- Pennar Industries has reserves of Rs.1,096 cr. against equity of Rs.67 cr. and reported FY26 PAT of Rs.180 cr., with Rs.902 cr. in orders secured over three months. Promoter investment of Rs.50.40 cr. through warrants, Bandhan MF raising its holding to 5%, completed capex and a 400-acre land bank support expansion. Data centres and semiconductors are key focus areas; management gave an optimistic H2FY27 outlook at the AGM. The stock looks attractive versus its 52-week high of Rs.280 and may deliver medium- to long-term returns.
- BSE SME Rajesh Power reported FY26 PAT of Rs.143 cr. and EPS of Rs.80, with reserves of Rs.388 cr., P/E of 11x, ROCE of 48.6% and ROE of 44.3%. Q1FY27 revenue reached Rs.436.62 cr.; its unexecuted order book stands at Rs.5,108 cr., with five new orders worth Rs.1,866 cr. Its BESS entry and promoter buying support the growth outlook. The stock looks attractive versus its 52-week high of Rs.1,639 and may offer strong returns.
- RBL Bank is evaluating entry into broking and asset management to expand its capital-market activities. Keep the stock on the radar.
- Shetron is expanding its Mumbai and Bengaluru facilities to strengthen its western and southern markets. Promoters hold 64.82%, while 15 reputed HNIs hold 18.13%. At around 10x forward P/E, the stock appears attractively valued and could surpass its high of Rs.198.
- YES Bank says the Supreme Court’s Rs.8,415 cr. AT1 bond ruling will not derail its growth plans. Keep the stock on the radar.
- Pennar Industries – Key Highlights from the 50th AGM: a) Management has set a revenue target of Rs.10,000 cr. against the current Rs.3,600 cr., supported by the vast addressable markets of its five focused business verticals in India and the USA. b) Major capex is complete, while order books across all business verticals are at record highs. c) Execution is picking up and capacity utilisation is improving, with the impact expected to reflect in H2 numbers. d) The new BIW plant is expected to double revenue from this segment, which offers attractive margins. e) Its high-margin US engineering services business is currently running at an annualised revenue rate of Rs.70 cr., with management targeting Rs.100 cr. this year. f) The annual report (pages 19 and 57) mentions plans to monetise non-core land assets, which could conservatively fetch Rs.500–700 cr. g) At Rs.151, the stock trades at around 12x current-year and below 10x next-year earnings. Promoters subscribed at Rs.168, and the stock could surpass its 52-week high of Rs.280 if market sentiment improves.
