Parin Furniture Ltd

Parin Furniture Ltd

₹ 147 1.38%
23 Apr - close price
About

Incorporated in 1983, Parin Furniture Ltd is a manufacturer, supplier and trader of various types of furniture[1]

Key Points

Business Overview:[1][2]
Company is a furniture manufacturing brand in India. It deals in Hospital Furniture, Education and Institutional Products, Office desking and Seating solutions, Public seating solutions, and Housing furniture like sofa-set, dining table with chairs, centre tables, motor and non motorised recliner chair, bedroom furniture, bedroom wardrobe, living room furniture, living room centre table, living room TV unit etc. It also does customised products for OEM partners & Projects

  • Market Cap 163 Cr.
  • Current Price 147
  • High / Low 155 / 64.6
  • Stock P/E 42.2
  • Book Value 44.6
  • Dividend Yield 0.00 %
  • ROCE 8.26 %
  • ROE 5.67 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.30 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.73% over past five years.
  • Company has a low return on equity of 6.41% over last 3 years.
  • Company has high debtors of 261 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.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
45 26 40 41 42 22 53 23 58 45
41 24 37 38 37 21 47 21 53 41
Operating Profit 4 2 3 3 5 1 6 2 5 4
OPM % 8% 7% 8% 8% 11% 6% 11% 10% 9% 9%
0 0 0 0 1 1 -0 0 0 0
Interest 1 1 1 1 2 1 1 1 2 2
Depreciation 0 0 0 0 1 1 1 1 1 1
Profit before tax 3 1 2 2 3 0 4 0 3 2
Tax % 34% 28% 24% 14% 52% 24% 27% 42% 28% 21%
2 1 2 2 1 0 3 0 2 1
EPS in Rs 1.60 0.64 1.48 1.37 1.24 0.22 2.37 0.22 2.17 1.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8 13 16 28 61 58 64 71 66 83 76 81 103
8 13 15 27 57 54 57 64 61 75 68 73 94
Operating Profit 0 0 0 1 5 4 7 6 5 8 8 7 9
OPM % 2% 2% 3% 3% 8% 7% 11% 9% 8% 10% 10% 9% 9%
0 0 0 0 0 2 0 0 0 1 0 0 0
Interest 0 0 0 0 3 3 3 2 2 3 3 3 3
Depreciation 0 0 0 0 1 1 1 0 1 1 2 1 1
Profit before tax 0 0 0 1 2 2 4 4 3 5 4 4 5
Tax % 44% 26% 64% 33% 38% 34% 29% 32% 25% 38% 23% 29%
0 0 0 0 1 1 3 3 2 3 3 3 4
EPS in Rs 3.67 7.67 5.67 16.00 34.00 45.33 3.12 2.43 2.12 2.62 2.60 2.38 3.48
Dividend Payout % 0% 0% 0% 0% 0% 6% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 5%
3 Years: 7%
TTM: 37%
Compounded Profit Growth
10 Years: 19%
5 Years: 0%
3 Years: 4%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: 17%
3 Years: 42%
1 Year: 56%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 0 0 0 8 11 11 11 11 11 11
Reserves 1 2 2 2 4 5 8 26 28 31 34 37 38
3 3 4 8 26 29 24 13 21 27 29 35 33
2 1 1 3 9 8 7 2 10 13 18 40 23
Total Liabilities 6 6 7 13 40 43 46 53 71 82 92 123 106
1 1 1 1 2 2 2 1 2 6 6 5 5
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 4 4 4 4 4 4 4
5 6 6 12 38 41 40 48 65 72 83 114 97
Total Assets 6 6 7 13 40 43 46 53 71 82 92 123 106

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 0 0 -9 0 6 5 -5 3 -1 1
0 0 0 0 -1 -1 -0 0 -1 -6 -1 -0
0 0 0 0 11 1 -5 -4 6 2 0 3
Net Cash Flow 0 0 0 0 1 0 0 1 1 -0 -1 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56 39 52 60 103 111 98 67 166 143 216 261
Inventory Days 154 187 144 161 197 183 230 309
Days Payable 54 53 38 6 57 62 101 250
Cash Conversion Cycle 56 39 52 60 204 245 204 223 307 263 345 320
Working Capital Days 164 116 109 102 158 194 170 196 266 223 292 302
ROCE % 6% 8% 9% 15% 17% 14% 9% 11% 9% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Oct 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.02% 73.02% 73.02% 73.02%
2.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
24.43% 26.98% 26.98% 26.99% 26.99% 26.99% 26.98% 26.98% 26.98% 26.98% 26.98% 26.98%
No. of Shareholders 600145131126127114114115133133211180

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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