Parin Enterprises Ltd

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

Parin Enterprises Ltd

₹ 360 -1.17%
01 Feb - 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 ₹ 400 Cr.
  • Current Price ₹ 360
  • High / Low ₹ 411 / 122
  • Stock P/E 212
  • Book Value ₹ 53.0
  • Dividend Yield 0.00 %
  • ROCE 7.21 %
  • ROE 4.01 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 6.79 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: Consumer Durables Industry: Miscellaneous

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
26.17 40.89 41.81 42.10 22.77 53.45 22.01 59.18 48.19 33.74 36.03
23.19 35.12 36.28 35.71 21.46 44.84 19.40 52.62 43.55 29.61 33.11
Operating Profit 2.98 5.77 5.53 6.39 1.31 8.61 2.61 6.56 4.64 4.13 2.92
OPM % 11.39% 14.11% 13.23% 15.18% 5.75% 16.11% 11.86% 11.08% 9.63% 12.24% 8.10%
0.10 0.43 0.02 0.54 1.64 -0.08 0.21 0.32 0.27 -0.08 1.26
Interest 1.17 1.77 1.69 2.13 1.65 1.97 1.61 1.99 2.26 2.08 2.14
Depreciation 0.40 0.54 0.59 0.97 0.98 1.02 0.78 0.76 0.79 0.78 0.72
Profit before tax 1.51 3.89 3.27 3.83 0.32 5.54 0.43 4.13 1.86 1.19 1.32
Tax % 30.46% 28.79% 20.80% 46.48% 18.75% 30.14% 37.21% 31.72% 20.43% 33.61% 15.91%
1.06 2.79 2.60 2.05 0.26 3.88 0.27 2.82 1.48 0.79 1.11
EPS in Rs 0.94 2.49 2.32 1.83 0.23 3.47 0.24 2.53 1.33 0.71 0.99
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
64.85 71.25 67.05 83.91 76.53 81.19 81.93 69.77
55.03 61.98 58.29 71.98 66.31 72.02 73.16 62.72
Operating Profit 9.82 9.27 8.76 11.93 10.22 9.17 8.77 7.05
OPM % 15.14% 13.01% 13.06% 14.22% 13.35% 11.29% 10.70% 10.10%
0.07 0.33 0.53 0.55 1.07 0.54 0.19 1.18
Interest 3.29 2.66 2.94 3.81 3.62 3.61 4.34 4.22
Depreciation 0.99 0.81 0.94 1.56 2.00 1.54 1.57 1.50
Profit before tax 5.61 6.13 5.41 7.11 5.67 4.56 3.05 2.51
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 1.90
EPS in Rs 4.62 3.71 3.43 4.16 3.71 2.77 2.04 1.70
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: -35%
Compounded Profit Growth
10 Years: %
5 Years: -11%
3 Years: -21%
TTM: -56%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 56%
1 Year: 179%
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 Sep 2024
Equity Capital 8.12 11.12 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 47.79
29.49 19.00 30.52 38.64 38.71 45.96 45.27 52.58
10.53 5.82 25.10 17.04 22.74 42.38 22.07 25.75
Total Liabilities 56.95 64.73 99.34 104.03 113.92 143.88 125.15 137.24
5.95 5.33 8.34 12.52 11.09 9.62 10.70 17.71
CWIP 0.00 0.00 0.37 0.00 0.00 0.21 0.19 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
51.00 59.40 90.63 91.51 102.83 134.05 114.26 119.53
Total Assets 56.95 64.73 99.34 104.03 113.92 143.88 125.15 137.24

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%

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

Documents

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