Arthneeti

Pennar Industries Q1 FY27 Share Price & Earnings Call Analysis

₹158.24+1.97% today
Market cap
₹2,141 Cr
P/E
15.05
ROE
12.39%
PEG
0.72
Price to sales
0.60
Debt to equity
1.00
52W high / low
₹276 / ₹131
Sales growth (5Y)
18.87%
EBITDA margin
9.93%
Net profit margin
3.70%
Promoter holding
39.92%
Sales (last year)
₹3,645 Cr

Pennar Industries Limited is a multi-location, multi-product company manufacturing precision engineering products, Pre-Engineered Building Systems and Hydraulics and Warehousing solutions. [1]

Guidance scorecard · Q1 FY27 call

What Pennar Industries Ltd's management guided
and where it ranks in Industrial Manufacturing

#37of 56 in
Industrial Manufacturing
Revenue10–20%MarginsUp 2%+CapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

10–20%
  • Expect strong double-digit sequential growth in revenue and profitability from Q1 to Q2 FY27, continuing into Q3 and Q4.
  • Large order backlog (~INR1,008 crores in PEB India and $100 million in PEB U.S.) supports sustained medium-term high growth.
  • Growth driven by prioritized business units: PEB India, PEB U.S., boilers, BIW, and Engineering Services.
  • Legacy businesses (steel, railways) showing some decline, but expected to stabilize with value realization; these do not hamper overall growth.
  • New capacity additions, such as the commissioned BIW plant for Hyundai, will double revenue in that segment in the near term.

2 more points from Pennar Industries Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 2%+

See what Pennar Industries Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Capex has been deployed to increase capacity across various revenue streams, including commissioning a new BIW (Body-in-White) plant which will double the plant's capacity soon.
  • The company is scaling up order backlog and production capacity, requiring increased engineering and production manpower.
  • No material capex planned for aerospace and defense or legacy businesses; these remain stable and profitable.

2 more points from Pennar Industries Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Pennar Industries Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • PEB India: Order book at INR 1,008 crores.
  • PEB U.S. (Ascent): Crossed USD 100 million in order backlog.
  • Boiler segment: Order book at INR 150 crores.
  • BIW (Body-in-White): No formal order book measurement, but Hyundai plant commissioning expected to double revenue from scheduled orders over the next three months.
  • Hydraulics: Order backlog at INR 30 crores with some demand uncertainties due to tariffs.

2 more points from Pennar Industries Ltd's call on the order book

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Full Q1 FY27 analysis
Full Industrial Manufacturing ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Manufacturing
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Pennar Industries Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Manufacturing companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹1,207 Cr111.0
240%+Up 0–2%₹549 Cr33.8
340%+Flat₹8,076 Cr94.4
440%+Flat₹3,732 Cr81.2
540%+Flat₹2,580 Cr61.2
640%+Flat₹743 Cr43.6

Sign up free to see every company in the sector ranking and track Pennar Industries Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing ranking

Financials of Pennar Industries Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Pennar Industries Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +668749814745823733748840906846907943925
Expenses +600687744669758662672768814760825860820
Operating Profit686270766572757292868183105
OPM %10%8%9%10%8%10%10%9%10%10%9%9%11%
Other Income +212661676167813169
Interest23283031262728313435343434
Depreciation17161718161717171819192225
Profit before tax31293033393536404840414355
Tax %22%26%25%23%26%25%25%23%24%20%21%22%26%
Net Profit +24222225292627303632323441
EPS in Rs1.731.621.671.882.121.961.992.262.642.372.392.493.04

Financials of Pennar Industries Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,3131,3561,5411,7682,1332,1071,5252,2662,8953,1313,2273,620
Expenses +1,1951,2081,3871,5621,9591,9371,4322,0942,6732,8582,9163,265
Operating Profit11814815420617516993171221273310355
OPM %9%11%10%12%8%8%6%8%8%9%10%10%
Other Income +338292520391733403746
Interest363862677583807891115120138
Depreciation181925292843485465666984
Profit before tax679475138976345698131158180
Tax %35%38%33%34%31%15%22%25%23%25%25%23%
Net Profit +4358509067533427598119139
EPS in Rs2.983.642.877.435.523.650.182.945.597.298.8410.29
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Pennar Industries Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital606060767673717167676767
Reserves3424544165285916286256647118099311,096
Borrowings +1982672993554454906186466857858121,162
Other Liabilities +3326447095536316635797608559781,1431,226
Total Liabilities9311,4251,4841,5121,7441,8531,8932,1412,3182,6402,9533,551
Fixed Assets +2824644413424546266036447216979471,111
CWIP3312271183361761821853136
Investments263335695245184527221227
Other Assets +6209259961,0731,1201,1491,2111,3761,5521,7041,9412,277
Total Assets9311,4251,4841,5121,7441,8531,8932,1412,3182,6402,9533,551

Financials of Pennar Industries Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +30205-19-2174191-43195244225256
Cash from Investing Activity +-30-26841-39-204-72-6-98-26-256-104
Cash from Financing Activity +-4115-211613-9543-92-113-22-100
Net Cash Flow-3511-26-1824-54105-5352
Free Cash Flow047-72-103-5299-95138173-22130
CFO/OP36%149%12%14%120%124%-43%120%116%95%95%

Financials of Pennar Industries Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days94103828379691026846586674
Inventory Days88116157147122128193167159155178176
Days Payable85196173125125139176142118149167157
Cash Conversion Cycle98246610476571209486647793
Working Capital Days5282346193232-9-114-1
ROCE %17%18%16%21%17%13%5%10%13%16%16%15%

Guidance history

How Pennar Industries Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 2%+PlannedPlannedRising
Q4 FY26 call →20–40%FlatPlannedPlannedRising
Q3 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →20–40%Up 0–2%PlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

16out of 100

Momentum score · price trend

16 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−39.5%12%
Last 6 months−5.6%44%
Last 3 months−5.0%53%

The price is 42.7% below its all-time high of ₹276.25 (7 Nov 2025). Stocks more than 20% below their peak have their score halved, so 33 became 16.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Pennar Industries Ltd: 0.4 × 12 + 0.4 × 44 + 0.2 × 53 = 33, halved to 16 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Pennar Industries Ltd's management said in earlier quarters

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