Aiming 10% margins, record revenue by Q4FY15: Pennar

Written By Unknown on Senin, 05 Januari 2015 | 15.45

The company received an order worth Rs 102 crore in November and has a major structural steel order from Kannur International Airport, Kerala. The overall order book of Pennar Industries stands at Rs 460 crore currently.

Pennar Industries  is confident of seeing record revenue in FY15. Speaking to CNBC-TV18, VC Aditya Rao said the company is hoping to end Q4 FY15 wit margins of around 10 percent. The company is hopeful to see a capex of around Rs 50 crore in FY16.

The company received an order worth Rs 102 crore in November and has a major structural steel order from Kannur International Airport, Kerala. The overall order book of Pennar Industries stands at Rs 460 crore currently.

The company expects to reduce its debt to half by the end of this fiscal. The current order book of the company stands at around Rs 35 crore, added Rao.

Below is verbatim transcript of the interview:

Q: The company has been winning orders over the last few months repeatedly, what was the total quantum of order wins in the October to December quarter and what is the pipeline looking like?

A: Of the six business units at Pennar Industries the three that do report a order book which is our Engineered Building Systems Subsidiary, our environment treatment business and our systems and project business. We have had a good quarter with good order wins across all three verticals.

Our current open order book for Pennar Engineered Building Systems (PEBS) is close to Rs 380 crore. Our order book for our systems and projects business has grown by a lot on the back of new solar orders and wagon orders and that would be close to about another Rs 60 crore and environment business is looking at a total order booking of close to about Rs 20 crore in the quarter.

Pennar Inds stock price

On January 05, 2015, at 14:10 hrs Pennar Industries was quoting at Rs 59.50, up Rs 1.30, or 2.23 percent. The 52-week high of the share was Rs 66.90 and the 52-week low was Rs 19.00.


The company's trailing 12-month (TTM) EPS was at Rs 1.01 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 58.91. The latest book value of the company is Rs 26.10 per share. At current value, the price-to-book value of the company is 2.28.


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