PENINDIndustrials

Pennar Industries Limited

Industrial Products · ISIN INE932A01024 · BSE 513228 · NSE EQ · FV ₹5
Last price
₹170
+2.19%today
What this company does

Pennar Industries Limited operates in Industrial Products, part of the Industrials sector. It booked ₹870 cr of revenue in its latest quarter (Q1 FY27) and kept 4.1% of sales as profit.

Pennar Industries Limited, headquartered in Hyderabad and founded in 1975, is a diversified engineering and manufacturing conglomerate serving customers globally. From precision tubes in the 1980s to today’s hydraulics, boilers and engineering design services, the Company has evolved into a one-stop partner for infrastructure, mobility and energy customers globally.
In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns60

How much profit it earns on the money it employs

Balance sheet18

How much it owes, and whether earnings cover the interest

Cash quality63

Whether reported profit actually arrives as cash

Growth & consistency72

Whether sales and profit have grown, and how steadily

Valuation63

What today's price implies, against our models or its peers

Governance & risk64

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 11% vs last year
Turns profit into real cash
Watch-outs
! Thin 4.1% net margin
! 8.7% of promoter stake pledged

What if I invest in PENIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹170 +2.19%
latest close · 2026-09-17
1-year return
+471.9%
52-wk low ₹2652-wk high ₹183
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.3Average
LowAverageHigh
P/B ratio1.98Moderate
Below bookModerateHigh
EV / EBITDA7.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.2%Fair
WeakFairStrong ▸15%
Return on capital21.2%Strong
WeakFairStrong
Net margin4.1%Thin
ThinDecentStrong
EBITDA margin12.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.98Moderate
LowModerateHigh ▸1
Interest cover2.3×Okay
RiskyOkayStrong ▸5×
Current ratio1.13Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,300 cr
Book value
₹86
EPS
₹2.62
latest quarter
Net debt
₹936 cr
owes more than its cash
Enterprise value
₹3,236 cr
EBITDA
₹427 cr
annualised
EBIT
₹333 cr
annualised
Operating margin
9.6%
Return on assets
4.0%
Earnings yield
6.15%
P/S
0.66
Sales / share
₹258.0
Tax rate
24.1%
Face value
₹5
Shares
13.5 cr
Working capital
₹261 cr
Current assets
₹2,244 cr
Current liabilities
₹1,983 cr
Delivery %
50.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹73₹100, midpoint ₹86

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹870 cr
Other Income₹14 cr
Total Income₹885 cr
Cost of Materials₹530 cr
Purchases of Stock-in-Trade₹14 cr
Inventory Change (±)₹-55 cr
Employee Benefit Expense₹107 cr
Finance Costs₹36 cr
Depreciation & Amortisation₹24 cr
Other Expenses₹182 cr
Total Expenses₹838 cr
Profit before Tax₹47 cr
Tax Expense₹11 cr
Share of JV / Associates₹-9 L
Net Profit₹35 cr
Net margin on total income4.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹489 cr55.3%
Employee benefit expense₹107 cr12.1%
Finance costs₹36 cr4.1%
Depreciation & amortisation₹24 cr2.7%
Other expenses₹182 cr20.5%
Tax expense₹11 cr1.3%
Profit for the period₹35 cr4.0%
Total income ₹885 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue943 cr925 cr870 cr
Total income959 cr934 cr885 cr
Expenses916 cr878 cr838 cr
Profit before tax43 cr55 cr47 cr
Tax9 cr14 cr11 cr
Net profit (owners' share)37 cr56 cr35 cr
Net margin (owners' share, on revenue)3.9%6.0%4.1%
EPS (₹)2.493.042.62
YoY (latest quarter): total income +3.6% · net profit +10.9%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,551 cr
Shareholder equity
₹1,163 cr
parent shareholders
Total debt
₹1,142 cr
Cash
₹206 cr
Cash flow · H1 FY26
Operating
₹115 cr
Investing
₹-241 cr
Financing
₹117 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limited₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 19 Jul 2013
ActionDetailEx-date
Dividend₹1 / share19 Jul 2013
Dividend₹1 / share11 Jul 2012
Who owns it · 2026-06-30
8.7% pledged
Promoter
39.7%
FII / Foreign
4.0%
DII / Domestic
5.9%
Retail / others
50.4%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtPotluri Venkateshwara Rao · Director4,000 · ₹5.7 L19 Mar 26
SoldPotluri Venkateshwara Rao · Director2,000 · ₹4.5 L18 Nov 25
BoughtAditya Narsing Rao · Promoters4,350 · ₹10.0 L14 Nov 25
Bulk / block deals
short · NSE18 Sep 26
short · NSE120 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE9.48 L @ ₹174.327 May 26
Stake changes
BoughtBandhan Mutual Fund→ 5.05% · 1.20 L13 Apr 26
SoldSAIF India IV FII Holdings Limited→ 3.82% · 35.26 L26 May 21
SoldSAIF India IV FII Holdings Limited→ 3.82% · 35.26 L26 May 21
Promoter pledges
PledgedBajaj Finance Limited31.73 L · 0.00% held17 Jun 26
PledgedState bank of India15.00 L · 0.00% held18 Sep 23
PledgedState bank of India15.00 L · 0.00% held18 Sep 23
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To receive, consider and adopt the audited financial statement (including audited consolidated financial statements) of the company for the financial year ended 31st March, 2025 together with the reports of the Board of directors and the auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
89.61 L votes for, 273 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in the place of Mr. Aditya Rao (DIN: 01307343) who retires by rotation and being eligible offers himself for re-appointment as a Director
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
89.65 L votes for, 3,748 against · 0% of mutual funds and other big investors said no
3
To ratify the remuneration payable to M/s. Kandikonda & Associates., Cost Accountants (Registration No. 101361) for the financial year ending 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
89.65 L votes for, 3,748 against · 0% of mutual funds and other big investors said no
4
To approve the appointment of secretarial auditor of the Company
Backed by 100% of shareholders other than promotersneeded 50%
89.68 L votes for, 273 against · 0% of mutual funds and other big investors said no
7
To approve of Investments / Loans / Guarantees / Securities
⚑ Passed only because promoters voted yes
Backed by 43% of shareholders other than promotersneeded 75%
38.79 L votes for, 50.90 L against · 96% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 14 named members
owning 39.7% between them · as of 2026-06-30
PENNAR HOLDINGS PRIVATE LIMITED15.57%
ADITYA NARSING RAO6.67%
J. RAJYALAKSHMI5.14%
JOGINAPALLY VENKATA NRUPENDER RAO4.45%
J. AVANTI RAO1.78%
DANAPUNENI SUDEEPTA RAO1.38%
JAYANTHI PULJAL1.33%
KALPANA PULJAL1.30%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹12.6 L raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 25% of what it set aside.

Working Capital Requirement
38%
of what was set aside
Capital Expenditure
0%
of what was set aside
General Corporate Purposes
50%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.