Pennar Industries Limited is a multi-location, multi-product company manufacturing precision engineering products, Pre-Engineered Building Systems, Hydraulics, and Warehousing solutions. An epitome of quality, precision, and perfection, Pennar is driven by an unrelenting desire to excel with experience spanning over three decades. The Company is one of the leading engineering organisations in India and is well known for its expertise in providing engineered products and engineering solutions.
The company's quest for engineering excellence began in 1988, with a strategic decision to establish its first manufacturing plant at Isnapur, near Hyderabad with an installed capacity of 30,000 MTPA to manufacture Cold Rolled Steel Strips (CRSS). The decision catapulted the company from a start-up to a profitable organization in the very first year of operations. The company takes great pride in its transition from being known only as a steel company to becoming a diversified precision engineering Company with different verticals, operating under a unified identity.
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, galvanised products, and Solar panels. Its segments include Diversified engineering and Custom designed building solutions & auxiliaries.
The company serves various industries including building and infrastructure, oil and gas, automotive value engineering, heavy engineering, rail transportation, and other industries. Pennar Industries has established a strong foothold with a diversified presence across Infrastructure, Automobiles, Power, General Engineering, Building & Construction and other sectors.
The company offers product categories like ERW, CDW, Air Pre-Heater, Boiler, Corten Steel, Galvanized & Stainless Steel Tubes with a tube production capacity of 60,000 MT/Annum. The company is a market leader in terms of capacity and variety of profiles with a production capacity of 240,000 MT per annum, with a significant footprint all across Asia.
Pennar Industries has a pan-India presence with six manufacturing facilities situated across the country. It has manufacturing facilities at Patancheru, Isnapur, Velchal, Sadashivpet in the state of Telangana, Chennai and Hosur in Tamil Nadu, and Tarapur in Maharashtra. It operates with 13 manufacturing plants, 5 engineering offices, and 42 sales offices in India, the US, and Europe.
The state-of-the-art manufacturing facilities are equipped with laser cutting, plasma cutting, transfer presses, and CNC machines that enable it to make products of very high quality. The plants are ISO 9001:2008 certified and follow stringent quality control procedures to ensure customer satisfaction.
The company has an international presence through Pennar Global, Inc. (PGI), a subsidiary of Pennar Industries, headquartered in Houston, Texas, which opened its doors for business August 1, 2017. Ascent buildings, a full-service steel building manufacturer, is a wholly-owned subsidiary of Pennar Industries Limited.
For the financial year ended March 2025:
- Net profit rose 21.28% to ₹119.27 crore as against ₹98.34 crore during the previous year ended March 2024.
- Sales rose 3.07% to ₹3226.58 crore in the year ended March 2025 as against ₹3130.57 crore during the previous year ended March 2024.
In Q4 FY25:
- Net profit of Pennar Industries rose 24.33% to ₹35.57 crore as against ₹28.61 crore during the previous quarter ended March 2024.
- Sales rose 10.09% to ₹905.80 crore in the quarter ended March 2025 as against ₹822.80 crore during the previous quarter ended March 2024.
- Q4 FY25 Performance: Revenue: ₹905.80 Crore, Net Profit: ₹35.72 Crore
- FY25 Performance: Net Profit: ₹119.27 Crore, Sales: ₹3226.58 Crore
- ROE: 11% (as of March 2025)
- Debt to Equity: 15% (as of March 2025), indicating a healthy balance sheet
- Market Capitalization: ₹3,084 Crore (as of June 2025)
- Promoter Holding: 39.66% (as of March 2025)
- P/E Ratio: 27.94 (as of June 2025)
- P/B Ratio: 3.80 (as of June 2025)
The market cap of Pennar Industries Ltd is ₹3,084 Cr as of June 2025. Promoter holding in Pennar Industries Ltd has gone up to 39.66 per cent as of Mar 2025 from 39.63 per cent as of Jun 2024. In the last 3 years, Pennar Industries Ltd share price moved up by 470.58% on BSE, showcasing significant investor confidence and market appreciation.
The company has been actively expanding its business through strategic partnerships. Pennar Industries has executed a joint venture agreement with Zetwerk Manufacturing Businesses and Others on 31 December 2024 for incorporation of a joint venture company. The proposed joint venture company will be formed to carry on the business of manufacturing and sale of solar modules, including the development and operation of the manufacturing unit.
In June 2025, Pennar Industries Q4 FY25 revenue was up 10.1%, and PBT was up 20.35%, indicating a strong growth outlook and US acquisition. Pennar Industries target price is ₹325, a slight upside of 40.77% compared to current price levels, suggesting positive analyst sentiment.
The company operates in the Materials sector and Iron & Steel sub-sector, serving as a key player in India's engineering and manufacturing ecosystem with its diverse product portfolio and strong manufacturing capabilities, poised for continued growth.
