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    Pennar Industries Limited

    Makes pre-engineered buildings, tubes, hydraulics, boilers & BIW parts for infra, auto, rail, energy.

    Capital Goods
    Industrials
    View PENIND earnings calls
    ₹167.5
    +3.31% from avg

    Overview

    Price

    ₹167.5

    Market Cap

    ₹2.2k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital7371716767676767
    Reserves6286256647118099311.0k1.1k
    Borrowings4906186466857858129931.2k
    Other Liabilities6635797608559781.1k1.3k1.2k
    Total Liabilities1.9k1.9k2.1k2.3k2.6k3.0k3.3k3.6k
    AssetsFixed Assets6266036447216979471.0k1.1k
    CWIP3361761821853125136
    Investments4518452722121527
    Other Assets1.1k1.2k1.4k1.6k1.7k1.9k2.1k2.3k
    Total Assets1.9k1.9k2.1k2.3k2.6k3.0k3.3k3.6k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating174191-43195244225256202
    Cash from Investing-204-72-6-98-26-256-104-349
    Cash from Financing13-9543-92-113-22-100211
    SummaryCapital Expenditure
    Free Cash Flow-5299-95138173-22130-126
    FCF Margin

    Valuation

    Assumptions

    Current — PENIND
    Price
    ₹168
    EPS (TTM)
    ₹10.29
    PE (TTM)
    16.3
    Profit growth
    22.8%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (20.7×) and current (16.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹168
    vs
    Fair value · 15% return
    ₹210
    25%Undervalued

    At 22.8% growth and a 16× exit, ₹168 only delivers your return if you pay ₹210. The price is currently baking in 18% growth.

    EPS grows 22.8%/yr for 5 years, then fades to 6% over 2, exits at 16×.

    YearGrowthEPS (₹)
    FY2722.8%12.64
    FY2822.8%15.52
    FY2922.8%19.06
    FY3022.8%23.40
    FY3122.8%28.73
    FY3214.4% ·fade32.87
    FY336.0% ·fade34.84

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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