BSE: 506128 | NSE: | Pharmaceuticals & Drugs | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Parnax Lab Ltd is a below average quality company.
The key valuation ratios of Parnax Lab 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 Weak which suggest that the price of Parnax Lab Ltd is likely to Fall 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.1% | -1.1% | 1.4% | -5.4% | 2.9% | 5% | -2.6% | 7.8% | 8.9% | 12.5% | - |
| Value Creation Index ⓘ | -1.1 | -1.1 | -0.9 | -1.4 | -0.8 | -0.6 | -1.2 | -0.4 | -0.4 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 15.9 | 7.2 | 5.3 | 5.8 | 6.5 | 7.7 | 2.4 | 7.2 | 7.5 | 7.4 | 10 |
| Sales YoY Gr. | - | -54.4% | -27% | 9.9% | 11.9% | 18.3% | -69.1% | 201.7% | 4.5% | -0.4% | - |
| Adj EPS ⓘ | -1.7 | -1.3 | -0.8 | -1.7 | -1 | -2.4 | -1.3 | 0.5 | 0.9 | 1.5 | 2.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 89.8% | 62.4% | - |
| BVPS (₹) ⓘ | 14.8 | 13.7 | 12.9 | 10.2 | 9.2 | 6.9 | 5.5 | 11.1 | 16.9 | 18.4 | 19.6 |
| Adj Net Profit ⓘ | -1.5 | -1.1 | -0.7 | -1.4 | -0.9 | -2.1 | -1.1 | 0.5 | 1.1 | 1.7 | 2 |
| Cash Flow from Ops. ⓘ | -2.1 | 1.8 | 3.7 | 0.6 | 1.7 | 2.2 | 0.5 | -0.4 | -0.3 | 0.1 | - |
| Debt/CF from Ops. ⓘ | -9.1 | 9.5 | 3.3 | 19.4 | 6.7 | 5 | 24.2 | -25.5 | -3.8 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -8.1% | 2.8% | 46.4% | -0.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | 62.4% | ||||
| BVPSⓘ | 2.4% | 14.9% | 49.3% | 9.3% | ||||
| Share Price | 16.1% | 55.8% | 69.5% | 80.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -11 | -9.4 | -5.9 | -14.5 | -10.4 | -30.4 | -21.5 | 5.6 | 6.6 | 8.6 | 11.4 |
| Op. Profit Mgn % ⓘ | -2 | -4.3 | 0.1 | 6 | 1.7 | 7 | -19.3 | 19.1 | 21.1 | 28.4 | 29.4 |
| Net Profit Mgn % ⓘ | -9.2 | -15.8 | -12.6 | -24.6 | -13.2 | -27 | -47.7 | 6.8 | 14.3 | 23.3 | 25.7 |
| Debt to Equity ⓘ | 1.5 | 1.5 | 1.1 | 1.4 | 1.4 | 1.9 | 2.4 | 0.8 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 348 | 626 | 527 | 461 | 485 | 257 | 389 | 148 | 222 | 314 | 347 |
| Cash Conv. Cycle ⓘ | 209 | 442 | 355 | 178 | 122 | 61 | 88 | 19 | 49 | 37 | 321 |
Return on Equity has increased versus last 3 years average to 11.40%
Sales growth is growing at healthy rate in last 3 years 46.42%
Sales growth is good in last 4 quarters at 79.23%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.2 | 10.3 |
| TTM Sales (₹ Cr.) | 9.7 | 196 |
| BVPS (₹.) ⓘ | 19.6 | 68.8 |
| Reserves (₹ Cr.) ⓘ | 11 | 67 |
| P/BV ⓘ | 9.05 | 2.57 |
| PE ⓘ | 81.94 | 17.22 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 80.00 / 193.50 |
| All Time Low / High (₹) | 8.40 / 193.50 |
| Market Cap (₹ Cr.) | 203 |
| Equity (₹ Cr.) | 11.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 44.7 |
| Pledged * | 11.78 | 9.41 | 9.41 | 9.41 | 9.41 | 9.41 | 9.41 | 9.41 | 9.41 | 9.41 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 7 | 5 | 6 | 6 | 8 | 2 | 7 | 7 | 7 |
| Operating Expenses ⓘ | 16 | 8 | 5 | 7 | 6 | 7 | 3 | 6 | 6 | 5 |
| Manufacturing Costs | 4 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 1 |
| Material Costs | 7 | 3 | 3 | 3 | 3 | 4 | 1 | 3 | 3 | 3 |
| Employee Cost | 3 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| Other Costs ⓘ | 2 | 1 | 1 | 3 | 2 | 2 | 1 | 1 | 1 | 1 |
| Operating Profit ⓘ | 0 | 0 | 0 | -1 | 0 | 1 | 0 | 1 | 2 | 2 |
| Operating Profit Margin (%) | -2.0% | -5.6% | 0.0% | -19.1% | 1.7% | 7.0% | -19.3% | 19.1% | 21.0% | 28.4% |
| Other Income ⓘ | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -2 | -1 | -1 | -2 | -1 | 0 | -1 | 1 | 2 | 2 |
| Tax ⓘ | -1 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 1 |
| Profit After Tax | -1 | -1 | -1 | -2 | -1 | -2 | -1 | 1 | 1 | 2 |
| PAT Margin (%) | -7.6% | -14.0% | -12.6% | -41.4% | -12.7% | -26.1% | -47.7% | 7.6% | 16.1% | 24.5% |
| Adjusted EPS (₹) | -1.4 | -1.2 | -0.8 | -2.8 | -1.0 | -2.4 | -1.3 | 0.6 | 1.1 | 1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 13 | 12 | 11 | 9 | 8 | 6 | 5 | 11 | 19 | 21 |
| Share Capital ⓘ | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 11 | 11 |
| Reserves ⓘ | 4 | 3 | 2 | 0 | -1 | -3 | -4 | 1 | 8 | 10 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 17 | 15 | 10 | 12 | 11 | 11 | 11 | 8 | 0 | 0 |
| Long Term Debt | 15 | 13 | 7 | 8 | 8 | 3 | 2 | 1 | 0 | 0 |
| Short Term Debt | 2 | 2 | 3 | 4 | 2 | 8 | 9 | 7 | 0 | 0 |
| Trade Payables | 2 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Others Liabilities ⓘ | 1 | 1 | 0 | -2 | -1 | 0 | 0 | 2 | 1 | 0 |
| Total Liabilities ⓘ | 33 | 28 | 22 | 20 | 18 | 18 | 16 | 22 | 21 | 22 |
Fixed Assets | ||||||||||
| Gross Block | 17 | 16 | 7 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Accumulated Depreciation | 9 | 10 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Net Fixed Assetsⓘ | 7 | 7 | 6 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 11 | 11 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Inventories | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Trade Receivables | 11 | 7 | 3 | 4 | 3 | 2 | 0 | 2 | 1 | 1 |
| Cash Equivalents | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 4 | 1 | 0 |
| Others Assetsⓘ | 2 | 2 | 1 | 5 | 5 | 5 | 5 | 5 | 7 | 10 |
| Total Assets ⓘ | 33 | 28 | 22 | 20 | 18 | 18 | 16 | 22 | 21 | 22 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2 | 2 | 4 | 1 | 2 | 2 | 0 | 0 | 0 | 0 |
| PBT ⓘ | -2 | -1 | -1 | -2 | -1 | 0 | -1 | 1 | 2 | 2 |
| Adjustment ⓘ | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 0 | 0 |
| Changes in Working Capital ⓘ | -1 | 2 | 3 | -1 | 1 | 1 | 1 | -2 | -2 | -2 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | -2 | -4 | -1 | -2 | -2 | 0 | 5 | -3 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 2 | -2 | 0 | 0 | 0 | -6 | -1 | -1 | -1 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -1 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -3 | 0 | -2 | 6 | 1 | 6 | -2 | -1 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 4 | -3 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -9.07 | -8.38 | -5.9 | -24.44 | -10.04 | -29.37 | -21.49 | 6.92 | 7.95 | 9 |
| ROCE (%) | -1.1 | -1.14 | 1.42 | -5.43 | 2.85 | 5.04 | -2.57 | 7.8 | 8.85 | 12.45 |
| Asset Turnover Ratio | 0.48 | 0.24 | 0.21 | 0.27 | 0.34 | 0.43 | 0.14 | 0.37 | 0.35 | 0.35 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 0 | Working Capital Days |
| Receivable Days | 232 | 460 | 375 | 233 | 184 | 109 | 192 | 59 | 72 | 41 |
| Inventory Days | 59 | 44 | 20 | 21 | 23 | 14 | 56 | 35 | 33 | 36 |
| Payable Days | 171 | 161 | 73 | 136 | 124 | 81 | 273 | 123 | 83 | 69 |
Parnax Lab, earlier known as Krishnadeep Trade and Investments, incorporated in the year 1982, engages in investing and financial businesses in India. The company is based in Mumbai, India. In 2012 the company has changed its name from Krishna Deep Trade & Investments Ltd. to Parnax Lab Ltd. "
In 2009, Krishna Deep Trade and Investments appointed Rasik Chaturvedi and Dilip Pimparkar as additional directors of the company with effect from February 16, 2009. Further, Rasik Chaturvedi and Dilip Pimparkar have also been inducted on the Audit Committee of the Company.
The registered office of the company is 136, Greet Western Building, Nagindas Master Road Extension, Fort Mumbai, Maharashtra-400001.
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