Pennar Industries is leading engineering company engaged in providing engineering products in India and abroad. The company's products include systems and projects, industrial components, steel products and tubes. It has grown small futuristic business into sizeable businesses like PEBS, enviro, hydraulics, rail coach components, Industrial and white goods components which have immense growth potential and expected to grow much faster in the next 3-4 years. In Q1FY18, the company received orders worth Rs 202 crore for railways products, solar and precision tubes. Increasing industrial requirement for warehouses and government initiatives like 'Housing for All' by 2022 would create ample opportunities in pre-engineered building (PEB) segment of the company. Hence, we recommend our readers to BUY the scrip.