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NSEJan 15, 2021 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2016-08-17||Pennar Industries Ltd. +||Phillip Capital||46.40||60.00||46.40 (-47.84%)||Target met||Buy|
Consolidated revenue grew by 12% yoy to Rs 3bn, higher than estimates of Rs 2.8bn. Systems&projectsincreasedby40;%yoytoRs680mndrivenbygrowthfromrailwayorders. Steel products revenue was supported by contribution from high grade special steel production(~800tonnepermonth)startedsinceQ4FY16.Tubesrevenuegrewby17%yoy toRs398mnwith33%revenuecontributionfromhighvalueCDWtubesvs26%inQ1FY16. EBITDA grew by 40% yoy to Rs 362mn, 26% higher than estimates of Rs 287mn. Margins improved by 230bps to 11.8% higher than estimates of 10.2%. The company had tax provision of 43.5% vs estimates of 36% due to higher deferred tax associated with capex....
|2016-05-24||Pennar Industries Ltd. +||Phillip Capital||44.00||56.00||44.00 (-45.00%)||Target met||Buy|
Profits marginally below estimates, lower execution in PEBS and Systems & Projects. Growth in value-added segments supported margins. Revenues were below estimates. Weakness in industrial component and steel products....
|2015-11-13||Pennar Industries Ltd. +||Phillip Capital||48.45||70.00||48.45 (-50.05%)||Buy|
In line with estimates, growth in all segment except in steel as guided. Improvement in margins in all divisions. Strong performance in PEBS. Healthy order book; PEBS at Rs 4.1 bn, railway Rs 1bn, and environmental Rs 2.6bn....
|2015-08-17||Pennar Industries Ltd. +||Phillip Capital||58.00||70.00||58.00 (-58.28%)||Buy|
Pennar Industries' revenue declined 6% yoy to Rs 2.7bn in Q1FY16 (significantly lower than estimated Rs 3.2bn), impacted by a fall in steel prices. Its steel product revenue fell 22% yoy; consolidated numbers signal PEBS revenue fall of ~20%. The company did not share...
|2015-05-15||Pennar Industries Ltd. +||Phillip Capital||51.50||75.00||51.50 (-53.01%)||Buy|
Pennar Industries (PIL) reported revenue growth of 14% yoy to Rs 3.66bn during the quarter supported by growth in Systems & Projects, Industrial Component. The company did not shared numbers for PEBS and Enviro as it has filed DRHP for listing of PEBS. Revenue was 7%...