Parshva Enterprises Ltd
Incorporated in 2017, Parshva Enterprises 
Ltd  is in the business of buying and selling
of Diamonds[1]
- Market Cap ₹ 192 Cr.
 - Current Price ₹ 189
 - High / Low ₹ 379 / 150
 - Stock P/E 802
 - Book Value ₹ 13.5
 - Dividend Yield 0.00 %
 - ROCE 3.12 %
 - ROE 1.76 %
 - Face Value ₹ 10.0
 
Pros
- Company has reduced debt.
 - Company is almost debt free.
 - Debtor days have improved from 90.9 to 41.7 days.
 
Cons
- Stock is trading at 14.0 times its book value
 - Though the company is reporting repeated profits, it is not paying out dividend
 - Company has a low return on equity of 2.02% over last 3 years.
 - Company's cost of borrowing seems high
 
* 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
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 9m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 4.76 | 7.09 | 10.04 | 10.31 | 13.51 | 18.29 | 25.12 | 24.77 | 25.32 | |
| 4.69 | 6.68 | 9.57 | 10.00 | 13.10 | 17.83 | 24.61 | 24.17 | 24.77 | |
| Operating Profit | 0.07 | 0.41 | 0.47 | 0.31 | 0.41 | 0.46 | 0.51 | 0.60 | 0.55 | 
| OPM % | 1.47% | 5.78% | 4.68% | 3.01% | 3.03% | 2.52% | 2.03% | 2.42% | 2.17% | 
| 0.01 | 0.04 | -0.13 | 0.02 | 0.00 | -0.01 | -0.01 | -0.04 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.03 | 0.03 | 0.06 | 0.11 | 0.12 | 0.12 | 0.09 | 
| Depreciation | 0.02 | 0.05 | 0.08 | 0.07 | 0.06 | 0.05 | 0.04 | 0.15 | 0.14 | 
| Profit before tax | 0.06 | 0.40 | 0.23 | 0.23 | 0.29 | 0.29 | 0.34 | 0.29 | 0.32 | 
| Tax % | 33.33% | 27.50% | 26.09% | 26.09% | 27.59% | 27.59% | 23.53% | 24.14% | |
| 0.04 | 0.30 | 0.17 | 0.17 | 0.21 | 0.21 | 0.26 | 0.21 | 0.24 | |
| EPS in Rs | 0.07 | 0.45 | 0.18 | 0.18 | 0.21 | 0.21 | 0.26 | 0.21 | 0.24 | 
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 20% | 
| 3 Years: | 22% | 
| TTM: | -3% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | -4% | 
| 3 Years: | 3% | 
| TTM: | -23% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 42% | 
| 3 Years: | 3% | 
| 1 Year: | 13% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 2% | 
| 3 Years: | 2% | 
| Last Year: | 2% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.20 | 3.01 | 3.01 | 10.05 | 10.05 | 10.19 | 10.19 | 
| Reserves | 0.04 | 1.04 | 4.05 | 4.21 | 0.23 | 0.45 | 3.36 | 3.57 | 
| 0.00 | 0.23 | 0.18 | 1.06 | 0.97 | 0.93 | 0.94 | 0.61 | |
| 0.02 | 0.11 | 0.10 | 0.10 | 0.33 | 0.18 | 2.14 | 2.36 | |
| Total Liabilities | 2.06 | 3.58 | 7.34 | 8.38 | 11.58 | 11.61 | 16.63 | 16.73 | 
| 0.13 | 0.27 | 0.19 | 0.19 | 0.16 | 0.12 | 0.22 | 0.20 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 
| 1.93 | 3.31 | 7.15 | 8.19 | 11.42 | 11.49 | 16.39 | 16.51 | |
| Total Assets | 2.06 | 3.58 | 7.34 | 8.38 | 11.58 | 11.61 | 16.63 | 16.73 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -1.59 | -1.37 | -2.35 | -0.09 | -3.41 | 0.06 | 1.67 | 3.35 | |
| -0.17 | 0.01 | -1.24 | 0.01 | 0.36 | -0.01 | -4.15 | -3.41 | |
| 2.00 | 0.90 | 3.65 | -0.03 | 2.80 | -0.10 | 2.68 | -0.11 | |
| Net Cash Flow | 0.24 | -0.46 | 0.05 | -0.10 | -0.25 | -0.05 | 0.19 | -0.16 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 21.81 | 65.49 | 123.20 | 114.35 | 116.53 | 41.70 | 
| Inventory Days | 72.36 | 150.29 | 180.92 | 167.18 | 88.67 | 41.74 | 73.68 | |
| Days Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30.05 | 33.36 | |
| Cash Conversion Cycle | 72.36 | 150.29 | 202.73 | 232.68 | 123.20 | 203.02 | 128.22 | 82.02 | 
| Working Capital Days | 128.82 | 149.81 | 246.85 | 247.11 | 270.44 | 211.14 | 198.19 | 198.19 | 
| ROCE % | 14.52% | 8.22% | 3.61% | 3.79% | 3.62% | 3.63% | 3.12% | 
Documents
Announcements
- 
        
          Board Meeting Intimation for Board Meeting To Held On 7Th  November, 2025
          
            23h - Board meeting on 7 Nov 2025 to approve Q2/H1 results ending Sep 30, 2025; trading window closed Oct 1–Nov 9.
 - 
        
          Corporate Action-Updates on Amalgamation/ Merger / Demerger
          
            28 Oct - Record date changed from 29 Oct 2025 to 5 Nov 2025; 3-for-10 allotment.
 - 
        
          Effective Date Of Scheme Of Arrangement Between Parshva Enterprises Limited (''''Demerged Company) And Simandhar Impex Limited (''''Resulting Company'''') And Their Respective Shareholders And Creditors
          
            17 Oct - Scheme between Parshva Enterprises and Simandhar Impex effective 17-Oct-2025; appointed date 01-Apr-2024.
 - Corporate Action-Amalgamation/ Merger / Demerger 15 Oct
 - 
        
          Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
          
            14 Oct - Simandhar Impex approved board committees; Harsh Vora appointed Chairperson; JSD & Associates secretarial auditors for FY2025-26.
 
Business Overview:[1]
PEL is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery. It supplies polished diamonds to wholesalers, jewellery manufacturers, traders and retailers in India