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

Fundamental Analysis of Parshva Enterprises Ltd

About the Company - Parshva Enterprises Ltd

Parshva Enterprises Ltd. is a Public Limited Listed company incorporated on 27/07/2017 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51909MH2017PLC297910 and registration number is 297910. Currently company belongs to the Industry of Diamond Cutting/Precious Metals/Jewellery. Company’s Total Operating Revenue is Rs. 13.51 Cr. and Equity Capital is Rs. 10.05 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Diamond Cutting/Precious Metals/JewelleryNo.811, A Wing, Jaswanti Allied Business Centre, Mumbai Maharashtra 400064info@parshvaenterprises.co.in
http://www.parshvaenterprises.co.in
Management
NamePosition Held
Mr. Prashant VoraChairman & Managing Director
Mr. Harsh VoraWhole Time Director
Mr. Mehul ShahNon Exe.Non Ind.Director
Mrs. Mamta PatelIndependent Director
Mr. Tejas ShahIndependent Director
Ms. Meghna SavlaIndependent Director

Parshva Enterprises Ltd. Share Price Update

Share PriceValue
Today₹176.60
Previous Day₹183.50

Basic Stock Data of Parshva Enterprises Ltd

Market Cap 197 Cr.
Current Price 196
High / Low240/144
Stock P/E728
Book Value 10.6
Dividend Yield0.00 %
ROCE3.62 %
ROE2.12 %
Face Value 10.0

Data Source: screener.in

Competitors of Parshva Enterprises Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Penta Gold Ltd 11.6 Cr. 9.1537.8/7.60 23.10.00 %1.27 %21.2 % 10.0
Titan Company Ltd 3,27,890 Cr. 3,6933,887/2,32095.0 1400.27 %25.1 %30.8 % 1.00
Tribhovandas Bhimji Zaveri Ltd (TBZ) 830 Cr. 124145/58.215.5 85.11.38 %9.30 %7.39 % 10.0
PC Jeweller Ltd 2,502 Cr. 53.865.5/23.3 69.80.00 %5.33 %5.36 % 10.0
Silgo Retail Ltd 35.6 Cr. 34.743.0/14.211.8 31.20.00 %10.6 %7.95 % 10.0
Industry Average176.44 Cr44.9324.4669.840.33%10.32%14.54%8.2

Parshva Enterprises Ltd Quarterly Results

MonthMar 2020Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales10.041.694.643.693.494.303.964.755.284.555.556.36
Expenses9.581.614.543.593.394.163.884.645.174.455.426.21
Operating Profit0.460.080.100.100.100.140.080.110.110.100.130.15
OPM %4.58%4.73%2.16%2.71%2.87%3.26%2.02%2.32%2.08%2.20%2.34%2.36%
Other Income-0.130.010.010.000.000.000.000.000.000.000.000.00
Interest0.020.010.010.010.010.030.020.030.020.030.030.03
Depreciation0.080.030.030.010.010.040.000.000.000.010.010.01
Profit before tax0.230.050.070.080.080.070.060.080.090.060.090.11
Tax %26.09%40.00%28.57%25.00%25.00%28.57%16.67%25.00%22.22%33.33%22.22%27.27%
Net Profit0.170.040.050.060.060.050.040.060.070.050.070.08
EPS in Rs0.180.040.050.060.060.050.040.060.070.050.070.08

Parshva Enterprises Ltd Quarterly Chart

Parshva Enterprises Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4.767.0910.0410.3113.5118.2921.74
Expenses4.696.689.5710.0013.1017.8321.25
Operating Profit0.070.410.470.310.410.460.49
OPM %1.47%5.78%4.68%3.01%3.03%2.52%2.25%
Other Income0.010.04-0.130.020.00-0.010.00
Interest0.000.000.030.030.060.110.11
Depreciation0.020.050.080.070.060.050.03
Profit before tax0.060.400.230.230.290.290.35
Tax %33.33%27.50%26.09%26.09%27.59%27.59%
Net Profit0.040.300.170.170.210.210.27
EPS in Rs0.070.450.180.180.210.210.27
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%

Parshva Enterprises Ltd Profit & Loss Yearly Chart

Parshva Enterprises Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:31%
3 Years:22%
TTM:32%
Compounded Profit Growth
10 Years:%
5 Years:41%
3 Years:-9%
TTM:29%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:80%
1 Year:-1%
Return on Equity
10 Years:%
5 Years:4%
3 Years:2%
Last Year:2%

Parshva Enterprises Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2.002.203.013.0110.0510.0510.05
Reserves0.041.044.054.210.230.450.56
Borrowings0.000.230.181.060.970.931.17
Other Liabilities0.020.110.100.100.330.180.11
Total Liabilities2.063.587.348.3811.5811.6111.89
Fixed Assets0.130.270.190.190.160.120.10
CWIP0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Other Assets1.933.317.158.1911.4211.4911.79
Total Assets2.063.587.348.3811.5811.6111.89

Parshva Enterprises Ltd Reserves and Borrowings Chart

Parshva Enterprises Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1.59-1.37-2.35-0.09-3.410.06
Cash from Investing Activity -0.170.01-1.240.010.36-0.01
Cash from Financing Activity 2.000.903.65-0.032.80-0.10
Net Cash Flow0.24-0.460.05-0.10-0.25-0.05

Parshva Enterprises Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days0.000.0021.8165.49123.20114.35
Inventory Days72.36150.29180.92167.181,477.55
Days Payable0.000.000.000.000.00
Cash Conversion Cycle72.36150.29202.73232.68123.201,591.90
Working Capital Days128.82161.65253.39284.64296.65223.91
ROCE %14.52%8.22%3.61%3.79%3.62%

Parshva Enterprises Ltd Financial Efficiency Indicators Chart

Parshva Enterprises Ltd Share Holding Pattern

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters73.09%73.09%73.09%73.09%73.09%73.90%73.97%74.53%74.53%74.53%74.63%74.69%
Public26.91%26.91%26.91%26.91%26.91%26.10%26.03%25.47%25.47%25.47%25.37%25.31%
No. of Shareholders696969686973363340335578546537

Parshva Enterprises Ltd Shareholding Pattern Chart

No. of Parshva Enterprises Ltd Shareholders

This stock is not held by any mutual fund

Parshva Enterprises Ltd ROCE Trend

Parshva Enterprises Ltd EPS Trend

Parshva Enterprises Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.210.210.550.571.37
Diluted EPS (Rs.)0.210.210.550.571.37
Cash EPS (Rs.)0.260.270.780.821.58
Book Value[Excl.RevalReserv]/Share (Rs.)10.4410.2323.9923.4414.72
Book Value[Incl.RevalReserv]/Share (Rs.)10.4410.2323.9923.4414.72
Revenue From Operations / Share (Rs.)18.2013.4534.2433.3532.24
PBDIT / Share (Rs.)0.450.411.151.702.06
PBIT / Share (Rs.)0.400.350.911.441.85
PBT / Share (Rs.)0.290.300.811.381.85
Net Profit / Share (Rs.)0.210.200.550.561.37
PBDIT Margin (%)2.483.073.345.086.40
PBIT Margin (%)2.212.602.664.305.73
PBT Margin (%)1.622.272.374.135.72
Net Profit Margin (%)1.171.551.611.704.23
Return on Networth / Equity (%)2.042.042.312.429.27
Return on Capital Employeed (%)3.863.423.806.1212.54
Return On Assets (%)1.841.811.992.338.39
Total Debt / Equity (X)0.080.090.140.020.07
Asset Turnover Ratio (%)1.581.351.311.842.52
Current Ratio (X)10.298.737.0225.679.61
Quick Ratio (X)6.494.683.219.161.79
Inventory Turnover Ratio (X)3.442.592.150.000.00
Interest Coverage Ratio (X)4.459.1711.7930.14908.80
Interest Coverage Ratio (Post Tax) (X)3.176.047.3821.70601.80
Enterprise Value (Cr.)171.76111.4929.9131.020.00
EV / Net Operating Revenue (X)9.398.252.903.090.00
EV / EBITDA (X)378.33267.8986.7560.720.00
MarketCap / Net Operating Revenue (X)9.348.182.803.070.00
Price / BV (X)16.2810.754.004.370.00
Price / Net Operating Revenue (X)9.348.182.803.070.00
EarningsYield0.000.000.010.010.00

Parshva Enterprises Ltd Profitability Ratios (%)

Parshva Enterprises Ltd Liquidity Ratios

Parshva Enterprises Ltd Liquidity Ratios (%)

Parshva Enterprises Ltd Interest Coverage Ratios (%)

Parshva Enterprises Ltd Valuation Ratios

Fair Value / Intrinsic Value of Parshva Enterprises Ltd

Fair Value: ₹166.87

The stock is overvalued by 14.86% compared to the current price ₹196

*Investments are subject to market risks

Strength and Weakness of Parshva Enterprises Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.99 and average Dividend Yield of 3.22%.
  2. The company has higher reserves (1.51 cr) compared to borrowings (0.65 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (12.25 cr) and profit (0.26 cr) over the years.
  1. The stock has a low average ROCE of 5.63%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 224.84, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 130.38, which may not be favorable.

Should I Buy Parshva Enterprises Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Parshva Enterprises Ltd:
    1. Net Profit Margin: 1.17%
      • 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: 3.86% (Industry Average ROCE: 11.86%)
      • 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): 3.17
      • 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: 6.49
      • 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: 776 (Industry average Stock P/E: 24.26)
      • 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: 0.08
      • 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 Parshva Enterprises 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