Is Pennar Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pennar Industries Ltd is a average quality company .

Is Pennar Industries undervalued or overvalued?

The key valuation ratios of Pennar Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Pennar Industries share price return in the past 10 years?

Pennar Industries Ltd share price has appreciated 12.7% annually (CAGR) over the past ten years.

Is Pennar Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pennar Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Pennar Industries Ltd - Stock Valuation and Financial Performance

Name: Pennar Industries
Brand: Pennar Industries

BSE: 513228 | NSE: PENIND | Steel & Iron Products | Small Cap

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Pennar Industries Share Price

₹197.10 15.85 8.74%
as on 21-Nov'24 16:00

10 Year X-Ray of Pennar Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.6%	14%	15.9%	27.9%	16.4%	12.9%	6.7%	9.3%	11.2%	13.5%	-
Value Creation Index ⓘ	0.0	0	0.1	1.0	0.2	-0.1	-0.5	-0.3	-0.2	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	859	903	988	1,750	2,116	2,098	1,517	1,995	2,288	2,458	2,447
Sales YoY Gr.	-	5.1%	9.4%	77.2%	20.9%	-0.9%	-27.7%	31.5%	14.7%	7.4%	-
Adj EPS ⓘ	1.8	2.3	2.4	5.1	4.4	3.6	-0.7	2.4	2.5	4.2	5.5
YoY Gr.	-	26.4%	5.3%	116.9%	-15.2%	-17.2%	-120.2%	NA	5.5%	69.1%	-
BVPS (₹) ⓘ	25.7	27.9	29.2	39.7	43.7	48	48.6	50.9	54.2	58.4	61.5
Adj Net Profit ⓘ	21.4	27.1	28.5	78.3	66.4	52.4	-10.3	33.5	33.6	56.9	74
Cash Flow from Ops. ⓘ	21.7	101	87.2	1.1	171	198	-55.5	209	117	212	-
Debt/CF from Ops. ⓘ	7	1.9	1.6	328.1	2.6	2.3	-10.5	2.8	5.3	3.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.4%	3%	17.5%	7.4%
Adj EPS ⓘ	10%	-0.7%	NA	69.1%
BVPSⓘ	9.6%	6%	6.3%	7.8%
Share Price	12.7%	47.8%	90.9%	54.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6.6	7.8	8.1	16.4	10.5	7.7	-1.5	4.7	4.6	7.5	9.2
Op. Profit Mgn % ⓘ	8.1	8.7	8.8	10.6	8.2	8	6.3	7.7	7.3	8.6	9.8
Net Profit Mgn % ⓘ	2.5	3	2.9	4.5	3.1	2.5	-0.7	1.7	1.5	2.3	3
Debt to Equity ⓘ	0.5	0.6	0.4	0.6	0.7	0.6	0.8	0.8	0.9	0.9	0.2
Working Cap Days ⓘ	182	177	164	156	181	187	269	225	216	217	110
Cash Conv. Cycle ⓘ	81	73	44	70	103	99	144	124	117	118	1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.20%

Sales growth is growing at healthy rate in last 3 years 17.46%

Debt to equity has declined versus last 3 years average to 0.93

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 6.54%

Latest Financials - Pennar Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.5	8
TTM Sales (₹ Cr.)	2,447	3,049
BVPS (₹.) ⓘ	61.5	69
Reserves (₹ Cr.) ⓘ	762	863
P/BV ⓘ	2.95	2.63
PE ⓘ	32.87	22.81

From the Market
52 Week Low / High (₹)	107.00 / 215.00
All Time Low / High (₹)	0.32 / 215.00
Market Cap (₹ Cr.)	2,446
Equity (₹ Cr.)	67.5
Face Value (₹)	5
Industry PE ⓘ	21.8

Management X-Ray of Pennar Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

2.80

0.00

2.80

2.81

2.80

* Pledged shares as % of Promoter's holding (%)

Valuation of Pennar Industries

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Price to Earnings

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Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Pennar Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	859	903	988	1,750	2,116	2,098	1,517	1,995	2,288	2,458
Operating Expenses ⓘ	790	824	900	1,564	1,946	1,930	1,426	1,842	2,121	2,246
Manufacturing Costs	76	95	116	249	351	336	265	293	331	388
Material Costs	602	609	679	1,084	1,288	1,256	918	1,232	1,476	1,536
Employee Cost	41	51	62	122	149	157	131	150	154	158
Other Costs ⓘ	70	70	44	110	157	181	112	167	160	164
Operating Profit ⓘ	69	79	87	185	170	168	90	152	168	212
Operating Profit Margin (%)	8.1%	8.7%	8.8%	10.6%	8.1%	8.0%	6.0%	7.6%	7.3%	8.6%
Other Income ⓘ	1	2	5	17	26	20	18	19	37	38
Interest ⓘ	26	28	35	62	75	83	79	75	89	114
Depreciation ⓘ	11	11	12	23	28	43	48	50	56	56
Exceptional Items ⓘ	0	0	0	21	0	0	20	0	0	0
Profit Before Tax ⓘ	33	42	45	139	94	62	1	46	60	80
Tax ⓘ	12	15	17	46	29	9	0	11	15	21
Profit After Tax	21	27	29	93	64	53	1	34	44	59
PAT Margin (%)	2.5%	3.0%	2.9%	5.3%	3.0%	2.5%	0.1%	1.7%	1.9%	2.4%
Adjusted EPS (₹)	1.8	2.3	2.4	6.1	4.2	3.6	0.1	2.4	3.3	4.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	334	356	352	604	665	697	691	723	731	788
Share Capital ⓘ	63	60	60	76	76	73	71	71	67	67
Reserves ⓘ	271	296	292	528	589	624	620	652	664	721
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	139	182	134	336	413	398	531	541	558	673
Long Term Debt	45	86	69	101	100	102	113	99	98	134
Short Term Debt	94	97	65	235	313	296	418	442	460	539
Trade Payables	101	199	272	372	448	477	446	515	558	738
Others Liabilities ⓘ	171	65	60	200	212	272	218	276	302	252
Total Liabilities ⓘ	746	802	818	1,513	1,738	1,844	1,886	2,055	2,149	2,451
Fixed Assets
Gross Block	420	435	381	546	677	887	904	922	1,040	1,059
Accumulated Depreciation	206	219	184	204	224	266	305	354	409	453
Net Fixed Assetsⓘ	215	217	197	342	453	621	599	568	631	607
CWIP ⓘ	1	0	8	27	118	33	53	76	10	181
Investmentsⓘ	23	72	63	72	55	57	30	54	36	99
Inventories	132	165	189	431	436	438	468	577	737	794
Trade Receivables	227	231	227	403	461	392	447	424	363	447
Cash Equivalents	10	56	48	49	36	56	42	65	53	58
Others Assetsⓘ	139	60	86	188	178	246	247	291	319	266
Total Assets ⓘ	746	802	818	1,513	1,738	1,844	1,886	2,055	2,149	2,451

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	22	101	87	1	171	198	-55	209	117	212
PBT ⓘ	33	42	45	139	94	62	1	46	60	80
Adjustment ⓘ	37	39	44	50	109	162	133	140	148	154
Changes in Working Capital ⓘ	-49	28	10	-161	4	-8	-188	34	-77	-1
Tax Paid ⓘ	0	-8	-12	-28	-36	-18	-2	-10	-13	-20
Cash Flow From Investing Activity ⓘ	-28	-63	-18	-112	-204	-79	-4	-134	-4	-215
Capex	-28	-14	-30	-118	-225	-90	-45	-21	-36	-216
Net Investments	0	0	9	6	21	0	26	-55	19	7
Others ⓘ	0	-50	2	0	1	11	14	-59	13	-7
Cash Flow From Financing Activityⓘ	3	11	-78	86	14	-96	44	-79	-106	-14
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	8	39	-15	35	12	23	11	-21	13	34
Interest Paid ⓘ	-26	-28	-31	-59	-75	-78	-75	-70	-89	-113
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	20	0	-32	109	77	-40	109	11	-29	65
Net Cash Flow ⓘ	-3	48	-9	-25	-19	22	-16	-4	7	-18

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.14	8.38	8.3	19.47	10.09	7.71	0.13	4.83	6.08	7.8
ROCE (%)	13.57	14.03	15.86	27.87	16.37	12.93	6.66	9.34	11.2	13.5
Asset Turnover Ratio	1.32	1.27	1.32	1.53	1.3	1.17	0.81	1.01	1.09	1.07
PAT to CFO Conversion(x)	1.05	3.74	3	0.01	2.67	3.74	-55	6.15	2.66	3.59
Working Capital Days
Receivable Days	80	85	78	65	75	74	101	80	63	60
Inventory Days	48	55	60	64	75	76	109	96	105	114
Payable Days	62	90	127	81	66	75	101	76	70	81

Pennar Industries Ltd Stock News

Pennar Industries Ltd FAQs

What is the share price of Pennar Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Pennar Industries on 21-Nov-2024 16:00 is ₹197.1.

What is the market cap of Pennar Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Pennar Industries stood at ₹2,445.9.

What is the P/E ratio of Pennar Industries?

The latest P/E ratio of Pennar Industries as of 21-Nov-2024 16:00 is 32.87.

What is the P/B ratio of Pennar Industries?

The latest P/B ratio of Pennar Industries as of 21-Nov-2024 16:00 is 2.95.

What is the 52-week high and low of Pennar Industries?

The 52-week high of Pennar Industries is ₹215.0 and the 52-week low is ₹107.0.

What is the TTM revenue of Pennar Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pennar Industries is ₹2,447 ( Cr.) .

About Pennar Industries Ltd

Pennar Industries, commenced manufacture of cold rolled Steel Strips in 1988 at Isnapur (45 km from Hyderabad) with an installed capacity of 30,000 MTPA. The company achieved profits right from the first year of its operation followed by declaration of dividend from the second year. The company increased its manufacturing capacity to 50,000 MTPA in the year 1997.

Propelled by liberalization and globalization of the Indian economy, Pennar acquired Nagarjuna Steel Ltd., Patancheru (32 KM from Hyderabad) and Press Metal, a unit of Tube Investment(TI), at Tarapur near Mumbai.

Pennarâ€™s fourth manufacturing facility is located at Chennai and manufactures profiles and components for the auto sector. The facility also services a steel service center.

Pennar is now a multi-location, multi-product company manufacturing cold rolled steel strips & tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems.

Products manufactured by the company include:

Cold Rolled Formed Profiles -Products are used in Commercial & Passenger Vehicles, Railway Coaches & Wagons, Industrial Buildings, Pollution Control Equipments and Door & Window Frames for Housing.
Pre-Engineered Building Systems-The system consists of elegant lattice-type portals made of cold formed profiles or portals of plate girder construction. Roofing and -cladding are made of galvanized/galvalume colour-coated steel sheet profiles as per customerâ€™s specifications.
Engineered Components Division(Ecd)-Engineered Components Division Supplies various pressed steel components for the following sectors: -Refrigeration / White Goods (Compressor Shells) -Automobiles (Seating Systems, Rotor Cups)
Electro Static Precipitators (Esp)-The components include Collecting Electrodes & Discharge Electrodes.
Metal Crash Barrier-Pennar Industries Limited is the pioneer in the field of Road safety systems(Metal crash barriers) in India which were initially manufactured under licence from Voest Alpine Industrial Services (VAIS) Austria.
Cold Rolled Steel Strips(Crss)-The Cold Rolled Steel Strips Division, with facilities at Patancheru & Isnapur, has a combined annual capacity of 120,000 Metric Tons. Pennar manufactures steel strips up to 720 mm width and thickness range of 0.25 - 4.5 mm both in coil and sheet form.
ERW TUBES

Clientele

Major customers of the company include: TVS Motors, Electrolux, Honda Siel, Tata Motors, Eicher Motors, Alstom Power, LLOYDS, N.R Steels, L&T -ECC Division and many more.