Parin Enterprises Ltd
Incorporated in 1983, Parin Enterprises Ltd is in the business of manufacturing and selling different categories of furniture[1]
- Market Cap ₹ 426 Cr.
- Current Price ₹ 383
- High / Low ₹ 411 / 175
- Stock P/E 61.6
- Book Value ₹ 57.5
- Dividend Yield 0.05 %
- 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 6.67 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
Sector: Consumer Durables Industry: Miscellaneous
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: | 42% |
| 3 Years: | 39% |
| 1 Year: | 108% |
| 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
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Bagging/Receiving of orders/contracts
19 May 2025 - Parin Enterprises awarded Rs.84.86 lakh contract for airport furniture at Srinagar Airport.
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Outcome of Board Meeting
9 May 2025 - Parin Enterprises reports audited FY25 results; revenue Rs16765L, profit Rs690L, 51% stake in Umerin acquired.
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Updates
2 May 2025 - Company changed CIN from L36101GJ2006PLC049074 to L31000GJ2006PLC049074 after altering objects.
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Board Meeting Intimation
28 April 2025 - PARIN ENTERPRISES LIMITED has informed about Board Meeting to be held on 09-May-2025 to consider and approve the Yearly Audited Financial results of the Company …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
17 April 2025 - No dematerialization/rematerialization requests for the quarter ended March 2025.
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.