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Last Updated: April 2, 2026, 3:27 am
Author: Getaka|Social: XLinkedIn

Parin Furniture Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹408.48Overvalued by 27.83%vs CMP ₹566.00

P/E (95.5) × ROE (10.5%) × BV (₹50.90) × DY (0.04%)

₹182.83Overvalued by 67.70%vs CMP ₹566.00
MoS: -209.6% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹474.1726%Over (-16.2%)
Graham NumberEarnings₹79.2219%Over (-86%)
DCFCash Flow₹73.3212%Over (-87%)
Net Asset ValueAssets₹50.908%Over (-91%)
EV/EBITDAEnterprise₹102.9010%Over (-81.8%)
Earnings YieldEarnings₹54.808%Over (-90.3%)
ROCE CapitalReturns₹117.0510%Over (-79.3%)
Revenue MultipleRevenue₹88.156%Over (-84.4%)
Consensus (8 models)₹182.83100%Overvalued
Key Drivers: Wide model spread (₹51–₹474) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.1%

*Investments are subject to market risks

Investment Snapshot

48
Parin Furniture Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 11.6% AverageROE 10.5% AverageD/E 0.68 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.40% (6mo) Slight increasePromoter holding at 73.0% StableShareholders up 48% Retail surge
Earnings Quality40/100 · Moderate
OPM stable around 11% SteadyWorking capital: 184 days Capital intensive
Quarterly Momentum43/100 · Moderate
Revenue (4Q): -6% YoY DecliningProfit (4Q): +8% YoY Positive
Industry Rank40/100 · Moderate
P/E 95.5 vs industry 32.3 Premium to peersROCE 11.6% vs industry 16.0% Average3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Parin Furniture Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 95.5 vs Ind 32.3 | ROCE 11.6% | ROE 10.5% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.68x | IntCov 0.0x | Current 1.99x | Borrow/Reserve 1.04x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹5 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.40 pp | DII N/A | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -40.1% | Q NP -61.6% | Q OPM -5.4 pp
Derived FieldValueHow it is derived
Valuation Gap %-67.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves1.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.40 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+134Latest shareholder count minus previous count
Quarterly Sales Change-40.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-61.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-5.4 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:27 am

Market Cap 629 Cr.
Current Price 566
Intrinsic Value₹182.83
High / Low 725/312
Stock P/E95.5
Book Value 50.9
Dividend Yield0.04 %
ROCE11.6 %
ROE10.5 %
Face Value 10.0
PEG Ratio5.94

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Parin Furniture Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Parin Furniture Ltd 629 Cr. 566 725/31295.5 50.90.04 %11.6 %10.5 % 10.0
TPL Plastech Ltd 449 Cr. 57.6 95.5/50.016.1 19.51.74 %19.8 %17.0 % 2.00
Plastiblends India Ltd 327 Cr. 126 232/12110.1 1681.98 %10.3 %7.58 % 5.00
Multibase India Ltd 218 Cr. 173 308/15617.4 66.330.6 %18.6 %13.8 % 10.0
Pil Italica Lifestyle Ltd 165 Cr. 7.01 20.6/6.2036.7 3.490.00 %8.90 %6.18 % 1.00
Industry Average6,264.50 Cr584.0532.34182.193.70%15.97%13.13%6.10

All Competitor Stocks of Parin Furniture Ltd

Quarterly Result

MetricSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 25.9640.3341.2141.5622.3453.0622.7158.1345.3033.9636.7161.2536.68
Expenses 24.0936.9837.8936.8421.0147.1620.5552.8841.1030.9533.7950.6032.27
Operating Profit 1.873.353.324.721.335.902.165.254.203.012.9210.654.41
OPM % 7.20%8.31%8.06%11.36%5.95%11.12%9.51%9.03%9.27%8.86%7.95%17.39%12.02%
Other Income 0.100.390.010.511.04-0.110.070.190.080.040.06-0.630.10
Interest 0.781.261.231.611.281.381.241.501.821.661.721.601.58
Depreciation 0.210.300.340.720.760.800.590.590.620.600.552.030.66
Profit before tax 0.982.181.762.900.333.610.403.351.840.790.716.392.27
Tax % 27.55%24.31%13.64%52.07%24.24%26.87%42.50%28.36%20.65%32.91%12.68%31.14%25.11%
Net Profit 0.711.651.521.380.252.640.242.411.460.540.634.401.69
EPS in Rs 0.641.481.371.240.222.370.222.171.310.490.573.961.52

Last Updated: December 29, 2025, 4:36 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:50 am

MetricMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 15.7727.5661.4558.4564.1670.5966.2982.7875.7180.8579.2697.9697.93
Expenses 15.3326.8656.6254.1057.4064.3361.0674.7468.1873.4372.0484.3982.87
Operating Profit 0.440.704.834.356.766.265.238.047.537.427.2213.5715.06
OPM % 2.79%2.54%7.86%7.44%10.54%8.87%7.89%9.71%9.95%9.18%9.11%13.85%15.38%
Other Income 0.000.000.091.500.110.340.480.520.440.260.11-0.57-0.53
Interest 0.000.002.603.022.582.102.042.842.662.753.483.323.18
Depreciation 0.000.000.700.770.720.490.511.061.561.171.222.582.69
Profit before tax 0.440.701.622.063.574.013.164.663.753.762.637.108.66
Tax % 63.64%32.86%37.65%34.47%29.41%32.42%25.32%37.55%23.20%29.26%23.57%29.30%
Net Profit 0.170.481.021.362.532.702.362.912.892.652.015.036.09
EPS in Rs 5.6716.0034.0045.333.122.432.122.622.602.381.814.525.48
Dividend Payout % 0.00%0.00%0.00%5.51%0.00%0.00%0.00%0.00%0.00%0.00%0.00%4.42%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)182.35%33.33%86.03%6.72%-12.59%23.31%-0.69%-8.30%-24.15%150.25%
Change in YoY Net Profit Growth (%)0.00%-149.02%52.70%-79.31%-19.31%35.90%-23.99%-7.62%-15.85%174.40%

Parin Furniture Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:9%
TTM:24%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:24%
TTM:175%
Stock Price CAGR
10 Years:%
5 Years:46%
3 Years:54%
1 Year:51%
Return on Equity
10 Years:%
5 Years:7%
3 Years:7%
Last Year:11%

Last Updated: September 5, 2025, 12:10 pm

Balance Sheet

Last Updated: December 4, 2025, 1:46 am

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.300.300.300.308.1211.1211.1211.1211.1211.1211.1211.1211.12
Reserves 1.822.193.995.357.5426.1528.5031.4134.3036.9538.9543.7645.45
Borrowings 4.217.6425.8729.4423.6013.2421.1727.3129.1734.9136.2050.2447.15
Other Liabilities 1.062.909.488.366.882.429.7912.5317.6839.9016.4118.2810.75
Total Liabilities 7.3913.0339.6443.4546.1452.9370.5882.3792.27122.88102.68123.40114.47
Fixed Assets 1.191.421.611.971.701.301.626.495.664.735.8718.4419.07
CWIP 0.000.000.000.000.000.000.000.000.000.210.190.000.00
Investments 0.000.000.000.004.064.064.064.064.064.064.064.574.57
Other Assets 6.2011.6138.0341.4840.3847.5764.9071.8282.55113.8892.56100.3990.83
Total Assets 7.3913.0339.6443.4546.1452.9370.5882.3792.27122.88102.68123.40114.47

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.000.00-8.550.355.844.61-5.182.89-0.540.510.474.97
Cash from Investing Activity + 0.000.00-1.31-0.78-0.330.08-0.59-5.71-0.62-0.30-2.24-15.36
Cash from Financing Activity + 0.000.0010.890.82-5.24-3.796.432.490.152.99-2.1810.72
Net Cash Flow 0.000.001.040.380.260.900.65-0.33-1.013.20-3.960.33
Free Cash Flow 0.000.00-9.88-0.605.434.52-6.00-3.05-1.270.06-1.87-9.99
CFO/OP 0%0%-176%33%99%99%-92%55%13%22%25%50%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-3.77-6.94-21.04-25.09-16.84-6.98-15.94-19.27-21.64-27.49-28.98-36.67

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 52.0860.39103.35111.3498.0267.17166.34143.13216.08260.67188.58151.31
Inventory Days 154.46187.04144.10161.32197.00182.53229.67308.70316.57306.99
Days Payable 54.0553.3138.215.5556.5962.24100.53249.8597.3070.31
Cash Conversion Cycle 52.0860.39203.76245.07203.91222.93306.74263.42345.22319.52407.84387.99
Working Capital Days 108.55101.58158.47116.15120.38144.83190.13144.18204.17174.85204.74184.25
ROCE %7.69%8.51%15.23%17.27%13.61%9.34%11.48%8.88%8.26%7.22%11.61%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Promoters 73.01%73.01%73.01%73.01%73.01%73.02%73.02%73.02%73.02%73.02%73.02%73.02%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.40%
Public 26.99%26.99%26.99%26.98%26.98%26.98%26.98%26.98%26.98%26.98%26.98%26.59%
No. of Shareholders 126127114114115133133211180236280414

Shareholding Pattern Chart

No. of Shareholders

Parin Furniture Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.042.773.714.163.43
Diluted EPS (Rs.) 2.042.773.714.163.43
Cash EPS (Rs.) 3.454.165.525.584.29
Book Value[Excl.RevalReserv]/Share (Rs.) 52.1650.1247.3543.6239.44
Book Value[Incl.RevalReserv]/Share (Rs.) 52.1650.1247.3543.6239.44
Revenue From Operations / Share (Rs.) 73.6973.0368.5575.4760.31
PBDIT / Share (Rs.) 8.068.7310.3311.238.35
PBIT / Share (Rs.) 6.657.348.539.837.51
PBT / Share (Rs.) 2.744.105.276.404.87
Net Profit / Share (Rs.) 2.042.773.724.183.45
NP After MI And SOA / Share (Rs.) 2.042.773.714.163.43
PBDIT Margin (%) 10.9311.9515.0614.8713.85
PBIT Margin (%) 9.0210.0512.4413.0212.45
PBT Margin (%) 3.725.617.698.478.06
Net Profit Margin (%) 2.773.795.435.545.71
NP After MI And SOA Margin (%) 2.763.785.405.515.68
Return on Networth / Equity (%) 3.925.537.859.568.71
Return on Capital Employeed (%) 10.9212.5414.0317.4115.05
Return On Assets (%) 1.812.133.614.443.83
Long Term Debt / Equity (X) 0.150.150.260.270.24
Total Debt / Equity (X) 0.780.820.690.750.68
Asset Turnover Ratio (%) 0.600.680.760.910.97
Current Ratio (X) 1.951.672.172.091.99
Quick Ratio (X) 0.820.851.110.950.87
Inventory Turnover Ratio (X) 0.550.550.490.120.00
Interest Coverage Ratio (X) 2.062.693.173.273.16
Interest Coverage Ratio (Post Tax) (X) 1.521.852.142.222.30
Enterprise Value (Cr.) 211.40151.38134.2290.2285.33
EV / Net Operating Revenue (X) 2.581.861.761.081.27
EV / EBITDA (X) 23.6015.6011.697.239.19
MarketCap / Net Operating Revenue (X) 2.041.361.310.670.87
Price / BV (X) 2.891.991.911.181.35
Price / Net Operating Revenue (X) 2.041.361.310.670.87
EarningsYield 0.010.020.040.080.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Parin Enterprises Ltd. is a Public Limited Listed company incorporated on 12/09/2006 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L36101GJ2006PLC049074 and registration number is 049074. Currently Company is involved in the business activities of Wholesale of furniture and fixtures. Company's Total Operating Revenue is Rs. 97.96 Cr. and Equity Capital is Rs. 11.12 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Furniture, Furnishing & FlooringPlot No. 6, Revenue Survey No. 149, National Highway, Rajkot Gujarat 360004Contact not found
Management
NamePosition Held
Mr. Umesh Dhirajlal NandaniChairman & Managing Director
Mr. Parin Umeshbhai NandaniWhole Time Director
Mr. Deven Dipesh NandaniNon Executive Director
Ms. Shweta Chirag KathraniInd. Non-Executive Director
Mr. Dayalal Harjivanbhai KeshariaInd. Non-Executive Director
Mr. Pranav Vinodkumar ManekInd. Non-Executive Director

FAQ

What is the intrinsic value of Parin Furniture Ltd and is it undervalued?

As of 05 April 2026, Parin Furniture Ltd's intrinsic value is ₹182.83, which is 67.70% lower than the current market price of ₹566.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.5 %), book value (₹50.9), dividend yield (0.04 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Parin Furniture Ltd?

Parin Furniture Ltd is trading at ₹566.00 as of 05 April 2026, with a FY2026-2027 high of ₹725 and low of ₹312. The stock is currently in the middle of its 52-week range. Market cap stands at ₹629 Cr..

How does Parin Furniture Ltd's P/E ratio compare to its industry?

Parin Furniture Ltd has a P/E ratio of 95.5, which is above the industry average of 32.34. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Parin Furniture Ltd financially healthy?

Key indicators for Parin Furniture Ltd: ROCE of 11.6 % is moderate. Dividend yield is 0.04 %.

Is Parin Furniture Ltd profitable and how is the profit trend?

Parin Furniture Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹98 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Parin Furniture Ltd pay dividends?

Parin Furniture Ltd has a dividend yield of 0.04 % at the current price of ₹566.00. The company pays dividends, though the yield is modest.

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 Parin Furniture 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
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