Parin Furniture Ltd
Incorporated in 1983, Parin Furniture Ltd is a manufacturer, supplier and trader of various types of furniture[1]
- Market Cap ₹ 329 Cr.
- Current Price ₹ 296
- High / Low ₹ 309 / 64.6
- Stock P/E 145
- Book Value ₹ 52.0
- Dividend Yield 0.00 %
- ROCE 7.21 %
- ROE 4.01 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.69 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 2.83% over past five years.
- Company has a low return on equity of 5.77% over last 3 years.
- Company has high debtors of 183 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 | Mar 2024 | |
---|---|---|---|---|---|---|---|
64.85 | 71.25 | 67.05 | 83.91 | 76.53 | 81.19 | 81.93 | |
55.03 | 61.98 | 58.29 | 71.98 | 66.31 | 72.02 | 73.16 | |
Operating Profit | 9.82 | 9.27 | 8.76 | 11.93 | 10.22 | 9.17 | 8.77 |
OPM % | 15.14% | 13.01% | 13.06% | 14.22% | 13.35% | 11.29% | 10.70% |
0.07 | 0.33 | 0.53 | 0.55 | 1.07 | 0.54 | 0.19 | |
Interest | 3.29 | 2.66 | 2.94 | 3.81 | 3.62 | 3.61 | 4.34 |
Depreciation | 0.99 | 0.81 | 0.94 | 1.56 | 2.00 | 1.54 | 1.57 |
Profit before tax | 5.61 | 6.13 | 5.41 | 7.11 | 5.67 | 4.56 | 3.05 |
Tax % | 32.80% | 33.12% | 29.21% | 34.46% | 27.16% | 32.24% | 25.57% |
3.77 | 4.10 | 3.83 | 4.66 | 4.14 | 3.09 | 2.27 | |
EPS in Rs | 4.62 | 3.71 | 3.43 | 4.16 | 3.71 | 2.77 | 2.04 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | -1% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -11% |
3 Years: | -21% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 78% |
1 Year: | 308% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 8.12 | 11.12 | 11.12 | 11.12 | 11.12 | 11.12 | 11.12 |
Reserves | 8.81 | 28.79 | 32.60 | 37.23 | 41.35 | 44.42 | 46.69 |
29.49 | 19.00 | 30.52 | 38.64 | 38.71 | 45.96 | 45.27 | |
10.53 | 5.82 | 25.10 | 17.04 | 22.74 | 42.38 | 22.07 | |
Total Liabilities | 56.95 | 64.73 | 99.34 | 104.03 | 113.92 | 143.88 | 125.15 |
5.95 | 5.33 | 8.34 | 12.52 | 11.09 | 9.62 | 10.70 | |
CWIP | 0.00 | 0.00 | 0.37 | 0.00 | 0.00 | 0.21 | 0.19 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
51.00 | 59.40 | 90.63 | 91.51 | 102.83 | 134.05 | 114.26 | |
Total Assets | 56.95 | 64.73 | 99.34 | 104.03 | 113.92 | 143.88 | 125.15 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
1.63 | 4.82 | -3.76 | 2.14 | 3.14 | -0.70 | 3.61 | |
-0.83 | -0.02 | -4.08 | -5.13 | -0.46 | -0.12 | -2.53 | |
-0.52 | -3.92 | 8.66 | 2.72 | -3.54 | 3.64 | -5.03 | |
Net Cash Flow | 0.28 | 0.88 | 0.82 | -0.28 | -0.86 | 2.83 | -3.96 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 100.13 | 67.11 | 166.96 | 142.15 | 216.34 | 260.07 | 182.92 |
Inventory Days | 445.02 | 508.75 | 1,846.07 | 361.07 | 424.54 | 496.17 | 494.39 |
Days Payable | 112.11 | 47.22 | 798.86 | 94.35 | 141.97 | 285.16 | 134.88 |
Cash Conversion Cycle | 433.03 | 528.64 | 1,214.17 | 408.87 | 498.90 | 471.08 | 542.43 |
Working Capital Days | 205.55 | 239.18 | 321.23 | 283.00 | 363.81 | 383.75 | 400.68 |
ROCE % | 16.60% | 12.44% | 13.45% | 10.40% | 8.21% | 7.21% |
Documents
Announcements
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Copy of Newspaper Publication
15 August 2024 - Parin Furniture Limited has informed about Copy of Newspaper Publication
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Book Closure
13 August 2024 - Register of Members & Share Transfer Books of the Company will remain closed from 03-Sep-2024 to 09-Sep-2024 for the purpose of Meeting.
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Updates
13 August 2024 - Parin Furniture Limited has informed regarding 'Submission of 18th Annual Report for the year ended on 31st March, 2024 '.
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Appointment
13 August 2024 - Parin Furniture Limited has informed regarding Appointment of Mr K. P. Rachchh & Co as Secretarial Auditor of the company for the year 2024-25 w.e.f. …
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Notice Of Shareholders Meetings-XBRL
13 August 2024 - PARIN FURNITURE LIMITED has informed about Notice of Shareholders Meeting for Annual General Meeting to be held on 09-Sep-2024
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