Parin Enterprises Ltd
Incorporated in 1983, Parin Enterprises Ltd is in the business of manufacturing and selling different categories of furniture[1]
- Market Cap ₹ 378 Cr.
- Current Price ₹ 340
- High / Low ₹ 411 / 200
- Stock P/E 54.7
- Book Value ₹ 57.5
- Dividend Yield 0.06 %
- ROCE 11.7 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 181 to 98.8 days.
Cons
- Stock is trading at 5.92 times its book value
- Company has a low return on equity of 7.04% 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.
Peer comparison
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% | 0% |
| 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: | 204% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 36% |
| 1 Year: | 62% |
| 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 | -13 | |
| -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 | 206 | 239 | 321 | 283 | 364 | 384 | 401 | 254 |
| ROCE % | 17% | 12% | 13% | 10% | 8% | 7% | 12% |
Documents
Announcements
-
Bagging/Receiving of orders/contracts
3 July 2025 - Parin Enterprises received Rs.7.79 Cr contract to supply desks to 688 Gujarat schools.
-
Bagging/Receiving of orders/contracts
19 June 2025 - Rs. 11.25 Cr order from West Bengal Health Dept for 7500+ examination beds.
-
Bagging/Receiving of orders/contracts
16 June 2025 - Parin Enterprises received Rs. 27.5 lakh airport furniture contracts from Ministry of Civil Aviation.
-
Structural Digital Database
23 May 2025 - Certificate of SDD by PCS under SEBI (PIT) Regulation 2015 for FY ended on 31st March, 2025
-
Bagging/Receiving of orders/contracts
19 May 2025 - Parin Enterprises awarded Rs.84.86 lakh contract for airport furniture at Srinagar Airport.
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.