195 per cent Multibagger Returns in 1 Year: This Micro-cap received a Rs 28.80 lakh contract from the Airports Authority of India for Tirupati Airport furniture
With a PE ratio of 228x, the company trades at a premium compared to the industry PE of 27.8x. The company has ROCE of 7.21 per cent and ROE of 4.01 per cent.
Parin Enterprises Ltd (Formerly known as Parin Furniture Limited) has received Contract from Ministry of Civil Aviation, Airports Authority of India for supply of Airport Furniture to Tirupati Airport, Andhra Pradesh, India for total order value of Rs. 28.80 Lacs (Rupees Twenty Eight Lacs Eighty Thousand Only) on 13th March 2025.
Parin Enterprises Ltd. engages in the provision of manufacture, sale, purchase, import, and export all types of furniture, fixtures, wooden products, and articles for various uses. Its products include Hospital, Educational, Institute, and Office Furniture. The company was founded by Dhirajlal Laxmidas Nandani, Umesh Dhirajlal Nandani, and Dipesh Dhirajlal Nandani on September 12, 2006 and is headquartered in Rajkot, India.
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Parin Enterprises Ltd's stock is currently priced at Rs 387, with a market capitalisation of Rs 430 crores. The stock has experienced a 195 per cent multibagger performance over the past year but has shown a massive 674 per cent return over three years.
For the full financial year 2024, the revenue stood at Rs 81.93 crore, compared to Rs 81.19 crore in FY23, reflecting a growth of 0.91 per cent on a year-on-year (YoY) basis. The net profit for FY24 was negative at Rs 2.08 crore, declining by 18.43 per cent compared to the previous year.
The net profit margin for FY24 stood at 2.54 per cent, lower than 3.14 per cent in FY23. The quarter-on-quarter (QoQ) comparison indicates a decline in profitability despite a marginal increase in revenue.
As of the September 2024 quarter, the shareholding pattern remains largely unchanged. Promoters hold 73.02 per cent, while the public holds 26.98 per cent.
With a PE ratio of 228x, the company trades at a premium compared to the industry PE of 27.8x. The company has ROCE of 7.21 per cent and ROE of 4.01 per cent.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.