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 85.5
- Book Value ₹ 57.5
- Dividend Yield 0.04 %
- ROCE 11.7 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 181 to 98.8 days.
- Company's working capital requirements have reduced from 186 days to 106 days
Cons
- Stock is trading at 9.27 times its book value
- Company has a low return on equity of 7.05% 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 65 | 71 | 67 | 84 | 77 | 81 | 82 | 168 | |
| 55 | 62 | 58 | 72 | 66 | 72 | 73 | 148 | |
| Operating Profit | 10 | 9 | 9 | 12 | 10 | 9 | 9 | 19 |
| OPM % | 15% | 13% | 13% | 14% | 13% | 11% | 11% | 11% |
| 0 | 0 | 1 | 1 | 1 | 1 | 0 | -1 | |
| Interest | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 4 |
| Profit before tax | 6 | 6 | 5 | 7 | 6 | 5 | 3 | 9 |
| Tax % | 33% | 33% | 29% | 34% | 27% | 32% | 26% | 22% |
| 4 | 4 | 4 | 5 | 4 | 3 | 2 | 7 | |
| EPS in Rs | 4.62 | 3.71 | 3.43 | 4.16 | 3.71 | 2.77 | 2.04 | 5.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 30% |
| TTM: | 105% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 19% |
| TTM: | 205% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 66% |
| 1 Year: | 58% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 9 | 29 | 33 | 37 | 41 | 44 | 47 | 53 |
| 29 | 19 | 31 | 39 | 39 | 46 | 45 | 95 | |
| 11 | 6 | 25 | 17 | 23 | 42 | 22 | 29 | |
| Total Liabilities | 57 | 65 | 99 | 104 | 114 | 144 | 125 | 187 |
| 6 | 5 | 8 | 13 | 11 | 10 | 11 | 30 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 51 | 59 | 91 | 92 | 103 | 134 | 114 | 157 | |
| Total Assets | 57 | 65 | 99 | 104 | 114 | 144 | 125 | 187 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 2 | 5 | -4 | 2 | 3 | -1 | 4 | -12 | |
| -1 | -0 | -4 | -5 | -0 | -0 | -3 | -24 | |
| -1 | -4 | 9 | 3 | -4 | 4 | -5 | 43 | |
| Net Cash Flow | 0 | 1 | 1 | -0 | -1 | 3 | -4 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 67 | 167 | 142 | 216 | 260 | 183 | 99 |
| Inventory Days | 445 | 509 | 1,846 | 361 | 425 | 496 | 494 | 272 |
| Days Payable | 112 | 47 | 799 | 94 | 142 | 285 | 135 | 58 |
| Cash Conversion Cycle | 433 | 529 | 1,214 | 409 | 499 | 471 | 542 | 312 |
| Working Capital Days | 128 | 163 | 216 | 182 | 246 | 215 | 238 | 106 |
| ROCE % | 17% | 12% | 13% | 10% | 8% | 7% | 12% |
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.