26
-30 -43 -35 -4 115 -21 16 13 -95 43 -92 -113
Net Cash Flow 1 19 -23 -3 51 1 -26 -18 24 -5 4 105

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 63 76 81 94 103 82 83 79 69 102 68 46
Inventory Days 71 82 93 88 116 157 147 122 128 193 167 159
Days Payable 48 54 88 85 196 173 125 125 139 176 142 118
Cash Conversion Cycle 85 104 86 98 24 66 104 76 57 120 94 86
Working Capital Days 71 78 79 91 54 65 95 73 56 137 83 59
ROCE % 28% 19% 13% 17% 18% 16% 21% 17% 13% 5% 10% 13%

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.

Click on the line-items to see the names of individual entities.

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