Parichay Investments (Delisted) financials and balance sheet

BSE: 505525Commercial Services & Supplies

Last traded ₹7.98 on 6 Jan 2015

Delisted on 23 Nov 2023.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Parichay Investments annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Peak revenue ₹19 Cr, year to Mar 2023A loss in 9 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin

Results for the year to Mar 2023

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue19
  2. Materials and goods−19
  3. Employee costs0.0
  4. Other expenses0.0
  5. Operating profit−0.7
  6. Depreciation0.0
  7. Other income0.0
  8. One-off items0.0
  9. Finance costs0.0
  10. Profit before tax−0.7
  11. Tax0.0
  12. Net profit−0.7

What the company owns

  • Inventory₹8 Cr
  • Cash and bank₹0 Cr
  • Receivables₹0 Cr

What pays for it: net worth and liabilities

  • Other liabilities₹8 Cr

Profit and loss

Standalone, ₹ crore, years to March.Parichay Investments quarterly results

₹ croreMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Filed 29 MayMar 2020Filed 26 JunMar 2021Filed 11 JunMar 2022Filed 12 MayMar 2023Filed 12 May
Revenue from operations–––2.90.30.61.81.315.118.7
–––––0.62.12.015.519.4
Materials and goods bought–––2.90.30.62.12.015.419.3
Employee costs–––––0.00.00.00.00.0
Other expenses–––––0.00.00.00.10.0
Operating profit before depreciation–––––0.0−0.3−0.7−0.4−0.7
Operating margin–––––2.5%−19.4%−54.8%−2.8%−3.9%
Materials, % of revenue–––––93.8%118.4%151.3%102.3%103.6%
Employee costs, % of revenue–––––1.6%0.8%1.1%0.1%0.0%
Other expenses, % of revenue–––––2.1%0.2%2.4%0.4%0.3%
Depreciation and amortisation–––––0.00.00.00.00.0
Operating profit after depreciation–––––0.0−0.3−0.7−0.4−0.7
Other income––0.0––0.00.00.00.00.0
Finance costs–––––0.00.00.00.00.0
One-off items–––––0.00.00.00.00.0
Profit before tax0.00.00.00.00.00.0−0.3−0.7−0.4−0.7
Tax–––––0.00.00.00.00.0
Net profit0.00.00.00.00.00.0−0.3−0.7−0.4−0.7
Net margin–––−1.2%−3.0%2.5%−19.4%−54.8%−2.8%−3.9%
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2014, Mar 2015 and Mar 2016: the statement does not state its revenue, finance costs or depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2017 and Mar 2018: the statement does not state its finance costs or depreciation, which operating profit is worked out from, so operating profit is not given.
Earlier years, Mar 2008 to Mar 2013
₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013
Revenue from operations0.040.010.060.05––
Other income0.04–––––
Profit before tax0.010.010.03–−0.01−0.01
Tax0.000.000.01–––
Net profit0.010.000.02–−0.01−0.01
Net margin12.2%40.0%36.2%–––
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2023, after the latest full year: the balance sheet at its end.

₹ croreMar 2019Filed 29 MayMar 2020Filed 26 JunMar 2021Filed 11 JunMar 2022Filed 12 MayMar 2023Filed 12 MaySep 2023Half yearFiled 22 Nov
1.270.850.13−0.30−1.02−1.00
Share capital1.201.201.201.201.201.20
Reserves0.07−0.35−1.07−1.50−2.22−2.20
Borrowings2.391.411.410.000.000.00
4.754.355.373.430.009.25
2.391.411.410.008.990.00
Total assets8.426.606.913.147.978.25
Assets held for longer than a year0.600.390.000.810.000.00
7.816.216.912.327.978.25
Net debt2.381.401.38−0.70−0.010.00
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2023, after the latest full year: the cash flow over its six months.

₹ croreMar 2021Filed 11 JunMar 2022Filed 12 MayMar 2023Filed 12 MaySep 2023Half yearFiled 22 Nov
−0.372.89−1.510.00
0.353.32−0.78−0.02
Receivables0.030.000.00−0.02
Inventories−0.705.26−6.340.15
Payables1.20−1.945.560.26
Other working capital−0.170.000.00−0.41
Capital spending0.000.000.000.00
Free cash flow−0.372.89−1.510.00
Cash from investing0.39−0.810.810.00
Cash from financing0.00−1.410.000.00
Dividends paid0.000.000.000.00
Shares bought back0.000.000.000.00
Shares issued0.000.000.000.00
Net change in cash0.020.68−0.700.00
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Filed 29 MayMar 2020Filed 26 JunMar 2021Filed 11 JunMar 2022Filed 12 MayMar 2023Filed 12 May
Earnings per share−₹0.30−₹0.06₹0.12−₹2.89−₹6.01−₹3.52−₹6.04
Diluted earnings per share−₹0.30−₹0.06₹0.12−₹2.89−₹6.01−₹3.52−₹6.04
Book value per share––₹10.59₹7.07₹1.06−₹2.46−₹8.51

Ratios

Standalone, years to March.

RatioMar 2018Mar 2019Filed 29 MayMar 2020Filed 26 JunMar 2021Filed 11 JunMar 2022Filed 12 MayMar 2023Filed 12 May
Revenue growth−90.8%124.9%199.0%−26.1%1,046.4%23.7%
–1.2%−32.7%−148.0%499.9%110.1%
––−33.9 pts−115.3 pts647.9 pts−389.7 pts
From the net margin––−10.3 pts−59.5 pts140.5 pts193.7 pts
From asset turnover––−21.4 pts16.5 pts−109.0 pts82.3 pts
From borrowing––−2.1 pts−72.3 pts616.4 pts−665.8 pts
Return on capital employed–0.4%−15.4%−47.1%––
Debt to equity–1.881.6611.10––
Receivable days–165000
Inventory days–5,0231,0681,26038150
Payable days–3,086721984810
Cash conversion cycle, days–1,953352276−43150
Working capital days–1,869380417−44156
Asset turnover–0.070.240.193.013.36
Assets per rupee of net worth–6.627.0913.85−59.43−8.44
Debt to equity is left blank for the years to Mar 2022 and Mar 2023: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2022 and Mar 2023: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the years to Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2023.

Return on assets, latest year
−13.1%
Measure5 years3 years
Revenue growth, yearly rate134.2%118.8%
Return on equity, average86.1%154.0%
Operating margin, average−15.7%−20.5%
Net margin, average−15.7%−20.5%
Asset turnover, average1.372.19
Cash conversion cycle, days, average538128

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2023.

₹ crore3 yearsLatest year
Cash from operations1.02−1.51
Cash from investing0.390.81
Cash from financing−1.410.00
Capital spending0.000.00
Dividends paid0.000.00
Shares bought back0.000.00
Shares issued for cash0.000.00
Borrowings raised0.000.00
Borrowings repaid1.410.00

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Piotroski score, out of 9Published threshold 3 points out of 9––373
Altman Z-scorePublished threshold 1.12.611.480.27−4.874.92
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets––−11.04−49.86−0.52
Receivables growth less revenue growthOur threshold 0 percentage points–−198.99−73.87––
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–−297.2216.93−751.25366.04
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–0.000.000.000.00
Effective tax ratePublished threshold 17.16 per cent0.00––––
A threshold marked as ours has no published figure; it is the line we read the check against.