Pennar Industries Limited
NSE: PENINDINE932A01024·Capital Goods·Mcap ₹2,610 Cr·Listed 2010
₹184.90▲ ₹6.15  (3.44%)
52W: ₹129 – ₹280 · Vol: 13.0L shares · Close 25 Sept
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Annual report FY26 — 14.69 MB · Shareholding pattern — Jun 2026 · All filings
AI equity note (bull/bear, numbers, sources) — coming soon
Management guidance consistency — coming soon

Latest filings

NSE announcements · newest first
Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Trading window25 Sept 2026 PDF
Copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has informed the Exchange regarding voting results.
Voting result24 Sept 2026 PDF
Proceedings of Annual General Meeting held on September 24, 2026
AGM / EGM24 Sept 2026 PDF
All filings →
P/E (TTM)
17.5×
EPS ₹10.54
P / Book
2.15×
BVPS ₹86
ROE
12.8%
FY26, avg equity
Net margin
3.8%
FY26
Revenue YoY
+2.9%
Q1 FY27
Net profit YoY
+10.8%
Q1 FY27
Debt / equity
0.98×
₹1,142 Cr debt
Div. yield
–
no dividend in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoters
39.7%—
FIIs
4.0%▼ 0.05
DIIs
5.9%▲ 0.62
Retail
39.2%▼ 0.11
Others
11.2%▼ 0.46
Promoter pledge: none reported
Peer Comparison
CompanyP/EP/BROEMargin
EPACKPEB₹2,464.89L Cr2600488.1×335575.57×12.6%6.1%
ANUP₹3,359 Cr30.3×4.86×16.9%13.4%
HLEGLAS₹3,064 Cr52.3×5.74×11.4%4.2%
KABRAEXTRU₹2,960 Cr5833.9×6.70×-1.2%-1.2%
WINDMACHIN₹2,651 Cr394.4×5.37×0.1%0.1%
PENIND₹2,495 Cr17.5×2.15×12.8%3.8%
Industrial Products: the companies closest in market value, of the 57 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags1 Watch
Results were filed late in 1 of the last 8 quarters
Slowest filing came 60 days after the period end.
Free cash flow was negative in 2 of the last 5 years
Operating cash flow less capital expenditure, as filed.
Debt to equity is 0.98×
As at 2026-03-31; it was 0.80× at 2023-03-31.
Profit before interest and tax covers finance costs 2.3×
FY26.
Other income is 26% of profit before tax
FY26.
9 checks within their thresholds
Operating cash flow was 2.31× net profit
Cumulative over FY22–FY26 (5 years).
Receivables grew 26% against revenue growth of 12%
FY26: debtor days moved from 66 to 74.
Inventory grew 8% against revenue growth of 12%
FY26: inventory days moved from 106 to 102.
Exceptional items above 5% of pre-tax profit in 0 of the last 5 years
FY22–FY26.
Effective tax rate averaged 24%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
Share count changed +0.0% in three years, net of bonuses and splits
From 2023-03-31 to 2026-03-31. Shares issued for mergers, placements, conversions and stock options all count.
Promoter holding is 39.67%, +0.01 points over a year
2026-06-30 against 2025-06-30.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice.
Formula Scores
Piotroski F-score: 7 of 9 · FY to 2026-03-31
one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
  • ✓ Return on assets positive: 4.7 — profit after tax over the year's opening total assets, %
  • ✓ Operating cash flow positive: 202.1 — ₹ crore
  • ✓ Cash flow above profit (accruals): 63.3 — operating cash flow less profit after tax, ₹ crore
  • ✓ Return on assets improved: 0.17 — change in ROA, percentage points
  • ✗ Long-term borrowings to assets fell: 2.24 — change in long-term borrowings over total assets, percentage points
  • ✗ Current ratio improved: -0 — change in current assets over current liabilities
  • ✓ No new shares issued: 0 — change in share capital, %
  • ✓ Gross margin improved: 2.31 — revenue less material cost over revenue, change in percentage points
  • ✓ Asset turnover improved: 0.003 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹139 Cr (2026-03-31) · profit after tax ₹119 Cr (2025-03-31) · total assets ₹3,551 Cr (2026-03-31) · total assets ₹2,954 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 2.49 · FY to 2026-03-31
Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
  • working capital / total assets: 0.074 × 1.2
  • retained earnings / total assets: 0.309 × 1.4 — reserves and surplus as retained earnings
  • EBIT / total assets: 0.089 × 3.3 — profit before tax plus finance cost
  • market value of equity / total liabilities: 1.093 × 0.6 — market capitalisation over total assets less equity
  • sales / total assets: 1.02 × 1
Inputs: total assets ₹3,551 Cr (2026-03-31) · current assets ₹2,244 Cr (2026-03-31) · current liabilities ₹1,983 Cr (2026-03-31) · reserves ₹1,096 Cr (2026-03-31) · total equity ₹1,163 Cr (2026-03-31) · profit before tax ₹180 Cr (2026-03-31) · finance cost ₹138 Cr (2026-03-31) · revenue ₹3,620 Cr (2026-03-31) · market capitalisation (today) ₹2,610 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 141.27 ₹ per share · FY to 2026-03-31
√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
  • earnings per share: 10.29
  • book value per share: 86.2 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 10.29 (2026-03-31) · owners' equity ₹1,163 Cr (2026-03-31) · paid-up capital ₹67 Cr (2026-03-31) · face value 5 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: -1.95 % of assets · FY to 2026-03-31
(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹139 Cr (2026-03-31) · operating cash flow ₹202 Cr (2026-03-31) · total assets ₹3,551 Cr (2026-03-31) · total assets ₹2,954 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.