PENIND

Pennar Industries Limited

Engineering and infrastructure fabricator of pre-engineered buildings and precision components

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

pennarindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹171.79
Market cap
2,322 Cr
Stock P/E
16.3
P/B
1.99
ROE (FY26)
11.9%
ROCE (FY26)
13.7%
Operating margin (FY26)
7.5%
Debt / equity (FY26)
0.98
OCF / EBITDA (FY26)
56.9%
OCF / EBITDA (3Y)
72.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Pennar makes engineered steel products, mainly pre-engineered buildings, boilers, hydraulics and body-in-white vehicle parts, for private-sector customers in India and the US.

Company snapshot

36thBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 67.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Custom designed building solutions & auxiliaries
60.6%
1,124 Cr110 Cr—
Diversified engineering
67.6%
1,255 Cr139 Cr—

Shares add up to 128% because segment revenues are before inter-segment eliminations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales814 Cr745 Cr823 Cr733 Cr748 Cr840 Cr906 Cr846 Cr907 Cr943 Cr925 Cr870 Cr
Operating expenses (approx.)744 Cr669 Cr758 Cr662 Cr672 Cr758 Cr815 Cr760 Cr825 Cr860 Cr820 Cr778 Cr
EBITDA70 Cr76 Cr65 Cr72 Cr75 Cr82 Cr91 Cr86 Cr81 Cr83 Cr105 Cr93 Cr
OPM %8.6%10.2%7.9%9.8%10.1%9.7%10.1%10.1%9.0%8.8%11.4%10.6%
Other income6 Cr6 Cr16 Cr7 Cr6 Cr7 Cr7 Cr8 Cr13 Cr16 Cr9 Cr14 Cr
Interest30 Cr31 Cr26 Cr27 Cr28 Cr31 Cr34 Cr35 Cr34 Cr34 Cr34 Cr36 Cr
Depreciation17 Cr18 Cr16 Cr17 Cr17 Cr17 Cr18 Cr19 Cr19 Cr22 Cr25 Cr24 Cr
Profit before tax30 Cr33 Cr39 Cr35 Cr36 Cr40 Cr47 Cr40 Cr41 Cr43 Cr55 Cr47 Cr
Tax %24.8%23.3%26.4%25.5%25.5%23.4%24.2%20.4%21.4%21.8%25.6%24.2%
Net profit22 Cr25 Cr29 Cr26 Cr27 Cr30 Cr36 Cr32 Cr32 Cr34 Cr41 Cr35 Cr
EPS (₹)₹1.67₹1.88₹2.12₹1.96₹1.99₹2.25₹2.64₹2.37₹2.39₹2.49₹3.04₹2.62

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,711 Cr1,798 Cr2,133 Cr2,107 Cr1,525 Cr2,266 Cr2,895 Cr3,131 Cr3,227 Cr3,620 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,557 Cr1,593 Cr1,960 Cr1,937 Cr1,432 Cr2,094 Cr2,673 Cr2,858 Cr2,916 Cr3,265 CrSign in free for the trailing twelve months
EBITDA154 Cr206 Cr173 Cr169 Cr93 Cr171 Cr221 Cr273 Cr310 Cr355 CrSign in free for the trailing twelve months
OPM %9.0%11.4%8.1%8.0%6.1%7.6%7.6%8.7%9.6%9.8%Sign in free for the trailing twelve months
Other income8 Cr16 Cr27 Cr20 Cr19 Cr17 Cr33 Cr40 Cr37 Cr46 CrSign in free for the trailing twelve months
Interest62 Cr67 Cr75 Cr83 Cr80 Cr78 Cr91 Cr115 Cr120 Cr138 CrSign in free for the trailing twelve months
Depreciation25 Cr29 Cr28 Cr43 Cr48 Cr54 Cr65 Cr67 Cr69 Cr84 CrSign in free for the trailing twelve months
Profit before tax75 Cr138 Cr97 Cr63 Cr4 Cr56 Cr98 Cr131 Cr158 Cr179 CrSign in free for the trailing twelve months
Tax %33.5%34.5%31.2%15.4%22.2%25.0%23.4%25.2%24.6%22.6%Sign in free for the trailing twelve months
Net profit50 Cr90 Cr67 Cr53 Cr3 Cr42 Cr75 Cr98 Cr119 Cr139 CrSign in free for the trailing twelve months
EPS (₹)₹4.14₹7.52₹4.36₹3.51₹0.18₹2.94₹5.49₹7.29₹8.84₹10.29Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital——76 Cr73 Cr71 Cr71 Cr67 Cr67 Cr67 Cr67 Cr
Reserves——591 Cr628 Cr625 Cr664 Cr711 Cr809 Cr931 Cr1,096 Cr
Borrowings——413 Cr400 Cr532 Cr588 Cr621 Cr734 Cr775 Cr1,142 Cr
Other liabilities——663 Cr753 Cr664 Cr817 Cr918 Cr1,029 Cr1,179 Cr1,246 Cr
Total liabilities——1,744 Cr1,853 Cr1,893 Cr2,141 Cr2,318 Cr2,640 Cr2,954 Cr3,551 Cr
Fixed assets (net)——441 Cr573 Cr555 Cr562 Cr628 Cr608 Cr833 Cr938 Cr
CWIP——118 Cr33 Cr61 Cr76 Cr18 Cr218 Cr53 Cr136 Cr
Investments——52 Cr80 Cr49 Cr115 Cr27 Cr22 Cr36 Cr115 Cr
Loans & advances———22 Cr8 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories——439 Cr440 Cr487 Cr643 Cr783 Cr825 Cr935 Cr1,010 Cr
Trade receivables——464 Cr396 Cr427 Cr425 Cr363 Cr495 Cr580 Cr731 Cr
Cash & bank——15 Cr39 Cr34 Cr38 Cr143 Cr90 Cr141 Cr206 Cr
Other assets——216 Cr270 Cr272 Cr283 Cr356 Cr383 Cr375 Cr416 Cr
Total assets——1,744 Cr1,853 Cr1,893 Cr2,141 Cr2,318 Cr2,640 Cr2,954 Cr3,551 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-19 Cr-2 Cr174 Cr191 Cr-44 Cr167 Cr244 Cr225 Cr256 Cr202 Cr
Cash from investing41 Cr-39 Cr-204 Cr-72 Cr-4 Cr-71 Cr-28 Cr-257 Cr-105 Cr-349 Cr
Cash from financing-21 Cr16 Cr13 Cr-95 Cr43 Cr-92 Cr-113 Cr-22 Cr-100 Cr211 Cr
Net cash flow1 Cr-26 Cr-18 Cr24 Cr-5 Cr4 Cr105 Cr-53 Cr52 Cr64 Cr
Free cash flow (OCF − Capex)-73 Cr-104 Cr-54 Cr99 Cr-98 Cr110 Cr173 Cr-22 Cr130 Cr-126 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——15.9%13.3%6.8%10.1%13.5%15.3%15.7%13.7%
ROE %——10.0%7.6%0.4%5.7%9.7%11.2%11.9%11.9%
Debtor days——79691026846586574
Inventory days——125136191180161155175175
Days payable——128148174153120148164156
Cash conversion cycle——76571199687647693
OCF / EBITDA %-12.4%-1.2%100.3%112.9%-47.8%97.7%110.4%82.3%82.5%56.9%
OCF / EBITDA % (3 years)——28.5%66.1%73.6%72.5%75.6%95.6%90.1%72.8%
Debt / equity——0.620.570.760.800.800.840.780.98
Current ratio——1.221.131.161.121.091.041.141.13
Net debt / EBITDA0.000.002.302.135.373.212.162.362.042.64
Pennar Industries Limited (PENIND) Financials | BullKarma