The shares of this furniture manufacturer known for making desks and chairs for schools and offices, was in focus after announcing a major government order. The deal is expected to drive growth and improve future business performance.
With a market capitalization of Rs. 378 Crores, shares of Parin Enterprises Ltd opened at Rs.340 per equity share, from its previous day’s closing price of Rs. 340.85 the stock made an intraday low Rs. 329 per equity share.
Parin Enterprises Limited, a leading name in the Indian furniture industry, has secured a significant order worth Rs 7.79 crore from the Gujarat Council of Elementary Education under the Sarva Shiksha Abhiyan (SSA). The contract involves supplying ergonomically designed school desks and chairs to 688 government schools across Gujarat.
The company is currently involved in furniture manufacturing, while three other business segments automobile manufacturing and trading, retail and wholesale of electronic and telecom products, and real estate and construction are planned for future expansion and are yet to begin operations.
This order highlights Parin’s manufacturing quality, logistical capability, and growing credibility in executing large scale public sector projects. The company, formerly known as Parin Furniture Limited and based in Rajkot, Gujarat, specializes in home, office, and institutional furniture, with a strong presence in both government and corporate sectors.
This new contract is expected to positively impact Parin Enterprises Limited financial performance for the current fiscal year and aligns with its strategic focus on expanding institutional business.
The company’s revenue from operations surged from Rs. 82 crores in FY24 reaching Rs. 168 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 2 crores to Rs. 7 crores, indicating better cost management and profitability. These figures highlight a solid improvement in both revenue and overall financial performance.
Parin Enterprises Limited has a Return on Capital Employed (ROCE) 11.7 percent, indicating strong capital efficiency. The Return on Equity (ROE) stands at 11.4 percent, reflecting consistent Profitability.
The Company’s Price to earnings ratio is 54.8 times the industry average is 24.2, showing a moderate market valuation. The operating Profit margin (OPM) is Healthy at around 11.4 percent, which highlights efficient operations.
Written by Sudeep Kumbar
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