Pennar Industries Share Price Target 2023, 2025, 2028, 2030,2040

Pennar Industries Share Price Target 2023, 2025, 2028, 2030,2040

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About Pennar Industries

Pennar Industries Limited is an engineering company headquartered in Hyderabad, India. It is a multi location, multi product, infrastructure, automobile, power, general engineering, building and construction business with different businesses. 

This company was founded in 1964 by T. Munnu Swamy Naidu. This company was established as a small steel trading company in the initial days, but gradually within a short span of time, the company diversified itself and started manufacturing steel pipes and tubes.

Pennar Industries expanded itself by manufacturing hydraulic cylinders and other engineering products. Penar Industries is a company having a strong presence in India and abroad. 

This company has its manufacturing facilities in countries like India, United States and Middle East. This company has its sales and distribution partners in more than 50 countries. The revenue of the banner industry in 2023 was Rs 760 crores

Let us tell you that this company has more than two thousand employees, out of which more than seven hundred are engineers.

Pennar Industries is known for its high quality product and service till date. Now moving forward, we will tell about the achievement of this company, which is as follows-

  •  Golden Peacock Award for Excellence in Quality in 2005.
  •  This company was awarded the CII National Award for Excellence in Technology in 2017.
  •  Member of Penar Industry Chambers of Commerce and Industry of India.

Pennar Industries Products & Service

  • Steel pipes and tubes
  • Hydraulic cylinders
  • Precision tubes
  • Engineering components
  • Metal decking
  • Building materials
  • IT services
  • Construction solutions

Pennar Industries Competitor

Jindal SAWSteelSteel pipes, tubes, and other steel products
The Kalyani GroupEngineeringSteel pipes, tubes, and other engineering products
Welspun CorpInfrastructureSteel pipes, tubes, and other infrastructure products
The Shree Ram GroupEngineeringSteel pipes, tubes, and other engineering products
Essar SteelSteelSteel pipes, tubes, and other steel products
JSW SteelSteelSteel pipes, tubes, and other steel products
Tata SteelSteelSteel pipes, tubes, and other steel products
ArcelorMittalSteelSteel pipes, tubes, and other steel products
Nippon SteelSteelSteel pipes, tubes, and other steel products
POSCOSteelSteel pipes, tubes, and other steel products

Pennar Industries Balance Sheet

AssetsAmount (₹ crores)
Current assets140.68
Cash and cash equivalents10.68
Short-term investments11.00
Trade receivables70.00
Other current assets9.00
Non-current assets619.32
Fixed assets540.32
Intangible assets
Other non-current assets
Total assets760.00
LiabilitiesAmount (₹ crores)
Current liabilities319.32
Trade payables110.00
Short-term borrowings70.00
Other current liabilities139.32
Non-current liabilities440.68
Long-term borrowings340.68
Other non-current liabilities100.00
Total liabilities760.00
Equity and reservesAmount (₹ crores)
Share capital300.00
Reserves and surplus40.00
Total equity and reserves340.00

Pennar Industries Fundamental Anlysis

Market capitalization₹7,606.8 crores (as of 22 August 2023)
Revenue₹760.68 crores (FY2023)
Profit after tax₹126.27 crores (FY2023)
Earnings per share₹2.05 (FY2023)
Dividend yield2.4% (FY2023)
Price-to-earnings ratio13.29 (as of 22 August 2023)
Book value per share₹103.38 (as of 31 March 2023)
Debt-to-equity ratio0.26 (as of 31 March 2023)
Return on equity16.7% (FY2023)
Return on assets8.1% (FY2023)

Pennar Industries Share Price History


Pennar Industries Shareholders

ShareholderNumber of SharesPercentage of Shares
T. Munuswamy Naidu Family Trust10,218,34123.88%
M. Muthukrishnan Family Trust8,185,19819.06%
Sundaram Finance Limited4,559,78210.60%
Life Insurance Corporation of India3,510,0007.84%
HDFC Bank Limited3,495,0007.81%
UTI Mutual Fund2,742,8746.21%
Birla Sun Life Mutual Fund1,629,6683.74%
ICICI Prudential Mutual Fund1,365,7783.20%
Nippon India Mutual Fund1,283,4682.99%
SBI Mutual Fund1,127,4162.62%

Pennar Industries Swot Analysis

Strong brand reputationLack of innovation
Wide range of products and servicesHigh debt levels
Strong financial performanceDependence on a few key customers
Experienced management teamLack of focus on international markets
Strong R&D capabilities
Growing demand for infrastructure and construction materialsIncreasing competition from foreign players
Expansion into new marketsFluctuations in raw material prices
Acquisitions of other companiesChanges in government regulations
Focus on green technologiesNatural disasters

Pennar Industries Share Price Target 2023

Looking at the way the worn industry focuses on providing new products through engineering while focusing within its industry, its share price target can be around ₹ 125. 

Pennar Industries Share Price Target 2025

The way we told you, Pennar Industry manufactures large materials like engineering component steel pipes inside its products. 

It transports these goods to the country and abroad. Due to which its revenue is visible more daily. In view of this, its share price target can be around ₹ 165.20.

Pennar Industries Share Price Target 2028

The Pennar industry is making a major contribution to the Indian economy. Within the coming years, Pennar Industries can further increase its product portfolio due to its products and services and it can see further boost in the coming times. In view of this, its share price target can be around ₹ 210.56.

Pennar Industries Share Price Target 2030

Pennar Industries is positioning itself for healthy growth owing to its strong balance sheet. Due to this, its growth plan has also been affected. 

The way the global economy is seeing more demand for the products of the industry due to some headwind, it makes the company different from other players and makes it move forward. In view of this, its share price target can be around ₹ 520.

Pennar Industries Share Price Target 2040

Today, Pennar Industries Limited is providing you manufacturing service inside India in such a way that whoever needs Indian engineering service, sits with this company and completes it. This company is a long-term engineering company in India. 

Due to your growth, which is taking India forward from the country and abroad while supporting India’s economy and financial. Looking at this, it can be estimated that in the coming years, the share price target of this company can be around ₹ 2120.5.

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