Parin Enterprises Ltd
Incorporated in 1983, Parin Enterprises Ltd is in the business of manufacturing and selling different categories of furniture[1]
- Market Cap ₹ 625 Cr.
- Current Price ₹ 562
- High / Low ₹ 567 / 312
- Stock P/E 74.5
- Book Value ₹ 59.7
- 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 9.41 times its book value
- Company has a low return on equity of 7.05% over last 3 years.
- Company might be capitalizing the interest cost
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 65 | 71 | 67 | 84 | 77 | 81 | 82 | 168 | 239 | |
| 55 | 62 | 58 | 72 | 66 | 72 | 73 | 148 | 215 | |
| Operating Profit | 10 | 9 | 9 | 12 | 10 | 9 | 9 | 19 | 24 |
| OPM % | 15% | 13% | 13% | 14% | 13% | 11% | 11% | 11% | 10% |
| 0 | 0 | 1 | 1 | 1 | 1 | 0 | -1 | -1 | |
| Interest | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 7 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 4 | 5 |
| Profit before tax | 6 | 6 | 5 | 7 | 6 | 5 | 3 | 9 | 12 |
| Tax % | 33% | 33% | 29% | 34% | 27% | 32% | 26% | 22% | |
| 4 | 4 | 4 | 5 | 4 | 3 | 2 | 7 | 9 | |
| EPS in Rs | 4.62 | 3.71 | 3.43 | 4.16 | 3.71 | 2.77 | 2.04 | 5.66 | 6.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 30% |
| TTM: | 238% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 19% |
| TTM: | 344% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 69% |
| 1 Year: | 50% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 9 | 29 | 33 | 37 | 41 | 44 | 47 | 53 | 55 |
| 29 | 19 | 31 | 39 | 39 | 46 | 45 | 95 | 98 | |
| 11 | 6 | 25 | 17 | 23 | 42 | 22 | 29 | 23 | |
| Total Liabilities | 57 | 65 | 99 | 104 | 114 | 144 | 125 | 187 | 187 |
| 6 | 5 | 8 | 13 | 11 | 10 | 11 | 30 | 29 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 51 | 59 | 91 | 92 | 103 | 134 | 114 | 157 | 157 | |
| Total Assets | 57 | 65 | 99 | 104 | 114 | 144 | 125 | 187 | 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
-
Copy of Newspaper Publication
5 November 2025 - Notice of Extraordinary General Meeting published in The Economic Times and Financial Express on 05/11/2025.
-
Shareholders meeting
4 November 2025 - EGM on 27 Nov 2025 to approve reclassification and issue 2,78,000 CCPS @₹540 (raise ₹15,01,20,000).
-
Outcome of Board Meeting
3 November 2025 - Board approved reclassification and issue up to 278,000 CCPS @ Re10 with Rs530 premium to Kakaniya Bhargavbhai; EGM pending.
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Outcome of Board Meeting
3 November 2025 - Board approved reclassification and issue up to 278,000 CCPS at Rs.540 each to Kakaniya Bhargavbhai; EGM pending.
-
Outcome of Board Meeting
31 October 2025 - Board approved H1 FY2026 reviewed results: Standalone income Rs36.79cr, PAT Rs1.69cr; Consolidated income Rs108.94cr, PAT Rs2.50cr
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.