Want to see IN:PENIND full AI Analyst Report?
Top Page
Pennar Industries Limited
(PENIND)
Select Model
Select Model
Rating:53Neutral
Price Target:
₹183.00
▼(-7.83% 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
Several years of revenue growth indicate continued demand for Pennar’s steel-based products and engineered solutions across industrial markets. Sustained expansion provides a durable base for better capacity utilization, operating leverage, and growth in higher-value product categories.
Negative Factors
Rising Leverage
The sharp increase in debt raises financial risk and reduces flexibility if industrial demand weakens. Higher leverage can absorb more operating cash through financing obligations, constrain future investment choices, and make the business more sensitive to changes in profitability or funding conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Several years of revenue growth indicate continued demand for Pennar’s steel-based products and engineered solutions across industrial markets. Sustained expansion provides a durable base for better capacity utilization, operating leverage, and growth in higher-value product categories.
Read all positive factors
Pennar Industries Limited (PENIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.50B
Dividend Yield4.02%
Average Volume (3M)42.40K
Price to Earnings (P/E)16.5
Beta (1Y)1.52
Revenue Growth9.17%
EPS Growth14.00%
CountryIN
Employees2,679
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)10.54
Shares Outstanding135,496,230
10 Day Avg. Volume49,091
30 Day Avg. Volume42,397
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 | 36.45B | 36.20B | 32.27B | 31.31B | 28.95B | 22.66B |
| Gross Profit | 11.66B | 10.49B | 9.05B | 11.82B | 10.93B | 3.14B |
| EBITDA | 3.75B | 3.55B | 3.47B | 3.13B | 2.55B | 1.88B |
| Net Income | 1.42B | 1.39B | 1.19B | 983.40M | 754.20M | 418.30M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 35.51B | 29.54B | 26.40B | 23.18B | 21.41B |
| Cash, Cash Equivalents and Short-Term Investments | 2.71B | 2.71B | 1.91B | 1.09B | 1.70B | 835.20M |
| Total Debt | 0.00 | 11.88B | 8.12B | 7.85B | 6.85B | 6.45B |
| Total Liabilities | -11.63B | 23.87B | 19.55B | 17.63B | 15.39B | 14.05B |
| Stockholders Equity | 11.63B | 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
Neutral
198.55
Price Trends
167.23
Positive
164.45
Positive
166.60
Positive
Market Momentum
3.81
Negative
50.07
Neutral
50.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PENIND, the sentiment is Neutral. The current price of 198.55 is above the 20-day moving average (MA) of 175.58, above the 50-day MA of 167.23, and above the 200-day MA of 166.60, indicating a neutral trend. The MACD of 3.81 indicates Negative momentum. The RSI at 50.07 is Neutral, neither overbought nor oversold. The STOCH value of 50.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ₹36.37B | 42.39 | ― | 0.28% | 1.36% | 4.42% | |
68 Neutral | ₹22.47B | 40.02 | ― | 0.24% | 20.87% | 12.63% | |
61 Neutral | ₹235.37B | 73.47 | ― | ― | 17.44% | -4.39% | |
57 Neutral | ₹67.50B | 34.53 | ― | 0.65% | 19.79% | -16.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹23.50B | 16.53 | ― | 4.02% | 9.17% | 14.00% | |
46 Neutral | ₹10.64B | 16.85 | ― | 4.66% | 49.44% | 41.82% |
* General Sector Average
IN:PENIND
Pennar Industries Limited
173.45
-63.25
-26.72%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
918.00
42.64
4.87%
IN:JASH
Jash Engineering Ltd.
575.60
107.30
22.91%
IN:JYOTICNC
Jyoti Cnc Automation Limited
1,034.95
104.85
11.27%
IN:JYOTISTRUC
Jyoti Structures Ltd.
8.91
-6.12
-40.72%
IN:THEJO
Thejo Engineering Ltd.
2,071.40
266.27
14.75%
Pennar Industries Limited Corporate Events
Pennar Industries Announces Virtual 50th AGM, Publishes Shareholder Notices
Sep 1, 2026
Pennar Industries Limited has announced that it has published newspaper notices in Nava Telangana and Business Standard to inform shareholders about its 50th Annual General Meeting. The meeting will be conducted through video conferencing and othe...
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.