Parin Furniture Ltd
Incorporated in 1983, Parin Furniture Ltd is a manufacturer, supplier and trader of various types of furniture[1]
- Market Cap ₹ 179 Cr.
- Current Price ₹ 161
- High / Low ₹ 165 / 64.6
- Stock P/E 41.7
- Book Value ₹ 51.3
- Dividend Yield 0.00 %
- ROCE 8.35 %
- ROE 5.56 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.14 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.60% over past five years.
- Company has a low return on equity of 7.78% over last 3 years.
- Company has high debtors of 260 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
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 65 | 71 | 67 | 84 | 77 | 81 | 107 | |
| 55 | 62 | 58 | 72 | 66 | 72 | 94 | |
| Operating Profit | 10 | 9 | 9 | 12 | 10 | 9 | 12 |
| OPM % | 15% | 13% | 13% | 14% | 13% | 11% | 12% |
| 0 | 0 | 1 | 1 | 1 | 1 | -1 | |
| Interest | 3 | 3 | 3 | 4 | 4 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 1 |
| Profit before tax | 6 | 6 | 5 | 7 | 6 | 5 | 6 |
| Tax % | 33% | 33% | 29% | 34% | 27% | 32% | |
| 4 | 4 | 4 | 5 | 4 | 3 | 4 | |
| EPS in Rs | 4.62 | 3.71 | 3.43 | 4.16 | 3.71 | 2.77 | 3.86 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 7% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | -7% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 49% |
| 1 Year: | 80% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 9 | 29 | 33 | 37 | 41 | 44 | 46 |
| 29 | 19 | 31 | 39 | 39 | 46 | 43 | |
| 11 | 6 | 25 | 17 | 23 | 42 | 31 | |
| Total Liabilities | 57 | 65 | 99 | 104 | 114 | 144 | 132 |
| 6 | 5 | 8 | 13 | 11 | 10 | 10 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 51 | 59 | 91 | 92 | 103 | 134 | 122 | |
| Total Assets | 57 | 65 | 99 | 104 | 114 | 144 | 132 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 2 | 5 | -4 | 2 | 3 | -1 | |
| -1 | -0 | -4 | -5 | -0 | -0 | |
| -1 | -4 | 9 | 3 | -4 | 4 | |
| Net Cash Flow | 0 | 1 | 1 | -0 | -1 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 100 | 67 | 167 | 142 | 216 | 260 |
| Inventory Days | 445 | 509 | 1,846 | 361 | 425 | 496 |
| Days Payable | 112 | 47 | 799 | 94 | 142 | 285 |
| Cash Conversion Cycle | 433 | 529 | 1,214 | 409 | 499 | 471 |
| Working Capital Days | 206 | 239 | 321 | 283 | 364 | 384 |
| ROCE % | 17% | 12% | 13% | 10% | 8% |
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