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Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2016-08-17 | Pennar Industries Ltd. + | Phillip Capital | 46.40 | 60.00 | 46.40 (-47.84%) | Target met | Buy | Pennar Q1FY17 Update 17Aug2016
Phillip Capital
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....
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2016-05-24 | Pennar Industries Ltd. + | Phillip Capital | 44.00 | 56.00 | 44.00 (-45.00%) | Target met | Buy | Pennar Q4FY16 Update 24May2016
Phillip Capital
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....
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2015-11-13 | Pennar Industries Ltd. + | Phillip Capital | 48.45 | 70.00 | 48.45 (-50.05%) | Buy | Pennar 13Nov2015
Phillip Capital
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....
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2015-08-17 | Pennar Industries Ltd. + | Phillip Capital | 58.00 | 70.00 | 58.00 (-58.28%) | Buy | Pennar 17Aug2015
Phillip Capital
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...
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2015-05-15 | Pennar Industries Ltd. + | Phillip Capital | 51.50 | 75.00 | 51.50 (-53.01%) | Buy | Pennar 15May2015
Phillip Capital
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%...
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