Pennar Industries
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Pennar Industries has allotted 30 lakh convertible equity warrants to its promoter entity Pennar Holdings Private Limited at ₹168 each, raising ₹12.6 crore in upfront subscription, the company said on Thursday. The warrants, approved by the allotment committee after shareholder and exchange nods, are convertible into equity shares over 18 months. Separately, promoter and vice-chairman Aditya Rao pledged 31.73 lakh shares—or about 2.35% of the company's total equity—to Bajaj Finance for personal borrowing. The pledge brings the total promoter group encumbrance to 46.73 lakh shares, or 3.46% of the company.
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Pennar Industries has allotted 30 lakh convertible equity warrants to its promoter entity Pennar Holdings Private Limited at ₹168 each, raising ₹12.6 crore in upfront subscription, the company said on Thursday. The warrants, approved by the allotment committee after shareholder and exchange nods, are convertible into equity shares over 18 months. Separately, promoter and vice-chairman Aditya Rao pledged 31.73 lakh shares—or about 2.35% of the company's total equity—to Bajaj Finance for personal borrowing. The pledge brings the total promoter group encumbrance to 46.73 lakh shares, or 3.46% of the company.
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Pennar Industries has secured in-principle approval from the National Stock Exchange and BSE to issue up to 30 lakh convertible equity warrants to its promoters on a preferential basis, according to a stock exchange filing on Friday. The warrants, each convertible into one equity share of Rs 5, are priced at a floor of Rs 168 per warrant, implying a total potential inflow of Rs 50.4 crore. The allotment is subject to compliance with SEBI regulations and further approvals. The move allows the company to raise capital while promoters retain the option to convert later, reinforcing their long-term commitment.
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Pennar Industries has secured in-principle approval from the National Stock Exchange and BSE to issue up to 30 lakh convertible equity warrants to its promoters on a preferential basis, according to a stock exchange filing on Friday. The warrants, each convertible into one equity share of Rs 5, are priced at a floor of Rs 168 per warrant, implying a total potential inflow of Rs 50.4 crore. The allotment is subject to compliance with SEBI regulations and further approvals. The move allows the company to raise capital while promoters retain the option to convert later, reinforcing their long-term commitment.
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April 10 (Reuters) - Pennar Industries Ltd PENN.NS:
TO ISSUE CONVERTIBLE WARRANTS AGGREGATING TO 504 MILLION RUPEES TO PENNAR HOLDINGS
Source text: ID:nBSEwG28Y
Further company coverage: PENN.NS
(([email protected];))
April 10 (Reuters) - Pennar Industries Ltd PENN.NS:
TO ISSUE CONVERTIBLE WARRANTS AGGREGATING TO 504 MILLION RUPEES TO PENNAR HOLDINGS
Source text: ID:nBSEwG28Y
Further company coverage: PENN.NS
(([email protected];))
April 7 (Reuters) - Pennar Industries Ltd PENN.NS:
TO CONSIDER ISSUE OF EQUITY SHARES AND/OR CONVERTIBLE SECURITIES ON PREFERENTIAL BASIS ON APRIL 10, 2026
Source text: ID:nBSEc0HX0y
Further company coverage: PENN.NS
(([email protected];))
April 7 (Reuters) - Pennar Industries Ltd PENN.NS:
TO CONSIDER ISSUE OF EQUITY SHARES AND/OR CONVERTIBLE SECURITIES ON PREFERENTIAL BASIS ON APRIL 10, 2026
Source text: ID:nBSEc0HX0y
Further company coverage: PENN.NS
(([email protected];))
** Shares of Pennar Industries PENN.NS jump 14.4% to 164.73 rupees
** Stock set for biggest one-day jump since June 2024
** Precision engineering products maker's Q3 consol net profit rose 19.9% y/y, revenue increased 12.8%
** Trading vols at 2.4 mln shares, 4.7x the 30-day average
** PENN gained 55.2% in 2024
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Pennar Industries PENN.NS jump 14.4% to 164.73 rupees
** Stock set for biggest one-day jump since June 2024
** Precision engineering products maker's Q3 consol net profit rose 19.9% y/y, revenue increased 12.8%
** Trading vols at 2.4 mln shares, 4.7x the 30-day average
** PENN gained 55.2% in 2024
(Reporting by Vijay Malkar)
(([email protected];))
Feb 14 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 304.5 MILLION RUPEES
PENNAR INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.4 BILLION RUPEES
Source text: ID:nBSE6B2K6K
Further company coverage: PENN.NS
(([email protected];;))
Feb 14 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 304.5 MILLION RUPEES
PENNAR INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.4 BILLION RUPEES
Source text: ID:nBSE6B2K6K
Further company coverage: PENN.NS
(([email protected];;))
** Pennar Industries PENN.NS gains 3.8% to 222.64 rupees; set to rise for fourth straight week
** Engineering co to form joint venture with Zetwerk Manufacturing Businesses for solar modules and cells
** PENN to hold 45% stake in JV, Zetwerk 50.1%; remaining 4.9% will be held by others
** Co did not disclose any other details of the deal
** PENN up ~79% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Pennar Industries PENN.NS gains 3.8% to 222.64 rupees; set to rise for fourth straight week
** Engineering co to form joint venture with Zetwerk Manufacturing Businesses for solar modules and cells
** PENN to hold 45% stake in JV, Zetwerk 50.1%; remaining 4.9% will be held by others
** Co did not disclose any other details of the deal
** PENN up ~79% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Dec 12 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES - TO ENTER INTO JV TO MANUFACTURE, SALE OF SOLAR MODULES, CELLS
PENNAR INDUSTRIES LTD - JV AGREEMENT WITH ZETWERK MANUFACTURING BUSINESSES
Source text: ID:nBSEH0Gtd
Further company coverage: PENN.NS
(([email protected];))
Dec 12 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES - TO ENTER INTO JV TO MANUFACTURE, SALE OF SOLAR MODULES, CELLS
PENNAR INDUSTRIES LTD - JV AGREEMENT WITH ZETWERK MANUFACTURING BUSINESSES
Source text: ID:nBSEH0Gtd
Further company coverage: PENN.NS
(([email protected];))
** Shares of Pennar Industries PENN.NS rise 2.7% to 224.50 rupees
** The engineering co says it will consider entering into joint venture to expand business on Dec 12
** Stock on track to gain for fourth straight week, if current trend holds
** PENN up ~80% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Pennar Industries PENN.NS rise 2.7% to 224.50 rupees
** The engineering co says it will consider entering into joint venture to expand business on Dec 12
** Stock on track to gain for fourth straight week, if current trend holds
** PENN up ~80% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Dec 9 (Reuters) - Pennar Industries Ltd PENN.NS:
TO CONSIDER ENTERING INTO JV TO EXPAND CO'S BUSINESS
Source text: ID:nBSE8bvJs2
Further company coverage: PENN.NS
(([email protected];;))
Dec 9 (Reuters) - Pennar Industries Ltd PENN.NS:
TO CONSIDER ENTERING INTO JV TO EXPAND CO'S BUSINESS
Source text: ID:nBSE8bvJs2
Further company coverage: PENN.NS
(([email protected];;))
Nov 12 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 268.5 MILLION RUPEES
PENNAR INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.48 BILLION RUPEES
Source text: ID:nNSE2rJZsG
Further company coverage: PENN.NS
(([email protected];))
Nov 12 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 268.5 MILLION RUPEES
PENNAR INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.48 BILLION RUPEES
Source text: ID:nNSE2rJZsG
Further company coverage: PENN.NS
(([email protected];))
** Shares of Pennar Industries PENN.NS rise as much as 3.2% to 184.83 rupees; last up 1.5%
** Steel strips and precision tubes maker posts a 21% rise in June-qtr consol net profit
** PENN down ~6% so far in August, had gained 15% in July for fourth straight month of gains
** Stock up ~47% YTD, had jumped ~120% in 2023 for third straight year of gains
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Pennar Industries PENN.NS rise as much as 3.2% to 184.83 rupees; last up 1.5%
** Steel strips and precision tubes maker posts a 21% rise in June-qtr consol net profit
** PENN down ~6% so far in August, had gained 15% in July for fourth straight month of gains
** Stock up ~47% YTD, had jumped ~120% in 2023 for third straight year of gains
(Reporting by Dimpal Gulwani in Bengaluru)
Aug 12 (Reuters) - Pennar Industries Ltd PENN.NS:
JUNE-QUARTER CONSOL NET PROFIT 264 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.33 BILLION RUPEES
Source text for Eikon: ID:nBSE4KvqTN
Further company coverage: PENN.NS
(([email protected];))
Aug 12 (Reuters) - Pennar Industries Ltd PENN.NS:
JUNE-QUARTER CONSOL NET PROFIT 264 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.33 BILLION RUPEES
Source text for Eikon: ID:nBSE4KvqTN
Further company coverage: PENN.NS
(([email protected];))
** Shares of Pennar Industries PENN.NS rose as much as 10.3% to a record 191.7 rupees
** Last up 5.5%; on track to climb in third straight session if trend holds
** Engineering firm says it is establishing new manufacturing plant in India's Uttar Pradesh state with production capacity of 36,000 MT per annum
** PENN up ~47% YTD, rivals NBCC (India) NBCC.NS and Engineers India ENGI.NS up ~96% and ~53%
(Reporting by Varun Vyas in Bengaluru)
** Shares of Pennar Industries PENN.NS rose as much as 10.3% to a record 191.7 rupees
** Last up 5.5%; on track to climb in third straight session if trend holds
** Engineering firm says it is establishing new manufacturing plant in India's Uttar Pradesh state with production capacity of 36,000 MT per annum
** PENN up ~47% YTD, rivals NBCC (India) NBCC.NS and Engineers India ENGI.NS up ~96% and ~53%
(Reporting by Varun Vyas in Bengaluru)
July 1 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES - CO ESTABLISHING NEW MANUFACTURING PLANT AT RAEBARELI, UTTAR PRADESH
Source text for Eikon: ID:nBSE8Gr4qT
Further company coverage: PENN.NS
(([email protected];))
July 1 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES - CO ESTABLISHING NEW MANUFACTURING PLANT AT RAEBARELI, UTTAR PRADESH
Source text for Eikon: ID:nBSE8Gr4qT
Further company coverage: PENN.NS
(([email protected];))
Nov 16 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES LTD - GETS ORDER WORTH 6.69 BILLION RUPEES
Source text for Eikon: ID:nBSEnXpjr
Further company coverage: PENN.NS
(([email protected];))
Nov 16 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES LTD - GETS ORDER WORTH 6.69 BILLION RUPEES
Source text for Eikon: ID:nBSEnXpjr
Further company coverage: PENN.NS
(([email protected];))
Nov 9 (Reuters) - Pennar Industries Ltd PENN.NS:
SEPT-QUARTER CONSOL NET PROFIT 225.3 MILLION RUPEES VERSUS 166.7 MILLION RUPEES YEAR AGO
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.14 BILLION RUPEES VERSUS 8.34 BILLION RUPEES YEAR AGO
Further company coverage: PENN.NS
(([email protected];))
Nov 9 (Reuters) - Pennar Industries Ltd PENN.NS:
SEPT-QUARTER CONSOL NET PROFIT 225.3 MILLION RUPEES VERSUS 166.7 MILLION RUPEES YEAR AGO
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.14 BILLION RUPEES VERSUS 8.34 BILLION RUPEES YEAR AGO
Further company coverage: PENN.NS
(([email protected];))
** Shares of Pennar Industries PENN.NS rise as much as 11.19% to a record high of 96.35 rupees
** Engineering firm secures multiple orders worth 7.02 bln rupees across its various business verticals
** Stock most active since Oct. 14, 2022, with a trading volume of 6.54 mln shares as of 10:33 a.m. IST - Refinitiv
** Stock's relative strength index rises above 70 on Wednesday, suggesting it may be overbought
** Including day's gains, PENN up 37.15% in 2023 so far
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Pennar Industries PENN.NS rise as much as 11.19% to a record high of 96.35 rupees
** Engineering firm secures multiple orders worth 7.02 bln rupees across its various business verticals
** Stock most active since Oct. 14, 2022, with a trading volume of 6.54 mln shares as of 10:33 a.m. IST - Refinitiv
** Stock's relative strength index rises above 70 on Wednesday, suggesting it may be overbought
** Including day's gains, PENN up 37.15% in 2023 so far
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Aug 14 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES LTD - BAGS ORDERS WORTH 7.02 BILLION RUPEES
Source text for Eikon: ID:nBSE89MXT8
Further company coverage: PENN.NS
(([email protected];))
Aug 14 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES LTD - BAGS ORDERS WORTH 7.02 BILLION RUPEES
Source text for Eikon: ID:nBSE89MXT8
Further company coverage: PENN.NS
(([email protected];))
May 24 (Reuters) - Pennar Industries Ltd PENN.NS:
CFO J S KRISHNA PRASAD RESIGNS
MARCH-QUARTER CONSOL NET PROFIT 233.4 MILLION RUPEES VERSUS PROFIT 165.4 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.68 BILLION RUPEES VERSUS 6.93 BILLION RUPEES
Source text for Eikon: ID:nBSE5SfmBp
Further company coverage: PENN.NS
(([email protected];))
May 24 (Reuters) - Pennar Industries Ltd PENN.NS:
CFO J S KRISHNA PRASAD RESIGNS
MARCH-QUARTER CONSOL NET PROFIT 233.4 MILLION RUPEES VERSUS PROFIT 165.4 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.68 BILLION RUPEES VERSUS 6.93 BILLION RUPEES
Source text for Eikon: ID:nBSE5SfmBp
Further company coverage: PENN.NS
(([email protected];))
May 8 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES LTD - PENNAR INDUSTRIES BAGS ORDERS WORTH 6.82 BILLION RUPEES
Source text for Eikon: ID:nBSEKrgkY
Further company coverage: PENN.NS
(([email protected];))
May 8 (Reuters) - Pennar Industries Ltd PENN.NS:
PENNAR INDUSTRIES LTD - PENNAR INDUSTRIES BAGS ORDERS WORTH 6.82 BILLION RUPEES
Source text for Eikon: ID:nBSEKrgkY
Further company coverage: PENN.NS
(([email protected];))
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What does Pennar Industries do?
Pennar Industries Limited is a manufacturing company specializing in a wide range of products including cold rolled steel strips, precision tubes, railway components, pre-engineered steel buildings, water treatment plants, and more.
Who are the competitors of Pennar Industries?
Pennar Industries major competitors are Bansal Roofing Prod., Interarch Building, Sika Interplant Sys, Krishna Defence & Al, Thejo Engineering, Modern Insulators, HLE Glascoat. Market Cap of Pennar Industries is ₹2,176 Crs. While the median market cap of its peers are ₹2,316 Crs.
Is Pennar Industries financially stable compared to its competitors?
Pennar Industries seems to be less financially stable compared to its competitors. Altman Z score of Pennar Industries is 2.31 and is ranked 8 out of its 8 competitors.
Does Pennar Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Pennar Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Pennar Industries allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory
How strong is Pennar Industries balance sheet?
Balance sheet of Pennar Industries is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Pennar Industries improving?
Yes, profit is increasing. The profit of Pennar Industries is ₹139 Crs for TTM, ₹119 Crs for Mar 2025 and ₹98.34 Crs for Mar 2024.
Is the debt of Pennar Industries increasing or decreasing?
Yes, The net debt of Pennar Industries is increasing. Latest net debt of Pennar Industries is ₹872 Crs as of Mar-26. This is greater than Mar-25 when it was ₹396 Crs.
Is Pennar Industries stock expensive?
Pennar Industries is not expensive. Latest PE of Pennar Industries is 16.06, while 3 year average PE is 18.08. Also latest EV/EBITDA of Pennar Industries is 8.73 while 3yr average is 8.78.
Has the share price of Pennar Industries grown faster than its competition?
Pennar Industries has given lower returns compared to its competitors. Pennar Industries has grown at ~-38.91% over the last 1yrs while peers have grown at a median rate of -7.1%
Is the promoter bullish about Pennar Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Pennar Industries is 39.67% and last quarter promoter holding is 39.67%.
Are mutual funds buying/selling Pennar Industries?
The mutual fund holding of Pennar Industries is increasing. The current mutual fund holding in Pennar Industries is 4.5% while previous quarter holding is 1.21%.