Parth Electricals & Engineering Ltd
Established in May 2007, Parth Electricals & Engineering Limited is a service-oriented firm evolved into a manufacturing entity specializing in electrical equipment.[1]
- Market Cap ₹ 438 Cr.
- Current Price ₹ 320
- High / Low ₹ 338 / 169
- Stock P/E 36.2
- Book Value ₹ 79.5
- Dividend Yield 0.00 %
- ROCE 33.3 %
- ROE 36.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.7%
- Debtor days have improved from 101 to 53.0 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high
* 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 38 | 66 | 87 | 175 | |
| 38 | 61 | 78 | 157 | |
| Operating Profit | -0 | 4 | 9 | 18 |
| OPM % | -0% | 7% | 10% | 10% |
| 1 | 0 | 0 | 2 | |
| Interest | 1 | 1 | 2 | 4 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | -2 | 3 | 6 | 14 |
| Tax % | 0% | 11% | 25% | 25% |
| -2 | 2 | 5 | 10 | |
| EPS in Rs | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | 101% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 104% |
| TTM: | 119% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| Last Year: | 37% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.95 | 0.95 | 1 | 10 | 14 |
| Reserves | 6 | 9 | 13 | 31 | 95 |
| 9 | 8 | 16 | 33 | 14 | |
| 19 | 33 | 36 | 33 | 40 | |
| Total Liabilities | 35 | 51 | 67 | 107 | 163 |
| 7 | 7 | 12 | 16 | 21 | |
| CWIP | 0 | 0 | 0 | 6 | 8 |
| Investments | 0 | 1 | 1 | 1 | 1 |
| 28 | 43 | 53 | 83 | 133 | |
| Total Assets | 35 | 51 | 67 | 107 | 163 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | 3 | 8 | 0 | |
| 0 | -1 | -8 | -10 | |
| -1 | -2 | 6 | 30 | |
| Net Cash Flow | -0 | 0 | 6 | 20 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 157 | 145 | 105 | 53 |
| Inventory Days | 62 | 70 | 60 | 39 |
| Days Payable | 240 | 212 | 179 | 48 |
| Cash Conversion Cycle | -21 | 3 | -14 | 44 |
| Working Capital Days | -7 | -1 | -31 | -39 |
| ROCE % | 22% | 33% | 33% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Nov 2025 | |
|---|---|---|---|---|
| Capacity Utilization % |
|
|||
| Manufacturing Segment Revenue INR Crores |
||||
| Services Segment Revenue INR Crores |
||||
| Order Book INR Crores |
||||
| Existing Manufacturing Land Area Square Meters |
||||
| MV Switchgear Manufacturing Capacity Units per month |
||||
| RMU Manufacturing Capacity Units per month |
||||
| Total Employee Headcount Number |
||||
Documents
Announcements
-
General Updates
12 March 2026 - Managing Director awarded 'भारत के नवर गुजरात से' on 9 March 2026 by Divya Bhaskar in New Delhi.
-
General Updates
2 March 2026 - UL approval; $1.2M first USA dispatch; $4.8M export order; $1M Zambia order; ₹210 crore orders
-
Monitoring Agency Report
14 February 2026 - Monitoring agency confirms utilization of Rs.62.00 crore IPO proceeds; no deviations for quarter ended Dec 31, 2025.
-
Reply to Clarification- Financial results
4 February 2026 - Parth Electricals clarifies Sept 30, 2025 results; submits IPO utilization certificate and corrects signatory designation.
-
General Updates
10 January 2026 - Received new orders totalling ₹61.78 crore; execution from Feb 2026 over four quarters; orders on hand ₹178 crore.
Concalls
-
Nov 2025Transcript PPT
-
Aug 2025TranscriptAI SummaryPPT
Business Profile[1]
Parth Electricals is a technology-driven electrical engineering company focused on manufacturing, EPC, and services in power distribution and transmission. It has established itself in LV/MV/HV switchgear systems and substations.