Pennar Industries Ltd

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

Pennar Industries Ltd

₹ 176 -1.65%
03 Jul 11:19 a.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 ₹ 2,378 Cr.
  • Current Price ₹ 176
  • High / Low ₹ 192 / 76.6
  • Stock P/E 24.2
  • Book Value ₹ 65.0
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 11.9 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Stock is trading at 2.66 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.37% 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

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
557 488 552 533 693 700 834 692 668 749 814 745 823
511 451 511 490 642 655 788 634 600 687 744 669 758
Operating Profit 46 38 40 43 51 45 46 58 68 62 70 76 65
OPM % 8% 8% 7% 8% 7% 6% 6% 8% 10% 8% 9% 10% 8%
29 3 3 4 7 11 16 8 2 12 6 6 16
Interest 18 18 20 19 21 22 25 22 23 28 30 31 26
Depreciation 12 13 13 13 15 16 16 16 17 16 17 18 16
Profit before tax 45 9 11 14 22 19 22 28 31 29 30 33 39
Tax % 25% 30% 26% 24% 23% 25% 24% 23% 22% 26% 25% 23% 26%
34 6 8 11 17 14 16 21 24 22 22 25 29
EPS in Rs 2.36 0.45 0.57 0.75 1.16 1.00 1.24 1.58 1.73 1.62 1.67 1.88 2.12
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,115 1,125 1,313 1,356 1,541 1,768 2,133 2,107 1,525 2,266 2,895 3,131
1,002 1,035 1,195 1,208 1,387 1,562 1,959 1,937 1,432 2,094 2,673 2,858
Operating Profit 113 90 118 148 154 206 175 169 93 171 221 273
OPM % 10% 8% 9% 11% 10% 12% 8% 8% 6% 8% 8% 9%
5 4 3 3 8 29 25 20 39 17 33 40
Interest 31 26 36 38 62 67 75 83 80 78 91 115
Depreciation 18 19 18 19 25 29 28 43 48 54 65 66
Profit before tax 69 48 67 94 75 138 97 63 4 56 98 131
Tax % 34% 36% 35% 38% 33% 34% 31% 15% 22% 25% 23% 25%
46 31 43 58 50 90 67 53 3 42 75 98
EPS in Rs 3.43 2.15 2.98 3.64 2.87 7.43 5.52 3.65 0.18 2.94 5.59 7.29
Dividend Payout % 29% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 8%
3 Years: 27%
TTM: 8%
Compounded Profit Growth
10 Years: 14%
5 Years: 8%
3 Years: 119%
TTM: 30%
Stock Price CAGR
10 Years: 16%
5 Years: 41%
3 Years: 77%
1 Year: 126%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 9%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 278 311 342 454 416 528 591 628 625 664 711 809
Preference Capital 9 6 3 0 0 0 0 0 0 0 0
163 156 195 267 299 355 445 490 618 646 685 785
251 306 334 644 709 553 631 663 579 760 855 978
Total Liabilities 754 832 931 1,425 1,484 1,512 1,744 1,853 1,893 2,141 2,318 2,640
235 268 282 464 441 342 454 626 603 644 721 697
CWIP 17 13 3 3 12 27 118 33 61 76 18 218
Investments 3 26 26 33 35 69 52 45 18 45 27 22
499 526 620 925 996 1,073 1,120 1,149 1,211 1,376 1,552 1,704
Total Assets 754 832 931 1,425 1,484 1,512 1,744 1,853 1,893 2,141 2,318 2,640

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
88 84 30 205 -19 -2 174 191 -43 195 244 225
-27 -72 -30 -268 41 -39 -204 -72 -6 -98 -26 -257
-43 -35 -4 115 -21 16 13 -95 43 -92 -113 -22
Net Cash Flow 19 -23 -3 51 1 -26 -18 24 -5 4 105 -54

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 76 81 94 103 82 83 79 69 102 68 46 58
Inventory Days 82 93 88 116 157 147 122 128 193 167 159 155
Days Payable 54 88 85 196 173 125 125 139 176 142 118 149
Cash Conversion Cycle 104 86 98 24 66 104 76 57 120 94 86 64
Working Capital Days 78 79 91 54 65 95 73 56 137 83 59 63
ROCE % 19% 13% 17% 18% 16% 21% 17% 13% 5% 10% 13%

Shareholding Pattern

Numbers in percentages

3 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.

Documents

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