PAVNAIND
Pavna Industries financials
- Market cap
- ₹208 Cr
What Pavna Industries Limited does
Pavna Industries manufactures a diversified range of automotive components — steering-cum-ignition switches, fuel tank caps, latches, auto locks, handles, fuel cocks and pumps, chain tensioners, carburettors, throttle bodies and casting components — supplied to OEMs across two-wheeler, three-wheeler, four-wheeler, commercial and off-road vehicle segments, including EV applications. It also sells aftermarket parts such as filters, clutch plates, bearings, wiper blades and brake shoes. The company operates through a mix of in-house manufacturing and subsidiaries/joint ventures for specific product lines (e.g. electro-mechanical switches, chain tensioners, oil/fuel pumps), and is transitioning its portfolio away from a legacy casting business toward higher-value proprietary products.
Segments
- Proprietary business
- Casting business
- Aftermarket
- Manufacturing facilities
- 9 units across 4 locations (Aligarh UP, Aurangabad Maharashtra, Pantnagar Uttarakhand, Hosur Tamil Nadu - upcoming)
- Installed capacity
- 50 lakh locks p.a. and 4,500 tonnes p.a.
- Distribution network
- 17 states across India
- Export markets
- Italy, Sri Lanka, Indonesia, Sudan, Taiwan, Nepal and Bangladesh
- Subsidiaries
- 4 (Pavna Auto Engineering, Swapnil Switches, Pavna Sunworld Autotech, Pavna Marketing)
- Technical alliances
- Indo-Taiwan JV with Sunworld Moto Industrial Co. Ltd.; technical alliance with Farma SRL
Quarterly results
Q1 FY27: revenue up 50.7%, net profit up 175.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80 | 76 | 65 | 58 | 72 −10% | 76 −0% | 78 +20% | 88 +51% |
| EBITDA | 10 | 6 | 6 | 5 | 7 −34% | 5 −19% | 6 −2% | 7 +35% |
| Net profit | 3 | 1 | 1 | -1 | 2 −39% | 1 −4% | 2 +13% | 1 +175% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −64.0% 1Y
1Y: ₹41.32 on 29 Aug 2025 → ₹14.88. High ₹41.32 (29 Aug 2025), low ₹14.88 (11 Sept 2026).
Financials, as filed
Revenue fell 5.7% a year over 3 years, FY23 to FY26. Operating margin held at 8.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹339 Cr | ₹283 Cr | ₹298 Cr | ₹284 Cr |
| Operating profit | ₹28 Cr | ₹28 Cr | ₹30 Cr | ₹23 Cr |
| Operating margin | 8.1% | 10.1% | 10.2% | 8.0% |
| Interest | ₹10 Cr | ₹9 Cr | ₹9 Cr | ₹5 Cr |
| Depreciation | ₹11 Cr | ₹9 Cr | ₹12 Cr | ₹12 Cr |
| Net profit | ₹6 Cr | ₹8 Cr | ₹8 Cr | ₹3 Cr |
| Net margin | 1.7% | 2.8% | 2.7% | 1.2% |
| Cash from operations | ₹14 Cr | ₹0 Cr | ₹-1 Cr | ₹-13 Cr |
| Free cash flow | ₹-4 Cr | ₹-18 Cr | ₹-28 Cr | ₹-43 Cr |
| ROCE | 13.0% | 12.0% | 10.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹12 Cr | ₹12 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹40 Cr | ₹45 Cr | ₹45 Cr | ₹53 Cr | ₹185 Cr | ₹182 Cr |
| Borrowings | ₹45 Cr | ₹75 Cr | ₹88 Cr | ₹111 Cr | ₹70 Cr | ₹101 Cr |
| Other liabilities | ₹34 Cr | ₹42 Cr | ₹51 Cr | ₹43 Cr | ₹57 Cr | ₹35 Cr |
| Total liabilities | ₹125 Cr | ₹168 Cr | ₹197 Cr | ₹219 Cr | ₹326 Cr | ₹333 Cr |
| Fixed assets | ₹46 Cr | ₹46 Cr | ₹57 Cr | ₹67 Cr | ₹115 Cr | ₹121 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr |
| Investments | ₹10 Cr | ₹12 Cr | ₹12 Cr | ₹10 Cr | ₹19 Cr | ₹10 Cr |
| Other assets | ₹69 Cr | ₹110 Cr | ₹127 Cr | ₹143 Cr | ₹193 Cr | ₹198 Cr |
| Total assets | ₹125 Cr | ₹168 Cr | ₹197 Cr | ₹219 Cr | ₹326 Cr | ₹333 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −1.58 pp while the public added +1.57 pp. The shareholder count grew 129% to 12,021.
- Promoters
- 61.5%
- FIIs
- 4.8%
- Public
- 33.7%
Since Jun 2025
- FIIs −1.58 pp
- Public +1.57 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 70.5% to 61.5% — −8.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 70.5%, Public 29.6%.Dec '23: Promoters 70.5%, Public 29.6%.Mar '24: Promoters 70.5%, Public 29.6%.Jun '24: Promoters 70.5%, Public 29.6%.Sep '24: Promoters 70.5%, FIIs 0.0%, Public 29.5%.Dec '24: Promoters 70.5%, FIIs 0.1%, Public 29.4%.Mar '25: Promoters 61.5%, FIIs 6.2%, Public 32.3%.Jun '25: Promoters 61.5%, FIIs 6.4%, Public 32.1%.Sep '25: Promoters 61.5%, FIIs 6.1%, Public 32.4%.Dec '25: Promoters 61.5%, FIIs 5.7%, Public 32.8%.Mar '26: Promoters 61.5%, FIIs 5.1%, Public 33.4%.Jun '26: Promoters 61.5%, FIIs 4.8%, Public 33.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Saumik Ketankumar Doshi +0.25 pp 1.76% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Pavna Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Asha Jain | 41.73% | unchanged |
| Swapnil Jain | 9.72% | unchanged |
| PJ Wealth Management and Consultant Private Limited | 7.15% | unchanged |
| Kavish Kalra | 4.48% | unchanged |
| Forbes EMF FPI fund | 3.58% | unchanged |
| Palak Jain | 2.97% | unchanged |
| Priya Jain | 2.90% | unchanged |
| Keya Vimal Salot | 2.45% | unchanged |
| Saumik Ketankumar Doshi | 1.76% | +0.25 pp |
| Aryaman Capital Markets Limited Corporate | 1.34% | unchanged |
| Pawan Jain (Huf) | 0.01% | unchanged |
| Pavna Foundation | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Pavna Industries Limited
Guides on how to read this kind of business and the numbers that matter.