Parin Enterprises Ltd
Incorporated in 1983, Parin Enterprises Ltd is in the business of manufacturing and selling different categories of furniture[1]
- Market Cap ₹ 592 Cr.
- Current Price ₹ 532
- High / Low ₹ 560 / 312
- Stock P/E 107
- Book Value ₹ 49.4
- Dividend Yield 0.04 %
- ROCE 11.6 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 18.5% CAGR over last 5 years
- Debtor days have improved from 200 to 151 days.
Cons
- Stock is trading at 10.8 times its book value
- The company has delivered a poor sales growth of 8.12% over past five years.
- Company has a low return on equity of 6.86% over last 3 years.
- Company has high debtors of 151 days.
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15.77 | 27.56 | 61.45 | 58.45 | 64.16 | 70.59 | 66.29 | 82.78 | 75.71 | 80.85 | 79.26 | 97.96 | |
15.33 | 26.86 | 56.62 | 54.10 | 57.40 | 64.33 | 61.06 | 74.74 | 68.18 | 73.43 | 72.04 | 84.39 | |
Operating Profit | 0.44 | 0.70 | 4.83 | 4.35 | 6.76 | 6.26 | 5.23 | 8.04 | 7.53 | 7.42 | 7.22 | 13.57 |
OPM % | 2.79% | 2.54% | 7.86% | 7.44% | 10.54% | 8.87% | 7.89% | 9.71% | 9.95% | 9.18% | 9.11% | 13.85% |
0.00 | 0.00 | 0.09 | 1.50 | 0.11 | 0.34 | 0.48 | 0.52 | 0.44 | 0.26 | 0.11 | -0.57 | |
Interest | 0.00 | 0.00 | 2.60 | 3.02 | 2.58 | 2.10 | 2.04 | 2.84 | 2.66 | 2.75 | 3.48 | 3.32 |
Depreciation | 0.00 | 0.00 | 0.70 | 0.77 | 0.72 | 0.49 | 0.51 | 1.06 | 1.56 | 1.17 | 1.22 | 2.58 |
Profit before tax | 0.44 | 0.70 | 1.62 | 2.06 | 3.57 | 4.01 | 3.16 | 4.66 | 3.75 | 3.76 | 2.63 | 7.10 |
Tax % | 63.64% | 32.86% | 37.65% | 34.47% | 29.41% | 32.42% | 25.32% | 37.55% | 23.20% | 29.26% | 23.57% | 29.30% |
0.17 | 0.48 | 1.02 | 1.36 | 2.53 | 2.70 | 2.36 | 2.91 | 2.89 | 2.65 | 2.01 | 5.03 | |
EPS in Rs | 5.67 | 16.00 | 34.00 | 45.33 | 3.12 | 2.43 | 2.12 | 2.62 | 2.60 | 2.38 | 1.81 | 4.52 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.42% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 9% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 24% |
TTM: | 175% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 50% |
3 Years: | 66% |
1 Year: | 57% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.30 | 0.30 | 0.30 | 0.30 | 8.12 | 11.12 | 11.12 | 11.12 | 11.12 | 11.12 | 11.12 | 11.12 |
Reserves | 1.82 | 2.19 | 3.99 | 5.35 | 7.54 | 26.15 | 28.50 | 31.41 | 34.30 | 36.95 | 38.95 | 43.76 |
4.21 | 7.64 | 25.87 | 29.44 | 23.60 | 13.24 | 21.17 | 27.31 | 29.17 | 34.91 | 36.20 | 50.24 | |
1.06 | 2.90 | 9.48 | 8.36 | 6.88 | 2.42 | 9.79 | 12.53 | 17.68 | 39.90 | 16.41 | 18.28 | |
Total Liabilities | 7.39 | 13.03 | 39.64 | 43.45 | 46.14 | 52.93 | 70.58 | 82.37 | 92.27 | 122.88 | 102.68 | 123.40 |
1.19 | 1.42 | 1.61 | 1.97 | 1.70 | 1.30 | 1.62 | 6.49 | 5.66 | 4.73 | 5.87 | 18.44 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 0.19 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 4.06 | 4.06 | 4.06 | 4.06 | 4.06 | 4.06 | 4.06 | 4.57 |
6.20 | 11.61 | 38.03 | 41.48 | 40.38 | 47.57 | 64.90 | 71.82 | 82.55 | 113.88 | 92.56 | 100.39 | |
Total Assets | 7.39 | 13.03 | 39.64 | 43.45 | 46.14 | 52.93 | 70.58 | 82.37 | 92.27 | 122.88 | 102.68 | 123.40 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | -8.55 | 0.35 | 5.84 | 4.61 | -5.18 | 2.89 | -0.54 | 0.51 | 0.47 | 4.97 | |
0.00 | 0.00 | -1.31 | -0.78 | -0.33 | 0.08 | -0.59 | -5.71 | -0.62 | -0.30 | -2.24 | -15.36 | |
0.00 | 0.00 | 10.89 | 0.82 | -5.24 | -3.79 | 6.43 | 2.49 | 0.15 | 2.99 | -2.18 | 10.72 | |
Net Cash Flow | 0.00 | 0.00 | 1.04 | 0.38 | 0.26 | 0.90 | 0.65 | -0.33 | -1.01 | 3.20 | -3.96 | 0.33 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52.08 | 60.39 | 103.35 | 111.34 | 98.02 | 67.17 | 166.34 | 143.13 | 216.08 | 260.67 | 188.58 | 151.31 |
Inventory Days | 154.46 | 187.04 | 144.10 | 161.32 | 197.00 | 182.53 | 229.67 | 308.70 | 316.57 | 306.99 | ||
Days Payable | 54.05 | 53.31 | 38.21 | 5.55 | 56.59 | 62.24 | 100.53 | 249.85 | 97.30 | 70.31 | ||
Cash Conversion Cycle | 52.08 | 60.39 | 203.76 | 245.07 | 203.91 | 222.93 | 306.74 | 263.42 | 345.22 | 319.52 | 407.84 | 387.99 |
Working Capital Days | 108.55 | 101.58 | 158.47 | 116.15 | 120.38 | 144.83 | 190.13 | 144.18 | 204.17 | 174.85 | 204.74 | 184.25 |
ROCE % | 7.69% | 8.51% | 15.23% | 17.27% | 13.61% | 9.34% | 11.48% | 8.88% | 8.26% | 7.22% | 11.61% |
Documents
Announcements
-
Bagging/Receiving of orders/contracts
8 October 2025 - Received Rs.10 lakh contract on 8 Oct 2025 to supply education furniture to ten Gujarat universities.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
4 October 2025 - RTA certificate for quarter ended Sep 30, 2025: no dematerialisation/rematerialisation requests received.
-
Trading Window
27 September 2025 - Trading window closed from 1 Oct 2025 until 48 hours after unaudited results for half-year ended 30 Sep 2025.
-
Bagging/Receiving of orders/contracts
25 September 2025 - Supply of airport furniture to Silchar Airport for Rs.19.40 lakh; intimation received 24 Sep 2025.
-
Shareholders meeting
23 September 2025 - All five AGM resolutions passed on 22 Sep 2025, incl. financials, MD reappointment/remuneration, auditors, related-party approval.
Business Objectives:[1]
The company is engaged in furniture manufacturing, while three other business activities—automobile manufacturing and trading, retail and wholesale of electronic and telecom products, and real estate and construction—are currently in the pipeline and yet to commence.