This capital goods company bags order worth Rs 682 crore

This capital goods company bags order worth Rs 682 crore

by 5paisa Research Team Last Updated: May 09, 2023 - 12:40 pm 198 Views

Orders are expected to be executed within the next two quarters 

About the order 

Pennar Industries has bagged orders worth Rs 682 crore across its various business verticals including PEB (Pre-Engineered Building); Ascent Buildings, USA, ICD; Railways; Tubes; and Steel. The orders are expected to be executed within the next two quarters.

Company profile 

Pennar Industries is one of India’s leading industrial organizations offering specialized, engineering steel solutions. The company is a multi-location, multi-product company manufacturing cold-rolled steel strips & tubes, cold-rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems.

Propelled by liberalization and globalization of the Indian economy, Pennar acquired Nagarjuna Steel Ltd., Patancheru (32 KM from Hyderabad), and Press Metal, a unit of Tube Investment(TI), at Tarapur near Mumbai.

Growth drivers 

The company is involved in product manufacturing of Cold Rolled Formed Profiles which are used in Commercial & Passenger Vehicles, Railway Coaches & Wagons, Industrial Buildings, Pollution Control equipment, and Door & Window Frames for Housing. PEB Systems consist of elegant lattice-type portals made of cold-formed profiles or portals of plate girder construction and many other such products.

Major customers of the company include TVS Motors, Electrolux, Honda Siel, Tata Motors, Eicher Motors, Alstom Power, LLOYDS, N.R Steels, L&T -ECC Division, and many more.

Stock price movement  

Pennar Industries is currently trading at Rs 74.70, down by 0.03 points or 0.04% from its previous closing of Rs 74.73 on the BSE. The scrip opened at Rs 76.06 and has touched a high and low of Rs 77.86 and Rs 74.32 respectively. So far 84,378 shares were traded on the counter. 

The BSE group 'B' stock of face value of Rs 5 has touched a 52-week high of Rs 85.98 and a 52-week low of Rs 31.05. Last one week high and low of the scrip stood at Rs 76.74 and Rs 70.05 respectively. The current market cap of the company is Rs 998.60 crore. 

The promoters holding in the company stood at 39.74%, while Institutions and Non-Institutions held 4.89% and 55.37%, respectively. 

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
How PFC F&O contracts will be adjusted for special dividend

In its Board Meeting held on 27th May 2023, the board of directors of Power Finance Corporation (PFC) Ltd has approved an Interim Dividend pay-out of ₹4.50/- per equity share of face value of ₹10/- each.

  • Jun 09, 2023
What you must know about Cell Point IPO

Cell Point (India) Ltd is one of the largest retail outlets for mobile phones and other electronic accessories in South India.

  • Jun 09, 2023
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number