BSE: 521246 | NSE: PARASPETRO | Textile - Manmade Fibres | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Paras Petrofils Ltd is a below average quality company.
The key valuation ratios of Paras Petrofils 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 Paras Petrofils Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -4.7% | -0.3% | -1.5% | 3.7% | 1% | 2.5% | 2.8% | 3.9% | 3.7% | 1.4% | - |
| Value Creation Index ⓘ | -1.3 | -1.0 | -1.1 | -0.7 | -0.9 | -0.8 | -0.8 | -0.7 | -0.7 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 9.5 | 4.8 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | -49.3% | -100% | NA | NA | NA | -100% | NA | NA | NA | - |
| Adj EPS ⓘ | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| YoY Gr. | - | NA | NA | NA | -66.7% | 100% | 0% | 50% | 0% | -66.7% | - |
| BVPS (₹) ⓘ | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 |
| Adj Net Profit ⓘ | -1.4 | -0.1 | -0.4 | 0.9 | 0.2 | 0.6 | 0.6 | 0.9 | 0.9 | 0.3 | 1 |
| Cash Flow from Ops. ⓘ | -7.2 | -4.8 | -7.3 | -0.7 | -1.8 | -0.1 | -0.3 | 0.8 | -0.7 | 0.1 | - |
| Debt/CF from Ops. ⓘ | -0.1 | 0 | 0 | -0.6 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | 0% | -20.6% | -66.7% | ||||
| BVPSⓘ | -2.8% | 1.3% | 3.5% | 1.6% | ||||
| Share Price | 33.9% | 88.6% | 188% | 341.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -4.9 | -0.3 | -1.5 | 3.7 | 1 | 2.5 | 2.8 | 3.9 | 3.7 | 1.4 | 3.2 |
| Op. Profit Mgn % ⓘ | 6.8 | -4 | 0 | 0 | 0 | -844.3 | 0 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | -14.6 | -1.9 | 0 | 0 | 0 | 770.8 | 0 | 0 | 0 | 0 | INF |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 223 | 138 | 0 | 0 | 0 | 58,126 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | -312 | -17 | 0 | 0 | 0 | 273 | 0 | 0 | 0 | 0 | 0 |
Return on Equity has increased versus last 3 years average to 3.10%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years -20.63%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | 0.7 | - |
| Reserves (₹ Cr.) ⓘ | -12 | - |
| P/BV ⓘ | 5.96 | - |
| PE ⓘ | 228.52 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.77 / 3.87 |
| All Time Low / High (₹) | 0.09 / 5.75 |
| Market Cap (₹ Cr.) | 129 |
| Equity (₹ Cr.) | 33.4 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 32.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 9 | 5 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 8 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Costs ⓘ | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
| Operating Profit ⓘ | 1 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -1 |
| Operating Profit Margin (%) | 6.8% | -4.0% | - | - | - | -844.0% | - | - | - | - |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 7 | -4 | -1 | -4 | -2 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | -5 | -1 | -3 | -1 | 1 | 1 | 1 | 1 | 0 |
| Tax ⓘ | 4 | -1 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 4 | -3 | -1 | -2 | -1 | 1 | 1 | 1 | 1 | 0 |
| PAT Margin (%) | 37.3% | -65.8% | - | - | - | 770.8% | - | - | - | - |
| Adjusted EPS (₹) | 0.1 | -0.1 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 30 | 27 | 25 | 24 | 23 | 23 | 22 | 23 | 24 | 24 |
| Share Capital ⓘ | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| Reserves ⓘ | -7 | -10 | -11 | -13 | -14 | -13 | -15 | -14 | -13 | -13 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 5 | -1 | -2 | -3 | -3 | -3 | -3 | -4 | -4 | -4 |
| Total Liabilities ⓘ | 37 | 26 | 24 | 21 | 19 | 20 | 19 | 20 | 20 | 21 |
Fixed Assets | ||||||||||
| Gross Block | 88 | 64 | 47 | 36 | 16 | 16 | 12 | 12 | 12 | 12 |
| Accumulated Depreciation | 53 | 41 | 32 | 25 | 8 | 8 | 6 | 6 | 6 | 6 |
| Net Fixed Assetsⓘ | 35 | 23 | 15 | 11 | 8 | 8 | 6 | 6 | 6 | 6 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Equivalents | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 |
| Others Assetsⓘ | 0 | 2 | 8 | 8 | 11 | 12 | 13 | 13 | 14 | 15 |
| Total Assets ⓘ | 37 | 26 | 24 | 21 | 19 | 20 | 19 | 20 | 20 | 21 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -7 | -5 | -7 | -1 | -2 | 0 | 0 | 1 | -1 | 0 |
| PBT ⓘ | 8 | -5 | -1 | -3 | -1 | 1 | -1 | 1 | 1 | 0 |
| Adjustment ⓘ | -7 | 5 | 1 | 3 | 2 | 0 | 2 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | -8 | -5 | -7 | -1 | -3 | -1 | -1 | -0 | -2 | -0 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 8 | 6 | 7 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Capex | 1 | 7 | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 1 | -1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | -1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | -1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | -1 | 0 | 0 | 1 | -1 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.22 | -12.63 | -6.35 | -7.59 | -5.18 | 2.87 | 3.29 | 4.56 | 4.26 | 1.64 |
| ROCE (%) | 25.95 | -16.01 | -5.43 | -11.62 | -4.34 | 2.46 | 2.81 | 3.89 | 3.65 | 1.42 |
| Asset Turnover Ratio | 0.23 | 0.16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | -1.75 | N/A | N/A | N/A | N/A | 0 | 0 | 1 | -1 | N/A | Working Capital Days |
| Receivable Days | 156 | 0 | 0 | 0 | 0 | 471 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 496 | 69 | 0 | 0 | 0 | 336 | 0 | 0 | 0 | 0 |
Paras Petrofils was incorporated on March 20, 1991 as a public limited company with the Registrar of Companies, Gujarat. The company is promoted by late Devraj Jain, Kailash Chand Jain, late Raghubir Singh Jain, Anand Kumar Jain, Ashok Kumar Jain, Des Raj Jain and Vinod Kumar Bansal of Paras Group.
The promoters of the company have a long experience of two to three decades in trading of the gray fabrics and processing of the cloths at dyeing and printing mills of their own or getting job work outside and also as commission agents in this trade at Surat.
Initially, company was engaged in trading activity up to March 31, 1994. After that promoters of the company, decided to set up the manufacturing plant for POY, a step towards backward integration. In the year 1995 the company came up with a public issue of Rs 1725.71 lakh, to set up the POY project with a cost of Rs 2850.71 lakh having a capacity of 5740 TPA. This public offer was been fully subscribed. In March 1998 the company came up with its forward integration project of establishing a texturising plant at a cost of Rs 552.70 lakh (with capacity of 3080 TPA).
In the year 2002, the company undertook expansion envisaging addition of 3325 TPA of Fully Drawn Yarn (FDY) to the existing capacity. The company is the pioneer in Fully Drawn Production (FDY) production in India. FDY have improved both, the top and bottomline of the company significantly as FDY is a more value added product.
Further in 2003, the company increased its POY capacity by 16935 TPA. In the year 2004, the company installed a gas-based captive power plant to reduce its power cost. Located in the Surat district of Gujarat, the manufacturing unit has a capacity to manufacture 22,675 MTPA partially oriented yarn, 3,725 MTPA fancy doubler yarn, and 3,080 MTPA texturized yarn. The company has installed a 2 MW natural gas-based captive power plant imported from Austria.
Business areas of the company:
The company is engaged in the manufacture of polyester filament yarn products. It was promoted by the Paras Group, which is engaged in the business of synthetic fabrics like sarees and dress materials and also in texturizing of yarn.
Group companies:
• Paras Prints • Paras Silk Mills • Vir Silk Mills.
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Here is the summary:
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