Open Demat
Be a Partner
Samadhan
Install App
Install App

20621

513228

PENIND

img img img img
Compare to down-arrow
View down-arrow
Display down-arrow
Studies down-arrow
No Data Available

PENNAR INDUSTRIES LTD Share Price Update

As of the latest trading session, PENNAR INDUSTRIES LTD is trading at ₹151.69, down by ₹-0.55 or -0.36% from its previous close. The stock has moved between ₹150.61 and ₹154.68 today. Over the past year, the stock has delivered a return of -23.41%. In the last month, it has returned -10.31%.

PENNAR INDUSTRIES LTD performance

Today’s low Today’s high
₹ 150.61 ₹ 154.68
₹ 151.69
52 week low 52 week high
₹ 129.10 ₹ 279.90
₹ 151.69
Open Price ₹ 152.40
Prev. Close ₹ 152.25
Volume (Shares) 349621.00
Total traded value ₹ 530.34
Upper Circuit ₹ 182.70
Lower Circuit ₹ 121.80
info

Investment Returns

Over 1 Month -10.31% Over 3 Months -3.90% Over 6 Months -31.94% Over 1 Year -23.41%
demotext Smart Investing Starts here ! Trade Smart with Fast Execution & Zero Account Opening Fees Invest Now

PENNAR INDUSTRIES LTD fundamentals


  • Market cap (Cr) 2,047.00
  • P/E Ratio (TTM) 20.44
  • Beta 1.57
  • Book Value / share 68.60
  • Return on equity 11.02%
  • EPS (TTM) 7.45
  • Dividend yield 0.00%
  • Net profit/quarter (Cr) 24.55
info icon alternate text
  • Market cap (Cr) 2,048.50
  • P/E Ratio (TTM) 20.44
  • Beta 1.45
  • Book Value / share 68.60
  • Return on equity 11.02%
  • EPS (TTM) 7.45
  • Dividend yield 0.00%
  • Net profit/quarter (Cr) 24.55
info icon alternate text

PENNAR INDUSTRIES LTD Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars DEC 2025 (Values in Cr)
Revenue 715.71
Operating Expense 699.57
Net Profit 24.55
Net Profit Margin (%) 3.43
Earnings Per Share (EPS) 1.82
EBITDA 78.43
Effective Tax Rate (%) 20.93
Particulars SEP 2025 (Values in Cr)
Revenue 705.17
Operating Expense 684.81
Net Profit 25.69
Net Profit Margin (%) 3.64
Earnings Per Share (EPS) 1.91
EBITDA 81.75
Effective Tax Rate (%) 20.43
Particulars JUN 2025 (Values in Cr)
Revenue 655.18
Operating Expense 634.37
Net Profit 22.59
Net Profit Margin (%) 3.44
Earnings Per Share (EPS) 1.67
EBITDA 78.37
Effective Tax Rate (%) 19.17
Particulars MAR 2025 (Values in Cr)
Revenue 721.30
Operating Expense 692.39
Net Profit 27.64
Net Profit Margin (%) 3.83
Earnings Per Share (EPS) 2.05
EBITDA 82.24
Effective Tax Rate (%) 21.32
Particulars DEC 2024 (Values in Cr)
Revenue 654.24
Operating Expense 638.54
Net Profit 22.94
Net Profit Margin (%) 3.50
Earnings Per Share (EPS) 1.70
EBITDA 75.39
Effective Tax Rate (%) 25.64
Particulars MAR 2025 (Values in Cr)
Revenue 2578.17
Operating Expense 2485.90
Net Profit 91.80
Net Profit Margin (%) 3.56
Earnings Per Share (EPS) 6.80
EBITDA 294.00
Effective Tax Rate (%) 24.34
Particulars MAR 2024 (Values in Cr)
Revenue 2457.73
Operating Expense 2415.67
Net Profit 59.27
Net Profit Margin (%) 2.41
Earnings Per Share (EPS) 4.39
EBITDA 249.90
Effective Tax Rate (%) 25.70
Particulars MAR 2023 (Values in Cr)
Revenue 2288.30
Operating Expense 2265.99
Net Profit 44.20
Net Profit Margin (%) 1.93
Earnings Per Share (EPS) 3.22
EBITDA 204.98
Effective Tax Rate (%) 25.81
Particulars MAR 2022 (Values in Cr)
Revenue 1994.75
Operating Expense 1967.75
Net Profit 34.16
Net Profit Margin (%) 1.71
Earnings Per Share (EPS) 2.40
EBITDA 171.07
Effective Tax Rate (%) 25.16
Particulars MAR 2021 (Values in Cr)
Revenue 1516.54
Operating Expense 1553.24
Net Profit 0.89
Net Profit Margin (%) 0.05
Earnings Per Share (EPS) 0.06
EBITDA 128.20
Effective Tax Rate (%) 16.82
Particulars MAR 2025 (Values in Cr)
Book Value / Share 73.99
ROE % 12.74
ROCE % 15.77
Total Debt to Total Equity 0.85
EBITDA Margin 10.75
Particulars MAR 2024 (Values in Cr)
Book Value / Share 64.95
ROE % 11.89
ROCE % 15.61
Total Debt to Total Equity 0.89
EBITDA Margin 10.01
Particulars MAR 2023 (Values in Cr)
Book Value / Share 57.66
ROE % 9.97
ROCE % 13.13
Total Debt to Total Equity 0.88
EBITDA Margin 8.80
Particulars MAR 2022 (Values in Cr)
Book Value / Share 51.71
ROE % 5.86
ROCE % 9.78
Total Debt to Total Equity 0.88
EBITDA Margin 8.32
Particulars MAR 2021 (Values in Cr)
Book Value / Share 48.95
ROE % -1.84
ROCE % 4.97
Total Debt to Total Equity 0.79
EBITDA Margin 7.32
Particulars MAR 2025 (Values in Cr)
Book Value / Share 65.03
ROE % 11.02
ROCE % 14.46
Total Debt to Total Equity 0.95
EBITDA Margin 11.40
Particulars MAR 2024 (Values in Cr)
Book Value / Share 58.41
ROE % 7.80
ROCE % 12.95
Total Debt to Total Equity 0.95
EBITDA Margin 10.17
Particulars MAR 2023 (Values in Cr)
Book Value / Share 54.18
ROE % 6.08
ROCE % 10.68
Total Debt to Total Equity 0.89
EBITDA Margin 8.96
Particulars MAR 2022 (Values in Cr)
Book Value / Share 50.89
ROE % 4.83
ROCE % 8.93
Total Debt to Total Equity 0.88
EBITDA Margin 8.58
Particulars MAR 2021 (Values in Cr)
Book Value / Share 48.60
ROE % -2.22
ROCE % 4.78
Total Debt to Total Equity 0.79
EBITDA Margin 7.14
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 189.54
Total Assets 2954.19
Total Liabilities 2954.19
Total Equity 999.60
Share Outstanding 13
Price to Book Ratio 2.89
Return on Assets (%) 4.03
Return on Capital (%) 6.72
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 142.34
Total Assets 2640.61
Total Liabilities 2640.61
Total Equity 877.47
Share Outstanding 13
Price to Book Ratio 2.28
Return on Assets (%) 3.72
Return on Capital (%) 6.1
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 172.59
Total Assets 2318.22
Total Liabilities 2318.22
Total Equity 778.98
Share Outstanding 13
Price to Book Ratio 1.30
Return on Assets (%) 3.25
Return on Capital (%) 5.39
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 87.11
Total Assets 2141.03
Total Liabilities 2141.03
Total Equity 736.13
Share Outstanding 14
Price to Book Ratio 0.68
Return on Assets (%) 1.95
Return on Capital (%) 3.16
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 55.36
Total Assets 1892.54
Total Liabilities 1892.54
Total Equity 696.70
Share Outstanding 14
Price to Book Ratio 0.33
Return on Assets (%) 0.13
Return on Capital (%) 0.2
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 64.78
Total Assets 2697.00
Total Liabilities 2697.00
Total Equity 877.49
Share Outstanding 13
Price to Book Ratio 2.89
Return on Assets (%) 3.40
Return on Capital (%) 5.56
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 57.96
Total Assets 2450.85
Total Liabilities 2450.85
Total Equity 788.17
Share Outstanding 13
Price to Book Ratio 2.28
Return on Assets (%) 2.41
Return on Capital (%) 3.9
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 52.70
Total Assets 2148.73
Total Liabilities 2148.73
Total Equity 731.05
Share Outstanding 13
Price to Book Ratio 1.30
Return on Assets (%) 2.05
Return on Capital (%) 3.27
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 65.34
Total Assets 2054.55
Total Liabilities 2054.55
Total Equity 723.41
Share Outstanding 14
Price to Book Ratio 0.68
Return on Assets (%) 1.66
Return on Capital (%) 2.61
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 41.81
Total Assets 1886.16
Total Liabilities 1886.16
Total Equity 690.89
Share Outstanding 14
Price to Book Ratio 0.33
Return on Assets (%) 0.04
Return on Capital (%) 0.07
Particulars MAR 2025 (Values in Cr)
Net Income 158.95
Cash from Operations 294.25
Cash from Investing -104.97
Cash from Financing -100.39
Net change in Cash 50.62
Free Cash Flow 420.40
Particulars MAR 2024 (Values in Cr)
Net Income 131.42
Cash from Operations 260.71
Cash from Investing -256.75
Cash from Financing -22.30
Net change in Cash -54.33
Free Cash Flow 507.32
Particulars MAR 2023 (Values in Cr)
Net Income 98.44
Cash from Operations 257.61
Cash from Investing -27.97
Cash from Financing -112.59
Net change in Cash 103.56
Free Cash Flow 328.92
Particulars MAR 2022 (Values in Cr)
Net Income 55.91
Cash from Operations 205.14
Cash from Investing -98.46
Cash from Financing -92.23
Net change in Cash 4.24
Free Cash Flow 262.62
Particulars MAR 2021 (Values in Cr)
Net Income 3.65
Cash from Operations -40.28
Cash from Investing -6.10
Cash from Financing 43.37
Net change in Cash -5.49
Free Cash Flow 13.00
Particulars MAR 2025 (Values in Cr)
Net Income 121.34
Cash from Operations 201.39
Cash from Investing -66.20
Cash from Financing -92.02
Net change in Cash 11.21
Free Cash Flow 308.84
Particulars MAR 2024 (Values in Cr)
Net Income 79.78
Cash from Operations 232.28
Cash from Investing -215.23
Cash from Financing -14.42
Net change in Cash -17.69
Free Cash Flow 448.37
Particulars MAR 2023 (Values in Cr)
Net Income 59.58
Cash from Operations 130.10
Cash from Investing -3.87
Cash from Financing -105.68
Net change in Cash 7.09
Free Cash Flow 166.04
Particulars MAR 2022 (Values in Cr)
Net Income 45.65
Cash from Operations 219.52
Cash from Investing -134.16
Cash from Financing -79.31
Net change in Cash -3.98
Free Cash Flow 240.94
Particulars MAR 2021 (Values in Cr)
Net Income 1.07
Cash from Operations -53.38
Cash from Investing -4.41
Cash from Financing 44.21
Net change in Cash -15.67
Free Cash Flow -7.32
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
KALYANI STEELS LIMITED 804.00 13.31 1.66 3509.71 575.00 988.00
MUKAND LTD. 148.85 3.56 1.41 2150.82 106.00 160.85
TATA STEEL LTD. 209.85 22.81 2.60 261966.82 149.70 224.40
ZENITH STEEL PIPES AND INDUST 5.95 13.84 -0.33 84.66 4.39 10.27
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
KALYANI STEELS LIMITED 804.00 13.45 1.67 3509.71 575.00 988.00
MUKAND LTD. 148.85 3.35 1.27 2150.82 106.00 160.85
ORISSA SPONGE IRON & STEEL LTD 219.40 0.00 -3.58 653.59 0.00 0.00
PRAKASH INDUSTRIES LTD. 147.60 8.00 0.77 2643.25 110.00 191.00

PENNAR INDUSTRIES LTD shareholding pattern

Holding
51.0%
39.66%
4.04%
5.28%
2.8%
Name Shares Category
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)

News

Left Arrow
Right Arrow

PENNAR INDUSTRIES LTD Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
151.69 -0.36 redarrow
red-green-graph indicator
16 Bearish
0 Bullish
  • 5 Days 156.40
  • 26 Days 162.20
  • 10 Days 160.40
  • 50 Days 162.40
  • 12 Days 161.30
  • 100 Days 170.80
  • 20 Days 162.40
  • 200 Days 184.70
150.40 PIVOT
First Support 147.85 First Resistance 154.80 Second Support 143.45 Second Resistance 157.35 Third Support 140.90 Third Resistance 161.75
RSI 37.39 ADX 18.71 MACD -0.98 Williams % R -78.99 Commodity Channel Index (CCI) -218.04
Date 2026-05-18 Week 325008.00 Same Day 220698.00 Month 262176.00
1 Year 1.57 3 Year 1.63
Over 1 Month
-10.31% down
Over 1 Year
-23.41% down
Over 3 Months
-3.90% down
Over 3 Years
28.44% down
Over 6 Months
-31.94% down
Over 5 Years
49.18% down

PENNAR INDUSTRIES LTD Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
19 Jul 2013 1.0 Final 23 Jul 2013 Equity shares
11 Jul 2012 1.0 Final 13 Jul 2012 Equity shares
06 Sep 2011 0.75 Final 08 Sep 2011 Equity shares
01 Nov 2010 0.5 Interim 02 Nov 2010 Equity shares
26 Jul 2010 0.75 Final 28 Jul 2010 Equity shares
09 Feb 2010 0.5 Interim 10 Feb 2010 Equity shares
29 Jul 2009 1.0 Final 31 Jul 2009 Equity shares
Dividend date Dividend amount Dividend type Record date Instrument type
19 Jul 2013 1.0 Final 23 Jul 2013 Equity shares
11 Jul 2012 1.0 Final 13 Jul 2012 Equity shares
06 Sep 2011 0.75 Final 08 Sep 2011 Equity shares
01 Nov 2010 0.5 Interim 02 Nov 2010 Equity shares
26 Jul 2010 0.75 Final 28 Jul 2010 Equity shares
09 Feb 2010 0.5 Interim 10 Feb 2010 Equity shares
29 Jul 2009 1.0 Final 31 Jul 2009 Equity shares

Top Gainers

up-arrow (%)

Top Losers

up-arrow (%)

PENNAR INDUSTRIES LTD Share Price

Pennar Industries Limited, formerly known as Pennar Steels Limited, incorporated in August, 1975, was promoted in the joint sector by J Naresh Kumar along with the Andhra Pradesh Industrial Development Corporation (APIDC). The name of the Company was changed from Pennar Steels Limited to Pennar Industries Limited in the year 1998.

The Company is one of the leading engineering organisation in India and is well known for its expertise in providing engineered products & solutions. It manufactures cold rolled steel strips, precision tubes, cold rolled formed sections, electrostatic precipitators, profiles, Railway wagons and coach components, press steel components, hydraulics, road safety systems, galvanised products, Solar panels, design & installation of pre-engineered steel buildings, building components and erection for industries, warehouses, commercial centres, multi storied buildings, aircraft hangars, defence installations.

The Company started its journey with first manufacturing plant at Isnapur, near Hyderabad, and since then, has established itself as diversified engineering company with end-to-end capabilities. Having a strong pedigree and engineering excellence, and the Company has merged Pennar Engineered Building Systems Limited, Pennar Enviro Limited, into Pennar Industries Limited (PIL), after which it accumulated a wide spectrum of engineered products and customised turnkey engineering solution under its belt, catering to a range of high growth sectors. Thereafter, the Company diversified its engineered products and engineered solutions broadly across six sectors; namely; Automobiles, Construction Infrastructure, General Engineering, White Goods, Railways and Solar.

In 1989-90, the company undertook an expansion programme to increase the capacity from 12,000 tpa to 60,000 tpa in phases. In the first phase, its capacity was increased to 36,000 tpa, which was completed in 1990-91. In 1991-92, PSL set up a joint venture company -- Thomas & Betts Pennar, in collaboration with Thomas & Betts Corporation, US, to manufacture certain types of electronic connectors.

PIL diversified in 1993-94 by setting up a 3-MW wind energy farm near Coimbatore, Tamilnadu, and setting up a project to manufacture value-added pressed and fine blanked metal components, which became operational in 1994-95 and 1995-96 respectively. In Sep.'95, it received the ISO 9002 certification from RWTUV, Germany.

In 1999-2000, the company acquired manufacturing facilities in the cold forming sections/products of the Tube Investments of India Ltd at Tarapur and Chennai. Since more than 50% of the networth was fully eroded on 30th June,2001 the company become a sick industrial company.

In 2007, the Precision Tube Line was commissioned for making products for the auto, transportation and construction sectors. A new fabrication shop also commissioned for making structures for Electro Static Precipitators (ESPs), boilers and seed processing plants. The Company's new plant at Chennai with steel profiling, cutting, slitting lines and heavy duty pressing facilities commenced commercial production from April, 2008. Pennar Engineered Building Systems Limited (Pebs), became a subsidiary in June, 2009 and commenced commercial production effective Jan.01, 2010. The Company launched new product lines including CDW/ERW tubes, sheet pilings and solar structurals in 2011-12. The expansion of manufacturing facilities at its Isnapur and Tarapur plant also added new production capacity for CDW tubes and increased capacities for precision tubes for automobiles and fabrication facilities. The Company in year 2019, added New Product range in the existing including Jack Cylinder-Bailey, Action Construction Equipment, AGCO, Kone-Elevator Bed Plate, DTX- Rod clevis, and Venus -Bottom Cover.

In May 2019, Company forayed into engineering products for the aerospace industry by establishing a production facility in Hyderabad. The wholly owned subsidiaries, Pennar Engineered Building Systems Limited (PEBS Pennar) and Pennar Enviro Limited (PEL) with the Company in June, 2019.

In July 2019 Company set up greenfield integrated coach manufacturing facility at Raebareli. In September 2019, the Company doubled it's cold drawn welded (CDW ) tubes manufacturing capacity. It set up a greenfield plant to produce CDW tubes of up to 150 mm diameter and the thickness of 10 mm. In February 2020, Company acquired One works BIM Technologies.

In 2022-23, the wholly owned subsidiary by the name of 'Pennar Metals Private Limited' was incorporated on June 22, 2023.

The Company commenced development of a new manufacturing unit in Raebareli in FY 2024. It commissioned the manufacturing plant at Trichy in FY 2024.

The Company expanded the reach with the establishment of a new PEB Plant in Raebareli to serve Northern and Eastern India in FY 2025. The Pennar-Zetwerk Joint Venture marked the entry into solar-module manufacturing in 2025.

Parent organization Pennar
NSE symbol PENIND
Founded 1975
stock
Trade stocks with ease

Sign-in to trade with your demat account, or set up a new demat account for free

Board Of Directors

Left Arrow
Ravi Venkata Siva Ramakrishna Chairman & Independent Director
Aditya N Rao Vice Chairman / Executive Director / MD
K Lavanya Kumar E D & Wholetime Director
Eric James Brown Non Executive Director
Chandrasekhar Sripada Independent Non Exe. Director
V S Parthasarathy Independent Non Exe. Director
Sharma Virginia Independent Non Exe. Director
Mirza Mohammed Ali Baig Company Sec. & Compli. Officer
Right Arrow

Similar stocks

Left Arrow
similar-logo JSWSTEEL
-0.70%
1283.7 -9.10
down-arrow
similar-logo TATASTEEL
-0.20%
209.29 -0.42
down-arrow
similar-logo JINDALSTEL
-0.44%
1226.3 -5.50
down-arrow
similar-logo SAIL
3.27%
199.05 6.32
down-arrow
similar-logo JSL
-1.26%
739.2 -9.45
down-arrow
similar-logo SHYAMMETL
2.17%
905.9 19.25
down-arrow
similar-logo GPIL
2.55%
290.55 7.25
down-arrow
similar-logo SARDAEN
0.23%
538.05 1.25
down-arrow
similar-logo GALLANTT
-2.11%
674.85 -14.55
down-arrow
similar-logo USHAMART
-0.05%
469 -0.25
down-arrow
Right Arrow

Frequently Asked Questions

What is the Current Share Price of Pennar Industries Ltd?

Answer Field

Pennar Industries Ltd share price is for NSE ₹ 151.69 & for BSE ₹ 151.80 as on May 19 2026 03:30 PM.

What is the Market Cap of Pennar Industries Ltd Share?

Answer Field

The market cap of Pennar Industries Ltd for NSE ₹ 0.00 & for BSE ₹ 0.00 as on May 19 2026 03:30 PM.

What is the 52 Week High and Low of Pennar Industries Ltd?

Answer Field

The 52 Week High and Low of Pennar Industries Ltd for NSE is ₹ 279.90 and ₹ 129.10 and for BSE is ₹ 279.80 and ₹ 128.90.

What is 1 year return for Pennar Industries Ltd?

Answer Field

The 1 year returns on the stock has been -23.41%.

What is the P/E Ratio of Pennar Industries Ltd Share?

Answer Field

As on May 19 2026 03:30 PM the price-to-earnings (PE) ratio for Pennar Industries Ltd share is 20.44.

What is the PB ratio of Pennar Industries Ltd Share?

Answer Field

As on May 19 2026 03:30 PM, the price-to-book (PB) ratio for Pennar Industries Ltd share is 68.60.

How to Buy Pennar Industries Ltd Share?

Answer Field

You can trade in Pennar Industries Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Pennar Industries Ltd Share on Bajaj Broking App?

Answer Field

To buy Pennar Industries Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Pennar Industries Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

No results found

close-image

Get Free Demat Account*

+91
close-img

Authorise with OTP

Enter the 4-Digit OTP sent to
edit
OTP expires in 00:59
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Products

arrow

Calculators

arrow

Platforms

arrow

Mutual Funds & SIP

arrow

Important Links

arrow

Explore

arrow

Corporate

arrow

Discover

arrow

Popular Stocks

arrow

Indian Indices

arrow

Global Indices

arrow

Sector Wise Stocks

arrow

IPO

arrow

ATTENTION INVESTORS:

“Investments in securities market are subject to market risk, read all the scheme related documents carefully before investing."

"Prevent Unauthorized transactions in your Trading/Demat Account. Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL/NSDL at the end of the day. Issued in the interest of investors."

" We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services."  

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker."

Bajaj Financial Securities Limited is a subsidiary of Bajaj Finance Limited and is a corporate trading and clearing member of BSE Ltd. and National Stock Exchange of India Ltd. (NSEIL), and also a Depository participant with National Securities Depository Ltd (“NSDL”) and Central Depository Services Ltd. (“CDSL”).

Bajaj Financial Securities Limited is engaged in the business of Stock Broking and as a Depository Participant.Bajaj Financial Securities Limited does not provide any advisory services to its clients. Bajaj Financial Securities Limited may share updates from time to time (through various electronic communication modes) which are sourced from public domain and the same are NOT to be construed as any advice or recommendation from Bajaj Financial Securities Limited. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever.

BSE Ltd. is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

BSE Ltd. is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Personal Loan, Fixed Deposit, EMI Card are provided by Bajaj Finance Limited. Bajaj Financial Securities Limited is only a distributor. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Please Note:

  1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

  2. Update your mobile number & email ID with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

  3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

  4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.

  5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language: BSE | NSE

If the client wishes to revoke /cancel the EDIS mandate placed by them, they can write on email us or call on the toll free number.

Advisory for Investors : NSE | BSE

We also do pro-account trading in Equity & Derivatives Segment.

Filling complaints on SCORES - Easy & Quick

A.  Register on SCORES portal B. Mandatory details for filling complaints on SCORES (i) Name, PAN, Address, Mobile Number, E-mail ID C. Benefits: (i) Effective Communication (ii) Speedy redressal of the grievances.

SEBI Registration No.: INZ000218931 | BSE Cash/CDS/F&O (Member ID: 6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403 Research Analyst SEBI Registration No. INH000010043

Compliance officer:

Mr. Boudhayan Ghosh 
TEL: 020-48574486
Email for any investor grievances or write to us for DP related matters.

DISCLAIMER

STANDARD DISCLAIMER

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

Website: Bajaj Broking

RESEARCH DISCLAIMER

Broking services offered by Bajaj Financial Securities Limited | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014 | CIN: U67120PN2010PLC136026 | Research Analyst SEB I Registration No: INH000010043.

Details of Compliance Officer: 

Mr. Boudhayan Ghosh (For Broking/DP/Research)
Email | Contact No.: 020-4857 4486 

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

DISCLOSURES

Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations) 

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.