PENNAR INDUSTRIES LTD.

Trendlyne Stock Report

Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

₹114.8 (6.0% ) 52 Week High Low

40 118.1
114.8
Market Cap: 15.5B Avg Daily Volume: 2.0M
NSE | Aug 28, 2023 10:22 AM

DVM SUMMARY

Strong Performer D V M

These stock companies have strong financials and are affordably priced. They also score high in quality and technical aspects which makes them a favourite amongst investors.

Momentum Score
Durability Score (D) High Financial Strength Valuation Score (V) Affordable Valuation (M) Technically Moderately Bullish

Bad Medium Good Bad Medium Good Bad Medium Good

80 63 70
0 35 55 100 0 30 50 100 0 35 60 100

ANALYST RECOMMENDATION TRENDLYNE CHECKLIST

Consensus Recommendation Target Price

STRONG BUY 111 (-3.31%) 73.9% Passed in checklist
Financials 6 2
1

Total : 1 Ownership 2 2
Strong Buy Buy Hold Sell Strong Sell

Peer Comparison 3
Current
Price
Value & Momentum 6 2
114.8
Total 17 6
111 111
Low
Average
Estimate
Estimate High Estimate

The consensus recommendation is based on 1 analyst recommendations. The Consensus Estimate is The Trendlyne Checklist checks if the company meets the key criteria for financial health and
the aggregate analyst estimates for listed Indian companies. consistent growth.

KEY STATISTICS

Ratios Financials
TTM PE Ratio ROE Annual % ROCE Annual % Operating Revenue TTM Cr Revenue Growth Annual YoY Net Profit Annual Cr
%
18.6 9.7 20.0 2943.5 75.4
28.3
Above industry Median Below industry Median Below industry Median Above industry Median Below industry Median
Below industry Median

EBIT Annual Margin % TTM PEG Ratio Long Term Debt To Equity
Annual Net Profit TTM Growth % Dividend yield 1yr % EPS TTM Growth %
6.6 0.3
0.1 68.0 - 68.0
Below industry Median Below industry Median
Below industry Median
High in industry High in industry

PRICE VOLUME CHARTS

1 Year Return : 169.2% 5 Year Return : 150.9%

100 75

75 50

50 25

25 0

OCT DEC FEB APR JUN AUG JAN JUL JAN JUL JAN JUL JAN JUL JAN JUL

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Durability Summary

Durability Score Pennar Industries Ltd. has a durability score of 80, which indicates High Financial Strength.

80 / 100
A High Durability Score (greater than 55) indicates good and consistent financial performance : stable revenues, cash flows, and low debt.

The Durability score looks at many different metrics, including long-term performance data, to identify stocks that have stood the test of time.

High Financial Strength

Bad Medium Good

80
0 35 55 100

Durability Trend Pennar Industries Ltd. : Aug '22 - Aug '23 Durability v/s Peers

100
Pennar Industries 80.0

75 JSW Steel 50.0

GOOD
Tata Steel 30.0
50
Jindal Steel & Power 55.0
MEDIUM

25
Steel Authority of India (SAIL) 50.0

Jindal Stainless 50.0

0
Sep '22 Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23
Lloyds Metals & Energy 45.0

0 10 20 30 40 50 60 70 80 90

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Pennar Industries Ltd. (80) has highest Durability score amongst its peers.
88.7% 11.3% 0% 80.0 (25 Aug '23) 50.0 (07 Oct '22)

Financial Metrics

Total Revenue Annual Cr Net Profit Annual Cr Tax Annual Cr Revenue Growth Annual YoY %

2,928.05 28.3% YoY Jan'23 75.42 80.3% YoY Jan'23 23.01 64.4% YoY Jan'23 28.3% -40.9% YoY Jan'23
4k 100 50 100
83.2
2981.2 70.3 75.4 47.6
66.4 47.8
2282.8 30.2 50
2159.8 53 26 28.3
1784 23 15.1 21.1
2k 1544 50 41.8 25
14 -1.5
9.7 0
-27.4
2.5 0.8
0 0 0 -50
8

3
M

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M

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Total Revenue Annual Cr growth is higher Net Profit Annual Cr growth is higher than Tax Annual Cr growth is higher than Revenue Growth Annual YoY % is falling
than historical averages. historical averages. historical averages. faster than historical averages.

CAGR 2Y 37.7% CAGR 2Y 444.9% CAGR 2Y 433.0% CAGR 2Y 201.6%

3Y 11.3% 3Y 12.4% 3Y 33.3% 3Y 364.4%
5Y 10.4% 5Y 1.4% 5Y -13.5% 5Y 13.3%

Operating Profit Margin Annual % Operating Revenue TTM Cr Net Profit TTM Growth % EPS TTM Growth %

7.6% 0.6% YoY Jan'23 2,894.62 27.8% YoY Jan'23 80.3% -94.7% YoY Jan'23 80.3% -94.7% YoY Jan'23
15 4k 2k 2k
11.5 2894.6
2265.8 1502.7 1502.6
10 8 8 7.5 7.6 2133.1 2106.6 1k 1k
6 2k 1768.1
1525.3 50.7 -7.9 -18.1 80.3 50.7 -7.9 -18.1 80.3
-95.1 -95.1
5 0 0

0 0 -1k -1k
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M

Operating Profit Margin Annual % is growing Operating Revenue TTM Cr growth is higher Net Profit TTM Growth % is falling faster EPS TTM Growth % is falling faster than
faster than historical averages. than historical averages. than historical averages. historical averages.

CAGR 2Y 12.1% CAGR 2Y 37.8% CAGR 2Y 191.9% CAGR 2Y 191.9%

3Y -1.7% 3Y 11.2% 3Y 264.4% 3Y 264.4%
5Y -8.1% 5Y 10.4% 5Y 9.6% 5Y 9.6%

Copyright © Giskard Datatech Pvt Ltd Page 2 of 14 All rights reserved

 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Balance Sheet

Total Assets Annual Cr Total ShareHolders Funds Annual Cr Working Capital Annual Cr

2,318.2 8.3% YoY Mar'23 778 5.8% YoY Mar'23 129.3 -10.2% YoY Mar'23
3k 1000 400
2318.2 735.2 778
2141 667.5 700.3 695.8
1853.4 1892.5 343.8
2k 1743.6
1518 512.8 202.1
500 200 167.1
123.9 144 129.3
1k

0 0 0
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M
Total Assets Annual Cr growth is stable Total ShareHolders Funds Annual Cr growth Working Capital Annual Cr is falling faster
compared to historical averages. is stable compared to historical averages. than historical averages.

CAGR 2Y 10.68% CAGR 2Y 5.74% CAGR 2Y -12.03%

3Y 7.74% 3Y 3.57% 3Y 1.43%
5Y 8.84% 5Y 8.69% 5Y -17.76%

Cashflow

Cash from Operating Activity Annual Cr Cash from Investing Activity Annual Cr Cash from Financing Annual Activity Cr Net Cash Flow Annual Cr

-100.0% YoY Mar'23 100.0% YoY Mar'23 100.0% YoY Mar'23 -100.0% YoY Mar'23
300 0 100 50
43.4
191 194.9 -6.1 15.6 12.9 23.8
200 173.6 -38.6 25
-100 -72.1 0 4.2
-98.5
100 0
-200 -100 -5.5
0 -42.8 -204.2 -95 -92.2 -25 -17.7
-2.5 -25.6
-100 -300 -200 -50
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Cash from Operating Activity Annual Cr Cash from Investing Activity Annual Cr is Cash from Financing Annual Activity Cr is Net Cash Flow Annual Cr growth is stable
growth is higher than historical averages. falling faster than historical averages. falling faster than historical averages. compared to historical averages.

CAGR 2Y 1.02% CAGR 2Y -16.83% CAGR 2Y 1.49% CAGR 2Y -57.81%

3Y 3.94% 3Y 21.58% 3Y -92.85% 3Y 162.09%
5Y 259.19% 5Y -19.11% 5Y -34.58% 5Y 30.74%

Financial Ratios

ROE Annual % ROCE Annual % RoA Annual % Current Ratio Annual

9.7% 70.6% YoY Mar'23 20.0% 36.0% YoY Mar'23 3.3% 66.7% YoY Mar'23 1.1 -2.0% YoY Mar'23
20 30 6 2
13.7 21.1 4.6
25.6 20 1.4
20 16.7 3.8 1.2
9.9 9.7 14.7 4 3.3 1.1 1.2 1.1 1.1
10 7.6 2.9
5.7 7.2 1
10 1.9
2
0.4
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Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23
M

ROE Annual % is growing faster than ROCE Annual % is growing faster than RoA Annual % is growing faster than Current Ratio Annual is falling faster than
historical averages. historical averages. historical averages. historical averages.

CAGR 2Y 418.81% CAGR 2Y 66.12% CAGR 2Y 400% CAGR 2Y -3.04%

3Y 8.58% 3Y 6.16% 3Y 4.35% 3Y -0.97%
5Y -6.71% 5Y -4.81% 5Y -6.83% 5Y -5.46%

Net Profit Margin Annual % Interest Coverage Ratio Annual EBIT Annual Margin %

2.6% 41.3% YoY Mar'23 2.8 16.1% YoY Mar'23 6.5% 10.6% YoY Mar'23
6 4 15
5.1
10.9
2.9 2.8
2.4 10 8.1
4 2.3 7 6.5
3.1 5.9
2.5 2.6 2 1.8 4.2
1.8 1.4 5
2

0.2 0
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Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23
M

Net Profit Margin Annual % is growing faster Interest Coverage Ratio Annual growth is EBIT Annual Margin % is growing faster than
than historical averages. stable compared to historical averages. historical averages.

CAGR 2Y 280.06% CAGR 2Y 41.22% CAGR 2Y 25.63%

3Y 0.91% 3Y 16.7% 3Y -1.96%
5Y -12.64% 5Y -0.46% 5Y -9.65%

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Key Metrics - Peer Comparison

COMPARISON PENNAR INDUSTRIES JSW STEEL TATA STEEL JINDAL STEEL & POWER STEEL AUTHORITY OF INDIA (SAIL) JINDAL STAINLESS LLOYDS METALS & ENERGY
LTD. LTD. LTD. LTD. LTD. LTD. LTD.
(1) (2) (3) (4) (5) (6) (7)

Valuation Score 62.5 40.3 44.2 49.8 67.3 43.5 24.3

P/E Ratio TTM 18.7 33.1 88.3 22.9 22.5 17.5 25.7

Forward P/E Ratio 16.7 15.0 11.9 12.0 10.7 11.4 -

PEG Ratio TTM 0.3 -0.5 -0.9 -0.3 -0.3 3.9 0.1

Forward PEG Ratio 0.7 0.1 0.3 1.6 0.1 0.3 -

Price to Book Value 2.0 3.5 1.4 1.7 0.7 2.9 17.5

Price to Sales TTM 0.5 1.1 0.6 1.3 0.3 1.1 5.9

Price to Sales Annual 0.3 1.2 0.5 1.0 0.3 0.7 4.2

EV to EBITDA 5.5 13.6 5.8 6.3 6.6 7.2 15.9

Market Cap to Sales 0.3 1.2 0.5 1.0 0.3 0.7 4.2

Price to Free Cash Flow 4.2 6635.0 -3977.4 756.5 -386.7 137.2 13.8

Graham Number 89.5 342.6 50.8 495.6 107.0 280.8 118.8

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Valuation Summary

Valuation Score Pennar Industries Ltd. has a valuation score of 63, which indicates an Affordable Valuation.

63 / 100
A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.

The Valuation helps you identify stocks which are still bargains, and whose strengths are not fully priced into the share price.

Affordable Valuation

Bad Medium Good

63
0 30 50 100

Valuation Trend Pennar Industries Ltd. : Aug '22 - Aug '23 Valuation v/s Peers

100
Pennar Industries 62.5

75 JSW Steel 40.3

GOOD Tata Steel 44.2

50

Jindal Steel & Power 49.8

MEDIUM
25
Steel Authority of India (SAIL) 67.3

0 Jindal Stainless 43.5

2

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Lloyds Metals & Energy 24.3

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Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Pennar Industries Ltd. (62) has second-highest Valuation score amongst its peers, behind Steel
100.0% 0% 0% 72.7 (01 Jun '23) 54.8 (07 Oct '22) Authority of India (SAIL) Ltd. (67)

P/E Buy Sell Zone

Pennar Industries Ltd. has spent 83.0% of the time below the current P/E 18.6. This puts it in the PE
Strong Sell Zone

Strong Sell Zone 83.0%    into P/E buy sell zone This is based on the tendency of the P/E value to revert to its historical mean.

If the P/E value has spent most of its time below the current value, then it means that most gains
have probably been realised already, and it is time to sell.
Strong upside potential % time spent below current P/E Gains already realized If the P/E value has spent very little time below the current value, then it means that there is strong
potential upside, and it is time to buy.

Valuation Metrics

PE TTM Price to Earnings Price To Sales Annual Graham Number

18.6 33.9% YoY Aug'23 0.3 51.5% YoY Aug'23 89.5 13.2% YoY Aug'23
20 0.4 100
13.9 0.3
18.6 79
8.3 70.9 67.5 89.5
0.3
2.8 0.2
0 0.2 0.2 50
-7.8
0.1

-20 0 0
Mar'20 Mar'21 Mar'22 Mar'23 Aug'23 Mar'20 Mar'21 Mar'22 Mar'23 Aug'23 Mar'20 Mar'21 Mar'22 Mar'23 Aug'23

PE_TTM growth is stable compared to Price To Sales Annual growth is higher than Graham Number growth is higher than
historical averages. historical averages. historical averages.

CAGR 2Y -62.5% CAGR 2Y 47.3% CAGR 2Y 144.7%

3Y 48.2% 3Y 50.4% 3Y 10.6%
5Y 7.8% 5Y -1.1% 5Y 1.0%

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Momentum Summary

Momentum Score Pennar Industries Ltd. has a Momentum score of 70, which indicates that it is Technically Moderately Bullish.

70 / 100
A High Momentum Score indicates the stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock
universe.

Momentum is a very effective short term score, while Durability and Valuation help assess the stock’s health over the long term.
Technically Moderately Bullish

Bad Medium Good

70
0 35 60 100

Momentum Trend Pennar Industries Ltd. : Aug '22 - Aug '23 Momentum v/s Peers 25 Aug '23

100
Pennar Industries 69.7

75 JSW Steel 48.1

GOOD
Tata Steel 57.3
50

MEDIUM Jindal Steel & Power 58.0

25
Steel Authority of India (SAIL) 46.8

0 Jindal Stainless 72.9

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Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Pennar Industries Ltd. (70) has second-highest Momentum score amongst its peers, behind
70.9% 29.1% 0% 75.5 (21 Nov '22) 47.2 (25 May '23) Jindal Stainless Ltd. (73)

Price Change Analysis Key Momentum Metrics

LTP : 114.8 RSI MFI

1 Day 111.3 118.1

72.4 89.3
1 Week 94.6 118.1
RSI is 72.4, RSI above 70 is considered MFI is 89.3, MFI above 80 is considered
overbought. This implies that stock may show strongly overbought. This implies that stock
1 Month 77.55 118.1
pullback. may show pullback.

3 Months 67.5 118.1

6 Months 66.45 118.1 MACD MACD Signal Line

1 Year 39.95 118.1 6.7 4.5

3 Year 14.8 118.1 MACD is above its center and signal Line, this MACD is above its center and signal Line, this
is a bullish indicator. is a bullish indicator.
5 Year 11.4 118.1

0 20 40 60 80 100 120 140

ATR

5.4
ATR is above industry Median

Simple Moving Averages Exponential Moving Averages

Pennar Industries Ltd. is trading above 8 out of 8 SMAs. Pennar Industries Ltd. is trading above 8 out of 8 EMAs.

BULLISH BULLISH

8/8 8/8

Bullish v/s Bearish SMAs Bullish v/s Bearish SMAs

(if the current price is above a moving average, it is considered bullish) (if the current price is above a moving average, it is considered bullish)

5Day SMA Rs 107.3 50Day SMA Rs 84.8 5Day EMA Rs 105.1 26Day EMA Rs 92

10Day SMA Rs 98.8 100Day SMA Rs 79.5 10Day EMA Rs 100.2 50Day EMA Rs 86.7

20Day SMA Rs 90.5 150Day SMA Rs 75.4 12Day EMA Rs 98.7 100Day EMA Rs 80.7

30Day SMA Rs 88.6 200Day SMA Rs 71.8 20Day EMA Rs 94.2 200Day EMA Rs 72.2

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Momentum Oscillators Pivot Support & Resistances

Pennar Industries Ltd. is trading above 5 out of 9 Oscillators in bullish zone. Pennar Industries Ltd. at 114.80 is trading above it's resistance R1 112.33.

BEARISH BULLISH 125

4/9 5/9 R3 - 120.9

120

Bullish v/s Bearish Oscillators R2 - 116.4

(if an oscillator is in its negative range, it is considered bearish) LTP - 114.8
115

R1 - 112.3

RSI(14) 72.4 MACD(12, 26, 9) 6.7 110

PIVOT - 107.8
Stochastic Oscillator 87.2 Stochastic RSI 75.2
105
S1 - 103.7
CCI 20 129.4 William -11.4
100
Awesome Oscillator 18.3 Ultimate Oscillator 57.7 S2 - 99.2

Momentum Oscillator 25.6 S3 - 95.1

95

Neutral Bullish Bearish

Volatility Metrics

Beta
1 month 3 month 1 year 3 year ADX Day Bollinger Bands Mid_20_2

2.66 0.99 1.6 1.15 38.9 90.5

ADX is above industry Median Bollinger Bands Mid_20_2 is above industry
Median
beta value for 3 month indicates price tends to move with the market

Daily Volume Analysis Active Candlesticks

Daily average delivery volume over the past week is 28.6%

Bullish Candlestick Pattern Bearish Candlestick Patterns
25 Aug, 2023 1.0M 2.3M
No active candlesticks No active candlesticks
Week 1.5M 5.4M

Month 950.9K 3.1M

0 1M 2M 3M 4M 5M 6M

Combined Delivery Volume NSE + BSE Traded Volume

Daily Avg. Delivery Volume %

25 Aug, 2023 Week Month

44.7% 28.6% 31.1%

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Checklist Summary

Trendlyne Checklist Score

73.9% pass 17 | 6
=
Financial
6|2
+
Value & Momentum
6|2
+
Ownership
2|2
+
Peer Comparison
3

Financial Value & Momentum

6 criteria met | 2 not met 6 criteria met | 2 not met

Company has seen consistent profit growth in the last eight The stock is in the Buy Zone according to its historical P/E?
quarters? No
Yes The stock is in the Buy Zone according to its historical P/E
Stock has seen consistent profit growth in the last eight quarters

The stock is in the Buy Zone according to its historical P/BV?

Company has seen consistent sales growth in the last eight quarters? No
No The stock is in the Buy Zone according to its historical P/BV
Stock has seen consistent sales growth in the last eight quarters

Company's valuation score signals overall affordability?

Company has high Trendlyne Durability Score? Yes
Yes Company's valuation score signals overall affordability
Stock has high Trendlyne Durability Score (>=60)

Trendlyne Momentum Score shows bullishness?

Company has high Piotroski Score? Yes
Yes Trendlyne Momentum Score shows bullishness
Stock has high Piotroski Score (>= 7)

Stock is trading above all short term SMAs?

Company has Low Debt? Yes
Yes Stock is trading above all short term SMAs
Stock has Low Debt

Stock is trading above all long term SMAs?

Shareholder Value: Company has Strong ROE? Yes
No Stock is trading above all long term SMAs
Shareholder Value: Stock has Strong ROE

Stock has bullish candlesticks?

Company has Positive Net Cash Flow? Yes
Yes Stock has bullish candlesticks OR Stock has no bearish candlesticks
Stock has Positive Net Cash Flow

Stock has active positive breakouts?

Company is generating increasing cash from operations? Yes
Yes Stock has active positive breakouts
Positive CFO for last 2 years

Ownership Peer Comparison

2 criteria met | 2 not met 3 criteria met | 0 not met

FII/FPI or DIIs are buying the stock? Company is giving better long term returns than the industry?
Yes
Institutions have been increasing stake in the company over the past No Company is giving better long term returns than the industry
four quarters

Company's sales growth is better than the industry median?

Promoters are buying the stock or ownership is stable? Yes
Yes Company's sales growth is better than the industry median
Promoters are buying the stock or ownership is stable

Company's profit growth is better than the industry median?

Promoter pledge is low and not increasing? Yes
Yes Company's profit growth is better than the industry median
Promoter pledge is low and not increasing

Insider have not sold stock in the past 3 months?

No
Insider have not sold stock in the past 3 months

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Forecaster

Consensus Recommendation Share Price Target

Consensus Recommendation Share Price Target (Avg)

STRONG BUY ₹ 111 (-3.3% upside)
120

111.0
110

100
1 1 1 1 1 1

90

2023-03-26 2023-04-30 2023-05-30 2023-06-25 2023-07-30 2023-08-27 80

FY22 FY23 FY24 FY25
Strong Buy Buy Hold Sell Strong Sell
Future Avg. Estimate High Estimate Low Estimate

The consensus recommendation from 1 analyst for Pennar Industries Ltd. is STRONG BUY

Pennar Industries Ltd.'s share price target is below the current price, with a downside of 0.4%

Key Metrics - Average Estimates Actual Revenue Avg. Estimate

EPS Interest expense Net income

10 110 150
9.3 107.6 124.9
6.9 25.8% 99.5 7.5%
125 93.2
20.4% 8.3%
8 19.1%
5.5 74.0
-0.2% 100 100 1.9%
93.4
6 -2.3%
75

4 90 50
FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25

-0.2% 20.4% 25.8% -2.3% 8.3% 7.5% 1.9% 19.1% 0%

Surprises Estimate Surprises Estimate Surprises Estimate

EPS is expected to grow by 25.7% in FY24 Interest expense is expected to grow by 9.1% in FY24 Net income is expected to grow by 23.6% in FY24
Pennar Industries Ltd.'s EPS was lower than average estimate 1 Pennar Industries Ltd.'s Interest expense was lower than Pennar Industries Ltd.'s Net income was higher than average
time in past 1 year average estimate 1 time in past 1 year estimate 1 time in past 1 year

Depreciation & amortization Cash flow per share Dividend per share

75 10
71.8 7.9
67.4 0.5 0.5 0.5
6.1% 2.2 125.3%
3.6% -17.7%
70 63.4 5
2.5% -2.0
0.5
-190.5%
65 0

60 -5
FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25

2.5% 3.6% 6.1% -17.7% -190.5% 125.3% 0% 0% 0%

Surprises Estimate Surprises Estimate Surprises Estimate

Depreciation & amortization is expected to grow by 3.7% in Cash flow per share is expected to reduce by 210.5% in FY24 Pennar Industries Ltd.'s Dividend per share was lower than
FY24 Pennar Industries Ltd.'s Cash flow per share was lower than average estimate 1 time in past 1 year
Pennar Industries Ltd.'s Depreciation & amortization was average estimate 1 time in past 1 year
higher than average estimate 1 time in past 1 year

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Forecaster Actual Revenue Avg. Estimate

Free cash flow EBIT Revenue

200 300 4k
129.7 147.7 252.2 3224.5 3687.8
202.1
33.2% 90.5% 19.9% 36.3% 12.6%
42.5%
3k 2956.8
-30.5%
100 200
14.0 155.3
-1134.4% -25.2% 2k

0 100 1k
FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25

33.2% -1134.4% 90.5% -25.2% 42.5% 19.9% -30.5% 36.3% 12.6%

Surprises Estimate Surprises Estimate Surprises Estimate

Free cash flow is expected to reduce by 91.9% in FY24 EBIT is expected to grow by 73.9% in FY24 Revenue is expected to grow by 56.9% in FY24
Pennar Industries Ltd.'s Free cash flow was higher than average Pennar Industries Ltd.'s EBIT was lower than average estimate 1 Pennar Industries Ltd.'s Revenue was lower than average
estimate 1 time in past 1 year time in past 1 year estimate 1 time in past 1 year

Capital expenditure Cash EPS

100 16
6.3 53.8 60.0 14.6
1031.9% 10.3% 11.9 18.5%
-32.5% 14 12.6%
10.2
2.0%
50 12
6.3
1031.9%
10

0 8
FY23 FY24 FY25 FY23 FY24 FY25

1031.9% -32.5% 10.3% 2.0% 12.6% 18.5%

Surprises Estimate Surprises Estimate

Capital expenditure is expected to reduce by 24.6% in FY24 Cash EPS is expected to grow by 14.4% in FY24
Pennar Industries Ltd.'s Capital expenditure was higher than Pennar Industries Ltd.'s Cash EPS was higher than average
average estimate 1 time in past 1 year estimate 1 time in past 1 year

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Shareholding Summary Shareholding Trend

50%

Promoter 39.7%
39.5% 39.7% 39.7% 39.7% 39.7%
40%

DII -%
30%

FII 4.3% 20%

10%
Public 56.0% 4.9% 4.3%
2.8% 2.8% 2.8%
-% -%
0%
Others -% Sep 23, 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023

Promoter Pledges as % of promoter shares (%) FII DII

0% 10% 20% 30% 40% 50% 60%

Retail investors (Public) form the biggest shareholding segment Promoter , Pledges as % of promoter shares (%) , FII , DII , over the Jun 2023 quarter

Mutual Fund Holding and Action

Promoters holding remains unchanged at 39.74% in Jun 2023 qtr

Mutual Funds holding remains unchanged at 0.00% in Jun 2023 qtr

Number of MF schemes remains unchanged at 3 in Jun 2023 qtr

FII/FPI have decreased holdings from 4.86% to 4.25% in Jun 2023 qtr

Number of FII/FPI investors decreased from 40 to 37 in Jun 2023 qtr

Institutional Investors have decreased holdings from 4.89% to 4.25% in Jun 2023
qtr

Net Holders Bought some / all Sold some / all

Major Shareholders Pennar Industries Ltd. : Jun '23

Promoters

Name Shares % Change %

PENNAR HOLDINGS 15.6% -

PRIVATE LIMITED

ADITYA NARSING R 6.5% -9.0%

AO

Bulk / Block Deals

Date Client Name Deal Type Action Avg Price Qty Exchange

21 Aug'23 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 103.4 1,340,782 NSE

21 Aug'23 QE SECURITIES LLP Bulk Sell 102.5 1,124,103 NSE

21 Aug'23 MAGPRO SECURITIES PVT LTD Bulk Sell 103.1 1,476,685 NSE

21 Aug'23 MAGPRO SECURITIES PVT LTD Bulk Purchase 102.9 1,347,685 NSE

21 Aug'23 QE SECURITIES LLP Bulk Purchase 103.1 1,072,831 NSE

21 Aug'23 GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 103.3 1,340,782 NSE

16 Aug'23 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 93.8 1,304,724 NSE

16 Aug'23 CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITED Bulk Sell 93.5 694,668 NSE

16 Aug'23 MAGPRO SECURITIES PVT LTD Bulk Sell 94 1,395,795 NSE

16 Aug'23 GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 93.8 1,304,724 NSE

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 PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

Insider Trading / SAST

Reporting Date Client Name Client Type Regulation Action Avg Price Qty Mode

24 Aug'23 Y Rekha Rao Promoter Group Insider Trading Disposal 106 50,000 Market Sale

24 Aug'23 Aditya Narsing Rao Promoter Insider Trading Acquisition 108.5 50,000 Market Purchase

23 Jun'23 Aditya Narsing Rao Promoter Insider Trading Acquisition 78.8 13,000 Market Purchase

23 Jun'23 Y Rekha Rao Promoter Group Insider Trading Disposal 80.9 10,000 Market Sale

21 Jun'23 Kuram Murali Sunil Employee Insider Trading Disposal 76.5 26,513 Market Sale

02 Jun'23 Aditya Narsing Rao Promoter Insider Trading Acquisition 68.9 22,000 Market Purchase

02 Jun'23 Lavanya Kumar Rao Kondapalli Promoter Group Insider Trading Disposal - 22,000 Off Market

29 Mar'23 Potluri Venkateswara Rao Director Insider Trading Disposal 69.4 131,213 Market Sale

29 Dec'22 Lavanya Kumar Rao Kondapalli Promoter Group Insider Trading Disposal - 17,500 Off Market

29 Dec'22 Aditya Narsing Rao Promoter Insider Trading Acquisition 57.2 17,500 Market Purchase

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PENNAR INDUSTRIES LTD. Trendlyne Stock Report
Iron & Steel/Interm.Products Aug 28, 2023 10:22 AM
Metals & Mining

ABOUT THE COMPANY

Pennar Industries Ltd.

Pennar Industries is engaged in manufacturing of cold rolled steel strips, precision tubes, cold rolled formed sections, electrostatic precipitators, profiles, Railway wagons and coach components, press steel
components, hydraulics, road safety systems, galvanized products, Solar panels. Design, manufacture, supply, service and installation of pre-engineered steel buildings, building components and erection for
industries, warehouses, commercial centres, multi storied buildings, aircraft hangars, defense installations, metro stations, stadiums and power plants. Design, manufacture, supply, erection and maintenance of
Water and Waste Water Treatment Plants, and manufacture and supply of Water Treatment chemicals and fuel additives for both solid and liquid fuels.
website: www.pennarindia.com

MANAGEMENT INFORMATION

J S Krishna Prasad Mirza Mohammed Ali Baig

Chief Financial Officer Company Secretary

₹0.42Cr. 2022-3-31 ₹0.14Cr. 2022-3-31

Gross Remuneration Year Gross Remuneration Year

DIRECTOR INFORMATION

Nrupender Rao Aditya N Rao K Lavanya Kumar B Kamalaker Rao

Executive Chairman Vice Chairman & M.D. Executive Director Non-Exec. & Independent Dir.

₹1.68Cr. 2022 ₹1.05Cr. 2022 ₹0.90Cr. 2022 ₹0.06Cr. 2022

Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

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 PENNAR INDUSTRIES LTD.
Iron & Steel/Interm.Products
Metals & Mining
Detailed stock report terminology
Trendlyne’s stock report is a comprehensive company analysis report based on its durability, valuation and momentum scores along with the forecaster data, to give you a detailed analysis. The report also
includes Trendlyne’s checklist summary, technical analysis, peer comparison, mutual fund holdings details, insider trading and more.
Durability Score
Durability scores are calculated from 0-100, with zero the worst and 100 the best.
Durability scores above 55 are considered good(G) and below 35 are considered bad(B).
Scores between 35-55 are considered neutral/Medium/Middle(M).
Stocks with a high durability score (top 20 percentile) are companies that have
consistently and over time, demonstrated good growth and cash flow, stable revenues
and profits, and low debt.
The durability score considers several different metrics and ratios around earnings and
models these over time. Our stocks with high durability scores outperform the index
significantly
Valuation Score
Valuation scores are calculated from 0-100, with zero the worst and 100 the best.
Valuation scores above 50 are considered good(G) and below 30 are considered bad(B).
Scores between 30-50 are considered neutral/Medium/Middle(M)
Stocks with a high valuation score (top 20 percentile) are companies whose business and
financial advantages have not yet been priced into their share price. These companies
typically have strong earnings but are currently flying under the radar, and Trendlyne’s
valuation score helps shine a spotlight on these companies.
Firms with a low valuation score (bottom 20 percentile) are expensive stocks that have
good broker coverage and already have their strengths priced in. They are popular but
pricey. If you are buying them now it would be for a steep price tag: valuation scores help
you identify that.
Momentum Score
Scores are calculated from 0-100, with zero being the worst and 100 the best.
Momentum scores above 59 are considered good(G) and below 30 are considered
bad(B). Scores between 30-59 are considered neutral/Medium/Middle(M)
Momentum score or momentum score identifies the bullish/bearish nature of the stock.
Stocks with a high momentum score (which is calculated daily from over 30 technical
indicators) are seeing their share price rise, and increase in volumes and sentiment.
A low and falling momentum score indicates a falling share price. The pace at which this is
changing is also important for the momentum score.
Analyst recommendation
Analyst recommendation of a stock is an assessment made by financial analysts or
brokerage firms about the investment potential of a particular stock. It is usually based
on a thorough analysis of the company's financial performance, market trends, industry
outlook, and other factors that may impact the stock's value.
The analyst recommendation of a stock typically takes the form of a rating or a
recommendation, such as "buy," "hold," or "sell." The recommendation is usually
accompanied by a price target, which is the analyst's estimate of the stock's fair value.
A low and falling momentum score indicates a falling share price. The pace at which this is
changing is also important for the momentum score.
Disclaimer
© 2023 Giskard Datatech Pvt Ltd
Republication or redistribution of Giskard content, including by framing or similar means, is prohibited without the prior written consent of Giskard. All information in this report is assumed to be
accurate to the best of our ability. Giskard is not liable for any errors or delays in Giskard content, or for any actions taken in reliance on such content. Any forward-looking statements included in the
Giskard content are based on certain assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations.
Copyright © Giskard Datatech Pvt Ltd
Trendlyne Stock Report
Aug 28, 2023 10:22 AM
Trendlyne Checklist Score
Trendlyne Checklist evaluates a stock based on its financial performance, ownership, peer
comparison, value and momentum. This helps give an overall performance of the
company based on the score.
PE buy/sell zone
The PE buy/sell zone is calculated based on how many days a stock has traded at its
current PE level. The current PE is compared to the stock’s historical PE performance, to
find out how often (for how many days in the past) the stock has traded at its current PE
value.
If the stock has usually traded above its current PE level (it’s at a higher PE for the
majority of trading days), then the stock is cheaper than usual and in the PE buy zone.
If the stock has usually traded below its current PE level (it’s at a lower PE for the
majority of trading days), then the stock is more expensive than usual and in the PE sell
zone.
Price Volume Charts
Price volume charts are a type of financial chart that combines two key pieces of
information about a stock: its price and trading volume. They are commonly used in
technical analysis to identify trends and patterns in the market.
In a price volume chart, the price of the security is plotted on the vertical axis, while the
trading volume is shown on the horizontal axis. Each data point on the chart represents a
single trading day, and the size of the data point may be proportional to the trading
volume.
Peer Comparison
Peer comparison in financial analysis is a method of comparing the financial performance
and position of one company to its competitors or peers in the same industry or sector.
The purpose of this comparison is to gain insights into how the company is performing
relative to its competitors and to identify areas where it may be underperforming or
overperforming. In Trendlyne’s stock report, DVM scores are also included in the peer
comparison section.
Technical Analysis
Technical analysis is a method of analyzing stocks and other financial instruments that
relies on charts and statistical indicators to identify trends and patterns in price and
trading volume.
Key momentum metrics included - relative strength index (RSI), Stochastic RSI, Ultimate
Oscillator, moving average convergence divergence (MACD), average true range (ATR),
money flow index (MFI), William, CCI 20 and Awesome Oscillator. Simple and
exponential moving averages are also included.
To analyse the volatility of the stock, Beta over different periods of time, Average
Directional Movement Index and Bollinger bonds are used. Along with this, active
candlesticks, daily volume analysis is also provided in the rapport.
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