Parin Furniture Ltd
Incorporated in 1983, Parin Furniture Ltd is a manufacturer, supplier and trader of various types of furniture[1]
- Market Cap ₹ 287 Cr.
- Current Price ₹ 258
- High / Low ₹ 259 / 64.6
- Stock P/E 143
- Book Value ₹ 45.0
- Dividend Yield 0.00 %
- ROCE 7.36 %
- ROE 4.18 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.73 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.34% over past five years.
- Company has a low return on equity of 5.44% over last 3 years.
- Company has high debtors of 266 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13.37 | 15.77 | 27.56 | 61.45 | 58.45 | 64.16 | 70.59 | 66.29 | 82.78 | 75.71 | 80.85 | 79.26 | |
13.06 | 15.33 | 26.86 | 56.62 | 54.10 | 57.40 | 64.33 | 61.06 | 74.74 | 68.18 | 73.43 | 72.04 | |
Operating Profit | 0.31 | 0.44 | 0.70 | 4.83 | 4.35 | 6.76 | 6.26 | 5.23 | 8.04 | 7.53 | 7.42 | 7.22 |
OPM % | 2.32% | 2.79% | 2.54% | 7.86% | 7.44% | 10.54% | 8.87% | 7.89% | 9.71% | 9.95% | 9.18% | 9.11% |
0.00 | 0.00 | 0.00 | 0.09 | 1.50 | 0.11 | 0.34 | 0.48 | 0.52 | 0.44 | 0.26 | 0.11 | |
Interest | 0.00 | 0.00 | 0.00 | 2.60 | 3.02 | 2.58 | 2.10 | 2.04 | 2.84 | 2.66 | 2.75 | 3.48 |
Depreciation | 0.00 | 0.00 | 0.00 | 0.70 | 0.77 | 0.72 | 0.49 | 0.51 | 1.06 | 1.56 | 1.17 | 1.22 |
Profit before tax | 0.31 | 0.44 | 0.70 | 1.62 | 2.06 | 3.57 | 4.01 | 3.16 | 4.66 | 3.75 | 3.76 | 2.63 |
Tax % | 25.81% | 63.64% | 32.86% | 37.65% | 34.47% | 29.41% | 32.42% | 25.32% | 37.55% | 23.20% | 29.26% | 23.57% |
0.23 | 0.17 | 0.48 | 1.02 | 1.36 | 2.53 | 2.70 | 2.36 | 2.91 | 2.89 | 2.65 | 2.01 | |
EPS in Rs | 7.67 | 5.67 | 16.00 | 34.00 | 45.33 | 3.12 | 2.43 | 2.12 | 2.62 | 2.60 | 2.38 | 1.81 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | -1% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | -12% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 70% |
1 Year: | 238% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 5% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 8.12 | 11.12 | 11.12 | 11.12 | 11.12 | 11.12 | 11.12 |
Reserves | 1.55 | 1.82 | 2.19 | 3.99 | 5.35 | 7.54 | 26.15 | 28.50 | 31.41 | 34.30 | 36.95 | 38.95 |
3.26 | 4.21 | 7.64 | 25.87 | 29.44 | 23.60 | 13.24 | 21.17 | 27.31 | 29.17 | 34.91 | 36.20 | |
1.39 | 1.06 | 2.90 | 9.48 | 8.36 | 6.88 | 2.42 | 9.79 | 12.53 | 17.68 | 39.90 | 16.41 | |
Total Liabilities | 6.50 | 7.39 | 13.03 | 39.64 | 43.45 | 46.14 | 52.93 | 70.58 | 82.37 | 92.27 | 122.88 | 102.68 |
0.72 | 1.19 | 1.42 | 1.61 | 1.97 | 1.70 | 1.30 | 1.62 | 6.49 | 5.66 | 4.94 | 6.06 | |
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 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.06 | 4.06 | 4.06 | 4.06 | 4.06 | 4.06 | 4.06 |
5.78 | 6.20 | 11.61 | 38.03 | 41.48 | 40.38 | 47.57 | 64.90 | 71.82 | 82.55 | 113.88 | 92.56 | |
Total Assets | 6.50 | 7.39 | 13.03 | 39.64 | 43.45 | 46.14 | 52.93 | 70.58 | 82.37 | 92.27 | 122.88 | 102.68 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.00 | -8.55 | 0.35 | 5.84 | 4.61 | -5.18 | 2.89 | -0.54 | 0.51 | 0.47 | |
0.00 | 0.00 | 0.00 | -1.31 | -0.78 | -0.33 | 0.08 | -0.59 | -5.71 | -0.62 | -0.30 | -2.24 | |
0.00 | 0.00 | 0.00 | 10.89 | 0.82 | -5.24 | -3.79 | 6.43 | 2.49 | 0.15 | 2.99 | -2.18 | |
Net Cash Flow | 0.00 | 0.00 | 0.00 | 1.04 | 0.38 | 0.26 | 0.90 | 0.65 | -0.33 | -1.01 | 3.20 | -3.96 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 39.04 | 52.08 | 60.39 | 103.35 | 111.34 | 98.02 | 67.17 | 166.34 | 143.13 | 216.08 | 260.67 | |
Inventory Days | 154.46 | 187.04 | 144.10 | 161.32 | 197.00 | 182.53 | 229.67 | 308.70 | ||||
Days Payable | 54.05 | 53.31 | 38.21 | 5.55 | 56.59 | 62.24 | 100.53 | 249.85 | ||||
Cash Conversion Cycle | 39.04 | 52.08 | 60.39 | 203.76 | 245.07 | 203.91 | 222.93 | 306.74 | 263.42 | 345.22 | 319.52 | |
Working Capital Days | 115.75 | 108.55 | 101.58 | 158.47 | 193.52 | 170.50 | 195.81 | 266.44 | 222.89 | 292.35 | 301.53 | |
ROCE % | 6.39% | 7.69% | 8.51% | 15.23% | 17.27% | 13.61% | 9.34% | 11.48% | 8.88% | 8.26% |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
4 July 2024 - Parin Furniture Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Appointment
5 June 2024 - Parin Furniture Limited has informed regarding Appointment of Mr PARIN UMESHBHAI NANDANI as Executive Director of the company w.e.f. Jun 10, 2024.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
5 June 2024 - PARIN FURNITURE LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Outcome of Board Meeting
5 June 2024 - Parin Furniture Limited has informed regarding Board meeting held on Jun 05, 2024 for Re-appointment of Mr. Parin Umeshbhai Nandani (DIN: 02343309) as Whole-Time Director …
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Updates
30 May 2024 - Parin Furniture Limited has informed regarding 'Audited Financial Results for period ended 31st March 2024'.
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