Parin Enterprises Ltd

Parin Enterpris. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Parin Enterprises Ltd

₹ 380 -2.56%
22 Nov - close price
parinfurniture.com NSE - SME: PARIN
About

Incorporated in 1983, Parin Furniture Ltd is a manufacturer, supplier and trader of various types of furniture[1]

Key Points

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

Website NSE - ST
  • Market Cap ₹ 422 Cr.
  • Current Price ₹ 380
  • High / Low ₹ 390 / 92.0
  • Stock P/E 361
  • Book Value ₹ 45.6
  • Dividend Yield 0.00 %
  • ROCE 7.22 %
  • ROE 4.10 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 8.33 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.34% over past five years.
  • Company has a low return on equity of 5.40% over last 3 years.
  • Company has high debtors of 189 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

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
44.54 25.96 40.33 41.21 41.56 22.34 53.06 22.71 58.13 45.30 33.96 35.96
40.76 24.09 36.98 37.89 36.84 21.01 47.16 20.55 52.88 41.10 30.95 33.79
Operating Profit 3.78 1.87 3.35 3.32 4.72 1.33 5.90 2.16 5.25 4.20 3.01 2.17
OPM % 8.49% 7.20% 8.31% 8.06% 11.36% 5.95% 11.12% 9.51% 9.03% 9.27% 8.86% 6.03%
0.22 0.10 0.39 0.01 0.51 1.04 -0.11 0.07 0.19 0.08 0.04 0.81
Interest 1.05 0.78 1.26 1.23 1.61 1.28 1.38 1.24 1.50 1.82 1.66 1.72
Depreciation 0.25 0.21 0.30 0.34 0.72 0.76 0.80 0.59 0.59 0.62 0.60 0.55
Profit before tax 2.70 0.98 2.18 1.76 2.90 0.33 3.61 0.40 3.35 1.84 0.79 0.71
Tax % 34.07% 27.55% 24.31% 13.64% 52.07% 24.24% 26.87% 42.50% 28.36% 20.65% 32.91% 12.68%
1.78 0.71 1.65 1.52 1.38 0.25 2.64 0.24 2.41 1.46 0.54 0.63
EPS in Rs 1.60 0.64 1.48 1.37 1.24 0.22 2.37 0.22 2.17 1.31 0.49 0.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
13.37 15.77 27.56 61.45 58.45 64.16 70.59 66.29 82.78 75.71 80.85 79.26 69.92
13.06 15.33 26.86 56.62 54.10 57.40 64.33 61.06 74.74 68.18 73.43 72.04 64.74
Operating Profit 0.31 0.44 0.70 4.83 4.35 6.76 6.26 5.23 8.04 7.53 7.42 7.22 5.18
OPM % 2.32% 2.79% 2.54% 7.86% 7.44% 10.54% 8.87% 7.89% 9.71% 9.95% 9.18% 9.11% 7.41%
0.00 0.00 0.00 0.09 1.50 0.11 0.34 0.48 0.52 0.44 0.26 0.11 0.85
Interest 0.00 0.00 0.00 2.60 3.02 2.58 2.10 2.04 2.84 2.66 2.75 3.48 3.38
Depreciation 0.00 0.00 0.00 0.70 0.77 0.72 0.49 0.51 1.06 1.56 1.17 1.22 1.15
Profit before tax 0.31 0.44 0.70 1.62 2.06 3.57 4.01 3.16 4.66 3.75 3.76 2.63 1.50
Tax % 25.81% 63.64% 32.86% 37.65% 34.47% 29.41% 32.42% 25.32% 37.55% 23.20% 29.26% 23.57%
0.23 0.17 0.48 1.02 1.36 2.53 2.70 2.36 2.91 2.89 2.65 2.01 1.17
EPS in Rs 7.67 5.67 16.00 34.00 45.33 3.12 2.43 2.12 2.62 2.60 2.38 1.81 1.06
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 5.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: -1%
TTM: -32%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: -12%
TTM: -70%
Stock Price CAGR
10 Years: %
5 Years: 45%
3 Years: 85%
1 Year: 315%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.30 0.30 0.30 0.30 0.30 8.12 11.12 11.12 11.12 11.12 11.12 11.12 11.12
Reserves 1.55 1.82 2.19 3.99 5.35 7.54 26.15 28.50 31.41 34.30 36.95 38.95 39.58
3.26 4.21 7.64 25.87 29.44 23.60 13.24 21.17 27.31 29.17 34.91 36.20 43.79
1.39 1.06 2.90 9.48 8.36 6.88 2.42 9.79 12.53 17.68 39.90 16.41 19.04
Total Liabilities 6.50 7.39 13.03 39.64 43.45 46.14 52.93 70.58 82.37 92.27 122.88 102.68 113.53
0.72 1.19 1.42 1.61 1.97 1.70 1.30 1.62 6.49 5.66 4.73 5.87 13.05
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.21 0.19 0.00
Investments 0.00 0.00 0.00 0.00 0.00 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06
5.78 6.20 11.61 38.03 41.48 40.38 47.57 64.90 71.82 82.55 113.88 92.56 96.42
Total Assets 6.50 7.39 13.03 39.64 43.45 46.14 52.93 70.58 82.37 92.27 122.88 102.68 113.53

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.00 0.00 -8.55 0.35 5.84 4.61 -5.18 2.89 -0.54 0.51 0.47
0.00 0.00 0.00 -1.31 -0.78 -0.33 0.08 -0.59 -5.71 -0.62 -0.30 -2.24
0.00 0.00 0.00 10.89 0.82 -5.24 -3.79 6.43 2.49 0.15 2.99 -2.18
Net Cash Flow 0.00 0.00 0.00 1.04 0.38 0.26 0.90 0.65 -0.33 -1.01 3.20 -3.96

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39.04 52.08 60.39 103.35 111.34 98.02 67.17 166.34 143.13 216.08 260.67 188.58
Inventory Days 154.46 187.04 144.10 161.32 197.00 182.53 229.67 308.70 316.57
Days Payable 54.05 53.31 38.21 5.55 56.59 62.24 100.53 249.85 97.30
Cash Conversion Cycle 39.04 52.08 60.39 203.76 245.07 203.91 222.93 306.74 263.42 345.22 319.52 407.84
Working Capital Days 115.75 108.55 101.58 158.47 193.52 170.50 195.81 266.44 222.89 292.35 301.53 336.13
ROCE % 6.39% 7.69% 8.51% 15.23% 17.27% 13.61% 9.34% 11.48% 8.88% 8.26% 7.22%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.02% 73.02% 73.02% 73.02% 73.02%
26.98% 26.98% 26.99% 26.99% 26.99% 26.98% 26.98% 26.98% 26.98% 26.98% 26.98% 26.98%
No. of Shareholders 145131126127114114115133133211180236

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