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Last Updated: April 2, 2026, 3:28 am
Author: Getaka|Social: XLinkedIn

Pennar Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹119.04Overvalued by 17.33%vs CMP ₹144.00

P/E (14.6) × ROE (12.6%) × BV (₹79.30) × DY (2.00%)

₹132.68Fairly Valued by 7.86%vs CMP ₹144.00
MoS: -8.5% (Negative)Confidence: 51/100 (Moderate)Models: 1 Under, 3 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹151.7226%Fair (+5.4%)
Graham NumberEarnings₹132.8419%Fair (-7.8%)
DCFCash Flow₹169.7113%Under (+17.9%)
Net Asset ValueAssets₹79.068%Over (-45.1%)
EV/EBITDAEnterprise₹150.8011%Fair (+4.7%)
Earnings YieldEarnings₹98.908%Over (-31.3%)
ROCE CapitalReturns₹92.018%Over (-36.1%)
Revenue MultipleRevenue₹119.336%Over (-17.1%)
Consensus (8 models)₹132.68100%Fairly Valued
Key Drivers: EPS CAGR 27.5% lifts DCF — verify sustainability.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 27.5%

*Investments are subject to market risks

Investment Snapshot

64
Pennar Industries Ltd scores 64/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health69/100 · Strong
ROCE 15.9% GoodROE 12.6% GoodD/E 0.76 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 1.21% (6mo) AccumulatingPromoter holding at 39.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +15% YoY GrowingProfit (4Q): +20% YoY Positive
Industry Rank65/100 · Strong
P/E 14.6 vs industry 82.8 Cheaper than peersROCE 15.9% vs industry 86.4% Below peersROE 12.6% vs industry 8.8% Above peers3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:28 am

Market Cap 1,947 Cr.
Current Price 144
Intrinsic Value₹132.68
High / Low 280/129
Stock P/E14.6
Book Value 79.3
Dividend Yield0.00 %
ROCE15.9 %
ROE12.6 %
Face Value 5.00
PEG Ratio0.53

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Pennar Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Pennar Industries Ltd 1,947 Cr. 144 280/12914.6 79.30.00 %15.9 %12.6 % 5.00
Mahamaya Steel Industries Ltd 1,573 Cr. 957 1,062/222151 92.80.00 %7.15 %5.01 % 10.0
Heera Ispat Ltd 3.09 Cr. 5.25 9.91/4.84 1.380.00 %236 %% 10.0
Industry Average1,760.00 Cr368.7582.8057.830.00%86.35%8.81%8.33

All Competitor Stocks of Pennar Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 692668749814745823733748840906846907943
Expenses 634600687744669758662672768815760825861
Operating Profit 58686270766572757291868182
OPM % 8%10%8%9%10%8%10%10%9%10%10%9%9%
Other Income 821266167616781316
Interest 22232830312627283134353434
Depreciation 16171617181617171718191922
Profit before tax 28312930333935364047404143
Tax % 23%22%26%25%23%26%25%25%23%24%20%21%22%
Net Profit 21242222252926273036323234
EPS in Rs 1.581.731.621.671.882.121.961.992.262.642.372.392.49

Last Updated: March 3, 2026, 3:49 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 8:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,1251,3131,3561,5411,7682,1332,1071,5252,2662,8953,1313,2273,601
Expenses 1,0351,1951,2081,3871,5621,9591,9371,4322,0942,6732,8582,9163,260
Operating Profit 9011814815420617516993171221273310341
OPM % 8%9%11%10%12%8%8%6%8%8%9%10%9%
Other Income 4338292520391733403745
Interest 26363862677583807891115120137
Depreciation 19181925292843485465666977
Profit before tax 48679475138976345698131158171
Tax % 36%35%38%33%34%31%15%22%25%23%25%25%
Net Profit 314358509067533427598119134
EPS in Rs 2.152.983.642.877.435.523.650.182.945.597.298.849.89
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)38.71%34.88%-13.79%80.00%-25.56%-20.90%-94.34%1300.00%78.57%30.67%21.43%
Change in YoY Net Profit Growth (%)0.00%-3.83%-48.68%93.79%-105.56%4.66%-73.44%1394.34%-1221.43%-47.90%-9.24%

Pennar Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:9%
3 Years:13%
TTM:7%
Compounded Profit Growth
10 Years:13%
5 Years:18%
3 Years:42%
TTM:21%
Stock Price CAGR
10 Years:18%
5 Years:70%
3 Years:73%
1 Year:45%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:12%
Last Year:13%

Last Updated: September 5, 2025, 12:10 pm

Balance Sheet

Last Updated: December 4, 2025, 1:47 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 60606060767673717167676767
Reserves 3113424544165285916286256647118099311,002
Borrowings 161198267299355445490618646685785812993
Other Liabilities 3003326447095536316635797608559781,1431,268
Total Liabilities 8329311,4251,4841,5121,7441,8531,8932,1412,3182,6402,9533,331
Fixed Assets 2682824644413424546266036447216979471,046
CWIP 133312271183361761821853125
Investments 26263335695245184527221215
Other Assets 5266209259961,0731,1201,1491,2111,3761,5521,7041,9412,145
Total Assets 8329311,4251,4841,5121,7441,8531,8932,1412,3182,6402,9533,331

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8430205-19-2174191-43195244225256
Cash from Investing Activity + -72-30-26841-39-204-72-6-98-26-256-104
Cash from Financing Activity + -35-4115-211613-9543-92-113-22-100
Net Cash Flow -23-3511-26-1824-54105-5352
Free Cash Flow 33047-72-103-5299-95138173-22130
CFO/OP 113%36%149%12%14%120%124%-43%120%116%95%95%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-71.00-80.00-119.00-145.00-149.00-270.00-321.00-525.00-475.00-464.00-512.00-502.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 81941038283796910268465866
Inventory Days 9388116157147122128193167159155178
Days Payable 8885196173125125139176142118149167
Cash Conversion Cycle 86982466104765712094866477
Working Capital Days 455282346193232-9-114
ROCE %13%17%18%16%21%17%13%5%10%13%16%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 39.75%39.75%39.75%39.75%39.62%39.63%39.67%39.67%39.67%39.67%39.67%39.67%
FIIs 4.86%4.25%4.69%4.31%4.62%4.86%4.81%4.40%3.81%6.23%6.74%5.02%
DIIs 0.03%0.00%0.10%0.35%0.27%0.32%1.48%1.59%1.69%1.74%1.98%2.18%
Public 55.37%56.01%55.47%55.59%55.48%55.18%54.04%54.34%54.84%52.37%51.61%53.14%
No. of Shareholders 60,97564,18483,31887,16593,94093,68485,00086,44687,73681,73282,40984,398

Shareholding Pattern Chart

No. of Shareholders

Pennar Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Small Cap Fund 3,372,410 0.3 57.611,776,1362026-02-23 03:11:2689.87%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 8.847.295.492.940.18
Diluted EPS (Rs.) 8.847.295.492.940.18
Cash EPS (Rs.) 14.0012.2210.406.763.59
Book Value[Excl.RevalReserv]/Share (Rs.) 73.9964.9557.7351.7849.01
Book Value[Incl.RevalReserv]/Share (Rs.) 73.9964.9557.7351.7849.01
Revenue From Operations / Share (Rs.) 239.11232.00214.51159.38107.30
PBDIT / Share (Rs.) 25.7523.2218.8713.257.84
PBIT / Share (Rs.) 20.6418.2914.059.454.46
PBT / Share (Rs.) 11.789.747.293.930.25
Net Profit / Share (Rs.) 8.897.295.592.950.19
NP After MI And SOA / Share (Rs.) 8.847.295.592.940.17
PBDIT Margin (%) 10.7610.008.798.317.31
PBIT Margin (%) 8.637.886.555.924.15
PBT Margin (%) 4.924.193.402.460.23
Net Profit Margin (%) 3.713.142.601.840.18
NP After MI And SOA Margin (%) 3.693.142.601.840.16
Return on Networth / Equity (%) 11.9411.219.695.680.36
Return on Capital Employeed (%) 21.8223.1119.9814.697.24
Return On Assets (%) 4.033.723.251.950.13
Long Term Debt / Equity (X) 0.200.150.120.130.16
Total Debt / Equity (X) 0.770.830.790.790.76
Asset Turnover Ratio (%) 1.151.261.301.010.81
Current Ratio (X) 1.141.041.091.121.16
Quick Ratio (X) 0.570.510.520.590.68
Inventory Turnover Ratio (X) 3.672.422.482.422.00
Interest Coverage Ratio (X) 2.902.722.792.401.40
Interest Coverage Ratio (Post Tax) (X) 2.001.851.831.530.78
Enterprise Value (Cr.) 3118.882389.311400.21992.68708.76
EV / Net Operating Revenue (X) 0.960.760.480.430.46
EV / EBITDA (X) 8.987.635.505.276.35
MarketCap / Net Operating Revenue (X) 0.780.570.320.210.15
Price / BV (X) 2.542.051.220.660.33
Price / Net Operating Revenue (X) 0.780.570.320.210.15
EarningsYield 0.040.050.070.080.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Pennar Industries Ltd. is a Public Limited Listed company incorporated on 08/08/1975 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L27109TG1975PLC001919 and registration number is 001919. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company's Total Operating Revenue is Rs. 2578.17 Cr. and Equity Capital is Rs. 67.47 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - CR/HR Strips2-91/14/8/PIl/10 & 11, 7th Floor, Whitefields, Kondapur, Hyderabad Telangana 500084Contact not found
Management
NamePosition Held
Mr. RVS RamakrishnaChairman & Ind.Director
Mr. Aditya RaoVice Chairman & Mng.Director
Mr. K Lavanya Kumar RaoExecutive Director
Mr. P V RaoNon Executive Director
Mr. Eric James BrownNon Executive Director
Mr. Chandrasekhar SripadaIndependent Director
Ms. Virginia SharmaIndependent Director
Mr. V S ParthasarathyIndependent Director

FAQ

What is the intrinsic value of Pennar Industries Ltd and is it undervalued?

As of 10 April 2026, Pennar Industries Ltd's intrinsic value is ₹132.68, which is 7.86% lower than the current market price of ₹144.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.6 %), book value (₹79.3), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Pennar Industries Ltd?

Pennar Industries Ltd is trading at ₹144.00 as of 10 April 2026, with a FY2026-2027 high of ₹280 and low of ₹129. The stock is currently near its 52-week low. Market cap stands at ₹1,947 Cr..

How does Pennar Industries Ltd's P/E ratio compare to its industry?

Pennar Industries Ltd has a P/E ratio of 14.6, which is below the industry average of 82.80. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Pennar Industries Ltd financially healthy?

Key indicators for Pennar Industries Ltd: ROCE of 15.9 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Pennar Industries Ltd profitable and how is the profit trend?

Pennar Industries Ltd reported a net profit of ₹119 Cr in Mar 2025 on revenue of ₹3,227 Cr. Compared to ₹42 Cr in Mar 2022, the net profit shows an improving trend.

Does Pennar Industries Ltd pay dividends?

Pennar Industries Ltd has a dividend yield of 0.00 % at the current price of ₹144.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Pennar Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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