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Parth Electricals & Engineering Ltd (PARTH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: PARTH Electric Equipment | Small Cap | Parth Electricals Share Price

BSE Share Price
Not Listed

Parth Electricals & Engineering Ltd (PARTH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: PARTH Electric Equipment | Small Cap | Parth Electricals Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹593 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹10.4
TTM Sales
₹198 Cr.
Book Value per Share
₹32.4
P/E Ratio
41.66
Higher than its 5-year historical median
Industry PE
54.8
Price to Book (P/B)
13.41
Higher than its 5-year historical median
Price to Sales (P/S)
3.00
Higher than its 5-year historical median
EV/EBITDA
25.18
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
36.73%
Outperforms industry median
Return on Capital Employed (ROCE)
33.31%
Outperforms industry median
Return on Assets (ROA)
11.69%
Operating Profit Margin
10.2%
Net Profit Margin
5.79%
Gross Profit Margin
8.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
101.28%
Operating Profit Growth (1 Year)
-
93.63%
Net Profit Growth (1 Year)
-
119.52%
Asset Quality
Promoter Holding
62.57%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹89 Cr.
Equity
₹13.7 Cr.
Face Value
₹10
All Time Low / High
- / -

Parth Electricals & Engineering stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Parth Electricals & Engineering Ltd a good quality company?
Parth Electricals & Engineering Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Parth Electricals & Engineering Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Parth Electricals & Engineering Ltd vs industry peers?
Parth Electricals & Engineering Ltd revenue CAGR is 66.28%, compared to the industry median CAGR of 24.05%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Parth Electricals & Engineering Ltd?
Promoters hold 62.57% of the Parth Electricals & Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Parth Electricals & Engineering Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Parth Electricals & Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -2.9%22%32.8%33.3%-
Value Creation
Index
-1.20.61.31.4-

Growth Parameters

Sales 3865.586.8175198
Sales YoY Gr.-72.5%32.4%101.3%-
Adj EPS -2.43.65.210.210.4
YoY Gr.-NA44.2%94.8%-
BVPS (₹) 10.714.416.640.532.4
Adj Net
Profit
-1.62.44.610.214
Cash Flow from Ops. 0.33.17.50.3-
Debt/CF from Ops. 35.22.72.1110.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA66.3%101.3%
Adj EPS NANANA94.8%
BVPSNANA55.7%144.5%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-22.128.8383728.6
Op. Profit
Mgn %
-0.46.610.510.2NAN
Net Profit
Mgn %
-4.13.75.35.87.2
Debt to
Equity
1.30.91.10.8-
Working Cap
Days
01881831060
Cash Conv.
Cycle
0251220

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales386687175
Operating Expenses + 386178157
Manufacturing Costs5357
Material Costs275063138
Employee Cost 56710
Other Costs 2233
Operating Profit -04918
Operating Profit Margin (%) -0.4%6.6%10.5%10.1%
Other Income + 1002
Exceptional Items 0000
Interest 1124
Depreciation 1122
Profit Before Tax -23614
Tax 0023
Profit After Tax -22510
PAT Margin (%) -4.1%3.7%5.3%5.8%
Adjusted EPS (₹)-2.33.75.310.1
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Parth Electricals - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7101441
Share Capital 11110
Reserves 691331
Debt +981530
Long Term Debt4360
Short Term Debt55830
Minority Interest0000
Trade Payables17293118
Others Liabilities 25718
Total Liabilities 355166107

Fixed Assets

Net Fixed Assets +771216
Gross Block17172430
Accumulated Depreciation10101214
CWIP 0006
Investments 0111
Inventories5101015
Trade Receivables16262525
Cash Equivalents flag 12827
Others Assets 561016
Total Assets 355166107

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0380
PBT -23614
Adjustment 2234
Changes in Working Capital -0-1-2-14
Tax Paid 000-3
Cash Flow From Investing Activity + 0-1-8-10
Capex -0-0-7-12
Net Investments 0-0-0-0
Others 0-0-02
Cash Flow From Financing Activity + -1-2630
Net Proceeds from Shares 00016
Net Proceeds from Borrowing -1-14-6
Interest Paid -1-1-2-4
Dividend Paid 0000
Others 10424
Net Cash Flow -00620

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-21.7429.2738.2936.73
ROCE (%)-2.8521.9832.8233.31
Asset Turnover Ratio1.091.531.482.02
PAT to CFO Conversion(x)N/A1.51.60
Working Capital Days
Receivable Days156.50117.90107.1052.50
Inventory Days43.5039.1041.8026.20
Payable Days239.80169.90173.1064.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Parth Electricals & Engineering Ltd FAQs

The current trading price of Parth Electricals on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Parth Electricals stood at ₹593.2 Cr

The latest P/E ratio of Parth Electricals as of 31-Dec-1969 is 41.66.

The latest P/B ratio of Parth Electricals as of 31-Dec-1969 is 13.41.

The 52-week high of Parth Electricals is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Parth Electricals is ₹198 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Parth Electricals & Engineering Ltd is a average quality company.

The key valuation ratios of Parth Electricals & Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Parth Electricals & Engineering Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Parth Electricals & Engineering Ltd

Parth Electricals & Engineering Limited was incorporated on May 4, 2007 as a private limited company under the name and style of ‘Parth Electricals & Engineering Private Limited’, under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 4, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The company was converted into a public limited company pursuant to a resolution passed by its Board of Directors in its meeting held on September 24, 2024, and by the Shareholders in an extraordinary general meeting held on September 28, 2024 and consequently the name of the company was changed to ‘Parth Electricals & Engineering Limited’ and a fresh certificate of incorporation dated November 14, 2024 was issued by the Registrar of Companies, Central Processing Centre.

Jigneshkumar Gordhanbhai Patel started his business as proprietorship firm in 2005 after serving one year in Jyoti and eight years in Siemens post his graduation in Electrical Engineering from Sardar Patel University, Gujarat. In 2007 the proprietorship firm converted into Private Limited Company i.e. Parth Electricals & Engineering, with a vision to be the preferred, well known, reliable, and quality supplier & service provider to its customers in power sector and a mission to give people, the power for measuring, controlling and analyzing the current and voltage with safety. It is the employer of choice offering team members opportunities for growth, advancement and rewarding careers in a safe working environment.

It is a technology-driven company with a focus on quality, design, and product development. It has also entered into technology transfer agreements with Schneider Electric Industries SAS to provide better services and products to its customers. Schneider Electric Industries SAS is a global industrial technology company that provides expertise in electrification, automation, and digitization. Under these agreements, it is authorized by Schneider Electric to manufacture, assemble, test, market and sell the product as per Schneider’s type tested design and transfer of technology. Schneider Electric Industries SAS (Licensor) shall provide Parth (Licensee) with all technical information required to manufacture Schneider Electric Industries SAS make RMU and CSS/PSS. The company is also an outsourcing partner of Schneider Electric for manufacturing of MV panels.

Business area of the company

The company is engaged in the business of manufacturing of electric switch gear equipments, distributions of such products, providing services and undertaking the project work.

Products of the company 

  • Low Voltage (LV) and Hight Voltage (HV) panel
  • RMU- Ring Main Unit
  • Medium-voltage switch gear panels
  • Package substation 
  • Gas Insulated Switchgear (GIS)

Awards and accreditations

  • 2009: Its Promoter Mr Jigneshkumar Gordhanbhai Patel received the Rajiv Gandhi Shiromani Award.
  • 2012: The company received an award for ‘Best Quality Practises’ by Adani
  • 2021: The company received an award for ‘Winning Partnership’ by Schneider Electric.
  • 2022: The company received a ‘Change Maker Award’ for the category fastest business acceleration FBX (RMU) by Schneider Electric.
  • 2022: The company received a ‘Master EcoXpert -TM MV Panel’ by Schneider Electric.
  • 2023: The company received a ‘Pinnacle Award’ by Schneider Electric.
  • 2023: The company received a ‘Platinum Jubilee Celebration’ by Birla Vishvakarma Mahavidyalaya.

History and milestones

  • 2007: Incorporation of the Company as a private limited company with focus on services.
  • 2012: Entering into EPC and being awarded the first major GIS substation project from GETCO.
  • 2015: Award of EPC projects from utilities (GETCO & UPPTCL) and private cos (Linde).
  • 2016: Training of its manufacturing and services team in China for handling high-voltage GIS for installation, testing and commissioning.
  • 2017: Specialized training for its services team on HV cable and cable termination & joints in Pfisterer GmbH, Switzerland.
  • 2018: Became Pfisterer Partner in India for providing value added solutions and products.
  • 2019: Signed a Licence Agreement for transfer of technology with Schneider SAS for manufacturing RMUs (FBX up to 22 kV Level I) under Make in India.
  • 2021: Type testing done successfully on its manufactured RMUs at National Testing Lab ERDA.
  • 2022: Signed a Licence Agreement for transfer of technology with Schneider SAS for manufacturing CSS (BIOSCO KIOSK) under Make in India.
  • 2023: Awarded one of the largest projects (Revamped Distribution Sector Scheme) for supply of RMUs in Gujarat Discoms.
  • 2024: Expanded facility with additional CNC Machines, robotic welding machine and additional shopfloor space.

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