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Pennar Industries Limited
(PENIND)
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Rating:53Neutral
Price Target:
₹163.00
▼(-17.90% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily held back by weakening cash-flow quality (lower operating cash flow and sharply negative free cash flow) alongside higher leverage, which increases financial risk. This is partially offset by steady revenue growth and improved profitability versus earlier years, plus a moderate P/E valuation. Technicals are neutral-to-soft, reflecting limited momentum and longer-term trend pressure.
Positive Factors
Steady Revenue Growth
Consistent revenue expansion indicates sustained demand for Pennar’s products and services. Growth across successive years provides a durable base for operating leverage, although future benefits will depend on maintaining customer orders and capacity utilization.
Negative Factors
Rising Leverage
Higher borrowings increase interest and refinancing exposure while reducing flexibility during weaker demand periods. Although equity also grew, the elevated debt load can constrain investment choices and amplify downside risk if operating performance deteriorates.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent revenue expansion indicates sustained demand for Pennar’s products and services. Growth across successive years provides a durable base for operating leverage, although future benefits will depend on maintaining customer orders and capacity utilization.
Read all positive factors
Pennar Industries Limited (PENIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.52B
Dividend YieldN/A
Average Volume (3M)23.74K
Price to Earnings (P/E)15.8
Beta (1Y)1.53
Revenue Growth9.17%
EPS Growth14.00%
CountryIN
Employees2,679
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.64
Shares Outstanding134,946,230
10 Day Avg. Volume28,644
30 Day Avg. Volume23,739
Financial Highlights & Ratios
PEG Ratio0.76
Price to Book (P/B)1.52
Price to Sales (P/S)0.49
P/FCF Ratio-7.02
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)16.65
Revenue Forecast (FY)₹40.32B
Pennar Industries Limited Business Overview & Revenue Model
Company Description
Established in 1975 and headquartered in Hyderabad, India, Pennar Industries Limited functions as a leading engineering company serving both domestic and international markets. The firm offers a wide array of products and services, including speci...
How the Company Makes Money
Pennar Industries makes money primarily by manufacturing and supplying steel and steel-based engineered products, earning revenue from (1) sale of processed/value-added steel and metal-formed products and (2) sale of precision-engineered component...
Pennar Industries Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.98B | 36.20B | 32.27B | 31.31B | 28.95B | 22.66B |
| Gross Profit | 13.20B | 10.49B | 9.05B | 11.82B | 10.93B | 3.14B |
| EBITDA | 3.76B | 3.55B | 3.47B | 3.13B | 2.55B | 1.88B |
| Net Income | 1.30B | 1.39B | 1.19B | 983.40M | 754.20M | 418.30M |
Balance Sheet | ||||||
| Total Assets | 33.31B | 35.51B | 29.54B | 26.40B | 23.18B | 21.41B |
| Cash, Cash Equivalents and Short-Term Investments | 2.67B | 2.71B | 1.91B | 1.09B | 1.70B | 835.20M |
| Total Debt | 9.93B | 11.62B | 8.12B | 7.85B | 6.85B | 6.45B |
| Total Liabilities | 22.62B | 23.87B | 19.55B | 17.63B | 15.39B | 14.05B |
| Stockholders Equity | 10.70B | 11.63B | 9.98B | 8.77B | 7.78B | 7.35B |
Cash Flow | ||||||
| Free Cash Flow | -1.18B | -2.52B | 218.90M | -218.90M | 1.73B | 1.37B |
| Operating Cash Flow | 1.15B | 766.50M | 1.48B | 2.25B | 2.44B | 1.95B |
| Investing Cash Flow | -2.41B | -3.56B | -1.10B | -2.57B | -279.70M | -984.60M |
| Financing Cash Flow | 1.17B | 3.44B | 124.20M | -223.00M | -1.13B | -922.30M |
Pennar Industries Limited Technical Analysis
Positive
198.55
Price Trends
164.51
Positive
163.36
Positive
170.73
Negative
Market Momentum
0.64
Negative
57.78
Neutral
73.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PENIND, the sentiment is Positive. The current price of 198.55 is above the 20-day moving average (MA) of 159.96, above the 50-day MA of 164.51, and above the 200-day MA of 170.73, indicating a neutral trend. The MACD of 0.64 indicates Negative momentum. The RSI at 57.78 is Neutral, neither overbought nor oversold. The STOCH value of 73.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PENIND.
Pennar Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹29.72B | 33.98 | ― | 0.35% | 1.36% | 4.42% | |
68 Neutral | ₹22.77B | 40.51 | ― | 0.26% | 20.87% | 12.63% | |
61 Neutral | ₹218.30B | 72.62 | ― | ― | 17.44% | -4.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹57.15B | 28.93 | ― | 0.58% | 19.79% | -16.98% | |
54 Neutral | ₹11.69B | 18.43 | ― | ― | 49.44% | 41.82% | |
53 Neutral | ₹22.52B | 15.83 | ― | ― | 9.17% | 14.00% |
* General Sector Average
IN:PENIND
Pennar Industries Limited
169.60
-77.55
-31.38%
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1,002.85
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10.02
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-36.94%
IN:THEJO
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208.64
10.89%
Pennar Industries Limited Corporate Events
Pennar Industries Allots Rs 50.4 Crore Promoter Warrants, Discloses Promoter Share Pledge
Jun 18, 2026
Pennar Industries has approved the allotment of 3 million convertible equity warrants on a preferential basis to promoter entity Pennar Holdings Private Limited at an issue price of Rs. 168 per warrant, aggregating to Rs. 50.40 crore. The warrants...
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.