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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Pennar Industries Limited is an engineering company. It is engaged in the manufacturing of cold-rolled steel strips, precision tubes, cold-rolled formed sections, electrostatic precipitators, and profiles. Its segments include Diversified engineering and Custom designed…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, trading cheap versus its own history.
Pennar Industries is scored on the commodity / cyclical framework. It keeps a thin 3.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.45× reported profit. Free cash flow is worth about -6.8% of its market value.
Over the last 3 years revenue compounded at 8%/yr and profit at 23%/yr. Book value has grown 14%/yr. Return on equity is a modest 11.9%. In the latest quarter profit fell 14% versus the prior quarter.
At 15× earnings, the stock sits at the 15th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~5%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 15.18 | 21.11 | better |
| P/B | 1.84 | 2.12 | better |
| EV/EBITDA | 7.51 | 8.94 | better |
| ROE | 11.93 | 18.05 | worse |
| ROCE | 13.54 | 11.11 | better |
| ROA | 4.02 | 3.13 | better |
| Quick Ratio | 0.62 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 4 financial years shown. 8% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (23% vs 8%) — margin expansion is at work.
Operating margin has expanded from 3% to 5% — the business is keeping more of each rupee earned.
ROE at 12% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 23% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.5× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 5% QoQ — could be seasonality or a genuine slowdown. Low quarterly variance (8% spread) — a predictable, non-seasonal revenue stream.
Profit fell 14% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 39.9% — dispersed ownership; institutional flows drive the stock. MF holding up 4.6pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.