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Parin Enterprises
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Parin Furniture Limited was originally incorporated as a private limited company with the name 'Parin Furniture Private Limited' on September 12, 2006. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on March 17, 2018, the company was converted into a Public Limited Company and the name of the Company was changed to 'Parin Furniture Limited' on April 04, 2018. Mr. Umesh Dhriajbhai Nandani, Late Dipeshkumar Nandani and Mr. Bindeshkumar Dhirajlal Nandani were the initial subscribers to the Memorandum of Association of the Company. The Company is a provider of wide and exclusive range of furniture and lifestyle products for several consumers. The Company is managed by experienced and dedicated promoters to address the changing needs of customers in furniture industry. The Subsidiary Company namely Pearl Furniture Private Limited has well established manufacturing unit located at Shapar in Rajkot District having high tech equipments and design facility to manufacture various combination and size of products as per specification and needs of the customers. It is equipped with all facilities to execute all types of manufacturing activities such as panel cutting, edge bidding, post forming, painting line, fabrication, moulding, cutting and polishing & packaging, etc. The Subsidiary is using latest machineries & technology and keeps on up-grading its manufacturing set-up, design capabilities and workmanship to deliver superior quality products with on-time deliveries and with emphasis on quality. The Company's business network is spread in 18 States. It has COCO Flagship Retail Stores and around 900 dealers associated with the company. It has huge stock keeping facilities having storage area with strong supply chain management. In addition to this, it has created spacious, specially designed showrooms for display of its various products like home furniture, office furniture, hospital furniture, institutional furniture etc. The Company has obtained certifications like ISO- 9001:2015, ISO-14001:2015, ISO-13485:2012, OHSAS 18001:2007 & Assured Green Guard Business. Apart from this, it also has registered membership of BIFMA Certification.
Parin Enterprises share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Parin Enterprises indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Parin Enterprises is valued compared to its competitors.
Parin Enterprises PE ratio helps investors understand what is the market value of each stock compared to Parin Enterprises 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Parin Enterprises evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Parin Enterprises generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Parin Enterprises in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Parin Enterprises shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Parin Enterprises compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Parin Enterprises over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Parin Enterprises helps investors get an insight into when they can enter or exit the stock. Key components of Parin Enterprises Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Parin Enterprises shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Parin Enterprises ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Parin Enterprises provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Parin Enterprises highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Parin Enterprises .
The balance sheet presents a snapshot of Parin Enterprises ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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