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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Paras Petrofils Ltd

About the Company - Paras Petrofils Ltd

Paras Petrofils Ltd. is a Public Limited Listed company incorporated on 20/03/1991 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17110GJ1991PLC015254 and registration number is 015254. Currently company belongs to the Industry of Textiles - Manmade Fibre - PFY/PSF. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 33.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Manmade Fibre - PFY/PSF1st Floor, Dhamanwala Complex, Surat Gujarat 395002finance@paraspetrofils.com
http://www.paraspetrofils.in
Management
NamePosition Held
Mr. Kailashdan CharanNon Executive Director
Mr. Sanjay Jayant BhattNon Executive Director
Mr. Harikishan Chunilal PanpaliyaInd. Non-Executive Director
Mr. Anil Kumar Ghanshyamdas BansalInd. Non-Executive Director
Mr. Deepak Kishorchandra VaidyaWhole Time Director
Ms. Madhuben Shankarbhai RathodNon Executive Director

Paras Petrofils Ltd. Share Price Update

Share PriceValue
Today₹2.65
Previous Day₹2.70

Basic Stock Data of Paras Petrofils Ltd

Market Cap 87.9 Cr.
Current Price 2.63
High / Low3.11/0.75
Stock P/E157
Book Value 0.74
Dividend Yield0.00 %
ROCE1.41 %
ROE1.64 %
Face Value 1.00

Data Source: screener.in

Competitors of Paras Petrofils Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Paras Petrofils Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.000.000.000.000.000.000.000.000.000.000.000.000.00
Expenses0.070.060.080.060.060.020.110.080.050.200.550.100.02
Operating Profit-0.07-0.06-0.08-0.06-0.06-0.02-0.11-0.08-0.05-0.20-0.55-0.10-0.02
OPM %
Other Income0.300.290.300.270.290.280.270.320.310.320.270.310.33
Interest0.000.000.000.010.000.00-0.010.000.000.000.000.000.00
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax0.230.230.220.200.230.260.170.240.260.12-0.280.210.31
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit0.230.230.220.200.230.260.170.240.260.12-0.280.210.31
EPS in Rs0.010.010.010.010.010.010.010.010.010.00-0.010.010.01

Paras Petrofils Ltd Quarterly Chart

Paras Petrofils Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales103.76117.959.535.11-0.00-0.03-0.050.07-0.00-0.02-0.00-0.000.00
Expenses108.86132.858.895.300.361.540.140.690.390.280.260.870.87
Operating Profit-5.10-14.900.64-0.19-0.36-1.57-0.19-0.62-0.39-0.30-0.26-0.87-0.87
OPM %-4.92%-12.63%6.72%-3.72%-885.71%
Other Income0.480.567.10-4.34-1.05-0.02-0.831.19-0.841.181.121.211.23
Interest0.270.17-0.00-0.00-0.000.020.01-0.00-0.00-0.00-0.00-0.000.00
Depreciation4.494.560.070.100.020.01-0.00-0.00-0.00-0.00-0.00-0.000.00
Profit before tax-9.38-19.077.67-4.63-1.43-1.62-1.030.57-1.230.880.860.340.36
Tax %36.03%30.89%53.72%31.32%-2.10%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%
Net Profit-6.00-13.193.55-3.18-1.45-1.62-1.030.57-1.230.880.860.340.36
EPS in Rs-0.18-0.390.11-0.10-0.04-0.05-0.030.02-0.040.030.030.010.01
Dividend Payout %-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%

Paras Petrofils Ltd Profit & Loss Yearly Chart

Paras Petrofils Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:7%
5 Years:-15%
3 Years:-19%
TTM:-29%
Stock Price CAGR
10 Years:26%
5 Years:%
3 Years:%
1 Year:212%
Return on Equity
10 Years:2%
5 Years:3%
3 Years:3%
Last Year:2%

Paras Petrofils Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33.4233.4233.4233.4233.4233.4233.4233.4233.4233.4233.4233.4233.42
Reserves2.99-10.20-6.65-9.87-11.32-12.93-13.97-13.40-11.27-13.76-12.90-12.56-12.04
Preference Capital3.363.363.363.363.363.363.363.36-0.003.363.363.36
Borrowings1.531.660.73-0.00-0.000.36-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Other Liabilities27.1425.0810.234.654.243.563.573.650.283.493.453.510.14
Total Liabilities65.0849.9637.7328.2026.3424.4123.0223.6722.4323.1523.9724.3724.88
Fixed Assets39.5935.2734.7422.7014.7410.507.947.945.825.825.825.825.82
CWIP-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Investments1.051.250.410.410.410.18-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Other Assets24.4413.442.585.0911.1913.7315.0815.7316.6117.3318.1518.5519.06
Total Assets65.0849.9637.7328.2026.3424.4123.0223.6722.4323.1523.9724.3724.88

Paras Petrofils Ltd Reserves and Borrowings Chart

Paras Petrofils Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2.710.43-7.20-4.76-7.34-0.66-1.76-0.07-0.320.75-0.720.05
Cash from Investing Activity -1.47-0.378.035.916.930.830.940.000.250.000.000.02
Cash from Financing Activity -2.17-0.01-0.92-0.730.001.07-0.360.000.000.000.000.00
Net Cash Flow-0.930.05-0.090.42-0.411.25-1.18-0.07-0.060.75-0.720.07

Paras Petrofils Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days20.4021.0750.94-0.00-10,463.33-803.00417.14-1,460.00
Inventory Days48.02-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Days Payable83.28
Cash Conversion Cycle-14.8621.0750.94-0.00-10,463.33-803.00417.14-1,460.00
Working Capital Days3.45-42.124.2171.43104,511.6781,176.0061,267.86233,782.50
ROCE %-20.13%-54.36%2.06%-0.76%0.27%2.98%3.36%2.47%2.81%3.90%3.67%1.41%

Paras Petrofils Ltd Financial Efficiency Indicators Chart

Paras Petrofils Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters39.30%39.30%39.30%39.30%39.30%39.30%39.30%39.30%39.30%39.30%40.35%40.35%
Public60.70%60.70%60.70%60.70%60.70%60.70%60.71%60.71%60.70%60.71%59.66%59.63%
No. of Shareholders26,58726,58626,58226,58326,58426,58426,57927,68830,82534,59049,52461,613

Paras Petrofils Ltd Shareholding Pattern Chart

No. of Paras Petrofils Ltd Shareholders

This stock is not held by any mutual fund

Paras Petrofils Ltd ROCE Trend

Paras Petrofils Ltd EPS Trend

Paras Petrofils Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.010.030.03-0.040.02
Diluted EPS (Rs.)0.010.030.03-0.040.02
Cash EPS (Rs.)0.010.020.02-0.030.01
Book Value[Excl.RevalReserv]/Share (Rs.)0.620.610.580.560.59
Book Value[Incl.RevalReserv]/Share (Rs.)0.620.610.580.560.59
PBDIT / Share (Rs.)0.010.020.020.010.01
PBIT / Share (Rs.)0.010.020.020.010.01
PBT / Share (Rs.)0.010.020.02-0.030.01
Net Profit / Share (Rs.)0.010.020.02-0.030.01
PBDIT Margin (%)0.000.000.000.00772.07
PBIT Margin (%)0.000.000.000.00772.07
PBT Margin (%)0.000.000.000.00770.78
Net Profit Margin (%)0.000.000.000.00770.78
Return on Networth / Equity (%)1.624.174.46-6.552.82
Return on Capital Employeed (%)1.403.583.812.882.42
Return On Assets (%)1.393.573.79-5.482.38
Current Ratio (X)101.12165.73117.6946.2242.26
Quick Ratio (X)101.12165.73117.6946.2242.26
Interest Coverage Ratio (X)273.828546.371254.751084.56595.46
Interest Coverage Ratio (Post Tax) (X)273.828546.371254.751084.56595.46
Enterprise Value (Cr.)31.988.988.269.028.95
EV / Net Operating Revenue (X)0.000.000.000.00122.02
EV / EBITDA (X)93.8110.499.4114.0915.80
MarketCap / Net Operating Revenue (X)0.000.000.000.0077.43
Price / BV (X)1.380.270.280.300.28
Price / Net Operating Revenue (X)0.000.000.000.0080.95
EarningsYield0.010.150.15-0.210.09

Paras Petrofils Ltd Profitability Ratios (%)

Paras Petrofils Ltd Liquidity Ratios

Paras Petrofils Ltd Liquidity Ratios (%)

Paras Petrofils Ltd Interest Coverage Ratios (%)

Paras Petrofils Ltd Valuation Ratios

Fair Value / Intrinsic Value of Paras Petrofils Ltd

Fair Value: ₹1.94

The stock is overvalued by 26.10% compared to the current price ₹2.63

*Investments are subject to market risks

Strength and Weakness of Paras Petrofils Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.01 and average Dividend Yield of 154.16%.
  2. The stock has a low average Cash Conversion Cycle of -28.31, which is a positive sign.
  1. The stock has a low average ROCE of -4.36%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 43.00, which may not be favorable.
  3. The company has higher borrowings (2.84) compared to reserves (-10.61), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (18.18) and profit (-2.13).

Should I Buy Paras Petrofils Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Paras Petrofils Ltd:
    1. Net Profit Margin: 0.00%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 1.40% (Industry Average ROCE: 0%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 273.82
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 101.12
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 157 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Paras Petrofils Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE