Parshwanath Corporation Ltd
Incorporated in 1967, Parshwanath Corporation is engaged in the business of construction and development of residential and commercial projects in India.
- Market Cap ₹ 15.8 Cr.
- Current Price ₹ 50.5
- High / Low ₹ 85.0 / 26.1
- Stock P/E 30.4
- Book Value ₹ 36.0
- Dividend Yield 0.00 %
- ROCE 2.50 %
- ROE 2.20 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.9% over past five years.
- Company has a low return on equity of 2.42% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Realty Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12.71 | 1.80 | 0.74 | 1.32 | 0.89 | 0.24 | 0.31 | 0.65 | 0.98 | 0.44 | 0.41 | 0.52 | 0.80 | |
| 9.57 | 1.03 | 0.76 | 0.67 | 0.55 | 0.62 | 0.83 | 0.68 | 0.74 | 0.65 | 0.58 | 0.75 | 0.81 | |
| Operating Profit | 3.14 | 0.77 | -0.02 | 0.65 | 0.34 | -0.38 | -0.52 | -0.03 | 0.24 | -0.21 | -0.17 | -0.23 | -0.01 |
| OPM % | 24.70% | 42.78% | -2.70% | 49.24% | 38.20% | -158.33% | -167.74% | -4.62% | 24.49% | -47.73% | -41.46% | -44.23% | -1.25% |
| 1.36 | 0.06 | 0.01 | 0.02 | 0.05 | 0.65 | 0.59 | 0.70 | 0.73 | 0.76 | 0.53 | 0.57 | 0.69 | |
| Interest | 0.00 | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.02 | 0.09 | 0.09 | 0.15 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 4.48 | 0.71 | -0.14 | 0.52 | 0.29 | 0.17 | -0.03 | 0.57 | 0.87 | 0.55 | 0.36 | 0.34 | 0.68 |
| Tax % | 14.06% | 15.49% | 0.00% | -15.38% | -3.45% | 23.53% | 0.00% | 19.30% | 16.09% | 16.36% | 16.67% | 17.65% | |
| 3.86 | 0.60 | -0.14 | 0.61 | 0.29 | 0.13 | -0.03 | 0.46 | 0.73 | 0.45 | 0.30 | 0.29 | 0.57 | |
| EPS in Rs | 10.72 | 1.67 | -0.39 | 1.95 | 0.93 | 0.42 | -0.10 | 1.47 | 2.33 | 1.44 | 0.96 | 0.93 | 1.81 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | 11% |
| 3 Years: | -19% |
| TTM: | 82% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | 40% |
| 3 Years: | -28% |
| TTM: | 160% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | % |
| 3 Years: | 21% |
| 1 Year: | 78% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 4% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 |
| Reserves | 4.38 | 4.98 | 4.83 | 5.31 | 5.60 | 5.72 | 5.69 | 6.15 | 6.88 | 7.34 | 7.63 | 7.92 | 8.16 |
| 0.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.24 | 0.31 | 0.40 | |
| 1.27 | 0.59 | 0.12 | 0.09 | 0.09 | 0.08 | 0.11 | 0.07 | 0.15 | 0.12 | 0.11 | 0.19 | 0.11 | |
| Total Liabilities | 9.63 | 8.57 | 7.95 | 8.53 | 8.82 | 8.93 | 8.94 | 9.35 | 10.16 | 10.59 | 11.11 | 11.55 | 11.80 |
| 0.12 | 0.78 | 0.69 | 0.55 | 0.44 | 0.34 | 0.24 | 0.14 | 0.04 | 0.00 | 0.00 | 0.01 | 0.01 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.92 | 0.15 | 0.14 | 0.07 | 0.07 | 0.06 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| 7.59 | 7.64 | 7.12 | 7.91 | 8.31 | 8.53 | 8.69 | 9.21 | 10.12 | 10.59 | 11.10 | 11.53 | 11.78 | |
| Total Assets | 9.63 | 8.57 | 7.95 | 8.53 | 8.82 | 8.93 | 8.94 | 9.35 | 10.16 | 10.59 | 11.11 | 11.55 | 11.80 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.31 | 0.08 | -0.63 | 0.98 | -0.27 | -0.42 | -0.70 | -0.01 | 0.30 | -0.31 | -0.25 | -0.15 | |
| 4.51 | 1.02 | 0.00 | 0.00 | 0.61 | 0.60 | 0.55 | 0.63 | 0.61 | 0.69 | 0.47 | 0.51 | |
| 0.98 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | -0.01 | 0.00 | 0.00 | 0.24 | 0.07 | |
| Net Cash Flow | 6.80 | 0.10 | -0.63 | 0.98 | 0.34 | 0.18 | -0.15 | 0.61 | 0.91 | 0.38 | 0.46 | 0.43 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1.15 | 6.08 | 14.80 | 8.30 | 12.30 | 45.62 | 23.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory Days | 9.62 | 0.00 | ||||||||||
| Days Payable | 18.36 | |||||||||||
| Cash Conversion Cycle | -7.59 | 6.08 | 14.80 | 8.30 | 12.30 | 45.62 | 23.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Days | -5.74 | -8.11 | 118.38 | 13.83 | 49.21 | 243.33 | 529.84 | 202.15 | 108.01 | 331.82 | 409.51 | 273.75 |
| ROCE % | 75.42% | 9.06% | -1.27% | 6.39% | 2.91% | 1.48% | -0.79% | 5.19% | 7.98% | 3.32% | 2.89% | 2.50% |
Documents
Announcements
- Compliance Certificate For The Year Ended On 31/03/2024. 4h
- Compliance Certifcate Under Regulation 40(9) Of SEBI LODR. 26 Apr
- Announcement Under Regulation 30 For Resignation And Appointment Of Internal Auditor. 18 Apr
- Board Meeting Outcome for To Consider Appointment And Resignation Of Internal Auditor. 18 Apr
- Disclosure Regarding Non - Applicability Of Large Corporate 17 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
Company is a part of Parshwanath Group which is comprised of 4 firms namely Shree Parshwanath Corporation, Parshwanath Realty Pvt. Ltd., Parshwanath Corporation, Parshwanath Corporation Ltd. Company is associated with more than 123 projects, 21,000 Unit, 1,41,78,000 sq.ft. of built up spaces & 2,92,78,000 sq.ft of land development in Ahmedabad.